# EDGAR Filing Document

**Accession Number:** 0000810893
**File Stem:** 0001099263-26-002953
**Filing Date:** 2026-3
**Character Count:** 9962470
**Document Hash:** e1a89cecb35cd3cd64458e1e1f136b91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-002953.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001099263-26-002953

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO FUNDS
- **CENTRAL INDEX KEY:** 0000810893

**ORGANIZATION NAME:**
- **EIN:** 952632339
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05028
- **FILM NUMBER:** 26704647

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949-720-6000

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

## Series and Classes Contracts Data

### PIMCO StocksPLUS Fund (Series ID: S000009704)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000026630 | Institutional | PSTKX           |
| C000026632 | A             | PSPAX           |
| C000026634 | C             | PSPCX           |
| C000026636 | R             | PSPRX           |
| C000064152 | I-2           | PSKPX           |
| C000200449 | I-3           | PSTNX           |

## Nport-Ex

<br> Schedule of Investments PIMCO All Asset All Authority Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | SHARES | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 0.0% ¤** |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (b) | 123827 | $124 |
|  |  | 124 |
| Total Investments in Securities (Cost $124) |  | 124 |
| **INVESTMENTS IN AFFILIATES 140.9%**  |  |  |
| **MUTUAL FUNDS (a) 139.9%**  |  |  |
| **PIMCO All Asset: Multi-Real Fund**  | 13228835 | 119192 |
| **PIMCO All Authority: Multi-RAE PLUS Fund**  | 18506592 | 176183 |
| **PIMCO CommodityRealReturn Strategy Fund**<sup>®</sup>  | 1794220 | 26052 |
| **PIMCO Emerging Markets Currency and Short-Term Investments Fund**  | 6925747 | 53190 |
| **PIMCO Emerging Markets Local Currency and Bond Fund**  | 15601361 | 99693 |
| **PIMCO Extended Duration Fund**  | 1512543 | 19164 |
| **PIMCO High Yield Fund**  | 7554757 | 61798 |
| **PIMCO High Yield Spectrum Fund**  | 2303398 | 21629 |
| **PIMCO Income Fund**  | 1065886 | 11714 |
| **PIMCO International Bond Fund (U.S. Dollar-Hedged)**  | 6769989 | 67226 |
| **PIMCO Investment Grade Credit Bond Fund**  | 667807 | 6144 |
| **PIMCO Long Duration Total Return Fund**  | 3126743 | 22669 |
| **PIMCO Long-Term Real Return Fund**  | 1668977 | 19243 |
| **PIMCO Long-Term U.S. Government Fund**  | 1790864 | 25090 |
| **PIMCO Low Duration Fund**  | 18378347 | 172021 |
| **PIMCO RAE Emerging Markets Fund**  | 2319959 | 27538 |
| **PIMCO RAE Fundamental Advantage PLUS Fund**  | 5063088 | 41062 |
| **PIMCO RAE International Fund**  | 1009772 | 9078 |
| **PIMCO RAE PLUS EMG Fund**  | 1209215 | 10085 |
| **PIMCO RAE PLUS International Fund**  | 1453646 | 13083 |
| **PIMCO RAE U.S. Small Fund**  | 923485 | 10740 |
| **PIMCO RAE Worldwide Long/Short PLUS Fund**  | 5688510 | 41867 |
| **PIMCO Real Return Fund**  | 2593058 | 26890 |
| **PIMCO RealEstateRealReturn Strategy Fund**  | 2529715 | 68302 |
| **PIMCO Total Return Fund**  | 18933988 | 167755 |
| **PIMCO TRENDS Managed Futures Strategy Fund**  | 5479641 | 58577 |
| Total Mutual Funds (Cost $1,297,020) |  | 1375985 |
| **SHORT-TERM INSTRUMENTS 1.0%**  |  |  |
| **MUTUAL FUNDS 1.0%**  |  |  |
| **PIMCO Government Money Market Fund** <br> 3.870% (b) | 9875924 | 9875 |
| Total Short-Term Instruments (Cost $10,000) |  | 9999 |
| Total Investments in Affiliates (Cost $1,306,896) |  | 1385860 |
| Total Investments 140.9% (Cost $1,307,020) |  | $1385984 |
| Other Assets and Liabilities, net (40.9)% |  | (402161) |
| Net Assets 100.0% |  | $983823 |

---

------

<br> Schedule of Investments PIMCO All Asset All Authority Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **(a)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(b)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Mutual Funds | Mutual Funds | $1375985 | $124 | $0 | $1376109 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 9875 | 0 | 0 | 9875 |
| Total Investments | Total Investments | $1385860 | $124 | $0 | $1385984 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO All Asset Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | SHARES | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN AFFILIATES 100.0%**  |  |  |
| **MUTUAL FUNDS (a) 99.4%** |  |  |
| **PIMCO All Asset: Multi-RAE PLUS Fund**  | 178540874 | $1846113 |
| **PIMCO All Asset: Multi-Real Fund**  | 210288650 | 1894701 |
| **PIMCO Emerging Markets Currency and Short-Term Investments Fund**  | 52204989 | 400934 |
| **PIMCO Emerging Markets Local Currency and Bond Fund**  | 117412348 | 750265 |
| **PIMCO Extended Duration Fund**  | 11876300 | 150473 |
| **PIMCO High Yield Fund**  | 39316479 | 321609 |
| **PIMCO High Yield Spectrum Fund**  | 11626151 | 109170 |
| **PIMCO Income Fund**  | 10359650 | 113853 |
| **PIMCO International Bond Fund (U.S. Dollar-Hedged)**  | 22153860 | 219988 |
| **PIMCO Investment Grade Credit Bond Fund**  | 7205888 | 66294 |
| **PIMCO Long Duration Total Return Fund**  | 24950435 | 180891 |
| **PIMCO Long-Term Real Return Fund**  | 5505430 | 63478 |
| **PIMCO Long-Term U.S. Government Fund**  | 17174232 | 240611 |
| **PIMCO Low Duration Fund**  | 54430156 | 509466 |
| **PIMCO RAE Emerging Markets Fund**  | 23412005 | 277901 |
| **PIMCO RAE Fundamental Advantage PLUS Fund**  | 37932834 | 307635 |
| **PIMCO RAE International Fund**  | 11269461 | 101312 |
| **PIMCO RAE PLUS EMG Fund**  | 11272346 | 94011 |
| **PIMCO RAE PLUS International Fund**  | 10432277 | 93891 |
| **PIMCO RAE U.S. Fund**  | 5689080 | 77599 |
| **PIMCO RAE U.S. Small Fund**  | 11928414 | 138727 |
| **PIMCO RAE Worldwide Long/Short PLUS Fund**  | 41964285 | 308857 |
| **PIMCO Real Return Fund**  | 8368495 | 86781 |
| **PIMCO RealEstateRealReturn Strategy Fund**  | 6016350 | 162441 |
| **PIMCO Total Return Fund**  | 81932310 | 725920 |
| **PIMCO TRENDS Managed Futures Strategy Fund**  | 37197788 | 397644 |
| Total Mutual Funds (Cost $9,016,321) |  | 9640565 |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **MUTUAL FUNDS 0.6%**  |  |  |
| **PIMCO Government Money Market Fund (b)** | 58274573 | 58273 |
| Total Short-Term Instruments (Cost $58,274) |  | 58273 |
| Total Investments in Affiliates (Cost $9,074,595) |  | 9698838 |
| Total Investments 100.0% (Cost $9,074,595) |  | $9698838 |
| Other Assets and Liabilities, net 0.0% |  | (4329) |
| Net Assets 100.0% |  | $9694509 |

---

------

<br> Schedule of Investments PIMCO All Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **(a)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(b)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Mutual Funds | Mutual Funds | $9640565 | $0 | $9640565 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| &nbsp;&nbsp;&nbsp;&nbsp;Mutual Funds | &nbsp;&nbsp;&nbsp;&nbsp;Mutual Funds | 58273 | 0 | 58273 |
| Total Investments | Total Investments | $9698838 | $0 | $9698838 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 96.8% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 93.3%**  |  |  |
| **ALABAMA 0.8%**  |  |  |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 06/01/2051 | $1500 | $1535 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | 800 | 880 |
|  |  | 2415 |
| **ARIZONA 0.3%**  |  |  |
| **Pinal County School District No 20 Maricopa, Arizona General Obligation Bonds, (BAM Insured), Series 2025** <br>5.000% due 07/01/2041 | 725 | 792 |
| **CALIFORNIA 83.3%**  |  |  |
| **Acalanes Union High School District, California General Obligation Bonds, Series 2010** <br>6.250% due 08/01/2035 | 250 | 283 |
| **Alameda Corridor Transportation Authority, California Revenue Bonds, Series 2022** <br>0.000% due 10/01/2047 (b) | 2000 | 1137 |
| **Alameda County, California Joint Powers Authority Revenue Notes, Series 2023** <br>5.000% due 12/01/2032 | 1000 | 1173 |
| **Anaheim City School District, California General Obligation Bonds, (AGM/CR/NPFGC Insured), Series 2007** <br>0.000% due 08/01/2030 (a) | 385 | 338 |
| **Anaheim Housing & Public Improvements Authority, California Revenue Bonds, Series 2022** <br>5.000% due 10/01/2036 | 545 | 568 |
| **Antelope Valley Community College District, California General Obligation Bonds, Series 2022**  |  |  |
| 0.000% due 08/01/2036 (a)  | 225 | 147 |
| 0.000% due 08/01/2037 (a)  | 1150 | 708 |
| 0.000% due 08/01/2038 (a)  | 1755 | 1016 |
| 0.000% due 08/01/2039 (a)  | 1750 | 953 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2021** <br>3.770% (MUNIPSA) due 04/01/2056 ~ | 1200 | 1198 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2023** <br>1.700% due 04/01/2055 | 2500 | 2500 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2024** <br>1.700% due 04/01/2059 | 5000 | 5000 |
| **Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Bonds, (AGM Insured), Series 2024** <br>4.250% due 07/01/2043 | 2000 | 1960 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2021** <br>4.000% due 02/01/2052 | 2000 | 2029 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 02/01/2054  | 3800 | 4045 |
| 5.250% due 01/01/2054  | 1000 | 1063 |
| 5.250% due 11/01/2054  | 1750 | 1860 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2054  | 1000 | 1072 |
| 5.000% due 02/01/2055  | 3300 | 3576 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 10/01/2055  | 2000 | 2075 |
| 5.000% due 01/01/2056  | 4365 | 4602 |
| 5.000% due 03/01/2056  | 2000 | 2178 |
| **California Community Choice Financing Authority Revenue Notes, Series 2025** <br>5.000% due 12/01/2035 | 5900 | 6479 |
| **California Educational Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 04/01/2038 | 1000 | 1156 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2016** <br>4.000% due 08/15/2036 | 1500 | 1503 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2017**  |  |  |
| 4.000% due 11/01/2038  | 1500 | 1507 |
| 5.000% due 11/15/2032  | 350 | 368 |
| 5.000% due 02/01/2035  | 250 | 256 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2020** <br>4.000% due 04/01/2036 | 1650 | 1690 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2021** <br>4.000% due 11/01/2032 | 1000 | 1082 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2024** <br>5.250% due 12/01/2040 | 2500 | 2741 |
| **California Health Facilities Financing Authority Revenue Notes, Series 2025**  |  |  |
| 5.000% due 08/15/2035  | 2000 | 2442 |
| 5.000% due 12/01/2035  | 1000 | 1136 |
| **California Housing Finance Agency Revenue Bonds, (FHLMC Insured), Series 2021** <br>3.750% due 03/25/2035 | 1880 | 1905 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **California Housing Finance Agency Revenue Bonds, (HUD Insured), Series 2024** <br>5.970% due 11/01/2053 | 2000 | 2015 |
| **California Housing Finance Agency Revenue Bonds, Series 2021** <br>3.500% due 11/20/2035 | 3379 | 3350 |
| **California Housing Finance Agency Revenue Bonds, Series 2025**  |  |  |
| 2.950% due 06/01/2046  | 2750 | 2762 |
| 3.250% due 06/01/2055  | 2000 | 2007 |
| **California Housing Finance Agency Revenue Notes, Series 2024** <br>2.500% due 12/01/2027 | 1900 | 1900 |
| **California Housing Finance Revenue Bonds, (FNMA Insured), Series 2019** <br>2.350% due 12/01/2035 | 2471 | 2209 |
| **California Housing Finance Revenue Bonds, Series 2024**  |  |  |
| 5.700% due 06/01/2054  | 1750 | 1747 |
| 6.000% due 03/01/2053  | 2000 | 2033 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2024** <br>5.000% due 06/01/2039 | 500 | 579 |
| **California Municipal Finance Authority Certificates of Participation Bonds, (AGM Insured), Series 2022** <br>5.250% due 11/01/2036 | 1100 | 1130 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured), Series 2024** <br>4.000% due 10/01/2039 | 1250 | 1277 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.700% due 07/01/2041 | 1200 | 1259 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured),Series 2024** <br>4.450% due 12/01/2042 | 1800 | 1816 |
| **California Municipal Finance Authority Revenue Bonds, Series 2009** <br>3.300% due 02/01/2039 | 2000 | 2000 |
| **California Municipal Finance Authority Revenue Bonds, Series 2020** <br>3.450% due 10/01/2045 | 1500 | 1500 |
| **California Municipal Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 3.450% due 07/01/2041  | 1600 | 1600 |
| 4.000% due 11/01/2036  | 1000 | 959 |
| 4.000% due 09/01/2040 (d)  | 1500 | 1384 |
| **California Municipal Finance Authority Revenue Bonds, Series 2023** <br>4.375% due 09/01/2053 | 1000 | 1041 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 12/01/2038  | 400 | 453 |
| 5.000% due 09/01/2054  | 500 | 515 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 2.950% due 01/01/2056  | 1800 | 1800 |
| 3.536% due 02/20/2041  | 1987 | 1758 |
| 4.217% due 11/20/2040  | 3496 | 3504 |
| **California Municipal Finance Authority Revenue Notes, Series 2024** <br>5.000% due 05/01/2034 | 270 | 280 |
| **California Municipal Finance Authority Special Tax Bonds, Series 2024** <br>5.000% due 09/01/2044 | 625 | 640 |
| **California Municipal Finance Authority Special Tax Bonds, Series 2025**  |  |  |
| 5.000% due 09/01/2040  | 1745 | 1809 |
| 5.000% due 09/01/2045  | 935 | 943 |
| **California Municipal Finance Authority Special Tax Notes, Series 2025** <br>4.625% due 09/01/2035 | 500 | 511 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2015** <br>3.450% due 11/01/2040 | 2000 | 2002 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2017** <br>3.450% due 11/01/2042 | 4000 | 4000 |
| **California Pollution Control Financing Authority Revenue Notes, Series 2019** <br>5.000% due 07/01/2029 | 855 | 881 |
| **California Public Finance Authority Revenue Bonds, Series 2022** <br>4.000% due 07/15/2038 | 1500 | 1564 |
| **California School Finance Authority Revenue Bonds, Series 2020** <br>4.000% due 07/01/2034 | 300 | 315 |
| **California School Finance Authority Revenue Notes, Series 2016** <br>5.000% due 06/01/2026 | 120 | 120 |
| **California School Finance Authority Revenue Notes, Series 2020** <br>4.000% due 07/01/2029 | 250 | 261 |
| **California State General Obligation Bonds, Series 2015** <br>3.875% due 12/01/2030 | 1500 | 1500 |
| **California State General Obligation Bonds, Series 2016** <br>4.000% due 09/01/2034 | 1800 | 1811 |
| **California State General Obligation Bonds, Series 2025** <br>3.600% due 12/01/2035 | 560 | 581 |
| **California State General Obligation Notes, Series 2020** <br>4.000% due 11/01/2030 | 245 | 263 |
| **California State General Obligation Notes, Series 2024** <br>3.100% due 12/01/2033 | 300 | 305 |
| **California State Public Works Board Revenue Bonds, Series 2025** <br>5.000% due 11/01/2043 | 2000 | 2215 |
| **California State Public Works Board Revenue Notes, Series 2017** <br>5.000% due 10/01/2027 | 220 | 230 |
| **California State Public Works Board Revenue Notes, Series 2022** <br>5.000% due 08/01/2032 | 225 | 255 |
| **California State University Revenue Bonds, Series 2016** <br>0.550% due 11/01/2049 | 1000 | 980 |
| **California State University Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2042  | 500 | 564 |
| 5.250% due 11/01/2050  | 500 | 544 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2018** <br>5.000% due 07/01/2031 | 600 | 638 |
| **California Statewide Communities Development Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.250% due 09/01/2067 | 1750 | 1819 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2003** <br>5.000% due 05/01/2033 | 300 | 327 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2016**  |  |  |
| 5.000% due 05/15/2027  | 1000 | 1007 |
| 5.000% due 05/15/2032  | 500 | 503 |
| 5.250% due 12/01/2056  | 1100 | 1101 |
| **California Statewide Communities Development Authority Revenue Notes, Series 2016** <br>5.000% due 05/15/2026 | 1000 | 1007 |
| **California Statewide Communities Development Authority Revenue Notes, Series 2025** <br>5.000% due 10/01/2035 | 2100 | 2467 |
| **California Statewide Communities Development Authority Special Assessment Bonds, Series 2024** <br>5.000% due 09/02/2044 | 1175 | 1222 |
| **Central Unified School District, California Certificates of Participation Bonds, (BAM Insured), Series 2019** <br>5.000% due 08/01/2032 | 250 | 259 |
| **Central Unified School District, California Certificates of Participation Notes, (BAM Insured), Series 2025** <br>5.000% due 08/01/2034 | 325 | 374 |
| **Chabot-Las Positas Community College District, California General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2039 | 125 | 143 |
| **Chino Valley Unified School District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2040 (a) | 3475 | 1883 |
| **Compton Unified School District, California General Obligation Bonds, (BAM Insured), Series 2019** <br>0.000% due 06/01/2037 (a) | 3515 | 2179 |
| **Corona Community Facilities District, California Special Tax Bonds, Series 2024** <br>5.000% due 09/01/2035 | 100 | 109 |
| **Corona Community Facilities District, California Special Tax Notes, Series 2024**  |  |  |
| 5.000% due 09/01/2032  | 135 | 147 |
| 5.000% due 09/01/2033  | 155 | 169 |
| 5.000% due 09/01/2034  | 100 | 109 |
| **Escondido, California General Obligation Bonds, Series 2015** <br>5.000% due 09/01/2036 | 500 | 501 |
| **Folsom Cordova Unified School District, California General Obligation Bonds, (AGM Insured), Series 2019** <br>4.000% due 10/01/2044 | 1000 | 995 |
| **Folsom Redevelopment Agency Successor Agency, California Tax Allocation Bonds, (BAM Insured), Series 2016** <br>4.000% due 08/01/2028 | 905 | 912 |
| **Gilroy Unified School District, California Certificates of Participation Notes, (BAM Insured), Series 2016** <br>4.000% due 04/01/2026 | 330 | 331 |
| **Glendale, California Electric Revenue Bonds, Series 2016** <br>5.000% due 02/01/2030 | 475 | 476 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 3.487% due 06/01/2036  | 1000 | 850 |
| 3.714% due 06/01/2041  | 1000 | 778 |
| 3.850% due 06/01/2050  | 915 | 837 |
| **Hacienda, Louisiana Puente Unified School District, California Certificates of Participation Bonds, (AGM Insured), Series 2021** <br>4.000% due 06/01/2033 | 295 | 315 |
| **Huntington Beach Union High School District, California Certificates of Participation Bonds, (AGM Insured), Series 2007** <br>0.000% due 09/01/2032 (a) | 1565 | 1291 |
| **Irvine Unified School District, California Special Tax Notes, (BAM Insured),Series 2024** <br>5.000% due 09/01/2033 | 500 | 585 |
| **Irvine, California Special Assessment Bonds, Series 2004** <br>2.000% due 09/02/2029 | 2000 | 2000 |
| **Irvine, California Special Tax Bonds, (AGM Insured),Series 2025**  |  |  |
| 5.000% due 09/01/2037  | 325 | 378 |
| 5.000% due 09/01/2038  | 250 | 288 |
| 5.000% due 09/01/2039  | 250 | 286 |
| 5.000% due 09/01/2041  | 225 | 252 |
| 5.000% due 09/01/2042  | 350 | 387 |
| **Jefferson School District/San Joaquin County, California General Obligation Bonds, (BAM Insured), Series 2022** <br>4.000% due 08/01/2034 | 350 | 373 |
| **Kern Community College District, California General Obligation Bonds, (AGM Insured), Series 2006** <br>0.000% due 11/01/2028 (a) | 500 | 462 |
| **Lancaster County Hospital Authority, California Revenue Notes, (BAM Insured), Series 2024** <br>5.000% due 05/01/2033 | 425 | 494 |
| **Lincoln, California Special Tax Bonds, Series 2025** <br>5.000% due 09/01/2045 | 615 | 622 |
| **Long Beach Unified School District, California General Obligation Bonds, Series 2015** <br>0.000% due 08/01/2037 (a) | 1750 | 1070 |
| **Long Beach, California Harbor Revenue Notes, Series 2017** <br>5.000% due 05/15/2027 | 1000 | 1029 |
| **Long Beach, California Senior Airport Revenue Refunding Bonds, (AGM Insured), Series 2022** <br>5.000% due 06/01/2036 | 1000 | 1137 |
| **Los Angeles County, California Development Authority Revenue Bonds, Series 2025** <br>3.350% due 09/01/2059 | 900 | 910 |
| **Los Angeles County, California Housing Development Authority, Revenue Bonds, (HUD Insured), Series 2023** <br>3.375% due 01/01/2046 | 1000 | 1000 |
| **Los Angeles County, California Public Works Financing Authority Revenue Bonds, Series 2022** <br>5.000% due 12/01/2042 | 1500 | 1621 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 05/15/2032  | 920 | 943 |
| 5.000% due 05/15/2041  | 1000 | 1003 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2018** <br>5.000% due 05/15/2031 | 1500 | 1597 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2022** <br>4.000% due 05/15/2041 | 2000 | 1950 |
| **Los Angeles Department of Airports, California Revenue Notes, Series 2017** <br>5.000% due 05/15/2027 | 1000 | 1008 |
| **Los Angeles Housing Authority, California Revenue Bonds, (FNMA Insured), Series 2024** <br>4.500% due 07/01/2046 | 1200 | 1174 |
| **Los Angeles Housing Authority, California Revenue Bonds, Series 2025** <br>3.000% due 01/01/2046 | 3000 | 3009 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2023** <br>5.000% due 07/01/2038 | 1000 | 1156 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2022** <br>5.000% due 07/01/2031 | 1410 | 1621 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2023** <br>5.000% due 07/01/2031 | 500 | 575 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2024** <br>5.000% due 07/01/2026 | 1500 | 1521 |
| **Lynwood Unified School District, California Certificates of Participation Bonds, (AGM Insured), Series 2016** <br>5.000% due 10/01/2028 | 375 | 378 |
| **Mill Valley School District, California General Obligation Bonds, Series 2024** <br>4.000% due 08/01/2044 | 1000 | 1003 |
| **Mountain House Community Facilities District, California Special Tax Notes, Series 2025** <br>4.250% due 09/01/2035 | 400 | 406 |
| **Mountain View-Whisman School District, California General Obligation Bonds, Series 2022** <br>4.000% due 09/01/2039 | 1000 | 1036 |
| **Municipal Improvement Corp. of Los Angeles, California Revenue Bonds, Series 2016** <br>4.000% due 11/01/2033 | 345 | 347 |
| **Municipal Improvement Corp. of Los Angeles, California Revenue Notes, Series 2025** <br>5.000% due 05/01/2035 | 5750 | 6824 |
| **Napa Valley Unified School District, California General Obligation Bonds, Series 2025** <br>4.500% due 08/01/2055 | 1000 | 1007 |
| **Nipomo Community Services District, California Certificates of Participation Bonds, Series 2022** <br>4.000% due 06/01/2036 | 405 | 425 |
| **Northern California Gas Authority, Revenue Bonds, Series 2007** <br>3.565% (US0003M + 0.720%) due 07/01/2027 ~ | 615 | 616 |
| **Ontario Public Financing Authority, California Revenue Bonds, (AGM Insured), Series 2022** <br>5.000% due 11/01/2035 | 500 | 575 |
| **Pasadena Unified School District, California General Obligation Bonds, Series 2016** <br>5.000% due 08/01/2029 | 250 | 254 |
| **Placentia-Yorba Linda Unified School District, California Certificates of Participation Bonds, (AGM Insured), Series 2016** <br>5.000% due 10/01/2027 | 445 | 446 |
| **Port of Los Angeles, California Revenue Notes, Series 2024** <br>5.000% due 08/01/2031 | 1000 | 1112 |
| **Regents of the University of California Medical Center Pooled Revenue Bonds, Series 2020**  |  |  |
| 1.700% due 05/15/2045  | 3255 | 3255 |
| 1.750% due 05/15/2045  | 2500 | 2500 |
| **Rialto Unified School District, California Certificates of Participation Bonds, (BAM Insured), Series 2024** <br>5.000% due 09/01/2037 | 350 | 401 |
| **Rio Bravo-Greeley Union School District, California General Obligation Bonds, (AGC Insured), Series 2008** <br>0.000% due 09/01/2029 (a) | 450 | 406 |
| **Rio Elementary School District Community Facilities District, California Special Tax Bonds, Series 2014** <br>3.250% due 09/01/2026 | 325 | 325 |
| **River Islands Public Financing Authority, California Special Tax Bonds, (AGM Insured), Series 2022** <br>5.000% due 09/01/2034 | 500 | 552 |
| **River Islands Public Financing Authority, California Special Tax Notes, (AGM Insured), Series 2022** <br>5.000% due 09/01/2032 | 535 | 594 |
| **Riverside Unified School District, California Special Tax Bonds, Series 2024**  |  |  |
| 5.000% due 09/01/2039  | 315 | 332 |
| 5.000% due 09/01/2044  | 480 | 493 |
| **Roseville, California Special Tax Bonds, Series 2025**  |  |  |
| 5.000% due 09/01/2040  | 400 | 416 |
| 5.000% due 09/01/2045  | 835 | 847 |
| **Sacramento County, California Airport System Revenue Bonds, Series 2024** <br>5.000% due 07/01/2049 | 2500 | 2654 |
| **Sacramento County, California Airport System Revenue Notes, Series 2018** <br>5.000% due 07/01/2028 | 750 | 788 |
| **San Bernardino Community College District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2034 | 335 | 341 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2021** <br>5.000% due 07/01/2034 | 2750 | 3004 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2023** <br>5.000% due 07/01/2039 | 1500 | 1635 |
| **San Diego County, California Water Authority Revenue Bonds, Series 2022** <br>5.000% due 05/01/2052 | 1130 | 1191 |
| **San Diego Housing Authority, Inc., California Revenue Bonds,(FHLMC Insured), Series 2024** <br>4.200% due 06/01/2040 | 2470 | 2492 |
| **San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2016** <br>5.000% due 08/01/2035 | 400 | 405 |
| **San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 08/01/2038  | 1610 | 1679 |
| 4.000% due 08/01/2045  | 1375 | 1361 |
| **San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2025** <br>5.000% due 10/15/2036 | 2500 | 2998 |
| **San Diego Public Facilities Financing Authority, California Revenue Notes, Series 2023** <br>5.000% due 10/15/2031 | 210 | 244 |
| **San Diego Public Facilities Financing Authority, California Revenue Notes, Series 2024** <br>5.000% due 10/15/2032 | 300 | 355 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **San Diego Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 07/01/2042 | 1640 | 1864 |
| **San Francisco Bay Area Rapid Transit District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2041 | 2000 | 2296 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 05/01/2038  | 1065 | 1111 |
| 5.000% due 05/01/2049  | 1040 | 1047 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2024** <br>5.000% due 05/01/2032 | 1000 | 1114 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2025** <br>5.000% due 05/01/2035 | 1560 | 1774 |
| **San Francisco, California City & County Certificates of Participation Bonds, Series 2021** <br>4.000% due 04/01/2034 | 1000 | 1038 |
| **San Francisco, California City & County Certificates of Participation Bonds, Series 2024** <br>5.000% due 04/01/2035 | 500 | 592 |
| **San Francisco, California City & County Public Utilities Commission Power Revenue Bonds, Series 2023** <br>5.000% due 11/01/2048 | 1250 | 1312 |
| **San Francisco, California Public Utilities Commission Water Revenue Bonds, Series 2016** <br>4.000% due 11/01/2039 | 1000 | 1001 |
| **San Joaquin Valley Clean Energy Authority, California Revenue Bonds, Series 2025** <br>5.500% due 01/01/2056 | 3300 | 3728 |
| **San Jose Financing Authority, California Revenue Notes, Series 2021** <br>4.000% due 10/01/2028 | 175 | 183 |
| **San Marcos Schools Financing Authority, California Special Tax Notes, Series 2024** <br>5.000% due 09/01/2033 | 400 | 468 |
| **San Marcos Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2041 | 700 | 796 |
| **Santa Ana Unified School District, California General Obligation Bonds, (NPFGC Insured), Series 2002** <br>0.000% due 08/01/2026 (a) | 380 | 374 |
| **Santa Clara Valley Water District, California Revenue Bonds, Series 2024** <br>5.000% due 06/01/2039 | 500 | 579 |
| **Santa Clarita Public Finance Authority, California Revenue Bonds, Series 2022** <br>5.000% due 12/01/2034 | 400 | 463 |
| **Santa Cruz City High School District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2042 | 1500 | 1498 |
| **Santa Cruz County, California Redevelopment Successor Agency Tax Allocation Bonds, (BAM Insured), Series 2025** <br>5.000% due 09/01/2036 | 300 | 362 |
| **Silicon Valley Clean Water, California Revenue Notes, Series 2021** <br>0.500% due 03/01/2026 | 2500 | 2490 |
| **Soledad Unified School District, California General Obligation Notes, (BAM Insured), Series 2024**  |  |  |
| 5.000% due 08/01/2032  | 200 | 230 |
| 5.000% due 08/01/2034  | 330 | 389 |
| **Southwestern Community College District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2042 | 1845 | 1847 |
| **Stanislaus Union School District, California General Obligation Notes, (BAM Insured), Series 2024** <br>5.000% due 08/01/2031 | 370 | 418 |
| **State Center Community College District, California General Obligation Bonds, Series 2022** <br>5.000% due 08/01/2040 | 500 | 556 |
| **Stockton Public Financing Authority, California Revenue Bonds, (BAM Insured), Series 2018** <br>5.000% due 10/01/2029 | 1000 | 1072 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019** <br>5.000% due 06/01/2034 | 500 | 529 |
| **University of California Revenue Bonds, Series 2013** <br>1.700% due 05/15/2048 | 5500 | 5500 |
| **Ventura Unified School District, California General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2039 | 360 | 402 |
| **Vista Joint Powers Financing Authority, California Revenue Notes, Series 2025** <br>5.000% due 05/01/2033 | 500 | 595 |
| **Washington Township Health Care District, California General Obligation Bonds, Series 2023** <br>5.250% due 08/01/2038 | 300 | 345 |
| **West Basin Municipal Water District, California Revenue Bonds, Series 2016** <br>5.000% due 08/01/2034 | 250 | 250 |
| **West Contra Costa Healthcare District, California Special Tax Notes, Series 2021** <br>5.000% due 07/01/2029 | 120 | 132 |
|  |  | 256170 |
| **COLORADO 0.8%**  |  |  |
| **Colorado State Certificates of Participation Bonds, Series 2024** <br>5.000% due 11/01/2049 | 2500 | 2605 |
| **FLORIDA 0.5%**  |  |  |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2019** <br>4.000% due 10/01/2035 | 1100 | 1116 |
| **Tampa, Florida Revenue Bonds, Series 2020** <br>0.000% due 09/01/2034 (a) | 650 | 471 |
|  |  | 1587 |
| **GEORGIA 0.2%**  |  |  |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023** <br>5.000% due 12/01/2053 | 700 | 749 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ILLINOIS 0.5%**  |  |  |
| **Chicago Park District, Illinois General Obligation Bonds, Series 2016** <br>5.000% due 01/01/2031 | 1000 | 1000 |
| **University of Illinois Revenue Notes, Series 2018** <br>5.000% due 04/01/2028 | 625 | 656 |
|  |  | 1656 |
| **KENTUCKY 0.0%**  |  |  |
| **Corbin Independent School District Finance Corp. Kentucky Revenue Notes, Series 2016** <br>3.000% due 02/01/2026 | 125 | 125 |
| **MICHIGAN 1.3%**  |  |  |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006** <br>3.445% (TSFR3M) due 07/01/2032 ~ | 1500 | 1496 |
| **Michigan Finance Authority Revenue Bonds, Series 2017** <br>5.000% due 12/01/2046 | 2500 | 2516 |
|  |  | 4012 |
| **MULTI-STATE 1.5%**  |  |  |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 2.250% due 09/25/2037  | 1454 | 1232 |
| 3.996% due 12/25/2036  | 1551 | 1556 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024** <br>3.427% due 11/25/2038 | 1775 | 1674 |
|  |  | 4462 |
| **NEW HAMPSHIRE 0.5%**  |  |  |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2024** <br>3.925% due 07/20/2039 | 1586 | 1551 |
| **NEW YORK 0.8%**  |  |  |
| **New York State Dormitory Authority Revenue Bonds, Series 2024** <br>5.000% due 03/15/2049 | 2500 | 2610 |
| **OHIO 0.4%**  |  |  |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2009** <br>4.750% due 06/01/2033 | 200 | 210 |
| **Ohio Water Development Authority Water Pollution Control Loan Fund Revenue Bonds, Series 2009** <br>4.750% due 06/01/2033 | 1000 | 1051 |
|  |  | 1261 |
| **PENNSYLVANIA 0.4%**  |  |  |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022** <br>5.500% due 06/30/2037 | 1000 | 1098 |
| **PUERTO RICO 1.6%**  |  |  |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.359% (US0003M + 0.520%) due 07/01/2029 ~ | 525 | 509 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2031 (a)  | 2000 | 1646 |
| 0.000% due 07/01/2046 (a)  | 1300 | 437 |
| 5.000% due 07/01/2058  | 1250 | 1205 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019** <br>4.550% due 07/01/2040 | 1000 | 1001 |
|  |  | 4798 |
| **TEXAS 0.4%**  |  |  |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2022** <br>5.000% due 11/15/2052 | 1000 | 1088 |
| Total Municipal Bonds & Notes (Cost $281,674) |  | 286979 |
| **U.S. GOVERNMENT AGENCIES 3.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.600% due 12/01/2040 | 1960 | 1793 |
| 3.660% due 01/01/2039 | 1942 | 1814 |
| 3.720% due 01/01/2041 | 1962 | 1820 |
| 3.850% due 02/01/2038 - 07/01/2041 | 4536 | 4268 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.850% due 08/01/2038 | 976 | 1016 |
| Total U.S. Government Agencies (Cost $10,509) |  | 10711 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.850% (c) | 132701 | 133 |
| Total Short-Term Instruments (Cost $133) |  | 133 |
| Total Investments in Securities (Cost $292,316) |  | 297823 |
| **INVESTMENTS IN AFFILIATES 2.5%**  |  |  |
| **SHORT-TERM INSTRUMENTS 2.5%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.5%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 806725 | 7858 |
| Total Short-Term Instruments (Cost $7,856) |  | 7858 |
| Total Investments in Affiliates (Cost $7,856) |  | 7858 |
| Total Investments 99.3% (Cost $300,172) |  | $305681 |
| Other Assets and Liabilities, net 0.7% |  | 2013 |
| Net Assets 100.0% |  | $307694 |

---

------

<br> Schedule of Investments PIMCO California Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **(a)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(b)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(c)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(d)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Coupon | Coupon | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date |  | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| California Municipal Finance Authority Revenue Bonds, Series 2021 | % | % | 09/01/2040 | 02/18/2025 | 02/18/2025 | $ | 1363 | 1384 | 0.45% |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Alabama | Alabama | $ | $0 | 0 | $2415 | 2415 | $0 | $2415 | 2415 |
| Arizona | Arizona |  | 0 | 0 | 792 | 792 | 0 | 792 | 792 |
| California | California |  | 0 | 0 | 256170 | 256170 | 0 | 256170 | 256170 |
| Colorado | Colorado |  | 0 | 0 | 2605 | 2605 | 0 | 2605 | 2605 |
| Florida | Florida |  | 0 | 0 | 1587 | 1587 | 0 | 1587 | 1587 |
| Georgia | Georgia |  | 0 | 0 | 749 | 749 | 0 | 749 | 749 |
| Illinois | Illinois |  | 0 | 0 | 1656 | 1656 | 0 | 1656 | 1656 |
| Kentucky | Kentucky |  | 0 | 0 | 125 | 125 | 0 | 125 | 125 |
| Michigan | Michigan |  | 0 | 0 | 4012 | 4012 | 0 | 4012 | 4012 |
| Multi-State | Multi-State |  | 0 | 0 | 4462 | 4462 | 0 | 4462 | 4462 |
| New Hampshire | New Hampshire |  | 0 | 0 | 1551 | 1551 | 0 | 1551 | 1551 |
| New York | New York |  | 0 | 0 | 2610 | 2610 | 0 | 2610 | 2610 |
| Ohio | Ohio |  | 0 | 0 | 1261 | 1261 | 0 | 1261 | 1261 |
| Pennsylvania | Pennsylvania |  | 0 | 0 | 1098 | 1098 | 0 | 1098 | 1098 |
| Puerto Rico | Puerto Rico |  | 0 | 0 | 4798 | 4798 | 0 | 4798 | 4798 |
| Texas | Texas |  | 0 | 0 | 1088 | 1088 | 0 | 1088 | 1088 |
| U.S. Government Agencies | U.S. Government Agencies |  | 0 | 0 | 10711 | 10711 | 0 | 10711 | 10711 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds |  | 0 | 0 | 133 | 133 | 0 | 133 | 133 |
|  |  | $ | $0 | 0 | $297823 | 297823 | $0 | $297823 | 297823 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $ | $7858 | 7858 | $0 | 0 | $0 | $7858 | 7858 |
| Total Investments | Total Investments | $ | $7858 | 7858 | $297823 | 297823 | $0 | $305681 | 305681 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO California Municipal Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 88.6% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.6%**  |  |  |
| **Bonnie Brae**<br>7.095% due 06/02/2059 «~ | $2800 | $2840 |
| Total Loan Participations and Assignments (Cost $2,800) |  | 2840 |
| **MUNICIPAL BONDS & NOTES 84.8%**  |  |  |
| **ARIZONA 0.4%**  |  |  |
| **Pinal County School District No 20 Maricopa, Arizona General Obligation Bonds, (BAM Insured), Series 2025**  |  |  |
| 5.000% due 07/01/2042  | 750 | 810 |
| 5.000% due 07/01/2044  | 1100 | 1166 |
|  |  | 1976 |
| **CALIFORNIA 79.2%**  |  |  |
| **Alameda Corridor Transportation Authority, California Revenue Bonds, (AGM Insured), Series 2024** <br>0.000% due 10/01/2053 (b) | 3800 | 1012 |
| **Alameda Corridor Transportation Authority, California Revenue Bonds, Series 2022** <br>5.400% due 10/01/2050 (c) | 3000 | 1693 |
| **Alhambra Unified School District, California General Obligation Bonds, Series 2022** <br>5.250% due 08/01/2047 | 1000 | 1076 |
| **Anaheim Housing & Public Improvements Authority, California Revenue Bonds, Series 2024** <br>2.000% due 10/01/2054 | 3445 | 3445 |
| **Anaheim Union High School District, California General Obligation Bonds, Series 2025** <br>4.375% due 08/01/2047 | 4000 | 4039 |
| **Antelope Valley Union High School, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2054 | 4000 | 4241 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2017**  |  |  |
| 2.950% due 04/01/2047  | 100 | 100 |
| 5.000% due 04/01/2056  | 250 | 259 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2023** <br>1.700% due 04/01/2055 | 6000 | 6000 |
| **Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Bonds, (AGM Insured), Series 2024** <br>4.125% due 07/01/2041 | 2000 | 1989 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 02/01/2054  | 600 | 639 |
| 5.250% due 01/01/2054  | 750 | 797 |
| 5.250% due 11/01/2054  | 1500 | 1594 |
| 5.500% due 10/01/2054  | 990 | 1081 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2054  | 5000 | 5362 |
| 5.000% due 01/01/2055  | 4000 | 4171 |
| 5.000% due 02/01/2055  | 5500 | 5960 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 10/01/2055  | 4000 | 4150 |
| 5.000% due 01/01/2056  | 4120 | 4344 |
| **California Community Housing Agency Revenue Bonds, Series 2021** <br>4.000% due 02/01/2056 | 1500 | 739 |
| **California Community Housing Agency Revenue Bonds, Series 2022** <br>4.500% due 08/01/2052 | 250 | 195 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 06/01/2049  | 1000 | 859 |
| 5.000% due 06/01/2050  | 1020 | 953 |
| **California Educational Facilities Authority Revenue Bonds, Series 2017** <br>5.000% due 04/01/2042 | 300 | 302 |
| **California Educational Facilities Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 04/01/2039  | 1500 | 1721 |
| 5.000% due 04/01/2041  | 760 | 854 |
| 5.000% due 10/01/2055  | 1500 | 1592 |
| **California Enterprise Development Authority Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 4700 | 4930 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2015** <br>5.000% due 08/15/2054 | 200 | 200 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2016**  |  |  |
| 4.000% due 08/15/2036  | 1250 | 1252 |
| 4.000% due 10/01/2036  | 1000 | 1001 |
| 4.000% due 11/15/2041  | 100 | 99 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2017** <br>4.000% due 11/01/2038 | 2500 | 2512 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2020** <br>4.000% due 04/01/2040 | 1000 | 1004 |

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------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **California Health Facilities Financing Authority Revenue Bonds, Series 2021** <br>4.000% due 11/01/2033 | 1000 | 1077 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2023** <br>1.750% due 03/01/2041 | 2500 | 2500 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2024** <br>5.000% due 11/15/2044 | 1500 | 1624 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 10/01/2050  | 4000 | 4405 |
| 5.250% due 08/15/2050  | 2500 | 2711 |
| **California Housing Finance Agency Revenue Bonds, (FHLMC Insured), Series 2024** <br>4.100% due 07/01/2040 | 1900 | 1919 |
| **California Housing Finance Agency Revenue Bonds, (FNMA Insured), Series 2024** <br>4.250% due 08/01/2041 | 2980 | 3019 |
| **California Housing Finance Agency Revenue Bonds, (HUD Insured), Series 2024** <br>5.970% due 11/01/2053 | 1750 | 1763 |
| **California Housing Finance Agency Revenue Bonds, Series 2021** <br>3.500% due 11/20/2035 | 4342 | 4304 |
| **California Housing Finance Agency Revenue Bonds, Series 2025** <br>3.250% due 06/01/2055 | 4000 | 4015 |
| **California Housing Finance Agency Revenue Notes, Series 2024** <br>2.500% due 12/01/2027 | 3000 | 3000 |
| **California Housing Finance Revenue Bonds, (FNMA Insured), Series 2019** <br>2.350% due 12/01/2035 | 225 | 201 |
| **California Housing Finance Revenue Bonds, Series 2019** <br>4.000% due 03/20/2033 | 640 | 656 |
| **California Housing Finance Revenue Bonds, Series 2024**  |  |  |
| 5.700% due 06/01/2054  | 1750 | 1747 |
| 6.000% due 03/01/2053  | 1500 | 1525 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 01/01/2060 (b)  | 4000 | 385 |
| 4.000% due 07/01/2050  | 1000 | 955 |
| 4.125% due 01/01/2035  | 430 | 416 |
| 5.000% due 01/01/2055  | 480 | 415 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 06/01/2039  | 2500 | 2894 |
| 5.125% due 07/01/2054  | 1000 | 926 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2025** <br>5.000% due 05/15/2042 | 2240 | 2514 |
| **California Municipal Finance Authority Certificates of Participation Bonds, (AGM Insured), Series 2022** <br>5.250% due 11/01/2035 | 1175 | 1216 |
| **California Municipal Finance Authority Revenue Bonds, (BAM Insured), Series 2021** <br>4.000% due 05/15/2046 | 300 | 283 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured), Series 2024** <br>4.000% due 10/01/2039 | 2000 | 2043 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.700% due 07/01/2041 | 2300 | 2413 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured),Series 2024** <br>4.450% due 12/01/2042 | 1900 | 1917 |
| **California Municipal Finance Authority Revenue Bonds, Series 2017** <br>5.000% due 01/01/2042 | 1750 | 1757 |
| **California Municipal Finance Authority Revenue Bonds, Series 2018**  |  |  |
| 4.000% due 12/31/2047  | 350 | 307 |
| 5.000% due 12/31/2043  | 1000 | 1005 |
| **California Municipal Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 3.450% due 07/01/2041  | 2800 | 2800 |
| 4.000% due 11/01/2036  | 1495 | 1433 |
| 4.000% due 09/01/2040 (d)  | 2610 | 2408 |
| 4.000% due 09/01/2050 (d)  | 1110 | 933 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024** <br>6.000% due 01/01/2039 | 1000 | 1044 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 3.536% due 02/20/2041  | 3478 | 3077 |
| 4.217% due 11/20/2040  | 3995 | 4003 |
| 5.125% due 11/01/2040  | 1350 | 1409 |
| **California Municipal Finance Authority Revenue Notes, Series 2025** <br>3.000% due 07/01/2031 | 2500 | 2508 |
| **California Municipal Finance Authority Special Tax Bonds, Series 2024**  |  |  |
| 5.000% due 09/01/2048  | 400 | 406 |
| 5.125% due 09/01/2054  | 500 | 507 |
| **California Municipal Finance Authority Special Tax Bonds, Series 2025**  |  |  |
| 5.000% due 09/01/2045  | 1305 | 1316 |
| 5.000% due 09/01/2050  | 1450 | 1453 |
| 5.000% due 09/01/2055  | 2100 | 2093 |
| 5.375% due 09/01/2050  | 920 | 956 |
| 5.375% due 09/01/2055  | 3680 | 3820 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2016** <br>4.750% due 11/01/2046 | 130 | 128 |
| **California Public Finance Authority Revenue Bonds, Series 2019** <br>6.250% due 07/01/2054 | 1750 | 1801 |
| **California Public Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 11/01/2054 | 2000 | 2015 |
| **California School Finance Authority Revenue Bonds, Series 2016**  |  |  |
| 4.500% due 06/01/2031 ^(a)  | 250 | 150 |
| 5.000% due 06/01/2046  | 300 | 281 |
| 5.000% due 08/01/2046  | 1825 | 1772 |

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------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **California School Finance Authority Revenue Bonds, Series 2017** <br>5.000% due 07/01/2047 | 1115 | 1113 |
| **California School Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 07/01/2064 | 1000 | 955 |
| **California State General Obligation Bonds, Series 2015** <br>3.875% due 12/01/2030 | 1000 | 1000 |
| **California State General Obligation Bonds, Series 2016** <br>4.000% due 09/01/2034 | 2905 | 2922 |
| **California State General Obligation Bonds, Series 2017** <br>4.000% due 11/01/2047 | 275 | 264 |
| **California State General Obligation Bonds, Series 2023** <br>4.000% due 09/01/2043 | 500 | 503 |
| **California State General Obligation Bonds, Series 2025** <br>5.000% due 03/01/2049 | 3800 | 4073 |
| **California State Public Works Board Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2043  | 2000 | 2215 |
| 5.000% due 11/01/2044  | 3000 | 3294 |
| 5.000% due 04/01/2046  | 3000 | 3230 |
| **California State University Revenue Bonds, Series 2025** <br>5.250% due 11/01/2050 | 6000 | 6525 |
| **California Statewide Communities Development Authority Revenue Bonds, (AGM Insured), Series 2022** <br>5.375% due 08/15/2057 | 700 | 720 |
| **California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2021** <br>4.000% due 11/01/2051 | 2250 | 2120 |
| **California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2025** <br>5.000% due 07/01/2050 | 2965 | 3119 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2009** <br>5.000% due 04/01/2046 | 2000 | 2179 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2016**  |  |  |
| 5.000% due 05/15/2033  | 1500 | 1510 |
| 5.000% due 06/01/2046  | 100 | 96 |
| 5.000% due 12/01/2046  | 550 | 550 |
| 5.250% due 12/01/2056  | 1000 | 1001 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 12/01/2053  | 1100 | 1103 |
| 5.000% due 12/01/2057  | 100 | 100 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2019** <br>4.250% due 11/01/2059 | 1455 | 1288 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2024** <br>5.250% due 12/01/2044 | 2000 | 2174 |
| **California Statewide Communities Development Authority Special Assessment Bonds, Series 2024** <br>5.000% due 09/02/2044 | 2000 | 2080 |
| **California Statewide Communities Development Authority Special Tax Bonds, Series 2025**  |  |  |
| 4.500% due 09/02/2045  | 1050 | 1029 |
| 4.750% due 09/02/2040  | 1285 | 1335 |
| **Central Unified School District, California Certificates of Participation Bonds, (BAM Insured), Series 2025** <br>5.250% due 08/01/2054 | 2100 | 2207 |
| **Central Unified School District, California General Obligation Bonds, Series 2021** <br>0.000% due 08/01/2034 (b) | 265 | 199 |
| **Chabot-Las Positas Community College District, California General Obligation Bonds, Series 2023** <br>5.250% due 08/01/2048 | 1000 | 1074 |
| **Chaffey Joint Union High School District, California General Obligation Bonds, Series 2019** <br>4.000% due 08/01/2049 | 1200 | 1148 |
| **Chino Valley Unified School District, California General Obligation Bonds, Series 2020** <br>5.000% due 08/01/2055 | 1000 | 1029 |
| **Citrus Community College District, California General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2049 | 3000 | 3188 |
| **Clovis Unified School District, California General Obligation Bonds, Series 2022** <br>5.250% due 08/01/2041 | 600 | 650 |
| **Clovis Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2050 | 4000 | 4212 |
| **CMFA Special Finance Agency VIII, California Revenue Bonds, Series 2021** <br>4.000% due 08/01/2047 | 435 | 398 |
| **CMFA Special Finance Agency, California Revenue Bonds, Series 2021** <br>4.000% due 08/01/2045 | 1235 | 1091 |
| **Corona Community Facilities District, California Special Tax Bonds, Series 2024** <br>5.000% due 09/01/2039 | 500 | 538 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2021**  |  |  |
| 3.000% due 02/01/2057  | 500 | 344 |
| 3.400% due 10/01/2046  | 495 | 391 |
| 4.000% due 02/01/2057  | 500 | 372 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2022** <br>4.750% due 09/01/2062 (c) | 1000 | 658 |
| **Dublin Unified School District, California General Obligation Bonds, Series 2023** <br>4.125% due 08/01/2049 | 3965 | 3890 |
| **East Bay Municipal Utility District Water System, California Revenue Bonds, Series 2025** <br>5.000% due 06/01/2045 | 1000 | 1109 |
| **East Bay Municipal Utility District Water System, California Revenue Notes, Series 2025** <br>5.000% due 06/01/2027 | 3500 | 3645 |
| **Eastern Municipal Water District, California Revenue Bonds, Series 2018** <br>1.550% due 07/01/2046 | 2500 | 2500 |
| **Elk Grove Finance Authority, California Special Tax Bonds, Series 2016** <br>5.000% due 09/01/2046 | 1000 | 1002 |
| **Fontana Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2045 | 1750 | 1917 |

---

------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Fresno Unified School District, California General Obligation Bonds, Series 2024** <br>4.000% due 08/01/2049 | 1575 | 1482 |
| **Garden Grove Public Financing Authority, California Revenue Bonds, (BAM Insured), Series 2024** <br>5.000% due 04/01/2049 | 2500 | 2637 |
| **Glendale Community College District, California General Obligation Bonds, Series 2020** <br>4.000% due 08/01/2050 | 880 | 832 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2018** <br>5.000% due 06/01/2030 | 200 | 213 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 06/01/2066 (b)  | 7500 | 735 |
| 2.746% due 06/01/2034  | 655 | 583 |
| 3.487% due 06/01/2036  | 1625 | 1381 |
| 3.714% due 06/01/2041  | 1500 | 1168 |
| 3.850% due 06/01/2050  | 430 | 393 |
| 4.214% due 06/01/2050  | 200 | 146 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022** <br>5.000% due 06/01/2051 | 5100 | 5038 |
| **Golden Valley Unified School District, California General Obligation Bonds, (BAM Insured), Series 2017** <br>0.000% due 08/01/2031 (b) | 500 | 417 |
| **Golden Valley Unified School District, California General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2049 | 3000 | 3200 |
| **Hartnell Community College District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2042 | 250 | 250 |
| **Hastings Campus Housing Finance Authority, California Revenue Bonds, Series 2020**  |  |  |
| 5.000% due 07/01/2045  | 350 | 335 |
| 5.000% due 07/01/2061  | 1500 | 1352 |
| **Imperial Irrigation District Electric System, California Revenue Bonds, Series 2017** <br>4.000% due 11/01/2041 | 150 | 151 |
| **Indio Finance Authority, California Revenue Bonds, (BAM Insured), Series 2022** <br>4.500% due 11/01/2052 | 750 | 761 |
| **Inland Empire Tobacco Securitization Corp. California Revenue Bonds, Series 2019** <br>3.678% due 06/01/2038 | 230 | 223 |
| **Irvine Facilities Financing Authority, California Special Tax Bonds, (BAM Insured), Series 2023** <br>4.000% due 09/01/2058 | 1000 | 917 |
| **Irvine Unified School District, California General Obligation Bonds, Series 2018** <br>4.000% due 09/01/2045 | 250 | 245 |
| **Irvine, California Special Assessment Bonds, Series 2004** <br>2.000% due 09/02/2029 | 3500 | 3500 |
| **Irvine, California Special Assessment Bonds, Series 2012** <br>5.000% due 09/02/2026 | 100 | 100 |
| **Irvine, California Special Assessment Bonds, Series 2015** <br>5.000% due 09/02/2026 | 1495 | 1518 |
| **Irvine, California Special Tax Bonds, (AGM Insured),Series 2025** <br>5.000% due 09/01/2055 | 3500 | 3649 |
| **Lawndale Elementary School District, California General Obligation Bonds, Series 2018** <br>5.000% due 08/01/2048 | 1000 | 1007 |
| **Lincoln, California Special Tax Bonds, Series 2025** <br>5.000% due 09/01/2055 | 775 | 771 |
| **Lompoc Unified School District, California General Obligation Bonds, Series 2025**  |  |  |
| 5.250% due 08/01/2050  | 825 | 900 |
| 5.250% due 08/01/2054  | 1050 | 1141 |
| **Long Beach Bond Finance Authority, California General Obligation Bonds, Series 2023** <br>4.000% due 08/01/2050 | 1500 | 1429 |
| **Long Beach Bond Finance Authority, California Revenue Bonds, Series 2007** <br>5.000% due 11/15/2035 | 120 | 137 |
| **Long Beach Unified School District, California General Obligation Bonds, Series 2015** <br>0.000% due 08/01/2037 (b) | 1620 | 990 |
| **Los Angeles Community College District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2037 | 200 | 202 |
| **Los Angeles Community College District, California General Obligation Notes, Series 2024** <br>5.000% due 08/01/2032 | 2000 | 2354 |
| **Los Angeles County, California Development Authority Revenue Bonds, Series 2025** <br>3.350% due 09/01/2059 | 1700 | 1720 |
| **Los Angeles County, California Public Works Financing Authority Revenue Bonds, Series 2021** <br>4.000% due 12/01/2046 | 1385 | 1348 |
| **Los Angeles County, California Sanitation Districts Financing Authority Revenue Bonds, Series 2016** <br>4.000% due 10/01/2042 | 250 | 250 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2017** <br>5.000% due 05/15/2041 | 750 | 752 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2020** <br>5.000% due 05/15/2037 | 690 | 749 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 05/15/2048  | 1000 | 957 |
| 5.500% due 05/15/2035  | 2000 | 2261 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2025** <br>5.000% due 05/15/2050 | 3500 | 3705 |
| **Los Angeles Housing Authority, California Revenue Bonds, (FNMA Insured), Series 2024** <br>4.500% due 07/01/2046 | 1800 | 1761 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2022** <br>5.000% due 07/01/2041 | 1000 | 1107 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2024** <br>5.000% due 07/01/2035 | 2500 | 3026 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 07/01/2042 | 1015 | 1140 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2024** <br>5.000% due 07/01/2034 | 1500 | 1811 |

---

------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **M-S-R Energy Authority, California Revenue Bonds, Series 2009**  |  |  |
| 6.125% due 11/01/2029  | 35 | 37 |
| 7.000% due 11/01/2034  | 200 | 244 |
| **Marin Community College District, California General Obligation Bonds, Series 2019** <br>4.000% due 08/01/2039 | 250 | 255 |
| **Menifee Union School District, California General Obligation Bonds, Series 2023** <br>4.000% due 08/01/2046 | 1000 | 982 |
| **Menlo Park Community Development Agency Successor Agency, California Tax Allocation Bonds, (AGM Insured), Series 2015** <br>5.000% due 10/01/2027 | 1230 | 1233 |
| **Mill Valley School District, California General Obligation Bonds, Series 2024** <br>4.000% due 08/01/2045 | 1355 | 1351 |
| **Monterey Peninsula Community College District, California General Obligation Bonds, Series 2024** <br>4.000% due 08/01/2051 | 1000 | 956 |
| **Monterey Peninsula Unified School District, California General Obligation Bonds, Series 2016** <br>4.000% due 08/01/2041 | 1000 | 1001 |
| **Mount Diablo Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2042 | 750 | 839 |
| **Mount San Antonio Community College District, California General Obligation Bonds, Series 2019** <br>4.000% due 08/01/2049 | 2550 | 2436 |
| **Mount San Jacinto Community College District, California General Obligation Bonds, Series 2018** <br>4.000% due 08/01/2043 | 200 | 200 |
| **Mountain House Community Facilities District, California Special Tax Bonds, Series 2025** <br>5.000% due 09/01/2055 | 2000 | 2004 |
| **Mountain View-Whisman School District, California General Obligation Bonds, Series 2022** <br>5.000% due 09/01/2034 | 200 | 225 |
| **Napa Valley Community College District, California General Obligation Bonds, Series 2018** <br>4.000% due 08/01/2032 | 250 | 250 |
| **Napa Valley Unified School District, California General Obligation Bonds, Series 2025** <br>4.500% due 08/01/2055 | 2000 | 2014 |
| **Norris School District, California General Obligation Bonds, Series 2012** <br>5.200% due 11/01/2040 | 250 | 259 |
| **Northern California Gas Authority, Revenue Bonds, Series 2007** <br>3.565% (US0003M + 0.720%) due 07/01/2027 ~ | 135 | 135 |
| **Ontario International Airport Authority, California Revenue Bonds, (AGM Insured), Series 2021**  |  |  |
| 4.000% due 05/15/2036  | 1050 | 1074 |
| 4.000% due 05/15/2051  | 1500 | 1405 |
| **Orange County, California Community Facilities District Special Tax Bonds, Series 2022** <br>5.000% due 08/15/2047 | 1090 | 1111 |
| **Palm Springs Unified School District, California General Obligation Bonds, Series 2024** <br>4.000% due 08/01/2049 | 1000 | 965 |
| **Rancho Cordova, California Special Tax Bonds, Series 2025** <br>5.000% due 09/01/2050 | 850 | 858 |
| **Redondo Beach Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2050 | 2250 | 2399 |
| **Rio Hondo Community College District, California General Obligation Bonds, Series 2025** <br>4.375% due 08/01/2055 | 2250 | 2249 |
| **River Islands Public Financing Authority, California Special Tax Bonds, (AGM Insured), Series 2022** <br>4.250% due 09/01/2047 | 1000 | 978 |
| **River Islands Public Financing Authority, California Special Tax Bonds, Series 2024** <br>5.000% due 09/01/2054 | 1500 | 1492 |
| **River Islands Public Financing Authority, California Special Tax Bonds, Series 2025** <br>4.500% due 09/01/2040 | 1900 | 1912 |
| **Riverside County Transportation Commission Sales Tax Revenue Bonds, Series 2017** <br>5.000% due 06/01/2035 | 215 | 226 |
| **Riverside Unified School District, California Special Tax Bonds, Series 2024** <br>5.000% due 09/01/2049 | 730 | 741 |
| **Riverside, California Sewer Revenue Bonds, Series 2018** <br>4.000% due 08/01/2038 | 250 | 254 |
| **Roseville, California Special Tax Bonds, Series 2017** <br>5.000% due 09/01/2033 | 500 | 513 |
| **Roseville, California Special Tax Bonds, Series 2025** <br>5.000% due 09/01/2050 | 1250 | 1255 |
| **Sacramento County, California Airport System Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 07/01/2040  | 1600 | 1808 |
| 5.000% due 07/01/2041  | 500 | 557 |
| **Sacramento County, California Special Tax Bonds, Series 2022** <br>5.000% due 09/01/2047 | 1000 | 1009 |
| **Sacramento County, California Water Financing Authority Revenue Bonds, (NPFGC Insured), Series 2007** <br>3.266% (US0003M + 0.550%) due 06/01/2034 ~ | 480 | 470 |
| **Sacramento, California Special Tax Bonds, Series 2021**  |  |  |
| 4.000% due 09/01/2035  | 600 | 611 |
| 4.000% due 09/01/2050  | 750 | 661 |
| **San Diego County, California Certificates of Participation Bonds, Series 2023** <br>5.000% due 10/01/2048 | 1500 | 1582 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 07/01/2046  | 1000 | 950 |
| 5.000% due 07/01/2056  | 3100 | 3135 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2023** <br>5.250% due 07/01/2058 | 1700 | 1762 |
| **San Diego County, California Water Authority Revenue Bonds, Series 2022** <br>5.000% due 05/01/2052 | 1500 | 1581 |
| **San Diego Housing Authority, Inc., California Revenue Bonds,(FHLMC Insured), Series 2024** <br>4.200% due 06/01/2040 | 2470 | 2492 |
| **San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2020** <br>4.000% due 08/01/2045 | 1625 | 1609 |

---

------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **San Diego Unified School District, California General Obligation Bonds, Series 2017**  |  |  |
| 0.000% due 07/01/2034 (b)  | 550 | 401 |
| 4.000% due 07/01/2047  | 400 | 380 |
| **San Diego Unified School District, California General Obligation Bonds, Series 2023** <br>5.000% due 07/01/2048 | 1000 | 1068 |
| **San Diego Unified School District, California General Obligation Bonds, Series 2024**  |  |  |
| 4.000% due 07/01/2054  | 2500 | 2355 |
| 5.000% due 07/01/2041  | 1000 | 1136 |
| **San Diego Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 07/01/2043 | 2000 | 2248 |
| **San Francisco Bay Area Rapid Transit District, California General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2042 | 3505 | 3979 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2018** <br>1.250% due 05/01/2058 | 3000 | 3000 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2019** <br>5.000% due 05/01/2049 | 960 | 966 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2024** <br>5.000% due 05/01/2040 | 2000 | 2263 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2024** <br>5.000% due 05/01/2034 | 2000 | 2262 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2025** <br>5.000% due 05/01/2035 | 3000 | 3412 |
| **San Francisco, California City & County Public Utilities Commission Power Revenue Bonds, Series 2023** <br>5.000% due 11/01/2048 | 1000 | 1050 |
| **San Francisco, California City & County Redevelopment Agency Tax Allocation Bonds, Series 2016** <br>5.000% due 08/01/2027 | 105 | 106 |
| **San Francisco, California City & County Revenue Bonds, (FNMA Insured), Series 2025** <br>5.000% due 02/01/2046 | 3000 | 3119 |
| **San Francisco, California Public Utilities Commission Water Revenue Bonds, Series 2016** <br>4.000% due 11/01/2039 | 1000 | 1001 |
| **San Francisco, California Public Utilities Commission Water Revenue Bonds, Series 2020** <br>5.000% due 11/01/2050 | 1000 | 1034 |
| **San Francisco, California Special Tax District, City & County Special Tax Notes, Series 2021** <br>4.000% due 09/01/2031 | 150 | 154 |
| **San Joaquin Valley Clean Energy Authority, California Revenue Bonds, Series 2025** <br>5.500% due 01/01/2056 | 5100 | 5762 |
| **San Marcos Unified School District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2038 | 500 | 506 |
| **San Marcos Unified School District, California General Obligation Bonds, Series 2025**  |  |  |
| 5.000% due 08/01/2044  | 650 | 716 |
| 5.000% due 08/01/2045  | 885 | 967 |
| **San Mateo County, California Transportation Authority Revenue Bonds, Series 2020** <br>1.550% due 06/01/2049 | 3350 | 3350 |
| **San Rafael City Elementary School District, California General Obligation Bonds, Series 2019** <br>4.000% due 08/01/2047 | 615 | 597 |
| **Santa Ana College Improvement District #1 Rancho Santiago Community College District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2041 | 200 | 201 |
| **Santa Cruz City High School District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2042 | 1910 | 1908 |
| **South San Francisco Unified School, California General Obligation Bonds, Series 2023** <br>4.000% due 09/01/2048 | 1000 | 968 |
| **Stockton Community Facilities District, California Special Tax Bonds, Series 2024**  |  |  |
| 5.000% due 09/01/2039  | 370 | 392 |
| 5.000% due 09/01/2049  | 525 | 523 |
| **Temple City Unified School District, California General Obligation Bonds, Series 2013** <br>6.170% due 08/01/2036 | 200 | 217 |
| **Tobacco Securitization Authority of Northern California Revenue Bonds, Series 2021** <br>0.000% due 06/01/2060 (b) | 8720 | 1369 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019** <br>0.000% due 06/01/2054 (b) | 4000 | 827 |
| **University of California Revenue Bonds, Series 2016** <br>4.000% due 05/15/2046 | 250 | 241 |
| **University of California Revenue Bonds, Series 2018** <br>4.000% due 05/15/2043 | 265 | 265 |
| **University of California Revenue Bonds, Series 2025** <br>5.000% due 05/15/2039 | 3100 | 3575 |
| **Upland, California Certificates of Participation Bonds, Series 2017** <br>4.000% due 01/01/2042 | 250 | 232 |
| **Val Verde Unified School District, California General Obligation Bonds, (AGM Insured), Series 2021** <br>4.000% due 08/01/2046 | 1575 | 1528 |
|  |  | 403352 |
| **GEORGIA 0.1%**  |  |  |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023** <br>5.000% due 12/01/2053 | 600 | 642 |
| **IOWA 0.1%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022** <br>4.000% due 12/01/2050 | 250 | 272 |
| **MULTI-STATE 1.2%**  |  |  |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 2.250% due 09/25/2037  | 1454 | 1232 |

---

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<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.996% due 12/25/2036  | 969 | 972 |
| 4.415% due 08/25/2040  | 1183 | 1197 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024** <br>3.427% due 11/25/2038 | 2762 | 2604 |
|  |  | 6005 |
| **NEW HAMPSHIRE 0.5%**  |  |  |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2024** <br>3.925% due 07/20/2039 | 2478 | 2424 |
| **NEW YORK 0.0%**  |  |  |
| **Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023** <br>4.720% due 01/01/2044 | 200 | 202 |
| **PUERTO RICO 2.5%**  |  |  |
| **Commonwealth of Puerto Rico Bonds, Series 2022**  |  |  |
| 0.000% due 11/01/2043  | 808 | 518 |
| 0.000% due 11/01/2051  | 1241 | 813 |
| **Commonwealth of Puerto Rico General Obligation Bonds, Series 2021** <br>4.000% due 07/01/2041 | 4250 | 3934 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.359% (US0003M + 0.520%) due 07/01/2029 ~ | 90 | 87 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2046 (b)  | 9500 | 3192 |
| 0.000% due 07/01/2051 (b)  | 12000 | 3017 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019** <br>4.329% due 07/01/2040 | 1500 | 1470 |
|  |  | 13031 |
| **TENNESSEE 0.2%**  |  |  |
| **Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021** <br>5.000% due 05/01/2052 | 1000 | 1069 |
| **TEXAS 0.6%**  |  |  |
| **Harris County, Texas Hospital District General Obligation Bonds, Series 2025** <br>5.000% due 02/15/2041 | 1450 | 1571 |
| **Texas Water Development Board Revenue Bonds, Series 2023**  |  |  |
| 4.875% due 10/15/2048  | 900 | 924 |
| 5.000% due 10/15/2058  | 600 | 621 |
|  |  | 3116 |
| Total Municipal Bonds & Notes (Cost $426,082) |  | 432089 |
| **U.S. GOVERNMENT AGENCIES 3.2%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.600% due 12/01/2040 | 1960 | 1793 |
| 3.660% due 01/01/2039 | 1457 | 1360 |
| 3.720% due 01/01/2041 | 1472 | 1365 |
| 3.750% due 07/01/2042 | 4350 | 4250 |
| 3.850% due 02/01/2038 - 07/01/2041 | 5921 | 5553 |
| 4.850% due 08/01/2038 | 976 | 1016 |
| 5.210% due 08/01/2040 | 690 | 740 |
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.625% due 07/15/2040 •  | 292 | 301 |
| Total U.S. Government Agencies (Cost $15,981) |  | 16378 |
| Total Investments in Securities (Cost $444,863) |  | 451307 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 9.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.9%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 5163744 | 50300 |
| Total Short-Term Instruments (Cost $50,288) |  | 50300 |
| Total Investments in Affiliates (Cost $50,288) |  | 50300 |
| Total Investments 98.5% (Cost $495,151) |  | $501607 |
| **Financial Derivative Instruments (e)(h) 0.0**%(Cost or Premiums, net $641) |  | 55 |
| Other Assets and Liabilities, net 1.5% |  | 7566 |
| Net Assets 100.0% |  | $509228 |

---

------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(d)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Coupon | Coupon | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost |  | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| California Municipal Finance Authority Revenue Bonds, Series 2021 | California Municipal Finance Authority Revenue Bonds, Series 2021 | 4.000 | 4.000 | % | 09/01/2040 | 09/01/2040 | 02/18/2025 | 02/18/2025 | 02/18/2025 | 2372 | $ | 2408 | 2408 | 0.48 |
| California Municipal Finance Authority Revenue Bonds, Series 2021 | California Municipal Finance Authority Revenue Bonds, Series 2021 | 4.000 | 4.000 |  | 09/01/2050 | 09/01/2050 | 11/22/2022 | 11/22/2022 | 11/22/2022 | 900 |  | 933 | 933 | 0.18 |
|  |  |  |  |  |  |  |  |  | $ | $ | $ | 3341 | 0.66%  | 0.66%  |
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 170 | 170 | 170 | (19114) | (19114) | (19114) | 129 | $ | $35 | 35 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **129** | **$** | **35** | **$** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset |  | Liability |
| Receive | Annual | 09/17/2055 | $6400 | 6400 | 6400 | $641 | 641 | $ | 107 | 748 | 748 | 20 | $ | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **641** | **641** | **$** | **107** | **748** | **748** | **20** | **$** | **0** |
| **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,409 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $ | $0 | 0 | 0 | $0 | 0 | 2840 | 2840 | 2840 | 2840 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Arizona | Arizona | Arizona | Arizona |  | 0 | 0 | 0 | 1976 | 1976 | 0 | 0 | 1976 | 1976 |  |
| California | California | California | California |  | 0 | 0 | 0 | 403352 | 403352 | 0 | 0 | 403352 | 403352 |  |
| Georgia | Georgia | Georgia | Georgia |  | 0 | 0 | 0 | 642 | 642 | 0 | 0 | 642 | 642 |  |
| Iowa | Iowa | Iowa | Iowa |  | 0 | 0 | 0 | 272 | 272 | 0 | 0 | 272 | 272 |  |
| Multi-State | Multi-State | Multi-State | Multi-State |  | 0 | 0 | 0 | 6005 | 6005 | 0 | 0 | 6005 | 6005 |  |
| New Hampshire | New Hampshire | New Hampshire | New Hampshire |  | 0 | 0 | 0 | 2424 | 2424 | 0 | 0 | 2424 | 2424 |  |
| New York | New York | New York | New York |  | 0 | 0 | 0 | 202 | 202 | 0 | 0 | 202 | 202 |  |
| Puerto Rico | Puerto Rico | Puerto Rico | Puerto Rico |  | 0 | 0 | 0 | 13031 | 13031 | 0 | 0 | 13031 | 13031 |  |
| Tennessee | Tennessee | Tennessee | Tennessee |  | 0 | 0 | 0 | 1069 | 1069 | 0 | 0 | 1069 | 1069 |  |
| Texas | Texas | Texas | Texas |  | 0 | 0 | 0 | 3116 | 3116 | 0 | 0 | 3116 | 3116 |  |

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------

<br> Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| U.S. Government Agencies | 0 | 16378 | 0 | 16378 |
|  | $0 | $448467 | $2840 | $451307 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $50300 | $0 | $0 | $50300 |
| Total Investments | $50300 | $448467 | $2840 | $501607 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | $0 | $55 | $0 | $55 |
| Total Financial Derivative Instruments | $0 | $55 | $0 | $55 |
| Totals | $50300 | $448522 | $2840 | $501662 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO California Municipal Opportunistic Value Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 96.5% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 96.4%**  |  |  |
| **CALIFORNIA 92.1%**  |  |  |
| **Alameda Health Care District, California Certificates of Participation Bonds, Series 2024** <br>5.000% due 09/15/2049 | $2455 | $2579 |
| **Alhambra Unified School District, California General Obligation Bonds, Series 2023** <br>5.250% due 08/01/2048 | 2500 | 2684 |
| **Alum Rock Union Elementary School District, California General Obligation Bonds, (BAM Insured), Series 2023** <br>5.000% due 08/01/2048 | 1210 | 1278 |
| **Anaheim Housing & Public Improvements Authority, California Revenue Bonds, Series 2022** <br>5.000% due 10/01/2047 | 1000 | 1018 |
| **Antelope Valley Community College District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2041 (a) | 2000 | 954 |
| **Brawley Elementary School District, California General Obligation Bonds, (AGM Insured), Series 2022** <br>5.500% due 08/01/2052 | 1500 | 1613 |
| **Brentwood Union School District, California General Obligation Bonds, Series 2022** <br>5.250% due 08/01/2052 | 1425 | 1510 |
| **Butte-Glenn Community College District, California General Obligation Bonds, Series 2022** <br>4.000% due 08/01/2047 | 1815 | 1748 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023** <br>5.250% due 11/01/2054 | 2500 | 2657 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024** <br>5.000% due 01/01/2055 | 3000 | 3129 |
| **California Health Facilities Financing Authority Revenue Bonds, (CM Insured), Series 2020** <br>5.000% due 11/01/2050 | 1000 | 1016 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2022** <br>4.000% due 05/15/2051 | 2000 | 1848 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2025** <br>5.250% due 02/01/2048 | 1935 | 2093 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2010** <br>5.750% due 08/15/2029 | 410 | 411 |
| **California Municipal Finance Authority Revenue Bonds, (CM Insured), Series 2019** <br>5.000% due 01/01/2049 | 1000 | 1024 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured),Series 2024** <br>4.450% due 12/01/2042 | 2000 | 2018 |
| **California Municipal Finance Authority Revenue Bonds, Series 2017** <br>5.000% due 06/01/2042 | 2000 | 2036 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 12/01/2043  | 2000 | 1951 |
| 5.000% due 09/01/2049  | 1450 | 1519 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025** <br>4.217% due 11/20/2040 | 2996 | 3002 |
| **California State General Obligation Bonds, (AMBAC Insured), Series 1997** <br>5.125% due 10/01/2027 | 70 | 70 |
| **California State General Obligation Bonds, (SGI Insured), Series 2002** <br>5.000% due 10/01/2028 | 5 | 5 |
| **California State General Obligation Bonds, Series 2000** <br>5.750% due 05/01/2030 | 85 | 85 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2016** <br>5.000% due 08/15/2046 | 2175 | 2183 |
| **Cambrian School District, California General Obligation Bonds, Series 2022** <br>5.000% due 08/01/2046 | 1750 | 1822 |
| **Carson Public Financing Authority, California Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 2000 | 2112 |
| **Cascade Union Elementary School District, California General Obligation Bonds, (AGM Insured), Series 2022** <br>5.500% due 08/01/2046 | 1150 | 1239 |
| **Central School District, California General Obligation Bonds, (BAM Insured), Series 2022** <br>0.000% due 08/01/2044 (a) | 1275 | 556 |
| **Central Union High School District-Imperial County, California General Obligation Bonds, Series 2019** <br>4.000% due 08/01/2049 | 2000 | 1899 |
| **Ceres Unified School District, California General Obligation Bonds, (BAM Insured), Series 2017** <br>5.000% due 08/01/2051 | 5000 | 5049 |
| **Chino Valley Unified School District, California General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2049 | 3075 | 3264 |
| **Chowchilla Union High School District, California General Obligation Bonds, Series 2022** <br>5.500% due 08/01/2052 | 2000 | 2138 |
| **Colton Joint Unified School District, California General Obligation Bonds, (BAM Insured), Series 2024** <br>5.000% due 08/01/2049 | 2500 | 2653 |
| **Cosumnes Community Services District, California Certificates of Participation Bonds, Series 2022** <br>5.000% due 11/01/2042 | 1000 | 1054 |
| **Discovery Bay California Public Financing Authority Revenue Bonds, Series 2022** <br>5.000% due 12/01/2042 | 1005 | 1103 |
| **Durham Unified School District, California General Obligation Bonds, (BAM Insured), Series 2025** <br>5.000% due 08/01/2054 | 1695 | 1775 |

---

------

<br> Schedule of Investments PIMCO California Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **El Centro Elemenatry School District, California General Obligation Bonds, (BAM Insured), Series 2023**  |  |  |
| 5.000% due 08/01/2047  | 1315 | 1384 |
| 5.250% due 08/01/2050  | 930 | 985 |
| **El Monte City School District, California General Obligation Bonds, (BAM Insured), Series 2024** <br>5.000% due 08/01/2049 | 1000 | 1047 |
| **Elk Grove Finance Authority, California Revenue Bonds, Series 2022** <br>5.000% due 11/01/2042 | 1385 | 1518 |
| **Fallbrook Union High School District, California General Obligation Bonds, (BAM Insured), Series 2022** <br>4.000% due 08/01/2046 | 2000 | 1953 |
| **Fontana Unified School District, California General Obligation Bonds, Series 2025** <br>5.250% due 08/01/2050 | 730 | 791 |
| **Guadalupe Union School District, California General Obligation Bonds, (BAM Insured), Series 2024** <br>5.000% due 08/01/2049 | 1925 | 2073 |
| **Irvine Facilities Financing Authority, California Special Tax Bonds, (BAM Insured), Series 2023** <br>5.000% due 09/01/2048 | 2000 | 2101 |
| **Jefferson Elementary School District, California General Obligation Bonds, Series 2023** <br>5.000% due 09/01/2049 | 1450 | 1533 |
| **La Honda Pescadero Unified School District, California General Obligation Bonds, Series 2022** <br>0.000% due 04/01/2042 (a) | 2215 | 1074 |
| **Lake Elsinore Facilities Financing Authority Successor Agency, California Revenue Bonds, (BAM Insured), Series 2022** <br>5.250% due 04/01/2047 | 2000 | 2113 |
| **Lancaster County Hospital Authority, California Revenue Bonds, (BAM Insured), Series 2024** <br>5.000% due 05/01/2054 | 2000 | 2079 |
| **Lancaster School District, California General Obligation Bonds, (BAM Insured), Series 2025** <br>5.000% due 08/01/2051 | 1410 | 1486 |
| **Lemon Grove School District, California General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2049 | 1170 | 1228 |
| **Livermore, California Certificates of Participation Bonds, Series 2022** <br>4.750% due 04/01/2047 | 1330 | 1374 |
| **Local Public Schools Funding Authority School Improvement District, California General Obligation Bonds, (BAM Insured), Series 2025** <br>5.000% due 08/01/2050 | 1160 | 1216 |
| **Long Beach, California Harbor Revenue Bonds, Series 2019** <br>5.000% due 05/15/2044 | 3000 | 3126 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2017** <br>5.000% due 05/15/2041 | 8775 | 8800 |
| **Los Angeles Housing Authority, California Revenue Notes, (FNMA Insured), Series 2024** <br>3.750% due 04/01/2034 | 2500 | 2517 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2022** <br>5.250% due 07/01/2047 | 1915 | 2061 |
| **Madera Unified School District, California Certificates of Participation Bonds, (AGM Insured), Series 2024** <br>5.000% due 09/01/2043 | 1000 | 1090 |
| **Marina, California Certificates of Participation Bonds, (AGM Insured), Series 2022** <br>5.250% due 05/01/2047 | 2000 | 2125 |
| **McFarland Unified School District, California General Obligation Bonds, (BAM Insured), Series 2022** <br>5.250% due 11/01/2049 | 1000 | 1037 |
| **Merced County, California Certificates of Participation Bonds, (BAM Insured), Series 2022** <br>4.000% due 06/01/2045 | 1750 | 1733 |
| **Modesto Elementary School District, California General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2047 | 2480 | 2620 |
| **Modesto Irrigation District, California Revenue Bonds, (NPFGC Insured), Series 2007**  |  |  |
| 3.296% (US0003M + 0.580%) due 09/01/2027 ~  | 675 | 673 |
| 3.346% (US0003M + 0.630%) due 09/01/2037 ~  | 1600 | 1551 |
| **Moreno Valley Unified School District, California General Obligation Bonds, (BAM Insured), Series 2025** <br>5.000% due 08/01/2050 | 3000 | 3181 |
| **Mount Pleasant Elementary School District,California General Obligation Bonds, (AGM Insured), Series 2025** <br>5.000% due 08/01/2050 | 1800 | 1899 |
| **Oakdale Joint Unified School District, California General Obligation Bonds, Series 2025** <br>5.250% due 08/01/2050 | 3000 | 3238 |
| **Ontario Public Financing Authority, California Revenue Bonds, (AGM Insured), Series 2022**  |  |  |
| 5.000% due 11/01/2047  | 1000 | 1045 |
| 5.000% due 11/01/2052  | 1000 | 1037 |
| **Pacifica School District, California General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2050 | 2765 | 2885 |
| **Palmdale Financing Authority, California Revenue Bonds, (BAM Insured),Series 2023** <br>4.500% due 06/01/2053 | 2750 | 2795 |
| **Pittsburg Public California Financing Authority Revenue Bonds, (AGM Insured), Series 2022** <br>5.000% due 08/01/2052 | 3000 | 3130 |
| **Pittsburg Unified School District, California General Obligation Bonds, Series 2018** <br>5.000% due 08/01/2047 | 1275 | 1283 |
| **Puente Basin Water Agency, California Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 2620 | 2817 |
| **Regents of the University of California Medical Center Pooled Revenue Bonds, Series 2016** <br>5.000% due 05/15/2041 | 2750 | 2765 |
| **Riverside County, California Transportation Commission Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 06/01/2046  | 985 | 894 |
| 4.000% due 06/01/2047  | 2000 | 1792 |
| **Sacramento County, California Airport System Revenue Notes, Series 2025** <br>5.000% due 07/01/2034 | 1000 | 1128 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2017** <br>5.000% due 07/01/2047 | 3230 | 3234 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 3290 | 3384 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2021** <br>5.000% due 07/01/2046 | 1500 | 1530 |
| **San Diego County, California Regional Transportation Commission Revenue Bonds, Series 2016** <br>5.000% due 04/01/2048 | 2490 | 2497 |

---

------

<br> Schedule of Investments PIMCO California Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2023**  |  |  |
| 4.000% due 10/15/2048  | 1750 | 1689 |
| 5.250% due 08/01/2048  | 1500 | 1618 |
| **San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2024** <br>5.000% due 10/15/2049 | 2135 | 2270 |
| **San Diego Unified School District, California General Obligation Bonds, Series 2012** <br>0.000% due 07/01/2040 (b) | 2500 | 2723 |
| **San Diego Unified School District, California General Obligation Bonds, Series 2023** <br>5.000% due 07/01/2048 | 2500 | 2669 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2016** <br>5.000% due 05/01/2046 | 4450 | 4452 |
| **San Juan Unified School District, California General Obligation Bonds, Series 2022**  |  |  |
| 4.000% due 08/01/2046  | 2500 | 2421 |
| 5.000% due 08/01/2041  | 1035 | 1113 |
| **San Leandro Unified School District, California General Obligation Bonds, Series 2022** <br>5.250% due 08/01/2048 | 2000 | 2136 |
| **Sanger Unified School District, California Certificates of Participation Bonds, (AGM Insured), Series 2022** <br>5.000% due 06/01/2049 | 3250 | 3261 |
| **Santa Ana Public Financing Authority, California Revenue Bonds, Series 2024** <br>5.000% due 09/01/2049 | 1100 | 1172 |
| **Santa Clara Unified School District, California General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2052 | 1260 | 1319 |
| **Santa Cruz County Capital Financing Authority, California Revenue Bonds, Series 2024** <br>4.125% due 06/01/2039 | 2600 | 2655 |
| **South Bay Union School District/San Diego County, California General Obligation Bonds, (AGM Insured), Series 2022** <br>0.000% due 08/01/2037 (a) | 1290 | 798 |
| **South Tahoe Joint Powers Financing Authority, California Revenue Bonds, Series 2023** <br>5.250% due 10/01/2048 | 1825 | 1975 |
| **Sweetwater Union High School District, California General Obligation Bonds, Series 2022** <br>5.000% due 08/01/2052 | 2000 | 2072 |
| **Tracy Public Financing Authority, California Revenue Bonds, (BAM Insured), Series 2024** <br>5.000% due 11/01/2049 | 1345 | 1423 |
| **Ukiah Unified School District, California General Obligation Bonds, (AGM Insured), Series 2022** <br>5.500% due 08/01/2049 | 1000 | 1082 |
| **University of California Revenue Bonds, Series 2017** <br>5.000% due 05/15/2042 | 2655 | 2709 |
| **West Covina Unified School District, California General Obligation Bonds, Series 2024** <br>4.000% due 08/01/2047 | 3000 | 2948 |
|  |  | 197422 |
| **MULTI-STATE 2.1%**  |  |  |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023** <br>3.996% due 12/25/2036 | 2907 | 2916 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024** <br>4.564% due 04/25/2042 ~ | 1492 | 1506 |
|  |  | 4422 |
| **OHIO 0.9%**  |  |  |
| **Warren City School District, Ohio Certificates of Participation Bonds, Series 2023** <br>4.625% due 12/01/2052 | 2000 | 1899 |
| **TEXAS 0.6%**  |  |  |
| **Upper Trinity Regional Water District, Texas Revenue Bonds, Series 2022** <br>5.000% due 08/01/2042 | 1160 | 1229 |
| **UTAH 0.7%**  |  |  |
| **Utah Infrastructure Agency Revenue Bonds, Series 2022** <br>5.500% due 10/15/2049 | 1350 | 1431 |
| Total Municipal Bonds & Notes (Cost $205,874) |  | 206403 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **Fidelity Investments Money Market Government Portfolio, Class I**<br> 3.850% (c) | 186011 | 186 |
| Total Short-Term Instruments (Cost $186) |  | 186 |
| Total Investments in Securities (Cost $206,060) |  | 206589 |
| **INVESTMENTS IN AFFILIATES 2.5%**  |  |  |
| **SHORT-TERM INSTRUMENTS 2.5%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.5%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 554741 | 5404 |

---

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<br> Schedule of Investments PIMCO California Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $5,403) | 5404 |
| Total Investments in Affiliates (Cost $5,403) | 5404 |
| Total Investments 99.0% (Cost $211,463) | $211993 |
| Other Assets and Liabilities, net 1.0% | 2214 |
| Net Assets 100.0% | $214207 |

---

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<br> Schedule of Investments PIMCO California Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **(a)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(b)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(c)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | California | $0 | $197422 | $0 | $197422 |
| Multi-State | Multi-State | 0 | 4422 | 0 | 4422 |
| Ohio | Ohio | 0 | 1899 | 0 | 1899 |
| Texas | Texas | 0 | 1229 | 0 | 1229 |
| Utah | Utah | 0 | 1431 | 0 | 1431 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 186 | 0 | 0 | 186 |
|  |  | $186 | $206403 | $0 | $206589 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $5404 | $0 | $0 | $5404 |
| Total Investments | Total Investments | $5590 | $206403 | $0 | $211993 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO California Short Duration Municipal Income Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 87.8% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 82.2%**  |  |  |
| **ALABAMA 0.6%**  |  |  |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | $600 | $660 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.000% due 01/01/2054 | 600 | 634 |
|  |  | 1294 |
| **CALIFORNIA 78.0%**  |  |  |
| **Anaheim Housing & Public Improvements Authority, California Revenue Bonds, Series 2024** <br>2.000% due 10/01/2054 | 1475 | 1475 |
| **Antelope Valley Community College District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2034 (a) | 600 | 442 |
| **Antelope Valley-East Kern Water Agency Financing Authority, California Revenue Bonds, Series 2025** <br>5.000% due 04/01/2055 | 3500 | 3616 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2001** <br>4.570% (MUNIPSA + 1.250%) due 04/01/2036 ~ | 1000 | 1002 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2018** <br>2.625% due 04/01/2045 | 680 | 679 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2021**  |  |  |
| 3.730% (MUNIPSA) due 04/01/2056 ~  | 500 | 493 |
| 3.770% (MUNIPSA) due 04/01/2056 ~  | 1000 | 999 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2023** <br>1.700% due 04/01/2055 | 3000 | 3000 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2024** <br>1.700% due 04/01/2059 | 4500 | 4500 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 02/01/2052  | 2350 | 2384 |
| 4.000% due 10/01/2052  | 2000 | 2020 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 02/01/2054  | 700 | 745 |
| 5.250% due 01/01/2054  | 1150 | 1222 |
| 5.500% due 10/01/2054  | 990 | 1081 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2054  | 1000 | 1072 |
| 5.000% due 01/01/2055  | 1000 | 1043 |
| 5.000% due 02/01/2055  | 2700 | 2927 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/01/2056  | 1500 | 1581 |
| 5.000% due 03/01/2056  | 1700 | 1852 |
| **California Community Choice Financing Authority Revenue Notes, Series 2025** <br>5.000% due 12/01/2035 | 4100 | 4502 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2020**  |  |  |
| 5.000% due 06/01/2031  | 250 | 266 |
| 5.000% due 06/01/2032  | 300 | 317 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 1998** <br>2.000% due 09/01/2028 | 800 | 800 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2022** <br>5.000% due 03/01/2040 | 605 | 626 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2023** <br>1.750% due 03/01/2041 | 1500 | 1500 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2050 | 1700 | 1830 |
| **California Health Facilities Financing Authority Revenue Notes, Series 2021** <br>5.000% due 11/01/2031 | 550 | 634 |
| **California Health Facilities Financing Authority Revenue Notes, Series 2025**  |  |  |
| 5.000% due 12/01/2031  | 2000 | 2203 |
| 5.000% due 08/15/2033  | 1500 | 1793 |
| **California Housing Finance Agency Revenue Bonds, (FHLMC Insured), Series 2021** <br>3.750% due 03/25/2035 | 1880 | 1905 |
| **California Housing Finance Agency Revenue Bonds, (HUD Insured), Series 2024** <br>5.970% due 11/01/2053 | 1250 | 1260 |
| **California Housing Finance Agency Revenue Bonds, Series 2021** <br>3.500% due 11/20/2035 | 2273 | 2253 |
| **California Housing Finance Agency Revenue Bonds, Series 2025**  |  |  |
| 2.950% due 06/01/2046  | 2150 | 2159 |
| 3.250% due 06/01/2055  | 1500 | 1506 |
| **California Housing Finance Agency Revenue Notes, Series 2024** <br>2.500% due 12/01/2027 | 1320 | 1320 |
| **California Housing Finance Revenue Bonds, Series 2024** <br>5.700% due 06/01/2054 | 1000 | 998 |

---

------

<br> Schedule of Investments PIMCO California Short Duration Municipal Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2021** <br>4.020% (MUNIPSA) due 12/01/2050 ~ | 1000 | 999 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2024** <br>5.000% due 06/01/2039 | 1000 | 1158 |
| **California Municipal Finance Authority Revenue Bonds, Series 2009** <br>3.300% due 02/01/2039 | 1500 | 1500 |
| **California Municipal Finance Authority Revenue Bonds, Series 2020** <br>3.450% due 10/01/2045 | 1000 | 1000 |
| **California Municipal Finance Authority Revenue Bonds, Series 2021** <br>3.450% due 07/01/2041 | 1300 | 1300 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 06/01/2056 | 1125 | 1187 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 2.950% due 01/01/2056  | 1200 | 1200 |
| 3.375% due 09/01/2050  | 1500 | 1492 |
| 3.536% due 02/20/2041  | 497 | 439 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2015** <br>3.450% due 11/01/2040 | 1500 | 1501 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2017** <br>3.450% due 11/01/2042 | 2000 | 2000 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2019** <br>3.450% due 11/01/2042 | 2000 | 2000 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2023** <br>3.800% due 07/01/2043 | 4000 | 3999 |
| **California Public Finance Authority Revenue Bonds, Series 2022** <br>1.650% due 07/15/2062 | 2500 | 2500 |
| **California State General Obligation Bonds, (AGM Insured), Series 2007** <br>5.250% due 08/01/2032 | 2500 | 2875 |
| **California State General Obligation Bonds, Series 2016** <br>5.000% due 09/01/2031 | 3000 | 3046 |
| **California State General Obligation Notes, Series 2020** <br>5.000% due 11/01/2027 | 1500 | 1575 |
| **California State General Obligation Notes, Series 2022** <br>5.000% due 11/01/2026 | 1820 | 1861 |
| **California State Public Works Board Revenue Bonds, Series 2015** <br>5.000% due 05/01/2028 | 1500 | 1503 |
| **California State Public Works Board Revenue Notes, Series 2024** <br>5.000% due 09/01/2031 | 1000 | 1141 |
| **California Statewide Communities Development Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.250% due 09/01/2067 | 1750 | 1819 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2006** <br>1.450% due 04/01/2028 | 1000 | 956 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2008** <br>2.000% due 08/15/2047 | 2245 | 2245 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2009** <br>5.000% due 04/01/2046 | 1000 | 1089 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2016**  |  |  |
| 5.000% due 05/15/2027  | 500 | 504 |
| 5.000% due 05/15/2032  | 1250 | 1259 |
| **California Statewide Communities Development Authority Revenue Notes, (CM Insured), Series 2025**  |  |  |
| 5.000% due 07/01/2028  | 370 | 393 |
| 5.000% due 07/01/2029  | 430 | 468 |
| **California Statewide Communities Development Authority Revenue Notes, Series 2025**  |  |  |
| 5.000% due 10/01/2030  | 900 | 1016 |
| 5.000% due 10/01/2035  | 1800 | 2115 |
| **Corona Community Facilities District, California Special Tax Notes, Series 2024**  |  |  |
| 5.000% due 09/01/2029  | 25 | 27 |
| 5.000% due 09/01/2030  | 50 | 54 |
| 5.000% due 09/01/2031  | 115 | 125 |
| **East Bay Municipal Utility District Water System, California Revenue Notes, Series 2025** <br>5.000% due 06/01/2028 | 2000 | 2142 |
| **East County, California Advanced Water Purification Joint Powers Authority Revenue Notes, Series 2024** <br>5.000% due 09/01/2026 | 1000 | 1011 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.850% due 06/01/2050 | 460 | 421 |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.687% due 06/01/2030 | 1500 | 1388 |
| **Irvine Ranch Water District, California Special Assessment Bonds, Series 2011** <br>2.000% due 10/01/2037 | 5000 | 5000 |
| **Irvine, California Special Assessment Bonds, Series 2004** <br>2.000% due 09/02/2029 | 1500 | 1500 |
| **Irvine, California Special Tax Bonds, (AGM Insured),Series 2025**  |  |  |
| 5.000% due 09/01/2033  | 185 | 215 |
| 5.000% due 09/01/2034  | 215 | 253 |
| **Long Beach, California Harbor Revenue Notes, Series 2017** <br>5.000% due 05/15/2027 | 1000 | 1029 |
| **Los Angeles Community College District, California General Obligation Notes, Series 2024** <br>5.000% due 08/01/2031 | 1500 | 1730 |
| **Los Angeles County, California Development Authority Revenue Bonds, Series 2025** <br>3.350% due 09/01/2059 | 500 | 506 |
| **Los Angeles County, California Facilities, Inc., Revenue Bonds, Series 2018** <br>5.000% due 12/01/2051 | 2630 | 2826 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2018** <br>5.000% due 05/15/2034 | 1000 | 1041 |
| **Los Angeles Housing Authority, California Revenue Bonds, Series 2025** <br>3.000% due 01/01/2046 | 2000 | 2006 |

---

------

<br> Schedule of Investments PIMCO California Short Duration Municipal Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Los Angeles Housing Authority, California Revenue Notes, Series 2024** <br>3.250% due 02/01/2029 | 1750 | 1761 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2024** <br>5.000% due 07/01/2035 | 1100 | 1331 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2022** <br>5.000% due 07/01/2028 | 1000 | 1073 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2023** <br>5.000% due 07/01/2027 | 1000 | 1043 |
| **Los Angeles Unified School District, California General Obligation Notes, Series 2024** <br>5.000% due 07/01/2026 | 1000 | 1014 |
| **Mount Diablo Unified School District, California General Obligation Notes, Series 2025** <br>5.000% due 08/01/2029 | 1000 | 1102 |
| **Municipal Improvement Corp. of Los Angeles, California Revenue Bonds, Series 2016** <br>5.000% due 11/01/2029 | 1730 | 1765 |
| **Napa Valley Unified School District, California General Obligation Notes, Series 2025** <br>5.000% due 08/01/2026 | 1000 | 1016 |
| **Port of Los Angeles, California Revenue Notes, Series 2024** <br>5.000% due 08/01/2028 | 1000 | 1054 |
| **Rialto Unified School District, California Certificates of Participation Notes, (BAM Insured), Series 2024** <br>5.000% due 09/01/2031 | 250 | 282 |
| **Roseville, California Special Tax Bonds, Series 2017** <br>5.000% due 09/01/2033 | 965 | 990 |
| **Sacramento County, California Airport System Revenue Bonds, Series 2018** <br>5.000% due 07/01/2033 | 1120 | 1168 |
| **Sacramento County, California Airport System Revenue Notes, Series 2024** <br>5.000% due 07/01/2032 | 1750 | 2036 |
| **Sacramento County, California Special Tax Notes, Series 2022** <br>5.000% due 09/01/2029 | 1000 | 1056 |
| **Sacramento County, California Water Financing Authority Revenue Bonds, (NPFGC Insured), Series 2007** <br>3.266% (US0003M + 0.550%) due 06/01/2034 ~ | 955 | 936 |
| **San Diego County, California Regional Airport Authority Revenue Notes, Series 2023** <br>5.000% due 07/01/2033 | 1000 | 1135 |
| **San Diego County, California Regional Transportation Commission Revenue Bonds, Series 2016** <br>5.000% due 04/01/2041 | 2500 | 2511 |
| **San Diego Unified School District, California General Obligation Notes, Series 2023** <br>5.000% due 07/01/2028 | 1000 | 1073 |
| **San Diego Unified School District, California General Obligation Notes, Series 2024** <br>5.000% due 07/01/2034 | 1050 | 1275 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2018** <br>1.250% due 05/01/2058 | 2500 | 2500 |
| **San Francisco, California City & County General Obligation Notes, Series 2024** <br>5.000% due 06/15/2027 | 1300 | 1355 |
| **San Francisco, California Public Utilities Commission Water Revenue Bonds, Series 2016** <br>4.000% due 11/01/2039 | 1000 | 1001 |
| **San Jose Unified School District, California General Obligation Bonds, (NPFGC Insured), Series 2006** <br>0.000% due 08/01/2030 (a) | 2520 | 2230 |
| **Santa Clara Valley Water District, California Revenue Bonds, Series 2024** <br>5.000% due 06/01/2039 | 500 | 579 |
| **Santa Cruz City High School District, California General Obligation Bonds, Series 2017** <br>4.000% due 08/01/2042 | 1000 | 999 |
| **Silicon Valley Clean Water, California Revenue Notes, Series 2021** <br>0.500% due 03/01/2026 | 3000 | 2988 |
| **South Placer Wastewater Authority, California Revenue Notes, Series 2020** <br>5.000% due 11/01/2029 | 250 | 277 |
| **Tobacco Securitization Authority of Southern California Revenue Notes, Series 2019**  |  |  |
| 5.000% due 06/01/2026  | 1000 | 1009 |
| 5.000% due 06/01/2029  | 500 | 535 |
| **Union Sanitary District Financing Authority, California Revenue Notes, Series 2025** <br>5.000% due 03/15/2030 | 1500 | 1681 |
| **University of California Revenue Bonds, Series 2013** <br>1.700% due 05/15/2048 | 7000 | 7000 |
| **Vista Joint Powers Financing Authority, California Revenue Notes, Series 2025** <br>5.000% due 05/01/2027 | 650 | 671 |
| **Washington Unified School District/Yolo County, California General Obligation Bonds, (NPFGC Insured), Series 2004** <br>0.000% due 08/01/2026 (a) | 1000 | 985 |
| **West Contra Costa Unified School District, California General Obligation Notes, Series 2025** <br>5.000% due 08/01/2029 | 1500 | 1648 |
|  |  | 174498 |
| **DISTRICT OF COLUMBIA 0.7%**  |  |  |
| **District of Columbia Income Tax Revenue Notes, Series 2025** <br>5.000% due 06/01/2027 | 1500 | 1554 |
| **GEORGIA 0.3%**  |  |  |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023** <br>5.000% due 12/01/2053 | 600 | 643 |
| **MISSOURI 0.5%**  |  |  |
| **Missouri Housing Development Commission Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.000% due 05/01/2056 | 1000 | 1108 |

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<br> Schedule of Investments PIMCO California Short Duration Municipal Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **OHIO 0.5%**  |  |  |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2009** <br>4.750% due 06/01/2033 | 1100 | 1156 |
| **OREGON 0.1%**  |  |  |
| **Oregon State Facilities Authority Revenue Notes, Series 2020** <br>5.000% due 10/01/2027 | 300 | 308 |
| **PUERTO RICO 1.5%**  |  |  |
| **Puerto Rico Housing Finance Authority Revenue Notes, (HUD Insured), Series 2023** <br>5.000% due 03/01/2027 | 1000 | 1003 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018** <br>4.500% due 07/01/2034 | 2223 | 2223 |
|  |  | 3226 |
| Total Municipal Bonds & Notes (Cost $181,861) |  | 183787 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 5.6%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class (b)** | 501998 | 502 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **MUNICIPAL BONDS & NOTES 5.4%**  |  |  |
| **California School Cash Reserve Program Authority Revenue Notes, Series 2025** <br>5.000% due 06/30/2026 | $3500 | 3543 |
| **Los Angeles County, California Revenue Notes, Series 2025**  |  |  |
| 5.000% due 06/25/2026  | 1500 | 1520 |
| 5.000% due 06/30/2026  | 2000 | 2027 |
| **Riverside County, California Revenue Notes, Series 2025** <br>5.000% due 06/30/2026 | 1500 | 1521 |
| **San Diego County, California Revenue Notes, Series 2025** <br>5.000% due 06/30/2026 | 3500 | 3549 |
| Total Municipal Bonds & Notes (Cost $12,128) |  | 12160 |
| Total Short-Term Instruments (Cost $12,630) |  | 12662 |
| Total Investments in Securities (Cost $194,491) |  | 196449 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 12.3%**  |  |  |
| **SHORT-TERM INSTRUMENTS 12.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 12.3%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 2826033 | 27528 |
| Total Short-Term Instruments (Cost $27,515) |  | 27528 |
| Total Investments in Affiliates (Cost $27,515) |  | 27528 |
| Total Investments 100.1% (Cost $222,006) |  | $223977 |
| Other Assets and Liabilities, net (0.1)% |  | (315) |
| Net Assets 100.0% |  | $223662 |

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<br> Schedule of Investments PIMCO California Short Duration Municipal Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **(a)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(b)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Alabama | Alabama | $0 | $1294 | $0 | $1294 |
| California | California | 0 | 174498 | 0 | 174498 |
| District of Columbia | District of Columbia | 0 | 1554 | 0 | 1554 |
| Georgia | Georgia | 0 | 643 | 0 | 643 |
| Missouri | Missouri | 0 | 1108 | 0 | 1108 |
| Ohio | Ohio | 0 | 1156 | 0 | 1156 |
| Oregon | Oregon | 0 | 308 | 0 | 308 |
| Puerto Rico | Puerto Rico | 0 | 3226 | 0 | 3226 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 0 | 502 | 0 | 502 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 12160 | 0 | 12160 |
|  |  | $0 | $196449 | $0 | $196449 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $27528 | $0 | $0 | $27528 |
| Total Investments | Total Investments | $27528 | $196449 | $0 | $223977 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Climate Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 97.5% ¤** |  |  |
| **CORPORATE BONDS & NOTES 66.5%**  |  |  |
| **BANKING & FINANCE 36.9%**  |  |  |
| **ABN AMRO Bank NV**  |  |  |
| 3.000% due 02/25/2031  | 100 | $117 |
| 5.125% due 02/22/2028  | 200 | 275 |
| **ACEF Holding SCA** <br>0.750% due 06/14/2028 | 100 | 112 |
| **AIB Group PLC**  |  |  |
| 2.875% due 05/30/2031 •  | 125 | 147 |
| 5.250% due 10/23/2031 •  | 100 | 128 |
| **Alexandria Real Estate Equities, Inc.** <br>2.000% due 05/18/2032 | $160 | 135 |
| **American Homes 4 Rent LP** <br>5.500% due 02/01/2034 | 100 | 104 |
| **Amvest RCF Custodian BV** <br>3.750% due 06/11/2031 | 100 | 118 |
| **Assura Financing PLC** <br>1.625% due 06/30/2033 | 125 | 130 |
| **AXA SA** <br>5.625% due 01/16/2054 •  | 100 | 135 |
| **Bank of America Corp.**  |  |  |
| 4.134% due 06/12/2028  | 100 | 122 |
| 6.204% due 11/10/2028 •  | $200 | 208 |
| **Bank of Ireland Group PLC**  |  |  |
| 5.000% due 07/04/2031 •  | 100 | 126 |
| 7.594% due 12/06/2032 •  | 100 | 141 |
| **Banque Federative du Credit Mutuel SA** <br>0.250% due 06/29/2028 | 100 | 111 |
| **Boston Properties LP**  |  |  |
| 2.450% due 10/01/2033  | $150 | 124 |
| 6.500% due 01/15/2034  | 20 | 22 |
| **British Land Co. PLC** <br>2.375% due 09/14/2029 | 100 | 125 |
| **Caja Rural de Navarra SCC** <br>3.000% due 04/26/2027 | 100 | 118 |
| **Castellum AB** <br>0.750% due 09/04/2026 | 100 | 116 |
| **CBRE Open-Ended Funds SCA SICAV-SIF**  |  |  |
| 0.900% due 10/12/2029  | 100 | 108 |
| 4.750% due 03/27/2034  | 100 | 123 |
| **CBRE Services, Inc.**  |  |  |
| 2.500% due 04/01/2031  | $100 | 91 |
| 5.950% due 08/15/2034  | 100 | 107 |
| **Commerzbank AG** <br>4.125% due 02/20/2037 •  | 200 | 239 |
| **Commonwealth Bank of Australia** <br>4.266% due 06/04/2034 •  | 100 | 121 |
| **Community Preservation Corp.** <br>2.867% due 02/01/2030 | $75 | 70 |
| **CPI Property Group SA** <br>4.750% due 07/22/2030 | 100 | 113 |
| **Credit Agricole SA** <br>4.375% due 11/27/2033 | 300 | 368 |
| **CTP NV** <br>1.250% due 06/21/2029 | 200 | 221 |
| **Danske Bank AS** <br>3.500% due 05/26/2033 •  | 200 | 236 |
| **Derwent London PLC** <br>1.875% due 11/17/2031 | 100 | 114 |
| **Deutsche Bank AG** <br>1.875% due 02/23/2028 •  | 200 | 233 |
| **Digital Realty Trust LP** <br>3.600% due 07/01/2029 | $125 | 123 |
| **DNB Bank ASA**  |  |  |
| 3.125% due 05/20/2031 •  | 100 | 118 |
| 4.625% due 11/01/2029 •  | 100 | 123 |
| **EQT AB** <br>0.875% due 05/14/2031 | 100 | 103 |
| **Equinix Europe 2 Financing Corp. LLC**  |  |  |
| 3.650% due 09/03/2033  | 100 | 116 |
| 4.000% due 05/19/2034  | 100 | 118 |
| **Equinix, Inc.** <br>1.550% due 03/15/2028 | $80 | 76 |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ERP Operating LP** <br>1.850% due 08/01/2031 | 100 | 88 |
| **Erste Group Bank AG** <br>3.250% due 01/14/2033 •  | 100 | 117 |
| **Eurofima Europaeische Gesellschaft fuer die Finanzierung von Eisenbahnmaterial** <br>3.125% due 11/09/2031 | 100 | 119 |
| **European Investment Bank**  |  |  |
| 0.750% due 07/15/2027  | 200 | 127 |
| 2.750% due 01/16/2034  | 40 | 46 |
| 3.750% due 02/14/2033  | $240 | 236 |
| **Farmers Exchange Capital III** <br>5.454% due 10/15/2054 •  | 50 | 47 |
| **Ford Motor Credit Co. LLC** <br>5.625% due 10/09/2028 | 100 | 136 |
| **Goodman Australia Finance Pty. Ltd.** <br>4.250% due 05/03/2030 | 100 | 122 |
| **Grainger PLC** <br>3.375% due 04/24/2028 | 100 | 131 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.750% due 07/15/2035 | $40 | 42 |
| **HAT Holdings I LLC/HAT Holdings II LLC**  |  |  |
| 3.750% due 09/15/2030  | 137 | 127 |
| 8.000% due 06/15/2027  | 10 | 10 |
| **Healthpeak OP LLC** <br>2.125% due 12/01/2028 | 100 | 95 |
| **Host Hotels & Resorts LP**  |  |  |
| 2.900% due 12/15/2031  | 50 | 45 |
| 3.500% due 09/15/2030  | 100 | 95 |
| 5.700% due 07/01/2034  | 125 | 130 |
| **IHG Finance LLC** <br>4.375% due 11/28/2029 | 100 | 123 |
| **ING Groep NV**  |  |  |
| 4.000% due 02/12/2035 •  | 100 | 121 |
| 4.875% due 05/16/2029 •(c)(d)  | $200 | 194 |
| **International Bank for Reconstruction & Development**  |  |  |
| 3.875% due 08/28/2034  | 75 | 74 |
| 4.000% due 08/27/2026  | 75 | 75 |
| **International Development Association** <br>4.375% due 06/11/2029 | 100 | 102 |
| **International Finance Corp.** <br>4.900% due 12/05/2034 | 200 | 131 |
| **Intesa Sanpaolo SpA** <br>8.248% due 11/21/2033 •  | $300 | 354 |
| **JAB Holdings BV** <br>4.375% due 04/25/2034 | 200 | 241 |
| **John Deere Capital Corp.** <br>5.100% due 04/11/2034 | $100 | 103 |
| **JPMorgan Chase & Co.** <br>6.070% due 10/22/2027 •  | 200 | 203 |
| **Kilroy Realty LP** <br>2.500% due 11/15/2032 | 100 | 84 |
| **Kreditanstalt fuer Wiederaufbau**  |  |  |
| 0.000% due 09/15/2031  | 650 | 656 |
| 2.000% due 11/15/2029  | 300 | 346 |
| 2.500% due 10/09/2030  | 300 | 352 |
| **Lendlease Finance Ltd.** <br>3.400% due 10/27/2027 | 80 | 51 |
| **Lloyds Banking Group PLC** <br>3.875% due 05/14/2032 •  | 100 | 120 |
| **Lseg Netherlands BV** <br>4.231% due 09/29/2030 | 100 | 123 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>0.848% due 07/19/2029 | 200 | 220 |
| **Mizuho Financial Group, Inc.** <br>3.460% due 08/27/2030 •  | 250 | 298 |
| **Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen** <br>1.000% due 05/26/2042 •  | 100 | 101 |
| **Nationale-Nederlanden Bank NV**  |  |  |
| 0.500% due 09/21/2028  | 100 | 111 |
| 1.875% due 05/17/2032  | 100 | 110 |
| **NatWest Group PLC**  |  |  |
| 2.057% due 11/09/2028 •  | 125 | 162 |
| 3.673% due 08/05/2031 •  | 150 | 180 |
| 7.500% due 02/28/2032 •(c)(d)  | 200 | 280 |
| **NE Property BV** <br>2.000% due 01/20/2030 | 100 | 112 |
| **Norinchukin Bank** <br>5.430% due 03/09/2028 | $200 | 205 |
| **P3 Group SARL** <br>4.000% due 04/19/2032 | 100 | 118 |
| **Pacific Life Global Funding II** <br>3.125% due 06/18/2031 | 100 | 116 |
| **Prologis International Funding II SA**  |  |  |
| 0.750% due 03/23/2033  | 125 | 120 |
| 0.875% due 07/09/2029  | 125 | 137 |
| 1.750% due 03/15/2028  | 125 | 144 |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rayonier LP** <br>2.750% due 05/17/2031 | $100 | 90 |
| **Sagax AB** <br>4.375% due 05/29/2030 | 200 | 243 |
| **Segro Capital SARL** <br>0.500% due 09/22/2031 | 100 | 101 |
| **Shinhan Bank Co. Ltd.** <br>3.320% due 01/29/2027 | 100 | 119 |
| **Sirius Real Estate Ltd.** <br>1.750% due 11/24/2028 | 200 | 226 |
| **Standard Chartered PLC** <br>0.800% due 11/17/2029 •  | 100 | 111 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>3.318% due 10/07/2031 | 100 | 118 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>5.500% due 03/09/2028 | $200 | 206 |
| **Svenska Handelsbanken AB** <br>3.250% due 08/27/2031 | 200 | 236 |
| **Unibail-Rodamco-Westfield SE** <br>3.875% due 09/11/2034 | 200 | 234 |
| **UniCredit Bank Czech Republic & Slovakia AS** <br>3.750% due 06/20/2028 | 100 | 121 |
| **Vesteda Finance BV** <br>4.000% due 05/07/2032 | 100 | 121 |
| **VIA Outlets BV** <br>1.750% due 11/15/2028 | 100 | 113 |
| **Volkswagen Financial Services AG** <br>3.875% due 09/10/2030 | 200 | 241 |
| **Warehouses De Pauw CVA** <br>3.125% due 01/15/2031 | 100 | 116 |
| **Weyerhaeuser Co.** <br>7.375% due 03/15/2032 | $9 | 10 |
| **Workspace Group PLC** <br>2.250% due 03/11/2028 | 100 | 127 |
| **ZF Finance GmbH** <br>2.000% due 05/06/2027 | 100 | 116 |
|  |  | 15764 |
| **INDUSTRIALS 14.7%**  |  |  |
| **Alphabet, Inc.** <br>3.125% due 11/06/2034 | 100 | 115 |
| **Amgen, Inc.** <br>3.000% due 02/22/2029 | $200 | 194 |
| **Amprion GmbH**  |  |  |
| 3.625% due 05/21/2031  | 100 | 120 |
| 3.875% due 09/07/2028  | 100 | 121 |
| **AP Moller - Maersk AS** <br>5.875% due 09/14/2033 | $66 | 70 |
| **Aptiv Swiss Holdings Ltd.** <br>4.250% due 06/11/2036 | 100 | 117 |
| **Arcadis NV** <br>4.875% due 02/28/2028 | 100 | 122 |
| **Autodesk, Inc.**  |  |  |
| 2.400% due 12/15/2031  | $50 | 44 |
| 5.300% due 06/15/2035  | 200 | 206 |
| **BCP V Modular Services Finance II PLC** <br>6.500% due 07/10/2031 | 100 | 110 |
| **Berkeley Group PLC** <br>2.500% due 08/11/2031 | 100 | 117 |
| **Boston Scientific Corp.** <br>2.650% due 06/01/2030 | $50 | 47 |
| **Burberry Group PLC** <br>5.750% due 06/20/2030 | 125 | 172 |
| **Campbell's Co.** <br>4.550% due 03/21/2031 | $200 | 199 |
| **CDW LLC/CDW Finance Corp.** <br>5.550% due 08/22/2034 | 35 | 36 |
| **Chanel Ceres PLC** <br>1.000% due 07/31/2031 | 150 | 155 |
| **Comcast Corp.** <br>4.650% due 02/15/2033 | $40 | 40 |
| **Continental Wind LLC** <br>6.000% due 02/28/2033 | 42 | 43 |
| **Coty, Inc.** <br>4.500% due 05/15/2027 | 100 | 119 |
| **Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC** <br>4.750% due 01/15/2029 | $111 | 109 |
| **Denso Corp.** <br>4.420% due 09/11/2029 | 100 | 101 |
| **DSV Finance BV** <br>0.500% due 03/03/2031 | 100 | 103 |
| **Ellevio AB** <br>3.750% due 05/14/2035 | 100 | 116 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 100 | 117 |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Ford Motor Co.** <br>6.100% due 08/19/2032 | $38 | 39 |
| **Forvia SE** <br>2.375% due 06/15/2029 | 100 | 115 |
| **Hanwha Q Cells Americas Holdings Corp.** <br>5.000% due 07/27/2028 | $200 | 205 |
| **JDE Peet's NV** <br>2.250% due 09/24/2031 | 150 | 131 |
| **Kerry Group Financial Services Unltd. Co.** <br>3.375% due 03/05/2033 | 200 | 232 |
| **Latvenergo AS** <br>3.612% due 11/13/2030 | 100 | 117 |
| **Levi Strauss & Co.** <br>3.500% due 03/01/2031 | $55 | 51 |
| **Moody's Corp.**  |  |  |
| 2.000% due 08/19/2031  | 100 | 89 |
| 3.100% due 11/29/2061  | 30 | 19 |
| **MSCI, Inc.** <br>3.625% due 09/01/2030 | 100 | 96 |
| **Nexans SA** <br>4.250% due 03/11/2030 | 100 | 122 |
| **Norsk Hydro ASA** <br>3.625% due 01/23/2032 | 100 | 118 |
| **NTT Finance Corp.** <br>0.399% due 12/13/2028 | 100 | 110 |
| **Oberlin College** <br>2.874% due 10/01/2051 | $125 | 78 |
| **Owens Corning** <br>5.500% due 06/15/2027 | 100 | 102 |
| **Pandora AS** <br>3.875% due 05/31/2030 | 100 | 120 |
| **PepsiCo, Inc.** <br>3.900% due 07/18/2032 | $40 | 39 |
| **Smurfit Kappa Treasury ULC**  |  |  |
| 0.500% due 09/22/2029  | 100 | 108 |
| 5.438% due 04/03/2034  | $100 | 104 |
| **Smurfit Westrock Financing DAC** <br>5.185% due 01/15/2036 | 200 | 202 |
| **Swisscom Finance BV** <br>3.250% due 09/05/2034 | 100 | 116 |
| **Synopsys, Inc.**  |  |  |
| 5.000% due 04/01/2032  | $50 | 51 |
| 5.150% due 04/01/2035  | 200 | 203 |
| **T-Mobile USA, Inc.** <br>4.950% due 03/15/2028 | 100 | 102 |
| **Telefonica Emisiones SA** <br>4.183% due 11/21/2033 | 100 | 121 |
| **Tennet Netherlands BV** <br>4.500% due 10/28/2034 | 100 | 126 |
| **Trane Technologies Financing Ltd.**  |  |  |
| 3.800% due 03/21/2029  | $125 | 124 |
| 5.100% due 06/13/2034  | 40 | 41 |
| **Vmed O2 U.K. Financing I PLC** <br>5.625% due 04/15/2032 | 100 | 119 |
| **Volkswagen International Finance NV** <br>5.994% due 11/15/2033 •(c) | 100 | 122 |
| **Wabtec Transportation Netherlands BV** <br>1.250% due 12/03/2027 | 200 | 230 |
| **ZF North America Capital, Inc.** <br>6.875% due 04/14/2028 | $10 | 10 |
|  |  | 6255 |
| **UTILITIES 14.9%**  |  |  |
| **AES Corp.**  |  |  |
| 2.450% due 01/15/2031  | 84 | 76 |
| 5.450% due 06/01/2028  | 40 | 41 |
| **Alliander NV** <br>3.000% due 05/06/2033 | 200 | 230 |
| **British Telecommunications PLC** <br>3.875% due 01/20/2034 | 100 | 119 |
| **CenterPoint Energy Houston Electric LLC** <br>5.300% due 04/01/2053 | $25 | 24 |
| **Colbun SA** <br>5.375% due 09/11/2035 | 200 | 201 |
| **EDP Servicios Financieros Espana SA** <br>4.375% due 04/04/2032 | 200 | 248 |
| **Electricite de France SA**  |  |  |
| 4.750% due 06/17/2044  | 100 | 117 |
| 7.375% due 06/17/2035 •(c)  | 100 | 139 |
| **EnBW Energie Baden-Wuerttemberg AG** <br>4.500% due 07/28/2055 •  | 100 | 118 |
| **Enel Finance International NV** <br>1.625% due 07/12/2026 | $200 | 198 |
| **Eurogrid GmbH** <br>3.732% due 10/18/2035 | 100 | 116 |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Hanwha Energy USA Holdings Corp.** <br>4.375% due 07/02/2028 | $200 | 202 |
| **iliad SA** <br>4.250% due 12/15/2029 | 200 | 241 |
| **Interstate Power & Light Co.** <br>4.100% due 09/26/2028 | $100 | 100 |
| **MidAmerican Energy Co.**  |  |  |
| 3.650% due 08/01/2048  | 150 | 113 |
| 4.250% due 07/15/2049  | 25 | 21 |
| **Mississippi Power Co.** <br>3.100% due 07/30/2051 | 50 | 33 |
| **National Grid PLC** <br>3.875% due 01/16/2029 | 100 | 121 |
| **NBN Co. Ltd.** <br>3.500% due 03/22/2030 | 200 | 239 |
| **New York State Electric & Gas Corp.** <br>5.650% due 08/15/2028 | $325 | 338 |
| **NextEra Energy Capital Holdings, Inc.** <br>1.900% due 06/15/2028 | 100 | 95 |
| **Niagara Mohawk Power Corp.**  |  |  |
| 1.960% due 06/27/2030  | 125 | 113 |
| 5.783% due 09/16/2052  | 40 | 40 |
| **NSTAR Electric Co.**  |  |  |
| 3.100% due 06/01/2051  | 25 | 17 |
| 3.250% due 05/15/2029  | 80 | 78 |
| **Oncor Electric Delivery Co. LLC** <br>3.500% due 05/15/2031 | 100 | 119 |
| **Orsted AS** <br>5.125% due 09/13/2034 | 100 | 129 |
| **Pacific Gas & Electric Co.** <br>6.700% due 04/01/2053 | $41 | 43 |
| **Public Service Co. of Colorado** <br>3.200% due 03/01/2050 | 53 | 36 |
| **Public Service Co. of Oklahoma** <br>2.200% due 08/15/2031 | 200 | 178 |
| **Public Service Electric & Gas Co.**  |  |  |
| 3.100% due 03/15/2032  | 200 | 186 |
| 4.650% due 03/15/2033  | 50 | 50 |
| **Puget Sound Energy, Inc.** <br>5.685% due 06/15/2054 | 20 | 20 |
| **RWE Finance U.S. LLC** <br>5.125% due 09/18/2035 | 150 | 149 |
| **San Diego Gas & Electric Co.** <br>4.950% due 08/15/2028 | 150 | 154 |
| **Severn Trent Utilities Finance PLC**  |  |  |
| 2.625% due 02/22/2033  | 100 | 115 |
| 3.875% due 08/04/2035  | 100 | 117 |
| 3.875% due 08/04/2037  | 100 | 115 |
| **Solar Star Funding LLC** <br>5.375% due 06/30/2035 | $195 | 199 |
| **South Eastern Power Networks PLC** <br>1.750% due 09/30/2034 | 200 | 208 |
| **Southern California Edison Co.**  |  |  |
| 2.500% due 06/01/2031  | $225 | 202 |
| 3.450% due 02/01/2052  | 100 | 67 |
| **Southwestern Public Service Co.**  |  |  |
| 3.150% due 05/01/2050  | 80 | 53 |
| 3.750% due 06/15/2049  | 50 | 37 |
| **SSE PLC** <br>4.000% due 09/05/2031 | 100 | 122 |
| **TDC Net AS** <br>5.618% due 02/06/2030 | 100 | 126 |
| **United Utilities Water Finance PLC** <br>3.750% due 05/23/2034 | 100 | 117 |
| **Verizon Communications, Inc.** <br>1.500% due 09/18/2030 | $280 | 247 |
| **Vodafone Group PLC** <br>5.125% due 06/04/2081 •  | 65 | 51 |
| **Wisconsin Electric Power Co.** <br>4.750% due 09/30/2032 | 20 | 20 |
| **Wisconsin Power & Light Co.** <br>4.950% due 04/01/2033 | 132 | 134 |
|  |  | 6372 |
| Total Corporate Bonds & Notes (Cost $27,439) |  | 28391 |
| **MUNICIPAL BONDS & NOTES 0.5%**  |  |  |
| **FLORIDA 0.2%**  |  |  |
| **State Board of Administration Finance Corp. Florida Revenue Notes, Series 2020** <br>2.154% due 07/01/2030 | 110 | 101 |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NEW YORK 0.3%**  |  |  |
| **New York City, New York Municipal Water Finance Authority, New York Revenue Bonds, (BABs), Series 2010** <br>5.724% due 06/15/2042 | 110 | 111 |
| Total Municipal Bonds & Notes (Cost $271) |  | 212 |
| **U.S. GOVERNMENT AGENCIES 3.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.500% due 02/01/2053 - 06/01/2053 | 173 | 170 |
| 5.000% due 02/01/2053 - 07/01/2054 | 259 | 259 |
| **Federal National Mortgage Association**  |  |  |
| 4.500% due 05/01/2053 - 07/01/2053 | 175 | 171 |
| 5.000% due 10/01/2053 - 11/01/2053 | 1044 | 1045 |
| Total U.S. Government Agencies (Cost $1,595) |  | 1645 |
| **U.S. TREASURY OBLIGATIONS 0.7%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 4.625% due 02/15/2035 | 300 | 311 |
| Total U.S. Treasury Obligations (Cost $310) |  | 311 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.3%**  |  |  |
| **CSMC Trust** <br>3.431% due 11/10/2032 | 100 | 80 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>4.915% due 04/15/2038 •  | 87 | 86 |
| **Natixis Commercial Mortgage Securities Trust** <br>3.622% due 05/15/2039 | 100 | 97 |
| **One Bryant Park Trust** <br>2.516% due 09/15/2054 | 100 | 93 |
| **VASA Trust** <br>4.765% due 07/15/2039 •  | 100 | 99 |
| **Wells Fargo Commercial Mortgage Trust** <br>5.575% due 09/15/2040 ~ | 75 | 76 |
| Total Non-Agency Mortgage-Backed Securities (Cost $568) |  | 531 |
| **ASSET-BACKED SECURITIES 1.7%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.1%**  |  |  |
| **Hertz Vehicle Financing III LLC** <br>5.490% due 06/25/2027 | 50 | 50 |
| **OTHER ABS 1.6%**  |  |  |
| **GoodLeap Sustainable Home Solutions Trust**  |  |  |
| 2.100% due 05/20/2048  | 62 | 51 |
| 4.000% due 04/20/2049  | 38 | 34 |
| 4.950% due 07/20/2049  | 77 | 70 |
| **Loanpal Solar Loan Ltd.** <br>2.220% due 03/20/2048 | 43 | 35 |
| **Mosaic Solar Loan Trust** <br>2.640% due 01/20/2053 | 63 | 55 |
| **Sunnova Helios XI Issuer LLC** <br>5.300% due 05/20/2050 | 86 | 79 |
| **Sunnova Hestia I Issuer LLC** <br>5.750% due 12/20/2050 | 87 | 87 |
| **Sunnova Sol IV Issuer LLC** <br>2.790% due 02/22/2049 | 119 | 101 |
| **Sunrun Demeter Issuer LLC** <br>2.270% due 01/30/2057 | 158 | 144 |
|  |  | 656 |
| Total Asset-Backed Securities (Cost $775) |  | 706 |
| **SOVEREIGN ISSUES 10.1%**  |  |  |
| **Adif Alta Velocidad**  |  |  |
| 3.125% due 10/31/2032  | 100 | 117 |
| 3.500% due 04/30/2032  | 100 | 119 |
| **Agence Francaise de Developpement EPIC** <br>3.500% due 02/25/2033 | 200 | 236 |
| **Australia Government Bonds** <br>4.250% due 06/21/2034 | 1200 | 779 |
| **Brazil Government International Bonds** <br>5.500% due 02/04/2033 | $200 | 197 |
| **Bundesrepublik Deutschland Bundesanleihe**  |  |  |
| 2.300% due 02/15/2033  | 150 | 172 |
| 2.500% due 02/15/2035  | 100 | 115 |
| **Canada Government Bonds**  |  |  |
| 2.250% due 12/01/2029  | 50 | 36 |
| 3.000% due 03/01/2032  | 200 | 145 |
| 3.500% due 03/01/2034  | 200 | 148 |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **European Union**  |  |  |
| 2.625% due 02/04/2048  | 60 | 57 |
| 2.750% due 02/04/2033  | 135 | 158 |
| 3.250% due 02/04/2050  | 100 | 105 |
| **Hungary Government International Bonds** <br>4.875% due 03/22/2040 | 100 | 117 |
| **Ile-de-France Mobilites** <br>3.050% due 02/03/2033 | 100 | 115 |
| **Italy Buoni Poliennali Del Tesoro** <br>4.050% due 10/30/2037 | 50 | 61 |
| **Kingdom of Belgium Government Bonds** <br>2.750% due 04/22/2039 | 100 | 106 |
| **Ministeries Van de Vlaamse Gemeenschap** <br>3.250% due 01/12/2043 | 100 | 106 |
| **Nederlandse Waterschapsbank NV** <br>3.000% due 04/20/2033 | 100 | 118 |
| **Ontario Teachers' Finance Trust** <br>2.850% due 12/04/2031 | 150 | 175 |
| **Province of Ontario** <br>4.100% due 03/04/2033 | 100 | 76 |
| **Regie Autonome des Transports Parisiens EPIC** <br>3.250% due 04/11/2033 | 100 | 116 |
| **SFIL SA** <br>3.125% due 09/17/2029 | 100 | 119 |
| **Slovenia Government Bonds** <br>3.125% due 07/02/2035 | 80 | 93 |
| **Societe Des Grands Projets EPIC** <br>0.300% due 11/25/2031 | 200 | 200 |
| **Societe Nationale SNCF SACA** <br>3.125% due 11/02/2027 | 100 | 119 |
| **U.K. Gilts**  |  |  |
| 0.875% due 07/31/2033  | 200 | 211 |
| 1.500% due 07/31/2053  | 70 | 43 |
| 4.375% due 07/31/2054  | 136 | 161 |
| Total Sovereign Issues (Cost $4,138) |  | 4320 |
| **SHORT-TERM INSTRUMENTS 12.8%**  |  |  |
| **U.S. TREASURY BILLS 12.8%**  |  |  |
| 3.707% due 01/02/2026 - 04/21/2026 (a)(b)(g) | $5500 | 5474 |
| Total Short-Term Instruments (Cost $5,474) |  | 5474 |
| Total Investments in Securities (Cost $40,570) |  | 41590 |
| Total Investments 97.5% (Cost $40,570) |  | $41590 |
| **Financial Derivative Instruments (e)(f) (0.9)**%(Cost or Premiums, net $76) |  | (394) |
| Other Assets and Liabilities, net 3.4% |  | 1473 |
| Net Assets 100.0% |  | $42669 |

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------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(d)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 8 | $ | 585 | (1) | (1) | (1) | 1 | 1 | 1 | 0 |
| Canada Government 2-Year Bond March Futures  | Canada Government 2-Year Bond March Futures  | Canada Government 2-Year Bond March Futures  | Canada Government 2-Year Bond March Futures  | Canada Government 2-Year Bond March Futures  | Canada Government 2-Year Bond March Futures  | 03/2026 | 03/2026 | 3 |  | 231 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 3 |  | 410 | (3) | (3) | (3) | 0 | 0 | 0 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 139 |  | 15193 | (1) | (1) | (1) | 0 | 0 | 0 | (16) |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 2 |  | 231 | (2) | (2) | (2) | 0 | 0 | 0 | (1) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 16 |  | 1840 | (4) | (4) | (4) | 0 | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  |  | (11) | (11) | $ | 1 | 1 | $ | (20) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 1 | $ | (88) | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 23 |  | (3448) | 48 | 48 | 48 | 6 | 6 | 6 | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 2 |  | (259) | 4 | 4 | 4 | 1 | 1 | 1 | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 3 |  | (369) | (3) | (3) | (3) | 0 | 0 | 0 | (1) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 10 |  | (2088) | (1) | (1) | (1) | 1 | 1 | 1 | 0 |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 6 |  | (675) | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 1 |  | (118) | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 51 | 51 | $ | 10 | 10 | $ | (1) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **40** | **40** | **$** | **11** | **11** | **$** | **(21)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 09/17/2030 | 09/17/2030 | GBP | 700 | 700 | (3) | 7 | $4 | 4 | 4 | $1 | 1 | $0 |
| Receive | Receive | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 09/17/2055 | 09/17/2055 |  | 50 | 50 | 2 | (3) | (1) | (1) | (1) | 0 | 0 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 12/16/2050 | 12/16/2050 | $ | $280 | 280 | 84 | 57 | 141 | 141 | 141 | 1 | 1 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 06/20/2054 |  | 400 | 400 | 11 | 36 | 47 | 47 | 47 | 1 | 1 | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 | 03/18/2031 | EUR | 1910 | 1910 | 8 | (20) | (12) | (12) | (12) | 0 | 0 | (1) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 | 03/18/2056 |  | 90 | 90 | (1) | 6 | 5 | 5 | 5 | 0 | 0 | 0 |
| Pay | Pay | CAONREPO | 1.000 | Semi-Annual | 06/16/2026 | 06/16/2026 | CAD | 500 | 500 | (25) | 23 | (2) | (2) | (2) | 0 | 0 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **$** | **182** | **182** | **$** | **3** | **3** | **(1)** |

---

------

<br> Schedule of Investments PIMCO Climate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $522 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 6200 | 6200 | $40 | 40 | 40 | 1 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 561 | 561 | 364 | 364 | 364 | 0 | (10) |
|  |  | 6700 | 6700 | 43 | 43 | 43 | 0 | 0 |
|  |  | $24 | 24 | 21 | 21 | 21 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 390 | 390 | $459 | 459 | 459 | 1 | 0 |
|  |  | 13 | 13 | 17 | 17 | 17 | 0 | 0 |
|  |  | $21 | 21 | 18 | 18 | 18 | 0 | 0 |
|  |  | 67 | 67 | 6006 | 6006 | 6006 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 1143 | 1143 | $742 | 742 | 742 | 0 | (21) |
|  |  | 2300 | 2300 | 3021 | 3021 | 3021 | 0 | (80) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | $9 | 9 | 783 | 783 | 783 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 670 | 670 | $476 | 476 | 476 | 0 | (12) |
|  |  | 2871 | 2871 | 3333 | 3333 | 3333 | 0 | (43) |
|  |  | $32 | 32 | 4935 | 4935 | 4935 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 9900 | 9900 | $64 | 64 | 64 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | $65 | 65 | 10141 | 10141 | 10141 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 12297 | 12297 | $14237 | 14237 | 14237 | 0 | (221) |
|  |  | $155 | 155 | 24188 | 24188 | 24188 | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **$** | **(388)** |
| **(g)** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $281 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | $15764 | 15764 | $15764 | 15764 |
| Industrials | Industrials | Industrials | 0 | 0 | 6255 | 6255 | 6255 | 6255 |
| Utilities | Utilities | Utilities | 0 | 0 | 6372 | 6372 | 6372 | 6372 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Florida | Florida | Florida | 0 | 0 | 101 | 101 | 101 | 101 |
| New York | New York | New York | 0 | 0 | 111 | 111 | 111 | 111 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 1645 | 1645 | 1645 | 1645 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 311 | 311 | 311 | 311 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 531 | 531 | 531 | 531 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 50 | 50 | 50 | 50 |
| Other ABS | Other ABS | Other ABS | 0 | 0 | 656 | 656 | 656 | 656 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 4320 | 4320 | 4320 | 4320 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 5474 | 5474 | 5474 | 5474 |
| Total Investments | Total Investments | Total Investments | $0 | 0 | $41590 | 41590 | $41590 | 41590 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 8 | 8 | 6 | 6 | 14 | 14 |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 2 | 2 | 2 | 2 |
|  |  |  | $8 | 8 | $8 | 8 | $16 | 16 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (1) | (1) | (21) | (21) | (22) | (22) |
| Over the counter | Over the counter | Over the counter | 0 | 0 | (388) | (388) | (388) | (388) |
|  |  |  | $(1) | (1) | $(409) | (409) | $(410) | (410) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $7 | 7 | $(401) | (401) | $(394) | (394) |
| Totals | Totals | Totals | $7 | 7 | $41189 | 41189 | $41196 | 41196 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 121.3% ¤** |  |  |
| **CORPORATE BONDS & NOTES 8.6%**  |  |  |
| **BANKING & FINANCE 6.6%**  |  |  |
| **American Express Co.** <br>5.645% due 04/23/2027 •  | $24900 | $25022 |
| **Athene Global Funding**  |  |  |
| 4.696% due 07/16/2026 •  | 8000 | 8013 |
| 4.950% due 01/07/2027  | 500 | 504 |
| 5.620% due 05/08/2026  | 12900 | 12963 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 89 | 86 |
| **Banca Monte dei Paschi di Siena SpA** <br>7.708% due 01/18/2028 •  | 500 | 638 |
| **Bank of America Corp.**  |  |  |
| 4.979% due 01/24/2029 •  | $13900 | 14162 |
| 5.202% due 04/25/2029 •  | 200 | 205 |
| 5.933% due 09/15/2027 •  | 5400 | 5471 |
| **Bank of Montreal** <br>4.610% (SOFRINDX + 0.880%) due 09/10/2027 ~ | 4000 | 4012 |
| **Bank of Nova Scotia** <br>5.400% due 06/04/2027 | 15700 | 16040 |
| **Barclays PLC**  |  |  |
| 4.837% due 09/10/2028 •  | 2600 | 2632 |
| 5.674% due 03/12/2028 •  | 400 | 407 |
| **Citibank NA**  |  |  |
| 4.929% due 08/06/2026  | 11700 | 11763 |
| 5.438% due 04/30/2026  | 12600 | 12649 |
| 5.488% due 12/04/2026  | 6100 | 6182 |
| **Corebridge Global Funding** <br>4.900% due 01/07/2028 | 1000 | 1017 |
| **Equitable Financial Life Global Funding** <br>4.600% due 04/01/2027 | 15800 | 15915 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 5.125% due 11/05/2026  | 2000 | 2011 |
| 5.800% due 03/05/2027  | 2800 | 2836 |
| **Goldman Sachs Bank USA**  |  |  |
| 5.283% due 03/18/2027 •  | 24000 | 24061 |
| 5.414% due 05/21/2027 •  | 1400 | 1407 |
| **Goldman Sachs Group, Inc.** <br>5.049% due 07/23/2030 •  | 400 | 410 |
| **HPS Corporate Lending Fund** <br>5.450% due 01/14/2028 | 11900 | 12035 |
| **Jackson National Life Global Funding**  |  |  |
| 4.900% due 01/13/2027  | 1400 | 1412 |
| 4.933% (SOFRRATE + 0.970%) due 01/14/2028 ~  | 1300 | 1304 |
| 5.600% due 04/10/2026  | 850 | 854 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.979% due 07/22/2028 •  | 800 | 812 |
| 6.070% due 10/22/2027 •  | 1100 | 1118 |
| **JPMorgan Chase Bank NA** <br>5.110% due 12/08/2026 | 9400 | 9503 |
| **Morgan Stanley**  |  |  |
| 2.475% due 01/21/2028 •  | 148 | 146 |
| 2.699% (EUR003M + 0.650%) due 03/19/2027 ~  | 4000 | 4709 |
| 5.123% due 02/01/2029 •  | $100 | 102 |
| 5.652% due 04/13/2028 •  | 800 | 816 |
| **Morgan Stanley Bank NA**  |  |  |
| 4.447% due 10/15/2027 •  | 2650 | 2661 |
| 4.952% due 01/14/2028 •  | 2100 | 2120 |
| 4.968% due 07/14/2028 •  | 300 | 304 |
| 5.504% due 05/26/2028 •  | 6500 | 6634 |
| 5.882% due 10/30/2026  | 3700 | 3756 |
| **Morgan Stanley Private Bank NA** <br>4.466% due 07/06/2028 •  | 1000 | 1007 |
| **NatWest Markets PLC** <br>4.789% due 03/21/2028 | 1100 | 1119 |
| **PNC Bank NA** <br>4.429% due 07/21/2028 •  | 16600 | 16712 |
| **Protective Life Global Funding** <br>4.412% (SOFRRATE + 0.500%) due 07/22/2026 ~ | 11900 | 11919 |
| **RGA Global Funding** <br>5.250% due 01/09/2030 | 2100 | 2172 |
| **Royal Bank of Canada**  |  |  |
| 4.965% due 01/24/2029 •  | 6600 | 6726 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.069% due 07/23/2027 •  | 16000 | 16091 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>4.450% due 09/10/2027 | 2000 | 2019 |
| **Toronto-Dominion Bank** <br>4.861% due 01/31/2028 | 10800 | 10982 |
| **UBS Group AG** <br>1.305% due 02/02/2027 •  | 850 | 848 |
| **VICI Properties LP** <br>4.750% due 04/01/2028 | 350 | 354 |
| **Wells Fargo & Co.**  |  |  |
| 4.900% due 01/24/2028 •  | 3700 | 3732 |
| 5.707% due 04/22/2028 •  | 400 | 408 |
| **Wells Fargo Bank NA** <br>5.254% due 12/11/2026 | 28200 | 28545 |
|  |  | 319326 |
| **INDUSTRIALS 1.4%**  |  |  |
| **BMW U.S. Capital LLC** <br>4.750% due 03/21/2028 | 1600 | 1624 |
| **Boeing Co.** <br>2.196% due 02/04/2026 | 400 | 399 |
| **Broadcom, Inc.** <br>5.050% due 07/12/2027 | 14700 | 14971 |
| **Dell International LLC/EMC Corp.** <br>4.750% due 04/01/2028 | 1400 | 1420 |
| **Hyatt Hotels Corp.** <br>5.050% due 03/30/2028 | 400 | 407 |
| **Hyundai Capital America** <br>5.450% due 06/24/2026 | 2100 | 2113 |
| **International Business Machines Corp.** <br>4.650% due 02/10/2028 | 23400 | 23756 |
| **Mars, Inc.** <br>4.600% due 03/01/2028 | 3900 | 3954 |
| **NTT Finance Corp.** <br>4.620% due 07/16/2028 | 600 | 608 |
| **Occidental Petroleum Corp.** <br>5.000% due 08/01/2027 | 13400 | 13664 |
| **Oracle Corp.** <br>4.800% due 08/03/2028 | 2100 | 2111 |
| **Rio Tinto Finance USA PLC** <br>4.500% due 03/14/2028 | 1400 | 1418 |
|  |  | 66445 |
| **UTILITIES 0.6%**  |  |  |
| **DTE Energy Co.** <br>4.950% due 07/01/2027 | 500 | 507 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 4.685% due 09/01/2027  | 800 | 810 |
| 4.850% due 02/04/2028  | 11600 | 11824 |
| **NYSEG Storm Funding LLC** <br>4.713% due 05/01/2029 | 10913 | 11042 |
| **Oncor Electric Delivery Co. LLC** <br>4.500% due 03/20/2027 | 900 | 908 |
| **Pinnacle West Capital Corp.** <br>4.550% (SOFRRATE + 0.820%) due 06/10/2026 ~ | 400 | 401 |
| **Southern California Edison Co.**  |  |  |
| 3.650% due 03/01/2028  | 500 | 494 |
| 4.400% due 09/06/2026  | 200 | 200 |
| 4.700% due 06/01/2027  | 1400 | 1412 |
| 4.875% due 02/01/2027  | 500 | 503 |
| 5.350% due 03/01/2026  | 1120 | 1122 |
| 5.650% due 10/01/2028  | 200 | 207 |
| 5.850% due 11/01/2027  | 1327 | 1365 |
| 5.950% due 11/01/2032  | 400 | 424 |
| **Southern California Gas Co.** <br>2.600% due 06/15/2026 | 700 | 696 |
| **Verizon Communications, Inc.** <br>2.355% due 03/15/2032 | 379 | 334 |
|  |  | 32249 |
| Total Corporate Bonds & Notes (Cost $413,030) |  | 418020 |
| **U.S. GOVERNMENT AGENCIES 10.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 10/01/2026 - 11/01/2032 | 7042 | 6896 |
| 5.500% due 08/01/2054 - 01/01/2055 | 102384 | 103897 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 2.903% due 07/25/2054 ~ | 9193 | 8949 |
| 4.559% due 08/25/2027 •  | 2797 | 2797 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.478% due 07/15/2036 •  | 90 | 89 |
| 4.548% due 05/15/2032 •  | 582 | 579 |
| 4.698% due 12/15/2037 •  | 81 | 81 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.718% due 10/15/2037 •  | 251 | 251 |
| 4.774% due 11/25/2054 •  | 1863 | 1870 |
| 4.814% due 11/25/2054 •  | 34065 | 34211 |
| 4.824% due 10/25/2054 - 03/25/2055 •  | 16853 | 16968 |
| 4.974% due 11/25/2054 - 07/25/2055 •  | 18610 | 18658 |
| 5.024% due 01/25/2055 - 08/25/2055 •  | 7097 | 7126 |
| 5.074% due 02/25/2055 - 08/25/2055 •  | 10572 | 10617 |
| 5.109% due 04/15/2049 - 12/15/2050 •  | 4017 | 4026 |
| 5.124% due 05/25/2054 •  | 3522 | 3546 |
| 5.209% due 08/15/2048 •  | 1918 | 1933 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>4.548% due 09/15/2042 •  | 7 | 7 |
| **Federal National Mortgage Association**  |  |  |
| 1.630% due 05/01/2027 | 21800 | 21164 |
| 3.000% due 12/01/2026 | 58 | 57 |
| 3.500% due 02/01/2045 - 03/01/2048 | 1058 | 994 |
| 6.497% due 05/01/2038 •  | 1136 | 1185 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.419% due 10/25/2036 •  | 8 | 8 |
| 4.439% due 08/25/2037 •  | 247 | 246 |
| 4.774% due 09/25/2054 •  | 6306 | 6328 |
| 4.824% due 11/25/2053 - 03/25/2055 •  | 6770 | 6801 |
| 4.924% due 01/25/2055 •  | 3108 | 3116 |
| 4.974% due 07/25/2055 •  | 3375 | 3388 |
| 5.009% due 01/25/2051 •  | 2061 | 2064 |
| 5.054% due 08/25/2055 •  | 4335 | 4352 |
| 5.074% due 10/25/2053 - 07/25/2055 •  | 8512 | 8554 |
| 5.109% due 12/25/2050 •  | 1690 | 1689 |
| **Government National Mortgage Association**  |  |  |
| 0.000% due 10/16/2053 ~(a) | 569 | 0 |
| 7.000% due 06/20/2055 | 4300 | 4371 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.287% due 10/20/2043 •  | 1483 | 1440 |
| 4.568% due 05/20/2074 •  | 854 | 854 |
| 4.757% due 12/20/2069 •  | 3729 | 3762 |
| 4.864% due 10/20/2063 •  | 67 | 67 |
| 4.927% due 08/20/2068 •  | 2213 | 2228 |
| 5.014% due 09/20/2069 •  | 1441 | 1452 |
| **U.S. Small Business Administration**  |  |  |
| 5.160% due 02/01/2028 | 6 | 6 |
| 5.310% due 05/01/2027 | 7 | 7 |
| 5.510% due 11/01/2027 | 5 | 5 |
| 5.820% due 06/01/2026 | 2 | 2 |
| 5.870% due 07/01/2028 | 4 | 4 |
| 6.020% due 08/01/2028 | 2 | 3 |
| 6.770% due 11/01/2028 | 10 | 10 |
| **Uniform Mortgage-Backed Security, TBA**<br>4.000% due 02/01/2056 | 242700 | 230088 |
| Total U.S. Government Agencies (Cost $523,569) |  | 526746 |
| **U.S. TREASURY OBLIGATIONS 3.0%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 3.000% due 05/15/2045 (h) | 2010 | 1548 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.750% due 02/15/2042  | 2477 | 1931 |
| 0.875% due 02/15/2047  | 2245 | 1620 |
| 1.000% due 02/15/2049  | 1083 | 780 |
| 1.375% due 02/15/2044 (h) | 4275 | 3583 |
| 1.375% due 02/15/2044  | 10530 | 8826 |
| 2.125% due 02/15/2040  | 1568 | 1554 |
| 2.125% due 02/15/2041  | 140 | 137 |
| 2.500% due 01/15/2029 (h) | 39961 | 41258 |
| 3.375% due 04/15/2032  | 1334 | 1473 |
| 3.875% due 04/15/2029  | 2791 | 3007 |
| 0.125% due 07/15/2026  | 5599 | 5567 |
| 0.250% due 07/15/2029 (h)(j) | 1272 | 1225 |
| 0.375% due 01/15/2027 (j) | 202 | 200 |
| 0.500% due 01/15/2028  | 8046 | 7906 |
| 1.875% due 07/15/2035 (h)(j) | 40865 | 40769 |
| **U.S. Treasury Notes**  |  |  |
| 1.625% due 05/15/2026 | 25577 | 25399 |
| Total U.S. Treasury Obligations (Cost $152,766) |  | 146783 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.3%**  |  |  |
| **Ashford Hospitality Trust** <br>4.823% due 04/15/2035 •  | 146 | 146 |
| **Atrium Hotel Portfolio Trust** <br>4.978% due 12/15/2036 •  | 1785 | 1763 |
| **Avon Finance** <br>4.642% due 12/28/2049 •  | 10664 | 14394 |
| **Banc of America Funding Trust** <br>4.443% due 05/20/2036 ~ | $153 | 134 |
| **BBCMS Trust** <br>5.048% due 07/15/2037 •  | 4300 | 4205 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bear Stearns ALT-A Trust** <br>4.718% due 07/25/2035 ~ | 381 | 231 |
| **Bear Stearns ARM Trust** <br>6.470% due 01/25/2035 ~ | 48 | 49 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 31 | 22 |
| **Chase Home Lending Mortgage Trust** <br>5.124% due 05/25/2055 •  | 798 | 801 |
| **Chase Mortgage Finance Trust**  |  |  |
| 5.691% due 02/25/2037 ~  | 50 | 50 |
| 6.731% due 02/25/2037 ~  | 21 | 21 |
| **ChaseFlex Trust** <br>6.300% due 06/25/2036 ~ | 37 | 33 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.126% due 01/25/2035 •  | 1 | 1 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.589% due 08/20/2035 ~  | 578 | 546 |
| 4.773% due 11/20/2034 ~  | 77 | 74 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.224% due 07/25/2054 •  | 120 | 120 |
| 6.040% due 11/25/2035 •  | 18 | 18 |
| **CLNY Trust** <br>5.278% due 11/15/2038 •  | 2704 | 2667 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 6.000% due 03/25/2037  | 5241 | 1747 |
| 6.500% due 09/25/2037  | 1325 | 464 |
| **Eurosail-U.K. PLC** <br>4.851% due 06/13/2045 •  | 274 | 369 |
| **First Horizon Alternative Mortgage Securities Trust** <br>4.958% due 04/25/2035 ~ | $85 | 84 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.951% due 09/25/2035 ~  | 3 | 3 |
| 4.970% due 11/25/2035 ~  | 29 | 28 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.106% due 03/19/2037 •  | 441 | 414 |
| 4.256% due 12/19/2036 •  | 6056 | 4942 |
| 4.466% due 11/19/2035 •  | 175 | 112 |
| 4.528% due 06/20/2035 •  | 225 | 212 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.197% due 11/25/2035 ~ | 100 | 75 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.266% due 07/25/2036 •  | 548 | 538 |
| **JP Morgan Alternative Loan Trust** <br>6.810% due 08/25/2036 þ | 609 | 601 |
| **Kinbane 2 DAC** <br>3.003% due 01/24/2063 ~ | 1641 | 1933 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.633% due 11/21/2034 ~ | $48 | 48 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>4.605% due 09/15/2030 •  | 8 | 6 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.345% due 06/15/2030 •  | 1 | 1 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.766% due 06/25/2035 ~  | 59 | 58 |
| 5.223% due 12/25/2034 ~  | 21 | 20 |
| **Merrion Square Residential DAC** <br>3.003% due 03/24/2081 •  | 2304 | 2712 |
| **MFA Trust** <br>4.112% due 12/25/2066 ~ | $2516 | 2499 |
| **MRCD Mortgage Trust** <br>2.718% due 12/15/2036 | 7500 | 6360 |
| **New Orleans Hotel Trust** <br>4.787% due 04/15/2032 •  | 1674 | 1664 |
| **Oceanview Mortgage Trust** <br>4.674% due 11/25/2054 •  | 289 | 289 |
| **RALI Trust**  |  |  |
| 4.206% due 06/25/2046 •  | 99 | 20 |
| 6.000% due 09/25/2036  | 374 | 302 |
| **RCKT Mortgage Trust**  |  |  |
| 5.158% due 10/25/2044 þ  | 673 | 676 |
| 5.582% due 12/25/2044 þ  | 867 | 876 |
| **Residential Asset Securitization Trust** <br>6.500% due 09/25/2036 | 7173 | 2061 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>4.937% due 11/25/2034 •  | 350 | 332 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.266% due 05/25/2036 •  | 45 | 32 |
| 4.526% due 05/19/2035 •  | 18 | 17 |
| **Thornburg Mortgage Securities Trust** <br>5.463% due 03/25/2037 •  | 1138 | 809 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.856% due 07/20/2053 •  | 2554 | 3446 |
| **Trinity Square PLC** <br>4.844% (SONIO/N + 0.900%) due 07/15/2059 ~ | 1093 | 1474 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.586% due 11/25/2034 •  | $87 | 85 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.586% due 01/25/2045 •  | 114 | 114 |
| 4.646% due 01/25/2045 •  | 121 | 119 |
| 4.966% due 01/25/2035 ~  | 19 | 18 |
| 5.362% due 06/25/2034 ~  | 16 | 15 |
| 5.974% due 10/25/2034 ~  | 13 | 13 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.064% due 04/25/2036 ~ | 83 | 82 |
| Total Non-Agency Mortgage-Backed Securities (Cost $67,525) |  | 60945 |
| **ASSET-BACKED SECURITIES 12.7%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.1%**  |  |  |
| **Cars Alliance Auto Loans Germany V** <br>2.463% due 01/18/2036 •  | 1488 | 1751 |
| **GLS Auto Select Receivables Trust** <br>4.500% due 11/15/2030 | $1000 | 1005 |
| **Nissan Auto Lease Trust** <br>4.394% due 06/15/2027 •  | 784 | 784 |
| **Westlake Automobile Receivables Trust** <br>4.554% due 09/15/2027 •  | 796 | 796 |
|  |  | 4336 |
| **AUTOMOBILE SEQUENTIAL 5.0%**  |  |  |
| **American Credit Acceptance Receivables Trust** <br>4.810% due 03/13/2028 | 88 | 88 |
| **Bank of America Auto Trust** <br>5.530% due 02/15/2028 | 2338 | 2354 |
| **Bayview Opportunity Master Fund VII Trust** <br>5.660% due 03/15/2028 | 289 | 290 |
| **BMW Canada Auto Trust** <br>4.844% due 07/20/2027 | 197 | 145 |
| **Bridgecrest Lending Auto Securitization Trust**  |  |  |
| 4.720% due 09/15/2028  | $1000 | 1002 |
| 4.840% due 09/15/2027  | 65 | 65 |
| 5.340% due 04/17/2028  | 217 | 218 |
| **CarMax Auto Owner Trust**  |  |  |
| 3.950% due 03/15/2029  | 28800 | 28849 |
| 4.350% due 07/15/2030  | 10700 | 10800 |
| 4.750% due 10/15/2027  | 404 | 404 |
| 4.890% due 07/16/2029  | 500 | 506 |
| 5.340% due 08/16/2027  | 240 | 241 |
| 6.000% due 07/17/2028  | 844 | 855 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.190% due 03/12/2029  | 3834 | 3842 |
| 4.530% due 01/10/2029  | 1500 | 1503 |
| 4.640% due 01/10/2030  | 1950 | 1963 |
| 4.840% due 12/10/2027  | 188 | 188 |
| 5.330% due 07/10/2029  | 898 | 905 |
| **Chase Auto Owner Trust**  |  |  |
| 4.940% due 07/25/2029  | 10000 | 10100 |
| 5.250% due 09/27/2027  | 114 | 114 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 2683 | 2699 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.910% due 06/15/2028  | 216 | 216 |
| 5.880% due 02/15/2028  | 38 | 38 |
| **Drive Auto Receivables Trust**  |  |  |
| 4.500% due 09/15/2028  | 1000 | 1001 |
| 4.940% due 12/15/2027  | 83 | 83 |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.650% due 10/20/2027  | 889 | 892 |
| 4.820% due 02/20/2029  | 1000 | 1018 |
| **Exeter Select Automobile Receivables Trust** <br>4.540% due 06/15/2029 | 2188 | 2196 |
| **FCCU Auto Receivables Trust**  |  |  |
| 4.870% due 01/16/2029  | 842 | 845 |
| 5.760% due 11/15/2027  | 30 | 30 |
| **FHF Issuer Trust** <br>5.890% due 06/15/2030 | 243 | 244 |
| **First Investors Auto Owner Trust** <br>4.250% due 07/15/2030 | 7400 | 7434 |
| **Flagship Credit Auto Trust**  |  |  |
| 4.880% due 11/15/2028  | 412 | 412 |
| 5.640% due 03/15/2028  | 274 | 274 |
| **Ford Credit Auto Owner Trust** <br>4.650% due 02/15/2028 | 387 | 388 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.750% due 07/17/2028  | 1000 | 1003 |
| 4.760% due 10/15/2027  | 145 | 145 |
| 5.020% due 04/17/2028  | 963 | 964 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 626 | 628 |
| 4.460% due 10/15/2030  | 976 | 983 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.590% due 10/15/2029  | 277 | 280 |
| 5.960% due 10/16/2028  | 4197 | 4230 |
| **GM Financial Consumer Automobile Receivables Trust**  |  |  |
| 4.400% due 08/16/2029  | 1100 | 1109 |
| 4.470% due 02/16/2028  | 794 | 796 |
| **Hertz Vehicle Financing III LLC** <br>5.490% due 06/25/2027 | 8290 | 8318 |
| **Hyundai Auto Lease Securitization Trust** <br>4.830% due 01/18/2028 | 12100 | 12226 |
| **Hyundai Auto Receivables Trust**  |  |  |
| 4.410% due 05/15/2029  | 1800 | 1815 |
| 4.990% due 02/15/2029  | 1696 | 1710 |
| **LAD Auto Receivables Trust** <br>4.690% due 07/16/2029 | 15200 | 15329 |
| **Lendbuzz Securitization Trust** <br>5.100% due 10/15/2030 | 772 | 772 |
| **M&T Bank Auto Receivables Trust** <br>4.730% due 06/17/2030 | 19300 | 19573 |
| **Research-Driven Pagaya Motor Asset Trust** <br>7.130% due 01/26/2032 | 157 | 157 |
| **Research-Driven Pagaya Motor Trust** <br>7.090% due 06/25/2032 | 194 | 195 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.380% due 01/15/2030  | 16900 | 16989 |
| 4.620% due 11/15/2028  | 968 | 970 |
| 4.630% due 10/16/2028  | 1469 | 1473 |
| 4.670% due 08/15/2029  | 10500 | 10561 |
| 4.850% due 01/16/2029  | 1758 | 1763 |
| 5.630% due 01/16/2029  | 441 | 443 |
| **SCCU Auto Receivables Trust**  |  |  |
| 4.570% due 01/15/2031  | 3400 | 3434 |
| 4.670% due 11/15/2028  | 1455 | 1460 |
| 4.680% due 09/15/2031  | 1500 | 1524 |
| 5.110% due 06/15/2029  | 500 | 504 |
| 5.450% due 12/15/2027  | 84 | 85 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.440% due 12/20/2030  | 24200 | 24431 |
| 4.520% due 11/20/2028  | 4059 | 4068 |
| 4.750% due 07/22/2030  | 19050 | 19262 |
| **Toyota Auto Receivables Owner Trust** <br>4.630% due 09/15/2027 | 479 | 481 |
| **Veros Auto Receivables Trust**  |  |  |
| 5.310% due 09/15/2028  | 283 | 284 |
| 6.280% due 11/15/2027  | 64 | 64 |
| **Volkswagen Auto Lease Trust** <br>5.400% due 12/21/2026 | 335 | 335 |
| **Westlake Automobile Receivables Trust**  |  |  |
| 4.820% due 09/15/2027  | 572 | 573 |
| 5.440% due 05/17/2027  | 109 | 109 |
| **World Omni Auto Receivables Trust** <br>5.610% due 02/15/2028 | 1049 | 1054 |
| **World Omni Select Auto Trust** <br>4.980% due 02/15/2030 | 500 | 503 |
|  |  | 242805 |
| **CMBS OTHER 0.2%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 162 | 163 |
| **AREIT Trust** <br>5.978% due 06/17/2039 •  | 2185 | 2185 |
| **BDS LLC** <br>5.531% due 03/19/2039 •  | 1185 | 1187 |
| **GPMT Ltd.** <br>5.349% due 07/16/2035 •  | 152 | 153 |
| **HGI CRE CLO Ltd.** <br>5.674% due 04/20/2037 •  | 1318 | 1315 |
| **KREF Ltd.** <br>5.181% due 02/17/2039 •  | 480 | 481 |
| **LoanCore Issuer Ltd.** <br>5.165% due 11/15/2038 •  | 102 | 102 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 2068 | 2070 |
| **MF1 Ltd.** <br>5.081% due 02/19/2037 •  | 649 | 649 |
| **Ready Capital Mortgage Financing LLC** <br>5.046% due 11/25/2036 •  | 109 | 109 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 1895 | 1892 |
|  |  | 10306 |
| **CREDIT CARD BULLET 0.5%**  |  |  |
| **Synchrony Card Funding LLC** <br>4.930% due 07/15/2030 | 22900 | 23281 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CREDIT CARD OTHER 0.2%**  |  |  |
| **Golden Credit Card Trust**  |  |  |
| 1.140% due 08/15/2028  | 4500 | 4424 |
| 1.970% due 01/15/2029  | 7000 | 6864 |
|  |  | 11288 |
| **HOME EQUITY OTHER 0.4%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.746% due 12/25/2034 •  | 307 | 283 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.306% due 11/25/2036 •  | 2473 | 2439 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.506% due 02/25/2036 •  | 3990 | 3963 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.626% due 11/25/2034 •  | 150 | 147 |
| 4.881% due 12/25/2035 •  | 2177 | 2150 |
| 5.571% due 11/25/2034 •  | 2519 | 2323 |
| **Fremont Home Loan Trust**  |  |  |
| 4.126% due 01/25/2037 •  | 1343 | 696 |
| 4.326% due 10/25/2036 •  | 5023 | 2014 |
| **GSAMP Trust** <br>4.246% due 11/25/2036 •  | 640 | 300 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.616% due 11/25/2034 •  | 105 | 105 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.881% due 07/25/2035 •  | 2703 | 2671 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.126% due 01/25/2037 •  | 1432 | 939 |
| 4.126% due 03/25/2037 •  | 1115 | 749 |
| **Saxon Asset Securities Trust** <br>4.156% due 09/25/2037 •  | 321 | 312 |
| **Soundview Home Loan Trust** <br>4.796% due 10/25/2037 •  | 641 | 507 |
|  |  | 19598 |
| **WHOLE LOAN COLLATERAL 0.1%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.846% due 09/25/2046 •  | 194 | 175 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.606% due 12/25/2035 •  | 2278 | 2264 |
|  |  | 2439 |
| **OTHER ABS 6.2%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 3500 | 3506 |
| **ACHV ABS Trust**  |  |  |
| 5.010% due 12/26/2031  | 403 | 407 |
| 5.070% due 10/27/2031  | 130 | 131 |
| 5.900% due 04/25/2031  | 58 | 59 |
| **Affirm Asset Securitization Trust** <br>5.220% due 12/17/2029 | 55 | 55 |
| **Affirm Master Trust** <br>4.670% due 07/15/2033 | 1200 | 1209 |
| **AlbaCore Euro CLO IV DAC** <br>2.999% due 07/15/2035 •  | 1000 | 1176 |
| **AMMC CLO 27 Ltd.** <br>4.964% due 01/20/2037 •  | $1100 | 1100 |
| **Apidos CLO XI** <br>5.122% due 04/17/2034 •  | 3000 | 3004 |
| **Arbour CLO VI DAC** <br>3.214% due 11/15/2037 •  | 2000 | 2355 |
| **ARES European CLO XIV DAC** <br>3.040% due 10/21/2034 •  | 700 | 824 |
| **ARES LX CLO Ltd.** <br>5.064% due 07/18/2034 •  | $1500 | 1500 |
| **Ascent Education Funding Trust** <br>6.140% due 10/25/2050 | 336 | 346 |
| **Atlas Senior Loan Fund XIII** <br>5.199% due 04/22/2031 •  | 40 | 40 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 1750 | 1750 |
| **Atlas Senior Loan Fund XVII Ltd.** <br>4.944% due 10/20/2034 •  | 3000 | 2993 |
| **Avoca Static CLO I DAC** <br>2.996% due 01/15/2035 •  | 723 | 849 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.960% due 10/21/2034 •  | $4000 | 4000 |
| 5.042% due 07/17/2035 •  | 1650 | 1651 |
| 5.070% due 10/23/2034 •  | 4000 | 4004 |
| 5.124% due 07/16/2034 •  | 4000 | 4004 |
| 5.124% due 07/19/2034 •  | 2600 | 2601 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bain Capital Euro CLO DAC** <br>3.036% due 07/17/2034 •  | 3900 | 4590 |
| **Barings Euro CLO DAC** <br>0.000% due 08/15/2039 •(b) | 2000 | 2350 |
| **BHG Securitization Trust**  |  |  |
| 4.820% due 04/17/2036  | $664 | 671 |
| 4.840% due 09/17/2036  | 895 | 905 |
| 5.260% due 04/17/2036  | 898 | 908 |
| **BlackRock European CLO XI DAC** <br>2.996% due 07/17/2034 •  | 11304 | 13296 |
| **BlueMountain CLO Ltd.** <br>5.048% due 10/25/2030 •  | $343 | 344 |
| **BlueMountain CLO XXII Ltd.** <br>5.246% due 07/15/2031 •  | 148 | 148 |
| **BlueMountain CLO XXXIV Ltd.** <br>5.034% due 04/20/2035 •  | 1500 | 1501 |
| **BNPP AM Euro CLO DAC** <br>2.835% due 07/22/2032 •  | 6389 | 7491 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 2000 | 2353 |
| **Capital Street Master Trust** <br>5.324% due 10/16/2028 •  | $1500 | 1501 |
| **Cedar Funding V CLO Ltd.** <br>5.243% due 07/17/2031 •  | 407 | 408 |
| **College Avenue Student Loans LLC** <br>5.774% due 05/25/2055 •  | 963 | 981 |
| **Contego CLO III BV** <br>3.297% due 04/15/2038 •  | 1000 | 1176 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(b) | 2000 | 2350 |
| **DLLAA LLC** <br>4.700% due 10/20/2027 | $4944 | 4964 |
| **Dryden 60 CLO Ltd.** <br>5.216% due 07/15/2031 •  | 393 | 393 |
| **Dryden 86 CLO Ltd.** <br>5.012% due 07/17/2034 •  | 1500 | 1500 |
| **Elevation CLO Ltd.** <br>5.158% due 01/25/2035 •  | 8600 | 8612 |
| **Fortress Credit BSL VII Ltd.** <br>4.950% due 07/23/2032 •  | 1116 | 1117 |
| **Fortress Credit BSL X Ltd.** <br>5.014% due 04/20/2033 •  | 1500 | 1502 |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | 1200 | 1200 |
| **GreenSky Home Improvement Issuer Trust**  |  |  |
| 4.890% due 06/25/2060  | 1276 | 1286 |
| 5.020% due 06/25/2060  | 1500 | 1524 |
| 5.150% due 10/27/2059  | 1000 | 1020 |
| 5.250% due 10/27/2059  | 138 | 139 |
| **GreenSky Home Improvement Trust** <br>5.880% due 06/25/2059 | 57 | 58 |
| **Greywolf CLO IV Ltd.** <br>5.122% due 04/17/2034 •  | 1600 | 1602 |
| **Grosvenor Place CLO DAC**  |  |  |
| 3.249% due 01/15/2039 •  | 2000 | 2352 |
| 3.383% due 08/15/2039 •  | 2000 | 2350 |
| **Harvest CLO XXII DAC** <br>2.859% due 01/15/2032 •  | 4009 | 4716 |
| **Hayfin Emerald CLO II DAC** <br>2.916% due 05/27/2034 •  | 28266 | 33172 |
| **ICG Euro CLO DAC** <br>3.059% due 10/15/2034 •  | 8000 | 9414 |
| **ICG U.S. CLO Ltd.** <br>5.034% due 10/20/2034 •  | $4000 | 4002 |
| **Indigo Credit Management I DAC** <br>0.000% due 10/15/2037 •  | 2000 | 2350 |
| **Invesco Euro CLO XI DAC** <br>3.283% due 10/22/2036 •  | 2000 | 2352 |
| **Jamestown CLO XVIII Ltd.** <br>5.128% due 07/25/2035 •  | $3500 | 3505 |
| **KKR CLO 27 Ltd.** <br>5.015% due 01/15/2035 •  | 1000 | 1000 |
| **KKR CLO 33 Ltd.** <br>4.993% due 07/20/2034 •  | 850 | 850 |
| **LCM 30 Ltd.** <br>5.226% due 04/20/2031 •  | 225 | 225 |
| **LCM 31 Ltd.** <br>5.164% due 07/20/2034 •  | 2000 | 2003 |
| **LCM 36 Ltd.** <br>4.975% due 01/15/2034 •  | 3000 | 2996 |
| **LCM XVII LP** <br>5.296% due 10/15/2031 •  | 45 | 45 |
| **LendingPoint Pass-Through Trust** <br>4.000% due 05/15/2028 | 232 | 232 |
| **M&T Equipment Notes** <br>4.990% due 08/18/2031 | 518 | 520 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 4350 | 4347 |
| **Massachusetts Educational Financing Authority** <br>5.525% due 04/25/2038 •  | 138 | 138 |
| **Navesink CLO 2 Ltd.** <br>0.000% due 01/15/2036 •(b) | 1450 | 1450 |
| **Navient Private Education Loan Trust**  |  |  |
| 5.315% due 07/16/2040 •  | 819 | 821 |
| 5.565% due 11/15/2030 •  | 36 | 36 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 0.940% due 07/15/2069  | 5126 | 4700 |
| 1.170% due 09/16/2069  | 204 | 193 |
| 5.465% due 11/15/2068 •  | 773 | 779 |
| **Navient Student Loan Trust** <br>4.845% due 12/15/2059 •  | 2877 | 2874 |
| **Northwoods Capital XII-B Ltd.** <br>4.913% due 06/15/2031 •  | 1357 | 1358 |
| **Ocean Trails CLO X** <br>5.205% due 10/15/2034 •  | 3000 | 3006 |
| **OFSI BSL X Ltd.** <br>5.154% due 04/20/2034 •  | 4000 | 4006 |
| **OneMain Financial Issuance Trust** <br>4.744% due 06/16/2036 •  | 1200 | 1202 |
| **Oportun Funding Trust** <br>4.960% due 08/16/2032 | 293 | 293 |
| **Oportun Issuance Trust**  |  |  |
| 5.010% due 02/08/2033  | 1000 | 1000 |
| 5.860% due 02/09/2032  | 33 | 33 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 4.684% due 08/17/2026  | 726 | 726 |
| 5.065% due 03/15/2032  | 130 | 130 |
| 5.092% due 07/15/2032  | 184 | 185 |
| 5.156% due 07/15/2032  | 673 | 679 |
| 5.183% due 06/15/2032  | 162 | 163 |
| 5.331% due 01/15/2032  | 120 | 120 |
| 6.278% due 10/15/2031  | 123 | 123 |
| **Pagaya AI Debt Grantor Trust & Pagaya AI Debt Trust** <br>6.093% due 11/15/2031 | 143 | 144 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 140 | 141 |
| **Pagaya AI Debt Trust**  |  |  |
| 6.258% due 10/15/2031  | 116 | 117 |
| 6.660% due 07/15/2031  | 97 | 98 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 2.859% due 10/15/2034 •  | 2709 | 3186 |
| 3.047% due 07/15/2035 •  | 1500 | 1763 |
| 3.054% due 05/15/2034 •  | 1146 | 1346 |
| **PEAC Solutions Receivables LLC** <br>4.940% due 10/20/2028 | $1000 | 1007 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 1000 | 1175 |
| **PK ALIFT Loan Funding 4 LP** <br>5.052% due 10/15/2039 | $699 | 702 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | 3200 | 3200 |
| **Post Road Equipment Finance LLC** <br>4.900% due 05/15/2031 | 921 | 929 |
| **PPM CLO 3 Ltd.** <br>5.002% due 07/17/2034 •  | 1350 | 1350 |
| **Providus CLO II DAC** <br>3.169% due 10/15/2038 •  | 1000 | 1177 |
| **Providus CLO V DAC** <br>3.314% due 11/15/2039 •  | 6000 | 7057 |
| **Reach ABS Trust**  |  |  |
| 4.930% due 08/18/2032  | $370 | 372 |
| 4.960% due 08/16/2032  | 436 | 438 |
| 5.880% due 07/15/2031  | 104 | 104 |
| **Riserva CLO Ltd.** <br>4.934% due 01/18/2034 •  | 1550 | 1550 |
| **Rockford Tower CLO Ltd.** <br>5.084% due 07/20/2035 •  | 700 | 701 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  | 1500 | 1501 |
| **Romark CLO V Ltd.** <br>5.095% due 01/15/2035 •  | 2300 | 2302 |
| **Sandstone Peak Ltd.** <br>5.185% due 10/15/2034 •  | 4000 | 4007 |
| **Shackleton CLO Ltd.** <br>5.084% due 07/20/2034 •  | 850 | 851 |
| **SLM Private Education Loan Trust** <br>8.615% due 10/15/2041 •  | 1093 | 1150 |
| **SMB Private Education Loan Trust**  |  |  |
| 4.595% due 01/15/2053 •  | 1296 | 1284 |
| 4.665% due 02/15/2036 •  | 879 | 879 |
| 4.665% due 01/15/2053 •  | 9520 | 9458 |
| 4.696% due 09/15/2054 •  | 147 | 146 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| 5.090% due 10/16/2056  | 821 | 821 | 835 |
| **SoFi Consumer Loan Program Trust** <br>4.820% due 06/25/2034 | 1700 | 1700 | 1710 |
| **Sounds Point CLO IV-R Ltd.** <br>5.296% due 04/18/2031 •  | 434 | 434 | 434 |
| **St. Paul's CLO XII DAC** <br>2.929% due 04/15/2033 •  | 7969 | 7969 | 9376 |
| **Symphony CLO 36 Ltd.** <br>0.000% due 01/20/2036 •(b) | $2050 | 2050 | 2050 |
| **Symphony CLO XXII Ltd.** <br>5.064% due 04/18/2033 •  | 3352 | 3352 | 3354 |
| **Thayer Park CLO Ltd.** <br>4.868% due 04/20/2034 •  | 1050 | 1050 | 1050 |
| **THL Credit Wind River CLO Ltd.** <br>5.105% due 04/15/2035 •  | 2650 | 2650 | 2652 |
| **TIAA CLO IV Ltd.** <br>5.024% due 01/20/2032 •  | 672 | 672 | 673 |
| **Tikehau CLO IX DAC** <br>3.224% due 01/20/2037 •  | 1000 | 1000 | 1176 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 2000 | 2000 | 2352 |
| **Trinitas CLO XX Ltd.** <br>4.924% due 07/20/2035 •  | $2900 | 2900 | 2894 |
| **Upstart Securitization Trust** <br>5.220% due 06/20/2035 | 1321 | 1321 | 1328 |
| **Upstart Structured Pass-Through Trust** <br>4.250% due 06/17/2030 | 90 | 90 | 90 |
| **Verdelite Static CLO Ltd.** <br>5.014% due 07/20/2032 •  | 1390 | 1390 | 1391 |
| **Voya Euro CLO III DAC** <br>2.929% due 04/15/2033 •  | 9352 | 9352 | 11002 |
| **Whetstone Park CLO Ltd.** <br>4.954% due 01/20/2035 •  | $2050 | 2050 | 2050 |
| **Wind River CLO Ltd.** <br>4.965% due 10/15/2034 •  | 3979 | 3979 | 3969 |
|  |  |  | 300421 |
| Total Asset-Backed Securities (Cost $593,522) |  |  | 614474 |
| **SOVEREIGN ISSUES 2.6%**  |  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | 584200 | 584200 | 103129 |
| **Saudi Government International Bonds** <br>5.125% due 01/13/2028 | $21900 | 21900 | 22385 |
| Total Sovereign Issues (Cost $125,037) |  |  | 125514 |
|  | SHARES | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |  |
| **FINANCIALS 0.0%**  |  |  |  |
| **Banca Monte dei Paschi di Siena SpA** | 46500 | 46500 | 495 |
| Total Common Stocks (Cost $91) |  |  | 495 |
|  | OUNCES | OUNCES |  |
| **COMMODITIES 17.4%**  |  |  |  |
| - Gold Warehouse Receipts  |  | 276270 | 727052 |
| - Silver Warehouse Receipts  |  | 47679 | 114961 |
| Total Commodities (Cost $323,949) |  |  | 842013 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 64.8%**  |  |  |  |
| **COMMERCIAL PAPER 6.5%**  |  |  |  |
| **Air Lease Corp.**  |  |  |  |
| 4.000% due 01/14/2026  | $2600 | 2600 | 2596 |
| 4.100% due 01/15/2026  | 2000 | 2000 | 1997 |
| 4.150% due 01/02/2026  | 8200 | 8200 | 8198 |
| 4.180% due 01/07/2026  | 4100 | 4100 | 4097 |
| 4.180% due 01/09/2026  | 3200 | 3200 | 3197 |
| 4.220% due 01/12/2026  | 4400 | 4400 | 4394 |
| 4.220% due 01/13/2026  | 3200 | 3200 | 3195 |
| 4.300% due 01/08/2026  | 3500 | 3500 | 3497 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 4.110% due 01/08/2026  | 4300 | 4296 |
| 4.150% due 01/20/2026  | 1750 | 1746 |
| **AMETEK, Inc.**  |  |  |
| 4.020% due 01/12/2026  | 12800 | 12784 |
| 4.150% due 01/06/2026  | 5800 | 5796 |
| 4.150% due 01/12/2026  | 6800 | 6791 |
| **Bacardi-Martini BV**  |  |  |
| 4.350% due 01/29/2026  | 800 | 797 |
| 4.350% due 02/05/2026  | 1200 | 1195 |
| **Conagra Brands, Inc.**  |  |  |
| 4.050% due 01/05/2026  | 1200 | 1199 |
| 4.050% due 01/12/2026  | 1800 | 1798 |
| 4.100% due 01/13/2026  | 2800 | 2796 |
| 4.130% due 01/07/2026  | 1100 | 1099 |
| **Crown Castle, Inc.**  |  |  |
| 4.140% due 01/22/2026  | 2000 | 1995 |
| 4.150% due 01/20/2026  | 57400 | 57267 |
| 4.150% due 01/22/2026  | 4700 | 4688 |
| **Edison International**  |  |  |
| 4.250% due 01/02/2026  | 2900 | 2899 |
| 4.550% due 01/05/2026  | 2700 | 2698 |
| 4.550% due 01/06/2026  | 9000 | 8994 |
| 4.550% due 01/07/2026  | 1900 | 1898 |
| **Enbridge U.S., Inc.**  |  |  |
| 4.040% due 01/02/2026  | 2800 | 2799 |
| 4.040% due 01/07/2026  | 5800 | 5796 |
| **Equifax, Inc.** <br>4.060% due 01/09/2026 | 3600 | 3597 |
| **ERAC USA Finance LLC** <br>4.200% due 01/12/2026 | 9000 | 8988 |
| **Fidelity National Information Services, Inc.** <br>3.950% due 01/23/2026 | 2600 | 2594 |
| **HA Sustainable Infrastructure Capital, Inc.**  |  |  |
| 4.150% due 01/08/2026  | 2800 | 2797 |
| 4.550% due 01/13/2026  | 1500 | 1498 |
| **HCA, Inc.**  |  |  |
| 4.100% due 01/20/2026  | 8500 | 8481 |
| 4.100% due 01/21/2026  | 4600 | 4589 |
| 4.100% due 01/26/2026  | 2500 | 2493 |
| 4.120% due 01/20/2026  | 2000 | 1996 |
| 4.120% due 02/04/2026  | 1900 | 1893 |
| 4.120% due 02/12/2026  | 5700 | 5672 |
| 4.300% due 01/07/2026  | 36000 | 35972 |
| 4.300% due 01/13/2026  | 6900 | 6890 |
| **International Flavors & Fragrances, Inc.** <br>4.100% due 01/30/2026 | 900 | 897 |
| **Jabil, Inc.**  |  |  |
| 4.130% due 01/07/2026  | 3700 | 3697 |
| 4.130% due 01/12/2026  | 3900 | 3894 |
| 4.130% due 01/14/2026  | 9600 | 9584 |
| 4.150% due 01/07/2026  | 2400 | 2398 |
| 4.150% due 01/12/2026  | 400 | 399 |
| 4.150% due 01/13/2026  | 1900 | 1897 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 4.000% due 01/07/2026  | 4100 | 4097 |
| 4.240% due 01/09/2026  | 8200 | 8192 |
| 4.260% due 01/05/2026  | 2000 | 1999 |
| 4.270% due 01/14/2026  | 3900 | 3894 |
| **Oracle Corp.** <br>4.220% due 01/16/2026 | 9410 | 9394 |
| **Southern California Edison Co.**  |  |  |
| 4.550% due 01/05/2026  | 12700 | 12693 |
| 4.550% due 01/06/2026  | 1500 | 1499 |
| 4.550% due 01/08/2026  | 1500 | 1499 |
| 4.550% due 01/15/2026  | 1300 | 1298 |
|  |  | 315293 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (f) 55.4%** |  | 2681195 |
| **SHORT-TERM NOTES 0.0%**  |  |  |
| **Pagaya AI Debt Grantor Trust**<br>4.248% due 09/15/2026 | 2176 | 2177 |
| **U.S. TREASURY BILLS 2.9%**  |  |  |
| 3.636% due 01/06/2026 - 04/28/2026 (c)(d)(h)(j) | 141427 | 139997 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $3,138,372) |  | 3138662 |
| Total Investments in Securities (Cost $5,337,861) |  | 5873652 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 3.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 3.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.6%**  |  |  |
| **PIMCO Short Asset Portfolio** | 9481869 | 93084 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 8554908 | 83333 |
| Total Short-Term Instruments (Cost $176,819) |  | 176417 |
| Total Investments in Affiliates (Cost $176,819) |  | 176417 |
| Total Investments 124.9% (Cost $5,514,680) |  | $6050069 |
| **Financial Derivative Instruments (g)(i) 1.3**%(Cost or Premiums, net $(12028)) |  | 63906 |
| Other Assets and Liabilities, net (26.2)% |  | (1270854) |
| Net Assets 100.0% |  | $4843121 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(f)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | BOS | 3.750%  | 12/31/2025 | 01/02/2026 | 27200 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 4.500% due 08/15/2030 - 11/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 4.500% due 08/15/2030 - 11/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 4.500% due 08/15/2030 - 11/15/2033 | (27698) | (27698) | $ | 27200 | $27206 |
|  |  | 3.790  | 01/02/2026 | 01/05/2026 | 992100 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 3.500% due 05/15/2027 - 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 3.500% due 05/15/2027 - 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 3.500% due 05/15/2027 - 11/30/2030 | (1011953) | (1011953) |  | 992100 | 992100 |
|  |  | 3.870  | 12/31/2025 | 01/02/2026 | 977300 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 4.125% due 05/15/2027 - 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 4.125% due 05/15/2027 - 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 4.125% due 05/15/2027 - 03/31/2029 | (996710) | (996710) |  | 977300 | 977510 |
| BUS | BUS | 2.230  | 12/11/2025 | 01/02/2026 | 170000 | &nbsp;&nbsp; Province of Ontario 1.900% due 12/02/2051 | &nbsp;&nbsp; Province of Ontario 1.900% due 12/02/2051 | &nbsp;&nbsp; Province of Ontario 1.900% due 12/02/2051 | (127169) | (127169) |  | 123857 | 124023 |
|  |  | 2.230  | 12/16/2025 | 01/06/2026 | 70000 | &nbsp;&nbsp; Province of Ontario 3.650% due 06/02/2033 | &nbsp;&nbsp; Province of Ontario 3.650% due 06/02/2033 | &nbsp;&nbsp; Province of Ontario 3.650% due 06/02/2033 | (52460) | (52460) |  | 51000 | 51053 |
| JPS | JPS | 3.780  | 11/12/2025 | TBD<sup>(2)</sup> | 167566 | &nbsp;&nbsp; U.S. Treasury Bonds 2.250% - 3.875% due 08/15/2040 - 05/15/2041 | &nbsp;&nbsp; U.S. Treasury Bonds 2.250% - 3.875% due 08/15/2040 - 05/15/2041 | &nbsp;&nbsp; U.S. Treasury Bonds 2.250% - 3.875% due 08/15/2040 - 05/15/2041 | (168478) | (168478) |  | 167566 | 168463 |
| SAL | SAL | 3.930  | 12/31/2025 | 01/02/2026 | 174600 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | (178169) | (178169) |  | 174600 | 174638 |
| TOR | TOR | 2.200  | 12/29/2025 | 01/02/2026 | 80000 | &nbsp;&nbsp; Province of Alberta 3.500% - 4.250% due 12/01/2043 - 12/01/2048 | &nbsp;&nbsp; Province of Alberta 3.500% - 4.250% due 12/01/2043 - 12/01/2048 | &nbsp;&nbsp; Province of Alberta 3.500% - 4.250% due 12/01/2043 - 12/01/2048 | (59397) | (59397) |  | 58286 | 58300 |
|  |  | 2.210  | 12/24/2025 | 01/13/2026 | 150000 | &nbsp;&nbsp; Province of Alberta 3.100% - 5.000% due 12/01/2041 - 12/01/2051 | &nbsp;&nbsp; Province of Alberta 3.100% - 5.000% due 12/01/2041 - 12/01/2051 | &nbsp;&nbsp; Province of Alberta 3.100% - 5.000% due 12/01/2041 - 12/01/2051 | (96845) | (96845) |  | 109286 | 109346 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of British Columbia Canada 2.800% due 06/18/2048 | &nbsp;&nbsp; Province of British Columbia Canada 2.800% due 06/18/2048 | &nbsp;&nbsp; Province of British Columbia Canada 2.800% due 06/18/2048 | (14889) | (14889) |  |  |  |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(2733768)** | **(2733768)** | **$** | **2681195** | $**2682639** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% | U.S. Government Agencies (2.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 02/01/2056 | $14500 | 14500 | $ | $(13360) | (13360) | $(13361) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 02/01/2056 | 116900 | 116900 |  | (118123) | (118123) | (118434) |
| **Total Short Sales (2.7)%** | **Total Short Sales (2.7)%** | **Total Short Sales (2.7)%** | **Total Short Sales (2.7)%** | **Total Short Sales (2.7)%** | **Total Short Sales (2.7)%** | **Total Short Sales (2.7)%** |  |  |  | **$** | $**(131483)** | **(131483)** | $**(131795)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1826) at a weighted average interest rate of 4.405%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
|  | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $715 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Cost |  | Market<br>Value |
| Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | $50.000 | 50.000 | 02/17/2026 | 123 | 123 | 154 | $ | 50 |
| Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | 3.750 | 3.750 | 02/24/2026 | 13 | 130 | 25 |  | 15 |
| Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | 4.500 | 4.500 | 02/24/2026 | 53 | 530 | 131 |  | 22 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **310** | **$** | **87** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Call - CBOE Crude Oil April 2026 Futures  | Call - CBOE Crude Oil April 2026 Futures  | Call - CBOE Crude Oil April 2026 Futures  | $64.000 | 64.000 | 03/17/2026 | 50 | 50 | (57) | $ | (47) |
| Call - CBOE Crude Oil April 2026 Futures  | Call - CBOE Crude Oil April 2026 Futures  | Call - CBOE Crude Oil April 2026 Futures  | 66.000 | 66.000 | 03/17/2026 | 40 | 40 | (30) |  | (27) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4400.000 | 4400.000 | 01/27/2026 | 75 | 8 | (333) |  | (553) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4500.000 | 4500.000 | 01/27/2026 | 81 | 8 | (287) |  | (337) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4600.000 | 4600.000 | 01/27/2026 | 64 | 6 | (153) |  | (141) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4700.000 | 4700.000 | 01/27/2026 | 64 | 6 | (113) |  | (72) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4800.000 | 4800.000 | 01/27/2026 | 40 | 4 | (73) |  | (23) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 4800.000 | 4800.000 | 02/24/2026 | 70 | 7 | (258) |  | (195) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 4900.000 | 4900.000 | 02/24/2026 | 126 | 13 | (424) |  | (229) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 5000.000 | 5000.000 | 02/24/2026 | 320 | 32 | (1106) |  | (384) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 5200.000 | 5200.000 | 02/24/2026 | 126 | 13 | (126) |  | (69) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 65.000 | 65.000 | 11/24/2026 | 111 | 555 | (5231) |  | (8474) |
| Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | 65.000 | 65.000 | 11/24/2026 | 111 | 555 | (5198) |  | (4210) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 100.000 | 100.000 | 11/24/2026 | 56 | 280 | (929) |  | (1676) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 120.000 | 120.000 | 11/24/2026 | 45 | 225 | (470) |  | (883) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 66.000 | 66.000 | 02/24/2026 | 49 | 49 | (55) |  | (41) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 67.000 | 67.000 | 02/24/2026 | 46 | 46 | (35) |  | (32) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 68.000 | 68.000 | 02/24/2026 | 129 | 129 | (91) |  | (76) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 70.000 | 70.000 | 02/24/2026 | 90 | 90 | (42) |  | (38) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 66.000 | 66.000 | 01/27/2026 | 45 | 45 | (54) |  | (16) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 67.000 | 67.000 | 01/27/2026 | 39 | 39 | (44) |  | (10) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 68.000 | 68.000 | 01/27/2026 | 41 | 41 | (47) |  | (9) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 69.000 | 69.000 | 01/27/2026 | 40 | 40 | (39) |  | (7) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 70.000 | 70.000 | 01/27/2026 | 100 | 100 | (96) |  | (14) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 71.000 | 71.000 | 01/27/2026 | 30 | 30 | (18) |  | (3) |
| Call - NYMEX Crude Oil April 2026 Futures  | Call - NYMEX Crude Oil April 2026 Futures  | Call - NYMEX Crude Oil April 2026 Futures  | 65.000 | 65.000 | 03/17/2026 | 40 | 40 | (39) |  | (32) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 64.500 | 64.500 | 01/14/2026 | 120 | 120 | (120) |  | (10) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 65.000 | 65.000 | 01/14/2026 | 14 | 14 | (12) |  | (1) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 66.000 | 66.000 | 01/14/2026 | 50 | 50 | (40) |  | (2) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 67.000 | 67.000 | 01/14/2026 | 45 | 45 | (42) |  | (2) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 68.000 | 68.000 | 01/14/2026 | 44 | 44 | (34) |  | (2) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 69.000 | 69.000 | 01/14/2026 | 50 | 50 | (23) |  | (1) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 63.000 | 63.000 | 02/17/2026 | 54 | 54 | (56) |  | (37) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 64.000 | 64.000 | 02/17/2026 | 169 | 169 | (184) |  | (93) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 65.000 | 65.000 | 02/17/2026 | 48 | 48 | (49) |  | (22) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 67.000 | 67.000 | 02/17/2026 | 50 | 50 | (36) |  | (15) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 68.000 | 68.000 | 02/17/2026 | 40 | 40 | (20) |  | (10) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 69.000 | 69.000 | 02/17/2026 | 40 | 40 | (14) |  | (9) |
| Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | 3.000 | 3.000 | 02/24/2026 | 13 | 130 | (26) |  | (29) |
| Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | 3.500 | 3.500 | 02/24/2026 | 53 | 530 | (124) |  | (283) |
|  |  |  |  |  |  |  | $ | (16128) | $ | (18114) |
| **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS** <sup>(1)</sup> |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Call - EUREX Natural Gas February 2026 Futures  | Call - EUREX Natural Gas February 2026 Futures  | Call - EUREX Natural Gas February 2026 Futures  | $45.000 | 45.000 | 01/27/2026 | 36 | 24 | (41) | $ | (1) |
| Call - EUREX Natural Gas March 2026 Futures  | Call - EUREX Natural Gas March 2026 Futures  | Call - EUREX Natural Gas March 2026 Futures  | 45.000 | 45.000 | 02/24/2026 | 35 | 26 | (45) |  | (4) |
|  |  |  |  |  |  |  | $ | (86) | $ | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(16214)** | **$** | **(18119)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Brent Crude August Futures  | 06/2026 | 860 | 860 | $51763 | 51763 | $(2602) | (2602) | $0 | 0 | $(473) |
| Brent Crude December Futures  | 10/2026 | 1634 | 1634 | 98399 | 98399 | (4919) | (4919) | 0 | 0 | (899) |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Brent Crude July Futures  | 05/2026 | 858 | 51669 | (1704) | 0 | (472) |
| Brent Crude June Futures  | 04/2026 | 876 | 52779 | (199) | 0 | (491) |
| Brent Crude October Futures  | 08/2026 | 400 | 24068 | (1) | 0 | (220) |
| Brent Crude September Futures  | 07/2026 | 732 | 44044 | (908) | 0 | (403) |
| California Carbon Allowance Vintage December Futures  | 12/2026 | 4894 | 161013 | 5482 | 734 | 0 |
| Carbon Emissions December Futures  | 12/2026 | 238 | 24437 | 1073 | 26 | (50) |
| Cocoa July Futures  | 07/2026 | 26 | 1594 | 62 | 2 | 0 |
| Cocoa March Futures  | 03/2026 | 450 | 27293 | 528 | 9 | 0 |
| Copper March Futures  | 03/2026 | 35 | 4972 | 459 | 0 | (87) |
| Gold 100 oz. April Futures  | 04/2026 | 93 | 40677 | (918) | 0 | (418) |
| Hard Red Winter Wheat March Futures  | 03/2026 | 1752 | 45092 | (2140) | 0 | (628) |
| Henry Hub Natural Gas April Futures  | 03/2031 | 71 | 526 | (5) | 0 | (11) |
| Henry Hub Natural Gas August Futures  | 07/2031 | 74 | 611 | 0 | 0 | (8) |
| Henry Hub Natural Gas December Futures  | 11/2031 | 74 | 746 | (1) | 0 | (4) |
| Henry Hub Natural Gas February Futures  | 01/2031 | 66 | 674 | 0 | 0 | (3) |
| Henry Hub Natural Gas January Futures  | 12/2030 | 74 | 815 | 5 | 1 | 0 |
| Henry Hub Natural Gas July Futures  | 06/2031 | 74 | 602 | (1) | 0 | (8) |
| Henry Hub Natural Gas June Futures  | 05/2031 | 71 | 549 | (1) | 0 | (8) |
| Henry Hub Natural Gas March Futures  | 02/2031 | 74 | 630 | (9) | 0 | (13) |
| Henry Hub Natural Gas May Futures  | 04/2031 | 74 | 544 | (2) | 0 | (9) |
| Henry Hub Natural Gas November Futures  | 10/2031 | 71 | 639 | (1) | 0 | (4) |
| Henry Hub Natural Gas October Futures  | 09/2031 | 74 | 623 | (2) | 0 | (8) |
| Henry Hub Natural Gas September Futures  | 08/2031 | 71 | 584 | 1 | 0 | (8) |
| Iron Ore February Futures  | 02/2026 | 1122 | 11793 | 308 | 0 | (26) |
| Iron Ore March Futures  | 03/2026 | 2331 | 24429 | 1138 | 0 | (30) |
| Live Cattle April Futures  | 04/2026 | 183 | 16997 | 307 | 90 | 0 |
| LME Aluminum January Futures  | 01/2026 | 114 | 8490 | 377 | 0 | 0 |
| LME Aluminum March Futures  | 03/2026 | 42 | 3144 | 57 | 0 | (596) |
| LME Lead January Futures  | 01/2026 | 241 | 11933 | (268) | 0 | 0 |
| LME Lead March Futures  | 03/2026 | 11 | 552 | 4 | 119 | (83) |
| LME Nickel January Futures  | 01/2026 | 62 | 6155 | 451 | 0 | 0 |
| LME Nickel March Futures  | 03/2026 | 65 | 6489 | 523 | 501 | (13) |
| LME Zinc January Futures  | 01/2026 | 124 | 9590 | 531 | 0 | 0 |
| LME Zinc March Futures  | 03/2026 | 129 | 10059 | 239 | 231 | 0 |
| Long Guilt March Futures  | 03/2026 | 1 | 123 | 1 | 0 | 0 |
| Mont Belvieu Ethane (OPIS) February Futures  | 02/2026 | 234 | 2355 | (224) | 0 | (78) |
| Mont Belvieu Ethane (OPIS) March Futures  | 03/2026 | 81 | 802 | (75) | 0 | (23) |
| Natural Gas April Futures  | 03/2026 | 9 | 207 | 1 | 3 | (5) |
| Natural Gas April Futures  | 03/2027 | 191 | 6511 | 6 | 0 | (80) |
| Natural Gas August Futures  | 07/2026 | 9 | 211 | (35) | 3 | (4) |
| Natural Gas December Futures  | 11/2026 | 9 | 218 | (26) | 2 | (4) |
| Natural Gas February Futures  | 01/2026 | 1 | 22 | 1 | 0 | 0 |
| Natural Gas July Futures  | 06/2026 | 9 | 210 | (28) | 3 | (4) |
| Natural Gas June Futures  | 05/2026 | 9 | 204 | (34) | 3 | (4) |
| Natural Gas March Futures  | 02/2026 | 367 | 11487 | (962) | 0 | (787) |
| Natural Gas March Futures  | 02/2027 | 104 | 3848 | (197) | 0 | (66) |
| Natural Gas May Futures  | 04/2026 | 9 | 210 | (35) | 3 | (4) |
| Natural Gas May Futures  | 04/2026 | 285 | 9206 | (1959) | 0 | (476) |
| Natural Gas November Futures  | 10/2026 | 9 | 209 | (31) | 2 | (4) |
| Natural Gas October Futures  | 09/2026 | 9 | 214 | (34) | 3 | (4) |
| Natural Gas September Futures  | 08/2026 | 9 | 206 | (26) | 3 | (4) |
| New York Harbor March Futures  | 02/2026 | 17 | 1502 | (13) | 0 | (13) |
| Palladium March Futures  | 03/2026 | 23 | 3798 | 438 | 0 | (174) |
| Platinum April Futures  | 04/2026 | 22 | 2249 | 335 | 0 | (232) |
| RBOB Gasoline June Futures  | 05/2026 | 97 | 7977 | (325) | 0 | (71) |
| Rotterdam Coal April Futures  | 04/2026 | 8 | 756 | (30) | 5 | 0 |
| Rotterdam Coal June Futures  | 06/2026 | 8 | 760 | (26) | 5 | 0 |
| Rotterdam Coal May Futures  | 05/2026 | 8 | 757 | (29) | 5 | 0 |
| Silver December Futures  | 12/2026 | 86 | 31323 | 1250 | 0 | (3180) |
| Soybean July Futures  | 07/2026 | 49 | 2632 | (114) | 0 | (29) |
| Soybean March Futures  | 03/2026 | 393 | 20583 | (1707) | 0 | (290) |
| Soybean Meal March Futures  | 03/2026 | 1263 | 37814 | (3493) | 0 | (366) |
| U.S. Treasury 5-Year Note March Futures  | 03/2026 | 345 | 37710 | (3) | 0 | (40) |
| U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 96 | 11042 | (40) | 0 | (18) |
| Wheat July Futures  | 07/2026 | 133 | 3533 | (129) | 0 | (18) |
| WTI Crude August Futures  | 07/2026 | 822 | 46887 | (248) | 0 | (419) |
| WTI Crude December Futures  | 11/2026 | 1187 | 67564 | (3983) | 0 | (593) |
| WTI Crude July Futures  | 06/2026 | 666 | 37989 | (1813) | 0 | (340) |
| WTI Crude March Futures  | 02/2026 | 701 | 40111 | (649) | 0 | (364) |
| WTI Crude September Futures  | 08/2026 | 152 | 8666 | 150 | 0 | (78) |
|  |  |  |  | $ | $ | (12745) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| Arabica Coffee July Futures  | 07/2026 | 27 | $(3301) | 0 | 13 | $0 |
| Arabica Coffee March Futures  | 03/2026 | 44 | (5754) | 434 | 24 | 0 |
| Argus Euro-Bobl Oxy FOB Rotterdam Barges vs Brent 1st Line December Futures  | 12/2025 | 51 | (669) | (90) | 1 | 0 |
| Brent Crude April Futures  | 02/2026 | 364 | (22018) | 1047 | 197 | 0 |
| Brent Crude December Futures  | 10/2027 | 165 | (10115) | 147 | 104 | 0 |
| Brent Crude December Futures  | 10/2028 | 162 | (10190) | 589 | 107 | 0 |

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<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Brent Crude February Futures  | 12/2026 | 406 | (24462) |  | 213 |  | 227 |  | 0 |
| Brent Crude January Futures  | 11/2026 | 370 | (22285) |  | 568 |  | 203 |  | 0 |
| Brent Crude June Futures  | 04/2027 | 636 | (38535) |  | 1770 |  | 375 |  | 0 |
| Brent Crude March Futures  | 01/2026 | 94 | (5720) |  | 54 |  | 49 |  | 0 |
| Brent Crude May Futures  | 03/2026 | 370 | (22318) |  | 410 |  | 203 |  | 0 |
| Brent Crude November Futures  | 09/2026 | 429 | (25822) |  | 782 |  | 236 |  | 0 |
| Corn December Futures  | 12/2026 | 332 | (7644) |  | 61 |  | 8 |  | 0 |
| Corn July Futures  | 07/2026 | 532 | (12090) |  | 75 |  | 0 |  | 0 |
| Corn March Futures  | 03/2026 | 1837 | (40437) |  | (400) |  | 23 |  | 0 |
| Cotton No. 2 July Futures  | 07/2026 | 210 | (7017) |  | (54) |  | 2 |  | 0 |
| Gas Oil June Futures  | 06/2026 | 410 | (24662) |  | (362) |  | 103 |  | 0 |
| Gas Oil March Futures  | 03/2026 | 749 | (46120) |  | 1870 |  | 356 |  | 0 |
| Gold 100 oz. February Futures  | 02/2026 | 1706 | (740592) |  | (28299) |  | 7653 |  | 0 |
| Hard Red Winter Wheat July Futures  | 07/2026 | 140 | (3794) |  | 35 |  | 46 |  | 0 |
| Hard Red Winter Wheat May Futures  | 05/2026 | 22 | (581) |  | 18 |  | 8 |  | 0 |
| Henry Hub Natural Gas February Futures  | 01/2026 | 219 | (2018) |  | 172 |  | 157 |  | 0 |
| Henry Hub Natural Gas March Futures  | 02/2026 | 155 | (1213) |  | 326 |  | 84 |  | 0 |
| Lean Hogs April Futures  | 04/2026 | 389 | (13988) |  | (342) |  | 43 |  | 0 |
| LME Aluminum January Futures  | 01/2026 | 114 | (8490) |  | (746) |  | 0 |  | 0 |
| LME Aluminum March Futures  | 03/2026 | 169 | (12652) |  | (810) |  | 0 |  | 0 |
| LME Lead January Futures  | 01/2026 | 241 | (11933) |  | 111 |  | 0 |  | 0 |
| LME Lead March Futures  | 03/2026 | 211 | (10591) |  | 44 |  | 0 |  | 0 |
| LME Nickel January Futures  | 01/2026 | 62 | (6155) |  | (617) |  | 0 |  | 0 |
| LME Nickel March Futures  | 03/2026 | 4 | (399) |  | (22) |  | 0 |  | 0 |
| LME Zinc January Futures  | 01/2026 | 124 | (9590) |  | (110) |  | 0 |  | 0 |
| LME Zinc March Futures  | 03/2026 | 8 | (624) |  | (5) |  | 0 |  | 0 |
| Natural Gas April Futures  | 03/2026 | 820 | (25855) |  | 3830 |  | 1501 |  | 0 |
| Natural Gas January Futures  | 12/2026 | 295 | (13871) |  | 920 |  | 239 |  | 0 |
| Natural Gas July Futures  | 06/2026 | 50 | (1836) |  | 38 |  | 71 |  | 0 |
| Natural Gas March Futures  | 02/2026 | 407 | (9876) |  | (338) |  | 213 |  | (197) |
| Natural Gas March Futures  | 02/2026 | 255 | (7356) |  | (78) |  | 164 |  | (153) |
| New York Harbor June Futures  | 05/2026 | 79 | (6751) |  | 33 |  | 78 |  | 0 |
| RBOB Gasoline March Futures  | 02/2026 | 243 | (17774) |  | 726 |  | 158 |  | 0 |
| Rotterdam Coal Febuary Futures  | 02/2026 | 5 | (472) |  | 9 |  | 0 |  | (1) |
| Rotterdam Coal January Futures  | 01/2026 | 5 | (485) |  | (3) |  | 0 |  | (2) |
| Rotterdam Coal March Futures  | 03/2026 | 5 | (469) |  | 13 |  | 0 |  | 0 |
| Silver January Futures  | 01/2026 | 142 | (49795) |  | (12104) |  | 5140 |  | 0 |
| Silver March Futures  | 03/2026 | 262 | (92490) |  | (20135) |  | 9584 |  | 0 |
| SNG KEROS vs. SNG GA April Futures  | 04/2026 | 31 | 23 |  | 7 |  | 0 |  | (2) |
| SNG KEROS vs. SNG GA December Futures  | 12/2025 | 56 | 109 |  | 91 |  | 0 |  | 0 |
| SNG KEROS vs. SNG GA December Futures  | 12/2026 | 27 | 2 |  | (5) |  | 0 |  | (1) |
| SNG KEROS vs. SNG GA February Futures  | 02/2026 | 142 | 6 |  | (36) |  | 0 |  | 0 |
| SNG KEROS vs. SNG GA February Futures  | 02/2026 | 112 | (4) |  | (4) |  | 0 |  | 0 |
| SNG KEROS vs. SNG GA January Futures  | 01/2026 | 206 | 148 |  | 85 |  | 0 |  | (5) |
| SNG KEROS vs. SNG GA January Futures  | 01/2026 | 70 | (50) |  | (37) |  | 0 |  | 0 |
| SNG KEROS vs. SNG GA June Futures  | 06/2026 | 31 | 22 |  | 7 |  | 0 |  | (2) |
| SNG KEROS vs. SNG GA March Futures  | 03/2026 | 80 | 36 |  | 5 |  | 0 |  | (2) |
| SNG KEROS vs. SNG GA May Futures  | 05/2026 | 31 | 24 |  | 8 |  | 0 |  | (2) |
| SNG KEROS vs. SNG GA November Futures  | 11/2026 | 27 | 6 |  | (1) |  | 0 |  | (1) |
| SNG KEROS vs. SNG GA October Futures  | 10/2026 | 27 | 10 |  | 3 |  | 0 |  | (1) |
| Soybean Meal July Futures  | 07/2026 | 28 | (867) |  | 7 |  | 7 |  | 0 |
| Soybean November Futures  | 11/2026 | 16 | (852) |  | 2 |  | 8 |  | 0 |
| Soybean Oil July Futures  | 07/2026 | 178 | (5282) |  | 105 |  | 88 |  | 0 |
| Soybean Oil March Futures  | 03/2026 | 118 | (3438) |  | 194 |  | 62 |  | 0 |
| Sugar No. 11 July Futures  | 06/2026 | 589 | (9704) |  | (149) |  | 7 |  | (47) |
| U.S. Treasury 10-Year Note March Futures  | 03/2026 | 200 | (22488) |  | 152 |  | 41 |  | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 262 | (30916) |  | 753 |  | 98 |  | 0 |
| Wheat March Futures  | 03/2026 | 2077 | (52652) |  | 4195 |  | 387 |  | 0 |
| Wheat May Futures  | 05/2026 | 92 | (2385) |  | 92 |  | 16 |  | 0 |
| WTI Crude April Futures  | 03/2026 | 381 | (21744) |  | 52 |  | 194 |  | 0 |
| WTI Crude December Futures  | 11/2026 | 66 | (3757) |  | 165 |  | 0 |  | 0 |
| WTI Crude December Futures  | 11/2027 | 883 | (51090) |  | 2716 |  | 477 |  | 0 |
| WTI Crude December Futures  | 11/2028 | 40 | (2370) |  | 91 |  | 22 |  | 0 |
| WTI Crude February Futures  | 01/2026 | 349 | (20040) |  | 1334 |  | 185 |  | 0 |
| WTI Crude January Futures  | 12/2026 | 76 | (4325) |  | (66) |  | 38 |  | 0 |
| WTI Crude June Futures  | 05/2026 | 769 | (43841) |  | 981 |  | 250 |  | 0 |
| WTI Crude June Futures  | 05/2027 | 444 | (25423) |  | 603 |  | 226 |  | 0 |
| WTI Crude March Futures  | 02/2026 | 62 | (3548) |  | 33 |  | 0 |  | 0 |
| WTI Crude May Futures  | 04/2026 | 76 | (4332) |  | (86) |  | 40 |  | 0 |
| WTI Crude November Futures  | 10/2026 | 333 | (18954) |  | 942 |  | 166 |  | 0 |
| WTI Crude October Futures  | 09/2026 | 364 | (20730) |  | 1868 |  | 182 |  | 0 |
|  |  |  |  | $(36113) | (36113) | $29864 | 29864 | $(416) | (416) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**(52335)** | **(52335)** | $**31617** | **31617** | $**(13161)** | **(13161)** |

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------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Bank of America Corp.  | Bank of America Corp.  | 1.000% | Quarterly | 12/20/2026 | 12/20/2026 | 0.299 | 0.299 | % | $ | 54 | $ | (24) | 30 | 1 | 1 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400% | Annual | Annual | 12/15/2045 | 12/15/2045 | 990 | 0 | 0 | 2 | 2 | $0 | 0 | $0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | Semi-Annual | 12/21/2026 | 12/21/2026 | 15700 | 1199 | 1199 | (892) | 307 | 5 | 5 | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.242 | Maturity | Maturity | 11/21/2026 | 11/21/2026 | 39000 | 2165 | 2165 | (7070) | (4905) | 11 | 11 | 0 |
|  |  |  |  |  |  |  |  |  | $ | 3364 | $ | (7960) | (4596) | 16 | 16 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **3418** | **$** | **(7984)** | **(4566)** | **17** | **17** | **0** |
| **(h)** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of 53,346 and cash of $82,732 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $52 and liability of $(0) is outstanding at period end. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. | Unsettled variation margin asset of $152 and liability of $(24) for closed futures is outstanding at period end. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | $ | $2030 | 2030 | 2030 | 2831 | 2831 | 2831 | 33 | 33 | $0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 5765 | 5765 | 5765 | 4901 | 4901 | 4901 | 0 | 0 | (3) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | BRL | 27700 | 27700 | 27700 | $4849 | 4849 | 4849 | 0 | 0 | (102) | (102) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | $ | $633 | 633 | 633 | 545 | 545 | 545 | 8 | 8 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 04/2026  | 04/2026  | BRL | 52600 | 52600 | 52600 | $9261 | 9261 | 9261 | 8 | 8 | (149) | (149) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | CAD | 2132 | 2132 | 2132 | 1515 | 1515 | 1515 | 0 | 0 | (39) | (39) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 642 | 642 | 642 | 749 | 749 | 749 | 0 | 0 | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1599 | 1599 | 1599 | 1364 | 1364 | 1364 | 6 | 6 | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 01/2026  | 01/2026  | CAD | 70090 | 70090 | 70090 | $50942 | 50942 | 50942 | 0 | 0 | (133) | (133) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 29333 | 29333 | 29333 | 38520 | 38520 | 38520 | 0 | 0 | (1019) | (1019) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $155 | 155 | 155 | 2878 | 2878 | 2878 | 4 | 4 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 03/2026  | 03/2026  | 03/2026  | BRL | 13990 | 13990 | 13990 | $2525 | 2525 | 2525 | 5 | 5 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $14 | 14 | 14 | 76 | 76 | 76 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 108500 | 108500 | 108500 | $19129 | 19129 | 19129 | 53 | 53 | (317) | (317) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 04/2026  | 04/2026  |  | 395400 | 395400 | 395400 | 67079 | 67079 | 67079 | 0 | 0 | (3596) | (3596) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 01/2026  | CAD | 221966 | 221966 | 221966 | 159934 | 159934 | 159934 | 0 | 0 | (1805) | (1805) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 3970 | 3970 | 3970 | 4659 | 4659 | 4659 | 0 | 0 | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 221 | 221 | 221 | 297 | 297 | 297 | 0 | 0 | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $2667 | 2667 | 2667 | 2274 | 2274 | 2274 | 7 | 7 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1223 | 1223 | 1223 | 917 | 917 | 917 | 13 | 13 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | 01/2026  | 01/2026  | 01/2026  | CAD | 150182 | 150182 | 150182 | $109647 | 109647 | 109647 | 174 | 174 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 01/2026  |  | 80019 | 80019 | 80019 | 58512 | 58512 | 58512 | 212 | 212 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1569 | 1569 | 1569 | 1160 | 1160 | 1160 | 0 | 0 | (5) | (5) |

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<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | EUR | EUR | 109592 | 109592 | $ | $ | 126881 | 126881 | 126881 | 126881 |  | 0 | 0 |  |  | (1966) | (1966) |
|  |  |  | 01/2026  | 01/2026  | $ | $ | 20829 | 20829 | GBP | GBP | 15905 | 15905 | 15905 | 15905 |  | 609 | 609 |  |  | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | MXN | MXN | 10 | 10 | $ | $ | 1 | 1 | 1 | 1 |  | 0 | 0 |  |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**1132** | **1132** | **1132** | **$** | $**(9150)** | **(9150)** | **(9150)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Counterparty | Description | Description | Initial<br>Index | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| GLM | GLM | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | 100.151 | 100.151 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 06/22/2035 |  | 10900 | 10900 | 10900 | (496) | (496) | $ | $(230) | (230) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(496)** | **(496)** | **$** | $**(230)** | **(230)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500% | Monthly | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 42 | $ | $ | (2) | (2) | 2 | 0 | 0 | 0 | 0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | BACVWSAV Index « | 352732 | &nbsp;&nbsp; -0.0055 | &nbsp;&nbsp; -0.0055 | Monthly | Monthly | 03/31/2026 | 03/31/2026 | $62884 | 62884 | $ | 0 | 0 | $425 | $425 | 425 | 425 | $0 |
| &nbsp;&nbsp; BPS | Receive | Receive | Receive | BCOMF1NTC Index  | 271752 | 0.12 | 0.12 | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 34640 | 34640 |  | 0 | 0 | (9) | 0 | 0 | 0 | (9) |
|  | Receive | Receive | Receive | CSIXTR Index  | 77421 | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 562261 | 562261 |  | 0 | 0 | 8081 | 8081 | 8081 | 8081 | 0 |
| &nbsp;&nbsp; CIB | Receive | Receive | Receive | CSIXTR Index  | 21394 | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 06/15/2026 | 06/15/2026 | 155372 | 155372 |  | 0 | 0 | 2233 | 2233 | 2233 | 2233 | 0 |
|  | Receive | Receive | Receive | PIMCODB Index  | 404359 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | Monthly | Monthly | 06/15/2026 | 06/15/2026 | 86934 | 86934 |  | 0 | 0 | 572 | 572 | 572 | 572 | 0 |
| &nbsp;&nbsp; GST | Pay | Pay | Pay | SPGCINP Index  | 60852 | &nbsp;&nbsp; -0.07 | &nbsp;&nbsp; -0.07 | Monthly | Monthly | 01/15/2026 | 01/15/2026 | 14354 | 14354 |  | 0 | 0 | (859) | 0 | 0 | 0 | (859) |
|  | Receive | Receive | Receive | BCOMF1NTC Index  | 198480 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 72538 | 72538 |  | 0 | 0 | (86) | 0 | 0 | 0 | (86) |
|  | Receive | Receive | Receive | BCOMF1TC Index  | 44060 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 19274 | 19274 |  | 0 | 0 | 174 | 174 | 174 | 174 | 0 |
|  | Receive | Receive | Receive | CMDSKEWLS Index  | 111625 | 0.25 | 0.25 | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 57495 | 57495 |  | 0 | 0 | 1498 | 1498 | 1498 | 1498 | 0 |
|  | Receive | Receive | Receive | CSIXTR Index  | 62604 | &nbsp;&nbsp; 3.710% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.710% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 454659 | 454659 |  | 0 | 0 | 6539 | 6539 | 6539 | 6539 | 0 |
| &nbsp;&nbsp; JPM | Pay | Pay | Pay | BCOMTR Index  | 2100289 | &nbsp;&nbsp; 3.460% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.460% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 01/15/2026 | 01/15/2026 | 573917 | 573917 |  | 0 | 0 | (5343) | 0 | 0 | 0 | (5343) |
|  | Receive | Receive | Receive | JMABFNJ2 Index  | 90192 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | Monthly | Monthly | 01/30/2026 | 01/30/2026 | 9084 | 9084 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | Receive | Receive | Receive | BCOMF1TC Index  | 2442024 | &nbsp;&nbsp; 3.690% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.690% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 07/15/2026 | 07/15/2026 | 558722 | 558722 |  | 0 | 0 | 5027 | 5027 | 5027 | 5027 | 0 |
|  | Receive | Receive | Receive | CSIXTR Index  | 45214 | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 07/15/2026 | 07/15/2026 | 328364 | 328364 |  | 0 | 0 | 4721 | 4721 | 4721 | 4721 | 0 |
|  | Receive | Receive | Receive | JMABNIC5 Index  | 710270 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | Monthly | Monthly | 07/15/2026 | 07/15/2026 | 140714 | 140714 |  | 0 | 0 | 1940 | 1940 | 1940 | 1940 | 0 |
| &nbsp;&nbsp; MAC | Receive | Receive | Receive | PIMCODBU Index  | 4500 | 0.0021 | 0.0021 | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 808 | 808 |  | 0 | 0 | 5 | 5 | 5 | 5 | 0 |
|  | Receive | Receive | Receive | CSIXTR Index  | 8686 | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 08/17/2026 | 08/17/2026 | 63083 | 63083 |  | 0 | 0 | 907 | 907 | 907 | 907 | 0 |
|  | Receive | Receive | Receive | PIMCODB Index  | 1238131 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | Monthly | Monthly | 08/17/2026 | 08/17/2026 | 254844 | 254844 |  | 0 | 0 | 1809 | 1809 | 1809 | 1809 | 0 |
| &nbsp;&nbsp; MEI | Receive | Receive | Receive | CSIXTR Index  | 153764 | &nbsp;&nbsp; 3.690% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.690% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 09/15/2026 | 09/15/2026 | 1116698 | 1116698 |  | 956 | 956 | 15116 | 16072 | 16072 | 16072 | 0 |

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------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | Receive | CSIXTR Index  | 58058 | &nbsp;&nbsp; 3.70% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.70% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 11/16/2026 | 421644 |  | 0 |  | 6066 | 6066 | 6066 |  | 0 |
| &nbsp;&nbsp; SOG | &nbsp;&nbsp; SOG | Receive | CSIXTR Index  | 70571 | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 02/17/2026 | 512518 |  | 0 |  | 7369 | 7369 | 7369 |  | 0 |
| &nbsp;&nbsp; UAG | &nbsp;&nbsp; UAG | Receive | CSIXTR Index  | 90441 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 02/17/2026 | 656819 |  | 0 |  | 9456 | 9456 | 9456 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 956 | $ | 65641 | 65641 | 72894 | $ | (6297) |
| **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<br>Volatility | Reference Entity | Reference Entity | Volatility<br>Strike | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 4.368% | Maturity | Maturity | 10/18/2027 | 10/18/2027 | 20810 | 20810 | 0 | 0 | $(31) | (31) | $0 | 0 | $(31) |
| &nbsp;&nbsp; DUB | &nbsp;&nbsp; DUB | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 6.126 | Maturity | Maturity | 01/19/2026 | 01/19/2026 | 7040 | 7040 | 0 | 0 | 120 | 120 | 120 | 120 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 5.905 | Maturity | Maturity | 01/19/2026 | 01/19/2026 | 14300 | 14300 | 0 | 0 | 213 | 213 | 213 | 213 | 0 |
|  |  | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 6.325 | Maturity | Maturity | 04/10/2026 | 04/10/2026 | 162405 | 162405 | 0 | 0 | 5140 | 5140 | 5140 | 5140 | 0 |
|  |  | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 3.285 | Maturity | Maturity | 09/16/2026 | 09/16/2026 | 29000 | 29000 | 0 | 0 | (298) | (298) | 0 | 0 | (298) |
|  |  | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 3.349 | Maturity | Maturity | 09/25/2026 | 09/25/2026 | 14580 | 14580 | 0 | 0 | (144) | (144) | 0 | 0 | (144) |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 4.431 | Maturity | Maturity | 10/18/2027 | 10/18/2027 | 12870 | 12870 | 0 | 0 | (12) | (12) | 0 | 0 | (12) |
|  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | $4988 | 4988 | $5473 | 5473 | $(485) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **954** | **$** | **70631** | **70631** | **78367** | **$** | **(6782)** |
| **(j)** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $8,433 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| <sup>(6)</sup> | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | $319326 | 319326 | $0 | 0 | 0 | $ | 319326 | 319326 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 66445 | 66445 | 0 | 0 | 0 |  | 66445 | 66445 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 32249 | 32249 | 0 | 0 | 0 |  | 32249 | 32249 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 526746 | 526746 | 0 | 0 | 0 |  | 526746 | 526746 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 146783 | 146783 | 0 | 0 | 0 |  | 146783 | 146783 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 60945 | 60945 | 0 | 0 | 0 |  | 60945 | 60945 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 | 4336 | 4336 | 0 | 0 | 0 |  | 4336 | 4336 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 242805 | 242805 | 0 | 0 | 0 |  | 242805 | 242805 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 10306 | 10306 | 0 | 0 | 0 |  | 10306 | 10306 |  |
| Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | 0 | 0 | 0 | 23281 | 23281 | 0 | 0 | 0 |  | 23281 | 23281 |  |
| Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 | 0 | 11288 | 11288 | 0 | 0 | 0 |  | 11288 | 11288 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 19598 | 19598 | 0 | 0 | 0 |  | 19598 | 19598 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 2439 | 2439 | 0 | 0 | 0 |  | 2439 | 2439 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 300421 | 300421 | 0 | 0 | 0 |  | 300421 | 300421 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 125514 | 125514 | 0 | 0 | 0 |  | 125514 | 125514 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Financials | Financials | Financials | Financials | Financials | Financials | Financials | 0 | 0 | 0 | 495 | 495 | 0 | 0 | 0 |  | 495 | 495 |  |
| Commodities | Commodities | Commodities | Commodities | Commodities | Commodities | Commodities | 0 | 0 | 0 | 842013 | 842013 | 0 | 0 | 0 |  | 842013 | 842013 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 315293 | 315293 | 0 | 0 | 0 |  | 315293 | 315293 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 2681195 | 2681195 | 0 | 0 | 0 |  | 2681195 | 2681195 |  |
| Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | 0 | 0 | 0 | 2177 | 2177 | 0 | 0 | 0 |  | 2177 | 2177 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 139997 | 139997 | 0 | 0 | 0 |  | 139997 | 139997 |  |

---

------

<br> Consolidated Schedule of Investments PIMCO CommoditiesPLUS<sup>®</sup> Strategy Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | $0 | $5873652 | $0 | $5873652 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $176417 | $0 | $0 | $176417 |
| Total Investments | $176417 | $5873652 | $0 | $6050069 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(131795) | $0 | $(131795) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 31565 | 156 | 0 | 31721 |
| Over the counter | 0 | 79074 | 425 | 79499 |
|  | $31565 | $79230 | $425 | $111220 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (31222) | (58) | 0 | (31280) |
| Over the counter | 0 | (16162) | 0 | (16162) |
|  | $(31222) | $(16220) | $0 | $(47442) |
| Total Financial Derivative Instruments | $343 | $63010 | $425 | $63778 |
| Totals | $176760 | $5804867 | $425 | $5982052 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup> December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 138.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | $234 | $227 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 | 2200 | 694 |
| **Jyske Realkredit AS**  |  |  |
| 0.500% due 10/01/2043  | 5 | 1 |
| 1.500% due 10/01/2053  | 4277 | 524 |
| 2.000% due 10/01/2053  | 10237 | 1345 |
| 2.500% due 10/01/2047  | 10 | 1 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 17113 | 2101 |
| 2.000% due 10/01/2053  | 5090 | 670 |
| 2.500% due 10/01/2047  | 2 | 0 |
| **Nykredit Realkredit AS**  |  |  |
| 1.500% due 10/01/2053  | 1493 | 157 |
| 2.000% due 10/01/2053  | 19 | 3 |
| 2.500% due 10/01/2047  | 8 | 1 |
| **Realkredit Danmark AS**  |  |  |
| 2.000% due 10/01/2053  | 4282 | 510 |
| 2.500% due 04/01/2047  | 8 | 1 |
| **UBS Group AG** <br>0.650% due 01/14/2028 •  | 400 | 461 |
|  |  | 6696 |
| **INDUSTRIALS 0.5%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $17400 | 18399 |
| **VMware LLC** <br>3.900% due 08/21/2027 | 900 | 901 |
|  |  | 19300 |
| Total Corporate Bonds & Notes (Cost $25,965) |  | 25996 |
| **U.S. GOVERNMENT AGENCIES 15.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 6.487% due 01/01/2034 •  | 24 | 25 |
| 6.592% due 06/01/2033 •  | 23 | 24 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.724% due 10/25/2055 •  | 2977 | 2988 |
| 4.774% due 12/25/2055 •  | 6449 | 6460 |
| 4.814% due 11/25/2054 •  | 4055 | 4073 |
| 4.974% due 07/25/2055 •  | 9641 | 9677 |
| 5.074% due 12/25/2054 •  | 138 | 139 |
| **Federal National Mortgage Association**<br>4.500% due 09/01/2052 - 11/01/2052 | 834 | 818 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.177% due 03/25/2036 •  | 27 | 27 |
| 4.434% due 02/25/2037 •  | 188 | 187 |
| 4.874% due 10/25/2054 - 11/25/2055 •  | 22280 | 22394 |
| 4.904% due 06/25/2055 •  | 2431 | 2448 |
| 4.924% due 09/25/2055 •  | 5957 | 5981 |
| 4.974% due 10/25/2055 •  | 9786 | 9825 |
| **First Foundation Bank Multifamily Housing Mortgage Loan Trust**<br>2.749% due 06/25/2054 ~ | 3200 | 3121 |
| **Government National Mortgage Association**<br>3.500% due 05/20/2052 - 10/20/2052 | 58613 | 53928 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.718% due 09/20/2055 •  | 3100 | 3105 |
| 4.918% due 10/20/2055 •  | 2984 | 2993 |
| 4.927% due 08/20/2068 •  | 4292 | 4321 |
| 4.958% due 01/20/2055 •  | 2825 | 2837 |
| 5.068% due 06/20/2055 •  | 4739 | 4761 |
| **Government National Mortgage Association, TBA**<br>3.500% due 02/01/2056 | 14000 | 12741 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 02/01/2056 | 260000 | 253614 |
| 5.500% due 02/01/2056 | 21700 | 21985 |
| 6.000% due 01/01/2056 - 03/01/2056 | 128300 | 131684 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 02/01/2056 | 38300 | 39813 |
| Total U.S. Government Agencies (Cost $597,442) |  | 599969 |
| **U.S. TREASURY OBLIGATIONS 81.0%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (l) | 212 | 214 |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 0.250% due 02/15/2050 (l) | 633 | 365 |
| 0.625% due 02/15/2043 (l) | 595 | 443 |
| 0.750% due 02/15/2042 (l) | 7637 | 5953 |
| 0.750% due 02/15/2045 (l) | 1383 | 1009 |
| 0.875% due 02/15/2047 (l) | 674 | 487 |
| 1.000% due 02/15/2046 (l) | 4810 | 3630 |
| 1.375% due 02/15/2044 (l) | 4890 | 4099 |
| 1.375% due 02/15/2044  | 3046 | 2553 |
| 1.750% due 01/15/2028 (j) | 62058 | 62532 |
| 2.125% due 02/15/2040 (l) | 5574 | 5523 |
| 2.500% due 01/15/2029 (j) | 56128 | 57950 |
| 3.875% due 04/15/2029 (j)(l) | 16144 | 17396 |
| 0.125% due 10/15/2026  | 64279 | 63686 |
| 0.125% due 04/15/2027 (j)(l) | 6227 | 6116 |
| 0.125% due 01/15/2030 (j) | 70870 | 67238 |
| 0.125% due 07/15/2030  | 117148 | 110589 |
| 0.125% due 01/15/2031  | 80426 | 74993 |
| 0.125% due 07/15/2031  | 95098 | 88142 |
| 0.250% due 07/15/2029  | 124131 | 119630 |
| 0.375% due 01/15/2027  | 274439 | 271073 |
| 0.375% due 07/15/2027  | 110479 | 109215 |
| 0.500% due 01/15/2028  | 54121 | 53179 |
| 0.750% due 07/15/2028  | 173402 | 171361 |
| 0.875% due 01/15/2029 (j) | 192008 | 189088 |
| 1.125% due 10/15/2030  | 222859 | 219516 |
| 1.125% due 01/15/2033  | 19457 | 18676 |
| 1.250% due 04/15/2028  | 247058 | 246106 |
| 1.375% due 07/15/2033  | 34950 | 34080 |
| 1.625% due 10/15/2027  | 119039 | 119960 |
| 1.625% due 10/15/2029 (h) | 248970 | 251481 |
| 1.625% due 04/15/2030  | 194751 | 195781 |
| 1.875% due 07/15/2034 (h) | 46591 | 46795 |
| 1.875% due 07/15/2035 (h) | 73312 | 73139 |
| 2.125% due 04/15/2029  | 255277 | 260722 |
| 2.125% due 01/15/2035  | 18262 | 18591 |
| 2.375% due 10/15/2028  | 75051 | 77301 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (l) | 258 | 260 |
| Total U.S. Treasury Obligations (Cost $3,050,972) |  | 3048872 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.9%**  |  |  |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.752% due 10/25/2035 ~  | 37 | 34 |
| 5.404% due 09/25/2035 ~  | 165 | 144 |
| **Alliance Bancorp Trust** <br>4.326% due 07/25/2037 •  | 1267 | 1134 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.036% due 05/25/2046 •  | 67 | 61 |
| 4.949% due 11/25/2046 •  | 4592 | 1115 |
| **Banc of America Funding Trust**  |  |  |
| 4.390% due 01/20/2047 ~  | 2589 | 2237 |
| 4.428% due 05/20/2035 •  | 49 | 46 |
| 4.661% due 05/20/2036 ~  | 73 | 64 |
| 4.787% due 01/20/2047 ~  | 51 | 45 |
| 5.301% due 05/25/2035 ~  | 7 | 6 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.105% due 11/25/2035 ~  | 93 | 85 |
| 5.597% due 07/25/2035 ~  | 85 | 81 |
| **BCAP LLC Trust**  |  |  |
| 4.186% due 01/25/2037 •  | 458 | 433 |
| 4.613% due 04/26/2036 ~  | 446 | 405 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.166% due 02/25/2034 •  | 155 | 148 |
| 4.791% due 09/25/2035 ~  | 130 | 70 |
| 6.300% due 09/25/2034 ~  | 60 | 59 |
| **Bear Stearns ALT-A Trust II** <br>4.192% due 09/25/2047 ~ | 2480 | 1162 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.214% due 07/25/2036 ~  | 220 | 189 |
| 4.422% due 02/25/2036 ~  | 77 | 71 |
| 5.978% due 10/25/2035 ~  | 125 | 125 |
| 6.504% due 05/25/2033 ~  | 6 | 6 |
| 7.250% due 07/25/2034 ~  | 18 | 18 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.380% due 12/25/2035 ~  | 29 | 28 |
| 4.461% due 09/25/2036 ~  | 249 | 212 |
| 4.613% due 03/25/2037 ~  | 355 | 330 |

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------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **CHL Mortgage Pass-Through Trust**  |  |  |  |
| 4.486% due 03/25/2035 •  |  | 20 | 20 |
| 4.530% due 09/25/2047 ~  |  | 188 | 169 |
| 5.500% due 11/25/2035  |  | 50 | 25 |
| 5.500% due 04/25/2038  |  | 59 | 61 |
| 6.000% due 04/25/2036  |  | 264 | 128 |
| **CIM Trust**  |  |  |  |
| 1.951% due 06/25/2057 ~  |  | 1797 | 1682 |
| 4.989% due 02/25/2049 •  |  | 51 | 50 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |  |
| 4.159% due 12/25/2035 ~  |  | 169 | 104 |
| 5.840% due 09/25/2035 •  |  | 4 | 4 |
| 6.050% due 03/25/2036 •  |  | 12 | 12 |
| 6.490% due 05/25/2035 •  |  | 8 | 9 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 06/25/2037 |  | 116 | 107 |
| **Countrywide Alternative Loan Trust**  |  |  |  |
| 4.028% due 02/20/2047 •  |  | 2017 | 1657 |
| 4.043% due 12/20/2046 •  |  | 154 | 139 |
| 4.206% due 05/25/2047 •  |  | 651 | 607 |
| 4.266% due 07/25/2046 •  |  | 58 | 54 |
| 4.671% due 11/25/2035 ~  |  | 113 | 106 |
| 5.000% due 07/25/2035  |  | 585 | 311 |
| 5.029% due 12/25/2035 •  |  | 148 | 129 |
| 5.500% due 07/25/2035  |  | 83 | 59 |
| 5.750% due 03/25/2037 •  |  | 173 | 87 |
| 6.000% due 03/25/2037  |  | 177 | 59 |
| 6.500% due 08/25/2032  |  | 14 | 14 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ |  | 1218 | 697 |
| **CSMC Trust** <br>4.129% due 10/26/2036 ~ |  | 235 | 213 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>5.500% due 12/25/2035 |  | 158 | 136 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>3.946% due 10/25/2036 •  |  | 41 | 34 |
| **First Horizon Alternative Mortgage Securities Trust** <br>6.000% due 02/25/2037 |  | 1565 | 551 |
| **GSR Mortgage Loan Trust**  |  |  |  |
| 4.467% due 11/25/2035 ~  |  | 323 | 273 |
| 4.970% due 11/25/2035 ~  |  | 62 | 60 |
| 4.974% due 11/25/2035 ~  |  | 146 | 63 |
| **HarborView Mortgage Loan Trust**  |  |  |  |
| 4.226% due 09/19/2037 •  |  | 39 | 34 |
| 4.286% due 05/19/2035 •  |  | 227 | 222 |
| 4.346% due 01/19/2036 •  |  | 888 | 573 |
| 5.503% due 08/19/2036 ~  |  | 17 | 16 |
| **IndyMac IMSC Mortgage Loan Trust** <br>4.206% due 07/25/2047 •  |  | 996 | 679 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |  |
| 3.983% due 09/25/2035 ~  |  | 124 | 100 |
| 4.226% due 09/25/2046 •  |  | 1803 | 1679 |
| 4.246% due 11/25/2046 •  |  | 197 | 192 |
| 4.406% due 07/25/2035 •  |  | 149 | 110 |
| 4.523% due 06/25/2035 ~  |  | 47 | 45 |
| 4.855% due 10/25/2034 ~  |  | 168 | 160 |
| **JP Morgan Alternative Loan Trust** <br>4.306% due 12/25/2036 •  |  | 1921 | 1745 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.248% due 12/15/2031 •  |  | 276 | 275 |
| **JP Morgan Mortgage Trust**  |  |  |  |
| 4.051% due 07/27/2037 ~  |  | 120 | 113 |
| 4.823% due 08/25/2036 ~  |  | 54 | 42 |
| 4.837% due 11/25/2035 ~  |  | 75 | 59 |
| 5.685% due 07/25/2035 ~  |  | 29 | 28 |
| 5.688% due 06/25/2036 ~  |  | 298 | 201 |
| **Luminent Mortgage Trust** <br>4.246% due 10/25/2046 •  |  | 286 | 265 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.326% due 05/25/2037 •  |  | 225 | 91 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |  |
| 4.446% due 03/25/2037 •  |  | 593 | 139 |
| 4.576% due 06/25/2037 ~  |  | 199 | 87 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |  |
| 4.272% due 05/25/2034 ~  |  | 71 | 64 |
| 4.766% due 06/25/2035 ~  |  | 68 | 66 |
| 4.882% due 09/25/2035 ~  |  | 57 | 45 |
| 6.065% due 05/25/2036 ~  |  | 5 | 5 |
| **Merrill Lynch Mortgage-Backed Securities Trust** <br>4.030% due 04/25/2037 ~ |  | 501 | 432 |
| **New Residential Mortgage Loan Trust**  |  |  |  |
| 2.750% due 07/25/2059 ~  |  | 352 | 342 |
| 4.500% due 05/25/2058 ~  |  | 49 | 48 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(a) | AUD | 56500 | 37705 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **RALI Trust**  |  |  |
| 4.099% due 08/25/2035 ~  | $388 | 134 |
| 4.146% due 08/25/2035 •  | 378 | 261 |
| 4.226% due 12/25/2036 •  | 546 | 500 |
| 5.818% due 02/25/2036 ~  | 198 | 172 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 05/25/2035 •  | 683 | 404 |
| 6.500% due 09/25/2036  | 642 | 184 |
| 6.500% due 06/25/2037  | 11799 | 2182 |
| **RFMSI Trust**  |  |  |
| 5.532% due 09/25/2035 ~  | 786 | 490 |
| 6.000% due 06/25/2037  | 400 | 318 |
| 6.500% due 03/25/2032  | 79 | 80 |
| **Sequoia Mortgage Trust** <br>4.597% due 01/20/2047 ~ | 176 | 120 |
| **Sequoia Mortgage Trust 5** <br>4.546% due 10/19/2026 •  | 5 | 4 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.166% due 10/25/2035 •  | 288 | 279 |
| 4.764% due 02/25/2036 ~  | 186 | 99 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.226% due 06/25/2036 •  | 45 | 44 |
| 4.266% due 04/25/2036 •  | 4 | 4 |
| 4.286% due 05/25/2046 •  | 2431 | 864 |
| 4.346% due 07/19/2035 •  | 210 | 208 |
| **Towd Point Mortgage Trust** <br>4.846% due 05/25/2058 •  | 2149 | 2190 |
| **Wachovia Mortgage Loan Trust LLC** <br>3.915% due 08/20/2035 ~ | 50 | 46 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.878% due 12/25/2046 •  | 381 | 341 |
| 4.104% due 02/25/2037 ~  | 70 | 60 |
| 4.325% due 08/25/2036 ~  | 46 | 42 |
| 4.473% due 09/25/2036 ~  | 488 | 428 |
| 4.769% due 01/25/2047 •  | 804 | 751 |
| 5.009% due 06/25/2046 •  | 64 | 61 |
| 5.029% due 08/25/2046 •  | 151 | 141 |
| 5.229% due 11/25/2042 •  | 36 | 35 |
| 5.529% due 11/25/2046 •  | 432 | 391 |
| 5.696% due 09/25/2033 ~  | 15 | 15 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>6.500% due 08/25/2035 | 95 | 82 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 6.064% due 04/25/2036 ~  | 131 | 130 |
| 6.756% due 10/25/2036 ~  | 3 | 3 |
| Total Non-Agency Mortgage-Backed Securities (Cost $82,603) |  | 72553 |
| **ASSET-BACKED SECURITIES 8.0%**  |  |  |
| **CMBS OTHER 0.4%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 8180 | 8229 |
| **LoanCore Issuer Ltd.** <br>5.493% due 01/17/2037 •  | 2168 | 2171 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 3731 | 3725 |
|  |  | 14125 |
| **HOME EQUITY OTHER 2.4%**  |  |  |
| **ABFC Trust** <br>4.126% due 10/25/2036 •  | 2706 | 2551 |
| **ACE Securities Corp. Home Equity Loan Trust** <br>3.966% due 10/25/2036 •  | 17 | 7 |
| **Argent Securities Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 3619 | 3310 |
| 4.166% due 05/25/2036 •  | 2289 | 550 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.796% due 10/25/2037 •  | 1186 | 1184 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 2807 | 2852 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.006% due 01/25/2037 •  | 36 | 27 |
| 4.026% due 03/25/2037 •  | 8131 | 7212 |
| 4.196% due 03/25/2037 •  | 5074 | 4500 |
| 4.306% due 12/25/2036 •  | 877 | 614 |
| **Countrywide Asset-Backed Certificates** <br>4.346% due 03/25/2037 •  | 1869 | 1857 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.126% due 07/25/2037 •  | 2218 | 2058 |
| 4.246% due 09/25/2037 •  | 1164 | 1092 |
| 5.571% due 11/25/2034 •  | 7502 | 6919 |
| **Fremont Home Loan Trust** <br>4.116% due 10/25/2036 •  | 392 | 363 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GSAA Home Equity Trust** <br>4.446% due 03/25/2037 •  | 474 | 189 |
| **GSAMP Trust**  |  |  |
| 4.366% due 02/25/2046 •  | 1280 | 1213 |
| 4.586% due 03/25/2047 •  | 2282 | 1719 |
| 4.821% due 03/25/2035 •  | 949 | 921 |
| **Home Equity Asset Trust** <br>4.521% due 02/25/2036 •  | 1390 | 1374 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.066% due 04/25/2037 •  | 1391 | 1098 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 6680 | 2869 |
| 4.386% due 02/25/2036 •  | 492 | 488 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.126% due 06/25/2037 •  | 4500 | 4055 |
| 4.146% due 07/25/2036 •  | 11647 | 5467 |
| 4.266% due 10/25/2036 •  | 23 | 23 |
| **MASTR Asset-Backed Securities Trust** <br>4.146% due 10/25/2036 •  | 1415 | 463 |
| **MASTR Specialized Loan Trust** <br>4.586% due 01/25/2037 •  | 17068 | 6700 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>3.906% due 05/25/2037 •  | 305 | 280 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.410% due 11/25/2036 þ | 1445 | 307 |
| **New Century Home Equity Loan Trust** <br>4.611% due 02/25/2035 •  | 1034 | 1019 |
| **NovaStar Mortgage Funding Trust** <br>4.186% due 11/25/2036 •  | 7545 | 2296 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.871% due 12/25/2034 •  | 3100 | 3049 |
| **Popular ABS Mortgage Pass-Through Trust**  |  |  |
| 4.156% due 06/25/2047 •  | 1658 | 1569 |
| 4.716% due 02/25/2036 •  | 3543 | 3420 |
| **Renaissance Home Equity Loan Trust** <br>4.946% due 09/25/2037 •  | 12991 | 5188 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.146% due 09/25/2036 •  | 8703 | 8168 |
| 4.326% due 08/25/2036 •  | 542 | 485 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.106% due 12/25/2036 •  | 1368 | 1296 |
| **Soundview Home Loan Trust** <br>3.966% due 11/25/2036 •  | 408 | 110 |
| **Structured Asset Investment Loan Trust** <br>4.566% due 04/25/2033 •  | 322 | 359 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>6.246% due 12/25/2034 •  | 681 | 682 |
|  |  | 89903 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Morgan Stanley Mortgage Loan Trust** <br>4.566% due 04/25/2037 •  | 558 | 149 |
| **MANUFACTURING HOUSE ABS OTHER 0.1%**  |  |  |
| **Lehman ABS Manufactured Housing Contract Trust** <br>7.170% due 04/15/2040 ~ | 2025 | 1935 |
| **WHOLE LOAN COLLATERAL 0.8%**  |  |  |
| **Citigroup Mortgage Loan Trust** <br>4.551% due 03/25/2037 •  | 3200 | 3134 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.341% due 10/25/2036 •  | 7400 | 7324 |
| 4.546% due 11/25/2046 •  | 11000 | 9427 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.986% due 07/25/2036 •  | 3697 | 1165 |
| **Lehman XS Trust**  |  |  |
| 4.166% due 05/25/2036 •  | 943 | 837 |
| 4.377% due 06/25/2036 þ  | 2037 | 2012 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.286% due 10/25/2036 •  | 17434 | 5779 |
| 4.346% due 05/25/2036 •  | 3531 | 1907 |
|  |  | 31585 |
| **OTHER ABS 4.3%**  |  |  |
| **522 Funding CLO Ltd.** <br>5.186% due 10/20/2031 •  | 525 | 525 |
| **AGL CLO 14 Ltd.** <br>5.000% due 12/02/2034 •  | 2800 | 2800 |
| **AMMC CLO 27 Ltd.** <br>4.964% due 01/20/2037 •  | 2000 | 1999 |
| **Apidos CLO XI** <br>5.122% due 04/17/2034 •  | 3500 | 3504 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ARES European CLO X DAC** <br>2.789% due 10/15/2031 •  | 733 | 862 |
| **ARES European CLO XII DAC** <br>2.854% due 04/20/2032 •  | 4105 | 4828 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | $2100 | 2100 |
| **Atlas Senior Loan Fund XIII** <br>5.199% due 04/22/2031 •  | 149 | 149 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 3600 | 3600 |
| **Bain Capital Euro CLO DAC**  |  |  |
| 2.744% due 01/20/2032 •  | 1959 | 2304 |
| 3.265% due 01/22/2038 •  | 5000 | 5881 |
| **Barings Euro CLO DAC** <br>0.000% due 08/15/2039 •(a) | 2200 | 2585 |
| **Cairn CLO X DAC** <br>2.789% due 10/15/2031 •  | 1533 | 1803 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 4600 | 5412 |
| **Carlyle Euro CLO DAC**  |  |  |
| 2.709% due 01/15/2031 •  | 3299 | 3879 |
| 3.221% due 08/15/2038 •  | 7000 | 8233 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.814% due 11/15/2031 •  | 749 | 881 |
| **Cedar Funding V CLO Ltd.** <br>5.243% due 07/17/2031 •  | $1087 | 1087 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(a) | 4500 | 5288 |
| **CVC Cordatus Loan Fund XXX DAC** <br>3.297% due 05/15/2037 •  | 3000 | 3529 |
| **Dryden XXVI Senior Loan Fund** <br>5.066% due 04/15/2029 •  | $244 | 244 |
| **Euro-Galaxy III CLO DAC** <br>2.686% due 04/24/2034 •  | 5922 | 6968 |
| **Flatiron CLO 19 Ltd.** <br>5.032% due 11/16/2034 •  | $2138 | 2140 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 4525 | 5318 |
| **Guggenheim CLO Ltd.** <br>5.055% due 01/15/2035 •  | $1300 | 1298 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 4400 | 5171 |
| **Invesco Euro CLO XI DAC** <br>3.283% due 10/22/2036 •  | 4000 | 4705 |
| **Jubilee CLO DAC** <br>2.659% due 04/15/2031 •  | 549 | 646 |
| **KKR CLO 33 Ltd.** <br>4.993% due 07/20/2034 •  | $1400 | 1400 |
| **LCM 29 Ltd.** <br>5.236% due 04/15/2031 •  | 599 | 600 |
| **LCM XVII LP** <br>5.296% due 10/15/2031 •  | 226 | 227 |
| **Madison Park Euro Funding XIII DAC** <br>2.776% due 01/15/2032 •  | 4415 | 5193 |
| **Madison Park Funding XLIX Ltd.** <br>4.934% due 10/19/2034 •  | $1600 | 1600 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 1100 | 1099 |
| **Madison Park Funding XXXV Ltd.** <br>5.136% due 04/20/2032 •  | 1483 | 1484 |
| **Man GLG Euro CLO V DAC** <br>2.790% due 12/15/2031 •  | 655 | 770 |
| **Mountain View CLO IX Ltd.** <br>5.286% due 07/15/2031 •  | $139 | 139 |
| **Ocean Trails CLO XI** <br>4.914% due 07/20/2034 •  | 4700 | 4688 |
| **OCP Euro CLO DAC** <br>3.300% due 10/20/2039 •  | 8300 | 9762 |
| **Octagon Investment Partners 40 Ltd.** <br>4.924% due 01/20/2035 •  | $700 | 700 |
| **OZLM XXIV Ltd.** <br>5.306% due 07/20/2032 •  | 1209 | 1210 |
| **Palmer Square CLO Ltd.** <br>4.918% due 05/21/2034 •  | 8400 | 8399 |
| **Palmer Square European Loan Funding DAC** <br>3.034% due 08/15/2033 •  | 851 | 1000 |
| **PPM CLO 5 Ltd.** <br>4.998% due 10/18/2034 •  | $1300 | 1300 |
| **Rad CLO 10 Ltd.** <br>5.291% due 04/23/2034 •  | 4000 | 4012 |
| **Rockford Tower Europe CLO DAC** <br>3.326% due 08/29/2036 •  | 2200 | 2588 |
| **Saranac CLO VI Ltd.** <br>5.125% due 08/13/2031 •  | $293 | 293 |
| **Sound Point CLO XVIII Ltd.** <br>5.266% due 01/21/2031 •  | 90 | 91 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **St. Paul's CLO II DAC** <br>3.045% due 10/25/2035 •  | 700 | 823 |
| **TCI-Symphony CLO Ltd.** <br>5.193% due 10/13/2032 •  | $2193 | 2194 |
| **Thayer Park CLO Ltd.** <br>4.868% due 04/20/2034 •  | 2000 | 1999 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 1300 | 1529 |
| **Toro European CLO 6 DAC** <br>2.945% due 01/12/2032 •  | 3853 | 4533 |
| **Trinitas CLO VII Ltd.** <br>4.918% due 01/25/2035 •  | $2600 | 2600 |
| **Venture 33 CLO Ltd.** <br>5.226% due 07/15/2031 •  | 716 | 716 |
| **Venture 36 CLO Ltd.** <br>5.276% due 04/20/2032 •  | 4089 | 4091 |
| **Venture XXIX CLO Ltd.** <br>5.103% due 09/07/2030 •  | 81 | 81 |
| **Venture XXVII CLO Ltd.** <br>5.196% due 07/20/2030 •  | 70 | 70 |
| **Voya CLO Ltd.** <br>5.273% due 07/14/2031 •  | 336 | 336 |
| **Voya Euro CLO IV DAC** <br>2.979% due 10/15/2034 •  | 2800 | 3293 |
| **Voya Ltd.** <br>5.166% due 10/15/2030 •  | $361 | 362 |
| **Wellfleet CLO Ltd.** <br>5.064% due 04/20/2034 •  | 1200 | 1202 |
| **Whetstone Park CLO Ltd.** <br>4.954% due 01/20/2035 •  | 1200 | 1200 |
| **Wind River CLO Ltd.** <br>4.965% due 10/15/2034 •  | 3876 | 3867 |
|  |  | 163190 |
| Total Asset-Backed Securities (Cost $315,014) |  | 300887 |
| **SOVEREIGN ISSUES 8.7%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (c) | 539800 | 95291 |
| **Canada Government Real Return Bonds** <br>4.250% due 12/01/2026 (d) | 21080 | 15858 |
| **French Republic Government Bonds OAT**  |  |  |
| 0.100% due 03/01/2026 (d)  | 26519 | 31050 |
| 0.100% due 07/25/2031 (d)  | 53120 | 59084 |
| 0.100% due 07/25/2038 (d)  | 362 | 343 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (d)  | 11096 | 12691 |
| 1.800% due 05/15/2036 (d)  | 4169 | 4891 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.005% due 03/10/2034 (d)  | 126199 | 790 |
| 0.005% due 03/10/2035 (d)  | 1123056 | 6994 |
| 0.100% due 03/10/2028 (d)  | 3843071 | 24964 |
| 0.100% due 03/10/2029 (d)  | 11130315 | 72229 |
| **Mexico Government International Bonds**  |  |  |
| 5.850% due 07/02/2032  | $900 | 926 |
| 6.625% due 01/29/2038  | 900 | 941 |
| Total Sovereign Issues (Cost $347,694) |  | 326052 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 (e) | 3840000 | 3881 |
| Total Preferred Securities (Cost $3,840) |  | 3881 |
| **SHORT-TERM INSTRUMENTS 21.7%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.850% (f) | 1091378 | 1091 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (g) 19.7%** |  | 740685 |
| **U.S. TREASURY BILLS 2.0%**  |  |  |
| 3.662% due 01/13/2026 - 04/21/2026 (b)(c)(j)(l) | 74776 | 74140 |
| Total Short-Term Instruments (Cost $815,002) |  | 815916 |
| Total Investments in Securities (Cost $5,238,532) |  | 5194126 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 189614 | 1847 |
| Total Short-Term Instruments (Cost $1,847) |  | 1847 |
| Total Investments in Affiliates (Cost $1,847) |  | 1847 |
| Total Investments 138.0% (Cost $5,240,379) |  | $5195973 |
| **Financial Derivative Instruments (i)(k) 0.2**%(Cost or Premiums, net $(11332)) |  | 8989 |
| Other Assets and Liabilities, net (38.2)% |  | (1441113) |
| Net Assets 100.0% |  | $3763849 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(e)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(g)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOM | BOM | 2.230%  | 12/29/2025 | 01/05/2026 | 110000 | &nbsp;&nbsp; Province of Ontario 2.800% due 06/02/2048 | &nbsp;&nbsp; Province of Ontario 2.800% due 06/02/2048 | (81917) | 80143 | 80163 |
|  |  | 2.230  | 12/22/2025 | 01/14/2026 | 170000 | &nbsp;&nbsp; Province of Ontario 1.900% - 4.150% due 06/02/2031 - 12/02/2054 | &nbsp;&nbsp; Province of Ontario 1.900% - 4.150% due 06/02/2031 - 12/02/2054 | (94644) | 123857 | 123941 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Ontario Strip 0.000% due 12/02/2054 | &nbsp;&nbsp; Province of Ontario Strip 0.000% due 12/02/2054 | (9741) |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 3.900% due 06/02/2045 | &nbsp;&nbsp; Province of Saskatchewan 3.900% due 06/02/2045 | (23348) |  |  |
| BOS | BOS | 3.750  | 12/31/2025 | 01/02/2026 | 54500 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 11/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 11/15/2033 | (55494) | 54500 | 54511 |
|  |  | 3.930  | 12/31/2025 | 01/02/2026 | 21900 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | (22333) | 21900 | 21905 |
| BUS | BUS | 2.200  | 12/12/2025 | 01/02/2026 | 90000 | &nbsp;&nbsp; Province of Ontario 2.900% due 12/02/2046 | &nbsp;&nbsp; Province of Ontario 2.900% due 12/02/2046 | (67176) | 65571 | 65654 |
|  |  | 2.230  | 12/16/2025 | 01/06/2026 | 130000 | &nbsp;&nbsp; Province of Ontario 4.450% due 12/02/2056 | &nbsp;&nbsp; Province of Ontario 4.450% due 12/02/2056 | (97130) | 94714 | 94812 |
| GSC | GSC | 3.910  | 12/31/2025 | 01/02/2026 | 300000 | &nbsp;&nbsp; Fannie Mae 5.000% due 11/01/2053 | &nbsp;&nbsp; Fannie Mae 5.000% due 11/01/2053 | (310526) | 300000 | 300065 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(762309)** | **740685** | **741051** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOO | BOO | BOO | BOO | BOO | 3.950%  | 3.950%  | 01/02/2026 | (11875) | (11875) | (11878) |
| BPS | BPS | BPS | BPS | BPS | 0.510  | 0.510  | 01/05/2026 | (76073250) | (76073250) | (486058) |
|  |  |  |  |  | 0.640  | 0.640  | 02/05/2026 | (77427496) | (77427496) | (494302) |
| STR | STR | STR | STR | STR | 3.840  | 3.840  | 01/05/2026 | (284875) | (284875) | (284875) |
|  |  |  |  |  | 3.930  | 3.930  | 01/02/2026 | (212288) | (212288) | (212335) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  | **(1489448)** |
| **(h)** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $730,244 and cash of $865 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(562476) at a weighted average interest rate of 0.520%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Description | Description | Description | Strike<br>Price | Notional Amount | Cost | Cost | Market<br>Value |
| Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | $50.000 | 96 | $120 | 120 | 39 |
| Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | 3.750 | 210 | 41 | 41 | 24 |

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------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | 4.500 | 4.500 | 02/24/2026 | 84 | 840 | 840 | 208 |  | 35 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **369** | **369** | **98** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Call - CBOE Crude Oil April 2026 Futures  | Call - CBOE Crude Oil April 2026 Futures  | Call - CBOE Crude Oil April 2026 Futures  | $66.000 | 66.000 | 03/17/2026 | 5 | $5 | 5 | (4) | $ | (3) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4400.000 | 4400.000 | 01/27/2026 | 10 | 1 | 1 | (44) |  | (74) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4500.000 | 4500.000 | 01/27/2026 | 10 | 1 | 1 | (35) |  | (42) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4600.000 | 4600.000 | 01/27/2026 | 5 | 1 | 1 | (12) |  | (11) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4700.000 | 4700.000 | 01/27/2026 | 5 | 1 | 1 | (8) |  | (6) |
| Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | Call - CME Gold February 2026 Futures  | 4800.000 | 4800.000 | 01/27/2026 | 20 | 2 | 2 | (36) |  | (11) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 4800.000 | 4800.000 | 02/24/2026 | 12 | 1 | 1 | (44) |  | (33) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 4900.000 | 4900.000 | 02/24/2026 | 25 | 3 | 3 | (84) |  | (46) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 5000.000 | 5000.000 | 02/24/2026 | 40 | 4 | 4 | (138) |  | (48) |
| Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | Call - CME Gold March 2026 Futures  | 5200.000 | 5200.000 | 02/24/2026 | 25 | 3 | 3 | (25) |  | (14) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 65.000 | 65.000 | 11/24/2026 | 87 | 435 | 435 | (4105) |  | (6642) |
| Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | 65.000 | 65.000 | 11/24/2026 | 87 | 435 | 435 | (4072) |  | (3300) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 100.000 | 100.000 | 11/24/2026 | 44 | 220 | 220 | (730) |  | (1317) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 120.000 | 120.000 | 11/24/2026 | 35 | 175 | 175 | (366) |  | (687) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 66.000 | 66.000 | 02/24/2026 | 7 | 7 | 7 | (8) |  | (6) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 67.000 | 67.000 | 02/24/2026 | 5 | 5 | 5 | (4) |  | (3) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 68.000 | 68.000 | 02/24/2026 | 16 | 16 | 16 | (11) |  | (9) |
| Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | Call - ICE Crude Oil April 2026 Futures  | 70.000 | 70.000 | 02/24/2026 | 10 | 10 | 10 | (5) |  | (4) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 66.000 | 66.000 | 01/27/2026 | 7 | 7 | 7 | (8) |  | (2) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 67.000 | 67.000 | 01/27/2026 | 7 | 7 | 7 | (8) |  | (2) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 68.000 | 68.000 | 01/27/2026 | 5 | 5 | 5 | (6) |  | (1) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 69.000 | 69.000 | 01/27/2026 | 4 | 4 | 4 | (4) |  | (1) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 70.000 | 70.000 | 01/27/2026 | 10 | 10 | 10 | (9) |  | (1) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 71.000 | 71.000 | 01/27/2026 | 6 | 6 | 6 | (4) |  | (1) |
| Call - NYMEX Crude Oil April 2026 Futures  | Call - NYMEX Crude Oil April 2026 Futures  | Call - NYMEX Crude Oil April 2026 Futures  | 65.000 | 65.000 | 03/17/2026 | 10 | 10 | 10 | (10) |  | (8) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 65.000 | 65.000 | 01/14/2026 | 30 | 30 | 30 | (25) |  | (2) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 66.000 | 66.000 | 01/14/2026 | 10 | 10 | 10 | (8) |  | (1) |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 67.000 | 67.000 | 01/14/2026 | 5 | 5 | 5 | (5) |  | 0 |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 68.000 | 68.000 | 01/14/2026 | 5 | 5 | 5 | (4) |  | 0 |
| Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | Call - NYMEX Crude Oil February 2026 Futures  | 69.000 | 69.000 | 01/14/2026 | 10 | 10 | 10 | (5) |  | 0 |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 63.000 | 63.000 | 02/17/2026 | 10 | 10 | 10 | (10) |  | (7) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 64.000 | 64.000 | 02/17/2026 | 99 | 99 | 99 | (118) |  | (54) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 65.000 | 65.000 | 02/17/2026 | 9 | 9 | 9 | (9) |  | (4) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 68.000 | 68.000 | 02/17/2026 | 10 | 10 | 10 | (5) |  | (3) |
| Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | 3.000 | 3.000 | 02/24/2026 | 21 | 210 | 210 | (42) |  | (46) |
| Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | 3.500 | 3.500 | 02/24/2026 | 84 | 840 | 840 | (197) |  | (449) |
|  |  |  |  |  |  |  |  | $ | (10208) | (10208) | (12838) |
| **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Call - EUREX Natural Gas February 2026 Futures  | Call - EUREX Natural Gas February 2026 Futures  | Call - EUREX Natural Gas February 2026 Futures  | $45.000 | 45.000 | 01/27/2026 | 4 | $3 | 3 | (5) | $ | 0 |
| Call - EUREX Natural Gas March 2026 Futures  | Call - EUREX Natural Gas March 2026 Futures  | Call - EUREX Natural Gas March 2026 Futures  | 45.000 | 45.000 | 02/24/2026 | 4 | 3 | 3 | (5) |  | (1) |
|  |  |  |  |  |  |  |  | $ | (10) | (10) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(10218)** | **(10218)** | **(12839)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Arabica Coffee March Futures  | 03/2026 | 6 | 6 | $785 | 785 | $(61) | (61) | (61) | $0 | 0 | $(3) |
| Brent Crude August Futures  | 06/2026 | 112 | 112 | 6741 | 6741 | (339) | (339) | (339) | 0 | 0 | (62) |
| Brent Crude December Futures  | 10/2026 | 500 | 500 | 30110 | 30110 | (1032) | (1032) | (1032) | 0 | 0 | (275) |
| Brent Crude July Futures  | 05/2026 | 112 | 112 | 6745 | 6745 | (227) | (227) | (227) | 0 | 0 | (62) |
| Brent Crude June Futures  | 04/2026 | 15 | 15 | 904 | 904 | 10 | 10 | 10 | 0 | 0 | (8) |
| Brent Crude March Futures  | 01/2026 | 440 | 440 | 26774 | 26774 | (415) | (415) | (415) | 0 | 0 | (211) |
| Brent Crude October Futures  | 08/2026 | 42 | 42 | 2527 | 2527 | 5 | 5 | 5 | 0 | 0 | (23) |
| Brent Crude September Futures  | 07/2026 | 154 | 154 | 9266 | 9266 | (168) | (168) | (168) | 0 | 0 | (85) |
| California Carbon Allowance Vintage December Futures  | 12/2026 | 4121 | 4121 | 135581 | 135581 | 4991 | 4991 | 4991 | 618 | 618 | 0 |
| Carbon Emissions December Futures  | 12/2026 | 149 | 149 | 15299 | 15299 | 646 | 646 | 646 | 16 | 16 | (31) |
| Cocoa July Futures  | 07/2026 | 42 | 42 | 2575 | 2575 | 74 | 74 | 74 | 3 | 3 | 0 |
| Cocoa March Futures  | 03/2026 | 509 | 509 | 30871 | 30871 | 1102 | 1102 | 1102 | 10 | 10 | 0 |
| Copper July Futures  | 07/2026 | 4 | 4 | 579 | 579 | 19 | 19 | 19 | 0 | 0 | (10) |
| Copper March Futures  | 03/2026 | 26 | 26 | 3693 | 3693 | 246 | 246 | 246 | 0 | 0 | (65) |
| Euro-Bobl March Futures  | 03/2026 | 169 | 169 | 23070 | 23070 | (165) | (165) | (165) | 0 | 0 | (16) |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Euro-BTP Future March Futures  | 03/2026 | 411 | 58048 | (240) | 0 | (174) |
| Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 236 | 30541 | (641) | 0 | (94) |
| Euro-Schatz March Futures  | 03/2026 | 1596 | 200297 | (278) | 0 | (19) |
| Gold 100 oz. April Futures  | 04/2026 | 42 | 18370 | (255) | 0 | (189) |
| Gold 100 oz. February Futures  | 02/2026 | 58 | 25178 | (13) | 0 | (262) |
| Gold 100 oz. June Futures  | 06/2026 | 9 | 3966 | 162 | 0 | (41) |
| Hard Red Winter Wheat March Futures  | 03/2026 | 171 | 4401 | (174) | 0 | (61) |
| Henry Hub Natural Gas April Futures  | 03/2031 | 11 | 82 | (11) | 0 | (2) |
| Henry Hub Natural Gas August Futures  | 07/2031 | 11 | 91 | (2) | 0 | (1) |
| Henry Hub Natural Gas December Futures  | 11/2031 | 11 | 111 | 18 | 0 | (1) |
| Henry Hub Natural Gas February Futures  | 01/2031 | 10 | 102 | 18 | 0 | (1) |
| Henry Hub Natural Gas January Futures  | 12/2030 | 11 | 121 | 28 | 0 | 0 |
| Henry Hub Natural Gas July Futures  | 06/2031 | 11 | 89 | (3) | 0 | (1) |
| Henry Hub Natural Gas June Futures  | 05/2031 | 11 | 85 | (8) | 0 | (1) |
| Henry Hub Natural Gas March Futures  | 02/2031 | 11 | 94 | 1 | 0 | (2) |
| Henry Hub Natural Gas May Futures  | 04/2031 | 11 | 81 | (12) | 0 | (1) |
| Henry Hub Natural Gas November Futures  | 10/2031 | 11 | 99 | 6 | 0 | (1) |
| Henry Hub Natural Gas October Futures  | 09/2031 | 11 | 93 | 0 | 0 | (1) |
| Henry Hub Natural Gas September Futures  | 08/2031 | 11 | 91 | (2) | 0 | (1) |
| Iron Ore February Futures  | 02/2026 | 862 | 9060 | 236 | 0 | (20) |
| Iron Ore March Futures  | 03/2026 | 1625 | 17030 | 796 | 0 | (21) |
| Japan Government 10-Year Bond March Futures  | 03/2026 | 6 | 5072 | (34) | 0 | (11) |
| Lean Hogs June Futures  | 06/2026 | 51 | 2099 | 60 | 0 | (2) |
| Live Cattle April Futures  | 04/2026 | 138 | 12817 | 231 | 68 | 0 |
| Live Cattle June Futures  | 06/2026 | 58 | 5261 | 311 | 23 | 0 |
| LME Aluminum July Futures  | 07/2026 | 13 | 978 | 27 | 27 | 0 |
| LME Nickel July Futures  | 07/2026 | 36 | 3637 | 268 | 278 | (9) |
| LME Nickel March Futures  | 03/2026 | 46 | 4592 | 293 | 309 | (16) |
| LME Zinc July Futures  | 07/2026 | 41 | 3206 | 47 | 48 | (1) |
| LME Zinc March Futures  | 03/2026 | 147 | 11462 | 291 | 293 | 0 |
| Mont Belvieu Ethane (OPIS) February Futures  | 02/2026 | 30 | 302 | (44) | 0 | (10) |
| Mont Belvieu Ethane (OPIS) March Futures  | 03/2026 | 11 | 109 | (21) | 0 | (3) |
| Natural Gas April Futures  | 03/2026 | 1 | 23 | (9) | 1 | (1) |
| Natural Gas April Futures  | 03/2027 | 26 | 886 | 0 | 0 | (11) |
| Natural Gas August Futures  | 07/2026 | 1 | 23 | (10) | 0 | 0 |
| Natural Gas December Futures  | 11/2026 | 1 | 24 | (9) | 0 | 0 |
| Natural Gas February Futures  | 01/2026 | 1 | 22 | 0 | 1 | 0 |
| Natural Gas July Futures  | 06/2026 | 1 | 23 | (10) | 0 | 0 |
| Natural Gas June Futures  | 05/2026 | 1 | 23 | (9) | 0 | 0 |
| Natural Gas March Futures  | 02/2027 | 11 | 407 | (4) | 0 | (7) |
| Natural Gas May Futures  | 04/2026 | 1 | 23 | (10) | 1 | (1) |
| Natural Gas May Futures  | 04/2026 | 226 | 7300 | (1620) | 0 | (377) |
| Natural Gas November Futures  | 10/2026 | 1 | 23 | (9) | 0 | 0 |
| Natural Gas October Futures  | 09/2026 | 1 | 24 | (9) | 0 | 0 |
| Natural Gas September Futures  | 08/2026 | 1 | 23 | (9) | 0 | 0 |
| New York Harbor June Futures  | 05/2026 | 38 | 3247 | (222) | 0 | (38) |
| New York Harbor March Futures  | 02/2026 | 42 | 3710 | (36) | 0 | (48) |
| Palladium March Futures  | 03/2026 | 11 | 1817 | 216 | 0 | (83) |
| Platinum April Futures  | 04/2026 | 10 | 1022 | 139 | 0 | (105) |
| RBOB Gasoline June Futures  | 05/2026 | 93 | 7648 | (238) | 0 | (68) |
| Rotterdam Coal April Futures  | 04/2026 | 5 | 472 | (24) | 3 | 0 |
| Rotterdam Coal June Futures  | 06/2026 | 5 | 475 | (22) | 3 | 0 |
| Rotterdam Coal May Futures  | 05/2026 | 5 | 473 | (23) | 3 | 0 |
| Silver December Futures  | 12/2026 | 56 | 20397 | 1316 | 0 | (2071) |
| Silver July Futures  | 07/2026 | 4 | 1435 | 122 | 0 | (147) |
| Soybean July Futures  | 07/2026 | 76 | 4082 | (225) | 0 | (45) |
| Soybean March Futures  | 03/2026 | 195 | 10213 | (936) | 0 | (144) |
| Soybean Meal March Futures  | 03/2026 | 626 | 18742 | (1731) | 0 | (182) |
| U.S. Treasury 5-Year Note March Futures  | 03/2026 | 3858 | 421697 | (595) | 0 | (452) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 1636 | 193048 | (3148) | 0 | (614) |
| U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 1312 | 150901 | (738) | 0 | (246) |
| WTI Crude August Futures  | 07/2026 | 108 | 6160 | (70) | 0 | (55) |
| WTI Crude December Futures  | 11/2026 | 163 | 9278 | (533) | 0 | (82) |
| WTI Crude July Futures  | 06/2026 | 86 | 4905 | (234) | 0 | (44) |
| WTI Crude March Futures  | 02/2026 | 25 | 1431 | (13) | 0 | (13) |
| WTI Crude September Futures  | 08/2026 | 18 | 1026 | 15 | 0 | (9) |
|  |  |  |  | $ | $ | (6640) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| Argus Euro-Bobl Oxy FOB Rotterdam Barges vs Brent 1st Line December Futures  | 12/2025 | 7 | $(92) | (12) | 0 | $0 |
| Brent Crude April Futures  | 02/2026 | 48 | (2904) | 138 | 26 | 0 |
| Brent Crude December Futures  | 10/2027 | 39 | (2391) | 139 | 25 | 0 |
| Brent Crude February Futures  | 12/2026 | 53 | (3193) | 28 | 30 | 0 |
| Brent Crude January Futures  | 11/2026 | 49 | (2951) | 76 | 27 | 0 |
| Brent Crude June Futures  | 04/2027 | 85 | (5150) | 239 | 50 | 0 |
| Brent Crude May Futures  | 03/2026 | 49 | (2956) | 55 | 27 | 0 |
| Brent Crude November Futures  | 09/2026 | 56 | (3371) | 102 | 31 | 0 |
| Corn December Futures  | 12/2026 | 43 | (990) | 8 | 1 | 0 |
| Corn July Futures  | 07/2026 | 266 | (6045) | 38 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Corn March Futures  | Corn March Futures  | 03/2026 | 718 | (15805) |  | (121) | (121) |  | 9 | 9 |  | 0 |
| Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | 07/2026 | 109 | (3642) |  | (27) | (27) |  | 1 | 1 |  | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 909 | (136278) |  | 1818 | 1818 |  | 246 | 246 |  | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 1312 | (185933) |  | 1931 | 1931 |  | 447 | 447 |  | 0 |
| Gas Oil June Futures  | Gas Oil June Futures  | 06/2026 | 159 | (9564) |  | (150) | (150) |  | 40 | 40 |  | 0 |
| Gas Oil March Futures  | Gas Oil March Futures  | 03/2026 | 362 | (22290) |  | 912 | 912 |  | 172 | 172 |  | 0 |
| Hard Red Winter Wheat July Futures  | Hard Red Winter Wheat July Futures  | 07/2026 | 30 | (813) |  | 3 | 3 |  | 10 | 10 |  | 0 |
| Hard Red Winter Wheat May Futures  | Hard Red Winter Wheat May Futures  | 05/2026 | 7 | (185) |  | 0 | 0 |  | 2 | 2 |  | 0 |
| Henry Hub Natural Gas February Futures  | Henry Hub Natural Gas February Futures  | 01/2026 | 28 | (258) |  | 34 | 34 |  | 20 | 20 |  | 0 |
| Henry Hub Natural Gas March Futures  | Henry Hub Natural Gas March Futures  | 02/2026 | 20 | (157) |  | 40 | 40 |  | 11 | 11 |  | 0 |
| Lean Hogs April Futures  | Lean Hogs April Futures  | 04/2026 | 193 | (6940) |  | (169) | (169) |  | 21 | 21 |  | 0 |
| LME Aluminum March Futures  | LME Aluminum March Futures  | 03/2026 | 35 | (2620) |  | (99) | (99) |  | 0 | 0 |  | (99) |
| LME Lead March Futures  | LME Lead March Futures  | 03/2026 | 101 | (5069) |  | 8 | 8 |  | 54 | 54 |  | (45) |
| Natural Gas April Futures  | Natural Gas April Futures  | 03/2026 | 295 | (9301) |  | 2095 | 2095 |  | 540 | 540 |  | 0 |
| Natural Gas January Futures  | Natural Gas January Futures  | 12/2026 | 37 | (1740) |  | 113 | 113 |  | 30 | 30 |  | 0 |
| Natural Gas July Futures  | Natural Gas July Futures  | 06/2026 | 26 | (954) |  | 21 | 21 |  | 37 | 37 |  | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 23 | (720) |  | 40 | 40 |  | 50 | 50 |  | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 194 | (4708) |  | (85) | (85) |  | 104 | 104 |  | (94) |
| Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 120 | (3461) |  | (33) | (33) |  | 78 | 78 |  | (72) |
| RBOB Gasoline March Futures  | RBOB Gasoline March Futures  | 02/2026 | 198 | (14482) |  | 707 | 707 |  | 129 | 129 |  | 0 |
| Silver March Futures  | Silver March Futures  | 03/2026 | 94 | (33183) |  | (5141) | (5141) |  | 3438 | 3438 |  | 0 |
| SNG KEROS vs. SNG GA April Futures  | SNG KEROS vs. SNG GA April Futures  | 04/2026 | 4 | 3 |  | 1 | 1 |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA December Futures  | SNG KEROS vs. SNG GA December Futures  | 12/2025 | 8 | 16 |  | 13 | 13 |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA December Futures  | SNG KEROS vs. SNG GA December Futures  | 12/2026 | 4 | 0 |  | (1) | (1) |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA February Futures  | SNG KEROS vs. SNG GA February Futures  | 02/2026 | 18 | 1 |  | (4) | (4) |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA February Futures  | SNG KEROS vs. SNG GA February Futures  | 02/2026 | 16 | (1) |  | (1) | (1) |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA January Futures  | SNG KEROS vs. SNG GA January Futures  | 01/2026 | 27 | 19 |  | 11 | 11 |  | 0 | 0 |  | (1) |
| SNG KEROS vs. SNG GA January Futures  | SNG KEROS vs. SNG GA January Futures  | 01/2026 | 9 | (6) |  | (5) | (5) |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA June Futures  | SNG KEROS vs. SNG GA June Futures  | 06/2026 | 4 | 3 |  | 1 | 1 |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA March Futures  | SNG KEROS vs. SNG GA March Futures  | 03/2026 | 10 | 5 |  | 1 | 1 |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA May Futures  | SNG KEROS vs. SNG GA May Futures  | 05/2026 | 4 | 3 |  | 1 | 1 |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA November Futures  | SNG KEROS vs. SNG GA November Futures  | 11/2026 | 4 | 1 |  | 0 | 0 |  | 0 | 0 |  | 0 |
| SNG KEROS vs. SNG GA October Futures  | SNG KEROS vs. SNG GA October Futures  | 10/2026 | 4 | 1 |  | 0 | 0 |  | 0 | 0 |  | 0 |
| Soybean Meal July Futures  | Soybean Meal July Futures  | 07/2026 | 13 | (402) |  | 3 | 3 |  | 3 | 3 |  | 0 |
| Soybean November Futures  | Soybean November Futures  | 11/2026 | 2 | (106) |  | 0 | 0 |  | 1 | 1 |  | 0 |
| Soybean Oil July Futures  | Soybean Oil July Futures  | 07/2026 | 84 | (2493) |  | 45 | 45 |  | 41 | 41 |  | 0 |
| Soybean Oil March Futures  | Soybean Oil March Futures  | 03/2026 | 58 | (1690) |  | 93 | 93 |  | 31 | 31 |  | 0 |
| Sugar No. 11 July Futures  | Sugar No. 11 July Futures  | 06/2026 | 294 | (4844) |  | (74) | (74) |  | 4 | 4 |  | (24) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 2856 | (596302) |  | (320) | (320) |  | 185 | 185 |  | (1) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 2273 | (255570) |  | 530 | 530 |  | 462 | 462 |  | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 2666 | (308173) |  | 1999 | 1999 |  | 583 | 583 |  | 0 |
| Wheat July Futures  | Wheat July Futures  | 07/2026 | 40 | (1063) |  | 8 | 8 |  | 5 | 5 |  | 0 |
| Wheat March Futures  | Wheat March Futures  | 03/2026 | 374 | (9481) |  | 715 | 715 |  | 70 | 70 |  | 0 |
| Wheat May Futures  | Wheat May Futures  | 05/2026 | 11 | (285) |  | 5 | 5 |  | 2 | 2 |  | 0 |
| WTI Crude April Futures  | WTI Crude April Futures  | 03/2026 | 51 | (2911) |  | 27 | 27 |  | 26 | 26 |  | 0 |
| WTI Crude December Futures  | WTI Crude December Futures  | 11/2026 | 9 | (512) |  | 23 | 23 |  | 0 | 0 |  | 0 |
| WTI Crude December Futures  | WTI Crude December Futures  | 11/2027 | 121 | (7001) |  | 366 | 366 |  | 65 | 65 |  | 0 |
| WTI Crude December Futures  | WTI Crude December Futures  | 11/2028 | 5 | (296) |  | 11 | 11 |  | 3 | 3 |  | 0 |
| WTI Crude February Futures  | WTI Crude February Futures  | 01/2026 | 41 | (2354) |  | 135 | 135 |  | 22 | 22 |  | 0 |
| WTI Crude January Futures  | WTI Crude January Futures  | 12/2026 | 9 | (512) |  | (8) | (8) |  | 4 | 4 |  | 0 |
| WTI Crude June Futures  | WTI Crude June Futures  | 05/2026 | 89 | (5074) |  | 30 | 30 |  | 25 | 25 |  | 0 |
| WTI Crude June Futures  | WTI Crude June Futures  | 05/2027 | 60 | (3436) |  | 83 | 83 |  | 31 | 31 |  | 0 |
| WTI Crude March Futures  | WTI Crude March Futures  | 02/2026 | 8 | (458) |  | 4 | 4 |  | 0 | 0 |  | 0 |
| WTI Crude May Futures  | WTI Crude May Futures  | 04/2026 | 9 | (513) |  | (10) | (10) |  | 5 | 5 |  | 0 |
| WTI Crude November Futures  | WTI Crude November Futures  | 10/2026 | 43 | (2448) |  | 121 | 121 |  | 21 | 21 |  | 0 |
| WTI Crude October Futures  | WTI Crude October Futures  | 09/2026 | 48 | (2734) |  | 246 | 246 |  | 24 | 24 |  | 0 |
|  |  |  |  |  | $6757 | 6757 | 6757 | $7269 | 7269 | $ | $(336) | (336) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**3810** | **3810** | **3810** | $**8974** | **8974** | **$** | $**(6976)** | **(6976)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(3)</sup> | <u>Variation Margin</u><sup>(3)</sup> | <u>Variation Margin</u><sup>(3)</sup> | <u>Variation Margin</u><sup>(3)</sup> |
| Pay/<br>Receive<br>Floating Rate | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset |  | Liability |
| Pay | 09/17/2030 | 09/17/2030 | 158000 | $(718) | 1594 | 1594 | $876 | 876 | 876 | 178 | $ | $0 |
| Pay<sup>(2)</sup> | 03/18/2031 | 03/18/2031 | 66000 | 286 | 61 | 61 | 347 | 347 | 347 | 83 |  | 0 |
| Receive | 09/20/2027 | 09/20/2027 | 2495000 | (45) | 285 | 285 | 240 | 240 | 240 | 6 |  | 0 |
| Receive | 03/20/2028 | 03/20/2028 | 568470 | (11) | 89 | 89 | 78 | 78 | 78 | 2 |  | 0 |
| Receive | 09/14/2028 | 09/14/2028 | 9360000 | (108) | 1243 | 1243 | 1135 | 1135 | 1135 | 52 |  | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 4681000 | 92 | 1739 | 1831 | 53 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.300 | Semi-Annual | 11/15/2028 | $201300 | (2657) | (5067) | (7724) | 0 | (209) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 22580 | (285) | (556) | (841) | 0 | (24) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 57121 | (21) | 264 | 243 | 82 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 75754 | 75 | (1) | 74 | 108 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 205057 | (204) | (1841) | (2045) | 368 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.085 | Annual | 02/13/2034 | 23280 | (220) | (1001) | (1221) | 0 | (47) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.285 | Semi-Annual | 11/15/2053 | 26200 | 1645 | 7832 | 9477 | 73 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 12600 | 176 | 176 | 352 | 43 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 11373 | 85 | 112 | 197 | 39 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | 11/21/2053 | 20100 | 1248 | 6182 | 7430 | 56 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | 02/13/2054 | 88500 | 1835 | 18622 | 20457 | 263 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 29500 | 786 | 2699 | 3485 | 95 | 0 |
| Receive | 6-Month EUR-EURIBOR | 1.830 | Annual | 09/17/2027 | 62900 | 0 | 569 | 569 | 8 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.465 | Annual | 12/08/2027 | 42400 | (550) | 351 | (199) | 4 | 0 |
| Pay<sup>(2)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 | 272600 | 153 | (5915) | (5762) | 0 | (376) |
| Receive | 6-Month EUR-EURIBOR | 0.190 | Annual | 11/04/2052 | 8600 | 532 | 5172 | 5704 | 20 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.195 | Annual | 11/04/2052 | 8950 | 6 | 5920 | 5926 | 20 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.197 | Annual | 11/08/2052 | 17500 | 1090 | 10485 | 11575 | 40 | 0 |
| Receive<sup>(2)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 | 71800 | (1024) | 5305 | 4281 | 240 | 0 |
| Pay | CPTFEMU | 1.380 | Maturity | 03/15/2031 | 21840 | (164) | (4379) | (4543) | 38 | 0 |
| Receive | CPTFEMU | 2.600 | Maturity | 05/15/2032 | 2800 | 2 | (15) | (13) | 0 | (3) |
| Receive | CPTFEMU | 2.570 | Maturity | 06/15/2032 | 45400 | 0 | (980) | (980) | 0 | (53) |
| Receive | CPTFEMU | 2.049 | Maturity | 08/15/2034 | 67600 | (28) | (1185) | (1213) | 0 | (62) |
| Receive | CPTFEMU | 2.034 | Maturity | 09/15/2034 | 8000 | (8) | (118) | (126) | 0 | (6) |
| Pay | CPTFEMU | 2.487 | Maturity | 05/15/2037 | 120 | 0 | 2 | 2 | 0 | 0 |
| Pay | CPTFEMU | 1.950 | Maturity | 11/15/2048 | 2020 | 7 | (261) | (254) | 10 | 0 |
| Pay | CPTFEMU | 2.580 | Maturity | 03/15/2052 | 4100 | 2 | 229 | 231 | 13 | 0 |
| Pay | CPTFEMU | 2.590 | Maturity | 03/15/2052 | 4730 | (123) | 405 | 282 | 14 | 0 |
| Pay | CPTFEMU | 2.550 | Maturity | 04/15/2052 | 3000 | 4 | 164 | 168 | 9 | 0 |
| Pay | CPTFEMU | 2.421 | Maturity | 05/15/2052 | 3330 | 0 | 69 | 69 | 9 | 0 |
| Pay | CPTFEMU | 2.590 | Maturity | 12/15/2052 | 9000 | 0 | 1059 | 1059 | 18 | 0 |
| Pay | CPTFEMU | 2.680 | Maturity | 04/15/2053 | 11200 | 9 | 1725 | 1734 | 27 | 0 |
| Pay | CPTFEMU | 2.700 | Maturity | 04/15/2053 | 5100 | 34 | 788 | 822 | 12 | 0 |
| Pay | CPTFEMU | 2.763 | Maturity | 09/15/2053 | 10700 | 29 | 1926 | 1955 | 23 | 0 |
| Pay | CPTFEMU | 2.682 | Maturity | 10/15/2053 | 3400 | 0 | 531 | 531 | 7 | 0 |
| Pay | CPTFEMU | 2.736 | Maturity | 10/15/2053 | 5500 | 50 | 904 | 954 | 11 | 0 |
| Pay | CPURNSA | 2.702 | Maturity | 01/14/2026 | $29000 | 0 | (79) | (79) | 0 | (23) |
| Pay | CPURNSA | 2.820 | Maturity | 02/05/2026 | 17700 | 0 | 13 | 13 | 0 | (2) |
| Pay | CPURNSA | 2.842 | Maturity | 02/13/2026 | 18600 | 0 | 19 | 19 | 0 | (2) |
| Pay | CPURNSA | 3.042 | Maturity | 02/21/2026 | 19000 | 0 | 61 | 61 | 2 | 0 |
| Receive | CPURNSA | 2.418 | Maturity | 03/05/2026 | 8100 | 0 | 947 | 947 | 0 | (1) |
| Pay | CPURNSA | 3.323 | Maturity | 04/23/2026 | 3400 | 0 | 27 | 27 | 0 | 0 |
| Receive | CPURNSA | 2.767 | Maturity | 05/13/2026 | 10000 | 0 | 951 | 951 | 0 | (1) |
| Receive | CPURNSA | 2.813 | Maturity | 05/14/2026 | 9800 | 0 | 907 | 907 | 0 | (1) |
| Receive | CPURNSA | 2.703 | Maturity | 05/25/2026 | 9590 | 2 | 931 | 933 | 0 | 0 |
| Receive | CPURNSA | 2.690 | Maturity | 06/01/2026 | 10400 | 0 | 1011 | 1011 | 0 | 0 |
| Pay | CPURNSA | 3.300 | Maturity | 06/04/2026 | 17400 | 0 | 92 | 92 | 0 | 0 |
| Pay | CPURNSA | 3.435 | Maturity | 08/01/2026 | 12100 | 0 | 70 | 70 | 2 | 0 |
| Pay | CPURNSA | 3.437 | Maturity | 08/01/2026 | 23800 | 0 | 139 | 139 | 3 | 0 |
| Pay | CPURNSA | 3.433 | Maturity | 08/27/2026 | 34000 | 0 | 220 | 220 | 5 | 0 |
| Receive | CPURNSA | 1.793 | Maturity | 08/24/2027 | 90200 | 0 | 15731 | 15731 | 11 | 0 |
| Receive | CPURNSA | 1.797 | Maturity | 08/25/2027 | 21700 | 0 | 3775 | 3775 | 3 | 0 |
| Receive | CPURNSA | 1.890 | Maturity | 08/27/2027 | 40100 | 0 | 6690 | 6690 | 6 | 0 |
| Pay | CPURNSA | 2.335 | Maturity | 02/05/2028 | 32120 | 70 | (3648) | (3578) | 24 | 0 |
| Pay | CPURNSA | 2.352 | Maturity | 05/09/2028 | 10270 | 0 | (1094) | (1094) | 0 | (2) |
| Pay | CPURNSA | 2.360 | Maturity | 05/09/2028 | 15460 | 0 | (1633) | (1633) | 0 | (2) |
| Pay | CPURNSA | 2.364 | Maturity | 05/10/2028 | 15760 | 0 | (1659) | (1659) | 0 | (2) |
| Pay | CPURNSA | 2.165 | Maturity | 04/16/2029 | 14300 | 0 | (1908) | (1908) | 0 | (25) |
| Pay | CPURNSA | 1.997 | Maturity | 07/25/2029 | 22400 | 18 | (3303) | (3285) | 0 | (36) |
| Receive | CPURNSA | 2.311 | Maturity | 02/24/2031 | 12100 | 0 | 1462 | 1462 | 22 | 0 |
| Pay | FRCPXTOB | 1.910 | Maturity | 01/15/2038 | 5600 | 16 | (113) | (97) | 5 | 0 |
| Receive | UKRPI | 3.365 | Maturity | 09/15/2027 | 14200 | 0 | (194) | (194) | 0 | (5) |
| Pay | UKRPI | 3.500 | Maturity | 08/15/2034 | 15800 | 89 | 709 | 798 | 15 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 6600 |  | 0 |  | 297 |  | 297 |  | 0 | 0 |  | (1) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**2175** | **2175** | $**75604** | **75604** | $**77779** | **77779** | $**2122** | **2122** | **2122** | $**(883)** | **(883)** |
| **(j)** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $83,624 and cash of $9,359 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. | Future styled option variation margin asset of $7 and liability of $(0) is outstanding at period end. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(3)</sup> | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. | Unsettled variation margin asset of $114 and liability of $(119) for closed futures is outstanding at period end. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $2736 | 2736 | JPY | 425297 | 425297 | 425297 | 0 | 0 | 0 | 0 | $(19) | (19) | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | INR | 4565 | 4565 | $ | $50 | 50 | 50 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 1515511 | 1515511 |  | 1042 | 1042 | 1042 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 20128 | 20128 |  | 622 | 622 | 622 | 0 | 0 | 0 | 0 | (18) | (18) | (18) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 95668 | 95668 |  | 3137 | 3137 | 3137 | 91 | 91 | 91 | 91 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1897 | 1897 | EUR | 1611 | 1611 | 1611 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7035 | 7035 | PLN | 25752 | 25752 | 25752 | 138 | 138 | 138 | 138 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 381 | 381 | TWD | 12020 | 12020 | 12020 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1550 | 1550 | ZAR | 25838 | 25838 | 25838 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 6129 | 6129 | $ | $1924 | 1924 | 1924 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $539 | 539 | MXN | 9943 | 9943 | 9943 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 15026 | 15026 | $ | $9767 | 9767 | 9767 | 0 | 0 | 0 | 0 | (261) | (261) | (261) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 710 | 710 |  | 902 | 902 | 902 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 51281 | 51281 |  | 7277 | 7277 | 7277 | 0 | 0 | 0 | 0 | (81) | (81) | (81) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 10197 | 10197 |  | 3136 | 3136 | 3136 | 0 | 0 | 0 | 0 | (66) | (66) | (66) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 165882 | 165882 |  | 1840 | 1840 | 1840 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 657800 | 657800 |  | 4257 | 4257 | 4257 | 54 | 54 | 54 | 54 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 10534 | 10534 |  | 5986 | 5986 | 5986 | 0 | 0 | 0 | 0 | (81) | (81) | (81) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 8830 | 8830 |  | 2420 | 2420 | 2420 | 0 | 0 | 0 | 0 | (39) | (39) | (39) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 325261 | 325261 |  | 10702 | 10702 | 10702 | 346 | 346 | 346 | 346 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $8040 | 8040 | CNH | 56317 | 56317 | 56317 | 36 | 36 | 36 | 36 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1006 | 1006 | EUR | 854 | 854 | 854 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 10 | 10 | IDR | 170051 | 170051 | 170051 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1885 | 1885 | INR | 170056 | 170056 | 170056 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7161 | 7161 | PLN | 26074 | 26074 | 26074 | 101 | 101 | 101 | 101 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 14124 | 14124 | TWD | 443427 | 443427 | 443427 | 24 | 24 | 24 | 24 | (28) | (28) | (28) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3291 | 3291 | ZAR | 54875 | 54875 | 54875 | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 22871 | 22871 | $ | $1367 | 1367 | 1367 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1904 | 1904 | INR | 171569 | 171569 | 171569 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 4755 | 4755 | TWD | 149234 | 149234 | 149234 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 63091 | 63091 | $ | $2032 | 2032 | 2032 | 26 | 26 | 26 | 26 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 57600 | 57600 |  | 10083 | 10083 | 10083 | 0 | 0 | 0 | 0 | (212) | (212) | (212) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | DKK | 32844 | 32844 |  | 5097 | 5097 | 5097 | 0 | 0 | 0 | 0 | (74) | (74) | (74) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 1881 | 1881 |  | 2184 | 2184 | 2184 | 0 | 0 | 0 | 0 | (28) | (28) | (28) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 2674 | 2674 |  | 834 | 834 | 834 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1460 | 1460 | AUD | 2184 | 2184 | 2184 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7496 | 7496 | CAD | 10389 | 10389 | 10389 | 77 | 77 | 77 | 77 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 211 | 211 | PLN | 769 | 769 | 769 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1086 | 1086 | TRY | 49025 | 49025 | 49025 | 47 | 47 | 47 | 47 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 334 | 334 | $ | $19 | 19 | 19 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 2604 | 2604 |  | 808 | 808 | 808 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1446 | 1446 | MXN | 26812 | 26812 | 26812 | 36 | 36 | 36 | 36 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 4416 | 4416 |  | 81772 | 81772 | 81772 | 93 | 93 | 93 | 93 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 17901 | 17901 | TRY | 823530 | 823530 | 823530 | 155 | 155 | 155 | 155 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | 01/2026  | JPY | 3276237 | 3276237 | $ | $21049 | 21049 | 21049 | 118 | 118 | 118 | 118 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | PEN | 2212 | 2212 |  | 633 | 633 | 633 | 0 | 0 | 0 | 0 | (24) | (24) | (24) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 109300 | 109300 |  | 19244 | 19244 | 19244 | 18 | 18 | 18 | 18 | (310) | (310) | (310) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | CAD | 11201 | 11201 |  | 8118 | 8118 | 8118 | 0 | 0 | 0 | 0 | (47) | (47) | (47) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 1759 | 1759 |  | 2327 | 2327 | 2327 | 0 | 0 | 0 | 0 | (44) | (44) | (44) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 4 | 4 |  | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NOK | 2485 | 2485 |  | 244 | 244 | 244 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 3445 | 3445 |  | 1988 | 1988 | 1988 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 44 | 44 |  | 12 | 12 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 490655 | 490655 |  | 16144 | 16144 | 16144 | 522 | 522 | 522 | 522 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $2117 | 2117 | AUD | 3192 | 3192 | 3192 | 14 | 14 | 14 | 14 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7567 | 7567 | CAD | 10412 | 10412 | 10412 | 23 | 23 | 23 | 23 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 5230 | 5230 | CNH | 36510 | 36510 | 36510 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3927 | 3927 | EUR | 3347 | 3347 | 3347 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 451 | 451 | ILS | 1444 | 1444 | 1444 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 31820 | 31820 | INR | 2844704 | 2844704 | 2844704 | 24 | 24 | 24 | 24 | (269) | (269) | (269) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 569 | 569 | PLN | 2046 | 2046 | 2046 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7 | 7 | THB | 219 | 219 | 219 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3775 | 3775 | TWD | 118015 | 118015 | 118015 | 2 | 2 | 2 | 2 | (20) | (20) | (20) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 549 | 549 | ZAR | 9331 | 9331 | 9331 | 14 | 14 | 14 | 14 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 4968 | 4968 | $ | $1563 | 1563 | 1563 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $118 | 118 | TWD | 3683 | 3683 | 3683 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 03/2026  | 134267 | $4293 | 25 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 01/2026  | 1961 | 1428 | 2 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 4357 | 1354 | 0 | (14) |
|  | 01/2026  | 3715541 | 2538 | 0 | (39) |
|  | 01/2026  | 2775 | 1604 | 6 | 0 |
|  | 01/2026  | 102053 | 3347 | 98 | 0 |
|  | 01/2026  | $2544 | 8116 | 5 | 0 |
|  | 01/2026  | 9243 | 823101 | 0 | (107) |
|  | 01/2026  | 4862 | 7143646 | 92 | 0 |
|  | 01/2026  | 1358 | 22827 | 19 | 0 |
|  | 01/2026  | 596 | $34 | 0 | (2) |
|  | 02/2026  | 8114 | 2544 | 0 | (4) |
|  | 02/2026  | $159 | 4972 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 30626 | $19892 | 0 | (548) |
|  | 01/2026  | 130167 | 94607 | 0 | (246) |
|  | 01/2026  | 761 | 950 | 0 | (13) |
|  | 01/2026  | 25561 | 3632 | 0 | (36) |
|  | 01/2026  | 8743 | 5009 | 0 | (26) |
|  | 01/2026  | 18 | 14 | 0 | 0 |
|  | 01/2026  | $772 | 575 | 3 | 0 |
|  | 01/2026  | 1347 | 4318 | 9 | 0 |
|  | 01/2026  | 14873 | 276453 | 444 | 0 |
|  | 01/2026  | 6345 | 23315 | 149 | 0 |
|  | 01/2026  | 1392 | 23355 | 16 | 0 |
|  | 01/2026  | 413 | $24 | 0 | (1) |
|  | 02/2026  | 4317 | 1347 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 133 | 97 | 0 | 0 |
|  | 01/2026  | 2079 | 643 | 0 | (9) |
|  | 01/2026  | $1666 | 1336 | 22 | 0 |
|  | 01/2026  | 3820 | 26926 | 44 | 0 |
|  | 01/2026  | 4505 | 16450 | 77 | 0 |
|  | 01/2026  | 778 | 24769 | 9 | 0 |
|  | 01/2026  | 307 | $18 | 0 | (1) |
|  | 02/2026  | $39034 | 214092 | 0 | (259) |
|  | 02/2026  | 2777 | 51507 | 69 | 0 |
|  | 03/2026  | 231 | $42 | 0 | 0 |
|  | 03/2026  | $4143 | 22853 | 0 | (27) |
|  | 03/2026  | 2090 | 38767 | 51 | 0 |
|  | 04/2026  | 281900 | $49321 | 109 | (1175) |
|  | 04/2026  | $4521 | 83363 | 64 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 170239 | $123631 | 0 | (469) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 106407 | 15109 | 0 | (159) |
|  | 01/2026  | 28844 | 8863 | 0 | (194) |
|  | 01/2026  | 142337 | 1599 | 19 | 0 |
|  | 01/2026  | 613888 | 428 | 2 | 0 |
|  | 01/2026  | 1531 | 82 | 0 | (2) |
|  | 01/2026  | 5128 | 2975 | 22 | 0 |
|  | 01/2026  | 16076 | 4386 | 0 | (91) |
|  | 01/2026  | $4616 | 32426 | 37 | 0 |
|  | 01/2026  | 3726 | 331837 | 0 | (43) |
|  | 01/2026  | 5700 | 20958 | 138 | 0 |
|  | 02/2026  | 428 | 613083 | 0 | (3) |
|  | 02/2026  | 1943 | 36042 | 49 | 0 |
|  | 03/2026  | 2918 | 53499 | 34 | 0 |
|  | 04/2026  | 91000 | $15355 | 0 | (911) |
|  | 04/2026  | $1684 | 31034 | 23 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 158768 | $114280 | 2 | (1424) |
|  | 01/2026  | 1075 | 1353 | 0 | (5) |
|  | 01/2026  | 8909 | 10455 | 0 | (19) |
|  | 01/2026  | 2925 | 3929 | 0 | (13) |
|  | 01/2026  | 908313 | 5846 | 43 | 0 |
|  | 01/2026  | 3456 | 1997 | 7 | 0 |
|  | 01/2026  | 6664 | 1822 | 0 | (34) |
|  | 01/2026  | 57214 | 44095 | 0 | (444) |
|  | 01/2026  | $10530 | 14598 | 112 | 0 |
|  | 01/2026  | 2045 | 1753 | 16 | 0 |
|  | 01/2026  | 595 | 53898 | 3 | 0 |
|  | 01/2026  | 1310 | 4801 | 28 | 0 |
|  | 01/2026  | 13 | 430 | 0 | 0 |
|  | 01/2026  | 587 | 18538 | 3 | 0 |
|  | 02/2026  | 496803 | 77427496 | 0 | (1177) |
|  | 02/2026  | 1277 | 23634 | 30 | 0 |
|  | 03/2026  | 1217 | 22396 | 19 | 0 |
|  | 04/2026  | 1342 | 24779 | 20 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 829 | $600 | 0 | (4) |
|  | 01/2026  | 9 | 3 | 0 | 0 |
|  | 01/2026  | 6 | 2 | 0 | 0 |
|  | 01/2026  | $909 | 1250 | 2 | 0 |
|  | 01/2026  | 15 | 2351 | 0 | 0 |
|  | 02/2026  | 9627 | $2990 | 0 | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 9288 | 6745 | 0 | (25) |
|  | 01/2026  | 6090787 | 4162 | 0 | (62) |
|  | 01/2026  | $3264 | 4791739 | 59 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 01/2026  | 1673 | $1200 | 0 | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 01/2026  | 1000 | 732 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 5749 | 4183 | 0 | (8) |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | CHF | 763 | 763 |  |  | 953 | 953 | 953 | 953 |  | 0 | 0 |  |  | (12) | (12) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | CNH | 50966 | 50966 |  |  | 7233 | 7233 | 7233 | 7233 |  | 0 | 0 |  |  | (80) | (80) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | INR | 24569 | 24569 |  |  | 270 | 270 | 270 | 270 |  | 0 | 0 |  |  | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | JPY | 2644251 | 2644251 |  |  | 17000 | 17000 | 17000 | 17000 |  | 107 | 107 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | TWD | 103720 | 103720 |  |  | 3404 | 3404 | 3404 | 3404 |  | 102 | 102 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $ | 4159 | 4159 | CAD | CAD | 5798 | 5798 | 5798 | 5798 |  | 67 | 67 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  | 1015 | 1015 | EUR | EUR | 873 | 873 | 873 | 873 |  | 11 | 11 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  | 17 | 17 | IDR | IDR | 282836 | 282836 | 282836 | 282836 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  | 542 | 542 | INR | INR | 48941 | 48941 | 48941 | 48941 |  | 1 | 1 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 01/2026  | CAD | CAD | 1822 | 1822 | $ | $ | 1322 | 1322 | 1322 | 1322 |  | 0 | 0 |  |  | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | EUR | 173500 | 173500 |  |  | 200871 | 200871 | 200871 | 200871 |  | 0 | 0 |  |  | (3113) | (3113) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | JPY | 9507184 | 9507184 |  |  | 60788 | 60788 | 60788 | 60788 |  | 49 | 49 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $ | 19369 | 19369 | GBP | GBP | 14789 | 14789 | 14789 | 14789 |  | 566 | 566 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  | 492294 | 492294 | JPY | JPY | 76073250 | 76073250 | 76073250 | 76073250 |  | 0 | 0 |  |  | (6637) | (6637) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  |  | 1278 | 1278 | MXN | MXN | 23647 | 23647 | 23647 | 23647 |  | 29 | 29 |  |  | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $ | 0 | 0 | MXN | MXN | 8 | 8 | 8 | 8 |  | 0 | 0 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 01/2026  | 01/2026  | CAD | CAD | 815 | 815 | $ | $ | 595 | 595 | 595 | 595 |  | 2 | 2 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 01/2026  |  |  | 115823 | 115823 |  |  | 84674 | 84674 | 84674 | 84674 |  | 286 | 286 |  |  | (11) | (11) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | CHF | 3323 | 3323 |  |  | 4152 | 4152 | 4152 | 4152 |  | 0 | 0 |  |  | (47) | (47) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | PLN | 6662 | 6662 |  |  | 1826 | 1826 | 1826 | 1826 |  | 0 | 0 |  |  | (30) | (30) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $ | 3314 | 3314 | PLN | PLN | 11948 | 11948 | 11948 | 11948 |  | 14 | 14 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | ZAR | 584 | 584 | $ | $ | 34 | 34 | 34 | 34 |  | 0 | 0 |  |  | (2) | (2) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $ | 2621 | 2621 | MXN | MXN | 48559 | 48559 | 48559 | 48559 |  | 62 | 62 |  |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**5311** | **5311** | **5311** | **$** | $**(19286)** | **(19286)** | **(19286)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Initial<br>Index | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| GLM | GLM | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | 100.151 | 100.151 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 06/22/2035 | 31400 | 31400 | 31400 | (1428) | (1428) | $ | $(663) | (663) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BRC | BRC | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.440% | 2.440% | 2.440% | 2.440% | 01/25/2027 | 01/25/2027 | 12900 | 12900 | 12900 | (115) | (115) | $ | $(52) | (52) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.440 | 2.440 | 2.440 | 2.440 | 01/25/2027 | 01/25/2027 | 12900 | 12900 | 12900 | (115) | (115) |  | (71) | (71) |
| GLM | GLM | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.350 | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 | 34200 | 34200 | 34200 | (310) | (310) |  | (115) | (115) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.350 | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 | 34200 | 34200 | 34200 | (310) | (310) |  | (224) | (224) |
|  |  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.500 | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 | 86900 | 86900 | 86900 | (797) | (797) |  | (424) | (424) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.500 | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 | 86900 | 86900 | 86900 | (797) | (797) |  | (422) | (422) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2444) | (2444) | $ | $(1308) | (1308) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(3872)** | **(3872)** | **$** | $**(1971)** | **(1971)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(2)</sup> | Pay/Receive<sup>(2)</sup> | Pay/Receive<sup>(2)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | BACVWSAV Index « | BACVWSAV Index « | 301868 | &nbsp;&nbsp; -0.0055 | &nbsp;&nbsp; -0.0055 | Monthly | Monthly | 03/31/2026 | 03/31/2026 | 03/31/2026 | $53816 | $ | 0 | 0 | $364 | $364 | 364 | 364 | $0 |
|  | Receive | Receive | Receive | BCOMTR2 Index  | BCOMTR2 Index  | 1351922 | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 09/15/2026 | 09/15/2026 | 09/15/2026 | 278788 |  | 0 | 0 | 2773 | 2773 | 2773 | 2773 | 0 |
| &nbsp;&nbsp; BPS | Receive | Receive | Receive | BCOMF1NTC Index  | BCOMF1NTC Index  | 159133 | 0.12 | 0.12 | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 03/16/2026 | 20285 |  | 0 | 0 | (5) | 0 | 0 | 0 | (5) |
|  | Receive | Receive | Receive | BCOMF1TC Index  | BCOMF1TC Index  | 3714202 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 03/16/2026 | 438524 |  | 0 | 0 | 3948 | 3948 | 3948 | 3948 | 0 |
|  | Receive | Receive | Receive | BCOMTR Index  | BCOMTR Index  | 197559 | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 03/16/2026 | 53984 |  | 0 | 0 | 497 | 497 | 497 | 497 | 0 |
|  | Receive | Receive | Receive | BCOMTR1 Index  | BCOMTR1 Index  | 1055827 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 03/16/2026 | 109975 |  | 0 | 0 | 990 | 990 | 990 | 990 | 0 |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; CBK | Receive | CIXBSTR3 Index  | 529485 | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 05/15/2026 | 158281 | 0 | 1453 | 1453 | 0 |
| &nbsp;&nbsp; CIB | Receive | PIMCODB Index  | 648093 | &nbsp;&nbsp; 0 | Monthly | 06/15/2026 | 139335 | 0 | 916 | 916 | 0 |
| &nbsp;&nbsp; GST | Pay | BCOMTR Index  | 1451904 | &nbsp;&nbsp; 3.670% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 01/15/2026 | 396741 | 0 | (3654) | 0 | (3654) |
|  | Pay | SPGCINP Index  | 47036 | &nbsp;&nbsp; -0.07 | Monthly | 01/15/2026 | 11095 | 0 | (664) | 0 | (664) |
|  | Receive | BCOMF1NTC Index  | 12344 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 04/15/2026 | 4511 | 0 | (5) | 0 | (5) |
|  | Receive | BCOMF1TC Index  | 307379 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 04/15/2026 | 134463 | 0 | 1211 | 1211 | 0 |
|  | Receive | BCOMTR1 Index  | 374092 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 04/15/2026 | 114409 | 0 | 1053 | 1053 | 0 |
|  | Receive | BCOMTR2 Index  | 302690 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 04/15/2026 | 83966 | 0 | 726 | 726 | 0 |
|  | Receive | BCOMF1TC Index  | 705858 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 08/16/2032 | 308777 | 0 | 2780 | 2780 | 0 |
|  | Receive | BCOMTR Index  | 1709269 | &nbsp;&nbsp; 3.670% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 08/16/2032 | 467068 | 0 | 4302 | 4302 | 0 |
|  | Receive | BCOMTR1 Index  | 708060 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 08/16/2032 | 216547 | 0 | 1993 | 1993 | 0 |
|  | Receive | BCOMTR2 Index  | 572918 | &nbsp;&nbsp; 3.680% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 08/16/2032 | 158927 | 0 | 1443 | 1443 | 0 |
|  | Receive | CMDSKEWLS Index  | 124170 | 0.25 | Monthly | 08/16/2032 | 63956 | 0 | 1667 | 1667 | 0 |
| &nbsp;&nbsp; JPM | Pay | BCOMTR Index  | 196500 | &nbsp;&nbsp; 3.460% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 01/15/2026 | 53695 | 0 | (500) | 0 | (500) |
|  | Receive | JMABNIC5 Index  | 5678 | &nbsp;&nbsp; 0 | Monthly | 07/15/2026 | 1123 | 0 | 15 | 15 | 0 |
|  | Receive | BCOMTR Index  | 316990 | &nbsp;&nbsp; 3.670% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 08/17/2026 | 86619 | 0 | 798 | 798 | 0 |
|  | Receive | JMABNIC5 Index  | 619738 | &nbsp;&nbsp; 0 | Monthly | 08/17/2026 | 122780 | 0 | 1693 | 1693 | 0 |
| &nbsp;&nbsp; MAC | Receive | PIMCODB Index  | 523789 | &nbsp;&nbsp; 0 | Monthly | 08/17/2026 | 107811 | 0 | 765 | 765 | 0 |
| &nbsp;&nbsp; MEI | Receive | BCOMTR Index  | 285866 | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 09/15/2026 | 78115 | 0 | 720 | 720 | 0 |
|  | Receive | BCOMTR1 Index  | 655068 | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 09/15/2026 | 147317 | 0 | 1357 | 1357 | 0 |
| &nbsp;&nbsp; MYC | Receive | BCOMTR Index  | 74201 | &nbsp;&nbsp; 3.650% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 10/15/2026 | 20276 | 0 | 187 | 187 | 0 |
|  | Receive | BCOMTR1 Index  | 305679 | &nbsp;&nbsp; 3.690% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 10/15/2026 | 243291 | 0 | 2238 | 2238 | 0 |
| &nbsp;&nbsp; RBC | Receive | RBCAEC0T Index  | 1355021 | &nbsp;&nbsp; 3.640% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 01/15/2026 | 125710 | 0 | 1097 | 1097 | 0 |
|  | Receive | RBCAECR1 Index  | 743042 | &nbsp;&nbsp; 3.650% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 01/15/2026 | 97774 | 0 | 992 | 992 | 0 |
|  | Receive | RBCAECT0 Index  | 3202387 | &nbsp;&nbsp; 3.640% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 01/15/2026 | 291694 | 0 | 2546 | 2546 | 0 |
| &nbsp;&nbsp; SOG | Receive | BCOMTR Index  | 243851 | &nbsp;&nbsp; 3.640% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | 12/15/2026 | 66634 | 214 | 401 | 615 | 0 |

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------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Receive | BCOMF1TC Index  | BCOMF1TC Index  | 9107 | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.660% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 02/16/2027 | 02/16/2027 | 1000 |  | 0 |  | 14 | 14 | 14 |  | 0 |
| &nbsp;&nbsp; UAG | &nbsp;&nbsp; UAG | Receive | BCOMTR Index  | BCOMTR Index  | 36914 | &nbsp;&nbsp; 3.670% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.670% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 02/17/2026 | 02/17/2026 | 10087 |  | 0 |  | 93 | 93 | 93 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 214 | $ | 34204 | 34204 | 39246 | $ | (4828) |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(2)</sup> | Pay/Receive<sup>(2)</sup> | Underlying<br>Reference | # of Shares | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Receive | Receive | U.S. Treasury Inflation Protected Securities  | 0 | &nbsp;&nbsp; 3.880% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.880% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.880% (SOFR plus a specified spread) | Maturity | 01/14/2026 | 01/14/2026 | $625000 | 625000 | 0 | 0 | $(568) | (568) | $0 | 0 | $(568) |
| &nbsp;&nbsp; SOG | &nbsp;&nbsp; SOG | Receive | Receive | U.S. Treasury Inflation Protected Securities  | 0 | &nbsp;&nbsp; 3.850% (SOFR less a specified spread) | &nbsp;&nbsp; 3.850% (SOFR less a specified spread) | &nbsp;&nbsp; 3.850% (SOFR less a specified spread) | Maturity | 01/15/2026 | 01/15/2026 | 450000 | 450000 | 0 | 0 | (1374) | (1374) | 0 | 0 | (1374) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 0 | $ | (1942) | (1942) | 0 | $ | (1942) |
| **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<br>Volatility | Pay/Receive<br>Volatility | Reference Entity | Reference Entity | Volatility<br>Strike | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 4.368% | Maturity | Maturity | 10/18/2027 | 10/18/2027 | $ | 15400 | 15400 | 0 | 0 | $(23) | (23) | $0 | 0 | $(23) |
| &nbsp;&nbsp; DUB | &nbsp;&nbsp; DUB | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 6.126 | Maturity | Maturity | 01/19/2026 | 01/19/2026 |  | 4180 | 4180 | 0 | 0 | 71 | 71 | 71 | 71 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 5.905 | Maturity | Maturity | 01/19/2026 | 01/19/2026 |  | 8500 | 8500 | 0 | 0 | 127 | 127 | 127 | 127 | 0 |
|  |  | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 6.325 | Maturity | Maturity | 04/10/2026 | 04/10/2026 |  | 66938 | 66938 | 0 | 0 | 2118 | 2118 | 2118 | 2118 | 0 |
|  |  | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 3.285 | Maturity | Maturity | 09/16/2026 | 09/16/2026 |  | 20800 | 20800 | 0 | 0 | (214) | (214) | 0 | 0 | (214) |
|  |  | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 3.349 | Maturity | Maturity | 09/25/2026 | 09/25/2026 |  | 10340 | 10340 | 0 | 0 | (102) | (102) | 0 | 0 | (102) |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | 4.431 | Maturity | Maturity | 10/18/2027 | 10/18/2027 |  | 9530 | 9530 | 0 | 0 | (9) | (9) | 0 | 0 | (9) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | $1968 | 1968 | $2316 | 2316 | $(348) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **214** | **$** | **34230** | **34230** | **41562** | **$** | **(7118)** |
| **(l)** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $15,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| <sup>(3)</sup> | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $ | 0 | 0 | $ | 6696 | 6696 | $0 | 0 | 0 | $ | 6696 | 6696 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials |  | 0 | 0 |  | 19300 | 19300 | 0 | 0 | 0 |  | 19300 | 19300 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies |  | 0 | 0 |  | 599969 | 599969 | 0 | 0 | 0 |  | 599969 | 599969 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations |  | 0 | 0 |  | 3048872 | 3048872 | 0 | 0 | 0 |  | 3048872 | 3048872 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities |  | 0 | 0 |  | 34848 | 34848 | 37705 | 37705 | 37705 |  | 72553 | 72553 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other |  | 0 | 0 |  | 14125 | 14125 | 0 | 0 | 0 |  | 14125 | 14125 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other |  | 0 | 0 |  | 89903 | 89903 | 0 | 0 | 0 |  | 89903 | 89903 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential |  | 0 | 0 |  | 149 | 149 | 0 | 0 | 0 |  | 149 | 149 |  |
| Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other |  | 0 | 0 |  | 1935 | 1935 | 0 | 0 | 0 |  | 1935 | 1935 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral |  | 0 | 0 |  | 31585 | 31585 | 0 | 0 | 0 |  | 31585 | 31585 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS |  | 0 | 0 |  | 163190 | 163190 | 0 | 0 | 0 |  | 163190 | 163190 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues |  | 0 | 0 |  | 326052 | 326052 | 0 | 0 | 0 |  | 326052 | 326052 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance |  | 0 | 0 |  | 3881 | 3881 | 0 | 0 | 0 |  | 3881 | 3881 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds |  | 0 | 0 |  | 1091 | 1091 | 0 | 0 | 0 |  | 1091 | 1091 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements |  | 0 | 0 |  | 740685 | 740685 | 0 | 0 | 0 |  | 740685 | 740685 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills |  | 0 | 0 |  | 74140 | 74140 | 0 | 0 | 0 |  | 74140 | 74140 |  |
|  |  |  |  |  |  |  |  | $ | 0 | 0 | $ | 5156421 | 5156421 | $37705 | 37705 | 37705 | $ | 5194126 | 5194126 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $ | 1847 | 1847 | $ | 0 | 0 | $0 | 0 | 0 | $ | 1847 | 1847 |  |

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------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn Strategy Fund<sup>®</sup>(Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $1847 | 1847 | 1847 | 1847 | $5156421 | 5156421 | 5156421 | $37705 | 37705 | $ | $ | 5195973 | 5195973 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 7842 | 7842 | 7842 | 7842 | 3352 | 3352 | 3352 | 0 | 0 |  |  | 11194 | 11194 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 46509 | 46509 | 46509 | 364 | 364 |  |  | 46873 | 46873 |  |
|  |  |  |  |  |  |  | $7842 | 7842 | 7842 | 7842 | $49861 | 49861 | 49861 | $364 | 364 | $ | $ | 58067 | 58067 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (18502) | (18502) | (18502) | (18502) | (2196) | (2196) | (2196) | 0 | 0 |  |  | (20698) | (20698) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (28375) | (28375) | (28375) | 0 | 0 |  |  | (28375) | (28375) |  |
|  |  |  |  |  |  |  | $(18502) | (18502) | (18502) | (18502) | $(30571) | (30571) | (30571) | $0 | 0 | $ | $ | (49073) | (49073) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(10660) | (10660) | (10660) | (10660) | $19290 | 19290 | 19290 | $364 | 364 | $ | $ | 8994 | 8994 |  |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | $(8813) | (8813) | (8813) | (8813) | $5175711 | 5175711 | 5175711 | $38069 | 38069 | $ | $ | 5204967 | 5204967 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Non-Agency Mortgage-Backed Securities | $0 | $ | 36942 | $ | $0 | $ | 0 | $ | $0 | $ | 763 | $ | $0 | 0 | $0 | 0 | $ | 37705 | $ | $763 |
| Asset-Backed Securities – Other ABS | 1622 |  | 0 |  | (751) |  | 0 |  | 54 |  | 75 |  | 0 | 0 | (1000) | (1000) |  | 0 |  | 0 |
|  | $1622 | $ | 36942 | $ | $(751) | $ | 0 | $ | $54 | $ | 838 | $ | $0 | 0 | $(1000) | (1000) | $ | 37705 | $ | $763 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | $0 | $ | 14 | $ | $0 | $ | 0 | $ | $0 | $ | 350 | $ | $0 | 0 | $0 | 0 | $ | 364 | $ | $350 |
| Totals | $1622 | $ | 36956 | $ | $(751) | $ | 0 | $ | $54 | $ | 1188 | $ | $0 | 0 | $(1000) | (1000) | $ | 38069 | $ | $1113 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s)<br> (% Unless Noted Otherwise) | Input Value(s)<br> (% Unless Noted Otherwise) | Input Value(s)<br> (% Unless Noted Otherwise) | Input Value(s)<br> (% Unless Noted Otherwise) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $37705 | 37705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | 100.000  | 100.000  |  |

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | $364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 179.436  |
| Total | Total | $38069 |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 112.9% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 4.0%**  |  |  |
| **Altice France SA**<br>10.860% (TSFR3M + 6.875%) due 05/31/2031 ~ | $1669 | $1671 |
| **Bausch & Lomb Corp.**<br>7.966% (TSFR1M + 4.250%) due 01/15/2031 ~ | 1095 | 1107 |
| **BCP V Modular Services Holdings IV Ltd.**<br>6.444% - 7.831% (EUR003M + 4.425%) due 07/10/2031 ~ | 1000 | 1108 |
| **BDO USA PC**  |  |  |
| 8.273% (TSFR3M + 4.500%) due 08/31/2028 «~ | $96 | 95 |
| 8.865% (TSFR3M + 5.000%) due 08/31/2028 «~ | 1251 | 1254 |
| **INEOS U.S. Finance LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 02/18/2030 ~ | 2714 | 2209 |
| **Jane Street Group LLC**<br>5.822% - 9.234% (TSFR3M + 2.000%) due 12/15/2031 ~ | 4100 | 4086 |
| **Live Nation Entertainment, Inc.**<br>5.734% - 9.340% (TSFR1M + 2.000%) due 10/21/2032 ~ | 300 | 301 |
| **Newfold Digital Holdings Grp Inc.**<br>9.488% (TSFR3M + 5.750%) due 04/30/2029 ~ | 25 | 23 |
| **QuidelOrtho Corp.**<br>7.716% (TSFR1M + 4.000%) due 08/20/2032 ~ | 1895 | 1897 |
| **TKO Worldwide Holdings LLC**<br>5.868% - 9.123% (TSFR3M + 2.000%) due 11/21/2031 ~ | 997 | 1003 |
| **TransDigm, Inc.**<br>TBD% due 01/19/2032 | 3491 | 3509 |
| **Vista Management Holding, Inc.**<br>7.735% (TSFR3M + 3.750%) due 04/01/2031 ~ | 1832 | 1852 |
| Total Loan Participations and Assignments (Cost $20,323) |  | 20115 |
| **CORPORATE BONDS & NOTES 50.2%**  |  |  |
| **BANKING & FINANCE 15.9%**  |  |  |
| **Allstate Corp.** <br>7.051% (TSFR3M + 3.200%) due 08/15/2053 ~ | 300 | 301 |
| **Ally Financial, Inc.** <br>4.750% due 06/09/2027 | 1500 | 1514 |
| **Antares Holdings LP** <br>3.750% due 07/15/2027 | 250 | 245 |
| **Assured Guaranty U.S. Holdings, Inc.** <br>6.125% due 09/15/2028 | 200 | 210 |
| **Asurion LLC & Asurion Co-Issuer, Inc.** <br>8.000% due 12/31/2032 | 500 | 519 |
| **Athene Global Funding**  |  |  |
| 5.322% due 11/13/2031  | 600 | 609 |
| 5.583% due 01/09/2029  | 400 | 411 |
| **Aviation Capital Group LLC**  |  |  |
| 1.950% due 09/20/2026  | 100 | 98 |
| 3.500% due 11/01/2027  | 1986 | 1957 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>8.375% due 06/21/2028 •(d)(e) | 2000 | 2583 |
| **Bank of America Corp.** <br>4.948% due 07/22/2028 •  | $2900 | 2942 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico**  |  |  |
| 5.875% due 09/13/2034 •(e)  | 1900 | 1898 |
| 7.625% due 02/11/2035 •(e)  | 1900 | 2000 |
| **BGC Group, Inc.**  |  |  |
| 6.150% due 04/02/2030  | 200 | 207 |
| 6.600% due 06/10/2029  | 100 | 105 |
| **Canary Wharf Group Investment Holdings PLC** <br>1.750% due 04/07/2026 | 1000 | 1167 |
| **Citadel LP** <br>6.000% due 01/23/2030 | $100 | 105 |
| **Citadel Securities Global Holdings LLC** <br>6.200% due 06/18/2035 | 250 | 263 |
| **Citibank NA** <br>5.570% due 04/30/2034 | 250 | 265 |
| **Corebridge Global Funding** <br>4.900% due 01/07/2028 | 100 | 102 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 4000 | 3668 |
| **CPI Property Group SA**  |  |  |
| 4.000% due 01/22/2028 þ  | 1100 | 1418 |
| 6.000% due 01/27/2032  | 1600 | 1892 |

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------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Credit Agricole SA** <br>7.250% due 09/23/2028 •(d)(e) | 1900 | 2394 |
| **Deutsche Bank AG**  |  |  |
| 6.750% due 10/30/2034 •(d)(e)  | 200 | 240 |
| 10.000% due 12/01/2027 •(d)(e)  | 2000 | 2581 |
| **Diversified Healthcare Trust** <br>7.250% due 10/15/2030 | $300 | 307 |
| **EPR Properties**  |  |  |
| 4.500% due 06/01/2027  | 150 | 150 |
| 4.950% due 04/15/2028  | 200 | 202 |
| **Equinix Europe 2 Financing Corp. LLC** <br>5.500% due 06/15/2034 | 3100 | 3211 |
| **Equitable America Global Funding** <br>4.300% due 12/15/2028 | 1800 | 1808 |
| **Fairfax Financial Holdings Ltd.** <br>6.000% due 12/07/2033 | 50 | 53 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.389% due 01/08/2026  | 1800 | 1800 |
| 5.800% due 03/05/2027  | 250 | 253 |
| 5.850% due 05/17/2027  | 1000 | 1016 |
| **GA Global Funding Trust** <br>5.400% due 01/13/2030 | 150 | 154 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 5.750% due 11/01/2037  | 200 | 200 |
| 6.750% due 12/01/2033  | 2300 | 2510 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.375% due 07/01/2034 | 900 | 917 |
| **HAT Holdings I LLC/HAT Holdings II LLC**  |  |  |
| 3.375% due 06/15/2026  | 279 | 277 |
| 8.000% due 06/15/2027  | 270 | 281 |
| **Intesa Sanpaolo SpA**  |  |  |
| 6.625% due 06/20/2033  | 1700 | 1874 |
| 7.200% due 11/28/2033  | 1300 | 1485 |
| **ION Platform Finance SARL** <br>6.500% due 09/30/2030 | 1100 | 1254 |
| **JPMorgan Chase & Co.** <br>3.540% due 05/01/2028 •  | $6000 | 5968 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 9 | 1 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 17 | 0 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 28 | 1 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 34 | 1 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 51 | 1 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 47 | 1 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 11 | 0 |
| **Kilroy Realty LP** <br>3.050% due 02/15/2030 | 1000 | 931 |
| **Logicor Financing SARL** <br>1.625% due 07/15/2027 | 1011 | 1171 |
| **Mutual of Omaha Cos Global Funding** <br>5.800% due 07/27/2026 | $50 | 51 |
| **Nationwide Building Society** <br>5.750% due 06/20/2027 •(d)(e) | 1900 | 2562 |
| **New Immo Holding SA** <br>5.875% due 04/17/2028 | 2100 | 2558 |
| **Pacific Life Global Funding II** <br>4.496% (SOFRRATE + 0.600%) due 01/27/2028 ~ | $800 | 801 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 250 | 294 |
| **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.** <br>2.875% due 10/15/2026 | $1800 | 1775 |
| **Sammons Financial Group Global Funding** <br>4.800% due 12/12/2030 | 1100 | 1103 |
| **Santander Holdings USA, Inc.** <br>5.473% due 03/20/2029 •  | 100 | 102 |
| **Segro Capital SARL** <br>0.500% due 09/22/2031 | 650 | 654 |
| **Sixth Street Lending Partners** <br>6.125% due 07/15/2030 | $2700 | 2772 |
| **SLM Corp.** <br>3.125% due 11/02/2026 | 2400 | 2361 |
| **UBS Group AG**  |  |  |
| 4.151% due 12/23/2029 •  | 500 | 500 |
| 4.988% due 08/05/2033 •  | 1400 | 1422 |
| 9.250% due 11/13/2028 •(d)(e)  | 2000 | 2200 |
| **UniCredit SpA** <br>7.500% due 06/03/2026 •(d)(e) | 800 | 959 |
| **VICI Properties LP/VICI Note Co., Inc.** <br>3.875% due 02/15/2029 | $1600 | 1571 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Welltower OP LLC** <br>4.500% due 12/01/2034 | 1100 | 1407 |
| **Weyerhaeuser Co.**  |  |  |
| 4.000% due 04/15/2030  | $2000 | 1975 |
| 4.750% due 05/15/2026  | 200 | 201 |
|  |  | 80789 |
| **INDUSTRIALS 31.5%**  |  |  |
| **Algonquin Power & Utilities Corp.** <br>5.365% due 06/15/2026 þ | 400 | 402 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.200% due 12/15/2029  | 175 | 172 |
| 3.375% due 11/01/2028  | 142 | 140 |
| 3.575% due 07/15/2029  | 57 | 57 |
| 3.700% due 04/01/2028  | 88 | 88 |
| **American Builders & Contractors Supply Co., Inc.** <br>4.000% due 01/15/2028 | 1800 | 1789 |
| **Ashtead Capital, Inc.** <br>5.950% due 10/15/2033 | 200 | 212 |
| **BCP V Modular Services Finance II PLC**  |  |  |
| 4.750% due 11/30/2028  | 1200 | 1336 |
| 6.500% due 07/10/2031  | 800 | 881 |
| **Beacon Mobility Corp.** <br>7.250% due 08/01/2030 | $1500 | 1570 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 4732 | 5004 |
| **Block, Inc.**  |  |  |
| 3.500% due 06/01/2031  | 2600 | 2446 |
| 5.625% due 08/15/2030  | 650 | 664 |
| **BMW U.S. Capital LLC** <br>4.500% due 08/11/2030 | 100 | 101 |
| **Boeing Co.**  |  |  |
| 5.705% due 05/01/2040  | 300 | 307 |
| 6.528% due 05/01/2034  | 3200 | 3541 |
| **Booz Allen Hamilton, Inc.** <br>3.875% due 09/01/2028 | 3400 | 3339 |
| **Burberry Group PLC** <br>5.750% due 06/20/2030 | 1800 | 2483 |
| **BWX Technologies, Inc.** <br>4.125% due 04/15/2029 | $1600 | 1560 |
| **CAB SELAS** <br>3.375% due 02/01/2028 (i) | 2623 | 3004 |
| **Cameron LNG LLC** <br>2.902% due 07/15/2031 | $1500 | 1389 |
| **Canadian Pacific Railway Co.** <br>2.450% due 12/02/2031 | 2100 | 1890 |
| **Centene Corp.** <br>2.450% due 07/15/2028 | 2100 | 1968 |
| **CGI, Inc.** <br>1.450% due 09/14/2026 | 100 | 98 |
| **Chanel Ceres PLC** <br>1.000% due 07/31/2031 | 3100 | 3198 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital** <br>5.850% due 12/01/2035 | $150 | 150 |
| **Cheplapharm Arzneimittel GmbH**  |  |  |
| 7.125% due 06/15/2031  | 600 | 723 |
| 7.500% due 05/15/2030  | 850 | 1037 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | $3927 | 3772 |
| **CVS Health Corp.** <br>5.000% due 09/15/2032 | 2100 | 2144 |
| **Diamondback Energy, Inc.** <br>5.400% due 04/18/2034 | 2000 | 2049 |
| **DT Midstream, Inc.** <br>5.800% due 12/15/2034 | 125 | 130 |
| **EC Finance PLC** <br>3.250% due 10/15/2026 | 1837 | 2145 |
| **Energy Transfer LP** <br>5.000% due 05/15/2044 | $775 | 675 |
| **Eramet SA** <br>6.500% due 11/30/2029 | 500 | 585 |
| **Essent Group Ltd.** <br>6.250% due 07/01/2029 | $100 | 104 |
| **Expand Energy Corp.** <br>5.700% due 01/15/2035 | 100 | 104 |
| **FirstEnergy Pennsylvania Electric Co.** <br>5.150% due 03/30/2026 | 100 | 100 |
| **Flex Intermediate Holdco LLC** <br>4.317% due 12/30/2039 | 3000 | 2529 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 2200 | 2573 |
| **Flutter Treasury DAC** <br>6.125% due 06/04/2031 | 4950 | 6733 |
| **Gartner, Inc.**  |  |  |
| 3.625% due 06/15/2029  | $1223 | 1180 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.750% due 10/01/2030  | 3400 | 3226 |
| **goeasy Ltd.** <br>9.250% due 12/01/2028 | 3300 | 3396 |
| **Grifols SA** <br>7.500% due 05/01/2030 (g) | 500 | 619 |
| **Heathrow Funding Ltd.** <br>6.450% due 12/10/2033 | 100 | 145 |
| **Hilton Domestic Operating Co., Inc.** <br>5.750% due 09/15/2033 | $1100 | 1126 |
| **Hyundai Capital America** <br>5.500% due 03/30/2026 | 300 | 301 |
| **IHO Verwaltungs GmbH (7.750% Cash or 8.500% PIK)** <br>7.750% due 11/15/2030 (a) | 1000 | 1052 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | 1150 | 1125 |
| **International Distribution Services PLC** <br>7.375% due 09/14/2030 | 900 | 1306 |
| **Intralot Capital Luxembourg SA** <br>6.750% due 10/15/2031 | 2100 | 2462 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 | $1125 | 1134 |
| **JetBlue Pass-Through Trust** <br>4.000% due 05/15/2034 | 67 | 64 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.900% due 08/08/2029  | 3200 | 3126 |
| 6.000% due 06/14/2030  | 4300 | 4512 |
| **Leidos, Inc.** <br>2.300% due 02/15/2031 | 3800 | 3424 |
| **Live Nation Entertainment, Inc.**  |  |  |
| 3.750% due 01/15/2028  | 2400 | 2365 |
| 6.500% due 05/15/2027  | 800 | 808 |
| **Mars, Inc.** <br>4.800% due 03/01/2030 | 600 | 613 |
| **Marvell Technology, Inc.** <br>5.750% due 02/15/2029 | 70 | 73 |
| **MSCI, Inc.** <br>3.625% due 11/01/2031 | 3800 | 3569 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 04/30/2029 | 485 | 448 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 100 | 99 |
| **Noble Finance II LLC** <br>8.000% due 04/15/2030 | 1200 | 1247 |
| **Petroleos Mexicanos** <br>6.700% due 02/16/2032 | 400 | 399 |
| **PRA Health Sciences, Inc.** <br>2.875% due 07/15/2026 | 1000 | 992 |
| **Royal Caribbean Cruises Ltd.**  |  |  |
| 4.250% due 07/01/2026  | 1700 | 1700 |
| 5.375% due 01/15/2036  | 765 | 769 |
| 5.500% due 04/01/2028  | 1400 | 1426 |
| **Sealed Air Corp.** <br>1.573% due 10/15/2026 | 1300 | 1273 |
| **SEB SA** <br>3.625% due 06/24/2030 | 3900 | 4537 |
| **Silgan Holdings, Inc.** <br>1.400% due 04/01/2026 | $900 | 892 |
| **Spirit Airlines Pass-Through Trust** <br>4.100% due 10/01/2029 | 187 | 179 |
| **Teva Pharmaceutical Finance Netherlands III BV**  |  |  |
| 3.150% due 10/01/2026  | 707 | 700 |
| 8.125% due 09/15/2031  | 800 | 922 |
| **Teva Pharmaceutical Finance Netherlands IV BV** <br>5.750% due 12/01/2030 | 700 | 727 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 84 | 131 |
| **Ubisoft Entertainment SA** <br>0.878% due 11/24/2027 | 5000 | 5417 |
| **UCB SA**  |  |  |
| 4.250% due 03/20/2030  | 500 | 607 |
| 5.200% due 11/21/2029  | 900 | 1124 |
| **United Airlines Pass-Through Trust**  |  |  |
| 5.800% due 07/15/2037  | $560 | 587 |
| 5.875% due 04/15/2029  | 34 | 35 |
| **United Airlines, Inc.** <br>4.375% due 04/15/2026 | 1200 | 1199 |
| **United Rentals North America, Inc.** <br>3.875% due 11/15/2027 | 2600 | 2584 |
| **Vail Resorts, Inc.** <br>5.625% due 07/15/2030 | 600 | 612 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 1200 | 1249 |
| **Var Energi ASA** <br>8.000% due 11/15/2032 | 700 | 802 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 2000 | 1876 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.875% due 11/01/2033  | 1125 | 965 |
| 4.125% due 08/15/2031  | 1300 | 1184 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.500% due 01/15/2034  | 200 | 205 |
| 6.500% due 06/15/2034  | 1800 | 1840 |
| **Viking Cruises Ltd.** <br>5.875% due 10/15/2033 | 1100 | 1118 |
| **Viper Energy Partners LLC** <br>4.900% due 08/01/2030 | 100 | 101 |
| **Virgin Media Secured Finance PLC** <br>4.250% due 01/15/2030 | 1200 | 1490 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 5.625% due 04/15/2032  | 3600 | 4268 |
| 7.750% due 04/15/2032  | $900 | 939 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 2300 | 2301 |
| **Volkswagen Group of America Finance LLC** <br>5.050% due 03/27/2028 | 400 | 406 |
| **VZ Secured Financing BV** <br>7.500% due 01/15/2033 | 2500 | 2535 |
| **WMG Acquisition Corp.** <br>3.750% due 12/01/2029 | 1500 | 1445 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 2000 | 2009 |
| **Yorkshire Water Finance PLC** <br>6.375% due 11/18/2034 | 2300 | 3210 |
| **ZF North America Capital, Inc.** <br>7.500% due 03/24/2031 | $4300 | 4349 |
|  |  | 159716 |
| **UTILITIES 2.8%**  |  |  |
| **Anglian Water Services Financing PLC** <br>2.750% due 10/26/2029 | 1000 | 1258 |
| **CMS Energy Corp.** <br>2.950% due 02/15/2027 | $100 | 99 |
| **Edison International**  |  |  |
| 6.250% due 03/15/2030  | 300 | 314 |
| 6.950% due 11/15/2029  | 100 | 107 |
| **FirstEnergy Corp.** <br>2.250% due 09/01/2030 | 1700 | 1540 |
| **Gazprom PJSC via Gaz Finance PLC** <br>2.950% due 01/27/2029 | 1500 | 1088 |
| **ONEOK, Inc.** <br>5.550% due 11/01/2026 | 1500 | 1517 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 400 | 360 |
| 3.300% due 12/01/2027  | 200 | 197 |
| 3.950% due 12/01/2047  | 1200 | 897 |
| 4.550% due 07/01/2030  | 400 | 398 |
| **Petrobras Global Finance BV** <br>5.125% due 09/10/2030 | 1100 | 1079 |
| **Southern California Edison Co.** <br>1.200% due 02/01/2026 | 1100 | 1096 |
| **SW Finance I PLC** <br>2.375% due 05/28/2028 | 1900 | 2396 |
| **Veon Midco BV** <br>3.375% due 11/25/2027 | $300 | 285 |
| **Vistra Operations Co. LLC** <br>6.950% due 10/15/2033 | 1307 | 1460 |
|  |  | 14091 |
| Total Corporate Bonds & Notes (Cost $249,533) |  | 254596 |
| **CONVERTIBLE BONDS & NOTES 0.5%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (c)  | 10 | 0 |
| 0.000% due 12/31/2027 (c)  | 12 | 0 |
| 0.000% due 12/31/2028 (c)  | 20 | 0 |
| 0.000% due 12/31/2029 (c)  | 20 | 0 |
| 0.000% due 12/31/2030 (c)  | 25 | 0 |
| 0.000% due 12/31/2031 (c)  | 25 | 0 |
| 0.000% due 12/31/2032 (c)  | 46 | 1 |
|  |  | 1 |
| **INDUSTRIALS 0.5%**  |  |  |
| **ams-OSRAM AG** <br>2.125% due 11/03/2027 | 2200 | 2466 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Convertible Bonds & Notes (Cost $2,357) |  | 2467 |
| **U.S. GOVERNMENT AGENCIES 15.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 05/01/2052 | $162 | 144 |
| 4.000% due 11/01/2053 | 947 | 900 |
| 4.500% due 07/01/2052 - 12/01/2052 | 6640 | 6510 |
| 5.000% due 02/01/2053 - 01/01/2055 | 2162 | 2170 |
| **Federal Home Loan Mortgage Corp. Military Housing Bonds Resecuritization Trust Certificates**<br>5.992% due 11/25/2055 «~ | 348 | 227 |
| **Federal National Mortgage Association**  |  |  |
| 4.500% due 07/01/2052 - 01/01/2053 | 5977 | 5863 |
| 5.000% due 08/01/2052 - 02/01/2055 | 2744 | 2762 |
| **Government National Mortgage Association, TBA**<br>6.000% due 01/01/2056 | 700 | 713 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 9000 | 7956 |
| 4.000% due 02/01/2056 | 8400 | 7964 |
| 4.500% due 02/01/2056 | 8100 | 7901 |
| 5.000% due 02/01/2056 | 19600 | 19529 |
| 6.000% due 03/01/2056 | 7700 | 7903 |
| 6.500% due 02/01/2056 | 7500 | 7796 |
| Total U.S. Government Agencies (Cost $77,306) |  | 78338 |
| **U.S. TREASURY OBLIGATIONS 4.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 | 505 | 510 |
| **U.S. Treasury Notes**  |  |  |
| 3.625% due 10/31/2030 (k)(m) | 7800 | 7768 |
| 4.125% due 10/31/2029 (k)(m) | 9900 | 10071 |
| 4.250% due 08/15/2035 (k)(m) | 3335 | 3360 |
| Total U.S. Treasury Obligations (Cost $21,486) |  | 21709 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.0%**  |  |  |
| **American Home Mortgage Investment Trust** <br>5.880% due 11/25/2045 •  | 29 | 11 |
| **Banc of America Funding Trust**  |  |  |
| 4.495% due 09/20/2047 ~  | 259 | 225 |
| 7.000% due 10/25/2037  | 101 | 74 |
| **Banc of America Mortgage Trust** <br>3.980% due 10/25/2035 ~ | 313 | 252 |
| **BCAP LLC Trust**  |  |  |
| 4.286% due 05/25/2047 •  | 87 | 81 |
| 6.000% due 07/26/2037 ~  | 63 | 59 |
| **Bear Stearns ALT-A Trust** <br>3.963% due 04/25/2037 ~ | 250 | 172 |
| **BX Commercial Mortgage Trust** <br>4.763% due 02/15/2039 •  | 74 | 74 |
| **Chase Mortgage Finance Trust** <br>5.215% due 09/25/2036 ~ | 43 | 38 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 3.953% due 09/25/2037 ~  | 55 | 50 |
| 5.750% due 07/25/2037  | 81 | 36 |
| 6.000% due 10/25/2034  | 3 | 3 |
| **CIM Trust** <br>5.000% due 05/25/2062 ~ | 558 | 558 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>6.000% due 11/25/2036 | 16 | 16 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.146% due 06/25/2035 •  | 224 | 141 |
| 4.226% due 07/25/2046 •  | 29 | 32 |
| 4.226% due 09/25/2046 •  | 190 | 188 |
| 4.228% due 09/20/2046 •  | 40 | 41 |
| 4.246% due 04/25/2035 •  | 209 | 160 |
| 4.466% due 11/25/2035 •  | 82 | 77 |
| 5.146% due 10/25/2035 •  | 117 | 80 |
| 5.750% due 07/25/2035  | 86 | 53 |
| 6.000% due 08/25/2036 •  | 200 | 111 |
| 6.000% due 05/25/2037  | 594 | 240 |
| **CSMC Mortgage-Backed Trust** <br>6.000% due 07/25/2036 | 574 | 251 |
| **CSMC Trust** <br>2.000% due 01/25/2060 | 569 | 506 |
| **CSMC Trust Capital Certificates** <br>4.042% due 12/29/2037 ~ | 3557 | 1770 |
| **DBGS Mortgage Trust** <br>5.410% due 10/15/2039 •  | 1000 | 1000 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 3.996% due 02/25/2047 •  | 1535 | 870 |
| 4.046% due 08/25/2037 •  | 4 | 3 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 4.572% due 08/25/2035 ~  | 48 | 40 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.000% due 05/25/2036  | 6 | 2 |
| **IndyMac IMJA Mortgage Loan Trust** <br>6.250% due 11/25/2037 | 254 | 96 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.944% due 11/25/2035 ~  | 204 | 193 |
| 4.346% due 02/25/2037 •  | 193 | 128 |
| 4.371% due 05/25/2037 ~  | 76 | 66 |
| **LUX** <br>6.441% due 08/15/2040 •  | 500 | 506 |
| **MASTR Adjustable Rate Mortgages Trust** <br>7.025% due 11/25/2034 ~ | 55 | 54 |
| **Merrill Lynch Alternative Note Asset Trust** <br>4.066% due 03/25/2037 •  | 1718 | 404 |
| **Morgan Stanley Mortgage Loan Trust** <br>3.240% due 11/25/2037 ~ | 232 | 161 |
| **PMT Loan Trust** <br>5.224% due 08/25/2056 •  | 224 | 224 |
| **RALI Trust**  |  |  |
| 3.893% due 12/26/2034 ~  | 214 | 70 |
| 4.196% due 08/25/2035 •  | 277 | 224 |
| 5.314% due 07/25/2035 ~  | 12 | 11 |
| **RFMSI Trust** <br>6.000% due 10/25/2036 | 11 | 9 |
| **VASA Trust** <br>4.765% due 07/15/2039 •  | 500 | 494 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.271% due 12/25/2036 ~  | 82 | 76 |
| 4.827% due 07/25/2047 •  | 49 | 43 |
| Total Non-Agency Mortgage-Backed Securities (Cost $12,434) |  | 9973 |
| **ASSET-BACKED SECURITIES 2.5%**  |  |  |
| **CMBS OTHER 0.1%**  |  |  |
| **AREIT Trust** <br>5.847% due 08/17/2041 •  | 211 | 211 |
| **HOME EQUITY OTHER 2.1%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.846% due 06/25/2037 •  | 249 | 214 |
| 4.896% due 03/25/2034 •  | 353 | 344 |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.671% due 12/25/2045 •  | 434 | 335 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>5.646% due 07/25/2034 •  | 88 | 100 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.166% due 12/25/2036 •  | 819 | 464 |
| **GSAMP Trust**  |  |  |
| 3.966% due 12/25/2036 •  | 371 | 184 |
| 4.306% due 12/25/2046 •  | 320 | 160 |
| **HSI Asset Securitization Corp. Trust** <br>4.626% due 11/25/2035 •  | 509 | 481 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.066% due 08/25/2036 •  | 451 | 159 |
| 4.146% due 08/25/2036 •  | 1021 | 361 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.976% due 01/25/2037 •  | 3081 | 1171 |
| 3.986% due 10/25/2036 •  | 588 | 259 |
| 3.996% due 10/25/2036 •  | 1485 | 780 |
| 3.996% due 12/25/2036 •  | 81 | 41 |
| 4.146% due 06/25/2036 •  | 129 | 115 |
| 4.306% due 09/25/2036 •  | 653 | 281 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.465% due 09/25/2046 þ | 955 | 308 |
| **New Century Home Equity Loan Trust** <br>6.846% due 01/25/2033 •  | 42 | 37 |
| **People's Financial Realty Mortgage Securities Trust** <br>3.986% due 09/25/2036 •  | 3341 | 804 |
| **Renaissance Home Equity Loan Trust** <br>5.879% due 06/25/2037 þ | 2099 | 518 |
| **Residential Asset Mortgage Products Trust** <br>4.077% due 12/25/2035 •  | 891 | 753 |
| **Residential Asset Securities Corporation Trust** <br>4.726% due 08/25/2034 •  | 109 | 110 |
| **SG Mortgage Securities Trust** <br>4.206% due 02/25/2036 •  | 946 | 470 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.971% due 01/25/2035 •  | 1024 | 923 |
| 5.226% due 04/25/2033 •  | 35 | 37 |
| 5.421% due 01/25/2035 •  | 1102 | 955 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.571% due 01/25/2035 •  | 979 | 423 |
|  |  | 10787 |
| **WHOLE LOAN COLLATERAL 0.3%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.196% due 12/25/2035 •  | 225 | 106 |
| **Lehman XS Trust** <br>4.156% due 03/25/2037 •  | 485 | 456 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.346% due 03/25/2036 •  | 1107 | 702 |
| 4.346% due 05/25/2036 •  | 670 | 362 |
|  |  | 1626 |
| Total Asset-Backed Securities (Cost $15,313) |  | 12624 |
| **SOVEREIGN ISSUES 16.4%**  |  |  |
| **Australia Government Bonds** <br>1.000% due 11/21/2031 | 900 | 496 |
| **Bonos de la Tesoreria de la Republica en pesos** <br>6.000% due 04/01/2033 | 3695000 | 4266 |
| **Brazil Notas do Tesouro Nacional** <br>6.000% due 08/15/2060 | 2289 | 359 |
| **Colombia Government International Bonds**  |  |  |
| 4.500% due 11/26/2030  | 100 | 116 |
| 5.750% due 11/26/2034  | 100 | 114 |
| 6.500% due 11/26/2038  | 200 | 228 |
| **Colombia TES**  |  |  |
| 11.000% due 08/22/2029  | 11584700 | 2899 |
| 11.750% due 01/24/2035  | 11022900 | 2718 |
| 12.750% due 11/28/2040  | 7681700 | 1994 |
| 13.250% due 02/09/2033  | 10112800 | 2713 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $5100 | 5201 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 78000 | 363 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.400% due 03/20/2055  | 10000 | 52 |
| 3.200% due 09/20/2055  | 60000 | 371 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.000% due 12/20/2044  | 190000 | 1056 |
| 2.400% due 03/20/2045  | 103600 | 612 |
| **Mexico Bonos** <br>8.500% due 02/28/2030 | 126000 | 7021 |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 3500 | 1188 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 5900 | 1752 |
| 6.150% due 08/12/2032  | 1109 | 356 |
| 6.950% due 08/12/2031  | 1673 | 553 |
| **Republic of Poland Government Bonds** <br>5.000% due 10/25/2034 | 13100 | 3643 |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.250% due 03/31/2032  | 85500 | 5297 |
| 8.500% due 01/31/2037  | 12000 | 720 |
| 8.875% due 02/28/2035  | 58820 | 3707 |
| **Republic of South Africa Government International Bonds** <br>7.100% due 11/19/2036 | $400 | 430 |
| **Romania Government International Bonds** <br>5.250% due 03/10/2030 | 400 | 492 |
| **U.K. Gilts**  |  |  |
| 4.375% due 03/07/2030  | 16000 | 21941 |
| 4.375% due 07/31/2054  | 10603 | 12546 |
| Total Sovereign Issues (Cost $80,751) |  | 83204 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **SES SA «(b)** | 937 | 14 |
| **REAL ESTATE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (b)** | 645103 | 8 |
| Total Common Stocks (Cost $0) |  | 22 |
| **WARRANTS 0.0%**  |  |  |
| **ENERGY 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 «(g)** | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Warrants (Cost $0) |  | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 17.5%**  |  |  |
| **COMMERCIAL PAPER 0.5%**  |  |  |
| **Edison International** <br>4.550% due 01/05/2026 | $300 | 300 |
| **Oracle Corp.** <br>4.220% due 01/16/2026 | 800 | 798 |
| **VW Credit, Inc.** <br>4.220% due 01/13/2026 | 1500 | 1498 |
|  |  | 2596 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (f) | 1135938 | 1136 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (h) 16.8%** |  | 85302 |
| Total Short-Term Instruments (Cost $89,036) |  | 89034 |
| Total Investments in Securities (Cost $568,539) |  | 572082 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 6.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 6.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 3119357 | 30386 |
| Total Short-Term Instruments (Cost $30,367) |  | 30386 |
| Total Investments in Affiliates (Cost $30,367) |  | 30386 |
| Total Investments 118.9% (Cost $598,906) |  | $602468 |
| **Financial Derivative Instruments (j)(l) (0.1)**%(Cost or Premiums, net $20,691) |  | (571) |
| Other Assets and Liabilities, net (18.8)% |  | (95226) |
| Net Assets 100.0% |  | $506671 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(e)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(g)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 |  | 06/10/2022 | 06/10/2022 | 06/10/2022 | 0 | 0 | 0 | $ | 0 | 0 | 0 | 0.00 | % |
| Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 |  | 08/20/2025 | 08/20/2025 | 08/20/2025 | 611 | 611 | 611 |  | 619 | 619 | 619 | 0.12 |  |
|  |  |  |  |  |  |  |  | $ | 611 | 611 | $ | $ | 619 | 619 | 0.12%  | 0.12%  | 0.12%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(h)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.390%  | 12/12/2025 | 03/04/2026 | $2173 | &nbsp;&nbsp; Meritage Homes Corp. 3.875% due 04/15/2029 | &nbsp;&nbsp; Meritage Homes Corp. 3.875% due 04/15/2029 | &nbsp;&nbsp; Meritage Homes Corp. 3.875% due 04/15/2029 | &nbsp;&nbsp; Meritage Homes Corp. 3.875% due 04/15/2029 | &nbsp;&nbsp; Meritage Homes Corp. 3.875% due 04/15/2029 | &nbsp;&nbsp; Meritage Homes Corp. 3.875% due 04/15/2029 | (2180) | (2180) | 2173 | 2173 | $ | $2177 | 2177 |
|  | 3.790  | 01/02/2026 | 01/05/2026 | 35200 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 3.500% due 11/30/2030 - 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 3.500% due 11/30/2030 - 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 3.500% due 11/30/2030 - 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 3.500% due 11/30/2030 - 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 3.500% due 11/30/2030 - 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 3.500% due 11/30/2030 - 02/15/2031 | (35902) | (35902) | 35200 | 35200 |  | 35200 | 35200 |
|  | 3.870  | 12/31/2025 | 01/02/2026 | 34700 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (35335) | (35335) | 34700 | 34700 |  | 34708 | 34708 |
| BRC | 3.380  | 12/12/2025 | 01/30/2026 | 2068 | &nbsp;&nbsp; Meritage Homes Corp. 5.650% due 03/15/2035 | &nbsp;&nbsp; Meritage Homes Corp. 5.650% due 03/15/2035 | &nbsp;&nbsp; Meritage Homes Corp. 5.650% due 03/15/2035 | &nbsp;&nbsp; Meritage Homes Corp. 5.650% due 03/15/2035 | &nbsp;&nbsp; Meritage Homes Corp. 5.650% due 03/15/2035 | &nbsp;&nbsp; Meritage Homes Corp. 5.650% due 03/15/2035 | (2078) | (2078) | 2068 | 2068 |  | 2072 | 2072 |
| JML | (0.500)  | 12/24/2025 | TBD<sup>(2)</sup> | 3041 | &nbsp;&nbsp; Lanxess AG 0.625% due 12/01/2029 | &nbsp;&nbsp; Lanxess AG 0.625% due 12/01/2029 | &nbsp;&nbsp; Lanxess AG 0.625% due 12/01/2029 | &nbsp;&nbsp; Lanxess AG 0.625% due 12/01/2029 | &nbsp;&nbsp; Lanxess AG 0.625% due 12/01/2029 | &nbsp;&nbsp; Lanxess AG 0.625% due 12/01/2029 | (3585) | (3585) | 3573 | 3573 |  | 3573 | 3573 |
| RDR | 3.400  | 12/12/2025 | 01/30/2026 | $1688 | &nbsp;&nbsp; General Motors Co. 6.800% due 10/01/2027 | &nbsp;&nbsp; General Motors Co. 6.800% due 10/01/2027 | &nbsp;&nbsp; General Motors Co. 6.800% due 10/01/2027 | &nbsp;&nbsp; General Motors Co. 6.800% due 10/01/2027 | &nbsp;&nbsp; General Motors Co. 6.800% due 10/01/2027 | &nbsp;&nbsp; General Motors Co. 6.800% due 10/01/2027 | (1693) | (1693) | 1688 | 1688 |  | 1691 | 1691 |
| FICC STR | 3.820 | 12/31/2025 | 01/02/2026 | 5900 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | (6018) | (6018) | 5900 | 5900 |  | 5901 | 5901 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  | **(86791)** | **(86791)** | **85302** | **85302** | **$** | $**85322** | **85322** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Settlement Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BRC | BRC | BRC | BRC | 1.650%  | 1.650%  | 09/17/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | EUR | (476) | (476) | (476) | (562) | (562) | (562) | (562) |
| JML | JML | JML | JML | 1.750  | 1.750  | 12/17/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (585) | (585) | (585) | (688) | (688) | (688) | (688) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | **(1250)** | **(1250)** | **(1250)** | **(1250)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales | Payable for<br>Short Sales |
| Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% | Corporate Bonds & Notes (1.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (1.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Motors Co.  | 6.800% | 10/01/2027 | $ | $1600 | 1600 | $ | (1677) | (1677) | $ | $(1694) | (1694) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanxess AG  | 0.625 | 12/01/2029 | EUR | 3400 | 3400 |  | (3521) | (3521) |  | (3586) | (3586) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | 3.875 | 04/15/2029 | $ | $2200 | 2200 |  | (2089) | (2089) |  | (2180) | (2180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp.  | 5.650 | 03/15/2035 |  | 2000 | 2000 |  | (1999) | (1999) |  | (2078) | (2078) |
| **Total Short Sales (1.9)%** | **Total Short Sales (1.9)%** | **Total Short Sales (1.9)%** | **Total Short Sales (1.9)%** | **Total Short Sales (1.9)%** | **Total Short Sales (1.9)%** | **Total Short Sales (1.9)%** |  |  |  |  |  | **$** | **(9286)** | **(9286)** | **$** | $**(9538)** | **(9538)** |
| **(i)** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $0 and cash of $0 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |

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<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7091) at a weighted average interest rate of 3.443%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | $6 | 6 | (1) | (1) | $ | (1) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 6 | 6 | (1) | (1) |  | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(2)** | **(2)** | **$** | **(1)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 21 | 21 | 3148 | 3148 | (9) | (9) | 0 | 0 | 0 | (6) |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 39 | 39 | 4803 | 4803 | (12) | (12) | 8 | 8 | 8 | (4) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 193 | 193 | 21096 | 21096 | 0 | 0 | 0 | 0 | 0 | (23) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 2 | 2 | 225 | 225 | 0 | 0 | 0 | 0 | 0 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 342 | 342 | 40356 | 40356 | (516) | (516) | 0 | 0 | 0 | (128) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 109 | 109 | 12537 | 12537 | 1 | 1 | 0 | 0 | 0 | (20) |
|  |  |  |  |  |  |  |  |  |  |  | (536) | $ | 8 | 8 | $ | (181) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 132 | 132 | (18019) | (18019) | 80 | 80 | 13 | 13 | 13 | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 76 | 76 | (9835) | (9835) | 6 | 6 | 30 | 30 | 30 | 0 |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 145 | 145 | (30274) | (30274) | (17) | (17) | 10 | 10 | 10 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 69 | $ | 53 | 53 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(467)** | **$** | **61** | **61** | **$** | **(181)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Air France-KLM  | Air France-KLM  | (5.000)% | 12/20/2029 | 1.287 | 1.287 | EUR | 1700 | 1700 | $(210) | (210) | (71) | (281) | (281) | $0 | 0 | $0 |
| Bath & Body Works, Inc.  | Bath & Body Works, Inc.  | (1.000) | 12/20/2030 | 2.072 | 2.072 | $ | $5300 | 5300 | 277 | 277 | (30) | 247 | 247 | 0 | 0 | 0 |
| Beazer Homes USA, Inc.  | Beazer Homes USA, Inc.  | (5.000) | 12/20/2029 | 2.995 | 2.995 |  | 3900 | 3900 | (364) | (364) | 83 | (281) | (281) | 0 | 0 | 0 |
| Beazer Homes USA, Inc.  | Beazer Homes USA, Inc.  | (5.000) | 12/20/2030 | 3.725 | 3.725 |  | 4800 | 4800 | (235) | (235) | (27) | (262) | (262) | 0 | 0 | 0 |
| Caesars Entertainment, Inc.  | Caesars Entertainment, Inc.  | (5.000) | 12/20/2030 | 2.766 | 2.766 |  | 7000 | 7000 | (641) | (641) | (39) | (680) | (680) | 0 | 0 | 0 |
| CCO Holdings LLC  | CCO Holdings LLC  | (5.000) | 12/20/2030 | 2.703 | 2.703 |  | 7700 | 7700 | (732) | (732) | (38) | (770) | (770) | 0 | 0 | 0 |
| Jaguar Land Rover Automotive  | Jaguar Land Rover Automotive  | (5.000) | 12/20/2029 | 1.975 | 1.975 | EUR | 2600 | 2600 | (322) | (322) | (23) | (345) | (345) | 0 | 0 | 0 |
| Lanxess  | Lanxess  | (1.000) | 12/20/2030 | 1.736 | 1.736 |  | 1300 | 1300 | 60 | 60 | (9) | 51 | 51 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Lennar Corp.  | Lennar Corp.  | (5.000) | (5.000) | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.655 |  |  | $ | $2000 | (375) |  | 51 |  | (324) | 0 |  | 0 |
| Macy's Retail Holdings LLC  | Macy's Retail Holdings LLC  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 1.548 |  |  |  | 2300 | 279 |  | (229) |  | 50 | 0 |  | 0 |
| Navient Corp.  | Navient Corp.  | (5.000) | (5.000) | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 2.827 |  |  |  | 7000 | (625) |  | (33) |  | (658) | 0 |  | 0 |
| Newell Brands, Inc.  | Newell Brands, Inc.  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 4.217 |  |  |  | 5900 | 791 |  | (23) |  | 768 | 0 |  | 0 |
| Olin Corp.  | Olin Corp.  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.920 |  |  |  | 5300 | 221 |  | (9) |  | 212 | 0 |  | 0 |
| Target Corp.  | Target Corp.  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 0.402 |  |  |  | 4300 | (88) |  | (20) |  | (108) | 0 |  | 0 |
| Whirlpool Corp.  | Whirlpool Corp.  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 2.084 |  |  |  | 6000 | 31 |  | 200 |  | 231 | 0 |  | 0 |
| Whirlpool Corp.  | Whirlpool Corp.  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 2.352 |  |  |  | 2200 | 116 |  | 1 |  | 117 | 0 |  | 0 |
| WPP Finance SA  | WPP Finance SA  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.151 |  |  | EUR | 1900 | 14 |  | 1 |  | 15 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1803) | (1803) | (215) | (215) | (2018) | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.352 | % | % | $ | $100 | (1) | $ | 2 | $ | 1 | 0 | $ | 0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.414 |  |  |  | 400 | (2) |  | 8 |  | 6 | 0 |  | 0 |
| Carnival Corp.  | Carnival Corp.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.039 |  |  |  | 6000 | (11) |  | 2 |  | (9) | 3 |  | 0 |
| Deutsche Bank  | Deutsche Bank  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.722 |  |  | EUR | 800 | 11 |  | 2 |  | 13 | 0 |  | 0 |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.252 |  |  | $ | $800 | 5 |  | (2) |  | 3 | 0 |  | 0 |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.552 |  |  |  | 1600 | 34 |  | (1) |  | 33 | 0 |  | 0 |
| Lloyds Banking Group PLC  | Lloyds Banking Group PLC  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.993 |  |  | EUR | 8500 | (9) |  | 16 |  | 7 | 3 |  | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 |  |  | $ | $400 | 2 |  | 0 |  | 2 | 0 |  | 0 |
| Stellantis NV  | Stellantis NV  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.395 |  |  | EUR | 4700 | 913 |  | 9 |  | 922 | 3 |  | 0 |
| T-Mobile USA, Inc.  | T-Mobile USA, Inc.  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.255 |  |  | $ | $100 | 17 |  | (6) |  | 11 | 0 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.425 |  |  |  | 200 | (1) |  | 4 |  | 3 | 0 |  | 0 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 3.346 |  |  | EUR | 800 | 50 |  | 18 |  | 68 | 4 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1008 | 1008 | 52 | 52 | 1060 | 13 | 13 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | (1.000)% | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | $ | $ | $94100 | 94100 | (732) | $ | (86) | $ | (818) | 0 | $ | 0 |
| iTraxx Crossover 44 5-Year Index  | iTraxx Crossover 44 5-Year Index  | iTraxx Crossover 44 5-Year Index  | (5.000) | (5.000) | (5.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | EUR | 89400 | 89400 | (11452) |  | (338) |  | (11790) | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12184) | $ | (424) | $ | (12608) | 0 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000% | 5.000% | 5.000% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | $ | $ | $600 | 600 | 39 | $ | 10 | $ | 49 | 0 | $ | 0 |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 161100 | 161100 | 12047 |  | 475 |  | 12522 | 0 |  | (67) |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 |  |  | 38400 | 38400 | 824 |  | 49 |  | 873 | 1 |  | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 435100 | 435100 | 9778 |  | 207 |  | 9985 | 6 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22688 | $ | 741 | $ | 23429 | 7 | $ | (67) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | 3.750% | Annual | 09/17/2030 | 09/17/2030 | GBP | GBP | 8700 | $(42) | (42) | $90 | 90 | 48 | $10 | 10 | $0 |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 09/17/2035 | 400 |  | (12) |  | 13 |  | 1 |  | 1 |  | 0 |
| Receive | Receive | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 09/17/2055 | 8660 |  | (77) |  | (22) |  | (99) |  | 0 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2027 | $188900 |  | 392 |  | 244 |  | 636 |  | 0 |  | (106) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 54500 |  | 816 |  | (1353) |  | (537) |  | 62 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 500 |  | (1) |  | (5) |  | (6) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 5300 |  | 76 |  | (9) |  | 67 |  | 8 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 121700 |  | 1935 |  | (313) |  | 1622 |  | 0 |  | (197) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 6162 |  | (6) |  | (55) |  | (61) |  | 11 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.901 | Annual | 02/15/2035 | 400 |  | 0 |  | (4) |  | (4) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 300 |  | (1) |  | (2) |  | (3) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 | 300 |  | (1) |  | (2) |  | (3) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 300 |  | (1) |  | (2) |  | (3) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 50500 |  | 3352 |  | (973) |  | 2379 |  | 113 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 400 |  | (1) |  | (5) |  | (6) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 600 |  | (2) |  | (5) |  | (7) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 250 |  | (1) |  | (1) |  | (2) |  | 1 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 1100 |  | 2 |  | 9 |  | 11 |  | 2 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 1100 |  | (1) |  | 7 |  | 6 |  | 2 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 1871 |  | 5 |  | 3 |  | 8 |  | 4 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 | 300 |  | (1) |  | 7 |  | 6 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.281 | Annual | 02/15/2040 | 13700 |  | 1305 |  | (75) |  | 1230 |  | 37 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 2200 |  | 57 |  | 68 |  | 125 |  | 6 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 11/15/2053 | 5700 |  | 119 |  | 81 |  | 200 |  | 19 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 11/15/2053 | 16140 |  | 28 |  | 249 |  | 277 |  | 56 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 36100 |  | 1776 |  | 778 |  | 2554 |  | 118 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 12.030 | Maturity | 01/04/2027 | 23400 |  | 0 |  | (115) |  | (115) |  | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | 37400 |  | 0 |  | (32) |  | (32) |  | 0 |  | (6) |
| Pay | Pay | 1-Year BRL-CDI | 13.300 | Maturity | 01/02/2029 | 14700 |  | 0 |  | 8 |  | 8 |  | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.359 | Maturity | 01/02/2029 | 18200 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.402 | Maturity | 01/02/2029 | 24300 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Receive | Receive | 3-Month PLN-WIBOR | 5.155 | Annual | 10/25/2034 | 12700 |  | (228) |  | (54) |  | (282) |  | 0 |  | (12) |
| Receive | Receive | 3-Month ZAR-JIBAR | 8.160 | Quarterly | 03/31/2032 | 83300 |  | (266) |  | (75) |  | (341) |  | 0 |  | (8) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2030 | 14300 |  | 117 |  | (162) |  | (45) |  | 0 |  | (7) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | 12/17/2035 | 5600 |  | (62) |  | (174) |  | (236) |  | 0 |  | (7) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 5.660 | Semi-Annual | 04/01/2033 | 3655800 |  | (152) |  | (32) |  | (184) |  | 0 |  | (1) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 | 47900 |  | (67) |  | (946) |  | (1013) |  | 0 |  | (66) |
| Receive | Receive | 6-Month EUR-EURIBOR | 0.000 | Annual | 03/17/2053 | 10 |  | 1 |  | 6 |  | 7 |  | 0 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 | 23040 |  | 167 |  | 1207 |  | 1374 |  | 77 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 8.267 | Lunar | 02/28/2030 | 125500 |  | (144) |  | (23) |  | (167) |  | 0 |  | (7) |
|  |  |  |  |  |  |  | $9082 | 9082 | $(1670) | (1670) | $7412 | 7412 | $535 | 535 | $(417) | (417) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**18791** | **18791** | $**(1516)** | **(1516)** | $**17275** | **17275** | $**555** | **555** | $**(484)** | **(484)** |
| **(k)** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $18,570 and cash of $15,413 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |

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<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 1299016 | $341 | 341 | $0 | $0 |
|  |  | 01/2026  | 3090 | 3626 | 3626 | 0 | (7) |
|  |  | 01/2026  | 913 | 10 | 10 | 0 | 0 |
|  |  | 01/2026  | $4448 | 6887 | 6887 | 149 | 0 |
|  |  | 01/2026  | 2224 | 1884 | 1884 | 0 | (9) |
|  |  | 01/2026  | 66 | 2070 | 2070 | 0 | 0 |
|  |  | 01/2026  | 251 | 4176 | 4176 | 1 | 0 |
|  |  | 02/2026  | 416182 | $109 | 109 | 1 | 0 |
|  |  | 02/2026  | 1019 | 320 | 320 | 0 | 0 |
|  |  | 03/2026  | 2210278 | 575 | 575 | 5 | 0 |
|  |  | 03/2026  | 3380 | 1003 | 1003 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 191 | 126 | 126 | 0 | (2) |
|  |  | 01/2026  | 41494 | 7541 | 7541 | 0 | (31) |
|  |  | 01/2026  | 119 | 151 | 151 | 1 | 0 |
|  |  | 01/2026  | 25 | 4 | 4 | 0 | 0 |
|  |  | 01/2026  | 240 | 325 | 325 | 1 | 0 |
|  |  | 01/2026  | 22900 | 148 | 148 | 2 | 0 |
|  |  | 01/2026  | $7640 | 41494 | 41494 | 0 | (68) |
|  |  | 01/2026  | 866 | 6045 | 6045 | 1 | 0 |
|  |  | 01/2026  | 5989 | 5099 | 5099 | 6 | 0 |
|  |  | 01/2026  | 140 | 12648 | 12648 | 0 | 0 |
|  |  | 01/2026  | 556 | 2003 | 2003 | 2 | 0 |
|  |  | 01/2026  | 1677 | 52814 | 52814 | 4 | 0 |
|  |  | 01/2026  | 533 | 8880 | 8880 | 3 | 0 |
|  |  | 01/2026  | 3535 | $211 | 211 | 0 | (2) |
|  |  | 02/2026  | $316 | 28500 | 28500 | 0 | 0 |
|  |  | 02/2026  | 1035 | 46250 | 46250 | 14 | 0 |
|  |  | 02/2026  | 795 | 24946 | 24946 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 452 | $141 | 141 | 0 | (1) |
|  |  | 01/2026  | $2294 | 1977 | 1977 | 30 | 0 |
|  |  | 01/2026  | 11837 | $683 | 683 | 0 | (30) |
|  |  | 02/2026  | 446 | 138 | 138 | 0 | (2) |
|  |  | 02/2026  | $646 | 29230 | 29230 | 19 | 0 |
|  |  | 03/2026  | 515 | 23533 | 23533 | 10 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 240193 | $1543 | 1543 | 9 | 0 |
|  |  | 01/2026  | 904 | 253 | 253 | 0 | (16) |
|  |  | 02/2026  | 1043120 | 272 | 272 | 1 | 0 |
|  |  | 02/2026  | 1425 | 408 | 408 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 156 | 104 | 104 | 0 | 0 |
|  |  | 01/2026  | 3877860 | 4200 | 4200 | 0 | (106) |
|  |  | 01/2026  | 7042714 | 1856 | 1856 | 10 | (2) |
|  |  | 01/2026  | 11100 | 12959 | 12959 | 2 | (93) |
|  |  | 01/2026  | 4613 | 2681 | 2681 | 24 | 0 |
|  |  | 01/2026  | 9855 | 7645 | 7645 | 0 | (27) |
|  |  | 01/2026  | $2579 | 3558 | 3558 | 15 | 0 |
|  |  | 01/2026  | 869 | 6065 | 6065 | 1 | 0 |
|  |  | 01/2026  | 355 | 1339258 | 1339258 | 0 | (1) |
|  |  | 01/2026  | 3367 | 12138 | 12138 | 14 | 0 |
|  |  | 01/2026  | 76 | 2395 | 2395 | 0 | 0 |
|  |  | 01/2026  | 87640 | $5177 | 5177 | 0 | (108) |
|  |  | 02/2026  | 1353640 | 355 | 355 | 4 | 0 |
|  |  | 02/2026  | 801 | 252 | 252 | 0 | 0 |
|  |  | 02/2026  | 838016 | 581 | 581 | 0 | 0 |
|  |  | 02/2026  | 2300 | 626 | 626 | 0 | (58) |
|  |  | 02/2026  | $19 | 607 | 607 | 0 | 0 |
|  |  | 03/2026  | 2746476 | $722 | 722 | 10 | 0 |
|  |  | 03/2026  | 4072 | 1164 | 1164 | 0 | (45) |
|  |  | 04/2026  | 957972 | 251 | 251 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | &nbsp;&nbsp;&nbsp;&nbsp; CIB | 01/2026  | $204 | 301035 | 301035 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 746 | $232 | 232 | 0 | (2) |
|  |  | 01/2026  | $428 | 1366 | 1366 | 1 | 0 |
|  |  | 01/2026  | 210 | 3528 | 3528 | 3 | 0 |
|  |  | 01/2026  | 11237 | $645 | 645 | 0 | (33) |

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<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 02/2026  | 1365 | 1365 |  | 428 | 428 |  | 0 | 0 | 0 |  | (1) |
|  |  | 02/2026  | $26 | 26 | TWD | 820 | 820 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 38360 | 38360 | $ | $50375 | 50375 |  | 0 | 0 | 0 |  | (1332) |
|  |  | 01/2026  | 1295 | 1295 |  | 380 | 380 |  | 0 | 0 | 0 |  | (5) |
|  |  | 01/2026  | $227 | 227 | ILS | 727 | 727 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 269 | 269 | PEN | 905 | 905 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 4066 | 4066 | ZAR | 68224 | 68224 |  | 48 | 48 | 48 |  | 0 |
|  |  | 01/2026  | 14628 | 14628 | $ | $851 | 851 |  | 0 | 0 | 0 |  | (31) |
|  |  | 02/2026  | 726 | 726 |  | 227 | 227 |  | 0 | 0 | 0 |  | (1) |
|  |  | 06/2026  | 910 | 910 |  | 269 | 269 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 38398 | 38398 |  | 6854 | 6854 |  | 0 | 0 | 0 |  | (153) |
|  |  | 01/2026  | 9 | 9 |  | 11 | 11 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 32218 | 32218 |  | 4578 | 4578 |  | 0 | 0 | 0 |  | (45) |
|  |  | 01/2026  | 61309 | 61309 |  | 16 | 16 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 178759 | 178759 |  | 5730 | 5730 |  | 34 | 34 | 34 |  | 0 |
|  |  | 01/2026  | $6978 | 6978 | BRL | 38398 | 38398 |  | 29 | 29 | 29 |  | 0 |
|  |  | 01/2026  | 1150 | 1150 | TRY | 51568 | 51568 |  | 49 | 49 | 49 |  | 0 |
|  |  | 01/2026  | 10877 | 10877 | $ | $631 | 631 |  | 0 | 0 | 0 |  | (25) |
|  |  | 02/2026  | $268 | 268 | BRL | 1482 | 1482 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 68 | 68 | $ | $12 | 12 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 110844 | 110844 |  | 29 | 29 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | $2265 | 2265 | BRL | 12552 | 12552 |  | 0 | 0 | 0 |  | (5) |
|  |  | 04/2026  | 6854 | 6854 |  | 39246 | 39246 |  | 161 | 161 | 161 |  | 0 |
|  |  | 04/2026  | 4262 | 4262 | MXN | 77661 | 77661 |  | 7 | 7 | 7 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 7166 | 7166 | $ | $1332 | 1332 |  | 24 | 24 | 24 |  | 0 |
|  |  | 01/2026  | 7025 | 7025 |  | 5113 | 5113 |  | 0 | 0 | 0 |  | (8) |
|  |  | 01/2026  | 6676 | 6676 |  | 2085 | 2085 |  | 0 | 0 | 0 |  | (11) |
|  |  | 01/2026  | 431 | 431 |  | 250 | 250 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | $1302 | 1302 | BRL | 7166 | 7166 |  | 5 | 5 | 5 |  | 0 |
|  |  | 01/2026  | 782 | 782 | CNH | 5495 | 5495 |  | 6 | 6 | 6 |  | 0 |
|  |  | 01/2026  | 625 | 625 | KRW | 896190 | 896190 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 3987 | 3987 | $ | $232 | 232 |  | 0 | 0 | 0 |  | (8) |
|  |  | 02/2026  | 895014 | 895014 |  | 625 | 625 |  | 4 | 4 | 4 |  | 0 |
|  |  | 03/2026  | 525640 | 525640 |  | 136 | 136 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 6941 | 6941 |  | 4628 | 4628 |  | 0 | 0 | 0 |  | (4) |
|  |  | 01/2026  | 3582 | 3582 |  | 2545 | 2545 |  | 0 | 0 | 0 |  | (66) |
|  |  | 01/2026  | 698 | 698 |  | 880 | 880 |  | 0 | 0 | 0 |  | (2) |
|  |  | 01/2026  | 434 | 434 |  | 504 | 504 |  | 0 | 0 | 0 |  | (7) |
|  |  | 01/2026  | 8577 | 8577 |  | 11453 | 11453 |  | 0 | 0 | 0 |  | (108) |
|  |  | 01/2026  | 135753 | 135753 |  | 874 | 874 |  | 7 | 7 | 7 |  | 0 |
|  |  | 01/2026  | 570 | 570 |  | 329 | 329 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | $6418 | 6418 | EUR | 5464 | 5464 |  | 6 | 6 | 6 |  | 0 |
|  |  | 01/2026  | 6866 | 6866 | GBP | 5147 | 5147 |  | 72 | 72 | 72 |  | 0 |
|  |  | 01/2026  | 909 | 909 | JPY | 141300 | 141300 |  | 0 | 0 | 0 |  | (6) |
|  |  | 01/2026  | 101 | 101 | TWD | 3193 | 3193 |  | 1 | 1 | 1 |  | 0 |
|  |  | 03/2026  | 158 | 158 | CLP | 144915 | 144915 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 130509 | 130509 | $ | $7209 | 7209 |  | 0 | 0 | 0 |  | (22) |
|  |  | 02/2026  | 1643 | 1643 |  | 510 | 510 |  | 0 | 0 | 0 |  | (6) |
|  |  | 04/2026  | $3272 | 3272 | MXN | 59606 | 59606 |  | 5 | 5 | 5 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 02/2026  | 764 | 764 | TRY | 34883 | 34883 |  | 19 | 19 | 19 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 25 | 25 | $ | $3 | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 3418 | 3418 |  | 3975 | 3975 |  | 0 | 0 | 0 |  | (43) |
|  |  | 01/2026  | 4550 | 4550 |  | 50 | 50 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 205023 | 205023 |  | 1319 | 1319 |  | 9 | 9 | 9 |  | 0 |
|  |  | 01/2026  | $7120 | 7120 | INR | 643946 | 643946 |  | 37 | 37 | 37 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 40233 | 40233 | $ | $46580 | 46580 |  | 0 | 0 | 0 |  | (722) |
|  |  | 01/2026  | 697007 | 697007 |  | 4457 | 4457 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | 1196725 | 1196725 |  | 816 | 816 |  | 0 | 0 | 0 |  | (14) |
|  |  | 03/2026  | 3 | 3 |  | 1 | 1 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 3924 | 3924 |  | 713 | 713 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 1436 | 1436 |  | 1679 | 1679 |  | 0 | 0 | 0 |  | (9) |
|  |  | 01/2026  | 13277 | 13277 |  | 3673 | 3673 |  | 0 | 0 | 0 |  | (25) |
|  |  | 01/2026  | $720 | 720 | BRL | 3924 | 3924 |  | 0 | 0 | 0 |  | (4) |
|  |  | 01/2026  | 451 | 451 | PLN | 1618 | 1618 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 20664 | 20664 | $ | $1188 | 1188 |  | 0 | 0 | 0 |  | (58) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**888** | **888** | **888** | **$** | $**(3389)** | **(3389)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1415.000 | 863 | 863 | 863 | $6 | 6 | $ | $5 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1410.000 | 3386 | 3386 | 3386 | 24 | 24 |  | 19 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1413.000 | 1651 | 1651 | 1651 | 11 | 11 |  | 10 |
| BPS | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1412.000 | 54 | 54 | 54 | 0 | 0 |  | 0 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1412.000 | 568 | 568 | 568 | 4 | 4 |  | 3 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**45** | **45** | **$** | $**37** |

---

------

<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BOA | BOA | BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1375.000 | 1375.000 | 1375.000 | 02/19/2026 | 02/19/2026 |  | 863 | $ | (2) | (2) | (2) | $(1) | (1) | (1) |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1375.000 | 1375.000 | 1375.000 | 02/27/2026 | 02/27/2026 |  | 5037 |  | (14) | (14) | (14) | (9) | (9) | (9) |
| BPS | BPS | BPS | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1372.000 | 1372.000 | 1372.000 | 02/24/2026 | 02/24/2026 |  | 54 |  | 0 | 0 | 0 | 0 | 0 | 0 |
| BRC | BRC | BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1372.000 | 1372.000 | 1372.000 | 02/24/2026 | 02/24/2026 |  | 568 |  | (1) | (1) | (1) | (1) | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (17) | (17) | (17) | $(11) | (11) | (11) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BPS | BPS | BPS | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.551% | 3.551% | 01/05/2026 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 700 | $ | (2) | (2) | (2) | $0 | 0 | 0 |
|  |  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.831 | 3.831 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 700 |  | (2) | (2) | (2) | (1) | (1) | (1) |
| GLM | GLM | GLM | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.548 | 3.548 | 01/02/2026 | 01/02/2026 | 01/02/2026 | 01/02/2026 |  | 600 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.848 | 3.848 | 01/02/2026 | 01/02/2026 | 01/02/2026 | 01/02/2026 |  | 600 |  | (1) | (1) | (1) | 0 | 0 | 0 |
| NGF | NGF | NGF | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 900 |  | (2) | (2) | (2) | 0 | 0 | 0 |
|  |  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 900 |  | (2) | (2) | (2) | (1) | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (10) | (10) | (10) | $(2) | (2) | (2) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  |  |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| GSC | GSC | GSC | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | $ | $ | $97.375 | 97.375 | 01/07/2026 | 01/07/2026 | 01/07/2026 |  |  | $ | 1900 | $ | (5) | (5) | (5) | $0 | 0 | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(32)** | **(32)** | **(32)** | $**(13)** | **(13)** | **(13)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| DUB | DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | % | % | $ | $ | $247 | 247 | $0 | 0 | $2 | 2 | $2 | 2 | 2 | $0 |
| GST | GST | Morgan Stanley  | Morgan Stanley  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.538 | 0.538 |  |  | 1700 | 1700 | 31 | 31 | 6 | 6 | 37 | 37 | 37 | 0 |
|  |  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.706 | 1.706 |  |  | 1900 | 1900 | (16) | (16) | 10 | 10 | 0 | 0 | 0 | (6) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $15 | 15 | $18 | 18 | $39 | 39 | 39 | $(6) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| BOA | BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | 5.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | EUR | 860 | 860 | 195 | 195 | 8 | $ | 203 | 203 | $ | 0 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 6900 | 6900 | 1587 | 1587 | 39 |  | 1626 | 1626 |  | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 100 | 100 | 23 | 23 | 0 |  | 23 | 23 |  | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 300 | 300 | 69 | 69 | 2 |  | 71 | 71 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $1874 | 1874 | $49 | 49 | $1923 | 1923 | 1923 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**1889** | **1889** | $**67** | **67** | $**1962** | **1962** | **1962** | $**(6)** |
| **(m)** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,494 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |

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<br> Schedule of Investments PIMCO Credit Opportunities Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | $18766 | $1349 | $20115 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 80495 | 294 | 80789 |
| Industrials | Industrials | 0 | 159716 | 0 | 159716 |
| Utilities | Utilities | 0 | 14091 | 0 | 14091 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 1 | 0 | 1 |
| Industrials | Industrials | 0 | 2466 | 0 | 2466 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 78111 | 227 | 78338 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 21709 | 0 | 21709 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 9973 | 0 | 9973 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| CMBS Other | CMBS Other | 0 | 211 | 0 | 211 |
| Home Equity Other | Home Equity Other | 0 | 10787 | 0 | 10787 |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 1626 | 0 | 1626 |
| Sovereign Issues | Sovereign Issues | 0 | 83204 | 0 | 83204 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | 0 | 0 | 14 | 14 |
| Real Estate | Real Estate | 0 | 8 | 0 | 8 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | Commercial Paper | 0 | 2596 | 0 | 2596 |
| Mutual Funds | Mutual Funds | 0 | 1136 | 0 | 1136 |
| Repurchase Agreements | Repurchase Agreements | 0 | 85302 | 0 | 85302 |
|  |  | $0 | $570198 | $1884 | $572082 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $30386 | $0 | $0 | $30386 |
| Total Investments | Total Investments | $30386 | $570198 | $1884 | $602468 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | $0 | $(9538) | $0 | $(9538) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 51 | 565 | 0 | 616 |
| Over the counter | Over the counter | 0 | 2885 | 2 | 2887 |
|  |  | $51 | $3450 | $2 | $3503 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (10) | (656) | 0 | (666) |
| Over the counter | Over the counter | 0 | (3408) | 0 | (3408) |
|  |  | $(10) | $(4064) | $0 | $(4074) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $41 | $(614) | $2 | $(571) |
| Totals | Totals | $30427 | $560046 | $1886 | $592359 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Diversified Income Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 108.4% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 5.8%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% - 8.066% due 10/21/2026 «~(k) | $647 | $647 |
| **Aligned Data Centers International LP**<br>7.223% due 12/18/2029 «~ | 7500 | 7554 |
| **Altice France SA**<br>10.860% (TSFR3M + 6.875%) due 05/31/2031 ~ | 4476 | 4481 |
| **Amentum Government Services Holdings LLC**<br>5.716% - 9.340% (TSFR1M + 2.000%) due 09/29/2031 ~ | 2313 | 2322 |
| **Bank of Industry Ltd.**<br>3.754% - 9.719% (EUR003M + 1.700%) due 08/23/2027 ~ | 6300 | 7383 |
| **BCPE Empire Holdings, Inc.**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 12/11/2030 ~ | $1936 | 1919 |
| **Castlelake LP**<br>2.950% due 05/12/2031 «~ | 5099 | 4873 |
| **Clover Holdings 2 LLC**  |  |  |
| TBD% - 10.448% due 12/10/2029 ~µ | 1374 | 1362 |
| 7.522% (TSFR1M + 3.750%) due 12/09/2031 ~ | 10348 | 10369 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.672% (TSFR3M + 6.000%) due 05/16/2029 «~ | 1127 | 1165 |
| **Cotiviti Corp.**<br>6.623% - 7.716% (TSFR1M + 2.750%) due 05/01/2031 ~ | 7240 | 6974 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/03/2031 ~µ | 1069 | 1088 |
| TBD% due 01/05/2032 µ | 3469 | 3478 |
| TBD% (TSFR1M + 4.500%) due 01/03/2031 ~ | 4831 | 4915 |
| **Envalior Finance GmbH**<br>9.340% (TSFR3M + 5.500%) due 04/01/2030 ~ | 973 | 909 |
| **Finastra USA, Inc.**<br>7.723% (TSFR3M + 4.000%) due 09/15/2032 ~ | 4500 | 4414 |
| **Fortress Intermediate 3, Inc.**<br>6.784% - 7.566% (TSFR1M + 3.000%) due 06/27/2031 ~ | 3564 | 3572 |
| **GFL Environmental, Inc.**<br>6.273% - 8.172% (TSFR3M + 2.500%) due 03/03/2032 ~ | 1621 | 1630 |
| **Global Medical Response, Inc.**<br>7.384% (TSFR3M + 3.500%) due 10/01/2032 ~ | 1000 | 1007 |
| **ION Platform Finance U.S., Inc.**<br>7.422% (TSFR3M + 3.750%) due 10/07/2032 ~ | 3000 | 2824 |
| **IRB Holding Corp.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 12/16/2030 ~ | 2635 | 2644 |
| **Ivanti Software, Inc.**  |  |  |
| TBD% (TSFR3M + 5.750%) due 06/01/2029 ~µ | 174 | 180 |
| TBD% (TSFR3M + 4.750%) due 06/01/2029 ~ | 1295 | 1083 |
| **Kaseya, Inc.**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 03/20/2032 ~ | 2090 | 2094 |
| **LifePoint Health, Inc.**<br>7.335% (TSFR1M + 3.500%) due 05/19/2031 ~ | 1153 | 1156 |
| **Medline Borrower LP**<br>5.466% - 9.485% (TSFR1M + 1.750%) due 10/23/2030 ~ | 1754 | 1763 |
| **Mercury Aggregator LP (19.000% PIK)**<br>19.000% due 04/03/2026 «~(c) | 64 | 3 |
| **Newfold Digital Holdings Grp Inc.**  |  |  |
| 7.384% (TSFR1M + 3.500%) due 04/30/2029 ~ | 4476 | 3619 |
| 9.488% (TSFR3M + 5.750%) due 04/30/2029 ~ | 292 | 276 |
| **Nouryon Finance BV**<br>5.515% - 9.360% (EUR003M + 3.500%) due 04/03/2028 ~ | 555 | 658 |
| **OCS Group Holdings Ltd.**<br>9.719% due 11/28/2031 ~ | 5100 | 6890 |
| **Olympus Water U.S. Holding Corp.**<br>6.672% - 7.690% (TSFR3M + 3.000%) due 06/20/2031 ~ | $2054 | 2039 |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 4200 | 4946 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(k) | $1000 | 1000 |
| **Polaris Newco LLC**<br>7.852% (TSFR3M + 3.750%) due 06/02/2028 ~ | 2238 | 2164 |
| **Project Alpha Investindustrial**<br>4.150% - 9.695% (EUR003M + 2.100%) due 02/27/2026 «~(k) | 567 | 666 |
| **Project Flash**<br>TBD% - 9.966% (TSFR1M + 2.250%) due 04/30/2030 «~µ | $6000 | 6000 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 1700 | 1715 |
| **Qnity Electronics, Inc.**<br>5.804% - 9.234% (TSFR6M + 2.000%) due 11/01/2032 ~ | 1500 | 1509 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **QualityTech LP**<br>7.284% (TSFR1M + 3.500%) due 10/30/2031 ~ | 3176 | 3186 |
| **QuidelOrtho Corp.**<br>7.716% (TSFR1M + 4.000%) due 08/20/2032 ~ | 3292 | 3294 |
| **Rockpoint Gas Storage Partners LP**  |  |  |
| 6.172% (TSFR3M + 2.500%) due 09/18/2031 ~ | 2817 | 2835 |
| **SOCAR Turkey Enerji AS**<br>5.535% - 9.360% (EUR006M + 3.450%) due 08/11/2026 «~ | 4000 | 4713 |
| **Spirit Airlines, Inc.**  |  |  |
| TBD% due 07/14/2026 | $95 | 95 |
| TBD% - 19.000% due 12/09/2034 ~ | 486 | 420 |
| TBD% (TSFR1M + 8.000%) due 07/14/2026 ~ | 45 | 45 |
| TBD% - 19.000% (TSFR1M + 8.000%) due 12/09/2034 ~ | 183 | 183 |
| **Standard Industries, Inc.**<br>5.484% - 9.485% (TSFR1M + 1.750%) due 09/22/2028 ~ | 831 | 835 |
| **Stepstone Group MidCo 2 GmbH**<br>6.599% - 7.723% (EUR006M + 4.500%) due 04/26/2032 ~ | 3700 | 4120 |
| **Stonepeak Nile Parent LLC**<br>6.162% - 8.445% (TSFR3M + 2.250%) due 04/09/2032 ~ | $2000 | 2003 |
| **Subcalidora 2**<br>7.769% (EUR003M + 5.750%) due 08/14/2029 «~ | 4000 | 4724 |
| **TransDigm, Inc.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 08/19/2032 ~ | $2195 | 2206 |
| **Transnet SOC Ltd.**<br>11.125% due 03/02/2028 «~ | 97857 | 5926 |
| **Turkiye Government International Bonds**<br>8.315% (EUR006M + 6.210%) due 04/27/2031 «~ | 4600 | 6034 |
| **U.S. Renal Care, Inc.**  |  |  |
| TBD% - 9.868% due 09/25/2030 «~µ | $1488 | 1473 |
| 8.831% (TSFR1M + 5.000%) due 06/28/2028 ~ | 1777 | 1678 |
| TBD% - 9.868% (TSFR3M + 6.000%) due 09/25/2030 «~ | 11900 | 11662 |
| **VEON Amsterdam BV**<br>8.206% (TSFR3M + 4.250%) due 03/25/2027 «~ | 2100 | 2100 |
| **Virgin Media Bristol LLC**<br>7.115% - 7.221% (TSFR1M + 3.250%) due 01/31/2029 ~ | 5630 | 5648 |
| **White Cap Buyer LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 10/19/2029 ~ | 1946 | 1956 |
| **X Corp.**  |  |  |
| 9.500% due 10/26/2029 ~ | 2500 | 2496 |
| 10.448% (TSFR3M + 6.500%) due 10/26/2029 ~ | 4751 | 4678 |
| Total Loan Participations and Assignments (Cost $181,876) |  | 185601 |
| **CORPORATE BONDS & NOTES 42.2%**  |  |  |
| **BANKING & FINANCE 12.9%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 250 | 258 |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>5.500% due 05/08/2034 | 3300 | 3492 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** <br>3.650% due 07/21/2027 | 3230 | 3211 |
| **Aircastle Ltd./Aircastle Ireland DAC** <br>5.000% due 09/15/2030 | 2000 | 2022 |
| **Alamo Re Ltd.** <br>15.460% (FHMMUSTF + 11.880%) due 06/08/2026 ~ | 700 | 731 |
| **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer** <br>6.500% due 10/01/2031 | 2900 | 2993 |
| **Ally Financial, Inc.** <br>8.000% due 11/01/2031 | 9366 | 10642 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 810 | 739 |
| **American Homes 4 Rent LP**  |  |  |
| 2.375% due 07/15/2031  | 100 | 89 |
| 3.375% due 07/15/2051  | 100 | 68 |
| 4.900% due 02/15/2029  | 1910 | 1944 |
| **American Tower Corp.**  |  |  |
| 2.100% due 06/15/2030  | 1200 | 1090 |
| 3.800% due 08/15/2029  | 1950 | 1921 |
| **AmWINS Group, Inc.** <br>4.875% due 06/30/2029 | 1100 | 1083 |
| **Antares Holdings LP** <br>2.750% due 01/15/2027 | 1050 | 1027 |
| **ARES Strategic Income Fund** <br>6.200% due 03/21/2032 | 2400 | 2463 |
| **Armor RE II Ltd.** <br>13.810% (BRMMUSDF + 10.200%) due 05/07/2031 ~ | 700 | 753 |
| **Arthur J Gallagher & Co.** <br>5.150% due 02/15/2035 | 1500 | 1517 |
| **Assured Guaranty U.S. Holdings, Inc.** <br>3.150% due 06/15/2031 | 1250 | 1181 |
| **Avilease Capital Ltd.** <br>4.750% due 11/12/2030 | 2800 | 2780 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | 1576 | 1529 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.950% due 10/15/2032  | 4100 | 4064 |
| **Banca Monte dei Paschi di Siena SpA**  |  |  |
| 7.708% due 01/18/2028 •  | 2400 | 3063 |
| 10.500% due 07/23/2029  | 2400 | 3450 |
| **Banco Santander SA** <br>5.565% due 01/17/2030 | $3400 | 3543 |
| **Bank of America Corp.**  |  |  |
| 2.687% due 04/22/2032 •  | 3000 | 2754 |
| 2.884% due 10/22/2030 •  | 2290 | 2180 |
| 3.705% due 04/24/2028 •  | 3700 | 3685 |
| 5.288% due 04/25/2034 •  | 1250 | 1287 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico** <br>5.250% due 09/10/2029 | 1000 | 1026 |
| **Blue Owl Finance LLC** <br>6.250% due 04/18/2034 | 1300 | 1341 |
| **BNP Paribas SA** <br>7.000% due 08/16/2028 •(h)(i) | 2000 | 2056 |
| **Boost Newco Borrower LLC** <br>7.500% due 01/15/2031 | 1500 | 1595 |
| **BPCE SA**  |  |  |
| 6.714% due 10/19/2029 •  | 2500 | 2653 |
| 7.003% due 10/19/2034 •  | 2500 | 2785 |
| **Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC** <br>5.750% due 05/15/2026 | 1037 | 1032 |
| **Burford Capital Global Finance LLC** <br>7.500% due 07/15/2033 | 3300 | 3153 |
| **CaixaBank SA** <br>6.840% due 09/13/2034 •  | 2500 | 2790 |
| **Capital One NA** <br>4.650% due 09/13/2028 | 1100 | 1116 |
| **CI Financial Corp.** <br>7.500% due 05/30/2029 | 2800 | 2980 |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | 1900 | 1793 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | 2200 | 2247 |
| **Citadel LP** <br>6.375% due 01/23/2032 | 2700 | 2867 |
| **Commerzbank AG** <br>8.625% due 02/28/2033 •  | 1100 | 1588 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | $1020 | 935 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 3800 | 1198 |
| 10.100% due 12/15/2043  | 31400 | 10160 |
| **Credit Opportunities Partners LLC** <br>6.520% due 03/20/2028 «(k) | $2700 | 2733 |
| **Credit Suisse AG AT1 Claim**  | 12750 | 3763 |
| **Crown Castle, Inc.** <br>2.250% due 01/15/2031 | 2050 | 1833 |
| **DAE Sukuk Difc Ltd.** <br>3.750% due 02/15/2026 | 7625 | 7611 |
| **Deloitte LLP**  |  |  |
| 5.250% due 01/30/2030 «(k)  | 2000 | 2041 |
| 5.410% due 01/30/2032 «(k)  | 2000 | 2045 |
| 5.590% due 01/30/2035 «(k)  | 2000 | 2037 |
| 5.690% due 01/30/2037 «(k)  | 500 | 507 |
| **Deutsche Bank AG**  |  |  |
| 3.729% due 01/14/2032 •  | 3000 | 2837 |
| 5.882% due 07/08/2031 •  | 2275 | 2364 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 2800 | 2520 |
| **Encore Capital Group, Inc.**  |  |  |
| 8.500% due 05/15/2030  | 1900 | 2045 |
| 9.250% due 04/01/2029  | 3000 | 3165 |
| **Equinix Europe 2 Financing Corp. LLC** <br>4.600% due 11/15/2030 | 6600 | 6621 |
| **Erste Group Bank AG** <br>7.000% due 04/15/2031 •(h)(i) | 2400 | 3043 |
| **Essex Portfolio LP**  |  |  |
| 1.650% due 01/15/2031  | $700 | 612 |
| 2.650% due 03/15/2032  | 690 | 616 |
| 2.650% due 09/01/2050  | 300 | 182 |
| **Extra Space Storage LP** <br>4.000% due 06/15/2029 | 150 | 149 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.900% due 02/16/2028  | 1600 | 1541 |
| 3.815% due 11/02/2027  | 800 | 788 |
| 4.542% due 08/01/2026  | 600 | 599 |
| 5.875% due 11/07/2029  | 5000 | 5135 |
| 7.350% due 11/04/2027  | 300 | 313 |
| **Freedom Mortgage Corp.** <br>6.625% due 01/15/2027 | 2500 | 2518 |
| **Freedom Mortgage Holdings LLC**  |  |  |
| 8.375% due 04/01/2032  | 1600 | 1686 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.250% due 02/01/2029  | 3400 | 3568 |
| **FS KKR Capital Corp.**  |  |  |
| 3.125% due 10/12/2028  | 2000 | 1846 |
| 6.125% due 01/15/2031  | 3600 | 3515 |
| **FTAI Aviation Investors LLC**  |  |  |
| 5.500% due 05/01/2028  | 6750 | 6771 |
| 7.000% due 05/01/2031  | 6400 | 6744 |
| **Gaci First Investment Co.** <br>5.125% due 02/14/2053 | 2700 | 2408 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 4.000% due 01/15/2030  | 100 | 98 |
| 5.750% due 06/01/2028  | 890 | 916 |
| 5.750% due 11/01/2037  | 6000 | 5989 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 5.016% due 10/23/2035 •  | 3800 | 3822 |
| 5.330% due 07/23/2035 •  | 4050 | 4163 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 1450 | 1436 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.375% due 07/01/2034 | 1400 | 1427 |
| **Handshake Re Ltd.** <br>4.160% (JMMMUSTF + 4.500%) due 01/08/2030 ~ | 250 | 250 |
| **Hanover Insurance Group, Inc.** <br>2.500% due 09/01/2030 | 820 | 747 |
| **Hardwood Funding LLC**  |  |  |
| 4.840% due 06/07/2028 «(k)  | 2400 | 2426 |
| 4.980% due 06/07/2030 «(k)  | 1500 | 1525 |
| **HAT Holdings I LLC/HAT Holdings II LLC**  |  |  |
| 3.375% due 06/15/2026  | 422 | 419 |
| 3.750% due 09/15/2030  | 2520 | 2336 |
| **Highwoods Realty LP** <br>3.050% due 02/15/2030 | 100 | 93 |
| **HPS Corporate Lending Fund** <br>5.950% due 04/14/2032 | 1700 | 1725 |
| **ICBC Standard Bank PLC** <br>20.000% due 12/13/2029 « | 37313000 | 3104 |
| **ING Groep NV** <br>5.750% due 11/16/2026 •(h)(i) | $2800 | 2815 |
| **Intesa Sanpaolo SpA** <br>6.625% due 06/20/2033 | 3300 | 3638 |
| **ION Platform Finance U.S., Inc.** <br>7.875% due 09/30/2032 | 2200 | 2090 |
| **ION Platform Finance U.S., Inc./ION Platform Finance SARL** <br>8.750% due 05/01/2029 | 3500 | 3549 |
| **Itau Unibanco Holding SA** <br>6.000% due 02/27/2030 | 6000 | 6229 |
| **JAB Holdings BV** <br>2.200% due 11/23/2030 | 335 | 299 |
| **Jane Street Group/JSG Finance, Inc.**  |  |  |
| 6.125% due 11/01/2032  | 2500 | 2546 |
| 6.750% due 05/01/2033  | 3100 | 3238 |
| 7.125% due 04/30/2031  | 5300 | 5572 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.509% due 01/23/2029 •  | 8000 | 7929 |
| 5.294% due 07/22/2035 •  | 3900 | 4025 |
| **KAF Kaerntner Ausgleichszahlungs-Fonds** <br>0.000% due 04/03/2049 « | 23238 | 1980 |
| **Kilroy Realty LP** <br>5.875% due 10/15/2035 | $2108 | 2119 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1200 | 1415 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>4.250% due 02/01/2027 | $1130 | 1123 |
| **Lazard Group LLC** <br>6.000% due 03/15/2031 | 1975 | 2094 |
| **Lehman Brothers Holdings, Inc.** <br>0.000% due 05/27/2049 ^(d) | 100 | 0 |
| **Lima Metro Line 2 Finance Ltd.** <br>5.875% due 07/05/2034 | 76 | 79 |
| **Midcap Financial Issuer Trust** <br>6.500% due 05/01/2028 | 850 | 849 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>2.048% due 07/17/2030 | 2000 | 1818 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 2.201% due 07/10/2031 •  | 2500 | 2278 |
| 2.869% due 09/13/2030 •  | 1000 | 951 |
| **Morgan Stanley**  |  |  |
| 5.173% due 01/16/2030 •  | 5000 | 5136 |
| 5.320% due 07/19/2035 •  | 5300 | 5458 |
| **National Health Investors, Inc.** <br>5.350% due 02/01/2033 | 3100 | 3097 |
| **NatWest Group PLC**  |  |  |
| 4.600% due 06/28/2031 •(h)(i)  | 1700 | 1582 |
| 5.125% due 05/12/2027 •(h)(i)  | 1700 | 2279 |
| **New Immo Holding SA**  |  |  |
| 3.250% due 07/23/2027  | 2400 | 2822 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.875% due 12/08/2028  | 2500 | 2984 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | $1500 | 1611 |
| **Nissan Motor Acceptance Co. LLC** <br>5.625% due 09/29/2028 | 4400 | 4415 |
| **Nomura Holdings, Inc.** <br>2.679% due 07/16/2030 | 2300 | 2129 |
| **Nordea Bank Abp** <br>6.625% due 03/26/2026 •(h)(i) | 1500 | 1518 |
| **OneMain Finance Corp.**  |  |  |
| 4.000% due 09/15/2030  | 550 | 518 |
| 5.375% due 11/15/2029  | 3149 | 3153 |
| 6.125% due 05/15/2030  | 1700 | 1737 |
| 6.625% due 01/15/2028  | 2720 | 2801 |
| 6.625% due 05/15/2029  | 3800 | 3941 |
| **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** <br>6.375% due 02/01/2027 | 1000 | 1004 |
| **Palm RE Ltd.** <br>13.330% (BNMMDTSC + 9.700%) due 06/09/2031 ~ | 250 | 265 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (g) | 7600 | 5869 |
| **Panther Escrow Issuer LLC** <br>7.125% due 06/01/2031 | 4600 | 4770 |
| **PennyMac Financial Services, Inc.**  |  |  |
| 4.250% due 02/15/2029  | 1850 | 1817 |
| 5.750% due 09/15/2031  | 2375 | 2395 |
| **PRIO Luxembourg Holding SARL** <br>6.750% due 10/15/2030 | 3200 | 3117 |
| **Purple Re Ltd.** <br>12.786% (JMMMUSTF + 9.126%) due 06/06/2031 ~ | 700 | 737 |
| **Rayonier LP** <br>2.750% due 05/17/2031 | 300 | 271 |
| **Rexford Industrial Realty LP** <br>2.125% due 12/01/2030 | 1860 | 1666 |
| **RHP Hotel Properties LP/RHP Finance Corp.** <br>4.500% due 02/15/2029 | 1275 | 1263 |
| **RLJ Lodging Trust LP** <br>3.750% due 07/01/2026 | 975 | 973 |
| **Rocket Cos., Inc.**  |  |  |
| 6.125% due 08/01/2030  | 1900 | 1965 |
| 7.125% due 02/01/2032  | 1850 | 1947 |
| **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.** <br>4.000% due 10/15/2033 | 2425 | 2255 |
| **Sabine Re Ltd.** <br>12.150% (BNMMDTSC + 8.520%) due 04/07/2031 ~ | 400 | 418 |
| **Samhallsbyggnadsbolaget I Norden Holding AB** <br>2.375% due 08/04/2026 | 1100 | 1278 |
| **Sammons Financial Group, Inc.**  |  |  |
| 3.350% due 04/16/2031  | $1025 | 951 |
| 6.875% due 04/15/2034  | 3000 | 3292 |
| **Santander Holdings USA, Inc.** <br>5.741% due 03/20/2031 •  | 2900 | 3005 |
| **Santander U.K. Group Holdings PLC** <br>3.823% due 11/03/2028 •  | 2400 | 2385 |
| **SBA Communications Corp.** <br>3.875% due 02/15/2027 | 1000 | 993 |
| **Starwood Property Trust, Inc.**  |  |  |
| 5.250% due 10/15/2028  | 2300 | 2325 |
| 5.750% due 01/15/2031  | 3000 | 3036 |
| **Sunrise FinCo I BV** <br>4.875% due 07/15/2031 | 950 | 906 |
| **Synchrony Financial** <br>2.875% due 10/28/2031 | 1700 | 1528 |
| **Tesco Property Finance 2 PLC** <br>6.052% due 10/13/2039 | 6189 | 8642 |
| **Tesco Property Finance 4 PLC** <br>5.801% due 10/13/2040 | 183 | 249 |
| **Tesco Property Finance 6 PLC** <br>5.411% due 07/13/2044 | 85 | 112 |
| **Trust 2401**  |  |  |
| 6.390% due 01/15/2050  | $1392 | 1342 |
| 7.375% due 02/13/2034  | 1424 | 1581 |
| **Trust Fibra Uno**  |  |  |
| 6.390% due 01/15/2050  | 708 | 671 |
| 7.375% due 02/13/2034  | 576 | 631 |
| **UBS Group AG**  |  |  |
| 2.095% due 02/11/2032 •  | 700 | 621 |
| 3.091% due 05/14/2032 •  | 1525 | 1417 |
| 4.194% due 04/01/2031 •  | 2500 | 2477 |
| 5.428% due 02/08/2030 •  | 2000 | 2069 |
| 5.617% due 09/13/2030 •  | 1600 | 1672 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(k) | 4300 | 4619 |
| **VICI Properties LP/VICI Note Co., Inc.**  |  |  |
| 3.875% due 02/15/2029  | 3550 | 3486 |
| 4.125% due 08/15/2030  | 625 | 606 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.250% due 12/01/2026  | 2030 | 2030 |
| 5.750% due 02/01/2027  | 1030 | 1042 |
| **Wells Fargo & Co.**  |  |  |
| 2.393% due 06/02/2028 •  | 2900 | 2834 |
| 5.211% due 12/03/2035 •  | 5000 | 5110 |
| **Weyerhaeuser Co.**  |  |  |
| 6.950% due 10/01/2027  | 460 | 483 |
| 7.375% due 03/15/2032  | 508 | 579 |
|  |  | 418027 |
| **INDUSTRIALS 24.8%**  |  |  |
| **1011778 BC ULC/New Red Finance, Inc.**  |  |  |
| 4.000% due 10/15/2030  | 3400 | 3242 |
| 4.375% due 01/15/2028  | 4660 | 4647 |
| **1261229 BC Ltd.** <br>10.000% due 04/15/2032 | 1350 | 1405 |
| **Advance Auto Parts, Inc.** <br>7.000% due 08/01/2030 | 3500 | 3532 |
| **AEP Transmission Co. LLC** <br>5.150% due 04/01/2034 | 1000 | 1022 |
| **Air Canada Pass-Through Trust**  |  |  |
| 3.600% due 09/15/2028  | 395 | 390 |
| 5.250% due 10/01/2030  | 604 | 618 |
| **Aker BP ASA** <br>4.000% due 01/15/2031 | 1300 | 1257 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 961 | 967 |
| **Albion Financing 1 SARL/Aggreko Holdings, Inc.** <br>7.000% due 05/21/2030 | 3400 | 3562 |
| **Allegion U.S. Holding Co., Inc.** <br>3.550% due 10/01/2027 | 600 | 595 |
| **ALROSA Finance SA** <br>3.100% due 06/25/2027 ^«(d) | 5500 | 330 |
| **Altice France Lux 3/Altice Holdings 1** <br>10.000% due 01/15/2033 | 580 | 533 |
| **Altice France SA**  |  |  |
| 5.625% due 07/15/2032  | 616 | 691 |
| 6.875% due 07/15/2032  | $2022 | 1940 |
| 9.500% due 11/01/2029  | 808 | 835 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | 3315 | 3036 |
| 3.000% due 04/15/2030  | 100 | 97 |
| 3.150% due 08/15/2033  | 249 | 236 |
| 3.200% due 12/15/2029  | 1286 | 1259 |
| 3.350% due 04/15/2031  | 1188 | 1155 |
| 3.375% due 11/01/2028  | 1138 | 1124 |
| 3.575% due 07/15/2029  | 741 | 733 |
| 3.600% due 03/22/2029  | 550 | 545 |
| 3.600% due 04/15/2031  | 107 | 102 |
| 3.650% due 08/15/2030  | 355 | 349 |
| 3.700% due 04/01/2028  | 220 | 219 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** <br>5.500% due 04/20/2026 | 629 | 630 |
| **American Axle & Manufacturing, Inc.** <br>6.375% due 10/15/2032 | 2500 | 2547 |
| **American Builders & Contractors Supply Co., Inc.** <br>3.875% due 11/15/2029 | 1000 | 965 |
| **ams-OSRAM AG** <br>12.250% due 03/30/2029 | 3600 | 3842 |
| **AngloGold Ashanti Holdings PLC** <br>3.750% due 10/01/2030 | 400 | 384 |
| **Antofagasta PLC** <br>2.375% due 10/14/2030 | 800 | 726 |
| **Apache Corp.** <br>4.875% due 11/15/2027 | 870 | 858 |
| **Ashtead Capital, Inc.** <br>4.000% due 05/01/2028 | 700 | 693 |
| **ATS Corp.** <br>4.125% due 12/15/2028 | 650 | 637 |
| **Avantor Funding, Inc.**  |  |  |
| 3.875% due 11/01/2029  | 1825 | 1753 |
| 4.625% due 07/15/2028  | 2545 | 2533 |
| **Axalta Coating Systems LLC** <br>3.375% due 02/15/2029 | 1250 | 1207 |
| **Axon Enterprise, Inc.** <br>6.250% due 03/15/2033 | 2000 | 2089 |
| **Bausch & Lomb Corp.** <br>8.375% due 10/01/2028 | 1000 | 1045 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 2300 | 2303 |
| **Bayer U.S. Finance LLC** <br>6.375% due 11/21/2030 | 575 | 615 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 14390 | 15216 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Block Communications, Inc.** <br>4.875% due 03/01/2028 | 1600 | 1496 |
| **Block, Inc.**  |  |  |
| 2.750% due 06/01/2026  | 1325 | 1318 |
| 3.500% due 06/01/2031  | 1400 | 1317 |
| 5.625% due 08/15/2030  | 5400 | 5513 |
| **Boeing Co.**  |  |  |
| 3.250% due 02/01/2028  | 2390 | 2351 |
| 5.040% due 05/01/2027  | 600 | 606 |
| 5.150% due 05/01/2030  | 2835 | 2914 |
| 5.805% due 05/01/2050  | 1850 | 1822 |
| 5.930% due 05/01/2060  | 2570 | 2523 |
| 6.388% due 05/01/2031  | 1400 | 1520 |
| **Booz Allen Hamilton, Inc.** <br>3.875% due 09/01/2028 | 870 | 854 |
| **Boyne USA, Inc.** <br>4.750% due 05/15/2029 | 1000 | 987 |
| **Brightstar Lottery PLC/Brightstar Global Solutions Corp.** <br>5.750% due 01/15/2033 | 2100 | 2086 |
| **British Airways Pass-Through Trust** <br>2.900% due 09/15/2036 | 1018 | 933 |
| **Broadcom, Inc.**  |  |  |
| 2.600% due 02/15/2033  | 1000 | 882 |
| 3.137% due 11/15/2035  | 906 | 781 |
| 3.187% due 11/15/2036  | 1640 | 1391 |
| 3.419% due 04/15/2033  | 2380 | 2204 |
| 3.469% due 04/15/2034  | 5234 | 4774 |
| 4.300% due 11/15/2032  | 1590 | 1569 |
| **Builders FirstSource, Inc.**  |  |  |
| 4.250% due 02/01/2032  | 3200 | 3050 |
| 6.750% due 05/15/2035  | 2000 | 2094 |
| **Burberry Group PLC** <br>5.750% due 06/20/2030 | 3000 | 4139 |
| **BWX Technologies, Inc.** <br>4.125% due 06/30/2028 | $1770 | 1750 |
| **Cablevision Lightpath LLC** <br>3.875% due 09/15/2027 | 325 | 318 |
| **Cameron LNG LLC**  |  |  |
| 3.302% due 01/15/2035  | 300 | 263 |
| 3.402% due 01/15/2038  | 400 | 348 |
| **Canadian Natural Resources Ltd.** <br>5.400% due 12/15/2034 | 1100 | 1120 |
| **Carnival Corp.**  |  |  |
| 4.000% due 08/01/2028  | 6550 | 6457 |
| 5.125% due 05/01/2029  | 4000 | 4046 |
| **Carpenter Technology Corp.** <br>5.625% due 03/01/2034 | 1500 | 1525 |
| **Carvana Co.** <br>9.000% due 06/01/2030 | 3000 | 3148 |
| **CCO Holdings LLC/CCO Holdings Capital Corp.**  |  |  |
| 4.500% due 05/01/2032  | 1800 | 1617 |
| 5.125% due 05/01/2027  | 3000 | 2998 |
| 5.375% due 06/01/2029  | 1000 | 989 |
| **CDW LLC/CDW Finance Corp.** <br>3.569% due 12/01/2031 | 3500 | 3262 |
| **Cencora, Inc.** <br>3.625% due 05/22/2032 | 1850 | 2192 |
| **Centene Corp.**  |  |  |
| 2.500% due 03/01/2031  | $3000 | 2592 |
| 4.250% due 12/15/2027  | 2200 | 2188 |
| 4.625% due 12/15/2029  | 1900 | 1844 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 1500 | 1558 |
| **CF Industries, Inc.** <br>5.150% due 03/15/2034 | 2825 | 2839 |
| **Charles River Laboratories International, Inc.** <br>4.250% due 05/01/2028 | 420 | 417 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital**  |  |  |
| 3.500% due 06/01/2041  | 2200 | 1567 |
| 3.750% due 02/15/2028  | 1300 | 1282 |
| 3.850% due 04/01/2061  | 5425 | 3238 |
| 3.900% due 06/01/2052  | 1875 | 1212 |
| **Cheniere Corpus Christi Holdings LLC** <br>3.700% due 11/15/2029 | 1410 | 1378 |
| **Cheplapharm Arzneimittel GmbH** <br>4.375% due 01/15/2028 | 2000 | 2342 |
| **Chobani LLC/Chobani Finance Corp., Inc.** <br>4.625% due 11/15/2028 | $1900 | 1907 |
| **Choice Hotels International, Inc.** <br>3.700% due 12/01/2029 | 1850 | 1801 |
| **Chord Energy Corp.**  |  |  |
| 6.000% due 10/01/2030  | 1900 | 1931 |
| 6.750% due 03/15/2033  | 3200 | 3311 |
| **CHS/Community Health Systems, Inc.**  |  |  |
| 5.250% due 05/15/2030  | 1750 | 1647 |
| 6.000% due 01/15/2029  | 1000 | 1004 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.750% due 01/15/2034  | 1892 | 1990 |
| **Cirsa Finance International SARL**  |  |  |
| 4.875% due 10/15/2031  | 1100 | 1329 |
| 5.100% (EUR003M + 3.000%) due 10/15/2032 ~  | 1800 | 2136 |
| **Civitas Resources, Inc.** <br>9.625% due 06/15/2033 | $1700 | 1837 |
| **Clarivate Science Holdings Corp.** <br>3.875% due 07/01/2028 | 1725 | 1676 |
| **Cloud Software Group, Inc.** <br>6.625% due 08/15/2033 | 3400 | 3372 |
| **Clydesdale Acquisition Holdings, Inc.** <br>6.750% due 04/15/2032 | 3900 | 4013 |
| **CMA CGM SA** <br>5.000% due 01/15/2031 | 1400 | 1648 |
| **Cogent Communications Group LLC/Cogent Finance, Inc.** <br>6.500% due 07/01/2032 | $2700 | 2528 |
| **CommonSpirit Health** <br>4.975% due 09/01/2035 | 2500 | 2472 |
| **Continental Wind LLC** <br>6.000% due 02/28/2033 | 127 | 130 |
| **CoreWeave, Inc.** <br>9.000% due 02/01/2031 | 3500 | 3212 |
| **Coty, Inc.** <br>3.875% due 04/15/2026 | 277 | 326 |
| **CQP Holdco LP/BIP-V Chinook Holdco LLC** <br>5.500% due 06/15/2031 | $1200 | 1188 |
| **CVS Pass-Through Trust**  |  |  |
| 5.773% due 01/10/2033  | 186 | 190 |
| 5.926% due 01/10/2034  | 21 | 21 |
| 6.036% due 12/10/2028  | 33 | 33 |
| 6.943% due 01/10/2030  | 3788 | 3932 |
| 7.507% due 01/10/2032  | 3219 | 3417 |
| 8.353% due 07/10/2031  | 693 | 755 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 1950 | 2006 |
| **DCP Midstream Operating LP** <br>3.250% due 02/15/2032 | 2350 | 2162 |
| **Delta Air Lines, Inc./SkyMiles IP Ltd.** <br>4.750% due 10/20/2028 | 2705 | 2722 |
| **Diamondback Energy, Inc.** <br>5.550% due 04/01/2035 | 1000 | 1028 |
| **Directv Financing LLC/Directv Financing Co-Obligor, Inc.** <br>5.875% due 08/15/2027 | 1189 | 1197 |
| **DT Midstream, Inc.** <br>4.125% due 06/15/2029 | 1480 | 1461 |
| **EchoStar Corp.** <br>10.750% due 11/30/2029 | 1525 | 1688 |
| **Ecopetrol SA**  |  |  |
| 4.625% due 11/02/2031  | 300 | 269 |
| 7.375% due 09/18/2043  | 2130 | 1954 |
| **Efesto Bidco SpA Efesto U.S. LLC** <br>7.500% due 02/15/2032 | 3200 | 3240 |
| **Elanco Animal Health, Inc.** <br>6.650% due 08/28/2028 | 1260 | 1320 |
| **Empresa de los Ferrocarriles del Estado** <br>3.068% due 08/18/2050 | 1700 | 1095 |
| **Empresa de Transporte de Pasajeros Metro SA** <br>3.650% due 05/07/2030 | 1000 | 971 |
| **Energy Transfer LP**  |  |  |
| 3.750% due 05/15/2030  | 780 | 759 |
| 5.250% due 04/15/2029  | 200 | 206 |
| 6.000% due 02/01/2029  | 1125 | 1137 |
| 6.125% due 12/15/2045  | 2080 | 2044 |
| 6.500% due 02/01/2042  | 800 | 845 |
| **Eni SpA**  |  |  |
| 5.500% due 05/15/2034  | 3425 | 3531 |
| 5.750% due 05/19/2035  | 900 | 943 |
| **EQT Corp.** <br>6.500% due 07/01/2027 | 1930 | 1968 |
| **Esab Corp.** <br>6.250% due 04/15/2029 | 2000 | 2059 |
| **Expand Energy Corp.**  |  |  |
| 4.750% due 02/01/2032  | 6800 | 6710 |
| 5.375% due 02/01/2029  | 660 | 660 |
| **Fair Isaac Corp.** <br>4.000% due 06/15/2028 | 2095 | 2074 |
| **Ferguson Finance PLC** <br>3.250% due 06/02/2030 | 600 | 574 |
| **First Student Bidco, Inc./First Transit Parent, Inc.** <br>4.000% due 07/31/2029 | 2675 | 2609 |
| **Flex Intermediate Holdco LLC** <br>3.363% due 06/30/2031 | 2000 | 1843 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 3200 | 3743 |
| **Flutter Treasury DAC**  |  |  |
| 5.875% due 06/04/2031  | $2000 | 2029 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.375% due 04/29/2029  | 4000 | 4142 |
| **Fresenius Medical Care U.S. Finance III, Inc.** <br>2.375% due 02/16/2031 | 2940 | 2613 |
| **Frontier Communications Holdings LLC** <br>5.875% due 10/15/2027 | 2750 | 2767 |
| **Gartner, Inc.**  |  |  |
| 3.750% due 10/01/2030  | 2825 | 2680 |
| 4.950% due 03/20/2031  | 2100 | 2114 |
| **Gazprom PJSC Via Gaz Capital SA** <br>8.625% due 04/28/2034 | 5500 | 4538 |
| **GC Treasury Center Co. Ltd.** <br>6.500% due 09/10/2030 •(h) | 2400 | 2432 |
| **Global Medical Response, Inc.** <br>7.375% due 10/01/2032 | 1800 | 1874 |
| **Goat Holdco LLC** <br>6.750% due 02/01/2032 | 2125 | 2184 |
| **goeasy Ltd.**  |  |  |
| 7.375% due 10/01/2030  | 2000 | 1926 |
| 9.250% due 12/01/2028  | 2000 | 2058 |
| **Gray Media, Inc.** <br>9.625% due 07/15/2032 | 3000 | 3116 |
| **Greensaif Pipelines Bidco SARL** <br>6.129% due 02/23/2038 | 3700 | 3935 |
| **Guara Norte SARL** <br>5.198% due 06/15/2034 | 2210 | 2159 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 800 | 811 |
| **HCA, Inc.**  |  |  |
| 3.500% due 09/01/2030  | 1230 | 1183 |
| 4.625% due 03/15/2052  | 1300 | 1062 |
| 4.900% due 11/15/2035  | 2100 | 2072 |
| 5.625% due 09/01/2028  | 1324 | 1365 |
| 5.750% due 03/01/2035  | 2500 | 2625 |
| 5.875% due 02/01/2029  | 1600 | 1668 |
| **HealthEquity, Inc.** <br>4.500% due 10/01/2029 | 2000 | 1967 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.625% due 02/15/2032  | 6375 | 5923 |
| 3.750% due 05/01/2029  | 5000 | 4874 |
| 4.000% due 05/01/2031  | 1375 | 1317 |
| **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** <br>4.875% due 07/01/2031 | 1100 | 1028 |
| **Howard Midstream Energy Partners LLC**  |  |  |
| 6.625% due 01/15/2034  | 1700 | 1747 |
| 7.375% due 07/15/2032  | 2225 | 2349 |
| **Imola Merger Corp.** <br>4.750% due 05/15/2029 | 4325 | 4272 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | 1600 | 1565 |
| **International Distribution Services PLC** <br>7.375% due 09/14/2030 | 1000 | 1451 |
| **Intralot Capital Luxembourg SA** <br>6.750% due 10/15/2031 | 3000 | 3517 |
| **IQVIA, Inc.**  |  |  |
| 5.700% due 05/15/2028  | $1000 | 1035 |
| 6.250% due 06/01/2032  | 3200 | 3348 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 | 1200 | 1210 |
| **JetBlue Pass-Through Trust** <br>4.000% due 05/15/2034 | 1478 | 1410 |
| **John Lewis PLC** <br>4.250% due 12/18/2034 | 975 | 1119 |
| **Kallpa Generacion SA** <br>5.875% due 01/30/2032 | $1400 | 1460 |
| **KazMunayGas National Co. JSC**  |  |  |
| 5.375% due 04/24/2030  | 1600 | 1636 |
| 5.750% due 04/19/2047  | 1579 | 1496 |
| **Kinder Morgan, Inc.** <br>7.750% due 01/15/2032 | 5975 | 6941 |
| **Kraft Heinz Foods Co.** <br>4.375% due 06/01/2046 | 1000 | 827 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 3650 | 3618 |
| **Las Vegas Sands Corp.** <br>3.900% due 08/08/2029 | 1630 | 1592 |
| **Level 3 Financing, Inc.** <br>7.000% due 03/31/2034 | 2500 | 2578 |
| **Leviathan Bond Ltd.** <br>6.500% due 06/30/2027 | 1470 | 1482 |
| **LifePoint Health, Inc.** <br>8.375% due 02/15/2032 | 1400 | 1521 |
| **Lithia Motors, Inc.** <br>5.500% due 10/01/2030 | 2500 | 2519 |
| **Live Nation Entertainment, Inc.**  |  |  |
| 3.750% due 01/15/2028  | 2000 | 1971 |
| 4.750% due 10/15/2027  | 480 | 481 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Marriott International, Inc.** <br>3.500% due 10/15/2032 | 2210 | 2065 |
| **Mars, Inc.** <br>5.000% due 03/01/2032 | 2000 | 2062 |
| **Medline Borrower LP/Medline Co-Issuer, Inc.** <br>6.250% due 04/01/2029 | 4000 | 4140 |
| **MGM China Holdings Ltd.** <br>4.750% due 02/01/2027 | 3900 | 3886 |
| **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** <br>4.875% due 05/01/2029 | 1400 | 1378 |
| **Mitchells & Butlers Finance PLC** <br>6.469% due 09/15/2032 | 1700 | 2313 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 | $404 | 355 |
| **MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)** <br>11.500% due 12/31/2030 (c) | 216 | 229 |
| **National Football League**  |  |  |
| 5.480% due 10/05/2028 «(k)  | 6600 | 6752 |
| 5.580% due 10/05/2033 «(k)  | 5000 | 5105 |
| **National Fuel Gas Co.** <br>2.950% due 03/01/2031 | 1150 | 1051 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 | 3500 | 3522 |
| **NCL Corp. Ltd.** <br>5.875% due 01/15/2031 | 1600 | 1595 |
| **New Albertsons LP** <br>6.570% due 02/23/2028 | 800 | 811 |
| **Newell Brands, Inc.** <br>8.500% due 06/01/2028 | 2400 | 2520 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 04/30/2029 | 1014 | 709 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 3500 | 3455 |
| **Noble Finance II LLC** <br>8.000% due 04/15/2030 | 5200 | 5406 |
| **Novelis Corp.** <br>3.875% due 08/15/2031 | 700 | 639 |
| **NPC Ukrenergo** <br>6.875% due 11/09/2028 | 600 | 516 |
| **NTT Finance Corp.** <br>5.171% due 07/16/2032 | 3100 | 3182 |
| **NuStar Logistics LP** <br>6.375% due 10/01/2030 | 1310 | 1380 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.**  |  |  |
| 3.150% due 05/01/2027  | 200 | 198 |
| 3.875% due 06/18/2026  | 1400 | 1399 |
| **Occidental Petroleum Corp.**  |  |  |
| 6.450% due 09/15/2036  | 250 | 267 |
| 6.625% due 09/01/2030  | 1990 | 2144 |
| 8.875% due 07/15/2030  | 1040 | 1206 |
| **OCP SA** <br>6.700% due 03/01/2036 | 3000 | 3221 |
| **Olympus Water U.S. Holding Corp.**  |  |  |
| 3.875% due 10/01/2028  | 1750 | 2037 |
| 4.250% due 10/01/2028  | $1700 | 1651 |
| **ON Semiconductor Corp.** <br>3.875% due 09/01/2028 | 1820 | 1787 |
| **Open Text Holdings, Inc.** <br>4.125% due 02/15/2030 | 600 | 574 |
| **Organon & Co./Organon Foreign Debt Co-Issuer BV** <br>4.125% due 04/30/2028 | 5000 | 4893 |
| **ORLEN SA** <br>6.000% due 01/30/2035 | 1800 | 1900 |
| **Permian Resources Operating LLC** <br>6.250% due 02/01/2033 | 1275 | 1308 |
| **Pertamina Persero PT**  |  |  |
| 4.150% due 02/25/2060  | 1000 | 746 |
| 4.175% due 01/21/2050  | 1500 | 1166 |
| 4.700% due 07/30/2049  | 3000 | 2544 |
| 6.500% due 05/27/2041  | 3000 | 3228 |
| 6.500% due 11/07/2048  | 3500 | 3750 |
| **Petroleos de Venezuela SA** <br>5.500% due 04/12/2037 ^(d) | 27535 | 6443 |
| **Petroleos Mexicanos**  |  |  |
| 6.350% due 02/12/2048  | 4526 | 3556 |
| 6.375% due 01/23/2045  | 8510 | 6881 |
| 6.750% due 09/21/2047  | 13456 | 11073 |
| 6.950% due 01/28/2060  | 4262 | 3473 |
| 7.690% due 01/23/2050  | 10170 | 9121 |
| **Picard Groupe SAS** <br>6.375% due 07/01/2029 | 2000 | 2458 |
| **Pinnacle Bidco PLC** <br>8.250% due 10/11/2028 | 3000 | 3698 |
| **Post Holdings, Inc.**  |  |  |
| 4.625% due 04/15/2030  | $2510 | 2446 |
| 6.500% due 03/15/2036  | 4000 | 4009 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Prestige Brands, Inc.** <br>5.125% due 01/15/2028 | 100 | 100 |
| **Prime Security Services Borrower LLC/Prime Finance, Inc.**  |  |  |
| 3.375% due 08/31/2027  | 2400 | 2356 |
| 5.750% due 04/15/2026  | 80 | 80 |
| **Primo Water Holdings, Inc./Triton Water Holdings, Inc.** <br>6.250% due 04/01/2029 | 3400 | 3429 |
| **ProFrac Holdings II LLC** <br>10.902% (TSFR3M + 7.250%) due 01/23/2029 ~ | 554 | 566 |
| **PTC, Inc.** <br>4.000% due 02/15/2028 | 200 | 198 |
| **Qnity Electronics, Inc.**  |  |  |
| 5.750% due 08/15/2032  | 900 | 921 |
| 6.250% due 08/15/2033  | 700 | 726 |
| **Quanta Services, Inc.** <br>2.900% due 10/01/2030 | 975 | 913 |
| **Quikrete Holdings, Inc.** <br>6.375% due 03/01/2032 | 5300 | 5520 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 3000 | 3136 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 2325 | 2398 |
| **ReNew Pvt Ltd.** <br>5.875% due 03/05/2027 | 478 | 475 |
| **Rockies Express Pipeline LLC** <br>4.800% due 05/15/2030 | 2480 | 2449 |
| **Rolls-Royce PLC**  |  |  |
| 4.625% due 02/16/2026  | 1000 | 1179 |
| 5.750% due 10/15/2027  | $3200 | 3283 |
| **Royal Caribbean Cruises Ltd.** <br>5.625% due 09/30/2031 | 2000 | 2045 |
| **Sands China Ltd.**  |  |  |
| 2.850% due 03/08/2029  | 3700 | 3515 |
| 3.800% due 01/08/2026  | 1000 | 1000 |
| **Santos Finance Ltd.** <br>3.649% due 04/29/2031 | 1325 | 1242 |
| **Sartorius Finance BV**  |  |  |
| 4.500% due 09/14/2032  | 2500 | 3082 |
| 4.875% due 09/14/2035  | 5200 | 6468 |
| **Sasol Financing USA LLC**  |  |  |
| 4.375% due 09/18/2026  | $1800 | 1793 |
| 6.500% due 09/27/2028  | 4350 | 4289 |
| **Saudi Arabian Oil Co.**  |  |  |
| 3.250% due 11/24/2050  | 550 | 368 |
| 3.500% due 11/24/2070  | 2000 | 1267 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 3350 | 3486 |
| **Seagate Data Storage Technology Pte. Ltd.** <br>9.625% due 12/01/2032 | 3698 | 4201 |
| **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed** <br>4.625% due 03/01/2029 | 250 | 241 |
| **Sirius XM Radio LLC** <br>4.125% due 07/01/2030 | 2500 | 2379 |
| **Snap, Inc.** <br>6.875% due 03/15/2034 | 5300 | 5461 |
| **Speedway Motorsports LLC/Speedway Funding II, Inc.** <br>4.875% due 11/01/2027 | 950 | 949 |
| **Spirit Airlines Pass-Through Trust**  |  |  |
| 3.650% due 08/15/2031  | 60 | 55 |
| 4.100% due 10/01/2029  | 278 | 267 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 1225 | 1195 |
| **Standard Industries, Inc.**  |  |  |
| 3.375% due 01/15/2031  | 6420 | 5902 |
| 4.750% due 01/15/2028  | 1200 | 1198 |
| **Station Casinos LLC**  |  |  |
| 4.500% due 02/15/2028  | 1220 | 1211 |
| 4.625% due 12/01/2031  | 2000 | 1898 |
| **Sunoco LP** <br>5.625% due 03/15/2031 | 3400 | 3427 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.550% due 02/15/2031  | 1165 | 1065 |
| 2.625% due 02/15/2029  | 2475 | 2363 |
| 2.875% due 02/15/2031  | 3210 | 2981 |
| 3.875% due 04/15/2030  | 4650 | 4574 |
| **TeamSystem SpA** <br>3.500% due 02/15/2028 | 400 | 471 |
| **TGS ASA** <br>8.500% due 01/15/2030 | $1000 | 1048 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 538 | 836 |
| **TK Elevator Midco GmbH** <br>4.375% due 07/15/2027 | 1000 | 1182 |
| **Topaz Solar Farms LLC** <br>5.750% due 09/30/2039 | $540 | 544 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **TopBuild Corp.**  |  |  |
| 3.625% due 03/15/2029  | 1500 | 1454 |
| 4.125% due 02/15/2032  | 3925 | 3731 |
| **Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC** <br>9.500% due 05/15/2030 | 2700 | 2699 |
| **TransDigm, Inc.**  |  |  |
| 6.250% due 01/31/2034  | 2000 | 2076 |
| 6.750% due 01/31/2034  | 4250 | 4430 |
| **Travel & Leisure Co.** <br>4.625% due 03/01/2030 | 1100 | 1077 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 83 | 82 |
| **Twilio, Inc.** <br>3.625% due 03/15/2029 | 1800 | 1742 |
| **U.S. Foods, Inc.** <br>4.750% due 02/15/2029 | 600 | 598 |
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 779 | 668 |
| **UCB SA** <br>4.250% due 03/20/2030 | 1100 | 1334 |
| **UKG, Inc.** <br>6.875% due 02/01/2031 | $4000 | 4115 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 219 | 202 |
| 2.900% due 11/01/2029  | 471 | 452 |
| 3.100% due 01/07/2030  | 159 | 155 |
| 3.500% due 09/01/2031  | 325 | 315 |
| 4.150% due 02/25/2033  | 952 | 937 |
| 5.800% due 07/15/2037  | 2799 | 2934 |
| 5.875% due 04/15/2029  | 1792 | 1839 |
| **United Airlines, Inc.** <br>4.375% due 04/15/2026 | 2980 | 2978 |
| **Univision Communications, Inc.**  |  |  |
| 4.500% due 05/01/2029  | 1100 | 1057 |
| 8.500% due 07/31/2031  | 4000 | 4182 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 1200 | 1249 |
| **Var Energi ASA** <br>5.875% due 05/22/2030 | 4200 | 4376 |
| **Vedanta Resources Finance II PLC** <br>9.125% due 10/15/2032 | 2600 | 2623 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 7700 | 7224 |
| 3.875% due 11/01/2033  | 4300 | 3690 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 1600 | 1541 |
| 8.125% due 06/01/2028  | 3000 | 3040 |
| 8.375% due 06/01/2031  | 2500 | 2488 |
| 9.500% due 02/01/2029  | 8300 | 8608 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 2600 | 2649 |
| 6.500% due 01/15/2034  | 7350 | 7532 |
| **Viking Ocean Cruises Ship VII Ltd.** <br>5.625% due 02/15/2029 | 550 | 553 |
| **Virgin Media Secured Finance PLC**  |  |  |
| 4.250% due 01/15/2030  | 5200 | 6458 |
| 5.250% due 05/15/2029  | 100 | 131 |
| **Virgin Media Vendor Financing Notes III DAC** <br>4.875% due 07/15/2028 | 3100 | 4084 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 4.250% due 01/31/2031  | $6250 | 5705 |
| 7.750% due 04/15/2032  | 5000 | 5217 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 2518 | 2519 |
| **Volkswagen Group of America Finance LLC** <br>5.050% due 03/27/2028 | 6100 | 6196 |
| **VZ Secured Financing BV** <br>7.500% due 01/15/2033 | 10500 | 10648 |
| **Wabtec Transportation Netherlands BV** <br>1.250% due 12/03/2027 | 400 | 459 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 4.279% due 03/15/2032  | $2950 | 2593 |
| 5.050% due 03/15/2042  | 2425 | 1713 |
| **WBI Operating LLC**  |  |  |
| 6.250% due 10/15/2030  | 2000 | 2013 |
| 6.500% due 10/15/2033  | 1100 | 1096 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 3700 | 3791 |
| **Western Digital Corp.** <br>4.750% due 02/15/2026 | 661 | 664 |
| **Windstream Services LLC/Windstream Escrow Finance Corp.** <br>8.250% due 10/01/2031 | 2300 | 2417 |
| **Woodside Finance Ltd.** <br>5.100% due 09/12/2034 | 4500 | 4448 |
| **WR Grace Holdings LLC** <br>4.875% due 06/15/2027 | 1196 | 1194 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wyndham Hotels & Resorts, Inc.** <br>4.375% due 08/15/2028 | 2760 | 2734 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 3800 | 3817 |
| **Wynn Macau Ltd.** <br>5.625% due 08/26/2028 | 4425 | 4427 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** <br>5.125% due 10/01/2029 | 2250 | 2265 |
| **Yellowstone Energy LP** <br>5.750% due 12/31/2026 | 469 | 464 |
| **Yinson Boronia Production BV** <br>8.947% due 07/31/2042 | 5371 | 5864 |
| **Yum! Brands, Inc.** <br>4.625% due 01/31/2032 | 2125 | 2085 |
| **Zayo Group Holdings, Inc. (5.750% Cash and 0.500% PIK)** <br>6.250% due 03/09/2030 (c) | 167 | 159 |
| **ZipRecruiter, Inc.** <br>5.000% due 01/15/2030 | 1000 | 786 |
|  |  | 798866 |
| **UTILITIES 4.5%**  |  |  |
| **Alabama Power Co.** <br>1.450% due 09/15/2030 | 1570 | 1395 |
| **Altice Holdings 1 SARL** <br>0.010% due 12/31/2099 « | 2 | 40 |
| **Ameren Illinois Co.** <br>3.250% due 03/15/2050 | $300 | 207 |
| **AT&T, Inc.**  |  |  |
| 2.750% due 06/01/2031  | 1000 | 919 |
| 3.550% due 09/15/2055  | 6991 | 4659 |
| 3.650% due 09/15/2059  | 5552 | 3664 |
| **Chile Electricity Lux MPC II SARL** <br>5.672% due 10/20/2035 | 2718 | 2831 |
| **Clearway Energy Operating LLC** <br>3.750% due 02/15/2031 | 2665 | 2499 |
| **Cleveland Electric Illuminating Co.** <br>4.550% due 11/15/2030 | 2500 | 2491 |
| **Comision Ejecutiva Hidroelectrica del Rio Lempa** <br>8.650% due 01/24/2033 | 2800 | 3007 |
| **ContourGlobal Power Holdings SA** <br>6.750% due 02/28/2030 | 1500 | 1549 |
| **Dominion Energy, Inc.** <br>5.000% due 06/15/2030 | 2125 | 2184 |
| **Duke Energy Corp.** <br>3.750% due 04/01/2031 | 4150 | 4946 |
| **Edison International** <br>5.750% due 06/15/2027 | $1300 | 1324 |
| **Electricite de France SA**  |  |  |
| 5.250% due 10/13/2055  | 300 | 266 |
| 6.000% due 04/22/2064  | 3100 | 3055 |
| 9.125% due 03/15/2033 •(h)  | 6100 | 7118 |
| **Enel Finance International NV**  |  |  |
| 2.500% due 07/12/2031  | 1700 | 1530 |
| 6.000% due 10/07/2039  | 1300 | 1370 |
| **Entergy Texas, Inc.** <br>1.750% due 03/15/2031 | 2000 | 1765 |
| **Eskom Holdings** <br>6.350% due 08/10/2028 | 2000 | 2075 |
| **FirstEnergy Transmission LLC** <br>2.866% due 09/15/2028 | 2000 | 1935 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 1225 | 1209 |
| **Gazprom PJSC via Gaz Finance PLC** <br>2.950% due 01/27/2029 | 4800 | 3480 |
| **Genesis Energy LP/Genesis Energy Finance Corp.** <br>8.250% due 01/15/2029 | 1825 | 1911 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 300 | 294 |
| **Kentucky Utilities Co.** <br>3.300% due 06/01/2050 | 100 | 69 |
| **Mid-Atlantic Interstate Transmission LLC** <br>4.100% due 05/15/2028 | 650 | 651 |
| **National Grid PLC** <br>0.750% due 09/01/2033 | 4200 | 4002 |
| **NextEra Energy Capital Holdings, Inc.** <br>2.200% due 12/02/2026 | 6900 | 4514 |
| **NGPL PipeCo LLC**  |  |  |
| 4.875% due 08/15/2027  | $1602 | 1609 |
| 7.768% due 12/15/2037  | 1139 | 1326 |
| **Niagara Energy SAC** <br>5.746% due 10/03/2034 | 1600 | 1633 |
| **NRG Energy, Inc.** <br>5.407% due 10/15/2035 | 3200 | 3198 |
| **ONEOK, Inc.**  |  |  |
| 5.050% due 11/01/2034  | 1575 | 1562 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.625% due 01/15/2028  | 750 | 766 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 300 | 291 |
| 2.500% due 02/01/2031  | 1400 | 1262 |
| 2.950% due 03/01/2026  | 400 | 399 |
| 3.150% due 01/01/2026  | 1110 | 1110 |
| 3.250% due 06/01/2031  | 350 | 326 |
| 3.300% due 03/15/2027  | 700 | 693 |
| 3.300% due 12/01/2027  | 3000 | 2956 |
| 3.500% due 08/01/2050  | 130 | 88 |
| 3.750% due 07/01/2028  | 2050 | 2026 |
| 3.750% due 08/15/2042  | 100 | 76 |
| 3.950% due 12/01/2047  | 1000 | 747 |
| 4.200% due 03/01/2029  | 2000 | 1988 |
| 4.200% due 06/01/2041  | 500 | 417 |
| 4.250% due 03/15/2046  | 200 | 157 |
| 4.300% due 03/15/2045  | 600 | 478 |
| 4.450% due 04/15/2042  | 500 | 415 |
| 4.500% due 07/01/2040  | 1400 | 1221 |
| 4.600% due 06/15/2043  | 300 | 251 |
| 4.650% due 08/01/2028  | 800 | 806 |
| 4.950% due 07/01/2050  | 444 | 376 |
| 5.050% due 10/15/2032  | 5200 | 5231 |
| **Perusahaan Perseroan Persero PT Perusahaan Listrik Negara**  |  |  |
| 3.000% due 06/30/2030  | 5200 | 4900 |
| 4.000% due 06/30/2050  | 5400 | 4011 |
| 4.375% due 02/05/2050  | 1000 | 799 |
| 4.875% due 07/17/2049  | 3200 | 2749 |
| 6.150% due 05/21/2048  | 2820 | 2874 |
| **Rio Oil Finance Trust** <br>8.200% due 04/06/2028 | 1164 | 1206 |
| **Sabesp Lux SARL** <br>5.625% due 08/20/2030 | 2800 | 2813 |
| **San Diego Gas & Electric Co.** <br>1.700% due 10/01/2030 | 1900 | 1697 |
| **Southern California Edison Co.**  |  |  |
| 2.850% due 08/01/2029  | 100 | 95 |
| 3.650% due 02/01/2050  | 1475 | 1032 |
| 4.650% due 10/01/2043  | 800 | 682 |
| 4.875% due 03/01/2049  | 600 | 505 |
| 5.625% due 02/01/2036  | 1000 | 1012 |
| 6.650% due 04/01/2029  | 200 | 210 |
| **Southern California Gas Co.** <br>2.550% due 02/01/2030 | 800 | 755 |
| **Southern Gas Corridor CJSC** <br>6.875% due 03/24/2026 | 6980 | 7040 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** <br>4.000% due 01/15/2032 | 775 | 740 |
| **Telecom Italia SpA** <br>7.875% due 07/31/2028 | 2650 | 3478 |
| **Tierra Mojada Luxembourg II SARL** <br>5.750% due 12/01/2040 | $1314 | 1293 |
| **Verizon Communications, Inc.**  |  |  |
| 4.750% due 01/15/2033  | 800 | 800 |
| 5.000% due 01/15/2036  | 2800 | 2777 |
| **Vodafone Group PLC** <br>7.875% due 02/15/2030 | 30 | 34 |
| **VoltaGrid LLC** <br>7.375% due 11/01/2030 | 1800 | 1784 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 2200 | 2307 |
|  |  | 143960 |
| Total Corporate Bonds & Notes (Cost $1,378,955) |  | 1360853 |
| **CONVERTIBLE BONDS & NOTES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Nexi SpA** <br>0.000% due 02/24/2028 (g) | 2900 | 3149 |
| Total Convertible Bonds & Notes (Cost $3,097) |  | 3149 |
| **U.S. GOVERNMENT AGENCIES 17.7%**  |  |  |
| **Federal Home Loan Mortgage Corp.**<br>4.000% due 06/01/2049 | $272 | 262 |
| **Federal Home Loan Mortgage Corp. REMICS**<br>4.598% due 09/15/2030 •  | 1 | 1 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.229% due 10/25/2044 - 02/25/2045 •  | 21 | 20 |
| 5.429% due 07/25/2044 •  | 30 | 29 |
| 6.500% due 07/25/2043 | 3 | 3 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 02/01/2047 | 484 | 438 |
| 3.500% due 11/01/2045 - 10/01/2048 | 4901 | 4605 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 07/01/2048 - 04/01/2049 | 776 | 749 |
| 5.000% due 11/01/2035 | 12 | 12 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 0.661% due 09/25/2040 •  | 238 | 7 |
| 1.811% due 09/25/2037 •(a) | 286 | 26 |
| 6.850% due 12/18/2027 | 2 | 2 |
| **Federal National Mortgage Association REMICS Trust**<br>6.500% due 06/25/2028 | 2 | 2 |
| **Government National Mortgage Association**  |  |  |
| 4.750% due 11/20/2026 - 11/20/2027 •  | 1 | 1 |
| 6.112% due 09/16/2042 ~ | 63 | 63 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.000% due 01/01/2056 | 12400 | 10026 |
| 3.000% due 02/01/2056 | 67400 | 59578 |
| 4.000% due 02/01/2056 | 34200 | 32423 |
| 4.500% due 02/01/2056 | 98900 | 96471 |
| 5.000% due 02/01/2056 | 48800 | 48623 |
| 6.000% due 02/01/2056 | 121860 | 125065 |
| 6.500% due 02/01/2056 - 03/01/2056 | 185430 | 192846 |
| Total U.S. Government Agencies (Cost $570,276) |  | 571252 |
| **U.S. TREASURY OBLIGATIONS 4.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 02/15/2041 | 57400 | 40122 |
| 2.875% due 05/15/2043 (o) | 12532 | 9732 |
| 3.125% due 02/15/2043 (o)(q) | 18631 | 15074 |
| 3.750% due 11/15/2043 (q) | 1500 | 1315 |
| 3.875% due 02/15/2043 | 28000 | 25198 |
| 4.625% due 05/15/2044 (o)(q) | 21700 | 21313 |
| 4.750% due 11/15/2043 (o)(q) | 5000 | 5002 |
| 4.750% due 02/15/2045 (o)(q) | 13200 | 13137 |
| 4.875% due 08/15/2045 (q) | 538 | 544 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (q) | 788 | 794 |
| Total U.S. Treasury Obligations (Cost $159,688) |  | 132231 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.4%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>3.885% due 01/25/2036 ~ | 13 | 12 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.036% due 05/25/2046 •  | 96 | 87 |
| 4.056% due 10/25/2046 •  | 364 | 182 |
| 4.729% due 02/25/2047 •  | 19293 | 6618 |
| **American Home Mortgage Investment Trust**  |  |  |
| 5.880% due 12/25/2035 •  | 480 | 149 |
| 6.500% due 03/25/2047 þ  | 1629 | 968 |
| **BAMLL Commercial Mortgage Securities Trust** <br>2.847% due 04/20/2042 | 5310 | 4387 |
| **Banc of America Funding Trust**  |  |  |
| 2.372% due 03/20/2036 ~  | 10 | 10 |
| 5.138% due 09/20/2035 ~  | 17 | 14 |
| 5.500% due 01/25/2036  | 10 | 10 |
| 6.000% due 07/25/2037  | 185 | 160 |
| 6.000% due 08/25/2037  | 52 | 42 |
| **Banc of America Mortgage Trust**  |  |  |
| 4.832% due 02/25/2036 ~  | 5 | 5 |
| 4.951% due 11/20/2046 ~  | 336 | 299 |
| 5.316% due 06/25/2035 ~  | 32 | 29 |
| 6.000% due 10/25/2036  | 47 | 40 |
| **Bank5** <br>5.270% due 12/15/2058 | 14000 | 14482 |
| **BBCMS Mortgage Trust** <br>4.314% due 12/15/2051 | 600 | 597 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.039% due 03/25/2036 ~  | 114 | 93 |
| 4.084% due 08/25/2036 ~  | 231 | 153 |
| 4.139% due 11/25/2036 ~  | 92 | 39 |
| 4.186% due 08/25/2036 •  | 351 | 319 |
| 4.397% due 11/25/2036 ~  | 85 | 47 |
| 4.474% due 11/25/2036 ~  | 1879 | 944 |
| 4.791% due 09/25/2035 ~  | 271 | 145 |
| 5.406% due 05/25/2035 ~  | 466 | 449 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.422% due 02/25/2036 ~  | 134 | 124 |
| 4.791% due 01/25/2035 ~  | 189 | 184 |
| 4.905% due 08/25/2035 ~  | 158 | 148 |
| 5.031% due 01/25/2035 ~  | 3 | 3 |
| 5.734% due 01/25/2034 ~  | 1 | 1 |
| 6.214% due 01/25/2034 ~  | 3 | 3 |
| **Benchmark Mortgage Trust**  |  |  |
| 4.077% due 07/15/2051  | 3914 | 3892 |
| 5.738% due 12/15/2057  | 4900 | 5130 |
| **BMO Mortgage Trust** <br>5.857% due 02/15/2057 | 6000 | 6271 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2063 ~  | 5297 | 4799 |
| 3.250% due 09/25/2063 ~  | 5053 | 4567 |
| **Chase Mortgage Finance Trust**  |  |  |
| 5.500% due 11/25/2035  | 213 | 150 |
| 5.500% due 07/25/2037  | 927 | 0 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.096% due 01/25/2036 •  | 40 | 39 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.306% due 05/25/2035 •  | 46 | 41 |
| 5.500% due 01/25/2035  | 136 | 139 |
| 5.500% due 09/25/2035  | 54 | 53 |
| 5.500% due 12/25/2035  | 158 | 83 |
| 6.000% due 05/25/2036  | 128 | 57 |
| 6.000% due 01/25/2037  | 2703 | 1235 |
| 6.741% due 02/25/2034 ~  | 17 | 17 |
| 6.804% due 07/20/2034 ~  | 60 | 60 |
| **CHL Reperforming Loan Trust REMICS** <br>4.186% due 06/25/2035 •  | 23 | 22 |
| **Citigroup Commercial Mortgage Trust** <br>3.209% due 05/10/2049 | 1100 | 1096 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.442% due 05/25/2035 ~  | 70 | 67 |
| 4.457% due 09/25/2037 ~  | 145 | 137 |
| 4.603% due 04/25/2037 ~  | 114 | 102 |
| 5.395% due 08/25/2035 ~  | 8 | 7 |
| 6.480% due 10/25/2035 •  | 50 | 51 |
| 6.490% due 05/25/2035 •  | 2 | 2 |
| 6.560% due 10/25/2035 •  | 66 | 64 |
| 6.625% due 09/25/2037 ~  | 13 | 13 |
| 6.746% due 03/25/2034 ~  | 5 | 5 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 06/25/2037 | 366 | 337 |
| **COMM Mortgage Trust** <br>4.228% due 05/10/2051 | 1000 | 986 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.043% due 12/20/2046 •  | 596 | 536 |
| 4.086% due 06/25/2036 •  | 1235 | 1193 |
| 4.206% due 04/25/2046 •  | 4039 | 3858 |
| 4.246% due 02/25/2036 •  | 3018 | 2634 |
| 4.268% due 07/20/2046 •  | 212 | 184 |
| 4.408% due 09/20/2046 •  | 370 | 336 |
| 4.508% due 11/20/2035 •  | 1605 | 1575 |
| 4.620% due 10/25/2035 ~  | 6 | 5 |
| 4.735% due 02/25/2037 ~  | 323 | 290 |
| 5.029% due 12/25/2035 •  | 122 | 107 |
| 5.500% due 03/25/2035  | 2787 | 2482 |
| 5.500% due 11/25/2035  | 466 | 253 |
| 5.500% due 12/25/2035  | 306 | 181 |
| 5.500% due 01/25/2036  | 96 | 51 |
| 5.750% due 02/25/2035  | 248 | 164 |
| 5.750% due 03/25/2037 •  | 78 | 39 |
| 6.000% due 10/25/2036  | 2853 | 1307 |
| 6.000% due 02/25/2037  | 2403 | 841 |
| 6.250% due 11/25/2036  | 598 | 437 |
| 6.250% due 12/25/2036 •  | 436 | 174 |
| 6.250% due 08/25/2037  | 2670 | 1183 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 5.642% due 06/25/2033 ~  | 33 | 32 |
| 6.000% due 01/25/2036  | 382 | 233 |
| **Cross Mortgage Trust** <br>5.181% due 07/25/2070 ~ | 3888 | 3907 |
| **CSAB Mortgage-Backed Trust** <br>6.672% due 06/25/2036 þ | 193 | 43 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.346% due 02/25/2035 •  | 649 | 643 |
| 5.500% due 12/25/2035  | 148 | 127 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>6.800% due 07/25/2036 þ | 62 | 55 |
| **EMF-NL Prime BV** <br>2.816% due 04/17/2041 •  | 80 | 93 |
| **Eurosail PLC** <br>2.519% due 09/10/2044 •  | 3565 | 4152 |
| **Eurosail-U.K. PLC**  |  |  |
| 4.601% due 09/13/2045 •  | 2056 | 2759 |
| 4.851% due 06/13/2045 •  | 1078 | 1454 |
| **First Horizon Asset Securities, Inc.** <br>5.194% due 02/25/2036 ~ | $14 | 14 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.750% due 05/25/2037 | 389 | 114 |
| **GMACM Mortgage Loan Trust**  |  |  |
| 3.724% due 11/19/2035 ~  | 16 | 14 |
| 3.757% due 04/19/2036 ~  | 26 | 22 |
| **GreenPoint Mortgage Funding Trust** <br>4.386% due 11/25/2045 •  | 17 | 16 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GreenPoint Mortgage Pass-Through Certificates** <br>7.033% due 10/25/2033 ~ | 23 | 22 |
| **GS Mortgage-Backed Securities Trust** <br>5.648% due 06/25/2065 þ | 11609 | 11737 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.242% due 05/25/2035 ~  | 106 | 79 |
| 4.426% due 08/25/2046 •  | 10636 | 2293 |
| 4.521% due 01/25/2036 ~  | 25 | 24 |
| 4.879% due 06/25/2034 ~  | 7 | 7 |
| 4.970% due 11/25/2035 ~  | 66 | 64 |
| 4.974% due 11/25/2035 ~  | 54 | 23 |
| 6.000% due 02/25/2036  | 959 | 386 |
| 6.000% due 03/25/2037  | 157 | 77 |
| 6.000% due 05/25/2037  | 38 | 28 |
| 6.919% due 05/25/2034 ~  | 28 | 28 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.226% due 09/19/2037 •  | 221 | 195 |
| 4.226% due 01/19/2038 •  | 305 | 273 |
| 4.256% due 12/19/2036 •  | 1852 | 1512 |
| 4.311% due 06/19/2036 ~  | 105 | 53 |
| **HomeBanc Mortgage Trust** <br>4.366% due 01/25/2036 •  | 38 | 37 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.311% due 07/25/2037 ~  | 87 | 56 |
| 3.804% due 08/25/2036 ~  | 43 | 27 |
| 4.068% due 06/25/2036 ~  | 153 | 136 |
| 4.326% due 07/25/2035 •  | 19 | 17 |
| 4.386% due 06/25/2037 •  | 54 | 67 |
| **JP Morgan Alternative Loan Trust** <br>4.126% due 03/25/2037 •  | 337 | 293 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.051% due 07/27/2037 ~  | 371 | 349 |
| 5.021% due 06/25/2036 ~  | 31 | 21 |
| 5.021% due 06/25/2037 ~  | 544 | 415 |
| 5.099% due 08/25/2035 ~  | 87 | 77 |
| 5.124% due 11/25/2054 •  | 2383 | 2380 |
| 5.386% due 07/25/2035 ~  | 7 | 7 |
| 5.569% due 04/25/2035 ~  | 90 | 89 |
| 5.750% due 01/25/2036  | 187 | 82 |
| 5.994% due 04/25/2036 ~  | 89 | 81 |
| **Lehman XS Trust** <br>4.206% due 07/25/2037 •  | 233 | 220 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 3.373% due 11/25/2033 ~  | 9 | 8 |
| 4.326% due 05/25/2037 •  | 79 | 32 |
| 4.526% due 05/25/2047 •  | 862 | 729 |
| **MASTR Alternative Loan Trust** <br>4.246% due 03/25/2036 •  | 498 | 42 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 4.166% due 01/25/2037 •  | 5428 | 1643 |
| 4.576% due 06/25/2037 ~  | 73 | 32 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.266% due 02/25/2036 •  | 258 | 256 |
| 4.272% due 05/25/2034 ~  | 71 | 64 |
| 5.286% due 11/25/2035 •  | 26 | 25 |
| **MFA Trust**  |  |  |
| 1.381% due 04/25/2065 ~  | 899 | 883 |
| 6.775% due 10/25/2058 þ  | 2091 | 2114 |
| **Mill City Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 1486 | 1462 |
| 3.250% due 05/25/2062 ~  | 82 | 81 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.240% due 11/25/2037 ~  | 515 | 357 |
| 6.000% due 10/25/2037  | 3863 | 2044 |
| **MortgageIT Securities Corp. Mortgage Loan Trust** <br>4.346% due 09/25/2037 •  | 2786 | 2133 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 07/25/2059 ~ | 2055 | 1995 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>6.320% due 03/25/2047 þ | 59 | 55 |
| **OBX Trust** <br>6.844% due 04/25/2063 þ | 1621 | 1636 |
| **Prime Mortgage Trust** <br>4.346% due 02/25/2035 •  | 19 | 19 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 57000 | 38039 |
| **RALI Trust**  |  |  |
| 4.046% due 05/25/2037 •  | $183 | 169 |
| 4.226% due 07/25/2036 •  | 67 | 63 |
| 4.246% due 12/25/2046 •  | 106 | 96 |
| 4.306% due 05/25/2037 •  | 32 | 29 |
| 4.893% due 02/25/2035 ~  | 45 | 40 |
| 5.818% due 02/25/2036 ~  | 73 | 63 |
| 6.000% due 06/25/2036  | 41 | 34 |
| 6.000% due 05/25/2037  | 37 | 31 |
| 6.500% due 07/25/2036  | 151 | 126 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **RBSGC Structured Trust** <br>5.500% due 11/25/2035 ~ | 776 | 648 |
| **RBSSP Resecuritization Trust** <br>6.500% due 10/26/2036 ~ | 714 | 616 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 01/25/2046 •  | 717 | 196 |
| 6.000% due 02/25/2036  | 321 | 120 |
| 6.250% due 09/25/2037  | 1863 | 672 |
| **RFMSI Trust**  |  |  |
| 5.484% due 02/25/2036 ~  | 135 | 129 |
| 5.532% due 09/25/2035 ~  | 116 | 72 |
| 6.000% due 10/25/2036  | 166 | 136 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.892% due 01/25/2035 ~  | 36 | 36 |
| 4.246% due 04/25/2047 •  | 205 | 172 |
| 4.252% due 09/25/2036 ~  | 566 | 380 |
| 4.446% due 10/25/2034 •  | 1794 | 1641 |
| 4.780% due 09/25/2035 ~  | 295 | 261 |
| 5.005% due 03/25/2036 ~  | 26 | 21 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.286% due 05/25/2036 •  | 507 | 426 |
| 4.366% due 05/25/2046 •  | 28 | 17 |
| **Structured Asset Mortgage Investments Trust** <br>4.506% due 09/19/2032 •  | 2 | 2 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>6.253% due 06/25/2033 ~ | 10 | 10 |
| **Tib Finance PLC** <br>7.111% due 11/15/2034 «(k) | 2600 | 2614 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.900% due 10/25/2059 ~  | 6606 | 6381 |
| 4.846% due 10/25/2048 •  | 3666 | 3675 |
| 4.846% due 05/25/2058 •  | 216 | 220 |
| **Verus Securitization Trust**  |  |  |
| 5.999% due 02/25/2068 þ  | 1388 | 1386 |
| 6.665% due 09/25/2068 þ  | 3936 | 3971 |
| 7.070% due 10/25/2068 þ  | 4577 | 4638 |
| **Wachovia Mortgage Loan Trust LLC**  |  |  |
| 3.915% due 08/20/2035 ~  | 43 | 40 |
| 6.708% due 10/20/2035 ~  | 5 | 5 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.878% due 12/25/2046 •  | 95 | 85 |
| 4.140% due 12/25/2036 ~  | 138 | 125 |
| 4.171% due 02/27/2034 •  | 5 | 5 |
| 4.173% due 02/25/2037 ~  | 1112 | 1004 |
| 4.366% due 11/25/2045 •  | 334 | 317 |
| 4.386% due 12/25/2045 •  | 269 | 250 |
| 4.473% due 09/25/2036 ~  | 122 | 107 |
| 4.486% due 08/25/2045 •  | 158 | 159 |
| 4.729% due 02/25/2047 •  | 236 | 221 |
| 4.779% due 06/25/2047 •  | 22 | 21 |
| 4.909% due 10/25/2046 •  | 438 | 389 |
| 5.029% due 08/25/2046 •  | 611 | 568 |
| 5.077% due 07/25/2046 •  | 372 | 345 |
| 5.229% due 11/25/2042 •  | 1 | 0 |
| 5.429% due 06/25/2042 •  | 1 | 1 |
| 5.429% due 08/25/2042 •  | 1 | 1 |
| 5.450% due 09/25/2033 ~  | 853 | 840 |
| 5.529% due 10/25/2046 •  | 70 | 67 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.911% due 09/25/2036 þ  | 15163 | 3971 |
| 4.326% due 01/25/2047 •  | 280 | 256 |
| 4.869% due 05/25/2047 •  | 2 | 6 |
| **Wells Fargo Commercial Mortgage Trust** <br>2.725% due 02/15/2053 | 900 | 844 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 5.851% due 11/25/2037 ~  | 106 | 97 |
| 6.389% due 09/25/2033 ~  | 7 | 6 |
| 6.673% due 04/25/2036 ~  | 8 | 8 |
| Total Non-Agency Mortgage-Backed Securities (Cost $223,857) |  | 205306 |
| **ASSET-BACKED SECURITIES 13.3%**  |  |  |
| **AUTOMOBILE ABS OTHER 2.3%**  |  |  |
| **CarMax Select Receivables Trust**  |  |  |
| 4.350% due 07/15/2030  | 5500 | 5514 |
| 5.010% due 09/16/2030  | 4800 | 4863 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.710% due 12/17/2029  | 1800 | 1812 |
| 4.910% due 10/15/2031  | 7200 | 7255 |
| **Exeter Automobile Receivables Trust** <br>5.160% due 07/15/2031 | 7665 | 7761 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.570% due 01/15/2030  | 11700 | 11751 |
| 5.490% due 07/17/2028  | 2712 | 2720 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GLS Auto Select Receivables Trust** <br>6.670% due 12/17/2029 | 1600 | 1647 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.490% due 09/15/2031  | 8000 | 8067 |
| 4.680% due 09/15/2031  | 5700 | 5740 |
| 4.870% due 05/15/2031  | 1000 | 1011 |
| 5.060% due 05/15/2031  | 6800 | 6887 |
| 5.450% due 03/15/2030  | 2405 | 2435 |
| 6.400% due 03/17/2031  | 2313 | 2392 |
| 6.430% due 02/18/2031  | 5400 | 5601 |
|  |  | 75456 |
| **AUTOMOBILE SEQUENTIAL 2.4%**  |  |  |
| **Ally Bank Auto Credit-Linked Notes** <br>4.452% due 06/15/2033 | 7639 | 7680 |
| **CarMax Select Receivables Trust** <br>4.770% due 09/17/2029 | 8100 | 8172 |
| **Consumer Portfolio Services Auto Trust** <br>4.460% due 07/16/2029 | 9823 | 9835 |
| **Exeter Automobile Receivables Trust** <br>4.390% due 09/17/2029 | 12500 | 12559 |
| **GLS Auto Receivables Issuer Trust** <br>4.440% due 03/15/2029 | 8300 | 8335 |
| **Tesla Lease Electric Vehicle Securitization LLC** <br>4.140% due 06/20/2028 | 4300 | 4310 |
| **Upgrade Auto Receivables Trust**  |  |  |
| 4.540% due 05/15/2029  | 1500 | 1502 |
| 4.590% due 10/15/2031  | 2200 | 2187 |
| 4.600% due 01/15/2031  | 7550 | 7571 |
| **Westlake Automobile Receivables Trust**  |  |  |
| 4.220% due 06/15/2029  | 8400 | 8432 |
| 4.310% due 04/17/2028  | 7000 | 7009 |
|  |  | 77592 |
| **CMBS OTHER 0.2%**  |  |  |
| **Greystone CRE Notes LLC** <br>5.231% due 01/15/2043 •  | 5100 | 5113 |
| **LoanCore Issuer Ltd.** <br>5.493% due 01/17/2037 •  | 867 | 868 |
|  |  | 5981 |
| **HOME EQUITY OTHER 4.1%**  |  |  |
| **Aames Mortgage Investment Trust** <br>5.151% due 06/25/2035 •  | 5270 | 4772 |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.446% due 02/25/2036 •  | 7 | 7 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 3.351% due 04/25/2034 •  | 618 | 610 |
| 4.521% due 01/25/2036 •  | 200 | 200 |
| **Argent Securities Trust** <br>4.386% due 05/25/2036 •  | 536 | 129 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.896% due 08/25/2037 •  | 193 | 176 |
| 5.096% due 08/25/2037 •  | 34 | 34 |
| 5.646% due 07/25/2035 •  | 7555 | 7591 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.896% due 01/25/2037 •  | 6193 | 6451 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 4.326% due 06/25/2036 •  | 1512 | 1466 |
| 4.641% due 09/25/2035 •  | 446 | 447 |
| 4.671% due 02/25/2035 •  | 947 | 951 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.346% due 08/25/2036 •  | 891 | 883 |
| **Countrywide Asset-Backed Certificates** <br>4.546% due 11/25/2036 •  | 675 | 591 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.106% due 11/25/2037 •  | 3022 | 2873 |
| 4.124% due 02/25/2036 ~  | 7250 | 6897 |
| 4.136% due 11/25/2037 •  | 4316 | 4145 |
| 4.242% due 10/25/2046 ~  | 56 | 59 |
| 4.286% due 09/25/2037 •  | 46 | 49 |
| 4.306% due 05/25/2037 •  | 1471 | 1447 |
| 4.426% due 06/25/2037 •  | 2181 | 2147 |
| 5.006% due 10/25/2035 ~  | 570 | 569 |
| 5.456% due 07/25/2035 ~  | 31 | 31 |
| **Fieldstone Mortgage Investment Trust** <br>4.389% due 11/25/2036 •  | 1652 | 1087 |
| **First NLC Trust**  |  |  |
| 3.986% due 08/25/2037 •  | 124 | 63 |
| 4.126% due 08/25/2037 •  | 83 | 42 |
| **GSAA Home Equity Trust**  |  |  |
| 4.186% due 09/25/2036 •  | 891 | 195 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.326% due 11/25/2036 •  | 10518 | 3321 |
| 4.446% due 03/25/2037 •  | 166 | 66 |
| 4.446% due 05/25/2047 •  | 92 | 57 |
| **GSAMP Trust** <br>4.346% due 05/25/2046 •  | 2033 | 1974 |
| **Home Equity Asset Trust** <br>4.406% due 08/25/2036 •  | 1857 | 1850 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 3.986% due 11/25/2036 •  | 3869 | 3648 |
| 4.036% due 04/25/2037 •  | 2922 | 2001 |
| 4.086% due 11/25/2036 •  | 1600 | 1349 |
| 4.506% due 03/25/2036 •  | 5715 | 5459 |
| **JP Morgan Mortgage Acquisition Corp.**  |  |  |
| 4.356% due 02/25/2036 •  | 2348 | 2334 |
| 4.776% due 12/25/2035 •  | 1067 | 1056 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.146% due 07/25/2036 •  | 837 | 393 |
| **Long Beach Mortgage Loan Trust** <br>4.596% due 02/25/2034 •  | 630 | 624 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.166% due 11/25/2036 •  | 17021 | 10107 |
| 4.671% due 10/25/2034 •  | 172 | 168 |
| **MASTR Specialized Loan Trust** <br>4.971% due 11/25/2035 •  | 1880 | 1815 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 1.631% due 04/25/2047 •  | 891 | 343 |
| 4.366% due 03/25/2037 •  | 670 | 637 |
| 4.486% due 03/25/2037 •  | 350 | 332 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.936% due 01/25/2037 •  | 437 | 202 |
| 3.986% due 10/25/2036 •  | 1616 | 713 |
| 4.046% due 09/25/2036 •  | 1398 | 485 |
| 4.066% due 10/25/2036 •  | 979 | 432 |
| 4.641% due 03/25/2034 •  | 335 | 362 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.196% due 04/25/2037 •  | 137 | 71 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 6.000% due 04/25/2037 ~  | 10459 | 3512 |
| 6.226% due 10/25/2036 þ  | 173 | 46 |
| **Nationstar Home Equity Loan Trust** <br>4.296% due 03/25/2037 •  | 3000 | 2774 |
| **New Century Home Equity Loan Trust** <br>4.731% due 05/25/2034 •  | 2754 | 2881 |
| **Option One Mortgage Loan Trust**  |  |  |
| 3.986% due 03/25/2037 •  | 180 | 167 |
| 4.286% due 01/25/2037 •  | 305 | 180 |
| 4.346% due 07/25/2036 •  | 1203 | 723 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 4.786% due 05/25/2034 •  | 1050 | 952 |
| 5.612% due 04/25/2037 þ  | 927 | 232 |
| **Residential Asset Mortgage Products Trust** <br>4.286% due 12/25/2036 •  | 247 | 246 |
| **Residential Asset Securities Corporation Trust** <br>4.941% due 03/25/2035 •  | 1026 | 1032 |
| **Saxon Asset Securities Trust**  |  |  |
| 4.146% due 05/25/2047 •  | 10431 | 7774 |
| 4.246% due 09/25/2047 •  | 4446 | 4202 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.966% due 12/25/2036 •  | 219 | 46 |
| 4.106% due 01/25/2037 •  | 4726 | 4550 |
| 4.806% due 10/25/2035 •  | 3151 | 2395 |
| **SG Mortgage Securities Trust** <br>4.266% due 10/25/2036 •  | 2000 | 1603 |
| **Soundview Home Loan Trust**  |  |  |
| 3.996% due 06/25/2037 •  | 2134 | 1441 |
| 4.366% due 02/25/2037 •  | 1214 | 325 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.646% due 07/25/2034 •  | 2993 | 3090 |
| 4.746% due 04/25/2035 •  | 11000 | 10524 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>3.373% due 11/25/2037 •  | 558 | 546 |
|  |  | 132952 |
| **HOME EQUITY SEQUENTIAL 0.1%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.166% due 01/25/2037 •  | 457 | 258 |
| 4.286% due 01/25/2037 •  | 1958 | 1103 |
| **Morgan Stanley Mortgage Loan Trust** <br>4.566% due 04/25/2037 •  | 195 | 52 |
|  |  | 1413 |
| **WHOLE LOAN COLLATERAL 0.4%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.646% due 09/25/2046 •  | 1122 | 1092 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.236% due 06/25/2037 •  | 207 | 207 |
| 7.250% due 05/25/2036 þ  | 122 | 60 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.017% due 07/25/2034 •  | 13 | 13 |
| 4.326% due 10/25/2036 •  | 720 | 477 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.606% due 12/25/2035 •  | 277 | 275 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.266% due 11/25/2036 •  | 22687 | 6232 |
| 4.426% due 12/25/2035 •  | 181 | 179 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.386% due 04/25/2037 •  | 4524 | 3363 |
| 4.602% due 12/25/2036 •  | 140 | 137 |
|  |  | 12035 |
| **OTHER ABS 3.8%**  |  |  |
| **AMMC CLO 27 Ltd.** <br>4.964% due 01/20/2037 •  | 1100 | 1100 |
| **Anchorage Capital CLO 20 Ltd.** <br>4.984% due 01/20/2035 •  | 1000 | 1000 |
| **Anchorage Credit Funding 1 Ltd.** <br>3.900% due 07/28/2037 | 1011 | 1003 |
| **Anchorage Credit Funding 19 Ltd.**  |  |  |
| 5.036% due 10/25/2040  | 1800 | 1800 |
| 5.336% due 10/25/2040  | 1400 | 1398 |
| **Anchorage Credit Funding 7 Ltd.** <br>4.620% due 04/25/2037 | 716 | 716 |
| **Anchorage Credit Funding 8 Ltd.** <br>4.430% due 07/25/2037 | 888 | 886 |
| **ARES LXII CLO Ltd.**  |  |  |
| 4.928% due 01/25/2034 •  | 1300 | 1300 |
| 5.258% due 01/25/2034 •  | 3100 | 3111 |
| **BHG Securitization Trust** <br>5.170% due 09/17/2036 | 7500 | 7586 |
| **Capital Street Master Trust** <br>5.324% due 10/16/2028 •  | 2400 | 2401 |
| **CarVal CLO I Ltd.** <br>5.124% due 07/16/2031 •  | 979 | 979 |
| **College Avenue Student Loans LLC**  |  |  |
| 5.524% due 06/25/2054 •  | 3227 | 3250 |
| 6.500% due 06/25/2054  | 3914 | 4099 |
| 7.330% due 06/25/2054  | 1961 | 2054 |
| 7.580% due 06/25/2054  | 1721 | 1807 |
| 8.210% due 06/25/2054  | 444 | 470 |
| 10.120% due 06/25/2054  | 510 | 539 |
| **Cumulus Static CLO DAC** <br>3.264% due 11/15/2033 •  | 2945 | 3467 |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | $3000 | 3000 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 3300 | 3298 |
| **Navient Student Loan Trust**  |  |  |
| 5.684% due 03/15/2072 •  | 624 | 630 |
| 7.230% due 03/15/2072  | 500 | 542 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.650% due 08/20/2054  | 5500 | 5485 |
| 4.670% due 06/22/2065  | 6594 | 6577 |
| 4.840% due 05/17/2055  | 2152 | 2161 |
| 5.334% due 05/17/2055 •  | 2714 | 2736 |
| **Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.** <br>5.140% due 10/25/2036 •  | 2300 | 2303 |
| **Oportun Funding Trust**  |  |  |
| 4.960% due 08/16/2032  | 205 | 205 |
| 5.240% due 08/16/2032  | 600 | 602 |
| 5.780% due 08/16/2032  | 500 | 503 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 0.000% due 04/15/2032 «~  | 700 | 327 |
| 4.883% due 04/15/2033  | 10000 | 9974 |
| 5.329% due 10/15/2032  | 2300 | 2312 |
| 5.440% due 03/15/2033  | 4500 | 4521 |
| 5.617% due 04/15/2032 «  | 638 | 639 |
| 5.639% due 10/15/2032  | 2700 | 2712 |
| 5.823% due 04/15/2032 «  | 450 | 451 |
| 6.261% due 04/15/2032 «  | 470 | 472 |
| 10.273% due 04/15/2032 «  | 580 | 569 |
| **Pagaya AI Debt Grantor Trust & Pagaya AI Debt Trust** <br>6.093% due 11/15/2031 | 143 | 144 |
| **Parallel Ltd.** <br>5.015% due 07/15/2034 •  | 1900 | 1897 |
| **Silver Rock CLO II Ltd.** <br>4.924% due 01/20/2035 •  | 1300 | 1300 |
| **SMB Private Education Loan Trust**  |  |  |
| 5.634% due 09/15/2053 •  | 4801 | 4888 |
| 6.150% due 09/15/2053  | 2958 | 3117 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.930% due 09/15/2053  | 1996 | 2126 |
| 7.540% due 09/15/2053  | 408 | 433 |
| 8.870% due 09/15/2053  | 842 | 919 |
| **Start II Ltd.** <br>4.089% due 03/15/2044 | 180 | 180 |
| **Switch ABS Issuer LLC** <br>5.121% due 10/25/2055 | 7100 | 7101 |
| **UPG HI Issuer Trust** <br>5.000% due 09/25/2047 | 7500 | 7502 |
| **Voya CLO Ltd.** <br>4.944% due 04/20/2034 •  | 3300 | 3300 |
|  |  | 121892 |
| Total Asset-Backed Securities (Cost $434,303) |  | 427321 |
| **SOVEREIGN ISSUES 17.8%**  |  |  |
| **Abu Dhabi Government International Bonds**  |  |  |
| 2.700% due 09/02/2070  | 4900 | 2756 |
| 3.875% due 04/16/2050  | 11900 | 9587 |
| **Angola Government International Bonds** <br>9.125% due 11/26/2049 | 4700 | 4040 |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 10118 | 8645 |
| 3.500% due 07/09/2041 þ  | 26580 | 18446 |
| 4.125% due 07/09/2035 þ  | 3241 | 2418 |
| **Avenir Issuer IV Ireland DAC** <br>6.000% due 10/25/2027 | 3870 | 3731 |
| **Bank Gospodarstwa Krajowego**  |  |  |
| 5.750% due 07/09/2034  | 2725 | 2872 |
| 6.250% due 10/31/2028  | 2700 | 2867 |
| **Brazil Government International Bonds** <br>7.250% due 01/12/2056 | 4864 | 4829 |
| **Chile Government International Bonds**  |  |  |
| 3.100% due 05/07/2041  | 4700 | 3632 |
| 3.750% due 01/14/2032  | 3100 | 3707 |
| **Colombia Government International Bonds**  |  |  |
| 4.500% due 01/28/2026  | $7100 | 7093 |
| 5.750% due 11/26/2034  | 1800 | 2053 |
| 6.500% due 11/26/2038  | 700 | 797 |
| 7.500% due 02/02/2034  | $5500 | 5748 |
| **Costa Rica Government International Bonds**  |  |  |
| 5.500% due 11/21/2030  | 3500 | 4218 |
| 6.125% due 02/19/2031  | $1000 | 1056 |
| 7.300% due 11/13/2054  | 1700 | 1914 |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 826000 | 1692 |
| **Dominican Republic International Bonds**  |  |  |
| 4.875% due 09/23/2032  | $3550 | 3425 |
| 5.875% due 01/30/2060  | 3100 | 2771 |
| 6.500% due 02/15/2048  | 1250 | 1254 |
| 6.850% due 01/27/2045  | 4800 | 5011 |
| 6.950% due 03/15/2037  | 2000 | 2149 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 13750 | 14023 |
| **Ecuador Government International Bonds**  |  |  |
| 0.000% due 07/31/2030 (g)  | 585 | 501 |
| 5.000% due 07/31/2040 þ  | 2778 | 2173 |
| 6.900% due 07/31/2030 þ  | 825 | 818 |
| 6.900% due 07/31/2035 þ  | 9503 | 8401 |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 384300 | 8068 |
| **Egypt Government International Bonds**  |  |  |
| 6.375% due 04/11/2031  | 12800 | 15480 |
| 7.500% due 02/16/2061  | $4000 | 3492 |
| 8.750% due 09/30/2051  | 1900 | 1906 |
| **El Salvador Government International Bonds**  |  |  |
| 9.250% due 04/17/2030  | 1525 | 1663 |
| 9.650% due 11/21/2054  | 2750 | 3156 |
| **European Union** <br>3.000% due 12/04/2034 | 34300 | 40061 |
| **Gabon Government International Bonds** <br>9.500% due 02/18/2029 | $3200 | 2780 |
| **Ghana Government International Bonds**  |  |  |
| 0.000% due 07/03/2026 (g)  | 200 | 196 |
| 0.000% due 01/03/2030 (g)  | 591 | 524 |
| 5.000% due 07/03/2029 þ  | 5520 | 5434 |
| 5.000% due 07/03/2035 þ  | 4343 | 3984 |
| **Guatemala Government Bonds**  |  |  |
| 3.700% due 10/07/2033  | 2100 | 1886 |
| 4.500% due 05/03/2026  | 4000 | 4000 |
| 4.900% due 06/01/2030  | 1400 | 1400 |
| 5.375% due 04/24/2032  | 700 | 709 |
| 6.125% due 06/01/2050  | 1400 | 1375 |
| **Hungary Government International Bonds**  |  |  |
| 3.125% due 09/21/2051  | 2100 | 1300 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.375% due 09/26/2030  | 2200 | 2261 |
| 5.375% due 09/12/2033  | 9200 | 11577 |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 4600 | 5248 |
| 5.250% due 03/22/2030  | 3300 | 3894 |
| 5.875% due 10/17/2031  | 2000 | 2370 |
| 8.250% due 01/30/2037  | $900 | 980 |
| **Japan Government Thirty Year Bonds** <br>3.200% due 09/20/2055 | 140000 | 867 |
| **Lebanon Government International Bonds**  |  |  |
| 6.000% due 01/27/2049 ^(d)  | $3925 | 917 |
| 6.850% due 03/23/2027 ^(d)  | 3925 | 918 |
| **Mexico Government International Bonds**  |  |  |
| 3.771% due 05/24/2061  | 29126 | 18036 |
| 4.280% due 08/14/2041  | 724 | 584 |
| 4.400% due 02/12/2052  | 1007 | 737 |
| 4.750% due 04/27/2032  | 1600 | 1561 |
| 5.000% due 04/27/2051  | 2000 | 1613 |
| 5.125% due 03/19/2038  | 2600 | 3040 |
| 5.750% due 10/12/2110  | $2000 | 1685 |
| 6.625% due 01/29/2038  | 5800 | 6067 |
| **Nigeria Government International Bonds**  |  |  |
| 7.143% due 02/23/2030  | 3000 | 3116 |
| 7.375% due 09/28/2033  | 1600 | 1632 |
| 7.875% due 02/16/2032  | 3000 | 3142 |
| 8.631% due 01/13/2036  | 2700 | 2903 |
| 9.130% due 01/13/2046  | 2100 | 2260 |
| **North Macedonia Government International Bonds** <br>3.675% due 06/03/2026 | 2000 | 2353 |
| **Oman Government International Bonds**  |  |  |
| 5.625% due 01/17/2028  | $5400 | 5533 |
| 6.000% due 08/01/2029  | 800 | 839 |
| 6.750% due 01/17/2048  | 4980 | 5496 |
| **Pakistan Government International Bonds**  |  |  |
| 6.000% due 04/08/2026  | 4600 | 4595 |
| 7.375% due 04/08/2031 (m)  | 2200 | 2192 |
| **Panama Government International Bonds**  |  |  |
| 4.500% due 04/16/2050  | 1300 | 1007 |
| 6.400% due 02/14/2035 (m)  | 4900 | 5180 |
| 6.700% due 01/26/2036 (m)  | 10200 | 10999 |
| **Paraguay Government International Bonds**  |  |  |
| 5.600% due 03/13/2048  | 1500 | 1451 |
| 6.000% due 02/09/2036  | 2000 | 2150 |
| **Peru Government International Bonds**  |  |  |
| 2.783% due 01/23/2031  | 2175 | 2013 |
| 5.400% due 08/12/2034  | 2700 | 802 |
| 6.150% due 08/12/2032  | 14800 | 4752 |
| 6.900% due 08/12/2037  | 5700 | 1775 |
| 8.750% due 11/21/2033  | $3440 | 4343 |
| **Provincia de Buenos Aires/Government Bonds** <br>6.625% due 09/01/2037 þ | 6429 | 4951 |
| **Republic of Cameroon International Bonds**  |  |  |
| 5.950% due 07/07/2032  | 2300 | 2288 |
| 9.500% due 07/31/2031  | $2000 | 1996 |
| **Republic of Kenya Government International Bonds**  |  |  |
| 7.875% due 10/09/2033  | 1900 | 1903 |
| 8.000% due 05/22/2032  | 1600 | 1659 |
| 8.800% due 10/09/2038  | 500 | 507 |
| 9.500% due 03/05/2036  | 2700 | 2884 |
| 9.750% due 02/16/2031  | 2100 | 2299 |
| **Republic of Poland Government International Bonds** <br>5.500% due 03/18/2054 | 4700 | 4512 |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.000% due 01/31/2030  | 39700 | 2452 |
| 8.500% due 01/31/2037  | 124900 | 7498 |
| 8.875% due 02/28/2035  | 249100 | 15698 |
| 10.500% due 12/21/2026  | 3000 | 187 |
| **Republic of South Africa Government International Bonds**  |  |  |
| 5.650% due 09/27/2047  | $3010 | 2550 |
| 5.750% due 09/30/2049  | 3500 | 2954 |
| **Republic of Uzbekistan International Bonds** <br>5.375% due 05/29/2027 | 2000 | 2404 |
| **Romania Government International Bonds**  |  |  |
| 2.000% due 04/14/2033  | 2000 | 1913 |
| 5.250% due 03/10/2030  | 1700 | 2091 |
| 5.250% due 05/30/2032  | 700 | 842 |
| 5.375% due 03/22/2031  | 2650 | 3244 |
| 5.375% due 06/07/2033  | 5400 | 6415 |
| 5.625% due 05/30/2037  | 400 | 458 |
| **Saudi Government International Bonds**  |  |  |
| 3.375% due 03/05/2032  | 3825 | 4520 |
| 3.450% due 02/02/2061  | $2000 | 1279 |
| 3.750% due 01/21/2055  | 3100 | 2198 |
| 4.500% due 10/26/2046  | 28500 | 24395 |
| 5.000% due 04/17/2049  | 300 | 272 |
| 5.375% due 01/13/2031  | 7300 | 7660 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Senegal Government International Bonds**  |  |  |
| 4.750% due 03/13/2028  | 700 | 572 |
| 5.375% due 06/08/2037  | 2600 | 1663 |
| 6.250% due 05/23/2033  | $2500 | 1459 |
| 7.750% due 06/10/2031  | 5000 | 2971 |
| **Serbia International Bonds**  |  |  |
| 1.000% due 09/23/2028  | 1700 | 1866 |
| 1.500% due 06/26/2029  | 6500 | 7094 |
| 1.650% due 03/03/2033  | 2500 | 2458 |
| 2.050% due 09/23/2036  | 900 | 825 |
| 3.125% due 05/15/2027  | 2900 | 3395 |
| **Sri Lanka Government International Bonds**  |  |  |
| 3.100% due 01/15/2030 þ  | $950 | 905 |
| 3.350% due 03/15/2033 þ  | 1863 | 1605 |
| 3.600% due 06/15/2035 þ  | 1258 | 961 |
| 3.600% due 05/15/2036 þ  | 873 | 797 |
| 3.600% due 02/15/2038 þ  | 972 | 889 |
| 4.000% due 04/15/2028  | 865 | 830 |
| **Turkiye Government Bonds**  |  |  |
| 36.000% due 08/12/2026  | 122000 | 2859 |
| 38.324% (BISTREFI + 0.000%) due 09/06/2028 ~  | 114600 | 2667 |
| **Turkiye Government International Bonds**  |  |  |
| 4.875% due 04/16/2043  | $11400 | 8822 |
| 5.125% due 02/17/2028  | 9600 | 9690 |
| 5.750% due 05/11/2047  | 3560 | 2929 |
| 6.000% due 01/14/2041  | 3500 | 3166 |
| 6.125% due 10/24/2028  | 10900 | 11280 |
| 7.625% due 04/26/2029  | 5100 | 5496 |
| 7.625% due 05/15/2034  | 6200 | 6751 |
| **Ukraine Government International Bonds**  |  |  |
| 4.500% due 02/01/2029 þ(m)  | 7581 | 5705 |
| 4.500% due 02/01/2034 þ  | 7095 | 4346 |
| 4.500% due 02/01/2035 þ  | 188 | 113 |
| **Venezuela Government International Bonds**  |  |  |
| 7.000% due 03/31/2038 ^(d)  | 12900 | 3825 |
| 7.650% due 04/21/2035 ^(d)  | 900 | 256 |
| 9.250% due 09/15/2027 ^(d)  | 2900 | 968 |
| 9.250% due 05/07/2028 ^(d)  | 900 | 287 |
| **Vietnam Government International Bonds** <br>5.500% due 03/12/2028 þ(m) | 3513 | 3369 |
| Total Sovereign Issues (Cost $558,254) |  | 573777 |
|  | SHARES |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |
| **Clear Channel Outdoor Holdings, Inc. (e)** | 228414 | 505 |
| **SES SA «(e)** | 72646 | 1129 |
|  |  | 1634 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Caesars Entertainment, Inc. (e)** | 4701 | 110 |
| **FINANCIALS 0.0%**  |  |  |
| **Hipotecaria Su Casita SA «(e)** | 157773 | 0 |
| **Unity Bancorp, Inc. «(e)** | 60014 | 404 |
|  |  | 404 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Luxco Co. Ltd. «(e)(k)** | 18520 | 327 |
| **Mcdermott International Ltd. (e)** | 115 | 2 |
| **Spirit Aviation Holdings, Inc. (e)** | 26823 | 7 |
|  |  | 336 |
| Total Common Stocks (Cost $3,261) |  | 2484 |
| **WARRANTS 0.0%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **Windstream Holdings II LLC - Exp. 08/01/2035 «** | 11691 | 79 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Spirit Aviation Holdings, Inc. - Exp. 03/11/2035 «** | 30487 | 2 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Warrants (Cost $447) |  | 81 |
| **PREFERRED SECURITIES 0.2%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **Brighthouse Holdings LLC**<br>6.500% due 07/27/2037 þ(h) | 400000 | 339 |
| **Charles Schwab Corp.**  |  |  |
| 4.000% due 12/01/2030 (h) | 2400000 | 2243 |
| 5.000% due 12/01/2027 (h) | 4200000 | 4122 |
| **Nationwide Building Society**<br>10.250% | 4258 | 749 |
| **Windstream Holdings II LLC** « | 383 | 380 |
| Total Preferred Securities (Cost $8,082) |  | 7833 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.7%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> **3.850% (j)** | 207397 | 207 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (l) 0.1%** |  | 2200 |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **Upgrade Auto Receivables Trust**<br>4.234% due 10/15/2026 | $3303 | 3305 |
| **NIGERIA TREASURY BILLS 0.2%**  |  |  |
| 28.424% due 06/11/2026 - 06/30/2026 (f)(g) | 12409452 | 7827 |
| **SOUTH AFRICA TREASURY BILLS 0.3%**  |  |  |
| 7.329% due 05/06/2026 - 08/19/2026 (f)(g) | 150600 | 8818 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.745% due 01/27/2026 - 04/21/2026 (f)(g)(o)(q) | $518 | 514 |
| Total Short-Term Instruments (Cost $22,087) |  | 22871 |
| Total Investments in Securities (Cost $3,544,183) |  | 3492759 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 9.5%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.5%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.5%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 31600929 | 307825 |
| Total Short-Term Instruments (Cost $307,349) |  | 307825 |
| Total Investments in Affiliates (Cost $307,349) |  | 307825 |
| Total Investments 117.9% (Cost $3,851,532) |  | $3800584 |
| **Financial Derivative Instruments (n)(p) (0.1)**%(Cost or Premiums, net $31,079) |  | (4106) |
| Other Assets and Liabilities, net (17.8)% |  | (571816) |
| Net Assets 100.0% |  | $3224662 |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 22 | 43 | 121 | 133 | 156 | 191 | 200 | 207 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(d)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(e)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(f)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(g)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(h)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(i)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(j)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(k)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | 10/27/2025 | 647 | 647 | 647 | 647 | 0.02 |
| Credit Opportunities Partners LLC 6.520% due 03/20/2028 | Credit Opportunities Partners LLC 6.520% due 03/20/2028 | Credit Opportunities Partners LLC 6.520% due 03/20/2028 | 02/20/2025 | 2700 | 2700 | 2733 | 2733 | 0.09 |
| Deloitte LLP 5.250% due 01/30/2030 | Deloitte LLP 5.250% due 01/30/2030 | Deloitte LLP 5.250% due 01/30/2030 | 10/30/2024 | 2000 | 2000 | 2041 | 2041 | 0.06 |
| Deloitte LLP 5.410% due 01/30/2032 | Deloitte LLP 5.410% due 01/30/2032 | Deloitte LLP 5.410% due 01/30/2032 | 10/30/2024 | 2000 | 2000 | 2045 | 2045 | 0.06 |
| Deloitte LLP 5.590% due 01/30/2035 | Deloitte LLP 5.590% due 01/30/2035 | Deloitte LLP 5.590% due 01/30/2035 | 10/30/2024 | 2000 | 2000 | 2037 | 2037 | 0.06 |
| Deloitte LLP 5.690% due 01/30/2037 | Deloitte LLP 5.690% due 01/30/2037 | Deloitte LLP 5.690% due 01/30/2037 | 10/30/2024 | 500 | 500 | 507 | 507 | 0.02 |
| Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | 03/11/2025 | 2400 | 2400 | 2426 | 2426 | 0.08 |
| Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | 03/11/2025 | 1500 | 1500 | 1525 | 1525 | 0.05 |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | 10/01/2025 | 326 | 326 | 327 | 327 | 0.01 |
| National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | 03/14/2024 | 6600 | 6600 | 6752 | 6752 | 0.21 |
| National Football League 5.580% due 10/05/2033 | National Football League 5.580% due 10/05/2033 | National Football League 5.580% due 10/05/2033 | 03/14/2024 | 5000 | 5000 | 5105 | 5105 | 0.16 |
| Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | 03/18/2025 | 1000 | 1000 | 1000 | 1000 | 0.03 |
| Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | 02/28/2025 | 588 | 588 | 666 | 666 | 0.02 |
| Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | 09/18/2024 | 2600 | 2600 | 2614 | 2614 | 0.08 |
| VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 | 01/31/2025 | 4300 | 4300 | 4619 | 4619 | 0.14 |
|  |  |  | $ | 34161 | $ | 35044 | 1.09%  | 1.09%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(l)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/02/2026 | $2200 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (2240) | 2200 | $ | $2200 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(2240)** | **2200** | **$** | $**2200** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| MYI | MYI | (1.250)%  | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | (657) | $(657) | (657) | (657) |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

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

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 6 | 15 | 21 | 32 | 36 | 38 | 54 | 62 | 72 | 87 | 91 | 108 | 120 | 141 | 151 | 165 | 177 | 187 | 191 | 207 |
|  |  |  |  |  |  |  | 3.250  | 3.250  | 3.250  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (4038) | (4038) | (4038) |  | (4046) | (4046) |
|  |  |  |  |  |  |  | 3.450  | 3.450  | 3.450  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (402) | (402) | (402) |  | (403) | (403) |
|  |  |  |  |  |  |  | 3.500  | 3.500  | 3.500  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (8180) | (8180) | (8180) |  | (8197) | (8197) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  |  | **$** | $**(13303)** | **(13303)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% | U.S. Government Agencies (2.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000% | 01/01/2056 | 01/01/2056 | 17800 | 17800 | $ | (14461) | (14461) | (14461) | $(14393) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 02/01/2056 | 02/01/2056 | 92000 | 92000 |  | (74571) | (74571) | (74571) | (74372) |
| **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** | **Total Short Sales (2.8)%** |  |  |  |  |  | **$** | **(89032)** | **(89032)** | **(89032)** | $**(88765)** |
| **(m)** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,431 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5146) at a weighted average interest rate of 3.117%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 249 | 249 | 21935 | 21935 | 21935 | $(229) | (229) | (229) | 0 | 0 | 0 | $ | (53) |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 03/2026 | 767 | 767 | 104704 | 104704 | 104704 | (749) | (749) | (749) | 0 | 0 | 0 |  | (72) |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 194 | 194 | 29085 | 29085 | 29085 | (397) | (397) | (397) | 0 | 0 | 0 |  | (52) |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 57 | 57 | 7377 | 7377 | 7377 | (154) | (154) | (154) | 0 | 0 | 0 |  | (23) |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 03/2026 | 1335 | 1335 | 167542 | 167542 | 167542 | (233) | (233) | (233) | 0 | 0 | 0 |  | (16) |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 03/2026 | 452 | 452 | 55669 | 55669 | 55669 | 491 | 491 | 491 | 97 | 97 | 97 |  | (43) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 236 | 236 | 49274 | 49274 | 49274 | 9 | 9 | 9 | 0 | 0 | 0 |  | (16) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1334 | 1334 | 145812 | 145812 | 145812 | (394) | (394) | (394) | 0 | 0 | 0 |  | (137) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1309 | 1309 | 147181 | 147181 | 147181 | (220) | (220) | (220) | 0 | 0 | 0 |  | (266) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 329 | 329 | 38822 | 38822 | 38822 | (168) | (168) | (168) | 0 | 0 | 0 |  | (123) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1529 | 1529 | 175859 | 175859 | 175859 | (411) | (411) | (411) | 0 | 0 | 0 |  | (287) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2455) | (2455) | $ | 97 | 97 | 97 | $ | (1088) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 03/2026 | 135 | 135 | (19132) | (19132) | (19132) | $177 | 177 | 177 | 46 | 46 | 46 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(2278)** | **(2278)** | **$** | **143** | **143** | **143** | **$** | **(1088)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 1.000% | Quarterly | 06/20/2028 | 0.414 | 0.414 | 0.414 | $ | $3700 | 3700 | $(39) | (39) | $ | 91 | $52 | 52 | 52 | $0 | 0 | 0 | $(1) |
| Boeing Co.  | Boeing Co.  | 1.000 | Quarterly | 06/20/2026 | 0.217 | 0.217 | 0.217 |  | 300 | 300 | (2) | (2) |  | 3 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Bombardier, Inc.  | Bombardier, Inc.  | 5.000 | Quarterly | 12/20/2027 | 0.409 | 0.409 | 0.409 |  | 2000 | 2000 | (15) | (15) |  | 194 | 179 | 179 | 179 | 1 | 1 | 1 | 0 |
| Charter Communications  | Charter Communications  | 5.000 | Quarterly | 12/20/2030 | 2.703 | 2.703 | 2.703 |  | 1500 | 1500 | 149 | 149 |  | 1 | 150 | 150 | 150 | 1 | 1 | 1 | 0 |
| Ford Motor Credit Co. LLC  | Ford Motor Credit Co. LLC  | 5.000 | Quarterly | 06/20/2027 | 0.778 | 0.778 | 0.778 |  | 400 | 400 | 21 | 21 |  | 4 | 25 | 25 | 25 | 0 | 0 | 0 | 0 |
| Glencore Finance  | Glencore Finance  | 5.000 | Quarterly | 12/20/2031 | 1.026 | 1.026 | 1.026 | EUR | 3400 | 3400 | 770 | 770 |  | 106 | 876 | 876 | 876 | 0 | 0 | 0 | (3) |
| ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | Quarterly | 12/20/2029 | 2.897 | 2.897 | 2.897 |  | 10200 | 10200 | 786 | 786 |  | 133 | 919 | 919 | 919 | 37 | 37 | 37 | 0 |

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<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 6 | 13 | 15 | 16 | 18 | 21 | 30 | 32 | 33 | 60 | 62 | 89 | 102 | 115 | 134 | 165 | 179 | 194 | 209 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 3.148 | 3.148 |  | 1700 | 69 |  | 80 |  | 149 | 7 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1739 | 1739 | 612 | 612 | 2351 | 46 | 46 | (4) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000% | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 57300 | 57300 | (1124) | $ | 525 | $ | (599) | 17 | $ | 0 |
| CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 99 | 99 | 1 |  | 7 |  | 8 | 0 |  | 0 |
| CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 26100 | 26100 | 2081 |  | (59) |  | 2022 | 0 |  | (14) |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 4300 | 4300 | 328 |  | 19 |  | 347 | 0 |  | (2) |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 131500 | 131500 | 9921 |  | 301 |  | 10222 | 0 |  | (54) |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 33600 | 33600 | 716 |  | 48 |  | 764 | 0 |  | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 153600 | 153600 | 3458 |  | 67 |  | 3525 | 2 |  | 0 |
| iTraxx Crossover 44 5-Year Index  | iTraxx Crossover 44 5-Year Index  | iTraxx Crossover 44 5-Year Index  | iTraxx Crossover 44 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 11240 | 11240 | 1378 |  | 104 |  | 1482 | 18 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16759 | $ | 1012 | $ | 17771 | 37 | $ | (70) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750% | 3.750% | 3.750% | Annual | Annual | 12/18/2029 | $65400 | 65400 | $(381) | (381) | $(483) | (483) | (864) | $85 | 85 | $0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | 3.250 | Annual | Annual | 06/18/2030 | 96500 | 96500 | 1164 | 1164 | 59 | 59 | 1223 | 145 | 145 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 06/20/2031 | 24700 | 24700 | (806) | (806) | 556 | 556 | (250) | 42 | 42 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 12/17/2032 | 77600 | 77600 | (1070) | (1070) | 330 | 330 | (740) | 144 | 144 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | 3.250 | Annual | Annual | 03/19/2035 | 64800 | 64800 | 4127 | 4127 | (1074) | (1074) | 3053 | 145 | 145 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | 3.250 | Annual | Annual | 06/18/2035 | 28900 | 28900 | 1336 | 1336 | 1 | 1 | 1337 | 65 | 65 | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.736 | 3.736 | 3.736 | Annual | Annual | 08/15/2035 | 82300 | 82300 | 0 | 0 | 222 | 222 | 222 | 188 | 188 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | 3.551 | 3.551 | Annual | Annual | 09/17/2035 | 5900 | 5900 | (17) | (17) | 135 | 135 | 118 | 14 | 14 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | 3.250 | Annual | Annual | 06/18/2055 | 32600 | 32600 | 4446 | 4446 | 867 | 867 | 5313 | 100 | 100 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.926 | 13.926 | 13.926 | Maturity | Maturity | 01/04/2027 | 14200 | 14200 | 0 | 0 | (12) | (12) | (12) | 0 | 0 | (2) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.927 | 13.927 | 13.927 | Maturity | Maturity | 01/04/2027 | 112800 | 112800 | 0 | 0 | (95) | (95) | (95) | 0 | 0 | (18) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.905 | 12.905 | 12.905 | Maturity | Maturity | 01/02/2029 | 7800 | 7800 | 0 | 0 | (10) | (10) | (10) | 0 | 0 | (3) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.258 | 13.258 | 13.258 | Maturity | Maturity | 01/02/2029 | 82200 | 82200 | 0 | 0 | 47 | 47 | 47 | 14 | 14 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.291 | 13.291 | 13.291 | Maturity | Maturity | 01/02/2029 | 74600 | 74600 | 0 | 0 | (71) | (71) | (71) | 0 | 0 | (26) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.320 | 13.320 | 13.320 | Maturity | Maturity | 01/02/2029 | 77000 | 77000 | 4 | 4 | 14 | 14 | 18 | 7 | 7 | (2) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.867 | 12.867 | 12.867 | Maturity | Maturity | 01/02/2031 | 57900 | 57900 | 0 | 0 | (223) | (223) | (223) | 0 | 0 | (102) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 2.750 | 2.750 | 2.750 | Semi-Annual | Semi-Annual | 06/17/2026 | 34600 | 34600 | 3287 | 3287 | (3439) | (3439) | (152) | 0 | 0 | (2) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.750 | 4.750 | 4.750 | Semi-Annual | Semi-Annual | 12/20/2033 | 86800 | 86800 | 627 | 627 | (951) | (951) | (324) | 0 | 0 | (47) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | 4.250 | 4.250 | Semi-Annual | Semi-Annual | 03/18/2036 | 27600 | 27600 | 73 | 73 | (905) | (905) | (832) | 0 | 0 | (33) |
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.365 | 3.365 | 3.365 | Annual | Annual | 11/28/2029 | 174100 | 174100 | (79) | (79) | (43) | (43) | (122) | 9 | 9 | 0 |
| Receive | Receive | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.575 | 3.575 | 3.575 | Annual | Annual | 07/03/2030 | 156465 | 156465 | 115 | 115 | (49) | (49) | 66 | 0 | 0 | (13) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | 2.500 | Annual | Annual | 03/18/2031 | 14600 | 14600 | 52 | 52 | (142) | (142) | (90) | 0 | 0 | (11) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.450 | 2.450 | 2.450 | Annual | Annual | 05/05/2035 | 1000 | 1000 | (3) | (3) | 31 | 31 | 28 | 1 | 1 | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | 2.750 | 2.750 | Annual | Annual | 03/18/2036 | 23000 | 23000 | (373) | (373) | (113) | (113) | (486) | 0 | 0 | (32) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | 3.000 | 3.000 | Annual | Annual | 03/18/2056 | 17900 | 17900 | 692 | 692 | 375 | 375 | 1067 | 60 | 60 | 0 |
| Pay | Pay | CAONREPO | CAONREPO | CAONREPO | CAONREPO | 2.500 | 2.500 | 2.500 | Semi-Annual | Semi-Annual | 12/17/2030 | 800 | 800 | 0 | 0 | (8) | (8) | (8) | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13194 | $ | (4981) | $ | 8213 | 1019 | $ | (292) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **31692** | **$** | **(3357)** | **$** | **28335** | **1102** | **$** | **(366)** |
| **(o)** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $50,980 and cash of $16,122 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(p)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 9190 | $1670 | 1670 | $0 | $(7) |
|  |  | 01/2026  | 1826 | 20 | 20 | 0 | 0 |
|  |  | 01/2026  | $1697 | 9190 | 9190 | 0 | (20) |
|  |  | 01/2026  | 322 | 1179 | 1179 | 7 | 0 |
|  |  | 01/2026  | 165 | 5217 | 5217 | 1 | 0 |
|  |  | 01/2026  | 649 | 10825 | 10825 | 3 | 0 |
|  |  | 02/2026  | 2617 | $821 | 821 | 0 | 0 |
|  |  | 03/2026  | 47354 | 90 | 90 | 0 | (1) |
|  |  | 03/2026  | 23695 | 7029 | 7029 | 0 | (2) |
|  |  | 05/2026  | 31284 | 1810 | 1810 | 0 | (61) |
|  |  | 08/2026  | 35423 | 2034 | 2034 | 0 | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 2733 | 1776 | 1776 | 0 | (47) |
|  |  | 01/2026  | 104144 | 18927 | 18927 | 0 | (78) |
|  |  | 01/2026  | 293 | 372 | 372 | 2 | 0 |
|  |  | 01/2026  | 447178 | 14330 | 14330 | 82 | 0 |
|  |  | 01/2026  | $19110 | 104144 | 104144 | 0 | (105) |
|  |  | 01/2026  | 2703 | 18909 | 18909 | 8 | 0 |
|  |  | 01/2026  | 3395 | 2890 | 2890 | 6 | (2) |
|  |  | 01/2026  | 282 | 4716964 | 4716964 | 1 | 0 |
|  |  | 01/2026  | 18180 | 1645263 | 1645263 | 105 | 0 |
|  |  | 01/2026  | 1629 | 5881 | 5881 | 9 | 0 |
|  |  | 01/2026  | 4209 | 132515 | 132515 | 10 | 0 |
|  |  | 01/2026  | 1429 | 23828 | 23828 | 8 | 0 |
|  |  | 01/2026  | 10090 | $603 | 603 | 0 | (5) |
|  |  | 02/2026  | $801 | 72210 | 72210 | 0 | 0 |
|  |  | 02/2026  | 2012 | 63158 | 63158 | 0 | (4) |
|  |  | 03/2026  | 4175 | $201 | 201 | 0 | (3) |
|  |  | 05/2026  | 34127 | 1929 | 1929 | 0 | (114) |
|  |  | 06/2026  | $55 | 17 | 17 | 0 | 0 |
|  |  | 07/2026  | 84 | 26 | 26 | 0 | 0 |
|  |  | 05/2030  | 1467 | $5053 | 5053 | 178 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 1128 | 352 | 352 | 0 | (2) |
|  |  | 01/2026  | 3115325 | 2121 | 2121 | 0 | (40) |
|  |  | 01/2026  | $1659 | 1430 | 1430 | 22 | 0 |
|  |  | 01/2026  | 50 | 183 | 183 | 1 | 0 |
|  |  | 01/2026  | 4021 | 181446 | 181446 | 143 | 0 |
|  |  | 01/2026  | 24465 | $1412 | 1412 | 0 | (63) |
|  |  | 02/2026  | 1127 | 350 | 350 | 0 | (4) |
|  |  | 02/2026  | 9317 | 205 | 205 | 0 | (6) |
|  |  | 02/2026  | $3429 | 156678 | 156678 | 87 | 0 |
|  |  | 03/2026  | 10322 | 470529 | 470529 | 132 | 0 |
|  |  | 12/2026  | 1430 | $81 | 81 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | $3717 | 578511 | 578511 | 0 | (21) |
|  |  | 02/2026  | 33324 | $9618 | 9618 | 0 | (280) |
|  |  | 03/2026  | $2171 | 7370 | 7370 | 14 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 1428 | $949 | 949 | 0 | (4) |
|  |  | 01/2026  | 8047 | 1463 | 1463 | 0 | (6) |
|  |  | 01/2026  | 2546 | 2967 | 2967 | 0 | (26) |
|  |  | 01/2026  | 1566 | 2071 | 2071 | 0 | (39) |
|  |  | 01/2026  | 2007 | 197 | 197 | 0 | (2) |
|  |  | 01/2026  | 11658 | 6776 | 6776 | 61 | 0 |
|  |  | 01/2026  | 3897 | 3023 | 3023 | 0 | (11) |
|  |  | 01/2026  | $1485 | 8047 | 8047 | 0 | (16) |
|  |  | 01/2026  | 2206 | 15397 | 15397 | 4 | 0 |
|  |  | 01/2026  | 8508 | 7266 | 7266 | 34 | 0 |
|  |  | 01/2026  | 8539 | 30785 | 30785 | 36 | 0 |
|  |  | 01/2026  | 3 | 101 | 101 | 0 | 0 |
|  |  | 01/2026  | 191 | 6035 | 6035 | 1 | 0 |
|  |  | 01/2026  | 239 | 4048 | 4048 | 5 | 0 |
|  |  | 01/2026  | 127055 | $7437 | 7437 | 0 | (224) |
|  |  | 02/2026  | 2083 | 655 | 655 | 1 | 0 |
|  |  | 02/2026  | $50 | 1578 | 1578 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 1886 | $586 | 586 | 0 | (6) |

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<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | $1053 | 3360 | 2 | 0 |
|  | 01/2026  | 807 | 1181593 | 12 | 0 |
|  | 01/2026  | 599 | 10071 | 8 | 0 |
|  | 01/2026  | 43657 | $2506 | 0 | (127) |
|  | 02/2026  | 3359 | 1053 | 0 | (2) |
|  | 02/2026  | $14 | 4621 | 0 | 0 |
|  | 02/2026  | 42 | 63869 | 2 | 0 |
|  | 02/2026  | 68 | 2131 | 0 | 0 |
|  | 03/2026  | 47344 | $92 | 0 | 0 |
|  | 03/2026  | $1437 | 798502 | 102 | 0 |
|  | 06/2026  | 315180 | $586 | 0 | (8) |
|  | 09/2026  | 7911326 | 621 | 0 | (3) |
|  | 12/2026  | 13089639 | 1007 | 0 | (6) |
|  | 12/2026  | 1908 | 108 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 6243 | 4058 | 0 | (109) |
|  | 01/2026  | 35228 | 46261 | 0 | (1224) |
|  | 01/2026  | 5830 | 1712 | 0 | (21) |
|  | 01/2026  | $254 | 1785 | 3 | 0 |
|  | 01/2026  | 558 | 1788 | 4 | 0 |
|  | 01/2026  | 12306 | 228262 | 341 | 0 |
|  | 01/2026  | 616 | 2257 | 13 | 0 |
|  | 01/2026  | 591 | 9913 | 7 | 0 |
|  | 01/2026  | 30232 | $1758 | 0 | (65) |
|  | 02/2026  | 1787 | 558 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 132224 | 23603 | 0 | (527) |
|  | 01/2026  | 1175 | 1466 | 0 | (19) |
|  | 01/2026  | 97188 | 13810 | 0 | (135) |
|  | 01/2026  | 129561 | 88 | 0 | (1) |
|  | 01/2026  | $24030 | 132224 | 99 | 0 |
|  | 01/2026  | 31 | 101 | 0 | 0 |
|  | 01/2026  | 180 | 259122 | 0 | (1) |
|  | 01/2026  | 244 | 891 | 4 | 0 |
|  | 01/2026  | 25716 | $1493 | 0 | (58) |
|  | 02/2026  | $10968 | 60288 | 0 | (49) |
|  | 03/2026  | 214 | $39 | 0 | 0 |
|  | 04/2026  | $23603 | 135146 | 553 | 0 |
|  | 04/2026  | 10757 | 195996 | 17 | 0 |
|  | 08/2026  | 49288 | $2765 | 0 | (165) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 17642 | 12841 | 0 | (19) |
|  | 01/2026  | 12599213 | 755 | 1 | 0 |
|  | 01/2026  | 16673 | 5208 | 0 | (27) |
|  | 01/2026  | 788 | 42 | 0 | (1) |
|  | 01/2026  | 1120 | 651 | 6 | 0 |
|  | 01/2026  | $3039 | 21367 | 27 | 0 |
|  | 01/2026  | 51 | 165 | 1 | 0 |
|  | 01/2026  | 504 | 1854 | 13 | 0 |
|  | 01/2026  | 8240 | $480 | 0 | (17) |
|  | 06/2027  | 2520971 | 187 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 16967 | 11313 | 0 | (11) |
|  | 01/2026  | 1541 | 1095 | 0 | (28) |
|  | 01/2026  | 1836 | 2315 | 0 | (5) |
|  | 01/2026  | 16006 | 18681 | 0 | (138) |
|  | 01/2026  | 835 | 1122 | 0 | (4) |
|  | 01/2026  | 2437300 | 15680 | 108 | 0 |
|  | 01/2026  | 1778 | 1026 | 3 | (1) |
|  | 01/2026  | 18650 | 14374 | 0 | (145) |
|  | 01/2026  | $12119 | 9071 | 108 | 0 |
|  | 01/2026  | 203 | 31680 | 0 | (1) |
|  | 01/2026  | 255 | 8046 | 1 | 0 |
|  | 03/2026  | 69057 | $2217 | 22 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 4 | 1 | 0 | 0 |
|  | 01/2026  | $189 | 3253 | 7 | 0 |
|  | 02/2026  | 4123 | $1280 | 0 | (14) |
|  | 02/2026  | $43 | 64094 | 1 | 0 |
|  | 04/2026  | 8258 | 150428 | 12 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 1324 | 1936955 | 20 | 0 |
|  | 03/2026  | 1572 | $34 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 10920 | 120 | 0 | (1) |
|  | 01/2026  | 397600 | 2545 | 5 | 0 |
|  | 01/2026  | $505 | 3560 | 6 | 0 |
|  | 01/2026  | 469 | 7845946 | 1 | 0 |
|  | 01/2026  | 2886 | 448764 | 0 | (19) |
|  | 01/2026  | 338 | 520313 | 21 | 0 |
|  | 01/2026  | 2213 | 69201 | 0 | (10) |
|  | 06/2026  | 33426 | $62 | 0 | (1) |
|  | 11/2026  | 72731 | 45 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 10345 | 1880 | 0 | (8) |
|  | 01/2026  | 216705 | 250893 | 0 | (3888) |
|  | 01/2026  | 2081 | 1606 | 0 | (14) |
|  | 01/2026  | $1864 | 10345 | 24 | 0 |
|  | 01/2026  | 10734 | 1678757 | 0 | (9) |
|  | 03/2026  | 21 | $6 | 0 | 0 |
|  | 03/2026  | $0 | 4 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 1299 | 4674 | 3 | 0 |
|  | 01/2026  | 42707 | $2456 | 0 | (120) |

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------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 8 | 29 | 41 | 45 | 61 | 63 | 85 | 97 | 98 | 109 | 125 | 139 | 146 | 155 | 180 | 186 | 198 | 212 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**2518** | **2518** | **2518** | **2518** | **$** | **(8282)** | **(8282)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| GLM | GLM | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | 47.700 | 47.700 | 02/09/2026 | 02/09/2026 | 2000 | 2000 | $ | (36) | (36) | (36) | $(13) | (13) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(36)** | **(36)** | **(36)** | $**(13)** | **(13)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  |  | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | BOA | Panama Government International Bonds  | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.245% | $ | $ | $3300 | $ | (36) | (36) | $1 | 1 | $0 | 0 | $(35) |
|  |  | Romania Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 1.282 |  |  | 10100 |  | (505) | (505) | 392 | 392 | 0 | 0 | (113) |
| BPS | BPS | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.221 |  |  | 1500 |  | 8 | 8 | (2) | (2) | 6 | 6 | 0 |
| CBK | CBK | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 5.525 |  |  | 1500 |  | (176) | (176) | 168 | 168 | 0 | 0 | (8) |
|  |  | Panama Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.245 |  |  | 800 |  | (11) | (11) | 2 | 2 | 0 | 0 | (9) |
| DUB | DUB | Eskom « | 4.650 | Quarterly | Quarterly | 06/30/2029 | 06/30/2029 |  |  |  | 5000 |  | 0 | 0 | 293 | 293 | 293 | 293 | 0 |
|  |  | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | 07/06/2026 | 07/06/2026 |  |  |  | 2965 |  | 0 | 0 | 26 | 26 | 26 | 26 | 0 |
| GST | GST | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 5.525 |  |  | 1100 |  | (128) | (128) | 122 | 122 | 0 | 0 | (6) |
|  |  | Indonesia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.689 |  |  | 1500 |  | 12 | 12 | 10 | 10 | 22 | 22 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.534 |  |  | 600 |  | (6) | (6) | 14 | 14 | 8 | 8 | 0 |
|  |  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.706 |  |  | 7900 |  | (67) | (67) | 43 | 43 | 0 | 0 | (24) |
| JPM | JPM | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.221 |  |  | 1100 |  | (9) | (9) | 13 | 13 | 4 | 4 | 0 |
|  |  | Panama Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.245 |  |  | 970 |  | (12) | (12) | 2 | 2 | 0 | 0 | (10) |
|  |  | Poland Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.448 |  |  | 5000 |  | 65 | 65 | 27 | 27 | 92 | 92 | 0 |
| MYC | MYC | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 5.239 |  |  | 900 |  | (68) | (68) | 67 | 67 | 0 | 0 | (1) |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.290 |  |  | 3600 |  | 10 | 10 | 16 | 16 | 26 | 26 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.362 |  |  | 1300 |  | (4) | (4) | 16 | 16 | 12 | 12 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.480 |  |  | 900 |  | (17) | (17) | 28 | 28 | 11 | 11 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.534 |  |  | 3900 |  | (41) | (41) | 94 | 94 | 53 | 53 | 0 |
|  |  | Panama Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1.245 |  |  | 1130 |  | (14) | (14) | 2 | 2 | 0 | 0 | (12) |
|  |  | Turkiye Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.796 |  |  | 4000 |  | (1067) | (1067) | 1080 | 1080 | 13 | 13 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | (2066) | (2066) | $2414 | 2414 | $566 | 566 | $(218) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| BOA | BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | 12/20/2030 | EUR | EUR | 500 | $ | 116 | 116 | 2 | $ | 118 | 118 | 0 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  |  | 2000 |  | 461 | 461 | 10 |  | 471 | 471 | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  |  | 900 |  | 204 | 204 | 8 |  | 212 | 212 | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  |  | 3100 |  | 708 | 708 | 23 |  | 731 | 731 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 1489 | 1489 | $43 | 43 | $1532 | 1532 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(577)** | **(577)** | $**2457** | **2457** | $**2098** | **2098** | $**(218)** |
| **(q)** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,908 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |

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<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | $116922 | $68679 | $185601 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 393595 | 24432 | 418027 |
| Industrials | Industrials | 0 | 786679 | 12187 | 798866 |
| Utilities | Utilities | 0 | 143920 | 40 | 143960 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 3149 | 0 | 3149 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 571252 | 0 | 571252 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 132231 | 0 | 132231 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 164653 | 40653 | 205306 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | 0 | 75456 | 0 | 75456 |
| Automobile Sequential | Automobile Sequential | 0 | 77592 | 0 | 77592 |
| CMBS Other | CMBS Other | 0 | 5981 | 0 | 5981 |
| Home Equity Other | Home Equity Other | 0 | 132952 | 0 | 132952 |
| Home Equity Sequential | Home Equity Sequential | 0 | 1413 | 0 | 1413 |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 12035 | 0 | 12035 |
| Other ABS | Other ABS | 0 | 119434 | 2458 | 121892 |
| Sovereign Issues | Sovereign Issues | 0 | 573777 | 0 | 573777 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | 505 | 0 | 1129 | 1634 |
| Consumer Discretionary | Consumer Discretionary | 110 | 0 | 0 | 110 |
| Financials | Financials | 0 | 0 | 404 | 404 |
| Industrials | Industrials | 9 | 0 | 327 | 336 |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Communication Services | Communication Services | 0 | 0 | 79 | 79 |
| Industrials | Industrials | 0 | 0 | 2 | 2 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 749 | 6704 | 380 | 7833 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 0 | 207 | 0 | 207 |
| Repurchase Agreements | Repurchase Agreements | 0 | 2200 | 0 | 2200 |
| Short-Term Notes | Short-Term Notes | 0 | 3305 | 0 | 3305 |
| Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 7827 | 0 | 7827 |
| South Africa Treasury Bills | South Africa Treasury Bills | 0 | 8818 | 0 | 8818 |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 514 | 0 | 514 |
|  |  | $1373 | $3340616 | $150770 | $3492759 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $307825 | $0 | $0 | $307825 |
| Total Investments | Total Investments | $309198 | $3340616 | $150770 | $3800584 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | (88765) | 0 | (88765) |
|  |  | $0 | $(88765) | $0 | $(88765) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 143 | 1102 | 0 | 1245 |
| Over the counter | Over the counter | 0 | 4297 | 319 | 4616 |
|  |  | $143 | $5399 | $319 | $5861 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (259) | (1195) | 0 | (1454) |
| Over the counter | Over the counter | 0 | (8513) | 0 | (8513) |
|  |  | $(259) | $(9708) | $0 | $(9967) |

---

------

<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 11 | 12 | 27 | 39 | 42 | 66 | 72 | 86 | 94 | 106 | 117 | 126 | 139 | 150 | 158 | 164 | 174 | 184 | 206 | 210 |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(116) | (116) | (116) | $(4309) | (4309) | (4309) | $319 | 319 | 319 | $ | $ | (4106) |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | $309082 | 309082 | 309082 | $3247542 | 3247542 | 3247542 | $151089 | 151089 | 151089 | $ | $ | 3707713 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $60541 | 60541 | 24408 | $ | $(18705) | $ | 183 | $341 | $ | 3093 | $ | $4713 | 4713 | $(5895) | (5895) | (5895) | $ | 68679 | $ | 2305 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 17498 | 11112 |  | (6600) |  | 0 | 0 |  | 2422 |  | 0 | 0 | 0 | 0 | 0 |  | 24432 |  | 2465 |
| Industrials |  | 13682 | 0 |  | (1742) |  | 0 | 0 |  | 711 |  | 0 | 0 | (464) | (464) | (464) |  | 12187 |  | 176 |
| Utilities |  | 0 | 28 |  | 0 |  | 0 | 0 |  | 12 |  | 0 | 0 | 0 | 0 | 0 |  | 40 |  | 12 |
| Non-Agency Mortgage-Backed Securities | 6582 | 6582 | 37269 |  | 0 |  | 40 | 0 |  | 1149 |  | 0 | 0 | (4387) | (4387) | (4387) |  | 40653 |  | 834 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Other ABS | 3777 | 3777 |  |  | (1010) |  | 10 | 0 |  | (319) |  | 0 | 0 | 0 | 0 | 0 |  | 2458 |  | (317) |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services |  | 1123 | 0 |  | (884) |  | 0 | 429 |  | 461 |  | 0 | 0 | 0 | 0 | 0 |  | 1129 |  | 1129 |
| Financials |  | 2447 | 366 |  | (2568) |  | 0 | (3606) |  | 3765 |  | 0 | 0 | 0 | 0 | 0 |  | 404 |  | 38 |
| Industrials |  | 402 | 1319 |  | (782) |  | 0 | (211) |  | (394) |  | 0 | 0 | (7) | (7) | (7) |  | 327 |  | 1 |
| Warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services |  | 0 | 71 |  | 0 |  | 0 | 0 |  | 8 |  | 0 | 0 | 0 | 0 | 0 |  | 79 |  | 7 |
| Financials |  | 5 | 0 |  | (30) |  | 0 | 16 |  | 9 |  | 0 | 0 | 0 | 0 | 0 |  | 0 |  | 0 |
| Industrials |  | 457 | 0 |  | 0 |  | 0 | 0 |  | (455) |  | 0 | 0 | 0 | 0 | 0 |  | 2 |  | (455) |
| Preferred Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 0 | 383 |  | 0 |  | 0 | 0 |  | (3) |  | 0 | 0 | 0 | 0 | 0 |  | 380 |  | (2) |
|  | $106514 | 106514 | 74956 | $ | $(32321) | $ | 233 | $(3031) | $ | 10459 | $ | $4713 | 4713 | $(10753) | (10753) | (10753) | $ | 150770 | $ | 6193 |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | $332 | 332 | 0 | $ | $(13) | $ | 0 | $0 | $ | 0 | $ | $0 | 0 | $0 | 0 | 0 | $ | 319 | $ | 0 |
| Totals | $106846 | 106846 | 74956 | $ | $(32334) | $ | 233 | $(3031) | $ | 10459 | $ | $4713 | 4713 | $(10753) | (10753) | (10753) | $ | 151089 | $ | 6193 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs |  | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments |  |  |  |  |  |  |  |  |  |  |  |  |  | - | - | - |  |  |
|  |  |  | $37757 | 37757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 3.939 – 75.000 | 3.939 – 75.000 | 3.939 – 75.000 | 6.209 | 6.209 |
|  |  |  | 4872 | 4872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 95.550 | 95.550 | 95.550 |  |  |
|  |  |  | 13135 | 13135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price |  | 98.000 – 99.000 | 98.000 – 99.000 | 98.000 – 99.000 | 98.112 | 98.112 |
|  |  |  | 12915 | 12915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 100.250 – 100.500 | 100.250 – 100.500 | 100.250 – 100.500 | 100.341 | 100.341 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance |  |  |  |  |  |  |  |  |  |  |  |  |  | - | - | - |  |  |
|  |  |  | 19349 | 19349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 4.360 – 5.930 | 4.360 – 5.930 | 4.360 – 5.930 | 5.147 | 5.147 |
|  |  |  | 3103 | 3103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Price | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Price | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Price | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Price | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price |  | 99.972 | 99.972 | 99.972 |  |  |
|  |  |  | 1980 | 1980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 7.250 | 7.250 | 7.250 |  |  |
| Industrials | Industrials | Industrials | 11857 | 11857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 4.500 – 5.240 | 4.500 – 5.240 | 4.500 – 5.240 | 4.858 | 4.858 |
|  |  |  | 330 | 330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery |  | 6.000 | 6.000 | 6.000 |  |  |
| Utilities | Utilities | Utilities | 40 | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | EU<br> R | 14.125 | 14.125 | 14.125 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 2614 | 2614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 6.309 | 6.309 | 6.309 |  |  |
|  |  |  | 38039 | 38039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price |  | 100.000 | 100.000 | 100.000 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Other ABS | Other ABS | Other ABS | 2458 | 2458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 5.957 – 20.000 | 5.957 – 20.000 | 5.957 – 20.000 | 9.237 | 9.237 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | Communication Services | 1129 | 1129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $ | $15.542 | 15.542 | 15.542 |  |  |
| Financials | Financials | Financials | 404 | 404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference instrument | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference instrument | &nbsp;&nbsp;&nbsp;&nbsp; Price w/Liquidity Discount | &nbsp;&nbsp;&nbsp;&nbsp; Price w/Liquidity Discount | &nbsp;&nbsp;&nbsp;&nbsp; Price w/Liquidity Discount | &nbsp;&nbsp;&nbsp;&nbsp; Price w/Liquidity Discount | &nbsp;&nbsp;&nbsp;&nbsp; Price w/Liquidity Discount |  | 4.130 | 4.130 | 4.130 |  |  |
| Industrials | Industrials | Industrials | 327 | 327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | EU<br> R | 15.012 | 15.012 | 15.012 |  |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Communication Services | Communication Services | Communication Services | 79 | 79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp; Volatility | &nbsp;&nbsp;&nbsp;&nbsp; Volatility | &nbsp;&nbsp;&nbsp;&nbsp; Volatility | &nbsp;&nbsp;&nbsp;&nbsp; Volatility | &nbsp;&nbsp;&nbsp;&nbsp; Volatility |  |  |  |  |  |  |
| Industrials | Industrials | Industrials | 2 | 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Valuattions<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Valuattions<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Valuattions<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Valuattions<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Valuattions<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |  | - | - | - |  |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |

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<br> Schedule of Investments PIMCO Diversified Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 27 | 40 | 99 | 164 | 206 |
| Banking & Finance | Banking & Finance | 380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 11.780 |  |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | 319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broker Quote | 0.497- 5.818 | 5.5461 |
| Total | Total | $151089 |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(3)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 152.2% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.5%**  |  |  |
| **American Airlines, Inc.**<br>6.134% - 8.448% (TSFR3M + 2.250%) due 04/20/2028 ~ | $3881 | $3895 |
| **INEOS U.S. Finance LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 02/18/2030 ~ | 1865 | 1518 |
| **IRB Holding Corp.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 12/16/2030 ~ | 6203 | 6225 |
| **LifePoint Health, Inc.**  |  |  |
| 7.335% (TSFR1M + 3.500%) due 05/19/2031 ~ | 2469 | 2476 |
| 7.655% (TSFR3M + 3.750%) due 05/19/2031 ~ | 5190 | 5213 |
| **MI Windows & Doors LLC**<br>6.466% - 7.831% (TSFR1M + 2.750%) due 03/28/2031 ~ | 788 | 790 |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 1900 | 2237 |
| **Project Flash**<br>TBD% - 9.912% (TSFR1M + 2.500%) due 01/09/2028 «~µ | $1000 | 992 |
| **Project Nova**<br>7.080% - 7.284% due 08/31/2026 «~ | 600 | 600 |
| **Quikrete Holdings, Inc.**<br>5.966% - 8.949% (TSFR1M + 2.250%) due 02/10/2032 ~ | 1191 | 1196 |
| **SkyMiles IP Ltd.**<br>5.384% - 9.485% (TSFR3M + 1.500%) due 10/20/2028 ~ | 276 | 279 |
| **Spa Holdings 3 OY**<br>7.934% (TSFR3M + 4.000%) due 02/04/2028 ~ | 1621 | 1633 |
| **Stepstone Group MidCo 2 GmbH**<br>6.599% - 7.723% (EUR006M + 4.500%) due 04/26/2032 ~ | 4700 | 5233 |
| **Telecom Serbia**<br>3.522% - 9.719% (EUR006M + 1.350%) due 06/11/2029 «~ | 6000 | 7052 |
| **X Corp.**<br>9.500% due 10/26/2029 ~ | $2200 | 2196 |
| Total Loan Participations and Assignments (Cost $40,383) |  | 41535 |
| **CORPORATE BONDS & NOTES 18.3%**  |  |  |
| **BANKING & FINANCE 10.0%**  |  |  |
| **Aircastle Ltd./Aircastle Ireland DAC** <br>5.750% due 10/01/2031 | 1900 | 1981 |
| **Alamo Re Ltd.** <br>15.460% (FHMMUSTF + 11.880%) due 06/08/2026 ~ | 1800 | 1880 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 2100 | 1915 |
| **American Honda Finance Corp.** <br>4.544% due 08/13/2027 •  | 6100 | 6114 |
| **American Tower Corp.**  |  |  |
| 1.875% due 10/15/2030  | 1700 | 1520 |
| 2.100% due 06/15/2030  | 700 | 636 |
| 3.650% due 03/15/2027  | 4500 | 4483 |
| 4.050% due 03/15/2032  | 700 | 682 |
| **Armor RE II Ltd.** <br>13.810% (BRMMUSDF + 10.200%) due 05/07/2031 ~ | 500 | 538 |
| **Athene Global Funding** <br>3.054% (EUR003M + 1.000%) due 02/23/2027 ~ | 3200 | 3779 |
| **Aviation Capital Group LLC** <br>5.375% due 07/15/2029 | $2000 | 2050 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.125% due 02/21/2026  | 161 | 160 |
| 2.528% due 11/18/2027  | 4 | 4 |
| 4.950% due 01/15/2028  | 3600 | 3645 |
| 4.950% due 10/15/2032  | 800 | 793 |
| 5.150% due 01/15/2030  | 2000 | 2034 |
| **Banca Monte dei Paschi di Siena SpA** <br>7.708% due 01/18/2028 •  | 2500 | 3190 |
| **Banco Santander SA** <br>4.175% due 03/24/2028 •  | $5000 | 5003 |
| **Bank of America Corp.** <br>5.202% due 04/25/2029 •  | 1700 | 1744 |
| **Barclays PLC**  |  |  |
| 2.894% due 11/24/2032 •  | 4400 | 4011 |
| 4.337% due 01/10/2028  | 800 | 802 |
| 4.375% due 01/12/2026  | 900 | 900 |
| 4.836% due 05/09/2028  | 350 | 353 |
| 4.972% due 05/16/2029 •  | 1900 | 1932 |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 7.385% due 11/02/2028 •  | 1000 | 1057 |
| 7.437% due 11/02/2033 •  | 1800 | 2059 |
| **Bayou Re Ltd.** <br>11.962% (BNMMDTSC + 8.332%) due 04/30/2031 ~ | 500 | 530 |
| **Blue Owl Finance LLC** <br>3.125% due 06/10/2031 | 1900 | 1725 |
| **BNP Paribas SA**  |  |  |
| 1.904% due 09/30/2028 •  | 3200 | 3082 |
| 2.159% due 09/15/2029 •  | 6400 | 6060 |
| 3.052% due 01/13/2031 •  | 4100 | 3884 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 7800 | 7950 |
| **Cape Lookout Re Ltd.**  |  |  |
| 10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~  | 1400 | 1484 |
| 12.287% (GSMMUSTF + 8.702%) due 04/05/2027 ~  | 2300 | 2384 |
| **CI Financial Corp.** <br>4.625% due 12/12/2031 | 1000 | 1184 |
| **Cooperatieve Rabobank UA** <br>5.500% due 10/05/2026 | $1900 | 1925 |
| **Corp0hrg0** <br>5.330% due 06/07/2035 «(l) | 600 | 617 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 | 4300 | 1356 |
| **Credit Suisse AG AT1 Claim**  | $8700 | 2566 |
| **CTP NV** <br>0.625% due 09/27/2026 | 1000 | 1160 |
| **Deutsche Bank AG**  |  |  |
| 3.547% due 09/18/2031 •  | $5600 | 5347 |
| 3.729% due 01/14/2032 •  | 1700 | 1607 |
| 5.882% due 07/08/2031 •  | 1700 | 1766 |
| **Equinix, Inc.**  |  |  |
| 0.250% due 03/15/2027  | 1400 | 1607 |
| 3.900% due 04/15/2032  | $3000 | 2884 |
| **Everglades Re II Ltd.**  |  |  |
| 14.121% (GSMMUSTI + 10.500%) due 05/13/2031 ~  | 400 | 422 |
| 15.121% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 400 | 422 |
| 16.371% (GSMMUSTI + 12.750%) due 05/13/2031 ~  | 400 | 425 |
| **Extra Space Storage LP** <br>2.350% due 03/15/2032 | 1300 | 1139 |
| **Fairfax Financial Holdings Ltd.** <br>4.625% due 04/29/2030 | 2900 | 2912 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 5.850% due 05/17/2027  | 400 | 406 |
| 5.918% due 03/20/2028  | 1600 | 1638 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.640% due 02/24/2028 •  | 4100 | 4037 |
| 3.615% due 03/15/2028 •  | 4600 | 4576 |
| 3.691% due 06/05/2028 •  | 16100 | 16019 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 600 | 624 |
| **Hardwood Funding LLC**  |  |  |
| 4.840% due 06/07/2028 «(l)  | 1300 | 1314 |
| 5.160% due 06/07/2032 «(l)  | 2400 | 2455 |
| **Host Hotels & Resorts LP** <br>5.500% due 04/15/2035 | 2000 | 2025 |
| **HSBC Holdings PLC** <br>5.875% due 09/28/2026 •(i)(j) | 6200 | 8386 |
| **ICBC Standard Bank PLC** <br>20.000% due 12/13/2029 « | 14960000 | 1245 |
| **ING Groep NV** <br>4.017% due 03/28/2028 •  | $3500 | 3501 |
| **Intercontinental Exchange, Inc.** <br>1.850% due 09/15/2032 | 1400 | 1193 |
| **Intesa Sanpaolo SpA** <br>7.750% due 01/11/2027 •(i)(j) | 1700 | 2083 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.947% due 02/24/2028 •  | $8200 | 8103 |
| 2.963% due 01/25/2033 •  | 9200 | 8446 |
| 4.005% due 04/23/2029 •  | 500 | 500 |
| **JPMorgan Chase Bank NA** <br>5.110% due 12/08/2026 | 1050 | 1062 |
| **KKR Group Finance Co. XII LLC** <br>4.850% due 05/17/2032 | 1000 | 1006 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1600 | 1887 |
| **Lazard Group LLC** <br>6.000% due 03/15/2031 | $1900 | 2015 |
| **Lloyds Banking Group PLC** <br>3.750% due 03/18/2028 •  | 1900 | 1894 |
| **Longleaf Pine Re Ltd.** <br>21.553% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 600 | 660 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>2.559% due 02/25/2030 | 1000 | 935 |
| **Mizuho Financial Group, Inc.** <br>3.261% due 05/22/2030 •  | 3800 | 3680 |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Morgan Stanley** <br>4.431% due 01/23/2030 •  | 1400 | 1408 |
| **Nationwide Building Society** <br>4.302% due 03/08/2029 •  | 13500 | 13527 |
| **Nature Coast Re Ltd.** <br>13.371% (GSMMUSTI + 9.750%) due 04/10/2033 ~ | 800 | 831 |
| **NatWest Group PLC**  |  |  |
| 4.892% due 05/18/2029 •  | 2200 | 2239 |
| 5.125% due 05/12/2027 •(i)(j)  | 1700 | 2279 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 1.850% due 09/16/2026  | $1100 | 1077 |
| 2.450% due 09/15/2028  | 600 | 558 |
| **Palm RE Ltd.** <br>11.380% (BNMMDTSC + 7.750%) due 06/07/2032 ~ | 400 | 418 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (g) | 4800 | 3707 |
| **Polestar Re Ltd.**  |  |  |
| 14.110% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 500 | 526 |
| 16.860% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 2300 | 2400 |
| **Purple Re Ltd.** <br>12.786% (JMMMUSTF + 9.126%) due 06/06/2031 ~ | 700 | 737 |
| **RLJ Lodging Trust LP** <br>4.000% due 09/15/2029 (n) | 1100 | 1044 |
| **Santander Holdings USA, Inc.** <br>3.244% due 10/05/2026 | 2400 | 2386 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 3.823% due 11/03/2028 •  | 650 | 646 |
| 4.320% due 09/22/2029 •  | 1500 | 1502 |
| **Sirius Real Estate Ltd.** <br>1.125% due 06/22/2026 | 1900 | 2217 |
| **SMBC Aviation Capital Finance DAC** <br>2.300% due 06/15/2028 | $2000 | 1913 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>2.222% due 09/17/2031 | 4800 | 4273 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.696% (JMMMUSTF + 6.036%) due 06/07/2032 ~  | 600 | 628 |
| 10.766% (JMMMUSTF + 7.106%) due 06/07/2032 ~  | 400 | 417 |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | 3250 | 3019 |
| 4.194% due 04/01/2031 •  | 3000 | 2972 |
| 4.375% due 02/10/2031 •(i)(j)  | 400 | 368 |
| 6.327% due 12/22/2027 •  | 5700 | 5820 |
| **Unigel Netherlands Holding Corp. BV (15.000% Cash or 15.000% PIK)** <br>15.000% due 12/31/2044 ^(c)(d) | 2431 | 79 |
| **Ursa Re Ltd.** <br>11.121% (GSMMUSTI + 7.500%) due 02/22/2028 ~ | 1400 | 1428 |
| **Veraison Re Ltd.** <br>8.621% (GSMMUSTI + 5.000%) due 03/08/2033 ~ | 300 | 309 |
| **Vitality Re XVI Ltd.**  |  |  |
| 5.370% (MSMMUSTF + 1.750%) due 01/08/2030 ~  | 300 | 300 |
| 7.370% (MSMMUSTF + 3.750%) due 01/08/2030 ~  | 300 | 301 |
| **Wells Fargo & Co.**  |  |  |
| 3.526% due 03/24/2028 •  | 9700 | 9639 |
| 3.584% due 05/22/2028 •  | 4950 | 4919 |
| **Weyerhaeuser Co.** <br>4.000% due 04/15/2030 | 5100 | 5036 |
| **Winston RE Ltd.** <br>10.130% (BNMMDTSC + 6.500%) due 02/21/2028 ~ | 250 | 258 |
|  |  | 266574 |
| **INDUSTRIALS 6.6%**  |  |  |
| **Air Canada** <br>4.625% due 08/15/2029 | 800 | 583 |
| **Altice France Lux 3/Altice Holdings 1** <br>10.000% due 01/15/2033 (n) | $514 | 472 |
| **Altice France SA**  |  |  |
| 5.625% due 07/15/2032  | 2079 | 2331 |
| 6.875% due 07/15/2032  | $2156 | 2069 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.150% due 08/15/2033  | 351 | 332 |
| 3.350% due 04/15/2031  | 1307 | 1270 |
| 3.375% due 11/01/2028  | 190 | 187 |
| 3.575% due 07/15/2029  | 458 | 453 |
| 3.650% due 08/15/2030  | 591 | 581 |
| 3.700% due 04/01/2028  | 966 | 963 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.**  |  |  |
| 5.500% due 04/20/2026  | 317 | 317 |
| 5.750% due 04/20/2029 (n)  | 500 | 509 |
| **Ashtead Capital, Inc.**  |  |  |
| 5.800% due 04/15/2034  | 1000 | 1049 |
| 5.950% due 10/15/2033  | 4600 | 4869 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 600 | 601 |
| **Bayer U.S. Finance LLC** <br>6.375% due 11/21/2030 | 1900 | 2032 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **BCP V Modular Services Finance II PLC** <br>4.750% due 11/30/2028 | 6000 | 6683 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $26500 | 28021 |
| **Booz Allen Hamilton, Inc.** <br>5.950% due 08/04/2033 | 1000 | 1042 |
| **Broadcom, Inc.**  |  |  |
| 4.000% due 04/15/2029  | 3100 | 3088 |
| 4.150% due 04/15/2032  | 3100 | 3036 |
| **Centene Corp.** <br>4.250% due 12/15/2027 | 1700 | 1691 |
| **Cheniere Corpus Christi Holdings LLC** <br>5.125% due 06/30/2027 | 9500 | 9595 |
| **Constellation Brands, Inc.**  |  |  |
| 4.350% due 05/09/2027  | 3300 | 3314 |
| 4.750% due 05/09/2032  | 300 | 301 |
| **Eni SpA** <br>5.500% due 05/15/2034 (n) | 1900 | 1959 |
| **Expand Energy Corp.** <br>5.875% due 02/01/2029 | 300 | 300 |
| **FactSet Research Systems, Inc.**  |  |  |
| 2.900% due 03/01/2027  | 1200 | 1183 |
| 3.450% due 03/01/2032 (n)  | 2200 | 2045 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 4500 | 5263 |
| **Frontier Communications Holdings LLC** <br>8.750% due 05/15/2030 | $4000 | 4181 |
| **Global Payments, Inc.** <br>2.900% due 11/15/2031 | 500 | 448 |
| **Haleon U.S. Capital LLC** <br>3.375% due 03/24/2027 | 3000 | 2979 |
| **Hilton Domestic Operating Co., Inc.** <br>3.750% due 05/01/2029 | 6500 | 6336 |
| **Hyundai Capital America** <br>4.875% due 06/23/2027 | 5500 | 5562 |
| **INEOS Styrolution Ludwigshafen GmbH** <br>2.250% due 01/16/2027 (n) | 2450 | 2716 |
| **Intralot Capital Luxembourg SA** <br>6.750% due 10/15/2031 | 2955 | 3464 |
| **JetBlue Pass-Through Trust** <br>4.000% due 05/15/2034 | $336 | 321 |
| **Las Vegas Sands Corp.**  |  |  |
| 5.625% due 06/15/2028  | 4600 | 4717 |
| 6.200% due 08/15/2034  | 1900 | 2003 |
| **Marriott International, Inc.** <br>2.750% due 10/15/2033 | 1700 | 1488 |
| **MSCI, Inc.** <br>3.250% due 08/15/2033 | 500 | 449 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 2.652% due 03/17/2026  | 300 | 352 |
| 4.345% due 09/17/2027  | $5200 | 5133 |
| 4.810% due 09/17/2030 (n)  | 1100 | 1038 |
| **NTT Finance Corp.**  |  |  |
| 4.567% due 07/16/2027  | 1400 | 1413 |
| 4.620% due 07/16/2028  | 1300 | 1317 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** <br>4.400% due 06/01/2027 | 1800 | 1808 |
| **Petroleos Mexicanos**  |  |  |
| 5.950% due 01/28/2031  | 2200 | 2131 |
| 10.000% due 02/07/2033  | 2300 | 2667 |
| **Sabine Pass Liquefaction LLC** <br>5.000% due 03/15/2027 | 1423 | 1433 |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 (n) | 1500 | 1530 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.250% due 11/15/2031  | 1400 | 1241 |
| 3.875% due 04/15/2030  | 2100 | 2065 |
| **TD SYNNEX Corp.** <br>2.375% due 08/09/2028 | 1300 | 1238 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 216 | 335 |
| **Unigel Luxembourg SA (11.000% Cash or 12.000% PIK)** <br>11.000% due 12/31/2028 ^(c)(d) | $2990 | 209 |
| **Unigel Luxembourg SA (13.500% Cash or 15.000% PIK)** <br>13.500% due 12/31/2027 ^(c)(d) | 1374 | 282 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 366 | 336 |
| 5.875% due 04/15/2029 (n)  | 1734 | 1780 |
| **United Airlines, Inc.**  |  |  |
| 4.375% due 04/15/2026  | 300 | 300 |
| 4.625% due 04/15/2029 (n)  | 1600 | 1594 |
| **Venture Global LNG, Inc.**  |  |  |
| 8.125% due 06/01/2028  | 370 | 375 |
| 8.375% due 06/01/2031  | 500 | 498 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 7.500% due 05/01/2033  | 3400 | 3676 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 7.750% due 05/01/2035  | 3400 | 3725 |
| **Viper Energy Partners LLC**  |  |  |
| 4.900% due 08/01/2030  | 1200 | 1215 |
| 5.700% due 08/01/2035  | 2450 | 2502 |
| **Virgin Media Secured Finance PLC** <br>5.250% due 05/15/2029 | 3700 | 4839 |
| **Vmed O2 U.K. Financing I PLC** <br>7.750% due 04/15/2032 | $4800 | 5008 |
| **Volkswagen Group of America Finance LLC** <br>4.950% due 03/25/2027 | 3300 | 3329 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 600 | 603 |
| **Zimmer Biomet Holdings, Inc.** <br>1.164% due 11/15/2027 | 1700 | 1949 |
|  |  | 176724 |
| **UTILITIES 1.7%**  |  |  |
| **Altice Holdings 1 SARL** <br>0.000% due 12/31/2099 « | 2 | 36 |
| **AT&T, Inc.** <br>4.300% due 02/15/2030 | $105 | 105 |
| **Boston Gas Co.** <br>3.757% due 03/16/2032 | 1900 | 1804 |
| **BP Capital Markets BV** <br>3.360% due 09/12/2031 | 4100 | 4857 |
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 2850 | 3618 |
| **Georgia Power Co.** <br>4.700% due 05/15/2032 | $6900 | 7007 |
| **ONEOK, Inc.** <br>6.050% due 09/01/2033 | 1800 | 1919 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.000% due 06/15/2028  | 2600 | 2522 |
| 3.150% due 01/01/2026  | 1500 | 1500 |
| 3.250% due 06/01/2031  | 2800 | 2610 |
| 3.300% due 12/01/2027  | 1000 | 985 |
| 3.950% due 12/01/2047  | 600 | 448 |
| 4.200% due 03/01/2029  | 5500 | 5468 |
| 4.300% due 03/15/2045  | 700 | 558 |
| 4.400% due 03/01/2032  | 1100 | 1074 |
| 4.450% due 04/15/2042  | 400 | 332 |
| 4.500% due 07/01/2040  | 200 | 174 |
| 4.550% due 07/01/2030  | 1000 | 996 |
| **Southern California Edison Co.** <br>4.700% due 06/01/2027 | 3100 | 3126 |
| **Southern California Gas Co.** <br>2.950% due 04/15/2027 | 5900 | 5840 |
| **Verizon Communications, Inc.**  |  |  |
| 3.996% due 06/15/2056 •  | 650 | 761 |
| 5.742% due 06/15/2056 •  | 650 | 877 |
|  |  | 46617 |
| Total Corporate Bonds & Notes (Cost $486,586) |  | 489915 |
| **MUNICIPAL BONDS & NOTES 0.3%**  |  |  |
| **CALIFORNIA 0.1%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.487% due 06/01/2036 | $2500 | 2125 |
| **ILLINOIS 0.0%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010** <br>7.350% due 07/01/2035 | 786 | 856 |
| **WEST VIRGINIA 0.2%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (g) | 34905 | 3367 |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020**  |  |  |
| 3.401% due 06/01/2034  | 400 | 352 |
| 3.501% due 06/01/2035  | 400 | 347 |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Notes, Series 2020** <br>1.820% due 06/01/2026 | 200 | 198 |
|  |  | 4264 |
| Total Municipal Bonds & Notes (Cost $9,194) |  | 7245 |
| **U.S. GOVERNMENT AGENCIES 63.7%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.000% due 07/01/2047 | 55 | 53 |
| 5.848% due 12/01/2032 •  | 1 | 1 |
| 6.000% due 04/01/2055 | 20938 | 21889 |
| 6.090% due 09/01/2035 •  | 1 | 1 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 6.481% due 08/01/2035 •  | 1 | 1 |
| 6.515% due 03/01/2036 •  | 5 | 6 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.294% due 03/15/2050 ~(a) | 17250 | 778 |
| 1.500% due 02/25/2036 (a) | 11305 | 455 |
| 2.000% due 01/25/2051 - 04/25/2051 (a) | 16518 | 1784 |
| 2.011% due 04/25/2048 - 11/25/2049 •(a) | 16732 | 2148 |
| 2.500% due 03/25/2051 (a) | 17790 | 2819 |
| 3.000% due 10/25/2049 - 11/25/2051 (a) | 21188 | 3197 |
| 3.500% due 03/25/2050 - 07/25/2051 (a) | 16293 | 3033 |
| 4.448% due 12/15/2029 •  | 9 | 9 |
| 4.500% due 03/15/2032 (a) | 456 | 35 |
| 4.673% due 08/15/2040 •  | 358 | 352 |
| 5.000% due 02/15/2048 - 05/25/2050 (a) | 4746 | 1001 |
| 5.500% due 09/15/2039 | 15 | 15 |
| 6.000% due 05/15/2035 | 31 | 32 |
| 7.500% due 08/15/2030 | 3 | 3 |
| **Federal Home Loan Mortgage Corp. STRIPS**  |  |  |
| 2.000% due 06/25/2052 (a) | 17586 | 2149 |
| 2.500% due 01/25/2052 (a) | 14184 | 2112 |
| 3.000% due 12/15/2047 - 04/25/2053 (a) | 30459 | 5020 |
| 3.500% due 06/15/2049 (a) | 2387 | 483 |
| 4.000% due 06/15/2049 (a) | 4233 | 766 |
| 5.000% due 06/25/2053 (a) | 16749 | 3730 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.316% due 07/25/2033 ~ | 1 | 1 |
| 5.429% due 07/25/2044 •  | 524 | 511 |
| 6.500% due 10/25/2043 | 29 | 30 |
| 6.555% due 09/25/2029 ~ | 11 | 11 |
| 7.000% due 07/25/2043 | 21 | 22 |
| 7.500% due 07/25/2043 - 03/25/2044 | 31 | 33 |
| 8.610% due 12/25/2030 þ | 59 | 55 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 03/01/2050 | 59424 | 53513 |
| 3.500% due 10/01/2040 - 06/01/2048 | 5420 | 5131 |
| 4.000% due 05/01/2047 - 04/01/2048 | 7286 | 7039 |
| 4.434% due 05/01/2036 •  | 0 | 1 |
| 4.855% due 12/01/2036 •  | 1 | 1 |
| 5.277% due 08/01/2042 - 10/01/2044 •  | 54 | 54 |
| 5.756% due 12/01/2034 •  | 4 | 4 |
| 6.125% due 08/01/2029 •  | 1 | 1 |
| 6.159% due 09/01/2031 •  | 3 | 3 |
| 6.252% due 05/01/2036 •  | 17 | 17 |
| 6.325% due 09/01/2034 •  | 2 | 2 |
| 6.329% due 09/01/2039 •  | 6 | 6 |
| 6.346% due 11/01/2034 •  | 36 | 38 |
| 6.420% due 12/01/2034 •  | 4 | 5 |
| 6.425% due 01/01/2036 - 03/01/2036 •  | 58 | 59 |
| 6.500% due 06/01/2036 - 08/01/2038 | 443 | 472 |
| 6.625% due 02/01/2036 •  | 20 | 21 |
| **Federal National Mortgage Association Grantor Trust**<br>6.000% due 02/25/2044 | 6 | 6 |
| **Federal National Mortgage Association Interest STRIPS**  |  |  |
| 3.000% due 03/25/2050 (a) | 6808 | 1215 |
| 5.000% due 08/25/2053 - 11/25/2053 (a) | 21327 | 4612 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 1.566% due 06/25/2050 ~(a) | 5383 | 387 |
| 2.000% due 07/25/2052 (a) | 9835 | 1258 |
| 2.111% due 06/25/2047 •(a) | 295 | 39 |
| 2.190% due 07/25/2043 •(a) | 4973 | 652 |
| 2.211% due 06/25/2048 •(a) | 5341 | 642 |
| 2.511% due 01/25/2042 •(a) | 3447 | 494 |
| 3.000% due 11/25/2051 - 01/25/2052 (a) | 13821 | 2353 |
| 3.500% due 11/25/2051 (a) | 27423 | 4947 |
| 4.177% due 03/25/2036 •  | 5 | 5 |
| 4.246% due 12/25/2036 •  | 12 | 12 |
| 4.306% due 03/25/2034 •  | 4 | 4 |
| 4.336% due 08/25/2034 •  | 1 | 1 |
| 4.339% due 03/25/2037 •  | 32 | 31 |
| 4.500% due 09/25/2053 (a) | 9934 | 2268 |
| 4.601% due 04/18/2032 •  | 7 | 7 |
| 5.000% due 01/25/2035 | 2 | 2 |
| 5.000% due 06/25/2041 (a) | 350 | 44 |
| 6.000% due 01/25/2033 - 04/25/2043 | 26 | 27 |
| 6.309% due 05/25/2035 ~ | 3 | 3 |
| 7.500% due 06/25/2032 | 8 | 8 |
| **Federal National Mortgage Association REMICS Trust**  |  |  |
| 5.311% due 02/25/2033 þ | 33 | 33 |
| 6.000% due 07/25/2044 | 23 | 24 |
| 6.089% due 10/25/2031 þ | 1 | 1 |
| **Federal National Mortgage Association Trust**  |  |  |
| 1.584% due 12/25/2042 ~(a) | 6187 | 343 |
| 4.339% due 05/25/2042 •  | 1 | 1 |
| 5.750% due 08/25/2033 | 16 | 17 |
| **Federal National Mortgage Association Whole Loan**<br>1.809% due 11/25/2046 ~(a) | 3176 | 124 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Government National Mortgage Association**  |  |  |
| 4.750% due 10/20/2027 - 10/20/2029 •  | 3 | 3 |
| 5.000% due 03/15/2039 - 05/15/2039 | 391 | 402 |
| 5.375% (H15T1Y + 1.500%) due 07/20/2026 - 09/20/2026 ~ | 1 | 0 |
| 5.375% due 07/20/2030 •  | 3 | 3 |
| 5.500% due 10/15/2034 - 03/15/2035 | 24 | 26 |
| 5.625% due 01/20/2027 - 04/20/2030 •  | 5 | 5 |
| 6.000% due 06/20/2038 | 8 | 8 |
| 8.000% due 03/20/2030 | 2 | 2 |
| **Government National Mortgage Association REMICS**  |  |  |
| 2.202% due 08/20/2049 - 09/20/2049 •(a) | 10956 | 1275 |
| 4.148% due 05/20/2037 •  | 165 | 163 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 02/01/2056 | 4400 | 3795 |
| 5.000% due 01/01/2056 - 02/01/2056 | 160400 | 159873 |
| 6.000% due 01/01/2056 - 02/01/2056 | 126900 | 129245 |
| **U.S. Small Business Administration**  |  |  |
| 5.600% due 09/01/2028 | 19 | 19 |
| 6.220% due 12/01/2028 | 17 | 17 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.000% due 01/01/2056 | 14100 | 11401 |
| 3.000% due 02/01/2056 | 25100 | 22187 |
| 4.000% due 02/01/2056 | 106200 | 100681 |
| 4.500% due 01/01/2056 | 69800 | 68151 |
| 5.000% due 02/01/2056 | 495900 | 494098 |
| 5.500% due 02/01/2056 | 60150 | 60939 |
| 6.000% due 02/01/2056 - 03/01/2056 | 409000 | 419780 |
| 6.500% due 02/01/2056 - 03/01/2056 | 86000 | 89408 |
| Total U.S. Government Agencies (Cost $1,715,880) |  | 1699943 |
| **U.S. TREASURY OBLIGATIONS 10.1%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (h)** |  |  |
| 0.625% due 07/15/2032 (p) | 47375 | 44461 |
| 1.125% due 01/15/2033 (p) | 50719 | 48683 |
| 1.375% due 07/15/2033  | 20584 | 20072 |
| 1.750% due 01/15/2034 (p) | 11970 | 11906 |
| 1.875% due 07/15/2034 (r) | 40158 | 40333 |
| **U.S. Treasury Notes**  |  |  |
| 2.500% due 03/31/2027 (p)(r) | 6300 | 6223 |
| 4.250% due 11/15/2034 (p)(r) | 95900 | 96929 |
| Total U.S. Treasury Obligations (Cost $264,547) |  | 268607 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.5%**  |  |  |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.106% due 03/25/2036 •  | 178 | 106 |
| 4.752% due 10/25/2035 ~  | 57 | 53 |
| 5.404% due 09/25/2035 ~  | 2 | 2 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.036% due 05/25/2046 •  | 192 | 173 |
| 4.949% due 11/25/2046 •  | 8120 | 1972 |
| 4.999% due 10/25/2046 •  | 92 | 75 |
| **BAMLL Commercial Mortgage Securities Trust** <br>2.847% due 04/20/2042 | 5170 | 4272 |
| **Banc of America Funding Trust**  |  |  |
| 3.401% due 10/20/2046 ~  | 581 | 500 |
| 4.154% due 06/20/2037 ~  | 39 | 34 |
| 4.168% due 02/20/2047 •  | 625 | 605 |
| 4.228% due 10/20/2036 •  | 214 | 168 |
| 4.266% due 04/25/2037 •  | 180 | 152 |
| 4.408% due 06/20/2047 •  | 550 | 459 |
| 4.646% due 05/25/2037 •  | 119 | 110 |
| 5.500% due 09/25/2034  | 294 | 285 |
| 5.806% due 03/25/2037 ~  | 4 | 4 |
| 5.878% due 10/25/2036 ~  | 118 | 107 |
| 6.000% due 08/25/2037  | 330 | 267 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.732% due 02/25/2034 ~  | 15 | 14 |
| 6.449% due 05/25/2034 ~  | 30 | 29 |
| **BCAP LLC Trust**  |  |  |
| 0.000% due 02/26/2036 ~  | 233 | 0 |
| 5.250% due 02/26/2036 ~  | 1308 | 494 |
| 5.250% due 06/26/2037  | 213 | 190 |
| 27.434% due 04/26/2037 ~  | 138 | 64 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.072% due 03/25/2036 ~  | 137 | 110 |
| 4.139% due 11/25/2036 ~  | 313 | 132 |
| 4.166% due 08/25/2036 •  | 739 | 645 |
| 4.186% due 08/25/2036 •  | 316 | 287 |
| 4.246% due 02/25/2034 •  | 26 | 24 |
| 4.286% due 04/25/2036 •  | 808 | 737 |
| 4.559% due 08/25/2036 ~  | 8 | 5 |
| 4.668% due 11/25/2035 ~  | 51 | 39 |
| 4.688% due 03/25/2036 ~  | 654 | 373 |
| 5.096% due 01/25/2036 ~  | 312 | 297 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 5.406% due 05/25/2035 ~  | 551 | 530 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.000% due 05/25/2034 ~  | 3 | 3 |
| 4.905% due 08/25/2035 ~  | 17 | 16 |
| 5.717% due 11/25/2034 ~  | 1 | 1 |
| 6.129% due 04/25/2034 ~  | 14 | 14 |
| 6.214% due 01/25/2034 ~  | 82 | 82 |
| 6.232% due 11/25/2034 ~  | 23 | 22 |
| 6.811% due 05/25/2034 ~  | 6 | 6 |
| **Bear Stearns Mortgage Funding Trust** <br>4.226% due 01/25/2037 •  | 987 | 940 |
| **Chase Mortgage Finance Trust**  |  |  |
| 6.159% due 06/25/2035 ~  | 9 | 9 |
| 6.731% due 02/25/2037 ~  | 5 | 5 |
| **ChaseFlex Trust**  |  |  |
| 4.446% due 07/25/2037 •  | 330 | 294 |
| 6.000% due 02/25/2037  | 562 | 180 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates** <br>4.260% due 08/25/2037 þ | 1117 | 957 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.076% due 05/25/2036 •  | 295 | 286 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.166% due 03/25/2037 ~  | 41 | 35 |
| 4.486% due 03/25/2035 •  | 65 | 63 |
| 4.506% due 02/25/2035 •  | 26 | 24 |
| 4.586% due 02/25/2035 •  | 456 | 431 |
| 4.606% due 09/25/2034 •  | 1 | 1 |
| 4.796% due 11/25/2034 ~  | 17 | 16 |
| 4.929% due 09/25/2034 ~  | 7 | 7 |
| 4.953% due 07/25/2034 ~  | 46 | 44 |
| 5.500% due 11/25/2035  | 42 | 21 |
| 5.500% due 07/25/2037  | 395 | 159 |
| 5.750% due 07/25/2037  | 1450 | 648 |
| 5.750% due 08/25/2037  | 5967 | 2952 |
| 5.995% due 12/25/2033 ~  | 7 | 7 |
| 6.000% due 02/25/2036  | 298 | 95 |
| 6.000% due 03/25/2036  | 3 | 1 |
| 6.148% due 02/20/2036 •  | 373 | 352 |
| 6.224% due 02/20/2036 •  | 54 | 48 |
| **CHL Reperforming Loan Trust REMICS**  |  |  |
| 4.186% due 06/25/2035 •  | 261 | 254 |
| 4.246% due 11/25/2034 •  | 6 | 6 |
| **Citicorp Mortgage Securities Trust** <br>6.000% due 09/25/2037 | 47 | 48 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.701% due 11/25/2036 ~  | 185 | 159 |
| 5.395% due 08/25/2035 ~  | 102 | 97 |
| 5.840% due 09/25/2035 •  | 9 | 9 |
| 6.040% due 11/25/2035 •  | 119 | 119 |
| 6.711% due 02/25/2034 ~  | 3 | 3 |
| 6.824% due 09/25/2037 ~  | 36 | 35 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 06/25/2037 | 247 | 227 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.086% due 06/25/2036 •  | 381 | 368 |
| 4.126% due 04/25/2047 •  | 1633 | 1495 |
| 4.135% due 10/25/2035 ~  | 216 | 187 |
| 4.196% due 05/25/2036 •  | 888 | 328 |
| 4.196% due 05/25/2037 •  | 33 | 10 |
| 4.216% due 02/25/2037 •  | 6941 | 1892 |
| 4.226% due 09/25/2046 •  | 40 | 40 |
| 4.246% due 05/25/2036 •  | 793 | 610 |
| 4.246% due 06/25/2037 •  | 10 | 9 |
| 4.296% due 09/25/2035 •  | 1949 | 1210 |
| 4.308% due 07/20/2035 •  | 11 | 11 |
| 4.325% due 06/25/2037 ~  | 29 | 29 |
| 4.346% due 12/25/2035 •  | 2005 | 775 |
| 4.346% due 05/25/2037 •  | 798 | 248 |
| 4.346% due 09/25/2046 •  | 812 | 683 |
| 4.406% due 12/25/2035 •  | 203 | 194 |
| 4.488% due 11/20/2035 •  | 1187 | 1087 |
| 4.546% due 05/25/2036 •  | 1002 | 406 |
| 4.556% due 07/25/2036 •  | 794 | 254 |
| 4.596% due 08/25/2035 •  | 38 | 30 |
| 4.646% due 12/25/2035 •  | 233 | 197 |
| 4.746% due 12/25/2036 •  | 4028 | 1256 |
| 5.250% due 06/25/2035  | 8 | 6 |
| 5.500% due 04/25/2035  | 229 | 189 |
| 5.500% due 10/25/2035  | 183 | 93 |
| 5.500% due 11/25/2035  | 1113 | 596 |
| 5.500% due 12/25/2035  | 162 | 80 |
| 5.500% due 01/25/2036  | 172 | 92 |
| 5.500% due 03/25/2036  | 38 | 16 |
| 5.509% due 01/25/2036 •  | 351 | 339 |
| 5.750% due 07/25/2035  | 1135 | 700 |
| 6.000% due 04/25/2036  | 542 | 232 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 6.000% due 01/25/2037  | 636 | 316 |
| 6.000% due 02/25/2037  | 1987 | 763 |
| 6.000% due 03/25/2037  | 662 | 221 |
| 6.000% due 08/25/2037  | 467 | 213 |
| 6.250% due 11/25/2036  | 299 | 219 |
| 6.500% due 09/25/2037  | 1060 | 371 |
| **Countrywide Alternative Loan Trust Resecuritization** <br>6.000% due 05/25/2036 | 353 | 189 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 4.868% due 03/25/2032 ~  | 23 | 23 |
| 6.000% due 01/25/2036  | 642 | 391 |
| **CSFB Mortgage-Backed Pass-Through Certificates** <br>7.000% due 02/25/2034 | 17 | 18 |
| **CSMC Mortgage-Backed Trust**  |  |  |
| 6.250% due 08/25/2036  | 288 | 103 |
| 7.000% due 08/25/2037 ~  | 793 | 364 |
| **CSMC Trust**  |  |  |
| 3.431% due 11/10/2032  | 1200 | 966 |
| 4.182% due 07/27/2037 ~  | 1160 | 1068 |
| **DBGS Mortgage Trust** <br>5.410% due 10/15/2039 •  | 1000 | 1000 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.046% due 08/25/2037 •  | 3 | 3 |
| 4.086% due 08/25/2036 •  | 973 | 903 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>4.146% due 04/25/2037 •  | 269 | 192 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 4.366% due 08/19/2045 •  | 7 | 6 |
| 4.949% due 03/19/2046 •  | 221 | 192 |
| **EMF-NL Prime BV** <br>2.816% due 04/17/2041 •  | 311 | 364 |
| **Eurosail PLC** <br>2.519% due 06/10/2044 •  | 4518 | 5279 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 4.145% due 01/25/2036 ~  | $1970 | 937 |
| 4.636% due 03/25/2035 ~  | 14 | 8 |
| 5.005% due 06/25/2036 ~  | 170 | 134 |
| 5.251% due 04/25/2036 ~  | 132 | 109 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.998% due 08/25/2035 ~ | 64 | 42 |
| **GreenPoint Mortgage Funding Trust** <br>4.386% due 11/25/2045 •  | 30 | 29 |
| **GreenPoint Mortgage Pass-Through Certificates** <br>7.033% due 10/25/2033 ~ | 4 | 3 |
| **GreenPoint MTA Trust** <br>4.286% due 06/25/2045 •  | 3 | 2 |
| **Grifonas Finance No. 1 PLC** <br>2.344% due 08/28/2039 •  | 184 | 213 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 03/25/2035 •  | $25 | 23 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.879% due 06/25/2034 ~  | 21 | 20 |
| 5.750% due 03/25/2036  | 119 | 108 |
| 5.750% due 01/25/2037  | 308 | 179 |
| 5.880% due 03/25/2033 •  | 1 | 1 |
| 6.000% due 02/25/2036  | 1077 | 385 |
| 6.000% due 03/25/2037  | 624 | 307 |
| 6.000% due 05/25/2037  | 157 | 113 |
| 6.500% due 09/25/2036  | 318 | 136 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.026% due 11/19/2036 •  | 68 | 61 |
| 4.026% due 11/19/2046 •  | 17 | 13 |
| 4.326% due 06/19/2035 •  | 12 | 12 |
| 4.346% due 01/19/2036 •  | 803 | 518 |
| 4.406% due 02/19/2036 •  | 548 | 227 |
| 4.466% due 11/19/2035 •  | 227 | 146 |
| 4.666% due 11/19/2034 •  | 204 | 188 |
| 4.806% due 06/19/2045 •  | 2253 | 996 |
| 5.346% due 10/19/2035 •  | 306 | 222 |
| 5.831% due 04/19/2034 ~  | 3 | 2 |
| **HomeBanc Mortgage Trust** <br>4.702% due 04/25/2037 ~ | 3427 | 3091 |
| **Impac CMB Trust** <br>4.506% due 03/25/2035 •  | 36 | 34 |
| **Impac Secured Assets Trust** <br>4.546% due 05/25/2036 •  | 28 | 26 |
| **IndyMac IMSC Mortgage Loan Trust** <br>3.792% due 06/25/2037 ~ | 430 | 256 |
| **IndyMac INDA Mortgage Loan Trust**  |  |  |
| 3.941% due 12/25/2036 ~  | 16 | 12 |
| 5.256% due 01/25/2036 ~  | 297 | 280 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.533% due 01/25/2036 ~  | 184 | 166 |
| 4.068% due 06/25/2036 ~  | 383 | 340 |
| 4.166% due 04/25/2037 •  | 195 | 177 |
| 4.226% due 09/25/2046 •  | 14 | 13 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 4.246% due 11/25/2046 •  | 219 | 213 |
| 4.346% due 02/25/2037 •  | 1044 | 690 |
| 4.373% due 12/25/2034 ~  | 152 | 144 |
| 4.855% due 10/25/2034 ~  | 482 | 460 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.126% due 03/25/2037 •  | 337 | 293 |
| 4.206% due 06/25/2037 •  | 3622 | 1845 |
| 4.487% due 06/27/2037 •  | 159 | 93 |
| 4.746% due 05/25/2037 ~  | 500 | 440 |
| 5.500% due 11/25/2036 ~  | 1 | 0 |
| 5.843% due 05/26/2037 ~  | 2127 | 1679 |
| 6.810% due 08/25/2036 þ  | 446 | 441 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.248% due 07/05/2033  | 1300 | 1240 |
| 4.597% due 04/15/2037 •  | 939 | 928 |
| **JP Morgan Mortgage Trust**  |  |  |
| 0.000% due 05/25/2034 ~  | 25 | 25 |
| 4.837% due 11/25/2035 ~  | 123 | 96 |
| 5.191% due 07/25/2035 ~  | 7 | 7 |
| 5.419% due 04/25/2037 ~  | 16 | 12 |
| 5.750% due 01/25/2036  | 770 | 337 |
| 5.869% due 11/25/2033 ~  | 1 | 1 |
| 5.994% due 04/25/2036 ~  | 70 | 63 |
| 6.000% due 08/25/2037  | 9 | 4 |
| 6.250% due 07/25/2036  | 1229 | 361 |
| 6.500% due 01/25/2036  | 407 | 210 |
| 6.500% due 08/25/2036  | 1412 | 462 |
| **Lehman XS Trust** <br>4.246% due 08/25/2046 •  | 721 | 715 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 5.633% due 11/21/2034 ~  | 9 | 9 |
| 5.839% due 05/25/2034 ~  | 34 | 33 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>4.565% due 11/15/2031 •  | 12 | 12 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.305% due 12/15/2030 •  | 23 | 23 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 0.125% due 11/25/2029 ~(a)  | 282 | 0 |
| 4.312% due 03/25/2036 ~  | 568 | 265 |
| 5.348% due 02/25/2036 ~  | 196 | 192 |
| 6.041% due 02/25/2033 ~  | 4 | 4 |
| 7.000% due 05/25/2033 ~  | 1 | 1 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.550% due 07/25/2035 ~  | 68 | 61 |
| 3.768% due 12/25/2037 ~  | 880 | 564 |
| 4.100% due 08/25/2034 ~  | 27 | 25 |
| 4.106% due 03/25/2036 •  | 174 | 112 |
| 5.144% due 07/25/2035 ~  | 42 | 34 |
| 5.625% due 08/25/2034 ~  | 3 | 3 |
| 5.782% due 06/25/2036 ~  | 9 | 9 |
| 6.500% due 06/25/2036 ~  | 242 | 234 |
| **NAAC Reperforming Loan REMICS Trust Certificates** <br>6.500% due 02/25/2035 | 301 | 262 |
| **Natixis Commercial Mortgage Securities Trust** <br>3.858% due 04/10/2037 | 330 | 294 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 4392 | 4263 |
| 2.750% due 11/25/2059 ~  | 7206 | 6969 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust**  |  |  |
| 4.343% due 10/25/2035 ~  | 181 | 163 |
| 4.686% due 06/25/2037 •  | 2831 | 2395 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 39600 | 26427 |
| **RALI Trust**  |  |  |
| 3.893% due 12/26/2034 ~  | $143 | 47 |
| 4.096% due 02/25/2036 •  | 115 | 74 |
| 4.206% due 05/25/2036 •  | 640 | 592 |
| 4.216% due 12/25/2036 •  | 43 | 39 |
| 4.246% due 11/25/2036 •  | 144 | 104 |
| 4.346% due 08/25/2037 •  | 29 | 28 |
| 4.646% due 10/25/2045 •  | 101 | 71 |
| 4.893% due 02/25/2035 ~  | 426 | 377 |
| 5.077% due 01/25/2036 ~  | 968 | 646 |
| 6.000% due 06/25/2036  | 130 | 107 |
| 6.163% due 09/25/2037 ~  | 6058 | 3992 |
| 6.500% due 09/25/2037  | 171 | 143 |
| **RBSGC Structured Trust** <br>5.500% due 11/25/2035 ~ | 1326 | 1107 |
| **RBSSP Resecuritization Trust**  |  |  |
| 1.943% due 08/27/2037 •  | 81 | 80 |
| 4.309% due 06/27/2036 •  | 4675 | 4324 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 01/25/2046 •  | 1465 | 401 |
| 4.296% due 02/25/2034 •  | 40 | 38 |
| 5.500% due 09/25/2035  | 80 | 34 |
| 5.500% due 12/25/2035  | 225 | 96 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 5.750% due 02/25/2036  | 784 | 275 |
| 6.000% due 07/25/2036  | 328 | 157 |
| 6.000% due 07/25/2037  | 1358 | 491 |
| **RFMSI Trust**  |  |  |
| 0.000% due 09/25/2036 ~  | 7 | 0 |
| 5.484% due 02/25/2036 ~  | 167 | 159 |
| 6.000% due 10/25/2036  | 234 | 191 |
| 6.500% due 03/25/2032  | 5 | 5 |
| **RMAC Securities No. 1 PLC** <br>4.059% due 06/12/2044 •  | 328 | 433 |
| **Sequoia Mortgage Trust** <br>3.544% due 09/20/2046 ~ | $29 | 19 |
| **STRIPs III Ltd.** <br>5.000% due 03/27/2049 ~ | 239 | 6 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.062% due 04/25/2036 ~  | 255 | 131 |
| 4.166% due 10/25/2035 •  | 1497 | 1447 |
| 4.252% due 09/25/2036 ~  | 159 | 107 |
| 4.286% due 06/25/2037 •  | 811 | 767 |
| 4.479% due 10/25/2036 ~  | 265 | 131 |
| 4.709% due 01/25/2035 ~  | 39 | 38 |
| 5.201% due 03/25/2034 ~  | 3 | 3 |
| 5.429% due 01/25/2035 •  | 9 | 8 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 3.966% due 08/25/2036 •  | 93 | 83 |
| 4.206% due 07/25/2046 •  | 1235 | 1088 |
| 4.266% due 05/25/2036 •  | 82 | 59 |
| 4.266% due 08/25/2036 •  | 449 | 378 |
| 4.306% due 05/25/2045 •  | 19 | 19 |
| 4.346% due 07/19/2035 •  | 36 | 36 |
| 4.406% due 02/25/2036 •  | 127 | 109 |
| 4.426% due 07/19/2034 •  | 1 | 1 |
| 4.446% due 08/25/2036 •  | 436 | 326 |
| 4.546% due 03/19/2034 •  | 1 | 1 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>6.561% due 03/25/2033 ~ | 14 | 13 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 5.396% due 10/25/2043 ~  | 39 | 37 |
| 5.413% due 06/25/2037 •  | 7825 | 6745 |
| **Towd Point Mortgage Trust** <br>2.900% due 10/25/2059 ~ | 10279 | 9928 |
| **Wachovia Mortgage Loan Trust LLC** <br>6.708% due 10/20/2035 ~ | 119 | 115 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.665% due 10/25/2036 ~  | 14 | 13 |
| 3.713% due 05/25/2046 •  | 66 | 55 |
| 3.865% due 10/25/2036 ~  | 341 | 303 |
| 3.878% due 12/25/2046 •  | 127 | 114 |
| 3.897% due 12/25/2046 •  | 221 | 204 |
| 3.898% due 07/25/2037 ~  | 180 | 162 |
| 3.930% due 06/25/2037 ~  | 697 | 611 |
| 3.979% due 03/25/2037 ~  | 11889 | 10327 |
| 4.104% due 05/25/2037 ~  | 18 | 14 |
| 4.386% due 12/25/2045 •  | 2 | 2 |
| 4.426% due 12/25/2045 •  | 217 | 200 |
| 4.759% due 01/25/2047 •  | 58 | 56 |
| 4.774% due 01/25/2036 ~  | 266 | 258 |
| 4.779% due 06/25/2047 •  | 29 | 27 |
| 4.916% due 03/25/2035 ~  | 58 | 58 |
| 5.009% due 06/25/2046 •  | 364 | 346 |
| 5.229% due 11/25/2042 •  | 4 | 4 |
| 5.429% due 06/25/2042 •  | 60 | 57 |
| 5.429% due 08/25/2042 •  | 31 | 30 |
| 5.502% due 08/25/2035 ~  | 141 | 147 |
| 5.696% due 09/25/2033 ~  | 2 | 2 |
| 5.731% due 06/25/2033 ~  | 24 | 24 |
| 5.778% due 03/25/2033 ~  | 18 | 18 |
| 5.974% due 10/25/2034 ~  | 50 | 49 |
| 6.112% due 12/25/2032 ~  | 1137 | 1112 |
| 6.166% due 03/25/2034 ~  | 1 | 1 |
| **Warwick Finance Residential Mortgages Number Three PLC**  |  |  |
| 0.000% due 12/21/2049  | 0 | 792 |
| 4.712% due 12/21/2049 •  | 1819 | 2454 |
| 5.412% due 12/21/2049 •  | 910 | 1231 |
| 5.912% due 12/21/2049 •  | 455 | 612 |
| 6.412% due 12/21/2049 •  | 260 | 349 |
| 6.912% due 12/21/2049 •  | 260 | 346 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.546% due 01/25/2036 •  | $1831 | 1489 |
| 4.799% due 04/25/2047 •  | 2294 | 1934 |
| 5.500% due 11/25/2035  | 78 | 64 |
| 5.750% due 11/25/2035  | 457 | 434 |
| 6.000% due 10/25/2035  | 276 | 221 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust** <br>4.591% due 06/25/2033 ~ | 11 | 10 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Wells Fargo Alternative Loan Trust** <br>4.196% due 06/25/2037 •  | 514 | 376 |
| **Wells Fargo Commercial Mortgage Trust** <br>3.749% due 06/15/2036 ~ | 1400 | 1317 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.064% due 04/25/2036 ~ | 23 | 23 |
| Total Non-Agency Mortgage-Backed Securities (Cost $193,127) |  | 172910 |
| **ASSET-BACKED SECURITIES 13.4%**  |  |  |
| **HOME EQUITY OTHER 6.6%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.146% due 05/25/2037 •  | 8321 | 7849 |
| 4.546% due 06/25/2034 •  | 228 | 229 |
| 4.846% due 06/25/2037 •  | 31 | 27 |
| 4.896% due 03/25/2034 •  | 524 | 510 |
| 4.971% due 12/25/2032 •  | 104 | 104 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.086% due 08/25/2036 •  | 2788 | 635 |
| 4.166% due 08/25/2036 •  | 1495 | 341 |
| 4.246% due 12/25/2036 •  | 4732 | 1197 |
| 4.821% due 11/25/2033 •  | 103 | 106 |
| **Aegis Asset-Backed Securities Trust** <br>4.846% due 03/25/2035 •  | 92 | 88 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.971% due 11/25/2034 •  | 870 | 853 |
| **Amortizing Residential Collateral Trust** <br>4.546% due 10/25/2031 •  | 121 | 120 |
| **Argent Securities Trust**  |  |  |
| 3.956% due 09/25/2036 •  | 343 | 112 |
| 3.996% due 09/25/2036 •  | 810 | 263 |
| 4.146% due 06/25/2036 •  | 3267 | 895 |
| 4.146% due 07/25/2036 •  | 1943 | 526 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>3.311% due 02/25/2034 •  | 370 | 399 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.941% due 02/25/2035 •  | 246 | 253 |
| **Bayview Financial Revolving Asset Trust** <br>4.772% due 02/28/2040 •  | 41 | 40 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.166% due 08/25/2036 •  | 1901 | 1862 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.846% due 11/25/2042 •  | 2 | 2 |
| **C-BASS Mortgage Loan Trust** <br>3.267% due 03/25/2037 þ | 7238 | 2642 |
| **C-BASS Trust** <br>4.146% due 11/25/2036 •  | 774 | 354 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 4.006% due 10/25/2036 •  | 696 | 544 |
| 4.326% due 06/25/2036 •  | 1708 | 1656 |
| 4.746% due 05/25/2034 •  | 650 | 686 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 7271 | 7389 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.166% due 09/25/2036 •  | 7854 | 6118 |
| 4.166% due 12/25/2036 •  | 1518 | 1063 |
| **Countrywide Asset-Backed Certificates** <br>4.526% due 12/25/2036 •  | 132 | 110 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.466% due 09/25/2037 •  | 1685 | 1427 |
| 4.566% due 07/25/2034 •  | 10 | 11 |
| 5.346% due 02/25/2035 •  | 609 | 609 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.379% due 01/25/2032 •  | 1 | 1 |
| **Delta Funding Home Equity Loan Trust** <br>7.790% due 05/25/2030 þ | 39 | 39 |
| **Fieldstone Mortgage Investment Trust** <br>4.389% due 11/25/2036 •  | 1235 | 813 |
| **Fremont Home Loan Trust**  |  |  |
| 4.106% due 11/25/2036 •  | 4497 | 1579 |
| 4.146% due 01/25/2037 •  | 1256 | 580 |
| 4.326% due 02/25/2037 •  | 3272 | 997 |
| 4.346% due 05/25/2036 •  | 7739 | 5088 |
| 4.716% due 05/25/2034 •  | 2410 | 2406 |
| **GE-WMC Mortgage Securities Trust** <br>4.146% due 08/25/2036 •  | 2171 | 923 |
| **GSAA Home Equity Trust**  |  |  |
| 4.406% due 07/25/2037 •  | 31412 | 17160 |
| 4.746% due 08/25/2037 •  | 15 | 15 |
| 4.999% due 09/25/2035 ~  | 69 | 65 |
| **GSAMP Trust**  |  |  |
| 3.946% due 12/25/2046 •  | 914 | 457 |
| 4.046% due 12/25/2046 •  | 3337 | 1668 |
| 4.146% due 09/25/2036 •  | 1330 | 462 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 4.146% due 12/25/2046 •  | 2147 | 1073 |
| 4.306% due 12/25/2046 •  | 413 | 206 |
| 4.326% due 08/25/2036 •  | 634 | 551 |
| 4.386% due 04/25/2036 •  | 1890 | 1292 |
| **Home Equity Loan Trust** <br>4.186% due 04/25/2037 •  | 3000 | 2715 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.086% due 04/25/2037 •  | 1582 | 1084 |
| 4.166% due 07/25/2037 •  | 2359 | 1327 |
| 4.246% due 07/25/2037 •  | 2434 | 1369 |
| **Home Equity Mortgage Trust** <br>5.867% due 07/25/2036 þ | 130 | 11 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.036% due 01/25/2037 •  | 1288 | 930 |
| 4.066% due 12/25/2036 •  | 3236 | 791 |
| 4.186% due 12/25/2036 •  | 936 | 218 |
| 4.286% due 12/25/2036 •  | 6926 | 1615 |
| **IXIS Real Estate Capital Trust** <br>4.306% due 01/25/2037 •  | 3773 | 1242 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 1172 | 550 |
| 4.166% due 07/25/2036 •  | 1209 | 332 |
| 6.630% due 07/25/2036 þ  | 962 | 250 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.446% due 02/25/2036 •  | 1390 | 1245 |
| 5.481% due 07/25/2032 •  | 72 | 72 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 3.946% due 10/25/2036 •  | 838 | 274 |
| 3.946% due 11/25/2036 •  | 50 | 15 |
| 4.146% due 08/25/2036 •  | 766 | 271 |
| 4.326% due 03/25/2036 •  | 2264 | 1351 |
| 4.326% due 10/25/2036 •  | 1298 | 1178 |
| 4.596% due 10/25/2035 •  | 480 | 476 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 3.711% due 02/25/2037 þ  | 1490 | 158 |
| 4.066% due 08/25/2037 •  | 1542 | 760 |
| 4.146% due 08/25/2037 •  | 9305 | 4584 |
| 4.746% due 02/25/2047 •  | 383 | 222 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.906% due 12/25/2036 •  | 2740 | 1383 |
| 3.956% due 03/25/2037 •  | 1240 | 530 |
| 3.986% due 11/25/2036 •  | 7426 | 3572 |
| 3.996% due 10/25/2036 •  | 16677 | 8764 |
| 3.996% due 11/25/2036 •  | 2335 | 1386 |
| 3.996% due 12/25/2036 •  | 606 | 306 |
| 4.026% due 02/25/2037 •  | 1909 | 609 |
| 4.046% due 02/25/2037 •  | 49 | 22 |
| 4.066% due 11/25/2036 •  | 4015 | 1931 |
| 4.096% due 03/25/2037 •  | 13296 | 5689 |
| 4.146% due 09/25/2036 •  | 8831 | 3058 |
| 4.166% due 09/25/2036 •  | 1470 | 632 |
| 4.206% due 02/25/2037 •  | 1372 | 437 |
| 4.326% due 06/25/2036 •  | 791 | 399 |
| 4.346% due 08/25/2036 •  | 101 | 51 |
| 4.896% due 09/25/2033 •  | 278 | 287 |
| 4.896% due 06/25/2035 •  | 4000 | 3777 |
| **Morgan Stanley Home Equity Loan Trust** <br>3.946% due 12/25/2036 •  | 1214 | 583 |
| **New Century Home Equity Loan Trust** <br>6.846% due 01/25/2033 •  | 212 | 187 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**  |  |  |
| 4.506% due 10/25/2036 •  | 3974 | 717 |
| 4.646% due 02/25/2037 •  | 389 | 105 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.146% due 09/25/2036 •  | 2816 | 1104 |
| 4.186% due 11/25/2036 •  | 6743 | 2052 |
| 4.266% due 01/25/2037 •  | 2676 | 889 |
| 4.346% due 10/25/2036 •  | 1017 | 471 |
| **Option One Mortgage Loan Trust**  |  |  |
| 3.976% due 07/25/2037 •  | 748 | 497 |
| 4.026% due 04/25/2037 •  | 822 | 408 |
| 4.086% due 04/25/2037 •  | 860 | 495 |
| 4.096% due 07/25/2037 •  | 1012 | 673 |
| 4.286% due 01/25/2037 •  | 654 | 385 |
| 4.346% due 03/25/2037 •  | 451 | 223 |
| **Ownit Mortgage Loan Trust**  |  |  |
| 3.157% due 10/25/2035 þ  | 527 | 295 |
| 4.369% due 05/25/2037 •  | 1398 | 1180 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.646% due 12/25/2034 •  | 288 | 285 |
| **People's Financial Realty Mortgage Securities Trust** <br>3.986% due 09/25/2036 •  | 2187 | 526 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 2.613% due 09/25/2037 þ  | 5265 | 3741 |
| 5.612% due 04/25/2037 þ  | 3801 | 951 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.366% due 07/25/2036 •  | 10419 | 9481 |
| 4.386% due 07/25/2036 •  | 1976 | 1766 |
| 4.881% due 08/25/2035 •  | 866 | 868 |
| **Saxon Asset Securities Trust** <br>1.432% due 03/25/2035 •  | 46 | 40 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.611% due 02/25/2034 •  | 223 | 223 |
| **SG Mortgage Securities Trust**  |  |  |
| 4.146% due 10/25/2036 •  | 1846 | 1768 |
| 4.266% due 10/25/2036 •  | 2300 | 1843 |
| 4.386% due 02/25/2036 •  | 4705 | 2349 |
| **Soundview Home Loan Trust**  |  |  |
| 4.066% due 02/25/2037 •  | 3970 | 1055 |
| 4.406% due 10/25/2036 •  | 1549 | 1547 |
| 4.796% due 09/25/2037 •  | 1614 | 1382 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.566% due 10/25/2035 •  | 212 | 209 |
| 4.821% due 01/25/2035 •  | 1713 | 1648 |
| 4.971% due 01/25/2035 •  | 606 | 546 |
| 5.226% due 04/25/2033 •  | 36 | 37 |
| 5.421% due 01/25/2035 •  | 684 | 593 |
| 5.571% due 01/25/2035 •  | 627 | 271 |
| **Structured Asset Securities Corp. Trust** <br>4.536% due 09/25/2035 •  | 4042 | 3913 |
| **Washington Mutual Asset-Backed Certificates Trust** <br>4.326% due 05/25/2036 •  | 1111 | 882 |
|  |  | 176456 |
| **HOME EQUITY SEQUENTIAL 0.1%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.066% due 01/25/2037 •  | 2232 | 1258 |
| 4.166% due 01/25/2037 •  | 1072 | 604 |
| **C-BASS Trust** <br>3.091% due 01/25/2037 þ | 1082 | 299 |
| **Saxon Asset Securities Trust** <br>4.186% due 10/25/2046 •  | 182 | 179 |
|  |  | 2340 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.1%**  |  |  |
| **Conseco Finance Securitizations Corp.** <br>7.770% due 09/01/2031 þ | 1936 | 1971 |
| **WHOLE LOAN COLLATERAL 0.9%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust** <br>5.750% due 11/25/2034 þ | 396 | 356 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.646% due 09/25/2046 •  | 213 | 207 |
| 5.500% due 08/25/2036  | 17 | 18 |
| 6.500% due 10/25/2036  | 4756 | 1569 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.017% due 07/25/2034 •  | 22 | 22 |
| 4.671% due 05/25/2034 •  | 180 | 176 |
| 4.791% due 03/25/2035 •  | 464 | 512 |
| **GSAMP Trust** <br>3.401% due 11/25/2034 •  | 490 | 478 |
| **Lehman XS Trust** <br>4.366% due 05/25/2046 •  | 20272 | 18502 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.606% due 12/25/2035 •  | 1245 | 1237 |
| **RAAC Trust** <br>4.446% due 06/25/2044 •  | 145 | 135 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.346% due 03/25/2036 •  | 2213 | 1404 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.086% due 03/25/2037 •  | 576 | 299 |
| 4.146% due 09/25/2037 •  | 3636 | 1259 |
|  |  | 26174 |
| **OTHER ABS 5.7%**  |  |  |
| **ARES European CLO X DAC** <br>2.789% due 10/15/2031 •  | 4886 | 5746 |
| **ARES European CLO XII DAC** <br>2.854% due 04/20/2032 •  | 2605 | 3064 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | $2700 | 2700 |
| **ARES XXXIX CLO Ltd.** <br>5.304% due 07/18/2037 •  | 7000 | 7025 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 2100 | 2100 |
| **Atlas Senior Loan Fund XVII Ltd.** <br>4.944% due 10/20/2034 •  | 1000 | 998 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Aurium CLO IV DAC** <br>2.751% due 01/16/2031 •  | 4665 | 5486 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.850% due 04/23/2035 •  | $3200 | 3199 |
| 5.274% due 10/16/2037 •  | 1200 | 1204 |
| **Barings Euro CLO DAC** <br>0.000% due 08/15/2039 •(b) | 2000 | 2350 |
| **Belle Haven ABS CDO Ltd.** <br>7.360% due 11/03/2044 •  | $33772 | 8772 |
| **Benefit Street Partners CLO XXII Ltd.** <br>5.034% due 04/20/2035 •  | 1000 | 1000 |
| **BlueMountain CLO XXXIV Ltd.** <br>5.034% due 04/20/2035 •  | 3200 | 3202 |
| **Cairn CLO X DAC** <br>2.789% due 10/15/2031 •  | 2968 | 3490 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 2800 | 3293 |
| **Carlyle Euro CLO DAC**  |  |  |
| 2.709% due 01/15/2031 •  | 2448 | 2878 |
| 2.954% due 08/15/2032 •  | 1313 | 1545 |
| **Carlyle U.S. CLO Ltd.** <br>4.938% due 01/25/2035 •  | $700 | 700 |
| **Cedar Funding VI CLO Ltd.** <br>4.974% due 04/20/2034 •  | 1500 | 1500 |
| **CIFC Funding Ltd.**  |  |  |
| 5.077% due 10/24/2030 •  | 1447 | 1449 |
| 5.202% due 04/17/2035 •  | 6900 | 6912 |
| **Citius I Funding Ltd.** <br>7.250% due 05/05/2046 «•  | 435816 | 0 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(b) | 1500 | 1763 |
| **Dryden 95 CLO Ltd.** <br>4.929% due 08/20/2034 •  | $2900 | 2899 |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | 2500 | 2500 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 2300 | 2703 |
| **Hayfin Emerald CLO VI DAC** <br>3.259% due 10/15/2038 •  | 4000 | 4705 |
| **Kennedy Lewis CLO 8 Ltd.** <br>5.264% due 01/20/2038 •  | $6000 | 6023 |
| **KKR CLO 16 Ltd.** <br>4.988% due 10/20/2034 •  | 6995 | 6997 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 3300 | 3298 |
| **Magnetite XLII Ltd.** <br>5.168% due 01/25/2038 •  | 1000 | 1003 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 2700 | 3173 |
| **Navesink CLO 2 Ltd.** <br>0.000% due 01/15/2036 •(b) | $1500 | 1500 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.439% due 03/23/2037 •  | 41 | 41 |
| 4.685% due 10/25/2033 •  | 74 | 73 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.972% due 10/14/2036 •  | 1800 | 1799 |
| **Palmer Square European Loan Funding DAC** <br>3.214% due 02/15/2035 •  | 6246 | 7346 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 2000 | 2350 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | $1250 | 1250 |
| **Rad CLO 16 Ltd.** <br>5.455% due 07/15/2037 •  | 1500 | 1507 |
| **Romark CLO Ltd.** <br>5.151% due 10/23/2030 •  | 149 | 149 |
| **Sierra Madre Funding Ltd.**  |  |  |
| 4.278% due 09/07/2039 •  | 10504 | 5787 |
| 4.298% due 09/07/2039 •  | 24516 | 13537 |
| **Signal Peak CLO 8 Ltd.** <br>5.274% due 10/20/2037 •  | 2125 | 2132 |
| **SLM Student Loan Trust**  |  |  |
| 5.489% due 06/25/2043 •  | 103 | 99 |
| 5.489% due 09/25/2076 •  | 104 | 102 |
| 5.789% due 11/25/2070 •  | 141 | 142 |
| **Symphony CLO 36 Ltd.** <br>0.000% due 01/20/2036 •(b) | 2200 | 2200 |
| **Talon Funding Ltd.** <br>7.490% due 06/05/2035 •  | 1445 | 223 |
| **Triaxx Prime CDO Ltd.** <br>4.590% due 10/02/2039 •  | 3599 | 32 |
| **Trinitas CLO VI Ltd.** <br>4.968% due 01/25/2034 •  | 2200 | 2201 |
| **Vibrant CLO XI Ltd.** <br>5.266% due 07/20/2032 •  | 812 | 812 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Voya CLO Ltd.** <br>4.944% due 04/20/2034 •  | 3900 | 3900 |
| **Wind River CLO Ltd.** <br>4.994% due 07/20/2034 •  | 1400 | 1400 |
|  |  | 152259 |
| Total Asset-Backed Securities (Cost $486,939) |  | 359199 |
| **SOVEREIGN ISSUES 19.9%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 710000 | 775 |
| 5.000% due 03/01/2035  | 180000 | 195 |
| 5.800% due 10/01/2029  | 1495000 | 1703 |
| 6.000% due 04/01/2033  | 475000 | 548 |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (g) | 521500 | 92061 |
| **Colombia TES**  |  |  |
| 1.000% due 09/18/2030  | 73384900 | 15957 |
| 1.000% due 01/24/2035  | 82274600 | 20259 |
| 2.250% due 04/18/2029 (h)  | 5480417 | 1283 |
| 6.500% due 01/22/2031 (h)  | 81967983 | 21612 |
| 11.000% due 08/22/2029  | 48111500 | 12041 |
| 11.750% due 01/24/2035  | 74010300 | 18248 |
| 12.750% due 11/28/2040  | 19313300 | 5014 |
| 13.250% due 02/09/2033  | 16001700 | 4293 |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 1500 | 1808 |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 474000 | 971 |
| **Dominican Republic International Bonds**  |  |  |
| 5.300% due 01/21/2041  | $2050 | 1862 |
| 10.500% due 03/15/2037  | 11400 | 194 |
| 10.750% due 06/01/2036  | 58800 | 1016 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $5100 | 5201 |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 03/12/2029  | 10500 | 10821 |
| 5.375% due 02/19/2030  | 5400 | 5592 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 1181000 | 5489 |
| **Japan Government Thirty Year Bonds** <br>2.300% due 12/20/2054 | 2030000 | 10409 |
| **Japan Government Twenty Year Bonds** <br>2.000% due 12/20/2044 | 2710000 | 15056 |
| **Mexico Government International Bonds**  |  |  |
| 5.400% due 02/09/2028  | $1000 | 1025 |
| 5.850% due 07/02/2032  | 1800 | 1852 |
| 6.000% due 05/13/2030  | 2700 | 2834 |
| 6.350% due 02/09/2035  | 2600 | 2731 |
| **New Zealand Government Bonds Inflation-Linked** <br>3.000% due 09/20/2030 (h) | 5875 | 3586 |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 4100 | 1315 |
| 7.300% due 08/12/2033  | 97900 | 33238 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 42200 | 12529 |
| 6.150% due 08/12/2032  | 150200 | 48223 |
| 6.900% due 08/12/2037  | 44400 | 13827 |
| 6.950% due 08/12/2031  | 98246 | 32497 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 629025 | 37162 |
| 8.000% due 01/31/2030  | 149700 | 9245 |
| 8.250% due 03/31/2032  | 58600 | 3630 |
| 8.500% due 01/31/2037  | 280500 | 16839 |
| 8.875% due 02/28/2035 (n)  | 305300 | 19240 |
| 9.000% due 01/31/2040  | 266700 | 16168 |
| **Republic of South Africa Government International Bonds** <br>4.850% due 09/30/2029 | $10000 | 10019 |
| **Romania Government International Bonds** <br>1.750% due 07/13/2030 | 3600 | 3827 |
| **Saudi Government International Bonds** <br>5.375% due 01/13/2031 | $2200 | 2309 |
| **Turkiye Government International Bonds** <br>7.625% due 05/15/2034 | 5500 | 5989 |
| Total Sovereign Issues (Cost $494,244) |  | 530493 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **SES SA «(e)** | 22273 | 346 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **FINANCIALS 0.0%**  |  |  |
| **Stichting Administratiekantoor (e)** | 11319 | 0 |
| Total Common Stocks (Cost $11) |  | 346 |
| **WARRANTS 0.0%**  |  |  |
| **ENERGY 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 «(l)** | 1 | 0 |
| Total Warrants (Cost $0) |  | 0 |
| **CONVERTIBLE PREFERRED SECURITIES 0.2%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **Wells Fargo & Co.**<br>7.500% | 3500 | 4242 |
| Total Convertible Preferred Securities (Cost $4,179) |  | 4242 |
| **PREFERRED SECURITIES 0.2%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **AGFC Capital Trust I**<br>5.916% (US0003M + 1.750%) due 01/15/2067 | 6600000 | 4403 |
| **Nationwide Building Society**<br>10.250% | 4096 | 720 |
| **Wells Fargo & Co.**<br>3.900% due 03/15/2026 (i) | 400000 | 399 |
| Total Preferred Securities (Cost $4,966) |  | 5522 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 18.1%**  |  |  |
| **COMMERCIAL PAPER 1.5%**  |  |  |
| **Air Lease Corp.**  |  |  |
| 4.000% due 01/14/2026  | $350 | 349 |
| 4.180% due 01/07/2026  | 1600 | 1599 |
| 4.180% due 01/09/2026  | 550 | 549 |
| 4.300% due 01/08/2026  | 850 | 849 |
| **Alimentation Couche-Tard, Inc.** <br>4.110% due 01/08/2026 | 550 | 550 |
| **AMETEK, Inc.**  |  |  |
| 4.020% due 01/12/2026  | 1350 | 1348 |
| 4.150% due 01/06/2026  | 1700 | 1699 |
| **Becton Dickinson & Co.** <br>4.030% due 01/14/2026 | 400 | 399 |
| **Conagra Brands, Inc.**  |  |  |
| 4.050% due 01/05/2026  | 300 | 300 |
| 4.050% due 01/12/2026  | 250 | 250 |
| 4.100% due 01/13/2026  | 250 | 250 |
| 4.130% due 01/07/2026  | 1050 | 1049 |
| **Crown Castle, Inc.**  |  |  |
| 4.140% due 01/22/2026  | 500 | 499 |
| 4.150% due 01/20/2026  | 5400 | 5387 |
| 4.150% due 01/21/2026  | 600 | 599 |
| 4.150% due 01/22/2026  | 900 | 898 |
| **Edison International**  |  |  |
| 4.250% due 01/02/2026  | 700 | 700 |
| 4.550% due 01/05/2026  | 700 | 700 |
| 4.550% due 01/06/2026  | 300 | 300 |
| 4.550% due 01/07/2026  | 300 | 300 |
| **Enbridge U.S., Inc.**  |  |  |
| 4.040% due 01/02/2026  | 450 | 450 |
| 4.040% due 01/07/2026  | 900 | 899 |
| **Equifax, Inc.** <br>4.060% due 01/09/2026 | 250 | 250 |
| **ERAC USA Finance LLC** <br>4.200% due 01/12/2026 | 500 | 499 |
| **Fidelity National Information Services, Inc.**  |  |  |
| 3.950% due 01/07/2026  | 250 | 250 |
| 3.950% due 01/14/2026  | 350 | 350 |
| **HA Sustainable Infrastructure Capital, Inc.**  |  |  |
| 4.150% due 01/08/2026  | 650 | 649 |
| 4.600% due 01/06/2026  | 250 | 250 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **HCA, Inc.**  |  |  |
| 4.100% due 01/20/2026  | 1500 | 1497 |
| 4.100% due 01/21/2026  | 300 | 299 |
| 4.100% due 01/26/2026  | 350 | 349 |
| 4.120% due 01/20/2026  | 250 | 249 |
| 4.120% due 02/02/2026  | 750 | 747 |
| 4.120% due 02/04/2026  | 500 | 498 |
| 4.120% due 02/12/2026  | 1750 | 1741 |
| 4.300% due 01/13/2026  | 300 | 300 |
| **Jabil, Inc.**  |  |  |
| 4.130% due 01/07/2026  | 800 | 799 |
| 4.130% due 01/12/2026  | 500 | 499 |
| 4.130% due 01/14/2026  | 1650 | 1647 |
| 4.150% due 01/07/2026  | 300 | 300 |
| 4.150% due 01/13/2026  | 350 | 349 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 4.000% due 01/07/2026  | 900 | 899 |
| 4.240% due 01/09/2026  | 1650 | 1648 |
| **Marriott International, Inc.** <br>4.020% due 01/02/2026 | 500 | 500 |
| **Oracle Corp.** <br>4.220% due 01/16/2026 | 1750 | 1747 |
| **San Diego Gas & Electric Co.** <br>3.940% due 01/20/2026 | 350 | 349 |
| **Southern California Edison Co.**  |  |  |
| 4.550% due 01/05/2026  | 2200 | 2199 |
| 4.550% due 01/15/2026  | 250 | 250 |
|  |  | 39037 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (k) | 1104844 | 1105 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (m) 16.2%** |  | 431230 |
| **NIGERIA TREASURY BILLS 0.4%**  |  |  |
| 31.351% due 06/11/2026 - 06/29/2026 (f)(g) | 17233030 | 10837 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.675% due 03/31/2026 - 04/21/2026 (f)(g)(r) | $1256 | 1244 |
| Total Short-Term Instruments (Cost $481,709) |  | 483453 |
| Total Investments in Securities (Cost $4,181,764) |  | 4063411 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 21.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 21.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 21.2%**  |  |  |
| **PIMCO Short Asset Portfolio** | 13082696 | 128433 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 44991473 | 438262 |
| Total Short-Term Instruments (Cost $565,876) |  | 566695 |
| Total Investments in Affiliates (Cost $565,876) |  | 566695 |
| Total Investments 173.4% (Cost $4,747,641) |  | $4630106 |
| **Financial Derivative Instruments (o)(q) 0.3**%(Cost or Premiums, net $108,026) |  | 8233 |
| Other Assets and Liabilities, net (73.7)% |  | (1968912) |
| Net Assets 100.0% |  | $2669427 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 14 | 45 | 134 | 148 | 173 | 197 | 216 | 223 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(d)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(e)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(f)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(g)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(h)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(i)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(j)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(k)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | 06/10/2022 | 0 | 0 | 0 | 0 | 0.00 |
| Corp0hrg05.330% due 06/07/2035 | Corp0hrg05.330% due 06/07/2035 | Corp0hrg05.330% due 06/07/2035 | Corp0hrg05.330% due 06/07/2035 | 03/11/2025 | 600 | 600 | 617 | 617 | 0.02 |
| Hardwood Funding LLC4.840% due 06/07/2028 | Hardwood Funding LLC4.840% due 06/07/2028 | Hardwood Funding LLC4.840% due 06/07/2028 | Hardwood Funding LLC4.840% due 06/07/2028 | 03/11/2025 | 1300 | 1300 | 1314 | 1314 | 0.05 |
| Hardwood Funding LLC5.160% due 06/07/2032 | Hardwood Funding LLC5.160% due 06/07/2032 | Hardwood Funding LLC5.160% due 06/07/2032 | Hardwood Funding LLC5.160% due 06/07/2032 | 03/11/2025 | 2400 | 2400 | 2455 | 2455 | 0.09 |
|  |  |  |  | $ | 4300 | $ | 4386 | 0.16%  | 0.16%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(m)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Settlement<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.150%  | 12/12/2025 | $1094 | &nbsp;&nbsp; Gray Media, Inc. 5.375% due 11/15/2031 | &nbsp;&nbsp; Gray Media, Inc. 5.375% due 11/15/2031 | (1061) | $1094 | $ | $1096 |
|  |  |  |  | &nbsp;&nbsp; Herc Holdings, Inc. 7.250% due 06/15/2033 | &nbsp;&nbsp; Herc Holdings, Inc. 7.250% due 06/15/2033 | (50) |  |  |  |
|  | 3.250  | 12/12/2025 | 217 | &nbsp;&nbsp; American Axle & Manufacturing, Inc. 5.000% due 10/01/2029 | &nbsp;&nbsp; American Axle & Manufacturing, Inc. 5.000% due 10/01/2029 | (220) | 217 |  | 217 |
|  | 3.300  | 12/12/2025 | 398 | &nbsp;&nbsp; Adient Global Holdings Ltd. 8.250% due 04/15/2031 | &nbsp;&nbsp; Adient Global Holdings Ltd. 8.250% due 04/15/2031 | (401) | 398 |  | 399 |
|  | 3.350  | 12/12/2025 | 1019 | &nbsp;&nbsp; Caesars Entertainment, Inc. 4.625% due 10/15/2029 | &nbsp;&nbsp; Caesars Entertainment, Inc. 4.625% due 10/15/2029 | (848) | 1019 |  | 1021 |
|  |  |  |  | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | (180) |  |  |  |
|  | 3.370  | 12/12/2025 | 516 | &nbsp;&nbsp; Chemours Co. 5.375% due 05/15/2027 | &nbsp;&nbsp; Chemours Co. 5.375% due 05/15/2027 | (185) | 516 |  | 517 |
|  |  |  |  | &nbsp;&nbsp; Owens-Brockway Glass Container, Inc. 7.250% due 05/15/2031 | &nbsp;&nbsp; Owens-Brockway Glass Container, Inc. 7.250% due 05/15/2031 | (335) |  |  |  |
|  | 3.400  | 12/12/2025 | 1401 | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 | (790) | 1401 |  | 1404 |
|  |  |  |  | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 | (598) |  |  |  |
|  | 3.410  | 12/12/2025 | 4448 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.375% due 03/31/2029 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.375% due 03/31/2029 | (1185) | 4448 |  | 4457 |
|  |  |  |  | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 | (601) |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 6.125% due 09/30/2032 | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 6.125% due 09/30/2032 | (2674) |  |  |  |
|  | 3.420  | 12/12/2025 | 2781 | &nbsp;&nbsp; Marriott Ownership Resorts, Inc. 6.500% due 10/01/2033 | &nbsp;&nbsp; Marriott Ownership Resorts, Inc. 6.500% due 10/01/2033 | (1079) | 2781 |  | 2786 |
|  |  |  |  | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 | (608) |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Science Applications International Corp. 5.875% due 11/01/2033 | &nbsp;&nbsp; Science Applications International Corp. 5.875% due 11/01/2033 | (1133) |  |  |  |
|  | 3.420  | 12/24/2025 | 1136 | &nbsp;&nbsp; Cleveland-Cliffs, Inc. 6.750% due 04/15/2030 | &nbsp;&nbsp; Cleveland-Cliffs, Inc. 6.750% due 04/15/2030 | (1148) | 1136 |  | 1137 |
|  | 3.430  | 12/12/2025 | 288 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.830% due 07/15/2029 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.830% due 07/15/2029 | (293) | 288 |  | 289 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 14 | 23 | 45 | 73 | 162 | 197 | 223 |
|  | 3.790  | 01/02/2026 | 01/05/2026 | 72800 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (74251) | 72800 | 72800 |
|  | 3.870  | 12/31/2025 | 01/02/2026 | 67500 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | (68760) | 67500 | 67514 |
| BPS | 3.410  | 12/12/2025 | 01/30/2026 | 969 | &nbsp;&nbsp; Sirius XM Radio LLC 3.125% due 09/01/2026 | (402) | 969 | 971 |
|  |  |  |  |  | &nbsp;&nbsp; Tenet Healthcare Corp. 6.125% due 10/01/2028 | (571) |  |  |
| BRC | 1.500  | 12/12/2025 | 01/30/2026 | 1360 | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 7.375% due 03/15/2033 | (196) | 1360 | 1361 |
|  |  |  |  |  | &nbsp;&nbsp; Caesars Entertainment, Inc. 6.000% due 10/15/2032 | (1183) |  |  |
|  | 3.300  | 12/12/2025 | 01/30/2026 | 468 | &nbsp;&nbsp; Adient Global Holdings Ltd. 7.500% due 02/15/2033 | (472) | 468 | 469 |
|  | 3.350  | 12/12/2025 | 01/30/2026 | 472 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 5.000% due 07/15/2029 | (481) | 472 | 473 |
|  | 3.380  | 12/12/2025 | 01/30/2026 | 296 | &nbsp;&nbsp; Cinemark USA, Inc. 5.250% due 07/15/2028 | (14) | 296 | 296 |
|  |  |  |  |  | &nbsp;&nbsp; Olin Corp. 5.000% due 02/01/2030 | (194) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Sonic Automotive, Inc. 4.625% due 11/15/2029 | (89) |  |  |
|  | 3.390  | 12/12/2025 | 01/30/2026 | 2016 | &nbsp;&nbsp; Adient Global Holdings Ltd. 8.250% due 04/15/2031 | (2032) | 2016 | 2020 |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 4859 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 4.875% due 03/15/2027 | (586) | 4859 | 4867 |
|  |  |  |  |  | &nbsp;&nbsp; Hillenbrand, Inc. 6.250% due 02/15/2029 | (419) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kennedy-Wilson, Inc. 4.750% due 02/01/2030 | (2925) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Organon & Co. 5.125% due 04/30/2031 | (168) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% - 6.125% due 06/15/2030 - 09/30/2032 | (739) |  |  |
|  | 3.400  | 12/17/2025 | 01/30/2026 | 99 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.850% due 11/15/2028 | (99) | 99 | 99 |
|  | 3.420  | 12/12/2025 | 01/30/2026 | 9130 | &nbsp;&nbsp; Atkore, Inc. 4.250% due 06/01/2031 | (1060) | 9130 | 9148 |
|  |  |  |  |  | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 | (1070) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kaiser Aluminum Corp. 5.875% due 03/01/2034 | (1115) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NCL Corp. Ltd. 6.750% due 02/01/2032 | (842) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NRG Energy, Inc. 6.000% - 6.250% due 11/01/2034 - 01/15/2036 | (2169) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Nabors Industries, Inc. 9.125% due 01/31/2030 | (653) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% due 03/15/2082 | (53) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Vistra Operations Co. LLC 6.875% due 04/15/2032 | (1068) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Williams Scotsman, Inc. 7.375% due 10/01/2031 | (1170) |  |  |
|  | 3.420  | 12/17/2025 | 01/30/2026 | 5938 | &nbsp;&nbsp; Acushnet Co. 5.625% due 12/01/2033 | (714) | 5938 | 5947 |
|  |  |  |  |  | &nbsp;&nbsp; Cleveland-Cliffs, Inc. 7.500% due 09/15/2031 | (1186) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Commercial Metals Co. 5.750% due 11/15/2033 | (1132) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kaiser Aluminum Corp. 5.875% due 03/01/2034 | (405) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | (846) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Lindblad Expeditions LLC 7.000% due 09/15/2030 | (1176) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; MGM Resorts International 6.125% due 09/15/2029 | (523) |  |  |
|  | 3.420  | 12/24/2025 | 01/30/2026 | 1115 | &nbsp;&nbsp; Herc Holdings, Inc. 5.750% due 03/15/2031 | (1120) | 1115 | 1116 |
|  | 3.430  | 12/12/2025 | 01/30/2026 | 522 | &nbsp;&nbsp; Cleveland-Cliffs, Inc. 7.000% due 03/15/2032 | (314) | 522 | 523 |
|  |  |  |  |  | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | (211) |  |  |
|  | 6.800  | 12/05/2025 | 01/09/2026 | 323758 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (28878) | 19550 | 19653 |
| BRC | 6.800  | 01/09/2026 | TBD<sup>(2)</sup> | 311724 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (28878) | 18824 | 18824 |
| BUS | 2.230  | 12/16/2025 | 01/06/2026 | 20000 | &nbsp;&nbsp; Province of Ontario 1.900% due 12/02/2051 | (14971) | 14571 | 14586 |
| BYR | 3.250  | 12/12/2025 | 01/30/2026 | $206 | &nbsp;&nbsp; Sonic Automotive, Inc. 4.625% due 11/15/2029 | (208) | 206 | 206 |
|  | 3.350  | 12/12/2025 | 01/30/2026 | 385 | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 5.000% due 04/15/2029 | (185) | 384 | 385 |
|  |  |  |  |  | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% due 03/15/2082 | (203) |  |  |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 2389 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | (197) | 2389 | 2394 |
|  |  |  |  |  | &nbsp;&nbsp; Energizer Holdings, Inc. 4.375% due 03/31/2029 | (1185) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% due 06/15/2030 | (194) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | (824) |  |  |
| DEU | (2.500)  | 12/12/2025 | 01/30/2026 | 1601 | &nbsp;&nbsp; Service Properties Trust 4.375% due 02/15/2030 | (1643) | 1601 | 1599 |
|  | 2.500  | 12/12/2025 | 01/30/2026 | 1796 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 5.625% due 04/30/2033 | (1828) | 1796 | 1798 |
|  | 3.150  | 12/12/2025 | 01/30/2026 | 2655 | &nbsp;&nbsp; Owens-Brockway Glass Container, Inc. 7.250% due 05/15/2031 | (2681) | 2655 | 2660 |
|  | 3.240  | 12/12/2025 | 01/30/2026 | 1983 | &nbsp;&nbsp; Hillenbrand, Inc. 6.250% due 02/15/2029 | (1990) | 1983 | 1987 |
|  | 3.350  | 12/24/2025 | 01/30/2026 | 273 | &nbsp;&nbsp; CommScope LLC 4.750% due 09/01/2029 | (273) | 272 | 273 |
|  | 3.380  | 12/12/2025 | 01/30/2026 | 2484 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 5.000% due 07/15/2029 | (2530) | 2484 | 2489 |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 9653 | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 5.000% due 04/15/2029 | (166) | 9653 | 9672 |
|  |  |  |  |  | &nbsp;&nbsp; Bath & Body Works, Inc. 6.625% due 10/01/2030 | (780) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Cascades, Inc. 6.750% due 07/15/2030 | (1188) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.830% due 07/15/2029 | (1622) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Chemours Co. 5.375% due 05/15/2027 | (1922) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Clarivate Science Holdings Corp. 4.875% due 07/01/2029 | (3502) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Energizer Holdings, Inc. 4.375% due 03/31/2029 | (98) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Tenet Healthcare Corp. 6.125% due 10/01/2028 | (383) |  |  |
|  | 3.410  | 12/12/2025 | 01/30/2026 | 4651 | &nbsp;&nbsp; Concentra Health Services, Inc. 6.875% due 07/15/2032 | (1160) | 4651 | 4660 |
|  |  |  |  |  | &nbsp;&nbsp; MGM Resorts International 4.750% due 10/15/2028 | (1010) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Marriott Ownership Resorts, Inc. 6.500% due 10/01/2033 | (392) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | (957) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | (1170) |  |  |
| GSC | 2.050  | 12/12/2025 | TBD<sup>(2)</sup> | 62 | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 7.375% due 03/15/2033 | (62) | 61 | 62 |
|  | 3.300  | 12/12/2025 | TBD<sup>(2)</sup> | 398 | &nbsp;&nbsp; Cinemark USA, Inc. 7.000% due 08/01/2032 | (400) | 397 | 399 |
| JPS | 3.350  | 12/12/2025 | 01/30/2026 | 3364 | &nbsp;&nbsp; Adient Global Holdings Ltd. 7.500% due 02/15/2033 | (3396) | 3364 | 3371 |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 2157 | &nbsp;&nbsp; Clarivate Science Holdings Corp. 4.875% due 07/01/2029 | (558) | 2157 | 2161 |
|  |  |  |  |  | &nbsp;&nbsp; MGM Resorts International 6.125% due 09/15/2029 | (1177) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | (429) |  |  |
|  | 3.410  | 12/12/2025 | 01/30/2026 | 1220 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.375% due 03/31/2029 | (314) | 1220 | 1222 |
|  |  |  |  |  | &nbsp;&nbsp; MGM Resorts International 6.125% due 09/15/2029 | (915) |  |  |
|  | 3.420  | 12/12/2025 | 01/30/2026 | 10981 | &nbsp;&nbsp; Amkor Technology, Inc. 5.875% due 10/01/2033 | (1142) | 10981 | 11003 |
|  |  |  |  |  | &nbsp;&nbsp; Chemours Co. 5.750% due 11/15/2028 | (1079) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kodiak Gas Services LLC 6.750% due 10/01/2035 | (630) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Methanex Corp. 5.125% due 10/15/2027 | (1017) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 | (524) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NRG Energy, Inc. 5.250% - 6.250% due 06/15/2029 - 11/01/2034 | (4328) |  |  |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 14 | 23 | 45 | 73 | 162 | 197 | 223 |
|  |  |  |  |  | &nbsp;&nbsp; Science Applications International Corp. 5.875% due 11/01/2033 | (1133) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Vistra Operations Co. LLC 6.875% due 04/15/2032 | (1175) |  |  |
|  | 3.430  | 12/12/2025 | 01/30/2026 | 1272 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 5.250% due 07/15/2031 | (1290) | 1272 | 1275 |
|  | 3.430  | 12/24/2025 | 01/30/2026 | 3624 | &nbsp;&nbsp; Cleveland-Cliffs, Inc. 7.000% due 03/15/2032 | (314) | 3624 | 3627 |
|  |  |  |  |  | &nbsp;&nbsp; Herc Holdings, Inc. 6.000% - 7.000% due 06/15/2030 - 03/15/2034 | (2174) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; K Hovnanian Enterprises, Inc. 8.375% due 10/01/2033 | (1143) |  |  |
| MSC | (1.250)  | 12/12/2025 | 01/30/2026 | 316 | &nbsp;&nbsp; Service Properties Trust 4.375% due 02/15/2030 | (324) | 316 | 316 |
|  | 1.750  | 12/12/2025 | 01/30/2026 | 2424 | &nbsp;&nbsp; TreeHouse Foods, Inc. 4.000% due 09/01/2028 | (2426) | 2424 | 2426 |
|  | 2.250  | 12/12/2025 | 01/30/2026 | 123 | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 7.375% due 03/15/2033 | (124) | 123 | 123 |
|  | 2.500  | 12/12/2025 | 01/30/2026 | 3055 | &nbsp;&nbsp; Sally Holdings LLC 6.750% due 03/01/2032 | (3070) | 3055 | 3059 |
|  | 2.600  | 12/12/2025 | 01/30/2026 | 1983 | &nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc. 7.500% due 06/01/2029 | (2000) | 1983 | 1986 |
|  | 3.000  | 12/12/2025 | 01/30/2026 | 2055 | &nbsp;&nbsp; MGM Resorts International 6.500% due 04/15/2032 | (2079) | 2055 | 2059 |
|  | 3.250  | 12/12/2025 | 01/30/2026 | 5181 | &nbsp;&nbsp; Graphic Packaging International LLC 6.375% due 07/15/2032 | (315) | 5181 | 5191 |
|  |  |  |  |  | &nbsp;&nbsp; Kennedy-Wilson, Inc. 5.000% due 03/01/2031 | (2586) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Owens-Brockway Glass Container, Inc. 7.250% due 05/15/2031 | (206) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Service Properties Trust 4.950% due 10/01/2029 | (2123) |  |  |
|  | 3.300  | 12/12/2025 | 01/30/2026 | 4830 | &nbsp;&nbsp; Caesars Entertainment, Inc. 4.625% due 10/15/2029 | (4266) | 4830 | 4839 |
|  |  |  |  |  | &nbsp;&nbsp; Energizer Holdings, Inc. 4.750% due 06/15/2028 | (597) |  |  |
|  | 3.350  | 12/12/2025 | 01/30/2026 | 2259 | &nbsp;&nbsp; Central Garden & Pet Co. 4.125% due 10/15/2030 | (2276) | 2259 | 2263 |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 3291 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | (81) | 3291 | 3297 |
|  |  |  |  |  | &nbsp;&nbsp; Cinemark USA, Inc. 5.250% due 07/15/2028 | (1127) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 | (1177) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | (931) |  |  |
|  | 3.400  | 12/24/2025 | 01/30/2026 | 749 | &nbsp;&nbsp; ACCO Brands Corp. 4.250% due 03/15/2029 | (753) | 749 | 750 |
|  | 3.420  | 12/12/2025 | 01/30/2026 | 9501 | &nbsp;&nbsp; Chemours Co. 5.750% due 11/15/2028 | (221) | 9501 | 9520 |
|  |  |  |  |  | &nbsp;&nbsp; Concentra Health Services, Inc. 6.875% due 07/15/2032 | (1187) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Constellium SE 3.750% due 04/15/2029 | (1120) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; HLF Financing SARL LLC 4.875% due 06/01/2029 | (2361) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Herc Holdings, Inc. 7.250% due 06/15/2033 | (319) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | (1163) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Marriott Ownership Resorts, Inc. 6.500% due 10/01/2033 | (1103) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NCL Corp. Ltd. 6.250% due 09/15/2033 | (1425) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Newell Brands, Inc. 8.500% due 06/01/2028 | (687) |  |  |
|  | 3.420  | 12/17/2025 | 01/30/2026 | 1045 | &nbsp;&nbsp; NCL Corp. Ltd. 6.750% due 02/01/2032 | (1053) | 1045 | 1047 |
| NOM | 3.400  | 12/12/2025 | 01/30/2026 | 1601 | &nbsp;&nbsp; Cascades, Inc. 6.750% due 07/15/2030 | (756) | 1601 | 1604 |
|  |  |  |  |  | &nbsp;&nbsp; Masterbrand, Inc. 7.000% due 07/15/2032 | (856) |  |  |
|  | 3.420  | 12/12/2025 | 01/30/2026 | 8014 | &nbsp;&nbsp; Avient Corp. 6.250% due 11/01/2031 | (208) | 8014 | 8030 |
|  |  |  |  |  | &nbsp;&nbsp; Caesars Entertainment, Inc. 6.500% due 02/15/2032 | (1154) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Graphic Packaging International LLC 6.375% due 07/15/2032 | (1154) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Methanex Corp. 5.125% due 10/15/2027 | (1119) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 | (839) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NCL Corp. Ltd. 6.250% due 09/15/2033 | (2265) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | (199) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NRG Energy, Inc. 6.000% due 02/01/2033 | (1151) |  |  |
|  | 3.430  | 12/12/2025 | 01/30/2026 | 1133 | &nbsp;&nbsp; Avient Corp. 6.250% due 11/01/2031 | (1143) | 1133 | 1135 |
|  | 3.450  | 12/24/2025 | 01/30/2026 | 1112 | &nbsp;&nbsp; Albertsons Cos., Inc. 5.750% due 03/31/2034 | (1115) | 1112 | 1113 |
| RDR | 2.250  | 12/12/2025 | 01/30/2026 | 2053 | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 7.375% due 03/15/2033 | (2066) | 2053 | 2056 |
|  | 2.600  | 12/12/2025 | 01/30/2026 | 1804 | &nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc. 7.500% due 06/01/2029 | (1820) | 1804 | 1807 |
|  | 2.700  | 12/12/2025 | 01/30/2026 | 2334 | &nbsp;&nbsp; Select Medical Corp. 6.250% due 12/01/2032 | (2361) | 2334 | 2338 |
|  | 2.950  | 12/12/2025 | 01/30/2026 | 858 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 5.625% due 04/30/2033 | (361) | 858 | 859 |
|  |  |  |  |  | &nbsp;&nbsp; Kennedy-Wilson, Inc. 5.000% due 03/01/2031 | (503) |  |  |
|  | 3.000  | 12/12/2025 | 01/30/2026 | 207 | &nbsp;&nbsp; Olin Corp. 5.000% due 02/01/2030 | (208) | 207 | 207 |
|  | 3.100  | 12/12/2025 | 01/30/2026 | 197 | &nbsp;&nbsp; Gray Media, Inc. 5.375% due 11/15/2031 | (200) | 197 | 197 |
|  | 3.250  | 12/12/2025 | 01/30/2026 | 2888 | &nbsp;&nbsp; American Axle & Manufacturing, Inc. 5.000% due 10/01/2029 | (2929) | 2888 | 2893 |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 15689 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | (196) | 15689 | 15270 |
|  |  |  |  |  | &nbsp;&nbsp; Adient Global Holdings Ltd. 7.500% due 02/15/2033 | (191) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Bath & Body Works, Inc. 6.625% due 10/01/2030 | (2600) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Chemours Co. 5.375% due 05/15/2027 | (187) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Clarivate Science Holdings Corp. 4.875% due 07/01/2029 | (143) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Energizer Holdings, Inc. 4.375% - 6.000% due 03/31/2029 - 09/15/2033 | (1873) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Herc Holdings, Inc. 7.250% due 06/15/2033 | (213) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Kennedy-Wilson, Inc. 4.750% due 02/01/2030 | (86) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Masterbrand, Inc. 7.000% due 07/15/2032 | (2450) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | (75) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Newell Brands, Inc. 8.500% due 06/01/2028 | (1136) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Olin Corp. 6.625% due 04/01/2033 | (1664) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Organon & Co. 5.125% due 04/30/2031 | (4335) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Sonic Automotive, Inc. 4.625% due 11/15/2029 | (198) |  |  |
| SAL | 2.875  | 12/12/2025 | 01/30/2026 | 548 | &nbsp;&nbsp; Herc Holdings, Inc. 7.250% due 06/15/2033 | (532) | 548 | 549 |
|  | 3.250  | 12/12/2025 | 01/30/2026 | 3610 | &nbsp;&nbsp; Marriott Ownership Resorts, Inc. 4.500% due 06/15/2029 | (1150) | 3610 | 3617 |
|  |  |  |  |  | &nbsp;&nbsp; Sonic Automotive, Inc. 4.625% due 11/15/2029 | (2471) |  |  |
|  | 3.300  | 12/12/2025 | 01/30/2026 | 787 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | (794) | 787 | 788 |
|  | 3.375  | 12/12/2025 | 01/30/2026 | 1148 | &nbsp;&nbsp; Graphic Packaging International LLC 3.750% due 02/01/2030 | (1158) | 1148 | 1150 |
|  | 3.400  | 12/12/2025 | 01/30/2026 | 39226 | &nbsp;&nbsp; ACCO Brands Corp. 4.250% due 03/15/2029 | (628) | 39226 | 39304 |
|  |  |  |  |  | &nbsp;&nbsp; Acadia Healthcare Co., Inc. 5.000% due 04/15/2029 | (1852) |  |  |
|  |  |  |  |  | &nbsp;&nbsp; Amentum Holdings, Inc. 7.250% due 08/01/2032 | (3409) |  |  |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 9 | 14 | 23 | 45 | 73 | 117 | 118 | 149 | 153 | 154 | 162 | 180 | 191 | 197 | 207 | 223 |
|  |  |  |  | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 |  | (489) | (489) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Cinemark USA, Inc. 7.000% due 08/01/2032 | &nbsp;&nbsp; Cinemark USA, Inc. 7.000% due 08/01/2032 | &nbsp;&nbsp; Cinemark USA, Inc. 7.000% due 08/01/2032 | &nbsp;&nbsp; Cinemark USA, Inc. 7.000% due 08/01/2032 | &nbsp;&nbsp; Cinemark USA, Inc. 7.000% due 08/01/2032 |  | (2135) | (2135) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 | &nbsp;&nbsp; Darling Ingredients, Inc. 6.000% due 06/15/2030 |  | (4078) | (4078) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 4.875% due 03/15/2027 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 4.875% due 03/15/2027 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 4.875% due 03/15/2027 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 4.875% due 03/15/2027 | &nbsp;&nbsp; Goodyear Tire & Rubber Co. 4.875% due 03/15/2027 |  | (2856) | (2856) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 | &nbsp;&nbsp; Herc Holdings, Inc. 6.625% due 06/15/2029 |  | (3239) | (3239) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; MGM Resorts International 4.750% due 10/15/2028 | &nbsp;&nbsp; MGM Resorts International 4.750% due 10/15/2028 | &nbsp;&nbsp; MGM Resorts International 4.750% due 10/15/2028 | &nbsp;&nbsp; MGM Resorts International 4.750% due 10/15/2028 | &nbsp;&nbsp; MGM Resorts International 4.750% due 10/15/2028 |  | (2334) | (2334) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 | &nbsp;&nbsp; NESCO Holdings, Inc. 5.500% due 04/15/2029 |  | (3591) | (3591) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Olin Corp. 5.000% - 6.625% due 02/01/2030 - 04/01/2033 | &nbsp;&nbsp; Olin Corp. 5.000% - 6.625% due 02/01/2030 - 04/01/2033 | &nbsp;&nbsp; Olin Corp. 5.000% - 6.625% due 02/01/2030 - 04/01/2033 | &nbsp;&nbsp; Olin Corp. 5.000% - 6.625% due 02/01/2030 - 04/01/2033 | &nbsp;&nbsp; Olin Corp. 5.000% - 6.625% due 02/01/2030 - 04/01/2033 |  | (3222) | (3222) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% due 06/15/2030 | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% due 06/15/2030 | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% due 06/15/2030 | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% due 06/15/2030 | &nbsp;&nbsp; Perrigo Finance Unlimited Co. 4.900% due 06/15/2030 |  | (2959) | (2959) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% - 7.000% due 04/15/2055 - 03/15/2082 | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% - 7.000% due 04/15/2055 - 03/15/2082 | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% - 7.000% due 04/15/2055 - 03/15/2082 | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% - 7.000% due 04/15/2055 - 03/15/2082 | &nbsp;&nbsp; Rogers Communications, Inc. 5.250% - 7.000% due 04/15/2055 - 03/15/2082 |  | (1636) | (1636) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Sirius XM Radio LLC 3.125% due 09/01/2026 | &nbsp;&nbsp; Sirius XM Radio LLC 3.125% due 09/01/2026 | &nbsp;&nbsp; Sirius XM Radio LLC 3.125% due 09/01/2026 | &nbsp;&nbsp; Sirius XM Radio LLC 3.125% due 09/01/2026 | &nbsp;&nbsp; Sirius XM Radio LLC 3.125% due 09/01/2026 |  | (2110) | (2110) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 | &nbsp;&nbsp; Six Flags Entertainment Corp. 5.250% due 07/15/2029 |  | (1053) | (1053) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 | &nbsp;&nbsp; Terex Corp. 6.250% due 10/15/2032 |  | (2912) | (2912) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 | &nbsp;&nbsp; WESCO Distribution, Inc. 6.375% due 03/15/2033 |  | (744) | (744) |  |  |  |  |
| 3.400  | 12/17/2025 | 01/30/2026 | 524 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.850% due 11/15/2028 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.850% due 11/15/2028 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.850% due 11/15/2028 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.850% due 11/15/2028 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.850% due 11/15/2028 |  | (527) | (527) |  | 524 | 524 | 525 |
| 3.410  | 12/12/2025 | 01/30/2026 | 3411 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.750% due 06/15/2028 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.750% due 06/15/2028 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.750% due 06/15/2028 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.750% due 06/15/2028 | &nbsp;&nbsp; Energizer Holdings, Inc. 4.750% due 06/15/2028 |  | (1094) | (1094) |  | 3411 | 3411 | 3418 |
|  |  |  |  | &nbsp;&nbsp; Forvia SE 6.750% due 09/15/2033 | &nbsp;&nbsp; Forvia SE 6.750% due 09/15/2033 | &nbsp;&nbsp; Forvia SE 6.750% due 09/15/2033 | &nbsp;&nbsp; Forvia SE 6.750% due 09/15/2033 | &nbsp;&nbsp; Forvia SE 6.750% due 09/15/2033 |  | (1157) | (1157) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 | &nbsp;&nbsp; Kioxia Holdings Corp. 6.250% due 07/24/2030 |  | (1163) | (1163) |  |  |  |  |
| 3.420  | 12/12/2025 | 01/30/2026 | 7139 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 | &nbsp;&nbsp; AdaptHealth LLC 4.625% due 08/01/2029 |  | (298) | (298) |  | 7139 | 7139 | 7153 |
|  |  |  |  | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 | &nbsp;&nbsp; Amneal Pharmaceuticals LLC 6.875% due 08/01/2032 |  | (1086) | (1086) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Axalta Coating Systems LLC 3.375% due 02/15/2029 | &nbsp;&nbsp; Axalta Coating Systems LLC 3.375% due 02/15/2029 | &nbsp;&nbsp; Axalta Coating Systems LLC 3.375% due 02/15/2029 | &nbsp;&nbsp; Axalta Coating Systems LLC 3.375% due 02/15/2029 | &nbsp;&nbsp; Axalta Coating Systems LLC 3.375% due 02/15/2029 |  | (1174) | (1174) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Carpenter Technology Corp. 5.625% due 03/01/2034 | &nbsp;&nbsp; Carpenter Technology Corp. 5.625% due 03/01/2034 | &nbsp;&nbsp; Carpenter Technology Corp. 5.625% due 03/01/2034 | &nbsp;&nbsp; Carpenter Technology Corp. 5.625% due 03/01/2034 | &nbsp;&nbsp; Carpenter Technology Corp. 5.625% due 03/01/2034 |  | (1126) | (1126) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Energizer Holdings, Inc. 6.000% due 09/15/2033 | &nbsp;&nbsp; Energizer Holdings, Inc. 6.000% due 09/15/2033 | &nbsp;&nbsp; Energizer Holdings, Inc. 6.000% due 09/15/2033 | &nbsp;&nbsp; Energizer Holdings, Inc. 6.000% due 09/15/2033 | &nbsp;&nbsp; Energizer Holdings, Inc. 6.000% due 09/15/2033 |  | (684) | (684) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 | &nbsp;&nbsp; KIOXIA Holdings Corporation 6.625% due 07/24/2033 |  | (1070) | (1070) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 | &nbsp;&nbsp; Methanex U.S. Operations, Inc. 6.250% due 03/15/2032 |  | (629) | (629) |  |  |  |  |
|  |  |  |  | &nbsp;&nbsp; NRG Energy, Inc. 6.000% due 01/15/2036 | &nbsp;&nbsp; NRG Energy, Inc. 6.000% due 01/15/2036 | &nbsp;&nbsp; NRG Energy, Inc. 6.000% due 01/15/2036 | &nbsp;&nbsp; NRG Energy, Inc. 6.000% due 01/15/2036 | &nbsp;&nbsp; NRG Energy, Inc. 6.000% due 01/15/2036 |  | (1130) | (1130) |  |  |  |  |
| 3.420  | 12/24/2025 | 01/30/2026 | 100 | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 | &nbsp;&nbsp; NCL Corp. Ltd. 5.875% due 01/15/2031 |  | (101) | (101) |  | 100 | 100 | 100 |
| 3.430  | 12/17/2025 | 01/30/2026 | 2998 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.879% due 07/15/2032 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.879% due 07/15/2032 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.879% due 07/15/2032 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.879% due 07/15/2032 | &nbsp;&nbsp; Celanese U.S. Holdings LLC 6.879% due 07/15/2032 |  | (3071) | (3071) |  | 2998 | 2998 | 3003 |
| 3.930  | 12/31/2025 | 01/02/2026 | 12100 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 |  | (12347) | (12347) |  | 12100 | 12100 | 12103 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | **$** | **(454878)** | **(454878)** | **$** | **431230** | **431230** | $**431328** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Maturity Date | Maturity Date | Maturity Date |  |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements<sup>(5)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements<sup>(5)</sup> |
| BOS | BOS | BOS | 2.250%  | 2.250%  | 03/04/2026 | 03/04/2026 | 03/04/2026 | $ | $ | (369) | (369) | (369) | (369) | (369) | (369) |
|  |  |  | 3.250  | 3.250  | 03/04/2026 | 03/04/2026 | 03/04/2026 |  |  | (1708) | (1708) | (1708) | (1708) | (1711) | (1711) |
|  |  |  | 3.500  | 3.500  | 03/04/2026 | 03/04/2026 | 03/04/2026 |  |  | (6691) | (6691) | (6691) | (6691) | (6700) | (6700) |
|  |  |  | 3.530  | 3.530  | 03/04/2026 | 03/04/2026 | 03/04/2026 |  |  | (1475) | (1475) | (1475) | (1475) | (1477) | (1477) |
| BRC | BRC | BRC | 1.250  | 1.250  | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | EUR | EUR | (2386) | (2386) | (2386) | (2386) | (2809) | (2809) |
|  |  |  | 6.700  | 6.700  | 01/09/2026 | 01/09/2026 | 01/09/2026 | ZAR | ZAR | (323758) | (323758) | (323758) | (323758) | (19650) | (19650) |
|  |  |  | 6.700  | 6.700  | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  |  | (314320) | (314320) | (314320) | (314320) | (18981) | (18981) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  | **(51697)** | **(51697)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% | Corporate Bonds & Notes (8.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Banking & Finance (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | 4.750% | 02/01/2030 | $ | $3140 | 3140 | 3140 | $ | $(2840) | (2840) | (2840) | $(3012) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc.  | 5.000 | 03/01/2031 |  | 3225 | 3225 | 3225 |  | (2860) | (2860) | (2860) | (3090) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | 4.375 | 02/15/2030 |  | 2275 | 2275 | 2275 |  | (1820) | (1820) | (1820) | (1967) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust  | 4.950 | 10/01/2029 |  | 2400 | 2400 | 2400 |  | (1998) | (1998) | (1998) | (2124) |
| Total Banking & Finance | Total Banking & Finance | Total Banking & Finance | Total Banking & Finance | Total Banking & Finance | Total Banking & Finance |  |  |  |  |  |  | (9518) | (9518) | (9518) | (10193) |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Industrials (7.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | 5.000% | 04/15/2029 |  | 2260 | 2260 | 2260 |  | (2177) | (2177) | (2177) | (2203) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.  | 7.375 | 03/15/2033 |  | 2370 | 2370 | 2370 |  | (2425) | (2425) | (2425) | (2449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp.  | 4.250 | 03/15/2029 |  | 1467 | 1467 | 1467 |  | (1332) | (1332) | (1332) | (1380) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acushnet Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acushnet Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acushnet Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acushnet Co.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acushnet Co.  | 5.625 | 12/01/2033 |  | 700 | 700 | 700 |  | (707) | (707) | (707) | (714) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth LLC  | 4.625 | 08/01/2029 |  | 1495 | 1495 | 1495 |  | (1402) | (1402) | (1402) | (1484) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | 7.500 | 02/15/2033 |  | 3825 | 3825 | 3825 |  | (3806) | (3806) | (3806) | (4060) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.  | 8.250 | 04/15/2031 |  | 2275 | 2275 | 2275 |  | (2345) | (2345) | (2345) | (2434) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | 5.750 | 03/31/2034 |  | 1100 | 1100 | 1100 |  | (1103) | (1103) | (1103) | (1115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc.  | 7.250 | 08/01/2032 |  | 3142 | 3142 | 3142 |  | (3219) | (3219) | (3219) | (3409) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc.  | 5.000 | 10/01/2029 |  | 3225 | 3225 | 3225 |  | (2927) | (2927) | (2927) | (3150) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amkor Technology, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amkor Technology, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amkor Technology, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amkor Technology, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amkor Technology, Inc.  | 5.875 | 10/01/2033 |  | 1100 | 1100 | 1100 |  | (1118) | (1118) | (1118) | (1142) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC  | 6.875 | 08/01/2032 |  | 1525 | 1525 | 1525 |  | (1589) | (1589) | (1589) | (1657) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atkore, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atkore, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atkore, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atkore, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atkore, Inc.  | 4.250 | 06/01/2031 |  | 1100 | 1100 | 1100 |  | (1055) | (1055) | (1055) | (1061) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avient Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avient Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avient Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avient Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avient Corp.  | 6.250 | 11/01/2031 |  | 1300 | 1300 | 1300 |  | (1327) | (1327) | (1327) | (1351) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC  | 3.375 | 02/15/2029 |  | 1200 | 1200 | 1200 |  | (1157) | (1157) | (1157) | (1174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works, Inc.  | 6.625 | 10/01/2030 |  | 3250 | 3250 | 3250 |  | (3333) | (3333) | (3333) | (3380) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | 4.625 | 10/15/2029 |  | 5275 | 5275 | 5275 |  | (4947) | (4947) | (4947) | (5116) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | 6.000 | 10/15/2032 |  | 1200 | 1200 | 1200 |  | (1157) | (1157) | (1157) | (1183) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.  | 6.500 | 02/15/2032 |  | 1100 | 1100 | 1100 |  | (1120) | (1120) | (1120) | (1155) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp.  | 5.625 | 03/01/2034 |  | 1100 | 1100 | 1100 |  | (1115) | (1115) | (1115) | (1126) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, Inc.  | 6.750 | 07/15/2030 |  | 1800 | 1800 | 1800 |  | (1804) | (1804) | (1804) | (1944) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | 6.830 | 07/15/2029 |  | 1771 | 1771 | 1771 |  | (1842) | (1842) | (1842) | (1915) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | 6.850 | 11/15/2028 |  | 649 | 649 | 649 |  | (680) | (680) | (680) | (685) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC  | 6.879 | 07/15/2032 |  | 2862 | 2862 | 2862 |  | (2957) | (2957) | (2957) | (3072) |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 9 | 101 | 118 | 153 | 191 | 223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Garden & Pet Co.  | 4.125 | 10/15/2030 | 2350 | (2219) | (2276) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours Co.  | 5.375 | 05/15/2027 | 2268 | (2232) | (2294) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours Co.  | 5.750 | 11/15/2028 | 1325 | (1282) | (1300) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cinemark USA, Inc.  | 5.250 | 07/15/2028 | 1114 | (1107) | (1142) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cinemark USA, Inc.  | 7.000 | 08/01/2032 | 2375 | (2449) | (2536) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarivate Science Holdings Corp.  | 4.875 | 07/01/2029 | 4440 | (4163) | (4311) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc.  | 7.500 | 06/01/2029 | 3820 | (3462) | (3821) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.  | 6.750 | 04/15/2030 | 1100 | (1110) | (1148) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.  | 7.000 | 03/15/2032 | 600 | (614) | (628) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.  | 7.500 | 09/15/2031 | 1100 | (1152) | (1186) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Metals Co.  | 5.750 | 11/15/2033 | 1100 | (1119) | (1132) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CommScope LLC  | 4.750 | 09/01/2029 | 269 | (260) | (273) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentra Health Services, Inc.  | 6.875 | 07/15/2032 | 2175 | (2252) | (2347) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Constellium SE  | 3.750 | 04/15/2029 | 1150 | (1097) | (1121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Darling Ingredients, Inc.  | 6.000 | 06/15/2030 | 4775 | (4808) | (4869) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.  | 4.375 | 03/31/2029 | 3676 | (3507) | (3558) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.  | 4.750 | 06/15/2028 | 1700 | (1677) | (1691) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.  | 6.000 | 09/15/2033 | 1825 | (1799) | (1783) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forvia SE  | 6.750 | 09/15/2033 | 1100 | (1115) | (1157) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co.  | 4.875 | 03/15/2027 | 3375 | (3352) | (3442) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co.  | 5.000 | 07/15/2029 | 2975 | (2865) | (3011) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co.  | 5.250 | 07/15/2031 | 1325 | (1250) | (1290) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co.  | 5.625 | 04/30/2033 | 2275 | (2137) | (2189) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International LLC  | 3.750 | 02/01/2030 | 1200 | (1134) | (1158) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International LLC  | 6.375 | 07/15/2032 | 1400 | (1422) | (1469) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gray Media, Inc.  | 5.375 | 11/15/2031 | 1664 | (1168) | (1261) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herc Holdings, Inc.  | 5.750 | 03/15/2031 | 1100 | (1113) | (1120) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herc Holdings, Inc.  | 6.000 | 03/15/2034 | 1100 | (1112) | (1118) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herc Holdings, Inc.  | 6.625 | 06/15/2029 | 3675 | (3738) | (3840) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herc Holdings, Inc.  | 7.000 | 06/15/2030 | 1000 | (1049) | (1056) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herc Holdings, Inc.  | 7.250 | 06/15/2033 | 1047 | (1094) | (1114) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hillenbrand, Inc.  | 6.250 | 02/15/2029 | 2300 | (2330) | (2409) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HLF Financing SARL LLC/Herbalife International, Inc.  | 4.875 | 06/01/2029 | 2500 | (2238) | (2362) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K Hovnanian Enterprises, Inc.  | 8.375 | 10/01/2033 | 1100 | (1114) | (1144) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp.  | 5.875 | 03/01/2034 | 1500 | (1495) | (1521) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kioxia Holdings Corp.  | 0.000 | 07/24/2030 | 3200 | (3282) | (3383) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kioxia Holdings Corp.  | 0.000 | 07/24/2033 | 3100 | (3200) | (3317) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kodiak Gas Services LLC  | 6.750 | 10/01/2035 | 600 | (616) | (630) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lindblad Expeditions LLC  | 7.000 | 09/15/2030 | 1100 | (1138) | (1176) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marriott Ownership Resorts, Inc.  | 4.500 | 06/15/2029 | 1200 | (1147) | (1150) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marriott Ownership Resorts, Inc.  | 6.500 | 10/01/2033 | 2625 | (2595) | (2575) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Masterbrand, Inc.  | 7.000 | 07/15/2032 | 3091 | (3148) | (3306) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Methanex Corp.  | 5.125 | 10/15/2027 | 2100 | (2099) | (2136) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Methanex U.S. Operations, Inc.  | 6.250 | 03/15/2032 | 1900 | (1929) | (1993) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International  | 4.750 | 10/15/2028 | 3312 | (3278) | (3344) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International  | 6.125 | 09/15/2029 | 2500 | (2554) | (2616) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International  | 6.500 | 04/15/2032 | 1990 | (2026) | (2079) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries, Inc.  | 9.125 | 01/31/2030 | 600 | (627) | (653) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL Corp. Ltd.  | 5.875 | 01/15/2031 | 700 | (688) | (710) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL Corp. Ltd.  | 6.250 | 09/15/2033 | 3625 | (3647) | (3691) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL Corp. Ltd.  | 6.750 | 02/01/2032 | 1800 | (1831) | (1895) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NESCO Holdings II, Inc.  | 5.500 | 04/15/2029 | 4305 | (4080) | (4295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newell Brands, Inc.  | 8.500 | 06/01/2028 | 1725 | (1823) | (1824) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olin Corp.  | 5.000 | 02/01/2030 | 2500 | (2392) | (2513) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olin Corp.  | 6.625 | 04/01/2033 | 2747 | (2677) | (2776) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV  | 5.125 | 04/30/2031 | 5375 | (4686) | (4503) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc.  | 7.250 | 05/15/2031 | 3125 | (3148) | (3223) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co.  | 4.900 | 06/15/2030 | 3450 | (3340) | (3348) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perrigo Finance Unlimited Co.  | 6.125 | 09/30/2032 | 3250 | (3240) | (3219) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc.  | 5.250 | 03/15/2082 | 352 | (346) | (358) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc.  | 7.000 | 04/15/2055 | 1445 | (1461) | (1534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc.  | 6.750 | 03/01/2032 | 2875 | (2931) | (3071) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Science Applications International Corp.  | 5.875 | 11/01/2033 | 2200 | (2189) | (2267) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Select Medical Corp.  | 6.250 | 12/01/2032 | 2400 | (2383) | (2361) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio LLC  | 3.125 | 09/01/2026 | 2500 | (2450) | (2512) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp.  | 5.250 | 07/15/2029 | 2288 | (2231) | (2191) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sonic Automotive, Inc.  | 4.625 | 11/15/2029 | 3000 | (2866) | (2965) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare Corp.  | 6.125 | 10/01/2028 | 935 | (935) | (954) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terex Corp.  | 6.250 | 10/15/2032 | 3375 | (3359) | (3510) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TreeHouse Foods, Inc.  | 4.000 | 09/01/2028 | 2400 | (2245) | (2426) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.  | 6.375 | 03/15/2033 | 3450 | (3551) | (3670) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Williams Scotsman, Inc.  | 7.375 | 10/01/2031 | 1100 | (1147) | (1170) |
| Total Industrials | Total Industrials |  |  | (199964) | (205780) |
| &nbsp;&nbsp;&nbsp;&nbsp; Utilities (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Utilities (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Utilities (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Utilities (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Utilities (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp; Utilities (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc.  | 5.250% | 06/15/2029 | 900 | (900) | (908) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc.  | 5.750 | 01/15/2034 | 1100 | (1100) | (1127) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc.  | 6.000 | 02/01/2033 | 2200 | (2232) | (2303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc.  | 6.000 | 01/15/2036 | 2200 | (2219) | (2261) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc.  | 6.250 | 11/01/2034 | 2100 | (2146) | (2181) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC  | 6.875 | 04/15/2032 | 2100 | (2191) | (2244) |
| Total Utilities | Total Utilities |  |  | (10788) | (11024) |
| Total Corporate Bonds & Notes | Total Corporate Bonds & Notes |  |  | (220270) | (226997) |
| U.S. Government Agencies (4.8)% | U.S. Government Agencies (4.8)% | U.S. Government Agencies (4.8)% | U.S. Government Agencies (4.8)% | U.S. Government Agencies (4.8)% | U.S. Government Agencies (4.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000% | 01/01/2056 | 52100 | (42306) | (42128) |

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------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 38 | 58 | 78 | 99 | 100 | 101 | 118 | 133 | 143 | 148 | 166 | 170 | 178 | 191 | 221 | 223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 02/01/2056 | 02/01/2056 |  |  | 107000 | 107000 |  | (86730) |  | (86498) |
|  | Total U.S. Government Agencies | Total U.S. Government Agencies | Total U.S. Government Agencies | Total U.S. Government Agencies | Total U.S. Government Agencies | Total U.S. Government Agencies | Total U.S. Government Agencies |  |  |  |  |  |  |  | (129036) |  | (128626) |
| **Total Short Sales (13.2)%** | **Total Short Sales (13.2)%** | **Total Short Sales (13.2)%** | **Total Short Sales (13.2)%** | **Total Short Sales (13.2)%** | **Total Short Sales (13.2)%** | **Total Short Sales (13.2)%** |  |  |  |  |  |  |  | **$** | **(349306)** | **$** | **(355623)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6400) at a weighted average interest rate of 3.945%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| <sup>(5)</sup> | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(18981) is outstanding at period end. |
| **(n)** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $23 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> | **FUTURE STYLED COMMODITY OPTIONS**<sup>(1)</sup> |
| Description | Description | Description | Description | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts |  | Notional Amount | Notional Amount | Cost | Cost | Cost | Market<br>Value | Market<br>Value |
| Call - CBOE California Carbon Allowances December 2026 Futures  | Call - CBOE California Carbon Allowances December 2026 Futures  | Call - CBOE California Carbon Allowances December 2026 Futures  | Call - CBOE California Carbon Allowances December 2026 Futures  | 45.000 | 12/15/2026 | 12/15/2026 | 12/15/2026 | 12/15/2026 | 276 | $ | $276 | 276 | 450 | 450 | 450 | 87 | 87 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | $**450** | **450** | **450** | **87** | **87** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 176 | 176 | $176 | 176 | (30) | (30) | (30) | (27) | (27) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 60 | 60 | 60 | 60 | (10) | (10) | (10) | (19) | (19) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 236 | 236 | 236 | 236 | (46) | (46) | (46) | (18) | (18) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 127.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 15 | 15 | 15 | 15 | (7) | (7) | (7) | (11) | (11) |
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 130.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 15 | 15 | 15 | 15 | (8) | (8) | (8) | (1) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(101)** | **(101)** | **(101)** | **(76)** | **(76)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 316 | 316 | 76087 | 76087 | 76087 | 76087 | $(251) | (251) | (251) | (251) | $ | $0 | 0 | $0 | 0 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2026 | 316 | 316 | 76385 | 76385 | 76385 | 76385 | (44) | (44) | (44) | (44) |  | 0 | 0 | (16) | (16) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 316 | 316 | 76223 | 76223 | 76223 | 76223 | (174) | (174) | (174) | (174) |  | 0 | 0 | (8) | (8) |
| California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | 12/2026 | 1389 | 1389 | 45698 | 45698 | 45698 | 45698 | 1441 | 1441 | 1441 | 1441 |  | 208 | 208 | 0 | 0 |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 215 | 215 | 18940 | 18940 | 18940 | 18940 | (197) | (197) | (197) | (197) |  | 0 | 0 | (1) | (1) |
| Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 206 | 206 | 25371 | 25371 | 25371 | 25371 | 185 | 185 | 185 | 185 |  | 45 | 45 | (19) | (19) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 3607 | 3607 | 753102 | 753102 | 753102 | 753102 | (53) | (53) | (53) | (53) |  | 0 | 0 | (254) | (254) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 4086 | 4086 | 446619 | 446619 | 446619 | 446619 | (437) | (437) | (437) | (437) |  | 0 | 0 | (479) | (479) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 443 | 443 | 49810 | 49810 | 49810 | 49810 | (83) | (83) | (83) | (83) |  | 0 | 0 | (90) | (90) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 586 | 586 | 69148 | 69148 | 69148 | 69148 | (881) | (881) | (881) | (881) |  | 0 | 0 | (220) | (220) |
|  |  |  |  |  |  |  |  |  | (494) | (494) | (494) | $ | $ | 253 | 253 | (1087) | (1087) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 174 | 174 | (23753) | (23753) | (23753) | (23753) | $183 | 183 | 183 | 183 | $ | $16 | 16 | $0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 323 | 323 | (48424) | (48424) | (48424) | (48424) | 646 | 646 | 646 | 646 |  | 87 | 87 | 0 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 386 | 386 | (48443) | (48443) | (48443) | (48443) | 70 | 70 | 70 | 70 |  | 5 | 5 | 0 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 120 | 120 | (101438) | (101438) | (101438) | (101438) | 672 | 672 | 672 | 672 |  | 222 | 222 | 0 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 735 | 735 | (84961) | (84961) | (84961) | (84961) | 642 | 642 | 642 | 642 |  | 161 | 161 | 0 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 4341 | 4341 | (499283) | (499283) | (499283) | (499283) | 2002 | 2002 | 2002 | 2002 |  | 814 | 814 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | 4215 | 4215 | 4215 | $ | $ | 1305 | 1305 | 0 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **3721** | **3721** | **3721** | **$** | **$** | **1558** | **1558** | **(1087)** | **(1087)** |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 6 | 15 | 16 | 22 | 32 | 34 | 35 | 53 | 55 | 65 | 97 | 114 | 127 | 150 | 182 | 194 | 211 | 225 |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| Boeing Co.  | Boeing Co.  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.273 | 0.273 | % | % | $7000 | 86 | $ | (35) | $ | 51 | 0 | $ | 0 |
| Boeing Co.  | Boeing Co.  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.328 | 0.328 |  |  | 400 | 5 |  | (1) |  | 4 | 0 |  | 0 |
| Deutsche Bank  | Deutsche Bank  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.722 | 0.722 |  |  | 1700 | 19 |  | 8 |  | 27 | 1 |  | 0 |
| General Motors Co.  | General Motors Co.  | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.281 | 0.281 |  |  | $630 | 67 |  | (38) |  | 29 | 0 |  | 0 |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.252 | 0.252 |  |  | 700 | 5 |  | (2) |  | 3 | 0 |  | 0 |
| Lloyds Banking Group PLC  | Lloyds Banking Group PLC  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.993 | 0.993 |  |  | 3400 | (6) |  | 9 |  | 3 | 1 |  | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 |  |  | $3650 | 23 |  | (9) |  | 14 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 199 | $ | (68) | $ | 131 | 2 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | 1.000% | 1.000% | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | $ | $ | 92 | (1) | $ | 1 | $ | 0 | 0 | $ | 0 |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | 5.000 | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  |  | 7363 | 440 |  | 155 |  | 595 | 0 |  | (3) |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 157394 | 11938 |  | 296 |  | 12234 | 0 |  | (65) |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 2900 | 65 |  | 2 |  | 67 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 12442 | $ | 454 | $ | 12896 | 0 | $ | (68) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | Annual | Annual | 09/17/2030 | 09/17/2030 | GBP | 122975 | $(641) | (641) | $1323 | 1323 | 682 | $139 | 139 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.700 | 3.700 | Annual | Annual | 03/28/2034 | 03/28/2034 |  | 650 | (3) | (3) | 17 | 17 | 14 | 0 | 0 | (1) |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/18/2028 | 03/18/2028 | JPY | 20820000 | 433 | 433 | 200 | 200 | 633 | 84 | 84 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.100 | 4.100 | Annual | Annual | 02/10/2026 | 02/10/2026 | $ | 275600 | 320 | 320 | 122 | 122 | 442 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | 1.750 | Semi-Annual | Semi-Annual | 12/21/2026 | 12/21/2026 |  | 239700 | 19924 | 19924 | (15240) | (15240) | 4684 | 87 | 87 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.500 | 1.500 | Semi-Annual | Semi-Annual | 06/21/2027 | 06/21/2027 |  | 31800 | 3206 | 3206 | (2215) | (2215) | 991 | 17 | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.250 | 2.250 | Semi-Annual | Semi-Annual | 06/20/2028 | 06/20/2028 |  | 200 | 18 | 18 | (12) | (12) | 6 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 |  | 77130 | 162 | 162 | (1174) | (1174) | (1012) | 105 | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | Annual | Annual | 03/04/2030 | 03/04/2030 |  | 1600 | (3) | (3) | (18) | (18) | (21) | 2 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.545 | 3.545 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 5500 | 0 | 0 | (20) | (20) | (20) | 9 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.601 | 3.601 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 35690 | 0 | 0 | (219) | (219) | (219) | 57 | 57 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.623 | 3.623 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 11000 | 0 | 0 | (79) | (79) | (79) | 17 | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.664 | 3.664 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 7300 | 0 | 0 | (66) | (66) | (66) | 12 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.677 | 3.677 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 6000 | 0 | 0 | (58) | (58) | (58) | 10 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.689 | 3.689 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 24600 | 0 | 0 | (251) | (251) | (251) | 39 | 39 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.691 | 3.691 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 11600 | 0 | 0 | (120) | (120) | (120) | 18 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.727 | 3.727 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 24100 | 0 | 0 | (288) | (288) | (288) | 38 | 38 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.732 | 3.732 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 22200 | 0 | 0 | (271) | (271) | (271) | 35 | 35 | 0 |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 24 | 35 | 55 | 63 | 97 | 127 | 158 | 194 | 225 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 |  | 15800 | 0 | (195) | (195) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 |  | 3700 | 0 | (46) | (46) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 03/30/2031 |  | 25770 | 5832 | (1896) | 3936 | 44 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 |  | 42200 | (44) | (449) | (493) | 77 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 |  | 126000 | 10 | (1267) | (1257) | 226 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 22780 | (36) | 12 | (24) | 53 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 |  | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 1500 | (6) | (6) | (12) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 2900 | (11) | (17) | (28) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 |  | 1200 | (4) | (4) | (8) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 2500 | (9) | (8) | (17) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 1700 | (6) | (9) | (15) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 2800 | (8) | (18) | (26) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 3000 | (9) | (37) | (46) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 2800 | (8) | (13) | (21) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 |  | 7000 | (21) | 161 | 140 | 16 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 07/14/2044 |  | 2970 | 0 | 155 | 155 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 |  | 51300 | 18802 | 1616 | 20418 | 130 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.999 | Annual | 07/03/2053 |  | 18000 | 5890 | 775 | 6665 | 48 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.842 | Annual | 09/19/2053 |  | 13900 | 4933 | 524 | 5457 | 36 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.874 | Annual | 09/19/2053 |  | 13200 | 4591 | 535 | 5126 | 34 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.060 | Semi-Annual | 10/27/2053 |  | 21110 | 7708 | 740 | 8448 | 57 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 |  | 18800 | 552 | 1669 | 2221 | 60 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 |  | 37100 | 5249 | 798 | 6047 | 114 | 0 |
| Receive | 1-Year BRL-CDI | 14.028 | Maturity | 01/04/2027 | BRL | 6360 | 0 | 3 | 3 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.268 | Maturity | 01/02/2029 |  | 148900 | 0 | 65 | 65 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 1064750 | 234 | (582) | (348) | 0 | (6) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.500 | Quarterly | 04/28/2028 | COP | 90703800 | 6 | 1182 | 1188 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.750 | Quarterly | 09/18/2030 |  | 57240300 | 0 | 1118 | 1118 | 0 | (26) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.650 | Quarterly | 12/17/2030 |  | 293900 | 0 | (3) | (3) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.725 | Quarterly | 12/17/2030 |  | 143300 | 0 | (2) | (2) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.788 | Quarterly | 12/17/2030 |  | 286600 | 0 | (3) | (3) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.655 | Quarterly | 01/24/2035 |  | 2320000 | 0 | (42) | (42) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.820 | Quarterly | 01/24/2035 |  | 13657900 | 0 | (214) | (214) | 3 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 12170 | 2 | (6) | (4) | 0 | (1) |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 1900 | 0 | 0 | 0 | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.730 | Annual | 12/31/2035 |  | 1900 | 0 | 0 | 0 | 0 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 | AUD | 172945 | 727 | (2208) | (1481) | 0 | (194) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 169300 | 2575 | (4847) | (2272) | 0 | (216) |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 | CZK | 67800 | (2) | 9 | 7 | 4 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 |  | 10400 | 0 | 0 | 0 | 1 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.530 | Annual | 12/31/2035 |  | 10320 | 0 | 1 | 1 | 1 | 0 |
| Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 05/11/2027 | EUR | 8500 | (766) | 571 | (195) | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 |  | 5000 | (391) | 316 | (75) | 0 | (1) |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 15500 | 55 | (151) | (96) | 0 | (12) |
| Pay | 6-Month EUR-EURIBOR | 2.415 | Annual | 07/09/2035 |  | 55900 | 0 | (1172) | (1172) | 0 | (71) |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 14 | 16 | 24 | 33 | 49 | 55 | 85 | 95 | 102 | 125 | 140 | 156 | 158 | 192 | 194 | 208 | 223 | 225 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 17020 |  | (31) |  | 391 |  | 360 |  | 23 | 23 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | CAD | 29200 |  | (427) |  | (329) |  | (756) |  | 17 | 17 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $78803 | 78803 | $(21254) | (21254) | $57549 | 57549 | $1689 | 1689 | 1689 | $(533) | (533) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**91444** | **91444** | $**(20868)** | **(20868)** | $**70576** | **70576** | $**1691** | **1691** | **1691** | $**(601)** | **(601)** |
| **(p)** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $78,314 and cash of $7,755 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $0 and liability of $(2) is outstanding at period end. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(q)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $1941 | 1941 | 1941 | JPY | 301777 | 301777 | 301777 | 0 | 0 | 0 | 0 | $(13) | (13) | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | BRL | 19877 | 19877 | 19877 | $ | $3613 | 3613 | 3613 | 0 | 0 | 0 | 0 | (15) | (15) | (15) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 1918947 | 1918947 | 1918947 |  | 503 | 503 | 503 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 918 | 918 | 918 |  | 1077 | 1077 | 1077 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 4565 | 4565 | 4565 |  | 50 | 50 | 50 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 1376546 | 1376546 | 1376546 |  | 946 | 946 | 946 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 6323 | 6323 | 6323 |  | 1730 | 1730 | 1730 | 0 | 0 | 0 | 0 | (32) | (32) | (32) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 18830 | 18830 | 18830 |  | 581 | 581 | 581 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 16228 | 16228 | 16228 |  | 532 | 532 | 532 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $3660 | 3660 | 3660 | BRL | 19877 | 19877 | 19877 | 0 | 0 | 0 | 0 | (33) | (33) | (33) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3645 | 3645 | 3645 | INR | 333123 | 333123 | 333123 | 52 | 52 | 52 | 52 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3927 | 3927 | 3927 | PLN | 14366 | 14366 | 14366 | 74 | 74 | 74 | 74 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 342 | 342 | 342 | TWD | 10783 | 10783 | 10783 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1330 | 1330 | 1330 | ZAR | 22171 | 22171 | 22171 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 9333 | 9333 | 9333 | $ | $2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 5403 | 5403 | 5403 |  | 1696 | 1696 | 1696 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | COP | 900194 | 900194 | 900194 |  | 235 | 235 | 235 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $17319 | 17319 | 17319 | PEN | 58383 | 58383 | 58383 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 458 | 458 | 458 | MXN | 8433 | 8433 | 8433 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | PEN | 14986 | 14986 | 14986 | $ | $4429 | 4429 | 4429 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | $ | $1580 | 1580 | 1580 | ZAR | 28609 | 28609 | 28609 | 119 | 119 | 119 | 119 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 7637 | 7637 | 7637 | $ | $4964 | 4964 | 4964 | 0 | 0 | 0 | 0 | (133) | (133) | (133) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 616 | 616 | 616 |  | 782 | 782 | 782 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 43392 | 43392 | 43392 |  | 6158 | 6158 | 6158 | 0 | 0 | 0 | 0 | (69) | (69) | (69) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 1287 | 1287 | 1287 |  | 1740 | 1740 | 1740 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 8982 | 8982 | 8982 |  | 2762 | 2762 | 2762 | 0 | 0 | 0 | 0 | (58) | (58) | (58) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 143344 | 143344 | 143344 |  | 1590 | 1590 | 1590 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 493900 | 493900 | 493900 |  | 3196 | 3196 | 3196 | 41 | 41 | 41 | 41 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 11234 | 11234 | 11234 |  | 6383 | 6383 | 6383 | 0 | 0 | 0 | 0 | (87) | (87) | (87) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 7635 | 7635 | 7635 |  | 2093 | 2093 | 2093 | 0 | 0 | 0 | 0 | (34) | (34) | (34) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 65178 | 65178 | 65178 |  | 2134 | 2134 | 2134 | 58 | 58 | 58 | 58 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $7032 | 7032 | 7032 | CNH | 49258 | 49258 | 49258 | 31 | 31 | 31 | 31 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 221 | 221 | 221 | COP | 837521 | 837521 | 837521 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 575 | 575 | 575 | IDR | 9626469 | 9626469 | 9626469 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 760 | 760 | 760 | INR | 68659 | 68659 | 68659 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 4884 | 4884 | 4884 | PLN | 17721 | 17721 | 17721 | 52 | 52 | 52 | 52 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 15918 | 15918 | 15918 | TWD | 499122 | 499122 | 499122 | 22 | 22 | 22 | 22 | (46) | (46) | (46) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2927 | 2927 | 2927 | ZAR | 48811 | 48811 | 48811 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 20516 | 20516 | 20516 | $ | $1226 | 1226 | 1226 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 1211274 | 1211274 | 1211274 |  | 315 | 315 | 315 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1664 | 1664 | 1664 | INR | 149906 | 149906 | 149906 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 12 | 12 | 12 | TRY | 531 | 531 | 531 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 4173 | 4173 | 4173 | TWD | 130962 | 130962 | 130962 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CZK | 5327 | 5327 | 5327 | $ | $256 | 256 | 256 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 1730 | 1730 | 1730 |  | 56 | 56 | 56 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 75000 | 75000 | 75000 |  | 13130 | 13130 | 13130 | 0 | 0 | 0 | 0 | (276) | (276) | (276) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $62 | 62 | 62 | KWD | 19 | 19 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | 07/2026  |  | 197 | 197 | 197 |  | 60 | 60 | 60 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 05/2030  | 05/2030  | 05/2030  | KWD | 784 | 784 | 784 | $ | $2700 | 2700 | 2700 | 95 | 95 | 95 | 95 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 49 | 102 | 155 | 208 |
|  | 08/2030  | 202 | 680 | 9 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 2107 | 2446 | 0 | (32) |
|  | 01/2026  | 2352 | 733 | 0 | (5) |
|  | 01/2026  | $1362 | 2038 | 0 | (2) |
|  | 01/2026  | 747 | 2722 | 11 | 0 |
|  | 01/2026  | 5897 | 266359 | 217 | 0 |
|  | 01/2026  | 186917 | $10796 | 0 | (475) |
|  | 02/2026  | 2333 | 724 | 0 | (8) |
|  | 02/2026  | $1250 | 23184 | 31 | 0 |
|  | 02/2026  | 7850 | 355720 | 227 | 0 |
|  | 03/2026  | 3930 | 72769 | 83 | 0 |
|  | 03/2026  | 30805 | 1402897 | 432 | 0 |
|  | 08/2026  | 784 | 13803 | 35 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 109307 | $702 | 4 | 0 |
|  | 01/2026  | 74174 | 21362 | 0 | (702) |
|  | 01/2026  | $8245 | 29238 | 454 | 0 |
|  | 02/2026  | 547570 | $143 | 1 | 0 |
|  | 03/2026  | 20068 | 5745 | 0 | (210) |
|  | 04/2026  | 142500 | 25090 | 23 | (404) |
|  | 05/2026  | 52747 | 15546 | 0 | (66) |
|  | 06/2026  | $8677 | 29416 | 19 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 3323 | $2213 | 0 | (5) |
|  | 01/2026  | 19775 | 3562 | 0 | (47) |
|  | 01/2026  | 16 | 12 | 0 | 0 |
|  | 01/2026  | 45709518 | 11793 | 19 | (181) |
|  | 01/2026  | 6570 | 1025 | 0 | (9) |
|  | 01/2026  | 4320 | 5022 | 0 | (57) |
|  | 01/2026  | 3718 | 364 | 0 | (4) |
|  | 01/2026  | 3082 | 1779 | 4 | 0 |
|  | 01/2026  | 150267 | 43358 | 0 | (1319) |
|  | 01/2026  | 39 | 11 | 0 | 0 |
|  | 01/2026  | 194492 | 4517 | 0 | (14) |
|  | 01/2026  | 323954 | 10677 | 363 | 0 |
|  | 01/2026  | $4719 | 7131 | 40 | 0 |
|  | 01/2026  | 3594 | 19775 | 15 | 0 |
|  | 01/2026  | 4574 | 31934 | 8 | 0 |
|  | 01/2026  | 725 | 2732902 | 0 | (2) |
|  | 01/2026  | 3160 | 2691 | 3 | 0 |
|  | 01/2026  | 392 | 1253 | 2 | 0 |
|  | 01/2026  | 34534 | 3083783 | 21 | (326) |
|  | 01/2026  | 18796 | 63341 | 38 | 0 |
|  | 01/2026  | 484 | 1740 | 0 | 0 |
|  | 01/2026  | 1 | 26 | 0 | 0 |
|  | 01/2026  | 3358 | 104981 | 2 | (18) |
|  | 01/2026  | 5824 | 98732 | 129 | 0 |
|  | 02/2026  | 154765962 | $39783 | 3 | (473) |
|  | 02/2026  | 4295 | 1351 | 2 | 0 |
|  | 02/2026  | 49950 | 14687 | 0 | (146) |
|  | 02/2026  | $3562 | 19922 | 46 | 0 |
|  | 02/2026  | 105 | 3278 | 0 | 0 |
|  | 03/2026  | 976418 | $1048 | 0 | (38) |
|  | 03/2026  | 6098048 | 1608 | 27 | 0 |
|  | 03/2026  | 95471 | 28008 | 0 | (313) |
|  | 03/2026  | 1880 | 60 | 1 | 0 |
|  | 03/2026  | $1082 | 3803 | 47 | 0 |
|  | 04/2026  | 2354573 | $615 | 10 | 0 |
|  | 05/2026  | 140137 | 40735 | 0 | (742) |
|  | 08/2026  | 55610 | 16301 | 0 | (95) |
|  | 11/2026  | 16281 | 4760 | 0 | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 3904 | 1214 | 0 | (12) |
|  | 01/2026  | 404233 | 276 | 0 | (4) |
|  | 01/2026  | 2393 | 1383 | 5 | 0 |
|  | 01/2026  | $225 | 11115 | 6 | 0 |
|  | 01/2026  | 2125 | 6779 | 4 | 0 |
|  | 01/2026  | 11059 | 984813 | 0 | (128) |
|  | 01/2026  | 4222 | 6202966 | 80 | 0 |
|  | 01/2026  | 1218 | 20477 | 17 | 0 |
|  | 01/2026  | 322649 | $18517 | 0 | (938) |
|  | 02/2026  | 6777 | 2125 | 0 | (3) |
|  | 02/2026  | $141 | 4425 | 0 | (1) |
|  | 04/2026  | 160 | 8175 | 6 | 0 |
|  | 09/2026  | 3185750 | $250 | 0 | (1) |
|  | 12/2026  | 4875000 | 375 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 15565 | 10109 | 0 | (278) |
|  | 01/2026  | 20026 | 14555 | 0 | (38) |
|  | 01/2026  | 673 | 840 | 0 | (11) |
|  | 01/2026  | 21629 | 3073 | 0 | (30) |
|  | 01/2026  | 12311 | 16167 | 0 | (428) |
|  | 01/2026  | 8532 | 4888 | 0 | (25) |
|  | 01/2026  | 12294 | 3611 | 0 | (44) |
|  | 01/2026  | 21 | 16 | 0 | 0 |
|  | 01/2026  | $1125 | 3607 | 8 | 0 |
|  | 01/2026  | 6161 | 22529 | 113 | 0 |
|  | 01/2026  | 1227 | 20582 | 14 | 0 |
|  | 01/2026  | 288606 | $16784 | 0 | (619) |
|  | 02/2026  | 3606 | 1125 | 0 | (7) |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 49 | 102 | 155 | 208 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 29788 | 482 | 13 | 0 |
|  | 01/2026  | 1177 | 364 | 0 | (5) |
|  | 01/2026  | 271395 | 185 | 0 | (3) |
|  | 01/2026  | $1498 | 1201 | 19 | 0 |
|  | 01/2026  | 3268 | 23039 | 38 | 0 |
|  | 01/2026  | 188 | 271395 | 0 | (1) |
|  | 01/2026  | 4517 | 16503 | 79 | 0 |
|  | 01/2026  | 619 | 19700 | 7 | 0 |
|  | 01/2026  | 166365 | $9650 | 0 | (382) |
|  | 02/2026  | 511529 | 134 | 1 | 0 |
|  | 02/2026  | $27742 | 152848 | 0 | (59) |
|  | 02/2026  | 2416 | 44818 | 60 | 0 |
|  | 03/2026  | 135 | $25 | 0 | 0 |
|  | 03/2026  | 36705 | 10 | 0 | 0 |
|  | 03/2026  | 10189 | 157 | 0 | (3) |
|  | 03/2026  | $23703 | 130744 | 0 | (154) |
|  | 03/2026  | 1855 | 34411 | 45 | 0 |
|  | 04/2026  | 297300 | $52386 | 142 | (895) |
|  | 04/2026  | $5435 | 99887 | 57 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 3440 | $338 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 90038 | 12784 | 0 | (135) |
|  | 01/2026  | 10798 | 1389 | 1 | 0 |
|  | 01/2026  | 24115 | 7410 | 0 | (162) |
|  | 01/2026  | 132612 | 1490 | 18 | 0 |
|  | 01/2026  | 7924713 | 5523 | 27 | 0 |
|  | 01/2026  | 4392 | 2548 | 19 | 0 |
|  | 01/2026  | 14400 | 3929 | 0 | (81) |
|  | 01/2026  | $4106 | 28841 | 33 | 0 |
|  | 01/2026  | 36 | 256 | 0 | 0 |
|  | 01/2026  | 100 | 4871 | 2 | 0 |
|  | 01/2026  | 4508 | 401430 | 0 | (52) |
|  | 01/2026  | 39523 | 735090 | 1200 | 0 |
|  | 01/2026  | 4633 | 17071 | 122 | 0 |
|  | 01/2026  | 78662 | $4584 | 0 | (159) |
|  | 02/2026  | 220696 | 57 | 0 | 0 |
|  | 02/2026  | $5523 | 7914314 | 0 | (35) |
|  | 02/2026  | 1707 | 31670 | 43 | 0 |
|  | 03/2026  | 356940 | $92 | 0 | 0 |
|  | 03/2026  | $2508 | 45988 | 30 | 0 |
|  | 04/2026  | 6700 | $1131 | 0 | (67) |
|  | 04/2026  | $1441 | 26557 | 20 | 0 |
|  | 06/2027  | 849870 | $63 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 3258 | 2133 | 0 | (42) |
|  | 01/2026  | 38599 | 27425 | 0 | (712) |
|  | 01/2026  | 954 | 1201 | 0 | (4) |
|  | 01/2026  | 14550 | 305 | 0 | 0 |
|  | 01/2026  | 3703 | 4326 | 0 | (27) |
|  | 01/2026  | 1257 | 1689 | 0 | (6) |
|  | 01/2026  | 639685 | 4120 | 33 | 0 |
|  | 01/2026  | 3042 | 1758 | 6 | 0 |
|  | 01/2026  | 17726 | 1861 | 0 | (66) |
|  | 01/2026  | 67135 | 51741 | 0 | (521) |
|  | 01/2026  | $1653 | 2479 | 2 | 0 |
|  | 01/2026  | 400 | 19371 | 6 | 0 |
|  | 01/2026  | 5661 | 4232 | 44 | 0 |
|  | 01/2026  | 517 | 46816 | 3 | 0 |
|  | 01/2026  | 1660 | 258434 | 0 | (9) |
|  | 01/2026  | 1206 | 4420 | 25 | 0 |
|  | 01/2026  | 868 | 28109 | 25 | 0 |
|  | 01/2026  | 527 | 16631 | 3 | 0 |
|  | 02/2026  | 1111 | 20565 | 26 | 0 |
|  | 03/2026  | 1046 | 19252 | 17 | 0 |
|  | 04/2026  | 1161 | 21422 | 17 | 0 |
|  | 05/2026  | 200 | 10196 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 8 | $2 | 0 | 0 |
|  | 01/2026  | $1080 | 168168 | 0 | (6) |
|  | 02/2026  | 8500 | $2640 | 0 | (29) |
|  | 04/2026  | $1199 | 21842 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 662650 | $453 | 0 | (7) |
|  | 01/2026  | $2835 | 4160758 | 51 | 0 |
|  | 01/2026  | 9769 | 440847 | 338 | 0 |
|  | 03/2026  | 2877 | 131586 | 31 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 684 | $853 | 0 | (11) |
|  | 01/2026  | 43126 | 6121 | 0 | (67) |
|  | 01/2026  | 20927 | 230 | 0 | (2) |
|  | 01/2026  | 299892 | 1922 | 6 | 0 |
|  | 01/2026  | 777088 | 25699 | 958 | 0 |
|  | 01/2026  | $958 | 16012151 | 1 | 0 |
|  | 01/2026  | 463 | 41822 | 1 | 0 |
|  | 11/2026  | 533775 | $330 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 84303 | 97602 | 0 | (1513) |
|  | 01/2026  | 317193 | 2028 | 2 | 0 |
|  | 02/2026  | $250 | 12325 | 4 | 0 |
|  | 02/2026  | 1112 | 20576 | 25 | 0 |
|  | 03/2026  | 8847 | $472 | 0 | (16) |
|  | 03/2026  | $1 | 24 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 14 | 29 | 49 | 60 | 82 | 83 | 91 | 93 | 102 | 105 | 109 | 138 | 154 | 155 | 170 | 197 | 207 | 214 |
|  |  | 03/2026  | 03/2026  | 15 | 15 | 15 | 15 | PEN | PEN | 52 | 52 | 52 | 52 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 2859 | 2859 | 2859 | 2859 | $ | $ | 3572 | 3572 | 3572 | 3572 |  | 0 | 0 | 0 |  | (40) |
|  |  | 01/2026  | 01/2026  | 5927 | 5927 | 5927 | 5927 |  |  | 1624 | 1624 | 1624 | 1624 |  | 0 | 0 | 0 |  | (27) |
|  |  | 01/2026  | 01/2026  | $4820 | 4820 | 4820 | 4820 | PLN | PLN | 17486 | 17486 | 17486 | 17486 |  | 51 | 51 | 51 |  | 0 |
|  |  | 01/2026  | 01/2026  | 316056 | 316056 | 316056 | 316056 | $ | $ | 18173 | 18173 | 18173 | 18173 |  | 0 | 0 | 0 |  | (885) |
|  |  | 02/2026  | 02/2026  | $2293 | 2293 | 2293 | 2293 | MXN | MXN | 42489 | 42489 | 42489 | 42489 |  | 54 | 54 | 54 |  | 0 |
|  |  | 03/2026  | 03/2026  | 1054696 | 1054696 | 1054696 | 1054696 | $ | $ | 1134 | 1134 | 1134 | 1134 |  | 0 | 0 | 0 |  | (39) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**6901** | **6901** | **6901** | **$** | $**(15364)** | **(15364)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.350 | 5.350 | 5.350 | 02/04/2026 | 10514 | 10514 | 10514 | $163 | 163 | $ | $38 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1419.000 | 1419.000 | 1419.000 | 02/12/2026 | 6700 | 6700 | 6700 | 42 | 42 |  | 39 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 18.000 | 18.000 | 18.000 | 08/19/2026 | 15771 | 15771 | 15771 | 753 | 753 |  | 1272 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1423.000 | 1423.000 | 1423.000 | 02/12/2026 | 2500 | 2500 | 2500 | 16 | 16 |  | 16 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $974 | 974 | $ | $1365 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.470% | 4.470% | 4.470% | 4.470% | 06/04/2035 | 06/04/2035 | 9800 | 9800 | 9800 | $879 | 879 | $ | $702 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.470 | 4.470 | 4.470 | 4.470 | 06/04/2035 | 06/04/2035 | 9800 | 9800 | 9800 | 879 | 879 |  | 844 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.255 | 3.255 | 3.255 | 3.255 | 08/16/2039 | 08/16/2039 | 31900 | 31900 | 31900 | 3054 | 3054 |  | 1966 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.255 | 3.255 | 3.255 | 3.255 | 08/16/2039 | 08/16/2039 | 31900 | 31900 | 31900 | 3054 | 3054 |  | 3992 |
| DUB | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.757 | 3.757 | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 332800 | 332800 | 332800 | 272 | 272 |  | 173 |
| JPM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.808 | 3.808 | 3.808 | 3.808 | 07/31/2034 | 07/31/2034 | 14700 | 14700 | 14700 | 1289 | 1289 |  | 762 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.808 | 3.808 | 3.808 | 3.808 | 07/31/2034 | 07/31/2034 | 14700 | 14700 | 14700 | 1289 | 1289 |  | 1525 |
| MYC | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.757 | 3.757 | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 286900 | 286900 | 286900 | 221 | 221 |  | 149 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.800 | 3.800 | 3.800 | 3.800 | 07/12/2034 | 07/12/2034 | 29700 | 29700 | 29700 | 2567 | 2567 |  | 1521 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.800 | 3.800 | 3.800 | 3.800 | 07/12/2034 | 07/12/2034 | 29700 | 29700 | 29700 | 2567 | 2567 |  | 3076 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $16071 | 16071 | $ | $14710 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**17045** | **17045** | **$** | $**16075** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.120 | 5.120 | 5.120 | 02/04/2026 | 10514 | 10514 | 10514 | $(25) | (25) | $ | $(2) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.640 | 5.640 | 5.640 | 02/04/2026 | 10514 | 10514 | 10514 | (95) | (95) |  | (99) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1383.000 | 1383.000 | 1383.000 | 02/12/2026 | 6700 | 6700 | 6700 | (14) | (14) |  | (11) |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 17.000 | 17.000 | 17.000 | 08/19/2026 | 31542 | 31542 | 31542 | (754) | (754) |  | (1193) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1385.000 | 1385.000 | 1385.000 | 02/12/2026 | 2500 | 2500 | 2500 | (5) | (5) |  | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(893) | (893) | $ | $(1309) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.551% | 3.551% | 3.551% | 3.551% | 01/05/2026 | 01/05/2026 | 1700 | 1700 | 1700 | $(4) | (4) | $ | $0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.831 | 3.831 | 3.831 | 3.831 | 01/05/2026 | 01/05/2026 | 1700 | 1700 | 1700 | (4) | (4) |  | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.625 | 3.625 | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 1300 | 1300 | 1300 | (3) | (3) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.925 | 3.925 | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 1300 | 1300 | 1300 | (3) | (3) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.622 | 3.622 | 3.622 | 3.622 | 01/29/2026 | 01/29/2026 | 9100 | 9100 | 9100 | (20) | (20) |  | (12) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.882 | 3.882 | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 9100 | 9100 | 9100 | (19) | (19) |  | (27) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.580 | 3.580 | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 5400 | 5400 | 5400 | (13) | (13) |  | 0 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 8 | 29 | 31 | 43 | 47 | 60 | 64 | 66 | 83 | 89 | 105 | 119 | 136 | 146 | 161 | 172 | 195 | 201 | 214 | 218 | 228 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 |  | 5400 |  | (13) | (13) | (13) | (1) | (1) | (1) |
| GLM | GLM | GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.548 | 3.548 | 01/02/2026 | 01/02/2026 |  | 5600 |  | (14) | (14) | (14) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.848 | 3.848 | 01/02/2026 | 01/02/2026 |  | 5600 |  | (14) | (14) | (14) | (1) | (1) | (1) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.578 | 3.578 | 01/12/2026 | 01/12/2026 |  | 3700 |  | (8) | (8) | (8) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.878 | 3.878 | 01/12/2026 | 01/12/2026 |  | 3700 |  | (8) | (8) | (8) | (4) | (4) | (4) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.648 | 3.648 | 01/15/2026 | 01/15/2026 |  | 2000 |  | (5) | (5) | (5) | (1) | (1) | (1) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.928 | 3.928 | 01/15/2026 | 01/15/2026 |  | 2000 |  | (5) | (5) | (5) | (2) | (2) | (2) |
| MYC | MYC | MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 |  | 4300 |  | (11) | (11) | (11) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 |  | 4300 |  | (11) | (11) | (11) | (1) | (1) | (1) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 |  | 4400 |  | (10) | (10) | (10) | (1) | (1) | (1) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 |  | 4400 |  | (10) | (10) | (10) | (2) | (2) | (2) |
| NGF | NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 |  | 7000 |  | (16) | (16) | (16) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 |  | 7000 |  | (16) | (16) | (16) | (11) | (11) | (11) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 |  | 7000 |  | (17) | (17) | (17) | (2) | (2) | (2) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 |  | 7000 |  | (17) | (17) | (17) | (4) | (4) | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (241) | (241) | (241) | $(70) | (70) | (70) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(1134)** | **(1134)** | **(1134)** | $**(1379)** | **(1379)** | **(1379)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| GST | GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000% | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.706% | 1.706% | $700 | 700 | $(6) | (6) | $4 | 4 | $0 | 0 | 0 | $(2) |
| JPM | JPM | Hochtief AG  | Hochtief AG  | Hochtief AG  | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.159 | 0.159 | 5900 | 5900 | 1406 | 1406 | (1070) | (1070) | 336 | 336 | 336 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $1400 | 1400 | $(1066) | (1066) | $336 | 336 | 336 | $(2) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| GST | GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500% | 0.500% | 0.500% | Monthly | Monthly | 11/17/2059 | 11/17/2059 | 900 | $ | (26) | (26) | 29 | $ | 3 | 3 | $ | 0 |
| MYC | MYC | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | 11/17/2059 | 11/17/2059 | 18100 |  | (628) | (628) | 683 |  | 55 | 55 |  | 0 |
| UAG | UAG | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | 11/17/2059 | 11/17/2059 | 12100 |  | (424) | (424) | 460 |  | 36 | 36 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(1078) | (1078) | $1172 | 1172 | $94 | 94 | 94 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**322** | **322** | $**106** | **106** | $**430** | **430** | **430** | $**(2)** |
| **(r)** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $12,001 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 44 | 69 | 79 | 94 | 104 | 117 | 139 | 154 | 165 | 179 | 199 | 226 |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $30654 | 30654 | $10881 | 10881 | $ | 41535 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 259056 | 259056 | 7518 | 7518 |  | 266574 |  |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 176724 | 176724 | 0 | 0 |  | 176724 |  |
| Utilities | Utilities | Utilities | 0 | 0 | 0 | 46581 | 46581 | 36 | 36 |  | 46617 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | 0 | 0 | 0 | 2125 | 2125 | 0 | 0 |  | 2125 |  |
| Illinois | Illinois | Illinois | 0 | 0 | 0 | 856 | 856 | 0 | 0 |  | 856 |  |
| West Virginia | West Virginia | West Virginia | 0 | 0 | 0 | 4264 | 4264 | 0 | 0 |  | 4264 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 1699943 | 1699943 | 0 | 0 |  | 1699943 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 268607 | 268607 | 0 | 0 |  | 268607 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 146483 | 146483 | 26427 | 26427 |  | 172910 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 176456 | 176456 | 0 | 0 |  | 176456 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 0 | 2340 | 2340 | 0 | 0 |  | 2340 |  |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 0 | 1971 | 1971 | 0 | 0 |  | 1971 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 26174 | 26174 | 0 | 0 |  | 26174 |  |
| Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 152259 | 152259 | 0 | 0 |  | 152259 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 530493 | 530493 | 0 | 0 |  | 530493 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Communication Services | Communication Services | Communication Services | 0 | 0 | 0 | 0 | 0 | 346 | 346 |  | 346 |  |
| Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 4242 | 4242 | 4242 | 0 | 0 | 0 | 0 |  | 4242 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 720 | 720 | 720 | 4802 | 4802 | 0 | 0 |  | 5522 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 39037 | 39037 | 0 | 0 |  | 39037 |  |
| Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 1105 | 1105 | 0 | 0 |  | 1105 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 431230 | 431230 | 0 | 0 |  | 431230 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 10837 | 10837 | 0 | 0 |  | 10837 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 1244 | 1244 | 0 | 0 |  | 1244 |  |
|  |  |  | $4962 | 4962 | 4962 | $4013241 | 4013241 | $45208 | 45208 | $ | 4063411 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $566695 | 566695 | 566695 | $0 | 0 | $0 | 0 | $ | 566695 |  |
| Total Investments | Total Investments | Total Investments | $571657 | 571657 | 571657 | $4013241 | 4013241 | $45208 | 45208 | $ | 4630106 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | (226997) | (226997) | 0 | 0 |  | (226997) |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | (128626) | (128626) | 0 | 0 |  | (128626) |  |
|  |  |  | $0 | 0 | 0 | $(355623) | (355623) | $0 | 0 | $ | (355623) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 670 | 670 | 670 | 2666 | 2666 | 0 | 0 |  | 3336 |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 23406 | 23406 | 0 | 0 |  | 23406 |  |
|  |  |  | $670 | 670 | 670 | $26072 | 26072 | $0 | 0 | $ | 26742 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (32) | (32) | (32) | (1732) | (1732) | 0 | 0 |  | (1764) |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (16745) | (16745) | 0 | 0 |  | (16745) |  |
|  |  |  | $(32) | (32) | (32) | $(18477) | (18477) | $0 | 0 | $ | (18509) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $638 | 638 | 638 | $7595 | 7595 | $0 | 0 | $ | 8233 |  |
| Totals | Totals | Totals | $572295 | 572295 | 572295 | $3665213 | 3665213 | $45208 | 45208 | $ | 4282716 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $(3) | $ | 6 | $0 | $ | 688 | $0 | 0 | $0 | 0 | $10881 | $690 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 0 |  | 0 | 0 |  | 75 | 0 | 0 | 0 | 0 | 7518 | 99 |
| Utilities | 0 |  | 0 | 0 |  | 11 | 0 | 0 | 0 | 0 | 36 | 11 |

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<br> Schedule of Investments PIMCO Dynamic Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 3 | 12 | 28 | 38 | 41 | 44 | 75 | 94 | 111 | 139 | 165 | 181 | 190 | 199 | 222 | 226 |
| Non-Agency Mortgage-Backed Securities | 3931 | 25892 |  |  | 0 | 39 | 0 | 837 | 0 | (4272) | (4272) |  | 26427 |  | 535 |
| Asset-Backed Securities | 0 | 0 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 |  | 0 |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | 0 | 0 |  |  | 0 | 0 | 0 | 346 | 0 | 0 | 0 |  | 346 |  | 346 |
| Financials | 762 | 0 |  |  | (787) | 0 | (1299) | 1324 | 0 | 0 | 0 |  | 0 |  | 0 |
| Totals | 18605 | 29638 | $ | $ | $(790) | $45 | $(1299) | $3281 | $0 | $(4272) | (4272) | $ | 45208 | $ | 1681 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $10881 | 10881 | 10881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.843 - 6.670 | 3.843 - 6.670 | 3.843 - 6.670 | 4.246 | 4.246 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 6273 | 6273 | 6273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.360 - 5.429 | 4.360 - 5.429 | 4.360 - 5.429 | 4.889 | 4.889 |
|  |  | 1245 | 1245 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 99.972 | 99.972 | 99.972 |  |  |
| Utilities | Utilities | 36 | 36 | 36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 14.125 | 14.125 | 14.125 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 26427 | 26427 | 26427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | 346 | 346 | 346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $15.542 | 15.542 | 15.542 |  |  |
| Total | Total | $45208 | 45208 | 45208 |  |  |  |  |  |  |  |  |  |  |  |
| Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 98.3% ¤** |  |  |
| **ANGOLA 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Angola Government International Bonds**  |  |  |
| 8.000% due 11/26/2029  | $4361 | $4264 |
| 8.250% due 05/09/2028  | 1400 | 1409 |
| 8.750% due 04/14/2032  | 4900 | 4781 |
| 9.244% due 01/15/2031  | 900 | 907 |
| 9.375% due 05/08/2048  | 1000 | 882 |
| 9.875% due 10/15/2035 (n)  | 1700 | 1684 |
| 9.875% due 10/15/2035  | 6200 | 6143 |
| Total Angola (Cost $18,676) |  | 20070 |
| **ARGENTINA 3.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Pampa Energia SA**  |  |  |
| 7.750% due 11/14/2037  | $3200 | 3175 |
| 7.875% due 12/16/2034  | 3700 | 3729 |
| **Tecpetrol SA** <br>7.625% due 11/03/2030 | 3400 | 3380 |
|  |  | 10284 |
| **SOVEREIGN ISSUES 3.0%**  |  |  |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 16485 | 14086 |
| 3.000% due 07/09/2041 þ  | 1000 | 780 |
| 3.500% due 07/09/2041 þ  | $58801 | 40808 |
| 3.875% due 07/09/2035 þ  | 1000 | 824 |
| 4.125% due 07/09/2035 þ  | $13812 | 10303 |
| 4.125% due 07/09/2046 þ(n)  | 1273 | 909 |
| 5.000% due 01/09/2038 þ  | 10900 | 8491 |
| **Provincia de Buenos Aires/Government Bonds**  |  |  |
| 5.125% due 09/01/2037 þ  | 4959 | 3865 |
| 6.625% due 09/01/2037 þ  | $9368 | 7215 |
| **Provincia de la Rioja**  |  |  |
| 8.500% due 02/24/2028 ^(b)  | 1593 | 996 |
| 8.500% due 02/24/2028  | 3452 | 2158 |
|  |  | 90435 |
| Total Argentina (Cost $76,448) |  | 100719 |
| **ARMENIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Republic of Armenia International Bonds** <br>3.600% due 02/02/2031 | $6900 | 6293 |
| Total Armenia (Cost $6,575) |  | 6293 |
| **AZERBAIJAN 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Southern Gas Corridor CJSC** <br>6.875% due 03/24/2026 | $7400 | 7464 |
| Total Azerbaijan (Cost $7,408) |  | 7464 |
| **BAHRAIN 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Bahrain Government International Bonds**  |  |  |
| 4.250% due 01/25/2028  | $1900 | 1862 |
| 5.250% due 01/25/2033  | 4000 | 3820 |
| 5.450% due 09/16/2032  | 400 | 390 |
| 5.625% due 09/30/2031  | 1700 | 1690 |
| 6.625% due 10/06/2037  | 5400 | 5411 |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **CBB International Sukuk Programme Co. WLL** <br>5.874% due 02/06/2034 | 4600 | 4584 |
| Total Bahrain (Cost $17,831) |  | 17757 |
| **BENIN 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Benin Government International Bonds** <br>6.875% due 01/19/2052 | 500 | 534 |
| Total Benin (Cost $496) |  | 534 |
| **BRAZIL 2.4%**  |  |  |
| **CORPORATE BONDS & NOTES 1.5%**  |  |  |
| **Banco do Brasil SA** <br>8.500% due 07/29/2026 | 136000 | 7626 |
| **Brazil Minas SPE via State of Minas Gerais** <br>5.333% due 02/15/2028 | $14610 | 14692 |
| **CSN Inova Ventures** <br>6.750% due 01/28/2028 | 5300 | 4917 |
| **Unigel Luxembourg SA (11.000% Cash or 12.000% PIK)** <br>11.000% due 12/31/2028 ^(a)(b) | 3639 | 255 |
| **Unigel Luxembourg SA (13.500% Cash or 15.000% PIK)** <br>13.500% due 12/31/2027 ^(a)(b) | 1673 | 343 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 3500 | 3575 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(i) | 168820 | 12631 |
|  |  | 44039 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Brazil Government International Bonds** <br>7.250% due 01/12/2056 | $650 | 645 |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (e) | 100400 | 17724 |
| **Brazil Notas do Tesouro Nacional** <br>6.000% due 08/15/2050 | 61348 | 9797 |
|  |  | 28166 |
| Total Brazil (Cost $81,395) |  | 72205 |
| **BULGARIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.625% due 09/05/2032  | 2700 | 3258 |
| 5.000% due 03/05/2037  | $7000 | 6995 |
| Total Bulgaria (Cost $10,008) |  | 10253 |
| **CAMEROON 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Republic of Cameroon International Bonds** <br>5.950% due 07/07/2032 | 7400 | 7361 |
| Total Cameroon (Cost $6,317) |  | 7361 |
| **CANADA 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Ivanhoe Mines Ltd.** <br>7.875% due 01/23/2030 | $2200 | 2278 |
| Total Canada (Cost $2,200) |  | 2278 |
| **CAYMAN ISLANDS 2.6%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | $1450 | 1450 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **Country Garden Holdings Co. Ltd.** <br>0.000% due 12/31/2031 « | 2311 | 300 |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (e)  | 404 | 5 |
| 0.000% due 12/31/2027 (e)  | 505 | 4 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.000% due 12/31/2028 (e)  | 808 | 5 |
| 0.000% due 12/31/2029 (e)  | 808 | 5 |
| 0.000% due 12/31/2030 (e)  | 1010 | 4 |
| 0.000% due 12/31/2031 (e)  | 1010 | 4 |
| 0.000% due 12/31/2032 (e)  | 1906 | 19 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(e)  | 3468 | 555 |
| 0.000% due 06/23/2028 «(e)  | 412 | 89 |
|  |  | 990 |
| **CORPORATE BONDS & NOTES 1.8%**  |  |  |
| **Bioceanico Sovereign Certificate Ltd.** <br>0.000% due 06/05/2034 (e) | 4789 | 3929 |
| **Country Garden Holdings Co. Ltd. (1.000% Cash or 2.500% PIK)** <br>5.000% due 12/31/2032 « | 1138 | 68 |
| **Energuate Trust 2 0** <br>6.350% due 09/15/2035 | 2000 | 2001 |
| **FWD Group Holdings Ltd.**  |  |  |
| 5.252% due 09/22/2030  | 1800 | 1812 |
| 5.836% due 09/22/2035  | 500 | 506 |
| **Gaci First Investment Co.**  |  |  |
| 4.875% due 02/14/2035  | 7000 | 6977 |
| 5.250% due 01/29/2034  | 9500 | 9766 |
| **ICD Funding Ltd.** <br>3.223% due 04/28/2026 | 600 | 596 |
| **Interoceanica V Finance Ltd.**  |  |  |
| 0.000% due 05/15/2030 (e)  | 2894 | 2435 |
| 7.860% due 05/15/2030  | 2437 | 2541 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 86 | 7 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 679 | 14 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 1137 | 21 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 1371 | 22 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 2066 | 35 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 1944 | 30 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 465 | 11 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 5500 | 6487 |
| **Lima Metro Line 2 Finance Ltd.**  |  |  |
| 4.350% due 04/05/2036  | $153 | 150 |
| 4.350% due 04/05/2036 (n)  | 2371 | 2320 |
| 5.875% due 07/05/2034  | 724 | 754 |
| **Montego Bay Airport Revenue Finance Ltd.** <br>6.600% due 06/15/2035 | 2900 | 2907 |
| **Suci Second Investment Co.** <br>6.000% due 10/25/2028 | 10600 | 11100 |
|  |  | 54489 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Ziraat**<br>6.805% - 7.566% (TSFR3M + 3.100%) due 06/15/2034 «~ | 5100 | 5103 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **KSA Ijarah Sukuk Ltd.** <br>4.875% due 09/09/2035 | 5800 | 5827 |
| **KSA Sukuk Ltd.** <br>3.628% due 04/20/2027 | 8100 | 8070 |
|  |  | 13897 |
| Total Cayman Islands (Cost $75,827) |  | 75929 |
| **CHILE 2.2%**  |  |  |
| **CORPORATE BONDS & NOTES 1.6%**  |  |  |
| **Banco del Estado de Chile** <br>7.950% due 05/02/2029 •(i)(j) | $3500 | 3720 |
| **Corp. Nacional del Cobre de Chile**  |  |  |
| 4.250% due 07/17/2042  | 1600 | 1332 |
| 4.375% due 02/05/2049  | 453 | 360 |
| 4.875% due 11/04/2044  | 1920 | 1681 |
| 5.950% due 01/08/2034  | 1300 | 1361 |
| 6.300% due 09/08/2053  | 3000 | 3074 |
| 6.440% due 01/26/2036  | 12300 | 13350 |
| 6.780% due 01/13/2055  | 8500 | 9172 |
| **Empresa de los Ferrocarriles del Estado**  |  |  |
| 3.068% due 08/18/2050  | 800 | 515 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.830% due 09/14/2061  | 4700 | 3281 |
| **Empresa Nacional del Petroleo**  |  |  |
| 3.450% due 09/16/2031  | 382 | 353 |
| 5.950% due 07/30/2034  | 2800 | 2933 |
| 6.150% due 05/10/2033  | 4800 | 5093 |
| **Engie Energia Chile SA** <br>6.375% due 04/17/2034 | 1200 | 1285 |
|  |  | 47510 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Chile Government International Bonds**  |  |  |
| 3.100% due 05/07/2041 (n)  | 16400 | 12672 |
| 3.100% due 01/22/2061  | 700 | 435 |
| 3.500% due 04/15/2053 (n)  | 4500 | 3226 |
| 5.650% due 01/13/2037  | 2200 | 2329 |
|  |  | 18662 |
| Total Chile (Cost $65,823) |  | 66172 |
|  | SHARES |  |
| **CHINA 0.3%**  |  |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (c)** | 5954799 | 74 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **China Government International Bonds**  |  |  |
| 3.625% due 11/13/2028  | 4600 | 4639 |
| 3.750% due 11/13/2030  | 2900 | 2932 |
|  |  | 7571 |
| Total China (Cost $7,493) |  | 7645 |
| **COLOMBIA 4.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Banco Davivienda SA** <br>8.125% due 07/02/2035 •(j) | $3600 | 3780 |
| **Ecopetrol SA**  |  |  |
| 5.875% due 11/02/2051  | 8100 | 5849 |
| 7.375% due 09/18/2043  | 1100 | 1009 |
|  |  | 10638 |
| **SOVEREIGN ISSUES 4.5%**  |  |  |
| **Colombia Government International Bonds**  |  |  |
| 3.250% due 04/22/2032  | 13800 | 11661 |
| 3.875% due 04/25/2027  | 6100 | 6052 |
| 4.500% due 11/26/2030  | 3500 | 4041 |
| 5.000% due 06/15/2045 (n)  | $1170 | 855 |
| 5.200% due 05/15/2049  | 824 | 608 |
| 5.625% due 02/26/2044 (n)  | 5100 | 4140 |
| 5.750% due 11/26/2034  | 3900 | 4447 |
| 6.125% due 01/18/2041 (n)  | $2000 | 1774 |
| 6.500% due 11/26/2038  | 3900 | 4439 |
| 7.375% due 04/25/2030  | $7800 | 8256 |
| 7.375% due 09/18/2037  | 1125 | 1147 |
| 8.000% due 04/20/2033  | 800 | 862 |
| 8.375% due 11/07/2054 (n)  | 12100 | 12868 |
| **Colombia TES**  |  |  |
| 2.250% due 04/18/2029 (h)  | 26766677 | 6266 |
| 3.000% due 03/25/2033 (h)  | 2065085 | 438 |
| 6.500% due 01/22/2031 (h)  | 48458010 | 12777 |
| 7.000% due 03/26/2031  | 7426300 | 1532 |
| 11.000% due 08/22/2029  | 47241300 | 11823 |
| 11.500% due 07/25/2046  | 2177800 | 514 |
| 11.750% due 01/24/2035  | 48512300 | 11962 |
| 12.750% due 11/28/2040  | 77278300 | 20064 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 13.250% due 02/09/2033  | 28770300 | 7719 |
|  |  | 134245 |
| Total Colombia (Cost $144,786) |  | 144883 |
| **COSTA RICA 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Costa Rica Government International Bonds**  |  |  |
| 5.500% due 11/21/2030  | 13000 | 15666 |
| 7.300% due 11/13/2054  | $3800 | 4277 |
| Total Costa Rica (Cost $18,969) |  | 19943 |
| **CZECH REPUBLIC 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Czechoslovak Group AS** <br>5.250% due 01/10/2031 | 500 | 609 |
| **EPH Financing International AS**  |  |  |
| 5.875% due 11/30/2029  | 4500 | 5665 |
| 6.651% due 11/13/2028  | 2100 | 2666 |
| Total Czech Republic (Cost $8,172) |  | 8940 |
| **DOMINICAN REPUBLIC 2.4%**  |  |  |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Dominican Republic Central Bank Notes** <br>13.000% due 01/30/2026 | 16800 | 267 |
| **Dominican Republic International Bonds**  |  |  |
| 4.875% due 09/23/2032  | $2000 | 1929 |
| 5.300% due 01/21/2041  | 1900 | 1726 |
| 5.875% due 10/28/2035  | 4400 | 4413 |
| 5.875% due 01/30/2060  | 7300 | 6525 |
| 5.950% due 01/25/2027  | 8900 | 9007 |
| 6.000% due 07/19/2028  | 18800 | 19283 |
| 6.000% due 02/22/2033  | 1200 | 1232 |
| 6.400% due 06/05/2049  | 200 | 199 |
| 6.500% due 02/15/2048  | 506 | 507 |
| 6.600% due 06/01/2036  | 800 | 844 |
| 6.850% due 01/27/2045  | 300 | 313 |
| 6.950% due 03/15/2037  | 4200 | 4513 |
| 7.150% due 02/24/2055  | 5200 | 5575 |
| 10.500% due 03/15/2037  | 484000 | 8254 |
| 10.750% due 06/01/2036  | 222400 | 3841 |
| 11.250% due 09/15/2035  | 11200 | 198 |
| 13.625% due 02/03/2033  | 10500 | 202 |
| 13.625% due 02/10/2034  | 165700 | 3209 |
| Total Dominican Republic (Cost $71,313) |  | 72037 |
| **ECUADOR 1.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Corp. Quiport SA** <br>9.000% due 12/15/2037 | $3000 | 3218 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Ecuador Government International Bonds**  |  |  |
| 0.000% due 07/31/2030 (e)(n)  | 5271 | 4518 |
| 5.000% due 07/31/2040 þ  | 6095 | 4767 |
| 6.900% due 07/31/2030 þ  | 10600 | 10515 |
| 6.900% due 07/31/2035 þ  | 18403 | 16269 |
| **Ecuador Social Bonds SARL** <br>0.000% due 01/30/2035 (e) | 663 | 482 |
|  |  | 36551 |
| Total Ecuador (Cost $29,065) |  | 39769 |
| **EGYPT 2.9%**  |  |  |
| **SOVEREIGN ISSUES 2.9%**  |  |  |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 790100 | 16587 |
| **Egypt Government International Bonds**  |  |  |
| 4.750% due 04/16/2026  | 15000 | 17667 |
| 6.375% due 04/11/2031  | 8300 | 10038 |
| 7.053% due 01/15/2032  | $900 | 939 |
| 7.500% due 02/16/2061  | 16900 | 14754 |
| 7.625% due 05/29/2032  | 800 | 855 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.903% due 02/21/2048  | 3650 | 3402 |
| 8.500% due 01/31/2047  | 3500 | 3444 |
| 8.625% due 02/04/2030  | 7300 | 8121 |
| 8.750% due 09/30/2051  | 3250 | 3261 |
| 9.450% due 02/04/2033 (n)  | 6900 | 7934 |
| Total Egypt (Cost $74,554) |  | 87002 |
| **EL SALVADOR 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Comision Ejecutiva Hidroelectrica del Rio Lempa**  |  |  |
| 8.650% due 01/24/2033 (n)  | $6300 | 6766 |
| 8.650% due 01/24/2033  | 1400 | 1504 |
|  |  | 8270 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **El Salvador Government International Bonds**  |  |  |
| 7.650% due 06/15/2035  | 700 | 729 |
| 9.250% due 04/17/2030  | 3700 | 4036 |
| 9.500% due 07/15/2052  | 1000 | 1130 |
| 9.650% due 11/21/2054  | 5900 | 6770 |
|  |  | 12665 |
| Total El Salvador (Cost $18,899) |  | 20935 |
| **FRANCE 0.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **New Immo Holding SA** <br>2.750% due 11/26/2026 | 1000 | 1172 |
| Total France (Cost $1,005) |  | 1172 |
| **GABON 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Gabon Government International Bonds**  |  |  |
| 6.625% due 02/06/2031  | $350 | 272 |
| 9.500% due 02/18/2029  | 2600 | 2259 |
| Total Gabon (Cost $2,663) |  | 2531 |
| **GEORGIA 0.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Georgian Railway JSC** <br>4.000% due 06/17/2028 | $200 | 190 |
| Total Georgia (Cost $187) |  | 190 |
| **GERMANY 0.2%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Stepstone Group MidCo 2 GmbH**<br>6.599% - 7.723% (EUR006M + 4.500%) due 04/26/2032 ~ | 6000 | 6681 |
| Total Germany (Cost $6,293) |  | 6681 |
| **GHANA 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Ghana Government International Bonds**  |  |  |
| 0.000% due 07/03/2026 (e)  | $342 | 336 |
| 0.000% due 01/03/2030 (e)  | 1068 | 946 |
| 1.500% due 01/03/2037  | 2600 | 1461 |
| 5.000% due 07/03/2029 þ  | 7778 | 7657 |
| 5.000% due 07/03/2035 þ  | 4845 | 4445 |
| **Republic of Ghana Government Bonds**  |  |  |
| 8.350% due 02/16/2027  | 3100 | 276 |
| 8.650% due 02/13/2029  | 8574 | 689 |
| 8.800% due 02/12/2030  | 9635 | 742 |
| 8.950% due 02/11/2031  | 23498 | 1744 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Ghana (Cost $16,168) |  | 18296 |
| **GUATEMALA 1.2%**  |  |  |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Guatemala Government Bonds**  |  |  |
| 4.375% due 06/05/2027  | $7000 | 6965 |
| 4.650% due 10/07/2041  | 1000 | 868 |
| 4.875% due 02/13/2028  | 10500 | 10575 |
| 5.375% due 04/24/2032  | 1000 | 1013 |
| 6.050% due 08/06/2031  | 3000 | 3133 |
| 6.125% due 06/01/2050  | 750 | 737 |
| 6.250% due 08/15/2036  | 4500 | 4714 |
| 6.550% due 02/06/2037  | 3800 | 4081 |
| 6.875% due 08/15/2055  | 3700 | 3964 |
| Total Guatemala (Cost $35,379) |  | 36050 |
| **HONDURAS 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Honduras Government International Bonds** <br>8.625% due 11/27/2034 | $1200 | 1352 |
| Total Honduras (Cost $1,200) |  | 1352 |
|  | SHARES |  |
| **HONG KONG 0.2%**  |  |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Country Garden Holdings Co. Ltd.** | 9900 | 1 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **AIA Group Ltd.** <br>3.200% due 09/16/2040 | 400 | 317 |
| **Fortune Star BVI Ltd.**  |  |  |
| 3.950% due 10/02/2026  | 1800 | 2110 |
| 5.000% due 05/18/2026  | $1500 | 1496 |
| 5.050% due 01/27/2027  | 2300 | 2257 |
|  |  | 6180 |
| Total Hong Kong (Cost $5,945) |  | 6181 |
| **HUNGARY 1.8%**  |  |  |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Hungary Government Bonds** <br>4.750% due 11/24/2032 | 1857100 | 5123 |
| **Hungary Government International Bonds**  |  |  |
| 1.625% due 04/28/2032 (n)  | 1400 | 1441 |
| 1.750% due 06/05/2035  | 100 | 94 |
| 2.125% due 09/22/2031  | $4000 | 3455 |
| 3.125% due 09/21/2051 (n)  | 1400 | 867 |
| 5.375% due 09/26/2030  | 900 | 925 |
| 5.375% due 09/26/2030 (n)  | 5500 | 5652 |
| 5.500% due 03/26/2036  | 8600 | 8602 |
| 6.000% due 09/26/2035  | 5100 | 5314 |
| 6.125% due 05/22/2028  | 11700 | 12141 |
| 6.750% due 09/25/2052  | 2300 | 2443 |
| 6.750% due 09/23/2055  | 2900 | 3032 |
| 7.625% due 03/29/2041 (n)  | 4400 | 5166 |
| Total Hungary (Cost $52,969) |  | 54255 |
| **INDIA 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Adani Transmission Step-One Ltd.** <br>4.250% due 05/21/2036 | $865 | 781 |
| **IIFL Finance Ltd.** <br>8.750% due 07/24/2028 | 3800 | 3904 |
| **ReNew Pvt Ltd.** <br>5.875% due 03/05/2027 | 600 | 596 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries** <br>4.500% due 07/14/2028 | 3300 | 3171 |
| Total India (Cost $8,555) |  | 8452 |
| **INDONESIA 3.6%**  |  |  |
| **CORPORATE BONDS & NOTES 2.4%**  |  |  |
| **Freeport Indonesia PT** <br>5.315% due 04/14/2032 | $1700 | 1735 |
| **Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT** <br>5.450% due 05/15/2030 | 14400 | 14873 |
| **Pertamina Hulu Energi PT** <br>5.250% due 05/21/2030 | 9900 | 10101 |
| **Pertamina Persero PT**  |  |  |
| 6.000% due 05/03/2042  | 2430 | 2481 |
| 6.450% due 05/30/2044  | 6900 | 7384 |
| **Perusahaan Perseroan Persero PT Perusahaan Listrik Negara**  |  |  |
| 4.000% due 06/30/2050  | 11800 | 8764 |
| 4.375% due 02/05/2050  | 4300 | 3437 |
| 5.250% due 10/24/2042  | 6600 | 6190 |
| 5.250% due 05/15/2047  | 14100 | 12893 |
| 5.450% due 05/21/2028  | 250 | 256 |
| 6.250% due 01/25/2049  | 4800 | 4944 |
|  |  | 73058 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Indonesia Government International Bonds**  |  |  |
| 1.100% due 03/12/2033  | 3800 | 3712 |
| 3.875% due 01/15/2033  | 2700 | 3203 |
| 4.125% due 01/15/2037  | 5200 | 6131 |
| 4.200% due 10/15/2050  | $400 | 330 |
| 4.900% due 04/16/2036  | 500 | 500 |
| 5.650% due 01/11/2053  | 700 | 711 |
| 6.750% due 01/15/2044  | 2100 | 2435 |
| **Perusahaan Penerbit SBSN Indonesia III**  |  |  |
| 3.800% due 06/23/2050  | 300 | 229 |
| 5.000% due 12/01/2035  | 18800 | 18895 |
| 5.650% due 11/25/2054  | 900 | 910 |
|  |  | 37056 |
| Total Indonesia (Cost $111,969) |  | 110114 |
| **IRELAND 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | $1963 | 1853 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 8100 | 9539 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Avenir Issuer III Ireland DAC** <br>6.000% due 03/22/2027 | $1665 | 1616 |
| **Avenir Issuer IV Ireland DAC** <br>10.750% due 09/15/2028 | 4450 | 4498 |
| **Republic of Angola Via Avenir Issuer II Ireland DAC** <br>6.927% due 02/19/2027 | 9482 | 9245 |
|  |  | 15359 |
| Total Ireland (Cost $26,065) |  | 26751 |
| **ISRAEL 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **ICL Group Ltd.** <br>6.375% due 05/31/2038 | $2919 | 3030 |
| **Israel Electric Corp. Ltd.**  |  |  |
| 3.750% due 02/22/2032  | 3000 | 2815 |
| 4.250% due 08/14/2028  | 2700 | 2671 |
| **Leviathan Bond Ltd.** <br>6.500% due 06/30/2027 | 4600 | 4636 |
|  |  | 13152 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Israel Government International Bonds** <br>4.500% due 01/30/2043 | 1500 | 1328 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **State of Israel** <br>2.500% due 01/15/2030 | 1000 | 930 |
|  |  | 2258 |
| Total Israel (Cost $15,160) |  | 15410 |
| **ITALY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $1500 | 1583 |
| Total Italy (Cost $1,491) |  | 1583 |
| **IVORY COAST 1.6%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.7%**  |  |  |
| **Republic of Cote d'Ivoire**  |  |  |
| 4.916% - 9.488% (EUR006M + 2.850%) due 03/18/2026 «~ | 7900 | 9284 |
| 5.153% - 9.488% (EUR006M + 3.050%) due 03/09/2026 «~ | 10000 | 11733 |
|  |  | 21017 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 6666 | 7604 |
| 5.250% due 03/22/2030  | 847 | 999 |
| 5.750% due 12/31/2032 þ  | $1795 | 1804 |
| 5.750% due 12/31/2032  | 1001 | 1006 |
| 5.875% due 10/17/2031  | 2200 | 2607 |
| 6.625% due 03/22/2048  | 3600 | 3834 |
| 6.875% due 10/17/2040  | 1700 | 1955 |
| 8.075% due 04/01/2036  | $4100 | 4438 |
| 8.250% due 01/30/2037  | 3700 | 4031 |
|  |  | 28278 |
| Total Ivory Coast (Cost $45,461) |  | 49295 |
| **JAMAICA 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **TransJamaican Highway Ltd.** <br>5.750% due 10/10/2036 | $1632 | 1521 |
| Total Jamaica (Cost $1,635) |  | 1521 |
| **JAPAN 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Japan Government Thirty Year Bonds** <br>3.200% due 09/20/2055 | 480000 | 2972 |
| Total Japan (Cost $2,974) |  | 2972 |
| **JORDAN 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Jordan Government International Bonds** <br>7.375% due 10/10/2047 | $5650 | 5683 |
| Total Jordan (Cost $5,389) |  | 5683 |
| **KAZAKHSTAN 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **KazMunayGas National Co. JSC**  |  |  |
| 3.500% due 04/14/2033  | $1885 | 1704 |
| 5.750% due 04/19/2047  | 3070 | 2909 |
| **QazaqGaz NC JSC** <br>4.375% due 09/26/2027 | 1000 | 998 |
| **Tengizchevroil Finance Co. International Ltd.**  |  |  |
| 3.250% due 08/15/2030  | 10800 | 10032 |
| 4.000% due 08/15/2026  | 5600 | 5578 |
|  |  | 21221 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 1987500 | 4072 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kazakhstan Government International Bonds** <br>4.412% due 10/28/2030 | $4400 | 4378 |
|  |  | 8450 |
| Total Kazakhstan (Cost $28,824) |  | 29671 |
| **KENYA 0.8%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Republic of Kenya Government International Bonds**<br>9.186% (PRIME + 5.400%) due 04/05/2028 «~ | $2250 | 2228 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Republic of Kenya Government International Bonds**  |  |  |
| 7.875% due 10/09/2033  | 3500 | 3505 |
| 8.800% due 10/09/2038  | 4900 | 4972 |
| 9.500% due 03/05/2036  | 3300 | 3526 |
| 9.750% due 02/16/2031  | 8900 | 9742 |
|  |  | 21745 |
| Total Kenya (Cost $22,669) |  | 23973 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 3.500% due 03/20/2027  | $1700 | 1693 |
| 4.652% due 10/09/2035  | 14400 | 14417 |
| Total Kuwait (Cost $16,116) |  | 16110 |
| **LATVIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Latvia Government International Bonds** <br>5.125% due 07/30/2034 | $4600 | 4726 |
| Total Latvia (Cost $4,559) |  | 4726 |
| **LEBANON 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Lebanon Government International Bonds**  |  |  |
| 8.250% due 05/17/2034 ^(b)  | $10700 | 2525 |
| 8.250% due 04/12/2049 ^(b)  | 3600 | 839 |
| Total Lebanon (Cost $1,538) |  | 3364 |
|  | SHARES |  |
| **LUXEMBOURG 4.5%**  |  |  |
| **COMMON STOCKS 0.2%**  |  |  |
| **Drillco Holdings Luxembourg SA «(l)** | 154744 | 3491 |
| **Foresea Holdings SA «** | 61095 | 1379 |
|  |  | 4870 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 1.9%**  |  |  |
| **Chile Electricity Lux MPC II SARL**  |  |  |
| 5.580% due 10/20/2035  | 1271 | 1304 |
| 5.672% due 10/20/2035  | 1262 | 1314 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 2689 | 2654 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 5.853% due 02/23/2036  | 3800 | 3979 |
| 6.103% due 08/23/2042  | 4700 | 4904 |
| 6.129% due 02/23/2038  | 8200 | 8721 |
| 6.510% due 02/23/2042  | 3400 | 3718 |
| **Guara Norte SARL** <br>5.198% due 06/15/2034 | 8913 | 8707 |
| **Kernel Holding SA** <br>6.750% due 10/27/2027 | 1500 | 1414 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Poinsettia Finance Ltd. SARL** <br>6.625% due 06/17/2031 | 4472 | 4393 |
| **PRIO Luxembourg Holding SARL** <br>6.750% due 10/15/2030 | 4400 | 4286 |
| **Raizen Fuels Finance SA**  |  |  |
| 5.700% due 01/17/2035  | 800 | 613 |
| 6.250% due 07/08/2032  | 5500 | 4627 |
| 6.450% due 03/05/2034  | 1000 | 816 |
| **Saavi Energia SARL** <br>8.875% due 02/10/2035 | 3700 | 4017 |
|  |  | 55467 |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 71600 | 73021 |
| Total Luxembourg (Cost $129,914) |  | 133358 |
| **MACEDONIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **North Macedonia Government International Bonds** <br>6.960% due 03/13/2027 | 8000 | 9750 |
| Total Macedonia (Cost $8,735) |  | 9750 |
| **MALAYSIA 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 3.404% due 04/28/2061  | $1200 | 817 |
| 4.800% due 04/21/2060  | 5230 | 4727 |
| 5.848% due 04/03/2055  | 13600 | 14238 |
| Total Malaysia (Cost $20,005) |  | 19782 |
| **MEXICO 7.4%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Hipotecaria Su Casita SA «(c)** | 93349 | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 4.1%**  |  |  |
| **Banco Mercantil del Norte SA**  |  |  |
| 6.625% due 01/24/2032 •(i)(j)  | 800 | 786 |
| 8.375% due 10/14/2030 •(i)(j)  | 700 | 745 |
| 8.375% due 05/20/2031 •(i)(j)  | 2100 | 2208 |
| 8.750% due 05/20/2035 •(i)(j)  | 4000 | 4287 |
| **Banco Nacional de Comercio Exterior SNC** <br>5.875% due 05/07/2030 | 1700 | 1762 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico** <br>7.625% due 02/11/2035 •(j) | 2700 | 2842 |
| **Gruma SAB de CV** <br>5.761% due 12/09/2054 | 1100 | 1106 |
| **Industrias Penoles SAB de CV** <br>4.750% due 08/06/2050 | 2900 | 2429 |
| **Minera Mexico SA de CV** <br>4.500% due 01/26/2050 | 1600 | 1354 |
| **Petroleos Mexicanos**  |  |  |
| 6.350% due 02/12/2048  | 6038 | 4744 |
| 6.375% due 01/23/2045  | 11850 | 9582 |
| 6.500% due 06/02/2041  | 17100 | 14820 |
| 6.625% due 06/15/2035 (n)  | 1225 | 1163 |
| 6.700% due 02/16/2032 (n)  | 36420 | 36345 |
| 6.950% due 01/28/2060  | 13420 | 10934 |
| 7.690% due 01/23/2050  | 17300 | 15516 |
| 10.000% due 02/07/2033  | 9700 | 11246 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Trust Fibra Uno** <br>6.390% due 01/15/2050 (n) | 600 | 569 |
|  |  | 122438 |
| **SOVEREIGN ISSUES 3.3%**  |  |  |
| **Mexico Government International Bonds**  |  |  |
| 2.250% due 08/12/2036  | 5100 | 4802 |
| 3.750% due 01/11/2028  | $16200 | 16068 |
| 3.771% due 05/24/2061  | 4200 | 2601 |
| 4.000% due 03/15/2115  | 1000 | 825 |
| 5.000% due 04/27/2051  | $1300 | 1048 |
| 5.125% due 03/19/2038  | 2700 | 3157 |
| 5.375% due 03/22/2033  | $3500 | 3481 |
| 5.625% due 09/22/2035  | 3400 | 3358 |
| 5.750% due 10/12/2110  | 10300 | 8678 |
| 5.850% due 07/02/2032  | 10652 | 10957 |
| 6.338% due 05/04/2053  | 299 | 286 |
| 6.400% due 05/07/2054  | 2200 | 2121 |
| 6.625% due 01/29/2038  | 3200 | 3347 |
| 6.875% due 05/13/2037  | 8600 | 9198 |
| 7.375% due 05/13/2055  | 26000 | 28073 |
| **Mexico Udibonos** <br>4.000% due 11/30/2028 (h) | 780 | 43 |
|  |  | 98043 |
| Total Mexico (Cost $214,543) |  | 220481 |
| **MONGOLIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **City of Ulaanbaatar Mongolia** <br>7.750% due 08/21/2027 | $1100 | 1134 |
| **Mongolia Government International Bonds** <br>7.875% due 06/05/2029 | 500 | 534 |
| Total Mongolia (Cost $1,618) |  | 1668 |
| **MOROCCO 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **OCP SA**  |  |  |
| 3.750% due 06/23/2031  | $6650 | 6233 |
| 5.125% due 06/23/2051  | 13700 | 11354 |
| 6.700% due 03/01/2036  | 2100 | 2255 |
| Total Morocco (Cost $19,744) |  | 19842 |
|  | SHARES |  |
| **NETHERLANDS 0.7%**  |  |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Stichting Administratiekantoor «(c)** | 13778 | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **NE Property BV** <br>1.875% due 10/09/2026 | 200 | 233 |
| **Prosus NV**  |  |  |
| 1.539% due 08/03/2028  | 500 | 567 |
| 2.031% due 08/03/2032  | 600 | 634 |
| 3.061% due 07/13/2031  | $200 | 182 |
| 3.257% due 01/19/2027  | 1000 | 986 |
| 3.680% due 01/21/2030  | 900 | 864 |
| 4.027% due 08/03/2050  | 600 | 417 |
| **Unigel Netherlands Holding Corp. BV (15.000% Cash or 15.000% PIK)** <br>15.000% due 12/31/2044 ^(a)(b) | 2957 | 96 |
| **Yinson Bergenia Production BV** <br>8.498% due 01/31/2045 | 6400 | 6718 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Yinson Boronia Production BV** <br>8.947% due 07/31/2042 | 4219 | 4606 |
|  |  | 15303 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **VEON Amsterdam BV**<br>8.206% (TSFR3M + 4.250%) due 03/25/2027 «~ | 5900 | 5900 |
| Total Netherlands (Cost $20,975) |  | 21203 |
| **NIGERIA 2.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **BOI Finance BV** <br>7.500% due 02/16/2027 | 10900 | 13210 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Bank of Industry Ltd.**<br>3.754% - 9.719% (EUR003M + 1.700%) due 08/23/2027 ~ | 3900 | 4571 |
| **SOVEREIGN ISSUES 1.4%**  |  |  |
| **Nigeria Government International Bonds**  |  |  |
| 6.125% due 09/28/2028  | $2900 | 2921 |
| 6.500% due 11/28/2027  | 9300 | 9464 |
| 7.143% due 02/23/2030  | 800 | 831 |
| 7.375% due 09/28/2033  | 800 | 816 |
| 7.625% due 11/28/2047  | 1200 | 1137 |
| 7.696% due 02/23/2038  | 5600 | 5610 |
| 7.875% due 02/16/2032  | 3800 | 3980 |
| 8.631% due 01/13/2036  | 5150 | 5537 |
| 8.747% due 01/21/2031  | 650 | 709 |
| 9.130% due 01/13/2046  | 4900 | 5273 |
| 9.625% due 06/09/2031  | 4300 | 4893 |
| 10.375% due 12/09/2034  | 1500 | 1783 |
|  |  | 42954 |
| Total Nigeria (Cost $56,568) |  | 60735 |
| **OMAN 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **AL Jawaher Assets Co. Spc** <br>4.662% due 10/29/2030 | $7300 | 7243 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Oman Government International Bonds**  |  |  |
| 5.625% due 01/17/2028  | 3830 | 3924 |
| 6.000% due 08/01/2029  | 5900 | 6191 |
| 6.750% due 10/28/2027  | 1300 | 1354 |
| 7.000% due 01/25/2051  | 7500 | 8557 |
|  |  | 20026 |
| Total Oman (Cost $25,749) |  | 27269 |
| **PAKISTAN 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Pakistan Government International Bonds**  |  |  |
| 6.000% due 04/08/2026  | $10000 | 9989 |
| 6.875% due 12/05/2027  | 1000 | 1010 |
| 7.375% due 04/08/2031  | 2900 | 2890 |
| **Pakistan Water & Power Development Authority** <br>7.500% due 06/04/2031 | 900 | 858 |
| Total Pakistan (Cost $14,094) |  | 14747 |
| **PANAMA 1.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Aeropuerto Internacional de Tocumen SA** <br>5.125% due 08/11/2061 | $3100 | 2523 |
| **Banco General SA**  |  |  |
| 5.250% due 05/07/2031 •(i)(j)  | 3200 | 3032 |
| 5.250% due 05/07/2031 •(i)  | 800 | 758 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ENA Norte Trust** <br>4.950% due 04/25/2028 | 466 | 457 |
|  |  | 6770 |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **Panama Government International Bonds**  |  |  |
| 4.300% due 04/29/2053  | 2870 | 2164 |
| 4.500% due 05/15/2047  | 200 | 159 |
| 4.500% due 01/19/2063  | 4800 | 3593 |
| 6.400% due 02/14/2035 (n)  | 1000 | 1057 |
| 6.700% due 01/26/2036 (n)  | 13900 | 14989 |
| 6.853% due 03/28/2054 (n)  | 2700 | 2822 |
| 7.875% due 03/01/2057 (n)  | 8300 | 9698 |
| 8.000% due 03/01/2038  | 2300 | 2691 |
| 8.125% due 04/28/2034  | 2860 | 3303 |
| 8.875% due 09/30/2027  | 3700 | 3975 |
|  |  | 44451 |
| Total Panama (Cost $51,020) |  | 51221 |
| **PARAGUAY 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Paraguay Government International Bonds**  |  |  |
| 2.739% due 01/29/2033  | $800 | 716 |
| 3.849% due 06/28/2033  | 600 | 569 |
| 5.400% due 03/30/2050  | 200 | 188 |
| 5.600% due 03/13/2048  | 200 | 193 |
| 5.850% due 08/21/2033  | 700 | 745 |
| 6.000% due 02/09/2036  | 2300 | 2473 |
| 6.650% due 03/04/2055  | 4000 | 4358 |
| 7.900% due 02/09/2031  | 23766000 | 3447 |
| 8.500% due 03/04/2035  | 16023000 | 2328 |
| Total Paraguay (Cost $14,353) |  | 15017 |
| **PERU 2.4%**  |  |  |
| **CORPORATE BONDS & NOTES 1.6%**  |  |  |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 25000 | 7884 |
| 10.100% due 12/15/2043  | 12400 | 4012 |
| **InRetail Consumer** <br>3.250% due 03/22/2028 | $14600 | 14270 |
| **Kallpa Generacion SA** <br>5.875% due 01/30/2032 | 1300 | 1356 |
| **Niagara Energy SAC** <br>5.746% due 10/03/2034 | 2500 | 2552 |
| **Petroleos del Peru SA**  |  |  |
| 4.750% due 06/19/2032  | 3800 | 2805 |
| 5.625% due 06/19/2047  | 21800 | 13880 |
|  |  | 46759 |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Peru Government Bonds**  |  |  |
| 5.400% due 08/12/2034  | 2000 | 594 |
| 6.150% due 08/12/2032  | 5200 | 1670 |
| 7.300% due 08/12/2033  | 15800 | 5364 |
| **Peru Government International Bonds**  |  |  |
| 5.875% due 08/08/2054 (n)  | $9700 | 9635 |
| 6.200% due 06/30/2055  | 5900 | 6072 |
| 6.900% due 08/12/2037  | 700 | 218 |
| 6.950% due 08/12/2031  | 2241 | 741 |
|  |  | 24294 |
| Total Peru (Cost $69,370) |  | 71053 |
| **PHILIPPINES 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **PLDT, Inc.** <br>3.450% due 06/23/2050 | $4700 | 3388 |
| **San Miguel Global Power Holdings Corp.** <br>8.125% due 12/02/2029 •(i) | 4500 | 4557 |
|  |  | 7945 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Philippines Government International Bonds** <br>3.700% due 03/01/2041 | 5500 | 4609 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Philippines (Cost $13,772) |  | 12554 |
| **POLAND 1.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **ORLEN SA** <br>6.000% due 01/30/2035 | $2700 | 2850 |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Bank Gospodarstwa Krajowego**  |  |  |
| 5.750% due 07/09/2034  | 10400 | 10963 |
| 6.250% due 07/09/2054  | 8400 | 8743 |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.875% due 02/12/2030  | 900 | 928 |
| 4.875% due 10/04/2033  | 600 | 611 |
| 5.125% due 09/18/2034  | 400 | 410 |
| 5.375% due 02/12/2035  | 4300 | 4468 |
| 5.500% due 04/04/2053  | 5100 | 4910 |
|  |  | 31033 |
| Total Poland (Cost $33,102) |  | 33883 |
| **QATAR 1.7%**  |  |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **QatarEnergy**  |  |  |
| 2.250% due 07/12/2031  | $13700 | 12348 |
| 3.125% due 07/12/2041  | 8650 | 6671 |
| 3.300% due 07/12/2051  | 30000 | 21033 |
| **Qatarenergy LNG S3** <br>5.838% due 09/30/2027 | 2700 | 2746 |
|  |  | 42798 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Global Sukuk Ventures** <br>4.250% due 11/10/2035 | 8800 | 8732 |
| Total Qatar (Cost $53,061) |  | 51530 |
| **ROMANIA 2.3%**  |  |  |
| **SOVEREIGN ISSUES 2.3%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 2.124% due 07/16/2031  | 4450 | 4590 |
| 2.125% due 03/07/2028  | 500 | 578 |
| 2.375% due 04/19/2027  | 350 | 410 |
| 2.875% due 04/13/2042  | 4600 | 3571 |
| 3.375% due 01/28/2050  | 4000 | 3017 |
| 3.500% due 04/03/2034 (n)  | 900 | 936 |
| 3.750% due 02/07/2034  | 200 | 212 |
| 3.875% due 10/29/2035  | 1800 | 1847 |
| 4.625% due 04/03/2049  | 1000 | 926 |
| 5.125% due 09/24/2031  | 1600 | 1925 |
| 5.250% due 03/10/2030  | 8200 | 10085 |
| 5.250% due 05/30/2032  | 4600 | 5530 |
| 5.375% due 06/07/2033  | 4800 | 5702 |
| 5.625% due 05/30/2037  | 5400 | 6184 |
| 5.750% due 09/16/2030  | $6600 | 6818 |
| 6.375% due 09/18/2033  | 2800 | 3529 |
| 6.500% due 10/07/2045  | 3000 | 3511 |
| 6.750% due 07/11/2039  | 7600 | 9317 |
| Total Romania (Cost $68,373) |  | 68688 |
| **RUSSIA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Russia Foreign Bonds - Eurobond** <br>7.500% due 03/31/2030 | $110 | 73 |
| Total Russia (Cost $20) |  | 73 |
| **RWANDA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Rwanda International Government Bonds** <br>5.500% due 08/09/2031 | $1200 | 1117 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Rwanda (Cost $980) |  | 1117 |
| **SAUDI ARABIA 2.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 3.500% due 11/24/2070  | $3200 | 2027 |
| 4.250% due 04/16/2039  | 3100 | 2834 |
| 5.750% due 07/17/2054  | 3700 | 3614 |
| 5.875% due 07/17/2064  | 6700 | 6518 |
| 6.375% due 06/02/2055  | 8900 | 9315 |
|  |  | 24308 |
| **SOVEREIGN ISSUES 2.0%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.450% due 02/02/2061  | 8000 | 5116 |
| 3.750% due 01/21/2055  | 4200 | 2978 |
| 4.500% due 10/26/2046  | 32700 | 27990 |
| 4.625% due 10/04/2047  | 1400 | 1216 |
| 5.000% due 01/18/2053  | 200 | 178 |
| 5.125% due 01/13/2028  | 21800 | 22283 |
|  |  | 59761 |
| Total Saudi Arabia (Cost $89,154) |  | 84069 |
| **SENEGAL 0.8%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Republic of Senegal Ministry of Finance & Budget**<br>7.944% (EUR006M + 5.800%) due 12/22/2028 «~ | 3750 | 3088 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Senegal Government International Bonds**  |  |  |
| 4.750% due 03/13/2028  | 10700 | 8744 |
| 5.375% due 06/08/2037  | 11700 | 7485 |
| 6.250% due 05/23/2033  | $5600 | 3267 |
| 7.750% due 06/10/2031  | 1300 | 772 |
|  |  | 20268 |
| Total Senegal (Cost $29,585) |  | 23356 |
| **SERBIA 1.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Tesler**<br>7.897% (EUR003M + 5.850%) due 05/21/2028 «~ | 4500 | 5231 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 1.000% due 09/23/2028  | 500 | 549 |
| 1.500% due 06/26/2029  | 7700 | 8404 |
| 1.650% due 03/03/2033 (n)  | 2400 | 2360 |
| 3.125% due 05/15/2027  | 6620 | 7749 |
| 6.000% due 06/12/2034 (n)  | $600 | 622 |
| 6.250% due 05/26/2028  | 300 | 312 |
| 6.500% due 09/26/2033  | 3600 | 3860 |
| 6.500% due 09/26/2033 (n)  | 3800 | 4075 |
|  |  | 27931 |
| Total Serbia (Cost $31,765) |  | 33162 |
| **SINGAPORE 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | $1600 | 1678 |
| Total Singapore (Cost $1,577) |  | 1678 |
| **SOUTH AFRICA 2.9%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Eskom Holdings**  |  |  |
| 4.314% due 07/23/2027  | $9100 | 9054 |
| 6.350% due 08/10/2028  | 11400 | 11827 |
| 8.450% due 08/10/2028  | 2800 | 3006 |
| **Sasol Financing USA LLC**  |  |  |
| 6.500% due 09/27/2028  | 1150 | 1134 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.750% due 05/03/2029  | 5500 | 5604 |
|  |  | 30625 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Transnet SOC Ltd.**<br>11.125% due 03/02/2028 «~ | 55000 | 3331 |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.500% due 01/31/2037  | 29300 | 1759 |
| 8.875% due 02/28/2035  | 508100 | 32020 |
| **Republic of South Africa Government International Bonds**  |  |  |
| 4.300% due 10/12/2028  | $6100 | 6077 |
| 7.100% due 11/19/2036  | 1200 | 1290 |
| 7.250% due 12/11/2055  | 6100 | 6057 |
| 7.950% due 11/19/2054  | 6300 | 6788 |
|  |  | 53991 |
| Total South Africa (Cost $80,837) |  | 87947 |
| **SOUTH KOREA 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **SK Hynix, Inc.** <br>6.500% due 01/17/2033 | $7500 | 8276 |
| Total South Korea (Cost $7,985) |  | 8276 |
| **SPAIN 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU** <br>8.499% due 06/30/2032 | $2800 | 2907 |
| Total Spain (Cost $2,800) |  | 2907 |
| **SRI LANKA 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Sri Lanka Government International Bonds**  |  |  |
| 3.100% due 01/15/2030 þ  | $3686 | 3513 |
| 3.350% due 03/15/2033 þ  | 5188 | 4470 |
| 3.600% due 05/15/2036 þ  | 2009 | 1833 |
| 3.600% due 02/15/2038 þ  | 5221 | 4775 |
| 4.000% due 04/15/2028  | 1495 | 1435 |
| Total Sri Lanka (Cost $13,696) |  | 16026 |
| **SUPRANATIONAL 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Africa Finance Corp.** <br>2.870% due 08/13/2031 | $200 | 181 |
| **African Development Bank** <br>5.875% due 05/07/2035 •(i)(j) | 7400 | 7409 |
| **Banque Ouest Africaine de Developpement** <br>6.250% due 10/14/2040 | 4700 | 5414 |
| Total Supranational (Cost $13,043) |  | 13004 |
| **SURINAME 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Suriname Government International Bonds** <br>7.700% due 11/06/2030 (n) | $4200 | 4342 |
| Total Suriname (Cost $4,150) |  | 4342 |
| **TANZANIA 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **United Republic of Tanzania**<br>7.499% (EUR006M + 5.400%) due 04/26/2028 «~ | 2364 | 2799 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Tanzania (Cost $2,774) |  | 2799 |
| **THAILAND 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Bangkok Bank PCL** <br>5.082% due 11/26/2035 | $6100 | 6097 |
| **GC Treasury Center Co. Ltd.**  |  |  |
| 6.500% due 09/10/2030 •(i)  | 4600 | 4661 |
| 7.125% due 03/10/2035 •(i)  | 2200 | 2241 |
| **PTTEP Treasury Center Co. Ltd.** <br>2.587% due 06/10/2027 | 400 | 391 |
| Total Thailand (Cost $13,326) |  | 13390 |
| **TRINIDAD AND TOBAGO 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **National Gas Co. of Trinidad & Tobago Ltd.** <br>6.050% due 01/15/2036 | $2000 | 1853 |
| **Trinidad Generation UnLtd.** <br>7.750% due 06/16/2033 | 1600 | 1659 |
| Total Trinidad and Tobago (Cost $3,416) |  | 3512 |
| **TUNISIA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Tunisian Republic** <br>3.280% due 08/09/2027 | 200000 | 1225 |
| Total Tunisia (Cost $1,963) |  | 1225 |
| **TURKEY 3.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Turkcell Iletisim Hizmetleri AS** <br>7.450% due 01/24/2030 | $3200 | 3372 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 600 | 593 |
| **Turkiye Vakiflar Bankasi TAO** <br>7.250% due 07/31/2030 | 3000 | 3111 |
|  |  | 7076 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.6%**  |  |  |
| **SOCAR Turkey Enerji AS**<br>5.535% - 9.360% (EUR006M + 3.450%) due 08/11/2026 «~ | 7600 | 8954 |
| **Turkiye Government International Bonds**<br>8.315% (EUR006M + 6.210%) due 04/27/2031 «~ | 5700 | 7478 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.100% - 9.488% (EUR003M + 3.000%) due 12/15/2028 «~ | 1800 | 2126 |
|  |  | 18558 |
| **SOVEREIGN ISSUES 2.3%**  |  |  |
| **Hazine Mustesarligi Varlik Kiralama AS** <br>6.750% due 09/01/2030 | $4200 | 4413 |
| **Turkiye Government Bonds**  |  |  |
| 37.966% (BISTREFI + 0.000%) due 06/16/2027 ~  | 137100 | 3233 |
| 39.431% (BISTREFI + 0.000%) due 05/20/2026 ~  | 13300 | 311 |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 30100 | 708 |
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 294300 | 6851 |
| **Turkiye Government International Bonds**  |  |  |
| 4.875% due 04/16/2043  | $15500 | 11995 |
| 5.750% due 05/11/2047  | 34400 | 28306 |
| 6.000% due 01/14/2041  | 780 | 705 |
| 7.250% due 05/29/2032  | 6600 | 7034 |
| 7.625% due 05/15/2034  | 1100 | 1198 |
| **Turkiye Ihracat Kredi Bankasi AS**  |  |  |
| 6.875% due 07/03/2028  | 2000 | 2068 |
| 7.500% due 02/06/2028  | 3400 | 3556 |
|  |  | 70378 |
| Total Turkey (Cost $93,453) |  | 96012 |
| **UGANDA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Republic of Uganda Government Bonds** <br>15.000% due 06/18/2043 | 1735300 | 411 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Uganda (Cost $396) |  | 411 |
| **UKRAINE 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2034 þ(g)  | $4022 | 1921 |
| 0.000% due 02/01/2035 þ(g)  | 1192 | 680 |
| 4.000% due 02/01/2032 þ  | 14673 | 11188 |
| 4.500% due 02/01/2029 þ  | 3800 | 2859 |
| 4.500% due 02/01/2034 þ  | 4632 | 2837 |
| 4.500% due 02/01/2034 þ(n)  | 10800 | 6615 |
| 4.500% due 02/01/2035 þ  | 3131 | 1879 |
| 4.500% due 02/01/2036 þ  | 4886 | 2883 |
| Total Ukraine (Cost $23,622) |  | 30862 |
| **UNITED ARAB EMIRATES 1.9%**  |  |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 5.250% due 10/02/2054  | $4100 | 4006 |
| 5.500% due 05/08/2034  | 7400 | 7831 |
| **Adnoc Murban Rsc Ltd.** <br>5.125% due 09/11/2054 | 18300 | 17233 |
| **DAE Sukuk Difc Ltd.** <br>4.500% due 10/16/2030 | 4600 | 4546 |
| **DP World Ltd.**  |  |  |
| 4.700% due 09/30/2049 (n)  | 500 | 433 |
| 5.625% due 09/25/2048  | 1050 | 1030 |
| 6.850% due 07/02/2037  | 1850 | 2093 |
| **MDGH GMTN RSC Ltd.**  |  |  |
| 2.875% due 11/07/2029  | 2000 | 1907 |
| 5.084% due 05/22/2053  | 1500 | 1427 |
| 5.875% due 05/01/2034  | 800 | 871 |
| **Ruwais Power Co. PJSC** <br>6.000% due 08/31/2036 | 420 | 448 |
|  |  | 41825 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Abu Dhabi Government International Bonds** <br>5.500% due 04/30/2054 | 10900 | 11151 |
| **Emirate of Dubai Government International Bonds** <br>3.900% due 09/09/2050 | 400 | 303 |
| **Finance Department Government of Sharjah** <br>4.375% due 03/10/2051 | 2950 | 2105 |
|  |  | 13559 |
| Total United Arab Emirates (Cost $55,991) |  | 55384 |
| **UNITED KINGDOM 1.5%**  |  |  |
| **CORPORATE BONDS & NOTES 1.3%**  |  |  |
| **Antofagasta PLC** <br>6.250% due 05/02/2034 | $3200 | 3450 |
| **Fresnillo PLC** <br>4.250% due 10/02/2050 | 3000 | 2402 |
| **ICBC Standard Bank PLC** <br>20.000% due 12/13/2029 « | 66634000 | 5543 |
| **NAK Naftogaz Ukraine via Kondor Finance PLC** <br>7.125% due 07/19/2026 | 695 | 690 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | $20070 | 15498 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 400 | 621 |
| **Ukraine Railways Via Rail Capital Markets PLC** <br>8.250% due 07/09/2026 | $3901 | 2674 |
| **Vedanta Resources Finance II PLC**  |  |  |
| 9.125% due 10/15/2032  | 5500 | 5549 |
| 9.475% due 07/24/2030  | 1300 | 1331 |
| 9.850% due 04/24/2033  | 1400 | 1450 |
|  |  | 39208 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%**  |  |  |
| **Canada Square Funding 6 PLC** <br>4.785% due 01/17/2059 •  | 2066 | 2789 |
| **Canada Square Funding PLC** <br>5.438% (SONIA3M IR + 0.950%) due 06/17/2058 ~ | 413 | 558 |
| **Rochester Financing No. 3 PLC** <br>4.473% due 12/18/2044 •  | 1442 | 1944 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Tower Bridge Funding PLC** <br>4.482% due 12/20/2063 •  | 426 | 574 |
|  |  | 5865 |
| Total United Kingdom (Cost $42,879) |  | 45073 |
| **UNITED STATES 7.2%**  |  |  |
| **ASSET-BACKED SECURITIES 0.4%**  |  |  |
| **Aames Mortgage Investment Trust** <br>4.326% due 04/25/2036 •  | $613 | 590 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.896% due 11/25/2034 •  | 68 | 67 |
| **Argent Securities Trust** <br>4.146% due 07/25/2036 •  | 508 | 465 |
| **C-BASS Trust** <br>3.091% due 01/25/2037 þ | 6492 | 1791 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.326% due 02/25/2037 •  | 943 | 927 |
| 4.971% due 11/25/2035 •  | 1473 | 1469 |
| **GSAA Home Equity Trust** <br>6.502% due 11/25/2036 þ | 944 | 345 |
| **Home Equity Asset Trust** <br>5.196% due 02/25/2033 •  | 46 | 46 |
| **MASTR Asset-Backed Securities Trust** <br>4.546% due 09/25/2034 •  | 120 | 105 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.611% due 01/25/2035 •  | 23 | 23 |
| 4.641% due 03/25/2034 •  | 1601 | 1726 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.566% due 04/25/2037 •  | 223 | 59 |
| 6.000% due 02/25/2037 ~  | 48 | 27 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.146% due 07/25/2036 •  | 268 | 254 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.066% due 04/25/2037 •  | 487 | 335 |
| 4.066% due 05/25/2037 •  | 195 | 119 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.626% due 09/25/2035 •  | 1600 | 1491 |
| **Saxon Asset Securities Trust** <br>4.156% due 09/25/2037 •  | 179 | 174 |
| **Soundview Home Loan Trust** <br>4.746% due 10/25/2037 •  | 610 | 481 |
|  |  | 10494 |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 21680 | 22925 |
| **Credit Suisse AG AT1 Claim**  | 2000 | 590 |
| **Rio Oil Finance Trust**  |  |  |
| 8.200% due 04/06/2028  | 2518 | 2609 |
| 9.750% due 01/06/2027  | 1204 | 1241 |
| **Rutas 2 & 7 Finance Ltd.** <br>0.000% due 09/30/2036 (e) | 4378 | 3330 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(l) | 6100 | 6553 |
|  |  | 37248 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.5%**  |  |  |
| **Castlelake LP**<br>2.950% due 05/12/2031 «~ | 4103 | 3921 |
| **Ecopetrol SA**<br>TBD% due 04/12/2029 «µ | 10000 | 10039 |
|  |  | 13960 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.5%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>4.768% due 11/25/2035 ~ | 53 | 37 |
| **Arroyo Mortgage Trust** <br>4.950% due 07/25/2057 þ | 1440 | 1436 |
| **Banc of America Funding Trust** <br>6.388% due 04/25/2037 þ | 76 | 65 |
| **Bank** <br>4.407% due 11/15/2061 ~ | 3200 | 3215 |
| **BCAP LLC Trust** <br>4.141% due 05/26/2037 ~ | 1711 | 1535 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.422% due 02/25/2036 ~  | 24 | 23 |
| 5.031% due 01/25/2035 ~  | 3 | 3 |
| **Benchmark Mortgage Trust**  |  |  |
| 3.666% due 01/15/2051 ~  | 1500 | 1484 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.261% due 10/10/2051  | 4100 | 4088 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.166% due 03/25/2037 ~  | 27 | 23 |
| 4.284% due 02/25/2047 ~  | 34 | 31 |
| 4.530% due 09/25/2047 ~  | 17 | 15 |
| **CIM Trust** <br>5.500% due 08/25/2064 ~ | 4975 | 5033 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.044% due 07/25/2046 ~  | 30 | 29 |
| 5.840% due 09/25/2035 •  | 6 | 6 |
| **CitiMortgage Alternative Loan Trust** <br>4.496% due 10/25/2036 •  | 389 | 308 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.196% due 05/25/2036 •  | 455 | 168 |
| 4.486% due 11/25/2035 •  | 70 | 65 |
| 5.750% due 03/25/2037 •  | 78 | 39 |
| 6.250% due 11/25/2036  | 50 | 37 |
| **CSAB Mortgage-Backed Trust**  |  |  |
| 6.220% due 09/25/2036 þ  | 143 | 39 |
| 6.672% due 06/25/2036 þ  | 193 | 43 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ | 471 | 270 |
| **CSMC Trust**  |  |  |
| 0.938% due 05/25/2066 ~  | 3117 | 2665 |
| 1.756% due 10/25/2066 ~  | 1587 | 1425 |
| 2.000% due 01/25/2060 ~  | 1497 | 1338 |
| 3.297% due 11/30/2037 ~  | 489 | 452 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>5.500% due 12/25/2035 | 74 | 63 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust**  |  |  |
| 6.369% due 10/25/2036 þ  | 44 | 39 |
| 6.386% due 10/25/2036 þ  | 44 | 39 |
| **Ellington Financial Mortgage Trust** <br>5.900% due 09/25/2067 þ | 4786 | 4794 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 01/25/2036 •  | 103 | 83 |
| **HarborView Mortgage Loan Trust** <br>5.503% due 08/19/2036 ~ | 2 | 2 |
| **Impac CMB Trust** <br>4.486% due 03/25/2035 •  | 55 | 54 |
| **IndyMac INDA Mortgage Loan Trust**  |  |  |
| 3.367% due 11/25/2037 ~  | 425 | 348 |
| 3.629% due 08/25/2036 ~  | 90 | 69 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.396% due 06/25/2036 ~  | 69 | 60 |
| 3.642% due 10/25/2035 ~  | 62 | 49 |
| 4.146% due 06/25/2037 •  | 101 | 33 |
| 4.206% due 02/25/2037 •  | 341 | 333 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.837% due 11/25/2035 ~  | 22 | 17 |
| 5.550% due 08/25/2035 ~  | 1 | 1 |
| **JP Morgan Resecuritization Trust** <br>2.500% due 03/25/2056 | 43 | 43 |
| **Legacy Mortgage Asset Trust** <br>3.000% due 09/25/2059 ~ | 638 | 615 |
| **Lehman XS Trust**  |  |  |
| 4.226% due 09/25/2046 •  | 1298 | 1194 |
| 4.346% due 08/25/2037 •  | 1856 | 1839 |
| **Luminent Mortgage Trust** <br>4.206% due 12/25/2036 •  | 12 | 12 |
| **MASTR Alternative Loan Trust** <br>4.246% due 03/25/2036 •  | 130 | 11 |
| **RALI Trust**  |  |  |
| 6.000% due 09/25/2036  | 625 | 504 |
| 6.500% due 07/25/2037  | 207 | 171 |
| **Sequoia Mortgage Trust** <br>4.597% due 01/20/2047 ~ | 17 | 11 |
| **SG Residential Mortgage Trust** <br>5.353% due 08/25/2062 þ | 7313 | 7319 |
| **STARM Mortgage Loan Trust** <br>4.564% due 10/25/2037 ~ | 234 | 208 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.252% due 09/25/2036 ~  | 106 | 71 |
| 4.302% due 11/25/2035 ~  | 15 | 14 |
| 5.630% due 10/25/2037 •  | 52 | 48 |
| **TBW Mortgage-Backed Trust** <br>6.470% due 09/25/2036 þ | 568 | 14 |
| **Tib Finance PLC** <br>7.111% due 11/15/2034 «(l) | 2500 | 2514 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.410% due 05/25/2037 ~  | 70 | 58 |
| 3.664% due 01/25/2037 ~  | 53 | 46 |
| 3.670% due 04/25/2037 ~  | 38 | 34 |
| 4.146% due 12/25/2036 ~  | 110 | 105 |
| 4.216% due 05/25/2034 •  | 50 | 46 |
| 4.569% due 03/25/2036 ~  | 665 | 604 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.756% due 10/25/2036 ~ | 133 | 128 |
|  |  | 45465 |
| **U.S. GOVERNMENT AGENCIES 0.9%**  |  |  |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 6200 | 5878 |
| 4.500% due 02/01/2056 | 6200 | 6048 |
| 5.000% due 02/01/2056 | 6500 | 6476 |
| 5.500% due 02/01/2056 | 7650 | 7750 |
|  |  | 26152 |
| **U.S. TREASURY OBLIGATIONS 2.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.750% due 08/15/2041 (p) | 11700 | 7899 |
| 3.250% due 05/15/2042 (p)(r) | 7700 | 6424 |
| 4.375% due 08/15/2043 (r) | 500 | 478 |
| 4.875% due 08/15/2045 (r) | 7030 | 7100 |
| **U.S. Treasury Notes**  |  |  |
| 4.000% due 02/28/2030 (p)(r) | 8300 | 8407 |
| 4.250% due 08/15/2035 (p)(r) | 50530 | 50901 |
|  |  | 81209 |
|  | SHARES |  |
| **WARRANTS 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 «(l)** | 3 | 0 |
| Total United States (Cost $219,823) |  | 214528 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **URUGUAY 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Oriental Republic of Uruguay** <br>5.250% due 09/10/2060 | 7300 | 6849 |
| **Uruguay Government International Bonds**  |  |  |
| 5.100% due 06/18/2050  | 200 | 189 |
| 5.442% due 02/14/2037  | 2900 | 3019 |
| Total Uruguay (Cost $10,316) |  | 10057 |
| **UZBEKISTAN 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Uzbek Industrial & Construction Bank ATB**  |  |  |
| 8.950% due 07/24/2029  | $1500 | 1612 |
| 21.000% due 07/24/2027  | 27460000 | 2446 |
| **Uzbekneftegaz JSC** <br>4.750% due 11/16/2028 | $2900 | 2794 |
|  |  | 6852 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Republic of Uzbekistan International Bonds**  |  |  |
| 5.375% due 05/29/2027  | 4900 | 5889 |
| 5.375% due 02/20/2029  | $3400 | 3423 |
|  |  | 9312 |
| Total Uzbekistan (Cost $14,920) |  | 16164 |
| **VENEZUELA 1.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(b)  | $70999 | 16649 |
| 5.500% due 04/12/2037 ^(b)  | 2863 | 670 |
|  |  | 17319 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Venezuela Government International Bonds**  |  |  |
| 6.000% due 06/25/2035 ^(b)  | 120 | 32 |
| 7.000% due 03/31/2038 ^(b)  | 27640 | 8196 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.650% due 04/21/2035 ^(b)  | 19180 | 5447 |
| 9.250% due 05/07/2028 ^(b)  | 3740 | 1193 |
| 11.950% due 08/05/2031 ^(b)  | 830 | 273 |
|  |  | 15141 |
| Total Venezuela (Cost $52,793) |  | 32460 |
| **VIETNAM 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Vietnam Government International Bonds** <br>5.500% due 03/12/2028 þ(n) | $1020 | 978 |
| Total Vietnam (Cost $996) |  | 978 |
| **VIRGIN ISLANDS (BRITISH) 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Gerdau Trade, Inc.** <br>5.750% due 06/09/2035 | $3200 | 3314 |
| Total Virgin Islands (British) (Cost $3,198) |  | 3314 |
| **ZAMBIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Zambia Government International Bonds** <br>0.500% due 12/31/2053 | $7900 | 5555 |
| Total Zambia (Cost $5,536) |  | 5555 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 3.1%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (k) | 1030976 | 1031 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (m) 2.2%** |  | 66485 |
| **NIGERIA TREASURY BILLS 0.7%**  |  |  |
| 28.511% due 03/10/2026 - 06/29/2026 (d)(e) | 32269593 | 20591 |
| **SOUTH AFRICA TREASURY BILLS 0.2%**  |  |  |
| 7.400% due 08/05/2026 - 10/07/2026 (d)(e) | 109200 | 6332 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.934% due 01/08/2026 (e)(f) | $52 | 52 |
| Total Short-Term Instruments (Cost $92,897) |  | 94491 |
| Total Investments in Securities (Cost $2,885,356) |  | 2949475 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 5.7%**  |  |  |
| **SHORT-TERM INSTRUMENTS 5.7%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.7%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 17654603 | 171974 |
| Total Short-Term Instruments (Cost $171,906) |  | 171974 |
| Total Investments in Affiliates (Cost $171,906) |  | 171974 |
| Total Investments 104.0% (Cost $3,057,262) |  | $3121449 |
| **Financial Derivative Instruments (o)(q) (0.3)**%(Cost or Premiums, net $(16099)) |  | (8428) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| Other Assets and Liabilities, net (3.7)% | (111570) |
| Net Assets 100.0% | $3001451 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(g)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(h)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(i)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(j)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(k)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Cost | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 |  | 06/10/2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA |  | 06/08/2023 | 3095 | 3095 | 3095 | 3491 | 3491 | 3491 | 0.12 |
| Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 |  | 09/18/2024 | 2500 | 2500 | 2500 | 2514 | 2514 | 2514 | 0.08 |
| VB DPR Finance Co. 6.833% due 03/15/2035 | VB DPR Finance Co. 6.833% due 03/15/2035 | VB DPR Finance Co. 6.833% due 03/15/2035 | VB DPR Finance Co. 6.833% due 03/15/2035 | VB DPR Finance Co. 6.833% due 03/15/2035 |  | 01/31/2025 | 6100 | 6100 | 6100 | 6553 | 6553 | 6553 | 0.22 |
|  |  |  |  |  |  | $ | 11695 | 11695 | $ | 12558 | 12558 | 0.42% | 0.42% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(m)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | BOS | 3.650%  | 01/06/2026 | $17442 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/15/2032 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/15/2032 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/15/2032 | $(17389) | (17389) | $17442 | 17442 | $ | $17447 |
| BRC | BRC | 1.500  | TBD<sup>(2)</sup> | 4546 | &nbsp;&nbsp; Romania Government International Bonds 1.375% due 12/02/2029 | &nbsp;&nbsp; Romania Government International Bonds 1.375% due 12/02/2029 | &nbsp;&nbsp; Romania Government International Bonds 1.375% due 12/02/2029 | (5408) | (5408) | 5343 | 5343 |  | 5348 |
| DEU | DEU | 3.680  | 01/06/2026 | $4448 | &nbsp;&nbsp; U.S. Treasury Bonds 2.250% due 05/15/2041 | &nbsp;&nbsp; U.S. Treasury Bonds 2.250% due 05/15/2041 | &nbsp;&nbsp; U.S. Treasury Bonds 2.250% due 05/15/2041 | (4433) | (4433) | 4448 | 4448 |  | 4450 |
|  |  | 3.690  | 01/06/2026 | 23222 | &nbsp;&nbsp; U.S. Treasury Bonds 3.375% due 11/15/2048 | &nbsp;&nbsp; U.S. Treasury Bonds 3.375% due 11/15/2048 | &nbsp;&nbsp; U.S. Treasury Bonds 3.375% due 11/15/2048 | (6556) | (6556) | 23222 | 23222 |  | 23229 |
|  |  |  |  |  | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.000% due 12/31/2027 - 02/15/2034 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.000% due 12/31/2027 - 02/15/2034 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.000% due 12/31/2027 - 02/15/2034 | (16326) | (16326) |  |  |  |  |
|  |  | 3.700  | 01/06/2026 | 9923 | &nbsp;&nbsp; U.S. Treasury Notes 2.625% due 02/15/2029 | &nbsp;&nbsp; U.S. Treasury Notes 2.625% due 02/15/2029 | &nbsp;&nbsp; U.S. Treasury Notes 2.625% due 02/15/2029 | (9922) | (9922) | 9923 | 9923 |  | 9926 |
| MEI | MEI | 1.300  | TBD<sup>(2)</sup> | 5196 | &nbsp;&nbsp; Romania Government International Bonds 1.375% due 12/02/2029 | &nbsp;&nbsp; Romania Government International Bonds 1.375% due 12/02/2029 | &nbsp;&nbsp; Romania Government International Bonds 1.375% due 12/02/2029 | (6166) | (6166) | 6107 | 6107 |  | 6112 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | $**(66200)** | **(66200)** | $**66485** | **66485** | **$** | $**66512** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | BPS | BPS | 2.750%  | 2.750%  | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | $(121) | (121) | (121) | $(121) | (121) | (121) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

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

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 3.300  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (1104) | (1104) |  | (1106) | (1106) |
| BRC | BRC | BRC | 1.850  | 06/11/2025 | 06/11/2025 | 06/11/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | EUR | (1142) | (1142) |  | (1356) | (1356) |
|  |  |  | 2.000  | 06/11/2025 | 06/11/2025 | 06/11/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (478) | (478) |  | (568) | (568) |
|  |  |  | 3.100  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | $ | (8962) | (8962) |  | (8979) | (8979) |
|  |  |  | 3.500  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (1638) | (1638) |  | (1641) | (1641) |
|  |  |  | 3.650  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (781) | (781) |  | (782) | (782) |
|  |  |  | 3.800  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (571) | (571) |  | (572) | (572) |
| MYI | MYI | MYI | (1.250)  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (493) | (493) |  | (493) | (493) |
|  |  |  | 1.650  | 06/11/2025 | 06/11/2025 | 06/11/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | EUR | (423) | (423) |  | (502) | (502) |
|  |  |  | 2.700  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | $ | (704) | (704) |  | (705) | (705) |
|  |  |  | 3.000  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (3453) | (3453) |  | (3460) | (3460) |
|  |  |  | 3.100  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (3796) | (3796) |  | (3803) | (3803) |
|  |  |  | 3.150  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (420) | (420) |  | (420) | (420) |
|  |  |  | 3.450  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (154) | (154) |  | (154) | (154) |
|  |  |  | 3.500  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (5245) | (5245) |  | (5255) | (5255) |
|  |  |  | 3.600  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (5141) | (5141) |  | (5152) | (5152) |
|  |  |  | 3.650  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (4050) | (4050) |  | (4058) | (4058) |
|  |  |  | 3.700  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (628) | (628) |  | (630) | (630) |
| NOM | NOM | NOM | 3.450  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (2805) | (2805) |  | (2811) | (2811) |
|  |  |  | 3.570  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (3329) | (3329) |  | (3336) | (3336) |
|  |  |  | 3.600  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (1491) | (1491) |  | (1494) | (1494) |
|  |  |  | 3.750  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (6415) | (6415) |  | (6429) | (6429) |
|  |  |  | 3.800  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (1759) | (1759) |  | (1763) | (1763) |
| SCX | SCX | SCX | 1.950  | 06/11/2025 | 06/11/2025 | 06/11/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | EUR | (321) | (321) |  | (382) | (382) |
|  |  |  | 3.000  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | $ | (1658) | (1658) |  | (1661) | (1661) |
|  |  |  | 3.250  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (539) | (539) |  | (539) | (539) |
|  |  |  | 3.880  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (2760) | (2760) |  | (2766) | (2766) |
|  |  |  | 3.880  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (5285) | (5285) |  | (5297) | (5297) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  | **$** | $**(66235)** | **(66235)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% | Romania (0.4)% |
| Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% | Sovereign Issues (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania Government International Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania Government International Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania Government International Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania Government International Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania Government International Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania Government International Bonds  | 1.375% | 1.375% | 12/02/2029 | 12/02/2029 | EUR | 10700 | 10700 | $(12544) | (12544) | (12544) | $(11577) |
| United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% | United States (1.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations (1.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | 2.250% | 2.250% | 05/15/2041 | 05/15/2041 | $ | $6000 | 6000 | (4186) | (4186) | (4186) | (4433) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds  | 3.375 | 3.375 | 11/15/2048 | 11/15/2048 |  | 8238 | 8238 | (6453) | (6453) | (6453) | (6557) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | 2.625 | 2.625 | 02/15/2029 | 02/15/2029 |  | 10100 | 10100 | (9198) | (9198) | (9198) | (9923) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | 3.875 | 3.875 | 12/31/2027 | 12/31/2027 |  | 15900 | 15900 | (15741) | (15741) | (15741) | (16024) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | 4.000 | 4.000 | 02/15/2034 | 02/15/2034 |  | 300 | 300 | (284) | (284) | (284) | (304) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes  | 4.125 | 4.125 | 11/15/2032 | 11/15/2032 |  | 17100 | 17100 | (17703) | (17703) | (17703) | (17391) |
|  | Total United States | Total United States | Total United States | Total United States | Total United States | Total United States | Total United States |  |  |  |  |  | (53565) | (53565) | (53565) | (54632) |
| **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** |  |  |  |  |  |  |  | $**(66109)** | **(66109)** | **(66109)** | $**(66209)** |
| **(n)** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $68,543 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(85136) at a weighted average interest rate of 4.014%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 03/2026 | 27 | 27 | $3813 | 3813 | 3813 | 3813 | $(8) | (8) | (8) | (8) | 0 | 0 | $ | (11) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 1942 | 1942 | 405468 | 405468 | 405468 | 405468 | (21) | (21) | (21) | (21) | 0 | 0 |  | (137) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 1209 | 1209 | 132149 | 132149 | 132149 | 132149 | (283) | (283) | (283) | (283) | 0 | 0 |  | (142) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 4461 | 4461 | 501584 | 501584 | 501584 | 501584 | (1398) | (1398) | (1398) | (1398) | 0 | 0 |  | (906) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 293 | 293 | 34574 | 34574 | 34574 | 34574 | (371) | (371) | (371) | (371) | 0 | 0 |  | (110) |
|  |  |  |  |  |  |  |  |  | (2081) | (2081) | (2081) | $ | 0 | 0 | $ | (1306) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 174 | $ | (23753) | $183 | 183 | 16 | 16 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 246 |  | (36880) | 492 | 492 | 66 | 66 | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 32 |  | (4141) | 66 | 66 | 13 | 13 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 4 |  | (567) | 2 | 2 | 1 | 1 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 837 |  | (105043) | 153 | 153 | 10 | 10 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 56 |  | (6441) | 9 | 9 | 11 | 11 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 905 | $ | 117 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(1176)** | **$** | **117** | **$** | **(1306)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Liability |
| CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 7000 | $ | 400 | (457) | (57) | (57) | 3 | 0 |
| CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 12400 |  | 528 | (621) | (93) | (93) | 3 | 0 |
| CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 2600 |  | (30) | (23) | (53) | (53) | 0 | 0 |
| CDX.IG-42 5-Year Index  | CDX.IG-42 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 9100 |  | (207) | 9 | (198) | (198) | 0 | 0 |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 18200 |  | (413) | 1 | (412) | (412) | 0 | (1) |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 5200 |  | (104) | (14) | (118) | (118) | 0 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 8000 |  | (177) | (7) | (184) | (184) | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $ | (3) | (1112) | (1115) | (1115) | 6 | (1) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Liability |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 5700 | $ | (129) | 70 | (59) | (59) | 2 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.500% | 1.500% | Semi-Annual | Semi-Annual | 06/21/2027 | 06/21/2027 | $22300 | 22300 | $(1340) | 645 | (695) | (695) | 0 | $(11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.500 | 1.500 | Semi-Annual | Semi-Annual | 12/15/2028 | 12/15/2028 | 2000 | 2000 | 11 | (132) | (121) | (121) | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 06/20/2029 | 06/20/2029 | 9500 | 9500 | 70 | (163) | (93) | (93) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | 58095 | 58095 | 182 | (944) | (762) | (762) | 79 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | 8440 | 8440 | (15) | 126 | 111 | 111 | 0 | (11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | 3.000 | Annual | Annual | 03/19/2030 | 03/19/2030 | 26400 | 26400 | (1385) | 684 | (701) | (701) | 0 | (39) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.290 | 3.290 | Annual | Annual | 05/31/2030 | 05/31/2030 | 39105 | 39105 | 7 | 159 | 166 | 166 | 56 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.375 | 3.375 | Annual | Annual | 05/31/2030 | 05/31/2030 | 51619 | 51619 | 51 | 0 | 51 | 51 | 74 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2030 | 06/18/2030 | 67300 | 67300 | (1487) | 634 | (853) | (853) | 0 | (101) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2030 | 06/18/2030 | 17500 | 17500 | 248 | (24) | 224 | 224 | 27 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/17/2030 | 12/17/2030 | 129400 | 129400 | 1647 | 50 | 1697 | 1697 | 0 | (210) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/20/2030 | 12/20/2030 | 3600 | 3600 | 101 | (108) | (7) | (7) | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/20/2030 | 12/20/2030 | 21200 | 21200 | (1089) | 1124 | 35 | 35 | 0 | (35) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | 1.750 | Semi-Annual | Semi-Annual | 12/15/2031 | 12/15/2031 | 3300 | 3300 | 46 | (413) | (367) | (367) | 0 | (6) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.730 | 3.730 | Annual | Annual | 08/03/2033 | 08/03/2033 | 2300 | 2300 | (9) | 19 | 10 | 10 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.735 | 3.735 | Annual | Annual | 08/07/2033 | 08/07/2033 | 2600 | 2600 | (10) | 22 | 12 | 12 | 0 | (5) |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.165 | Annual | 09/27/2033 |  | 3000 | (12) | 118 | 106 | 0 | (6) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.155 | Annual | 10/02/2033 |  | 4400 | (17) | 169 | 152 | 0 | (9) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.170 | Annual | 10/03/2033 |  | 5500 | (21) | 216 | 195 | 0 | (11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 10/04/2033 |  | 700 | (3) | 21 | 18 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.175 | Annual | 10/10/2033 |  | 2500 | (9) | 99 | 90 | 0 | (5) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 10/12/2033 |  | 2100 | (8) | 80 | 72 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.220 | Annual | 10/20/2033 |  | 1900 | (7) | 81 | 74 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.230 | Annual | 10/23/2033 |  | 1400 | (5) | 61 | 56 | 0 | (3) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.255 | Annual | 10/23/2033 |  | 800 | (3) | 36 | 33 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.393 | Annual | 10/25/2033 |  | 100 | 0 | 5 | 5 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.450 | Annual | 10/31/2033 |  | 1400 | (5) | 82 | 77 | 0 | (3) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 |  | 5410 | (294) | 229 | (65) | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2034 |  | 23100 | (968) | 45 | (923) | 49 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 |  | 41200 | 77 | (121) | (44) | 89 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 6200 | (68) | 60 | (8) | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 |  | 6700 | 487 | (169) | 318 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 |  | 11700 | 516 | 25 | 541 | 27 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 11200 | (77) | 123 | 46 | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2036 |  | 3200 | (5) | 33 | 28 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2039 |  | 1600 | 89 | (45) | 44 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2039 |  | 4800 | (24) | 161 | 137 | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.500 | Semi-Annual | 06/15/2046 |  | 500 | 52 | 85 | 137 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.250 | Semi-Annual | 12/21/2046 |  | 800 | 119 | 131 | 250 | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.830 | Annual | 10/12/2053 |  | 100 | (1) | (5) | (6) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 |  | 400 | (2) | (18) | (20) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 20000 | (2423) | (862) | (3285) | 0 | (62) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 |  | 4800 | (654) | (128) | (782) | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 |  | 19300 | 2746 | 373 | 3119 | 60 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 36000 | 2280 | 268 | 2548 | 118 | 0 |
| Receive | 1-Year BRL-CDI | 13.055 | Maturity | 01/04/2027 | BRL | 31300 | 0 | (2) | (2) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.015 | Maturity | 01/02/2029 |  | 20100 | (17) | 7 | (10) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.265 | Maturity | 01/02/2029 |  | 48400 | 0 | 20 | 20 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.385 | Maturity | 01/02/2031 |  | 61300 | 34 | (39) | (5) | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.855 | Annual | 02/10/2030 | PLN | 46300 | 64 | 819 | 883 | 12 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.075 | Annual | 04/11/2030 |  | 46300 | 0 | (437) | (437) | 0 | (14) |
| Receive | 6-Month CLP-CHILIBOR | 5.511 | Semi-Annual | 11/13/2033 | CLP | 4946700 | 0 | (185) | (185) | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.855 | Semi-Annual | 12/18/2033 |  | 4700000 | 0 | (60) | (60) | 0 | (1) |
| Pay | 6-Month CZK-PRIBOR | 4.250 | Annual | 04/18/2029 | CZK | 200400 | 247 | 143 | 390 | 8 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.530 | Annual | 07/15/2029 |  | 436900 | (8) | (121) | (129) | 18 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.075 | Annual | 10/03/2029 |  | 389200 | (41) | (416) | (457) | 18 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.489 | Annual | 10/30/2029 |  | 215200 | (65) | (31) | (96) | 11 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.325 | Annual | 05/09/2030 |  | 42000 | 0 | 4 | 4 | 0 | (3) |
| Receive | 6-Month CZK-PRIBOR | 3.328 | Annual | 05/09/2030 |  | 430000 | 0 | 33 | 33 | 0 | (31) |
| Receive | 6-Month CZK-PRIBOR | 3.363 | Annual | 05/29/2030 |  | 635300 | 292 | (274) | 18 | 0 | (47) |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.000 | Annual | 03/18/2028 | EUR | 133500 | (1032) | 94 | (938) | 0 | (13) |
| Pay | 6-Month EUR-EURIBOR | 3.370 | Annual | 10/09/2028 |  | 4400 | (11) | 165 | 154 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.818 | Annual | Annual | 06/26/2029 |  | 11000 |  | 328 |  | 21 |  | 349 |  | 0 | 0 |  | (5) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 03/18/2031 |  | 12240 |  | 56 |  | (132) |  | (76) |  | 0 | 0 |  | (9) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.300 | Annual | Annual | 10/03/2033 |  | 2400 |  | (9) |  | 119 |  | 110 |  | 0 | 0 |  | (3) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 15770 |  | (15) |  | 348 |  | 333 |  | 22 | 22 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 |  | 14980 |  | (308) |  | 1201 |  | 893 |  | 50 | 50 |  | 0 |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 5.935 | Annual | Annual | 05/08/2030 | HUF | 8439000 |  | (63) |  | 738 |  | 675 |  | 68 | 68 |  | 0 |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.190 | Annual | Annual | 11/18/2030 |  | 2704800 |  | 85 |  | (124) |  | (39) |  | 0 | 0 |  | (22) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.410 | Annual | Annual | 11/21/2030 |  | 4739500 |  | 0 |  | (204) |  | (204) |  | 0 | 0 |  | (40) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.439 | Annual | Annual | 11/24/2030 |  | 1438000 |  | 0 |  | (67) |  | (67) |  | 0 | 0 |  | (12) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.500 | Annual | Annual | 11/25/2030 |  | 268500 |  | 0 |  | (15) |  | (15) |  | 0 | 0 |  | (2) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.769 | Lunar | Lunar | 09/27/2028 | MXN | 21400 |  | 0 |  | (65) |  | (65) |  | 0 | 0 |  | (1) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.235 | Lunar | Lunar | 05/02/2029 |  | 372800 |  | (36) |  | 981 |  | 945 |  | 15 | 15 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.267 | Lunar | Lunar | 02/28/2030 |  | 330900 |  | (8) |  | (433) |  | (441) |  | 0 | 0 |  | (18) |
|  |  |  |  |  |  |  |  |  | $ | $(1719) | (1719) | $4920 | 4920 | $3201 | 3201 | $903 | 903 | 903 | $(784) | (784) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(1851)** | **(1851)** | $**3878** | **3878** | $**2027** | **2027** | $**911** | **911** | **911** | $**(785)** | **(785)** |
| **(p)** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $11,913 and cash of $18,857 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(q)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | BRL | 21685 | 21685 | 21685 | $ | $3941 | 3941 | 3941 | 0 | 0 | 0 | 0 | $(16) | (16) | (16) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 4642148 | 4642148 | 4642148 |  | 1217 | 1217 | 1217 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 341 | 341 | 341 |  | 93 | 93 | 93 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PYG | 2621015 | 2621015 | 2621015 |  | 365 | 365 | 365 | 0 | 0 | 0 | 0 | (32) | (32) | (32) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $4004 | 4004 | 4004 | BRL | 21685 | 21685 | 21685 | 0 | 0 | 0 | 0 | (47) | (47) | (47) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 1711978 | 1711978 | 1711978 | $ | $447 | 447 | 447 | 3 | 3 | 3 | 3 | (1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | DOP | 53998 | 53998 | 53998 |  | 843 | 843 | 843 | 1 | 1 | 1 | 1 | (6) | (6) | (6) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | PYG | 6638321 | 6638321 | 6638321 |  | 920 | 920 | 920 | 0 | 0 | 0 | 0 | (82) | (82) | (82) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | TRY | 107882 | 107882 | 107882 |  | 2256 | 2256 | 2256 | 0 | 0 | 0 | 0 | (200) | (200) | (200) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $787 | 787 | 787 | NGN | 1196521 | 1196521 | 1196521 | 38 | 38 | 38 | 38 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | COP | 7876296 | 7876296 | 7876296 | $ | $2050 | 2050 | 2050 | 19 | 19 | 19 | 19 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 27953 | 27953 | 27953 |  | 8292 | 8292 | 8292 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 6600 | 6600 | 6600 |  | 1951 | 1951 | 1951 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | ZAR | 63221 | 63221 | 63221 |  | 3571 | 3571 | 3571 | 0 | 0 | 0 | 0 | (187) | (187) | (187) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | IDR | 2723331 | 2723331 | 2723331 |  | 163 | 163 | 163 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PHP | 8874 | 8874 | 8874 |  | 150 | 150 | 150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 215 | 215 | 215 |  | 58 | 58 | 58 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $158 | 158 | 158 | CNH | 1112 | 1112 | 1112 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 1273400 | 1273400 | 1273400 | $ | $332 | 332 | 332 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | TRY | 219697 | 219697 | 219697 |  | 4851 | 4851 | 4851 | 0 | 0 | 0 | 0 | (66) | (66) | (66) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $224 | 224 | 224 | CZK | 4660 | 4660 | 4660 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 14900 | 14900 | 14900 | $ | $2608 | 2608 | 2608 | 0 | 0 | 0 | 0 | (55) | (55) | (55) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $1656 | 1656 | 1656 | KWD | 505 | 505 | 505 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 869 | 869 | 869 |  | 265 | 265 | 265 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 07/2026  | 07/2026  | 07/2026  |  | 1309 | 1309 | 1309 |  | 400 | 400 | 400 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 06/2027  | 06/2027  | 06/2027  |  | 615 | 615 | 615 |  | 187 | 187 | 187 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 05/2029  | 05/2029  | 05/2029  | KWD | 2427 | 2427 | 2427 | $ | $8344 | 8344 | 8344 | 330 | 330 | 330 | 330 | 0 | 0 | 0 |
|  |  |  | 07/2029  | 07/2029  | 07/2029  |  | 579 | 579 | 579 |  | 1991 | 1991 | 1991 | 78 | 78 | 78 | 78 | 0 | 0 | 0 |
|  |  |  | 05/2030  | 05/2030  | 05/2030  |  | 1747 | 1747 | 1747 |  | 6015 | 6015 | 6015 | 211 | 211 | 211 | 211 | 0 | 0 | 0 |
|  |  |  | 08/2030  | 08/2030  | 08/2030  |  | 311 | 311 | 311 |  | 1049 | 1049 | 1049 | 14 | 14 | 14 | 14 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | MYR | 62 | 62 | 62 |  | 15 | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1514 | 1514 | 1514 | EUR | 1305 | 1305 | 1305 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 17 | 17 | 17 | PLN | 61 | 61 | 61 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 65 | 65 | 65 | TRY | 2924 | 2924 | 2924 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 80279 | 80279 | 80279 | $ | $4634 | 4634 | 4634 | 0 | 0 | 0 | 0 | (206) | (206) | (206) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | TRY | 6881 | 6881 | 6881 |  | 152 | 152 | 152 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $26688 | 26688 | 26688 | TRY | 1223096 | 1223096 | 1223096 | 727 | 727 | 727 | 727 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 03/2026  | 371 | 17067 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 37327 | $240 | 1 | 0 |
|  | 02/2026  | 1580020 | 412 | 1 | 0 |
|  | 02/2026  | 17637 | 5115 | 0 | (124) |
|  | 04/2026  | 27900 | 4912 | 4 | (79) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 20076 | 3649 | 0 | (15) |
|  | 01/2026  | 58941630 | 15265 | 33 | (191) |
|  | 01/2026  | 2040 | 200 | 0 | (2) |
|  | 01/2026  | $1145 | 1747 | 21 | 0 |
|  | 01/2026  | 3704 | 20076 | 0 | (40) |
|  | 01/2026  | 1109 | 4179821 | 0 | (3) |
|  | 01/2026  | 1306 | 1119 | 10 | 0 |
|  | 01/2026  | 52 | 4619 | 0 | (1) |
|  | 01/2026  | 1 | 24 | 0 | 0 |
|  | 02/2026  | 17591464 | $4542 | 11 | (42) |
|  | 02/2026  | $4172 | 204430 | 72 | 0 |
|  | 03/2026  | 6039745 | $1593 | 27 | 0 |
|  | 04/2026  | 2233506 | 584 | 10 | 0 |
|  | 05/2026  | 19804 | 5806 | 0 | (55) |
|  | 05/2026  | $219 | 340375 | 8 | 0 |
|  | 11/2026  | 357437 | $219 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | $1442 | 70540 | 31 | 0 |
|  | 01/2026  | 151 | 482 | 0 | 0 |
|  | 01/2026  | 19 | 1740 | 0 | 0 |
|  | 01/2026  | 452 | 661030 | 7 | 0 |
|  | 01/2026  | 143064 | $8211 | 0 | (416) |
|  | 02/2026  | 2130050 | 6470 | 0 | (25) |
|  | 02/2026  | 482 | 151 | 0 | 0 |
|  | 02/2026  | $6434 | 9714802 | 265 | 0 |
|  | 03/2026  | 2460 | 1400253 | 238 | 0 |
|  | 09/2026  | 307827 | $1033 | 0 | (31) |
|  | 11/2026  | 12366845 | 947 | 0 | (12) |
|  | 12/2026  | 56264481 | 4330 | 0 | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 4187 | 4919 | 0 | (3) |
|  | 01/2026  | 5230 | 6868 | 0 | (182) |
|  | 01/2026  | 99978 | 5390 | 0 | (149) |
|  | 01/2026  | 366 | 99 | 0 | (3) |
|  | 01/2026  | $79 | 554 | 1 | 0 |
|  | 01/2026  | 80 | 257 | 1 | 0 |
|  | 01/2026  | 91 | 330 | 1 | 0 |
|  | 01/2026  | 764 | 987 | 5 | 0 |
|  | 01/2026  | 99203 | $5769 | 0 | (213) |
|  | 02/2026  | 257 | 80 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 43021 | 7936 | 85 | 0 |
|  | 01/2026  | 793 | 990 | 0 | (13) |
|  | 01/2026  | 674016 | 177 | 1 | 0 |
|  | 01/2026  | 36021 | 573 | 6 | 0 |
|  | 01/2026  | 957 | 296 | 0 | (4) |
|  | 01/2026  | $7819 | 43021 | 32 | 0 |
|  | 01/2026  | 81 | 297 | 1 | 0 |
|  | 01/2026  | 73767 | $4279 | 0 | (169) |
|  | 02/2026  | 1738625 | 455 | 3 | 0 |
|  | 02/2026  | 209597 | 3224 | 0 | (65) |
|  | 02/2026  | $962 | 43883 | 26 | 0 |
|  | 03/2026  | 65875 | $11889 | 24 | 0 |
|  | 03/2026  | 675500 | 175 | 0 | 0 |
|  | 03/2026  | 261106 | 4094 | 31 | (19) |
|  | 03/2026  | $65 | 359 | 0 | (1) |
|  | 04/2026  | 57600 | $10155 | 28 | (168) |
|  | 05/2026  | 55827 | 857 | 0 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 1562 | 479 | 0 | (11) |
|  | 01/2026  | 1745611 | 1217 | 6 | 0 |
|  | 01/2026  | 348 | 95 | 0 | (2) |
|  | 01/2026  | 20229 | 451 | 0 | (12) |
|  | 01/2026  | $328 | 2307 | 3 | 0 |
|  | 01/2026  | 256 | 12459 | 5 | 0 |
|  | 01/2026  | 8 | 735 | 0 | 0 |
|  | 01/2026  | 19 | 345 | 1 | 0 |
|  | 01/2026  | 59 | 216 | 2 | 0 |
|  | 01/2026  | 27039 | $1576 | 0 | (55) |
|  | 02/2026  | 552960 | 144 | 0 | 0 |
|  | 02/2026  | $1217 | 1743321 | 0 | (8) |
|  | 02/2026  | 392 | 594571 | 17 | 0 |
|  | 03/2026  | 139140 | $36 | 0 | 0 |
|  | 06/2027  | 821581 | 61 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 111378 | 2332 | 0 | (3) |
|  | 01/2026  | 24376 | 28292 | 0 | (367) |
|  | 01/2026  | 1600 | 10 | 0 | 0 |
|  | 01/2026  | $274 | 385 | 7 | 0 |
|  | 01/2026  | 3214 | 156298 | 56 | 0 |
|  | 03/2026  | 1399 | 82628 | 292 | 0 |
|  | 10/2026  | 39792 | $2236 | 0 | (118) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | $1 | 30 | 0 | 0 |
|  | 03/2026  | 4936763 | $1298 | 23 | 0 |
|  | 10/2026  | $2089 | 3737 | 36 | 0 |
|  | 10/2027  | 4178 | 7687 | 0 | (123) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  |  | 740 | 740 | 740 | KRW | 1083609 | 1083609 | 1083609 |  | 11 | 11 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  |  | 4744 | 4744 | 4744 | TRY | 214058 | 214058 | 214058 |  | 156 | 156 |  |  | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  |  | 7481 | 7481 | 7481 |  | 342669 | 342669 | 342669 |  | 76 | 76 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | IDR | 4529823 | 4529823 | 4529823 | $ | 271 | 271 | 271 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | JPY | 499055 | 499055 | 499055 |  | 3196 | 3196 | 3196 |  | 7 | 7 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | $ | $157 | 157 | 157 | CNH | 1105 | 1105 | 1105 |  | 2 | 2 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  |  | 2812 | 2812 | 2812 | EUR | 2405 | 2405 | 2405 |  | 16 | 16 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  |  | 1001 | 1001 | 1001 | TWD | 31288 | 31288 | 31288 |  | 0 | 0 |  |  | (5) | (5) |
|  |  |  | 02/2026  | 02/2026  |  | 758 | 758 | 758 | NGN | 1153944 | 1153944 | 1153944 |  | 37 | 37 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | EUR | 268190 | 268190 | 268190 | $ | 310500 | 310500 | 310500 |  | 0 | 0 |  |  | (4812) | (4812) |
|  |  |  | 01/2026  | 01/2026  | JPY | 108317 | 108317 | 108317 |  | 693 | 693 | 693 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | MXN | 2 | 2 | 2 |  | 0 | 0 | 0 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | PEN | 25 | 25 | 25 |  | 7 | 7 | 7 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | UGX | 117975 | 117975 | 117975 |  | 33 | 33 | 33 |  | 1 | 1 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | COP | 62322055 | 62322055 | 62322055 |  | 15848 | 15848 | 15848 |  | 0 | 0 |  |  | (467) | (467) |
|  |  |  | 01/2026  | 01/2026  | $ | $56 | 56 | 56 | PLN | 204 | 204 | 204 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | ZAR | 140141 | 140141 | 140141 | $ | 8058 | 8058 | 8058 |  | 0 | 0 |  |  | (392) | (392) |
|  |  |  | 03/2026  | 03/2026  | COP | 54513464 | 54513464 | 54513464 |  | 13878 | 13878 | 13878 |  | 0 | 0 |  |  | (249) | (249) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**3194** | **3194** | **3194** | **$** | $**(9618)** | **(9618)** | **(9618)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BOA | BOA | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | TRY | 43.000 | 43.000 | 01/12/2026 | 585 | 585 | 585 | (13) | (13) | $ | $0 | 0 |
|  |  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  | 56.500 | 56.500 | 01/12/2026 | 7799 | 7799 | 7799 | (312) | (312) |  | (3) | (3) |
|  |  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  | 56.750 | 56.750 | 02/03/2026 | 16525 | 16525 | 16525 | (595) | (595) |  | (43) | (43) |
| CBK | CBK | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  |  | 48.500 | 48.500 | 02/04/2026 | 6100 | 6100 | 6100 | (98) | (98) |  | (29) | (29) |
| GLM | GLM | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  |  | 47.700 | 47.700 | 02/09/2026 | 8297 | 8297 | 8297 | (150) | (150) |  | (52) | (52) |
| UAG | UAG | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  | 54.330 | 54.330 | 03/13/2026 | 9000 | 9000 | 9000 | (247) | (247) |  | (65) | (65) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(1415)** | **(1415)** | **$** | $**(192)** | **(192)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| BOA | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000)% | (1.000)% | Quarterly | 06/20/2035 | 1.562% | 1.562% | 1.562% | $1700 | $ | 118 | 118 | $(46) | $72 | 72 | 72 | $0 |
|  | Oman Government International Bonds  | Oman Government International Bonds  | Oman Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2027 | 0.340 | 0.340 | 0.340 | 2200 |  | 72 | 72 | (101) | 0 | 0 | 0 | (29) |
|  | Panama Government International Bonds  | Panama Government International Bonds  | Panama Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2029 | 0.999 | 0.999 | 0.999 | 2200 |  | 76 | 76 | (77) | 0 | 0 | 0 | (1) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2028 | 0.455 | 0.455 | 0.455 | 23000 |  | (348) | (348) | (14) | 0 | 0 | 0 | (362) |
| BPS | Oman Government International Bonds  | Oman Government International Bonds  | Oman Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2027 | 0.340 | 0.340 | 0.340 | 900 |  | 30 | 30 | (42) | 0 | 0 | 0 | (12) |
| BRC | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2035 | 1.562 | 1.562 | 1.562 | 1300 |  | 87 | 87 | (32) | 55 | 55 | 55 | 0 |
|  | Oman Government International Bonds  | Oman Government International Bonds  | Oman Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2027 | 0.340 | 0.340 | 0.340 | 900 |  | 24 | 24 | (36) | 0 | 0 | 0 | (12) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2034 | 0.977 | 0.977 | 0.977 | 19800 |  | (219) | (219) | 181 | 0 | 0 | 0 | (38) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2035 | 1.056 | 1.056 | 1.056 | 6400 |  | (16) | (16) | 43 | 27 | 27 | 27 | 0 |
| CBK | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2035 | 1.562 | 1.562 | 1.562 | 3300 |  | 224 | 224 | (84) | 140 | 140 | 140 | 0 |
| GST | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2029 | 0.635 | 0.635 | 0.635 | 3700 |  | 28 | 28 | (73) | 0 | 0 | 0 | (45) |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2035 | 1.562 | 1.562 | 1.562 | 100 |  | 7 | 7 | (3) | 4 | 4 | 4 | 0 |
| JPM | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2029 | 0.635 | 0.635 | 0.635 | 2400 |  | 15 | 15 | (44) | 0 | 0 | 0 | (29) |
| MYC | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2034 | 0.977 | 0.977 | 0.977 | 5900 |  | (68) | (68) | 57 | 0 | 0 | 0 | (11) |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 30 | 30 | $(271) | $298 | 298 | 298 | $(539) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BOA | Brazil Government International Bonds  | 1.000% | Quarterly | 06/20/2030 | 1.263% | $1000 | $(37) | $27 | $0 | $(10) |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 06/20/2035 | 2.219 | 200 | (27) | 9 | 0 | (18) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.146 | 1800 | 10 | 5 | 15 | 0 |
|  | Egypt Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 1.418 | 4400 | (37) | 21 | 0 | (16) |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.206 | 800 | 7 | (4) | 3 | 0 |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 12/20/2031 | 0.848 | 600 | (25) | 30 | 5 | 0 |
|  | Republic of South Africa Government International Bonds  | 1.000 | Quarterly | 12/20/2035 | 2.305 | 1000 | (116) | 17 | 0 | (99) |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.796 | 4100 | (809) | 822 | 13 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 12/20/2035 | 2.868 | 15800 | (2590) | 427 | 0 | (2163) |
| BPS | Benin Government International Bonds  | 1.000 | Quarterly | 12/20/2035 | 2.271 | 5500 | (541) | 11 | 0 | (530) |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.627 | 5700 | (386) | 428 | 42 | 0 |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 06/20/2035 | 2.219 | 500 | (69) | 24 | 0 | (45) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.170 | 2500 | (46) | 77 | 31 | 0 |
|  | Colombia Government International Bonds  | 1.000 | Quarterly | 06/20/2029 | 1.621 | 2000 | (78) | 39 | 0 | (39) |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.221 | 8400 | 47 | (14) | 33 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.398 | 4200 | (4) | 54 | 50 | 0 |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.206 | 10000 | 31 | 9 | 40 | 0 |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2029 | 0.501 | 2000 | 19 | 14 | 33 | 0 |
|  | Philippines Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.569 | 4900 | 93 | 4 | 97 | 0 |
|  | Serbia Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.656 | 2000 | (177) | 191 | 14 | 0 |
|  | South Africa Government International Bonds  | 1.000 | Quarterly | 06/20/2028 | 0.647 | 2600 | (224) | 247 | 23 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.796 | 300 | (59) | 60 | 1 | 0 |
| BRC | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2026 | 4.837 | 900 | (61) | 63 | 2 | 0 |
|  | Benin Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.986 | 1500 | (51) | 52 | 1 | 0 |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 1.379 | 900 | (125) | 110 | 0 | (15) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.146 | 10100 | 96 | (10) | 86 | 0 |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.170 | 10700 | (204) | 336 | 132 | 0 |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.429 | 7100 | 167 | 21 | 188 | 0 |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.853 | 500 | (16) | 17 | 1 | 0 |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 2.965 | 1800 | (267) | 143 | 0 | (124) |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.206 | 7000 | 52 | (24) | 28 | 0 |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.703 | 8600 | 149 | (30) | 119 | 0 |
|  | Petroleos Mexicanos  | 1.000 | Quarterly | 12/20/2026 | 1.757 | 5600 | (35) | (4) | 0 | (39) |
|  | Petroleos Mexicanos  | 1.000 | Quarterly | 12/20/2027 | 2.111 | 10000 | (173) | (32) | 0 | (205) |
|  | Romania Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 1.152 | 2800 | (122) | 107 | 0 | (15) |
|  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.622 | 23400 | 330 | 42 | 372 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 1.686 | 300 | (20) | 13 | 0 | (7) |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.878 | 2700 | (269) | 174 | 0 | (95) |
| BSS | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 5.525 | 3900 | (546) | 524 | 0 | (22) |
| CBK | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 5.525 | 3150 | (426) | 408 | 0 | (18) |
|  | Benin Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.986 | 250 | (9) | 9 | 0 | 0 |
|  | Benin Government International Bonds  | 1.000 | Quarterly | 06/20/2028 | 1.930 | 500 | (34) | 23 | 0 | (11) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.627 | 700 | (51) | 56 | 5 | 0 |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.263 | 1000 | (37) | 27 | 0 | (10) |
|  | Colombia Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.897 | 6800 | 8 | 1 | 9 | 0 |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.853 | 1275 | (42) | 43 | 1 | 0 |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 2.371 | 1050 | (133) | 76 | 0 | (57) |
|  | Dominican Republic International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.299 | 2900 | (186) | 151 | 0 | (35) |
|  | Israel Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.312 | 11200 | (64) | 178 | 114 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.815 | 1000 | (19) | 27 | 8 | 0 |
|  | Panama Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.136 | 500 | (17) | 14 | 0 | (3) |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.640 | 1100 | (7) | 24 | 17 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.796 | 1900 | (377) | 383 | 6 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.878 | 10000 | (924) | 573 | 0 | (351) |
| DUB | Eskom « | 4.650 | Quarterly | 06/30/2029 | —♦ | 14000 | 0 | 820 | 820 | 0 |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 2.965 | 800 | (131) | 76 | 0 | (55) |
|  | Petroleos Mexicanos « | 4.750 | Monthly | 07/06/2026 | —♦ | 3377 | 0 | 29 | 29 | 0 |
|  | Petroleos Mexicanos « | 4.850 | Monthly | 07/06/2026 | —♦ | 2265 | 0 | 20 | 20 | 0 |
|  | South Africa Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.164 | 300 | (5) | 6 | 1 | 0 |
|  | South Africa Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.266 | 300 | (13) | 15 | 2 | 0 |
| GST | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2026 | 4.837 | 600 | (62) | 63 | 1 | 0 |
|  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 5.525 | 3999 | (556) | 533 | 0 | (23) |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.263 | 7100 | (327) | 253 | 0 | (74) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.146 | 9400 | 91 | (11) | 80 | 0 |
|  | Emirate of Abu Dhabi Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.085 | 8000 | 115 | (7) | 108 | 0 |
|  | Indonesia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.689 | 31700 | 252 | 204 | 456 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.204 | 1400 | 0 | 6 | 6 | 0 |
|  | Oman Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.616 | 15000 | (358) | 601 | 243 | 0 |
|  | Poland Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.555 | 5000 | 46 | 48 | 94 | 0 |
|  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.622 | 27700 | 410 | 31 | 441 | 0 |
|  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.674 | 12600 | 244 | (53) | 191 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.878 | 12100 | (1290) | 865 | 0 | (425) |
| JPM | Brazil Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.263 | 3200 | (80) | 47 | 0 | (33) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.170 | 4500 | (80) | 135 | 55 | 0 |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 2.371 | 525 | (66) | 38 | 0 | (28) |
|  | Poland Government International Bonds  | 1.000 | Quarterly | 06/20/2028 | 0.349 | 2800 | (7) | 51 | 44 | 0 |
|  | Republic of South Africa Government International Bonds  | 1.000 | Quarterly | 12/20/2035 | 2.305 | 300 | (35) | 5 | 0 | (30) |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 1.686 | 4900 | (338) | 217 | 0 | (121) |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.878 | 2700 | (300) | 205 | 0 | (95) |
| MEI | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.878 | 2700 | (277) | 182 | 0 | (95) |
| MYC | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 5.525 | 10575 | (1121) | 1061 | 0 | (60) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.146 | 6600 | 38 | 18 | 56 | 0 |
|  | Dominican Republic International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.299 | 1000 | (67) | 55 | 0 | (12) |
|  | Indonesia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.689 | 8600 | 104 | 20 | 124 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2028 | 0.480 | 1400 | (27) | 45 | 18 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 12/20/2028 | 0.534 | 1400 | (15) | 34 | 19 | 0 |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 3.028 | 190 | (50) | 35 | 0 | (15) |

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------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.206 | 11400 | 14 | 32 | 32 | 46 | 0 |
|  |  | Philippines Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.569 | 4300 | 85 | 1 | 1 | 86 | 0 |
|  |  | Qatar Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.084 | 2200 | 32 | (12) | (12) | 20 | 0 |
|  |  | South Africa Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.266 | 3000 | (134) | 156 | 156 | 22 | 0 |
|  |  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.796 | 2700 | (534) | 543 | 543 | 9 | 0 |
| MYI | MYI | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.206 | 1200 | 10 | (5) | (5) | 5 | 0 |
|  |  |  |  |  |  |  |  | $(12863) | $12355 | 12355 | $4485 | $(4993) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(12833)** | $**12084** | **12084** | $**4783** | $**(5532)** |
| **(r)** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $11,766 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>♦</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(6)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Angola | Angola | Angola |
| Sovereign Issues | $20070 | $20070 |
| Argentina | Argentina | Argentina |
| Corporate Bonds & Notes | 10284 | 10284 |
| Sovereign Issues | 90435 | 90435 |
| Armenia | Armenia | Armenia |
| Sovereign Issues | 6293 | 6293 |
| Azerbaijan | Azerbaijan | Azerbaijan |
| Corporate Bonds & Notes | 7464 | 7464 |
| Bahrain | Bahrain | Bahrain |
| Sovereign Issues | 17757 | 17757 |
| Benin | Benin | Benin |
| Sovereign Issues | 534 | 534 |
| Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | 44039 | 44039 |
| Sovereign Issues | 28166 | 28166 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 10253 | 10253 |
| Cameroon | Cameroon | Cameroon |
| Sovereign Issues | 7361 | 7361 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 2278 | 2278 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 1450 | 1450 |
| Convertible Bonds & Notes | 46 | 990 |
| Corporate Bonds & Notes | 47934 | 54489 |
| Loan Participations and Assignments | 0 | 5103 |
| Sovereign Issues | 13897 | 13897 |
| Chile | Chile | Chile |
| Corporate Bonds & Notes | 47510 | 47510 |
| Sovereign Issues | 18662 | 18662 |
| China | China | China |
| Common Stocks | 74 | 74 |
| Sovereign Issues | 7571 | 7571 |
| Colombia | Colombia | Colombia |
| Corporate Bonds & Notes | 10638 | 10638 |
| Sovereign Issues | 134245 | 134245 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 19943 | 19943 |
| Czech Republic | Czech Republic | Czech Republic |
| Corporate Bonds & Notes | 8940 | 8940 |
| Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 72037 | 72037 |
| Ecuador | Ecuador | Ecuador |
| Corporate Bonds & Notes | 3218 | 3218 |
| Sovereign Issues | 36551 | 36551 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 87002 | 87002 |
| El Salvador | El Salvador | El Salvador |
| Corporate Bonds & Notes | 8270 | 8270 |
| Sovereign Issues | 12665 | 12665 |
| France | France | France |
| Corporate Bonds & Notes | 1172 | 1172 |
| Gabon | Gabon | Gabon |
| Sovereign Issues | 2531 | 2531 |
| Georgia | Georgia | Georgia |
| Corporate Bonds & Notes | 190 | 190 |
| Germany | Germany | Germany |
| Loan Participations and Assignments | 6681 | 6681 |
| Ghana | Ghana | Ghana |
| Sovereign Issues | 18296 | 18296 |
| Guatemala | Guatemala | Guatemala |
| Sovereign Issues | 36050 | 36050 |
| Honduras | Honduras | Honduras |
| Sovereign Issues | 1352 | 1352 |
| Hong Kong | Hong Kong | Hong Kong |
| Common Stocks | 0 | 1 |
| Corporate Bonds & Notes | 6180 | 6180 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 54255 | 54255 |
| India | India | India |
| Corporate Bonds & Notes | 8452 | 8452 |
| Indonesia | Indonesia | Indonesia |
| Corporate Bonds & Notes | 73058 | 73058 |
| Sovereign Issues | 37056 | 37056 |
| Ireland | Ireland | Ireland |
| Corporate Bonds & Notes | 1853 | 1853 |
| Loan Participations and Assignments | 0 | 9539 |
| Sovereign Issues | 15359 | 15359 |
| Israel | Israel | Israel |
| Corporate Bonds & Notes | 13152 | 13152 |
| Sovereign Issues | 2258 | 2258 |
| Italy | Italy | Italy |
| Sovereign Issues | 1583 | 1583 |
| Ivory Coast | Ivory Coast | Ivory Coast |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Loan Participations and Assignments | 0 | 0 | 21017 | 21017 |
| Sovereign Issues | 0 | 28278 | 0 | 28278 |
| Jamaica | Jamaica | Jamaica | Jamaica | Jamaica |
| Corporate Bonds & Notes | 0 | 1521 | 0 | 1521 |
| Japan | Japan | Japan | Japan | Japan |
| Sovereign Issues | 0 | 2972 | 0 | 2972 |
| Jordan | Jordan | Jordan | Jordan | Jordan |
| Sovereign Issues | 0 | 5683 | 0 | 5683 |
| Kazakhstan | Kazakhstan | Kazakhstan | Kazakhstan | Kazakhstan |
| Corporate Bonds & Notes | 0 | 21221 | 0 | 21221 |
| Sovereign Issues | 0 | 8450 | 0 | 8450 |
| Kenya | Kenya | Kenya | Kenya | Kenya |
| Loan Participations and Assignments | 0 | 0 | 2228 | 2228 |
| Sovereign Issues | 0 | 21745 | 0 | 21745 |
| Kuwait | Kuwait | Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 0 | 16110 | 0 | 16110 |
| Latvia | Latvia | Latvia | Latvia | Latvia |
| Sovereign Issues | 0 | 4726 | 0 | 4726 |
| Lebanon | Lebanon | Lebanon | Lebanon | Lebanon |
| Sovereign Issues | 0 | 3364 | 0 | 3364 |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | 0 | 0 | 4870 | 4870 |
| Corporate Bonds & Notes | 0 | 55467 | 0 | 55467 |
| Sovereign Issues | 0 | 73021 | 0 | 73021 |
| Macedonia | Macedonia | Macedonia | Macedonia | Macedonia |
| Sovereign Issues | 0 | 9750 | 0 | 9750 |
| Malaysia | Malaysia | Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 0 | 19782 | 0 | 19782 |
| Mexico | Mexico | Mexico | Mexico | Mexico |
| Corporate Bonds & Notes | 0 | 122438 | 0 | 122438 |
| Sovereign Issues | 0 | 98043 | 0 | 98043 |
| Mongolia | Mongolia | Mongolia | Mongolia | Mongolia |
| Sovereign Issues | 0 | 1668 | 0 | 1668 |
| Morocco | Morocco | Morocco | Morocco | Morocco |
| Corporate Bonds & Notes | 0 | 19842 | 0 | 19842 |
| Netherlands | Netherlands | Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 0 | 15303 | 0 | 15303 |
| Loan Participations and Assignments | 0 | 0 | 5900 | 5900 |
| Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| Corporate Bonds & Notes | 0 | 13210 | 0 | 13210 |
| Loan Participations and Assignments | 0 | 4571 | 0 | 4571 |
| Sovereign Issues | 0 | 42954 | 0 | 42954 |
| Oman | Oman | Oman | Oman | Oman |
| Corporate Bonds & Notes | 0 | 7243 | 0 | 7243 |
| Sovereign Issues | 0 | 20026 | 0 | 20026 |
| Pakistan | Pakistan | Pakistan | Pakistan | Pakistan |
| Sovereign Issues | 0 | 14747 | 0 | 14747 |
| Panama | Panama | Panama | Panama | Panama |
| Corporate Bonds & Notes | 0 | 6770 | 0 | 6770 |
| Sovereign Issues | 0 | 44451 | 0 | 44451 |
| Paraguay | Paraguay | Paraguay | Paraguay | Paraguay |
| Sovereign Issues | 0 | 15017 | 0 | 15017 |
| Peru | Peru | Peru | Peru | Peru |
| Corporate Bonds & Notes | 0 | 46759 | 0 | 46759 |
| Sovereign Issues | 0 | 24294 | 0 | 24294 |
| Philippines | Philippines | Philippines | Philippines | Philippines |
| Corporate Bonds & Notes | 0 | 7945 | 0 | 7945 |
| Sovereign Issues | 0 | 4609 | 0 | 4609 |
| Poland | Poland | Poland | Poland | Poland |
| Corporate Bonds & Notes | 0 | 2850 | 0 | 2850 |
| Sovereign Issues | 0 | 31033 | 0 | 31033 |
| Qatar | Qatar | Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 0 | 42798 | 0 | 42798 |
| Sovereign Issues | 0 | 8732 | 0 | 8732 |
| Romania | Romania | Romania | Romania | Romania |
| Sovereign Issues | 0 | 68688 | 0 | 68688 |
| Russia | Russia | Russia | Russia | Russia |
| Sovereign Issues | 0 | 73 | 0 | 73 |
| Rwanda | Rwanda | Rwanda | Rwanda | Rwanda |
| Sovereign Issues | 0 | 1117 | 0 | 1117 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 0 | 24308 | 0 | 24308 |
| Sovereign Issues | 0 | 59761 | 0 | 59761 |
| Senegal | Senegal | Senegal | Senegal | Senegal |
| Loan Participations and Assignments | 0 | 0 | 3088 | 3088 |
| Sovereign Issues | 0 | 20268 | 0 | 20268 |
| Serbia | Serbia | Serbia | Serbia | Serbia |
| Loan Participations and Assignments | 0 | 0 | 5231 | 5231 |
| Sovereign Issues | 0 | 27931 | 0 | 27931 |
| Singapore | Singapore | Singapore | Singapore | Singapore |
| Corporate Bonds & Notes | 0 | 1678 | 0 | 1678 |
| South Africa | South Africa | South Africa | South Africa | South Africa |
| Corporate Bonds & Notes | 0 | 30625 | 0 | 30625 |
| Loan Participations and Assignments | 0 | 0 | 3331 | 3331 |
| Sovereign Issues | 0 | 53991 | 0 | 53991 |
| South Korea | South Korea | South Korea | South Korea | South Korea |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Corporate Bonds & Notes | 0 | 8276 | 0 | 8276 |
| Spain | Spain | Spain | Spain | Spain |
| Corporate Bonds & Notes | 0 | 2907 | 0 | 2907 |
| Sri Lanka | Sri Lanka | Sri Lanka | Sri Lanka | Sri Lanka |
| Sovereign Issues | 0 | 16026 | 0 | 16026 |
| Supranational | Supranational | Supranational | Supranational | Supranational |
| Corporate Bonds & Notes | 0 | 13004 | 0 | 13004 |
| Suriname | Suriname | Suriname | Suriname | Suriname |
| Sovereign Issues | 0 | 4342 | 0 | 4342 |
| Tanzania | Tanzania | Tanzania | Tanzania | Tanzania |
| Loan Participations and Assignments | 0 | 0 | 2799 | 2799 |
| Thailand | Thailand | Thailand | Thailand | Thailand |
| Corporate Bonds & Notes | 0 | 13390 | 0 | 13390 |
| Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago |
| Corporate Bonds & Notes | 0 | 3512 | 0 | 3512 |
| Tunisia | Tunisia | Tunisia | Tunisia | Tunisia |
| Sovereign Issues | 0 | 1225 | 0 | 1225 |
| Turkey | Turkey | Turkey | Turkey | Turkey |
| Corporate Bonds & Notes | 0 | 7076 | 0 | 7076 |
| Loan Participations and Assignments | 0 | 0 | 18558 | 18558 |
| Sovereign Issues | 0 | 70378 | 0 | 70378 |
| Uganda | Uganda | Uganda | Uganda | Uganda |
| Sovereign Issues | 0 | 411 | 0 | 411 |
| Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |
| Sovereign Issues | 0 | 30862 | 0 | 30862 |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
| Corporate Bonds & Notes | 0 | 41825 | 0 | 41825 |
| Sovereign Issues | 0 | 13559 | 0 | 13559 |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | 0 | 33665 | 5543 | 39208 |
| Non-Agency Mortgage-Backed Securities | 0 | 5865 | 0 | 5865 |
| United States | United States | United States | United States | United States |
| Asset-Backed Securities | 0 | 10494 | 0 | 10494 |
| Corporate Bonds & Notes | 0 | 30695 | 6553 | 37248 |
| Loan Participations and Assignments | 0 | 0 | 13960 | 13960 |
| Non-Agency Mortgage-Backed Securities | 0 | 42951 | 2514 | 45465 |
| U.S. Government Agencies | 0 | 26152 | 0 | 26152 |
| U.S. Treasury Obligations | 0 | 81209 | 0 | 81209 |
| Uruguay | Uruguay | Uruguay | Uruguay | Uruguay |
| Sovereign Issues | 0 | 10057 | 0 | 10057 |
| Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan |
| Corporate Bonds & Notes | 0 | 6852 | 0 | 6852 |
| Sovereign Issues | 0 | 9312 | 0 | 9312 |
| Venezuela | Venezuela | Venezuela | Venezuela | Venezuela |
| Corporate Bonds & Notes | 0 | 17319 | 0 | 17319 |
| Sovereign Issues | 0 | 15141 | 0 | 15141 |
| Vietnam | Vietnam | Vietnam | Vietnam | Vietnam |
| Sovereign Issues | 0 | 978 | 0 | 978 |
| Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) |
| Corporate Bonds & Notes | 0 | 3314 | 0 | 3314 |
| Zambia | Zambia | Zambia | Zambia | Zambia |
| Sovereign Issues | 0 | 5555 | 0 | 5555 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 1031 | 0 | 1031 |
| Repurchase Agreements | 0 | 66485 | 0 | 66485 |
| Nigeria Treasury Bills | 0 | 20591 | 0 | 20591 |
| South Africa Treasury Bills | 0 | 6332 | 0 | 6332 |
| U.S. Treasury Bills | 0 | 52 | 0 | 52 |
|  | $1 | $2831741 | $117733 | $2949475 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $171974 | $0 | $0 | $171974 |
| Total Investments | $171975 | $2831741 | $117733 | $3121449 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| Sovereign Issues | 0 | (11577) | 0 | (11577) |
| U.S. Treasury Obligations | 0 | (54632) | 0 | (54632) |
|  | $0 | $(66209) | $0 | $(66209) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 106 | 922 | 0 | 1028 |
| Over the counter | 0 | 7108 | 869 | 7977 |
|  | $106 | $8030 | $869 | $9005 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (11) | (2080) | 0 | (2091) |
| Over the counter | 0 | (15342) | 0 | (15342) |
|  | $(11) | $(17422) | $0 | $(17433) |
| Total Financial Derivative Instruments | $95 | $(9392) | $869 | $(8428) |
| Totals | $172070 | $2756140 | $118602 | $3046812 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Angola |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments<sup>(3)</sup> | Loan Participations and Assignments<sup>(3)</sup> | $4800 | $0 | $(4800) | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cayman Islands |  |  |  |  |  |  |  |  |  |  |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | 0 | 910 | 0 | 163 | 0 | (129) | 0 | 0 | 944 | (129) |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 6503 | 0 | 0 | 0 | 52 | 0 | 0 | 6555 | 52 |
| Loan Participations and Assignments<sup>(4)</sup> | Loan Participations and Assignments<sup>(4)</sup> | 4980 | 0 | 0 | 0 | 0 | 123 | 0 | 0 | 5103 | 123 |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 8741 | 0 | 0 | 7 | 0 | 791 | 0 | 0 | 9539 | 791 |
| Ivory Coast |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 15980 | 10187 | (6775) | 26 | 261 | 1338 | 0 | 0 | 21017 | 1128 |
| Kenya |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 2661 | 0 | (450) | 4 | 2 | 11 | 0 | 0 | 2228 | 7 |
| Luxembourg |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | Common Stocks | 5436 | 0 | 0 | 0 | 0 | (566) | 0 | 0 | 4870 | (566) |
| Netherlands |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | Common Stocks | 14 | 0 | 0 | 0 | 0 | (14) | 0 | 0 | 0 | 0 |
| Loan Participations and Assignments | Loan Participations and Assignments | 5811 | 0 | 0 | 33 | 0 | 56 | 0 | 0 | 5900 | 56 |
| Senegal |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 4710 | 0 | (1450) | 1 | 98 | (271) | 0 | 0 | 3088 | (446) |
| Serbia |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 5566 | 5242 | (6291) | 4 | 905 | (195) | 0 | 0 | 5231 | (15) |
| South Africa |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 3564 | 0 | (625) | 9 | 44 | 339 | 0 | 0 | 3331 | 352 |
| Tanzania |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 3592 | 0 | (1088) | 3 | (21) | 313 | 0 | 0 | 2799 | 230 |
| Turkey |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 8468 | 0 | 0 | (69) | 0 | 1205 | 8954 | 0 | 18557 | 1206 |
| United Arab Emirates |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 3058 | 0 | (3054) | (9) | (36) | 41 | 0 | 0 | 0 | 0 |
| United Kingdom |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 6013 | 5551 | (6440) | 473 | (154) | 100 | 0 | 0 | 5543 | (8) |
| United States |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 6224 | 0 | 0 | 0 | 0 | 329 | 0 | 0 | 6553 | 329 |
| Loan Participations and Assignments | Loan Participations and Assignments | 4352 | 10025 | (510) | 1 | 0 | 92 | 0 | 0 | 13960 | 64 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 2448 | 0 | 0 | 0 | 0 | 66 | 0 | 0 | 2514 | 66 |
|  | $ | 96418 | $38418 | $(31483) | $646 | $1099 | $3681 | $8954 | $0 | $117733 | $3240 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | $ | 843 | $4 | $(25) | $0 | $0 | $(2) | $0 | $0 | $869 | $(2) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Totals | Totals | $97310 | 38422 | $ | $(31508) | $646 | $1099 | $3679 | $8954 | $0 | 0 | $ | 118602 | $ | 3238 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | $944 | 944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 13.000 - 21.500 | 13.000 - 21.500 | 13.000 - 21.500 | 16.757 | 16.757 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 6487 | 6487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.429 | 5.429 | 5.429 |  |  |
|  |  |  | 68 | 68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 6.000 | 6.000 | 6.000 |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 5103 | 5103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.597 | 6.597 | 6.597 |  |  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 9539 | 9539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939 | 3.939 | 3.939 |  |  |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 21017 | 21017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.796 - 6.177 | 4.796 - 6.177 | 4.796 - 6.177 | 5.567 | 5.567 |
| Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 2228 | 2228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 9.577 | 9.577 | 9.577 |  |  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | Common Stocks | Common Stocks | 4870 | 4870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $22.563 | 22.563 | 22.563 |  |  |
| Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 5900 | 5900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.436 | 7.436 | 7.436 |  |  |
| Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 3088 | 3088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 33.767 | 33.767 | 33.767 |  |  |
| Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 5231 | 5231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 9.069 | 9.069 | 9.069 |  |  |
| South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 3331 | 3331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.101 | 10.101 | 10.101 |  |  |
| Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 2799 | 2799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.750 | 100.750 | 100.750 |  |  |
| Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 9604 | 9604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.555 - 4.834 | 4.555 - 4.834 | 4.555 - 4.834 | 4.617 | 4.617 |
|  |  |  | 8954 | 8954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250 | 100.250 | 100.250 |  |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 5543 | 5543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 99.972 | 99.972 | 99.972 |  |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 6553 | 6553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.360 | 5.360 | 5.360 |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 3920 | 3920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 95.550 | 95.550 | 95.550 |  |  |
|  |  |  | 10040 | 10040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.396 | 100.396 | 100.396 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 2514 | 2514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.309 | 6.309 | 6.309 |  |  |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | Over the counter | 869 | 869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497 - 5.818 | 0.497 - 5.818 | 0.497 - 5.818 | 5.271 | 5.271 |
| Total | Total | Total | $118602 | 118602 |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. | Security country updated from United states to Angola since prior fiscal year end. |
| <sup>(4)</sup> | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. | Security country updated from United states to Cayman Islands since prior fiscal year end. |

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<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 91.5% ¤** |  |  |
| **ARGENTINA 1.9%**  |  |  |
| **CORPORATE BONDS & NOTES 1.9%**  |  |  |
| **Pampa Energia SA**  |  |  |
| 7.750% due 11/14/2037  | $100 | $99 |
| 7.875% due 12/16/2034  | 200 | 202 |
| **Telecom Argentina SA** <br>9.250% due 05/28/2033 | 200 | 209 |
| **Transportadora de Gas del Sur SA** <br>7.750% due 11/20/2035 | 100 | 99 |
| **Vista Energy Argentina SAU** <br>8.500% due 06/10/2033 | 400 | 411 |
| **YPF SA** <br>9.500% due 01/17/2031 | 100 | 107 |
|  |  | 1127 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Argentina Bonar Bonds** <br>0.750% due 07/09/2030 þ | 5 | 3 |
| Total Argentina (Cost $1,105) |  | 1130 |
| **AUSTRALIA 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Santos Finance Ltd.** <br>5.750% due 11/13/2035 | $300 | 298 |
| Total Australia (Cost $300) |  | 298 |
| **AUSTRIA 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **LD Celulose International GmbH** <br>7.950% due 01/26/2032 | $200 | 209 |
| Total Austria (Cost $207) |  | 209 |
| **AZERBAIJAN 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **SOCAR Turkey Enerji AS via Steas Funding 1 DAC** <br>7.230% due 03/17/2026 | $200 | 200 |
| Total Azerbaijan (Cost $200) |  | 200 |
| **BERMUDA 1.7%**  |  |  |
| **CORPORATE BONDS & NOTES 1.7%**  |  |  |
| **Digicel International Finance Ltd./Difl U.S. LLC** <br>8.625% due 08/01/2032 | $600 | 623 |
| **Golar LNG Ltd.** <br>7.500% due 10/02/2030 | 200 | 194 |
| **Li & Fung Ltd.** <br>8.375% due 02/05/2029 | 200 | 206 |
| Total Bermuda (Cost $1,010) |  | 1023 |
| **BRAZIL 4.7%**  |  |  |
| **CORPORATE BONDS & NOTES 4.7%**  |  |  |
| **Aegea Finance SARL** <br>7.625% due 01/20/2036 | $200 | 191 |
| **Banco do Brasil SA** <br>8.500% due 07/29/2026 | 7000 | 392 |
| **Braskem Netherlands Finance BV** <br>4.500% due 01/31/2030 | $200 | 78 |
| **CSN Resources SA** <br>4.625% due 06/10/2031 | 200 | 154 |

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<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Embraer Netherlands Finance BV** <br>5.400% due 01/09/2038 | 300 | 297 |
| **Petrobras Global Finance BV** <br>5.125% due 09/10/2030 | 650 | 638 |
| **Rede D'or Finance SARL** <br>6.450% due 09/09/2035 | 200 | 206 |
| **Samarco Mineracao SA (9.000% Cash or 9.000% PIK)** <br>9.500% due 06/30/2031 (a) | 219 | 222 |
| **Suzano Netherlands BV** <br>5.500% due 01/15/2036 | 200 | 198 |
| **Unigel Luxembourg SA (11.000% Cash or 12.000% PIK)** <br>11.000% due 12/31/2028 ^(a)(b) | 484 | 34 |
| **Unigel Luxembourg SA (13.500% Cash or 15.000% PIK)** <br>13.500% due 12/31/2027 ^(a)(b) | 222 | 46 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 200 | 204 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(g) | 2910 | 218 |
|  |  | 2878 |
|  | SHARES |  |
| **WARRANTS 0.0%**  |  |  |
| **OAS SA - Exp. 05/16/2039 «(j)** | 131712 | 0 |
| Total Brazil (Cost $3,375) |  | 2878 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CANADA 2.8%**  |  |  |
| **CORPORATE BONDS & NOTES 2.8%**  |  |  |
| **First Quantum Minerals Ltd.**  |  |  |
| 7.250% due 02/15/2034  | $300 | 316 |
| 8.000% due 03/01/2033  | 300 | 321 |
| 8.625% due 06/01/2031  | 300 | 316 |
| **Ivanhoe Mines Ltd.** <br>7.875% due 01/23/2030 | 200 | 207 |
| **Windfall Mining Group, Inc./Groupe Minier Windfall, Inc.** <br>5.854% due 05/13/2032 | 500 | 522 |
| Total Canada (Cost $1,589) |  | 1682 |
| **CAYMAN ISLANDS 11.7%**  |  |  |
| **CONVERTIBLE BONDS & NOTES 0.5%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (e)  | $47 | 1 |
| 0.000% due 12/31/2027 (e)  | 58 | 0 |
| 0.000% due 12/31/2028 (e)  | 93 | 1 |
| 0.000% due 12/31/2029 (e)  | 93 | 1 |
| 0.000% due 12/31/2030 (e)  | 116 | 0 |
| 0.000% due 12/31/2031 (e)  | 116 | 0 |
| 0.000% due 12/31/2032 (e)  | 220 | 2 |
| **Wynn Macau Ltd.** <br>4.500% due 03/07/2029 | 300 | 307 |
|  |  | 312 |
| **CORPORATE BONDS & NOTES 11.2%**  |  |  |
| **Avilease Capital Ltd.** <br>4.750% due 11/12/2030 | 300 | 298 |
| **China Modern Dairy Holdings Ltd.** <br>2.125% due 07/14/2026 | 300 | 296 |
| **Emaar Sukuk Ltd.** <br>3.635% due 09/15/2026 | 450 | 449 |
| **Energuate Trust 2 0** <br>6.350% due 09/15/2035 | 400 | 400 |
| **Esic Sukuk Ltd.** <br>5.831% due 02/14/2029 | 300 | 310 |
| **Foxconn Far East Ltd.** <br>1.875% due 08/25/2028 | 300 | 278 |
| **FWD Group Holdings Ltd.** <br>5.836% due 09/22/2035 | 300 | 304 |
| **Greentown China Holdings Ltd.** <br>8.450% due 02/24/2028 | 200 | 201 |
| **IHS Holding Ltd.** <br>8.250% due 11/29/2031 | 500 | 524 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 10 | 1 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 78 | 2 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 131 | 2 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 158 | 2 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 238 | 4 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 224 | 3 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 54 | 1 |
| **KFH Sukuk Co.** <br>5.376% due 01/14/2030 | 200 | 207 |
| **Meituan** <br>5.125% due 11/05/2035 | 300 | 297 |
| **Melco Resorts Finance Ltd.** <br>6.500% due 09/24/2033 | 300 | 301 |
| **Montego Bay Airport Revenue Finance Ltd.** <br>6.600% due 06/15/2035 | 300 | 301 |
| **QIC Cayman Ltd.** <br>6.150% due 04/10/2031 •(g) | 300 | 305 |
| **QNB Finance Ltd.** <br>4.875% due 01/30/2029 | 300 | 306 |
| **Sands China Ltd.**  |  |  |
| 4.375% due 06/18/2030  | 200 | 198 |
| 5.400% due 08/08/2028  | 350 | 357 |
| **SNB Funding Ltd.** <br>6.000% due 06/24/2035 •(h) | 200 | 206 |
| **SNB Sukuk Ltd.** <br>2.342% due 01/19/2027 | 200 | 196 |
| **Sobha Sukuk Ltd.** <br>7.996% due 02/19/2029 | 200 | 204 |
| **SRC Sukuk Ltd.** <br>5.000% due 02/27/2028 | 300 | 305 |
| **VB DPR Finance Co.** <br>6.239% due 09/15/2035 «(j) | 300 | 300 |
| **Wynn Macau Ltd.** <br>6.750% due 02/15/2034 | 250 | 253 |
|  |  | 6811 |
| Total Cayman Islands (Cost $7,182) |  | 7123 |
| **CHILE 3.9%**  |  |  |
| **CORPORATE BONDS & NOTES 3.9%**  |  |  |
| **AES Andes SA**  |  |  |
| 6.250% due 03/14/2032  | $200 | 209 |
| 6.300% due 03/15/2029  | 200 | 207 |
| **Banco de Chile** <br>2.990% due 12/09/2031 | 300 | 274 |
| **Caja de Compensacion de Asignacion Familiar de Los Andes** <br>7.000% due 07/30/2029 | 200 | 214 |
| **Cencosud SA** <br>5.950% due 05/28/2031 | 300 | 315 |
| **Colbun SA** <br>5.375% due 09/11/2035 | 200 | 201 |
| **Empresa Electrica Cochrane SpA** <br>5.500% due 05/14/2027 | 23 | 23 |
| **Engie Energia Chile SA** <br>6.375% due 04/17/2034 | 200 | 214 |
| **Inversiones CMPC SA** <br>6.700% due 12/09/2057 •  | 200 | 201 |
| **Latam Airlines Group SA** <br>7.625% due 01/07/2031 | 500 | 526 |
| Total Chile (Cost $2,296) |  | 2384 |
|  | SHARES |  |
| **CHINA 0.0%**  |  |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (c)** | 694727 | 9 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total China (Cost $0) |  | 9 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **COLOMBIA 2.9%**  |  |  |
| **CORPORATE BONDS & NOTES 2.9%**  |  |  |
| **Banco Davivienda SA** <br>8.125% due 07/02/2035 •(h) | $300 | 315 |
| **Ecopetrol SA**  |  |  |
| 5.875% due 05/28/2045  | 350 | 261 |
| 8.875% due 01/13/2033  | 300 | 320 |
| **Grupo Energia Bogota SA ESP** <br>5.750% due 10/22/2035 | 300 | 298 |
| **Grupo Nutresa SA** <br>9.000% due 05/12/2035 | 500 | 565 |
| Total Colombia (Cost $1,848) |  | 1759 |
| **CZECH REPUBLIC 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Czechoslovak Group AS** <br>6.500% due 01/10/2031 | $200 | 206 |
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 200 | 254 |
| Total Czech Republic (Cost $423) |  | 460 |
| **DOMINICAN REPUBLIC 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Dominican Republic International Bonds** <br>11.250% due 09/15/2035 | 24000 | 423 |
| Total Dominican Republic (Cost $423) |  | 423 |
| **ECUADOR 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Corp. Quiport SA** <br>9.000% due 12/15/2037 | $300 | 322 |
| Total Ecuador (Cost $300) |  | 322 |
| **EGYPT 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 30200 | 634 |
| Total Egypt (Cost $578) |  | 634 |
| **GERMANY 0.5%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.5%**  |  |  |
| **Stepstone Group MidCo 2 GmbH**<br>8.199% (TSFR3M + 4.500%) due 12/19/2031 ~ | $299 | 280 |
| Total Germany (Cost $296) |  | 280 |
| **HONG KONG 1.5%**  |  |  |
| **CORPORATE BONDS & NOTES 1.5%**  |  |  |
| **Fortune Star BVI Ltd.** <br>6.800% due 09/09/2029 | $300 | 296 |
| **GLP China Holdings Ltd.** <br>2.950% due 03/29/2026 | 400 | 394 |
| **Lenovo Group Ltd.** <br>3.421% due 11/02/2030 | 200 | 190 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Hong Kong (Cost $853) |  | 880 |
| **HUNGARY 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **OTP Bank Nyrt** <br>8.750% due 05/15/2033 •  | $200 | 214 |
| Total Hungary (Cost $212) |  | 214 |
| **INDIA 4.1%**  |  |  |
| **CORPORATE BONDS & NOTES 4.1%**  |  |  |
| **Adani Electricity Mumbai Ltd.** <br>3.949% due 02/12/2030 | $262 | 244 |
| **IIFL Finance Ltd.** <br>8.750% due 07/24/2028 | 200 | 205 |
| **Muthoot Finance Ltd.**  |  |  |
| 6.375% due 03/02/2030  | 300 | 305 |
| 7.125% due 02/14/2028  | 200 | 205 |
| **REC Ltd.** <br>5.625% due 04/11/2028 | 600 | 617 |
| **Reliance Industries Ltd.** <br>2.875% due 01/12/2032 | 300 | 274 |
| **ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries** <br>4.500% due 07/14/2028 | 250 | 240 |
| **Sammaan Capital Ltd.**  |  |  |
| 8.950% due 08/28/2028  | 200 | 207 |
| 9.700% due 07/03/2027  | 200 | 207 |
| Total India (Cost $2,511) |  | 2504 |
| **INDONESIA 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Freeport Indonesia PT** <br>6.200% due 04/14/2052 | $200 | 204 |
| Total Indonesia (Cost $155) |  | 204 |
| **IRELAND 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Alfa Bank AO Via Alfa Bond Issuance PLC** <br>5.950% due 04/15/2030 ^«(h) | $900 | 54 |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | 127 | 120 |
|  |  | 174 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%**  |  |  |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 200 | 236 |
| Total Ireland (Cost $1,231) |  | 410 |
| **ISLE OF MAN 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **AngloGold Ashanti Holdings PLC** <br>3.750% due 10/01/2030 | $400 | 384 |
| Total Isle of Man (Cost $365) |  | 384 |
| **ISRAEL 2.1%**  |  |  |
| **CORPORATE BONDS & NOTES 2.1%**  |  |  |
| **Bank Hapoalim BM** <br>3.255% due 01/21/2032 •(h) | $200 | 196 |
| **Bank Leumi Le-Israel BM** <br>7.129% due 07/18/2033 •(h) | 200 | 209 |
| **Energean Israel Finance Ltd.** <br>5.375% due 03/30/2028 | 400 | 395 |
| **ICL Group Ltd.** <br>6.375% due 05/31/2038 | 100 | 104 |
| **Israel Electric Corp. Ltd.** <br>4.250% due 08/14/2028 | 200 | 198 |
| **Leviathan Bond Ltd.** <br>6.500% due 06/30/2027 | 200 | 202 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Israel (Cost $1,243) |  | 1304 |
| **IVORY COAST 1.0%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.0%**  |  |  |
| **Republic of Cote d'Ivoire**<br>5.153% - 9.488% (EUR006M + 3.050%) due 03/09/2026 «~ | 500 | 587 |
| Total Ivory Coast (Cost $533) |  | 587 |
| **JERSEY, CHANNEL ISLANDS 0.2%**  |  |  |
| **CONVERTIBLE BONDS & NOTES 0.2%**  |  |  |
| **Goldman Sachs Finance Corp. International Ltd.** <br>0.000% due 04/04/2028 (e) | $100 | 142 |
| Total Jersey, Channel Islands (Cost $103) |  | 142 |
| **KAZAKHSTAN 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Kaspi.KZ JSC** <br>6.250% due 03/26/2030 | $300 | 308 |
| **Tengizchevroil Finance Co. International Ltd.** <br>3.250% due 08/15/2030 | 300 | 279 |
| Total Kazakhstan (Cost $555) |  | 587 |
| **LUXEMBOURG 2.1%**  |  |  |
| **CORPORATE BONDS & NOTES 1.7%**  |  |  |
| **Chile Electricity Lux MPC II SARL** <br>5.672% due 10/20/2035 | $291 | 303 |
| **PRIO Luxembourg Holding SARL** <br>6.750% due 10/15/2030 | 300 | 292 |
| **Raizen Fuels Finance SA** <br>6.250% due 07/08/2032 | 500 | 421 |
|  |  | 1016 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 250 | 255 |
| Total Luxembourg (Cost $1,333) |  | 1271 |
|  | SHARES |  |
| **MEXICO 3.3%**  |  |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Hipotecaria Su Casita SA «(c)** | 172487 | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 3.3%**  |  |  |
| **Banco Mercantil del Norte SA** <br>5.875% due 01/24/2027 •(g)(h) | $200 | 200 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico** <br>7.625% due 02/11/2035 •(h) | 200 | 211 |
| **Corp. Inmobiliaria Vesta SAB de CV** <br>5.500% due 01/30/2033 | 200 | 203 |
| **El Puerto de Liverpool SAB de CV** <br>6.658% due 01/22/2037 | 200 | 214 |
| **FIBRA Prologis** <br>5.500% due 11/26/2035 | 200 | 201 |
| **Grupo Televisa SAB** <br>5.250% due 05/24/2049 | 200 | 132 |
| **Metalsa SAPI de CV** <br>3.750% due 05/04/2031 | 300 | 261 |
| **Minera Mexico SA de CV** <br>5.625% due 02/12/2032 | 300 | 311 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Trust 2401** <br>6.390% due 01/15/2050 | 300 | 289 |
|  |  | 2022 |
| Total Mexico (Cost $3,208) |  | 2022 |
| **MOROCCO 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.9%**  |  |  |
| **OCP SA** <br>6.875% due 04/25/2044 | $500 | 523 |
| Total Morocco (Cost $482) |  | 523 |
|  | SHARES |  |
| **NETHERLANDS 1.4%**  |  |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Stichting Administratiekantoor «(c)** | 1831 | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **Prosus NV** <br>4.987% due 01/19/2052 | $300 | 239 |
| **Teva Pharmaceutical Finance Netherlands III BV** <br>4.100% due 10/01/2046 | 300 | 227 |
| **Unigel Netherlands Holding Corp. BV (15.000% Cash or 15.000% PIK)** <br>15.000% due 12/31/2044 ^(a)(b) | 394 | 13 |
| **Veon Midco BV** <br>3.375% due 11/25/2027 | 200 | 190 |
|  |  | 669 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **VEON Amsterdam BV**<br>8.206% (TSFR3M + 4.250%) due 03/25/2027 «~ | 200 | 200 |
| Total Netherlands (Cost $930) |  | 869 |
| **OMAN 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Bank Muscat SAOG** <br>4.846% due 10/01/2030 | $300 | 301 |
| Total Oman (Cost $300) |  | 301 |
| **PANAMA 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Telecomunicaciones Digitales SA** <br>4.500% due 01/30/2030 | $400 | 381 |
| Total Panama (Cost $363) |  | 381 |
| **PERU 3.4%**  |  |  |
| **CORPORATE BONDS & NOTES 3.2%**  |  |  |
| **Banco de Credito del Peru SA** <br>6.450% due 07/30/2035 •  | $300 | 313 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 500 | 158 |
| 10.100% due 12/15/2043  | 500 | 162 |
| **InRetail Shopping Malls** <br>5.650% due 10/16/2032 | $400 | 403 |
| **Kallpa Generacion SA** <br>5.500% due 09/11/2035 | 300 | 302 |
| **Niagara Energy SAC** <br>5.746% due 10/03/2034 | 300 | 306 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Peru LNG SRL** <br>5.375% due 03/22/2030 | 300 | 290 |
|  |  | 1934 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 400 | 136 |
| Total Peru (Cost $1,972) |  | 2070 |
| **PHILIPPINES 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Petron Corp.** <br>5.950% due 04/19/2026 •(g) | $200 | 200 |
| **San Miguel Global Power Holdings Corp.**  |  |  |
| 5.450% due 12/09/2026 •(g)  | 200 | 196 |
| 8.750% due 06/12/2029 •(g)  | 200 | 206 |
| Total Philippines (Cost $494) |  | 602 |
| **POLAND 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **ORLEN SA** <br>6.000% due 01/30/2035 | $200 | 211 |
| Total Poland (Cost $197) |  | 211 |
| **QATAR 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Nakilat, Inc.** <br>6.067% due 12/31/2033 | $221 | 236 |
| **Qatarenergy LNG S3** <br>6.332% due 09/30/2027 | 161 | 162 |
| Total Qatar (Cost $403) |  | 398 |
| **REPUBLIC OF KOREA 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Shinhan Financial Group Co. Ltd.** <br>5.000% due 07/24/2028 | $200 | 205 |
| Total Republic of Korea (Cost $203) |  | 205 |
| **ROMANIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Romania Government International Bonds** <br>5.375% due 06/07/2033 | 100 | 119 |
| Total Romania (Cost $116) |  | 119 |
| **RUSSIA 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **ALROSA Finance SA** <br>3.100% due 06/25/2027 ^«(b) | $800 | 48 |
| Total Russia (Cost $804) |  | 48 |
| **SAUDI ARABIA 1.2%**  |  |  |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **Saudi Arabian Oil Co.** <br>4.750% due 06/02/2030 | $200 | 203 |
| **Saudi Awwal Bank** <br>5.947% due 09/04/2035 •(h) | 500 | 507 |
| Total Saudi Arabia (Cost $705) |  | 710 |
| **SINGAPORE 1.8%**  |  |  |
| **CORPORATE BONDS & NOTES 1.8%**  |  |  |
| **Cathaylife Singapore Pte. Ltd.** <br>5.950% due 07/05/2034 | $200 | 213 |
| **GLP Pte. Ltd.** <br>9.750% due 05/20/2028 | 200 | 205 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Medco Cypress Tree Pte. Ltd.** <br>8.625% due 05/19/2030 | 250 | 263 |
| **Nanshan Life Pte. Ltd.** <br>5.450% due 09/11/2034 | 200 | 199 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 200 | 210 |
| Total Singapore (Cost $1,068) |  | 1090 |
| **SOUTH AFRICA 1.9%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Bidvest Group U.K. PLC** <br>6.200% due 09/17/2032 | $200 | 204 |
| **Sasol Financing USA LLC** <br>6.500% due 09/27/2028 | 400 | 394 |
|  |  | 598 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 8300 | 523 |
| Total South Africa (Cost $1,004) |  | 1121 |
| **SOUTH KOREA 2.3%**  |  |  |
| **CONVERTIBLE BONDS & NOTES 0.3%**  |  |  |
| **LG Chem Ltd.** <br>1.600% due 07/18/2030 | $200 | 194 |
| **CORPORATE BONDS & NOTES 2.0%**  |  |  |
| **Hanwha Life Insurance Co. Ltd.** <br>6.300% due 06/24/2055 •  | 300 | 312 |
| **Kookmin Bank** <br>2.500% due 11/04/2030 (h)(k) | 500 | 456 |
| **LG Energy Solution Ltd.** <br>5.750% due 09/25/2028 | 200 | 207 |
| **SK Hynix, Inc.** <br>6.375% due 01/17/2028 | 200 | 209 |
|  |  | 1184 |
| Total South Korea (Cost $1,365) |  | 1378 |
| **SPAIN 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA** <br>5.375% due 12/30/2030 | $400 | 372 |
| Total Spain (Cost $372) |  | 372 |
| **SUPRANATIONAL 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **African Development Bank** <br>5.875% due 05/07/2035 •(g)(h) | $200 | 200 |
| Total Supranational (Cost $200) |  | 200 |
| **THAILAND 1.3%**  |  |  |
| **CORPORATE BONDS & NOTES 1.3%**  |  |  |
| **Bangkok Bank PCL**  |  |  |
| 4.507% due 11/26/2030  | $200 | 200 |
| 5.082% due 11/26/2035  | 200 | 200 |
| **GC Treasury Center Co. Ltd.**  |  |  |
| 6.500% due 09/10/2030 •(g)  | 200 | 203 |
| 7.125% due 03/10/2035 •(g)  | 200 | 204 |
|  |  | 807 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 3.300% due 06/17/2038  | 30 | 1 |
| 3.350% due 06/17/2033  | 40 | 1 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.450% due 06/17/2043  | 20 | 1 |
|  |  | 3 |
| Total Thailand (Cost $803) |  | 810 |
| **TRINIDAD AND TOBAGO 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Trinidad Generation UnLtd.** <br>7.750% due 06/16/2033 | $200 | 207 |
| Total Trinidad and Tobago (Cost $207) |  | 207 |
| **TURKEY 3.6%**  |  |  |
| **CORPORATE BONDS & NOTES 3.6%**  |  |  |
| **Akbank TAS** <br>7.498% due 01/20/2030 | $500 | 530 |
| **TT Varlik Kiralama AS** <br>6.500% due 10/30/2030 | 200 | 202 |
| **Turk Telekomunikasyon AS** <br>6.950% due 10/07/2032 | 300 | 307 |
| **Turkcell Iletisim Hizmetleri AS** <br>7.450% due 01/24/2030 | 200 | 211 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 217 | 215 |
| **Turkiye Is Bankasi AS** <br>7.750% due 06/12/2029 | 200 | 212 |
| **Turkiye Vakiflar Bankasi TAO** <br>7.250% due 07/31/2030 | 300 | 311 |
| **Yapi ve Kredi Bankasi AS** <br>9.250% due 10/16/2028 | 200 | 220 |
| Total Turkey (Cost $2,102) |  | 2208 |
| **UKRAINE 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(f)  | $45 | 27 |
| 0.000% due 02/01/2034 þ(f)  | 168 | 80 |
| 4.500% due 02/01/2036 þ  | 52 | 30 |
| Total Ukraine (Cost $111) |  | 137 |
| **UNITED ARAB EMIRATES 3.6%**  |  |  |
| **CORPORATE BONDS & NOTES 3.6%**  |  |  |
| **Abu Dhabi Future Energy Co. PJSC Masdar** <br>4.875% due 07/25/2033 | $700 | 709 |
| **Alpha Star Holding IX Ltd.** <br>7.000% due 08/26/2028 | 500 | 513 |
| **DAE Sukuk Difc Ltd.** <br>4.500% due 10/16/2030 | 300 | 297 |
| **First Abu Dhabi Bank PJSC** <br>4.774% due 06/06/2028 (k) | 300 | 305 |
| **NBK SPC Ltd.** <br>1.625% due 09/15/2027 •  | 400 | 392 |
| Total United Arab Emirates (Cost $2,161) |  | 2216 |
| **UNITED KINGDOM 4.2%**  |  |  |
| **CORPORATE BONDS & NOTES 4.0%**  |  |  |
| **Anglo American Capital PLC** <br>5.500% due 05/02/2033 | $300 | 311 |
| **Antofagasta PLC**  |  |  |
| 2.375% due 10/14/2030  | 300 | 272 |
| 5.625% due 09/09/2035  | 200 | 206 |
| **Avianca Midco 2 PLC** <br>9.000% due 12/01/2028 | 400 | 404 |
| **Azule Energy Finance PLC** <br>8.125% due 01/23/2030 | 450 | 451 |
| **ICBC Standard Bank PLC** <br>20.000% due 09/18/2029 « | 2883000 | 243 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | $200 | 154 |
| **Vedanta Resources Finance II PLC** <br>10.875% due 09/17/2029 | 200 | 211 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **WE Soda Investments Holding PLC** <br>9.500% due 10/06/2028 | 200 | 202 |
|  |  | 2454 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%**  |  |  |
| **Canada Square Funding 6 PLC** <br>4.785% due 01/17/2059 •  | 69 | 93 |
| Total United Kingdom (Cost $2,457) |  | 2547 |
| **UNITED STATES 6.6%**  |  |  |
| **CORPORATE BONDS & NOTES 5.4%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $630 | 666 |
| **Hanwha Q Cells Americas Holdings Corp.** <br>5.000% due 07/27/2028 | 200 | 205 |
| **Invepar Holdings LLC** <br>1.000% due 12/31/2049 «(j) | 158 | 0 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.900% due 08/08/2029  | 400 | 391 |
| 6.000% due 08/15/2029  | 300 | 314 |
| **MercadoLibre, Inc.** <br>4.900% due 01/15/2033 | 200 | 198 |
| **Momentive Performance Materials, Inc.** <br>4.125% due 10/22/2028 | 500 | 500 |
| **Rio Oil Finance Trust** <br>8.200% due 04/06/2028 | 190 | 197 |
| **SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development** <br>9.000% due 11/14/2030 | 200 | 190 |
| **SK Battery America, Inc.** <br>4.875% due 01/23/2027 | 300 | 302 |
| **Stillwater Mining Co.** <br>4.000% due 11/16/2026 | 300 | 298 |
|  |  | 3261 |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Colombia TES** <br>1.000% due 08/22/2029 | 2305900 | 576 |
| **U.S. TREASURY OBLIGATIONS 0.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 | $200 | 130 |
| Total United States (Cost $3,958) |  | 3967 |
| **UZBEKISTAN 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Uzauto Motors AJ** <br>7.375% due 11/19/2030 | $200 | 201 |
| **Uzbek Industrial & Construction Bank ATB**  |  |  |
| 9.450% due 10/23/2030 •(g)  | 200 | 201 |
| 21.000% due 07/24/2027  | 2500000 | 223 |
| Total Uzbekistan (Cost $599) |  | 625 |
| **VIRGIN ISLANDS (BRITISH) 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **CS Treasury Management Services P Ltd.** <br>9.000% due 12/31/2099 (g) | $200 | 193 |
| **OAS Restructuring BVI Ltd.** <br>5.000% due 03/31/2035 « | 356 | 3 |
| Total Virgin Islands (British) (Cost $209) |  | 196 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 1.3%**  |  |  |
| **MUTUAL FUNDS 0.4%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br>3.850% (i) | 268607 | 269 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  |  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **NIGERIA TREASURY BILLS 0.9%**  |  |  |  |
| 29.869% due 03/10/2026 - 06/29/2026 (d)(e) | NGN | 840072 | 534 |
| Total Short-Term Instruments (Cost $769) |  |  | 803 |
| Total Investments in Securities (Cost $57,788) |  |  | 55637 |
|  |  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 7.7%**  |  |  |  |
| **SHORT-TERM INSTRUMENTS 7.7%**  |  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 7.7%**  |  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** |  | 482587 | 4701 |
| Total Short-Term Instruments (Cost $4,699) |  |  | 4701 |
| Total Investments in Affiliates (Cost $4,699) |  |  | 4701 |
| Total Investments 99.2% (Cost $62,487) |  |  | $60338 |
| **Financial Derivative Instruments (l)(m) (0.1)**%(Cost or Premiums, net $349) |  |  | (88) |
| Other Assets and Liabilities, net 0.9% |  |  | 567 |
| Net Assets 100.0% |  |  | $60817 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(h)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(i)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(j)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Invepar Holdings LLC 1.000% due 12/31/2049 | Invepar Holdings LLC 1.000% due 12/31/2049 | Invepar Holdings LLC 1.000% due 12/31/2049 |  | 11/16/2018 | 11/16/2018 | 0 | 0 | 0 | 0 | 0.00 |
| OAS SA - Exp. 05/16/2039 | OAS SA - Exp. 05/16/2039 | OAS SA - Exp. 05/16/2039 |  | 04/30/2019 | 04/30/2019 | 0 | 0 | 0 | 0 | 0.00 |
| VB DPR Finance Co. 6.239% due 09/15/2035 | VB DPR Finance Co. 6.239% due 09/15/2035 | VB DPR Finance Co. 6.239% due 09/15/2035 |  |  |  | 300 | 300 | 300 | 300 | 0.49 |
|  |  |  |  |  | $ | 300 | 300 | 300 | 0.49%  | 0.49%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BRC | BRC | 3.700%  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (428) | (428) | (429) | (429) |
|  |  | 3.800  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (287) | (287) | (287) | (287) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **(716)** | **(716)** |
| **(k)** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $761 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1238) at a weighted average interest rate of 4.508%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset |  | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 13 | 2714 | 1 | 1 | 1 | 0 | $ | $(1) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 78 | 8526 | (1) | (1) | (1) | 0 |  | (9) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 26 | 2923 | (6) | (6) | (6) | 0 |  | (5) |
|  |  |  |  |  | (6) | (6) | $ | 0 | $ | (15) |

---

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<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 2 | $ | (230) | $1 | 1 | 0 | 0 | 0 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(5)** | **$** | **0** | **0** | **$** | **(15)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(2)</sup> |  | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(3)</sup> | Market<br>Value<sup>(3)</sup> | Asset | Asset | Liability |
| CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | $ | 900 | $ | (27) | 30 | 3 | 3 | 0 | 0 | 0 |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 |  | 200 |  | (6) | 6 | 0 | 0 | 0 | 0 | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 200 |  | (3) | 1 | (2) | (2) | 0 | 0 | 0 |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 250 |  | 19 | 1 | 20 | 20 | 0 | 0 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 2500 |  | 56 | 1 | 57 | 57 | 0 | 0 | 0 |
| iTraxx Crossover 44 5-Year Index  | iTraxx Crossover 44 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | 170 |  | 21 | 2 | 23 | 23 | 0 | 0 | 0 |
| iTraxx Main 44 5-Year Index  | iTraxx Main 44 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 1100 |  | 28 | 2 | 30 | 30 | 1 | 1 | 0 |
|  |  |  |  |  |  |  |  |  |  | $ | 88 | 43 | 131 | 131 | 1 | 1 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250% | 3.250% | Annual | Annual | 06/18/2029 | $ | $1800 | 1800 | $34 | (17) | 17 | 17 | $2 | 2 | $0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 06/20/2029 |  | 1400 | 1400 | (14) | 28 | 14 | 14 | 0 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 |  | 1700 | 1700 | 44 | (22) | 22 | 22 | 0 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2030 |  | 400 | 400 | 10 | (5) | 5 | 5 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 09/17/2030 |  | 200 | 200 | (4) | 2 | (2) | (2) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2034 |  | 400 | 400 | 13 | 2 | 15 | 15 | 1 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2034 |  | 500 | 500 | 13 | (12) | 1 | 1 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2035 |  | 1100 | 1100 | 45 | 7 | 52 | 52 | 3 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 09/17/2035 |  | 300 | 300 | (2) | 3 | 1 | 1 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 06/20/2054 |  | 300 | 300 | 19 | 16 | 35 | 35 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/18/2054 |  | 200 | 200 | (11) | 34 | 23 | 23 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2055 |  | 300 | 300 | 34 | 15 | 49 | 49 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 09/17/2055 |  | 500 | 500 | 47 | 11 | 58 | 58 | 1 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/17/2055 |  | 800 | 800 | (33) | (25) | (58) | (58) | 0 | 0 | (3) |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.131 | 12.131 | Maturity | Maturity | 01/04/2027 | BRL | 3500 | 3500 | 27 | (43) | (16) | (16) | 0 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.905 | 12.905 | Maturity | Maturity | 01/02/2029 |  | 400 | 400 | 0 | (1) | (1) | (1) | 0 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.867 | 12.867 | Maturity | Maturity | 01/02/2031 |  | 3300 | 3300 | 0 | (13) | (13) | (13) | 0 | 0 | (6) |
| Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | 4.250 | Semi-Annual | Semi-Annual | 03/19/2030 | AUD | 1100 | 1100 | 16 | (20) | (4) | (4) | 0 | 0 | (1) |
| Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.611 | 4.611 | Annual | Annual | 06/06/2028 | CZK | 6800 | 6800 | 3 | 13 | 16 | 16 | 0 | 0 | 0 |
| Receive<sup>(4)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | Annual | Annual | 03/18/2031 | EUR | 100 | 100 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Pay<sup>(4)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | 2.750 | Annual | Annual | 03/18/2036 |  | 400 | 400 | (4) | (4) | (8) | (8) | 0 | 0 | (1) |
| Receive<sup>(4)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | 3.000 | Annual | Annual | 03/18/2056 |  | 270 | 270 | 10 | 6 | 16 | 16 | 1 | 1 | 0 |
| Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 5.890 | 5.890 | Annual | Annual | 05/09/2030 | HUF | 184600 | 184600 | (6) | 19 | 13 | 13 | 1 | 1 | 0 |
| Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.190 | 6.190 | Annual | Annual | 11/18/2030 |  | 165000 | 165000 | 4 | (6) | (2) | (2) | 0 | 0 | (1) |
| Pay<sup>(4)</sup> | 6-Month THB-THBFIX | 6-Month THB-THBFIX | 1.000 | 1.000 | Quarterly | Quarterly | 03/18/2028 | THB | 6150 | 6150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 6-Month THB-THBFIX | 6-Month THB-THBFIX | 1.000 | Quarterly | Quarterly | 03/18/2031 |  | 3680 |  | 1 |  | 0 |  | 1 |  | 0 | 0 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.207 | Lunar | Lunar | 06/19/2028 | MXN | 3700 |  | 0 |  | 3 |  | 3 |  | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $246 | 246 | $(8) | (8) | $238 | 238 | $14 | 14 | 14 | $(16) | (16) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**334** | **334** | $**35** | **35** | $**369** | **369** | $**15** | **15** | **15** | $**(16)** | **(16)** |
| **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $745 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(3)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | PLN | 116 | 116 | 116 | $ | $32 | 32 | 32 | 0 | 0 | 0 | 0 | $(1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | DOP | 6673 | 6673 | 6673 |  | 105 | 105 | 105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $5 | 5 | 5 | NGN | 7607 | 7607 | 7607 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 161 | 161 | 161 | $ | $48 | 48 | 48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | CNH | 10 | 10 | 10 |  | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PHP | 447 | 447 | 447 |  | 8 | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 73 | 73 | 73 |  | 20 | 20 | 20 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $527 | 527 | 527 | COP | 2000658 | 2000658 | 2000658 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CZK | 181 | 181 | 181 | $ | $9 | 9 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | $ | $7 | 7 | 7 | PLN | 24 | 24 | 24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 492 | 492 | 492 | TRY | 22179 | 22179 | 22179 | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 1762 | 1762 | 1762 | $ | $102 | 102 | 102 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $87 | 87 | 87 | TRY | 3964 | 3964 | 3964 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 48 | 48 | 48 |  | 2181 | 2181 | 2181 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 02/2026  | 02/2026  | 02/2026  | PEN | 1518 | 1518 | 1518 | $ | $434 | 434 | 434 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | AUD | 34 | 34 | 34 |  | 22 | 22 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 1962552 | 1962552 | 1962552 |  | 502 | 502 | 502 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | DOP | 779 | 779 | 779 |  | 12 | 12 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 4352 | 4352 | 4352 |  | 49 | 49 | 49 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | SEK | 280 | 280 | 280 |  | 30 | 30 | 30 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $349 | 349 | 349 | EUR | 299 | 299 | 299 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 4 | 4 | 4 | THB | 137 | 137 | 137 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | NGN | 153400 | 153400 | 153400 | $ | $104 | 104 | 104 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $30 | 30 | 30 | CLP | 28779 | 28779 | 28779 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 4 | 4 | 4 | NGN | 5835 | 5835 | 5835 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | UZS | 144100 | 144100 | 144100 | $ | $11 | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2026  | 11/2026  | 11/2026  | NGN | 6128 | 6128 | 6128 |  | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 01/2026  | 01/2026  | INR | 1639 | 1639 | 1639 |  | 18 | 18 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 51322 | 51322 | 51322 |  | 35 | 35 | 35 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $13 | 13 | 13 | EGP | 636 | 636 | 636 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | UZS | 2500155 | 2500155 | 2500155 | $ | $203 | 203 | 203 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 3140 | 3140 | 3140 |  | 180 | 180 | 180 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | HUF | 6949 | 6949 | 6949 |  | 21 | 21 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $42 | 42 | 42 | NGN | 63951 | 63951 | 63951 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 197 | 197 | 197 | KZT | 112796 | 112796 | 112796 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | UZS | 1058172 | 1058172 | 1058172 | $ | $85 | 85 | 85 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | KZT | 35931 | 35931 | 35931 |  | 67 | 67 | 67 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | UZS | 403000 | 403000 | 403000 |  | 31 | 31 | 31 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 11/2026  | 11/2026  | 11/2026  |  | 1580558 | 1580558 | 1580558 |  | 121 | 121 | 121 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 12/2026  | 12/2026  | 12/2026  |  | 278261 | 278261 | 278261 |  | 21 | 21 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 01/2026  | 01/2026  | GBP | 75 | 75 | 75 |  | 98 | 98 | 98 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | MXN | 7710 | 7710 | 7710 |  | 416 | 416 | 416 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 125 | 125 | 125 |  | 34 | 34 | 34 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | SGD | 35 | 35 | 35 |  | 27 | 27 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $36 | 36 | 36 | PLN | 130 | 130 | 130 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 4457 | 4457 | 4457 | $ | $259 | 259 | 259 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  | 01/2026  | DOP | 3835 | 3835 | 3835 |  | 61 | 61 | 61 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NGN | 27873 | 27873 | 27873 |  | 19 | 19 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $39 | 39 | 39 | NGN | 55746 | 55746 | 55746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 32 | 32 | 32 | PLN | 117 | 117 | 117 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 1619 | 1619 | 1619 | $ | $94 | 94 | 94 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | DOP | 636 | 636 | 636 |  | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 4510 | 4510 | 4510 |  | 71 | 71 | 71 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | EGP | 1103 | 1103 | 1103 |  | 21 | 21 | 21 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $68 | 68 | 68 | DOP | 4424 | 4424 | 4424 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | DOP | 7197 | 7197 | 7197 | $ | $110 | 110 | 110 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | EGP | 3126 | 3126 | 3126 |  | 61 | 61 | 61 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | $104 | 104 | 104 | EGP | 5147 | 5147 | 5147 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 37 | 37 | 37 | $ | 5 | 5 | 5 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 693 | 693 | 693 |  | 8 | 8 | 8 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 119 | 119 | 119 |  | 32 | 32 | 32 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | $3 | 3 | 3 | EGP | 131 | 131 | 131 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 94 | 94 | 94 | KRW | 135531 | 135531 | 135531 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 23 | 23 | 23 | PLN | 85 | 85 | 85 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 313 | 313 | 313 | ZAR | 5379 | 5379 | 5379 |  | 11 | 11 | 11 |  | 0 |
|  |  | 02/2026  | 135353 | 135353 | 135353 | $ | 94 | 94 | 94 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | $6 | 6 | 6 | NGN | 9290 | 9290 | 9290 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 3887 | 3887 | 3887 | $ | 72 | 72 | 72 |  | 0 | 0 | 0 |  | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | $14 | 14 | 14 | EGP | 704 | 704 | 704 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 10 | 10 | 10 | THB | 309 | 309 | 309 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2026  | 1520 | 1520 | 1520 | $ | 27 | 27 | 27 |  | 0 | 0 | 0 |  | (3) |
|  |  | 09/2026  | 1818 | 1818 | 1818 |  | 33 | 33 | 33 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | $0 | 0 | 0 | EGP | 10 | 10 | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 2837 | 2837 | 2837 | $ | 55 | 55 | 55 |  | 0 | 0 | 0 |  | (3) |
|  |  | 04/2026  | 936 | 936 | 936 |  | 17 | 17 | 17 |  | 0 | 0 | 0 |  | (2) |
|  |  | 10/2026  | $96 | 96 | 96 | AZN | 171 | 171 | 171 |  | 2 | 2 | 2 |  | 0 |
|  |  | 10/2027  | 191 | 191 | 191 |  | 352 | 352 | 352 |  | 0 | 0 | 0 |  | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 84133 | 84133 | 84133 | $ | 58 | 58 | 58 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | $23 | 23 | 23 | TRY | 1018 | 1018 | 1018 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | 27 | 27 | 27 |  | 1207 | 1207 | 1207 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 22 | 22 | 22 | EGP | 1096 | 1096 | 1096 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | 11 | 11 | 11 | NGN | 16896 | 16896 | 16896 |  | 1 | 1 | 1 |  | 0 |
|  |  | 05/2026  | 252945 | 252945 | 252945 | $ | 165 | 165 | 165 |  | 0 | 0 | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 1366 | 1366 | 1366 |  | 1582 | 1582 | 1582 |  | 0 | 0 | 0 |  | (24) |
|  |  | 02/2026  | $3 | 3 | 3 | EGP | 162 | 162 | 162 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | $1 | 1 | 1 | MXN | 27 | 27 | 27 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 734 | 734 | 734 | $ | 13 | 13 | 13 |  | 0 | 0 | 0 |  | (2) |
|  |  | 09/2026  | 9323 | 9323 | 9323 |  | 167 | 167 | 167 |  | 0 | 0 | 0 |  | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | $22 | 22 | 22 | PLN | 80 | 80 | 80 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 3076 | 3076 | 3076 | $ | 177 | 177 | 177 |  | 0 | 0 | 0 |  | (9) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**75** | **75** | **75** | **$** | $**(166)** | **(166)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| GST | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Buy | 0.575% | 0.575% | 0.575% | 03/18/2026 | 7500 | 7500 | 7500 | $10 | 10 | $ | $8 |
|  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Buy | 0.575 | 0.575 | 0.575 | 04/15/2026 | 5900 | 5900 | 5900 | 10 | 10 |  | 9 |
|  |  |  |  |  |  |  |  |  |  |  |  | $20 | 20 | $ | $17 |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1419.000 | 1419.000 | 1419.000 | 898 | 898 | 898 | $5 | 5 | $ | $6 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1423.000 | 1423.000 | 1423.000 | 302 | 302 | 302 | 2 | 2 |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  |  | $7 | 7 | $ | $8 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**27** | **27** | **$** | $**25** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GST | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | 0.775% | 0.775% | 0.775% | 03/18/2026 | 7500 | 7500 | 7500 | $(4) | (4) | $ | $(3) |
|  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | 0.775 | 0.775 | 0.775 | 04/15/2026 | 5900 | 5900 | 5900 | (4) | (4) |  | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  | $(8) | (8) | $ | $(7) |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1383.000 | 1383.000 | 1383.000 | 898 | 898 | 898 | $(1) | (1) | $ | $(1) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1385.000 | 1385.000 | 1385.000 | 302 | 302 | 302 | (1) | (1) |  | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  | $(2) | (2) | $ | $(2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(10)** | **(10)** | **$** | $**(9)** |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BSS | BSS | Brazil Government International Bonds  | (1.000)% | Quarterly | 12/20/2030 | 1.379% | $450 | $10 | $(3) | (3) | $7 | $0 |
| MYC | MYC | South Korea Government International Bonds  | (1.000) | Quarterly | 12/20/2034 | 0.317 | 350 | (17) | (1) | (1) | 0 | (18) |
|  |  |  |  |  |  |  |  | $(7) | $(4) | (4) | $7 | $(18) |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BPS | BPS | Mexico Government International Bonds  | 1.000% | Quarterly | 12/20/2027 | 0.398% | $100 | $0 | $1 | 1 | $1 | $0 |
| DBL | DBL | Ping An Insurance (Group)  | 1.000 | Quarterly | 06/20/2028 | 1.018 | 300 | (1) | 1 | 1 | 0 | 0 |
| DUB | DUB | Petroleos Mexicanos « | 4.750 | Monthly | 07/06/2026 | —♦ | 124 | 0 | 1 | 1 | 1 | 0 |
| GST | GST | Indonesia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 0.689 | 300 | 3 | 1 | 1 | 4 | 0 |
|  |  | Israel Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.204 | 100 | 0 | 1 | 1 | 1 | 0 |
| JPM | JPM | Alibaba Group Holding Ltd.  | 1.000 | Quarterly | 06/20/2029 | 0.663 | 600 | 3 | 4 | 4 | 7 | 0 |
|  |  |  |  |  |  |  |  | $5 | $9 | 9 | $14 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(2)** | $**5** | **5** | $**21** | $**(18)** |
| <sup>♦</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(6)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Corporate Bonds & Notes | $1127 | $1127 |
| Sovereign Issues | 3 | 3 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 298 | 298 |
| Austria | Austria | Austria |
| Corporate Bonds & Notes | 209 | 209 |
| Azerbaijan | Azerbaijan | Azerbaijan |
| Corporate Bonds & Notes | 200 | 200 |
| Bermuda | Bermuda | Bermuda |
| Corporate Bonds & Notes | 1023 | 1023 |
| Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | 2878 | 2878 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 1682 | 1682 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Convertible Bonds & Notes | 312 | 312 |
| Corporate Bonds & Notes | 6511 | 6811 |
| Chile | Chile | Chile |
| Corporate Bonds & Notes | 2384 | 2384 |
| China | China | China |
| Common Stocks | 9 | 9 |
| Colombia | Colombia | Colombia |
| Corporate Bonds & Notes | 1759 | 1759 |
| Czech Republic | Czech Republic | Czech Republic |
| Corporate Bonds & Notes | 460 | 460 |
| Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 423 | 423 |
| Ecuador | Ecuador | Ecuador |
| Corporate Bonds & Notes | 322 | 322 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 634 | 634 |
| Germany | Germany | Germany |
| Loan Participations and Assignments | 280 | 280 |
| Hong Kong | Hong Kong | Hong Kong |
| Corporate Bonds & Notes | 880 | 880 |
| Hungary | Hungary | Hungary |
| Corporate Bonds & Notes | 214 | 214 |
| India | India | India |
| Corporate Bonds & Notes | 2504 | 2504 |
| Indonesia | Indonesia | Indonesia |
| Corporate Bonds & Notes | 204 | 204 |
| Ireland | Ireland | Ireland |
| Corporate Bonds & Notes | 120 | 174 |
| Loan Participations and Assignments | 0 | 236 |
| Isle of Man | Isle of Man | Isle of Man |
| Corporate Bonds & Notes | 384 | 384 |
| Israel | Israel | Israel |
| Corporate Bonds & Notes | 1304 | 1304 |
| Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | 0 | 587 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Convertible Bonds & Notes | 142 | 142 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Corporate Bonds & Notes | 587 | 587 |
| Luxembourg | Luxembourg | Luxembourg |
| Corporate Bonds & Notes | 1016 | 1016 |
| Sovereign Issues | 255 | 255 |
| Mexico | Mexico | Mexico |
| Corporate Bonds & Notes | 2022 | 2022 |
| Morocco | Morocco | Morocco |
| Corporate Bonds & Notes | 523 | 523 |
| Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 669 | 669 |
| Loan Participations and Assignments | 0 | 200 |
| Oman | Oman | Oman |
| Corporate Bonds & Notes | 301 | 301 |
| Panama | Panama | Panama |
| Corporate Bonds & Notes | 381 | 381 |
| Peru | Peru | Peru |
| Corporate Bonds & Notes | 1934 | 1934 |
| Sovereign Issues | 136 | 136 |
| Philippines | Philippines | Philippines |
| Corporate Bonds & Notes | 602 | 602 |
| Poland | Poland | Poland |
| Corporate Bonds & Notes | 211 | 211 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 398 | 398 |
| Republic of Korea | Republic of Korea | Republic of Korea |
| Corporate Bonds & Notes | 205 | 205 |
| Romania | Romania | Romania |
| Sovereign Issues | 119 | 119 |
| Russia | Russia | Russia |
| Corporate Bonds & Notes | 0 | 48 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 710 | 710 | 0 | 0 |  | 710 |  |
| Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 1090 | 1090 | 0 | 0 |  | 1090 |  |
| South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 598 | 598 | 0 | 0 |  | 598 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 523 | 523 | 0 | 0 |  | 523 |  |
| South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | 0 | 0 | 0 | 194 | 194 | 0 | 0 |  | 194 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 1184 | 1184 | 0 | 0 |  | 1184 |  |
| Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 372 | 372 | 0 | 0 |  | 372 |  |
| Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 200 | 200 | 0 | 0 |  | 200 |  |
| Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 807 | 807 | 0 | 0 |  | 807 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 3 | 3 | 0 | 0 |  | 3 |  |
| Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 207 | 207 | 0 | 0 |  | 207 |  |
| Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 2208 | 2208 | 0 | 0 |  | 2208 |  |
| Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 137 | 137 | 0 | 0 |  | 137 |  |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 2216 | 2216 | 0 | 0 |  | 2216 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 2211 | 2211 | 243 | 243 |  | 2454 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 93 | 93 | 0 | 0 |  | 93 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 3261 | 3261 | 0 | 0 |  | 3261 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 576 | 576 | 0 | 0 |  | 576 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 130 | 130 | 0 | 0 |  | 130 |  |
| Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 625 | 625 | 0 | 0 |  | 625 |  |
| Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 193 | 193 | 3 | 3 |  | 196 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 269 | 269 | 0 | 0 |  | 269 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 534 | 534 | 0 | 0 |  | 534 |  |
|  |  |  |  | $0 | 0 | 0 | $53966 | 53966 | $1671 | 1671 | $ | 55637 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $4701 | 4701 | 4701 | $0 | 0 | $0 | 0 | $ | 4701 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $4701 | 4701 | 4701 | $53966 | 53966 | $1671 | 1671 | $ | 60338 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 15 | 15 | 0 | 0 |  | 15 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 120 | 120 | 1 | 1 |  | 121 |  |
|  |  |  |  | $0 | 0 | 0 | $135 | 135 | $1 | 1 | $ | 136 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | (31) | (31) | 0 | 0 |  | (31) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (193) | (193) | 0 | 0 |  | (193) |  |
|  |  |  |  | $0 | 0 | 0 | $(224) | (224) | $0 | 0 | $ | (224) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | $(89) | (89) | $1 | 1 | $ | (88) |  |
| Totals | Totals | Totals | Totals | $4701 | 4701 | 4701 | $53877 | 53877 | $1672 | 1672 | $ | 60250 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Cayman Islands |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | $0 | $0 | $ | 0 | $0 | $ | 0 | $0 | 0 | $0 | 0 | $300 | $0 |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 54 | 0 |  | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 54 | 0 |
| Loan Participations and Assignments | 216 | 0 |  | 0 | 0 |  | 20 | 0 | 0 | 0 | 0 | 236 | 20 |
| Ivory Coast |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Corporate Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Loan Participations and Assignments | Loan Participations and Assignments |  | 537 | 0 |  |  | 0 | 1 | 0 | 49 | 0 | 0 | 587 |  | 49 |
| Netherlands | Netherlands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | Common Stocks |  | 2 | 1 |  |  | (1) | 0 | 0 | (2) | 0 | 0 | 0 |  | 0 |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 197 | 0 |  |  | 0 | 1 | 0 | 2 | 0 | 0 | 200 |  | 2 |
| Russia | Russia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  | 48 | 0 |  |  | 0 | (2) | 0 | 2 | 0 | 0 | 48 |  | 2 |
| United Kingdom | United Kingdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  | 0 | 232 |  |  | 0 | 0 | 0 | 11 | 0 | 0 | 243 |  | 11 |
| Virgin Islands (British) | Virgin Islands (British) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  | 3 | 0 |  |  | 0 | 1 | 0 | (1) | 0 | 0 | 3 |  | (1) |
|  |  | $1057 | 1057 | 533 | $ | $ | $(1) | $1 | $0 | $81 | $0 | 0 | 1671 | $ | 83 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | $2 | 2 | 0 | $ | $ | $0 | $0 | $0 | $(1) | $0 | 0 | 1 | $ | 0 |
| Totals | Totals | $1059 | 1059 | 533 | $ | $ | $(1) | $1 | $0 | $80 | $0 | 0 | 1672 | $ | 83 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | $300 | 300 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.000  | 100.000  | —  | —  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 54 | 54 | 54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | 6.000  | 6.000  | —  | —  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 236 | 236 | 236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939  | 3.939  | —  | —  |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 587 | 587 | 587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.177  | 6.177  | —  | —  |
| Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 200 | 200 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.436  | 7.436  | —  | —  |
| Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia | Russia |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 48 | 48 | 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | 6.000  | 6.000  | —  | —  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 243 | 243 | 243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.000  | 100.000  | —  | —  |
| Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) | Virgin Islands (British) |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 3 | 3 | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Price | &nbsp;&nbsp;&nbsp;&nbsp; Price | 4.985  | 4.985  | —  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | Over the counter | 1 | 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497  | 0.497  | —  | —  |
| Total | Total | Total | Total | $1672 | 1672 | 1672 |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 91.4% ¤** |  |  |
| **AZERBAIJAN 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **SOCAR Turkey Enerji AS via Steas Funding 1 DAC** <br>7.230% due 03/17/2026 | $700 | $701 |
| **Southern Gas Corridor CJSC** <br>6.875% due 03/24/2026 | 3700 | 3732 |
| Total Azerbaijan (Cost $4,407) |  | 4433 |
| **BRAZIL 18.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Banco do Brasil SA** <br>8.500% due 07/29/2026 | 42000 | 2355 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(h) | 27540 | 2061 |
|  |  | 4416 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.0%**  |  |  |
| **Oi SA**<br>TBD% - 19.000% due 12/30/2050 «~ | $2583 | 26 |
| **SOVEREIGN ISSUES 17.9%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 04/01/2026 (e)  | 668300 | 117975 |
| 0.000% due 07/01/2028 (e)  | 3000 | 403 |
|  |  | 118378 |
| Total Brazil (Cost $125,974) |  | 122820 |
| **CAYMAN ISLANDS 0.6%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | $400 | 400 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (e)  | 139 | 2 |
| 0.000% due 12/31/2027 (e)  | 173 | 1 |
| 0.000% due 12/31/2028 (e)  | 277 | 2 |
| 0.000% due 12/31/2029 (e)  | 277 | 2 |
| 0.000% due 12/31/2030 (e)  | 346 | 1 |
| 0.000% due 12/31/2031 (e)  | 346 | 1 |
| 0.000% due 12/31/2032 (e)  | 654 | 7 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(e)  | 167 | 27 |
| 0.000% due 06/23/2028 «(e)  | 20 | 4 |
|  |  | 47 |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Fish Pond Re Ltd.** <br>7.630% (BRMMUSDF + 4.020%) due 01/08/2027 ~ | 250 | 255 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 29 | 3 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 233 | 5 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 390 | 7 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 470 | 7 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 709 | 12 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 667 | 10 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 159 | 4 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1200 | 1415 |
| **Red Dorsal Finance Ltd.** <br>5.875% due 10/12/2031 | $457 | 454 |
|  |  | 2172 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Ziraat**<br>6.805% - 7.566% (TSFR3M + 3.100%) due 06/15/2034 «~ | 1400 | 1401 |
| Total Cayman Islands (Cost $4,422) |  | 4020 |
| **CHILE 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 1915000 | 2090 |
| 5.000% due 10/01/2028  | 840000 | 940 |
| 5.000% due 03/01/2035  | 730000 | 791 |
| 5.800% due 10/01/2029  | 7735000 | 8811 |
| 5.800% due 10/01/2034  | 25000 | 29 |
| 6.000% due 04/01/2033  | 150000 | 173 |
| Total Chile (Cost $12,142) |  | 12834 |
| **CHINA 0.5%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (c)** | 2034556 | 25 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 3000 | 450 |
| 2.820% due 05/22/2033  | 2000 | 303 |
| **China Government Bonds** <br>2.150% due 08/25/2055 | 8500 | 1183 |
| **China Government International Bonds**  |  |  |
| 3.625% due 11/13/2028  | $1400 | 1412 |
| 3.750% due 11/13/2030  | 300 | 303 |
|  |  | 3651 |
| Total China (Cost $3,624) |  | 3676 |
| **COLOMBIA 5.5%**  |  |  |
| **SOVEREIGN ISSUES 5.5%**  |  |  |
| **Bogota Distrito Capital** <br>13.140% due 11/05/2035 | 13046000 | 3460 |
| **Colombia TES**  |  |  |
| 2.250% due 04/18/2029 (g)  | 9054603 | 2120 |
| 6.500% due 01/22/2031 (g)  | 5099171 | 1345 |
| 7.000% due 06/30/2032  | 1629100 | 322 |
| 11.000% due 08/22/2029  | 42360900 | 10602 |
| 11.500% due 07/25/2046  | 509100 | 120 |
| 11.750% due 01/24/2035  | 60235100 | 14852 |
| 12.750% due 11/28/2040  | 7721600 | 2005 |
| 13.250% due 02/09/2033  | 6684100 | 1793 |
| Total Colombia (Cost $36,855) |  | 36619 |
| **COSTA RICA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 1500 | 1808 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Costa Rica (Cost $1,746) |  | 1808 |
| **CZECH REPUBLIC 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Czech Republic Government Bonds**  |  |  |
| 2.000% due 10/13/2033  | 42000 | 1721 |
| 3.600% due 06/03/2036  | 1900 | 85 |
| 5.000% due 09/30/2030  | 27900 | 1415 |
| Total Czech Republic (Cost $3,036) |  | 3221 |
| **DENMARK 0.0%**  |  |  |
| Total Denmark (Cost $0) |  | 0 |
| **DOMINICAN REPUBLIC 2.8%**  |  |  |
| **SOVEREIGN ISSUES 2.8%**  |  |  |
| **Dominican Republic Central Bank Notes** <br>13.000% due 01/30/2026 | 7080 | 112 |
| **Dominican Republic International Bonds**  |  |  |
| 9.750% due 06/05/2026  | 34 | 1 |
| 10.500% due 03/15/2037  | 754150 | 12862 |
| 10.750% due 06/01/2036  | 269000 | 4645 |
| 11.250% due 09/15/2035  | 26150 | 461 |
| 13.625% due 02/03/2033  | 15250 | 293 |
| Total Dominican Republic (Cost $17,523) |  | 18374 |
| **ECUADOR 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Ecuador Government International Bonds**  |  |  |
| 0.000% due 07/31/2030 (e)  | $90 | 77 |
| 5.000% due 07/31/2040 þ  | 20 | 15 |
| 6.900% due 07/31/2030 þ  | 1250 | 1240 |
| 6.900% due 07/31/2035 þ  | 683 | 604 |
| Total Ecuador (Cost $1,233) |  | 1936 |
| **EGYPT 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 564900 | 11860 |
| **Egypt Government International Bonds** <br>4.750% due 04/16/2026 | 900 | 1060 |
| Total Egypt (Cost $11,798) |  | 12920 |
| **GERMANY 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Deutsche Bank AG** <br>8.010% due 07/18/2034 « | 325000 | 3696 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Stepstone Group MidCo 2 GmbH**<br>6.599% - 7.723% (EUR006M + 4.500%) due 04/26/2032 ~ | 1900 | 2116 |
| Total Germany (Cost $5,789) |  | 5812 |
| **GHANA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Republic of Ghana Government Bonds**  |  |  |
| 8.650% due 02/13/2029  | 3499 | 281 |
| 8.800% due 02/12/2030  | 6520 | 502 |
| 8.950% due 02/11/2031  | 9693 | 720 |
| Total Ghana (Cost $1,067) |  | 1503 |
| **HUNGARY 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Hungary Government Bonds**  |  |  |
| 2.250% due 04/20/2033  | 118100 | 272 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 4.500% due 05/27/2032  | 117100 | 321 |
| 4.750% due 11/24/2032  | 127400 | 351 |
| 7.000% due 10/24/2035  | 298700 | 927 |
| Total Hungary (Cost $1,747) |  | 1871 |
| **INDONESIA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Indonesia Treasury Bonds** <br>6.750% due 07/15/2035 | 5063000 | 320 |
| Total Indonesia (Cost $317) |  | 320 |
| **IRELAND 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | $633 | 598 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.5%**  |  |  |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 2600 | 3062 |
| Total Ireland (Cost $3,400) |  | 3660 |
| **IVORY COAST 0.6%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.5%**  |  |  |
| **Republic of Cote d'Ivoire**<br>5.153% - 9.488% (EUR006M + 3.050%) due 03/09/2026 «~ | 2700 | 3168 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 497 | 567 |
| 5.250% due 03/22/2030  | 100 | 118 |
|  |  | 685 |
| Total Ivory Coast (Cost $3,446) |  | 3853 |
| **KAZAKHSTAN 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Development Bank of Kazakhstan JSC**  |  |  |
| 10.950% due 05/06/2026  | 244000 | 472 |
| 13.489% due 05/23/2028  | 190000 | 354 |
| 18.400% due 10/16/2028  | 1700500 | 3484 |
| Total Kazakhstan (Cost $4,019) |  | 4310 |
| **KUWAIT 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Kuwait International Government Bonds** <br>4.016% due 10/09/2028 | $6900 | 6918 |
| Total Kuwait (Cost $6,900) |  | 6918 |
| **MALAYSIA 10.8%**  |  |  |
| **SOVEREIGN ISSUES 10.8%**  |  |  |
| **Malaysia Government Investment Issue**  |  |  |
| 3.422% due 09/30/2027  | 76040 | 18875 |
| 4.070% due 09/30/2026  | 212580 | 52847 |
| Total Malaysia (Cost $69,214) |  | 71722 |
| **MEXICO 5.5%**  |  |  |
| **SOVEREIGN ISSUES 5.5%**  |  |  |
| **Mexico Bonos**  |  |  |
| 7.500% due 05/26/2033  | 58000 | 2998 |
| 8.500% due 03/02/2028  | 293300 | 16483 |
| 8.500% due 03/01/2029  | 200000 | 11215 |
| 8.500% due 02/28/2030  | 98000 | 5461 |
| **Mexico Udibonos** <br>3.000% due 12/03/2026 (g) | 260 | 14 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| Total Mexico (Cost $32,954) |  | 36171 |
| **NETHERLANDS 0.2%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **VEON Amsterdam BV**<br>8.206% (TSFR3M + 4.250%) due 03/25/2027 «~ | $1400 | 1400 |
| Total Netherlands (Cost $1,387) |  | 1400 |
| **PARAGUAY 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Paraguay Government International Bonds**  |  |  |
| 7.900% due 02/09/2031  | 12048000 | 1748 |
| 8.500% due 03/04/2035  | 15518000 | 2254 |
| Total Paraguay (Cost $3,603) |  | 4002 |
| **PERU 3.8%**  |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 5800 | 1829 |
| 10.100% due 12/15/2043  | 17500 | 5662 |
|  |  | 7491 |
| **SOVEREIGN ISSUES 2.7%**  |  |  |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 9100 | 3090 |
| **Peru Government International Bonds**  |  |  |
| 6.150% due 08/12/2032  | 17800 | 5715 |
| 6.950% due 08/12/2031  | 28180 | 9321 |
|  |  | 18126 |
| Total Peru (Cost $22,322) |  | 25617 |
| **PHILIPPINES 3.5%**  |  |  |
| **SOVEREIGN ISSUES 3.5%**  |  |  |
| **Philippines Government Bonds**  |  |  |
| 6.250% due 02/28/2029  | 1250460 | 21724 |
| 6.500% due 05/19/2029  | 54490 | 954 |
| **Philippines Government International Bonds** <br>6.250% due 01/14/2036 | 40000 | 676 |
| Total Philippines (Cost $23,370) |  | 23354 |
| **POLAND 3.8%**  |  |  |
| **SOVEREIGN ISSUES 3.8%**  |  |  |
| **Republic of Poland Government Bonds**  |  |  |
| 2.750% due 10/25/2029  | 13100 | 3460 |
| 4.500% due 07/25/2030  | 20400 | 5706 |
| 4.750% due 07/25/2029  | 29600 | 8390 |
| 5.000% due 10/25/2034  | 6950 | 1932 |
| 5.000% due 10/25/2035  | 9650 | 2657 |
| 6.000% due 10/25/2033  | 10800 | 3217 |
| Total Poland (Cost $23,451) |  | 25362 |
| **QATAR 1.1%**  |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **QatarEnergy** <br>1.375% due 09/12/2026 | $7600 | 7458 |
| Total Qatar (Cost $7,451) |  | 7458 |
| **ROMANIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Romania Government Bonds**  |  |  |
| 4.250% due 04/28/2036  | 2600 | 493 |
| 4.750% due 10/11/2034  | 200 | 40 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| Total Romania (Cost $449) |  | 533 |
| **SERBIA 0.5%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Tesler**<br>7.897% (EUR003M + 5.850%) due 05/21/2028 «~ | 1000 | 1162 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Serbia Treasury Bonds** <br>5.250% due 07/27/2035 | 185500 | 1877 |
| Total Serbia (Cost $2,816) |  | 3039 |
| **SOUTH AFRICA 6.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.9%**  |  |  |
| **Eskom Holdings** <br>7.500% due 09/15/2033 | 90000 | 5083 |
| **Transnet**  |  |  |
| 10.000% due 03/30/2029  | 15000 | 900 |
| 13.500% due 04/18/2028  | 400 | 26 |
|  |  | 6009 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Transnet SOC Ltd.**<br>11.125% due 03/02/2028 «~ | 18500 | 1120 |
| **SOVEREIGN ISSUES 5.8%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 55400 | 2860 |
| 7.000% due 02/28/2031  | 423000 | 24990 |
| 8.000% due 01/31/2030  | 61900 | 3823 |
| 8.250% due 03/31/2032  | 8700 | 539 |
| 8.500% due 01/31/2037  | 20500 | 1231 |
| 8.875% due 02/28/2035  | 69900 | 4405 |
| **Republic of South Africa Government International Bonds** <br>7.250% due 12/11/2055 | $500 | 496 |
|  |  | 38344 |
| Total South Africa (Cost $38,409) |  | 45473 |
| **SUPRANATIONAL 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Banque Ouest Africaine de Developpement** <br>6.250% due 10/14/2040 | 1200 | 1382 |
| **European Investment Bank** <br>2.875% due 11/15/2029 | 18800 | 4988 |
| Total Supranational (Cost $5,766) |  | 6370 |
| **THAILAND 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Thailand Government Bonds** <br>2.980% due 06/17/2045 | 48700 | 1720 |
| Total Thailand (Cost $1,652) |  | 1720 |
| **TURKEY 2.3%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.6%**  |  |  |
| **SOCAR Turkey Enerji AS**<br>5.535% - 9.360% (EUR006M + 3.450%) due 08/11/2026 «~ | 2500 | 2946 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.100% - 9.488% (EUR003M + 3.000%) due 12/15/2028 «~ | 1000 | 1181 |
|  |  | 4127 |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **Turkiye Government Bonds**  |  |  |
| 27.700% due 09/27/2034  | 21500 | 509 |
| 34.100% due 07/10/2030  | 67500 | 1685 |
| 36.000% due 08/12/2026  | 184400 | 4321 |
| 39.431% (BISTREFI + 0.000%) due 05/20/2026 ~  | 5900 | 138 |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 5300 | 125 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 190000 | 4423 |
|  |  | 11201 |
| Total Turkey (Cost $16,878) |  | 15328 |
| **UGANDA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Republic of Uganda Government Bonds**  |  |  |
| 15.000% due 06/18/2043  | 594400 | 140 |
| 15.800% due 06/23/2039  | 847900 | 214 |
| Total Uganda (Cost $353) |  | 354 |
| **UKRAINE 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2034 þ(f)  | $365 | 174 |
| 0.000% due 02/01/2035 þ(f)  | 308 | 176 |
| 4.000% due 02/01/2032 þ  | 54 | 41 |
| 4.500% due 02/01/2029 þ  | 187 | 141 |
| 4.500% due 02/01/2036 þ  | 564 | 332 |
| Total Ukraine (Cost $706) |  | 864 |
| **UNITED KINGDOM 2.0%**  |  |  |
| **CORPORATE BONDS & NOTES 1.6%**  |  |  |
| **ICBC Standard Bank PLC**  |  |  |
| 20.000% due 09/18/2029 «  | 48493000 | 4081 |
| 20.000% due 12/13/2029 «  | 14618000 | 1216 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | $6700 | 5174 |
|  |  | 10471 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.4%**  |  |  |
| **Canada Square Funding 6 PLC** <br>4.785% due 01/17/2059 •  | 344 | 465 |
| **Rochester Financing No. 3 PLC** <br>4.473% due 12/18/2044 •  | 268 | 361 |
| **Tower Bridge Funding PLC** <br>4.482% due 12/20/2063 •  | 71 | 96 |
| **Warwick Finance Residential Mortgages Number Three PLC** <br>0.000% due 12/21/2049 | 0 | 1474 |
|  |  | 2396 |
| Total United Kingdom (Cost $11,942) |  | 12867 |
| **UNITED STATES 4.8%**  |  |  |
| **ASSET-BACKED SECURITIES 0.7%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>3.906% due 07/25/2045 •  | $63 | 45 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.036% due 11/25/2037 •  | 861 | 830 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>4.226% due 07/25/2037 •  | 20 | 13 |
| **Fremont Home Loan Trust** <br>4.146% due 10/25/2036 •  | 2711 | 1087 |
| **GE-WMC Mortgage Securities Trust** <br>3.926% due 08/25/2036 •  | 21 | 9 |
| **GSAMP Trust** <br>3.916% due 12/25/2036 •  | 73 | 36 |
| **HSI Asset Loan Obligation Trust** <br>3.966% due 12/25/2036 •  | 31 | 9 |
| **JP Morgan Mortgage Acquisition Corp.** <br>4.356% due 02/25/2036 •  | 170 | 169 |
| **MASTR Asset-Backed Securities Trust** <br>3.946% due 01/25/2037 •  | 162 | 46 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.611% due 01/25/2035 •  | 185 | 182 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.488% due 11/25/2036 þ | 1030 | 219 |
| **OneMain Financial Issuance Trust** <br>4.130% due 05/14/2035 | 825 | 824 |
| **Residential Asset Securities Corporation Trust** <br>4.806% due 08/25/2035 •  | 74 | 74 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>3.966% due 12/25/2036 •  | 232 | 49 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **WaMu Asset-Backed Certificates WaMu Trust** <br>4.086% due 05/25/2037 •  | 1215 | 1098 |
|  |  | 4690 |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 (l) | 7170 | 7582 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.5%**  |  |  |
| **Ecopetrol SA**<br>TBD% due 04/12/2029 «µ | 10000 | 10040 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.7%**  |  |  |
| **Banc of America Mortgage Trust** <br>5.822% due 07/25/2034 ~ | 20 | 20 |
| **CHL Mortgage Pass-Through Trust** <br>4.386% due 04/25/2046 •  | 369 | 106 |
| **CitiMortgage Alternative Loan Trust** <br>4.496% due 10/25/2036 •  | 599 | 474 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.126% due 04/25/2047 •  | 795 | 728 |
| 4.196% due 05/25/2036 •  | 1165 | 430 |
| 4.406% due 12/25/2035 •  | 29 | 27 |
| 4.620% due 10/25/2035 ~  | 6 | 5 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 01/25/2036 •  | 123 | 100 |
| **HarborView Mortgage Loan Trust** <br>6.029% due 10/19/2035 •  | 224 | 105 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.486% due 07/25/2045 •  | 132 | 101 |
| **Mill City Mortgage Loan Trust** <br>2.750% due 07/25/2059 ~ | 91 | 89 |
| **Mortgage Equity Conversion Asset Trust** <br>4.020% due 05/25/2042 •  | 233 | 217 |
| **New York Mortgage Trust** <br>4.386% due 04/25/2035 •  | 931 | 913 |
| **Structured Asset Mortgage Investments II Trust** <br>4.246% due 04/19/2035 •  | 285 | 278 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>6.000% due 10/25/2036 | 4 | 4 |
| **Tib Finance PLC** <br>7.111% due 11/15/2034 «(j) | 800 | 804 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.216% due 05/25/2034 •  | 122 | 114 |
| 4.953% due 03/25/2037 ~  | 41 | 37 |
|  |  | 4552 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Colombia TES** <br>1.000% due 01/24/2035 | 11370900 | 2800 |
| **U.S. GOVERNMENT AGENCIES 0.3%**  |  |  |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>4.269% due 09/25/2031 •  | $16 | 16 |
| **Federal National Mortgage Association REMICS**<br>4.924% due 01/25/2055 •  | 2126 | 2132 |
|  |  | 2148 |
| **U.S. TREASURY OBLIGATIONS 0.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (o) | 232 | 234 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (o) | 360 | 363 |
|  |  | 597 |
|  | SHARES |  |
| **WARRANTS 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 (j)** | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total United States (Cost $34,087) |  | 32409 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **UZBEKISTAN 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Uzbek Industrial & Construction Bank ATB**  |  |  |
| 8.950% due 07/24/2029  | 500 | 538 |
| 21.000% due 07/24/2027  | 15540000 | 1384 |
|  |  | 1922 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Republic of Uzbekistan International Bonds** <br>16.625% due 05/29/2027 | 4110000 | 360 |
| Total Uzbekistan (Cost $2,056) |  | 2282 |
| **VENEZUELA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Venezuela Government International Bonds** <br>9.250% due 09/15/2027 ^(b) | $1700 | 567 |
| Total Venezuela (Cost $254) |  | 567 |
| **ZAMBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Zambia Government Bonds**  |  |  |
| 12.000% due 05/03/2028  | 850 | 36 |
| 22.000% due 01/22/2029  | 900 | 47 |
| 23.000% due 01/22/2031  | 9300 | 518 |
| Total Zambia (Cost $422) |  | 601 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 5.6%**  |  |  |
| **MUTUAL FUNDS 0.3%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (i) | 1811392 | 1811 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (k) 0.6%** |  | 3900 |
| **NIGERIA TREASURY BILLS 2.4%**  |  |  |
| 29.849% due 02/17/2026 - 06/29/2026 (d)(e) | 25351901 | 16169 |
| **SOUTH AFRICA TREASURY BILLS 1.5%**  |  |  |
| 7.492% due 06/17/2026 - 10/07/2026 (d)(e) | 172800 | 10130 |
| **U.S. TREASURY BILLS 0.8%**  |  |  |
| 3.803% due 01/08/2026 - 04/28/2026 (d)(e)(o) | $5119 | 5091 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $35,521) |  | 37101 |
| Total Investments in Securities (Cost $584,508) |  | 605502 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 8.8%**  |  |  |
| **SHORT-TERM INSTRUMENTS 8.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 8.8%**  |  |  |
| **PIMCO Short Asset Portfolio** | 5806157 | 56999 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 164247 | 1600 |
| Total Short-Term Instruments (Cost $58,848) |  | 58599 |
| Total Investments in Affiliates (Cost $58,848) |  | 58599 |
| Total Investments 100.2% (Cost $643,356) |  | $664101 |
| **Financial Derivative Instruments (m)(n) (0.3)**%(Cost or Premiums, net $(206)) |  | (2010) |
| Other Assets and Liabilities, net (0.1)% |  | 972 |
| Net Assets 100.0% |  | $663063 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 27 | 53 | 131 | 144 | 166 | 194 | 208 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(h)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(i)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(j)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | 06/10/2022 | 0 | 0 | 0 | 0.00 |
| Tib Finance PLC7.111% due 11/15/2034 | Tib Finance PLC7.111% due 11/15/2034 | Tib Finance PLC7.111% due 11/15/2034 | 09/18/2024 | 800 | 800 | 804 | 0.12 |
|  |  |  | $ | 800 | $ | 804 | 0.12%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(k)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/02/2026 | $3900 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (3971) | 3900 | $3901 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(3971)** | **3900** | $**3901** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| RDR | RDR | 4.000%  | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | (3496) | (3500) | (3500) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  | **(3500)** | **(3500)** |
| **(l)** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,648 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(399) at a weighted average interest rate of 4.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 17 | 19 | 26 | 28 | 40 | 41 | 44 | 61 | 63 | 70 | 73 | 99 | 130 | 145 | 151 | 160 | 173 | 182 | 192 | 209 |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 4 | 4 | 600 | $(9) | (9) | (9) | (9) | 0 | 0 | 0 | (1) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 7 | 7 | 787 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8) | (8) | (8) | $ | 0 | 0 | $ | (3) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 12 | 12 | (1387) | $7 | 7 | 7 | 7 | 3 | 3 | 3 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 12 | 12 | (1380) | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10 | 10 | 10 | $ | 5 | 5 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **2** | **2** | **2** | **$** | **5** | **5** | **$** | **(3)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Boeing Co.  | 1.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.217 | 0.217 | 0.217 | % | % | $ | $100 | 1 | (1) | $ | 0 | 0 | 0 | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | (1.000)% | (1.000)% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | $ | $ | $25300 | 25300 | (537) | (38) | $ | (575) | (575) | (575) | 0 | 0 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 39300 | 39300 | (867) | (35) |  | (902) | (902) | (902) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (1404) | (73) | $ | (1477) | (1477) | (1477) | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | $ | $ | $900 | 900 | (15) | 6 | $ | (9) | (9) | (9) | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | Annual | Annual | 09/17/2027 | 09/17/2027 | 09/17/2027 | GBP | GBP | 29000 | $(10) | (42) | (42) | $(52) | (52) | (52) | $3 | 3 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 09/17/2035 | 09/17/2035 | 09/17/2035 |  |  | 6000 | (1) | (14) | (14) | (15) | (15) | (15) | 0 | 0 | (8) |
| Pay<sup>(6)</sup> | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.500 | 5.500 | Semi-Annual | Semi-Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 | INR | INR | 1517548 | (36) | 3 | 3 | (33) | (33) | (33) | 1 | 1 | 0 |
| Receive<sup>(6)</sup> | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.750 | 5.750 | Semi-Annual | Semi-Annual | 03/18/2031 | 03/18/2031 | 03/18/2031 |  |  | 835640 | 14 | 59 | 59 | 73 | 73 | 73 | 0 | 0 | (4) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 12/17/2027 | 12/17/2027 | 12/17/2027 | JPY | JPY | 5330000 | 2 | 84 | 84 | 86 | 86 | 86 | 17 | 17 | 0 |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 |  |  | 3870000 | 110 | 8 | 8 | 118 | 118 | 118 | 16 | 16 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 71 | 99 | 124 | 151 | 182 | 209 |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.227 | Semi-Annual | 11/26/2026 | 6140 | 0 | 3 | 3 | 0 | (2) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.228 | Semi-Annual | 11/26/2026 | 4750 | 0 | 3 | 3 | 0 | (1) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.230 | Semi-Annual | 11/26/2026 | 4110 | 0 | 2 | 2 | 0 | (1) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.234 | Semi-Annual | 11/26/2026 | 4130 | 0 | 2 | 2 | 0 | (1) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.403 | Semi-Annual | 12/30/2026 | 51330 | (2) | (28) | (30) | 0 | (16) |
| Pay<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 2.000 | Semi-Annual | 03/18/2031 | 14300 | (21) | 43 | 22 | 32 | 0 |
| Receive<sup>(6)</sup> | 1-Day THB-THOR Compounded-OIS | 1.500 | Quarterly | 03/18/2031 | 376930 | (87) | (64) | (151) | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | $24100 | 232 | (87) | 145 | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 11800 | (29) | 111 | 82 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2028 | 7100 | (43) | 12 | (31) | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 12700 | (5) | (158) | (163) | 0 | (19) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 18300 | 170 | 58 | 228 | 0 | (29) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 34700 | (828) | 402 | (426) | 54 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 29500 | 557 | (170) | 387 | 0 | (48) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 4200 | 90 | (133) | (43) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 3420 | 220 | (179) | 41 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 400 | (2) | 2 | 0 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 600 | (3) | 0 | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 400 | (2) | 4 | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 300 | (1) | 3 | 2 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2034 | 4800 | (312) | 125 | (187) | 0 | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 06/05/2034 | 800 | (3) | (19) | (22) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 1900 | 76 | (4) | 72 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 8200 | 312 | (320) | (8) | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.994 | Annual | 07/02/2034 | 700 | (2) | (12) | (14) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 800 | (3) | (17) | (20) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 | 1200 | (4) | (10) | (14) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 6100 | (77) | 67 | (10) | 14 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 12700 | 237 | (224) | 13 | 0 | (30) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 1200 | (79) | 22 | (57) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 3000 | 218 | (75) | 143 | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 6800 | (61) | 39 | (22) | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 1300 | (11) | 16 | 5 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2036 | 800 | 14 | (7) | 7 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 1700 | 52 | 46 | 98 | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 | 200 | (1) | (9) | (10) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 500 | 62 | 16 | 78 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.086 | Annual | 01/13/2055 | 1600 | 2 | 24 | 26 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 8100 | 272 | 313 | 585 | 26 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 63 | 71 | 99 | 151 | 182 | 209 |
| Pay | 1-Year BRL-CDI | 9.808 | Maturity | 01/02/2026 | BRL | 51600 | 0 | (486) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.164 | Maturity | 01/02/2026 |  | 3390 | 0 | 34 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.529 | Maturity | 01/02/2026 |  | 37800 | 0 | 285 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 6.151 | Maturity | 01/04/2027 |  | 2720 | (28) | (132) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 9.783 | Maturity | 01/04/2027 |  | 49800 | 0 | 719 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.795 | Maturity | 01/04/2027 |  | 21200 | 0 | (302) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.815 | Maturity | 01/04/2027 |  | 13500 | 0 | (187) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.832 | Maturity | 01/04/2027 |  | 12300 | 0 | (169) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 9.840 | Maturity | 01/04/2027 |  | 25500 | 0 | 356 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.840 | Maturity | 01/04/2027 |  | 16600 | 0 | (233) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.225 | Maturity | 01/04/2027 |  | 8700 | 0 | (104) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.235 | Maturity | 01/04/2027 |  | 8700 | 0 | (104) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.565 | Maturity | 01/04/2027 |  | 11300 | 0 | (118) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.602 | Maturity | 01/04/2027 |  | 36500 | 0 | (461) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.671 | Maturity | 01/04/2027 |  | 21000 | 0 | 211 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.768 | Maturity | 01/04/2027 |  | 10900 | 0 | 110 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.872 | Maturity | 01/04/2027 |  | 17800 | 0 | 171 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.943 | Maturity | 01/04/2027 |  | 18700 | 0 | 167 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.980 | Maturity | 01/04/2027 |  | 17600 | 0 | (154) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.064 | Maturity | 01/04/2027 |  | 16600 | 0 | (145) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.133 | Maturity | 01/04/2027 |  | 21600 | 0 | 178 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.513 | Maturity | 01/04/2027 |  | 13800 | 0 | 97 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.560 | Maturity | 01/04/2027 |  | 11400 | 0 | 78 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.736 | Maturity | 01/04/2027 |  | 59000 | 0 | 350 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.033 | Maturity | 01/04/2027 |  | 64500 | 139 | (318) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 114700 | 0 | (96) | 0 | (18) |
| Receive | 1-Year BRL-CDI | 14.020 | Maturity | 01/04/2027 |  | 44500 | 0 | 19 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 14.350 | Maturity | 01/04/2027 |  | 97700 | 0 | (34) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.575 | Maturity | 01/03/2028 |  | 7200 | 0 | 53 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.590 | Maturity | 01/03/2028 |  | 7200 | 0 | 53 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.695 | Maturity | 01/03/2028 |  | 13700 | 0 | (93) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.044 | Maturity | 01/02/2029 |  | 19400 | (41) | (343) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.490 | Maturity | 01/02/2029 |  | 22000 | 0 | (197) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.523 | Maturity | 01/02/2029 |  | 34800 | 0 | (300) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.655 | Maturity | 01/02/2029 |  | 11400 | 7 | 90 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.928 | Maturity | 01/02/2029 |  | 19500 | (10) | 122 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.255 | Maturity | 01/02/2029 |  | 9200 | 0 | 48 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.569 | Maturity | 01/02/2029 |  | 7700 | 0 | 18 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.716 | Maturity | 01/02/2029 |  | 39100 | 0 | (67) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.750 | Maturity | 01/02/2029 |  | 15200 | 0 | (24) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.760 | Maturity | 01/02/2029 |  | 30900 | 0 | 82 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.808 | Maturity | 01/02/2029 |  | 36600 | 0 | 50 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.905 | Maturity | 01/02/2029 |  | 3800 | 0 | (5) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 13.055 | Maturity | 01/02/2029 |  | 40800 | 0 | (43) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.056 | Maturity | 01/02/2029 |  | 48300 | 0 | (44) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.060 | Maturity | 01/02/2029 |  | 51900 | 0 | 32 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.270 | Maturity | 01/02/2029 |  | 15100 | 0 | 7 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.289 | Maturity | 01/02/2029 |  | 82800 | 0 | (44) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 34300 | 0 | (32) | 0 | (12) |
| Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 3700 | 0 | (3) | 0 | (1) |
| Receive | 1-Year BRL-CDI | 13.335 | Maturity | 01/02/2029 |  | 17800 | 0 | 4 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.357 | Maturity | 01/02/2029 |  | 44500 | 0 | (17) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.405 | Maturity | 01/02/2029 |  | 37800 | 0 | 0 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.425 | Maturity | 01/02/2029 |  | 11100 | 0 | 1 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.430 | Maturity | 01/02/2029 |  | 21700 | 0 | 3 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.518 | Maturity | 01/02/2029 |  | 16400 | 0 | (6) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.545 | Maturity | 01/02/2029 |  | 16200 | 0 | (8) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.589 | Maturity | 01/02/2029 |  | 41900 | 0 | (30) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.680 | Maturity | 01/02/2029 |  | 53800 | 0 | 60 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.844 | Maturity | 01/02/2029 |  | 9500 | 0 | (16) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.923 | Maturity | 01/02/2029 |  | 16500 | 0 | (33) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.998 | Maturity | 01/02/2029 |  | 29600 | 0 | 69 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 14.026 | Maturity | 01/02/2029 |  | 11600 | 0 | (28) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 14.087 | Maturity | 01/02/2029 |  | 13400 | 0 | (43) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 14.185 | Maturity | 01/02/2029 |  | 27200 | 0 | 87 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 14.213 | Maturity | 01/02/2029 |  | 14700 | 0 | 49 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 14.245 | Maturity | 01/02/2029 |  | 100 | 0 | 0 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 14.570 | Maturity | 01/02/2029 |  | 11100 | 0 | 53 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 15.036 | Maturity | 01/02/2029 |  | 15800 | 0 | 109 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.867 | Maturity | 01/02/2031 |  | 28400 | 0 | (109) | 0 | (50) |
| Pay | 1-Year BRL-CDI | 13.575 | Maturity | 01/02/2031 |  | 3100 | 0 | 2 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.580 | Maturity | 01/02/2031 |  | 3000 | 0 | 2 | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 06/18/2030 | CNY | 51360 | 23 | 20 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.500 | Quarterly | 04/09/2026 | COP | 1568000 | 0 | 1 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.515 | Quarterly | 04/09/2026 |  | 750730 | 0 | 1 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.620 | Quarterly | 04/10/2026 |  | 2714600 | 0 | 2 | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.470 | Quarterly | 06/21/2026 |  | 6139610 | 0 | (10) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.342 | Quarterly | 09/17/2027 |  | 13980000 | 0 | (143) | 0 | (2) |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 71 | 99 | 124 | 151 | 182 | 209 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.565 | Quarterly | 12/30/2027 | 5366000 | 0 | 59 | 59 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.900 | Quarterly | 04/28/2028 | 1954400 | 0 | 32 | 32 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.970 | Quarterly | 04/28/2028 | 10167400 | 0 | 165 | 165 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.150 | Quarterly | 04/28/2028 | 12425000 | 0 | 188 | 188 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.820 | Quarterly | 06/05/2028 | 5639500 | (42) | 108 | 66 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.410 | Quarterly | 08/09/2028 | 8215400 | 0 | 174 | 174 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.960 | Quarterly | 09/01/2028 | 13156900 | 75 | 160 | 235 | 0 | (2) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.215 | Quarterly | 11/14/2028 | 9635600 | 35 | (202) | (167) | 2 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.530 | Quarterly | 01/02/2029 | 3858500 | (15) | (74) | (89) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.190 | Quarterly | 06/13/2029 | 13489500 | 0 | (268) | (268) | 4 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.770 | Quarterly | 07/18/2029 | 27700600 | 0 | (663) | (663) | 10 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.933 | Quarterly | 08/22/2029 | 14468300 | 0 | 214 | 214 | 0 | (4) |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.400 | Quarterly | 09/09/2029 | 13247000 | 0 | (362) | (362) | 5 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.805 | Quarterly | 10/22/2029 | 17490700 | (77) | (359) | (436) | 7 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.400 | Quarterly | 03/19/2030 | 4977260 | (1) | (104) | (105) | 2 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.430 | Quarterly | 05/15/2030 | 2431900 | 0 | 52 | 52 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.498 | Quarterly | 05/16/2030 | 14012000 | 0 | 293 | 293 | 0 | (6) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.725 | Quarterly | 06/10/2030 | 1311000 | 0 | (25) | (25) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.770 | Quarterly | 06/10/2030 | 3936000 | 0 | (73) | (73) | 2 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.790 | Quarterly | 06/10/2030 | 2624000 | 0 | (48) | (48) | 1 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.350 | Quarterly | 06/18/2030 | 7843600 | 6 | 171 | 177 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.800 | Quarterly | 06/18/2030 | 9290000 | 1 | 169 | 170 | 0 | (4) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.598 | Quarterly | 09/17/2030 | 1720000 | 0 | (36) | (36) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.630 | Quarterly | 09/17/2030 | 3765300 | 0 | (78) | (78) | 2 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.650 | Quarterly | 09/17/2030 | 3133000 | 0 | 64 | 64 | 0 | (1) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.710 | Quarterly | 09/17/2030 | 12062100 | 0 | (240) | (240) | 6 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.755 | Quarterly | 09/17/2030 | 2508000 | 0 | (49) | (49) | 1 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.715 | Quarterly | 09/18/2030 | 6926100 | 0 | 204 | 204 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.020 | Quarterly | 12/04/2030 | 4283300 | 0 | 118 | 118 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.980 | Quarterly | 12/17/2030 | 22575700 | 0 | 405 | 405 | 0 | (10) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.300 | Quarterly | 12/17/2030 | 4033000 | 0 | (60) | (60) | 2 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 4.040 | Quarterly | 01/13/2031 | 1806700 | 0 | 127 | 127 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.705 | Quarterly | 03/26/2031 | 9224540 | 0 | 294 | 294 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.410 | Quarterly | 03/26/2031 | 5352000 | 0 | 76 | 76 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.540 | Quarterly | 08/09/2031 | 8000000 | 0 | 287 | 287 | 0 | (3) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.580 | Quarterly | 08/09/2031 | 8020000 | 0 | 285 | 285 | 0 | (3) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.650 | Quarterly | 08/12/2031 | 1950700 | 0 | 68 | 68 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.520 | Quarterly | 08/13/2031 | 2414800 | 0 | 87 | 87 | 0 | (1) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.690 | Quarterly | 12/26/2031 | 4861000 | 0 | (118) | (118) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.045 | Quarterly | 12/30/2031 | 1787200 | 0 | (36) | (36) | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.800 | Quarterly | 06/30/2032 | 806250 | 0 | 29 | 29 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.407 | Quarterly | 03/21/2033 | 3613140 | 0 | 67 | 67 | 0 | 0 |

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------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 63 | 71 | 99 | 124 | 151 | 182 | 209 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.990 | Quarterly | 11/25/2034 |  | 6032900 | 16 | 242 | 258 | 0 | (3) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.655 | Quarterly | 01/24/2035 |  | 2688000 | 0 | (49) | (49) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.820 | Quarterly | 01/24/2035 |  | 6290800 | 0 | (99) | (99) | 1 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.525 | Quarterly | 06/18/2035 |  | 3410000 | 1 | 71 | 72 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.329 | Quarterly | 12/17/2035 |  | 30024400 | 0 | 745 | 745 | 0 | (6) |
| Pay | 3-Month ILS-TELBOR | 3.950 | Annual | 10/13/2035 | ILS | 2000 | 5 | (2) | 3 | 1 | 0 |
| Receive | 3-Month ILS-TELBOR | 4.135 | Annual | 12/05/2035 |  | 2100 | (9) | (5) | (14) | 0 | (1) |
| Pay | 3-Month KRW-KORIBOR | 2.578 | Quarterly | 11/04/2026 | KRW | 14188020 | 0 | (13) | (13) | 0 | 0 |
| Receive | 3-Month KRW-KORIBOR | 2.783 | Quarterly | 11/17/2026 |  | 14077800 | 0 | (4) | (4) | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.680 | Annual | 04/25/2029 | PLN | 17800 | 0 | 279 | 279 | 5 | 0 |
| Receive | 3-Month PLN-WIBOR | 5.000 | Annual | 04/25/2029 |  | 1800 | 0 | (34) | (34) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.820 | Annual | 07/25/2029 |  | 11800 | 0 | (127) | (127) | 0 | (3) |
| Receive | 3-Month PLN-WIBOR | 4.930 | Annual | 07/25/2029 |  | 3800 | 0 | (45) | (45) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 5.010 | Annual | 07/25/2029 |  | 1700 | 0 | (22) | (22) | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.794 | Annual | 10/25/2029 |  | 11800 | 0 | (132) | (132) | 0 | (3) |
| Pay | 3-Month PLN-WIBOR | 4.855 | Annual | 02/10/2030 |  | 13900 | 13 | 252 | 265 | 4 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.015 | Annual | 04/17/2030 |  | 4000 | 0 | (35) | (35) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.019 | Annual | 04/18/2030 |  | 3900 | 0 | (34) | (34) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.048 | Annual | 04/18/2030 |  | 2000 | 0 | (18) | (18) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.049 | Annual | 04/18/2030 |  | 2800 | 0 | (26) | (26) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.065 | Annual | 04/18/2030 |  | 1900 | 0 | (18) | (18) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 3.962 | Annual | 05/06/2030 |  | 23100 | 65 | (253) | (188) | 0 | (7) |
| Receive | 3-Month PLN-WIBOR | 4.195 | Annual | 09/29/2030 |  | 2200 | 0 | (11) | (11) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.065 | Annual | 11/24/2030 |  | 7550 | (18) | (11) | (29) | 0 | (3) |
| Receive | 3-Month PLN-WIBOR | 5.060 | Annual | 04/25/2032 |  | 13870 | (193) | (165) | (358) | 0 | (6) |
| Pay | 3-Month PLN-WIBOR | 5.055 | Annual | 10/25/2033 |  | 3100 | 0 | 62 | 62 | 2 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.393 | Annual | 10/16/2035 |  | 7830 | 1 | (40) | (39) | 0 | (4) |
| Pay | 3-Month PLN-WIBOR | 4.356 | Annual | 10/17/2035 |  | 1920 | 0 | 8 | 8 | 1 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.353 | Annual | 10/23/2035 |  | 1000 | 0 | 4 | 4 | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.434 | Annual | 11/03/2035 |  | 1600 | 0 | (9) | (9) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.355 | Annual | 11/04/2035 |  | 1600 | 0 | 7 | 7 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.430 | Annual | 11/10/2035 |  | 2000 | 0 | (12) | (12) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.370 | Annual | 11/25/2035 |  | 400 | 0 | 2 | 2 | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.303 | Annual | 11/26/2035 |  | 1200 | 0 | 4 | 4 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.475 | Annual | 11/26/2035 |  | 4200 | (16) | (13) | (29) | 0 | (2) |
| Pay | 3-Month PLN-WIBOR | 4.235 | Annual | 11/27/2035 |  | 700 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 |  | 15270 | 0 | (5) | (5) | 0 | (1) |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 2900 | 0 | 0 | 0 | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.340 | Annual | 12/12/2035 |  | 3500 | 0 | (14) | (14) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.285 | Annual | 12/19/2035 |  | 400 | 0 | 1 | 1 | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.445 | Annual | 12/22/2035 |  | 850 | (3) | (2) | (5) | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.730 | Annual | 12/31/2035 |  | 3400 | 0 | (1) | (1) | 0 | 0 |
| Receive | 3-Month SEK-STIBOR | 2.021 | Annual | 10/07/2029 | SEK | 57400 | (2) | 91 | 89 | 0 | (7) |
| Pay | 3-Month SEK-STIBOR | 2.298 | Annual | 10/07/2029 |  | 57100 | 0 | (22) | (22) | 7 | 0 |
| Receive | 3-Month ZAR-JIBAR | 6.855 | Quarterly | 02/11/2026 | ZAR | 154200 | 0 | 2 | 2 | 0 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.565 | Quarterly | 03/22/2026 |  | 62800 | 0 | (8) | (8) | 0 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.100 | Quarterly | 06/05/2026 |  | 77900 | 0 | (33) | (33) | 0 | (1) |
| Receive | 3-Month ZAR-JIBAR | 6.067 | Quarterly | 12/21/2026 |  | 13320 | 11 | (7) | 4 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.195 | Quarterly | 12/21/2026 |  | 207300 | 148 | 54 | 202 | 3 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.210 | Quarterly | 12/21/2026 |  | 25000 | (18) | (7) | (25) | 0 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.205 | Quarterly | 04/22/2027 |  | 33300 | 0 | (20) | (20) | 0 | (1) |
| Pay | 3-Month ZAR-JIBAR | 8.500 | Quarterly | 10/17/2027 |  | 73400 | 18 | 155 | 173 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 9.290 | Quarterly | 05/26/2028 |  | 20900 | 38 | 47 | 85 | 1 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.440 | Quarterly | 11/02/2028 |  | 40300 | (47) | (89) | (136) | 0 | (2) |
| Pay | 3-Month ZAR-JIBAR | 7.685 | Quarterly | 01/31/2030 |  | 65700 | 0 | 174 | 174 | 3 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.355 | Quarterly | 01/31/2030 |  | 53200 | (66) | (155) | (221) | 0 | (2) |
| Receive | 3-Month ZAR-JIBAR | 8.700 | Quarterly | 01/31/2030 |  | 28200 | 0 | (139) | (139) | 0 | (1) |
| Receive | 3-Month ZAR-JIBAR | 8.735 | Quarterly | 01/31/2030 |  | 9900 | 0 | (50) | (50) | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.730 | Quarterly | 03/12/2030 |  | 82400 | (10) | 236 | 226 | 3 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.775 | Quarterly | 03/18/2030 |  | 65000 | 0 | (184) | (184) | 0 | (3) |
| Receive | 3-Month ZAR-JIBAR | 7.810 | Quarterly | 03/27/2030 |  | 26400 | (5) | (72) | (77) | 0 | (1) |
| Receive | 3-Month ZAR-JIBAR | 7.570 | Quarterly | 05/27/2030 |  | 226900 | (47) | (505) | (552) | 0 | (10) |
| Receive | 3-Month ZAR-JIBAR | 7.700 | Quarterly | 06/18/2030 |  | 143960 | (43) | (349) | (392) | 0 | (7) |
| Pay | 3-Month ZAR-JIBAR | 7.860 | Quarterly | 06/18/2030 |  | 65000 | 0 | 201 | 201 | 3 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.650 | Quarterly | 06/20/2030 |  | 36274 | (10) | (84) | (94) | 0 | (2) |
| Pay | 3-Month ZAR-JIBAR | 7.810 | Quarterly | 06/20/2030 |  | 27616 | 0 | 82 | 82 | 1 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.270 | Quarterly | 08/26/2030 |  | 80000 | (19) | (119) | (138) | 0 | (4) |
| Pay | 3-Month ZAR-JIBAR | 7.370 | Quarterly | 08/26/2030 |  | 36000 | 0 | 71 | 71 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.310 | Quarterly | 09/02/2030 |  | 28400 | 30 | 22 | 52 | 1 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.040 | Quarterly | 09/22/2030 |  | 79574 | 0 | (90) | (90) | 0 | (4) |
| Receive | 3-Month ZAR-JIBAR | 7.560 | Quarterly | 09/22/2030 |  | 15620 | (20) | (18) | (38) | 0 | (1) |
| Receive | 3-Month ZAR-JIBAR | 7.310 | Quarterly | 10/02/2030 |  | 7400 | (2) | (12) | (14) | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.410 | Quarterly | 10/02/2030 |  | 5170 | 0 | 11 | 11 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.860 | Quarterly | 10/15/2030 |  | 9500 | 0 | 6 | 6 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.770 | Quarterly | 11/12/2030 |  | 4300 | 0 | 2 | 2 | 0 | 0 |

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------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 63 | 71 | 99 | 124 | 151 | 182 | 209 |
| Receive | 3-Month ZAR-JIBAR | 6.815 | Quarterly | 12/08/2030 |  | 9500 | 0 | (5) | (5) | 0 | (1) |
| Receive | 3-Month ZAR-JIBAR | 7.035 | Quarterly | 12/10/2030 |  | 92200 | (37) | (63) | (100) | 0 | (5) |
| Receive | 3-Month ZAR-JIBAR | 7.080 | Quarterly | 12/31/2030 |  | 6950 | (3) | (5) | (8) | 0 | (8) |
| Receive | 3-Month ZAR-JIBAR | 7.710 | Quarterly | 08/13/2033 |  | 70300 | 0 | (167) | (167) | 0 | (8) |
| Receive | 3-Month ZAR-JIBAR | 9.330 | Quarterly | 02/09/2034 |  | 51400 | (152) | (280) | (432) | 0 | (7) |
| Pay | 3-Month ZAR-JIBAR | 8.872 | Quarterly | 07/24/2034 |  | 28300 | 22 | 167 | 189 | 4 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.800 | Semi-Annual | 02/13/2026 | CLP | 1530400 | 0 | (2) | (2) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 4.775 | Semi-Annual | 02/23/2026 |  | 8263200 | 43 | (48) | (5) | 0 | (4) |
| Receive | 6-Month CLP-CHILIBOR | 3.000 | Semi-Annual | 06/14/2026 |  | 7364000 | 0 | 59 | 59 | 0 | (3) |
| Pay | 6-Month CLP-CHILIBOR | 5.360 | Semi-Annual | 06/28/2026 |  | 8260000 | 0 | 43 | 43 | 4 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 03/20/2028 |  | 3048850 | 0 | 79 | 79 | 4 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.335 | Semi-Annual | 10/01/2028 |  | 870100 | 0 | 6 | 6 | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 4.540 | Semi-Annual | 10/01/2028 |  | 708500 | 0 | 0 | 0 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.940 | Semi-Annual | 10/01/2028 |  | 165000 | 0 | 2 | 2 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.290 | Semi-Annual | 10/01/2028 |  | 659600 | 0 | 16 | 16 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.920 | Semi-Annual | 10/02/2028 |  | 784000 | 0 | (34) | (34) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 6.000 | Semi-Annual | 10/02/2028 |  | 1542000 | (1) | (71) | (72) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.780 | Semi-Annual | 10/03/2028 |  | 469000 | 0 | (18) | (18) | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.500 | Semi-Annual | 11/13/2028 |  | 2040800 | 49 | 13 | 62 | 1 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.260 | Semi-Annual | 11/17/2028 |  | 391900 | 0 | (9) | (9) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.695 | Semi-Annual | 02/14/2029 |  | 1113400 | 0 | (5) | (5) | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 6.370 | Semi-Annual | 06/29/2029 |  | 323000 | 0 | 21 | 21 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.000 | Semi-Annual | 07/19/2029 |  | 5091600 | 0 | 79 | 79 | 3 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.050 | Semi-Annual | 07/19/2029 |  | 1338400 | 1 | 23 | 24 | 1 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.390 | Semi-Annual | 10/01/2029 |  | 451200 | 0 | 5 | 5 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.555 | Semi-Annual | 10/08/2029 |  | 630000 | 0 | 3 | 3 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.730 | Semi-Annual | 10/16/2029 |  | 1380800 | 0 | (4) | (4) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.280 | Semi-Annual | 02/28/2030 |  | 3912400 | (19) | (90) | (109) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 4.750 | Semi-Annual | 04/10/2030 |  | 2650200 | 0 | (6) | (6) | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 4.690 | Semi-Annual | 06/18/2030 |  | 879600 | 0 | (1) | (1) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.715 | Semi-Annual | 06/18/2030 |  | 1070200 | 0 | 0 | 0 | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.350 | Semi-Annual | 09/01/2030 |  | 801600 | 0 | (25) | (25) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.690 | Semi-Annual | 09/01/2030 |  | 58400 | 0 | (3) | (3) | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.070 | Semi-Annual | 06/24/2031 |  | 3104700 | 0 | 42 | 42 | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.970 | Semi-Annual | 06/18/2032 |  | 805000 | 0 | 3 | 3 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 6.146 | Semi-Annual | 10/30/2032 |  | 3056500 | 0 | (252) | (252) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 5.030 | Semi-Annual | 03/20/2033 |  | 3796610 | 0 | (21) | (21) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 04/01/2033 |  | 601500 | 0 | (19) | (19) | 0 | 0 |
| Receive<sup>(6)</sup> | 6-Month CLP-CHILIBOR | 5.250 | Annual | 05/13/2033 |  | 627300 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.855 | Semi-Annual | 10/05/2033 |  | 1103000 | 0 | (71) | (71) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.790 | Semi-Annual | 10/06/2033 |  | 447000 | 0 | (27) | (27) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.870 | Semi-Annual | 10/11/2033 |  | 395800 | 0 | (26) | (26) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.940 | Semi-Annual | 10/20/2033 |  | 189900 | 0 | (13) | (13) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.990 | Semi-Annual | 10/20/2033 |  | 1831830 | 0 | (136) | (136) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 6.235 | Semi-Annual | 10/26/2033 |  | 878100 | 0 | (81) | (81) | 0 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 63 | 71 | 99 | 124 | 151 | 182 | 209 |
| Pay | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 11/16/2033 |  | 435200 | 0 | 13 | 13 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.230 | Semi-Annual | 11/17/2033 |  | 221600 | 0 | 4 | 4 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.920 | Semi-Annual | 02/13/2034 |  | 365400 | (1) | (2) | (3) | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.030 | Semi-Annual | 02/23/2034 |  | 1946800 | (18) | 19 | 1 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.313 | Semi-Annual | 04/25/2034 |  | 954600 | 0 | 21 | 21 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.360 | Semi-Annual | 04/26/2034 |  | 493900 | 0 | 13 | 13 | 0 | 0 |
| Pay<sup>(6)</sup> | 6-Month CLP-CHILIBOR | 5.750 | Annual | 05/13/2034 |  | 642200 | 0 | 0 | 0 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.450 | Semi-Annual | 06/28/2034 |  | 2020000 | 0 | (62) | (62) | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 07/03/2034 |  | 893400 | 0 | 27 | 27 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.440 | Semi-Annual | 02/28/2035 |  | 1786000 | 0 | 56 | 56 | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.120 | Semi-Annual | 06/18/2035 |  | 400700 | 0 | 0 | 0 | 0 | 0 |
| Receive | 6-Month CZK-PRIBOR | 4.611 | Annual | 06/06/2028 | CZK | 30160 | (25) | (44) | (69) | 0 | (1) |
| Pay | 6-Month CZK-PRIBOR | 4.388 | Annual | 11/15/2028 |  | 220000 | 300 | (76) | 224 | 7 | 0 |
| Receive | 6-Month CZK-PRIBOR | 4.070 | Annual | 11/23/2028 |  | 36900 | 0 | (21) | (21) | 0 | (1) |
| Pay | 6-Month CZK-PRIBOR | 3.765 | Annual | 01/09/2029 |  | 36800 | 10 | 31 | 41 | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.645 | Annual | 02/01/2029 |  | 105100 | 0 | 92 | 92 | 4 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.534 | Annual | 03/21/2029 |  | 50300 | 0 | (34) | (34) | 0 | (2) |
| Pay | 6-Month CZK-PRIBOR | 3.850 | Annual | 05/10/2029 |  | 5800 | 0 | 7 | 7 | 0 | 0 |
| Receive | 6-Month CZK-PRIBOR | 4.130 | Annual | 06/03/2029 |  | 20700 | 0 | (35) | (35) | 0 | (1) |
| Receive | 6-Month CZK-PRIBOR | 3.605 | Annual | 07/12/2029 |  | 86800 | 0 | 13 | 13 | 0 | (4) |
| Receive | 6-Month CZK-PRIBOR | 3.480 | Annual | 07/15/2029 |  | 112400 | 9 | 34 | 43 | 0 | (5) |
| Pay | 6-Month CZK-PRIBOR | 3.580 | Annual | 10/25/2029 |  | 204900 | 110 | (166) | (56) | 10 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.130 | Annual | 04/09/2030 |  | 95500 | 27 | 22 | 49 | 0 | (7) |
| Receive | 6-Month CZK-PRIBOR | 3.290 | Annual | 04/30/2030 |  | 16300 | 0 | 3 | 3 | 0 | (1) |
| Receive | 6-Month CZK-PRIBOR | 3.258 | Annual | 05/05/2030 |  | 19800 | 0 | 5 | 5 | 0 | (1) |
| Receive | 6-Month CZK-PRIBOR | 3.325 | Annual | 05/06/2030 |  | 55900 | 0 | 5 | 5 | 0 | (4) |
| Receive | 6-Month CZK-PRIBOR | 3.410 | Annual | 05/14/2030 |  | 44400 | 0 | (4) | (4) | 0 | (3) |
| Receive | 6-Month CZK-PRIBOR | 3.485 | Annual | 05/16/2030 |  | 3200 | 0 | (1) | (1) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.363 | Annual | 05/29/2030 |  | 30700 | 0 | (1) | (1) | 2 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.554 | Annual | 06/11/2030 |  | 90300 | 10 | (46) | (36) | 0 | (7) |
| Receive | 6-Month CZK-PRIBOR | 3.575 | Annual | 07/03/2030 |  | 215200 | 158 | (67) | 91 | 0 | (18) |
| Pay | 6-Month CZK-PRIBOR | 1.025 | Annual | 07/29/2030 |  | 3200 | (19) | (1) | (20) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.735 | Annual | 08/05/2030 |  | 3300 | 0 | 0 | 0 | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.705 | Annual | 08/12/2030 |  | 3910 | 0 | (1) | (1) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.736 | Annual | 08/12/2030 |  | 111000 | 0 | (9) | (9) | 10 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.708 | Annual | 08/13/2030 |  | 78700 | 0 | (12) | (12) | 7 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.777 | Annual | 10/15/2030 |  | 11670 | 0 | (1) | (1) | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.767 | Annual | 10/17/2030 |  | 29100 | 0 | (2) | (2) | 3 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.761 | Annual | 10/20/2030 |  | 24600 | 0 | (2) | (2) | 3 | 0 |
| Pay | 6-Month CZK-PRIBOR | 4.018 | Annual | 11/25/2030 |  | 10600 | 0 | 5 | 5 | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.963 | Annual | 11/27/2030 |  | 15800 | 0 | 5 | 5 | 2 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.981 | Annual | 12/01/2030 |  | 8500 | 0 | 3 | 3 | 1 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 19 | 28 | 41 | 63 | 71 | 99 | 124 | 151 | 182 | 209 |
| Pay | 6-Month CZK-PRIBOR | 3.980 | Annual | 12/04/2030 |  | 17550 | (4) | 10 | 6 | 2 | 0 |
| Receive | 6-Month CZK-PRIBOR | 4.049 | Annual | 12/12/2030 |  | 11000 | 0 | (6) | (6) | 0 | (1) |
| Receive<sup>(6)</sup> | 6-Month CZK-PRIBOR | 3.920 | Annual | 02/09/2031 |  | 12500 | 0 | (2) | (2) | 0 | (1) |
| Receive<sup>(6)</sup> | 6-Month CZK-PRIBOR | 3.970 | Annual | 02/12/2031 |  | 15700 | 0 | (5) | (5) | 0 | (2) |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 |  | 85400 | 0 | 9 | 9 | 5 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 |  | 16000 | 0 | 1 | 1 | 1 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.530 | Annual | 12/31/2035 |  | 19700 | 0 | 2 | 2 | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.100 | Annual | 09/20/2030 | EUR | 2300 | (98) | 25 | (73) | 2 | 0 |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 200 | 0 | 1 | 1 | 0 | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 5000 | (29) | (77) | (106) | 0 | (7) |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 3700 | 101 | 120 | 221 | 12 | 0 |
| Receive | 6-Month HUF-BBR | 8.740 | Annual | 04/28/2028 | HUF | 606700 | (50) | (150) | (200) | 0 | (3) |
| Pay | 6-Month HUF-BBR | 7.610 | Annual | 11/03/2028 |  | 327880 | 0 | 45 | 45 | 2 | 0 |
| Pay | 6-Month HUF-BBR | 7.330 | Annual | 11/06/2028 |  | 1333600 | 132 | 20 | 152 | 8 | 0 |
| Pay | 6-Month HUF-BBR | 6.090 | Annual | 10/21/2029 |  | 828800 | (35) | 45 | 10 | 6 | 0 |
| Pay | 6-Month HUF-BBR | 6.363 | Annual | 01/31/2030 |  | 1208000 | 0 | 161 | 161 | 9 | 0 |
| Pay | 6-Month HUF-BBR | 6.392 | Annual | 03/11/2030 |  | 635800 | 0 | 89 | 89 | 5 | 0 |
| Pay | 6-Month HUF-BBR | 6.650 | Annual | 03/13/2030 |  | 277400 | 0 | 49 | 49 | 2 | 0 |
| Receive | 6-Month HUF-BBR | 6.250 | Annual | 04/09/2030 |  | 360200 | 3 | (47) | (44) | 0 | (3) |
| Pay | 6-Month HUF-BBR | 5.890 | Annual | 05/09/2030 |  | 789200 | 0 | 58 | 58 | 6 | 0 |
| Pay | 6-Month HUF-BBR | 6.270 | Annual | 06/16/2030 |  | 719900 | 1 | 87 | 88 | 6 | 0 |
| Receive | 6-Month HUF-BBR | 6.210 | Annual | 06/26/2030 |  | 1941900 | (3) | (223) | (226) | 0 | (15) |
| Receive | 6-Month HUF-BBR | 6.319 | Annual | 11/03/2030 |  | 841200 | 0 | (27) | (27) | 0 | (7) |
| Receive | 6-Month HUF-BBR | 6.350 | Annual | 11/14/2030 |  | 66900 | 0 | (2) | (2) | 0 | (1) |
| Receive | 6-Month HUF-BBR | 6.190 | Annual | 11/18/2030 |  | 585140 | 17 | (26) | (9) | 0 | (5) |
| Receive | 6-Month HUF-BBR | 6.435 | Annual | 11/21/2030 |  | 1357400 | 0 | (63) | (63) | 0 | (11) |
| Receive | 6-Month HUF-BBR | 6.439 | Annual | 11/24/2030 |  | 411800 | 0 | (19) | (19) | 0 | (3) |
| Receive | 6-Month HUF-BBR | 6.110 | Annual | 12/30/2030 |  | 125950 | (3) | 2 | (1) | 0 | (1) |
| Receive | 6-Month HUF-BBR | 7.840 | Annual | 02/07/2033 |  | 183000 | 0 | (74) | (74) | 0 | (1) |
| Receive | 6-Month HUF-BBR | 6.580 | Annual | 05/16/2035 |  | 86700 | 0 | (11) | (11) | 0 | (1) |
| Pay | 6-Month PLN-WIBOR | 5.520 | Annual | 03/20/2026 | PLN | 13100 | 0 | 118 | 118 | 0 | 0 |
| Pay | 6-Month PLN-WIBOR | 5.620 | Annual | 03/21/2026 |  | 1500 | 0 | 14 | 14 | 0 | 0 |
| Receive | 6-Month PLN-WIBOR | 2.950 | Annual | 12/13/2026 |  | 27100 | 0 | 54 | 54 | 0 | (1) |
| Receive | 6-Month PLN-WIBOR | 4.075 | Annual | 03/07/2027 |  | 15600 | 0 | (100) | (100) | 0 | (1) |
| Pay | 6-Month PLN-WIBOR | 7.310 | Annual | 06/30/2027 |  | 4500 | 20 | 93 | 113 | 1 | 0 |
| Pay | 6-Month PLN-WIBOR | 5.430 | Annual | 03/16/2028 |  | 1600 | 13 | 17 | 30 | 0 | 0 |
| Receive | 6-Month PLN-WIBOR | 4.735 | Annual | 10/09/2028 |  | 6200 | 0 | (51) | (51) | 0 | (2) |
| Receive | 6-Month PLN-WIBOR | 4.560 | Annual | 11/06/2028 |  | 47500 | (7) | (333) | (340) | 0 | (12) |
| Pay | 6-Month PLN-WIBOR | 4.660 | Annual | 02/19/2029 |  | 5100 | 0 | 75 | 75 | 1 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.923 | Annual | 03/22/2029 |  | 6400 | 0 | 114 | 114 | 2 | 0 |
| Pay | 6-Month PLN-WIBOR | 5.105 | Annual | 07/12/2029 |  | 17200 | 0 | 235 | 235 | 4 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.865 | Annual | 07/18/2029 |  | 3500 | 0 | 39 | 39 | 1 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.750 | Annual | 08/02/2029 |  | 3100 | 0 | 31 | 31 | 1 | 0 |
| Receive | 6-Month PLN-WIBOR | 4.259 | Annual | 08/08/2029 |  | 13300 | 0 | (67) | (67) | 0 | (3) |
| Receive | 6-Month PLN-WIBOR | 4.388 | Annual | 08/09/2029 |  | 13600 | 0 | (87) | (87) | 0 | (3) |
| Receive | 6-Month PLN-WIBOR | 4.415 | Annual | 08/12/2029 |  | 5600 | 0 | (37) | (37) | 0 | (1) |
| Receive | 6-Month PLN-WIBOR | 0.980 | Annual | 06/09/2030 |  | 5400 | 0 | 161 | 161 | 0 | (1) |
| Pay | 6-Month PLN-WIBOR | 0.925 | Annual | 10/16/2030 |  | 2000 | (81) | 9 | (72) | 1 | 0 |
| Pay | 28-Day MXN-TIIE | 8.075 | Lunar | 03/17/2027 | MXN | 33500 | 0 | 24 | 24 | 1 | 0 |
| Pay | 28-Day MXN-TIIE | 6.880 | Lunar | 03/02/2028 |  | 121200 | 0 | (50) | (50) | 3 | 0 |
| Pay | 28-Day MXN-TIIE | 6.882 | Lunar | 03/02/2028 |  | 171900 | 0 | (71) | (71) | 4 | 0 |
| Receive | 28-Day MXN-TIIE | 7.550 | Lunar | 03/02/2028 |  | 230800 | 0 | (84) | (84) | 0 | (7) |
| Pay | 28-Day MXN-TIIE | 9.295 | Lunar | 10/30/2028 |  | 13800 | 7 | 26 | 33 | 0 | 0 |
| Pay | 28-Day MXN-TIIE | 7.760 | Lunar | 03/01/2029 |  | 118700 | 0 | 59 | 59 | 4 | 0 |
| Receive | 28-Day MXN-TIIE | 8.250 | Lunar | 03/01/2029 |  | 30400 | (23) | (16) | (39) | 0 | (1) |
| Pay | 28-Day MXN-TIIE | 9.065 | Lunar | 03/01/2029 |  | 2900 | 0 | 8 | 8 | 0 | 0 |
| Receive | 28-Day MXN-TIIE | 8.220 | Lunar | 09/17/2029 |  | 50000 | 0 | (62) | (62) | 0 | (2) |
| Receive | 28-Day MXN-TIIE | 8.665 | Lunar | 12/11/2029 |  | 36300 | 0 | (76) | (76) | 0 | (2) |
| Pay | 28-Day MXN-TIIE | 8.800 | Lunar | 12/12/2029 |  | 42200 | 26 | 74 | 100 | 2 | 0 |
| Receive | 28-Day MXN-TIIE | 8.950 | Lunar | 12/17/2029 |  | 9700 | 0 | (26) | (26) | 0 | (1) |
| Receive | 28-Day MXN-TIIE | 9.180 | Lunar | 01/08/2030 |  | 83000 | (39) | (220) | (259) | 0 | (5) |
| Pay | 28-Day MXN-TIIE | 8.650 | Lunar | 01/31/2030 |  | 69600 | 0 | 146 | 146 | 4 | 0 |
| Receive | 28-Day MXN-TIIE | 8.267 | Lunar | 02/28/2030 |  | 122200 | 0 | (163) | (163) | 0 | (7) |
| Pay | 28-Day MXN-TIIE | 8.360 | Lunar | 03/13/2030 |  | 2000 | 0 | 3 | 3 | 0 | 0 |
| Receive | 28-Day MXN-TIIE | 8.480 | Lunar | 03/13/2030 |  | 55500 | 0 | (97) | (97) | 0 | (3) |
| Receive | 28-Day MXN-TIIE | 8.595 | Lunar | 03/13/2030 |  | 74700 | 0 | (148) | (148) | 0 | (4) |
| Pay | 28-Day MXN-TIIE | 7.720 | Lunar | 04/01/2030 |  | 12800 | 0 | 3 | 3 | 1 | 0 |
| Pay | 28-Day MXN-TIIE | 7.750 | Lunar | 04/01/2030 |  | 47800 | 2 | 10 | 12 | 3 | 0 |
| Pay | 28-Day MXN-TIIE | 7.775 | Lunar | 04/01/2030 |  | 17900 | 0 | 6 | 6 | 1 | 0 |
| Pay | 28-Day MXN-TIIE | 7.790 | Lunar | 04/01/2030 |  | 7700 | 0 | 3 | 3 | 0 | 0 |
| Pay | 28-Day MXN-TIIE | 7.582 | Lunar | 04/02/2030 |  | 45800 | 0 | (4) | (4) | 3 | 0 |
| Pay | 28-Day MXN-TIIE | 7.748 | Lunar | 04/02/2030 |  | 9800 | 0 | 2 | 2 | 1 | 0 |
| Pay | 28-Day MXN-TIIE | 7.753 | Lunar | 04/16/2030 |  | 64100 | 0 | 17 | 17 | 4 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 5 | 16 | 19 | 28 | 39 | 57 | 91 | 98 | 102 | 123 | 138 | 150 | 151 | 181 | 182 | 195 | 208 | 209 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.758 | Lunar | Lunar | 06/12/2030 | 66400 |  | (9) |  | (7) |  | (16) |  | 0 | 0 |  | (4) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.775 | Lunar | Lunar | 06/12/2030 | 36200 |  | 0 |  | (10) |  | (10) |  | 0 | 0 |  | (2) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.790 | Lunar | Lunar | 06/12/2030 | 90300 |  | 0 |  | (28) |  | (28) |  | 0 | 0 |  | (6) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.936 | Lunar | Lunar | 06/12/2030 | 130700 |  | 0 |  | (82) |  | (82) |  | 0 | 0 |  | (8) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.500 | Lunar | Lunar | 09/11/2030 | 51600 |  | 0 |  | (21) |  | (21) |  | 4 | 4 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.520 | Lunar | Lunar | 09/11/2030 | 6200 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.610 | Lunar | Lunar | 09/20/2030 | 48200 |  | (14) |  | 22 |  | 8 |  | 0 | 0 |  | (3) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.740 | Lunar | Lunar | 09/20/2030 | 19800 |  | 0 |  | 2 |  | 2 |  | 1 | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.375 | Lunar | Lunar | 11/21/2030 | 17200 |  | 7 |  | 6 |  | 13 |  | 0 | 0 |  | (1) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.700 | Lunar | Lunar | 12/24/2030 | 15650 |  | 0 |  | (1) |  | (1) |  | 1 | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.290 | Lunar | Lunar | 02/27/2032 | 10600 |  | 0 |  | 13 |  | 13 |  | 1 | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.545 | Lunar | Lunar | 11/23/2034 | 12700 |  | 0 |  | 21 |  | 21 |  | 1 | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.873 | Lunar | Lunar | 11/23/2034 | 13400 |  | 0 |  | (37) |  | (37) |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.131 | Lunar | Lunar | 12/11/2034 | 18000 |  | 0 |  | (66) |  | (66) |  | 0 | 0 |  | (2) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.370 | Lunar | Lunar | 12/21/2034 | 22500 |  | 0 |  | 103 |  | 103 |  | 2 | 2 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.550 | Lunar | Lunar | 02/22/2035 | 28800 |  | 0 |  | (45) |  | (45) |  | 0 | 0 |  | (2) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.640 | Lunar | Lunar | 03/07/2035 | 38400 |  | 0 |  | (72) |  | (72) |  | 0 | 0 |  | (3) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.655 | Lunar | Lunar | 03/07/2035 | 30500 |  | 0 |  | (59) |  | (59) |  | 0 | 0 |  | (3) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.740 | Lunar | Lunar | 03/07/2035 | 90800 |  | 0 |  | (203) |  | (203) |  | 0 | 0 |  | (8) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.365 | Lunar | Lunar | 03/28/2035 | 79500 |  | 0 |  | 69 |  | 69 |  | 6 | 6 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.285 | Lunar | Lunar | 06/06/2035 | 21600 |  | 0 |  | (12) |  | (12) |  | 0 | 0 |  | (2) |
|  |  |  |  |  |  |  |  | $ | $1305 | 1305 | $(2208) | (2208) | $(903) | (903) | $541 | 541 | 541 | $(706) | (706) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(113)** | **(113)** | $**(2276)** | **(2276)** | $**(2389)** | **(2389)** | $**541** | **541** | **541** | $**(706)** | **(706)** |
| **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $7,140 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $423 | 423 | AUD | 652 | 652 | 652 | 12 | 12 | 12 | 12 | $0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | ARS | 1540498 | 1540498 | $ | $1087 | 1087 | 1087 | 28 | 28 | 28 | 28 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | BRL | 2665 | 2665 |  | 484 | 484 | 484 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 10418517 | 10418517 |  | 2649 | 2649 | 2649 | 0 | 0 | 0 | 0 | (72) | (72) | (72) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 119 | 119 |  | 37 | 37 | 37 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 796839 | 796839 |  | 545 | 545 | 545 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 7310 | 7310 |  | 2000 | 2000 | 2000 | 0 | 0 | 0 | 0 | (36) | (36) | (36) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PYG | 5922900 | 5922900 |  | 860 | 860 | 860 | 0 | 0 | 0 | 0 | (36) | (36) | (36) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $449 | 449 | ARS | 660756 | 660756 | 660756 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 492 | 492 | BRL | 2665 | 2665 | 2665 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 63 | 63 | CNY | 446 | 446 | 446 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 861 | 861 | EUR | 734 | 734 | 734 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 299 | 299 | KRW | 438590 | 438590 | 438590 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1375 | 1375 | PLN | 5037 | 5037 | 5037 | 28 | 28 | 28 | 28 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 148 | 148 | PYG | 975800 | 975800 | 975800 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 382 | 382 | THB | 12349 | 12349 | 12349 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 59295 | 59295 | $ | $3559 | 3559 | 3559 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | DOP | 188711 | 188711 |  | 2963 | 2963 | 2963 | 9 | 9 | 9 | 9 | (6) | (6) | (6) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | KRW | 438875 | 438875 |  | 301 | 301 | 301 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | PYG | 4625181 | 4625181 |  | 641 | 641 | 641 | 0 | 0 | 0 | 0 | (57) | (57) | (57) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | TRY | 402928 | 402928 |  | 8155 | 8155 | 8155 | 0 | 0 | 0 | 0 | (923) | (923) | (923) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CZK | 13961 | 13961 | EUR | 571 | 571 | 571 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | EUR | 1574 | 1574 | CZK | 38602 | 38602 | 38602 | 24 | 24 | 24 | 24 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $12865 | 12865 | PEN | 43369 | 43369 | 43369 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | COP | 1204376 | 1204376 | $ | $301 | 301 | 301 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $275 | 275 | ARS | 445581 | 445581 | 445581 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
|  |  |  | 08/2026  | 08/2026  | 08/2026  |  | 1301 | 1301 | ZAR | 23525 | 23525 | 23525 | 96 | 96 | 96 | 96 | 0 | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | ZAR | 15714 | 15714 | $ | $888 | 888 | 888 | 0 | 0 | 0 | 0 | (46) | (46) | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | ARS | 3596721 | 3596721 |  | 2482 | 2482 | 2482 | 29 | 29 | 29 | 29 | (21) | (21) | (21) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 5925 | 1073 | 0 | (8) |
|  | 01/2026  | 2314 | 2714 | 0 | (7) |
|  | 01/2026  | 1405029 | 15563 | 0 | (32) |
|  | 01/2026  | 163474 | 39886 | 0 | (449) |
|  | 01/2026  | 363556 | 6153 | 0 | (10) |
|  | 01/2026  | 127826 | 4126 | 56 | 0 |
|  | 01/2026  | $2472 | 3717206 | 85 | 0 |
|  | 01/2026  | 1093 | 5925 | 0 | (12) |
|  | 01/2026  | 14802 | 104312 | 165 | 0 |
|  | 01/2026  | 1749 | 12377 | 19 | 0 |
|  | 01/2026  | 1000 | 3795647 | 0 | (7) |
|  | 01/2026  | 851 | 722 | 0 | (2) |
|  | 01/2026  | 2952 | 49385210 | 5 | 0 |
|  | 01/2026  | 740 | 66699 | 0 | 0 |
|  | 01/2026  | 9353 | 37974 | 16 | 0 |
|  | 01/2026  | 861 | 3171 | 22 | 0 |
|  | 01/2026  | 22 | 704 | 0 | 0 |
|  | 01/2026  | 409 | 12767 | 0 | (3) |
|  | 01/2026  | 3198 | 53510 | 29 | 0 |
|  | 01/2026  | 66300 | $3967 | 0 | (31) |
|  | 02/2026  | 23313 | 741 | 0 | 0 |
|  | 02/2026  | $2742 | 19365 | 27 | 0 |
|  | 03/2026  | 24612 | 1003 | 0 | (16) |
|  | 03/2026  | $2250 | 15790 | 17 | 0 |
|  | 03/2026  | 21408 | 445345 | 278 | 0 |
|  | 04/2026  | 676967 | $452 | 50 | 0 |
|  | 04/2026  | 178300 | 31589 | 82 | (363) |
|  | 04/2026  | $15146 | 82700 | 0 | (364) |
|  | 04/2026  | 875 | 6137 | 6 | 0 |
|  | 05/2026  | 1736 | 529 | 0 | (12) |
|  | 06/2026  | 2631924 | $1537 | 61 | (20) |
|  | 06/2026  | $15563 | 1422148 | 54 | 0 |
|  | 06/2026  | 481 | 147 | 0 | (2) |
|  | 07/2026  | 270878 | $178 | 26 | 0 |
|  | 07/2026  | $183 | 310660 | 0 | (9) |
|  | 07/2026  | 777 | 237 | 0 | (3) |
|  | 06/2027  | 597 | 181 | 0 | (4) |
|  | 05/2029  | 2630 | $9040 | 357 | 0 |
|  | 07/2029  | 295 | 1015 | 40 | 0 |
|  | 05/2030  | 1713 | 5900 | 207 | 0 |
|  | 08/2030  | 265 | 893 | 12 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 5066 | 920 | 0 | (4) |
|  | 01/2026  | 688 | 808 | 0 | (1) |
|  | 01/2026  | 1455111 | 16096 | 0 | (55) |
|  | 01/2026  | 257782 | 63377 | 14 | (235) |
|  | 01/2026  | 22 | 5 | 0 | 0 |
|  | 01/2026  | $921 | 5066 | 4 | 0 |
|  | 01/2026  | 14790 | 60369 | 105 | 0 |
|  | 01/2026  | 652 | 2375 | 10 | 0 |
|  | 01/2026  | 11156 | 501661 | 482 | 0 |
|  | 01/2026  | 83987 | $4858 | 0 | (206) |
|  | 02/2026  | 14045 | 312 | 0 | (4) |
|  | 02/2026  | $2683 | 889048 | 27 | 0 |
|  | 02/2026  | 12102 | 566492 | 680 | 0 |
|  | 03/2026  | 45087 | $2435 | 0 | (51) |
|  | 03/2026  | $21472 | 358470966 | 0 | (40) |
|  | 03/2026  | 1681 | 76760 | 22 | 0 |
|  | 06/2026  | 16096 | 1472978 | 78 | 0 |
|  | 08/2026  | 184140 | $3377 | 0 | (262) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 10016 | 1820 | 0 | (8) |
|  | 01/2026  | 86580 | 556 | 3 | 0 |
|  | 01/2026  | 10285 | 2975 | 0 | (84) |
|  | 01/2026  | 832 | 227 | 0 | (4) |
|  | 01/2026  | $17 | 26 | 1 | 0 |
|  | 01/2026  | 1804 | 10016 | 24 | 0 |
|  | 01/2026  | 10 | 36 | 1 | 0 |
|  | 02/2026  | 10091 | $1804 | 0 | (24) |
|  | 02/2026  | 12502 | 3575 | 0 | (138) |
|  | 03/2026  | 3066609 | 3270 | 0 | (139) |
|  | 04/2026  | 187400 | 32995 | 30 | (531) |
|  | 05/2026  | 34650 | 9876 | 0 | (381) |
|  | 05/2026  | $175 | 594 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 612868 | $420 | 0 | (2) |
|  | 01/2026  | 31162 | 5589 | 2 | (100) |
|  | 01/2026  | 194127 | 27626 | 0 | (228) |
|  | 01/2026  | 6734 | 957 | 0 | (4) |
|  | 01/2026  | 14508123 | 3708 | 0 | (81) |
|  | 01/2026  | 3574 | 4166 | 0 | (36) |
|  | 01/2026  | 2657879 | 1817 | 0 | (26) |
|  | 01/2026  | 22588 | 6510 | 0 | (207) |
|  | 01/2026  | 4880 | 1342 | 0 | (17) |
|  | 01/2026  | 1070565 | 149 | 0 | (13) |
|  | 01/2026  | 1308 | 1013 | 0 | (6) |
|  | 01/2026  | 41664 | 968 | 0 | (3) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | $544 | 852068 | 43 | 0 |
|  | 01/2026  | 5670 | 31162 | 22 | (5) |
|  | 01/2026  | 3231 | 4458 | 18 | 0 |
|  | 01/2026  | 2870 | 20286 | 26 | 0 |
|  | 01/2026  | 874 | 750 | 8 | 0 |
|  | 01/2026  | 39004 | 3474620 | 0 | (438) |
|  | 01/2026  | 2074 | 6984 | 4 | 0 |
|  | 01/2026  | 431 | 16980 | 3 | 0 |
|  | 01/2026  | 160 | $4 | 0 | 0 |
|  | 02/2026  | 1829 | 128 | 0 | (42) |
|  | 02/2026  | 10694 | 3144 | 0 | (32) |
|  | 02/2026  | $5404 | 38154 | 49 | 0 |
|  | 02/2026  | 1383 | 5380128 | 17 | 0 |
|  | 02/2026  | 91 | 4435 | 2 | 0 |
|  | 02/2026  | 3701 | 5338203 | 1 | 0 |
|  | 02/2026  | 431 | 17037 | 3 | 0 |
|  | 03/2026  | 184602 | $198 | 0 | (7) |
|  | 03/2026  | 22122 | 426 | 0 | (26) |
|  | 03/2026  | 9846 | 2916 | 0 | (4) |
|  | 03/2026  | $6238 | 43814 | 47 | 0 |
|  | 03/2026  | 2118 | 66575 | 0 | (2) |
|  | 03/2026  | 432 | 17128 | 4 | 0 |
|  | 04/2026  | 106 | 169941 | 0 | (5) |
|  | 04/2026  | 6565 | 175679400 | 48 | 0 |
|  | 05/2026  | 28719 | $22256 | 0 | (288) |
|  | 05/2026  | $120 | 186720 | 4 | 0 |
|  | 06/2026  | 554387 | $365 | 52 | 0 |
|  | 07/2026  | 1541228 | 977 | 110 | 0 |
|  | 10/2026  | 2351520 | 639 | 27 | 0 |
|  | 10/2026  | 1637500 | 125 | 0 | (3) |
|  | 11/2026  | 196080 | 120 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 5859 | 1098 | 29 | 0 |
|  | 01/2026  | 5664 | 1775 | 0 | (3) |
|  | 01/2026  | 53241 | 13049 | 0 | (87) |
|  | 01/2026  | 30415 | 982 | 14 | 0 |
|  | 01/2026  | $1065 | 5859 | 4 | 0 |
|  | 01/2026  | 954 | 46807 | 22 | 0 |
|  | 01/2026  | 14335 | 1276523 | 0 | (166) |
|  | 01/2026  | 25159 | 36829703 | 384 | 0 |
|  | 01/2026  | 13046 | 53241 | 85 | 0 |
|  | 01/2026  | 721 | 22101 | 0 | (17) |
|  | 01/2026  | 34188383 | $2782 | 0 | (63) |
|  | 01/2026  | 183878 | 10665 | 0 | (424) |
|  | 02/2026  | 12658 | 3559 | 0 | (201) |
|  | 02/2026  | $245 | 80605 | 1 | 0 |
|  | 02/2026  | 1775 | 5662 | 3 | 0 |
|  | 02/2026  | 4658 | 7042588 | 199 | 0 |
|  | 03/2026  | 752946 | $1457 | 0 | (2) |
|  | 03/2026  | $798 | 5598 | 5 | 0 |
|  | 03/2026  | 2608 | 53695 | 6 | 0 |
|  | 03/2026  | 786 | 450509 | 82 | 0 |
|  | 04/2026  | 2113713 | $591 | 17 | 0 |
|  | 04/2026  | $13 | 666 | 1 | 0 |
|  | 04/2026  | 13422258 | $1073 | 0 | (21) |
|  | 05/2026  | 14797 | 11463 | 0 | (152) |
|  | 09/2026  | 23768 | 426 | 0 | (29) |
|  | 09/2026  | 92929 | 312 | 0 | (9) |
|  | 10/2026  | 406000 | 112 | 6 | 0 |
|  | 10/2026  | 4459000 | 343 | 0 | (6) |
|  | 11/2026  | 8228278 | 629 | 0 | (11) |
|  | 12/2026  | 21537121 | 1659 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 9500 | 12476 | 0 | (330) |
|  | 01/2026  | 3014 | 940 | 0 | (6) |
|  | 01/2026  | $2117 | 7148 | 8 | 0 |
|  | 01/2026  | 4995 | 18253 | 89 | 0 |
|  | 01/2026  | 11 | 14 | 0 | 0 |
|  | 01/2026  | 97622 | $5677 | 0 | (209) |
|  | 02/2026  | $940 | 3013 | 6 | 0 |
|  | 03/2026  | 6362 | $1876 | 0 | (12) |
|  | 06/2026  | 5639 | 1664 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 296020 | 204 | 2 | 0 |
|  | 01/2026  | 16263 | 2956 | 0 | (12) |
|  | 01/2026  | 21 | 26 | 0 | 0 |
|  | 01/2026  | 12457 | 1781 | 0 | (7) |
|  | 01/2026  | 182622 | 2955 | 81 | 0 |
|  | 01/2026  | 4971 | 1225 | 0 | (2) |
|  | 01/2026  | 4203 | 1148 | 0 | (23) |
|  | 01/2026  | 274241 | 8823 | 117 | 0 |
|  | 01/2026  | $160 | 236362 | 2 | 0 |
|  | 01/2026  | 2903 | 16263 | 65 | 0 |
|  | 01/2026  | 7388 | 51979 | 71 | 0 |
|  | 01/2026  | 3490 | 11275 | 51 | 0 |
|  | 01/2026  | 13080 | 53979 | 233 | 0 |
|  | 01/2026  | 299 | 17724 | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 3158 | 11539 | 56 | 0 |
|  | 01/2026  | 6071 | 193160 | 63 | 0 |
|  | 01/2026  | 1094 | 49064 | 46 | 0 |
|  | 01/2026  | 72592 | $4211 | 0 | (167) |
|  | 02/2026  | 91839 | 16599 | 30 | (64) |
|  | 02/2026  | 292176 | 4627 | 35 | 0 |
|  | 02/2026  | $50795 | 278516 | 0 | (352) |
|  | 02/2026  | 3 | 21 | 0 | 0 |
|  | 02/2026  | 596 | 11055 | 15 | 0 |
|  | 02/2026  | 8824 | 273973 | 0 | (112) |
|  | 02/2026  | 2035 | 92793 | 55 | 0 |
|  | 03/2026  | 288 | $52 | 0 | 0 |
|  | 03/2026  | 391029 | 6110 | 37 | (45) |
|  | 03/2026  | 23615 | 456 | 0 | (27) |
|  | 03/2026  | $87 | 613 | 1 | 0 |
|  | 03/2026  | 1051 | 68372 | 21 | 0 |
|  | 04/2026  | 264180 | $177 | 20 | 0 |
|  | 04/2026  | 385300 | 67929 | 186 | (1126) |
|  | 04/2026  | 21327 | 1168 | 0 | (4) |
|  | 05/2026  | 44883 | 689 | 0 | (6) |
|  | 05/2026  | $34075 | 43516 | 84 | 0 |
|  | 06/2026  | 10 | $0 | 0 | 0 |
|  | 06/2026  | 21991 | 408 | 0 | (27) |
|  | 07/2026  | 277135 | 184 | 27 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 43947 | 10834 | 0 | (9) |
|  | 01/2026  | $159 | 7910 | 6 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 8081109 | $5391 | 0 | (195) |
|  | 01/2026  | 265467 | 8548 | 121 | 0 |
|  | 01/2026  | $30733 | 216445 | 324 | 0 |
|  | 01/2026  | 2908 | 20475 | 12 | 0 |
|  | 01/2026  | 96 | 4689 | 2 | 0 |
|  | 01/2026  | 5647 | 18407 | 132 | 0 |
|  | 01/2026  | 6058 | 539510 | 0 | (70) |
|  | 01/2026  | 27171 | 505346 | 825 | 0 |
|  | 01/2026  | 2919 | 11832 | 1 | (1) |
|  | 01/2026  | 164 | 1673 | 2 | 0 |
|  | 01/2026  | 3678 | 13558 | 98 | 0 |
|  | 01/2026  | 6870 | 217682 | 43 | 0 |
|  | 01/2026  | 26608 | $1551 | 0 | (54) |
|  | 02/2026  | 2334556 | 595 | 0 | (13) |
|  | 02/2026  | 5896 | 319 | 0 | (7) |
|  | 02/2026  | 61745 | 1365 | 0 | (18) |
|  | 02/2026  | $196 | 297290 | 9 | 0 |
|  | 02/2026  | 8548 | 265172 | 0 | (116) |
|  | 03/2026  | 36504 | $1979 | 0 | (36) |
|  | 03/2026  | $160 | 2959 | 3 | 0 |
|  | 04/2026  | 6101 | $331 | 0 | (4) |
|  | 06/2026  | 20030 | 371 | 0 | (25) |
|  | 06/2026  | 152100 | 8583 | 0 | (493) |
|  | 10/2026  | 18425 | 5 | 0 | 0 |
|  | 06/2027  | 563221 | 42 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 4491 | 3191 | 0 | (83) |
|  | 01/2026  | 8940 | 1268 | 0 | (14) |
|  | 01/2026  | 1756 | 37 | 0 | 0 |
|  | 01/2026  | 5925 | 6934 | 0 | (32) |
|  | 01/2026  | 3711 | 24 | 0 | 0 |
|  | 01/2026  | 94187499 | 65724 | 401 | 0 |
|  | 01/2026  | 38622 | 1238 | 8 | 0 |
|  | 01/2026  | $960 | 6779 | 8 | 0 |
|  | 01/2026  | 3418 | 168724 | 108 | 0 |
|  | 01/2026  | 3299 | 2466 | 25 | 0 |
|  | 01/2026  | 4956 | 20056 | 0 | (7) |
|  | 01/2026  | 35670 | 46282 | 359 | 0 |
|  | 01/2026  | 9 | 363 | 0 | 0 |
|  | 02/2026  | 4221 | $1154 | 0 | (171) |
|  | 02/2026  | 9134 | 495 | 0 | (11) |
|  | 02/2026  | $217 | 10766 | 5 | 0 |
|  | 02/2026  | 65813 | 94187499 | 0 | (500) |
|  | 02/2026  | 274 | 5073 | 6 | 0 |
|  | 03/2026  | 13966 | $772 | 2 | 0 |
|  | 04/2026  | $39 | 2024 | 2 | 0 |
|  | 05/2026  | 28 | 1423 | 1 | 0 |
|  | 09/2026  | 38927 | $699 | 0 | (47) |
|  | 10/2026  | 3845 | 216 | 0 | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 5933 | 1078 | 0 | (4) |
|  | 01/2026  | 1153988 | 69 | 0 | 0 |
|  | 01/2026  | 12732 | 3480 | 0 | (66) |
|  | 01/2026  | 28090 | 883 | 0 | (9) |
|  | 01/2026  | $1095 | 5933 | 0 | (12) |
|  | 01/2026  | 12651 | $757 | 0 | (6) |
|  | 02/2026  | 23665 | 963 | 0 | (19) |
|  | 02/2026  | $139 | 984 | 1 | 0 |
|  | 02/2026  | 4951 | 1648661 | 75 | 0 |
|  | 03/2026  | 13948 | $678 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 03/2026  | 49359 | 49359 |  | 955 | 955 | 955 |  | 0 | 0 |  | (56) |
|  |  | 03/2026  | 386838 | 386838 |  | 6538 | 6538 | 6538 |  | 2 | 2 |  | 0 |
|  |  | 03/2026  | $2250 | 2250 | CNY | 15801 | 15801 | 15801 |  | 16 | 16 |  | 0 |
|  |  | 10/2026  | 685 | 685 | AZN | 1226 | 1226 | 1226 |  | 12 | 12 |  | 0 |
|  |  | 10/2027  | 1370 | 1370 |  | 2521 | 2521 | 2521 |  | 0 | 0 |  | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 41256 | 41256 | KRW | 60373925 | 60373925 | 60373925 |  | 616 | 616 |  | 0 |
|  |  | 01/2026  | 6661 | 6661 | TRY | 300594 | 300594 | 300594 |  | 236 | 236 |  | 0 |
|  |  | 02/2026  | 6189 | 6189 |  | 281690 | 281690 | 281690 |  | 168 | 168 |  | 0 |
|  |  | 03/2026  | 6182 | 6182 |  | 282674 | 282674 | 282674 |  | 82 | 82 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 19624 | 19624 | $ | $2774 | 2774 | 2774 |  | 0 | 0 |  | (42) |
|  |  | 01/2026  | 67162 | 67162 |  | 432 | 432 | 432 |  | 3 | 3 |  | 0 |
|  |  | 01/2026  | 53241 | 53241 |  | 12904 | 12904 | 12904 |  | 0 | 0 |  | (227) |
|  |  | 01/2026  | $14713 | 14713 | CNH | 103671 | 103671 | 103671 |  | 162 | 162 |  | 0 |
|  |  | 01/2026  | 2774 | 2774 | CNY | 19595 | 19595 | 19595 |  | 23 | 23 |  | 0 |
|  |  | 01/2026  | 1 | 1 | EGP | 49 | 49 | 49 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 3709 | 3709 | IDR | 62016162 | 62016162 | 62016162 |  | 5 | 5 |  | 0 |
|  |  | 01/2026  | 43914 | 43914 | MYR | 178982 | 178982 | 178982 |  | 247 | 247 |  | 0 |
|  |  | 01/2026  | 386 | 386 | NGN | 587984 | 587984 | 587984 |  | 21 | 21 |  | 0 |
|  |  | 01/2026  | 1457 | 1457 | PEN | 5006 | 5006 | 5006 |  | 32 | 32 |  | 0 |
|  |  | 01/2026  | 9759 | 9759 | SAR | 36700 | 36700 | 36700 |  | 17 | 17 |  | 0 |
|  |  | 01/2026  | 17153 | 17153 | THB | 554745 | 554745 | 554745 |  | 457 | 457 |  | 0 |
|  |  | 01/2026  | 48533 | 48533 | TWD | 1517653 | 1517653 | 1517653 |  | 0 | 0 |  | (218) |
|  |  | 02/2026  | 24022793 | 24022793 | $ | $6130 | 6130 | 6130 |  | 0 | 0 |  | (133) |
|  |  | 02/2026  | $337 | 337 | NGN | 512406 | 512406 | 512406 |  | 16 | 16 |  | 0 |
|  |  | 03/2026  | 3017 | 3017 | CLP | 2768924 | 2768924 | 2768924 |  | 62 | 62 |  | 0 |
|  |  | 03/2026  | 1244 | 1244 | CNY | 8726 | 8726 | 8726 |  | 9 | 9 |  | 0 |
|  |  | 04/2026  | 939344 | 939344 | $ | $543 | 543 | 543 |  | 0 | 0 |  | (92) |
|  |  | 04/2026  | $838 | 838 | EGP | 43129 | 43129 | 43129 |  | 36 | 36 |  | 0 |
|  |  | 04/2026  | 208 | 208 | PEN | 717 | 717 | 717 |  | 5 | 5 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 150530 | 150530 | $ | $1662 | 1662 | 1662 |  | 0 | 0 |  | (9) |
|  |  | 01/2026  | 251243 | 251243 |  | 1606 | 1606 | 1606 |  | 1 | 1 |  | 0 |
|  |  | 01/2026  | 2883 | 2883 |  | 847 | 847 | 847 |  | 0 | 0 |  | (10) |
|  |  | 01/2026  | $11205 | 11205 | EUR | 9678 | 9678 | 9678 |  | 174 | 174 |  | 0 |
|  |  | 01/2026  | 1064 | 1064 | PEN | 3588 | 3588 | 3588 |  | 2 | 2 |  | 0 |
|  |  | 01/2026  | 11688 | 11688 | RON | 50795 | 50795 | 50795 |  | 24 | 24 |  | 0 |
|  |  | 02/2026  | 2040 | 2040 | EGP | 100084 | 100084 | 100084 |  | 27 | 27 |  | 0 |
|  |  | 02/2026  | 274 | 274 | MXN | 5076 | 5076 | 5076 |  | 6 | 6 |  | 0 |
|  |  | 02/2026  | 620 | 620 | PEN | 2096 | 2096 | 2096 |  | 2 | 2 |  | 0 |
|  |  | 03/2026  | 286 | 286 | $ | $15 | 15 | 15 |  | 0 | 0 |  | (1) |
|  |  | 03/2026  | 3596 | 3596 |  | 1064 | 1064 | 1064 |  | 0 | 0 |  | (2) |
|  |  | 03/2026  | $1349 | 1349 | CLP | 1307002 | 1307002 | 1307002 |  | 105 | 105 |  | 0 |
|  |  | 03/2026  | 6500 | 6500 | MXN | 121663 | 121663 | 121663 |  | 208 | 208 |  | 0 |
|  |  | 03/2026  | 11 | 11 | PEN | 39 | 39 | 39 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | 765050 | 765050 | $ | $214 | 214 | 214 |  | 6 | 6 |  | 0 |
|  |  | 09/2026  | 162227 | 162227 |  | 2912 | 2912 | 2912 |  | 0 | 0 |  | (203) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | $682 | 682 | INR | 61488 | 61488 | 61488 |  | 1 | 1 |  | 0 |
|  |  | 01/2026  | 907 | 907 | TWD | 28071 | 28071 | 28071 |  | 0 | 0 |  | (13) |
|  |  | 03/2026  | 2806982 | 2806982 | $ | $2960 | 2960 | 2960 |  | 0 | 0 |  | (160) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 7660973 | 7660973 |  | 1949 | 1949 | 1949 |  | 0 | 0 |  | (61) |
|  |  | 01/2026  | $2160 | 2160 | PLN | 7915 | 7915 | 7915 |  | 45 | 45 |  | 0 |
|  |  | 01/2026  | 1536 | 1536 | TRY | 73225 | 73225 | 73225 |  | 165 | 165 |  | 0 |
|  |  | 01/2026  | 165 | 165 | ZAR | 2810 | 2810 | 2810 |  | 5 | 5 |  | 0 |
|  |  | 01/2026  | 127806 | 127806 | $ | $7349 | 7349 | 7349 |  | 0 | 0 |  | (358) |
|  |  | 02/2026  | 17114676 | 17114676 |  | 4570 | 4570 | 4570 |  | 125 | 125 |  | 0 |
|  |  | 02/2026  | $1282 | 1282 | ILS | 4171 | 4171 | 4171 |  | 28 | 28 |  | 0 |
|  |  | 03/2026  | 34981904 | 34981904 | $ | $8906 | 8906 | 8906 |  | 0 | 0 |  | (160) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**11828** | **11828** | **$** | $**(13909)** | **(13909)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost |  | Market<br>Value |
| BOA | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 03/11/2026 | 4258 | 4258 | 4258 | 19 | $ | $26 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 8600 | 8600 | 8600 | 13 |  | 5 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 13400 | 13400 | 13400 | 19 |  | 7 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 17.850 | 01/14/2026 | 6560 | 6560 | 6560 | 16 |  | 8 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1417.000 | 02/11/2026 | 2009 | 2009 | 2009 | 12 |  | 11 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/11/2026 | 2010 | 2010 | 2010 | 12 |  | 11 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/12/2026 | 2072 | 2072 | 2072 | 13 |  | 12 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 18.000 | 08/19/2026 | 11007 | 11007 | 11007 | 540 |  | 888 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1423.000 | 02/12/2026 | 698 | 698 | 698 | 4 |  | 5 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 2100 | 2100 | 2100 | 3 |  | 1 |
| JPM | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 16.600 | 02/11/2026 | 1044 | 1044 | 1044 | 209 |  | 569 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 8100 | 8100 | 8100 | 11 |  | 4 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 4600 | 4600 | 4600 | 7 |  | 2 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 02/10/2026 | 4011 | 4011 | 4011 | 17 |  | 20 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 23.900 | 06/02/2026 | 2788 | 2788 | 2788 | 11 |  | 9 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.410 | 02/04/2026 | 7586 | 7586 | 7586 | 116 |  | 50 |
|  |  |  |  |  |  |  |  |  |  |  | 1022 | $ | $1628 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| BOA | Call - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 3.670% | 3.670% | 02/05/2026 | 02/05/2026 | 31250 | $3 | $2 |
| DUB | Call - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 3.720 | 3.720 | 02/10/2026 | 02/10/2026 | 39300 | 3 | 3 |
|  |  |  |  |  |  |  |  |  |  | $6 | $5 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**1028** | $**1633** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 8600 | $(5) | $(3) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 13400 | (6) | (4) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1380.000 | 1380.000 | 02/11/2026 | 2009 | (4) | (3) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1382.000 | 1382.000 | 02/11/2026 | 2010 | (4) | (3) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1383.000 | 1383.000 | 02/12/2026 | 2072 | (4) | (3) |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 17.000 | 17.000 | 08/19/2026 | 22015 | (547) | (832) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1385.000 | 1385.000 | 02/12/2026 | 698 | (1) | (1) |
| GLM | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | TRY | TRY | 47.700 | 47.700 | 02/09/2026 | 3313 | (60) | (21) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 2100 | (1) | (1) |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/14/2026 | 8100 | (4) | (3) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 4600 | (2) | (1) |
| MYI | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.160 | 5.160 | 02/04/2026 | 7586 | (20) | (3) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  | 5.700 | 5.700 | 02/04/2026 | 7586 | (98) | (54) |
| UAG | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | TRY | TRY | 42.635 | 42.635 | 01/07/2026 | 3085 | (105) | 0 |
|  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  |  | 56.750 | 56.750 | 01/07/2026 | 3085 | (70) | 0 |
|  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  |  |  | 42.800 | 42.800 | 01/08/2026 | 4768 | (163) | (1) |
|  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  |  | 56.750 | 56.750 | 01/08/2026 | 4768 | (109) | (1) |
|  |  |  |  |  |  |  |  |  |  | $(1203) | $(934) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 4.170% | 4.170% | 02/05/2026 | 02/05/2026 | 31250 | $(3) | $(1) |
| DUB | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Receive | Receive | 6.885 | 6.885 | 02/04/2026 | 02/04/2026 | 13700 | (5) | (10) |
|  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Pay | Pay | 6.885 | 6.885 | 02/04/2026 | 02/04/2026 | 13700 | (5) | (1) |
|  | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Receive | Receive | 6.715 | 6.715 | 02/26/2026 | 02/26/2026 | 13100 | (4) | (6) |
|  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Pay | Pay | 6.715 | 6.715 | 02/26/2026 | 02/26/2026 | 13100 | (4) | (3) |
|  | Put - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 4.220 | 4.220 | 02/10/2026 | 02/10/2026 | 39300 | (3) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Receive | Receive | 4.275 | 4.275 | 02/26/2026 | 02/26/2026 | 1400 | (4) | (5) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Pay | Pay | 4.275 | 4.275 | 02/26/2026 | 02/26/2026 | 1400 | (4) | (2) |
| JPM | Call - OTC 5-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 7.350 | 7.350 | 02/04/2026 | 02/04/2026 | 15000 | (5) | 0 |
|  | Put - OTC 5-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 7.350 | 7.350 | 02/04/2026 | 02/04/2026 | 15000 | (5) | (14) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Receive | Receive | 4.385 | 4.385 | 02/04/2026 | 02/04/2026 | 1500 | (4) | (7) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Pay | Pay | 4.385 | 4.385 | 02/04/2026 | 02/04/2026 | 1500 | (4) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Receive | Receive | 4.450 | 4.450 | 02/20/2026 | 02/20/2026 | 1500 | (4) | (9) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Pay | Pay | 4.450 | 4.450 | 02/20/2026 | 02/20/2026 | 1500 | (4) | (1) |
|  |  |  |  |  |  |  |  |  |  | $(58) | $(61) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(1261)** | $**(995)** |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 8 | 20 | 35 | 38 | 51 | 55 | 72 | 76 | 82 | 90 | 119 | 133 | 141 | 156 | 164 | 183 | 189 | 203 | 212 |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000)% | (1.000)% | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 1.011% | $3500 | 3500 | $80 | 80 | $(80) | (80) | $0 | 0 | $0 |
|  | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 1.118 | 1900 | 1900 | 57 | 57 | (50) | (50) | 7 | 7 | 0 |
|  | Chile Government International Bonds  | Chile Government International Bonds  | Chile Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.330 | 100 | 100 | (2) | (2) | (1) | (1) | 0 | 0 | (3) |
| BRC | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 1.118 | 700 | 700 | 23 | 23 | (20) | (20) | 3 | 3 | 0 |
|  | Chile Government International Bonds  | Chile Government International Bonds  | Chile Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.239 | 1200 | 1200 | (23) | (23) | (3) | (3) | 0 | 0 | (26) |
|  | Chile Government International Bonds  | Chile Government International Bonds  | Chile Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.330 | 200 | 200 | (4) | (4) | (1) | (1) | 0 | 0 | (5) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2033 | 12/20/2033 | 12/20/2033 | 0.944 | 4100 | 4100 | (10) | (10) | (7) | (7) | 0 | 0 | (17) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2034 | 06/20/2034 | 06/20/2034 | 0.977 | 1200 | 1200 | (10) | (10) | 8 | 8 | 0 | 0 | (2) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2034 | 12/20/2034 | 12/20/2034 | 1.007 | 1110 | 1110 | (4) | (4) | 4 | 4 | 0 | 0 | 0 |
| GST | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | 12/20/2035 | 1.056 | 200 | 200 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $107 | 107 | $(149) | (149) | $11 | 11 | $(53) |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | Peru Government International Bonds  | Peru Government International Bonds  | Peru Government International Bonds  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.560% | $100 | 100 | $1 | 1 | $1 | 1 | $2 | 2 | $0 |
| BPS | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 0.398 | 600 | 600 | 1 | 1 | 6 | 6 | 7 | 7 | 0 |
| BRC | Peru Government International Bonds  | Peru Government International Bonds  | Peru Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.560 | 200 | 200 | 1 | 1 | 2 | 2 | 3 | 3 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 0.622 | 9600 | 9600 | 135 | 135 | 18 | 18 | 153 | 153 | 0 |
| CBK | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.312 | 3700 | 3700 | (21) | (21) | 59 | 59 | 38 | 38 | 0 |
|  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 1.757 | 200 | 200 | (2) | (2) | 0 | 0 | 0 | 0 | (2) |
| GST | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 5.525 | 405 | 405 | (50) | (50) | 48 | 48 | 0 | 0 | (2) |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.204 | 400 | 400 | 0 | 0 | 2 | 2 | 2 | 2 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.674 | 400 | 400 | 6 | 6 | 0 | 0 | 6 | 6 | 0 |
| JPM | State Oil Company of Azerbaijan  | State Oil Company of Azerbaijan  | State Oil Company of Azerbaijan  | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.635 | 200 | 200 | 2 | 2 | 1 | 1 | 3 | 3 | 0 |
| MYC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 5.525 | 350 | 350 | (28) | (28) | 26 | 26 | 0 | 0 | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $45 | 45 | $163 | 163 | $214 | 214 | $(6) |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Pay | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(7)</sup> | Maturity<br>Date<sup>(7)</sup> |  | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) |  | Unrealized<br>Appreciation/(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Floating rate equal to 1-Day KRW-SOFR less 0.394% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2029 | 03/18/2029 | KRW | 5114470 | 5114470 | 3706 | $ | (28) | $ | (4) | $ | 0 | $ | (32) |
| &nbsp;&nbsp; BRC | &nbsp;&nbsp; BRC | Floating rate equal to 1-Day INR-SOFR Compounded-OIS plus 0.640% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | INR | 404660 | 404660 | 4512 |  | 50 |  | (4) |  | 46 |  | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 8 | 18 | 20 | 38 | 50 | 55 | 72 | 76 | 82 | 84 | 101 | 108 | 115 | 142 | 156 | 165 | 171 | 190 | 203 | 213 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | $ | $2069 | 2069 | IDR | IDR | 34566950 | (7) |  | (19) | (19) | 0 |  | (26) |
|  |  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | IDR | 20979880 | 20979880 | $ | $ | $1250 | 5 |  | 8 | 8 | 13 |  | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS plus 0.638% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS plus 0.638% based on the notional amount of currency received  | Floating rate equal to 1-Day PHP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | $ | $4476 | 4476 | PHP | PHP | 255678 | (32) |  | 14 | 14 | 0 |  | (18) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12) | $ | (5) | (5) | 59 | $ | (76) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 7.728% | 7.728% | Maturity | Maturity | Maturity | 01/04/2027 | 01/04/2027 | BRL | 21000 | $0 | 0 | $(530) | (530) | $0 | 0 | $(530) |
|  |  | Pay | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.265 | 3.265 | Semi-Annual | Semi-Annual | Semi-Annual | 06/14/2029 | 06/14/2029 | CLP | 473800 | 0 | 0 | (23) | (23) | 0 | 0 | (23) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | (553) | (553) | 0 | 0 | (553) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **140** | **140** | **(544)** | **(544)** | **284** | **284** | **(688)** |
| **(o)** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,293 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(6)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(7)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Azerbaijan | Azerbaijan | Azerbaijan |
| Corporate Bonds & Notes | $4433 | $4433 |
| Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | 4416 | 4416 |
| Loan Participations and Assignments | 0 | 26 |
| Sovereign Issues | 118378 | 118378 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 400 | 400 |
| Convertible Bonds & Notes | 16 | 47 |
| Corporate Bonds & Notes | 757 | 2172 |
| Loan Participations and Assignments | 0 | 1401 |
| Chile | Chile | Chile |
| Sovereign Issues | 12834 | 12834 |
| China | China | China |
| Common Stocks | 25 | 25 |
| Sovereign Issues | 3651 | 3651 |
| Colombia | Colombia | Colombia |
| Sovereign Issues | 36619 | 36619 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 1808 | 1808 |
| Czech Republic | Czech Republic | Czech Republic |
| Sovereign Issues | 3221 | 3221 |
| Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 18374 | 18374 |
| Ecuador | Ecuador | Ecuador |
| Sovereign Issues | 1936 | 1936 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 12920 | 12920 |
| Germany | Germany | Germany |
| Corporate Bonds & Notes | 0 | 3696 |
| Loan Participations and Assignments | 2116 | 2116 |
| Ghana | Ghana | Ghana |
| Sovereign Issues | 1503 | 1503 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 1871 | 1871 |
| Indonesia | Indonesia | Indonesia |
| Sovereign Issues | 320 | 320 |
| Ireland | Ireland | Ireland |
| Corporate Bonds & Notes | 598 | 598 |
| Loan Participations and Assignments | 0 | 3062 |
| Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | 0 | 3168 |
| Sovereign Issues | 685 | 685 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 4310 | 4310 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 6918 | 6918 |
| Malaysia | Malaysia | Malaysia |
| Sovereign Issues | 71722 | 71722 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 36171 | 36171 |
| Netherlands | Netherlands | Netherlands |
| Loan Participations and Assignments | 0 | 1400 |
| Paraguay | Paraguay | Paraguay |
| Sovereign Issues | 4002 | 4002 |
| Peru | Peru | Peru |
| Corporate Bonds & Notes | 7491 | 7491 |
| Sovereign Issues | 18126 | 18126 |
| Philippines | Philippines | Philippines |
| Sovereign Issues | 23354 | 23354 |
| Poland | Poland | Poland |
| Sovereign Issues | 25362 | 25362 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 7458 | 7458 |
| Romania | Romania | Romania |
| Sovereign Issues | 533 | 533 |
| Serbia | Serbia | Serbia |
| Loan Participations and Assignments | 0 | 1162 |
| Sovereign Issues | 1877 | 1877 |
| South Africa | South Africa | South Africa |
| Corporate Bonds & Notes | 6009 | 6009 |
| Loan Participations and Assignments | 0 | 1120 |
| Sovereign Issues | 38344 | 38344 |
| Supranational | Supranational | Supranational |
| Corporate Bonds & Notes | 6370 | 6370 |
| Thailand | Thailand | Thailand |
| Sovereign Issues | 1720 | 1720 |
| Turkey | Turkey | Turkey |
| Loan Participations and Assignments | 0 | 4127 |
| Sovereign Issues | 11201 | 11201 |
| Uganda | Uganda | Uganda |
| Sovereign Issues | 354 | 354 |
| Ukraine | Ukraine | Ukraine |

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<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 13 | 52 | 75 | 83 | 92 | 97 | 106 | 118 | 137 | 148 | 159 | 171 | 187 | 210 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 864 | 864 | 0 | 0 |  | 864 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 5174 | 5174 | 5297 | 5297 |  | 10471 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 2396 | 2396 | 0 | 0 |  | 2396 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 0 | 4690 | 4690 | 0 | 0 |  | 4690 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 7582 | 7582 | 0 | 0 |  | 7582 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 0 | 0 | 10040 | 10040 |  | 10040 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 3748 | 3748 | 804 | 804 |  | 4552 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 2800 | 2800 | 0 | 0 |  | 2800 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 2148 | 2148 | 0 | 0 |  | 2148 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 597 | 597 | 0 | 0 |  | 597 |  |
| Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 1922 | 1922 | 0 | 0 |  | 1922 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 360 | 360 | 0 | 0 |  | 360 |  |
| Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 567 | 567 | 0 | 0 |  | 567 |  |
| Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 601 | 601 | 0 | 0 |  | 601 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 0 | 1811 | 1811 | 0 | 0 |  | 1811 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 0 | 3900 | 3900 | 0 | 0 |  | 3900 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 0 | 16169 | 16169 | 0 | 0 |  | 16169 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 0 | 0 | 10130 | 10130 | 0 | 0 |  | 10130 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 | 5091 | 5091 | 0 | 0 |  | 5091 |  |
|  |  |  |  | $0 | 0 | 0 | 0 | $568753 | 568753 | $36749 | 36749 | $ | 605502 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $58599 | 58599 | 58599 | 58599 | $0 | 0 | $0 | 0 | $ | 58599 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $58599 | 58599 | 58599 | 58599 | $568753 | 568753 | $36749 | 36749 | $ | 664101 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 0 | 546 | 546 | 0 | 0 |  | 546 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 13745 | 13745 | 0 | 0 |  | 13745 |  |
|  |  |  |  | $0 | 0 | 0 | 0 | $14291 | 14291 | $0 | 0 | $ | 14291 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (1) | (1) | (1) | (1) | (708) | (708) | 0 | 0 |  | (709) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (15592) | (15592) | 0 | 0 |  | (15592) |  |
|  |  |  |  | $(1) | (1) | (1) | (1) | $(16300) | (16300) | $0 | 0 | $ | (16301) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(1) | (1) | (1) | (1) | $(2009) | (2009) | $0 | 0 | $ | (2010) |  |
| Totals | Totals | Totals | Totals | $58598 | 58598 | 58598 | 58598 | $566744 | 566744 | $36749 | 36749 | $ | 662091 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Brazil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | $26 | $0 | $ | 59 | $ | $0 | $ | (59) | $0 | 0 | $0 | 0 | $26 | $(59) |
| Cayman Islands<sup>(2)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Convertible Bonds & Notes | 0 | 0 |  | 8 |  | 0 |  | (6) | 0 | 0 | 0 | 0 | 31 | (6) |
| Corporate Bonds & Notes | 0 | 0 |  | 0 |  | 0 |  | 11 | 0 | 0 | 0 | 0 | 1415 | 11 |
| Loan Participations and Assignments | 1367 | 0 |  | 0 |  | 0 |  | 34 | 0 | 0 | 0 | 0 | 1401 | 34 |
| Germany |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 3904 | 0 |  | 0 |  | 0 |  | (208) | 0 | 0 | 0 | 0 | 3696 | (208) |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 2806 | 0 |  | 2 |  | 0 |  | 254 | 0 | 0 | 0 | 0 | 3062 | 254 |
| Ivory Coast |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 3724 | (874) |  | 5 |  | (26) |  | 339 | 0 | 0 | 0 | 0 | 3168 | 265 |
| Netherlands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Currency and Short-Term Investments Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 12 | 13 | 32 | 44 | 48 | 52 | 81 | 97 | 112 | 159 | 172 | 187 | 207 | 210 |
|  | Loan Participations and Assignments |  | 1379 | 0 |  |  | 0 | 8 | 0 | 13 | 0 | 0 | 1400 |  | 13 |
| Serbia | Serbia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loan Participations and Assignments |  | 0 | 1165 |  |  | 0 | 1 | 0 | (4) | 0 | 0 | 1162 |  | (4) |
| South Africa | South Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loan Participations and Assignments |  | 1199 | 0 |  |  | (210) | 3 | 15 | 113 | 0 | 0 | 1120 |  | 119 |
| Turkey | Turkey |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loan Participations and Assignments |  | 1073 | 0 |  |  | 0 | (1) | 0 | 110 | 0 | 0 | 4127 |  | 109 |
| United Kingdom | United Kingdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Corporate Bonds & Notes |  | 1924 | 5120 |  |  | (2133) | 150 | (47) | 283 | 0 | 0 | 5297 |  | 177 |
| United States | United States |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loan Participations and Assignments |  | 0 | 10025 |  |  | 0 | 0 | 0 | 15 | 0 | 0 | 10040 |  | 15 |
|  | Non-Agency Mortgage-Backed Securities |  | 783 | 0 |  |  | 0 | 0 | 0 | 21 | 0 | 0 | 804 |  | 21 |
| Totals | Totals | $18185 | 18185 | 17743 | $ | $ | $(3217) | $235 | $(58) | $916 | $0 | 0 | 36749 | $ | 741 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $26 | 26 | 26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | -  | -  | —  | —  |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
|  | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | 31 | 31 | 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 16.000 - 21.500  | 16.000 - 21.500  | 16.757  | 16.757  |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 1415 | 1415 | 1415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.429  | 5.429  | —  | —  |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1401 | 1401 | 1401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.597  | 6.597  | —  | —  |
| Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 3696 | 3696 | 3696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.495  | 7.495  | —  | —  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 3062 | 3062 | 3062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939  | 3.939  | —  | —  |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 3168 | 3168 | 3168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.177  | 6.177  | —  | —  |
| Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1400 | 1400 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.436  | 7.436  | —  | —  |
| Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1162 | 1162 | 1162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 9.069  | 9.069  | —  | —  |
| South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1120 | 1120 | 1120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.101  | 10.101  | —  | —  |
| Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1181 | 1181 | 1181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.834  | 4.834  | —  | —  |
|  |  |  |  | 2946 | 2946 | 2946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250  | 100.250  | —  | —  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 5297 | 5297 | 5297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 99.972 - 100.000  | 99.972 - 100.000  | 99.993  | 99.993  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |
|  | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 10040 | 10040 | 10040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.396  | 100.396  | —  | —  |
|  | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 804 | 804 | 804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.309  | 6.309  | —  | —  |
| Total | Total | Total | Total | $36749 | 36749 | 36749 |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(2)</sup> | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. | Country updated from United States to Cayman Islands since prior fiscal year end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 24.7% ¤** |  |  |
| **ANGOLA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Angola Government International Bonds** <br>9.244% due 01/15/2031 | $500 | $504 |
| Total Angola (Cost $479) |  | 504 |
| **ARGENTINA 0.9%**  |  |  |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Argentina Republic Government International Bonds** <br>3.500% due 07/09/2041 þ | $1400 | 972 |
| **Provincia de Buenos Aires/Government Bonds** <br>6.625% due 09/01/2037 þ | 1286 | 990 |
| Total Argentina (Cost $1,957) |  | 1962 |
| **BRAZIL 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **CSN Resources SA** <br>4.625% due 06/10/2031 | $600 | 462 |
| Total Brazil (Cost $469) |  | 462 |
| **CAMEROON 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Republic of Cameroon International Bonds** <br>9.500% due 07/31/2031 | $500 | 499 |
| Total Cameroon (Cost $472) |  | 499 |
| **CAYMAN ISLANDS 1.0%**  |  |  |
| **CONVERTIBLE BONDS & NOTES 0.1%**  |  |  |
| **CIFI Holdings Group Co. Ltd.** <br>0.000% due 06/30/2029 «(c)(i) | $484 | 35 |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (c)  | 50 | 1 |
| 0.000% due 12/31/2027 (c)  | 63 | 1 |
| 0.000% due 12/31/2028 (c)  | 100 | 1 |
| 0.000% due 12/31/2029 (c)  | 100 | 1 |
| 0.000% due 12/31/2030 (c)  | 125 | 0 |
| 0.000% due 12/31/2031 (c)  | 125 | 0 |
| 0.000% due 12/31/2032 (c)  | 236 | 2 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(c)  | 577 | 92 |
| 0.000% due 06/23/2028 «(c)  | 69 | 15 |
|  |  | 148 |
| **CORPORATE BONDS & NOTES 0.9%**  |  |  |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 11 | 1 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 84 | 2 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 141 | 3 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 170 | 3 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 256 | 4 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 241 | 4 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 58 | 1 |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1500 | 1769 |
|  |  | 1787 |
| Total Cayman Islands (Cost $2,096) |  | 1935 |
| **CHILE 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 115000 | 126 |
| 5.800% due 10/01/2029  | 470000 | 535 |
| Total Chile (Cost $625) |  | 661 |
| **CHINA 0.0%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (b)** | 744350 | 9 |
| Total China (Cost $0) |  | 9 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **COLOMBIA 12.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Ecopetrol SA** <br>5.875% due 05/28/2045 | $1900 | 1415 |
| **SOVEREIGN ISSUES 11.6%**  |  |  |
| **Colombia TES**  |  |  |
| 2.250% due 04/18/2029 (f)  | 1906232 | 446 |
| 11.000% due 08/22/2029  | 29235800 | 7317 |
| 11.750% due 01/24/2035  | 20878200 | 5148 |
| 12.750% due 11/28/2040  | 22126900 | 5745 |
| 13.250% due 02/09/2033  | 19153800 | 5139 |
|  |  | 23795 |
| Total Colombia (Cost $24,878) |  | 25210 |
| **COSTA RICA 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 1000 | 1205 |
| Total Costa Rica (Cost $1,164) |  | 1205 |
| **ECUADOR 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Ecuador Government International Bonds** <br>6.900% due 07/31/2035 þ | $1200 | 1061 |
| Total Ecuador (Cost $948) |  | 1061 |
| **IVORY COAST 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Ivory Coast Government International Bonds** <br>8.075% due 04/01/2036 | $900 | 974 |
| Total Ivory Coast (Cost $926) |  | 974 |
| **KAZAKHSTAN 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 498500 | 1021 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Kazakhstan (Cost $920) |  | 1021 |
| **LUXEMBOURG 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Poinsettia Finance Ltd. SARL** <br>6.625% due 06/17/2031 | $577 | 567 |
| Total Luxembourg (Cost $566) |  | 567 |
| **PERU 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Petroleos del Peru SA** <br>5.625% due 06/19/2047 | $2000 | 1273 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Peru Government International Bonds** <br>6.950% due 08/12/2031 | 1761 | 582 |
| Total Peru (Cost $1,930) |  | 1856 |
| **ROMANIA 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Romania Government International Bonds** <br>5.625% due 05/30/2037 | 900 | 1031 |
| Total Romania (Cost $1,008) |  | 1031 |
| **SENEGAL 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Senegal Government International Bonds** <br>4.750% due 03/13/2028 | 500 | 409 |
| Total Senegal (Cost $488) |  | 409 |
| **SOUTH AFRICA 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 25200 | 1588 |
| Total South Africa (Cost $1,538) |  | 1588 |
| **UKRAINE 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(e)  | $900 | 536 |
| 0.000% due 02/01/2034 þ(e)  | 1100 | 525 |
| 0.000% due 02/01/2035 þ(e)  | 900 | 513 |
| 0.000% due 02/01/2036 þ(e)  | 900 | 511 |
| Total Ukraine (Cost $2,064) |  | 2085 |
| **UNITED STATES 3.3%**  |  |  |
| **U.S. GOVERNMENT AGENCIES 3.3%**  |  |  |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | $1600 | 1517 |
| 4.500% due 02/01/2056 | 1600 | 1561 |
| 5.000% due 02/01/2056 | 1700 | 1694 |
| 5.500% due 02/01/2056 | 2000 | 2026 |
|  |  | 6798 |
| Total United States (Cost $6,800) |  | 6798 |
| **ZAMBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Zambia Government International Bonds** <br>0.500% due 12/31/2053 | $200 | 141 |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Zambia (Cost $143) |  | 141 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (h) | 432450 | 432 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 3.630% due 04/21/2026 (c)(d)(l) | $334 | 330 |
| Total Short-Term Instruments (Cost $763) |  | 762 |
| Total Investments in Securities (Cost $50,234) |  | 50739 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 76.1%**  |  |  |
| **UNITED STATES 73.3%**  |  |  |
| **MUTUAL FUNDS (g) 73.3%** |  |  |
| **PIMCO Emerging Markets Bond Fund**  | 1946434 | 17713 |
| **PIMCO Emerging Markets Corporate Bond Fund**  | 4819704 | 45064 |
| **PIMCO Emerging Markets Local Currency and Bond Fund**  | 13800110 | 88183 |
|  |  | 150960 |
| Total United States (Cost $136,212) |  | 150960 |
| **SHORT-TERM INSTRUMENTS 2.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.8%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 593607 | 5782 |
| Total Short-Term Instruments (Cost $5,781) |  | 5782 |
| Total Investments in Affiliates (Cost $141,993) |  | 156742 |
| Total Investments 100.8% (Cost $192,227) |  | $207481 |
| **Financial Derivative Instruments (j)(k) 0.1**%(Cost or Premiums, net $791) |  | 170 |
| Other Assets and Liabilities, net (0.9)% |  | (1866) |
| Net Assets 100.0% |  | $205785 |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(e)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(h)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(i)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description | Coupon | Coupon | Maturity<br>Date | Acquisition<br>Date | Cost | Cost |  | Market<br>Value | <br>Market Value<br>as Percentage<br>of Net Assets |
| CIFI Holdings Group Co. Ltd. | CIFI Holdings Group Co. Ltd. | CIFI Holdings Group Co. Ltd. | CIFI Holdings Group Co. Ltd. | CIFI Holdings Group Co. Ltd. | CIFI Holdings Group Co. Ltd. | 0.000 | 0.000 | 06/30/2029 | 12/29/2025 | $35 | 35 | $ | 35 | 0.02% |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 12 | 2505 | 2 | 2 | 0 | 0 | (1) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 28 | 3061 | 0 | 0 | 0 | 0 | (3) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 280 | 31483 | (24) | (24) | 0 | 0 | (57) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 8 | 944 | (13) | (13) | 0 | 0 | (3) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(35)** | **$** | **0** | **$** | **(64)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Receive | Receive | 1-Day THB-THOR Compounded-OIS | 1.245% | Quarterly | 10/29/2030 | 10/29/2030 | THB | 269300 | 47 | (58) | (11) | (11) | 0 | $(2) |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 1-Day THB-THOR Compounded-OIS | 1.500 | Quarterly | 03/18/2031 | 03/18/2031 |  | 40000 | 13 | 3 | 16 | 16 | 0 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 12/17/2030 | $ | 32600 | 579 | (151) | 428 | 428 | 0 | (53) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 | 12/20/2030 |  | 6400 | 161 | (173) | (12) | (12) | 11 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 12/17/2055 |  | 8900 | 345 | 298 | 643 | 643 | 29 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 12.716 | Maturity | 01/02/2029 | 01/02/2029 | BRL | 52000 | 0 | (90) | (90) | (90) | 0 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 12.750 | Maturity | 01/02/2029 | 01/02/2029 |  | 20300 | 0 | (33) | (33) | (33) | 0 | 0 |
| Receive | Receive | 1-Year BRL-CDI | 12.780 | Maturity | 01/02/2029 | 01/02/2029 |  | 54400 | 9 | 71 | 80 | 80 | 0 | 0 |
| Receive | Receive | 1-Year BRL-CDI | 13.245 | Maturity | 01/02/2029 | 01/02/2029 |  | 28600 | (31) | 22 | (9) | (9) | 0 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.370 | Maturity | 01/02/2029 | 01/02/2029 |  | 54300 | 80 | (56) | 24 | 24 | 0 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 12.910 | Maturity | 01/02/2031 | 01/02/2031 |  | 43400 | 0 | (85) | (85) | (85) | 0 | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 03/18/2031 | 03/18/2031 | CNY | 17800 | 11 | 0 | 11 | 11 | 0 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 8.933 | Quarterly | Quarterly | 08/22/2029 | COP | 8553900 |  | 0 |  | 126 |  | 126 |  | 0 | 0 |  | (3) |
| Receive | Receive | 3-Month KRW-KORIBOR | 3-Month KRW-KORIBOR | 2.500 | Quarterly | Quarterly | 09/17/2030 | KRW | 3254300 |  | 42 |  | 22 |  | 64 |  | 0 | 0 |  | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 3-Month MYR-KLIBOR | 3-Month MYR-KLIBOR | 3.000 | Quarterly | Quarterly | 03/18/2031 | MYR | 7300 |  | (31) |  | 0 |  | (31) |  | 0 | 0 |  | 0 |
| Pay | Pay | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | 7.180 | Quarterly | Quarterly | 12/04/2030 | ZAR | 33600 |  | 41 |  | 8 |  | 49 |  | 2 | 2 |  | 0 |
| Receive | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.745 | Semi-Annual | Semi-Annual | 09/17/2030 | CLP | 2125300 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | (1) |
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.880 | Annual | Annual | 11/03/2030 | CZK | 51900 |  | (2) |  | 11 |  | 9 |  | 5 | 5 |  | 0 |
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.018 | Annual | Annual | 11/25/2030 |  | 102700 |  | (10) |  | 56 |  | 46 |  | 11 | 11 |  | 0 |
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.049 | Annual | Annual | 12/12/2030 |  | 20800 |  | 6 |  | 5 |  | 11 |  | 2 | 2 |  | 0 |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.319 | Annual | Annual | 11/03/2030 | HUF | 899200 |  | 4 |  | 25 |  | 29 |  | 8 | 8 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.415 | Lunar | Lunar | 11/18/2030 | MXN | 26800 |  | (17) |  | (1) |  | (18) |  | 2 | 2 |  | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**1247** | **1247** | $**0** | **0** | $**1247** | **1247** | $**70** | **70** | **70** | $**(59)** | **(59)** |
| **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,571 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | COP | 2041482 | 2041482 | 2041482 | $ | $534 | 534 | 534 | 0 | 0 | 0 | 0 | $0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $410 | 410 | 410 | EUR | 347 | 347 | 347 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 194 | 194 | 194 | KRW | 284334 | 284334 | 284334 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 38 | 38 | 38 | NGN | 58252 | 58252 | 58252 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 402 | 402 | 402 | TRY | 17469 | 17469 | 17469 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 1572398 | 1572398 | 1572398 | $ | $412 | 412 | 412 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | KRW | 261643 | 261643 | 261643 |  | 180 | 180 | 180 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $2512 | 2512 | 2512 | NGN | 3806740 | 3806740 | 3806740 | 113 | 113 | 113 | 113 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | COP | 9678045 | 9678045 | 9678045 | $ | $2519 | 2519 | 2519 | 24 | 24 | 24 | 24 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 2214 | 2214 | 2214 |  | 657 | 657 | 657 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $600 | 600 | 600 | TRY | 29298 | 29298 | 29298 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | EUR | 1523 | 1523 | 1523 | $ | $1786 | 1786 | 1786 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $2427 | 2427 | 2427 | IDR | 40592604 | 40592604 | 40592604 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 1425 | 1425 | 1425 | CZK | 29657 | 29657 | 29657 | 19 | 19 | 19 | 19 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ARS | 1833836 | 1833836 | 1833836 | $ | $1106 | 1106 | 1106 | 64 | 64 | 64 | 64 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | MYR | 5702 | 5702 | 5702 |  | 1389 | 1389 | 1389 | 0 | 0 | 0 | 0 | (18) | (18) | (18) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1225 | 1225 | 1225 | MYR | 4980 | 4980 | 4980 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1021 | 1021 | 1021 | THB | 31751 | 31751 | 31751 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1982 | 1982 | 1982 | TRY | 88224 | 88224 | 88224 | 59 | 59 | 59 | 59 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 571 | 571 | 571 | ZAR | 9890 | 9890 | 9890 | 25 | 25 | 25 | 25 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 341 | 341 | 341 | TRY | 15676 | 15676 | 15676 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | 01/2026  | BRL | 800 | 800 | 800 | $ | $145 | 145 | 145 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $144 | 144 | 144 | BRL | 800 | 800 | 800 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 206 | 206 | 206 | JPY | 32045 | 32045 | 32045 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | BRL | 806 | 806 | 806 | $ | $144 | 144 | 144 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CLP | 1320643 | 1320643 | 1320643 |  | 1408 | 1408 | 1408 | 0 | 0 | 0 | 0 | (60) | (60) | (60) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | COP | 68164709 | 68164709 | 68164709 |  | 17846 | 17846 | 17846 | 60 | 60 | 60 | 60 | (73) | (73) | (73) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 52 | 52 | 52 |  | 61 | 61 | 61 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1223 | 1223 | 1223 | CNY | 8606 | 8606 | 8606 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1855 | 1855 | 1855 | COP | 6991495 | 6991495 | 6991495 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 4160 | 4160 | 4160 | EUR | 3546 | 3546 | 3546 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1737 | 1737 | 1737 | INR | 154667 | 154667 | 154667 | 0 | 0 | 0 | 0 | (20) | (20) | (20) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 408 | 408 | 408 | RON | 1764 | 1764 | 1764 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 265 | 265 | 265 | UYU | 10440 | 10440 | 10440 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 1539028 | 1539028 | 1539028 | $ | $404 | 404 | 404 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $50 | 50 | 50 | EGP | 2462 | 2462 | 2462 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 265 | 265 | 265 | UYU | 10475 | 10475 | 10475 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CLP | 513621 | 513621 | 513621 | $ | $551 | 551 | 551 | 0 | 0 | 0 | 0 | (20) | (20) | (20) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $265 | 265 | 265 | UYU | 10507 | 10507 | 10507 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 4031 | 4031 | 4031 | VND | 107869560 | 107869560 | 107869560 | 30 | 30 | 30 | 30 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 47 | 47 | 47 | NGN | 73910 | 73910 | 73910 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 11/2026  | 11/2026  | 11/2026  | NGN | 77615 | 77615 | 77615 | $ | $48 | 48 | 48 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 01/2026  | 01/2026  | GBP | 1510 | 1510 | 1510 |  | 1983 | 1983 | 1983 | 0 | 0 | 0 | 0 | (52) | (52) | (52) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $103 | 103 | 103 | ILS | 329 | 329 | 329 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 711 | 711 | 711 | ZAR | 12222 | 12222 | 12222 | 26 | 26 | 26 | 26 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 9681 | 9681 | 9681 | $ | $577 | 577 | 577 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 329 | 329 | 329 |  | 103 | 103 | 103 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  | 01/2026  | COP | 6245120 | 6245120 | 6245120 |  | 1640 | 1640 | 1640 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 1225 | 1225 | 1225 |  | 379 | 379 | 379 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | MYR | 550 | 550 | 550 |  | 134 | 134 | 134 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 64240 | 64240 | 64240 |  | 2018 | 2018 | 2018 | 0 | 0 | 0 | 0 | (23) | (23) | (23) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1221 | 1221 | 1221 | IDR | 20496039 | 20496039 | 20496039 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1003 | 1003 | 1003 | MYR | 4096 | 4096 | 4096 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 527 | 527 | 527 | ZAR | 9088 | 9088 | 9088 | 21 | 21 | 21 | 21 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 21 | 21 | 21 | HUF | 6906 | 6906 | 6906 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 1950 | 1950 | 1950 | MXN | 36673 | 36673 | 36673 | 80 | 80 | 80 | 80 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 03/2026  | 92 | 92 | $ | $17 | 17 | 17 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | $3049 | 3049 | BRL | 16892 | 16892 | 16892 |  | 0 | 0 | 0 |  | (6) |
|  |  | 03/2026  | 1938 | 1938 | CLP | 1793763 | 1793763 | 1793763 |  | 56 | 56 | 56 |  | 0 |
|  |  | 03/2026  | 2359 | 2359 | TRY | 107260 | 107260 | 107260 |  | 29 | 29 | 29 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 1023 | 1023 | PLN | 3659 | 3659 | 3659 |  | 0 | 0 | 0 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 7016 | 7016 | $ | $997 | 997 | 997 |  | 0 | 0 | 0 |  | (4) |
|  |  | 01/2026  | 22085 | 22085 |  | 2842 | 2842 | 2842 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 2001 | 2001 |  | 614 | 614 | 614 |  | 0 | 0 | 0 |  | (14) |
|  |  | 01/2026  | 987604 | 987604 |  | 688 | 688 | 688 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | $249 | 249 | INR | 22186 | 22186 | 22186 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 495 | 495 | PLN | 1832 | 1832 | 1832 |  | 16 | 16 | 16 |  | 0 |
|  |  | 01/2026  | 194 | 194 | ZAR | 3331 | 3331 | 3331 |  | 7 | 7 | 7 |  | 0 |
|  |  | 02/2026  | 9129 | 9129 | $ | $200 | 200 | 200 |  | 0 | 0 | 0 |  | (5) |
|  |  | 02/2026  | $688 | 688 | KRW | 986308 | 986308 | 986308 |  | 0 | 0 | 0 |  | (4) |
|  |  | 02/2026  | 26 | 26 | NGN | 39867 | 39867 | 39867 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 696 | 696 | $ | $495 | 495 | 495 |  | 0 | 0 | 0 |  | (13) |
|  |  | 01/2026  | 975 | 975 |  | 20 | 20 | 20 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 1011 | 1011 |  | 1173 | 1173 | 1173 |  | 0 | 0 | 0 |  | (15) |
|  |  | 01/2026  | 150345 | 150345 |  | 1667 | 1667 | 1667 |  | 0 | 0 | 0 |  | (2) |
|  |  | 01/2026  | 7744 | 7744 |  | 5968 | 5968 | 5968 |  | 0 | 0 | 0 |  | (60) |
|  |  | 01/2026  | $156 | 156 | EGP | 7653 | 7653 | 7653 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | 2089 | 2089 | EUR | 1776 | 1776 | 1776 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 1214 | 1214 | INR | 109457 | 109457 | 109457 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 9 | 9 | JPY | 1374 | 1374 | 1374 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 0 | 0 | EGP | 6 | 6 | 6 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 23 | 23 |  | 1205 | 1205 | 1205 |  | 1 | 1 | 1 |  | 0 |
|  |  | 05/2026  | 429 | 429 |  | 21846 | 21846 | 21846 |  | 9 | 9 | 9 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 03/2026  | 755 | 755 | $ | $42 | 42 | 42 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | 03/2026  | $498 | 498 | CZK | 10236 | 10236 | 10236 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 410 | 410 | EGP | 20228 | 20228 | 20228 |  | 13 | 13 | 13 |  | 0 |
|  |  | 01/2026  | 4038 | 4038 | IDR | 67519523 | 67519523 | 67519523 |  | 6 | 6 | 6 |  | 0 |
|  |  | 01/2026  | 160 | 160 | JPY | 24858 | 24858 | 24858 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 144 | 144 | NGN | 219938 | 219938 | 219938 |  | 8 | 8 | 8 |  | 0 |
|  |  | 02/2026  | 27347 | 27347 | $ | $83 | 83 | 83 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | $45 | 45 | NGN | 69075 | 69075 | 69075 |  | 2 | 2 | 2 |  | 0 |
|  |  | 04/2026  | 549 | 549 | EGP | 28272 | 28272 | 28272 |  | 24 | 24 | 24 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 370 | 370 | EUR | 320 | 320 | 320 |  | 6 | 6 | 6 |  | 0 |
|  |  | 01/2026  | 595 | 595 | JPY | 92991 | 92991 | 92991 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 480 | 480 | KRW | 702719 | 702719 | 702719 |  | 7 | 7 | 7 |  | 0 |
|  |  | 01/2026  | 507 | 507 | RON | 2203 | 2203 | 2203 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | 238 | 238 | EGP | 11743 | 11743 | 11743 |  | 4 | 4 | 4 |  | 0 |
|  |  | 03/2026  | 51 | 51 | $ | $3 | 3 | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 2 | 2 |  | 1 | 1 | 1 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | $996 | 996 | MXN | 18662 | 18662 | 18662 |  | 33 | 33 | 33 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 804 | 804 | $ | $151 | 151 | 151 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | $500 | 500 | CAD | 691 | 691 | 691 |  | 4 | 4 | 4 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 993 | 993 | ZAR | 17265 | 17265 | 17265 |  | 48 | 48 | 48 |  | 0 |
|  |  | 02/2026  | 50260 | 50260 | $ | $1100 | 1100 | 1100 |  | 0 | 0 | 0 |  | (27) |
|  |  | 02/2026  | $512 | 512 | COP | 1918888 | 1918888 | 1918888 |  | 0 | 0 | 0 |  | (14) |
|  |  | 03/2026  | 554798 | 554798 | $ | $596 | 596 | 596 |  | 0 | 0 | 0 |  | (20) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**902** | **902** | **902** | **$** | $**(508)** | **(508)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1417.000 | 02/11/2026 | 1198 | 1198 | 1198 | $7 | 7 | $ | $6 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/11/2026 | 1198 | 1198 | 1198 | 7 | 7 |  | 7 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/12/2026 | 1236 | 1236 | 1236 | 8 | 8 |  | 7 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1423.000 | 02/12/2026 | 416 | 416 | 416 | 3 | 3 |  | 3 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**25** | **25** | **$** | $**23** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | TRY | TRY | 55.000 | 05/11/2026 | 1986 | 1986 | 1986 | $(25) | (25) | $ | $(33) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1380.000 | 02/11/2026 | 1198 | 1198 | 1198 | (2) | (2) |  | (2) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1382.000 | 02/11/2026 | 1198 | 1198 | 1198 | (2) | (2) |  | (2) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1383.000 | 02/12/2026 | 1236 | 1236 | 1236 | (3) | (3) |  | (2) |
|  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | TRY | TRY | 46.200 | 05/11/2026 | 1986 | 1986 | 1986 | (53) | (53) |  | (32) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1385.000 | 02/12/2026 | 416 | 416 | 416 | (1) | (1) |  | (1) |
| GLM | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | TRY | TRY | 47.700 | 02/09/2026 | 1986 | 1986 | 1986 | (36) | (36) |  | (12) |
| JPM | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  |  |  | 52.600 | 02/19/2026 | 3500 | 3500 | 3500 | (40) | (40) |  | (16) |
| UAG | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  |  |  | 52.600 | 02/23/2026 | 20000 | 20000 | 20000 | (232) | (232) |  | (100) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(394)** | **(394)** | **$** | $**(200)** |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BPS | BPS | Brazil Government International Bonds  | 1.000% | Quarterly | 12/20/2028 | 0.868% | $2000 | $(85) | $93 | 93 | $8 | $0 |
| CBK | CBK | Petroleos Mexicanos  | 1.000 | Quarterly | 12/20/2026 | 1.757 | 200 | (2) | 0 | 0 | 0 | (2) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(87)** | $**93** | **93** | $**8** | $**(2)** |
| **(l)** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $330 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Emerging Markets Full Spectrum Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Angola | Angola | Angola | Angola | Angola |
| Sovereign Issues | $0 | $504 | $0 | $504 |
| Argentina | Argentina | Argentina | Argentina | Argentina |
| Sovereign Issues | 0 | 1962 | 0 | 1962 |
| Brazil | Brazil | Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | 0 | 462 | 0 | 462 |
| Cameroon | Cameroon | Cameroon | Cameroon | Cameroon |
| Sovereign Issues | 0 | 499 | 0 | 499 |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Convertible Bonds & Notes | 0 | 6 | 142 | 148 |
| Corporate Bonds & Notes | 0 | 18 | 1769 | 1787 |
| Chile | Chile | Chile | Chile | Chile |
| Sovereign Issues | 0 | 661 | 0 | 661 |
| China | China | China | China | China |
| Common Stocks | 0 | 9 | 0 | 9 |
| Colombia | Colombia | Colombia | Colombia | Colombia |
| Corporate Bonds & Notes | 0 | 1415 | 0 | 1415 |
| Sovereign Issues | 0 | 23795 | 0 | 23795 |
| Costa Rica | Costa Rica | Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 0 | 1205 | 0 | 1205 |
| Ecuador | Ecuador | Ecuador | Ecuador | Ecuador |
| Sovereign Issues | 0 | 1061 | 0 | 1061 |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
| Sovereign Issues | 0 | 974 | 0 | 974 |
| Kazakhstan | Kazakhstan | Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 0 | 1021 | 0 | 1021 |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Corporate Bonds & Notes | 0 | 567 | 0 | 567 |
| Peru | Peru | Peru | Peru | Peru |
| Corporate Bonds & Notes | 0 | 1273 | 0 | 1273 |
| Sovereign Issues | 0 | 583 | 0 | 583 |
| Romania | Romania | Romania | Romania | Romania |
| Sovereign Issues | 0 | 1031 | 0 | 1031 |
| Senegal | Senegal | Senegal | Senegal | Senegal |
| Sovereign Issues | 0 | 409 | 0 | 409 |
| South Africa | South Africa | South Africa | South Africa | South Africa |
| Sovereign Issues | 0 | 1588 | 0 | 1588 |
| Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |
| Sovereign Issues | 0 | 2085 | 0 | 2085 |
| United States | United States | United States | United States | United States |
| U.S. Government Agencies | 0 | 6798 | 0 | 6798 |
| Zambia | Zambia | Zambia | Zambia | Zambia |
| Sovereign Issues | 0 | 141 | 0 | 141 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 432 | 0 | 432 |
| U.S. Treasury Bills | 0 | 330 | 0 | 330 |
|  | $0 | $48829 | $1911 | $50740 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| United States | United States | United States | United States | United States |
| Mutual Funds | 150959 | 0 | 0 | 150959 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | 5782 | 0 | 0 | 5782 |
|  | $156741 | $0 | $0 | $156741 |
| Total Investments | $156741 | $48829 | $1911 | $207481 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 0 | 70 | 0 | 70 |
| Over the counter | 0 | 933 | 0 | 933 |
|  | $0 | $1003 | $0 | $1003 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | 0 | (123) | 0 | (123) |
| Over the counter | 0 | (710) | 0 | (710) |
|  | $0 | $(833) | $0 | $(833) |
| Total Financial Derivative Instruments | $0 | $170 | $0 | $170 |
| Totals | $156741 | $48999 | $1911 | $207651 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 100.1% ¤** |  |  |
| **AZERBAIJAN 0.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **SOCAR Turkey Enerji AS via Steas Funding 1 DAC** <br>7.230% due 03/17/2026 | $1400 | $1402 |
| Total Azerbaijan (Cost $1,400) |  | 1402 |
| **BRAZIL 4.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Banco do Brasil SA** <br>8.500% due 07/29/2026 | 135000 | 7570 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(h) | 114743 | 8585 |
|  |  | 16155 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.0%**  |  |  |
| **Oi SA**<br>TBD% - 19.000% due 12/30/2050 «~ | $6394 | 64 |
| **SOVEREIGN ISSUES 4.2%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 04/01/2026 (e)  | 137300 | 24238 |
| 0.000% due 07/01/2026 (e)  | 2600 | 444 |
| 0.000% due 07/01/2028 (e)  | 83000 | 11150 |
| **Brazil Notas do Tesouro Nacional**  |  |  |
| 10.000% due 01/01/2027  | 84700 | 14984 |
| 10.000% due 01/01/2029  | 203200 | 34398 |
| 10.000% due 01/01/2031  | 235200 | 37833 |
| 10.000% due 01/01/2033  | 1300 | 201 |
|  |  | 123248 |
| Total Brazil (Cost $143,879) |  | 139467 |
| **CAYMAN ISLANDS 0.6%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | $1100 | 1100 |
| **LCM 30 Ltd.** <br>5.226% due 04/20/2031 •  | 563 | 563 |
| **Venture 36 CLO Ltd.** <br>5.276% due 04/20/2032 •  | 1817 | 1818 |
|  |  | 3481 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (e)  | 563 | 7 |
| 0.000% due 12/31/2027 (e)  | 704 | 5 |
| 0.000% due 12/31/2028 (e)  | 1127 | 7 |
| 0.000% due 12/31/2029 (e)  | 1127 | 7 |
| 0.000% due 12/31/2030 (e)  | 1409 | 5 |
| 0.000% due 12/31/2031 (e)  | 1409 | 5 |
| 0.000% due 12/31/2032 (e)  | 2657 | 27 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(e)  | 1154 | 185 |
| 0.000% due 06/23/2028 «(e)  | 137 | 30 |
|  |  | 278 |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Fish Pond Re Ltd.** <br>7.630% (BRMMUSDF + 4.020%) due 01/08/2027 ~ | 550 | 560 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 120 | 10 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 948 | 19 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 1586 | 30 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 1912 | 30 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 2881 | 49 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 2711 | 41 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 648 | 16 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 7500 | 8846 |
| **Peru Payroll Deduction Finance Ltd.** <br>0.000% due 11/01/2029 «(e) | $1091 | 972 |
| **Red Dorsal Finance Ltd.** <br>5.875% due 10/12/2031 | 1280 | 1271 |
|  |  | 11844 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Ziraat**<br>6.805% - 7.566% (TSFR3M + 3.100%) due 06/15/2034 «~ | 4300 | 4303 |
| Total Cayman Islands (Cost $21,543) |  | 19906 |
| **CHILE 4.0%**  |  |  |
| **SOVEREIGN ISSUES 4.0%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 43950000 | 47960 |
| 5.000% due 10/01/2028  | 6780000 | 7586 |
| 5.000% due 03/01/2035  | 13835000 | 14998 |
| 5.800% due 10/01/2029  | 27685000 | 31537 |
| 5.800% due 10/01/2034  | 195000 | 224 |
| 6.000% due 04/01/2033  | 13210000 | 15250 |
| Total Chile (Cost $111,838) |  | 117555 |
| **CHINA 3.2%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (c)** | 8287096 | 103 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOVEREIGN ISSUES 3.2%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 70700 | 10595 |
| 2.820% due 05/22/2033  | 127180 | 19283 |
| **China Government Bonds**  |  |  |
| 1.650% due 05/15/2035  | 116250 | 16347 |
| 2.040% due 11/25/2034  | 36090 | 5246 |
| 2.150% due 08/25/2055  | 66100 | 9198 |
| 2.190% due 09/25/2054  | 107940 | 14895 |
| 3.120% due 10/25/2052  | 5900 | 974 |
| 3.810% due 09/14/2050  | 48180 | 8754 |
| **China Government International Bonds**  |  |  |
| 3.625% due 11/13/2028 (k)  | $4300 | 4336 |
| 3.625% due 11/13/2028  | 700 | 706 |
| 3.750% due 11/13/2030  | 1600 | 1617 |
|  |  | 91951 |
| Total China (Cost $90,916) |  | 92054 |
| **COLOMBIA 8.8%**  |  |  |
| **SOVEREIGN ISSUES 8.8%**  |  |  |
| **Bogota Distrito Capital** <br>13.140% due 11/05/2035 | 50688000 | 13444 |
| **Colombia TES**  |  |  |
| 2.250% due 04/18/2029 (g)  | 44081619 | 10319 |
| 6.500% due 01/22/2031 (g)  | 101117673 | 26661 |
| 7.000% due 03/26/2031  | 6870700 | 1418 |
| 11.000% due 08/22/2029  | 262866700 | 65789 |
| 11.500% due 07/25/2046  | 8361300 | 1975 |
| 11.750% due 01/24/2035  | 281160800 | 69324 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 12.750% due 11/28/2040  | 117643900 | 30544 |
| 13.250% due 02/09/2033  | 131380200 | 35249 |
| Total Colombia (Cost $252,054) |  | 254723 |
| **COSTA RICA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 6000 | 7230 |
| Total Costa Rica (Cost $6,985) |  | 7230 |
| **CZECH REPUBLIC 3.7%**  |  |  |
| **SOVEREIGN ISSUES 3.7%**  |  |  |
| **Czech Republic Government Bonds**  |  |  |
| 1.750% due 06/23/2032  | 79600 | 3338 |
| 2.000% due 10/13/2033 (k)  | 60900 | 2496 |
| 3.600% due 06/03/2036  | 205300 | 9161 |
| 4.200% due 12/04/2036  | 35300 | 1659 |
| 4.500% due 11/11/2032 (k)  | 1239270 | 60929 |
| 4.900% due 04/14/2034 (k)  | 169390 | 8492 |
| 5.000% due 09/30/2030 (k)  | 393900 | 19978 |
| Total Czech Republic (Cost $98,852) |  | 106053 |
| **DENMARK 0.0%**  |  |  |
| Total Denmark (Cost $0) |  | 0 |
| **DOMINICAN REPUBLIC 2.2%**  |  |  |
| **SOVEREIGN ISSUES 2.2%**  |  |  |
| **Dominican Republic International Bonds**  |  |  |
| 10.500% due 03/15/2037  | 3200450 | 54581 |
| 10.750% due 06/01/2036  | 413950 | 7149 |
| 13.625% due 02/03/2033  | 54000 | 1037 |
| 13.625% due 02/10/2034  | 63300 | 1226 |
| Total Dominican Republic (Cost $61,015) |  | 63993 |
| **ECUADOR 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Ecuador Government International Bonds**  |  |  |
| 0.000% due 07/31/2030 (e)  | $425 | 364 |
| 5.000% due 07/31/2040 þ  | 60 | 47 |
| 6.900% due 07/31/2030 þ  | 5232 | 5191 |
| 6.900% due 07/31/2035 þ  | 1523 | 1346 |
| Total Ecuador (Cost $4,394) |  | 6948 |
| **EGYPT 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 1329100 | 27903 |
| Total Egypt (Cost $25,452) |  | 27903 |
| **GERMANY 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Deutsche Bank AG** <br>8.010% due 07/18/2034 « | 1700000 | 19333 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Stepstone Group MidCo 2 GmbH**<br>6.599% - 7.723% (EUR006M + 4.500%) due 04/26/2032 ~ | 4800 | 5345 |
| Total Germany (Cost $24,890) |  | 24678 |
| **GHANA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Republic of Ghana Government Bonds**  |  |  |
| 8.650% due 02/13/2029  | 34777 | 2795 |
| 8.800% due 02/12/2030  | 17000 | 1310 |
| 8.950% due 02/11/2031  | 28 | 2 |
| 9.250% due 02/08/2033  | 10430 | 722 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Ghana (Cost $3,077) |  | 4829 |
| **HUNGARY 1.3%**  |  |  |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Hungary Government Bonds**  |  |  |
| 3.000% due 10/27/2038 (k)  | 731300 | 1485 |
| 4.750% due 11/24/2032 (k)  | 13051700 | 36001 |
| 7.000% due 10/24/2035 (k)  | 273200 | 848 |
| Total Hungary (Cost $35,663) |  | 38334 |
| **INDONESIA 5.1%**  |  |  |
| **SOVEREIGN ISSUES 5.1%**  |  |  |
| **Indonesia Treasury Bonds**  |  |  |
| 6.500% due 07/15/2030  | 428882000 | 26741 |
| 6.625% due 02/15/2034  | 86832000 | 5406 |
| 6.750% due 07/15/2035  | 762558000 | 48150 |
| 7.000% due 02/15/2033  | 208828000 | 13260 |
| 7.125% due 06/15/2038  | 86770000 | 5569 |
| 7.125% due 08/15/2040  | 220706000 | 14214 |
| 7.125% due 06/15/2042  | 6871000 | 440 |
| 7.125% due 06/15/2043  | 16028000 | 1024 |
| 7.125% due 08/15/2045  | 283034000 | 18250 |
| 7.500% due 05/15/2038  | 91004000 | 6013 |
| 7.500% due 04/15/2040  | 88950000 | 5839 |
| 8.375% due 04/15/2039  | 62230000 | 4379 |
| Total Indonesia (Cost $148,218) |  | 149285 |
| **IRELAND 0.4%**  |  |  |
| **ASSET-BACKED SECURITIES 0.0%**  |  |  |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.814% due 11/15/2031 •  | 98 | 116 |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 (k) | $1646 | 1554 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 6300 | 7419 |
| Total Ireland (Cost $8,462) |  | 9089 |
| **IVORY COAST 0.5%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%**  |  |  |
| **Republic of Cote d'Ivoire**  |  |  |
| 4.916% - 9.488% (EUR006M + 2.850%) due 03/18/2026 «~ | 2600 | 3056 |
| 5.153% - 9.488% (EUR006M + 3.050%) due 03/09/2026 «~ | 7300 | 8565 |
|  |  | 11621 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 1317 | 1502 |
| 5.250% due 03/22/2030  | 400 | 472 |
|  |  | 1974 |
| Total Ivory Coast (Cost $12,374) |  | 13595 |
| **KAZAKHSTAN 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Development Bank of Kazakhstan JSC**  |  |  |
| 10.950% due 05/06/2026  | 611500 | 1183 |
| 13.489% due 05/23/2028  | 872000 | 1623 |
| 18.400% due 10/16/2028  | 6094500 | 12486 |
| Total Kazakhstan (Cost $14,218) |  | 15292 |
| **KENYA 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Republic of Kenya Government International Bonds**<br>9.186% (PRIME + 5.400%) due 04/05/2028 «~ | $2250 | 2228 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| Total Kenya (Cost $2,240) |  |  | 2228 |
| **LUXEMBOURG 0.1%**  |  |  |  |
|  |  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |  |
| **Drillco Holdings Luxembourg SA «(j)** |  | 10272 | 232 |
| **Foresea Holdings SA «** |  | 10634 | 240 |
|  |  |  | 472 |
|  |  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |  |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 |  | 260 | 257 |
| **Poinsettia Finance Ltd. SARL** <br>6.625% due 06/17/2031 |  | 2524 | 2480 |
|  |  |  | 2737 |
| Total Luxembourg (Cost $2,954) |  |  | 3209 |
| **MALAYSIA 6.7%**  |  |  |  |
| **SOVEREIGN ISSUES 6.7%**  |  |  |  |
| **Malaysia Government Bonds**  |  |  |  |
| 3.828% due 07/05/2034  | MYR | 29430 | 7431 |
| 3.844% due 04/15/2033  |  | 2500 | 632 |
| 3.899% due 11/16/2027  |  | 28990 | 7276 |
| 3.917% due 07/15/2055  |  | 3530 | 862 |
| 4.054% due 04/18/2039  |  | 153390 | 39101 |
| 4.065% due 06/15/2050  |  | 13699 | 3425 |
| 4.180% due 05/16/2044  |  | 6660 | 1716 |
| 4.254% due 05/31/2035  |  | 28420 | 7422 |
| 4.457% due 03/31/2053  |  | 61910 | 16438 |
| 4.642% due 11/07/2033  |  | 60720 | 16191 |
| 4.696% due 10/15/2042  |  | 6078 | 1654 |
| 4.762% due 04/07/2037  |  | 9554 | 2586 |
| 4.893% due 06/08/2038  |  | 30070 | 8268 |
| **Malaysia Government Investment Issue**  |  |  |  |
| 3.422% due 09/30/2027  |  | 157580 | 39116 |
| 3.612% due 04/30/2035  |  | 9470 | 2357 |
| 3.804% due 10/08/2031  |  | 7800 | 1975 |
| 4.119% due 11/30/2034  |  | 27970 | 7215 |
| 4.130% due 07/09/2029  |  | 65000 | 16529 |
| 4.193% due 10/07/2032  |  | 13630 | 3513 |
| 4.291% due 08/14/2043  |  | 20870 | 5448 |
| 4.417% due 09/30/2041  |  | 2714 | 719 |
| 4.662% due 03/31/2038  |  | 12800 | 3461 |
| 5.357% due 05/15/2052  |  | 5700 | 1715 |
| Total Malaysia (Cost $182,306) |  |  | 195050 |
| **MEXICO 8.8%**  |  |  |  |
|  |  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |  |
| **Hipotecaria Su Casita SA «(c)** |  | 742577 | 0 |
|  |  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOVEREIGN ISSUES 8.8%**  |  |  |  |
| **Mexico Bonos**  |  |  |  |
| 7.500% due 05/26/2033  | MXN | 137000 | 7080 |
| 7.750% due 05/29/2031  |  | 338900 | 18153 |
| 7.750% due 11/23/2034  |  | 53900 | 2780 |
| 7.750% due 11/13/2042  |  | 812300 | 38598 |
| 8.000% due 11/07/2047  |  | 195900 | 9372 |
| 8.000% due 07/31/2053  |  | 526870 | 24956 |
| 8.500% due 03/01/2029  |  | 723500 | 40569 |
| 8.500% due 05/31/2029  |  | 340800 | 19107 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.500% due 02/28/2030  | 1647100 | 91777 |
| 8.500% due 11/18/2038  | 71400 | 3721 |
| **Mexico Udibonos** <br>4.000% due 08/24/2034 (g) | 127 | 7 |
|  |  | 256120 |
| Total Mexico (Cost $234,454) |  | 256120 |
| **NETHERLANDS 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **VEON Amsterdam BV**<br>8.206% (TSFR3M + 4.250%) due 03/25/2027 «~ | $3400 | 3400 |
| Total Netherlands (Cost $3,368) |  | 3400 |
| **NIGERIA 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Bank of Industry Ltd.**<br>3.754% - 9.719% (EUR003M + 1.700%) due 08/23/2027 ~ | 3100 | 3633 |
| Total Nigeria (Cost $3,256) |  | 3633 |
| **PARAGUAY 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Paraguay Government International Bonds**  |  |  |
| 7.900% due 02/09/2031  | 39627000 | 5748 |
| 8.500% due 03/04/2035  | 42776000 | 6215 |
| Total Paraguay (Cost $10,711) |  | 11963 |
| **PERU 6.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 15000 | 4730 |
| 10.100% due 12/15/2043  | 56200 | 18184 |
|  |  | 22914 |
| **SOVEREIGN ISSUES 5.9%**  |  |  |
| **Peru Government Bonds**  |  |  |
| 5.350% due 08/12/2040  | 9000 | 2378 |
| 5.400% due 08/12/2034  | 9500 | 2821 |
| 6.150% due 08/12/2032  | 24000 | 7705 |
| 6.850% due 08/12/2035  | 82500 | 26467 |
| 7.300% due 08/12/2033  | 86200 | 29265 |
| 7.600% due 08/12/2039  | 500 | 163 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 74800 | 22208 |
| 6.150% due 08/12/2032  | 177000 | 56828 |
| 6.850% due 02/12/2042  | 3800 | 1211 |
| 6.900% due 08/12/2037  | 2700 | 841 |
| 6.950% due 08/12/2031  | 50400 | 16671 |
| 7.300% due 08/12/2033  | 15800 | 5342 |
|  |  | 171900 |
| Total Peru (Cost $169,927) |  | 194814 |
| **PHILIPPINES 5.9%**  |  |  |
| **SOVEREIGN ISSUES 5.9%**  |  |  |
| **Philippines Government Bonds**  |  |  |
| 6.250% due 02/28/2029  | 9431880 | 163859 |
| 6.500% due 05/19/2029  | 96070 | 1682 |
| **Philippines Government International Bonds** <br>6.250% due 01/14/2036 | 369000 | 6237 |
| Total Philippines (Cost $172,455) |  | 171778 |
| **POLAND 6.4%**  |  |  |
| **SOVEREIGN ISSUES 6.4%**  |  |  |
| **Republic of Poland Government Bonds**  |  |  |
| 2.000% due 08/25/2036 (g)  | 32047 | 8128 |
| 2.750% due 10/25/2029 (k)  | 36800 | 9721 |
| 4.500% due 07/25/2030 (k)  | 288200 | 80616 |
| 4.750% due 07/25/2029 (k)  | 85800 | 24319 |
| 5.000% due 01/25/2030 (k)  | 15200 | 4336 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 10/25/2034  | 27570 | 7666 |
| 5.000% due 10/25/2035  | 76070 | 20942 |
| 6.000% due 10/25/2033 (k)  | 96450 | 28727 |
| Total Poland (Cost $172,262) |  | 184455 |
| **ROMANIA 2.2%**  |  |  |
| **SOVEREIGN ISSUES 2.2%**  |  |  |
| **Romania Government Bonds**  |  |  |
| 4.250% due 04/28/2036  | 82100 | 15563 |
| 4.750% due 10/11/2034  | 9700 | 1950 |
| 5.000% due 02/12/2029  | 10300 | 2274 |
| 6.750% due 04/25/2035  | 5900 | 1363 |
| 6.850% due 07/29/2030  | 43100 | 10011 |
| 7.100% due 07/31/2034  | 32700 | 7709 |
| 7.350% due 04/28/2031  | 49400 | 11731 |
| 7.650% due 07/27/2031  | 19100 | 4597 |
| 8.000% due 04/29/2030  | 30500 | 7378 |
| Total Romania (Cost $58,608) |  | 62576 |
| **SERBIA 0.6%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Tesler**<br>7.897% (EUR003M + 5.850%) due 05/21/2028 «~ | 3900 | 4534 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Serbia Treasury Bonds**  |  |  |
| 4.500% due 08/20/2032  | 345400 | 3386 |
| 5.250% due 07/27/2035  | 884800 | 8954 |
|  |  | 12340 |
| Total Serbia (Cost $16,177) |  | 16874 |
| **SOUTH AFRICA 10.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Eskom Holdings**  |  |  |
| 0.000% due 08/18/2027 (e)  | 143600 | 7108 |
| 0.000% due 12/31/2032 (e)  | 363100 | 8399 |
| **Transnet**  |  |  |
| 10.000% due 03/30/2029  | 103000 | 6177 |
| 13.500% due 04/18/2028  | 1800 | 119 |
|  |  | 21803 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Transnet SOC Ltd.**<br>11.125% due 03/02/2028 «~ | 44429 | 2690 |
| **SOVEREIGN ISSUES 9.3%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 434700 | 22444 |
| 7.000% due 02/28/2031  | 573627 | 33889 |
| 8.000% due 01/31/2030  | 415250 | 25645 |
| 8.250% due 03/31/2032  | 197200 | 12217 |
| 8.500% due 01/31/2037  | 873200 | 52420 |
| 8.750% due 01/31/2044  | 89000 | 5174 |
| 8.750% due 02/28/2048  | 134700 | 7848 |
| 8.875% due 02/28/2035  | 1127800 | 71073 |
| 9.000% due 01/31/2040  | 567000 | 34373 |
| **Republic of South Africa Government International Bonds** <br>7.250% due 12/11/2055 | $4500 | 4468 |
|  |  | 269551 |
| Total South Africa (Cost $255,716) |  | 294044 |
| **SUPRANATIONAL 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Banque Ouest Africaine de Developpement** <br>6.250% due 10/14/2040 | 4600 | 5299 |
| **European Investment Bank** <br>2.875% due 11/15/2029 | 58700 | 15574 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Supranational (Cost $18,993) |  | 20873 |
| **TANZANIA 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **United Republic of Tanzania**<br>7.499% (EUR006M + 5.400%) due 04/26/2028 «~ | 2000 | 2368 |
| Total Tanzania (Cost $2,347) |  | 2368 |
| **THAILAND 3.2%**  |  |  |
| **SOVEREIGN ISSUES 3.2%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 2.000% due 06/17/2042  | 103190 | 3197 |
| 2.410% due 03/17/2035  | 816960 | 27729 |
| 2.875% due 06/17/2046  | 23000 | 799 |
| 2.980% due 06/17/2045  | 1011885 | 35729 |
| 3.400% due 06/17/2036  | 96040 | 3535 |
| 3.450% due 06/17/2043  | 622630 | 23251 |
| Total Thailand (Cost $89,177) |  | 94240 |
| **TURKEY 2.0%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%**  |  |  |
| **SOCAR Turkey Enerji AS**<br>5.535% - 9.360% (EUR006M + 3.450%) due 08/11/2026 «~ | 8300 | 9779 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.100% - 9.488% (EUR003M + 3.000%) due 12/15/2028 «~ | 1600 | 1890 |
|  |  | 11669 |
| **SOVEREIGN ISSUES 1.6%**  |  |  |
| **Turkiye Government Bonds**  |  |  |
| 27.700% due 09/27/2034  | 781900 | 18524 |
| 34.100% due 07/10/2030  | 494500 | 12342 |
| 39.431% (BISTREFI + 0.000%) due 05/20/2026 ~  | 16300 | 382 |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 27000 | 635 |
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 643400 | 14978 |
|  |  | 46861 |
| Total Turkey (Cost $62,377) |  | 58530 |
| **UGANDA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Republic of Uganda Government Bonds**  |  |  |
| 15.000% due 06/18/2043  | 1633700 | 386 |
| 15.800% due 06/23/2039  | 3824300 | 964 |
| Total Uganda (Cost $1,354) |  | 1350 |
| **UKRAINE 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2034 þ(f)  | $1045 | 499 |
| 4.500% due 02/01/2029 þ(k)  | 529 | 398 |
| 4.500% due 02/01/2035 þ  | 1441 | 865 |
| 4.500% due 02/01/2036 þ  | 1600 | 944 |
| Total Ukraine (Cost $2,210) |  | 2706 |
| **UNITED KINGDOM 1.3%**  |  |  |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **ICBC Standard Bank PLC**  |  |  |
| 20.000% due 09/18/2029 «  | 165827000 | 13956 |
| 20.000% due 12/13/2029 «  | 61608000 | 5125 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | $19470 | 15035 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 500 | 777 |
|  |  | 34893 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Canada Square Funding 6 PLC** <br>4.785% due 01/17/2059 •  | 1309 | 1766 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rochester Financing No. 3 PLC** <br>4.473% due 12/18/2044 •  | 805 | 1085 |
| **Tower Bridge Funding PLC** <br>4.482% due 12/20/2063 •  | 248 | 335 |
| **Warwick Finance Residential Mortgages Number Three PLC** <br>0.000% due 12/21/2049 | 0 | 759 |
|  |  | 3945 |
| Total United Kingdom (Cost $35,673) |  | 38838 |
| **UNITED STATES 3.8%**  |  |  |
| **ASSET-BACKED SECURITIES 0.6%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.686% due 08/25/2036 •  | $1096 | 1084 |
| 4.746% due 03/25/2034 •  | 387 | 413 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>4.226% due 07/25/2037 •  | 9 | 6 |
| **GSAMP Trust**  |  |  |
| 3.936% due 01/25/2037 •  | 852 | 528 |
| 4.146% due 12/25/2036 •  | 789 | 787 |
| **Lehman XS Trust** <br>4.979% due 01/25/2036 þ | 2572 | 2311 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.596% due 09/25/2035 •  | 1497 | 1478 |
| **Morgan Stanley Mortgage Loan Trust** <br>4.326% due 12/25/2036 •  | 2930 | 1003 |
| **New Century Home Equity Loan Trust** <br>4.166% due 08/25/2036 •  | 841 | 842 |
| **OneMain Financial Issuance Trust** <br>4.130% due 05/14/2035 | 3344 | 3344 |
| **Option One Mortgage Loan Trust** <br>4.066% due 04/25/2037 •  | 337 | 232 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>2.803% due 01/25/2036 þ | 1575 | 1360 |
| **WaMu Asset-Backed Certificates WaMu Trust** <br>4.086% due 05/25/2037 •  | 4186 | 3781 |
|  |  | 17169 |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 22150 | 23422 |
| **Rio Oil Finance Trust** <br>9.750% due 01/06/2027 | 146 | 150 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(j) | 5000 | 5371 |
|  |  | 28943 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Ecopetrol SA**<br>TBD% due 04/12/2029 «µ | 10000 | 10040 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.6%**  |  |  |
| **American Home Mortgage Assets Trust** <br>6.750% due 11/25/2046 þ | 322 | 295 |
| **Angel Oak Mortgage Trust** <br>0.909% due 01/25/2066 ~ | 2500 | 2203 |
| **Banc of America Funding Trust** <br>2.372% due 03/20/2036 ~ | 10 | 10 |
| **BCAP LLC Trust**  |  |  |
| 4.141% due 05/26/2037 ~  | 1898 | 1704 |
| 4.186% due 01/25/2037 •  | 142 | 135 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 3.963% due 04/25/2037 ~  | 5495 | 3778 |
| 4.084% due 08/25/2036 ~  | 231 | 153 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.422% due 02/25/2036 ~  | 28 | 26 |
| 5.031% due 01/25/2035 ~  | 2 | 2 |
| **CHL Mortgage Pass-Through Trust** <br>4.530% due 09/25/2047 ~ | 13 | 12 |
| **CHL Reperforming Loan Trust REMICS** <br>4.407% due 11/25/2034 •  | 106 | 101 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.457% due 09/25/2037 ~  | 2101 | 1977 |
| 5.044% due 07/25/2046 ~  | 21 | 20 |
| 6.746% due 03/25/2034 ~  | 4 | 3 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 06/25/2037 | 40 | 37 |
| **GreenPoint MTA Trust** <br>4.286% due 06/25/2045 •  | 37 | 33 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 01/25/2036 •  | 164 | 133 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GSR Mortgage Loan Trust** <br>4.974% due 11/25/2035 ~ | 54 | 23 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 5.503% due 08/19/2036 ~  | 1 | 1 |
| 6.029% due 10/19/2035 •  | 288 | 135 |
| **Impac CMB Trust**  |  |  |
| 4.486% due 03/25/2035 •  | 59 | 58 |
| 5.730% due 01/25/2033 þ  | 120 | 121 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.206% due 02/25/2037 •  | 769 | 733 |
| 4.486% due 07/25/2045 •  | 82 | 63 |
| **JP Morgan Mortgage Trust** <br>5.021% due 06/25/2036 ~ | 149 | 99 |
| **JP Morgan Resecuritization Trust** <br>2.500% due 03/25/2056 | 106 | 105 |
| **Luminent Mortgage Trust** <br>4.206% due 12/25/2036 •  | 7 | 7 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.782% due 06/25/2036 ~ | 5 | 5 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>6.340% due 06/25/2036 þ | 7592 | 1933 |
| **RALI Trust**  |  |  |
| 5.007% due 10/25/2037 ~  | 759 | 604 |
| 5.818% due 02/25/2036 ~  | 73 | 63 |
| **Residential Asset Securitization Trust** <br>4.246% due 01/25/2046 •  | 128 | 35 |
| **Sequoia Mortgage Trust** <br>4.597% due 01/20/2047 ~ | 12 | 8 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 5.005% due 03/25/2036 ~  | 26 | 21 |
| 5.429% due 01/25/2035 •  | 24 | 22 |
| **Structured Asset Mortgage Investments II Trust** <br>4.146% due 02/25/2037 •  | 848 | 827 |
| **TBW Mortgage-Backed Trust** <br>6.540% due 01/25/2037 þ | 1240 | 272 |
| **Thornburg Mortgage Securities Trust** <br>5.413% due 06/25/2047 •  | 112 | 99 |
| **Tib Finance PLC** <br>7.111% due 11/15/2034 «(j) | 2200 | 2212 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.664% due 01/25/2037 ~  | 35 | 31 |
| 4.216% due 05/25/2034 •  | 158 | 148 |
| 4.271% due 12/25/2036 ~  | 23 | 21 |
| 4.473% due 09/25/2036 ~  | 30 | 27 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.756% due 10/25/2036 ~ | 337 | 324 |
|  |  | 18619 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Colombia TES**  |  |  |
| 1.000% due 08/22/2029  | 26067000 | 6516 |
| 1.000% due 01/24/2035  | 120260900 | 29613 |
|  |  | 36129 |
| **U.S. TREASURY OBLIGATIONS 0.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (m)(o) | $728 | 735 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (m) | 1100 | 1108 |
|  |  | 1843 |
|  | SHARES |  |
| **WARRANTS 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 (j)** | 1 | 0 |
| Total United States (Cost $115,350) |  | 112743 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **URUGUAY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Uruguay Government International Bonds** <br>8.000% due 10/29/2035 | 160000 | 4225 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Uruguay (Cost $4,007) |  | 4225 |
| **UZBEKISTAN 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Uzbek Industrial & Construction Bank ATB**  |  |  |
| 8.950% due 07/24/2029  | $1300 | 1397 |
| 21.000% due 07/24/2027  | 43460000 | 3872 |
|  |  | 5269 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Republic of Uzbekistan International Bonds** <br>16.625% due 05/29/2027 | 9770000 | 856 |
| Total Uzbekistan (Cost $5,515) |  | 6125 |
| **VENEZUELA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Venezuela Government International Bonds** <br>9.250% due 09/15/2027 ^(b) | $4300 | 1435 |
| Total Venezuela (Cost $643) |  | 1435 |
| **ZAMBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Zambia Government Bonds**  |  |  |
| 12.000% due 05/03/2028  | 3600 | 154 |
| 22.000% due 01/22/2029  | 3100 | 162 |
| 23.000% due 01/22/2031  | 26200 | 1459 |
| Total Zambia (Cost $1,248) |  | 1775 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 2.4%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (i) | 2651984 | 2652 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **NIGERIA TREASURY BILLS 1.6%**  |  |  |
| 30.368% due 02/17/2026 - 06/29/2026 (d)(e) | 73478330 | 46699 |
| **SOUTH AFRICA TREASURY BILLS 0.2%**  |  |  |
| 7.400% due 08/05/2026 - 10/07/2026 (d)(e) | 81900 | 4758 |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 3.733% due 01/20/2026 - 04/21/2026 (d)(e)(o) | $15965 | 15848 |
| Total Short-Term Instruments (Cost $66,455) |  | 69957 |
| Total Investments in Securities (Cost $2,755,013) |  | 2907645 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 6.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 6.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.6%**  |  |  |
| **PIMCO Short Asset Portfolio** | 3638931 | 35724 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 16012661 | 155979 |
| Total Short-Term Instruments (Cost $192,248) |  | 191703 |
| Total Investments in Affiliates (Cost $192,248) |  | 191703 |
| Total Investments 106.7% (Cost $2,947,261) |  | $3099348 |
| **Financial Derivative Instruments (l)(n) 0.1**%(Cost or Premiums, net $(4628)) |  | 2735 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | |
|:---|:---|
| Other Assets and Liabilities, net (6.8)% | (197480) |
| Net Assets 100.0% | $2904603 |

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------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 46 | 105 | 141 | 151 | 154 | 170 | 183 | 203 | 204 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(h)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(i)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(j)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | 06/10/2022 | 06/10/2022 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | 06/08/2023 | 06/08/2023 | 206 | 206 | 206 | 232 | 232 | 0.01 |
| Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | 09/18/2024 | 09/18/2024 | 2200 | 2200 | 2200 | 2212 | 2212 | 0.08 |
| VB DPR Finance Co. 6.833% due 03/15/2035 | VB DPR Finance Co. 6.833% due 03/15/2035 | VB DPR Finance Co. 6.833% due 03/15/2035 | 01/31/2025 | 01/31/2025 | 5000 | 5000 | 5000 | 5371 | 5371 | 0.18 |
|  |  |  |  | $ | 7406 | 7406 | $ | 7815 | 0.27%  | 0.27%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | 4.250%  | 12/05/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | PLN | (292425) | (292425) | (81721) | (81721) |
|  |  | 6.570  | 11/26/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | HUF | (4887055) | (4887055) | (15044) | (15044) |
| BRC | BRC | 0.500  | 06/27/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | CZK | (341439) | (341439) | (16909) | (16909) |
|  |  | 3.800  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | $ | (1474) | (1474) | (1477) | (1477) |
|  |  | 4.200  | 12/04/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | PLN | (87845) | (87845) | (24552) | (24552) |
| MBC | MBC | 1.000  | 12/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | CZK | (1335519) | (1335519) | (65051) | (65051) |
|  |  | 4.170  | 12/04/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | PLN | (37798) | (37798) | (10564) | (10564) |
|  |  | 4.200  | 12/04/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (63168) | (63168) | (17655) | (17655) |
|  |  | 6.600  | 10/08/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | HUF | (481866) | (481866) | (1497) | (1497) |
|  |  | 6.600  | 11/25/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (6372919) | (6372919) | (19622) | (19622) |
| MSC | MSC | 3.500  | 12/12/2025 | 01/30/2026 | 01/30/2026 | $ | (2154) | (2154) | (2158) | (2158) |
| MYI | MYI | 3.250  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (283) | (283) | (284) | (284) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **(256534)** | **(256534)** |
| **(k)** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267,160 and cash of $704 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(161431) at a weighted average interest rate of 5.227%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 15 | 17 | 25 | 26 | 35 | 39 | 40 | 43 | 60 | 62 | 71 | 76 | 92 | 98 | 104 | 123 | 139 | 140 | 158 | 178 | 187 | 196 | 207 | 211 |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts |  |  | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 12 | 12 | $ | $1799 | 1799 | 1799 | $(25) | (25) | (25) | 0 | 0 | $ | $(3) | (3) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 32 | 32 |  | 3598 | 3598 | 3598 | 1 | 1 | 1 | 0 | 0 |  | (7) | (7) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(24) | (24) | (24) | 0 | 0 | $ | $(10) | (10) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts |  |  | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 5 | 5 | $ | $(578) | (578) | (578) | $3 | 3 | 3 | 1 | 1 | $ | $0 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**(21)** | **(21)** | **(21)** | **1** | **1** | **$** | $**(10)** | **(10)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset |  | Liability |
| Boeing Co.  | 1.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.217 | 0.217 | 0.217 | % | % | $ | $100 | 100 | $ | 1 | $ | (1) | (1) | 0 | 0 | 0 | 0 | $ | 0 |
| Boeing Co.  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.273 | 0.273 | 0.273 |  |  |  | 4900 | 4900 |  | 54 |  | (18) | (18) | 36 | 36 | 0 | 0 |  | 0 |
| Boeing Co.  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.328 | 0.328 | 0.328 |  |  |  | 200 | 200 |  | 2 |  | 0 | 0 | 2 | 2 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 57 | $ | (19) | (19) | 38 | 38 | 0 | 0 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> |  |  | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset |  | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | (1.000)% | (1.000)% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 06/20/2030 | $ | $ | $76000 | 76000 | $ | $ | (1612) | $ | (115) | (115) | (1727) | (1727) | 0 | 0 | $ | (1) |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 117600 | 117600 |  |  | (2595) |  | (104) | (104) | (2699) | (2699) | 0 | 0 |  | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | $ | (4207) | $ | (219) | (219) | (4426) | (4426) | 0 | 0 | $ | (2) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> |  |  | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset |  | Liability |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 12/20/2030 | $ | $ | $6600 | 6600 | $ | $ | (107) | $ | 38 | 38 | (69) | (69) | 2 | 2 | $ | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset |  | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | Annual | Annual | Annual | 09/17/2027 | 09/17/2027 | 09/17/2027 | GBP | GBP | 245000 | 245000 | $ | $(84) | (84) | (354) | (354) | $(438) | (438) | $23 | 23 | $ | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | Annual | 09/17/2035 | 09/17/2035 | 09/17/2035 |  |  | 51400 | 51400 |  | (5) | (5) | (120) | (120) | (125) | (125) | 0 | 0 |  | (70) |
| Pay<sup>(6)</sup> | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.500 | 5.500 | Semi-Annual | Semi-Annual | Semi-Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 | INR | INR | 15418955 | 15418955 |  | (367) | (367) | 33 | 33 | (334) | (334) | 8 | 8 |  | 0 |
| Pay<sup>(6)</sup> | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.750 | 5.750 | Semi-Annual | Semi-Annual | Semi-Annual | 03/18/2031 | 03/18/2031 | 03/18/2031 |  |  | 7055560 | 7055560 |  | (526) | (526) | (93) | (93) | (619) | (619) | 35 | 35 |  | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 12/17/2027 | 12/17/2027 | 12/17/2027 | JPY | JPY | 43010000 | 43010000 |  | 18 | 18 | 674 | 674 | 692 | 692 | 133 | 133 |  | 0 |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 |  |  | 33495000 | 33495000 |  | 949 | 949 | 69 | 69 | 1018 | 1018 | 135 | 135 |  | 0 |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1-Day SGD-SIBCSORA Compounded-OIS | 1.227 | 1.227 | Semi-Annual | Semi-Annual | Semi-Annual | 11/26/2026 | 11/26/2026 | 11/26/2026 | SGD | SGD | 89620 | 89620 |  | 0 | 0 | 50 | 50 | 50 | 50 | 0 | 0 |  | (26) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 73 | 104 | 135 | 158 | 187 | 211 |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.228 | Semi-Annual | 11/26/2026 | 69310 | 0 | 38 | 38 | 0 | (20) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.230 | Semi-Annual | 11/26/2026 | 60020 | 0 | 32 | 32 | 0 | (17) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.234 | Semi-Annual | 11/26/2026 | 60200 | 0 | 31 | 31 | 0 | (17) |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.403 | Semi-Annual | 12/30/2026 | 343600 | (23) | (175) | (198) | 0 | (108) |
| Pay<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 2.000 | Semi-Annual | 03/18/2031 | 124760 | (152) | 343 | 191 | 280 | 0 |
| Pay<sup>(6)</sup> | 1-Day THB-THOR Compounded-OIS | 1.500 | Quarterly | 03/18/2031 | 647680 | 59 | 200 | 259 | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | $27500 | 280 | (115) | 165 | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 49200 | 1148 | (807) | 341 | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 40600 | 93 | (563) | (470) | 39 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 65150 | (816) | (19) | (835) | 0 | (99) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 7600 | (71) | (24) | (95) | 12 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 302300 | 5467 | (1502) | 3965 | 0 | (491) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 1100 | (14) | 25 | 11 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 42300 | 905 | (1334) | (429) | 72 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 5660 | (123) | 55 | (68) | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 790 | 1 | (1) | 0 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 900 | (3) | (1) | (4) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 1100 | 8 | (2) | 6 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 1200 | 12 | (2) | 10 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 500 | 7 | (1) | 6 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2034 | 9800 | (678) | 296 | (382) | 0 | (20) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 06/05/2034 | 2300 | (9) | (53) | (62) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 700 | 28 | (1) | 27 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 48520 | 1815 | (1865) | (50) | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.994 | Annual | 07/02/2034 | 1800 | (6) | (31) | (37) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 1500 | (5) | (33) | (38) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 | 3500 | (11) | (29) | (40) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 6000 | (119) | 109 | (10) | 13 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 30450 | 737 | (705) | 32 | 0 | (71) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 19600 | 1319 | (391) | 928 | 45 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 19700 | (160) | 94 | (66) | 0 | (47) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 1900 | 11 | (19) | (8) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2036 | 1900 | 33 | (16) | 17 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 5600 | 172 | 152 | 324 | 17 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 10/16/2053 | 400 | 17 | (37) | (20) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 | 1200 | 47 | (108) | (61) | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 1600 | 109 | 139 | 248 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.086 | Annual | 01/13/2055 | 3100 | 7 | 44 | 51 | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 86900 | 2991 | 3287 | 6278 | 284 | 0 |
| Pay | 1-Year BRL-CDI | 9.808 | Maturity | 01/02/2026 | 259400 | (11) | (2434) | (2445) | 0 | (2) |
| Receive | 1-Year BRL-CDI | 10.164 | Maturity | 01/02/2026 | 12690 | 8 | 121 | 129 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.529 | Maturity | 01/02/2026 | 156500 | (237) | 1417 | 1180 | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 62 | 73 | 104 | 135 | 158 | 187 | 211 |
| Pay | 1-Year BRL-CDI | 10.691 | Maturity | 01/02/2026 |  | 210800 | 476 | (1874) | (1398) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 6.151 | Maturity | 01/04/2027 |  | 245300 | (6909) | (4990) | (11899) | 0 | (9) |
| Pay | 1-Year BRL-CDI | 8.654 | Maturity | 01/04/2027 |  | 66920 | 50 | (935) | (885) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 9.783 | Maturity | 01/04/2027 |  | 259000 | 63 | 3678 | 3741 | 2 | 0 |
| Pay | 1-Year BRL-CDI | 9.795 | Maturity | 01/04/2027 |  | 89400 | 0 | (1272) | (1272) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 9.815 | Maturity | 01/04/2027 |  | 75600 | 0 | (1047) | (1047) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 9.832 | Maturity | 01/04/2027 |  | 68800 | 0 | (947) | (947) | 0 | (1) |
| Receive | 1-Year BRL-CDI | 9.840 | Maturity | 01/04/2027 |  | 116900 | 0 | 1630 | 1630 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 9.840 | Maturity | 01/04/2027 |  | 96900 | 0 | (1359) | (1359) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 9.842 | Maturity | 01/04/2027 |  | 129700 | 0 | (1781) | (1781) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.076 | Maturity | 01/04/2027 |  | 214200 | (187) | (3072) | (3259) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 10.225 | Maturity | 01/04/2027 |  | 49450 | 0 | (591) | (591) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.235 | Maturity | 01/04/2027 |  | 49450 | 0 | (589) | (589) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.565 | Maturity | 01/04/2027 |  | 66900 | 0 | (701) | (701) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.602 | Maturity | 01/04/2027 |  | 59400 | 74 | (824) | (750) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 10.671 | Maturity | 01/04/2027 |  | 137300 | 0 | 1379 | 1379 | 1 | 0 |
| Receive | 1-Year BRL-CDI | 10.768 | Maturity | 01/04/2027 |  | 34200 | (113) | 459 | 346 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.792 | Maturity | 01/04/2027 |  | 147400 | 470 | (1983) | (1513) | 0 | (1) |
| Receive | 1-Year BRL-CDI | 10.880 | Maturity | 01/04/2027 |  | 227600 | 0 | 2086 | 2086 | 1 | 0 |
| Receive | 1-Year BRL-CDI | 10.943 | Maturity | 01/04/2027 |  | 104900 | 0 | 939 | 939 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.980 | Maturity | 01/04/2027 |  | 113500 | 0 | (993) | (993) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.064 | Maturity | 01/04/2027 |  | 81100 | 359 | (1068) | (709) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.133 | Maturity | 01/04/2027 |  | 96200 | 0 | 792 | 792 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.169 | Maturity | 01/04/2027 |  | 148000 | 97 | (2073) | (1976) | 0 | (1) |
| Receive | 1-Year BRL-CDI | 11.513 | Maturity | 01/04/2027 |  | 83900 | 0 | 591 | 591 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.560 | Maturity | 01/04/2027 |  | 66300 | 0 | 456 | 456 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.600 | Maturity | 01/04/2027 |  | 139600 | 0 | 904 | 904 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.603 | Maturity | 01/04/2027 |  | 162200 | 0 | 1049 | 1049 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.736 | Maturity | 01/04/2027 |  | 210100 | 0 | 1246 | 1246 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 565900 | 3 | (478) | (475) | 0 | (90) |
| Receive | 1-Year BRL-CDI | 14.020 | Maturity | 01/04/2027 |  | 149400 | 0 | 64 | 64 | 0 | (1) |
| Receive | 1-Year BRL-CDI | 14.350 | Maturity | 01/04/2027 |  | 254500 | 0 | (89) | (89) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 14.995 | Maturity | 01/04/2027 |  | 121900 | 0 | 254 | 254 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 11.695 | Maturity | 01/03/2028 |  | 51000 | 0 | (347) | (347) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 10.044 | Maturity | 01/02/2029 |  | 68500 | (230) | (981) | (1211) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 10.386 | Maturity | 01/02/2029 |  | 3500 | 1 | (59) | (58) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.490 | Maturity | 01/02/2029 |  | 51300 | 0 | (460) | (460) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.523 | Maturity | 01/02/2029 |  | 97000 | 0 | (835) | (835) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 11.655 | Maturity | 01/02/2029 |  | 155200 | 0 | (1227) | (1227) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 11.730 | Maturity | 01/02/2029 |  | 58600 | 0 | (455) | (455) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.255 | Maturity | 01/02/2029 |  | 55700 | 0 | 288 | 288 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.716 | Maturity | 01/02/2029 |  | 285800 | 0 | (493) | (493) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 12.750 | Maturity | 01/02/2029 |  | 111200 | 0 | (178) | (178) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.760 | Maturity | 01/02/2029 |  | 157200 | 0 | 419 | 419 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 12.808 | Maturity | 01/02/2029 |  | 292900 | 0 | 402 | 402 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 12.905 | Maturity | 01/02/2029 |  | 32300 | 0 | (42) | (42) | 0 | (13) |
| Pay | 1-Year BRL-CDI | 13.055 | Maturity | 01/02/2029 |  | 316400 | 0 | (334) | (334) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.056 | Maturity | 01/02/2029 |  | 315300 | 0 | (286) | (286) | 0 | (2) |
| Receive | 1-Year BRL-CDI | 13.060 | Maturity | 01/02/2029 |  | 268100 | 0 | 163 | 163 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.175 | Maturity | 01/02/2029 |  | 60300 | (4) | (49) | (53) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.270 | Maturity | 01/02/2029 |  | 78500 | 0 | 39 | 39 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 13.289 | Maturity | 01/02/2029 |  | 427100 | 0 | (225) | (225) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 166200 | 0 | (157) | (157) | 0 | (58) |
| Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 17800 | 0 | (13) | (13) | 0 | (5) |
| Receive | 1-Year BRL-CDI | 13.357 | Maturity | 01/02/2029 |  | 328800 | 0 | (124) | (124) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 13.405 | Maturity | 01/02/2029 |  | 131600 | 0 | 1 | 1 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.425 | Maturity | 01/02/2029 |  | 52800 | 0 | 5 | 5 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.430 | Maturity | 01/02/2029 |  | 103400 | 0 | 12 | 12 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.500 | Maturity | 01/02/2029 |  | 92500 | 0 | 24 | 24 | 0 | (1) |
| Receive | 1-Year BRL-CDI | 13.518 | Maturity | 01/02/2029 |  | 81600 | 0 | (30) | (30) | 1 | 0 |
| Receive | 1-Year BRL-CDI | 13.545 | Maturity | 01/02/2029 |  | 81500 | 0 | (41) | (41) | 1 | 0 |
| Receive | 1-Year BRL-CDI | 13.589 | Maturity | 01/02/2029 |  | 168800 | 0 | (122) | (122) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.615 | Maturity | 01/02/2029 |  | 57000 | 30 | 14 | 44 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.680 | Maturity | 01/02/2029 |  | 140100 | 0 | 155 | 155 | 0 | (1) |
| Receive | 1-Year BRL-CDI | 13.844 | Maturity | 01/02/2029 |  | 53800 | 0 | (91) | (91) | 1 | 0 |
| Receive | 1-Year BRL-CDI | 13.923 | Maturity | 01/02/2029 |  | 75900 | 0 | (153) | (153) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.998 | Maturity | 01/02/2029 |  | 245400 | 0 | 568 | 568 | 0 | (2) |
| Receive | 1-Year BRL-CDI | 14.087 | Maturity | 01/02/2029 |  | 34300 | 0 | (110) | (110) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 14.185 | Maturity | 01/02/2029 |  | 125300 | 0 | 399 | 399 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 14.213 | Maturity | 01/02/2029 |  | 67300 | 0 | 222 | 222 | 0 | (1) |
| Receive | 1-Year BRL-CDI | 14.245 | Maturity | 01/02/2029 |  | 32200 | 0 | (108) | (108) | 0 | 0 |
| Receive | 1-Year BRL-CDI | 14.524 | Maturity | 01/02/2029 |  | 130000 | 0 | (609) | (609) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 14.570 | Maturity | 01/02/2029 |  | 53500 | 0 | 254 | 254 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 15.036 | Maturity | 01/02/2029 |  | 75300 | 0 | 521 | 521 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 12.867 | Maturity | 01/02/2031 |  | 239300 | 0 | (922) | (922) | 0 | (421) |
| Pay | 1-Year BRL-CDI | 13.470 | Maturity | 01/02/2031 |  | 51400 | (3) | 20 | 17 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.575 | Maturity | 01/02/2031 |  | 18300 | 0 | 13 | 13 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.580 | Maturity | 01/02/2031 |  | 17300 | 0 | 13 | 13 | 0 | 0 |
| Receive | 1-Year BRL-CDI | 11.900 | Maturity | 01/03/2033 |  | 26000 | 0 | 241 | 241 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.940 | Maturity | 01/03/2033 |  | 19900 | 0 | (178) | (178) | 0 | 0 |
| Pay<sup>(6)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 06/18/2030 | CNY | 299600 | (160) | 43 | (117) | 3 | 0 |
| Pay<sup>(6)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 03/18/2031 |  | 785140 | (750) | 273 | (477) | 16 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.600 | Quarterly | 04/11/2026 | COP | 16564270 | 0 | (11) | (11) | 0 | 0 |

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------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 73 | 104 | 135 | 158 | 187 | 211 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.150 | Quarterly | 03/19/2027 | 60504410 | 0 | (467) | (467) | 0 | (14) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.342 | Quarterly | 09/17/2027 | 56202000 | 0 | (576) | (576) | 0 | (7) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.260 | Quarterly | 12/26/2027 | 84358600 | 0 | 1041 | 1041 | 3 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.280 | Quarterly | 12/26/2027 | 48932400 | 0 | 599 | 599 | 2 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.565 | Quarterly | 12/30/2027 | 28972200 | 0 | 317 | 317 | 1 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.900 | Quarterly | 04/28/2028 | 59264300 | 0 | 983 | 983 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.970 | Quarterly | 04/28/2028 | 24095100 | 0 | 390 | 390 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.150 | Quarterly | 04/28/2028 | 24059200 | 0 | 364 | 364 | 0 | (1) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.820 | Quarterly | 06/05/2028 | 30026100 | 370 | (720) | (350) | 1 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.360 | Quarterly | 09/17/2028 | 84272900 | 0 | 1311 | 1311 | 0 | (10) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.400 | Quarterly | 09/17/2028 | 67784700 | 0 | 1037 | 1037 | 0 | (8) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.050 | Quarterly | 10/03/2028 | 1151860 | 18 | (31) | (13) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.215 | Quarterly | 11/14/2028 | 4936200 | 4 | (89) | (85) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.290 | Quarterly | 01/22/2029 | 5197340 | (1) | (129) | (130) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.152 | Quarterly | 04/25/2029 | 50802100 | 0 | (1004) | (1004) | 15 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.770 | Quarterly | 07/18/2029 | 77771500 | 0 | (1862) | (1862) | 27 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.933 | Quarterly | 08/22/2029 | 56133400 | 0 | 830 | 830 | 0 | (16) |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.110 | Quarterly | 10/02/2029 | 39060000 | 0 | (1205) | (1205) | 16 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 7.760 | Quarterly | 11/21/2029 | 34948500 | 0 | (891) | (891) | 13 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.430 | Quarterly | 05/15/2030 | 11935200 | 0 | 257 | 257 | 0 | (5) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.498 | Quarterly | 05/16/2030 | 42921000 | 0 | 897 | 897 | 0 | (18) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.725 | Quarterly | 06/10/2030 | 2349000 | 0 | (45) | (45) | 1 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.770 | Quarterly | 06/10/2030 | 7049000 | 0 | (131) | (131) | 3 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.790 | Quarterly | 06/10/2030 | 4699000 | 0 | (86) | (86) | 2 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.140 | Quarterly | 06/18/2030 | 17415000 | 0 | (426) | (426) | 8 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.210 | Quarterly | 06/18/2030 | 9939000 | 0 | (237) | (237) | 5 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.250 | Quarterly | 06/18/2030 | 4969000 | 0 | (116) | (116) | 2 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.260 | Quarterly | 06/18/2030 | 4993000 | 0 | (117) | (117) | 2 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.300 | Quarterly | 06/18/2030 | 315100 | 0 | (7) | (7) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.310 | Quarterly | 06/18/2030 | 34943700 | 0 | (799) | (799) | 16 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.350 | Quarterly | 06/18/2030 | 34143800 | 21 | 747 | 768 | 0 | (15) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.535 | Quarterly | 06/18/2030 | 30470700 | 0 | (634) | (634) | 13 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.800 | Quarterly | 06/18/2030 | 47582000 | 6 | 867 | 873 | 0 | (20) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.598 | Quarterly | 09/17/2030 | 6914000 | 0 | (145) | (145) | 3 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.630 | Quarterly | 09/17/2030 | 3230600 | 0 | (67) | (67) | 2 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.650 | Quarterly | 09/17/2030 | 14657000 | (1) | 301 | 300 | 0 | (7) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.700 | Quarterly | 09/17/2030 | 11921000 | (1) | 240 | 239 | 0 | (5) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.710 | Quarterly | 09/17/2030 | 62323900 | 0 | (1241) | (1241) | 28 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.755 | Quarterly | 09/17/2030 | 11232900 | 0 | (219) | (219) | 5 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.020 | Quarterly | 12/04/2030 | 2958600 | (24) | 105 | 81 | 0 | (1) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.300 | Quarterly | 12/17/2030 | 21718000 | 0 | (321) | (321) | 9 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.650 | Quarterly | 12/17/2030 | 39172700 | 0 | (441) | (441) | 15 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.725 | Quarterly | 12/17/2030 | 28774000 | 0 | (302) | (302) | 11 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 62 | 73 | 104 | 135 | 158 | 187 | 211 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.788 | Quarterly | 12/17/2030 |  | 57547000 | 0 | (569) | (569) | 21 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 4.155 | Quarterly | 01/15/2031 |  | 34133000 | 1326 | 1035 | 2361 | 0 | (27) |
| Receive | 3-Month COP-IBR Compounded-OIS | 4.115 | Quarterly | 02/01/2031 |  | 13423000 | 527 | 405 | 932 | 0 | (11) |
| Receive | 3-Month COP-IBR Compounded-OIS | 5.950 | Quarterly | 03/26/2031 |  | 6198160 | 108 | 202 | 310 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.705 | Quarterly | 03/26/2031 |  | 14268750 | (63) | 518 | 455 | 0 | (7) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.540 | Quarterly | 08/09/2031 |  | 13200000 | 0 | 474 | 474 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.580 | Quarterly | 08/09/2031 |  | 13275200 | 0 | 471 | 471 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.650 | Quarterly | 08/12/2031 |  | 12195800 | 0 | 423 | 423 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.520 | Quarterly | 08/13/2031 |  | 11596300 | 0 | 419 | 419 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.410 | Quarterly | 09/30/2031 |  | 16549600 | 205 | 417 | 622 | 0 | (4) |
| Pay | 3-Month COP-IBR Compounded-OIS | 8.690 | Quarterly | 12/26/2031 |  | 52936000 | 0 | (1284) | (1284) | 3 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.045 | Quarterly | 12/30/2031 |  | 14556100 | 0 | (295) | (295) | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.800 | Quarterly | 06/30/2032 |  | 9011400 | (47) | 376 | 329 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.490 | Quarterly | 06/30/2032 |  | 231550 | (3) | 7 | 4 | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.490 | Quarterly | 06/30/2032 |  | 231550 | 3 | (7) | (4) | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.990 | Quarterly | 11/25/2034 |  | 42551500 | 62 | 1755 | 1817 | 0 | (18) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.655 | Quarterly | 01/24/2035 |  | 6712000 | 0 | (122) | (122) | 2 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.820 | Quarterly | 01/24/2035 |  | 25021900 | 0 | (392) | (392) | 5 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.525 | Quarterly | 06/18/2035 |  | 17280000 | 3 | 359 | 362 | 0 | (4) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.110 | Quarterly | 09/17/2035 |  | 27551200 | 0 | (765) | (765) | 7 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.155 | Quarterly | 09/17/2035 |  | 34573500 | 0 | (936) | (936) | 8 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.329 | Quarterly | 12/17/2035 |  | 94322500 | 0 | 2339 | 2339 | 0 | (19) |
| Pay | 3-Month ILS-TELBOR | 3.950 | Annual | 10/13/2035 | ILS | 11700 | 26 | (6) | 20 | 6 | 0 |
| Receive | 3-Month ILS-TELBOR | 4.135 | Annual | 12/05/2035 |  | 13800 | (59) | (32) | (91) | 0 | (7) |
| Pay | 3-Month KRW-KORIBOR | 2.578 | Quarterly | 11/04/2026 | KRW | 96362330 | 0 | (85) | (85) | 0 | 0 |
| Receive | 3-Month KRW-KORIBOR | 2.783 | Quarterly | 11/17/2026 |  | 95613800 | 0 | (27) | (27) | 0 | (2) |
| Pay<sup>(6)</sup> | 3-Month MYR-KLIBOR | 3.000 | Quarterly | 03/18/2028 | MYR | 453590 | (209) | (308) | (517) | 0 | (11) |
| Pay<sup>(6)</sup> | 3-Month MYR-KLIBOR | 3.000 | Quarterly | 03/18/2031 |  | 210380 | (576) | (327) | (903) | 0 | (2) |
| Pay | 3-Month PLN-WIBOR | 4.680 | Annual | 04/25/2029 | PLN | 7700 | 0 | 121 | 121 | 2 | 0 |
| Receive | 3-Month PLN-WIBOR | 5.000 | Annual | 04/25/2029 |  | 33400 | 0 | (635) | (635) | 0 | (9) |
| Receive | 3-Month PLN-WIBOR | 4.820 | Annual | 07/25/2029 |  | 33200 | 0 | (358) | (358) | 0 | (8) |
| Receive | 3-Month PLN-WIBOR | 4.930 | Annual | 07/25/2029 |  | 23200 | 0 | (276) | (276) | 0 | (6) |
| Receive | 3-Month PLN-WIBOR | 5.010 | Annual | 07/25/2029 |  | 31600 | 0 | (403) | (403) | 0 | (8) |
| Pay | 3-Month PLN-WIBOR | 4.794 | Annual | 10/25/2029 |  | 1200 | 0 | 13 | 13 | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.855 | Annual | 02/10/2030 |  | 51000 | 46 | 926 | 972 | 14 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.075 | Annual | 04/11/2030 |  | 27700 | 36 | 225 | 261 | 8 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.015 | Annual | 04/17/2030 |  | 21900 | 0 | (191) | (191) | 0 | (7) |
| Receive | 3-Month PLN-WIBOR | 4.019 | Annual | 04/18/2030 |  | 21600 | 0 | (190) | (190) | 0 | (6) |
| Pay | 3-Month PLN-WIBOR | 4.048 | Annual | 04/18/2030 |  | 16800 | 7 | 147 | 154 | 5 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.049 | Annual | 04/18/2030 |  | 15600 | 0 | (143) | (143) | 0 | (5) |
| Receive | 3-Month PLN-WIBOR | 4.065 | Annual | 04/18/2030 |  | 10800 | 0 | (101) | (101) | 0 | (3) |
| Pay | 3-Month PLN-WIBOR | 3.962 | Annual | 05/06/2030 |  | 46900 | (94) | 476 | 382 | 13 | 0 |
| Pay | 3-Month PLN-WIBOR | 3.952 | Annual | 07/29/2030 |  | 22400 | (37) | 74 | 37 | 6 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.195 | Annual | 09/29/2030 |  | 14800 | 0 | (75) | (75) | 0 | (5) |
| Receive | 3-Month PLN-WIBOR | 4.065 | Annual | 11/24/2030 |  | 48290 | (113) | (73) | (186) | 0 | (16) |
| Receive | 3-Month PLN-WIBOR | 5.060 | Annual | 04/25/2032 |  | 54970 | (763) | (655) | (1418) | 0 | (25) |
| Pay | 3-Month PLN-WIBOR | 4.760 | Annual | 10/25/2033 |  | 7100 | 0 | 102 | 102 | 4 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.850 | Annual | 10/25/2033 |  | 16000 | 0 | 256 | 256 | 9 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.970 | Annual | 10/25/2033 |  | 2900 | 0 | 53 | 53 | 2 | 0 |
| Pay | 3-Month PLN-WIBOR | 5.055 | Annual | 10/25/2033 |  | 19100 | 0 | 380 | 380 | 11 | 0 |
| Pay | 3-Month PLN-WIBOR | 5.155 | Annual | 10/25/2034 |  | 23900 | 0 | 533 | 533 | 14 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.440 | Annual | 09/19/2035 |  | 22600 | (9) | 144 | 135 | 11 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.393 | Annual | 10/16/2035 |  | 25870 | 1 | (130) | (129) | 0 | (12) |
| Pay | 3-Month PLN-WIBOR | 4.356 | Annual | 10/17/2035 |  | 12790 | 0 | 53 | 53 | 6 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.434 | Annual | 11/03/2035 |  | 19000 | 0 | (111) | (111) | 0 | (8) |
| Receive | 3-Month PLN-WIBOR | 4.430 | Annual | 11/10/2035 |  | 1700 | 0 | (10) | (10) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.370 | Annual | 11/25/2035 |  | 9700 | 0 | 43 | 43 | 4 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.475 | Annual | 11/26/2035 |  | 27000 | (103) | (82) | (185) | 0 | (11) |
| Pay | 3-Month PLN-WIBOR | 4.235 | Annual | 11/27/2035 |  | 5300 | 0 | 8 | 8 | 2 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 |  | 125630 | 0 | (40) | (40) | 0 | (8) |

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------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 62 | 73 | 104 | 135 | 158 | 187 | 211 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 23300 | 0 | 2 | 2 | 0 | (2) |
| Receive | 3-Month PLN-WIBOR | 4.340 | Annual | 12/12/2035 |  | 8000 | 0 | (31) | (31) | 0 | (3) |
| Pay | 3-Month PLN-WIBOR | 4.285 | Annual | 12/19/2035 |  | 13000 | 0 | 34 | 34 | 5 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.445 | Annual | 12/22/2035 |  | 7700 | (27) | (21) | (48) | 0 | (3) |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.730 | Annual | 12/31/2035 |  | 14900 | 0 | (3) | (3) | 0 | (1) |
| Receive | 3-Month SEK-STIBOR | 2.021 | Annual | 10/07/2029 | SEK | 293900 | (9) | 464 | 455 | 0 | (35) |
| Pay | 3-Month SEK-STIBOR | 2.298 | Annual | 10/07/2029 |  | 291800 | 1 | (115) | (114) | 36 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.100 | Quarterly | 06/05/2026 | ZAR | 94500 | 0 | (40) | (40) | 0 | (1) |
| Pay | 3-Month ZAR-JIBAR | 6.690 | Quarterly | 11/04/2026 |  | 257500 | (362) | 370 | 8 | 2 | 0 |
| Receive | 3-Month ZAR-JIBAR | 9.290 | Quarterly | 05/26/2028 |  | 138000 | (352) | (211) | (563) | 0 | (6) |
| Pay | 3-Month ZAR-JIBAR | 8.440 | Quarterly | 11/02/2028 |  | 101700 | 79 | 264 | 343 | 4 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 11/10/2028 |  | 145200 | (103) | (380) | (483) | 0 | (5) |
| Receive | 3-Month ZAR-JIBAR | 8.140 | Quarterly | 11/16/2028 |  | 41400 | (6) | (113) | (119) | 0 | (1) |
| Pay | 3-Month ZAR-JIBAR | 7.560 | Quarterly | 08/23/2029 |  | 238000 | (62) | 596 | 534 | 8 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.980 | Quarterly | 01/31/2030 |  | 263400 | 0 | 873 | 873 | 10 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.355 | Quarterly | 01/31/2030 |  | 165800 | 426 | 265 | 691 | 7 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.820 | Quarterly | 01/31/2030 |  | 312300 | (722) | (906) | (1628) | 0 | (14) |
| Pay | 3-Month ZAR-JIBAR | 7.730 | Quarterly | 03/12/2030 |  | 131400 | (16) | 376 | 360 | 5 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.775 | Quarterly | 03/18/2030 |  | 154000 | 0 | (437) | (437) | 0 | (6) |
| Receive | 3-Month ZAR-JIBAR | 7.810 | Quarterly | 03/27/2030 |  | 125500 | (24) | (341) | (365) | 0 | (5) |
| Pay | 3-Month ZAR-JIBAR | 7.570 | Quarterly | 05/27/2030 |  | 64800 | 0 | 158 | 158 | 3 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.700 | Quarterly | 06/18/2030 |  | 338710 | (102) | (820) | (922) | 0 | (16) |
| Pay | 3-Month ZAR-JIBAR | 7.860 | Quarterly | 06/18/2030 |  | 242800 | (6) | 758 | 752 | 12 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.650 | Quarterly | 06/20/2030 |  | 142543 | 158 | 213 | 371 | 7 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.810 | Quarterly | 06/20/2030 |  | 65896 | 0 | 196 | 196 | 3 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.270 | Quarterly | 08/26/2030 |  | 190800 | (45) | (283) | (328) | 0 | (9) |
| Pay | 3-Month ZAR-JIBAR | 7.370 | Quarterly | 08/26/2030 |  | 381400 | 202 | 549 | 751 | 18 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.220 | Quarterly | 09/02/2030 |  | 384100 | (96) | (515) | (611) | 0 | (18) |
| Pay | 3-Month ZAR-JIBAR | 7.310 | Quarterly | 09/02/2030 |  | 386100 | 231 | 469 | 700 | 19 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.880 | Quarterly | 09/17/2030 |  | 165800 | 0 | 123 | 123 | 8 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.040 | Quarterly | 09/22/2030 |  | 189878 | 0 | (215) | (215) | 0 | (10) |
| Pay | 3-Month ZAR-JIBAR | 7.560 | Quarterly | 09/22/2030 |  | 83950 | 0 | 202 | 202 | 5 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.310 | Quarterly | 10/02/2030 |  | 308600 | (86) | (480) | (566) | 0 | (17) |
| Pay | 3-Month ZAR-JIBAR | 7.410 | Quarterly | 10/02/2030 |  | 127700 | 0 | 268 | 268 | 7 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.860 | Quarterly | 10/15/2030 |  | 41700 | 0 | 27 | 27 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.770 | Quarterly | 11/12/2030 |  | 203700 | 0 | 81 | 81 | 10 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.155 | Quarterly | 11/26/2030 |  | 20700 | 0 | 29 | 29 | 1 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.160 | Quarterly | 11/26/2030 |  | 143100 | (64) | (139) | (203) | 0 | (8) |
| Receive | 3-Month ZAR-JIBAR | 7.070 | Quarterly | 12/04/2030 |  | 147900 | (44) | (130) | (174) | 0 | (8) |
| Pay | 3-Month ZAR-JIBAR | 7.180 | Quarterly | 12/04/2030 |  | 69510 | 0 | 102 | 102 | 4 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.040 | Quarterly | 12/23/2030 |  | 122200 | (49) | (83) | (132) | 0 | (7) |
| Receive | 3-Month ZAR-JIBAR | 7.080 | Quarterly | 12/31/2030 |  | 96500 | (38) | (76) | (114) | 0 | (114) |
| Pay | 3-Month ZAR-JIBAR | 8.160 | Quarterly | 03/31/2032 |  | 24200 | 0 | 99 | 99 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.190 | Quarterly | 03/31/2032 |  | 69900 | 0 | 293 | 293 | 6 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.872 | Quarterly | 07/24/2034 |  | 35600 | 28 | 210 | 238 | 5 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.800 | Semi-Annual | 02/13/2026 | CLP | 4399100 | 1 | (6) | (5) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 4.775 | Semi-Annual | 02/23/2026 |  | 23512800 | 121 | (137) | (16) | 0 | (11) |
| Pay | 6-Month CLP-CHILIBOR | 5.360 | Semi-Annual | 06/28/2026 |  | 23540000 | 0 | 122 | 122 | 12 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.960 | Semi-Annual | 03/19/2027 |  | 5258800 | 0 | (46) | (46) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 3.731 | Semi-Annual | 07/20/2028 |  | 7185000 | 491 | (303) | 188 | 0 | (4) |
| Pay | 6-Month CLP-CHILIBOR | 4.540 | Semi-Annual | 10/01/2028 |  | 2719700 | 0 | (1) | (1) | 2 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.580 | Semi-Annual | 10/01/2028 |  | 1680800 | 0 | (2) | (2) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.160 | Semi-Annual | 10/01/2028 |  | 1343200 | (28) | 2 | (26) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.220 | Semi-Annual | 10/01/2028 |  | 2906700 | (68) | 6 | (62) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 5.920 | Semi-Annual | 10/02/2028 |  | 3855000 | (204) | 35 | (169) | 0 | (2) |
| Receive | 6-Month CLP-CHILIBOR | 6.000 | Semi-Annual | 10/02/2028 |  | 7589000 | (427) | 75 | (352) | 0 | (5) |
| Receive | 6-Month CLP-CHILIBOR | 5.780 | Semi-Annual | 10/03/2028 |  | 2718600 | (128) | 21 | (107) | 0 | (2) |
| Pay | 6-Month CLP-CHILIBOR | 5.500 | Semi-Annual | 11/13/2028 |  | 4461100 | 87 | 48 | 135 | 3 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.050 | Semi-Annual | 07/19/2029 |  | 4076800 | 2 | 70 | 72 | 2 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.710 | Semi-Annual | 10/01/2029 |  | 8180000 | 0 | (21) | (21) | 0 | (4) |
| Receive | 6-Month CLP-CHILIBOR | 5.280 | Semi-Annual | 02/28/2030 |  | 21446500 | (271) | (318) | (589) | 0 | (13) |
| Pay | 6-Month CLP-CHILIBOR | 5.285 | Semi-Annual | 03/19/2030 |  | 2552200 | 0 | 70 | 70 | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.500 | Semi-Annual | 03/19/2030 |  | 1651000 | 0 | 62 | 62 | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.550 | Semi-Annual | 03/19/2030 |  | 156550 | 0 | 6 | 6 | 0 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 62 | 73 | 104 | 135 | 158 | 187 | 211 |
| Receive | 6-Month CLP-CHILIBOR | 4.750 | Semi-Annual | 04/10/2030 |  | 12581900 | 0 | (29) | (29) | 0 | (6) |
| Pay | 6-Month CLP-CHILIBOR | 4.690 | Semi-Annual | 06/18/2030 |  | 5426900 | 0 | (6) | (6) | 3 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.715 | Semi-Annual | 06/18/2030 |  | 5081300 | 0 | 0 | 0 | 0 | (3) |
| Pay | 6-Month CLP-CHILIBOR | 5.150 | Semi-Annual | 06/18/2030 |  | 6054800 | 1 | 120 | 121 | 3 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.180 | Semi-Annual | 06/18/2030 |  | 4571400 | 0 | 98 | 98 | 3 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.070 | Semi-Annual | 06/24/2031 |  | 9480000 | 0 | 129 | 129 | 4 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.970 | Semi-Annual | 06/18/2032 |  | 3919500 | 0 | 16 | 16 | 2 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 6.146 | Semi-Annual | 10/30/2032 |  | 18995000 | (1736) | 167 | (1569) | 0 | (11) |
| Receive | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 04/01/2033 |  | 2078800 | (77) | 11 | (66) | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 5.560 | Semi-Annual | 04/01/2033 |  | 1651000 | 0 | 71 | 71 | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.660 | Semi-Annual | 04/01/2033 |  | 1555000 | 0 | 78 | 78 | 1 | 0 |
| Receive<sup>(6)</sup> | 6-Month CLP-CHILIBOR | 5.250 | Annual | 05/13/2033 |  | 3525300 | 0 | 12 | 12 | 1 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.300 | Semi-Annual | 05/18/2033 |  | 2201210 | (63) | 12 | (51) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.360 | Semi-Annual | 05/18/2033 |  | 1393000 | (46) | 8 | (38) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.790 | Semi-Annual | 10/06/2033 |  | 5204000 | (343) | 32 | (311) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.940 | Semi-Annual | 10/20/2033 |  | 1185100 | (92) | 8 | (84) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.990 | Semi-Annual | 10/20/2033 |  | 11005540 | (896) | 74 | (822) | 1 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 6.235 | Semi-Annual | 10/26/2033 |  | 3462700 | (349) | 28 | (321) | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 11/16/2033 |  | 2437000 | 84 | (13) | 71 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.230 | Semi-Annual | 11/17/2033 |  | 4836500 | 102 | (24) | 78 | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 4.920 | Semi-Annual | 02/13/2034 |  | 1050300 | (2) | (6) | (8) | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.030 | Semi-Annual | 02/23/2034 |  | 5540500 | (51) | 55 | 4 | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 5.313 | Semi-Annual | 04/25/2034 |  | 5249900 | 0 | 113 | 113 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.360 | Semi-Annual | 04/26/2034 |  | 5158800 | 0 | 131 | 131 | 0 | 0 |
| Pay<sup>(6)</sup> | 6-Month CLP-CHILIBOR | 5.750 | Annual | 05/13/2034 |  | 3609000 | 0 | (1) | (1) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 5.450 | Semi-Annual | 06/28/2034 |  | 5759000 | 0 | (178) | (178) | 0 | (1) |
| Pay | 6-Month CLP-CHILIBOR | 5.400 | Semi-Annual | 07/03/2034 |  | 3768300 | 0 | 114 | 114 | 0 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.890 | Semi-Annual | 10/01/2034 |  | 2141900 | 0 | (31) | (31) | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 5.440 | Semi-Annual | 02/28/2035 |  | 6101000 | 0 | 192 | 192 | 4 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.140 | Semi-Annual | 03/01/2035 |  | 4650000 | 0 | (19) | (19) | 0 | (3) |
| Receive | 6-Month CLP-CHILIBOR | 5.210 | Semi-Annual | 03/01/2035 |  | 3480000 | 0 | (35) | (35) | 0 | (2) |
| Pay | 6-Month CLP-CHILIBOR | 5.120 | Semi-Annual | 06/18/2035 |  | 1953200 | 0 | 0 | 0 | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 4.611 | Annual | 06/06/2028 | CZK | 318230 | 465 | 268 | 733 | 8 | 0 |
| Pay | 6-Month CZK-PRIBOR | 4.388 | Annual | 11/15/2028 |  | 479700 | 644 | (157) | 487 | 15 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.765 | Annual | 01/09/2029 |  | 215600 | 60 | 181 | 241 | 7 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.645 | Annual | 02/01/2029 |  | 615200 | 0 | 538 | 538 | 21 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.534 | Annual | 03/21/2029 |  | 140600 | 0 | (95) | (95) | 0 | (5) |
| Pay | 6-Month CZK-PRIBOR | 4.250 | Annual | 04/18/2029 |  | 166500 | 205 | 119 | 324 | 7 | 0 |
| Receive | 6-Month CZK-PRIBOR | 4.130 | Annual | 06/03/2029 |  | 174800 | 1 | (296) | (295) | 0 | (7) |
| Receive | 6-Month CZK-PRIBOR | 3.530 | Annual | 07/15/2029 |  | 320500 | 0 | 94 | 94 | 0 | (13) |
| Pay | 6-Month CZK-PRIBOR | 3.580 | Annual | 10/25/2029 |  | 417000 | (5) | (109) | (114) | 21 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.365 | Annual | 11/28/2029 |  | 239200 | (165) | (3) | (168) | 12 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.550 | Annual | 01/24/2030 |  | 160300 | (23) | (57) | (80) | 0 | (9) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 62 | 73 | 104 | 135 | 158 | 187 | 211 |
| Pay | 6-Month CZK-PRIBOR | 3.470 | Annual | 02/05/2030 |  | 401200 | 16 | 103 | 119 | 24 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.130 | Annual | 04/09/2030 |  | 445700 | 125 | 103 | 228 | 0 | (31) |
| Pay | 6-Month CZK-PRIBOR | 3.145 | Annual | 04/09/2030 |  | 156700 | (27) | (48) | (75) | 11 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.290 | Annual | 04/30/2030 |  | 79900 | 0 | 13 | 13 | 0 | (6) |
| Receive | 6-Month CZK-PRIBOR | 3.258 | Annual | 05/05/2030 |  | 97300 | 0 | 23 | 23 | 0 | (7) |
| Receive | 6-Month CZK-PRIBOR | 3.315 | Annual | 05/06/2030 |  | 108800 | 0 | 12 | 12 | 0 | (8) |
| Receive | 6-Month CZK-PRIBOR | 3.325 | Annual | 05/06/2030 |  | 274100 | 0 | 23 | 23 | 0 | (20) |
| Receive | 6-Month CZK-PRIBOR | 3.405 | Annual | 05/14/2030 |  | 124300 | 0 | (11) | (11) | 0 | (9) |
| Receive | 6-Month CZK-PRIBOR | 3.485 | Annual | 05/16/2030 |  | 95700 | 0 | (26) | (26) | 0 | (7) |
| Pay | 6-Month CZK-PRIBOR | 3.363 | Annual | 05/29/2030 |  | 312800 | 0 | (9) | (9) | 23 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.554 | Annual | 06/11/2030 |  | 462900 | 49 | (235) | (186) | 0 | (35) |
| Receive | 6-Month CZK-PRIBOR | 3.575 | Annual | 07/03/2030 |  | 1343800 | 983 | (418) | 565 | 0 | (109) |
| Pay | 6-Month CZK-PRIBOR | 3.735 | Annual | 08/05/2030 |  | 41100 | 0 | (4) | (4) | 4 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.705 | Annual | 08/12/2030 |  | 710990 | 0 | (110) | (110) | 64 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.708 | Annual | 08/13/2030 |  | 485400 | 5 | (78) | (73) | 43 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.513 | Annual | 09/30/2030 |  | 156900 | (69) | (27) | (96) | 15 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.777 | Annual | 10/15/2030 |  | 84740 | 0 | (4) | (4) | 9 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.767 | Annual | 10/17/2030 |  | 223400 | 0 | (15) | (15) | 23 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.761 | Annual | 10/20/2030 |  | 285900 | 0 | (23) | (23) | 29 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.999 | Annual | 11/14/2030 |  | 40100 | 0 | (17) | (17) | 0 | (4) |
| Pay | 6-Month CZK-PRIBOR | 4.018 | Annual | 11/25/2030 |  | 13200 | 0 | 6 | 6 | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.963 | Annual | 11/27/2030 |  | 116500 | 0 | 38 | 38 | 12 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.981 | Annual | 12/01/2030 |  | 121200 | 0 | 44 | 44 | 13 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.980 | Annual | 12/04/2030 |  | 129250 | (28) | 74 | 46 | 14 | 0 |
| Receive<sup>(6)</sup> | 6-Month CZK-PRIBOR | 3.920 | Annual | 02/09/2031 |  | 97900 | 0 | (18) | (18) | 0 | (11) |
| Receive<sup>(6)</sup> | 6-Month CZK-PRIBOR | 3.970 | Annual | 02/12/2031 |  | 124700 | 0 | (37) | (37) | 0 | (14) |
| Pay | 6-Month CZK-PRIBOR | 4.220 | Annual | 03/21/2033 |  | 271100 | 559 | (27) | 532 | 49 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.524 | Annual | 02/16/2034 |  | 364200 | (2) | 284 | 282 | 0 | (65) |
| Receive | 6-Month CZK-PRIBOR | 3.528 | Annual | 07/29/2034 |  | 114700 | 0 | 205 | 205 | 0 | (20) |
| Receive | 6-Month CZK-PRIBOR | 3.566 | Annual | 07/30/2034 |  | 44300 | 0 | 73 | 73 | 0 | (8) |
| Receive | 6-Month CZK-PRIBOR | 3.475 | Annual | 07/31/2034 |  | 44300 | 0 | 88 | 88 | 0 | (8) |
| Receive | 6-Month CZK-PRIBOR | 3.445 | Annual | 08/01/2034 |  | 74700 | 0 | 157 | 157 | 0 | (13) |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 |  | 697700 | 0 | 76 | 76 | 40 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 |  | 129200 | 0 | 5 | 5 | 7 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.530 | Annual | 12/31/2035 |  | 85400 | 0 | 9 | 9 | 4 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.287 | Annual | 11/25/2029 | EUR | 2400 | 0 | 20 | 20 | 1 | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 500 | 2 | (5) | (3) | 0 | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 54600 | (320) | (834) | (1154) | 0 | (75) |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 30100 | 823 | 972 | 1795 | 101 | 0 |
| Pay | 6-Month HUF-BBR | 2.420 | Annual | 08/02/2026 | HUF | 5709600 | (1283) | 585 | (698) | 0 | 0 |
| Pay | 6-Month HUF-BBR | 4.790 | Annual | 01/17/2027 |  | 11376280 | (797) | 864 | 67 | 8 | 0 |
| Receive | 6-Month HUF-BBR | 8.700 | Annual | 01/16/2028 |  | 6147700 | (1921) | (58) | (1979) | 0 | (25) |
| Pay | 6-Month HUF-BBR | 7.330 | Annual | 11/06/2028 |  | 2500100 | 504 | (219) | 285 | 14 | 0 |
| Receive | 6-Month HUF-BBR | 5.440 | Annual | 01/15/2029 |  | 1473600 | 9 | (47) | (38) | 0 | (7) |
| Receive | 6-Month HUF-BBR | 6.450 | Annual | 06/06/2029 |  | 519900 | 0 | (75) | (75) | 0 | (3) |
| Receive | 6-Month HUF-BBR | 6.299 | Annual | 06/10/2029 |  | 941300 | 0 | (119) | (119) | 0 | (5) |
| Pay | 6-Month HUF-BBR | 6.090 | Annual | 10/21/2029 |  | 8084100 | (385) | 484 | 99 | 85 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 26 | 40 | 62 | 73 | 104 | 135 | 158 | 187 | 211 |
| Pay | 6-Month HUF-BBR | 6.079 | Annual | 10/22/2029 |  | 1089100 | (60) | 69 | 9 | 8 | 0 |
| Pay | 6-Month HUF-BBR | 1.760 | Annual | 01/21/2030 |  | 1937700 | (1030) | 72 | (958) | 10 | 0 |
| Pay | 6-Month HUF-BBR | 6.363 | Annual | 01/31/2030 |  | 4291500 | 0 | 572 | 572 | 30 | 0 |
| Pay | 6-Month HUF-BBR | 6.430 | Annual | 02/04/2030 |  | 2715500 | 0 | 387 | 387 | 20 | 0 |
| Pay | 6-Month HUF-BBR | 6.511 | Annual | 02/05/2030 |  | 10076500 | 158 | 1391 | 1549 | 73 | 0 |
| Pay | 6-Month HUF-BBR | 6.392 | Annual | 03/11/2030 |  | 3054800 | 0 | 429 | 429 | 25 | 0 |
| Pay | 6-Month HUF-BBR | 6.650 | Annual | 03/13/2030 |  | 1331700 | 0 | 235 | 235 | 11 | 0 |
| Receive | 6-Month HUF-BBR | 6.265 | Annual | 04/08/2030 |  | 1040000 | 0 | (128) | (128) | 0 | (9) |
| Receive | 6-Month HUF-BBR | 6.250 | Annual | 04/09/2030 |  | 1710300 | 13 | (220) | (207) | 0 | (15) |
| Pay | 6-Month HUF-BBR | 5.875 | Annual | 05/09/2030 |  | 3322000 | (83) | 320 | 237 | 26 | 0 |
| Pay | 6-Month HUF-BBR | 5.890 | Annual | 05/09/2030 |  | 5849900 | (43) | 472 | 429 | 46 | 0 |
| Pay | 6-Month HUF-BBR | 6.270 | Annual | 06/16/2030 |  | 3926900 | 3 | 477 | 480 | 30 | 0 |
| Receive | 6-Month HUF-BBR | 6.210 | Annual | 06/26/2030 |  | 13871800 | 9 | (1625) | (1616) | 0 | (106) |
| Receive | 6-Month HUF-BBR | 6.319 | Annual | 11/03/2030 |  | 649100 | 0 | (21) | (21) | 0 | (6) |
| Receive | 6-Month HUF-BBR | 6.350 | Annual | 11/14/2030 |  | 1056500 | 0 | (38) | (38) | 0 | (9) |
| Receive | 6-Month HUF-BBR | 6.190 | Annual | 11/18/2030 |  | 6535920 | 227 | (322) | (95) | 0 | (54) |
| Receive | 6-Month HUF-BBR | 6.430 | Annual | 11/21/2030 |  | 10883400 | 0 | (498) | (498) | 0 | (91) |
| Receive | 6-Month HUF-BBR | 6.110 | Annual | 12/30/2030 |  | 1040550 | (25) | 20 | (5) | 0 | (8) |
| Pay | 6-Month HUF-BBR | 2.680 | Annual | 06/29/2031 |  | 1905500 | (946) | 103 | (843) | 10 | 0 |
| Receive | 6-Month HUF-BBR | 6.265 | Annual | 04/28/2032 |  | 83600 | 0 | (9) | (9) | 0 | (1) |
| Receive | 6-Month HUF-BBR | 6.270 | Annual | 04/28/2032 |  | 3200000 | 0 | (330) | (330) | 0 | (22) |
| Receive | 6-Month HUF-BBR | 6.100 | Annual | 02/08/2034 |  | 1362200 | 0 | (48) | (48) | 0 | (11) |
| Receive | 6-Month HUF-BBR | 6.580 | Annual | 05/16/2035 |  | 167500 | 0 | (21) | (21) | 0 | (2) |
| Pay | 6-Month PLN-WIBOR | 5.520 | Annual | 03/20/2026 | PLN | 7500 | 22 | 46 | 68 | 0 | 0 |
| Pay | 6-Month PLN-WIBOR | 1.460 | Annual | 05/28/2026 |  | 16700 | (308) | 281 | (27) | 0 | (1) |
| Pay | 6-Month PLN-WIBOR | 5.158 | Annual | 03/22/2027 |  | 155800 | (121) | 2039 | 1918 | 12 | 0 |
| Receive | 6-Month PLN-WIBOR | 5.175 | Annual | 03/24/2027 |  | 48900 | (183) | (428) | (611) | 0 | (4) |
| Receive | 6-Month PLN-WIBOR | 5.470 | Annual | 04/08/2027 |  | 76800 | (464) | (626) | (1090) | 0 | (7) |
| Receive | 6-Month PLN-WIBOR | 5.960 | Annual | 04/25/2027 |  | 82900 | (815) | (615) | (1430) | 0 | (7) |
| Receive | 6-Month PLN-WIBOR | 4.910 | Annual | 07/25/2027 |  | 6320 | (15) | (20) | (35) | 0 | 0 |
| Receive | 6-Month PLN-WIBOR | 4.735 | Annual | 10/09/2028 |  | 38600 | (91) | (225) | (316) | 0 | (11) |
| Receive | 6-Month PLN-WIBOR | 4.560 | Annual | 11/06/2028 |  | 59900 | (25) | (404) | (429) | 0 | (15) |
| Pay | 6-Month PLN-WIBOR | 4.440 | Annual | 01/09/2029 |  | 52900 | (12) | 656 | 644 | 12 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.730 | Annual | 02/16/2029 |  | 23000 | 0 | 357 | 357 | 6 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.810 | Annual | 02/16/2029 |  | 27800 | 0 | 455 | 455 | 7 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.660 | Annual | 02/19/2029 |  | 22200 | 0 | 328 | 328 | 6 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.970 | Annual | 03/21/2029 |  | 45900 | 9 | 835 | 844 | 13 | 0 |
| Pay | 6-Month PLN-WIBOR | 5.020 | Annual | 03/21/2029 |  | 12500 | 0 | 236 | 236 | 4 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.923 | Annual | 03/22/2029 |  | 54800 | (21) | 995 | 974 | 16 | 0 |
| Receive | 6-Month PLN-WIBOR | 4.510 | Annual | 04/25/2029 |  | 63600 | 0 | (883) | (883) | 0 | (17) |
| Receive | 6-Month PLN-WIBOR | 4.545 | Annual | 04/25/2029 |  | 33300 | 0 | (475) | (475) | 0 | (9) |
| Pay | 6-Month PLN-WIBOR | 5.105 | Annual | 07/12/2029 |  | 6800 | 0 | 93 | 93 | 2 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.865 | Annual | 07/18/2029 |  | 18300 | 0 | 205 | 205 | 4 | 0 |
| Pay | 6-Month PLN-WIBOR | 4.750 | Annual | 08/02/2029 |  | 17600 | 0 | 178 | 178 | 4 | 0 |
| Receive | 6-Month PLN-WIBOR | 4.259 | Annual | 08/08/2029 |  | 16100 | 0 | (81) | (81) | 0 | (4) |
| Receive | 6-Month PLN-WIBOR | 4.388 | Annual | 08/09/2029 |  | 23800 | 0 | (152) | (152) | 0 | (6) |
| Receive | 6-Month PLN-WIBOR | 4.415 | Annual | 08/12/2029 |  | 29100 | 0 | (195) | (195) | 0 | (7) |
| Pay | 6-Month PLN-WIBOR | 4.560 | Annual | 09/02/2029 |  | 13700 | (16) | 130 | 114 | 4 | 0 |
| Receive | 6-Month PLN-WIBOR | 5.220 | Annual | 03/20/2033 |  | 14700 | (166) | (273) | (439) | 0 | (8) |
| Receive | 6-Month PLN-WIBOR | 5.310 | Annual | 03/21/2033 |  | 29200 | (379) | (542) | (921) | 0 | (17) |
| Receive | 6-Month PLN-WIBOR | 4.740 | Annual | 10/25/2033 |  | 16800 | (38) | (196) | (234) | 0 | (10) |
| Pay | 28-Day MXN-TIIE | 8.075 | Lunar | 03/17/2027 | MXN | 334900 | 0 | 237 | 237 | 5 | 0 |
| Pay | 28-Day MXN-TIIE | 6.880 | Lunar | 03/02/2028 |  | 481200 | 0 | (199) | (199) | 12 | 0 |
| Pay | 28-Day MXN-TIIE | 6.882 | Lunar | 03/02/2028 |  | 682700 | 0 | (281) | (281) | 18 | 0 |
| Pay | 28-Day MXN-TIIE | 7.360 | Lunar | 03/02/2028 |  | 324000 | 0 | 46 | 46 | 9 | 0 |
| Receive | 28-Day MXN-TIIE | 7.430 | Lunar | 03/02/2028 |  | 79600 | 0 | (18) | (18) | 0 | (2) |
| Receive | 28-Day MXN-TIIE | 7.550 | Lunar | 03/02/2028 |  | 682000 | 0 | (247) | (247) | 0 | (19) |
| Receive | 28-Day MXN-TIIE | 7.560 | Lunar | 03/02/2028 |  | 312000 | 0 | (117) | (117) | 0 | (9) |
| Receive | 28-Day MXN-TIIE | 7.580 | Lunar | 03/02/2028 |  | 372400 | 0 | (148) | (148) | 0 | (11) |
| Pay | 28-Day MXN-TIIE | 9.295 | Lunar | 10/30/2028 |  | 41400 | 21 | 78 | 99 | 1 | 0 |
| Pay | 28-Day MXN-TIIE | 7.760 | Lunar | 03/01/2029 |  | 162000 | 0 | 80 | 80 | 5 | 0 |
| Receive | 28-Day MXN-TIIE | 8.250 | Lunar | 03/01/2029 |  | 79000 | (59) | (43) | (102) | 0 | (3) |
| Pay | 28-Day MXN-TIIE | 9.065 | Lunar | 03/01/2029 |  | 428400 | 0 | 1115 | 1115 | 16 | 0 |
| Pay | 28-Day MXN-TIIE | 7.790 | Lunar | 05/31/2029 |  | 189000 | 0 | 94 | 94 | 7 | 0 |
| Pay | 28-Day MXN-TIIE | 7.820 | Lunar | 05/31/2029 |  | 195900 | 0 | 108 | 108 | 7 | 0 |
| Pay | 28-Day MXN-TIIE | 7.825 | Lunar | 05/31/2029 |  | 186200 | 0 | 104 | 104 | 7 | 0 |
| Receive | 28-Day MXN-TIIE | 8.485 | Lunar | 05/31/2029 |  | 163200 | (185) | (91) | (276) | 0 | (6) |
| Receive | 28-Day MXN-TIIE | 8.495 | Lunar | 05/31/2029 |  | 486700 | 0 | (830) | (830) | 0 | (19) |
| Pay | 28-Day MXN-TIIE | 8.620 | Lunar | 12/05/2029 |  | 256800 | 0 | 518 | 518 | 13 | 0 |
| Receive | 28-Day MXN-TIIE | 8.665 | Lunar | 12/11/2029 |  | 179900 | 0 | (377) | (377) | 0 | (9) |
| Pay | 28-Day MXN-TIIE | 8.800 | Lunar | 12/12/2029 |  | 284900 | 120 | 552 | 672 | 15 | 0 |
| Receive | 28-Day MXN-TIIE | 8.950 | Lunar | 12/17/2029 |  | 96700 | 0 | (255) | (255) | 0 | (5) |
| Pay | 28-Day MXN-TIIE | 9.135 | Lunar | 12/27/2029 |  | 83900 | 0 | 257 | 257 | 5 | 0 |
| Pay | 28-Day MXN-TIIE | 9.150 | Lunar | 12/31/2029 |  | 27600 | 0 | 85 | 85 | 2 | 0 |
| Receive | 28-Day MXN-TIIE | 9.180 | Lunar | 01/08/2030 |  | 117800 | 0 | (368) | (368) | 0 | (7) |
| Pay | 28-Day MXN-TIIE | 8.650 | Lunar | 01/31/2030 |  | 28000 | 0 | 59 | 59 | 2 | 0 |
| Receive | 28-Day MXN-TIIE | 8.267 | Lunar | 02/28/2030 |  | 679400 | 0 | (905) | (905) | 0 | (38) |
| Pay | 28-Day MXN-TIIE | 8.360 | Lunar | 03/13/2030 |  | 21200 | 0 | 32 | 32 | 1 | 0 |
| Receive | 28-Day MXN-TIIE | 8.480 | Lunar | 03/13/2030 |  | 51300 | 0 | (89) | (89) | 0 | (3) |
| Pay | 28-Day MXN-TIIE | 7.720 | Lunar | 04/01/2030 |  | 100400 | 0 | 20 | 20 | 6 | 0 |
| Pay | 28-Day MXN-TIIE | 7.750 | Lunar | 04/01/2030 |  | 162000 | 7 | 35 | 42 | 9 | 0 |
| Pay | 28-Day MXN-TIIE | 7.775 | Lunar | 04/01/2030 |  | 140300 | 0 | 44 | 44 | 8 | 0 |
| Pay | 28-Day MXN-TIIE | 7.790 | Lunar | 04/01/2030 |  | 60100 | 0 | 21 | 21 | 3 | 0 |
| Pay | 28-Day MXN-TIIE | 7.582 | Lunar | 04/02/2030 |  | 294100 | 0 | (25) | (25) | 16 | 0 |
| Pay | 28-Day MXN-TIIE | 7.748 | Lunar | 04/02/2030 |  | 63100 | 0 | 16 | 16 | 4 | 0 |
| Pay | 28-Day MXN-TIIE | 7.753 | Lunar | 04/16/2030 |  | 304700 | 0 | 81 | 81 | 17 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 13 | 17 | 26 | 37 | 55 | 92 | 102 | 107 | 133 | 135 | 157 | 158 | 186 | 187 | 198 | 210 | 211 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.775 | Lunar | Lunar | 06/12/2030 | 171700 |  | 0 |  | (48) |  | (48) |  | 0 | 0 |  | (11) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.790 | Lunar | Lunar | 06/12/2030 | 147000 |  | 0 |  | (46) |  | (46) |  | 0 | 0 |  | (9) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.800 | Lunar | Lunar | 06/12/2030 | 464400 |  | 0 |  | (155) |  | (155) |  | 0 | 0 |  | (29) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.936 | Lunar | Lunar | 06/12/2030 | 389600 |  | (33) |  | (211) |  | (244) |  | 0 | 0 |  | (25) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.460 | Lunar | Lunar | 08/27/2030 | 205500 |  | 0 |  | (99) |  | (99) |  | 14 | 14 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.500 | Lunar | Lunar | 09/11/2030 | 207700 |  | 0 |  | (83) |  | (83) |  | 14 | 14 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.610 | Lunar | Lunar | 09/20/2030 | 290300 |  | (83) |  | 131 |  | 48 |  | 0 | 0 |  | (20) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.740 | Lunar | Lunar | 09/20/2030 | 119000 |  | 0 |  | 15 |  | 15 |  | 8 | 8 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.310 | Lunar | Lunar | 11/01/2030 | 120400 |  | (16) |  | (90) |  | (106) |  | 9 | 9 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.375 | Lunar | Lunar | 11/21/2030 | 108100 |  | 47 |  | 35 |  | 82 |  | 0 | 0 |  | (8) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.700 | Lunar | Lunar | 12/24/2030 | 115750 |  | 0 |  | (5) |  | (5) |  | 9 | 9 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.290 | Lunar | Lunar | 02/27/2032 | 53500 |  | 0 |  | 65 |  | 65 |  | 5 | 5 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.545 | Lunar | Lunar | 11/23/2034 | 60700 |  | 0 |  | 98 |  | 98 |  | 5 | 5 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.820 | Lunar | Lunar | 11/23/2034 | 78800 |  | 0 |  | (205) |  | (205) |  | 0 | 0 |  | (7) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.131 | Lunar | Lunar | 12/11/2034 | 88600 |  | 0 |  | (325) |  | (325) |  | 0 | 0 |  | (7) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.370 | Lunar | Lunar | 12/21/2034 | 88800 |  | 0 |  | 407 |  | 407 |  | 8 | 8 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.340 | Lunar | Lunar | 12/27/2034 | 124400 |  | 0 |  | 554 |  | 554 |  | 11 | 11 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.295 | Lunar | Lunar | 12/28/2034 | 84000 |  | 0 |  | 360 |  | 360 |  | 7 | 7 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.295 | Lunar | Lunar | 12/29/2034 | 128100 |  | 0 |  | 548 |  | 548 |  | 11 | 11 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.855 | Lunar | Lunar | 02/09/2035 | 212900 |  | 0 |  | (565) |  | (565) |  | 0 | 0 |  | (18) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.515 | Lunar | Lunar | 02/22/2035 | 138300 |  | 0 |  | (200) |  | (200) |  | 0 | 0 |  | (11) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.270 | Lunar | Lunar | 03/07/2035 | 33000 |  | 1 |  | 16 |  | 17 |  | 3 | 3 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.640 | Lunar | Lunar | 03/07/2035 | 92000 |  | 0 |  | (172) |  | (172) |  | 0 | 0 |  | (8) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.655 | Lunar | Lunar | 03/07/2035 | 68900 |  | 0 |  | (133) |  | (133) |  | 0 | 0 |  | (6) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.740 | Lunar | Lunar | 03/07/2035 | 34400 |  | 0 |  | (77) |  | (77) |  | 0 | 0 |  | (3) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.365 | Lunar | Lunar | 03/28/2035 | 35500 |  | 0 |  | 31 |  | 31 |  | 3 | 3 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.285 | Lunar | Lunar | 06/06/2035 | 102400 |  | 0 |  | (57) |  | (57) |  | 0 | 0 |  | (8) |
|  |  |  |  |  |  |  |  | $ | $(3381) | (3381) | $(10056) | (10056) | $(13437) | (13437) | $3297 | 3297 | 3297 | $(3698) | (3698) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(7638)** | **(7638)** | $**(10256)** | **(10256)** | $**(17894)** | **(17894)** | $**3299** | **3299** | **3299** | $**(3700)** | **(3700)** |
| **(m)** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,681 and cash of $38,422 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | ARS | 4425827 | 4425827 | $ | $3121 | 3121 | 3121 | 81 | 81 | 81 | 81 | $0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | BRL | 11222 | 11222 |  | 2039 | 2039 | 2039 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 68726191 | 68726191 |  | 17746 | 17746 | 17746 | 0 | 0 | 0 | 0 | (252) | (252) | (252) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 525 | 525 |  | 161 | 161 | 161 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 4474662 | 4474662 |  | 3071 | 3071 | 3071 | 0 | 0 | 0 | 0 | (32) | (32) | (32) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PYG | 5603800 | 5603800 |  | 792 | 792 | 792 | 0 | 0 | 0 | 0 | (57) | (57) | (57) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1214 | 1214 | ARS | 1784914 | 1784914 | 1784914 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2072 | 2072 | BRL | 11222 | 11222 | 11222 | 0 | 0 | 0 | 0 | (24) | (24) | (24) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3912 | 3912 | CNH | 27368 | 27368 | 27368 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 457 | 457 | CNY | 3228 | 3228 | 3228 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1280 | 1280 | IDR | 21370277 | 21370277 | 21370277 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 13480 | 13480 | INR | 1214207 | 1214207 | 1214207 | 8 | 8 | 8 | 8 | (11) | (11) | (11) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1188 | 1188 | KRW | 1741154 | 1741154 | 1741154 | 19 | 19 | 19 | 19 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 65 | 65 | PHP | 3872 | 3872 | 3872 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 16941 | 16941 | PLN | 61973 | 61973 | 61973 | 321 | 321 | 321 | 321 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 307 | 307 | PYG | 2016175 | 2016175 | 2016175 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 869 | 869 | THB | 28060 | 28060 | 28060 | 22 | 22 | 22 | 22 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 203898 | 203898 | $ | $12237 | 12237 | 12237 | 0 | 0 | 0 | 0 | (57) | (57) | (57) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 7440143 | 7440143 |  | 1930 | 1930 | 1930 | 2 | 2 | 2 | 2 | (8) | (8) | (8) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | DOP | 468907 | 468907 |  | 7358 | 7358 | 7358 | 20 | 20 | 20 | 20 | (19) | (19) | (19) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | KRW | 1742286 | 1742286 |  | 1197 | 1197 | 1197 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | PYG | 13868323 | 13868323 |  | 1922 | 1922 | 1922 | 0 | 0 | 0 | 0 | (171) | (171) | (171) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $13 | 13 | CNY | 91 | 91 | 91 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

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------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 03/2026  | 5209776 | $1356 | 13 | 0 |
|  | 03/2026  | 33496 | 1370 | 0 | (16) |
|  | 03/2026  | 3778 | 92655 | 58 | 0 |
|  | 03/2026  | $32 | 224 | 0 | 0 |
|  | 03/2026  | 2763 | 10825434 | 33 | 0 |
|  | 03/2026  | 19316 | 65115 | 4 | 0 |
|  | 04/2026  | 8026508 | $2006 | 0 | (48) |
|  | 04/2026  | 65409 | 3582 | 0 | (13) |
|  | 04/2026  | $500 | 811428 | 0 | (18) |
|  | 08/2026  | 4161 | 75246 | 306 | 0 |
|  | 08/2026  | 62002 | $3502 | 0 | (183) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 11780387 | 8114 | 93 | (84) |
|  | 01/2026  | 49087 | 8883 | 0 | (75) |
|  | 01/2026  | 6375 | 7476 | 0 | (19) |
|  | 01/2026  | 4739336 | 52495 | 0 | (109) |
|  | 01/2026  | 865 | 211 | 0 | (2) |
|  | 01/2026  | 3097383 | 52467 | 30 | (71) |
|  | 01/2026  | 54800 | 1720 | 0 | (20) |
|  | 01/2026  | 424186 | 13692 | 186 | 0 |
|  | 01/2026  | $7908 | 11881693 | 266 | 0 |
|  | 01/2026  | 8990 | 49087 | 25 | (57) |
|  | 01/2026  | 43052 | 303382 | 480 | 0 |
|  | 01/2026  | 5468 | 38701 | 60 | 0 |
|  | 01/2026  | 17997 | 68290429 | 0 | (119) |
|  | 01/2026  | 3615 | 3073 | 2 | (4) |
|  | 01/2026  | 18534 | 310016378 | 31 | 0 |
|  | 01/2026  | 2349 | 211628 | 0 | 0 |
|  | 01/2026  | 1957 | 7945 | 3 | 0 |
|  | 01/2026  | 8285 | 30503 | 212 | 0 |
|  | 01/2026  | 887 | 27948 | 0 | 0 |
|  | 01/2026  | 9055 | 151487 | 82 | 0 |
|  | 01/2026  | 151527 | $9055 | 0 | (82) |
|  | 02/2026  | $6639 | 46887 | 66 | 0 |
|  | 02/2026  | 6988 | 219849 | 3 | 0 |
|  | 03/2026  | 59089 | 2408 | 0 | (39) |
|  | 03/2026  | $3504 | 24589 | 26 | 0 |
|  | 03/2026  | 107373 | 2234649 | 1440 | 0 |
|  | 04/2026  | 1900827 | $1268 | 140 | 0 |
|  | 04/2026  | 288100 | 51793 | 298 | 0 |
|  | 04/2026  | $4121 | 28894 | 29 | 0 |
|  | 05/2026  | 4420 | 1347 | 0 | (30) |
|  | 06/2026  | 3960615 | $2161 | 0 | (92) |
|  | 06/2026  | $52496 | 4797081 | 181 | 0 |
|  | 06/2026  | 1501 | 458 | 0 | (7) |
|  | 07/2026  | 757200 | $498 | 71 | 0 |
|  | 07/2026  | $532 | 900962 | 0 | (26) |
|  | 06/2027  | 1645 | 499 | 0 | (11) |
|  | 05/2029  | 7247 | $24915 | 984 | 0 |
|  | 07/2029  | 806 | 2774 | 109 | 0 |
|  | 05/2030  | 4241 | 14605 | 513 | 0 |
|  | 08/2030  | 1440 | 4856 | 63 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 359560 | 22 | 0 | 0 |
|  | 01/2026  | 4908270 | 54295 | 0 | (184) |
|  | 01/2026  | 116273 | 28749 | 66 | (6) |
|  | 01/2026  | 9115 | 2485 | 0 | (54) |
|  | 01/2026  | 43 | 10 | 0 | 0 |
|  | 01/2026  | $71778 | 294661 | 925 | 0 |
|  | 01/2026  | 5780 | 21058 | 85 | 0 |
|  | 01/2026  | 5560 | 250566 | 242 | 0 |
|  | 01/2026  | 2401 | 40960 | 69 | 0 |
|  | 01/2026  | 168456 | $9772 | 0 | (386) |
|  | 02/2026  | 35284 | 783 | 0 | (9) |
|  | 02/2026  | $9323 | 3088983 | 95 | 0 |
|  | 02/2026  | 9190 | 419659 | 222 | 0 |
|  | 03/2026  | 156 | 3232 | 2 | 0 |
|  | 03/2026  | 96027 | 1603176909 | 0 | (177) |
|  | 03/2026  | 12566 | 576081 | 140 | 0 |
|  | 06/2026  | 54295 | 4968537 | 264 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 6221743 | $6624 | 0 | (292) |
|  | 01/2026  | 339374 | 2180 | 12 | 0 |
|  | 01/2026  | 44746 | 13031 | 0 | (270) |
|  | 01/2026  | 1465 | 400 | 0 | (8) |
|  | 02/2026  | 3820 | 1 | 0 | 0 |
|  | 02/2026  | 45646 | 13353 | 0 | (206) |
|  | 03/2026  | 11365533 | 12119 | 0 | (517) |
|  | 03/2026  | 39234543 | 9988 | 0 | (179) |
|  | 03/2026  | 8156 | 2335 | 0 | (85) |
|  | 03/2026  | $1908 | 6476 | 13 | 0 |
|  | 05/2026  | 55912 | $15719 | 0 | (830) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 1681052 | 1152 | 0 | (6) |
|  | 01/2026  | 108986 | 19473 | 0 | (416) |
|  | 01/2026  | 485916 | 69125 | 0 | (595) |
|  | 01/2026  | 7537370 | 2011 | 26 | 0 |
|  | 01/2026  | 44959 | 693 | 0 | (14) |
|  | 01/2026  | 6529 | 7610 | 0 | (66) |
|  | 01/2026  | 607 | 808 | 0 | (10) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 44856826 | 2671 | 0 | (15) |
|  | 01/2026  | 4381473 | 3041 | 2 | 0 |
|  | 01/2026  | 67127 | 18790 | 0 | (1169) |
|  | 01/2026  | 27151 | 7441 | 0 | (121) |
|  | 01/2026  | 3218880 | 448 | 0 | (39) |
|  | 01/2026  | 2240 | 238 | 0 | (5) |
|  | 01/2026  | $1590 | 2485362 | 120 | 0 |
|  | 01/2026  | 20030 | 108986 | 30 | (171) |
|  | 01/2026  | 13196 | 18205 | 75 | 0 |
|  | 01/2026  | 3140 | 22054 | 24 | 0 |
|  | 01/2026  | 11187 | 79075 | 99 | 0 |
|  | 01/2026  | 997 | 3757693 | 0 | (2) |
|  | 01/2026  | 3095 | 2656 | 28 | 0 |
|  | 01/2026  | 2883 | 48319080 | 11 | 0 |
|  | 01/2026  | 82865 | 7386754 | 5 | (881) |
|  | 01/2026  | 15662 | 52781 | 32 | 0 |
|  | 01/2026  | 3151 | 135663 | 10 | 0 |
|  | 01/2026  | 30854 | $770 | 0 | (20) |
|  | 01/2026  | 89596 | 5244 | 0 | (158) |
|  | 02/2026  | 159957 | 28922 | 0 | (49) |
|  | 02/2026  | 15095282 | 3956 | 38 | 0 |
|  | 02/2026  | 4864 | 340 | 0 | (112) |
|  | 02/2026  | 44301 | 12527 | 0 | (633) |
|  | 02/2026  | $640 | 3593 | 11 | 0 |
|  | 02/2026  | 21037 | 148455 | 187 | 0 |
|  | 02/2026  | 16956 | 65972823 | 203 | 0 |
|  | 02/2026  | 464 | 22732 | 8 | 0 |
|  | 03/2026  | 12423501 | $13333 | 0 | (478) |
|  | 03/2026  | 56926134 | 14960 | 203 | 0 |
|  | 03/2026  | 86732 | 4203 | 0 | (20) |
|  | 03/2026  | 76608 | 1477 | 0 | (88) |
|  | 03/2026  | 151934 | 44426 | 0 | (652) |
|  | 03/2026  | 526242 | 8897 | 7 | 0 |
|  | 03/2026  | $16527 | 116240 | 143 | 0 |
|  | 03/2026  | 4224 | 14325 | 26 | 0 |
|  | 04/2026  | 10491601 | $2753 | 55 | 0 |
|  | 04/2026  | 48502 | 14286 | 0 | (82) |
|  | 04/2026  | $600 | 960000 | 0 | (30) |
|  | 05/2026  | 42157 | $12290 | 0 | (187) |
|  | 05/2026  | 115454 | 89471 | 0 | (1158) |
|  | 05/2026  | $319 | 495975 | 11 | 0 |
|  | 06/2026  | 1564831 | $1029 | 147 | 0 |
|  | 07/2026  | 4422913 | 2802 | 316 | 0 |
|  | 10/2026  | 2763680 | 751 | 31 | 0 |
|  | 10/2026  | 5881900 | 449 | 0 | (12) |
|  | 11/2026  | 520838 | 319 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 13462 | 2447 | 0 | (10) |
|  | 01/2026  | 4182 | 1311 | 0 | (2) |
|  | 01/2026  | 3642 | 893 | 0 | (6) |
|  | 01/2026  | 174721 | 50 | 2 | 0 |
|  | 01/2026  | $2523 | 13462 | 0 | (66) |
|  | 01/2026  | 2790 | 136879 | 63 | 0 |
|  | 01/2026  | 5180 | 86581110 | 5 | 0 |
|  | 01/2026  | 31061 | 2765974 | 0 | (361) |
|  | 01/2026  | 2963 | 4337208 | 45 | 0 |
|  | 01/2026  | 9819 | 39763 | 6 | (15) |
|  | 01/2026  | 1320 | 132235 | 5 | 0 |
|  | 01/2026  | 90772672 | $7392 | 0 | (161) |
|  | 01/2026  | 413213 | 24031 | 0 | (888) |
|  | 02/2026  | $7121 | 2344417 | 27 | 0 |
|  | 02/2026  | 1311 | 4181 | 2 | 0 |
|  | 02/2026  | 276 | 417295 | 12 | 0 |
|  | 02/2026  | 4219 | 15006 | 238 | 0 |
|  | 03/2026  | 74753 | $145 | 0 | 0 |
|  | 03/2026  | $1806 | 12673 | 12 | 0 |
|  | 03/2026  | 8106 | 166860 | 19 | 0 |
|  | 03/2026  | 3203 | 1844278 | 349 | 0 |
|  | 04/2026  | 11252644 | $3148 | 92 | 0 |
|  | 04/2026  | $2751 | 141513 | 119 | 0 |
|  | 04/2026  | 46200179 | $3693 | 0 | (73) |
|  | 05/2026  | 59483 | 46082 | 0 | (611) |
|  | 06/2026  | 1458173 | 2719 | 0 | (27) |
|  | 09/2026  | 82308 | 1477 | 0 | (101) |
|  | 09/2026  | 335665 | 1126 | 0 | (34) |
|  | 10/2026  | 16224000 | 1248 | 0 | (21) |
|  | 11/2026  | 48309261 | 3697 | 0 | (59) |
|  | 12/2026  | 69787412 | 5373 | 0 | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 33634 | 44168 | 0 | (1168) |
|  | 01/2026  | 2225 | 694 | 0 | (5) |
|  | 01/2026  | 240417 | 12961 | 0 | (359) |
|  | 01/2026  | 19651 | 5774 | 0 | (68) |
|  | 01/2026  | 4595 | 3554 | 0 | (23) |
|  | 01/2026  | $4614 | 18800 | 25 | 0 |
|  | 01/2026  | 45387 | 165899 | 820 | 0 |
|  | 01/2026  | 228501 | $13309 | 0 | (469) |
|  | 02/2026  | $694 | 2225 | 5 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 828649 | $571 | 6 | 0 |
|  | 01/2026  | 60810 | 11384 | 286 | 0 |
|  | 01/2026  | 703 | 876 | 0 | (11) |
|  | 01/2026  | 58821 | 8409 | 0 | (31) |
|  | 01/2026  | 16499 | 4505 | 0 | (91) |
|  | 01/2026  | 1251486 | 40262 | 533 | 0 |
|  | 01/2026  | $540 | 797704 | 7 | 0 |
|  | 01/2026  | 11052 | 60810 | 46 | 0 |
|  | 01/2026  | 21486 | 151176 | 206 | 0 |
|  | 01/2026  | 1280 | 21373128 | 0 | 0 |
|  | 01/2026  | 2628 | 8492 | 38 | 0 |
|  | 01/2026  | 7724 | 31715 | 100 | 0 |
|  | 01/2026  | 1999 | 118408 | 9 | 0 |
|  | 01/2026  | 27999 | 102300 | 493 | 0 |
|  | 01/2026  | 29564 | 940646 | 308 | 0 |
|  | 01/2026  | 455514 | $26515 | 0 | (952) |
|  | 02/2026  | 232135 | 61 | 1 | 0 |
|  | 02/2026  | 1941460 | 30194 | 116 | (407) |
|  | 02/2026  | $19217 | 105781 | 0 | (58) |
|  | 02/2026  | 56 | 394 | 1 | 0 |
|  | 02/2026  | 373 | 122477 | 1 | 0 |
|  | 02/2026  | 1885 | 34965 | 47 | 0 |
|  | 02/2026  | 40268 | 1250264 | 0 | (512) |
|  | 02/2026  | 1961 | 89432 | 53 | 0 |
|  | 03/2026  | 614784 | $9553 | 35 | (106) |
|  | 03/2026  | 34003 | 657 | 0 | (38) |
|  | 03/2026  | $31090 | 171325 | 0 | (232) |
|  | 03/2026  | 124 | 868 | 1 | 0 |
|  | 04/2026  | 743695 | $497 | 56 | 0 |
|  | 04/2026  | 44119 | 2396 | 0 | (31) |
|  | 04/2026  | $27049 | 150800 | 0 | (95) |
|  | 04/2026  | 2304 | 42479 | 31 | 0 |
|  | 05/2026  | 196258 | $3011 | 0 | (27) |
|  | 05/2026  | $136985 | 174937 | 337 | 0 |
|  | 06/2026  | 16 | $0 | 0 | 0 |
|  | 06/2026  | 64195 | 1191 | 0 | (79) |
|  | 07/2026  | 778588 | 516 | 77 | 0 |
|  | 09/2026  | 1103965 | 580 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 31506 | 7772 | 1 | (2) |
|  | 01/2026  | 11384 | 3069 | 0 | (102) |
|  | 01/2026  | $808 | 40081 | 28 | 0 |
|  | 01/2026  | 3129 | 52358 | 28 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 8970264 | $6251 | 30 | 0 |
|  | 01/2026  | 7944700 | 5300 | 0 | (192) |
|  | 01/2026  | 47198 | 12753 | 0 | (394) |
|  | 01/2026  | 1211447 | 39010 | 552 | 0 |
|  | 01/2026  | $89400 | 629629 | 943 | 0 |
|  | 01/2026  | 3160 | 22251 | 13 | 0 |
|  | 01/2026  | 299 | 14570 | 6 | 0 |
|  | 01/2026  | 4253 | 13864 | 100 | 0 |
|  | 01/2026  | 11512 | 1025199 | 0 | (133) |
|  | 01/2026  | 45 | 830 | 1 | 0 |
|  | 01/2026  | 18376 | 74466 | 4 | (7) |
|  | 01/2026  | 901 | 9210 | 13 | 0 |
|  | 01/2026  | 46639 | 171313 | 1077 | 0 |
|  | 01/2026  | 63344 | 2009138 | 463 | (14) |
|  | 01/2026  | 58415 | $3404 | 0 | (118) |
|  | 02/2026  | 126192584 | 32226 | 1 | (612) |
|  | 02/2026  | $79214 | 436057 | 0 | (238) |
|  | 02/2026  | 6251 | 8958492 | 0 | (39) |
|  | 02/2026  | 574 | 869996 | 25 | 0 |
|  | 02/2026  | 39010 | 1210101 | 0 | (531) |
|  | 03/2026  | 966250 | $250 | 0 | 0 |
|  | 03/2026  | 84433 | 4576 | 0 | (83) |
|  | 03/2026  | $4340 | 80135 | 79 | 0 |
|  | 06/2026  | 41140 | $762 | 0 | (51) |
|  | 10/2026  | 5947590 | 1614 | 65 | 0 |
|  | 06/2027  | 992297 | 74 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 18345 | 13034 | 0 | (339) |
|  | 01/2026  | 84666 | 12066 | 0 | (77) |
|  | 01/2026  | 9000 | 188 | 0 | 0 |
|  | 01/2026  | 17411 | 20355 | 0 | (115) |
|  | 01/2026  | 18585 | 119 | 1 | 0 |
|  | 01/2026  | 335 | 192 | 0 | (1) |
|  | 01/2026  | 76280 | 58789 | 0 | (592) |
|  | 01/2026  | $12155 | 85787 | 84 | 0 |
|  | 01/2026  | 2275 | 112189 | 70 | 0 |
|  | 01/2026  | 13891 | 10385 | 107 | 0 |
|  | 01/2026  | 3072 | 55423 | 0 | (1) |
|  | 01/2026  | 6366 | 25762 | 0 | (10) |
|  | 01/2026  | 17095 | 63151 | 495 | 0 |
|  | 01/2026  | 3052 | 13250 | 2 | 0 |
|  | 01/2026  | 1795 | 72326 | 56 | 0 |
|  | 02/2026  | 19999 | $5470 | 0 | (811) |
|  | 02/2026  | $613 | 30449 | 14 | 0 |
|  | 02/2026  | 867 | 16044 | 20 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 03/2026  | 79616 | $3834 | 0 | (43) |
|  | 03/2026  | 114232 | 1932 | 2 | 0 |
|  | 03/2026  | $1483 | 87590 | 310 | 0 |
|  | 04/2026  | 26 | 1325 | 1 | 0 |
|  | 04/2026  | 1793 | 33101 | 27 | 0 |
|  | 05/2026  | 69 | 3529 | 1 | 0 |
|  | 09/2026  | 54346 | $976 | 0 | (67) |
|  | 10/2026  | 15379 | 864 | 0 | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 20903 | 3799 | 0 | (16) |
|  | 01/2026  | 128851552 | 7691 | 0 | (25) |
|  | 01/2026  | 7191 | 1966 | 0 | (37) |
|  | 01/2026  | $3858 | 20903 | 0 | (43) |
|  | 01/2026  | 0 | 11 | 0 | 0 |
|  | 01/2026  | 1280 | 21373128 | 0 | 0 |
|  | 01/2026  | 3733 | 15063 | 0 | (16) |
|  | 01/2026  | 5695 | 20670 | 64 | (2) |
|  | 01/2026  | 5391 | 172708 | 92 | 0 |
|  | 01/2026  | 57170 | $3422 | 0 | (25) |
|  | 02/2026  | 56847 | 2312 | 0 | (45) |
|  | 02/2026  | 107743 | $327 | 0 | (1) |
|  | 02/2026  | $1127 | 7955 | 10 | 0 |
|  | 02/2026  | 14040 | 4674895 | 214 | 0 |
|  | 02/2026  | 5260 | 17680 | 0 | (7) |
|  | 02/2026  | 3120 | 98612 | 16 | 0 |
|  | 03/2026  | 6654707 | $112465 | 38 | 0 |
|  | 03/2026  | $3776 | 26519 | 27 | 0 |
|  | 10/2026  | 1723 | 3083 | 30 | 0 |
|  | 10/2027  | 3446 | 6341 | 0 | (102) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 4858 | 7109867 | 73 | 0 |
|  | 02/2026  | 4071 | 185834 | 103 | 0 |
|  | 03/2026  | 8632 | 395586 | 97 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 92290 | $13046 | 0 | (198) |
|  | 01/2026  | 263259 | 1693 | 11 | 0 |
|  | 01/2026  | 3642 | 883 | 0 | (16) |
|  | 01/2026  | $42793 | 301520 | 471 | 0 |
|  | 01/2026  | 13046 | 92153 | 109 | 0 |
|  | 01/2026  | 502 | 24763 | 16 | 0 |
|  | 01/2026  | 30838 | 515664642 | 43 | 0 |
|  | 01/2026  | 57416 | 5187574 | 163 | 0 |
|  | 01/2026  | 3132 | 4633168 | 81 | 0 |
|  | 01/2026  | 25241 | 94921 | 45 | 0 |
|  | 01/2026  | 38976 | 1260527 | 1039 | 0 |
|  | 01/2026  | 16355 | 511436 | 0 | (73) |
|  | 01/2026  | 12 | $0 | 0 | 0 |
|  | 02/2026  | $999 | 1517851 | 47 | 0 |
|  | 03/2026  | 5556 | 5099866 | 113 | 0 |
|  | 03/2026  | 1392 | 9766 | 10 | 0 |
|  | 04/2026  | 939306 | $543 | 0 | (91) |
|  | 04/2026  | $2378 | 8196 | 51 | 0 |
|  | 06/2026  | 2686 | $5 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 984814 | 6297 | 5 | 0 |
|  | 01/2026  | $47764 | 41255 | 740 | 0 |
|  | 01/2026  | 2867 | 259668 | 15 | 0 |
|  | 01/2026  | 4267 | 14385 | 10 | 0 |
|  | 01/2026  | 22087 | 95989 | 45 | 0 |
|  | 02/2026  | 49403 | $14622 | 0 | (57) |
|  | 02/2026  | $4711 | 231188 | 63 | 0 |
|  | 02/2026  | 4 | 1472 | 0 | 0 |
|  | 02/2026  | 868 | 16053 | 20 | 0 |
|  | 03/2026  | 13922222 | $14365 | 0 | (1113) |
|  | 03/2026  | 138706696 | 35335 | 0 | (616) |
|  | 03/2026  | 1407 | 75 | 0 | (2) |
|  | 03/2026  | 84134 | 24472 | 0 | (491) |
|  | 03/2026  | $31509 | 589800 | 1013 | 0 |
|  | 03/2026  | 17 | 58 | 0 | 0 |
|  | 04/2026  | 6502925 | $1819 | 51 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | $3203 | 17385 | 0 | (30) |
|  | 03/2026  | 9759626 | $10292 | 0 | (558) |
|  | 03/2026  | 81785 | 3943 | 0 | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | $20197 | 73966 | 405 | 0 |
|  | 01/2026  | 2488 | 79413 | 33 | 0 |
|  | 01/2026  | 3734 | 178008 | 402 | 0 |
|  | 01/2026  | 255626 | $14698 | 0 | (716) |
|  | 02/2026  | 24336829 | 6499 | 178 | 0 |
|  | 03/2026  | 13382620 | 14384 | 0 | (494) |
|  | 03/2026  | 82672662 | 20974 | 0 | (453) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**25494** | $**(29307)** |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 31 | 70 | 88 | 89 | 100 | 110 | 115 | 145 | 167 | 201 |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| BOA | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 24.200 | 03/11/2026 | 10221 | $46 | $62 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 54800 | 82 | 31 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/24/2026 | 86100 | 119 | 48 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 17.850 | 17.850 | 01/14/2026 | 27790 | 69 | 33 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1417.000 | 1417.000 | 02/11/2026 | 7977 | 49 | 42 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 1419.000 | 02/11/2026 | 7978 | 47 | 45 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 1419.000 | 02/12/2026 | 8224 | 51 | 47 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 18.000 | 18.000 | 08/19/2026 | 35209 | 1729 | 2840 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1423.000 | 1423.000 | 02/12/2026 | 2772 | 17 | 18 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 13700 | 18 | 8 |
| JPM | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 16.600 | 16.600 | 02/11/2026 | 4177 | 836 | 2278 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 51600 | 68 | 29 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/24/2026 | 29800 | 44 | 17 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 24.200 | 02/10/2026 | 9635 | 41 | 48 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 23.900 | 23.900 | 06/02/2026 | 6143 | 25 | 19 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.410 | 5.410 | 02/04/2026 | 23265 | 355 | 152 |
|  |  |  |  |  |  |  |  |  |  | $3596 | $5717 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| BOA | Call - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 3.670% | 3.670% | 02/05/2026 | 02/05/2026 | 244750 | $21 | $11 |
| DUB | Call - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 3.720 | 3.720 | 02/10/2026 | 02/10/2026 | 311800 | 24 | 27 |
|  |  |  |  |  |  |  |  |  |  | $45 | $38 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**3641** | $**5755** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 54800 | $(30) | $(18) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 86100 | (40) | (28) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1380.000 | 1380.000 | 02/11/2026 | 7977 | (15) | (11) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1382.000 | 1382.000 | 02/11/2026 | 7978 | (15) | (12) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1383.000 | 1383.000 | 02/12/2026 | 8224 | (17) | (13) |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 17.000 | 17.000 | 08/19/2026 | 70418 | (1748) | (2662) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1385.000 | 1385.000 | 02/12/2026 | 2772 | (5) | (5) |
| GLM | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | Call - OTC USD verses TRY  | TRY | TRY | 47.700 | 47.700 | 02/09/2026 | 12630 | (229) | (78) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 13700 | (6) | (5) |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/14/2026 | 51600 | (23) | (17) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 29800 | (15) | (10) |
| MYI | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.160 | 5.160 | 02/04/2026 | 23265 | (60) | (8) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  | 5.700 | 5.700 | 02/04/2026 | 23265 | (301) | (165) |
| UAG | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | TRY | TRY | 42.635 | 42.635 | 01/07/2026 | 7530 | (255) | (1) |
|  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  |  | 56.750 | 56.750 | 01/07/2026 | 7530 | (171) | (1) |
|  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  | Put - OTC USD versus TRY  |  |  | 42.800 | 42.800 | 01/08/2026 | 11554 | (396) | (2) |
|  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  |  |  | 56.750 | 56.750 | 01/08/2026 | 11554 | (265) | (3) |
|  |  |  |  |  |  |  |  |  |  | $(3591) | $(3039) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 4.170% | 4.170% | 02/05/2026 | 02/05/2026 | 244750 | $(23) | $(4) |
| DUB | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Receive | Receive | 6.885 | 6.885 | 02/04/2026 | 02/04/2026 | 107400 | (39) | (78) |
|  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Pay | Pay | 6.885 | 6.885 | 02/04/2026 | 02/04/2026 | 107400 | (39) | (10) |
|  | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Receive | Receive | 6.715 | 6.715 | 02/26/2026 | 02/26/2026 | 105500 | (35) | (47) |
|  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | Pay | Pay | 6.715 | 6.715 | 02/26/2026 | 02/26/2026 | 105500 | (36) | (28) |
|  | Put - OTC 5-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | Pay | Pay | 4.220 | 4.220 | 02/10/2026 | 02/10/2026 | 311800 | (27) | (4) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | Receive | Receive | 4.275 | 4.275 | 02/26/2026 | 02/26/2026 | 11600 | (31) | (40) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 8 | 31 | 33 | 50 | 70 | 75 | 89 | 91 | 110 | 129 | 149 | 160 | 169 | 193 | 201 | 214 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Pay | Pay | 4.275 | 4.275 | 02/26/2026 | 02/26/2026 | 11600 |  | (31) | (31) | (17) | (17) |
| JPM | JPM | Call - OTC 5-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 7.350 | 7.350 | 02/04/2026 | 02/04/2026 | 117800 |  | (38) | (38) | (1) | (1) |
|  |  | Put - OTC 5-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 7.350 | 7.350 | 02/04/2026 | 02/04/2026 | 117800 |  | (38) | (38) | (110) | (110) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Receive | Receive | 4.385 | 4.385 | 02/04/2026 | 02/04/2026 | 12100 |  | (33) | (33) | (60) | (60) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Pay | Pay | 4.385 | 4.385 | 02/04/2026 | 02/04/2026 | 12100 |  | (33) | (33) | (4) | (4) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Receive | Receive | 4.450 | 4.450 | 02/20/2026 | 02/20/2026 | 11700 |  | (31) | (31) | (75) | (75) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Pay | Pay | 4.450 | 4.450 | 02/20/2026 | 02/20/2026 | 11700 |  | (31) | (31) | (5) | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (465) | (465) | $(483) | (483) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(4056)** | **(4056)** | $**(3522)** | **(3522)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000)% | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 1.011% | 1.011% | $12100 | $281 | 281 | $(280) | $1 | 1 | $0 |
| BPS | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 1.118 | 1.118 | 1400 | 48 | 48 | (42) | 6 | 6 | 0 |
| BRC | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 1.118 | 1.118 | 10800 | 330 | 330 | (287) | 43 | 43 | 0 |
|  | Chile Government International Bonds  | Chile Government International Bonds  | Chile Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.239 | 0.239 | 3400 | (66) | (66) | (9) | 0 | 0 | (75) |
|  | Chile Government International Bonds  | Chile Government International Bonds  | Chile Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.330 | 0.330 | 400 | (8) | (8) | (2) | 0 | 0 | (10) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2033 | 12/20/2033 | 0.944 | 0.944 | 10600 | (26) | (26) | (18) | 0 | 0 | (44) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | Quarterly | 06/20/2034 | 06/20/2034 | 0.977 | 0.977 | 6500 | (57) | (57) | 44 | 0 | 0 | (13) |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2034 | 12/20/2034 | 1.007 | 1.007 | 2960 | (11) | (11) | 12 | 1 | 1 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | 1.056 | 1.056 | 300 | 0 | 0 | 1 | 1 | 1 | 0 |
| GST | Brazil Government International Bonds  | Brazil Government International Bonds  | Brazil Government International Bonds  | (1.000) | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 1.011 | 1.011 | 6500 | 146 | 146 | (146) | 0 | 0 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | 1.056 | 1.056 | 1300 | 3 | 3 | 2 | 5 | 5 | 0 |
| JPM | Chile Government International Bonds  | Chile Government International Bonds  | Chile Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.330 | 0.330 | 1000 | (19) | (19) | (6) | 0 | 0 | (25) |
|  |  |  |  |  |  |  |  |  |  |  |  | $621 | 621 | $(731) | $57 | 57 | $(167) |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BPS | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000% | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 0.398% | 0.398% | $3000 | $6 | 6 | $29 | $35 | 35 | $0 |
| BRC | Peru Government International Bonds  | Peru Government International Bonds  | Peru Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.560 | 0.560 | 400 | 3 | 3 | 4 | 7 | 7 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 0.622 | 0.622 | 30100 | 425 | 425 | 54 | 479 | 479 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.674 | 0.674 | 500 | 8 | 8 | 0 | 8 | 8 | 0 |
| CBK | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.312 | 0.312 | 11100 | (64) | (64) | 177 | 113 | 113 | 0 |
|  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 1.757 | 1.757 | 1300 | (13) | (13) | 4 | 0 | 0 | (9) |
| DUB | Eskom « | Eskom « | Eskom « | 4.650 | Quarterly | Quarterly | 06/30/2029 | 06/30/2029 | —◆ | —◆ | 8000 | 0 | 0 | 468 | 468 | 468 | 0 |
|  | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | 2718 | 0 | 0 | 24 | 24 | 24 | 0 |
| GST | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 5.525 | 5.525 | 1185 | (147) | (147) | 140 | 0 | 0 | (7) |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.204 | 0.204 | 1000 | 0 | 0 | 4 | 4 | 4 | 0 |
|  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 0.674 | 0.674 | 2200 | 34 | 34 | (1) | 33 | 33 | 0 |
| JPM | Peru Government International Bonds  | Peru Government International Bonds  | Peru Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.560 | 0.560 | 1000 | 6 | 6 | 11 | 17 | 17 | 0 |
| MYC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 5.525 | 5.525 | 1675 | (145) | (145) | 136 | 0 | 0 | (9) |
|  |  |  |  |  |  |  |  |  |  |  |  | $113 | 113 | $1050 | $1188 | 1188 | $(25) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 18 | 36 | 54 | 83 | 120 | 148 | 168 | 192 | 213 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Receive | Pay | Payment<br>Frequency | Maturity<br>Date<sup>(8)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Delivered | Upfront Payable/(Receivable) | Unrealized<br>Appreciation/(Depreciation) | Asset | Liability |
| &nbsp;&nbsp; BOA | Floating rate equal to 1-Day IDR-SOFR plus 0.540% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | 93607840 | $5634 | $37 | $(3) | $34 | $0 |
| &nbsp;&nbsp; BPS | Floating rate equal to 1-Day IDR-SOFR Compounded-OIS 0.532% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | 266223950 | 15903 | 116 | (70) | 46 | 0 |
|  | Floating rate equal to 1-Day KRW-SOFR less 0.394% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2029 | 28739000 | 20823 | (158) | (22) | 0 | (180) |
| &nbsp;&nbsp; BRC | Floating rate equal to 1-Day IDR-SOFR plus 0.532% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | 121151820 | 7301 | 0 | (30) | 0 | (30) |
|  | Floating rate equal to 1-Day IDR-SOFR plus 0.546% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | 99331320 | 5921 | 37 | 10 | 47 | 0 |
|  | Floating rate equal to 1-Day INR-SOFR Compounded-OIS plus 0.638% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | $16250 | 1451280 | (221) | 29 | 0 | (192) |
| &nbsp;&nbsp; CBK | Floating rate equal to 1-Day IDR-SOFR plus 0.562% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 09/15/2028 | 749270180 | $44236 | 1605 | 134 | 1739 | 0 |
| &nbsp;&nbsp; DUB | Floating rate equal to 1-Day IDR-SOFR plus 0.544% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | 74200210 | 4463 | 32 | 5 | 37 | 0 |
| &nbsp;&nbsp; GLM | Floating rate equal to 1-Day IDR-SOFR plus 0.528% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2029 | 525438080 | 31115 | 273 | 142 | 415 | 0 |
|  | Floating rate equal to 1-Day IDR-SOFR plus 0.532% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | 03/18/2031 | 147219550 | 8812 | 59 | (37) | 22 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 16 | 18 | 36 | 49 | 54 | 74 | 83 | 85 | 106 | 108 | 120 | 149 | 162 | 169 | 188 | 193 | 205 | 214 |
|  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | $9020 | 9020 | IDR | IDR | 150713870 | (29) |  | (82) |  | 0 |  | (111) |
|  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.556% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 218978390 | 218978390 | $ | $ | $13050 | 51 |  | 79 |  | 130 |  | 0 |
|  | Floating rate equal to 1-Day INR-SOFR plus 0.662% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR plus 0.662% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 4274660 | 4274660 |  |  | 47176 | 380 |  | 391 |  | 771 |  | 0 |
|  | Floating rate equal to 1-Day INR-SOFR plus 0.663% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR plus 0.663% based on the notional amount of currency received  | Floating rate equal to 1-Day INR-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 5275850 | 5275850 |  |  | 58008 | 626 |  | 513 |  | 1139 |  | 0 |
|  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS plus 0.638% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS plus 0.638% based on the notional amount of currency received  | Floating rate equal to 1-Day PHP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | $17671 | 17671 | PHP | PHP | 1009364 | (126) |  | 54 |  | 0 |  | (72) |
| &nbsp;&nbsp; JPM | Floating rate equal to 1-Day IDR-SOFR Compounded-OIS 0.530% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR Compounded-OIS 0.530% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 148225000 | 148225000 | $ | $ | $8892 | 54 |  | (46) |  | 8 |  | 0 |
| &nbsp;&nbsp; SCX | Floating rate equal to 1-Day IDR-SOFR plus 0.539% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.539% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 91307200 | 91307200 |  |  | 5512 | 20 |  | (5) |  | 15 |  | 0 |
|  | Floating rate equal to 1-Day IDR-SOFR plus 0.545% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.545% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 103506040 | 103506040 |  |  | 6192 | 41 |  | 10 |  | 51 |  | 0 |
|  | Floating rate equal to 1-Day IDR-SOFR plus 0.559% based on the notional amount of currency received  | Floating rate equal to 1-Day IDR-SOFR plus 0.559% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/18/2031 | 03/18/2031 | 83513420 | 83513420 |  |  | 4998 | 17 |  | 36 |  | 53 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 2814 | $ | 1108 | $ | 4507 | $ | (585) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500% | 1.500% | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | CNY | 90200 | $(85) | (85) | $30 | 30 | $0 | 0 | $(55) |
|  | Receive | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 5.610 | 5.610 | Quarterly | Quarterly | 02/11/2026 | 02/11/2026 | COP | 16064000 | 0 | 0 | 35 | 35 | 35 | 35 | 0 |
| &nbsp;&nbsp; BSH | Pay | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.790 | 3.790 | Semi-Annual | Semi-Annual | 03/14/2026 | 03/14/2026 | CLP | 15998900 | 0 | 0 | (75) | (75) | 0 | 0 | (75) |
|  | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.300 | 3.300 | Semi-Annual | Semi-Annual | 06/21/2029 | 06/21/2029 |  | 3550000 | 0 | 0 | 139 | 139 | 139 | 139 | 0 |
| &nbsp;&nbsp; CBK | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.763 | 3.763 | Semi-Annual | Semi-Annual | 05/24/2029 | 05/24/2029 |  | 2445900 | (38) | (38) | 114 | 114 | 76 | 76 | 0 |
| &nbsp;&nbsp; GLM | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.015 | 3.015 | Semi-Annual | Semi-Annual | 06/20/2026 | 06/20/2026 |  | 5445000 | 0 | 0 | (13) | (13) | 0 | 0 | (13) |
|  | Pay | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.095 | 4.095 | Semi-Annual | Semi-Annual | 06/01/2027 | 06/01/2027 |  | 15023700 | 0 | 0 | (67) | (67) | 0 | 0 | (67) |
|  | Pay | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.830 | 3.830 | Semi-Annual | Semi-Annual | 05/22/2029 | 05/22/2029 |  | 6734700 | 0 | 0 | (191) | (191) | 0 | 0 | (191) |
|  | Pay | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.319 | 4.319 | Semi-Annual | Semi-Annual | 05/22/2029 | 05/22/2029 |  | 10120000 | 0 | 0 | (107) | (107) | 0 | 0 | (107) |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 7 | 16 | 37 | 49 | 57 | 78 | 81 | 85 | 101 | 112 | 116 | 127 | 149 | 169 | 175 | 193 | 214 |
|  |  | Pay | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.265 | 3.265 | Semi-Annual | Semi-Annual | 06/14/2029 | 06/14/2029 |  |  | 1715500 | 0 | (84) | (84) | 0 | (84) |
|  |  | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 6.620 | 6.620 | Semi-Annual | Semi-Annual | 09/20/2032 | 09/20/2032 |  |  | 3100000 | 0 | (359) | (359) | 0 | (359) |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 3.540 | 3.540 | Semi-Annual | Semi-Annual | 06/04/2029 | 06/04/2029 |  |  | 4085000 | 0 | 160 | 160 | 160 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(123) | $(418) | (418) | $410 | $(951) |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(9)</sup> | Underlying<br>Reference | # of Shares | # of Shares | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | Receive | U.S. Treasury Inflation Protected Securities  | N/A | N/A | &nbsp;&nbsp; 4.350% (SOFR less a specified spread) | &nbsp;&nbsp; 4.350% (SOFR less a specified spread) | Semi-Annual | Semi-Annual | 02/19/2026 | 02/19/2026 | INR | 3487440 | $0 | $(211) | (211) | $0 | $(211) |
|  |  | Receive | U.S. Treasury Inflation Protected Securities  | N/A | N/A | &nbsp;&nbsp; 4.350% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.350% (SOFR plus a specified spread) | Semi-Annual | Semi-Annual | 03/17/2026 | 03/17/2026 |  | 2764560 | 0 | 502 | 502 | 502 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $0 | $291 | 291 | $502 | $(211) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**3425** | $**1300** | **1300** | $**6664** | $**(1939)** |
| **(o)** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $13,092 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| ◆ | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(3)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(5)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(7)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(8)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(9)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Azerbaijan | Azerbaijan | Azerbaijan |
| Corporate Bonds & Notes | $1402 | $1402 |
| Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | 16155 | 16155 |
| Loan Participations and Assignments | 0 | 64 |
| Sovereign Issues | 123248 | 123248 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 3481 | 3481 |
| Convertible Bonds & Notes | 63 | 278 |
| Corporate Bonds & Notes | 2026 | 11844 |
| Loan Participations and Assignments | 0 | 4303 |
| Chile | Chile | Chile |
| Sovereign Issues | 117555 | 117555 |
| China | China | China |
| Common Stocks | 103 | 103 |
| Sovereign Issues | 91951 | 91951 |
| Colombia | Colombia | Colombia |
| Sovereign Issues | 254723 | 254723 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 7230 | 7230 |
| Czech Republic | Czech Republic | Czech Republic |
| Sovereign Issues | 106053 | 106053 |
| Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 63993 | 63993 |
| Ecuador | Ecuador | Ecuador |
| Sovereign Issues | 6948 | 6948 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 27903 | 27903 |
| Germany | Germany | Germany |
| Corporate Bonds & Notes | 0 | 19333 |
| Loan Participations and Assignments | 5345 | 5345 |
| Ghana | Ghana | Ghana |
| Sovereign Issues | 4829 | 4829 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 38334 | 38334 |
| Indonesia | Indonesia | Indonesia |
| Sovereign Issues | 149285 | 149285 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 116 | 116 |
| Corporate Bonds & Notes | 1554 | 1554 |
| Loan Participations and Assignments | 0 | 7419 |
| Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | 0 | 11621 |
| Sovereign Issues | 1974 | 1974 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 15292 | 15292 |
| Kenya | Kenya | Kenya |
| Loan Participations and Assignments | 0 | 2228 |
| Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | 0 | 472 |
| Corporate Bonds & Notes | 2737 | 2737 |
| Malaysia | Malaysia | Malaysia |
| Sovereign Issues | 195050 | 195050 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 256120 | 256120 |
| Netherlands | Netherlands | Netherlands |
| Loan Participations and Assignments | 0 | 3400 |
| Nigeria | Nigeria | Nigeria |
| Loan Participations and Assignments | 3633 | 3633 |
| Paraguay | Paraguay | Paraguay |
| Sovereign Issues | 11963 | 11963 |
| Peru | Peru | Peru |
| Corporate Bonds & Notes | 22914 | 22914 |
| Sovereign Issues | 171900 | 171900 |
| Philippines | Philippines | Philippines |
| Sovereign Issues | 171778 | 171778 |
| Poland | Poland | Poland |
| Sovereign Issues | 184455 | 184455 |
| Romania | Romania | Romania |
| Sovereign Issues | 62576 | 62576 |
| Serbia | Serbia | Serbia |
| Loan Participations and Assignments | 0 | 4534 |
| Sovereign Issues | 12340 | 12340 |
| South Africa | South Africa | South Africa |
| Corporate Bonds & Notes | 21803 | 21803 |
| Loan Participations and Assignments | 0 | 2690 |
| Sovereign Issues | 269551 | 269551 |
| Supranational | Supranational | Supranational |
| Corporate Bonds & Notes | 20873 | 20873 |
| Tanzania | Tanzania | Tanzania |
| Loan Participations and Assignments | 0 | 2368 |
| Thailand | Thailand | Thailand |
| Sovereign Issues | 94240 | 94240 |
| Turkey | Turkey | Turkey |
| Loan Participations and Assignments | 0 | 11669 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 10 | 28 | 51 | 78 | 84 | 102 | 109 | 126 | 146 | 164 | 176 | 191 | 212 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 46861 | 46861 | 0 |  | 46861 |  |
| Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda | Uganda |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 1350 | 1350 | 0 |  | 1350 |  |
| Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 2706 | 2706 | 0 |  | 2706 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 15812 | 15812 | 19081 |  | 34893 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 3945 | 3945 | 0 |  | 3945 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 17169 | 17169 | 0 |  | 17169 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 23572 | 23572 | 5371 |  | 28943 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 0 | 10040 |  | 10040 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 16407 | 16407 | 2212 |  | 18619 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 36129 | 36129 | 0 |  | 36129 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 1843 | 1843 | 0 |  | 1843 |  |
| Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 4225 | 4225 | 0 |  | 4225 |  |
| Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 5269 | 5269 | 0 |  | 5269 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 856 | 856 | 0 |  | 856 |  |
| Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 1435 | 1435 | 0 |  | 1435 |  |
| Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 1775 | 1775 | 0 |  | 1775 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 2652 | 2652 | 0 |  | 2652 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 46699 | 46699 | 0 |  | 46699 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 0 | 4758 | 4758 | 0 |  | 4758 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 15848 | 15848 | 0 |  | 15848 |  |
|  |  |  |  | $ | 0 | 0 | 0 | 2790807 | 2790807 | 116838 | $ | 2907645 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $191703 | 191703 | 191703 | $0 | 0 | 0 | $ | 191703 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $ | 191703 | 191703 | 191703 | 2790807 | 2790807 | 116838 | $ | 3099348 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared |  | 0 | 0 | 0 | 3300 | 3300 | 0 |  | 3300 |  |
| Over the counter | Over the counter | Over the counter | Over the counter |  | 0 | 0 | 0 | 37421 | 37421 | 492 |  | 37913 |  |
|  |  |  |  | $ | 0 | 0 | 0 | 40721 | 40721 | 492 | $ | 41213 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared |  | (3) | (3) | (3) | (3707) | (3707) | 0 |  | (3710) |  |
| Over the counter | Over the counter | Over the counter | Over the counter |  | 0 | 0 | 0 | (34768) | (34768) | 0 |  | (34768) |  |
|  |  |  |  | $ | (3) | (3) | (3) | (38475) | (38475) | 0 | $ | (38478) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $ | (3) | (3) | (3) | 2246 | 2246 | 492 | $ | 2735 |  |
| Totals | Totals | Totals | Totals | $ | 191700 | 191700 | 191700 | 2793053 | 2793053 | 117330 | $ | 3102083 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Angola<sup>(3)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | $3900 | $0 | $(3900) | $ | 0 | $0 | $ | 0 | $0 | $0 | 0 | $0 | $0 |
| Brazil |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 64 | 0 | 0 |  | 146 | 0 |  | (146) | 0 | 0 | 0 | 64 | (146) |
| Cayman Islands<sup>(3)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Convertible Bonds & Notes | 0 | 203 | 0 |  | 55 | 0 |  | (43) | 0 | 0 | 0 | 215 | (43) |
| Corporate Bonds & Notes | 1124 | 8774 | (209) |  | 25 | 27 |  | 77 | 0 | 0 | 0 | 9818 | 75 |
| Loan Participations and Assignments | 4199 | 0 | 0 |  | 0 | 0 |  | 104 | 0 | 0 | 0 | 4303 | 104 |
| Germany |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 20421 | 0 | 0 |  | (1) | 0 |  | (1087) | 0 | 0 | 0 | 19333 | (1087) |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 10 | 30 | 42 | 47 | 51 | 82 | 102 | 118 | 164 | 177 | 184 | 191 | 209 | 212 |
| Loan Participations and Assignments | 6799 | 0 |  |  | 0 | 5 | 0 | 615 | 0 | 0 |  | 7419 |  | 615 |
| Ivory Coast |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 14937 | 2934 |  |  | (7601) | 16 | 237 | 1098 | 0 | 0 |  | 11621 |  | 819 |
| Kenya |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 2661 | 0 |  |  | (450) | 4 | 2 | 11 | 0 | 0 |  | 2228 |  | 7 |
| Luxembourg |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | 527 | 0 |  |  | 0 | 0 | 0 | (55) | 0 | 0 |  | 472 |  | (55) |
| Netherlands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 3349 | 0 |  |  | 0 | 19 | 0 | 32 | 0 | 0 |  | 3400 |  | 32 |
| Serbia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 3785 | 4543 |  |  | (4278) | 3 | 615 | (134) | 0 | 0 |  | 4534 |  | (13) |
| South Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 2879 | 0 |  |  | (505) | 7 | 36 | 273 | 0 | 0 |  | 2690 |  | 285 |
| Tanzania |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 3040 | 0 |  |  | (921) | 2 | (18) | 265 | 0 | 0 |  | 2368 |  | 195 |
| Turkey |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 1717 | 0 |  |  | 0 | (1) | 0 | 174 | 0 | 0 |  | 11669 |  | 174 |
| United Arab Emirates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 2559 | 0 |  |  | (2556) | (8) | (29) | 34 | 0 | 0 |  | 0 |  | 0 |
| United Kingdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 4959 | 18477 |  |  | (5496) | 384 | (123) | 880 | 0 | 0 |  | 19081 |  | 605 |
| United States |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 5101 | 0 |  |  | 0 | 0 | 0 | 270 | 0 | 0 |  | 5371 |  | 270 |
| Loan Participations and Assignments | 0 | 10025 |  |  | 0 | 0 | 0 | 15 | 0 | 0 |  | 10040 |  | 15 |
| Non-Agency Mortgage-Backed Securities | 2154 | 0 |  |  | 0 | 0 | 0 | 58 | 0 | 0 |  | 2212 |  | 58 |
|  | $84175 | 44956 | $ | $ | $(25916) | $656 | $747 | $2441 | $0 | 0 | $ | 116838 | $ | 1910 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | $500 | 0 | $ | $ | $(12) | $0 | $0 | $4 | $0 | 0 | $ | 492 | $ | 2 |
| Totals | $84675 | 44956 | $ | $ | $(25928) | $656 | $747 | $2445 | $0 | 0 | $ | 117330 | $ | 1912 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil | Brazil |
| Loan Participations and Assignments | Loan Participations and Assignments | $64 | 64 | 64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | -  | -  | -  | —  | —  |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Convertible Bonds & Notes | Convertible Bonds & Notes | 215 | 215 | 215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 16.000 - 21.500  | 16.000 - 21.500  | 16.000 - 21.500  | 16.757  | 16.757  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 9818 | 9818 | 9818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.338 - 5.429  | 3.338 - 5.429  | 3.338 - 5.429  | 5.222  | 5.222  |
| Loan Participations and Assignments | Loan Participations and Assignments | 4303 | 4303 | 4303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.597  | 6.597  | 6.597  | —  | —  |
| Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany | Germany |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 19333 | 19333 | 19333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.495  | 7.495  | 7.495  | —  | —  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Loan Participations and Assignments | Loan Participations and Assignments | 7419 | 7419 | 7419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939  | 3.939  | 3.939  | —  | —  |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | Loan Participations and Assignments | 11621 | 11621 | 11621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.796 - 6.177  | 4.796 - 6.177  | 4.796 - 6.177  | 5.814  | 5.814  |
| Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya | Kenya |
| Loan Participations and Assignments | Loan Participations and Assignments | 2228 | 2228 | 2228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 9.577  | 9.577  | 9.577  | —  | —  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | Common Stocks | 472 | 472 | 472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $22.563  | 22.563  | 22.563  | —  | —  |
| Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands | Netherlands |
| Loan Participations and Assignments | Loan Participations and Assignments | 3400 | 3400 | 3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.436  | 7.436  | 7.436  | —  | —  |
| Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia |
| Loan Participations and Assignments | Loan Participations and Assignments | 4534 | 4534 | 4534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 9.069  | 9.069  | 9.069  | —  | —  |
| South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa |
| Loan Participations and Assignments | Loan Participations and Assignments | 2690 | 2690 | 2690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.101  | 10.101  | 10.101  | —  | —  |

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<br> Schedule of Investments PIMCO Emerging Markets Local Currency and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 30 | 48 | 117 | 177 | 209 |
| Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania | Tanzania |
| Loan Participations and Assignments | Loan Participations and Assignments | 2368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.750  | —  |
| Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey |
| Loan Participations and Assignments | Loan Participations and Assignments | 1890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.834  | —  |
|  |  | 9779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250  | —  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 19081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 99.972 - 100.000  | 99.992  |
| United States | United States | United States | United States | United States | United States | United States |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 5371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.359 | —  |
| Loan Participations and Assignments | Loan Participations and Assignments | 10040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.396  | —  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 2212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.309  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | 492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497 - 5.818 | 5.668  |
| Total | Total | $117330 |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Country updated from United States to Angola and Cayman Islands since prior fiscal year end. | Country updated from United States to Angola and Cayman Islands since prior fiscal year end. | Country updated from United States to Angola and Cayman Islands since prior fiscal year end. | Country updated from United States to Angola and Cayman Islands since prior fiscal year end. | Country updated from United States to Angola and Cayman Islands since prior fiscal year end. | Country updated from United States to Angola and Cayman Islands since prior fiscal year end. |
| <sup>(4)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

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<br> Schedule of Investments PIMCO ESG Income Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 114.6% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Spa Holdings 3 OY**<br>8.184% (TSFR3M + 4.250%) due 05/23/2030 ~ | $299 | $301 |
| Total Loan Participations and Assignments (Cost $294) |  | 301 |
| **CORPORATE BONDS & NOTES 26.2%**  |  |  |
| **BANKING & FINANCE 15.1%**  |  |  |
| **ABN AMRO Bank NV** <br>2.470% due 12/13/2029 •  | 500 | 477 |
| **ACEF Holding SCA** <br>0.750% due 06/14/2028 | 500 | 560 |
| **AIB Group PLC**  |  |  |
| 2.875% due 05/30/2031 •  | 400 | 470 |
| 6.608% due 09/13/2029 •  | $500 | 531 |
| **Alexandria Real Estate Equities, Inc.** <br>2.000% due 05/18/2032 | 400 | 339 |
| **Ally Financial, Inc.**  |  |  |
| 2.200% due 11/02/2028  | 800 | 758 |
| 8.000% due 11/01/2031  | 450 | 511 |
| **American Homes 4 Rent LP** <br>5.500% due 02/01/2034 | 450 | 466 |
| **American Tower Corp.**  |  |  |
| 2.100% due 06/15/2030  | 500 | 454 |
| 3.100% due 06/15/2050  | 300 | 197 |
| **Asian Development Bank** <br>6.720% due 02/08/2028 | 187400 | 2094 |
| **Banco BTG Pactual SA** <br>2.750% due 01/11/2026 | $1000 | 999 |
| **Banco Mercantil del Norte SA** <br>6.625% due 01/24/2032 •(f)(g) | 200 | 197 |
| **Bank of America Corp.**  |  |  |
| 2.299% due 07/21/2032 •  | 1400 | 1252 |
| 6.204% due 11/10/2028 •  | 1600 | 1663 |
| **Banque Ouest Africaine de Developpement** <br>2.750% due 01/22/2033 | 870 | 866 |
| **Barclays PLC**  |  |  |
| 5.501% due 08/09/2028 •  | $1000 | 1022 |
| 7.385% due 11/02/2028 •  | 800 | 846 |
| **BNP Paribas SA**  |  |  |
| 4.625% due 02/25/2031 •(f)(g)  | 400 | 371 |
| 7.750% due 08/16/2029 •(f)(g)  | 1000 | 1060 |
| **Boston Properties LP**  |  |  |
| 2.550% due 04/01/2032  | 150 | 131 |
| 3.400% due 06/21/2029  | 100 | 97 |
| **BPCE SA**  |  |  |
| 2.045% due 10/19/2027 •  | 500 | 492 |
| 5.748% due 07/19/2033 •  | 300 | 312 |
| **Brookfield Finance, Inc.** <br>2.724% due 04/15/2031 | 350 | 321 |
| **CNP Assurances SA** <br>1.250% due 01/27/2029 | 500 | 556 |
| **Cooperatieve Rabobank UA** <br>4.375% due 06/29/2027 •(f)(g) | 400 | 473 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | $800 | 734 |
| **CPI Property Group SA**  |  |  |
| 1.500% due 01/27/2031  | 100 | 96 |
| 4.000% due 01/22/2028 þ  | 200 | 258 |
| **Credit Agricole Assurances SA** <br>1.500% due 10/06/2031 | 500 | 526 |
| **Crown Castle, Inc.** <br>3.100% due 11/15/2029 | $400 | 381 |
| **CTP NV**  |  |  |
| 1.250% due 06/21/2029  | 200 | 221 |
| 1.500% due 09/27/2031  | 500 | 522 |
| **Deutsche Bank AG** <br>1.875% due 02/23/2028 •  | 200 | 233 |
| **Digital Dutch Finco BV**  |  |  |
| 1.000% due 01/15/2032  | 300 | 302 |
| 1.250% due 02/01/2031  | 200 | 211 |

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<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **EQT AB**  |  |  |
| 0.875% due 05/14/2031  | 800 | 828 |
| 2.375% due 04/06/2028  | 800 | 931 |
| **Equinix, Inc.** <br>3.900% due 04/15/2032 | $400 | 385 |
| **First American Financial Corp.** <br>2.400% due 08/15/2031 | 600 | 524 |
| **Ford Motor Credit Co. LLC** <br>5.918% due 03/20/2028 | 1400 | 1433 |
| **FS KKR Capital Corp.** <br>3.125% due 10/12/2028 | 400 | 369 |
| **Globalworth Real Estate Investments Ltd.** <br>6.250% due 03/31/2030 | 376 | 451 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.383% due 07/21/2032 •  | $400 | 358 |
| 2.615% due 04/22/2032 •  | 500 | 456 |
| **Goodman U.S. Finance Five LLC** <br>4.625% due 05/04/2032 | 1000 | 988 |
| **Grainger PLC** <br>3.000% due 07/03/2030 | 100 | 124 |
| **Hanwha Life Insurance Co. Ltd.** <br>3.379% due 02/04/2032 •  | $300 | 296 |
| **HAT Holdings I LLC/HAT Holdings II LLC**  |  |  |
| 3.375% due 06/15/2026  | 115 | 114 |
| 3.750% due 09/15/2030  | 300 | 278 |
| 8.000% due 06/15/2027  | 149 | 155 |
| **Host Hotels & Resorts LP**  |  |  |
| 2.900% due 12/15/2031  | 250 | 227 |
| 3.375% due 12/15/2029  | 600 | 577 |
| 3.500% due 09/15/2030  | 200 | 191 |
| 5.700% due 07/01/2034  | 300 | 311 |
| **Howard Hughes Corp.** <br>4.375% due 02/01/2031 | 600 | 572 |
| **HSBC Holdings PLC**  |  |  |
| 2.871% due 11/22/2032 •  | 700 | 637 |
| 6.254% due 03/09/2034 •  | 600 | 653 |
| **Hudson Pacific Properties LP**  |  |  |
| 3.950% due 11/01/2027  | 230 | 221 |
| 5.950% due 02/15/2028  | 400 | 395 |
| **ING Groep NV**  |  |  |
| 2.727% due 04/01/2032 •  | 200 | 184 |
| 3.875% due 05/16/2027 •(f)(g)  | 200 | 195 |
| 4.250% due 05/16/2031 •(f)(g)  | 200 | 180 |
| 4.252% due 03/28/2033 •  | 500 | 491 |
| 4.875% due 05/16/2029 •(f)(g)  | 200 | 194 |
| 5.525% due 03/25/2036 •  | 300 | 312 |
| **Intesa Sanpaolo SpA** <br>6.625% due 06/20/2033 | 700 | 772 |
| **Jones Lang LaSalle, Inc.** <br>6.875% due 12/01/2028 | 500 | 535 |
| **JPMorgan Chase & Co.** <br>2.545% due 11/08/2032 •  | 1400 | 1264 |
| **Kilroy Realty LP**  |  |  |
| 2.500% due 11/15/2032  | 200 | 167 |
| 2.650% due 11/15/2033  | 900 | 739 |
| **Legal & General Group PLC** <br>5.625% due 03/24/2031 •(f)(g) | 200 | 260 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.574% due 11/07/2028 •  | $400 | 397 |
| 3.750% due 03/18/2028 •  | 500 | 498 |
| **Logicor Financing SARL** <br>3.250% due 11/13/2028 | 700 | 834 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>2.494% due 10/13/2032 •  | $500 | 448 |
| **Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen** <br>5.875% due 05/23/2042 •  | 400 | 418 |
| **NatWest Group PLC** <br>5.125% due 05/12/2027 •(f)(g) | 200 | 268 |
| **NE Property BV** <br>3.375% due 07/14/2027 | 300 | 356 |
| **Nexi SpA** <br>1.625% due 04/30/2026 | 550 | 645 |
| **Nomura Holdings, Inc.** <br>2.172% due 07/14/2028 | $700 | 667 |
| **Nordea Bank Abp** <br>3.750% due 03/01/2029 •(f)(g) | 500 | 476 |
| **Norinchukin Bank** <br>5.094% due 10/16/2029 | 1400 | 1428 |
| **OneMain Finance Corp.**  |  |  |
| 3.500% due 01/15/2027  | 781 | 774 |
| 7.125% due 11/15/2031  | 600 | 627 |
| **PennyMac Financial Services, Inc.** <br>5.750% due 09/15/2031 | 200 | 202 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 1400 | 1027 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Regency Centers LP** <br>3.700% due 06/15/2030 | $100 | 98 |
| **Santander Holdings USA, Inc.** <br>6.174% due 01/09/2030 •  | 500 | 521 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 3.823% due 11/03/2028 •  | 1400 | 1391 |
| 6.534% due 01/10/2029 •  | 300 | 314 |
| **Shinhan Bank Co. Ltd.**  |  |  |
| 4.000% due 04/23/2029 (g)  | 200 | 197 |
| 4.375% due 04/13/2032 (g)  | 500 | 493 |
| **Sirius Real Estate Ltd.**  |  |  |
| 1.125% due 06/22/2026  | 300 | 350 |
| 1.750% due 11/24/2028  | 200 | 226 |
| **SLM Corp.** <br>3.125% due 11/02/2026 | $900 | 885 |
| **Standard Chartered PLC**  |  |  |
| 2.678% due 06/29/2032 •  | 200 | 181 |
| 3.603% due 01/12/2033 •  | 200 | 185 |
| 6.301% due 01/09/2029 •  | 600 | 624 |
| 7.767% due 11/16/2028 •  | 500 | 533 |
| **Sun Communities Operating LP** <br>4.200% due 04/15/2032 | 300 | 291 |
| **UBS Group AG**  |  |  |
| 4.375% due 02/10/2031 •(f)(g)  | 200 | 184 |
| 5.959% due 01/12/2034 •  | 300 | 320 |
| **UDR, Inc.** <br>3.100% due 11/01/2034 | 100 | 87 |
| **UniCredit SpA** <br>5.459% due 06/30/2035 •  | 400 | 408 |
| **VIA Outlets BV** <br>1.750% due 11/15/2028 | 500 | 567 |
| **Vonovia SE** <br>1.875% due 06/28/2028 | 600 | 692 |
| **Weyerhaeuser Co.** <br>4.000% due 11/15/2029 | $100 | 99 |
| **Workspace Group PLC** <br>2.250% due 03/11/2028 | 600 | 761 |
| **ZF Finance GmbH** <br>2.000% due 05/06/2027 | 700 | 809 |
|  |  | 57047 |
| **INDUSTRIALS 8.1%**  |  |  |
| **180 Medical, Inc.** <br>3.875% due 10/15/2029 | $700 | 683 |
| **Accor SA** <br>2.375% due 11/29/2028 | 900 | 1047 |
| **Ball Corp.** <br>3.125% due 09/15/2031 | $580 | 535 |
| **BCP V Modular Services Finance II PLC**  |  |  |
| 4.750% due 11/30/2028  | 100 | 111 |
| 6.500% due 07/10/2031  | 400 | 440 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $6980 | 7381 |
| **Boise Cascade Co.** <br>4.875% due 07/01/2030 | 500 | 497 |
| **CDW LLC/CDW Finance Corp.** <br>3.569% due 12/01/2031 | 500 | 466 |
| **Cellnex Finance Co. SA** <br>3.875% due 07/07/2041 | 200 | 159 |
| **Centene Corp.**  |  |  |
| 2.625% due 08/01/2031  | 600 | 517 |
| 3.000% due 10/15/2030  | 500 | 448 |
| **Chobani LLC/Chobani Finance Corp., Inc.** <br>7.625% due 07/01/2029 | 500 | 522 |
| **Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC** <br>5.600% due 01/15/2031 | 1130 | 1141 |
| **Fair Isaac Corp.** <br>4.000% due 06/15/2028 | 570 | 564 |
| **Gap, Inc.**  |  |  |
| 3.625% due 10/01/2029  | 250 | 237 |
| 3.875% due 10/01/2031  | 250 | 231 |
| **Graphic Packaging International LLC** <br>2.625% due 02/01/2029 | 400 | 456 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.625% due 02/15/2032  | $250 | 232 |
| 4.000% due 05/01/2031  | 200 | 192 |
| **Illumina, Inc.** <br>2.550% due 03/23/2031 | 300 | 272 |
| **InterContinental Hotels Group PLC** <br>3.375% due 10/08/2028 | 300 | 393 |
| **International Distribution Services PLC** <br>7.375% due 09/14/2030 | 500 | 726 |
| **JDE Peet's NV** <br>2.250% due 09/24/2031 | $800 | 698 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Lenovo Group Ltd.** <br>3.421% due 11/02/2030 | 400 | 381 |
| **Marks & Spencer PLC**  |  |  |
| 3.250% due 07/10/2027  | 300 | 398 |
| 3.750% due 05/19/2026  | 100 | 135 |
| **Metalsa SAPI de CV** <br>3.750% due 05/04/2031 | $450 | 392 |
| **Micron Technology, Inc.** <br>2.703% due 04/15/2032 | 200 | 179 |
| **MSCI, Inc.** <br>3.625% due 09/01/2030 | 600 | 574 |
| **NetApp, Inc.**  |  |  |
| 5.500% due 03/17/2032  | 350 | 364 |
| 5.700% due 03/17/2035  | 350 | 367 |
| **Nissan Motor Co. Ltd.** <br>5.250% due 07/17/2029 | 400 | 483 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.**  |  |  |
| 2.500% due 05/11/2031  | $300 | 272 |
| 5.000% due 01/15/2033  | 1300 | 1321 |
| **ReNew Pvt Ltd.** <br>5.875% due 03/05/2027 | 200 | 199 |
| **Sartorius Finance BV** <br>4.875% due 09/14/2035 | 600 | 746 |
| **Snam SpA** <br>5.000% due 05/28/2030 | $1200 | 1225 |
| **St. Mary's Cement, Inc.** <br>5.750% due 04/02/2034 | 400 | 414 |
| **Transurban Finance Co. Pty. Ltd.** <br>2.450% due 03/16/2031 | 600 | 547 |
| **VeriSign, Inc.** <br>2.700% due 06/15/2031 | 400 | 364 |
| **Vilmorin & Cie SA** <br>1.375% due 03/26/2028 | 400 | 446 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 4.500% due 07/15/2031  | 200 | 240 |
| 4.750% due 07/15/2031  | $1700 | 1571 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 4.054% due 03/15/2029  | 500 | 486 |
| 5.050% due 03/15/2042  | 200 | 141 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 600 | 617 |
| **XPLR Infrastructure Operating Partners LP** <br>7.250% due 01/15/2029  | 800 | 820 |
| **ZF North America Capital, Inc.** <br>6.750% due 04/23/2030 | 250 | 247 |
|  |  | 30877 |
| **UTILITIES 3.0%**  |  |  |
| **AES Andes SA** <br>6.300% due 03/15/2029 | 350 | 363 |
| **AES Corp.**  |  |  |
| 2.450% due 01/15/2031  | 720 | 653 |
| 5.450% due 06/01/2028  | 300 | 307 |
| 7.600% due 01/15/2055 •  | 500 | 510 |
| **CenterPoint Energy Houston Electric LLC** <br>5.300% due 04/01/2053 | 700 | 669 |
| **Clean Renewable Power Mauritius Pte. Ltd.** <br>4.250% due 03/25/2027 | 154 | 151 |
| **Duke Energy Carolinas LLC** <br>3.550% due 03/15/2052 | 402 | 291 |
| **Edison International** <br>6.250% due 03/15/2030 | 1400 | 1465 |
| **Greenko Wind Projects Mauritius Ltd.** <br>7.250% due 09/27/2028 | 800 | 809 |
| **Iberdrola International BV** <br>6.750% due 09/15/2033 | 250 | 276 |
| **India Green Power Holdings** <br>4.000% due 02/22/2027 | 217 | 212 |
| **Pacific Gas & Electric Co.** <br>6.700% due 04/01/2053 | 1100 | 1162 |
| **Pattern Energy Operations LP/Pattern Energy Operations, Inc.** <br>4.500% due 08/15/2028 | 500 | 494 |
| **San Diego Gas & Electric Co.** <br>2.950% due 08/15/2051 | 350 | 223 |
| **Solar Star Funding LLC** <br>5.375% due 06/30/2035 | 130 | 132 |
| **Southwestern Public Service Co.** <br>3.150% due 05/01/2050 | 100 | 66 |
| **Star Energy Geothermal Wayang Windu Ltd.** <br>6.750% due 04/24/2033 | 255 | 263 |
| **TDC Net AS** <br>5.056% due 05/31/2028 | 400 | 491 |
| **TerraForm Power Operating LLC** <br>5.000% due 01/31/2028 | $200 | 200 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **United Utilities Water Finance PLC** <br>3.750% due 05/23/2034 | 600 | 702 |
| **Verizon Communications, Inc.** <br>5.050% due 05/09/2033 | $1700 | 1744 |
| **Vodafone Group PLC** <br>5.125% due 06/04/2081 •  | 110 | 86 |
|  |  | 11269 |
| Total Corporate Bonds & Notes (Cost $97,825) |  | 99193 |
| **U.S. GOVERNMENT AGENCIES 44.7%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.000% due 09/01/2049 - 11/01/2053 | 3755 | 3572 |
| 4.500% due 06/01/2053 - 09/01/2053 | 3154 | 3088 |
| 5.000% due 02/01/2053 - 07/01/2054 | 9134 | 9123 |
| 5.500% due 09/01/2052 - 12/01/2053 | 20745 | 21117 |
| 6.500% due 02/01/2054 - 04/01/2055 | 14888 | 15478 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>0.842% due 11/25/2030 ~(a) | 2757 | 91 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 07/01/2052 - 01/01/2059 | 1553 | 1366 |
| 3.500% due 05/01/2056 - 08/01/2059 | 1389 | 1276 |
| 4.000% due 05/01/2053 - 05/01/2054 | 7782 | 7403 |
| 4.500% due 07/01/2052 - 05/01/2054 | 7409 | 7248 |
| 5.000% due 08/01/2052 - 06/01/2054 | 20113 | 20082 |
| 5.500% due 12/01/2052 - 01/01/2055 | 7387 | 7500 |
| 6.000% due 10/01/2053 - 01/01/2055 | 3099 | 3186 |
| **Government National Mortgage Association**<br>5.500% due 07/20/2053 - 08/20/2053 | 3475 | 3532 |
| **Government National Mortgage Association, TBA**<br>5.000% due 01/01/2056 | 2800 | 2794 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.500% due 02/01/2056 | 6200 | 5713 |
| 6.000% due 02/01/2056 | 34380 | 35284 |
| 6.500% due 03/01/2056 | 20200 | 21016 |
| Total U.S. Government Agencies (Cost $166,415) |  | 168869 |
| **U.S. TREASURY OBLIGATIONS 12.8%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.250% due 08/15/2054 | 600 | 543 |
| 4.500% due 11/15/2054 | 3200 | 3019 |
| 4.875% due 08/15/2045 | 203 | 205 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.875% due 02/15/2047 (m) | 1079 | 779 |
| 1.500% due 02/15/2053 (k) | 657 | 513 |
| 0.125% due 01/15/2031 (k) | 2251 | 2100 |
| 0.125% due 01/15/2032  | 9867 | 9019 |
| 1.375% due 07/15/2033  | 3431 | 3345 |
| 1.875% due 07/15/2034  | 7160 | 7191 |
| **U.S. Treasury Notes**  |  |  |
| 2.750% due 08/15/2032 | 2200 | 2051 |
| 3.875% due 09/30/2029 | 3000 | 3026 |
| 4.000% due 07/31/2032 | 6300 | 6334 |
| 4.250% due 08/15/2035 | 330 | 332 |
| 4.500% due 03/31/2026 | 4500 | 4510 |
| 4.500% due 04/15/2027 | 5200 | 5265 |
| Total U.S. Treasury Obligations (Cost $47,933) |  | 48232 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 10.1%**  |  |  |
| **1211 Avenue of the Americas Trust** <br>4.142% due 08/10/2035 ~ | 2300 | 2119 |
| **225 Liberty Street Trust** <br>4.501% due 02/10/2036 | 1550 | 1501 |
| **280 Park Avenue Mortgage Trust** <br>5.158% due 09/15/2034 •  | 1000 | 994 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.086% due 08/25/2036 •  | 607 | 209 |
| 4.406% due 08/25/2036 •  | 243 | 74 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.036% due 12/25/2046 •  | 26 | 23 |
| 4.266% due 06/25/2037 •  | 112 | 109 |
| **BAMLL Commercial Mortgage Securities Trust**  |  |  |
| 0.000% due 09/15/2038 ~(a)  | 261000 | 0 |
| 6.615% due 09/15/2038 •  | 1000 | 930 |
| **BBCCRE Trust** <br>4.563% due 08/10/2033 ~ | 2660 | 2145 |
| **BBCMS Mortgage Trust** <br>3.688% due 02/15/2053 ~ | 2453 | 1702 |
| **BBCMS Trust** <br>4.957% due 08/10/2035 ~ | 900 | 857 |
| **Bear Stearns ALT-A Trust** <br>4.166% due 06/25/2046 •  | 246 | 228 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Beast Mortgage Trust** <br>6.365% due 03/15/2036 •  | 500 | 149 |
| **Bridgegate Funding PLC**  |  |  |
| 7.941% due 10/16/2062 •  | 950 | 1286 |
| 8.941% due 10/16/2062 •  | 950 | 1285 |
| **BSST Mortgage Trust** <br>6.601% due 02/15/2037 •  | $1200 | 258 |
| **Chase Mortgage Finance Trust** <br>4.613% due 03/25/2037 ~ | 92 | 86 |
| **CHL Mortgage Pass-Through Trust** <br>4.284% due 02/25/2047 ~ | 34 | 31 |
| **CHL Reperforming Loan Trust REMICS** <br>4.739% due 01/25/2034 ~ | 63 | 57 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 06/25/2037 | 210 | 194 |
| **COMM Mortgage Trust**  |  |  |
| 3.832% due 02/10/2036 ~  | 2100 | 2084 |
| 7.015% due 12/15/2038 •  | 1000 | 938 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.226% due 10/25/2046 •  | 57 | 54 |
| 4.488% due 11/20/2035 •  | 114 | 103 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.799% due 04/25/2047 •  | 61 | 56 |
| **DOLP Trust** <br>3.704% due 05/10/2041 ~ | 1600 | 1355 |
| **DROP Mortgage Trust**  |  |  |
| 6.114% due 10/15/2043 •  | 1000 | 886 |
| 6.614% due 10/15/2043 •  | 996 | 845 |
| **GS Mortgage Securities Trust** <br>3.602% due 10/10/2049 ~ | 200 | 181 |
| **HarborView Mortgage Loan Trust** <br>4.302% due 06/19/2036 ~ | 113 | 45 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.186% due 01/25/2037 •  | 56 | 52 |
| 4.366% due 07/25/2035 •  | 336 | 226 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 5.415% due 04/15/2038 •  | 365 | 365 |
| 5.815% due 04/15/2038 •  | 900 | 901 |
| 5.955% due 06/15/2038 •  | 1000 | 865 |
| 6.165% due 03/15/2036 •  | 1600 | 1122 |
| 6.965% due 03/15/2036 •  | 300 | 153 |
| **KREST Commercial Mortgage Securities Trust** <br>2.927% due 11/05/2044 ~ | 2000 | 1348 |
| **Merrill Lynch Alternative Note Asset Trust** <br>4.246% due 03/25/2037 •  | 732 | 198 |
| **MFT Mortgage Trust**  |  |  |
| 3.283% due 08/10/2040 ~  | 1180 | 870 |
| 3.358% due 02/10/2042  | 100 | 81 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 5.165% due 12/15/2036 •  | 1480 | 180 |
| 5.665% due 12/15/2036 •  | 1097 | 24 |
| **Morgan Stanley Mortgage Loan Trust** <br>4.166% due 06/25/2036 •  | 244 | 44 |
| **Natixis Commercial Mortgage Securities Trust** <br>0.514% due 02/15/2039 ~(a) | 23885 | 359 |
| **NYO Commercial Mortgage Trust** <br>6.410% due 11/15/2038 •  | 1500 | 1481 |
| **One New York Plaza Trust**  |  |  |
| 4.815% due 01/15/2036 •  | 200 | 196 |
| 5.115% due 01/15/2036 •  | 1000 | 962 |
| **RALI Trust**  |  |  |
| 5.500% due 02/25/2036  | 188 | 157 |
| 6.000% due 06/25/2036  | 112 | 92 |
| 6.000% due 06/25/2037  | 171 | 141 |
| **Residential Asset Securitization Trust**  |  |  |
| 2.844% due 04/25/2037 •(a)  | 510 | 64 |
| 4.156% due 04/25/2037 •  | 510 | 94 |
| **SFO Commercial Mortgage Trust**  |  |  |
| 5.664% due 05/15/2038 •  | 450 | 448 |
| 6.264% due 05/15/2038 •  | 450 | 448 |
| **Starwood Mortgage Trust**  |  |  |
| 6.170% due 11/15/2036 •  | 1100 | 1099 |
| 6.265% due 04/15/2034 •  | 221 | 221 |
| **Trinity Square PLC** <br>5.244% (SONIO/N + 1.300%) due 07/15/2059 ~ | 1800 | 2429 |
| **VASA Trust**  |  |  |
| 5.615% due 07/15/2039 •  | $400 | 379 |
| 5.965% due 07/15/2039 •  | 400 | 373 |
| **Wells Fargo Commercial Mortgage Trust** <br>5.575% due 09/15/2040 ~ | 1700 | 1718 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.000% due 11/25/2037 | 64 | 63 |
| **Worldwide Plaza Trust**  |  |  |
| 3.526% due 11/10/2036  | 100 | 80 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| 3.596% due 11/10/2036 ~  |  | 1310 | 182 |
| Total Non-Agency Mortgage-Backed Securities (Cost $45,753) |  |  | 38199 |
| **ASSET-BACKED SECURITIES 10.4%**  |  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.6%**  |  |  |  |
| **FHF Issuer Trust**  |  |  |  |
| 5.690% due 02/15/2030  |  | 521 | 524 |
| 5.890% due 06/15/2030  |  | 1213 | 1222 |
| **Research-Driven Pagaya Motor Asset Trust IV** <br>2.650% due 03/25/2030 |  | 303 | 300 |
| **Research-Driven Pagaya Motor Asset Trust V** <br>5.320% due 09/25/2030 |  | 227 | 228 |
|  |  |  | 2274 |
| **CMBS OTHER 0.1%**  |  |  |  |
| **Starwood Ltd.** <br>5.949% due 04/18/2038 •  |  | 400 | 401 |
| **HOME EQUITY OTHER 2.7%**  |  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.186% due 11/25/2036 •  |  | 458 | 189 |
| **Argent Securities Trust** <br>4.146% due 07/25/2036 •  |  | 133 | 122 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.646% due 11/25/2034 •  |  | 300 | 284 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |  |
| 3.567% due 01/25/2036 •  |  | 2085 | 1941 |
| 5.691% due 05/25/2035 •  |  | 403 | 387 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |  |
| 4.126% due 11/25/2036 •  |  | 23 | 23 |
| 5.721% due 12/25/2034 •  |  | 201 | 203 |
| **Centex Home Equity Loan Trust**  |  |  |  |
| 4.776% due 09/25/2034 •  |  | 54 | 53 |
| 4.806% due 03/25/2035 •  |  | 204 | 204 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |  |
| 4.281% due 01/25/2045 •  |  | 256 | 247 |
| 4.326% due 03/25/2047 •  |  | 186 | 179 |
| **EquiFirst Mortgage Loan Trust** <br>5.646% due 04/25/2035 •  |  | 210 | 194 |
| **GSAA Home Equity Trust**  |  |  |  |
| 3.986% due 03/25/2036 •  |  | 49 | 16 |
| 6.000% due 10/25/2037  |  | 3 | 3 |
| 6.948% due 06/25/2036 þ  |  | 212 | 46 |
| **Long Beach Mortgage Loan Trust** <br>4.166% due 10/25/2036 •  |  | 720 | 224 |
| **MASTR Asset-Backed Securities Trust** <br>4.746% due 10/25/2035 •  |  | 225 | 212 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.446% due 12/25/2036 •  |  | 951 | 921 |
| **New Century Home Equity Loan Trust** <br>4.581% due 10/25/2035 •  |  | 1800 | 1613 |
| **Residential Asset Securities Corporation Trust** <br>4.726% due 08/25/2034 •  |  | 73 | 73 |
| **Structured Asset Investment Loan Trust** <br>4.821% due 05/25/2035 •  |  | 1639 | 1552 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |  |
| 4.266% due 02/25/2037 •  |  | 65 | 64 |
| 4.281% due 07/25/2036 •  |  | 1566 | 1603 |
|  |  |  | 10353 |
| **WHOLE LOAN COLLATERAL 0.7%**  |  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.326% due 03/25/2036 •  |  | 1547 | 1503 |
| **Lehman XS Trust** <br>4.186% due 10/25/2036 •  |  | 103 | 95 |
| **Residential Asset Mortgage Products Trust**  |  |  |  |
| 4.973% due 10/25/2033 •  |  | 146 | 146 |
| 5.046% due 01/25/2035 •  |  | 654 | 637 |
| **Specialty Underwriting & Residential Finance Trust** <br>5.016% due 12/25/2035 •  |  | 106 | 106 |
|  |  |  | 2487 |
| **OTHER ABS 6.3%**  |  |  |  |
| **37 Capital CLO II Ltd.** <br>5.195% due 07/15/2034 •  |  | 1300 | 1302 |
| **Arbour CLO VI DAC** <br>3.214% due 11/15/2037 •  | EUR | 2600 | 3061 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  |  | 2800 | 3293 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>3.604% due 08/15/2033 •  | 1400 | 1651 |
| **GoodLeap Sustainable Home Solutions Trust**  |  |  |
| 4.000% due 04/20/2049  | $758 | 677 |
| 4.950% due 07/20/2049  | 768 | 700 |
| **Grosvenor Place CLO DAC** <br>4.208% due 08/15/2039 «•  | 300 | 353 |
| **Loanpal Solar Loan Ltd.** <br>2.220% due 03/20/2048 | $116 | 94 |
| **Mosaic Solar Loan Trust** <br>2.640% due 01/20/2053 | 475 | 414 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 3200 | 3761 |
| **Northwoods Capital XIV-B Ltd.** <br>5.091% due 11/13/2031 •  | $1236 | 1237 |
| **Palmer Square European Loan Funding DAC** <br>3.909% due 01/15/2033 •  | 1000 | 1178 |
| **Regatta XVI Funding Ltd.** <br>5.105% due 01/15/2033 •  | $1211 | 1212 |
| **Service Experts Issuer LLC** <br>2.670% due 02/02/2032 | 206 | 203 |
| **Sunnova Helios XI Issuer LLC** <br>5.300% due 05/20/2050 | 949 | 872 |
| **Sunnova Sol IV Issuer LLC** <br>2.790% due 02/22/2049 | 1309 | 1106 |
| **Sunnova Sol V Issuer LLC** <br>5.400% due 04/30/2058 | 1030 | 1007 |
| **Sunrun Demeter Issuer LLC** <br>2.270% due 01/30/2057 | 593 | 542 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 1109 | 1115 |
|  |  | 23778 |
| Total Asset-Backed Securities (Cost $39,447) |  | 39293 |
| **SOVEREIGN ISSUES 4.1%**  |  |  |
| **Brazil Government International Bonds** <br>6.125% due 03/15/2034 | 700 | 709 |
| **Chile Government International Bonds**  |  |  |
| 2.750% due 01/31/2027  | 300 | 296 |
| 3.500% due 01/31/2034  | 300 | 277 |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 500 | 602 |
| **Fondo MIVIVIENDA SA** <br>4.625% due 04/12/2027 | $400 | 402 |
| **Hungary Government International Bonds** <br>4.000% due 07/25/2029 | 1100 | 1328 |
| **Mexico Government International Bonds**  |  |  |
| 2.250% due 08/12/2036  | 610 | 574 |
| 4.490% due 05/25/2032  | 1100 | 1321 |
| **Mexico Udibonos** <br>4.000% due 08/24/2034 (e) | 1213 | 64 |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 4800 | 1630 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 2400 | 142 |
| 8.875% due 02/28/2035  | 90375 | 5695 |
| **Republic of Uzbekistan International Bonds** <br>5.375% due 05/29/2027 | 400 | 481 |
| **Romania Government International Bonds**  |  |  |
| 2.000% due 04/14/2033  | 200 | 191 |
| 5.500% due 09/18/2028  | 500 | 622 |
| 6.375% due 09/18/2033  | 500 | 630 |
| **Serbia International Bonds** <br>1.000% due 09/23/2028 | 300 | 329 |
| **Uruguay Government International Bonds** <br>4.975% due 04/20/2055 | $100 | 91 |
| Total Sovereign Issues (Cost $13,809) |  | 15384 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **REAL ESTATE 0.0%**  |  |  |
| **MNSN Holdings, Inc. (b)(h)** | 1017 | 51 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Common Stocks (Cost $17) |  | 51 |
| **PREFERRED SECURITIES 0.2%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **CaixaBank SA**<br>5.875% due 10/09/2027 (f)(g) | 200000 | 244 |
| **Goldman Sachs Group, Inc.**<br>3.650% due 08/10/2026 (f) | 100000 | 99 |
|  |  | 343 |
| **INDUSTRIALS 0.1%**  |  |  |
| **SVB Financial Trust**<br>11.000% due 11/07/2032 | 1159 | 552 |
| Total Preferred Securities (Cost $1,307) |  | 895 |
| **SHORT-TERM INSTRUMENTS 5.9%**  |  |  |
| **REPURCHASE AGREEMENTS (i) 5.7%** |  | 21700 |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 3.682% due 02/10/2026 - 04/28/2026 (c)(d)(m) | 802 | 795 |
| Total Short-Term Instruments (Cost $22,494) |  | 22495 |
| Total Investments in Securities (Cost $435,294) |  | 432912 |
| Total Investments 114.6% (Cost $435,294) |  | $432912 |
| **Financial Derivative Instruments (j)(l) (0.1)**%(Cost or Premiums, net $2,677) |  | (564) |
| Other Assets and Liabilities, net (14.5)% |  | (54479) |
| Net Assets 100.0% |  | $377869 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. | 03/10/2023 | 03/10/2023 | 03/10/2023 | 17 | 17 | $ | 51 | 0.01 | % |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(i)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/02/2026 | 18600 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (18940) | (18940) | 18600 | $18604 | 18604 |
|  | 01/02/2026 | 3100 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | (3162) | (3162) | 3100 | 3101 | 3101 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | **(22102)** | **(22102)** | **21700** | $**21705** | **21705** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| MSC | MSC | 2.750%  | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | $ | (628) | (628) | (629) | (629) | (629) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **(629)** | **(629)** | **(629)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% | U.S. Government Agencies (4.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000% | 01/01/2056 | $750 | 750 | $ | (609) | $(606) | (606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 01/01/2056 | 750 | 750 |  | (637) | (634) | (634) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 02/01/2056 | 500 | 500 |  | (442) | (442) | (442) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.000 | 02/01/2056 | 8300 | 8300 |  | (8251) | (8270) | (8270) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 02/01/2056 | 6400 | 6400 |  | (6467) | (6484) | (6484) |
| **Total Short Sales (4.3)%** | **Total Short Sales (4.3)%** | **Total Short Sales (4.3)%** | **Total Short Sales (4.3)%** |  |  |  |  | **$** | **(16406)** | $**(16436)** | **(16436)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(21064) at a weighted average interest rate of 4.449%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 60 | 4384 | 4384 | $8 | 8 | 8 | 8 | 5 | 5 | 5 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 1 | 137 | 137 | (1) | (1) | (1) | (1) | 0 | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 6 | 900 | 900 | (13) | (13) | (13) | (13) | 0 | 0 | 0 | (2) |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 53 | 6528 | 6528 | 44 | 44 | 44 | 44 | 11 | 11 | 11 | (5) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 368 | 76834 | 76834 | 69 | 69 | 69 | 69 | 0 | 0 | 0 | (26) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 293 | 32026 | 32026 | (3) | (3) | (3) | (3) | 0 | 0 | 0 | (34) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 804 | 90400 | 90400 | (150) | (150) | (150) | (150) | 0 | 0 | 0 | (163) |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 20 | 2312 | 2312 | (18) | (18) | (18) | (18) | 0 | 0 | 0 | (4) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 9 | 1062 | 1062 | (15) | (15) | (15) | (15) | 0 | 0 | 0 | (4) |
|  |  |  |  |  |  |  |  |  |  |  | (79) | (79) | (79) | $ | 16 | 16 | $ | (238) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 03/2026 | 5 | (1204) | (1204) | $18 | 18 | 18 | 18 | 0 | 0 | 0 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 06/2026 | 4 | (965) | (965) | 14 | 14 | 14 | 14 | 0 | 0 | 0 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 46 | (5291) | (5291) | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 39 | 39 | 39 | $ | 9 | 9 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(40)** | **(40)** | **(40)** | **$** | **25** | **25** | **$** | **(238)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| British Telecommunications PLC  | 1.000% | Quarterly | 06/20/2028 | 06/20/2028 | 0.223 | 0.223 | % | 200 | (1) | $ | 6 | $ | 5 | 5 | 5 | 0 | 0 | 0 |
| British Telecommunications PLC  | 1.000 | Quarterly | 12/20/2028 | 12/20/2028 | 0.252 | 0.252 |  | 700 | (10) |  | 27 |  | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | (11) | $ | 33 | $ | 22 | 22 | 22 | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 09/17/2030 | 09/17/2030 | GBP | 27700 | $(144) | (144) | 298 | 298 | $154 | 154 | 154 | $31 | 31 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.320 | Annual | 10/20/2033 | 10/20/2033 |  | 100 | (1) | (1) | 5 | 5 | 4 | 4 | 4 | 0 | 0 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.700 | Annual | 03/28/2034 | 03/28/2034 |  | 100 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 09/17/2035 | 09/17/2035 |  | 1600 | 33 | 33 | (37) | (37) | (4) | (4) | (4) | 0 | 0 | (2) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | Annual | 12/15/2026 | 12/15/2026 | JPY | 590000 | 16 | 16 | 17 | 17 | 33 | 33 | 33 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | Annual | 06/16/2028 | 06/16/2028 |  | 1600000 | 90 | 90 | 242 | 242 | 332 | 332 | 332 | 8 | 8 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | 09/14/2028 | 09/14/2028 |  | 260000 | (5) | (5) | (27) | (27) | (32) | (32) | (32) | 0 | 0 | (2) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | Annual | 12/15/2028 | 12/15/2028 |  | 1100000 | 203 | 203 | 65 | 65 | 268 | 268 | 268 | 7 | 7 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.700 | Annual | 09/18/2029 | 09/18/2029 |  | 580000 | 8 | 8 | 83 | 83 | 91 | 91 | 91 | 4 | 4 | 0 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | Annual | 06/15/2032 | 233400 | 1 | 111 | 112 | 3 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/18/2034 | 340000 | 20 | 114 | 134 | 5 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 03/15/2042 | 79000 | 20 | 107 | 127 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.600 | Annual | 01/16/2026 | $3500 | 45 | 51 | 96 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.300 | Annual | 01/17/2026 | 2500 | 1 | 50 | 51 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.928 | Semi-Annual | 05/06/2026 | 250 | 0 | 4 | 4 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | 30800 | (401) | 411 | 10 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 12/20/2026 | 11200 | 250 | (310) | (60) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.350 | Semi-Annual | 01/20/2027 | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.360 | Semi-Annual | 02/15/2027 | 550 | 0 | 14 | 14 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 02/17/2027 | 500 | 0 | 12 | 12 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.420 | Semi-Annual | 02/24/2027 | 400 | 0 | 10 | 10 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.430 | Annual | 09/30/2027 | 700 | 0 | 14 | 14 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.450 | Annual | 10/04/2027 | 670 | 0 | 13 | 13 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/13/2027 | 600 | (1) | (4) | (5) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2027 | 500 | (9) | 34 | 25 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 890 | 20 | (14) | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 01/12/2029 | 110 | 0 | 7 | 7 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 02/22/2029 | 500 | (1) | 8 | 7 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 02/27/2029 | 200 | (1) | 4 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 26800 | (196) | (68) | (264) | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2029 | 2470 | 228 | (99) | 129 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2030 | 54800 | 2787 | (1335) | 1452 | 79 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 1440 | 41 | (6) | 35 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2030 | 1900 | (15) | 254 | 239 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 05/10/2031 | 800 | 8 | 86 | 94 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 700 | 52 | 54 | 106 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 8400 | 190 | (273) | (83) | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 07/16/2031 | 250 | (1) | 31 | 30 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 13800 | (751) | 403 | (348) | 0 | (26) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.610 | Annual | 12/12/2032 | 200 | (1) | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.350 | Annual | 12/14/2032 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 05/22/2033 | 18580 | 179 | 60 | 239 | 36 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 06/06/2033 | 11110 | (57) | 40 | (17) | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 3490 | 52 | 117 | 169 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 11/22/2033 | 200 | (1) | (7) | (8) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 12/15/2033 | 200 | (1) | (4) | (5) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 12/19/2033 | 200 | (1) | (3) | (4) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 12/26/2033 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.854 | Annual | 12/29/2033 | 200 | (1) | (2) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 100 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 200 | (1) | 3 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.670 | Annual | 01/08/2034 | 200 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.594 | Annual | 01/09/2034 | 200 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 200 | (1) | 3 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 01/23/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.738 | Annual | 01/23/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 01/24/2034 | 100 | 0 | (1) | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.665 | Annual | 01/24/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.685 | Annual | 01/24/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 01/31/2034 | 100 | 0 | (1) | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.725 | Annual | 02/07/2034 | 100 | (1) | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.783 | Annual | 02/07/2034 | 100 | (1) | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 02/21/2034 | 400 | (2) | 6 | 4 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 03/05/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 03/05/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.710 | Annual | 03/05/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/10/2034 | 200 | (1) | 4 | 3 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/15/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 04/16/2034 | 200 | (1) | 4 | 3 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 04/17/2034 | 200 | (1) | 6 | 5 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 04/22/2034 | 200 | (1) | 6 | 5 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 04/22/2034 | 200 | (1) | 7 | 6 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.078 | Annual | 04/29/2034 | 200 | (1) | 6 | 5 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 04/30/2034 | 500 | (1) | 15 | 14 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 05/03/2034 | 200 | (1) | 7 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 06/05/2034 | 200 | (1) | (4) | (5) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 11400 | (56) | 42 | (14) | 24 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.994 | Annual | 07/02/2034 | 300 | (1) | (5) | (6) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 200 | (1) | (4) | (5) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 | 400 | (1) | (4) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 08/05/2034 | 200 | (1) | (1) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.795 | Annual | 08/06/2034 | 200 | (1) | 0 | (1) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | 08/07/2034 | 200 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/07/2034 | 200 | (1) | 1 | 0 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 200 | (1) | 2 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.569 | Annual | 08/14/2034 | 200 | (1) | 4 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 400 | (1) | 5 | 4 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 200 | (1) | 4 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 | 200 | (1) | 4 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 | 200 | (1) | 3 | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 | 200 | (1) | 4 | 3 | 1 | 0 |

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------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 | 200 | (1) | 4 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 | 200 | (1) | 3 | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | 08/28/2034 | 400 | (2) | 6 | 4 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 200 | (1) | 2 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 | 200 | (1) | 4 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 | 200 | (1) | 4 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 | 200 | (1) | 6 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 100 | (1) | 5 | 4 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 | 100 | 0 | 4 | 4 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 | 200 | (1) | 8 | 7 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 | 200 | (1) | 9 | 8 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 | 200 | (1) | 8 | 7 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 10/11/2034 | 200 | (1) | (3) | (4) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 10/15/2034 | 200 | (1) | (4) | (5) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.385 | Annual | 10/17/2034 | 200 | (1) | (4) | (5) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.395 | Annual | 10/17/2034 | 300 | (1) | (7) | (8) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.400 | Annual | 10/17/2034 | 100 | 0 | (3) | (3) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.446 | Annual | 10/23/2034 | 200 | (1) | (3) | (4) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.463 | Annual | 10/23/2034 | 200 | (1) | (3) | (4) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.481 | Annual | 10/29/2034 | 200 | (1) | (3) | (4) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.465 | Annual | 10/30/2034 | 400 | (1) | (7) | (8) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.495 | Annual | 10/30/2034 | 200 | (1) | (3) | (4) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/06/2034 | 1100 | (4) | (14) | (18) | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.866 | Annual | 11/14/2034 | 600 | (2) | 9 | 7 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.865 | Annual | 11/20/2034 | 600 | (3) | 9 | 6 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 12/30/2034 | 200 | (1) | 5 | 4 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.933 | Annual | 01/06/2035 | 200 | (1) | 3 | 2 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 | 200 | (1) | 2 | 1 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.896 | Annual | 01/08/2035 | 200 | (1) | 3 | 2 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 | 200 | (1) | 3 | 2 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 01/15/2035 | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 | 200 | (1) | 6 | 5 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 | 100 | 0 | 3 | 3 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 | 200 | (1) | 6 | 5 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 | 250 | (1) | (3) | (4) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 200 | (1) | (1) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 200 | (1) | 0 | (1) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 200 | (1) | (1) | (2) | 1 | 0 |

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------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 |  | 5800 | (435) | 158 | (277) | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 400 | (1) | (4) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 200 | (1) | (1) | (2) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 |  | 400 | (2) | 1 | (1) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 |  | 200 | (1) | 5 | 4 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.967 | Semi-Annual | 06/23/2051 |  | 100 | (1) | 41 | 40 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.785 | Semi-Annual | 08/12/2051 |  | 250 | (3) | 109 | 106 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.815 | Semi-Annual | 01/24/2052 |  | 50 | 0 | (21) | (21) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.867 | Semi-Annual | 01/26/2052 |  | 50 | 0 | (21) | (21) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 |  | 100 | (30) | (10) | (40) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 02/23/2053 |  | 200 | (2) | (36) | (38) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.750 | Annual | 06/21/2053 |  | 2400 | 149 | 437 | 586 | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.370 | Annual | 07/12/2053 |  | 100 | (1) | (13) | (14) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.537 | Annual | 07/24/2053 |  | 100 | (7) | (21) | (28) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.830 | Annual | 10/12/2053 |  | 100 | (1) | (5) | (6) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 10/16/2053 |  | 100 | (1) | (4) | (5) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 |  | 100 | (1) | (4) | (5) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 03/05/2054 |  | 100 | (1) | (10) | (11) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 |  | 3000 | 179 | 175 | 354 | 10 | 0 |
| Pay | 1-Year BRL-CDI | 9.815 | Maturity | 01/04/2027 | BRL | 13200 | 0 | (183) | (183) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.832 | Maturity | 01/04/2027 |  | 6100 | 0 | (84) | (84) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.256 | Maturity | 01/04/2027 |  | 18400 | (7) | (211) | (218) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 83675 | (39) | 12 | (27) | 0 | (1) |
| Pay | 3-Month NZD-BBR | 4.750 | Semi-Annual | 06/19/2029 | NZD | 1600 | 10 | 35 | 45 | 2 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 | AUD | 4000 | (15) | (11) | (26) | 0 | (3) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 6300 | 134 | (219) | (85) | 0 | (8) |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/13/2027 | EUR | 700 | (3) | (7) | (10) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 |  | 450 | (2) | (5) | (7) | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.000 | Annual | 03/18/2028 |  | 8300 | (35) | (23) | (58) | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 3.370 | Annual | 10/09/2028 |  | 200 | (1) | 8 | 7 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 3.450 | Annual | 10/20/2028 |  | 200 | 0 | 8 | 8 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.270 | Annual | 11/08/2028 |  | 200 | (1) | (5) | (6) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.255 | Annual | 11/22/2028 |  | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.179 | Annual | 11/29/2028 |  | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.920 | Annual | 12/13/2028 |  | 200 | 0 | (4) | (4) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.880 | Annual | 12/19/2028 |  | 200 | 0 | (3) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.950 | Annual | 12/29/2028 |  | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.760 | Annual | 01/03/2029 |  | 100 | 0 | (3) | (3) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/16/2029 |  | 200 | 0 | 6 | 6 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.860 | Annual | 04/24/2029 |  | 100 | 0 | 4 | 4 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.780 | Annual | 05/02/2029 |  | 200 | 0 | 6 | 6 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.827 | Annual | 05/06/2029 |  | 200 | 0 | 7 | 7 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.950 | Annual | 06/12/2029 |  | 100 | 0 | 4 | 4 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.818 | Annual | 06/26/2029 |  | 200 | 0 | (6) | (6) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 |  | 200 | 0 | (2) | (2) | 0 | 0 |

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<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 6-Month EUR-EURIBOR | 2.300 | Annual | 09/25/2029 | 200 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.360 | Annual | 10/07/2029 | 200 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | 200 | 0 | (2) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.350 | Annual | 04/29/2030 | 200 | 0 | (1) | (1) | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 | 2000 | 6 | (18) | (12) | 0 | (2) |
| Pay | 6-Month EUR-EURIBOR | 2.547 | Annual | 03/09/2033 | 500 | (11) | 12 | 1 | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 3.270 | Annual | 08/21/2033 | 100 | 0 | 4 | 4 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 3.300 | Annual | 10/03/2033 | 400 | (2) | 20 | 18 | 0 | (1) |
| Receive | 6-Month EUR-EURIBOR | 3.250 | Annual | 11/06/2033 | 100 | (1) | (3) | (4) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.148 | Annual | 11/20/2033 | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.280 | Annual | 11/22/2033 | 100 | 0 | (4) | (4) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.305 | Annual | 11/27/2033 | 100 | 0 | (4) | (4) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.128 | Annual | 12/04/2033 | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.063 | Annual | 12/06/2033 | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.990 | Annual | 12/08/2033 | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.970 | Annual | 12/15/2033 | 200 | (1) | (2) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.890 | Annual | 12/22/2033 | 200 | (1) | (1) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.910 | Annual | 12/29/2033 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 01/08/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.760 | Annual | 03/04/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/05/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.670 | Annual | 04/03/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/29/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.710 | Annual | 08/06/2034 | 200 | (1) | 3 | 2 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.680 | Annual | 08/07/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.580 | Annual | 08/29/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.390 | Annual | 10/01/2034 | 100 | 0 | 4 | 4 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.410 | Annual | 11/05/2034 | 400 | (1) | (15) | (16) | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 2.380 | Annual | 12/31/2034 | 100 | 0 | (5) | (5) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.220 | Annual | 01/08/2035 | 100 | 0 | (5) | (5) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 02/12/2035 | 100 | 0 | 3 | 3 | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 | 100 | 0 | (3) | (3) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.610 | Annual | 03/24/2035 | 100 | 0 | (1) | (1) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.520 | Annual | 03/27/2035 | 100 | 0 | (2) | (2) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 04/01/2035 | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.550 | Annual | 04/16/2035 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.450 | Annual | 05/05/2035 | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 | 700 | 2 | 13 | 15 | 1 | 0 |

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<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | Annual | 03/18/2056 |  | 4970 |  | 70 | 70 |  | 226 |  | 296 | 296 |  | 17 | 17 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 2465 | 2465 | $1034 | 1034 | $3499 | 3499 | 3499 | $353 | 353 | 353 | $(89) | (89) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **2454** | **2454** | $**1067** | **1067** | $**3521** | **3521** | **3521** | $**353** | **353** | **353** | $**(89)** | **(89)** |
| **(k)** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,111 and cash of $6,921 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $433 | 433 | 433 | EUR | EUR | 367 | 367 | 367 | 0 | 0 | 0 | 0 | 0 | $(2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | 01/2026  | AUD | 217 | 217 | 217 | $ | $ | 141 | 141 | 141 | 0 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | 05/2026  | $ | $46 | 46 | 46 | KWD | KWD | 14 | 14 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | 06/2026  |  | 33 | 33 | 33 |  |  | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | 07/2026  | 07/2026  |  | 21 | 21 | 21 |  |  | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2027  | 06/2027  | 06/2027  | 06/2027  |  | 16 | 16 | 16 |  |  | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2029  | 05/2029  | 05/2029  | 05/2029  | KWD | 70 | 70 | 70 | $ | $ | 240 | 240 | 240 | 10 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 07/2029  | 07/2029  | 07/2029  | 07/2029  |  | 9 | 9 | 9 |  |  | 30 | 30 | 30 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 05/2030  | 05/2030  | 05/2030  | 05/2030  |  | 51 | 51 | 51 |  |  | 177 | 177 | 177 | 6 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | 01/2026  | ZAR | 10944 | 10944 | 10944 |  |  | 632 | 632 | 632 | 0 | 0 | 0 | 0 | 0 | (28) | (28) | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $1470 | 1470 | 1470 | GBP | GBP | 1112 | 1112 | 1112 | 29 | 29 | 29 | 29 | 29 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  |  | 1304 | 1304 | 1304 | JPY | JPY | 202907 | 202907 | 202907 | 0 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | 01/2026  | AUD | 443 | 443 | 443 | $ | $ | 292 | 292 | 292 | 0 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | EUR | 3212 | 3212 | 3212 |  |  | 3724 | 3724 | 3724 | 0 | 0 | 0 | 0 | 0 | (53) | (53) | (53) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | 02/2026  | PEN | 965 | 965 | 965 |  |  | 262 | 262 | 262 | 0 | 0 | 0 | 0 | 0 | (24) | (24) | (24) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | 03/2026  |  | 4221 | 4221 | 4221 |  |  | 1199 | 1199 | 1199 | 0 | 0 | 0 | 0 | 0 | (54) | (54) | (54) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  | 01/2026  | 01/2026  | ZAR | 10057 | 10057 | 10057 |  |  | 583 | 583 | 583 | 0 | 0 | 0 | 0 | 0 | (23) | (23) | (23) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | 03/2026  | BRL | 149 | 149 | 149 |  |  | 27 | 27 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | 03/2026  | $ | $4938 | 4938 | 4938 | BRL | BRL | 27364 | 27364 | 27364 | 0 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 01/2026  | 01/2026  | 01/2026  |  | 2690 | 2690 | 2690 | MXN | MXN | 50034 | 50034 | 50034 | 82 | 82 | 82 | 82 | 82 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | ZAR | 17213 | 17213 | 17213 | $ | $ | 1003 | 1003 | 1003 | 0 | 0 | 0 | 0 | 0 | (35) | (35) | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 01/2026  | 01/2026  | AUD | 152 | 152 | 152 |  |  | 100 | 100 | 100 | 0 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | CAD | 1376 | 1376 | 1376 |  |  | 978 | 978 | 978 | 0 | 0 | 0 | 0 | 0 | (25) | (25) | (25) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | EUR | 356 | 356 | 356 |  |  | 413 | 413 | 413 | 0 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $568 | 568 | 568 | GBP | GBP | 425 | 425 | 425 | 5 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  |  | 71 | 71 | 71 | JPY | JPY | 11111 | 11111 | 11111 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 01/2026  | 01/2026  |  | 398 | 398 | 398 |  |  | 61900 | 61900 | 61900 | 0 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 01/2026  | 01/2026  |  | 1012 | 1012 | 1012 |  |  | 157399 | 157399 | 157399 | 0 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 01/2026  | 01/2026  | EUR | 29005 | 29005 | 29005 | $ | $ | 33581 | 33581 | 33581 | 0 | 0 | 0 | 0 | 0 | (520) | (520) | (520) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | GBP | 8156 | 8156 | 8156 |  |  | 10747 | 10747 | 10747 | 0 | 0 | 0 | 0 | 0 | (247) | (247) | (247) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $3765 | 3765 | 3765 | JPY | JPY | 588807 | 588807 | 588807 | 0 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | 03/2026  | MXN | 261 | 261 | 261 | $ | $ | 14 | 14 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | 03/2026  | $ | $0 | 0 | 0 | MXN | MXN | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 01/2026  | 01/2026  | ZAR | 19105 | 19105 | 19105 | $ | $ | 1099 | 1099 | 1099 | 0 | 0 | 0 | 0 | 0 | (54) | (54) | (54) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **133** | **133** | **133** | **133** | **$** | **(1108)** | **(1108)** | **(1108)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Cost |  | Market<br>Value | Market<br>Value |
| GLM | GLM | Call - OTC 30-Year Interest Rate Swap  | Call - OTC 30-Year Interest Rate Swap  | Call - OTC 30-Year Interest Rate Swap  | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 2.110% | 2.110% | 2.110% | 07/26/2032 | 07/26/2032 | 200 | 200 | 200 | $32 | 32 | 32 | $ | 7 | 7 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | Put - OTC 30-Year Interest Rate Swap  | Put - OTC 30-Year Interest Rate Swap  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 2.110 | 2.110 | 2.110 | 07/26/2032 | 07/26/2032 | 300 | 300 | 300 | 49 | 49 | 49 |  | 91 | 91 |
| MYC | MYC | Call - OTC 30-Year Interest Rate Swap  | Call - OTC 30-Year Interest Rate Swap  | Call - OTC 30-Year Interest Rate Swap  | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 2.400 | 2.400 | 2.400 | 07/20/2027 | 07/20/2027 | 300 | 300 | 300 | 39 | 39 | 39 |  | 1 | 1 |

---

------

<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 2.400 | 2.400 | 07/20/2027 | 07/20/2027 | 07/20/2027 | 300 |  | 40 | 40 | 40 | 84 | 84 | 84 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **160** | **160** | **160** | $**183** | **183** | **183** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| MYC | MYC | South Africa Government International Bonds  | Quarterly | 12/20/2026 | 12/20/2026 | 0.266% | 0.266% | 0.266% | 0.266% | $1000 | (44) | (44) | $51 | 51 | $7 | 7 | 7 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| BOA | BOA | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | 400 | 91 | 91 | 3 | 3 | 94 | 94 | $ | 0 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 190 | 44 | 44 | 1 | 1 | 45 | 45 |  | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 100 | 23 | 23 | 1 | 1 | 24 | 24 |  | 0 |
| MYC | MYC | CMBX.NA.AAA.14 Index  | 0.500 | Monthly | Monthly | Monthly | 12/16/2072 | 12/16/2072 | $ | 2100 | (51) | (51) | 58 | 58 | 7 | 7 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 107 | 107 | $63 | 63 | $170 | 170 | 170 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **63** | **63** | $**114** | **114** | $**177** | **177** | **177** | $**0** |
| **(m)** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $847 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | 0 | $ | 301 | $0 | 0 | 0 | $ | 301 | 301 | 301 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 |  | 57047 | 0 | 0 | 0 |  | 57047 | 57047 | 57047 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 |  | 30877 | 0 | 0 | 0 |  | 30877 | 30877 | 30877 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 |  | 11269 | 0 | 0 | 0 |  | 11269 | 11269 | 11269 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 |  | 168869 | 0 | 0 | 0 |  | 168869 | 168869 | 168869 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 |  | 48232 | 0 | 0 | 0 |  | 48232 | 48232 | 48232 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 |  | 38199 | 0 | 0 | 0 |  | 38199 | 38199 | 38199 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 0 |  | 2274 | 0 | 0 | 0 |  | 2274 | 2274 | 2274 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 0 |  | 401 | 0 | 0 | 0 |  | 401 | 401 | 401 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 0 |  | 10353 | 0 | 0 | 0 |  | 10353 | 10353 | 10353 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 0 |  | 2487 | 0 | 0 | 0 |  | 2487 | 2487 | 2487 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 0 |  | 23425 | 353 | 353 | 353 |  | 23778 | 23778 | 23778 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 |  | 15384 | 0 | 0 | 0 |  | 15384 | 15384 | 15384 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Real Estate | Real Estate | Real Estate | Real Estate | Real Estate | 0 | 0 | 0 | 0 |  | 0 | 51 | 51 | 51 |  | 51 | 51 | 51 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 |  | 343 | 0 | 0 | 0 |  | 343 | 343 | 343 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 |  | 552 | 0 | 0 | 0 |  | 552 | 552 | 552 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 0 |  | 21700 | 0 | 0 | 0 |  | 21700 | 21700 | 21700 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 |  | 795 | 0 | 0 | 0 |  | 795 | 795 | 795 |  |

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<br> Schedule of Investments PIMCO ESG Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Total Investments | $0 | $432508 | $404 | $432912 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(16436) | $0 | $(16436) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 16 | 362 | 0 | 378 |
| Over the counter | 0 | 493 | 0 | 493 |
|  | $16 | $855 | $0 | $871 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (7) | (320) | 0 | (327) |
| Over the counter | 0 | (1108) | 0 | (1108) |
|  | $(7) | $(1428) | $0 | $(1435) |
| Total Financial Derivative Instruments | $9 | $(573) | $0 | $(564) |
| Totals | $9 | $415499 | $404 | $415912 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Extended Duration Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 223.1% ¤** |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **INDUSTRIALS 1.1%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $4760 | $5033 |
| Total Corporate Bonds & Notes (Cost $4,760) |  | 5033 |
| **U.S. GOVERNMENT AGENCIES 20.9%**  |  |  |
| **Federal Home Loan Mortgage Corp. Military Housing Bonds Resecuritization Trust Certificates**<br>4.447% due 11/25/2052 ~ | 4375 | 4116 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 978 | 952 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 0.000% due 01/15/2041 (b)(d) | 2161 | 1679 |
| 3.000% due 04/15/2053 | 1658 | 1294 |
| 4.000% due 09/15/2054 | 937 | 867 |
| 4.774% due 12/25/2055 •  | 1902 | 1905 |
| 6.000% due 06/15/2035 | 521 | 545 |
| **Federal National Mortgage Association**<br>4.000% due 08/01/2048 | 31 | 30 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/25/2043 | 534 | 455 |
| 5.000% due 08/25/2033 | 14 | 14 |
| 5.500% due 04/25/2033 - 08/25/2035 | 18 | 18 |
| 6.000% due 12/25/2034 | 353 | 368 |
| **Federal National Mortgage Association-ACES**<br>2.242% due 01/25/2031 ~(a) | 2229 | 113 |
| **Government National Mortgage Association**<br>4.000% due 09/20/2055 | 99 | 94 |
| **Government National Mortgage Association REMICS**<br>5.500% due 10/20/2037 | 205 | 209 |
| **Government National Mortgage Association, TBA**  |  |  |
| 4.000% due 02/01/2056 | 11000 | 10389 |
| 4.500% due 02/01/2056 | 2100 | 2044 |
| **Resolution Funding Corp. Interest STRIPS**<br>0.000% due 10/15/2028 (a) | 800 | 724 |
| **Tennessee Valley Authority**<br>4.625% due 09/15/2060 | 1000 | 891 |
| **U.S. Small Business Administration**<br>5.290% due 12/01/2027 | 8 | 8 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 5400 | 5119 |
| 4.500% due 02/01/2056 | 8300 | 8096 |
| 5.000% due 02/01/2056 | 20200 | 20127 |
| 6.000% due 02/01/2056 | 33200 | 34073 |
| 6.500% due 02/01/2056 | 1700 | 1767 |
| Total U.S. Government Agencies (Cost $97,044) |  | 95897 |
| **U.S. TREASURY OBLIGATIONS 186.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 2.250% due 08/15/2049 (f) | 3400 | 2133 |
| 2.250% due 02/15/2052 (f) | 5500 | 3339 |
| 2.750% due 11/15/2047 | 1 | 1 |
| 3.000% due 11/15/2044 | 80 | 62 |
| 3.375% due 11/15/2048 (f) | 18600 | 14722 |
| 3.625% due 02/15/2053 (f) | 1200 | 972 |
| 4.000% due 11/15/2052 (f) | 1900 | 1649 |
| 4.250% due 02/15/2054 (f) | 9600 | 8682 |
| 4.250% due 08/15/2054 (f) | 12700 | 11486 |
| 4.500% due 11/15/2054 (f) | 2800 | 2642 |
| 4.625% due 02/15/2055 (f) | 44400 | 42780 |
| 4.750% due 05/15/2055 (f) | 31200 | 30666 |
| 4.750% due 08/15/2055 (f) | 61200 | 60186 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.625% due 07/15/2032 (f) | 5827 | 5469 |
| 1.125% due 01/15/2033 (f) | 9269 | 8897 |
| 1.750% due 01/15/2034 (f) | 9110 | 9062 |
| 1.875% due 07/15/2034 (f) | 623 | 625 |
| 2.125% due 01/15/2035 (f) | 1032 | 1050 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 05/15/2034 (a) | 31800 | 22378 |

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<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.000% due 08/15/2034 (a)(f) | 76520 | 53150 |
| 0.000% due 11/15/2034 (a)(h) | 34600 | 23740 |
| 0.000% due 08/15/2035 (a)(h) | 6870 | 4537 |
| 0.000% due 05/15/2036 (a) | 52000 | 33016 |
| 0.000% due 11/15/2036 (a)(f) | 76900 | 47499 |
| 0.000% due 05/15/2037 (a) | 54350 | 32695 |
| 0.000% due 08/15/2037 (a) | 9100 | 5396 |
| 0.000% due 05/15/2041 (a) | 160 | 76 |
| 0.000% due 08/15/2041 (a) | 120 | 56 |
| 0.000% due 11/15/2041 (a) | 60 | 28 |
| 0.000% due 08/15/2042 (a) | 690 | 303 |
| 0.000% due 11/15/2042 (a) | 120 | 52 |
| 0.000% due 08/15/2041 (d) | 14800 | 7118 |
| 0.000% due 02/15/2042 (d)(h) | 9500 | 4422 |
| 0.000% due 05/15/2042 (d)(h) | 9700 | 4446 |
| 0.000% due 05/15/2043 (d) | 16610 | 7180 |
| 0.000% due 08/15/2043 (d) | 22200 | 9444 |
| 0.000% due 05/15/2044 (d) | 32700 | 13318 |
| 0.000% due 08/15/2044 (d)(h) | 1500 | 603 |
| 0.000% due 11/15/2044 (d)(h) | 4800 | 1900 |
| 0.000% due 02/15/2045 (d)(h) | 5200 | 2035 |
| 0.000% due 05/15/2045 (d)(h) | 7750 | 2999 |
| 0.000% due 08/15/2046 (d)(h) | 3500 | 1264 |
| 0.000% due 05/15/2048 (d) | 77000 | 25319 |
| 0.000% due 08/15/2048 (d)(f) | 153800 | 49892 |
| 0.000% due 11/15/2048 (d)(f) | 172400 | 55217 |
| 0.000% due 02/15/2049 (d) | 120600 | 38084 |
| 0.000% due 08/15/2049 (d) | 72300 | 22292 |
| 0.000% due 11/15/2049 (d) | 155500 | 47258 |
| 0.000% due 08/15/2050 (d)(f) | 202600 | 59348 |
| 0.000% due 05/15/2051 (d)(f) | 213900 | 60218 |
| 0.000% due 11/15/2054 (d) | 58200 | 14111 |
| Total U.S. Treasury Obligations (Cost $1,217,384) |  | 853817 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.5%**  |  |  |
| **1166 Avenue of the Americas Commercial Mortgage Trust II** <br>5.690% due 10/13/2037 | 3000 | 2649 |
| **Bank5** <br>4.793% due 12/15/2058 | 1300 | 1318 |
| **BBCMS Mortgage Trust** <br>5.015% due 09/15/2058 | 900 | 921 |
| **Bear Stearns ALT-A Trust** <br>4.791% due 09/25/2035 ~ | 91 | 49 |
| **Benchmark Mortgage Trust** <br>5.660% due 04/15/2057 | 1200 | 1256 |
| **BMO Mortgage Trust** <br>5.187% due 07/15/2058 | 800 | 822 |
| **CHL Mortgage Pass-Through Trust** <br>4.530% due 09/25/2047 ~ | 67 | 61 |
| **GS Mortgage Securities Trust** <br>3.602% due 10/10/2049 ~ | 1800 | 1688 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.248% due 12/15/2031 •  | 662 | 660 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.746% due 12/25/2049 •  | 50 | 48 |
| 6.033% due 07/25/2035 ~  | 11 | 11 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 11/25/2059 ~ | 1113 | 1076 |
| **RCKT Mortgage Trust** <br>5.553% due 03/25/2055 þ | 663 | 671 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>4.166% due 10/25/2035 •  | 173 | 167 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.759% due 01/25/2047 •  | 59 | 57 |
| 5.529% due 10/25/2046 •  | 2 | 2 |
| Total Non-Agency Mortgage-Backed Securities (Cost $12,357) |  | 11456 |
| **ASSET-BACKED SECURITIES 7.5%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.3%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>6.020% due 02/20/2030 | 1400 | 1469 |
| **CMBS OTHER 0.9%**  |  |  |
| **ACREC Ltd.** <br>4.999% due 10/16/2036 •  | 312 | 311 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 788 | 793 |
| **BDS Ltd.** <br>5.199% due 12/16/2036 •  | 198 | 198 |
| **LMNT CRE LLC** <br>5.550% due 07/21/2043 •  | 900 | 902 |

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<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LRECS LLC** <br>5.500% due 08/19/2043 •  | 1200 | 1202 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 414 | 414 |
|  |  | 3820 |
| **HOME EQUITY OTHER 1.2%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.641% due 01/25/2035 •  | 3158 | 3048 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 1423 | 1446 |
| **MASTR Asset-Backed Securities Trust** <br>4.671% due 10/25/2034 •  | 957 | 939 |
|  |  | 5433 |
| **OTHER ABS 5.1%**  |  |  |
| **37 Capital CLO 4 Ltd.** <br>4.995% due 04/15/2035 •  | 1000 | 1000 |
| **ARES LXV CLO Ltd.** <br>4.978% due 07/25/2034 •  | 700 | 700 |
| **Bain Capital Euro CLO DAC** <br>3.265% due 01/22/2038 •  | 500 | 588 |
| **Black Diamond CLO DAC** <br>3.044% due 05/15/2032 •  | 688 | 810 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 300 | 353 |
| **College Avenue Student Loans LLC** <br>5.774% due 05/25/2055 •  | $644 | 656 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(c) | 1000 | 1175 |
| **Dell Equipment Finance Trust** <br>4.680% due 07/22/2027 | $1000 | 1004 |
| **ECMC Group Student Loan Trust** <br>4.739% due 02/27/2068 •  | 332 | 330 |
| **Fortress Credit BSL X Ltd.** <br>5.014% due 04/20/2033 •  | 600 | 601 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 1010 | 1187 |
| **Hayfin Emerald CLO VI DAC** <br>3.259% due 10/15/2038 •  | 1200 | 1411 |
| **Indigo Credit Management I DAC** <br>0.000% due 10/15/2037 •  | 1000 | 1175 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 1100 | 1293 |
| **Neuberger Berman Loan Advisers CLO 43 Ltd.** <br>4.932% due 07/17/2036 •  | $1000 | 1000 |
| **OFSI BSL X Ltd.** <br>5.154% due 04/20/2034 •  | 1000 | 1001 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 1000 | 1175 |
| **PK ALIFT Loan Funding 6 LP** <br>5.365% due 11/15/2042 | $845 | 852 |
| **Providus CLO V DAC** <br>3.314% due 11/15/2039 •  | 1400 | 1647 |
| **Rockford Tower Europe CLO DAC** <br>3.326% due 08/29/2036 •  | 1000 | 1176 |
| **Saranac CLO VI Ltd.** <br>5.125% due 08/13/2031 •  | $188 | 189 |
| **Slam Ltd.** <br>5.807% due 05/15/2050 | 483 | 496 |
| **THL Credit Wind River CLO Ltd.** <br>5.105% due 04/15/2035 •  | 800 | 801 |
| **Trysail CLO Ltd.** <br>5.123% due 10/20/2033 •  | 1000 | 1001 |
| **UPX HIL Issuer Trust** <br>5.160% due 01/25/2047 | 868 | 875 |
| **Venture 36 CLO Ltd.** <br>5.276% due 04/20/2032 •  | 999 | 1000 |
|  |  | 23496 |
| Total Asset-Backed Securities (Cost $33,905) |  | 34218 |
| **SOVEREIGN ISSUES 4.9%**  |  |  |
| **Canada Government Bonds** <br>3.000% due 06/01/2034 | 1000 | 712 |
| **Cassa Depositi e Prestiti SpA** <br>4.375% due 10/01/2030 | $400 | 402 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.300% due 12/20/2054  | 380000 | 1949 |
| 2.400% due 03/20/2055  | 47000 | 247 |
| 2.800% due 06/20/2055  | 180000 | 1029 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.000% due 12/20/2044  | 500000 | 2778 |

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<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| 2.400% due 03/20/2045  |  | 74000 | 437 |
| **Mexico Udibonos** <br>4.000% due 11/30/2028 (e) | MXN | 173 | 10 |
| **Peru Government International Bonds**  |  |  |  |
| 5.400% due 08/12/2034  | PEN | 4100 | 1217 |
| 6.150% due 08/12/2032  |  | 12400 | 3981 |
| 6.950% due 08/12/2031  |  | 4161 | 1376 |
| **Republic of South Africa Government Bonds**  |  |  |  |
| 8.250% due 03/31/2032  | ZAR | 7800 | 483 |
| 8.500% due 01/31/2037  |  | 11300 | 678 |
| 8.875% due 02/28/2035  |  | 112600 | 7096 |
| **U.K. Gilts** <br>4.375% due 07/31/2054 | GBP | 200 | 237 |
| Total Sovereign Issues (Cost $21,873) |  |  | 22632 |
| Total Investments in Securities (Cost $1,387,323) |  |  | 1023053 |
|  |  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 1.3%**  |  |  |  |
| **SHORT-TERM INSTRUMENTS 1.3%**  |  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.3%**  |  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** |  | 636065 | 6196 |
| Total Short-Term Instruments (Cost $6,196) |  |  | 6196 |
| Total Investments in Affiliates (Cost $6,196) |  |  | 6196 |
| Total Investments 224.4% (Cost $1,393,519) |  |  | $1029249 |
| **Financial Derivative Instruments (g)(i) 0.2**%(Cost or Premiums, net $(942)) |  |  | 704 |
| Other Assets and Liabilities, net (124.6)% |  |  | (571309) |
| Net Assets 100.0% |  |  | $458644 |

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<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOO | BOO | BOO | 3.820%  | 3.820%  | 01/02/2026 | 01/02/2026 | 01/02/2026 | 01/05/2026 | 01/05/2026 | $(790) | (790) | $ | (790) |
|  |  |  | 3.900  | 3.900  | 12/31/2025 | 12/31/2025 | 12/31/2025 | 01/02/2026 | 01/02/2026 | (792) | (792) |  | (792) |
|  |  |  | 3.970  | 3.970  | 12/31/2025 | 12/31/2025 | 12/31/2025 | 01/02/2026 | 01/02/2026 | (288094) | (288094) |  | (288157) |
| BSN | BSN | BSN | 3.810  | 3.810  | 01/02/2026 | 01/02/2026 | 01/02/2026 | 01/16/2026 | 01/16/2026 | (55161) | (55161) |  | (55161) |
|  |  |  | 3.930  | 3.930  | 12/18/2025 | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | (54977) | (54977) |  | (55067) |
| JPS | JPS | JPS | 3.890  | 3.890  | 12/22/2025 | 12/22/2025 | 12/22/2025 | 01/05/2026 | 01/05/2026 | (61429) | (61429) |  | (61503) |
|  |  |  | 3.930  | 3.930  | 12/22/2025 | 12/22/2025 | 12/22/2025 | 01/05/2026 | 01/05/2026 | (89455) | (89455) |  | (89562) |
|  |  |  | 3.930  | 3.930  | 12/31/2025 | 12/31/2025 | 12/31/2025 | 01/05/2026 | 01/05/2026 | (880) | (880) |  | (880) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **$** | **(551912)** |
| **(f)** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $489,350 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(504639) at a weighted average interest rate of 4.406%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Notional Amount | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 111.500 | 01/23/2026 | 01/23/2026 | $72 | 72 | (13) | $ | (11) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 30 | 30 | (5) |  | (10) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 102 | 102 | (20) |  | (8) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(38)** | **$** | **(29)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 09/2027 | 498 | 498 | $120584 | 120584 | 120584 | (193) | (193) | $0 | 0 | $(31) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 06/2027 | 124 | 124 | 30034 | 30034 | 30034 | (14) | (14) | 0 | 0 | (8) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 12/2027 | 124 | 124 | 30010 | 30010 | 30010 | (23) | (23) | 0 | 0 | (10) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 82 | 82 | 5991 | 5991 | 5991 | 11 | 11 | 7 | 7 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 38 | 38 | 5697 | 5697 | 5697 | (79) | (79) | 0 | 0 | (10) |
| Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 10 | 10 | 1232 | 1232 | 1232 | 8 | 8 | 2 | 2 | (1) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 539 | 539 | 58915 | 58915 | 58915 | (51) | (51) | 0 | 0 | (63) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 267 | 267 | 30021 | 30021 | 30021 | (106) | (106) | 0 | 0 | (54) |

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------

<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 275 |  | 32450 | (555) | (555) | (555) | 0 | 0 | 0 |  | (103) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (1002) | (1002) | $ | 9 | 9 | $ | $ | (280) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 44 | $ | (6236) | 24 | 24 | 24 | 15 | 15 | 15 | $ | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 17 |  | (14370) | 97 | 97 | 97 | 31 | 31 | 31 |  | 0 |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 309 |  | (64516) | 2 | 2 | 2 | 22 | 22 | 22 |  | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 1104 |  | (127616) | 1465 | 1465 | 1465 | 242 | 242 | 242 |  | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 3367 |  | (387258) | 2441 | 2441 | 2441 | 631 | 631 | 631 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 4029 | 4029 | $ | 941 | 941 | $ | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **3027** | **3027** | **$** | **950** | **950** | **$** | **$** | **(280)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | Annual | 09/17/2030 | 09/17/2030 | GBP | 17200 | 17200 | (54) | 149 | $95 | 95 | 95 | $19 | 19 | 19 | $0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | Annual | 03/18/2028 | 03/18/2028 | JPY | 1830000 | 1830000 | 36 | 20 | 56 | 56 | 56 | 7 | 7 | 7 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | Annual | 08/31/2028 | 08/31/2028 | $ | $3340 | 3340 | 14 | (60) | (46) | (46) | (46) | 3 | 3 | 3 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2029 | 06/20/2029 |  | 13400 | 13400 | 21 | (153) | (132) | (132) | (132) | 15 | 15 | 15 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2031 | 06/20/2031 |  | 10200 | 10200 | (90) | (13) | (103) | (103) | (103) | 17 | 17 | 17 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 05/15/2032 | 05/15/2032 |  | 40779 | 40779 | (41) | (366) | (407) | (407) | (407) | 73 | 73 | 73 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | Annual | 03/03/2035 | 03/03/2035 |  | 850 | 850 | (3) | (4) | (7) | (7) | (7) | 2 | 2 | 2 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | Annual | 03/11/2035 | 03/11/2035 |  | 700 | 700 | (2) | (4) | (6) | (6) | (6) | 2 | 2 | 2 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | Annual | 03/12/2035 | 03/12/2035 |  | 800 | 800 | (2) | (6) | (8) | (8) | (8) | 2 | 2 | 2 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | Annual | 09/17/2035 | 09/17/2035 |  | 5100 | 5100 | (15) | 117 | 102 | 102 | 102 | 12 | 12 | 12 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | Annual | 12/15/2051 | 12/15/2051 |  | 9100 | 9100 | (386) | 3944 | 3558 | 3558 | 3558 | 23 | 23 | 23 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | Annual | 10/23/2053 | 10/23/2053 |  | 9100 | 9100 | (155) | 3863 | 3708 | 3708 | 3708 | 23 | 23 | 23 | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.750 | Semi-Annual | Semi-Annual | 12/20/2033 | 12/20/2033 | AUD | 14000 | 14000 | (133) | 81 | (52) | (52) | (52) | 0 | 0 | 0 | (7) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 | 03/18/2056 | EUR | 2570 | 2570 | (39) | 192 | 153 | 153 | 153 | 9 | 9 | 9 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.750 | Lunar | Lunar | 04/01/2030 | 04/01/2030 | MXN | 8000 | 8000 | 0 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.775 | Lunar | Lunar | 04/01/2030 | 04/01/2030 |  | 11100 | 11100 | 0 | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.582 | Lunar | Lunar | 04/02/2030 | 04/02/2030 |  | 8400 | 8400 | 0 | (1) | (1) | (1) | (1) | 1 | 1 | 1 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.910 | Lunar | Lunar | 03/29/2032 | 03/29/2032 |  | 1100 | 1100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.100 | Lunar | Lunar | 03/26/2035 | 03/26/2035 |  | 900 | 900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2034 | 06/01/2034 | CAD | 1000 | 1000 | 2 | 1 | 3 | 3 | 3 | 1 | 1 | 1 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **7765** | **6918** | **6918** | **$** | **210** | **210** | **$** | **(7)** |
| **(h)** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $13,831 and cash of $3,505 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset |  | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $ | $530 | 530 | 530 | 530 | 82334 | 82334 | 0 | 0 | 0 | 0 | $ | (4) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | AUD | AUD | 128 | 128 | 128 | 128 | 85 | 85 | 0 | 0 | 0 | 0 |  | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | INR | 913 | 913 | 913 | 913 | 10 | 10 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | KRW | 218128 | 218128 | 218128 | 218128 | 150 | 150 | 0 | 0 | 0 | 0 |  | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | PLN | 1528 | 1528 | 1528 | 1528 | 417 | 417 | 0 | 0 | 0 | 0 |  | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | THB | 2922 | 2922 | 2922 | 2922 | 90 | 90 | 0 | 0 | 0 | 0 |  | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | TWD | 11421 | 11421 | 11421 | 11421 | 375 | 375 | 11 | 11 | 11 | 11 |  | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | $302 | 1102 | 5 | 0 |
|  | 01/2026  | 48 | 1506 | 0 | 0 |
|  | 01/2026  | 180 | 3001 | 1 | 0 |
|  | 02/2026  | 736 | $231 | 0 | 0 |
|  | 03/2026  | 1043 | 309 | 0 | 0 |
|  | 04/2026  | $65 | 1197 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 2546 | $1662 | 0 | (37) |
|  | 01/2026  | 87 | 111 | 1 | 0 |
|  | 01/2026  | 6063 | 860 | 0 | (10) |
|  | 01/2026  | 210 | 284 | 1 | 0 |
|  | 01/2026  | 1937 | 598 | 0 | (10) |
|  | 01/2026  | 20735 | 230 | 0 | (1) |
|  | 01/2026  | 69100 | 447 | 6 | 0 |
|  | 01/2026  | 761 | 432 | 0 | (6) |
|  | 01/2026  | 2352 | 643 | 0 | (12) |
|  | 01/2026  | 38804 | 1277 | 41 | 0 |
|  | 01/2026  | $985 | 6902 | 4 | 0 |
|  | 01/2026  | 100 | 9034 | 0 | 0 |
|  | 01/2026  | 518 | 1871 | 3 | 0 |
|  | 01/2026  | 1749 | 54920 | 3 | (4) |
|  | 01/2026  | 393 | 6553 | 2 | 0 |
|  | 01/2026  | 2692 | $161 | 0 | (1) |
|  | 02/2026  | $225 | 20245 | 0 | 0 |
|  | 02/2026  | 583 | 18284 | 0 | (1) |
|  | 03/2026  | 7318 | $236 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 329 | 382 | 0 | (5) |
|  | 01/2026  | 323 | 101 | 0 | (1) |
|  | 01/2026  | $2624 | 2007 | 81 | 0 |
|  | 01/2026  | 584 | 1010 | 0 | (2) |
|  | 01/2026  | 191 | 697 | 3 | 0 |
|  | 01/2026  | 50 | 2257 | 2 | 0 |
|  | 01/2026  | 7972 | $460 | 0 | (20) |
|  | 02/2026  | 323 | 100 | 0 | (1) |
|  | 02/2026  | 75 | 2 | 0 | 0 |
|  | 03/2026  | $556 | 10291 | 12 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 196294 | $1261 | 7 | 0 |
|  | 01/2026  | 5176 | 1508 | 0 | (31) |
|  | 05/2026  | 12203 | 3577 | 0 | (34) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 2227 | 1478 | 0 | (8) |
|  | 01/2026  | 2072 | 2410 | 0 | (26) |
|  | 01/2026  | 433 | 250 | 1 | 0 |
|  | 01/2026  | 969 | 285 | 0 | (3) |
|  | 01/2026  | 56605 | 1862 | 60 | 0 |
|  | 01/2026  | $640 | 4470 | 1 | 0 |
|  | 01/2026  | 3930 | 351114 | 3 | (35) |
|  | 01/2026  | 1740 | 3007 | 0 | (9) |
|  | 01/2026  | 70 | 251 | 0 | 0 |
|  | 01/2026  | 5 | 164 | 0 | 0 |
|  | 01/2026  | 477 | 14913 | 0 | (3) |
|  | 02/2026  | 577 | $182 | 0 | 0 |
|  | 02/2026  | 1853 | 549 | 0 | (1) |
|  | 02/2026  | $14 | 445 | 0 | 0 |
|  | 03/2026  | 7953 | $256 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 541 | 168 | 0 | (2) |
|  | 01/2026  | 854345 | 584 | 0 | (9) |
|  | 01/2026  | 347 | 201 | 1 | 0 |
|  | 01/2026  | $310 | 989 | 1 | 0 |
|  | 01/2026  | 1201 | 106911 | 0 | (14) |
|  | 01/2026  | 596 | 875879 | 11 | 0 |
|  | 01/2026  | 160 | 2686 | 2 | 0 |
|  | 01/2026  | 14206 | $815 | 0 | (41) |
|  | 02/2026  | 989 | 310 | 0 | (1) |
|  | 02/2026  | $19 | 601 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 3611 | $2345 | 0 | (65) |
|  | 01/2026  | 97 | 121 | 0 | (2) |
|  | 01/2026  | 3022 | 429 | 0 | (4) |
|  | 01/2026  | 879 | 504 | 0 | (3) |
|  | 01/2026  | 966 | 284 | 0 | (3) |
|  | 01/2026  | 736 | 200 | 0 | (5) |
|  | 01/2026  | $164 | 526 | 1 | 0 |
|  | 01/2026  | 2198 | 40770 | 61 | 0 |
|  | 01/2026  | 288 | 971 | 1 | 0 |
|  | 01/2026  | 1034 | 3768 | 15 | 0 |
|  | 01/2026  | 257 | 4308 | 3 | 0 |
|  | 01/2026  | 9851 | $573 | 0 | (21) |
|  | 02/2026  | 526 | 164 | 0 | (1) |
|  | 06/2026  | 976 | $288 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 642 | 801 | 0 | (10) |
|  | 01/2026  | 178 | 55 | 0 | (1) |
|  | 01/2026  | $471 | 3321 | 5 | 0 |
|  | 01/2026  | 1065 | 3891 | 19 | 0 |
|  | 01/2026  | 100 | 3188 | 1 | 0 |
|  | 01/2026  | 7325 | $425 | 0 | (17) |
|  | 02/2026  | $1006 | 5543 | 0 | (2) |
|  | 02/2026  | 2393 | 109120 | 65 | 0 |
|  | 03/2026  | 143 | $26 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 03/2026  | 03/2026  | $4745 | 4745 | BRL | 26293 | 26293 | 26293 |  | 0 | 0 |  | (10) |
|  |  | 03/2026  | 03/2026  | 263 | 263 | MXN | 4879 | 4879 | 4879 |  | 7 | 7 |  | 0 |
|  |  | 04/2026  | 04/2026  | 551 | 551 |  | 10167 | 10167 | 10167 |  | 8 | 8 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 01/2026  | 12581 | 12581 | $ | 1786 | 1786 | 1786 |  | 0 | 0 |  | (19) |
|  |  | 01/2026  | 01/2026  | 2726 | 2726 |  | 835 | 835 | 835 |  | 0 | 0 |  | (21) |
|  |  | 01/2026  | 01/2026  | 20334 | 20334 |  | 228 | 228 | 228 |  | 3 | 3 |  | 0 |
|  |  | 01/2026  | 01/2026  | 1201 | 1201 |  | 117 | 117 | 117 |  | 0 | 0 |  | (2) |
|  |  | 01/2026  | 01/2026  | 604 | 604 |  | 350 | 350 | 350 |  | 3 | 3 |  | 0 |
|  |  | 01/2026  | 01/2026  | 2680 | 2680 |  | 731 | 731 | 731 |  | 0 | 0 |  | (16) |
|  |  | 01/2026  | 01/2026  | $581 | 581 | CNH | 4080 | 4080 | 4080 |  | 5 | 5 |  | 0 |
|  |  | 01/2026  | 01/2026  | 487 | 487 | INR | 43408 | 43408 | 43408 |  | 0 | 0 |  | (6) |
|  |  | 01/2026  | 01/2026  | 704 | 704 | KRW | 1010153 | 1010153 | 1010153 |  | 0 | 0 |  | (3) |
|  |  | 01/2026  | 01/2026  | 668 | 668 | PLN | 2467 | 2467 | 2467 |  | 19 | 19 |  | 0 |
|  |  | 01/2026  | 01/2026  | 2685 | 2685 | $ | 156 | 156 | 156 |  | 0 | 0 |  | (5) |
|  |  | 02/2026  | 02/2026  | 1008827 | 1008827 |  | 704 | 704 | 704 |  | 4 | 4 |  | 0 |
|  |  | 02/2026  | 02/2026  | $596 | 596 | MXN | 11047 | 11047 | 11047 |  | 15 | 15 |  | 0 |
|  |  | 02/2026  | 02/2026  | 0 | 0 | TRY | 4 | 4 | 4 |  | 0 | 0 |  | 0 |
|  |  | 03/2026  | 03/2026  | 362 | 362 | MXN | 6641 | 6641 | 6641 |  | 4 | 4 |  | 0 |
|  |  | 04/2026  | 04/2026  | 206 | 206 |  | 3804 | 3804 | 3804 |  | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 416 | 416 | $ | 274 | 274 | 274 |  | 0 | 0 |  | (4) |
|  |  | 01/2026  | 01/2026  | 6137 | 6137 |  | 4361 | 4361 | 4361 |  | 0 | 0 |  | (113) |
|  |  | 01/2026  | 01/2026  | 127 | 127 |  | 160 | 160 | 160 |  | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 3254 | 3254 |  | 3802 | 3802 | 3802 |  | 0 | 0 |  | (23) |
|  |  | 01/2026  | 01/2026  | 171 | 171 |  | 230 | 230 | 230 |  | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 100349 | 100349 |  | 646 | 646 | 646 |  | 5 | 5 |  | 0 |
|  |  | 01/2026  | 01/2026  | 414 | 414 |  | 239 | 239 | 239 |  | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 6159 | 6159 |  | 4747 | 4747 | 4747 |  | 0 | 0 |  | (48) |
|  |  | 01/2026  | 01/2026  | 38794 | 38794 |  | 1280 | 1280 | 1280 |  | 45 | 45 |  | 0 |
|  |  | 01/2026  | 01/2026  | $73 | 73 | INR | 6574 | 6574 | 6574 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 185 | 185 | PLN | 679 | 679 | 679 |  | 4 | 4 |  | 0 |
|  |  | 01/2026  | 01/2026  | 11 | 11 | THB | 362 | 362 | 362 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 74 | 74 | TWD | 2323 | 2323 | 2323 |  | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 141 | 141 | $ | 8 | 8 | 8 |  | 0 | 0 |  | 0 |
|  |  | 03/2026  | 03/2026  | $151 | 151 | MXN | 2778 | 2778 | 2778 |  | 2 | 2 |  | 0 |
|  |  | 04/2026  | 04/2026  | 165 | 165 |  | 3038 | 3038 | 3038 |  | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 3 | 3 | JPY | 455 | 455 | 455 |  | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 1160 | 1160 | $ | 360 | 360 | 360 |  | 0 | 0 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | 1400506 | 1400506 |  | 957 | 957 | 957 |  | 0 | 0 |  | (14) |
|  |  | 01/2026  | 01/2026  | $400 | 400 | KRW | 587511 | 587511 | 587511 |  | 7 | 7 |  | 0 |
|  |  | 02/2026  | 02/2026  | 2506 | 2506 | TRY | 113860 | 113860 | 113860 |  | 71 | 71 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 6026 | 6026 | $ | 855 | 855 | 855 |  | 0 | 0 |  | (9) |
|  |  | 01/2026  | 01/2026  | 2729 | 2729 |  | 30 | 30 | 30 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 173770 | 173770 |  | 1117 | 1117 | 1117 |  | 7 | 7 |  | 0 |
|  |  | 01/2026  | 01/2026  | 12383 | 12383 |  | 406 | 406 | 406 |  | 12 | 12 |  | 0 |
|  |  | 01/2026  | 01/2026  | $69 | 69 | INR | 6229 | 6229 | 6229 |  | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 652 | 652 | MXN | 12096 | 12096 | 12096 |  | 16 | 16 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 505 | 505 | $ | 630 | 630 | 630 |  | 0 | 0 |  | (8) |
|  |  | 01/2026  | 01/2026  | $964 | 964 | PLN | 3509 | 3509 | 3509 |  | 13 | 13 |  | 0 |
|  |  | 01/2026  | 01/2026  | 13916 | 13916 | $ | 800 | 800 | 800 |  | 0 | 0 |  | (39) |
|  |  | 02/2026  | 02/2026  | $148 | 148 | MXN | 2742 | 2742 | 2742 |  | 4 | 4 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**702** | **702** | **$** | $**(825)** | **(825)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) |  | Market<br>Value |
| BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.622% | 3.622% | 3.622% | 01/29/2026 | 1700 | 1700 | 1700 | (3) | $ | $(2) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.882 | 3.882 | 3.882 | 01/29/2026 | 1700 | 1700 | 1700 | (4) |  | (5) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.580 | 3.580 | 3.580 | 01/05/2026 | 1600 | 1600 | 1600 | (4) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.860 | 3.860 | 3.860 | 01/05/2026 | 1600 | 1600 | 1600 | (4) |  | 0 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.548 | 3.548 | 3.548 | 01/02/2026 | 700 | 700 | 700 | (2) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.848 | 3.848 | 3.848 | 01/02/2026 | 700 | 700 | 700 | (2) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.578 | 3.578 | 3.578 | 01/12/2026 | 1700 | 1700 | 1700 | (4) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.878 | 3.878 | 3.878 | 01/12/2026 | 1700 | 1700 | 1700 | (4) |  | (2) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.625 | 3.625 | 3.625 | 01/08/2026 | 600 | 600 | 600 | (1) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.925 | 3.925 | 3.925 | 01/08/2026 | 600 | 600 | 600 | (1) |  | 0 |
| NGF | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.498 | 3.498 | 3.498 | 01/05/2026 | 3700 | 3700 | 3700 | (8) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.798 | 3.798 | 3.798 | 01/05/2026 | 3700 | 3700 | 3700 | (8) |  | (6) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.639 | 3.639 | 3.639 | 01/12/2026 | 2500 | 2500 | 2500 | (6) |  | (1) |

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<br> Schedule of Investments PIMCO Extended Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 2500 | 2500 | (6) | (6) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(57)** | **(57)** | $**(17)** |
| Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Industrials | Industrials | Industrials | $0 | 0 | 0 | $5033 | 5033 | $0 | 0 | $5033 | 5033 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 95897 | 95897 | 0 | 0 | 95897 | 95897 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 853817 | 853817 | 0 | 0 | 853817 | 853817 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 11456 | 11456 | 0 | 0 | 11456 | 11456 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 1469 | 1469 | 0 | 0 | 1469 | 1469 |
| CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 3820 | 3820 | 0 | 0 | 3820 | 3820 |
| Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 5433 | 5433 | 0 | 0 | 5433 | 5433 |
| Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 23496 | 23496 | 0 | 0 | 23496 | 23496 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 22632 | 22632 | 0 | 0 | 22632 | 22632 |
|  |  |  | $0 | 0 | 0 | $1023053 | 1023053 | $0 | 0 | $1023053 | 1023053 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $6196 | 6196 | 6196 | $0 | 0 | $0 | 0 | $6196 | 6196 |
| Total Investments | Total Investments | Total Investments | $6196 | 6196 | 6196 | $1023053 | 1023053 | $0 | 0 | $1029249 | 1029249 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 55 | 55 | 55 | 1105 | 1105 | 0 | 0 | 1160 | 1160 |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 702 | 702 | 0 | 0 | 702 | 702 |
|  |  |  | $55 | 55 | 55 | $1807 | 1807 | $0 | 0 | $1862 | 1862 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (11) | (11) | (11) | (305) | (305) | 0 | 0 | (316) | (316) |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (842) | (842) | 0 | 0 | (842) | (842) |
|  |  |  | $(11) | (11) | (11) | $(1147) | (1147) | $0 | 0 | $(1158) | (1158) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $44 | 44 | 44 | $660 | 660 | $0 | 0 | $704 | 704 |
| Totals | Totals | Totals | $6240 | 6240 | 6240 | $1023713 | 1023713 | $0 | 0 | $1029953 | 1029953 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 137.4% ¤** |  |  |
| **ARGENTINA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $34 | $22 |
| 4.125% due 07/09/2035 þ  | 29 | 21 |
| Total Argentina (Cost $37) |  | 43 |
| **AUSTRALIA 3.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Commonwealth Bank of Australia** <br>4.971% due 01/22/2030 | $1200 | 1247 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.0%**  |  |  |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 2700 | 1802 |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 900 | 466 |
| 2.000% due 03/08/2033  | 400 | 220 |
| 4.750% due 09/20/2035  | 500 | 320 |
| **Queensland Treasury Corp.**  |  |  |
| 1.500% due 08/20/2032  | 500 | 269 |
| 1.750% due 07/20/2034  | 300 | 153 |
| 2.000% due 08/22/2033  | 800 | 430 |
| 5.250% due 07/21/2036  | 1000 | 657 |
| **Treasury Corp. of Victoria** <br>2.000% due 09/17/2035 | 1000 | 497 |
|  |  | 3012 |
| Total Australia (Cost $5,877) |  | 6061 |
| **BULGARIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.375% due 07/18/2035  | 300 | 347 |
| 4.125% due 07/18/2045  | 200 | 226 |
| Total Bulgaria (Cost $567) |  | 573 |
| **CANADA 3.2%**  |  |  |
| **CORPORATE BONDS & NOTES 1.6%**  |  |  |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | $128 | 123 |
| **Bank of Nova Scotia** <br>0.010% due 09/14/2029 | 300 | 320 |
| **Canadian Imperial Bank of Commerce** <br>4.876% due 01/14/2030 | $900 | 932 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 300 | 351 |
| **Royal Bank of Canada**  |  |  |
| 4.305% due 11/03/2031 •  | $400 | 398 |
| 4.851% due 12/14/2026  | 800 | 808 |
|  |  | 2932 |
| **SOVEREIGN ISSUES 1.6%**  |  |  |
| **Canada Government Bonds** <br>3.000% due 06/01/2034 | 2900 | 2065 |
| **Canada Government Real Return Bonds** <br>3.000% due 12/01/2036 (e) | 642 | 535 |

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| **Export Development Canada** <br>7.130% due 03/11/2029 | 22900 | 257 |
|  |  | 2857 |
| Total Canada (Cost $5,851) |  | 5789 |
| **CAYMAN ISLANDS 2.7%**  |  |  |
| **ASSET-BACKED SECURITIES 2.5%**  |  |  |
| **37 Capital CLO 4 Ltd.** <br>4.995% due 04/15/2035 •  | $600 | 600 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 500 | 500 |
| **BDS Ltd.** <br>5.199% due 12/16/2036 •  | 255 | 255 |
| **BlueMountain CLO Ltd.** <br>5.048% due 10/25/2030 •  | 275 | 275 |
| **CIFC Funding Ltd.** <br>5.077% due 10/24/2030 •  | 125 | 125 |
| **GPMT Ltd.** <br>5.198% due 12/15/2036 •  | 523 | 524 |
| **LCM 30 Ltd.** <br>5.226% due 04/20/2031 •  | 257 | 257 |
| **Madison Park Funding XXXIX Ltd.** <br>5.107% due 10/22/2034 •  | 700 | 701 |
| **Starwood Ltd.** <br>5.049% due 04/18/2038 •  | 335 | 335 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 474 | 473 |
| **Wellfleet CLO Ltd.** <br>5.064% due 04/20/2034 •  | 500 | 501 |
|  |  | 4546 |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 98 | 95 |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 | 300 | 306 |
|  |  | 401 |
| Total Cayman Islands (Cost $4,941) |  | 4947 |
| **CHILE 1.8%**  |  |  |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 1045000 | 1140 |
| 5.800% due 10/01/2029  | 1555000 | 1772 |
| **Chile Government International Bonds** <br>4.850% due 01/22/2029 | $300 | 307 |
| Total Chile (Cost $3,347) |  | 3219 |
| **CHINA 2.5%**  |  |  |
| **SOVEREIGN ISSUES 2.5%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 7710 | 1155 |
| 2.820% due 05/22/2033  | 6000 | 910 |
| **China Government Bonds**  |  |  |
| 1.650% due 05/15/2035  | 2900 | 408 |
| 1.920% due 01/15/2055  | 4900 | 647 |
| 2.190% due 09/25/2054  | 7400 | 1021 |
| **China Government International Bonds**  |  |  |
| 3.625% due 11/13/2028  | $200 | 202 |
| 3.750% due 11/13/2030  | 200 | 202 |
| Total China (Cost $4,608) |  | 4545 |
| **COLOMBIA 3.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Ecopetrol SA** <br>8.375% due 01/19/2036 | $500 | 515 |
| **SOVEREIGN ISSUES 2.7%**  |  |  |
| **Bogota Distrito Capital** <br>13.140% due 11/05/2035 | 667000 | 177 |
| **Colombia Government International Bonds** <br>5.750% due 11/26/2034 | 600 | 684 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| **Colombia TES**  |  |  |
| 1.000% due 01/24/2035  | 9294700 | 2289 |
| 6.500% due 01/22/2031 (e)  | 1350248 | 356 |
| 11.000% due 08/22/2029  | 2610200 | 653 |
| 11.500% due 07/25/2046  | 551700 | 130 |
| 11.750% due 01/24/2035  | 2025300 | 499 |
| 12.750% due 11/28/2040  | 371500 | 97 |
|  |  | 4885 |
| Total Colombia (Cost $5,431) |  | 5400 |
| **COSTA RICA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 500 | 602 |
| Total Costa Rica (Cost $582) |  | 602 |
| **CZECH REPUBLIC 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Czech Republic Government Bonds**  |  |  |
| 0.950% due 05/15/2030  | 5600 | 240 |
| 2.500% due 08/25/2028  | 900 | 43 |
| Total Czech Republic (Cost $258) |  | 283 |
| **DENMARK 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Jyske Realkredit AS**  |  |  |
| 1.000% due 10/01/2050  | 47 | 5 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 2139 | 274 |
| **Nykredit Realkredit AS**  |  |  |
| 1.500% due 10/01/2053  | 622 | 79 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 4453 | 564 |
| Total Denmark (Cost $1,104) |  | 922 |
| **DOMINICAN REPUBLIC 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Dominican Republic International Bonds**  |  |  |
| 4.875% due 09/23/2032  | $200 | 193 |
| 6.600% due 06/01/2036  | 700 | 739 |
| Total Dominican Republic (Cost $892) |  | 932 |
| **FRANCE 5.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **BPCE SA** <br>5.716% due 01/18/2030 •  | $375 | 388 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 700 | 739 |
|  |  | 1127 |
| **SOVEREIGN ISSUES 4.6%**  |  |  |
| **French Republic Government Bonds OAT**  |  |  |
| 0.100% due 07/25/2031 (e)  | 615 | 684 |
| 0.750% due 02/25/2028  | 1800 | 2047 |
| 2.750% due 10/25/2027  | 700 | 830 |
| 2.750% due 02/25/2030  | 3810 | 4489 |
| 3.000% due 06/25/2049  | 200 | 191 |
|  |  | 8241 |
| Total France (Cost $8,513) |  | 9368 |
| **GUATEMALA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Guatemala Government Bonds** <br>6.250% due 08/15/2036 | $500 | 524 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| Total Guatemala (Cost $496) |  | 524 |
| **HUNGARY 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Hungary Government International Bonds**  |  |  |
| 5.375% due 09/12/2033  | 400 | 503 |
| 5.500% due 03/26/2036  | $200 | 200 |
| 6.000% due 09/26/2035  | 400 | 417 |
| **Magyar Export-Import Bank Zrt** <br>6.125% due 12/04/2027 | 700 | 720 |
| Total Hungary (Cost $1,699) |  | 1840 |
| **INDIA 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **IRB Infrastructure Developers Ltd.** <br>7.110% due 03/11/2032 | $300 | 310 |
| Total India (Cost $300) |  | 310 |
| **INDONESIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Indonesia Treasury Bonds** <br>8.375% due 03/15/2034 | 9105000 | 627 |
| Total Indonesia (Cost $634) |  | 627 |
| **IRELAND 2.9%**  |  |  |
| **ASSET-BACKED SECURITIES 2.3%**  |  |  |
| **Arcano Euro CLO II DAC** <br>0.000% due 07/25/2039 •  | 500 | 588 |
| **BlackRock European CLO III DAC** <br>2.884% due 07/19/2035 •  | 500 | 587 |
| **Cairn CLO X DAC** <br>2.789% due 10/15/2031 •  | 198 | 233 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 700 | 823 |
| **Dryden 27 R Euro CLO DAC** <br>2.686% due 04/15/2033 •  | 137 | 161 |
| **Jubilee CLO DAC** <br>2.659% due 04/15/2031 •  | 206 | 242 |
| **Man GLG Euro CLO V DAC** <br>2.790% due 12/15/2031 •  | 49 | 58 |
| **Palmer Square European Loan Funding DAC** <br>3.034% due 05/15/2033 •  | 302 | 354 |
| **Rockford Tower Europe CLO DAC** <br>3.326% due 08/29/2036 •  | 500 | 588 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 400 | 471 |
|  |  | 4105 |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust**  |  |  |
| 2.450% due 10/29/2026  | $300 | 296 |
| 3.000% due 10/29/2028  | 300 | 291 |
|  |  | 587 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 500 | 589 |
| Total Ireland (Cost $5,165) |  | 5281 |
| **ISRAEL 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 03/12/2029  | $400 | 412 |
| 5.500% due 03/12/2034  | 200 | 207 |
| 5.625% due 02/19/2035  | 700 | 732 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| Total Israel (Cost $1,293) |  | 1351 |
| **ITALY 2.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Banca Monte dei Paschi di Siena SpA** <br>0.875% due 10/08/2027 | 600 | 698 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | $200 | 229 |
|  |  | 927 |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.750% due 05/05/2026 | 400 | 402 |
| **Italy Buoni Poliennali Del Tesoro** <br>2.100% due 08/26/2027 | 2600 | 3052 |
|  |  | 3454 |
| Total Italy (Cost $4,370) |  | 4381 |
| **IVORY COAST 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Ivory Coast Government International Bonds** <br>5.875% due 10/17/2031 | 300 | 355 |
| Total Ivory Coast (Cost $292) |  | 355 |
| **JAPAN 6.5%**  |  |  |
| **CORPORATE BONDS & NOTES 1.9%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 2.494% due 10/13/2032 •  | $1100 | 986 |
| 5.159% due 04/24/2031 •  | 800 | 825 |
| **Olympus Corp.** <br>2.143% due 12/08/2026 | 200 | 196 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.454% due 01/15/2032 | 1000 | 1047 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>4.350% due 09/11/2030 | 300 | 302 |
|  |  | 3356 |
| **SOVEREIGN ISSUES 4.6%**  |  |  |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.100% due 03/10/2028 (e)  | 260089 | 1689 |
| 0.100% due 03/10/2029 (e)  | 473726 | 3074 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 60000 | 371 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.700% due 12/20/2048  | 5000 | 19 |
| 0.700% due 12/20/2050  | 40000 | 143 |
| 0.700% due 03/20/2051  | 40000 | 141 |
| 0.700% due 06/20/2051  | 168000 | 588 |
| 2.200% due 06/20/2054  | 2700 | 14 |
| 2.300% due 12/20/2054  | 3800 | 20 |
| 3.200% due 09/20/2055  | 20000 | 124 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 06/20/2040  | 250000 | 1183 |
| 2.400% due 03/20/2045  | 142000 | 839 |
|  |  | 8205 |
| Total Japan (Cost $13,530) |  | 11561 |
| **KAZAKHSTAN 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **KazMunayGas National Co. JSC** <br>3.500% due 04/14/2033 | $550 | 497 |
| Total Kazakhstan (Cost $458) |  | 497 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $400 | 401 |
| 4.136% due 10/09/2030  | 200 | 201 |
| 4.652% due 10/09/2035  | 300 | 300 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| Total Kuwait (Cost $900) |  | 902 |
|  | SHARES |  |
| **LUXEMBOURG 1.6%**  |  |  |
| **COMMON STOCKS 0.6%**  |  |  |
| **Drillco Holdings Luxembourg SA «(g)** | 35766 | 807 |
| **Foresea Holdings SA «** | 14931 | 337 |
|  |  | 1144 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Chile Electricity Lux MPC SARL** <br>6.010% due 01/20/2033 | $313 | 330 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 632 | 624 |
|  |  | 954 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 800 | 816 |
| Total Luxembourg (Cost $2,257) |  | 2914 |
| **MALAYSIA 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 2.480% due 01/28/2032  | $200 | 180 |
| 4.550% due 04/21/2050  | 200 | 176 |
|  |  | 356 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Malaysia Government Bonds**  |  |  |
| 2.632% due 04/15/2031  | 1400 | 334 |
| 3.519% due 04/20/2028  | 3431 | 856 |
|  |  | 1190 |
| Total Malaysia (Cost $1,435) |  | 1546 |
| **MEXICO 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Mexico Government International Bonds**  |  |  |
| 5.750% due 10/12/2110  | $200 | 169 |
| 5.850% due 07/02/2032  | 500 | 514 |
| 6.625% due 01/29/2038  | 300 | 314 |
| Total Mexico (Cost $1,009) |  | 997 |
| **NETHERLANDS 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **ABN AMRO Bank NV** <br>5.515% due 12/03/2035 •  | $400 | 413 |
| **ING Groep NV** <br>5.525% due 03/25/2036 •  | 200 | 208 |
| **Prosus NV** <br>1.207% due 01/19/2026 | 200 | 235 |
|  |  | 856 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.0%**  |  |  |
| **EMF-NL Prime BV** <br>2.816% due 04/17/2041 •  | 24 | 28 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| Total Netherlands (Cost $859) |  | 884 |
| **NEW ZEALAND 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **New Zealand Government Bonds** <br>1.500% due 05/15/2031 | 400 | 204 |
| Total New Zealand (Cost $274) |  | 204 |
| **NORWAY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Kommunalbanken AS** <br>1.900% due 01/19/2027 | 400 | 260 |
| Total Norway (Cost $291) |  | 260 |
| **PERU 2.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Credicorp Capital Sociedad Titulizadora SA** <br>10.100% due 12/15/2043 | 2900 | 938 |
| **SOVEREIGN ISSUES 1.6%**  |  |  |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 4000 | 1358 |
| **Peru Government International Bonds**  |  |  |
| 5.375% due 02/08/2035  | $400 | 409 |
| 5.875% due 08/08/2054  | 350 | 348 |
| 6.900% due 08/12/2037  | 2600 | 810 |
|  |  | 2925 |
| Total Peru (Cost $3,363) |  | 3863 |
| **PHILIPPINES 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Philippines Government International Bonds** <br>6.250% due 01/14/2036 | 20000 | 338 |
| Total Philippines (Cost $483) |  | 338 |
| **POLAND 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.875% due 02/12/2030  | $200 | 206 |
| 4.875% due 10/04/2033  | 300 | 306 |
| 5.375% due 02/12/2035  | 200 | 208 |
| Total Poland (Cost $696) |  | 720 |
| **QATAR 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **QatarEnergy** <br>2.250% due 07/12/2031 | $200 | 180 |
| Total Qatar (Cost $199) |  | 180 |
| **REPUBLIC OF KOREA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Korea Housing Finance Corp.** <br>2.765% due 09/02/2030 | 300 | 351 |
| Total Republic of Korea (Cost $349) |  | 351 |
| **ROMANIA 1.3%**  |  |  |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 200 | 213 |
| 2.000% due 04/14/2033  | 450 | 430 |
| 5.125% due 09/24/2031  | 500 | 602 |
| 5.250% due 03/10/2030  | 600 | 738 |
| 6.250% due 09/10/2034  | 200 | 246 |
| 6.375% due 09/18/2033  | 100 | 126 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| Total Romania (Cost $2,181) |  | 2355 |
| **SAUDI ARABIA 2.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 3.500% due 04/16/2029  | $450 | 440 |
| 6.375% due 06/02/2055  | 200 | 209 |
|  |  | 649 |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.250% due 10/22/2030  | 200 | 191 |
| 3.375% due 03/05/2032  | 300 | 355 |
| 3.750% due 03/05/2037  | 300 | 347 |
| 5.000% due 01/16/2034  | $1800 | 1844 |
| 5.375% due 01/13/2031  | 400 | 420 |
|  |  | 3157 |
| Total Saudi Arabia (Cost $3,654) |  | 3806 |
| **SENEGAL 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Senegal Government International Bonds** <br>4.750% due 03/13/2028 | 700 | 572 |
| Total Senegal (Cost $735) |  | 572 |
| **SERBIA 1.4%**  |  |  |
| **SOVEREIGN ISSUES 1.4%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 1.650% due 03/03/2033  | 600 | 590 |
| 3.125% due 05/15/2027  | 1400 | 1639 |
| 6.000% due 06/12/2034  | $300 | 311 |
| Total Serbia (Cost $2,363) |  | 2540 |
| **SINGAPORE 0.6%**  |  |  |
| **ASSET-BACKED SECURITIES 0.6%**  |  |  |
| **Bayfront Iabs VII Pte. Ltd.** <br>0.000% due 04/11/2048 «•  | $1000 | 1000 |
| Total Singapore (Cost $1,000) |  | 1000 |
| **SOUTH AFRICA 2.3%**  |  |  |
| **SOVEREIGN ISSUES 2.3%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 500 | 26 |
| 8.000% due 01/31/2030  | 33400 | 2062 |
| 8.875% due 02/28/2035  | 28400 | 1790 |
| **Republic of South Africa Government International Bonds** <br>5.375% due 07/24/2044 | $200 | 171 |
| Total South Africa (Cost $3,562) |  | 4049 |
| **SOUTH KOREA 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Korea Treasury Bonds**  |  |  |
| 1.375% due 06/10/2030  | 355110 | 227 |
| 2.625% due 06/10/2028  | 1708930 | 1177 |
| Total South Korea (Cost $1,472) |  | 1404 |
| **SPAIN 1.5%**  |  |  |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **Autonomous Community of Catalonia** <br>4.220% due 04/26/2035 | 200 | 242 |
| **Spain Government Bonds**  |  |  |
| 0.000% due 01/31/2028  | 950 | 1068 |
| 3.200% due 10/31/2035  | 100 | 116 |
| 3.450% due 10/31/2034  | 1090 | 1307 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| Total Spain (Cost $2,625) |  | 2733 |
| **SUPRANATIONAL 1.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Asian Development Bank** <br>6.150% due 02/25/2030 | 86850 | 947 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **European Union** <br>3.750% due 10/12/2045 | 950 | 1102 |
| Total Supranational (Cost $2,266) |  | 2049 |
| **SWITZERLAND 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **UBS Group AG**  |  |  |
| 3.869% due 01/12/2029 •  | $500 | 497 |
| 4.844% due 11/06/2033 •  | 400 | 401 |
| Total Switzerland (Cost $917) |  | 898 |
| **THAILAND 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 2.410% due 03/17/2035  | 6300 | 214 |
| 2.500% due 11/17/2029  | 13900 | 462 |
| Total Thailand (Cost $600) |  | 676 |
| **UNITED ARAB EMIRATES 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>4.500% due 05/06/2030 | $300 | 303 |
| Total United Arab Emirates (Cost $298) |  | 303 |
| **UNITED KINGDOM 5.1%**  |  |  |
| **CORPORATE BONDS & NOTES 2.0%**  |  |  |
| **Antofagasta PLC** <br>2.375% due 10/14/2030 | $400 | 363 |
| **HSBC Holdings PLC** <br>5.887% due 08/14/2027 •  | 300 | 303 |
| **NatWest Group PLC** <br>5.778% due 03/01/2035 •  | 550 | 582 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (d) | 400 | 309 |
| **Santander U.K. Group Holdings PLC** <br>6.534% due 01/10/2029 •  | 700 | 732 |
| **Standard Chartered PLC** <br>6.187% due 07/06/2027 •  | 700 | 707 |
| **Vmed O2 U.K. Financing I PLC** <br>5.625% due 04/15/2032 | 500 | 593 |
|  |  | 3589 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.5%**  |  |  |
| **Alba PLC** <br>4.144% due 11/25/2042 •  | 84 | 112 |
| **Braccan Mortgage Funding PLC** <br>4.696% due 05/17/2067 •  | 496 | 670 |
| **Newgate Funding PLC** <br>2.700% due 12/15/2050 •  | 136 | 158 |
|  |  | 940 |
| **SOVEREIGN ISSUES 2.6%**  |  |  |
| **U.K. Gilts**  |  |  |
| 4.375% due 03/07/2030  | 3100 | 4251 |
| 5.375% due 01/31/2056  | 100 | 139 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| **U.K. Inflation-Linked Gilts** <br>0.625% due 11/22/2042 (e) | 268 | 291 |
|  |  | 4681 |
| Total United Kingdom (Cost $9,105) |  | 9210 |
| **UNITED STATES 69.9%**  |  |  |
| **ASSET-BACKED SECURITIES 2.1%**  |  |  |
| **ABFC Trust** <br>4.166% due 01/25/2037 •  | $356 | 201 |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.746% due 12/25/2034 •  | 86 | 80 |
| **Argent Securities Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 614 | 166 |
| 4.326% due 07/25/2036 •  | 767 | 207 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.646% due 09/25/2046 •  | 50 | 49 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.286% due 09/25/2037 •  | 34 | 37 |
| 4.366% due 07/25/2036 ~  | 7 | 7 |
| 4.566% due 07/25/2034 •  | 3 | 3 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.379% due 01/25/2032 •  | 5 | 5 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>4.326% due 07/25/2037 •  | 150 | 101 |
| **First Franklin Mortgage Loan Trust** <br>4.017% due 07/25/2034 •  | 9 | 9 |
| **GSAA Home Equity Trust** <br>4.746% due 08/25/2037 •  | 5 | 5 |
| **GSAMP Trust**  |  |  |
| 3.936% due 01/25/2037 •  | 122 | 75 |
| 4.386% due 04/25/2036 •  | 525 | 359 |
| **HSI Asset Securitization Corp. Trust** <br>4.286% due 12/25/2036 •  | 468 | 109 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.006% due 08/25/2036 •  | 3 | 1 |
| **Massachusetts Educational Financing Authority** <br>5.525% due 04/25/2038 •  | 8 | 8 |
| **MASTR Asset-Backed Securities Trust** <br>4.326% due 03/25/2036 •  | 439 | 262 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.066% due 08/25/2037 •  | 411 | 203 |
| 4.366% due 04/25/2037 •  | 522 | 250 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.936% due 01/25/2037 •  | 437 | 203 |
| 3.986% due 10/25/2036 •  | 490 | 216 |
| 3.986% due 11/25/2036 •  | 169 | 81 |
| 4.066% due 11/25/2036 •  | 169 | 81 |
| 4.076% due 10/25/2036 •  | 641 | 337 |
| **Renaissance Home Equity Loan Trust** <br>5.797% due 08/25/2036 þ | 478 | 163 |
| **SMB Private Education Loan Trust** <br>5.434% due 02/16/2055 •  | 339 | 342 |
| **Specialty Underwriting & Residential Finance Trust** <br>3.671% due 02/25/2037 þ | 442 | 142 |
|  |  | 3702 |
| **CORPORATE BONDS & NOTES 6.6%**  |  |  |
| **Bank of America Corp.** <br>5.511% due 01/24/2036 •  | 500 | 522 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 1700 | 1798 |
| **Boeing Co.** <br>6.388% due 05/01/2031 | 300 | 326 |
| **Bristol-Myers Squibb Co.** <br>5.100% due 02/22/2031 | 300 | 313 |
| **Citibank NA** <br>4.838% due 08/06/2029 | 100 | 102 |
| **Credit Suisse AG AT1 Claim**  | 400 | 118 |
| **CVS Pass-Through Trust** <br>7.507% due 01/10/2032 | 784 | 832 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 100 | 90 |
| **GA Global Funding Trust** <br>2.250% due 01/06/2027 | 200 | 196 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 5.016% due 10/23/2035 •  | 400 | 402 |
| 5.218% due 04/23/2031 •  | 400 | 413 |
| 5.536% due 01/28/2036 •  | 800 | 831 |
| 6.484% due 10/24/2029 •  | 100 | 106 |
| **JPMorgan Chase & Co.**  |  |  |
| 5.336% due 01/23/2035 •  | 800 | 829 |
| 6.087% due 10/23/2029 •  | 100 | 105 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| **Morgan Stanley**  |  |  |
| 2.590% (EUR003M + 0.600%) due 05/04/2029 ~  | 400 | 471 |
| 3.955% due 03/21/2035 •  | 900 | 1074 |
| 4.133% due 10/18/2029 •  | $800 | 800 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 100 | 97 |
| 4.550% due 07/01/2030  | 100 | 100 |
| **PacifiCorp** <br>5.450% due 02/15/2034 | 300 | 304 |
| **Philip Morris International, Inc.** <br>5.125% due 02/13/2031 | 300 | 311 |
| **Wells Fargo & Co.**  |  |  |
| 4.078% due 09/15/2029 •  | 380 | 380 |
| 4.892% due 09/15/2036 •  | 300 | 299 |
| 5.211% due 12/03/2035 •  | 500 | 511 |
| 5.389% due 04/24/2034 •  | 450 | 468 |
|  |  | 11798 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 167 | 172 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 5.1%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>5.307% due 01/25/2035 ~ | 5 | 5 |
| **Banc of America Funding Trust**  |  |  |
| 4.266% due 04/25/2037 •  | 40 | 34 |
| 4.268% due 04/20/2047 •  | 41 | 35 |
| 5.301% due 05/25/2035 ~  | 31 | 29 |
| 6.000% due 07/25/2037  | 126 | 109 |
| **Banc of America Mortgage Trust** <br>6.000% due 10/25/2036 | 35 | 30 |
| **Barclays Mortgage Loan Trust** <br>5.640% due 05/25/2065 ~ | 999 | 1006 |
| **BCAP LLC Trust** <br>4.266% due 05/25/2047 •  | 124 | 121 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.640% due 09/25/2035 ~  | 187 | 63 |
| 5.406% due 05/25/2035 ~  | 31 | 30 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.901% due 04/25/2034 ~  | 50 | 48 |
| 5.613% due 02/25/2034 ~  | 3 | 3 |
| 5.950% due 02/25/2036 •  | 11 | 10 |
| **BX Commercial Mortgage Trust** <br>4.594% due 10/15/2036 •  | 268 | 268 |
| **Chase Home Lending Mortgage Trust** <br>3.375% due 04/25/2065 ~ | 577 | 522 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.789% due 03/25/2037 ~  | 98 | 95 |
| 4.927% due 07/25/2037 ~  | 19 | 15 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 6.000% due 02/25/2037  | 103 | 45 |
| 6.250% due 09/25/2036  | 191 | 67 |
| **CHL Reperforming Loan Trust REMICS** <br>4.186% due 06/25/2035 •  | 46 | 45 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.442% due 05/25/2035 ~  | 14 | 13 |
| 4.603% due 04/25/2037 ~  | 84 | 75 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.184% due 06/25/2037 ~  | 87 | 72 |
| 4.268% due 07/20/2046 •  | 48 | 42 |
| 5.500% due 10/25/2035  | 12 | 7 |
| 5.500% due 02/25/2036  | 29 | 16 |
| 6.000% due 01/25/2037  | 204 | 168 |
| 6.000% due 02/25/2037  | 492 | 171 |
| 6.000% due 05/25/2037  | 421 | 170 |
| 6.250% due 12/25/2036 •  | 377 | 150 |
| 6.500% due 08/25/2037  | 307 | 128 |
| 8.000% due 10/25/2036  | 20 | 14 |
| **Cross Mortgage Trust** <br>5.509% due 07/25/2070 ~ | 659 | 665 |
| **CSMC Trust** <br>2.500% due 07/25/2056 ~ | 135 | 113 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>6.445% due 02/25/2036 þ | 140 | 129 |
| **GreenPoint Mortgage Pass-Through Certificates** <br>7.033% due 10/25/2033 ~ | 2 | 2 |
| **GS Mortgage-Backed Securities Trust** <br>2.500% due 12/25/2051 ~ | 146 | 122 |
| **GSR Mortgage Loan Trust** <br>4.994% due 05/25/2037 ~ | 10 | 5 |
| **HarborView Mortgage Loan Trust** <br>6.873% due 02/25/2036 ~ | 23 | 6 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| **Impac Secured Assets CMN Owner Trust** <br>6.187% due 07/25/2035 ~ | 35 | 33 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.068% due 06/25/2036 ~  | 115 | 102 |
| 4.326% due 07/25/2035 •  | 4 | 4 |
| 4.373% due 12/25/2034 ~  | 2 | 2 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.622% due 12/25/2036 ~  | 8 | 8 |
| 4.746% due 05/25/2037 ~  | 137 | 121 |
| **JP Morgan Mortgage Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 595 | 500 |
| 5.323% due 10/25/2035 ~  | 123 | 92 |
| 5.555% due 02/25/2035 ~  | 1 | 1 |
| **Lehman Mortgage Trust** <br>6.000% due 09/25/2037 | 54 | 53 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.266% due 02/25/2036 •  | 8 | 8 |
| 4.312% due 03/25/2036 ~  | 57 | 26 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.941% due 05/25/2036 ~  | 120 | 64 |
| 4.746% due 02/25/2036 •  | 10 | 10 |
| 5.124% due 09/25/2035 ~  | 94 | 22 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>5.443% due 07/25/2070 ~ | 580 | 586 |
| **PMT Loan Trust** <br>2.500% due 07/25/2051 ~ | 666 | 558 |
| **Prime Mortgage Trust** <br>4.346% due 02/25/2035 •  | 15 | 15 |
| **RALI Trust**  |  |  |
| 4.046% due 05/25/2037 •  | 219 | 203 |
| 4.186% due 12/25/2036 •  | 120 | 109 |
| 4.226% due 07/25/2036 •  | 156 | 147 |
| 4.246% due 11/25/2036 •  | 115 | 83 |
| 5.000% due 09/25/2036  | 32 | 25 |
| **RFMSI Trust** <br>6.000% due 06/25/2037 | 11 | 9 |
| **STARM Mortgage Loan Trust** <br>6.467% due 02/25/2037 ~ | 44 | 40 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.062% due 04/25/2036 ~  | 93 | 48 |
| 4.166% due 10/25/2035 •  | 42 | 40 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.246% due 05/25/2036 •  | 179 | 151 |
| 4.266% due 05/25/2036 •  | 16 | 11 |
| **Structured Asset Securities Corp.** <br>4.126% due 01/25/2036 •  | 119 | 100 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.136% due 10/25/2036 •  | 251 | 212 |
| **Thornburg Mortgage Securities Trust** <br>4.586% due 09/25/2034 •  | 11 | 10 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 303 | 278 |
| 2.710% due 01/25/2060 ~  | 215 | 208 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.865% due 10/25/2036 ~  | 199 | 177 |
| 4.140% due 12/25/2036 ~  | 129 | 116 |
| 4.406% due 11/25/2045 •  | 41 | 38 |
| 4.626% due 10/25/2044 •  | 34 | 33 |
| 5.429% due 08/25/2042 •  | 2 | 2 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.166% due 02/25/2037 •  | 258 | 204 |
| 5.500% due 11/25/2035  | 52 | 48 |
| 6.500% due 08/25/2035  | 36 | 34 |
|  |  | 9179 |
| **SOVEREIGN ISSUES 1.1%**  |  |  |
| **Colombia TES** <br>1.000% due 09/18/2030 | 8930600 | 1942 |
| **U.S. GOVERNMENT AGENCIES 49.3%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 6.000% due 12/01/2053 - 06/01/2054 | $1018 | 1048 |
| 6.500% due 02/01/2054 - 08/01/2055 | 5963 | 6199 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.733% due 01/15/2038 ~(a) | 169 | 9 |
| 4.673% due 01/15/2038 •  | 169 | 167 |
| 4.814% due 11/25/2054 •  | 811 | 815 |
| 5.274% due 03/25/2055 •  | 928 | 937 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 02/01/2027 - 03/01/2060 | 247 | 217 |
| 3.500% due 01/01/2059 | 533 | 487 |
| 4.000% due 01/01/2037 - 06/01/2050 | 247 | 239 |
| 4.500% due 03/01/2028 - 08/01/2041 | 78 | 79 |
| 5.000% due 08/01/2033 - 10/01/2041 | 52 | 52 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 158 | 201 |
| 5.500% due 07/01/2035 - 02/01/2041 | 50 | 52 |
| 6.000% due 06/01/2026 - 10/01/2053 | 317 | 326 |
| 6.500% due 10/01/2053 - 02/01/2055 | 1893 | 1968 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.389% due 06/25/2036 •  | 13 | 12 |
| 5.009% due 01/25/2051 •  | 343 | 344 |
| 5.034% due 03/25/2055 •  | 607 | 610 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 01/20/2052 - 12/20/2052 | 1520 | 1369 |
| 3.500% due 10/20/2052 - 04/20/2055 | 4263 | 3897 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/20/2046 - 05/20/2047 | 5 | 4 |
| 4.218% due 01/20/2068 •  | 348 | 347 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 02/01/2056 | 3700 | 3191 |
| 3.000% due 01/01/2056 | 4400 | 3954 |
| 3.500% due 02/01/2056 | 3400 | 3094 |
| 6.500% due 02/01/2056 | 4800 | 4957 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 400 | 354 |
| 3.500% due 01/01/2041 - 03/01/2056 | 868 | 803 |
| 4.000% due 02/01/2056 | 865 | 821 |
| 4.500% due 02/01/2056 | 300 | 293 |
| 5.000% due 02/01/2056 | 23800 | 23714 |
| 5.500% due 02/01/2056 | 4400 | 4458 |
| 6.000% due 02/01/2056 | 9900 | 10160 |
| 6.500% due 02/01/2056 - 03/01/2056 | 13100 | 13628 |
|  |  | 88605 |
| **U.S. TREASURY OBLIGATIONS 5.6%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 3.000% due 02/15/2048 (l) | 800 | 596 |
| 3.375% due 11/15/2048 | 980 | 776 |
| 4.875% due 08/15/2045 (l) | 38 | 38 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 2.500% due 01/15/2029  | 3261 | 3366 |
| 3.875% due 04/15/2029  | 158 | 171 |
| 0.125% due 07/15/2030 (j) | 635 | 599 |
| 0.125% due 07/15/2031  | 3402 | 3153 |
| 0.125% due 01/15/2032  | 587 | 537 |
| 0.625% due 07/15/2032  | 784 | 736 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (l) | 120 | 121 |
|  |  | 10093 |
| Total United States (Cost $128,180) |  | 125491 |
| **SHORT-TERM INSTRUMENTS 4.1%**  |  |  |
| **COMMERCIAL PAPER 1.7%**  |  |  |
| **Air Lease Corp.** <br>4.220% due 01/12/2026 | $250 | 250 |
| **Alimentation Couche-Tard, Inc.** <br>4.110% due 01/08/2026 | 250 | 250 |
| **Crown Castle, Inc.**  |  |  |
| 4.150% due 01/20/2026  | 1000 | 998 |
| 4.150% due 01/21/2026  | 300 | 299 |
| **Edison International** <br>4.550% due 01/05/2026 | 250 | 250 |
| **Enbridge U.S., Inc.** <br>4.040% due 01/07/2026 | 250 | 250 |
| **Jabil, Inc.**  |  |  |
| 4.130% due 01/12/2026  | 250 | 249 |
| 4.150% due 01/07/2026  | 250 | 250 |
| **Keurig Dr. Pepper, Inc.** <br>4.270% due 01/14/2026 | 250 | 249 |
|  |  | 3045 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.3%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (f) | 540237 | 540 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| 0 | 151 | 158 | 201 |
|  |  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (h) 0.4%** |  |  | 701 |
| **NIGERIA TREASURY BILLS 0.5%**  |  |  |  |
| 31.873% due 06/11/2026 - 06/29/2026 (c)(d) | NGN | 1336080 | 842 |
| **SOUTH AFRICA TREASURY BILLS 1.2%**  |  |  |  |
| 7.391% due 04/22/2026 - 08/05/2026 (c)(d) | ZAR | 36250 | 2119 |
| Total Short-Term Instruments (Cost $7,081) |  |  | 7247 |
| Total Investments in Securities (Cost $248,399) |  |  | 246903 |
|  |  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 1.2%**  |  |  |  |
| **SHORT-TERM INSTRUMENTS 1.2%**  |  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.2%**  |  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** |  | 228685 | 2228 |
| Total Short-Term Instruments (Cost $2,227) |  |  | 2228 |
| Total Investments in Affiliates (Cost $2,227) |  |  | 2228 |
| Total Investments 138.6% (Cost $250,626) |  |  | $249131 |
| **Financial Derivative Instruments (i)(k) (0.2)**%(Cost or Premiums, net $1,125) |  |  | (389) |
| Other Assets and Liabilities, net (38.4)% |  |  | (68947) |
| Net Assets 100.0% |  |  | $179795 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 23 | 47 | 98 | 100 | 120 | 147 | 150 | 158 | 177 | 191 | 215 | 221 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(g)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | 06/08/2023 | 06/08/2023 | 06/08/2023 | $715 | 715 | 715 | $ | 807 | 0.45 | % |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(h)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BRC | TBD<sup>(2)</sup> | 170 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (194) | (194) | 200 | $202 | 202 |
| MEI | TBD<sup>(2)</sup> | 426 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (484) | (484) | 501 | 506 | 506 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  | **(678)** | **(678)** | **701** | $**708** | **708** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Coupon | Maturity<br>Date |  | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | 3.000% | 06/25/2049 | EUR | 900 | 900 | $ | (900) | $(875) | (875) |
| United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% | United States (7.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (7.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000% | 02/01/2056 | $ | $700 | 700 |  | (630) | (628) | (628) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2041 |  | 3900 | 3900 |  | (3598) | (3612) | (3612) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2056 |  | 9590 | 9590 |  | (7784) | (7754) | (7754) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 01/01/2056 |  | 475 | 475 |  | (403) | (402) | (402) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 02/01/2056 |  | 1500 | 1500 |  | (1385) | (1382) | (1382) |
|  | Total United States | Total United States | Total United States | Total United States |  |  |  |  |  | (13800) | (13778) | (13778) |
| **Total Short Sales (8.1)%** | **Total Short Sales (8.1)%** | **Total Short Sales (8.1)%** | **Total Short Sales (8.1)%** |  |  |  |  |  | **$** | **(14700)** | $**(14653)** | **(14653)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(6109) at a weighted average interest rate of 4.374%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 24 | 36 | 39 | 57 | 77 | 87 | 97 | 99 | 133 | 147 | 163 | 179 | 188 | 198 | 216 |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 111.500 | 01/23/2026 | 13 | $13 | 13 | (2) | (2) | $ | (2) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 112.000 | 01/23/2026 | 3 | 3 | 3 | (1) | (1) |  | (1) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 113.500 | 01/23/2026 | 16 | 16 | 16 | (3) | (3) |  | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(6)** | **(6)** | **$** | **(4)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | 03/2026 | 03/2026 | 23 | $ | 1612 | 1612 | $0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 24 |  | 2114 | 2114 | (19) | (19) | (19) | 0 | 0 | 0 | (5) |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 03/2026 | 03/2026 | 56 |  | 7909 | 7909 | (20) | (20) | (20) | 0 | 0 | 0 | (24) |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 62 |  | 7636 | 7636 | 51 | 51 | 51 | 13 | 13 | 13 | (6) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 44 |  | 4809 | 4809 | 0 | 0 | 0 | 0 | 0 | 0 | (5) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 36 |  | 4048 | 4048 | (7) | (7) | (7) | 0 | 0 | 0 | (7) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 55 |  | 6490 | 6490 | (81) | (81) | (81) | 0 | 0 | 0 | (21) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 120 |  | 13802 | 13802 | (61) | (61) | (61) | 0 | 0 | 0 | (22) |
|  |  |  |  |  |  |  |  |  |  |  | (137) | (137) | $ | 14 | 14 | 14 | (90) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 128 | $ | (9352) | (9352) | $(14) | (14) | (14) | 0 | 0 | 0 | (11) |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 44 |  | (6006) | (6006) | 46 | 46 | 46 | 4 | 4 | 4 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 27 |  | (4048) | (4048) | 56 | 56 | 56 | 7 | 7 | 7 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 93 |  | (13180) | (13180) | 79 | 79 | 79 | 32 | 32 | 32 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 119 |  | (14934) | (14934) | 21 | 21 | 21 | 1 | 1 | 1 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 22 |  | (18597) | (18597) | 126 | 126 | 126 | 41 | 41 | 41 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 314 | 314 | $ | 85 | 85 | 85 | (11) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **177** | **177** | **$** | **99** | **99** | **99** | **(101)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | (1.000)% | Quarterly | 06/20/2030 | 06/20/2030 | $ | 3940 | $ | (86) | (86) | (4) | (4) | (90) | (90) | 0 | 0 | 0 |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | (1.000) | Quarterly | 12/20/2035 | 12/20/2035 |  | 11670 |  | (89) | (89) | (12) | (12) | (101) | (101) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  | $ | (175) | (175) | (16) | (16) | (191) | (191) | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000% | Quarterly | 12/20/2030 | 12/20/2030 | $ | 16930 | $ | 373 | 373 | 15 | 15 | 388 | 388 | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.000% | Annual | 06/17/2027 | 06/17/2027 | GBP | 8700 | 8700 | $(20) | (20) | (131) | (131) | (151) | (151) | $0 | 0 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 09/17/2027 | 09/17/2027 |  | 7300 | 7300 | 47 | 47 | (34) | (34) | 13 | 13 | 0 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 24 | 36 | 64 | 97 | 127 | 154 | 188 | 216 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 03/17/2028 | 9700 | 35 | 97 | 132 | 3 | 0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/18/2028 | 1600 | (6) | 7 | 1 | 1 | 0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.750 | Annual | 03/18/2031 | 7500 | (11) | 50 | 39 | 9 | 0 |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 03/18/2036 | 4700 | 9 | (1) | 8 | 0 | (7) |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 03/18/2056 | 300 | 7 | (9) | (2) | 0 | (1) |
| Pay<sup>(5)</sup> | 1-Day INR-MIBOR Compounded-OIS | 5.750 | Semi-Annual | 03/18/2031 | 256350 | 0 | (22) | (22) | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2027 | 306700 | (11) | 6 | (5) | 1 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 09/17/2027 | 240000 | (3) | (4) | (7) | 0 | (1) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2030 | 237000 | (15) | 15 | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/19/2032 | 1377800 | (9) | (231) | (240) | 0 | (14) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/19/2035 | 580000 | (60) | (183) | (243) | 0 | (8) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 | 829900 | (39) | (236) | (275) | 0 | (11) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/17/2035 | 90000 | (1) | (18) | (19) | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/19/2044 | 493600 | (230) | (462) | (692) | 0 | (6) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.800 | Annual | 06/15/2052 | 60000 | 2 | 144 | 146 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 09/18/2054 | 203600 | (22) | 287 | 265 | 3 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/18/2054 | 60000 | 10 | 93 | 103 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/18/2055 | 80000 | (5) | 88 | 83 | 2 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.250 | Annual | 09/17/2055 | 90000 | 17 | 49 | 66 | 2 | 0 |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.250 | Semi-Annual | 03/18/2027 | 12000 | 14 | 0 | 14 | 0 | (4) |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | Semi-Annual | 03/18/2031 | 6480 | 90 | 20 | 110 | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.020 | Annual | 05/15/2026 | $2400 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | 14300 | 141 | (146) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | 3300 | 0 | (3) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 08/22/2026 | 500 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 8900 | 61 | (86) | (25) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 12300 | 75 | (1) | 74 | 0 | (6) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2027 | 1100 | 7 | (3) | 4 | 0 | (1) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 2720 | (13) | 1 | (12) | 2 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 3220 | 1 | 13 | 14 | 5 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 4118 | 4 | 0 | 4 | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 1200 | 24 | (9) | 15 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 4000 | 61 | (8) | 53 | 0 | (7) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 1520 | (6) | 3 | (3) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 4009 | (4) | (36) | (40) | 7 | 0 |

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 24 | 36 | 57 | 64 | 97 | 127 | 154 | 188 | 216 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.885 | Annual | 07/12/2034 |  | 1600 | (5) | (14) | (19) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 |  | 6000 | 409 | (126) | 283 | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 |  | 2600 | 126 | (6) | 120 | 6 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 |  | 1500 | 3 | 12 | 15 | 3 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 |  | 1500 | (1) | 9 | 8 | 3 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 |  | 2605 | 7 | 4 | 11 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 |  | 600 | (2) | 14 | 12 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 |  | 2300 | (45) | 52 | 7 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 8140 | (55) | 83 | 28 | 19 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 |  | 1410 | (27) | 5 | (22) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.804 | Annual | 02/15/2055 |  | 600 | 0 | 40 | 40 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 500 | 0 | 33 | 33 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.773 | Annual | 03/04/2055 |  | 600 | 0 | 43 | 43 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 620 | 78 | 24 | 102 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 190 | 1 | 7 | 8 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 390 | (7) | 14 | 7 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 420 | 0 | 15 | 15 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 600 | 60 | 9 | 69 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 248 | (3) | 10 | 7 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 1700 | 80 | 40 | 120 | 6 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 280 | 6 | 2 | 8 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 12.970 | Maturity | 01/02/2029 | BRL | 22900 | 0 | (19) | (19) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.268 | Maturity | 01/02/2029 |  | 27000 | 0 | 12 | 12 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.402 | Maturity | 01/02/2029 |  | 10200 | 1 | (1) | 0 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.500 | Annual | 09/15/2026 | CHF | 2500 | (19) | 4 | (15) | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.294 | Annual | 02/10/2027 |  | 1600 | (3) | 14 | 11 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.300 | Annual | 02/15/2027 |  | 1100 | 0 | 8 | 8 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.665 | Quarterly | 09/18/2030 | COP | 7131200 | 0 | 145 | 145 | 0 | (3) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.650 | Quarterly | 12/17/2030 |  | 132000 | 0 | (1) | (1) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.725 | Quarterly | 12/17/2030 |  | 64500 | 0 | (1) | (1) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.788 | Quarterly | 12/17/2030 |  | 128700 | 0 | (1) | (1) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.655 | Quarterly | 01/24/2035 |  | 153200 | 0 | (3) | (3) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.820 | Quarterly | 01/24/2035 |  | 1542900 | 0 | (24) | (24) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.695 | Quarterly | 11/07/2035 |  | 3431600 | 0 | (64) | (64) | 1 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.329 | Quarterly | 12/17/2035 |  | 7328000 | 0 | 182 | 182 | 0 | (2) |
| Pay<sup>(5)</sup> | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 1026080 | 7 | (39) | (32) | 0 | 0 |
| Receive<sup>(5)</sup> | 3-Month NZD-BBR | 2.500 | Semi-Annual | 03/12/2028 | NZD | 3200 | 1 | 18 | 19 | 0 | (3) |
| Receive<sup>(5)</sup> | 3-Month NZD-BBR | 3.500 | Semi-Annual | 03/18/2031 |  | 7500 | (54) | 81 | 27 | 0 | (18) |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 15000 | (2) | (3) | (5) | 0 | (1) |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 4300 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.265 | Annual | 01/10/2030 | SEK | 6300 | (3) | 10 | 7 | 1 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.474 | Annual | 02/03/2030 |  | 7060 | 0 | 15 | 15 | 1 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | AUD | 1700 | (5) | (33) | (38) | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 |  | 18000 | (177) | (368) | (545) | 0 | (10) |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 |  | 2300 | (6) | (47) | (53) | 0 | (1) |

---

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 14 | 16 | 24 | 35 | 52 | 57 | 87 | 96 | 102 | 126 | 140 | 153 | 154 | 187 | 188 | 202 | 215 | 216 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/19/2035 |  | 200 |  | 0 |  | (5) |  | (5) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 03/19/2035 |  | 3600 |  | 9 |  | (47) |  | (38) |  | 0 | 0 |  | (5) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 06/18/2035 |  | 700 |  | 4 |  | (13) |  | (9) |  | 0 | 0 |  | (1) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 09/17/2035 |  | 1900 |  | 9 |  | (58) |  | (49) |  | 0 | 0 |  | (3) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 09/17/2035 |  | 2400 |  | 37 |  | (67) |  | (30) |  | 0 | 0 |  | (3) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/18/2036 |  | 3500 |  | 1 |  | (107) |  | (106) |  | 0 | 0 |  | (4) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.523 | Annual | Annual | 12/01/2035 | CZK | 81300 |  | 1 |  | 8 |  | 9 |  | 5 | 5 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.485 | Annual | Annual | 12/02/2035 |  | 24200 |  | 0 |  | 1 |  | 1 |  | 1 | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.000 | Annual | Annual | 05/13/2027 | EUR | 800 |  | (3) |  | (9) |  | (12) |  | 0 | 0 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.000 | Annual | Annual | 03/18/2028 |  | 4200 |  | (20) |  | (10) |  | (30) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.795 | Annual | Annual | 10/11/2029 |  | 600 |  | 0 |  | (11) |  | (11) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.923 | Annual | Annual | 10/11/2029 |  | 2450 |  | 0 |  | (30) |  | (30) |  | 0 | 0 |  | (2) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 03/18/2031 |  | 12820 |  | 63 |  | (142) |  | (79) |  | 0 | 0 |  | (10) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 12700 |  | 8 |  | (276) |  | (268) |  | 0 | 0 |  | (17) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.451 | Annual | Annual | 05/27/2050 |  | 500 |  | (35) |  | (249) |  | (284) |  | 0 | 0 |  | (1) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.064 | Annual | Annual | 11/17/2052 |  | 100 |  | 7 |  | 62 |  | 69 |  | 0 | 0 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.213 | Annual | Annual | 03/12/2055 |  | 5500 |  | 107 |  | 502 |  | 609 |  | 8 | 8 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 |  | 1200 |  | 26 |  | 46 |  | 72 |  | 3 | 3 |  | 0 |
| Pay | Pay | 6-Month PLN-WIBOR | 6-Month PLN-WIBOR | 2.585 | Annual | Annual | 10/14/2029 | PLN | 3500 |  | 0 |  | (41) |  | (41) |  | 1 | 1 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/18/2027 | CAD | 1700 |  | 13 |  | (2) |  | 11 |  | 0 | 0 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 2.850 | Semi-Annual | Semi-Annual | 09/01/2029 |  | 2500 |  | (4) |  | 18 |  | 14 |  | 0 | 0 |  | (1) |
| Pay | Pay | CAONREPO | CAONREPO | 1.500 | Semi-Annual | Semi-Annual | 06/17/2030 |  | 1300 |  | (112) |  | 62 |  | (50) |  | 0 | 0 |  | (1) |
| Pay | Pay | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/18/2030 |  | 100 |  | 1 |  | 0 |  | 1 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 03/15/2033 |  | 1900 |  | 30 |  | (59) |  | (29) |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.180 | Semi-Annual | Semi-Annual | 06/01/2033 |  | 2000 |  | (2) |  | (18) |  | (20) |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 2.880 | Semi-Annual | Semi-Annual | 09/01/2033 |  | 600 |  | 0 |  | 3 |  | 3 |  | 0 | 0 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 03/18/2036 |  | 500 |  | (7) |  | 1 |  | (6) |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 06/21/2053 |  | 500 |  | 15 |  | 4 |  | 19 |  | 1 | 1 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $663 | 663 | $(1032) | (1032) | $(369) | (369) | $158 | 158 | 158 | $(170) | (170) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**861** | **861** | $**(1033)** | **(1033)** | $**(172)** | **(172)** | $**158** | **158** | **158** | $**(170)** | **(170)** |
| **(j)** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $283 and cash of $3,760 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $236 | 236 | 236 | JPY | 36702 | 36702 | 36702 | 0 | 0 | 0 | 0 | $(2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | CNH | 18305 | 18305 | 18305 | $ | $2618 | 2618 | 2618 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 432953 | 432953 | 432953 |  | 110 | 110 | 110 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 104806 | 104806 | 104806 |  | 72 | 72 | 72 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 368 | 368 | 368 |  | 101 | 101 | 101 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 1299 | 1299 | 1299 |  | 40 | 40 | 40 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 1496 | 1496 | 1496 |  | 49 | 49 | 49 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $63 | 63 | 63 | CNY | 447 | 447 | 447 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 134 | 134 | 134 | KRW | 196578 | 196578 | 196578 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 52 | 102 | 152 | 202 |
|  | 01/2026  | 599 | 2193 | 12 | 0 |
|  | 01/2026  | 66 | 2914 | 2 | 0 |
|  | 01/2026  | 23 | 726 | 0 | 0 |
|  | 01/2026  | 170 | 2842 | 1 | 0 |
|  | 02/2026  | 376 | $118 | 0 | 0 |
|  | 02/2026  | 196706 | 135 | 0 | (1) |
|  | 03/2026  | 856 | 35 | 0 | 0 |
|  | 03/2026  | 99 | 2428 | 2 | 0 |
|  | 03/2026  | 4712 | $9 | 0 | 0 |
|  | 03/2026  | $0 | 2 | 0 | 0 |
|  | 03/2026  | 1609 | 5424 | 0 | 0 |
|  | 04/2026  | 175275 | $44 | 0 | (1) |
|  | 04/2026  | $31 | 573 | 0 | 0 |
|  | 04/2026  | 2016 | $115 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 2304 | 1498 | 0 | (40) |
|  | 01/2026  | 588 | 107 | 0 | (1) |
|  | 01/2026  | 39 | 50 | 0 | 0 |
|  | 01/2026  | 3155 | 452 | 0 | (1) |
|  | 01/2026  | 448204 | 118 | 1 | 0 |
|  | 01/2026  | 1938 | 2281 | 3 | (1) |
|  | 01/2026  | 929 | 287 | 0 | (5) |
|  | 01/2026  | 9917 | 110 | 0 | 0 |
|  | 01/2026  | 40000 | 259 | 3 | 0 |
|  | 01/2026  | 526 | 144 | 0 | (2) |
|  | 01/2026  | 8557 | 279 | 7 | 0 |
|  | 01/2026  | $106 | 588 | 1 | 0 |
|  | 01/2026  | 100 | 137 | 0 | 0 |
|  | 01/2026  | 3785 | 26643 | 37 | 0 |
|  | 01/2026  | 2946 | 2501 | 0 | (6) |
|  | 01/2026  | 396 | 6626618 | 1 | 0 |
|  | 01/2026  | 50 | 4517 | 0 | 0 |
|  | 01/2026  | 204 | 12037 | 0 | 0 |
|  | 01/2026  | 533 | 1944 | 9 | 0 |
|  | 01/2026  | 841 | 26419 | 1 | (2) |
|  | 01/2026  | 119 | 1972 | 0 | 0 |
|  | 02/2026  | 31 | 160 | 0 | 0 |
|  | 02/2026  | $380 | 2685 | 4 | 0 |
|  | 02/2026  | 112 | 10123 | 0 | 0 |
|  | 02/2026  | 275 | 8629 | 0 | (1) |
|  | 03/2026  | 1570 | 64 | 0 | (1) |
|  | 03/2026  | 3785 | $122 | 2 | 0 |
|  | 03/2026  | $704 | 4938 | 5 | 0 |
|  | 03/2026  | 88 | 1838 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 5823 | $904 | 0 | (13) |
|  | 01/2026  | 241 | 1239 | 2 | 0 |
|  | 01/2026  | 1239 | $1455 | 0 | (2) |
|  | 01/2026  | 161 | 50 | 0 | 0 |
|  | 01/2026  | 2659 | 648 | 0 | (8) |
|  | 01/2026  | $530 | 916 | 0 | (2) |
|  | 01/2026  | 38 | 140 | 1 | 0 |
|  | 01/2026  | 303 | 13637 | 12 | 0 |
|  | 01/2026  | 5855 | $338 | 0 | (15) |
|  | 02/2026  | 157 | 49 | 0 | (1) |
|  | 02/2026  | $2148 | 97517 | 62 | 0 |
|  | 03/2026  | 268 | 4961 | 6 | 0 |
|  | 03/2026  | 238 | 10860 | 3 | 0 |
|  | 04/2026  | 2058 | $117 | 0 | (6) |
|  | 07/2026  | 3064 | 173 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 564 | 102 | 0 | 0 |
|  | 01/2026  | 2333 | 3085 | 0 | (60) |
|  | 01/2026  | 186199 | 1196 | 7 | 0 |
|  | 01/2026  | $102 | 564 | 1 | 0 |
|  | 01/2026  | 48 | 85 | 1 | 0 |
|  | 02/2026  | 568 | $102 | 0 | (1) |
|  | 02/2026  | 3653 | 1045 | 0 | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 1504 | 1000 | 0 | (4) |
|  | 01/2026  | 140 | 100 | 0 | (3) |
|  | 01/2026  | 9152 | 1310 | 0 | (3) |
|  | 01/2026  | 7737265 | 1978 | 0 | (43) |
|  | 01/2026  | 1471 | 1714 | 0 | (15) |
|  | 01/2026  | 70000 | 516 | 69 | 0 |
|  | 01/2026  | 207 | 119 | 0 | 0 |
|  | 01/2026  | 10314 | 340 | 12 | 0 |
|  | 01/2026  | $3106 | 21673 | 3 | 0 |
|  | 01/2026  | 31 | 98 | 0 | 0 |
|  | 01/2026  | 5316 | 474045 | 2 | (56) |
|  | 01/2026  | 13 | 48 | 0 | 0 |
|  | 01/2026  | 492 | 635 | 2 | 0 |
|  | 01/2026  | 0 | 2 | 0 | 0 |
|  | 01/2026  | 228 | 7112 | 0 | (1) |
|  | 02/2026  | 15 | 78 | 0 | 0 |
|  | 02/2026  | 288 | $91 | 0 | 0 |
|  | 02/2026  | 6709 | 1945 | 0 | (47) |
|  | 02/2026  | $188 | 1326 | 2 | 0 |
|  | 02/2026  | 6 | 202 | 0 | 0 |
|  | 03/2026  | 956691 | $1027 | 0 | (37) |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 52 | 102 | 152 | 202 |
|  | 03/2026  | 5479 | 707 | 2 | 0 |
|  | 03/2026  | 5010 | 1423 | 0 | (64) |
|  | 03/2026  | 4114 | 132 | 1 | 0 |
|  | 03/2026  | $1044 | 7338 | 8 | 0 |
|  | 03/2026  | 90 | 348631 | 0 | 0 |
|  | 04/2026  | 340 | 9083986 | 2 | 0 |
|  | 11/2026  | 92 | 314 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 105 | 538 | 1 | 0 |
|  | 01/2026  | 263 | $82 | 0 | (1) |
|  | 01/2026  | 9212 | 102 | 0 | 0 |
|  | 01/2026  | 156 | 90 | 0 | 0 |
|  | 01/2026  | $52 | 2569 | 2 | 0 |
|  | 01/2026  | 28 | 89 | 0 | 0 |
|  | 01/2026  | 1837 | 163565 | 0 | (21) |
|  | 01/2026  | 595 | 872957 | 10 | 0 |
|  | 01/2026  | 10433 | $599 | 0 | (30) |
|  | 02/2026  | 137 | 702 | 1 | 0 |
|  | 02/2026  | 89 | $28 | 0 | 0 |
|  | 02/2026  | $294 | 96858 | 1 | 0 |
|  | 02/2026  | 9 | 273 | 0 | 0 |
|  | 03/2026  | 2273 | $4 | 0 | 0 |
|  | 03/2026  | $735 | 5160 | 5 | 0 |
|  | 03/2026  | 196 | 4039 | 0 | 0 |
|  | 03/2026  | 466 | 258988 | 33 | 0 |
|  | 04/2026  | 85 | 4347 | 4 | 0 |
|  | 06/2026  | 95926 | $178 | 0 | (2) |
|  | 07/2026  | 2249 | 127 | 0 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 4696 | 3050 | 0 | (84) |
|  | 01/2026  | 49 | 61 | 0 | (1) |
|  | 01/2026  | 2202 | 2892 | 0 | (77) |
|  | 01/2026  | $1557 | 10959 | 15 | 0 |
|  | 01/2026  | 15 | 47 | 0 | 0 |
|  | 01/2026  | 3699 | 68622 | 103 | 0 |
|  | 01/2026  | 56 | 99 | 1 | 0 |
|  | 01/2026  | 707 | 2593 | 16 | 0 |
|  | 01/2026  | 116 | 1938 | 1 | 0 |
|  | 01/2026  | 7235 | $421 | 0 | (16) |
|  | 02/2026  | 47 | 15 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 256 | 1314 | 2 | 0 |
|  | 01/2026  | 190000 | $1411 | 199 | 0 |
|  | 01/2026  | 256 | 62 | 0 | (1) |
|  | 01/2026  | $99 | 79 | 1 | 0 |
|  | 01/2026  | 347 | 2438 | 3 | 0 |
|  | 01/2026  | 201 | 648 | 3 | 0 |
|  | 01/2026  | 249 | 909 | 4 | 0 |
|  | 01/2026  | 150 | 4769 | 2 | 0 |
|  | 01/2026  | 5380 | $312 | 0 | (12) |
|  | 02/2026  | $494 | 2722 | 0 | (1) |
|  | 02/2026  | 0 | 1 | 0 | 0 |
|  | 02/2026  | 165 | 3058 | 4 | 0 |
|  | 02/2026  | 78 | 3577 | 2 | 0 |
|  | 03/2026  | 1 | $0 | 0 | 0 |
|  | 03/2026  | $5482 | 30374 | 0 | (12) |
|  | 03/2026  | 7 | 50 | 0 | 0 |
|  | 03/2026  | 127 | 2352 | 3 | 0 |
|  | 04/2026  | 264 | 4861 | 4 | 0 |
|  | 08/2026  | 22246 | $1248 | 0 | (75) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 03/2026  | 686930 | 180 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 1178 | 361 | 0 | (9) |
|  | 01/2026  | 9725 | 109 | 1 | 0 |
|  | 01/2026  | 1987974 | 1385 | 7 | 0 |
|  | 01/2026  | 237 | 13 | 0 | 0 |
|  | 01/2026  | 160 | 93 | 1 | 0 |
|  | 01/2026  | 1054 | 288 | 0 | (6) |
|  | 01/2026  | $6759 | 47596 | 71 | 0 |
|  | 01/2026  | 44 | 309 | 0 | 0 |
|  | 01/2026  | 16 | 794 | 0 | 0 |
|  | 01/2026  | 425 | 3304 | 0 | 0 |
|  | 01/2026  | 325 | 1058 | 8 | 0 |
|  | 01/2026  | 777 | 69237 | 0 | (9) |
|  | 01/2026  | 40 | 407 | 1 | 0 |
|  | 01/2026  | 281 | 482 | 0 | (3) |
|  | 01/2026  | 576 | 2119 | 14 | 0 |
|  | 01/2026  | 1972 | $115 | 0 | (4) |
|  | 02/2026  | $1385 | 1985365 | 0 | (9) |
|  | 02/2026  | 358 | 6640 | 9 | 0 |
|  | 03/2026  | 172 | 3144 | 2 | 0 |
|  | 04/2026  | 100 | 1840 | 1 | 0 |
|  | 06/2026  | 1500 | $85 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 419 | 277 | 0 | (3) |
|  | 01/2026  | 6124 | 4351 | 0 | (113) |
|  | 01/2026  | 63 | 79 | 0 | 0 |
|  | 01/2026  | 727 | 972 | 0 | (8) |
|  | 01/2026  | 164400 | 1058 | 8 | 0 |
|  | 01/2026  | 446 | 257 | 1 | 0 |
|  | 01/2026  | 5756 | 4436 | 0 | (45) |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 14 | 52 | 83 | 92 | 102 | 111 | 138 | 151 | 152 | 167 | 191 | 201 | 207 |
|  |  | 01/2026  | $130 | 130 | EGP | 6482 | 6482 | 6482 |  | 5 | 5 | 5 |  | 0 |
|  |  | 01/2026  | 97 | 97 | EUR | 83 | 83 | 83 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 1570 | 1570 | GBP | 1178 | 1178 | 1178 |  | 18 | 18 | 18 |  | 0 |
|  |  | 01/2026  | 35 | 35 | INR | 3187 | 3187 | 3187 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 65 | 65 | JPY | 10183 | 10183 | 10183 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 84 | 84 | PLN | 310 | 310 | 310 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 316 | 316 | THB | 10244 | 10244 | 10244 |  | 9 | 9 | 9 |  | 0 |
|  |  | 01/2026  | 35 | 35 | TWD | 1120 | 1120 | 1120 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 76 | 76 | MXN | 1403 | 1403 | 1403 |  | 2 | 2 | 2 |  | 0 |
|  |  | 03/2026  | 697 | 697 | $ | $90 | 90 | 90 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 1939 | 1939 |  | 107 | 107 | 107 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | $72 | 72 | MXN | 1316 | 1316 | 1316 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 78 | 78 |  | 1439 | 1439 | 1439 |  | 1 | 1 | 1 |  | 0 |
|  |  | 05/2026  | 3034 | 3034 | $ | $174 | 174 | 174 |  | 0 | 0 | 0 |  | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | $1 | 1 | JPY | 203 | 203 | 203 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 1693 | 1693 | EUR | 69 | 69 | 69 |  | 0 | 0 | 0 |  | (1) |
|  |  | 02/2026  | 581 | 581 | $ | $180 | 180 | 180 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | $698 | 698 | KRW | 1022137 | 1022137 | 1022137 |  | 11 | 11 | 11 |  | 0 |
|  |  | 01/2026  | 197 | 197 | TRY | 8905 | 8905 | 8905 |  | 7 | 7 | 7 |  | 0 |
|  |  | 02/2026  | 299 | 299 |  | 13611 | 13611 | 13611 |  | 8 | 8 | 8 |  | 0 |
|  |  | 03/2026  | 238 | 238 |  | 10909 | 10909 | 10909 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 1155 | 1155 | $ | $215 | 215 | 215 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | 1821 | 1821 |  | 20 | 20 | 20 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 156371 | 156371 |  | 1006 | 1006 | 1006 |  | 7 | 7 | 7 |  | 0 |
|  |  | 01/2026  | 1622 | 1622 |  | 53 | 53 | 53 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | $210 | 210 | BRL | 1155 | 1155 | 1155 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 3101 | 3101 | CNH | 21851 | 21851 | 21851 |  | 34 | 34 | 34 |  | 0 |
|  |  | 01/2026  | 659 | 659 | IDR | 11022340 | 11022340 | 11022340 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 192 | 192 | INR | 17196 | 17196 | 17196 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 54 | 54 | JPY | 8357 | 8357 | 8357 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 89 | 89 | TWD | 2792 | 2792 | 2792 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 49 | 49 | CNY | 344 | 344 | 344 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 610 | 610 | RON | 3127 | 3127 | 3127 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | 23922 | 23922 | $ | $27696 | 27696 | 27696 |  | 0 | 0 | 0 |  | (429) |
|  |  | 01/2026  | 540324 | 540324 |  | 3455 | 3455 | 3455 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | $364 | 364 | RON | 1581 | 1581 | 1581 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 261 | 261 | SGD | 338 | 338 | 338 |  | 2 | 2 | 2 |  | 0 |
|  |  | 02/2026  | 85 | 85 | RON | 435 | 435 | 435 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | $200 | 200 | EGP | 9812 | 9812 | 9812 |  | 3 | 3 | 3 |  | 0 |
|  |  | 02/2026  | 76 | 76 | MXN | 1404 | 1404 | 1404 |  | 2 | 2 | 2 |  | 0 |
|  |  | 03/2026  | 478476 | 478476 | $ | $494 | 494 | 494 |  | 0 | 0 | 0 |  | (38) |
|  |  | 03/2026  | $0 | 0 | MXN | 1 | 1 | 1 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 1 | 1 | PEN | 5 | 5 | 5 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 2107 | 2107 | $ | $69 | 69 | 69 |  | 2 | 2 | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 240 | 240 |  | 300 | 300 | 300 |  | 0 | 0 | 0 |  | (4) |
|  |  | 01/2026  | 402 | 402 |  | 110 | 110 | 110 |  | 0 | 0 | 0 |  | (2) |
|  |  | 01/2026  | $287 | 287 | PLN | 1040 | 1040 | 1040 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | 10220 | 10220 | $ | $588 | 588 | 588 |  | 0 | 0 | 0 |  | (29) |
|  |  | 02/2026  | $410 | 410 | COP | 1534656 | 1534656 | 1534656 |  | 0 | 0 | 0 |  | (11) |
|  |  | 02/2026  | 71 | 71 | MXN | 1322 | 1322 | 1322 |  | 2 | 2 | 2 |  | 0 |
|  |  | 03/2026  | 1033388 | 1033388 | $ | $1111 | 1111 | 1111 |  | 0 | 0 | 0 |  | (38) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**979** | **979** | **979** | **$** | $**(1631)** | **(1631)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 03/11/2026 | 269 | 269 | 269 | $1 | 1 | $ | $2 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 24.200 | 03/12/2026 | 96 | 96 | 96 | 1 | 1 |  | 1 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | 375.000 | 03/05/2026 | 246 | 246 | 246 | 1 | 1 |  | 0 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.400 | 02/05/2026 | 300 | 300 | 300 | 4 | 4 |  | 2 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 381 | 381 | 381 | 1 | 1 |  | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 597 | 597 | 597 | 1 | 1 |  | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1417.000 | 02/11/2026 | 691 | 691 | 691 | 4 | 4 |  | 4 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/11/2026 | 692 | 692 | 692 | 4 | 4 |  | 4 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/12/2026 | 445 | 445 | 445 | 3 | 3 |  | 3 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | 1.315 | 11/05/2026 | 446 | 446 | 446 | 3 | 3 |  | 1 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 93 | 93 | 93 | 0 | 0 |  | 0 |
| JPM | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 03/05/2026 | 214 | 214 | 214 | 1 | 1 |  | 1 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | 378.000 | 03/03/2026 | 190 | 190 | 190 | 1 | 1 |  | 1 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  |  |  | 376.000 | 03/06/2026 | 229 | 229 | 229 | 1 | 1 |  | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 343 | 343 | 343 | 0 | 0 |  | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 178 | 178 | 178 | 0 | 0 |  | 0 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 02/10/2026 | 287 | 287 | 287 | 1 | 1 |  | 1 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 24.100 | 03/13/2026 | 127 | 127 | 127 | 1 | 1 |  | 1 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 23.900 | 06/02/2026 | 480 | 480 | 480 | 2 | 2 |  | 2 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.410 | 02/04/2026 | 500 | 500 | 500 | 7 | 7 |  | 3 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**37** | **37** | **$** | $**26** |

---

------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 7 | 29 | 31 | 45 | 62 | 65 | 83 | 84 | 86 | 94 | 107 | 121 | 145 | 157 | 169 | 195 | 207 | 219 |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BOA | BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 02/05/2026 | 300 | $ | (1) | (1) | $0 | 0 |
|  |  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.690 | 5.690 | 02/05/2026 | 300 |  | (4) | (4) | (2) | (2) |
|  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 381 |  | 0 | 0 | 0 | 0 |
|  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 | 597 |  | 0 | 0 | 0 | 0 |
|  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1380.000 | 1380.000 | 02/11/2026 | 691 |  | (1) | (1) | (1) | (1) |
|  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1382.000 | 1382.000 | 02/11/2026 | 692 |  | (2) | (2) | (1) | (1) |
|  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1383.000 | 1383.000 | 02/12/2026 | 445 |  | (1) | (1) | (1) | (1) |
|  |  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | SGD | 1.237 | 1.237 | 11/05/2026 | 446 |  | (3) | (3) | (4) | (4) |
| GLM | GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 93 |  | 0 | 0 | 0 | 0 |
| MBC | MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/14/2026 | 343 |  | 0 | 0 | 0 | 0 |
|  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 | 178 |  | 0 | 0 | 0 | 0 |
| MYI | MYI | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 02/04/2026 | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.700 | 5.700 | 02/04/2026 | 500 |  | (7) | (7) | (4) | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (20) | (20) | $(13) | (13) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BPS | BPS | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.622% | 3.622% | 3.622% | 01/29/2026 | 01/29/2026 | 200 | $ | (1) | (1) | $0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.882 | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 200 |  | (1) | (1) | (1) | (1) |
| FAR | FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.580 | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.860 | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 | 400 |  | (1) | (1) | 0 | 0 |
| MYC | MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.625 | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.925 | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.639 | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 600 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.919 | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 600 |  | (1) | (1) | (1) | (1) |
| NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.498 | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 600 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.798 | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 600 |  | (1) | (1) | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (10) | (10) | $(3) | (3) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(30)** | **(30)** | $**(16)** | **(16)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.220% | 0.220% | 0.220% | $1000 | $(36) | (36) | $0 | $0 | 0 | $(36) |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —♦ | —♦ | —♦ | $453 | $0 | 0 | $4 | $4 | 4 | $0 |
| GST | Indonesia Government International Bonds  | Indonesia Government International Bonds  | Indonesia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.689 | 0.689 | 0.689 | 2300 | 18 | 18 | 15 | 33 | 33 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $18 | 18 | $19 | $37 | 37 | $0 |

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------

<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 6 | 15 | 17 | 34 | 44 | 49 | 65 | 66 | 80 | 90 | 101 | 104 | 114 | 118 | 146 | 159 | 170 | 190 | 196 | 211 | 220 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | 100 | 23 | $ | 1 | $ | 24 | $ | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 100 | 22 |  | 2 |  | 24 |  | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 200 | 46 |  | 1 |  | 47 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 91 | 91 | 4 | $ | 95 | $ | 0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Receive | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  |  |  | Notional Amount<br>of Currency<br>Delivered | Upfront Payable/(Receivable) |  | Unrealized<br>Appreciation/(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 15177 | 15177 | JPY | JPY | JPY | 2276500 | 194 | $ | (3) | $ | 191 | $ | 0 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 10/15/2045 | 10/15/2045 | 10/15/2045 | 1655 | 1655 | GBP | GBP | GBP | 1244 | (6) |  | 2 |  | 0 |  | (4) |
|  |  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 6361 | 6361 | JPY | JPY | JPY | 986000 | 4 |  | (3) |  | 1 |  | 0 |
|  |  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 09/16/2031 | 5646 | 5646 |  |  |  | 830000 | 7 |  | 3 |  | 10 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 199 | $ | (1) | $ | 202 | $ | (4) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500% | 1.500% | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 03/18/2031 | CNY | 14800 | 14800 | $(12) | (12) | $3 | 3 | $0 | 0 | $(9) |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 03/18/2031 |  | 16800 | 16800 | 0 | 0 | (10) | (10) | 0 | 0 | (10) |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 5.960 | 5.960 | Quarterly | Quarterly | 02/11/2029 | 02/11/2029 | 02/11/2029 | COP | 7400 | 7400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 03/18/2031 | CNY | 6700 | 6700 | 3 | 3 | (7) | (7) | 0 | 0 | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9) | (9) | (14) | $ | 0 | $ | (23) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **263** | **263** | **8** | **$** | **334** | **$** | **(63)** |
| **(l)** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $368 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>♦</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(3)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(4)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(5)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(7)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(8)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $43 | $43 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 1247 | 1247 |
| Non-Agency Mortgage-Backed Securities | 0 | 1802 |
| Sovereign Issues | 3012 | 3012 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 573 | 573 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 2932 | 2932 |
| Sovereign Issues | 2857 | 2857 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 4546 | 4546 |
| Corporate Bonds & Notes | 401 | 401 |
| Chile | Chile | Chile |
| Sovereign Issues | 3219 | 3219 |
| China | China | China |
| Sovereign Issues | 4545 | 4545 |
| Colombia | Colombia | Colombia |
| Corporate Bonds & Notes | 515 | 515 |
| Sovereign Issues | 4885 | 4885 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 602 | 602 |
| Czech Republic | Czech Republic | Czech Republic |
| Sovereign Issues | 283 | 283 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 922 | 922 |
| Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 932 | 932 |
| France | France | France |
| Corporate Bonds & Notes | 1127 | 1127 |
| Sovereign Issues | 8241 | 8241 |
| Guatemala | Guatemala | Guatemala |
| Sovereign Issues | 524 | 524 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 1840 | 1840 |
| India | India | India |
| Corporate Bonds & Notes | 310 | 310 |
| Indonesia | Indonesia | Indonesia |
| Sovereign Issues | 627 | 627 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 4105 | 4105 |
| Corporate Bonds & Notes | 587 | 587 |
| Loan Participations and Assignments | 0 | 589 |
| Israel | Israel | Israel |
| Sovereign Issues | 1351 | 1351 |
| Italy | Italy | Italy |
| Corporate Bonds & Notes | 927 | 927 |
| Sovereign Issues | 3454 | 3454 |
| Ivory Coast | Ivory Coast | Ivory Coast |
| Sovereign Issues | 355 | 355 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 3356 | 3356 |
| Sovereign Issues | 8205 | 8205 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Corporate Bonds & Notes | 497 | 497 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 902 | 902 |
| Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | 0 | 1144 |
| Corporate Bonds & Notes | 954 | 954 |
| Sovereign Issues | 816 | 816 |
| Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 356 | 356 |
| Sovereign Issues | 1190 | 1190 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 997 | 997 |
| Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 856 | 856 |
| Non-Agency Mortgage-Backed Securities | 28 | 28 |
| New Zealand | New Zealand | New Zealand |
| Sovereign Issues | 204 | 204 |
| Norway | Norway | Norway |
| Sovereign Issues | 260 | 260 |
| Peru | Peru | Peru |
| Corporate Bonds & Notes | 938 | 938 |
| Sovereign Issues | 2925 | 2925 |
| Philippines | Philippines | Philippines |
| Sovereign Issues | 338 | 338 |
| Poland | Poland | Poland |
| Sovereign Issues | 720 | 720 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 180 | 180 |
| Republic of Korea | Republic of Korea | Republic of Korea |
| Sovereign Issues | 351 | 351 |

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 69 | 79 | 106 | 119 | 131 | 151 | 156 | 191 | 208 |
| Romania | Romania | Romania | Romania | Romania | Romania | Romania | Romania | Romania | Romania |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 2355 | 2355 | 0 | 0 | 2355 | 2355 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 649 | 649 | 0 | 0 | 649 | 649 |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 3157 | 3157 | 0 | 0 | 3157 | 3157 |
| Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal | Senegal |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 572 | 572 | 0 | 0 | 572 | 572 |
| Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 2540 | 2540 | 0 | 0 | 2540 | 2540 |
| Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 0 | 1000 | 1000 | 1000 | 1000 |
| South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 4049 | 4049 | 0 | 0 | 4049 | 4049 |
| South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 1404 | 1404 | 0 | 0 | 1404 | 1404 |
| Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 2733 | 2733 | 0 | 0 | 2733 | 2733 |
| Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 947 | 947 | 0 | 0 | 947 | 947 |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 1102 | 1102 | 0 | 0 | 1102 | 1102 |
| Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 898 | 898 | 0 | 0 | 898 | 898 |
| Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 676 | 676 | 0 | 0 | 676 | 676 |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 303 | 303 | 0 | 0 | 303 | 303 |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 3589 | 3589 | 0 | 0 | 3589 | 3589 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 940 | 940 | 0 | 0 | 940 | 940 |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 4681 | 4681 | 0 | 0 | 4681 | 4681 |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 3702 | 3702 | 0 | 0 | 3702 | 3702 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 11798 | 11798 | 0 | 0 | 11798 | 11798 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 0 | 172 | 172 | 0 | 0 | 172 | 172 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 9179 | 9179 | 0 | 0 | 9179 | 9179 |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 1942 | 1942 | 0 | 0 | 1942 | 1942 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 88605 | 88605 | 0 | 0 | 88605 | 88605 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 10093 | 10093 | 0 | 0 | 10093 | 10093 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | Commercial Paper | 0 | 0 | 3045 | 3045 | 0 | 0 | 3045 | 3045 |
| Mutual Funds | Mutual Funds | 0 | 0 | 540 | 540 | 0 | 0 | 540 | 540 |
| Repurchase Agreements | Repurchase Agreements | 0 | 0 | 701 | 701 | 0 | 0 | 701 | 701 |
| Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 842 | 842 | 0 | 0 | 842 | 842 |
| South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 2119 | 2119 | 0 | 0 | 2119 | 2119 |
|  |  | $0 | 0 | $242368 | 242368 | $4535 | 4535 | $246903 | 246903 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $2228 | 2228 | $0 | 0 | $0 | 0 | $2228 | 2228 |
| Total Investments | Total Investments | $2228 | 2228 | $242368 | 242368 | $4535 | 4535 | $249131 | 249131 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | (875) | (875) | 0 | 0 | (875) | (875) |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | (13778) | (13778) | 0 | 0 | (13778) | (13778) |
|  |  | $0 | 0 | $(14653) | (14653) | $0 | 0 | $(14653) | (14653) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 99 | 99 | 158 | 158 | 0 | 0 | 257 | 257 |
| Over the counter | Over the counter | 0 | 0 | 1335 | 1335 | 4 | 4 | 1339 | 1339 |
|  |  | $99 | 99 | $1493 | 1493 | $4 | 4 | $1596 | 1596 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (46) | (46) | (229) | (229) | 0 | 0 | (275) | (275) |
| Over the counter | Over the counter | 0 | 0 | (1710) | (1710) | 0 | 0 | (1710) | (1710) |
|  |  | $(46) | (46) | $(1939) | (1939) | $0 | 0 | $(1985) | (1985) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $53 | 53 | $(446) | (446) | $4 | 4 | $(389) | (389) |
| Totals | Totals | $2281 | 2281 | $227269 | 227269 | $4539 | 4539 | $234089 | 234089 |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia |  |  |  |  |  |  |  |  |  |

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<br> Schedule of Investments PIMCO Global Advantage<sup>®</sup> Strategy Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 28 | 42 | 76 | 113 | 139 | 178 | 185 | 193 | 217 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $0 | 1765 | $ | $0 | $37 | $0 | 0 | $ | 1802 | 37 |
| Ireland | Ireland |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 540 | 0 |  | 0 | 49 | 0 | 0 |  | 589 | 49 |
| Luxembourg | Luxembourg |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | Common Stocks | 1277 | 0 |  | 0 | (133) | 0 | 0 |  | 1144 | (133) |
| Singapore | Singapore |  |  |  |  |  |  |  |  |  |  |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 1000 |  | 0 | 0 | 0 | 0 |  | 1000 | 0 |
|  |  | 1817 | 2765 | $ | $0 | $(47) | $0 | 0 | $ | 4535 | (47) |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | 7 | 0 | $ | $0 | $(1) | $0 | 0 | $ | 4 | (1) |
| Totals | Totals | 1824 | 2765 | $ | $0 | $(48) | $0 | 0 | $ | 4539 | (48) |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $1802 | 1802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | 100.000  | —  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 589 | 589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939  | 3.939  | 3.939  | —  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | Common Stocks | Common Stocks | 1144 | 1144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $22.563  | 22.563  | 22.563  | —  |
| Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 1000 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000  | 100.000  | 100.000  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | 4 | 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497  | 0.497  | 0.497  | —  |
| Total | Total | Total | $4539 | 4539 |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 129.9% ¤** |  |  |
| **ARGENTINA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $147 | $96 |
| 4.125% due 07/09/2035 þ  | 122 | 89 |
| Total Argentina (Cost $158) |  | 185 |
| **AUSTRALIA 3.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Australia & New Zealand Banking Group Ltd.** <br>4.675% due 06/15/2026 | $3600 | 3613 |
| **Canadian Imperial Bank of Commerce** <br>4.082% (BBSW3M + 0.370%) due 09/14/2026 ~ | 3200 | 2135 |
| **Commonwealth Bank of Australia** <br>5.071% due 09/14/2028 | $2600 | 2690 |
| **National Australia Bank Ltd.** <br>5.134% due 11/28/2028 | 2600 | 2700 |
|  |  | 11138 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.9%**  |  |  |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 26000 | 17351 |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Australia Government Bonds**  |  |  |
| 1.750% due 06/21/2051  | 250 | 85 |
| 2.500% due 05/21/2030  | 2300 | 1429 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 4400 | 2277 |
| 2.000% due 03/08/2033  | 3300 | 1811 |
| 4.750% due 09/20/2035  | 1600 | 1026 |
| **Queensland Treasury Corp.**  |  |  |
| 1.500% due 08/20/2032  | 14400 | 7762 |
| 1.750% due 07/20/2034  | 3400 | 1729 |
| 2.000% due 08/22/2033  | 2400 | 1291 |
| 4.500% due 08/22/2035  | 3200 | 2001 |
| 5.250% due 07/21/2036  | 6900 | 4535 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 09/17/2035  | 11300 | 5617 |
| 2.250% due 09/15/2033  | 4300 | 2348 |
| 4.250% due 12/20/2032  | 3200 | 2047 |
|  |  | 33958 |
| Total Australia (Cost $61,599) |  | 62447 |
| **BRAZIL 1.7%**  |  |  |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (e) | 178200 | 31458 |
| Total Brazil (Cost $31,959) |  | 31458 |
| **BULGARIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.375% due 07/18/2035  | 2000 | 2311 |
| 4.125% due 07/18/2045  | 2100 | 2372 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| Total Bulgaria (Cost $4,693) |  | 4683 |
| **CANADA 3.8%**  |  |  |
| **CORPORATE BONDS & NOTES 1.7%**  |  |  |
| **Bank of Nova Scotia** <br>4.299% due 03/20/2028 | $7400 | 7498 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 1000 | 1168 |
| **Royal Bank of Canada**  |  |  |
| 4.465% (BBSW3M + 0.730%) due 06/30/2026 ~  | 3500 | 2341 |
| 4.709% (SOFRINDX + 0.880%) due 08/06/2029 ~  | $4700 | 4707 |
| 4.851% due 12/14/2026  | 2400 | 2425 |
| **Toronto-Dominion Bank**  |  |  |
| 4.682% (BBSW3M + 0.970%) due 09/15/2028 ~  | 6300 | 4248 |
| 4.701% due 06/05/2027  | $4800 | 4817 |
| 4.814% due 07/16/2027  | 4600 | 4678 |
|  |  | 31882 |
| **SOVEREIGN ISSUES 2.1%**  |  |  |
| **Canada Government Bonds**  |  |  |
| 3.000% due 06/01/2034  | 18100 | 12890 |
| 3.250% due 12/01/2033  | 14500 | 10550 |
| 4.000% due 03/01/2029  | 18700 | 14128 |
| **Canada Government Real Return Bonds** <br>1.500% due 12/01/2044 (f) | 572 | 396 |
|  |  | 37964 |
| Total Canada (Cost $69,316) |  | 69846 |
| **CAYMAN ISLANDS 3.4%**  |  |  |
| **ASSET-BACKED SECURITIES 2.9%**  |  |  |
| **522 Funding CLO Ltd.** <br>5.186% due 10/20/2031 •  | $276 | 276 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 2300 | 2301 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 929 | 935 |
| **Atlantic Avenue Ltd.** <br>5.144% due 01/20/2035 •  | 3900 | 3904 |
| **Atlas Senior Loan Fund XV Ltd.** <br>5.080% due 10/23/2032 •  | 3519 | 3522 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 2700 | 2700 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 5.010% due 10/23/2034 •  | 2500 | 2501 |
| 5.124% due 07/16/2034 •  | 2100 | 2102 |
| 5.124% due 07/19/2034 •  | 3500 | 3502 |
| **CIFC Funding Ltd.** <br>5.077% due 10/24/2030 •  | 327 | 327 |
| **Crown Point CLO 7 Ltd.** <br>5.114% due 10/20/2031 •  | 244 | 244 |
| **Gallatin CLO VIII Ltd.** <br>5.256% due 07/15/2031 •  | 843 | 843 |
| **GPMT Ltd.**  |  |  |
| 5.198% due 12/15/2036 •  | 1395 | 1398 |
| 5.349% due 07/16/2035 •  | 138 | 138 |
| **ICG U.S. CLO Ltd.** <br>5.152% due 04/17/2034 •  | 1726 | 1728 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 4200 | 4197 |
| **Madison Park Funding XXXIX Ltd.** <br>5.107% due 10/22/2034 •  | 2300 | 2303 |
| **MF1 Ltd.** <br>4.929% due 10/16/2036 •  | 541 | 540 |
| **Navesink CLO 2 Ltd.** <br>0.000% due 01/15/2036 •(b) | 3000 | 3000 |
| **Newark BSL CLO 2 Ltd.** <br>5.090% due 07/25/2030 •  | 137 | 137 |
| **Parallel Ltd.** <br>5.015% due 07/15/2034 •  | 4100 | 4092 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | 3800 | 3800 |
| **Sound Point CLO XVIII Ltd.** <br>5.266% due 01/21/2031 •  | 32 | 32 |
| **TCW CLO AMR Ltd.** <br>5.151% due 08/16/2034 •  | 4000 | 4003 |
| **Tralee CLO V Ltd.** <br>4.964% due 10/20/2034 •  | 3700 | 3699 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 1303 | 1301 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **Venture XXIX CLO Ltd.** <br>5.103% due 09/07/2030 •  | 64 | 64 |
|  |  | 53589 |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 758 | 736 |
| **Foxconn Far East Ltd.** <br>1.875% due 08/25/2028 | 4300 | 3991 |
| **Gaci First Investment Co.** <br>5.250% due 01/29/2034 | 1400 | 1439 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1400 | 1651 |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 | $800 | 816 |
|  |  | 8633 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **KSA Sukuk Ltd.** <br>5.268% due 10/25/2028 | 500 | 515 |
| Total Cayman Islands (Cost $62,677) |  | 62737 |
| **CHILE 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Chile Government International Bonds** <br>4.850% due 01/22/2029 | $1000 | 1023 |
| Total Chile (Cost $999) |  | 1023 |
| **CHINA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 600 | 90 |
| 2.820% due 05/22/2033  | 600 | 91 |
| **China Government Bonds** <br>1.650% due 05/15/2035 | 1000 | 140 |
| Total China (Cost $317) |  | 321 |
| **COSTA RICA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 2750 | 3314 |
| Total Costa Rica (Cost $3,202) |  | 3314 |
| **DENMARK 1.2%**  |  |  |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **DLR Kredit AS** <br>1.000% due 01/01/2027 | 6100 | 951 |
| **Jyske Realkredit AS**  |  |  |
| 1.000% due 01/01/2027  | 29009 | 4521 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 1426 | 183 |
| **Nykredit Realkredit AS**  |  |  |
| 1.000% due 04/01/2026  | 38100 | 5985 |
| 1.500% due 10/01/2053  | 8264 | 1047 |
| **Realkredit Danmark AS**  |  |  |
| 1.000% due 04/01/2026  | 7600 | 1193 |
| 1.000% due 01/01/2027  | 44548 | 6944 |
| 1.500% due 10/01/2053  | 1514 | 192 |
| Total Denmark (Cost $20,177) |  | 21016 |
| **FRANCE 5.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **BNP Paribas SA**  |  |  |
| 5.738% due 02/20/2035 •  | $1100 | 1155 |
| 5.786% due 01/13/2033 •  | 1000 | 1051 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 2200 | 2242 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **Credit Agricole SA** <br>6.316% due 10/03/2029 •  | 1800 | 1899 |
|  |  | 6347 |
| **SOVEREIGN ISSUES 5.6%**  |  |  |
| **Caisse des Depots et Consignations** <br>4.250% due 02/28/2028 | 6700 | 9080 |
| **French Republic Government Bonds OAT**  |  |  |
| 0.750% due 02/25/2028  | 16400 | 18650 |
| 2.750% due 10/25/2027  | 15000 | 17784 |
| 2.750% due 02/25/2030  | 48100 | 56679 |
|  |  | 102193 |
| Total France (Cost $98,736) |  | 108540 |
| **GERMANY 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Deutsche Bank AG** <br>5.706% due 02/08/2028 •  | $1600 | 1626 |
| Total Germany (Cost $1,600) |  | 1626 |
| **HUNGARY 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Hungary Government International Bonds** <br>5.375% due 09/26/2030 | $100 | 103 |
| Total Hungary (Cost $100) |  | 103 |
| **IRELAND 3.6%**  |  |  |
| **ASSET-BACKED SECURITIES 3.4%**  |  |  |
| **ARES European CLO XIV DAC** <br>3.040% due 10/21/2034 •  | 2055 | 2418 |
| **Bain Capital Euro CLO DAC** <br>3.265% due 01/22/2038 •  | 2700 | 3176 |
| **Barings Euro CLO DAC** <br>0.000% due 08/15/2039 •(b) | 1200 | 1410 |
| **BlackRock European CLO III DAC** <br>2.884% due 07/19/2035 •  | 2500 | 2933 |
| **Bosphorus CLO VI DAC** <br>2.897% due 05/25/2034 •  | 3968 | 4665 |
| **Cairn CLO VII DAC** <br>2.736% due 01/31/2030 •  | 794 | 934 |
| **Capital Four CLO I DAC** <br>3.029% due 10/15/2034 •  | 2600 | 3060 |
| **CVC Cordatus Loan Fund XXIV DAC** <br>3.266% due 10/23/2034 •  | 640 | 754 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.904% due 08/15/2033 •  | 918 | 1077 |
| **Dryden 27 R Euro CLO DAC** <br>2.686% due 04/15/2033 •  | 439 | 516 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 1400 | 1645 |
| **Hayfin Emerald CLO X DAC** <br>3.251% due 10/18/2039 •  | 3600 | 4235 |
| **Hayfin Emerald CLO XIV DAC** <br>3.225% due 01/22/2039 •  | 6200 | 7292 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 3900 | 4583 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 3.034% due 05/15/2033 •  | 1508 | 1772 |
| 3.047% due 07/15/2035 •  | 3900 | 4584 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 3100 | 3643 |
| **Rockford Tower Europe CLO DAC**  |  |  |
| 3.026% due 01/24/2035 •  | 2900 | 3412 |
| 3.326% due 08/29/2036 •  | 4100 | 4822 |
| **Sculptor European CLO VI DAC** <br>3.059% due 10/15/2034 •  | 4700 | 5529 |
|  |  | 62460 |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** <br>3.000% due 10/29/2028 | $550 | 533 |

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------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Panama Government International Bonds**<br>3.837% (EUR006M + 1.750%) due 03/05/2027 «~ | 2600 | 3062 |
| Total Ireland (Cost $62,540) |  | 66055 |
| **ISRAEL 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 4.500% due 01/17/2033  | $600 | 590 |
| 5.375% due 02/19/2030  | 1600 | 1657 |
| 5.500% due 03/12/2034 (j)  | 3700 | 3838 |
| 5.625% due 02/19/2035  | 2200 | 2300 |
| Total Israel (Cost $8,149) |  | 8385 |
| **ITALY 2.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Banca Monte dei Paschi di Siena SpA** <br>0.875% due 10/08/2027 | 1200 | 1397 |
| **SOVEREIGN ISSUES 2.1%**  |  |  |
| **Cassa Depositi e Prestiti SpA**  |  |  |
| 4.375% due 10/01/2030  | $3700 | 3719 |
| 5.750% due 05/05/2026  | 1400 | 1408 |
| **Italy Buoni Poliennali Del Tesoro** <br>2.100% due 08/26/2027 | 26800 | 31455 |
| **Republic of Italy Government International Bonds** <br>6.000% due 08/04/2028 | 600 | 839 |
|  |  | 37421 |
| Total Italy (Cost $38,959) |  | 38818 |
| **JAPAN 3.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.** <br>4.527% due 09/12/2031 •  | $3200 | 3218 |
| **Nomura Holdings, Inc.** <br>2.329% due 01/22/2027 | 600 | 590 |
| **NTT Finance Corp.** <br>5.059% (SOFRRATE + 1.080%) due 07/16/2028 ~ | 3900 | 3941 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>4.533% (SOFRRATE + 0.750%) due 09/11/2028 ~ | 2400 | 2409 |
|  |  | 10158 |
| **SOVEREIGN ISSUES 2.7%**  |  |  |
| **Development Bank of Japan, Inc.** <br>4.000% due 08/28/2027 | 2700 | 2711 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.100% due 03/10/2028 (f)  | 1216399 | 7901 |
| 0.100% due 03/10/2029 (f)  | 394772 | 2562 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 450000 | 2780 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 572300 | 2660 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.700% due 12/20/2048  | 201000 | 773 |
| 0.700% due 06/20/2051  | 30000 | 105 |
| 1.300% due 06/20/2052  | 50000 | 204 |
| 2.200% due 06/20/2054  | 54150 | 272 |
| 2.300% due 12/20/2054  | 509400 | 2612 |
| 2.400% due 03/20/2055  | 447000 | 2344 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 06/20/2040  | 1070000 | 5063 |
| 2.000% due 12/20/2044  | 580000 | 3222 |
| 2.400% due 03/20/2045  | 892000 | 5272 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **Japan Government Two Year Bonds** <br>0.100% due 01/01/2026 | 1550000 | 9895 |
|  |  | 48376 |
| Total Japan (Cost $67,516) |  | 58534 |
| **JERSEY, CHANNEL ISLANDS 0.0%**  |  |  |
| **ASSET-BACKED SECURITIES 0.0%**  |  |  |
| **Saranac CLO VI Ltd.** <br>5.125% due 08/13/2031 •  | $230 | 230 |
| Total Jersey, Channel Islands (Cost $230) |  | 230 |
| **KAZAKHSTAN 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 831000 | 1703 |
| Total Kazakhstan (Cost $1,534) |  | 1703 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $4100 | 4111 |
| 4.136% due 10/09/2030  | 2000 | 2004 |
| 4.652% due 10/09/2035  | 3000 | 3003 |
| Total Kuwait (Cost $9,100) |  | 9118 |
| **LUXEMBOURG 0.6%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Project Fenno**  |  |  |
| TBD% - 4.352% (EUR003M + 2.350%) due 07/10/2028 «~(h) | 838 | 990 |
| TBD% - 4.352% (EUR003M + 2.350%) due 07/10/2028 «~µ(h) | 296 | 350 |
|  |  | 1340 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $8800 | 8975 |
| Total Luxembourg (Cost $10,095) |  | 10315 |
| **MALAYSIA 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 4.550% due 04/21/2050  | $300 | 265 |
| 4.800% due 04/21/2060  | 300 | 271 |
|  |  | 536 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Malaysia Government Bonds** <br>2.632% due 04/15/2031 | 6000 | 1432 |
| Total Malaysia (Cost $1,892) |  | 1968 |
| **MEXICO 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Mexico Government International Bonds** <br>5.000% due 04/27/2051 | $500 | 403 |
| Total Mexico (Cost $466) |  | 403 |
| **MULTINATIONAL 0.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Preferred Term Securities XXVI Ltd./Preferred Term Securities XXVI, Inc.** <br>4.285% (US0003M + 0.300%) due 09/22/2037 ~ | $517 | 483 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| Total Multinational (Cost $415) |  | 483 |
| **NETHERLANDS 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **ABN AMRO Bank NV** <br>5.515% due 12/03/2035 •  | $2800 | 2893 |
| Total Netherlands (Cost $2,800) |  | 2893 |
| **NORWAY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Kommunalbanken AS** <br>1.900% due 01/19/2027 | 2200 | 1433 |
| Total Norway (Cost $1,603) |  | 1433 |
| **PERU 1.7%**  |  |  |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 10300 | 3058 |
| 6.150% due 08/12/2032  | 29700 | 9535 |
| 6.900% due 08/12/2037  | 10200 | 3177 |
| 6.950% due 08/12/2031  | 48561 | 16063 |
| Total Peru (Cost $28,004) |  | 31833 |
| **POLAND 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.625% due 03/18/2029  | $1400 | 1431 |
| 4.875% due 02/12/2030  | 1000 | 1031 |
| 5.125% due 09/18/2034  | 3300 | 3388 |
| 5.375% due 02/12/2035  | 700 | 727 |
| Total Poland (Cost $6,367) |  | 6577 |
| **QATAR 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **QatarEnergy**  |  |  |
| 1.375% due 09/12/2026  | $6400 | 6281 |
| 2.250% due 07/12/2031  | 300 | 270 |
| Total Qatar (Cost $6,575) |  | 6551 |
| **ROMANIA 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 800 | 850 |
| 2.000% due 04/14/2033  | 2000 | 1913 |
| 2.125% due 03/07/2028  | 600 | 693 |
| 2.875% due 04/13/2042  | 1000 | 776 |
| 5.125% due 09/24/2031  | 1900 | 2287 |
| 5.250% due 03/10/2030  | 1400 | 1722 |
| 5.625% due 02/22/2036  | 1100 | 1280 |
| 6.250% due 09/10/2034  | 400 | 494 |
| 6.500% due 10/07/2045  | 200 | 234 |
| 6.625% due 09/27/2029  | 2600 | 3343 |
| Total Romania (Cost $12,764) |  | 13592 |
| **SAUDI ARABIA 1.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 2.250% due 11/24/2030  | $200 | 181 |
| 4.750% due 06/02/2030  | 1500 | 1521 |
| 5.375% due 06/02/2035  | 3200 | 3302 |
| 6.375% due 06/02/2055  | 700 | 733 |
|  |  | 5737 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.250% due 10/22/2030  | 200 | 191 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| 3.375% due 03/05/2032  | 1800 | 2127 |
| 3.750% due 03/05/2037  | 500 | 578 |
| 4.750% due 01/18/2028  | $2400 | 2434 |
| 4.750% due 01/16/2030  | 8900 | 9094 |
| 4.875% due 07/18/2033  | 1300 | 1322 |
| 5.125% due 01/13/2028  | 3400 | 3475 |
| 5.375% due 01/13/2031  | 1900 | 1994 |
|  |  | 21215 |
| Total Saudi Arabia (Cost $25,987) |  | 26952 |
| **SERBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 1.000% due 09/23/2028  | 700 | 769 |
| 2.050% due 09/23/2036  | 600 | 550 |
| 6.000% due 06/12/2034  | $1100 | 1140 |
| Total Serbia (Cost $2,586) |  | 2459 |
| **SLOVAKIA 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **365 bank AS** <br>7.125% due 07/04/2028 •  | 3700 | 4609 |
| Total Slovakia (Cost $4,383) |  | 4609 |
| **SOUTH AFRICA 2.4%**  |  |  |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 25400 | 1312 |
| 8.000% due 01/31/2030  | 118000 | 7287 |
| 8.750% due 01/31/2044  | 74900 | 4354 |
| 8.750% due 02/28/2048  | 21900 | 1276 |
| 8.875% due 02/28/2035  | 481500 | 30344 |
| Total South Africa (Cost $38,437) |  | 44573 |
| **SPAIN 4.3%**  |  |  |
| **SOVEREIGN ISSUES 4.3%**  |  |  |
| **Autonomous Community of Catalonia** <br>4.220% due 04/26/2035 | 300 | 363 |
| **Spain Government Bonds**  |  |  |
| 0.010% due 01/31/2028  | 18300 | 20568 |
| 2.400% due 05/31/2028  | 12200 | 14383 |
| 2.500% due 05/31/2027  | 3400 | 4014 |
| 3.150% due 04/30/2035  | 2000 | 2334 |
| 3.450% due 10/31/2034  | 29970 | 35935 |
| Total Spain (Cost $73,640) |  | 77597 |
| **SUPRANATIONAL 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Inter-American Development Bank** <br>2.500% due 04/14/2027 | 1800 | 1176 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **European Union** <br>3.750% due 10/12/2045 | 9900 | 11480 |
| Total Supranational (Cost $12,862) |  | 12656 |
| **SWITZERLAND 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | $1100 | 1022 |
| 4.194% due 04/01/2031 •  | 600 | 595 |
| 4.844% due 11/06/2033 •  | 3500 | 3504 |
| 5.617% due 09/13/2030 •  | 900 | 940 |
| 6.246% due 09/22/2029 •  | 2600 | 2738 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| Total Switzerland (Cost $8,519) |  | 8799 |
| **UNITED ARAB EMIRATES 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 4.500% due 05/06/2030  | $300 | 303 |
| 5.000% due 05/06/2035  | 900 | 915 |
|  |  | 1218 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Abu Dhabi Government International Bonds** <br>5.500% due 04/30/2054 | 3300 | 3376 |
| Total United Arab Emirates (Cost $4,436) |  | 4594 |
| **UNITED KINGDOM 8.6%**  |  |  |
| **ASSET-BACKED SECURITIES 0.2%**  |  |  |
| **Together Asset-Backed Securitisation 14 PLC** <br>4.604% due 08/15/2066 ~ | 2892 | 3896 |
| **CORPORATE BONDS & NOTES 2.6%**  |  |  |
| **Barclays PLC** <br>4.476% due 11/11/2029 •  | $3900 | 3922 |
| **HSBC Holdings PLC**  |  |  |
| 3.973% due 05/22/2030 •  | 1900 | 1877 |
| 4.041% due 03/13/2028 •  | 900 | 899 |
| **Nationwide Building Society**  |  |  |
| 5.264% due 11/10/2026  | 3200 | 3241 |
| 6.557% due 10/18/2027 •  | 2800 | 2853 |
| **NatWest Group PLC** <br>5.076% due 01/27/2030 •  | 1700 | 1738 |
| **NatWest Markets PLC** <br>4.789% due 03/21/2028 | 4100 | 4170 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 2500 | 1931 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 4.795% (SOFRINDX + 1.070%) due 09/22/2029 ~  | 6200 | 6201 |
| 6.534% due 01/10/2029 •  | 2300 | 2404 |
| **Santander U.K. PLC** <br>4.496% due 12/12/2027 | 4800 | 4862 |
| **Standard Chartered PLC**  |  |  |
| 2.608% due 01/12/2028 •  | 900 | 886 |
| 6.750% due 02/08/2028 •  | 4900 | 5037 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 5.625% due 04/15/2032  | 5300 | 6283 |
| 6.750% due 01/15/2033  | $500 | 496 |
|  |  | 46800 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.0%**  |  |  |
| **Project Alpha Investindustrial**<br>4.150% (EUR003M + 2.100%) due 02/27/2026 «~(h) | 284 | 333 |
| **Project Nova**<br>7.080% due 08/31/2026 «~ | $400 | 400 |
|  |  | 733 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.5%**  |  |  |
| **Atlas Funding PLC** <br>4.591% due 07/20/2062 •  | 2584 | 3487 |
| **Braccan Mortgage Funding PLC** <br>4.696% due 05/17/2067 •  | 3669 | 4958 |
| **Cheshire PLC** <br>0.000% due 06/28/2048 •  | 3200 | 4312 |
| **Eurohome U.K. Mortgages PLC** <br>4.050% due 06/15/2044 •  | 89 | 120 |
| **Eurosail-U.K. PLC** <br>4.851% due 06/13/2045 •  | 138 | 186 |
| **Newgate Funding PLC**  |  |  |
| 4.900% due 12/15/2050 •  | 253 | 337 |
| 5.150% due 12/15/2050 •  | 126 | 165 |
| **Resloc U.K. PLC** <br>4.060% due 12/15/2043 •  | 609 | 800 |
| **Stratton Mortgage Funding PLC**  |  |  |
| 4.641% due 06/28/2050 •  | 1044 | 1408 |
| 4.891% due 06/20/2060 •  | 4630 | 6248 |
| **Towd Point Mortgage Funding 3 PLC** <br>5.248% due 02/20/2054 •  | 2084 | 2819 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **Tower Bridge Funding PLC** <br>4.728% due 05/20/2066 •  | 2069 | 2793 |
|  |  | 27633 |
| **SOVEREIGN ISSUES 4.3%**  |  |  |
| **U.K. Gilts**  |  |  |
| 1.250% due 07/31/2051  | 3300 | 1976 |
| 4.375% due 03/07/2030  | 51900 | 71171 |
| 5.375% due 01/31/2056  | 3300 | 4581 |
|  |  | 77728 |
| Total United Kingdom (Cost $154,859) |  | 156790 |
| **UNITED STATES 73.2%**  |  |  |
| **ASSET-BACKED SECURITIES 2.1%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.746% due 08/25/2035 •  | $968 | 971 |
| **Amortizing Residential Collateral Trust** <br>4.546% due 10/25/2031 •  | 1 | 1 |
| **AMRESCO Residential Securities Corp. Mortgage Loan Trust** <br>4.786% due 06/25/2029 •  | 6 | 6 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.606% due 02/25/2036 •  | 769 | 635 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.166% due 12/25/2036 •  | 358 | 203 |
| 4.206% due 01/25/2037 •  | 1515 | 1132 |
| 4.366% due 03/25/2036 •  | 635 | 588 |
| 4.836% due 07/25/2035 •  | 1867 | 1813 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.106% due 12/25/2036 •  | 476 | 447 |
| 4.126% due 06/25/2037 •  | 345 | 324 |
| 4.126% due 06/25/2047 •  | 373 | 343 |
| 4.246% due 06/25/2037 •  | 1183 | 1214 |
| 4.586% due 08/25/2047 •  | 184 | 182 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.379% due 01/25/2032 •  | 1 | 1 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 3.961% due 07/25/2036 •  | 580 | 559 |
| 4.791% due 03/25/2035 •  | 240 | 265 |
| **GSAMP Trust**  |  |  |
| 3.401% due 11/25/2034 •  | 158 | 154 |
| 4.326% due 09/25/2036 •  | 3072 | 1066 |
| 4.346% due 05/25/2046 •  | 1213 | 1177 |
| 4.366% due 02/25/2046 •  | 38 | 36 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.326% due 06/25/2036 •  | 2828 | 958 |
| 4.596% due 10/25/2035 •  | 640 | 635 |
| **MASTR Specialized Loan Trust** <br>4.586% due 01/25/2037 •  | 794 | 312 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.506% due 07/25/2036 •  | 3074 | 2897 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.976% due 01/25/2037 •  | 1547 | 716 |
| 3.986% due 05/25/2037 •  | 1161 | 907 |
| 4.096% due 07/25/2036 •  | 119 | 108 |
| 4.326% due 06/25/2036 •  | 1187 | 598 |
| 4.776% due 02/25/2035 •  | 2866 | 2702 |
| 4.806% due 09/25/2034 •  | 845 | 910 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.076% due 04/25/2037 •  | 1095 | 566 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.419% due 09/25/2046 þ | 1560 | 316 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.281% due 03/25/2036 •  | 110 | 110 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.106% due 03/25/2037 •  | 875 | 576 |
| 4.386% due 05/25/2036 •  | 2796 | 2747 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.294% due 01/25/2037 þ  | 545 | 164 |
| 5.731% due 11/25/2036 þ  | 1934 | 611 |
| **Residential Asset Securities Corporation Trust** <br>4.096% due 11/25/2036 •  | 3697 | 3243 |
| **Saxon Asset Securities Trust** <br>4.156% due 09/25/2037 •  | 597 | 581 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.290% due 07/15/2053  | 380 | 364 |
| 4.965% due 07/15/2053 •  | 106 | 106 |
| 5.434% due 02/16/2055 •  | 919 | 929 |
| **Soundview Home Loan Trust**  |  |  |
| 4.346% due 11/25/2036 •  | 1395 | 1338 |
| 4.406% due 05/25/2036 •  | 256 | 252 |
| 4.796% due 10/25/2037 •  | 1041 | 823 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.146% due 06/25/2037 •  | 310 | 186 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.191% due 07/25/2036 •  | 853 | 498 |
| 4.526% due 01/25/2033 •  | 251 | 251 |
| 4.746% due 09/25/2034 •  | 32 | 31 |
| **Structured Asset Securities Corp.** <br>4.430% due 02/25/2035 •  | 1756 | 1908 |
| **Terwin Mortgage Trust** <br>4.786% due 11/25/2033 •  | 24 | 22 |
|  |  | 37482 |
| **CORPORATE BONDS & NOTES 5.1%**  |  |  |
| **Bank of America Corp.**  |  |  |
| 5.468% due 01/23/2035 •  | 1500 | 1563 |
| 5.511% due 01/24/2036 •  | 1500 | 1565 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 17200 | 18187 |
| **Boeing Co.** <br>6.298% due 05/01/2029 | 1000 | 1062 |
| **British Airways Pass-Through Trust** <br>3.350% due 12/15/2030 | 1058 | 1030 |
| **Citigroup, Inc.** <br>2.125% due 09/10/2026 | 5600 | 6584 |
| **CommonSpirit Health** <br>4.975% due 09/01/2035 | $3200 | 3164 |
| **Credit Suisse AG AT1 Claim**  | 1700 | 501 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 200 | 180 |
| **F&G Global Funding** <br>5.065% (SOFRRATE + 1.325%) due 09/08/2028 ~ | 4100 | 4127 |
| **Ford Motor Credit Co. LLC** <br>3.815% due 11/02/2027 | 400 | 394 |
| **GA Global Funding Trust** <br>2.250% due 01/06/2027 | 600 | 589 |
| **GLP Capital LP/GLP Financing II, Inc.** <br>5.300% due 01/15/2029 | 700 | 713 |
| **Goldman Sachs Group, Inc.** <br>5.536% due 01/28/2036 •  | 3200 | 3323 |
| **HPS Corporate Lending Fund** <br>4.900% due 09/11/2028 | 4000 | 3980 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.505% due 10/22/2028 •  | 3200 | 3232 |
| 5.040% due 01/23/2028 •  | 2900 | 2931 |
| 5.140% due 01/24/2031 •  | 3100 | 3205 |
| **Kraton Corp.** <br>5.000% due 07/15/2027 | 2300 | 2336 |
| **Lehman Brothers Holdings, Inc.** <br>1.000% due 05/27/2049 ^(c) | 1200 | 0 |
| **Morgan Stanley**  |  |  |
| 0.406% due 10/29/2027 •  | 4300 | 4975 |
| 3.955% due 03/21/2035 •  | 2100 | 2505 |
| 5.164% due 04/20/2029 •  | $2300 | 2353 |
| **Morgan Stanley Private Bank NA** <br>4.754% (SOFRRATE + 0.770%) due 07/06/2028 ~ | 3900 | 3909 |
| **ONEOK, Inc.** <br>4.250% due 09/24/2027 | 1900 | 1907 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 100 | 97 |
| 4.000% due 12/01/2046  | 100 | 75 |
| 4.250% due 03/15/2046  | 100 | 79 |
| 4.300% due 03/15/2045  | 100 | 80 |
| 4.550% due 07/01/2030  | 500 | 498 |
| **PacifiCorp** <br>5.100% due 02/15/2029 | 1100 | 1123 |
| **Philip Morris International, Inc.**  |  |  |
| 4.875% due 02/13/2029  | 1000 | 1024 |
| 5.125% due 02/13/2031  | 1000 | 1037 |
| **Wells Fargo & Co.**  |  |  |
| 4.078% due 09/15/2029 •  | 4100 | 4097 |
| 4.603% (SOFRRATE + 0.880%) due 09/15/2029 ~  | 4000 | 4005 |
| 5.211% due 12/03/2035 •  | 3100 | 3168 |
| 5.244% due 01/24/2031 •  | 1200 | 1243 |
| 5.499% due 01/23/2035 •  | 1700 | 1775 |
|  |  | 92616 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% due 10/21/2026 «~(h) | 324 | 324 |
| **Dorchester LLC**<br>4.349% (EUR003M + 2.300%) due 01/04/2027 «~(h) | 700 | 823 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% due 03/26/2026 «~(h) | $500 | 500 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 600 | 605 |
|  |  | 2252 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010** <br>6.655% due 04/01/2057 | 369 | 402 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 419 | 430 |
|  |  | 832 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 4.1%**  |  |  |
| **American Home Mortgage Assets Trust** <br>4.036% due 05/25/2046 •  | 67 | 61 |
| **American Home Mortgage Investment Trust** <br>6.500% due 03/25/2047 þ | 823 | 489 |
| **Banc of America Mortgage Trust** <br>5.316% due 06/25/2035 ~ | 17 | 15 |
| **Barclays Mortgage Loan Trust** <br>5.640% due 05/25/2065 ~ | 9989 | 10063 |
| **Bayview MSR Opportunity Master Fund Trust** <br>3.000% due 11/25/2051 ~ | 1563 | 1368 |
| **BCAP LLC Trust** <br>4.727% due 01/26/2047 •  | 6 | 6 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.159% due 08/25/2036 ~  | 81 | 36 |
| 4.166% due 02/25/2034 •  | 10 | 9 |
| 4.668% due 11/25/2035 ~  | 116 | 88 |
| 5.406% due 05/25/2035 ~  | 2 | 2 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.000% due 05/25/2034 ~  | 1 | 1 |
| 4.050% due 09/25/2034 ~  | 13 | 12 |
| 4.203% due 05/25/2047 ~  | 45 | 40 |
| 5.014% due 08/25/2033 ~  | 1 | 1 |
| 5.717% due 11/25/2034 ~  | 1 | 1 |
| 5.741% due 10/25/2033 ~  | 1 | 1 |
| 6.811% due 05/25/2034 ~  | 2 | 2 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 21 | 15 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2063 ~  | 932 | 845 |
| 3.250% due 09/25/2063 ~  | 926 | 837 |
| 3.375% due 04/25/2065 ~  | 3076 | 2786 |
| **Chase Mortgage Finance Trust** <br>4.927% due 07/25/2037 ~ | 32 | 25 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>3.996% due 01/25/2036 •  | 357 | 347 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.246% due 04/25/2046 •  | 124 | 114 |
| 4.386% due 04/25/2046 •  | 3246 | 930 |
| 4.606% due 09/25/2034 •  | 5 | 4 |
| 6.000% due 07/25/2036  | 704 | 329 |
| **CHL Reperforming Loan Trust REMICS** <br>4.186% due 06/25/2035 •  | 19 | 18 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 2.500% due 05/25/2051 ~  | 1251 | 1048 |
| 4.349% due 08/25/2036 •  | 4881 | 1944 |
| 4.457% due 09/25/2037 ~  | 46 | 43 |
| 4.829% due 08/25/2035 ~  | 262 | 243 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.196% due 05/25/2037 •  | 77 | 23 |
| 4.266% due 07/25/2046 •  | 632 | 589 |
| 4.268% due 07/20/2046 •  | 60 | 52 |
| 4.406% due 02/25/2037 •  | 92 | 77 |
| 4.506% due 09/25/2035 •  | 154 | 113 |
| 4.671% due 11/25/2035 ~  | 54 | 50 |
| 4.735% due 02/25/2037 ~  | 13 | 12 |
| 5.250% due 06/25/2035  | 5 | 4 |
| 5.279% due 11/25/2047 •  | 263 | 238 |
| 5.529% due 11/25/2035 •  | 10 | 9 |
| 6.069% due 11/25/2035 •  | 3 | 3 |
| 6.250% due 12/25/2036  | 2201 | 880 |
| 6.250% due 08/25/2037  | 16 | 7 |
| 6.500% due 06/25/2036  | 38 | 17 |
| **Cross Mortgage Trust** <br>5.549% due 12/25/2069 ~ | 2558 | 2579 |
| **CSMC Mortgage-Backed Trust** <br>6.079% due 04/25/2037 þ | 126 | 35 |
| **CSMC Trust** <br>2.500% due 07/25/2056 ~ | 270 | 227 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.126% due 07/25/2047 •  | 225 | 214 |
| **Ellington Financial Mortgage Trust** <br>5.596% due 06/25/2070 ~ | 4318 | 4361 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| **GreenPoint Mortgage Funding Trust** <br>4.386% due 11/25/2045 •  | 3 | 3 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 365 | 306 |
| 3.000% due 09/25/2052 ~  | 3472 | 3044 |
| **GSC Capital Corp. Mortgage Trust** <br>4.206% due 05/25/2036 •  | 655 | 644 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 01/25/2036 •  | 1235 | 1000 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.410% due 06/25/2034 ~  | 3 | 3 |
| 5.880% due 03/25/2033 •  | 1 | 1 |
| 6.449% due 01/25/2035 ~  | 3 | 3 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.528% due 06/20/2035 •  | 9 | 8 |
| 4.879% due 12/19/2036 •  | 36 | 34 |
| **Impac CMB Trust** <br>4.566% due 10/25/2034 •  | 29 | 29 |
| **IndyMac INDX Mortgage Loan Trust** <br>3.983% due 09/25/2035 ~ | 28 | 23 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 3142 | 2749 |
| 3.000% due 03/25/2052 ~  | 3120 | 2738 |
| 3.000% due 04/25/2052 ~  | 2979 | 2618 |
| 3.000% due 05/25/2052 ~  | 3967 | 3484 |
| 5.567% due 10/25/2035 ~  | 3 | 2 |
| 5.869% due 11/25/2033 ~  | 1 | 1 |
| 6.000% due 06/25/2037  | 1390 | 528 |
| **JP Morgan Seasoned Mortgage Trust** <br>4.377% due 01/25/2063 ~ | 2691 | 2592 |
| **Lehman XS Trust** <br>4.256% due 08/25/2046 •  | 985 | 907 |
| **Luminent Mortgage Trust** <br>4.226% due 05/25/2046 •  | 845 | 752 |
| **Manhattan West Mortgage Trust** <br>2.130% due 09/10/2039 | 2000 | 1925 |
| **MASTR Alternative Loan Trust**  |  |  |
| 4.246% due 03/25/2036 •  | 43 | 4 |
| 6.000% due 02/25/2036  | 498 | 205 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.348% due 02/25/2036 ~  | 24 | 23 |
| 6.041% due 02/25/2033 ~  | 1 | 1 |
| 7.000% due 05/25/2033 ~  | 4 | 4 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.201% due 02/25/2047 þ | 140 | 47 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 867 | 842 |
| 2.750% due 11/25/2059 ~  | 703 | 680 |
| **NYO Commercial Mortgage Trust** <br>4.960% due 11/15/2038 •  | 2300 | 2298 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 451 | 395 |
| 4.496% due 06/25/2057 •  | 173 | 170 |
| 6.465% due 10/25/2063 þ  | 1176 | 1187 |
| 7.159% due 10/25/2063 þ  | 1372 | 1390 |
| **PMT Loan Trust** <br>2.500% due 07/25/2051 ~ | 1628 | 1363 |
| **RALI Trust**  |  |  |
| 4.206% due 06/25/2046 •  | 272 | 56 |
| 5.007% due 10/25/2037 ~  | 245 | 195 |
| 5.529% due 08/25/2035 •  | 100 | 78 |
| 6.250% due 02/25/2037  | 1019 | 852 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 01/25/2046 •  | 46 | 13 |
| 5.750% due 02/25/2036  | 707 | 487 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.248% due 07/20/2036 •  | 42 | 37 |
| 4.548% due 07/20/2033 •  | 7 | 8 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.473% due 08/25/2035 ~  | 44 | 38 |
| 4.780% due 09/25/2035 ~  | 32 | 28 |
| 6.298% due 02/25/2034 ~  | 1 | 1 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 3.966% due 08/25/2036 •  | 565 | 508 |
| 4.266% due 05/25/2036 •  | 24 | 17 |
| 4.286% due 05/25/2036 •  | 63 | 53 |
| 4.286% due 09/25/2047 •  | 102 | 93 |
| 4.426% due 07/19/2034 •  | 1 | 1 |
| **Structured Asset Securities Corp.** <br>4.126% due 01/25/2036 •  | 951 | 799 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.136% due 10/25/2036 •  | 487 | 410 |
| **TBW Mortgage-Backed Trust** <br>6.130% due 01/25/2037 þ | 143 | 33 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 5.096% due 06/25/2037 •  | 38 | 36 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| 5.363% due 06/25/2037 •  | 87 | 75 |
| 5.413% due 06/25/2047 •  | 19 | 18 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 807 | 742 |
| 2.710% due 01/25/2060 ~  | 515 | 499 |
| 2.900% due 10/25/2059 ~  | 2801 | 2705 |
| **Verus Securitization Trust** <br>7.070% due 10/25/2068 þ | 993 | 1006 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.150% due 09/25/2036 ~  | 104 | 90 |
| 4.171% due 02/27/2034 •  | 3 | 3 |
| 4.271% due 12/25/2036 ~  | 239 | 220 |
| 4.369% due 12/25/2035 ~  | 78 | 71 |
| 4.426% due 07/25/2045 •  | 242 | 233 |
| 4.466% due 01/25/2045 •  | 4 | 4 |
| 4.566% due 10/25/2045 •  | 281 | 273 |
| 5.731% due 06/25/2033 ~  | 1 | 1 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.969% due 07/25/2046 •  | 28 | 17 |
| 6.500% due 03/25/2036  | 1183 | 797 |
| **Wells Fargo Alternative Loan Trust**  |  |  |
| 5.750% due 07/25/2037  | 38 | 34 |
| 6.000% due 06/25/2037  | 64 | 59 |
|  |  | 73806 |
| **U.S. GOVERNMENT AGENCIES 53.1%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 02/01/2051 | 515 | 437 |
| 3.500% due 10/01/2039 | 155 | 149 |
| 5.500% due 06/01/2053 - 08/01/2053 | 4283 | 4353 |
| 6.000% due 12/01/2053 - 06/01/2054 | 5105 | 5255 |
| 6.500% due 09/01/2053 - 05/01/2055 | 90961 | 94623 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.733% due 01/15/2038 ~(a) | 125 | 6 |
| 4.673% due 01/15/2038 •  | 125 | 123 |
| 4.698% due 12/15/2037 •  | 4 | 4 |
| 4.814% due 11/25/2054 •  | 5759 | 5783 |
| 4.824% due 03/25/2055 •  | 2780 | 2804 |
| 4.874% due 02/25/2055 •  | 2452 | 2466 |
| 4.974% due 07/25/2055 •  | 2819 | 2830 |
| 5.274% due 03/25/2055 •  | 3784 | 3819 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>5.229% due 10/25/2044 •  | 27 | 25 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 10/01/2049 - 03/01/2060 | 2209 | 1954 |
| 3.500% due 10/01/2034 - 01/01/2059 | 2863 | 2655 |
| 4.000% due 06/01/2048 - 07/01/2053 | 4785 | 4569 |
| 5.500% due 06/01/2053 - 07/01/2053 | 5686 | 5785 |
| 5.756% due 12/01/2034 •  | 4 | 5 |
| 6.000% due 06/01/2054 - 08/01/2054 | 8737 | 8977 |
| 6.346% due 11/01/2034 •  | 8 | 8 |
| 6.500% due 10/01/2053 - 06/01/2055 | 82540 | 85849 |
| **Federal National Mortgage Association Grantor Trust**<br>6.000% due 02/25/2044 | 6 | 6 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.389% due 06/25/2036 •  | 9 | 9 |
| 4.974% due 07/25/2055 •  | 2189 | 2198 |
| 6.000% due 04/25/2043 | 6 | 6 |
| 6.500% due 11/25/2042 | 42 | 42 |
| **Federal National Mortgage Association REMICS Trust**<br>6.000% due 07/25/2044 | 26 | 28 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 01/20/2052 - 04/20/2052 | 4013 | 3615 |
| 3.500% due 05/20/2052 - 04/20/2055 | 113406 | 103675 |
| 5.625% due 05/20/2028 - 06/20/2030 •  | 5 | 6 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/20/2046 - 05/20/2047 | 12 | 12 |
| 4.964% due 07/20/2066 - 11/20/2066 •  | 890 | 895 |
| 6.000% due 08/20/2034 | 114 | 115 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 01/01/2056 - 02/01/2056 | 5100 | 4399 |
| 3.000% due 01/01/2056 | 44100 | 39633 |
| 6.500% due 02/01/2056 | 54400 | 56179 |
| **U.S. Small Business Administration**<br>5.600% due 09/01/2028 | 19 | 19 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.000% due 01/01/2056 | 13500 | 10915 |
| 3.000% due 02/01/2056 | 13100 | 11580 |
| 5.000% due 02/01/2056 | 309600 | 308475 |
| 6.000% due 02/01/2056 - 03/01/2056 | 129300 | 132706 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
| 6.500% due 02/01/2056 | 56700 | 58940 |
|  |  | 965932 |
| **U.S. TREASURY OBLIGATIONS 8.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 (n) | 500 | 325 |
| 2.000% due 08/15/2051 (n) | 200 | 115 |
| 2.250% due 08/15/2049 (l) | 4425 | 2776 |
| 2.375% due 11/15/2049 (l) | 1575 | 1012 |
| 3.000% due 02/15/2048 (l)(n) | 3800 | 2829 |
| 3.000% due 08/15/2048 (l)(n) | 1325 | 982 |
| 3.375% due 11/15/2048 (l)(n) | 14500 | 11477 |
| 4.125% due 08/15/2044 (l)(n) | 39575 | 36333 |
| 4.500% due 11/15/2054 | 42500 | 40099 |
| 4.625% due 02/15/2055 (l)(n) | 24300 | 23413 |
| 4.875% due 08/15/2045 (n) | 542 | 547 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 2.500% due 01/15/2029 (l) | 3640 | 3758 |
| 3.875% due 04/15/2029 (l) | 2971 | 3201 |
| 0.125% due 07/15/2031 (l) | 3888 | 3603 |
| 0.125% due 01/15/2032 (l) | 1997 | 1825 |
| 0.375% due 07/15/2027 (l) | 4925 | 4869 |
| 0.500% due 01/15/2028 (l) | 5412 | 5318 |
| 0.625% due 07/15/2032 (l) | 560 | 526 |
| 1.125% due 01/15/2033 (l) | 8089 | 7764 |
| **U.S. Treasury Notes**  |  |  |
| 3.500% due 02/15/2033 (n) | 800 | 778 |
| 4.000% due 02/15/2034 (l)(n) | 4300 | 4287 |
| 4.250% due 05/15/2035 (l)(n) | 700 | 706 |
| 4.250% due 08/15/2035 (n) | 800 | 806 |
|  |  | 157349 |
| Total United States (Cost $1,342,271) |  | 1330269 |
| **SHORT-TERM INSTRUMENTS 3.6%**  |  |  |
| **COMMERCIAL PAPER 1.6%**  |  |  |
| **Air Lease Corp.** <br>4.220% due 01/12/2026 | $1900 | 1897 |
| **AMETEK, Inc.** <br>4.150% due 01/12/2026 | 400 | 400 |
| **Bacardi-Martini BV** <br>4.350% due 01/29/2026 | 800 | 797 |
| **Crown Castle, Inc.**  |  |  |
| 4.150% due 01/20/2026  | 10650 | 10625 |
| 4.150% due 01/21/2026  | 2700 | 2693 |
| **Edison International** <br>4.550% due 01/05/2026 | 250 | 250 |
| **Enbridge U.S., Inc.**  |  |  |
| 4.040% due 01/02/2026  | 1100 | 1100 |
| 4.040% due 01/07/2026  | 2550 | 2548 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>4.550% due 01/13/2026 | 850 | 849 |
| **Jabil, Inc.**  |  |  |
| 4.130% due 01/07/2026  | 1950 | 1948 |
| 4.150% due 01/07/2026  | 1700 | 1699 |
| 4.150% due 01/12/2026  | 350 | 349 |
| 4.150% due 01/13/2026  | 1700 | 1697 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 4.260% due 01/05/2026  | 450 | 450 |
| 4.270% due 01/14/2026  | 1900 | 1897 |
| **Southern California Edison Co.** <br>4.550% due 01/05/2026 | 800 | 800 |
|  |  | 29999 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (g) | 621864 | 622 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 174 | 221 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (i) 0.5%** |  | 9716 |
| **NIGERIA TREASURY BILLS 0.5%**  |  |  |
| 31.832% due 06/11/2026 - 06/29/2026 (d)(e) | 14667182 | 9240 |
| **SOUTH AFRICA TREASURY BILLS 0.8%**  |  |  |
| 7.387% due 04/22/2026 - 08/05/2026 (d)(e) | 237280 | 13896 |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 3.655% due 03/31/2026 - 04/21/2026 (d)(e)(n) | $3480 | 3446 |
| Total Short-Term Instruments (Cost $65,534) |  | 66919 |
| Total Investments in Securities (Cost $2,348,056) |  | 2362407 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 4.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 4.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 8514422 | 82939 |
| Total Short-Term Instruments (Cost $82,922) |  | 82939 |
| Total Investments in Affiliates (Cost $82,922) |  | 82939 |
| Total Investments 134.5% (Cost $2,430,978) |  | $2445346 |
| **Financial Derivative Instruments (k)(m) (0.5)**%(Cost or Premiums, net $35,232) |  | (9788) |
| Other Assets and Liabilities, net (34.0)% |  | (618144) |
| Net Assets 100.0% |  | $1817414 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 26 | 51 | 59 | 82 | 145 | 161 | 165 | 187 | 194 | 221 | 230 | 237 | 244 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC | Alfa-Bank CJSC | Alfa-Bank CJSC | 6.330 | 10/21/2026 | 10/27/2025 | 324 | 324 | 324 | $ | 324 | 324 | 0.02 | % |
| Dorchester LLC | Dorchester LLC | Dorchester LLC | 4.349 | 01/04/2027 | 12/10/2027 | 818 | 818 | 818 |  | 823 | 823 | 0.04 |  |
| Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | 6.026 | 03/26/2026 | 03/18/2025 | 500 | 500 | 500 |  | 500 | 500 | 0.03 |  |
| Project Alpha Investindustrial | Project Alpha Investindustrial | Project Alpha Investindustrial | 4.150 | 02/27/2026 | 02/28/2025 | 294 | 294 | 294 |  | 333 | 333 | 0.02 |  |
| Project Fenno | Project Fenno | Project Fenno | 0.000 | 07/10/2028 | 07/16/2025 | 1316 | 1316 | 1316 |  | 1340 | 1340 | 0.07 |  |
|  |  |  |  |  | $ | 3252 | 3252 | $ | $ | 3320 | 0.18%  | 0.18%  | 0.18%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(i)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BRC | TBD<sup>(2)</sup> | 3494 | 3494 | &nbsp;&nbsp; France Government International Bonds 3.000% due 06/25/2049 | &nbsp;&nbsp; France Government International Bonds 3.000% due 06/25/2049 | &nbsp;&nbsp; France Government International Bonds 3.000% due 06/25/2049 | &nbsp;&nbsp; France Government International Bonds 3.000% due 06/25/2049 | (3971) | (3971) | 4107 | $ | $4146 | 4146 |
| MYI | TBD<sup>(2)</sup> | 4773 | 4773 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (5425) | (5425) | 5609 |  | 5662 | 5662 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(9396)** | **(9396)** | **9716** | **$** | $**9808** | **9808** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| MBC | MBC | 3.550%  | 3.550%  | 3.550%  | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | $ | (193) | (193) | (194) | (194) | (194) | (194) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | **(194)** | **(194)** | **(194)** | **(194)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales | Payable for<br>Short Sales |
| France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% | France (0.5)% |
| &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** | &nbsp;&nbsp;&nbsp; **Sovereign Issues (0.5)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | 06/25/2049 | EUR | 9700 | 9700 | $ | (9693) | $ | $(9424) | (9424) |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 85 | 101 | 108 | 109 | 130 | 144 | 179 | 183 | 205 | 219 | 237 |
|  | Total France | Total France | Total France | Total France | Total France |  |  |  |  | (9693) | (9693) | (9424) |
| United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% | United States (9.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (9.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.500% | 02/01/2056 | 02/01/2056 | 30500 | 30500 | (27681) | (27681) | (27757) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | 2.000 | 01/01/2056 | 01/01/2056 | 5500 | 5500 | 4470 | 4470 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA | 2.000 | 01/01/2056 | 01/01/2056 | 13.500 | 13.500 | (26402) | (26402) | (26279) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2041 | 01/01/2041 | 16700 | 16700 | (15405) | (15405) | (15466) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2056 | 01/01/2056 | 6000 | 6000 | (4870) | (4870) | (4852) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 02/01/2056 | 02/01/2056 | 107000 | 107000 | (86730) | (86730) | (86498) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 01/01/2056 | 01/01/2056 | 3200 | 3200 | (2717) | (2717) | (2706) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 02/01/2056 | 02/01/2056 | 7400 | 7400 | (6819) | (6819) | (6819) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 02/01/2056 | 02/01/2056 | 3950 | 3950 | (3749) | (3749) | (3745) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 01/01/2056 | 01/01/2056 | 1700 | 1700 | (1653) | (1653) | (1660) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 02/01/2056 | 02/01/2056 | 5300 | 5300 | (5355) | (5355) | (5369) |
|  | Total United States | Total United States | Total United States | Total United States | Total United States |  |  |  |  | (176911) | (176911) | (181151) |
| **Total Short Sales (9.6)%** | **Total Short Sales (9.6)%** | **Total Short Sales (9.6)%** | **Total Short Sales (9.6)%** | **Total Short Sales (9.6)%** |  |  |  |  |  | $**(186604)** | **(186604)** | $**(190575)** |
| **(j)** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $207 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(960) at a weighted average interest rate of 3.725%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 111 | 111 | (19) | (19) | $ | (17) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 111 | 111 | (21) | (21) |  | (9) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(40)** | **(40)** | **$** | **(26)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | 87 | $6096 | 6096 | 6096 | 6096 | $1 | 1 | $ | 2 | 2 | (2) |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 623 | 87990 | 87990 | 87990 | 87990 | (359) | (359) |  | 0 | 0 | (264) |
| Long Guilt March Futures  | Long Guilt March Futures  | 948 | 116758 | 116758 | 116758 | 116758 | 1031 | 1031 |  | 204 | 204 | (89) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 1414 | 154557 | 154557 | 154557 | 154557 | (331) | (331) |  | 0 | 0 | (166) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 495 | 55657 | 55657 | 55657 | 55657 | (93) | (93) |  | 0 | 0 | (100) |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 15 | 1734 | 1734 | 1734 | 1734 | (14) | (14) |  | 0 | 0 | (3) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 832 | 95693 | 95693 | 95693 | 95693 | (591) | (591) |  | 0 | 0 | (156) |
|  |  |  |  |  |  |  | (356) | $ | $ | 206 | $ | (780) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 1318 | $(96299) | (96299) | (96299) | (96299) | $(183) | (183) | $ | 0 | 0 | (110) |
| Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | 381 | (31448) | (31448) | (31448) | (31448) | 208 | 208 |  | 55 | 55 | 0 |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 88 | (7752) | (7752) | (7752) | (7752) | 85 | 85 |  | 19 | 19 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 561 | (76583) | (76583) | (76583) | (76583) | 567 | 567 |  | 53 | 53 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 671 | (100596) | (100596) | (100596) | (100596) | 1342 | 1342 |  | 181 | 181 | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 12 | (1553) | (1553) | (1553) | (1553) | 25 | 25 |  | 5 | 5 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | 1049 | (148662) | (148662) | (148662) | (148662) | 1544 | 1544 |  | 357 | 357 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | 1410 | (176954) | (176954) | (176954) | (176954) | 258 | 258 |  | 17 | 17 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 302 | (255285) | (255285) | (255285) | (255285) | 1736 | 1736 |  | 559 | 559 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 226 | (26668) | (26668) | (26668) | (26668) | 488 | 488 |  | 85 | 85 | 0 |
|  |  |  |  |  |  |  | 6070 | $ | $ | 1331 | $ | (110) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **5714** | **$** | **$** | **1537** | **$** | **(890)** |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 6 | 16 | 18 | 25 | 27 | 36 | 39 | 40 | 60 | 62 | 68 | 72 | 106 | 126 | 138 | 162 | 196 | 208 | 225 | 239 |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| Deutsche Bank  | Deutsche Bank  | 1.000% | Quarterly | Quarterly | 12/20/2032 | 12/20/2032 | 12/20/2032 | 1.011 | 1.011 | % | % | EUR | 1000 | (7) | $ | 6 | $ | (1) | 1 | $ | 0 |
| Ford Motor Credit Co. LLC  | Ford Motor Credit Co. LLC  | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.432 | 0.432 |  |  | $ | $300 | 1 |  | 7 |  | 8 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6) | $ | 13 | $ | 7 | 1 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | 12/20/2035 | $ | $ | $122750 | 122750 | (936) | $ | (132) | $ | (1068) | 0 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | $ | $ | $198510 | 198510 | 3846 | $ | 666 | $ | 4512 | 2 | $ | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 1046950 | 1046950 | 22714 |  | 1314 |  | 24028 | 15 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 26560 | $ | 1980 | $ | 28540 | 17 | $ | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.000% | 3.000% | Annual | Annual | Annual | 06/17/2027 | 06/17/2027 | GBP | GBP | 79800 | $(419) | (419) | $(963) | (963) | (1382) | $0 | 0 | $(1) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | Annual | 09/17/2027 | 09/17/2027 |  |  | 3800 | 22 | 22 | (15) | (15) | 7 | 0 | 0 | 0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | Annual | 03/17/2028 | 03/17/2028 |  |  | 156200 | 488 | 488 | 1640 | 1640 | 2128 | 48 | 48 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750 | 3.750 | Annual | Annual | Annual | 09/17/2030 | 09/17/2030 |  |  | 5400 | 15 | 15 | 15 | 15 | 30 | 6 | 6 | 0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750 | 3.750 | Annual | Annual | Annual | 03/18/2031 | 03/18/2031 |  |  | 111000 | 231 | 231 | 353 | 353 | 584 | 139 | 139 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | Annual | 09/17/2035 | 09/17/2035 |  |  | 3100 | 17 | 17 | (25) | (25) | (8) | 0 | 0 | (4) |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | Annual | 03/18/2036 | 03/18/2036 |  |  | 46800 | (229) | (229) | 305 | 305 | 76 | 0 | 0 | (68) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | Annual | 09/17/2055 | 09/17/2055 |  |  | 2710 | 125 | 125 | (156) | (156) | (31) | 0 | 0 | (7) |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | Annual | 03/18/2056 | 03/18/2056 |  |  | 6300 | 102 | 102 | (152) | (152) | (50) | 0 | 0 | (17) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | 0.750 | Annual | Annual | Annual | 03/19/2030 | 03/19/2030 | JPY | JPY | 830000 | (36) | (36) | (101) | (101) | (137) | 0 | 0 | (7) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 06/18/2030 | 06/18/2030 |  |  | 930000 | 59 | 59 | (160) | (160) | (101) | 0 | 0 | (8) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | Annual | 12/17/2030 | 12/17/2030 |  |  | 10390000 | (63) | (63) | (723) | (723) | (786) | 0 | 0 | (108) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 03/19/2032 | 03/19/2032 |  |  | 8080000 | (144) | (144) | (1456) | (1456) | (1600) | 0 | 0 | (94) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 09/18/2034 | 09/18/2034 |  |  | 5322900 | (112) | (112) | (1987) | (1987) | (2099) | 0 | 0 | (73) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 12/18/2034 | 12/18/2034 |  |  | 200000 | 7 | 7 | (92) | (92) | (85) | 0 | 0 | (3) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | Annual | 03/19/2035 | 03/19/2035 |  |  | 5820000 | (572) | (572) | (1855) | (1855) | (2427) | 0 | 0 | (79) |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 40 | 70 | 106 | 138 | 170 | 208 | 239 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 | 7070150 | (469) | (1870) | (2339) | 0 | (96) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/17/2035 | 290000 | (4) | (59) | (63) | 0 | (4) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | Semi-Annual | 06/19/2039 | 1830000 | 25 | 2465 | 2490 | 28 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/19/2044 | 1263500 | (512) | (1257) | (1769) | 0 | (15) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | Annual | 12/15/2051 | 90000 | 67 | 187 | 254 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.800 | Annual | 06/15/2052 | 145700 | 51 | 303 | 354 | 2 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 09/18/2054 | 340000 | 19 | 556 | 575 | 7 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 | 2260000 | 476 | 518 | 994 | 57 | 0 |
| Receive<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.250 | Semi-Annual | 03/18/2027 | 102400 | 116 | 7 | 123 | 0 | (34) |
| Receive<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | Semi-Annual | 03/18/2031 | 76032 | 1053 | 236 | 1289 | 0 | (168) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.020 | Annual | 05/15/2026 | $10300 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | 44600 | 144 | (159) | (15) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | 12200 | 0 | (12) | (12) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.965 | Annual | 11/30/2026 | 28500 | 0 | 153 | 153 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 29400 | 100 | (183) | (83) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2027 | 211950 | 2656 | 533 | 3189 | 68 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 49900 | 214 | 86 | 300 | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.981 | Annual | 11/30/2027 | 16200 | 0 | 200 | 200 | 0 | (8) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 1800 | (7) | (1) | (8) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2030 | 12900 | 472 | (131) | 341 | 18 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 15103 | 3 | 61 | 64 | 22 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 19680 | 19 | 0 | 19 | 28 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 121600 | 1651 | (30) | 1621 | 0 | (197) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 700 | (1) | 0 | (1) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 10940 | (1002) | (292) | (1294) | 0 | (20) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.100 | Annual | 11/15/2032 | 58000 | (230) | (1560) | (1790) | 0 | (106) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 | 1800 | (7) | 75 | 68 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 1750 | (6) | (5) | (11) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 3650 | (12) | (12) | (24) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 1800 | (5) | (12) | (17) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 3800 | (10) | (34) | (44) | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 22700 | 888 | 162 | 1050 | 51 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 3700 | 7 | 31 | 38 | 8 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 3800 | (3) | 24 | 21 | 9 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 6372 | 16 | 12 | 28 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 29000 | (554) | 644 | 90 | 67 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 70920 | (501) | 745 | 244 | 165 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 800 | (13) | 0 | (13) | 2 | 0 |

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------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 40 | 62 | 70 | 106 | 138 | 170 | 208 | 239 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 |  | 200 | 1 | 15 | 16 | 1 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 |  | 9300 | 130 | 130 | 260 | 31 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 |  | 8528 | 63 | 85 | 148 | 29 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 |  | 13170 | 1651 | 375 | 2026 | 41 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.955 | Annual | 11/15/2054 |  | 1900 | 0 | 69 | 69 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2054 |  | 5200 | 0 | 150 | 150 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.111 | Annual | 11/15/2054 |  | 8030 | 0 | 76 | 76 | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.117 | Annual | 11/15/2054 |  | 3400 | 0 | 29 | 29 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 11/15/2054 |  | 5270 | 0 | 34 | 34 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | 02/15/2055 |  | 9900 | 0 | 721 | 721 | 33 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.804 | Annual | 02/15/2055 |  | 2400 | 0 | 158 | 158 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 2400 | 0 | 157 | 157 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.861 | Annual | 02/15/2055 |  | 2900 | 0 | 161 | 161 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.773 | Annual | 03/04/2055 |  | 5000 | 0 | 358 | 358 | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 1450 | 153 | 85 | 238 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 2119 | 8 | 81 | 89 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 1419 | (25) | 51 | 26 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 2657 | (1) | 98 | 97 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 3800 | 355 | 83 | 438 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 914 | (10) | 35 | 25 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 56500 | 3546 | 453 | 3999 | 185 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 100 | 2 | 1 | 3 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.970 | Maturity | 01/02/2029 | BRL | 222400 | 0 | (189) | (189) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.268 | Maturity | 01/02/2029 |  | 270000 | 0 | 117 | 117 | 0 | (2) |
| Pay<sup>(6)</sup> | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 517580 | 4 | (20) | (16) | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month NZD-BBR | 2.500 | Semi-Annual | 03/12/2028 | NZD | 53600 | 19 | 294 | 313 | 0 | (41) |
| Receive<sup>(6)</sup> | 3-Month NZD-BBR | 3.000 | Semi-Annual | 03/18/2028 |  | 112100 | 44 | 2 | 46 | 0 | (85) |
| Receive<sup>(6)</sup> | 3-Month NZD-BBR | 3.500 | Semi-Annual | 03/18/2031 |  | 72400 | (570) | 828 | 258 | 0 | (178) |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 149400 | (15) | (33) | (48) | 0 | (10) |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 44100 | 0 | 3 | 3 | 0 | (3) |
| Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | AUD | 7400 | (124) | (43) | (167) | 0 | (1) |
| Pay<sup>(6)</sup> | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 |  | 363000 | (3507) | (7491) | (10998) | 0 | (202) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2035 |  | 9100 | (4) | (211) | (215) | 0 | (12) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/19/2035 |  | 28100 | 93 | (390) | (297) | 0 | (37) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 3800 | 21 | (72) | (51) | 0 | (5) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 |  | 83300 | 514 | (2683) | (2169) | 0 | (110) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/17/2035 |  | 16900 | 267 | (476) | (209) | 0 | (22) |
| Pay<sup>(6)</sup> | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/18/2036 |  | 34400 | (103) | (934) | (1037) | 0 | (42) |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 | CZK | 812800 | 14 | 74 | 88 | 46 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 |  | 241300 | 0 | 10 | 10 | 14 | 0 |
| Pay | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/19/2027 | EUR | 38050 | 145 | 1055 | 1200 | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 0.700 | Annual | 04/11/2027 |  | 1300 | (2) | (26) | (28) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 04/12/2027 |  | 2300 | (3) | (49) | (52) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 05/11/2027 |  | 1600 | (3) | (34) | (37) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/13/2027 |  | 2800 | (3) | (39) | (42) | 0 | 0 |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 |  | 1300 | (1) | (19) | (20) | 0 | 0 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 15 | 18 | 27 | 38 | 56 | 62 | 94 | 104 | 111 | 136 | 152 | 168 | 170 | 206 | 208 | 222 | 237 | 239 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.000 | Annual | Annual | 03/18/2028 |  | 179400 |  | (649) |  | (612) |  | (1261) |  | 0 | 0 |  | (17) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.795 | Annual | Annual | 10/11/2029 |  | 8300 |  | 0 |  | (150) |  | (150) |  | 0 | 0 |  | (6) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.923 | Annual | Annual | 10/11/2029 |  | 19700 |  | 0 |  | (242) |  | (242) |  | 0 | 0 |  | (13) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 03/18/2031 |  | 30540 |  | 128 |  | (317) |  | (189) |  | 0 | 0 |  | (24) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.550 | Annual | Annual | 06/28/2032 |  | 30250 |  | (823) |  | 344 |  | (479) |  | 0 | 0 |  | (28) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 119330 |  | (248) |  | (2274) |  | (2522) |  | 0 | 0 |  | (165) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.451 | Annual | Annual | 05/27/2050 |  | 1100 |  | (77) |  | (547) |  | (624) |  | 0 | 0 |  | (2) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.064 | Annual | Annual | 11/17/2052 |  | 300 |  | 0 |  | 207 |  | 207 |  | 1 | 1 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.213 | Annual | Annual | 03/12/2055 |  | 48200 |  | 2470 |  | 2871 |  | 5341 |  | 66 | 66 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 |  | 50620 |  | 240 |  | 2778 |  | 3018 |  | 169 | 169 |  | 0 |
| Pay | Pay | 6-Month PLN-WIBOR | 6-Month PLN-WIBOR | 2.585 | Annual | Annual | 10/14/2029 | PLN | 8600 |  | 0 |  | (100) |  | (100) |  | 2 | 2 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.898 | Annual | Annual | 06/19/2026 | CAD | 8400 |  | (1) |  | 89 |  | 88 |  | 1 | 1 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.925 | Annual | Annual | 06/19/2026 |  | 43600 |  | (1) |  | 465 |  | 464 |  | 3 | 3 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 12/18/2026 |  | 9300 |  | 36 |  | 43 |  | 79 |  | 1 | 1 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 1.250 | Semi-Annual | Semi-Annual | 06/16/2031 |  | 6700 |  | (543) |  | 150 |  | (393) |  | 0 | 0 |  | (5) |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 06/21/2053 |  | 6800 |  | 69 |  | 191 |  | 260 |  | 12 | 12 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $7392 | 7392 | $(8013) | (8013) | $(621) | (621) | $1587 | 1587 | 1587 | $(2151) | (2151) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**33010** | **33010** | $**(6152)** | **(6152)** | $**26858** | **26858** | $**1605** | **1605** | **1605** | $**(2151)** | **(2151)** |
| **(l)** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $61,657 and cash of $13,154 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $2679 | 2679 | 2679 | JPY | 416377 | 416377 | 416377 | 0 | 0 | 0 | 0 | $(19) | (19) | (19) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 397 | 397 | 397 | NZD | 708 | 708 | 708 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | AUD | 2601 | 2601 | 2601 | $ | $1719 | 1719 | 1719 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 105464 | 105464 | 105464 |  | 15074 | 15074 | 15074 | 0 | 0 | 0 | 0 | (59) | (59) | (59) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 6391 | 6391 | 6391 |  | 70 | 70 | 70 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 1790079 | 1790079 | 1790079 |  | 1230 | 1230 | 1230 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 24674 | 24674 | 24674 |  | 762 | 762 | 762 | 0 | 0 | 0 | 0 | (22) | (22) | (22) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 98603 | 98603 | 98603 |  | 3233 | 3233 | 3233 | 94 | 94 | 94 | 94 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $398 | 398 | 398 | CNY | 2813 | 2813 | 2813 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 904 | 904 | 904 | INR | 82179 | 82179 | 82179 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1990 | 1990 | 1990 | KRW | 2916656 | 2916656 | 2916656 | 33 | 33 | 33 | 33 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 5484 | 5484 | 5484 | PLN | 20065 | 20065 | 20065 | 104 | 104 | 104 | 104 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 647 | 647 | 647 | TRY | 28690 | 28690 | 28690 | 17 | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 465 | 465 | 465 | TWD | 14682 | 14682 | 14682 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1820 | 1820 | 1820 | ZAR | 30338 | 30338 | 30338 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 7395 | 7395 | 7395 | $ | $2321 | 2321 | 2321 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | KRW | 2918552 | 2918552 | 2918552 |  | 2005 | 2005 | 2005 | 0 | 0 | 0 | 0 | (19) | (19) | (19) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $306 | 306 | 306 | TRY | 13894 | 13894 | 13894 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CZK | 7164 | 7164 | 7164 | EUR | 293 | 293 | 293 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | EUR | 829 | 829 | 829 | CZK | 20331 | 20331 | 20331 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | KZT | 18846 | 18846 | 18846 | $ | $36 | 36 | 36 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 5019 | 5019 | 5019 |  | 1489 | 1489 | 1489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $1158 | 1158 | 1158 | CNY | 8165 | 8165 | 8165 | 12 | 12 | 12 | 12 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 627 | 627 | 627 | MXN | 11557 | 11557 | 11557 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 111 | 167 | 222 |
|  | 04/2026  | 19193 | $1094 | 0 | (57) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 35995 | 23398 | 0 | (626) |
|  | 01/2026  | 16901 | 3072 | 0 | (13) |
|  | 01/2026  | 837 | 1063 | 5 | 0 |
|  | 01/2026  | 195598 | 27885 | 0 | (167) |
|  | 01/2026  | 53575 | 8424 | 0 | (10) |
|  | 01/2026  | 24893 | 29287 | 35 | (14) |
|  | 01/2026  | 12235 | 3763 | 0 | (79) |
|  | 01/2026  | 196535 | 2180 | 0 | (5) |
|  | 01/2026  | 872600 | 5647 | 72 | 0 |
|  | 01/2026  | 10288 | 2820 | 0 | (46) |
|  | 01/2026  | 378308 | 12408 | 363 | 0 |
|  | 01/2026  | $3071 | 16901 | 21 | (8) |
|  | 01/2026  | 9608 | 67303 | 43 | 0 |
|  | 01/2026  | 1933 | 13684 | 21 | 0 |
|  | 01/2026  | 29327 | 24896 | 0 | (56) |
|  | 01/2026  | 465 | 7770585 | 1 | 0 |
|  | 01/2026  | 1040 | 93954 | 3 | 0 |
|  | 01/2026  | 6758 | 24531 | 74 | 0 |
|  | 01/2026  | 14399 | 452550 | 29 | (18) |
|  | 01/2026  | 4013 | 66909 | 22 | 0 |
|  | 01/2026  | 28251 | $1689 | 0 | (15) |
|  | 02/2026  | 477 | 2447 | 2 | 0 |
|  | 02/2026  | $974 | 6877 | 10 | 0 |
|  | 02/2026  | 2286 | 205938 | 0 | (1) |
|  | 02/2026  | 5689 | 178574 | 0 | (11) |
|  | 03/2026  | 13153 | 536 | 0 | (9) |
|  | 03/2026  | 60133 | $2890 | 0 | (38) |
|  | 03/2026  | 117355 | 3779 | 49 | 0 |
|  | 03/2026  | $2340 | 16422 | 17 | 0 |
|  | 04/2026  | 26300 | $4604 | 0 | (97) |
|  | 04/2026  | $551 | 3860 | 4 | 0 |
|  | 05/2026  | 616 | 188 | 0 | (4) |
|  | 06/2026  | 392 | 120 | 0 | (2) |
|  | 07/2026  | 273 | 83 | 0 | (1) |
|  | 06/2027  | 271 | 82 | 0 | (2) |
|  | 05/2029  | 748 | $2572 | 102 | 0 |
|  | 07/2029  | 149 | 511 | 20 | 0 |
|  | 05/2030  | 677 | 2330 | 82 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 6888 | 1252 | 0 | (5) |
|  | 01/2026  | 25900 | 3709 | 0 | (366) |
|  | 01/2026  | 2625 | 13496 | 24 | 0 |
|  | 01/2026  | 12265 | $14404 | 0 | (16) |
|  | 01/2026  | 3222 | 1004 | 0 | (7) |
|  | 01/2026  | 5356 | 1305 | 0 | (17) |
|  | 01/2026  | $1263 | 6888 | 0 | (6) |
|  | 01/2026  | 9930 | 63992 | 144 | 0 |
|  | 01/2026  | 8356 | 14445 | 0 | (37) |
|  | 01/2026  | 880 | 3207 | 13 | 0 |
|  | 01/2026  | 2567 | 115560 | 102 | 0 |
|  | 01/2026  | 72821 | $4204 | 0 | (187) |
|  | 02/2026  | 3181 | 987 | 0 | (11) |
|  | 02/2026  | $1685 | 31236 | 42 | 0 |
|  | 02/2026  | 15080 | 686480 | 393 | 0 |
|  | 03/2026  | 5349 | 99046 | 113 | 0 |
|  | 03/2026  | 2400 | 109815 | 29 | 0 |
|  | 04/2026  | 19589 | $1115 | 0 | (59) |
|  | 07/2026  | 29121 | 1646 | 0 | (87) |
|  | 01/2027  | 16434 | 2589 | 0 | (44) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 40275 | 53253 | 0 | (1035) |
|  | 01/2026  | 745232 | 4788 | 27 | 0 |
|  | 01/2026  | 18178 | 5187 | 0 | (219) |
|  | 01/2026  | $726 | 1295 | 20 | 0 |
|  | 01/2026  | 1033 | 3695 | 66 | 0 |
|  | 02/2026  | 19396 | $5565 | 0 | (197) |
|  | 04/2026  | 49700 | 8750 | 8 | (141) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 19853 | 13204 | 0 | (46) |
|  | 01/2026  | 3997 | 726 | 0 | (3) |
|  | 01/2026  | 1570 | 1116 | 0 | (28) |
|  | 01/2026  | 85946 | 12294 | 0 | (37) |
|  | 01/2026  | 13389 | 15604 | 0 | (138) |
|  | 01/2026  | 5 | 1 | 0 | 0 |
|  | 01/2026  | 110000 | 810 | 108 | 0 |
|  | 01/2026  | 4053 | 2339 | 5 | 0 |
|  | 01/2026  | 23493 | 6929 | 0 | (54) |
|  | 01/2026  | 527798 | 17366 | 562 | 0 |
|  | 01/2026  | $2699 | 4058 | 19 | (9) |
|  | 01/2026  | 717 | 3997 | 12 | 0 |
|  | 01/2026  | 1198 | 1686 | 31 | 0 |
|  | 01/2026  | 32866 | 229310 | 37 | 0 |
|  | 01/2026  | 2424 | 17136 | 22 | 0 |
|  | 01/2026  | 522 | 1669 | 2 | 0 |
|  | 01/2026  | 37408 | 3343558 | 28 | (324) |
|  | 01/2026  | 1873 | 291100 | 0 | (13) |
|  | 01/2026  | 479 | 1721 | 0 | 0 |
|  | 01/2026  | 4871 | 6295 | 29 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 111 | 167 | 222 |
|  | 01/2026  | 1 | 34 | 0 | 0 |
|  | 01/2026  | 4566 | 142732 | 3 | (24) |
|  | 01/2026  | 4450 | $262 | 0 | (7) |
|  | 02/2026  | 3997 | 712 | 0 | (12) |
|  | 02/2026  | 166 | 855 | 1 | 0 |
|  | 02/2026  | 5865 | $1845 | 3 | 0 |
|  | 02/2026  | 27688 | 8120 | 0 | (103) |
|  | 02/2026  | $2408 | 17002 | 22 | 0 |
|  | 02/2026  | 142 | 4452 | 0 | (1) |
|  | 03/2026  | 84456 | $10899 | 27 | 0 |
|  | 03/2026  | 13076 | 3703 | 0 | (178) |
|  | 03/2026  | 127549 | 4098 | 44 | 0 |
|  | 03/2026  | $6097 | 42874 | 50 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 1629 | 8345 | 10 | 0 |
|  | 01/2026  | 5322 | $1654 | 0 | (17) |
|  | 01/2026  | 2329714 | 1592 | 0 | (24) |
|  | 01/2026  | 3278 | 1895 | 7 | 0 |
|  | 01/2026  | $498 | 24601 | 14 | 0 |
|  | 01/2026  | 2968 | 9470 | 5 | 0 |
|  | 01/2026  | 11951 | 1065563 | 2 | (127) |
|  | 01/2026  | 5688 | 8355868 | 108 | 0 |
|  | 01/2026  | 1677 | 28197 | 24 | 0 |
|  | 01/2026  | 129773 | $7448 | 0 | (377) |
|  | 02/2026  | 1491 | 7650 | 7 | 0 |
|  | 02/2026  | 9468 | $2968 | 0 | (5) |
|  | 02/2026  | $80 | 26294 | 0 | 0 |
|  | 02/2026  | 192 | 6010 | 0 | (1) |
|  | 03/2026  | 43351 | $84 | 0 | 0 |
|  | 03/2026  | $1958 | 13742 | 14 | 0 |
|  | 03/2026  | 2072 | 42663 | 5 | 0 |
|  | 03/2026  | 1738 | 948289 | 92 | 0 |
|  | 04/2026  | 996 | 51199 | 42 | 0 |
|  | 06/2026  | 377955 | $703 | 0 | (9) |
|  | 07/2026  | 21377 | 1208 | 0 | (64) |
|  | 01/2027  | 20500 | 3248 | 0 | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 76667 | 49810 | 0 | (1357) |
|  | 01/2026  | 922 | 1150 | 0 | (15) |
|  | 01/2026  | 45320 | 6439 | 0 | (64) |
|  | 01/2026  | 50834 | 66755 | 0 | (1766) |
|  | 01/2026  | 3552 | 2036 | 0 | (10) |
|  | 01/2026  | 3114 | 915 | 0 | (10) |
|  | 01/2026  | 1618 | 1252 | 0 | (8) |
|  | 01/2026  | $1572 | 5039 | 11 | 0 |
|  | 01/2026  | 850 | 1509 | 19 | 0 |
|  | 01/2026  | 1782 | 6004 | 3 | 0 |
|  | 01/2026  | 7907 | 28930 | 150 | 0 |
|  | 01/2026  | 1672 | 28059 | 20 | 0 |
|  | 01/2026  | 89987 | $5233 | 0 | (193) |
|  | 02/2026  | 5037 | 1572 | 0 | (10) |
|  | 03/2026  | 3165 | 939 | 0 | 0 |
|  | 06/2026  | 6038 | 1782 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 5103 | 941 | 10 | 0 |
|  | 01/2026  | 6290 | 899 | 0 | (3) |
|  | 01/2026  | 3947 | 20284 | 33 | 0 |
|  | 01/2026  | 2106 | $652 | 0 | (9) |
|  | 01/2026  | 330000 | 2452 | 345 | 0 |
|  | 01/2026  | 517 | 126 | 0 | (2) |
|  | 01/2026  | 588267 | 401 | 0 | (6) |
|  | 01/2026  | $927 | 5103 | 4 | 0 |
|  | 01/2026  | 1701 | 1364 | 22 | 0 |
|  | 01/2026  | 4491 | 31662 | 52 | 0 |
|  | 01/2026  | 409 | 588267 | 0 | (2) |
|  | 01/2026  | 7069 | 25822 | 124 | 0 |
|  | 01/2026  | 812 | 25844 | 9 | 0 |
|  | 01/2026  | 66914 | $3881 | 0 | (154) |
|  | 02/2026  | $66429 | 364285 | 0 | (451) |
|  | 02/2026  | 2 | 12 | 0 | 0 |
|  | 02/2026  | 3251 | 60299 | 81 | 0 |
|  | 02/2026  | 2941 | 134078 | 80 | 0 |
|  | 03/2026  | 366 | $66 | 1 | 0 |
|  | 03/2026  | $95 | 669 | 1 | 0 |
|  | 03/2026  | 2522 | 46781 | 62 | 0 |
|  | 04/2026  | 102200 | $18018 | 49 | (299) |
|  | 04/2026  | $5314 | 97992 | 75 | 0 |
|  | 08/2026  | 100004 | $5610 | 0 | (335) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 188659 | 26787 | 0 | (283) |
|  | 01/2026  | 7904 | 1017 | 1 | 0 |
|  | 01/2026  | 33523 | 10301 | 0 | (225) |
|  | 01/2026  | 173280 | 1946 | 23 | 0 |
|  | 01/2026  | 170000 | 1240 | 155 | 0 |
|  | 01/2026  | 8943539 | 6233 | 30 | 0 |
|  | 01/2026  | 6321 | 3668 | 27 | 0 |
|  | 01/2026  | 19819 | 5410 | 0 | (110) |
|  | 01/2026  | 211 | 5 | 0 | 0 |
|  | 01/2026  | $5606 | 39383 | 45 | 0 |
|  | 01/2026  | 1132 | 7969 | 5 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 111 | 167 | 222 |
|  | 01/2026  | 277 | 13473 | 5 | 0 |
|  | 01/2026  | 4420 | 393626 | 0 | (51) |
|  | 01/2026  | 30109 | 560006 | 914 | 0 |
|  | 01/2026  | 310 | 3173 | 5 | 0 |
|  | 01/2026  | 5143 | 8837 | 0 | (53) |
|  | 01/2026  | 7025 | 25897 | 188 | 0 |
|  | 01/2026  | 24527 | $1429 | 0 | (50) |
|  | 02/2026  | $6233 | 8931802 | 0 | (39) |
|  | 02/2026  | 2313 | 42907 | 58 | 0 |
|  | 03/2026  | 35 | $2 | 0 | 0 |
|  | 03/2026  | $3439 | 63046 | 40 | 0 |
|  | 04/2026  | 1977 | 36431 | 27 | 0 |
|  | 06/2026  | 15100 | $852 | 0 | (49) |
|  | 01/2027  | 42723 | 6739 | 0 | (105) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 11773 | 7785 | 0 | (73) |
|  | 01/2026  | 5040 | 945 | 25 | 0 |
|  | 01/2026  | 104966 | 74580 | 0 | (1937) |
|  | 01/2026  | 1297 | 1633 | 0 | (6) |
|  | 01/2026  | 4962 | 702 | 0 | (10) |
|  | 01/2026  | 5189 | 109 | 0 | 0 |
|  | 01/2026  | 21923 | 29291 | 0 | (260) |
|  | 01/2026  | 2866000 | 18448 | 138 | 0 |
|  | 01/2026  | 4770 | 2757 | 10 | 0 |
|  | 01/2026  | 8018 | 2192 | 0 | (42) |
|  | 01/2026  | 115838 | 89276 | 0 | (898) |
|  | 01/2026  | $1252 | 1878 | 1 | 0 |
|  | 01/2026  | 916 | 5040 | 4 | 0 |
|  | 01/2026  | 1078 | 1491 | 9 | 0 |
|  | 01/2026  | 702 | 4957 | 6 | 0 |
|  | 01/2026  | 956 | 47303 | 31 | 0 |
|  | 01/2026  | 35311 | 26584 | 522 | 0 |
|  | 01/2026  | 697 | 63119 | 3 | 0 |
|  | 01/2026  | 5165 | 804205 | 0 | (27) |
|  | 01/2026  | 1572 | 5761 | 33 | 0 |
|  | 01/2026  | 282 | 9136 | 8 | 0 |
|  | 01/2026  | 717 | 22644 | 4 | 0 |
|  | 02/2026  | 1495 | 27669 | 34 | 0 |
|  | 03/2026  | 10632 | $1372 | 3 | 0 |
|  | 03/2026  | 34323 | 1085 | 0 | (6) |
|  | 03/2026  | $1434 | 26393 | 23 | 0 |
|  | 04/2026  | 1594 | 29415 | 24 | 0 |
|  | 05/2026  | 29853 | $1717 | 0 | (69) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 28670 | 4114 | 0 | (397) |
|  | 01/2026  | 11 | 3 | 0 | 0 |
|  | 01/2026  | 53 | 14 | 0 | 0 |
|  | 01/2026  | $1147 | 862 | 15 | 0 |
|  | 01/2026  | 15 | 2301 | 0 | 0 |
|  | 02/2026  | 14019 | 570 | 0 | (11) |
|  | 02/2026  | 11592 | $3600 | 0 | (40) |
|  | 02/2026  | $287 | 2029 | 3 | 0 |
|  | 03/2026  | 1208 | 8482 | 9 | 0 |
|  | 04/2026  | 64930 | $9241 | 0 | (1027) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 3819038 | 2610 | 0 | (39) |
|  | 01/2026  | $3818 | 5604860 | 69 | 0 |
|  | 01/2026  | 1394 | 62896 | 53 | 0 |
|  | 02/2026  | 4780 | 217698 | 128 | 0 |
|  | 03/2026  | 3067 | 140330 | 41 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 17643 | $3284 | 64 | 0 |
|  | 01/2026  | 925 | 1154 | 0 | (15) |
|  | 01/2026  | 97928 | 13894 | 0 | (158) |
|  | 01/2026  | 30027 | 330 | 0 | (4) |
|  | 01/2026  | 735702 | 4726 | 26 | 0 |
|  | 01/2026  | 106902 | 3509 | 105 | 0 |
|  | 01/2026  | $3206 | 17643 | 13 | 0 |
|  | 01/2026  | 1069 | 7553 | 9 | 0 |
|  | 01/2026  | 1001 | 861 | 11 | 0 |
|  | 01/2026  | 773 | 12925136 | 1 | 0 |
|  | 01/2026  | 631 | 56949 | 1 | 0 |
|  | 01/2026  | 2706 | 421907 | 0 | (10) |
|  | 01/2026  | 1407 | 43993 | 0 | (6) |
|  | 03/2026  | 710 | 4984 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 9469 | 48542 | 65 | 0 |
|  | 01/2026  | 223465 | $258719 | 0 | (4009) |
|  | 01/2026  | 2162559 | 13827 | 11 | 0 |
|  | 01/2026  | 40929 | 1312 | 9 | 0 |
|  | 01/2026  | $1813 | 7879 | 4 | 0 |
|  | 01/2026  | 3191 | 4134 | 27 | 0 |
|  | 02/2026  | 1295 | 6645 | 7 | 0 |
|  | 02/2026  | $2200 | 107932 | 29 | 0 |
|  | 02/2026  | 1496 | 27684 | 34 | 0 |
|  | 03/2026  | 41 | $2 | 0 | 0 |
|  | 03/2026  | 3 | 1 | 0 | 0 |
|  | 03/2026  | $1826 | 34035 | 51 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 940000 | $6278 | 277 | 0 |
|  | 01/2026  | 61580 | 2013 | 52 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 3916 | 4893 | 0 | (55) |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 32 | 56 | 67 | 91 | 92 | 100 | 102 | 111 | 115 | 119 | 150 | 166 | 167 | 183 | 211 | 221 | 228 |
|  | 01/2026  | 01/2026  | 8052 | 8052 | 8052 | 8052 |  |  | 2207 | 2207 | 2207 | 2207 |  | 0 | 0 | 0 |  | (36) |
|  | 01/2026  | 01/2026  | $6227 | 6227 | 6227 | 6227 | PLN | PLN | 22574 | 22574 | 22574 | 22574 |  | 61 | 61 | 61 |  | (1) |
|  | 01/2026  | 01/2026  | 127121 | 127121 | 127121 | 127121 | $ | $ | 7309 | 7309 | 7309 | 7309 |  | 0 | 0 | 0 |  | (356) |
|  | 02/2026  | 02/2026  | $3103 | 3103 | 3103 | 3103 | MXN | MXN | 57481 | 57481 | 57481 | 57481 |  | 74 | 74 | 74 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**8418** | **8418** | **8418** | **$** | $**(20657)** | **(20657)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | CZK | 24.200 | 24.200 | 24.200 | 03/11/2026 | 2242 | 2242 | 2242 | $10 | 10 | $ | $13 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | HUF | 375.000 | 375.000 | 375.000 | 03/05/2026 | 3871 | 3871 | 3871 | 10 | 10 |  | 7 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  |  |  |  | 376.000 | 376.000 | 376.000 | 03/06/2026 | 1690 | 1690 | 1690 | 4 | 4 |  | 4 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.400 | 5.400 | 5.400 | 02/05/2026 | 3930 | 3930 | 3930 | 54 | 54 |  | 23 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 5998 | 5998 | 5998 | 9 | 9 |  | 3 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 8927 | 8927 | 8927 | 12 | 12 |  | 5 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1417.000 | 1417.000 | 1417.000 | 02/11/2026 | 10259 | 10259 | 10259 | 64 | 64 |  | 54 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1419.000 | 1419.000 | 1419.000 | 02/11/2026 | 10260 | 10260 | 10260 | 61 | 61 |  | 58 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1419.000 | 1419.000 | 1419.000 | 02/12/2026 | 6492 | 6492 | 6492 | 40 | 40 |  | 37 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | SGD | 1.315 | 1.315 | 1.315 | 11/05/2026 | 6606 | 6606 | 6606 | 47 | 47 |  | 22 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 1091 | 1091 | 1091 | 2 | 2 |  | 1 |
| JPM | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | CZK | 24.200 | 24.200 | 24.200 | 03/05/2026 | 6877 | 6877 | 6877 | 27 | 27 |  | 40 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | HUF | 378.000 | 378.000 | 378.000 | 03/03/2026 | 2970 | 2970 | 2970 | 15 | 15 |  | 9 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  |  |  |  | 376.000 | 376.000 | 376.000 | 03/06/2026 | 2397 | 2397 | 2397 | 6 | 6 |  | 5 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 5128 | 5128 | 5128 | 7 | 7 |  | 3 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 2669 | 2669 | 2669 | 4 | 4 |  | 1 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | CZK | 24.200 | 24.200 | 24.200 | 02/10/2026 | 2376 | 2376 | 2376 | 10 | 10 |  | 12 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  |  | 24.100 | 24.100 | 24.100 | 03/13/2026 | 6235 | 6235 | 6235 | 26 | 26 |  | 25 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  |  | 23.900 | 23.900 | 23.900 | 06/02/2026 | 4005 | 4005 | 4005 | 16 | 16 |  | 13 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.410 | 5.410 | 5.410 | 02/04/2026 | 8100 | 8100 | 8100 | 123 | 123 |  | 53 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**547** | **547** | **$** | $**388** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 5.160 | 02/05/2026 | 3930 | 3930 | 3930 | $(8) | (8) | $ | $(1) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.690 | 5.690 | 5.690 | 02/05/2026 | 3930 | 3930 | 3930 | (46) | (46) |  | (31) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 7.850 | 08/14/2026 | 5998 | 5998 | 5998 | (3) | (3) |  | (2) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/24/2026 | 8927 | 8927 | 8927 | (4) | (4) |  | (3) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1380.000 | 1380.000 | 1380.000 | 02/11/2026 | 10259 | 10259 | 10259 | (19) | (19) |  | (14) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1382.000 | 1382.000 | 1382.000 | 02/11/2026 | 10260 | 10260 | 10260 | (20) | (20) |  | (15) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1383.000 | 1383.000 | 1383.000 | 02/12/2026 | 6492 | 6492 | 6492 | (14) | (14) |  | (11) |
|  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | SGD | 1.237 | 1.237 | 1.237 | 11/05/2026 | 6606 | 6606 | 6606 | (47) | (47) |  | (55) |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 7.850 | 08/14/2026 | 1091 | 1091 | 1091 | (1) | (1) |  | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/14/2026 | 5128 | 5128 | 5128 | (2) | (2) |  | (2) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/24/2026 | 2669 | 2669 | 2669 | (1) | (1) |  | (1) |
| MYI | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 5.160 | 02/04/2026 | 8100 | 8100 | 8100 | (21) | (21) |  | (3) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.700 | 5.700 | 5.700 | 02/04/2026 | 8100 | 8100 | 8100 | (105) | (105) |  | (58) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(291) | (291) | $ | $(196) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.548% | 3.548% | 3.548% | 3.548% | 01/02/2026 | 01/02/2026 | 4300 | 4300 | 4300 | $(10) | (10) | $ | $0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.848 | 3.848 | 3.848 | 3.848 | 01/02/2026 | 01/02/2026 | 4300 | 4300 | 4300 | (10) | (10) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.648 | 3.648 | 3.648 | 3.648 | 01/15/2026 | 01/15/2026 | 4300 | 4300 | 4300 | (12) | (12) |  | (3) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.928 | 3.928 | 3.928 | 3.928 | 01/15/2026 | 01/15/2026 | 4300 | 4300 | 4300 | (12) | (12) |  | (3) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.625 | 3.625 | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 6500 | 6500 | 6500 | (16) | (16) |  | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.925 | 3.925 | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 6500 | 6500 | 6500 | (17) | (17) |  | (1) |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.498 | 3.498 | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 6400 | 6400 | 6400 | (15) | (15) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.798 | 3.798 | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 6400 | 6400 | 6400 | (15) | (15) |  | (10) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.639 | 3.639 | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 4300 | 4300 | 4300 | (10) | (10) |  | (1) |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 8 | 19 | 32 | 34 | 37 | 49 | 53 | 67 | 71 | 73 | 86 | 92 | 93 | 98 | 110 | 115 | 118 | 124 | 131 | 147 | 157 | 173 | 185 | 209 | 215 | 228 | 232 | 242 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.919 | 3.919 | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 4300 |  | (10) | (10) | (10) | (2) | (2) | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (127) | (127) | (127) | $(21) | (21) | (21) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(418)** | **(418)** | **(418)** | $**(217)** | **(217)** | **(217)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> |  |  | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | (1.000)% | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.187% | 0.187% | 0.187% | 0.187% | $ | $ | $4400 | 4400 | $(137) | (137) | $2 | 2 | $0 | 0 | 0 | $(135) |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.220 | 0.220 | 0.220 | 0.220 |  |  | 4400 | 4400 | (155) | (155) | (4) | (4) | 0 | 0 | 0 | (159) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(292) | (292) | $(2) | (2) | $0 | 0 | 0 | $(294) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> |  |  | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| CBK | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 12/20/2026 | 1.757% | 1.757% | 1.757% | 1.757% | $ | $ | $800 | 800 | $(7) | (7) | $1 | 1 | $0 | 0 | 0 | $(6) |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | 4.750 | Monthly | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | 07/06/2026 |  |  |  |  |  |  | 2512 | 2512 | 0 | 0 | 22 | 22 | 22 | 22 | 22 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(7) | (7) | $23 | 23 | $22 | 22 | 22 | $(6) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(6)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | EUR | 300 | $ | 68 | 68 | 3 | $ | 71 | 71 | $ | 0 |
| BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 1700 |  | 379 | 379 | 22 |  | 401 | 401 |  | 0 |
| CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 600 |  | 132 | 132 | 9 |  | 141 | 141 |  | 0 |
| JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 3800 |  | 843 | 843 | 52 |  | 895 | 895 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $1422 | 1422 | $86 | 86 | $1508 | 1508 | 1508 | $0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Pay | Pay | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  |  |  | Notional Amount<br>of Currency<br>Delivered | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) | Upfront Payable/(Receivable) | Unrealized<br>Appreciation/(Depreciation) |  | Asset | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 12/16/2027 | $73903 | 73903 | 73903 | 73903 | JPY | JPY | JPY | 11085500 | 11085500 | $ | 946 | 946 | (15) | $ | 931 | 931 | $ | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.442% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 09/16/2031 | 09/16/2031 | 13961 | 13961 | 13961 | 13961 |  |  |  | 2050000 | 2050000 |  | 58 | 58 | 21 |  | 79 | 79 |  | 0 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 10/15/2045 | 10/15/2045 | 10/15/2045 | 10/15/2045 | 16714 | 16714 | 16714 | 16714 | GBP | GBP | GBP | 12567 | 12567 |  | (64) | (64) | 22 |  | 0 | 0 |  | (42) |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 7 | 17 | 19 | 37 | 48 | 53 | 71 | 86 | 88 | 110 | 122 | 124 | 158 | 175 | 186 | 193 | 216 | 232 | 243 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 104051 | 104051 | JPY | JPY | 16128000 | 67 |  | (62) | (62) | 5 |  | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 1565 | 1565 |  |  | 230000 | 2 |  | 1 | 1 | 3 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1009 | $ | (33) | (33) | 1018 | $ | (42) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500% | 1.500% | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 2400 | 2400 | $1 | 1 | $(2) | (2) | $0 | 0 | $(1) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **2133** | **2133** | **72** | **72** | **2548** | **2548** | **(343)** |
| **(n)** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $14,427 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(3)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(5)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(7)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(8)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 2 | 129 | 211 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $185 | $185 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 11138 | 11138 |
| Non-Agency Mortgage-Backed Securities | 0 | 17351 |
| Sovereign Issues | 33958 | 33958 |
| Brazil | Brazil | Brazil |
| Sovereign Issues | 31458 | 31458 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 4683 | 4683 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 31882 | 31882 |
| Sovereign Issues | 37964 | 37964 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 53589 | 53589 |
| Corporate Bonds & Notes | 6982 | 8633 |
| Sovereign Issues | 515 | 515 |
| Chile | Chile | Chile |
| Sovereign Issues | 1023 | 1023 |
| China | China | China |
| Sovereign Issues | 321 | 321 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 3314 | 3314 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 21016 | 21016 |
| France | France | France |
| Corporate Bonds & Notes | 6347 | 6347 |
| Sovereign Issues | 102193 | 102193 |
| Germany | Germany | Germany |
| Corporate Bonds & Notes | 1626 | 1626 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 103 | 103 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 62460 | 62460 |
| Corporate Bonds & Notes | 533 | 533 |
| Loan Participations and Assignments | 0 | 3062 |
| Israel | Israel | Israel |
| Sovereign Issues | 8385 | 8385 |
| Italy | Italy | Italy |
| Corporate Bonds & Notes | 1397 | 1397 |
| Sovereign Issues | 37421 | 37421 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 10158 | 10158 |
| Sovereign Issues | 48376 | 48376 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Asset-Backed Securities | 230 | 230 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 1703 | 1703 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 9118 | 9118 |
| Luxembourg | Luxembourg | Luxembourg |
| Loan Participations and Assignments | 0 | 1340 |
| Sovereign Issues | 8975 | 8975 |
| Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 536 | 536 |
| Sovereign Issues | 1432 | 1432 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 403 | 403 |
| Multinational | Multinational | Multinational |
| Corporate Bonds & Notes | 483 | 483 |
| Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 2893 | 2893 |
| Norway | Norway | Norway |
| Sovereign Issues | 1433 | 1433 |
| Peru | Peru | Peru |
| Sovereign Issues | 31833 | 31833 |
| Poland | Poland | Poland |
| Sovereign Issues | 6577 | 6577 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 6551 | 6551 |
| Romania | Romania | Romania |
| Sovereign Issues | 13592 | 13592 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 5737 | 5737 |
| Sovereign Issues | 21215 | 21215 |
| Serbia | Serbia | Serbia |
| Sovereign Issues | 2459 | 2459 |
| Slovakia | Slovakia | Slovakia |
| Corporate Bonds & Notes | 4609 | 4609 |
| South Africa | South Africa | South Africa |
| Sovereign Issues | 44573 | 44573 |
| Spain | Spain | Spain |
| Sovereign Issues | 77597 | 77597 |
| Supranational | Supranational | Supranational |
| Corporate Bonds & Notes | 1176 | 1176 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 12 | 29 | 50 | 76 | 87 | 96 | 103 | 114 | 129 | 151 | 166 | 178 | 193 | 213 | 240 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 11480 | 11480 | 0 | 0 |  | 11480 |  |
| Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 8799 | 8799 | 0 | 0 |  | 8799 |  |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 1218 | 1218 | 0 | 0 |  | 1218 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 3376 | 3376 | 0 | 0 |  | 3376 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 0 | 3896 | 3896 | 0 | 0 |  | 3896 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 46800 | 46800 | 0 | 0 |  | 46800 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 0 | 0 | 733 | 733 |  | 733 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 27633 | 27633 | 0 | 0 |  | 27633 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 77728 | 77728 | 0 | 0 |  | 77728 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 0 | 37482 | 37482 | 0 | 0 |  | 37482 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 92616 | 92616 | 0 | 0 |  | 92616 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 0 | 0 | 2252 | 2252 |  | 2252 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 0 | 0 | 0 | 832 | 832 | 0 | 0 |  | 832 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 73806 | 73806 | 0 | 0 |  | 73806 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 965932 | 965932 | 0 | 0 |  | 965932 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 157349 | 157349 | 0 | 0 |  | 157349 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 0 | 29999 | 29999 | 0 | 0 |  | 29999 |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 0 | 622 | 622 | 0 | 0 |  | 622 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 0 | 9716 | 9716 | 0 | 0 |  | 9716 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 0 | 9240 | 9240 | 0 | 0 |  | 9240 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 0 | 0 | 13896 | 13896 | 0 | 0 |  | 13896 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 | 3446 | 3446 | 0 | 0 |  | 3446 |  |
|  |  |  |  |  | $0 | 0 | 0 | 0 | $2336018 | 2336018 | $26389 | 26389 | $ | 2362407 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $82939 | 82939 | 82939 | 82939 | $0 | 0 | $0 | 0 | $ | 82939 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $82939 | 82939 | 82939 | 82939 | $2336018 | 2336018 | $26389 | 26389 | $ | 2445346 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | (9424) | (9424) | 0 | 0 |  | (9424) |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | (181151) | (181151) | 0 | 0 |  | (181151) |  |
|  |  |  |  |  | $0 | 0 | 0 | 0 | $(190575) | (190575) | $0 | 0 | $ | (190575) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 1452 | 1452 | 1452 | 1452 | 1690 | 1690 | 0 | 0 |  | 3142 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 11332 | 11332 | 22 | 22 |  | 11354 |  |
|  |  |  |  |  | $1452 | 1452 | 1452 | 1452 | $13022 | 13022 | $22 | 22 | $ | 14496 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (465) | (465) | (465) | (465) | (2602) | (2602) | 0 | 0 |  | (3067) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (21217) | (21217) | 0 | 0 |  | (21217) |  |
|  |  |  |  |  | $(465) | (465) | (465) | (465) | $(23819) | (23819) | $0 | 0 | $ | (24284) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $987 | 987 | 987 | 987 | $(10797) | (10797) | $22 | 22 | $ | (9788) |  |
| Totals | Totals | Totals | Totals | Totals | $83926 | 83926 | 83926 | 83926 | $2134646 | 2134646 | $26411 | 26411 | $ | 2244983 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-Agency Mortgage-Backed Securities | $0 | $17000 | $0 | $ | 0 | $ | $0 | $ | 351 | $0 | 0 | $0 | 0 | $17351 | $351 |
| Cayman Islands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 0 | 1638 | 0 |  | 0 |  | 0 |  | 13 | 0 | 0 | 0 | 0 | 1651 | 13 |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Asset-Backed Securities | 7898 | 0 | (212) |  | 0 |  | 14 |  | 669 | 0 | 0 | (8369) | (8369) | 0 | 0 |
| Loan Participations and Assignments | 2806 | 0 | 0 |  | 2 |  | 0 |  | 254 | 0 | 0 | 0 | 0 | 3062 | 254 |
| Luxembourg |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | 0 | 1315 | 0 |  | 0 |  | 0 |  | 25 | 0 | 0 | 0 | 0 | 1340 | 24 |
| United Kingdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 12 | 31 | 43 | 46 | 50 | 103 | 121 | 178 | 195 | 213 | 236 | 240 |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 306 | 400 |  |  | 0 | 0 | 28 | 0 | 0 | 734 |  | 27 |
| United States | United States |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 1108 | 1179 |  |  | (36) | 0 | 1 | 0 | 0 | 2252 |  | 1 |
|  |  | $12118 | 12118 | 21532 | $ | $ | $(248) | $14 | $1341 | $(8369) | (8369) | 26390 | $ | 670 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | $39 | 39 | 0 | $ | $ | $(11) | $0 | $(7) | $0 | 0 | 21 | $ | (6) |
| Totals | Totals | $12157 | 12157 | 21532 | $ | $ | $(259) | $14 | $1334 | $(8369) | (8369) | 26411 | $ | 664 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $17351 | 17351 | 17351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | —  | —  |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 1651 | 1651 | 1651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.429  | 5.429  | —  | —  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 3062 | 3062 | 3062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939  | 3.939  | —  | —  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1340 | 1340 | 1340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.310 - 4.455  | 4.310 - 4.455  | 4.382  | 4.382  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 734 | 734 | 734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.940 - 6.670  | 3.940 - 6.670  | 5.429  | 5.429  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1429 | 1429 | 1429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.990 - 5.690  | 3.990 - 5.690  | 5.284  | 5.284  |
|  |  |  |  | 823 | 823 | 823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | —  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | Over the counter | 21 | 21 | 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497  | 0.497  | —  | —  |
| Total | Total | Total | Total | $26411 | 26411 | 26411 |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 51.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | $5 | $0 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 39 | 1 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 66 | 1 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 79 | 1 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 120 | 2 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (a) | 113 | 2 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (a) | 27 | 1 |
|  |  | 8 |
| **INDUSTRIALS 0.2%**  |  |  |
| **Claritev Corp. (6.500% Cash and 0.750% PIK)** <br>6.750% due 03/31/2031 (a) | 621 | 497 |
| Total Corporate Bonds & Notes (Cost $620) |  | 505 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (d)  | 23 | 0 |
| 0.000% due 12/31/2027 (d)  | 29 | 0 |
| 0.000% due 12/31/2028 (d)  | 47 | 0 |
| 0.000% due 12/31/2029 (d)  | 47 | 0 |
| 0.000% due 12/31/2030 (d)  | 58 | 0 |
| 0.000% due 12/31/2031 (d)  | 58 | 0 |
| 0.000% due 12/31/2032 (d)  | 110 | 1 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 *«*(d)  | 134 | 22 |
| 0.000% due 06/23/2028 «(d)  | 16 | 4 |
| Total Convertible Bonds & Notes (Cost $44) |  | 27 |
| **U.S. GOVERNMENT AGENCIES 16.8%**  |  |  |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.648% due 07/15/2041 •  | 262 | 261 |
| 4.824% due 04/25/2055 •  | 1139 | 1144 |
| 5.109% due 04/15/2049 - 12/15/2050 •  | 384 | 385 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.723% due 03/25/2049 •  | 197 | 196 |
| 4.844% due 08/25/2054 •  | 52 | 52 |
| 4.989% due 12/25/2047 •  | 344 | 344 |
| 5.009% due 01/25/2051 •  | 234 | 234 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.568% due 05/20/2074 •  | 97 | 97 |
| 4.768% due 05/20/2074 •  | 164 | 166 |
| 4.818% due 09/20/2071 •  | 1991 | 2001 |
| 4.927% due 08/20/2068 •  | 321 | 323 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 7010 | 6196 |
| 3.500% due 02/01/2056 | 800 | 737 |
| 4.500% due 02/01/2056 | 5300 | 5170 |
| 5.000% due 02/01/2056 | 16400 | 16340 |
| 5.500% due 02/01/2056 | 1000 | 1013 |
| 6.000% due 02/01/2056 | 5800 | 5953 |
| 6.500% due 02/01/2056 | 12900 | 13410 |
| Total U.S. Government Agencies (Cost $54,026) |  | 54022 |
| **U.S. TREASURY OBLIGATIONS 3.8%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 (h) | 2700 | 1753 |
| 4.000% due 11/15/2042 (l) | 2050 | 1880 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 11/15/2052 | 1550 | 1345 |
| 4.625% due 02/15/2055 | 800 | 771 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 1.500% due 02/15/2053  | 2410 | 1881 |
| 1.750% due 01/15/2034 (j) | 3178 | 3161 |
| **U.S. Treasury Notes**  |  |  |
| 4.625% due 02/15/2035 | 1470 | 1526 |
| Total U.S. Treasury Obligations (Cost $13,819) |  | 12317 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.1%**  |  |  |
| **Alliance Bancorp Trust** <br>4.326% due 07/25/2037 •  | 160 | 144 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.214% due 07/25/2036 ~  | 38 | 32 |
| 4.422% due 02/25/2036 ~  | 24 | 23 |
| 4.713% due 08/25/2033 ~  | 25 | 23 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.103% due 09/20/2036 ~  | 41 | 37 |
| 4.486% due 03/25/2035 •  | 32 | 31 |
| 6.000% due 04/25/2036  | 145 | 71 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.146% due 07/25/2035 •  | 253 | 189 |
| 4.166% due 09/25/2047 •  | 59 | 55 |
| 5.029% due 02/25/2036 •  | 73 | 68 |
| **Impac CMB Trust**  |  |  |
| 4.466% due 04/25/2035 •  | 45 | 45 |
| 4.491% due 04/25/2035 •  | 58 | 57 |
| **RALI Trust** <br>6.000% due 12/25/2036 | 34 | 28 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>3.892% due 01/25/2035 ~ | 1 | 1 |
| **Structured Asset Mortgage Investments II Trust** <br>4.346% due 07/19/2035 •  | 7 | 7 |
| **Towd Point Mortgage Trust** <br>4.081% due 04/25/2055 ~ | 5000 | 4911 |
| **WaMu Mortgage Pass-Through Certificates Trust** <br>4.506% due 01/25/2045 •  | 870 | 890 |
| Total Non-Agency Mortgage-Backed Securities (Cost $6,571) |  | 6612 |
| **ASSET-BACKED SECURITIES 7.0%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.8%**  |  |  |
| **Carvana Auto Receivables Trust** <br>6.160% due 09/10/2029 | 1911 | 1978 |
| **OneMain Direct Auto Receivables Trust** <br>5.410% due 11/14/2029 | 306 | 308 |
| **Oscar U.S. Funding XV LLC** <br>5.810% due 12/10/2027 | 215 | 216 |
| **SCCU Auto Receivables Trust** <br>5.700% due 10/16/2028 | 126 | 127 |
|  |  | 2629 |
| **HOME EQUITY OTHER 2.6%**  |  |  |
| **Aames Mortgage Investment Trust** <br>4.326% due 04/25/2036 •  | 68 | 66 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.326% due 06/25/2036 •  | 102 | 76 |
| 4.746% due 08/25/2035 •  | 91 | 91 |
| **Argent Mortgage Loan Trust** <br>4.326% due 05/25/2035 •  | 253 | 232 |
| **Argent Securities Trust** <br>4.146% due 07/25/2036 •  | 203 | 186 |
| **Countrywide Asset-Backed Certificates** <br>4.346% due 03/25/2037 •  | 197 | 195 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.126% due 05/25/2035 •  | 17 | 17 |
| **First NLC Trust** <br>4.626% due 02/25/2036 •  | 676 | 668 |
| **Fremont Home Loan Trust** <br>4.116% due 10/25/2036 •  | 369 | 342 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.166% due 09/25/2036 •  | 1511 | 381 |
| 4.406% due 09/25/2034 •  | 26 | 26 |
| 4.446% due 01/25/2036 •  | 915 | 837 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.911% due 05/25/2035 •  | 1924 | 1873 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.341% due 07/25/2036 •  | 65 | 63 |
| **Residential Asset Mortgage Products Trust** <br>4.356% due 03/25/2036 •  | 365 | 362 |
| **Structured Asset Investment Loan Trust** <br>4.566% due 07/25/2035 •  | 180 | 174 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |  |
| 4.416% due 10/25/2036 •  |  | 36 | 36 |
| 4.641% due 02/25/2036 •  |  | 100 | 99 |
| **Washington Mutual Asset-Backed Certificates Trust** <br>4.286% due 02/25/2037 •  |  | 8695 | 2759 |
|  |  |  | 8483 |
| **HOME EQUITY SEQUENTIAL 1.5%**  |  |  |  |
| **Chase Funding Trust** <br>4.847% due 11/25/2034 þ |  | 4783 | 4757 |
| **MANUFACTURING HOUSE ABS OTHER 0.1%**  |  |  |  |
| **Lehman ABS Manufactured Housing Contract Trust** <br>7.170% due 04/15/2040 ~ |  | 363 | 346 |
| **WHOLE LOAN COLLATERAL 0.7%**  |  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.046% due 06/25/2036 •  |  | 1140 | 1172 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.281% due 11/25/2036 •  |  | 225 | 225 |
| **First Franklin Mortgage Loan Trust** <br>4.551% due 11/25/2036 •  |  | 723 | 712 |
|  |  |  | 2109 |
| **OTHER ABS 1.3%**  |  |  |  |
| **522 Funding CLO Ltd.** <br>5.186% due 10/20/2031 •  |  | 79 | 79 |
| **CIFC Funding Ltd.** <br>5.077% due 10/24/2030 •  |  | 62 | 62 |
| **College Avenue Student Loans LLC** <br>3.280% due 12/28/2048 |  | 58 | 55 |
| **Gallatin CLO VIII Ltd.** <br>5.256% due 07/15/2031 •  |  | 169 | 169 |
| **Madison Park Funding XXXV Ltd.** <br>5.136% due 04/20/2032 •  |  | 200 | 201 |
| **Navient Private Education Refi Loan Trust**  |  |  |  |
| 2.600% due 08/15/2068  |  | 471 | 456 |
| 5.465% due 11/15/2068 •  |  | 130 | 131 |
| **OZLM XXIV Ltd.** <br>5.306% due 07/20/2032 •  |  | 131 | 131 |
| **Saranac CLO VI Ltd.** <br>5.125% due 08/13/2031 •  |  | 42 | 42 |
| **SMB Private Education Loan Trust**  |  |  |  |
| 1.290% due 07/15/2053  |  | 211 | 202 |
| 5.500% due 06/17/2052  |  | 1596 | 1640 |
| 5.784% due 10/16/2056 •  |  | 476 | 486 |
| **Sound Point CLO IX Ltd.** <br>5.356% due 07/20/2032 •  |  | 300 | 300 |
| **TCI-Symphony CLO Ltd.** <br>5.193% due 10/13/2032 •  |  | 174 | 174 |
| **Vibrant CLO XI Ltd.** <br>5.266% due 07/20/2032 •  |  | 79 | 79 |
| **Voya Ltd.** <br>5.166% due 10/15/2030 •  |  | 16 | 16 |
|  |  |  | 4223 |
| Total Asset-Backed Securities (Cost $22,146) |  |  | 22547 |
| **SOVEREIGN ISSUES 9.5%**  |  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | BRL | 33500 | 5914 |
| **Colombia TES**  |  |  |  |
| 2.250% due 04/18/2029 (e)  | COP | 675124 | 158 |
| 3.000% due 03/25/2033 (e)  |  | 39713 | 8 |
| 6.500% due 01/22/2031 (e)  |  | 1429674 | 377 |
| 11.000% due 08/22/2029  |  | 13533500 | 3387 |
| 11.750% due 01/24/2035  |  | 3759600 | 927 |
| 12.750% due 11/28/2040  |  | 4442000 | 1153 |
| 13.250% due 02/09/2033  |  | 3021000 | 811 |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | EGP | 12100 | 254 |
| **French Republic Government Bonds OAT** <br>3.250% due 05/25/2055 | EUR | 600 | 568 |
| **Japan Government Thirty Year Bonds**  |  |  |  |
| 2.400% due 03/20/2055  | JPY | 460000 | 2413 |
| 2.800% due 06/20/2055  |  | 280000 | 1600 |
| **Mexico Bonos** <br>8.500% due 03/01/2029 | MXN | 44000 | 2467 |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | PEN | 6300 | 2139 |
| **Peru Government International Bonds** <br>5.400% due 08/12/2034 |  | 3100 | 920 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 90800 | 5722 |
| **Spain Government Bonds** <br>0.700% due 04/30/2032 | 1800 | 1856 |
| Total Sovereign Issues (Cost $30,543) |  | 30674 |
|  | SHARES |  |
| **COMMON STOCKS 2.9%**  |  |  |
| **COMMUNICATION SERVICES 0.3%**  |  |  |
| **Frontier Communications Parent, Inc. (b)** | 19317 | 736 |
| **TEGNA, Inc.** | 19432 | 377 |
|  |  | 1113 |
| **CONSUMER DISCRETIONARY 0.1%**  |  |  |
| **Udemy, Inc. (b)** | 35000 | 205 |
| **CONSUMER STAPLES 0.5%**  |  |  |
| **JDE Peet's NV** | 21565 | 807 |
| **Kenvue, Inc.** | 51500 | 888 |
|  |  | 1695 |
| **FINANCIALS 0.2%**  |  |  |
| **Brighthouse Financial, Inc. (b)** | 6100 | 395 |
| **Heritage Commerce Corp.** | 8600 | 103 |
| **Laurentian Bank of Canada** | 4728 | 139 |
|  |  | 637 |
| **HEALTH CARE 0.6%**  |  |  |
| **Amicus Therapeutics, Inc. (b)** | 31000 | 441 |
| **Avidity Biosciences, Inc. (b)** | 9000 | 649 |
| **Exact Sciences Corp. (b)** | 8000 | 813 |
|  |  | 1903 |
| **INDUSTRIALS 0.5%**  |  |  |
| **CSG Systems International, Inc.** | 4800 | 368 |
| **Norfolk Southern Corp.** | 2208 | 638 |
| **REV Group, Inc.** | 7900 | 480 |
|  |  | 1486 |
| **INFORMATION TECHNOLOGY 0.7%**  |  |  |
| **Confluent, Inc. Class A (b)** | 21000 | 635 |
| **CyberArk Software Ltd. (b)** | 1656 | 739 |
| **Qorvo, Inc. (b)** | 7100 | 600 |
| **SEMrush Holdings, Inc. Class A (b)** | 18200 | 216 |
|  |  | 2190 |
| **REAL ESTATE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (b)** | 347363 | 4 |
| Total Common Stocks (Cost $9,197) |  | 9233 |
| **EXCHANGE-TRADED FUNDS 7.9%**  |  |  |
| **iShares Core S&P 500 ETF** | 37255 | 25517 |
| Total Exchange-Traded Funds (Cost $25,387) |  | 25517 |
| **SHORT-TERM INSTRUMENTS 0.8%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (g) | 596739 | 597 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.6%**  |  |  |
| 3.742% due 01/02/2026 - 04/21/2026 (c)(d) | $1888 | 1879 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $2,476) |  | 2476 |
| Total Investments in Securities (Cost $164,829) |  | 163930 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 62.0%**  |  |  |
| **MUTUAL FUNDS (f) 39.0%**  |  |  |
| **PIMCO Income Fund**  | 2896633 | 31834 |
| **PIMCO International Bond Fund (U.S. Dollar-Hedged)**  | 6223354 | 61798 |
| **PIMCO Total Return Fund**  | 3576391 | 31687 |
| Total Mutual Funds (Cost $123,434) |  | 125319 |
| **SHORT-TERM INSTRUMENTS 23.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 23.0%**  |  |  |
| **PIMCO Short Asset Portfolio (f)** | 6381905 | 62651 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1145748 | 11161 |
| Total Short-Term Instruments (Cost $73,462) |  | 73812 |
| Total Investments in Affiliates (Cost $196,896) |  | 199131 |
| Total Investments 113.0% (Cost $361,725) |  | $363061 |
| **Financial Derivative Instruments (i)(k) 1.6**%(Cost or Premiums, net $4,896) |  | 5072 |
| Other Assets and Liabilities, net (14.6)% |  | (46879) |
| Net Assets 100.0% |  | $321254 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% | U.S. Government Agencies (4.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2041 | 01/01/2041 | $3800 | 3800 | $(3505) | (3505) | $(3519) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | 01/01/2056 | 12500 | 12500 | (10147) | (10147) | (10108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | 01/01/2056 | 2400 | 2400 | (2038) | (2038) | (2029) |
| **Total Short Sales (4.9)%** | **Total Short Sales (4.9)%** | **Total Short Sales (4.9)%** | **Total Short Sales (4.9)%** | **Total Short Sales (4.9)%** |  |  |  |  | $**(15690)** | **(15690)** | $**(15656)** |
| **(h)** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $1 have been pledged as collateral as of December 31, 2025 for equity short sales and equity options as governed by prime brokerage agreements and**<br> **agreements governing listed equity option transactions.** |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | 03/2026 | 34 | $2382 | 2382 | $0 | 0 | $ | 1 | $ | (1) |
| Brent Crude September Futures  | Brent Crude September Futures  | 07/2026 | 6 | 361 | 361 | (6) | (6) |  | 0 |  | (3) |
| Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | 03/2026 | 22 | 1816 | 1816 | (12) | (12) |  | 0 |  | (3) |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 25 | 2202 | 2202 | (20) | (20) |  | 0 |  | (5) |
| Cocoa July Futures  | Cocoa July Futures  | 07/2026 | 2 | 123 | 123 | 7 | 7 |  | 0 |  | 0 |
| Cocoa March Futures  | Cocoa March Futures  | 03/2026 | 2 | 121 | 121 | 4 | 4 |  | 0 |  | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 37 | 5051 | 5051 | (36) | (36) |  | 0 |  | (3) |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 03/2026 | 29 | 4096 | 4096 | (9) | (9) |  | 0 |  | (12) |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 4 | 502 | 502 | (1) | (1) |  | 0 |  | 0 |
| Gas Oil June Futures  | Gas Oil June Futures  | 06/2026 | 6 | 361 | 361 | (15) | (15) |  | 0 |  | (2) |
| Iron Ore March Futures  | Iron Ore March Futures  | 03/2026 | 42 | 440 | 440 | 22 | 22 |  | 0 |  | (1) |
| Live Cattle April Futures  | Live Cattle April Futures  | 04/2026 | 8 | 743 | 743 | 15 | 15 |  | 4 |  | 0 |
| LME Aluminum January Futures  | LME Aluminum January Futures  | 01/2026 | 7 | 521 | 521 | 43 | 43 |  | 0 |  | 0 |
| LME Aluminum March Futures  | LME Aluminum March Futures  | 03/2026 | 7 | 524 | 524 | 14 | 14 |  | 0 |  | (6) |
| LME Lead January Futures  | LME Lead January Futures  | 01/2026 | 10 | 495 | 495 | (11) | (11) |  | 0 |  | 0 |
| LME Lead March Futures  | LME Lead March Futures  | 03/2026 | 1 | 50 | 50 | 1 | 1 |  | 5 |  | (5) |
| LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 4 | 397 | 397 | 35 | 35 |  | 0 |  | 0 |
| LME Nickel March Futures  | LME Nickel March Futures  | 03/2026 | 4 | 399 | 399 | 33 | 33 |  | 13 |  | (1) |
| LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 10 | 773 | 773 | 34 | 34 |  | 0 |  | 0 |
| LME Zinc March Futures  | LME Zinc March Futures  | 03/2026 | 11 | 858 | 858 | 21 | 21 |  | 19 |  | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 26 | 3202 | 3202 | 22 | 22 |  | 6 |  | (2) |
| New York Harbor June Futures  | New York Harbor June Futures  | 05/2026 | 5 | 427 | 427 | (31) | (31) |  | 0 |  | (5) |
| Palladium March Futures  | Palladium March Futures  | 03/2026 | 1 | 165 | 165 | 18 | 18 |  | 0 |  | (8) |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Platinum April Futures  | Platinum April Futures  | 04/2026 | 04/2026 | 1 |  | 102 | 4 | 4 | 0 | 0 | 0 | (11) |
| RBOB Gasoline June Futures  | RBOB Gasoline June Futures  | 05/2026 | 05/2026 | 6 |  | 493 | (9) | (9) | 0 | 0 | 0 | (4) |
| Soybean March Futures  | Soybean March Futures  | 03/2026 | 03/2026 | 6 |  | 314 | (27) | (27) | 0 | 0 | 0 | (4) |
| Soybean Meal March Futures  | Soybean Meal March Futures  | 03/2026 | 03/2026 | 37 |  | 1108 | (102) | (102) | 0 | 0 | 0 | (11) |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 37 |  | 4277 | (33) | (33) | 0 | 0 | 0 | (8) |
| WTI Crude June Futures  | WTI Crude June Futures  | 05/2026 | 05/2026 | 5 |  | 285 | (7) | (7) | 0 | 0 | 0 | (3) |
|  |  |  |  |  |  |  | (46) | $ | 48 | 48 | $ | (98) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | 01/2026 | 01/2026 | 42 | $ | (14076) | 57 | 57 | 122 | 122 | 122 | 0 |
| Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | 03/2026 | 03/2026 | 25 |  | (8389) | (44) | (44) | 73 | 73 | 73 | 0 |
| Arabica Coffee July Futures  | Arabica Coffee July Futures  | 07/2026 | 07/2026 | 1 |  | (122) | 1 | 1 | 0 | 0 | 0 | 0 |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 84 |  | (6137) | (12) | (12) | 0 | 0 | 0 | (7) |
| Corn July Futures  | Corn July Futures  | 07/2026 | 07/2026 | 36 |  | (818) | 5 | 5 | 0 | 0 | 0 | 0 |
| Corn March Futures  | Corn March Futures  | 03/2026 | 03/2026 | 52 |  | (1145) | (6) | (6) | 1 | 1 | 1 | 0 |
| Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | 07/2026 | 07/2026 | 23 |  | (769) | (6) | (6) | 0 | 0 | 0 | 0 |
| Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | 03/2026 | 03/2026 | 7 |  | (225) | 10 | 10 | 0 | 0 | 0 | 0 |
| E-Mini S&P 500 Index March Futures  | E-Mini S&P 500 Index March Futures  | 03/2026 | 03/2026 | 2 |  | (689) | 0 | 0 | 0 | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 70 |  | (10494) | 77 | 77 | 19 | 19 | 19 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 47 |  | (6661) | 26 | 26 | 16 | 16 | 16 | 0 |
| Hard Red Winter Wheat July Futures  | Hard Red Winter Wheat July Futures  | 07/2026 | 07/2026 | 6 |  | (163) | 0 | 0 | 2 | 2 | 2 | 0 |
| Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | 03/2026 | 03/2026 | 10 |  | (257) | 13 | 13 | 3 | 3 | 3 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 14 |  | (11834) | 80 | 80 | 26 | 26 | 26 | 0 |
| Lean Hogs April Futures  | Lean Hogs April Futures  | 04/2026 | 04/2026 | 12 |  | (432) | (12) | (12) | 1 | 1 | 1 | 0 |
| LME Aluminum January Futures  | LME Aluminum January Futures  | 01/2026 | 01/2026 | 7 |  | (521) | (43) | (43) | 0 | 0 | 0 | 0 |
| LME Aluminum March Futures  | LME Aluminum March Futures  | 03/2026 | 03/2026 | 9 |  | (674) | (38) | (38) | 0 | 0 | 0 | 0 |
| LME Lead January Futures  | LME Lead January Futures  | 01/2026 | 01/2026 | 10 |  | (495) | 7 | 7 | 0 | 0 | 0 | 0 |
| LME Lead March Futures  | LME Lead March Futures  | 03/2026 | 03/2026 | 13 |  | (652) | 1 | 1 | 0 | 0 | 0 | 0 |
| LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 01/2026 | 4 |  | (397) | (35) | (35) | 0 | 0 | 0 | 0 |
| LME Nickel March Futures  | LME Nickel March Futures  | 03/2026 | 03/2026 | 2 |  | (200) | (19) | (19) | 0 | 0 | 0 | 0 |
| LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 01/2026 | 10 |  | (773) | (11) | (11) | 0 | 0 | 0 | 0 |
| LME Zinc March Futures  | LME Zinc March Futures  | 03/2026 | 03/2026 | 2 |  | (156) | (2) | (2) | 0 | 0 | 0 | 0 |
| Mini MSCI Emerging Markets Index March Futures  | Mini MSCI Emerging Markets Index March Futures  | 03/2026 | 03/2026 | 4 |  | (282) | (6) | (6) | 1 | 1 | 1 | 0 |
| Natural Gas July Futures  | Natural Gas July Futures  | 06/2026 | 06/2026 | 19 |  | (697) | 34 | 34 | 27 | 27 | 27 | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 02/2026 | 12 |  | (376) | 62 | 62 | 26 | 26 | 26 | 0 |
| Robusta Coffee March Futures  | Robusta Coffee March Futures  | 03/2026 | 03/2026 | 1 |  | (39) | (1) | (1) | 0 | 0 | 0 | 0 |
| Soybean July Futures  | Soybean July Futures  | 07/2026 | 07/2026 | 2 |  | (107) | 1 | 1 | 1 | 1 | 1 | 0 |
| Soybean Meal July Futures  | Soybean Meal July Futures  | 07/2026 | 07/2026 | 12 |  | (371) | 5 | 5 | 3 | 3 | 3 | 0 |
| Soybean Oil July Futures  | Soybean Oil July Futures  | 07/2026 | 07/2026 | 8 |  | (237) | 5 | 5 | 4 | 4 | 4 | 0 |
| Soybean Oil March Futures  | Soybean Oil March Futures  | 03/2026 | 03/2026 | 6 |  | (175) | 11 | 11 | 3 | 3 | 3 | 0 |
| Sugar No. 11 July Futures  | Sugar No. 11 July Futures  | 06/2026 | 06/2026 | 38 |  | (626) | (9) | (9) | 1 | 1 | 1 | (3) |
| Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | 02/2026 | 02/2026 | 2 |  | (34) | 2 | 2 | 0 | 0 | 0 | (1) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 53 |  | (11066) | (10) | (10) | 4 | 4 | 4 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 381 |  | (41645) | 152 | 152 | 45 | 45 | 45 | 0 |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 13 |  | (1462) | 3 | 3 | 3 | 3 | 3 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 1 |  | (118) | 1 | 1 | 0 | 0 | 0 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 79 |  | (9086) | 33 | 33 | 15 | 15 | 15 | 0 |
| Wheat July Futures  | Wheat July Futures  | 07/2026 | 07/2026 | 4 |  | (106) | 2 | 2 | 1 | 1 | 1 | 0 |
| Wheat March Futures  | Wheat March Futures  | 03/2026 | 03/2026 | 18 |  | (456) | 36 | 36 | 3 | 3 | 3 | 0 |
| White Sugar May Futures  | White Sugar May Futures  | 04/2026 | 04/2026 | 3 |  | (64) | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  | 370 | $ | 400 | 400 | $ | (11) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **324** | **$** | **448** | **448** | **$** | **(109)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.IG-45 10-Year Index  | Quarterly | 12/20/2035 | $ | $3500 | 3500 | $(27) | $(30) | (30) | (30) | $0 | 0 | $0 |
| iTraxx Crossover 44 5-Year Index  | Quarterly | 12/20/2030 | EUR | 80 | 80 | (10) | (11) | (11) | (11) | 0 | 0 | 0 |
|  |  |  |  |  |  | $(37) | $(41) | (41) | (41) | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| iTraxx Main 44 5-Year Index  | Quarterly | 12/20/2030 | EUR | 180 | 180 | $5 | $5 | 5 | 5 | $0 | 0 | $0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | 03/18/2028 | 7500 | $3 | $4 | $7 | 7 | $2 | $0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.750 | Annual | 03/18/2031 | 6700 | 36 | (1) | 35 | 35 | 8 | 0 |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 03/18/2036 | 2850 | 5 | 0 | 5 | 5 | 0 | (4) |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 03/18/2056 | 600 | (10) | 5 | (5) | (5) | 0 | (2) |
| Pay<sup>(6)</sup> | 1-Day INR-MIBOR Compounded-OIS | 5.750 | Semi-Annual | 03/18/2031 | 472620 | (23) | (19) | (42) | (42) | 2 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2027 | 510000 | 7 | 1 | 8 | 8 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 12/17/2027 | 270000 | 1 | (5) | (4) | (4) | 0 | (1) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.600 | Annual | 09/18/2029 | 690000 | 20 | 105 | 125 | 125 | 5 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2030 | 260700 | 7 | (36) | (29) | (29) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/17/2030 | 190000 | (2) | (23) | (25) | (25) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2032 | 660000 | 92 | (169) | (77) | (77) | 0 | (8) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/17/2032 | 70000 | (3) | (14) | (17) | (17) | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2035 | 290000 | 0 | (87) | (87) | (87) | 0 | (4) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 | 160000 | (6) | (47) | (53) | (53) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/17/2035 | 170000 | (1) | (36) | (37) | (37) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.300 | Annual | 12/18/2044 | 260000 | (91) | (214) | (305) | (305) | 0 | (3) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/18/2045 | 20400 | (7) | 17 | 10 | 10 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | Annual | 12/15/2051 | 190000 | 488 | 49 | 537 | 537 | 3 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/18/2055 | 120000 | 30 | 95 | 125 | 125 | 3 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.250 | Annual | 09/17/2055 | 60000 | (13) | (31) | (44) | (44) | 0 | (1) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 | 280000 | 12 | 111 | 123 | 123 | 7 | 0 |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | Semi-Annual | 09/17/2030 | 5200 | 7 | 59 | 66 | 66 | 0 | (11) |
| Pay<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | Semi-Annual | 03/18/2031 | 5090 | (89) | 3 | (86) | (86) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2027 | $23100 | (52) | (26) | (78) | (78) | 13 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2027 | 7400 | 23 | 2 | 25 | 25 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 20600 | 310 | (37) | 273 | 273 | 0 | (33) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 14200 | 189 | (60) | 129 | 129 | 0 | (28) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 1200 | (1) | 8 | 7 | 7 | 3 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 1957 | 5 | 3 | 8 | 8 | 5 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 6900 |  | (30) |  | 58 |  | 28 |  | 17 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 11/15/2053 |  | 1100 |  | 23 |  | 16 |  | 39 |  | 4 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 11/15/2053 |  | 3232 |  | 6 |  | 49 |  | 55 |  | 11 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.427 | Annual | 03/20/2055 |  | 6400 |  | 47 |  | 134 |  | 181 |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 5600 |  | 262 |  | 142 |  | 404 |  | 18 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 500 |  | (11) |  | (3) |  | (14) |  | 0 |  | (2) |
| Pay | Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | BRL | 1500 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 14000 |  | 0 |  | (12) |  | (12) |  | 0 |  | (2) |
| Pay | Pay | 1-Year BRL-CDI | 12.000 | Maturity | 01/02/2029 |  | 22500 |  | (128) |  | (5) |  | (133) |  | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.200 | Maturity | 01/02/2029 |  | 12100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 9000 |  | 0 |  | (9) |  | (9) |  | 0 |  | (3) |
| Pay | Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 1000 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 03/18/2031 | CNY | 10940 |  | (10) |  | 3 |  | (7) |  | 0 |  | 0 |
| Receive | Receive | 3-Month COP-IBR Compounded-OIS | 8.610 | Quarterly | 08/22/2029 | COP | 9019000 |  | (9) |  | 166 |  | 157 |  | 0 |  | (3) |
| Pay | Pay | 3-Month COP-IBR Compounded-OIS | 8.620 | Quarterly | 01/23/2030 |  | 3076900 |  | 2 |  | (60) |  | (58) |  | 1 |  | 0 |
| Receive | Receive | 3-Month COP-IBR Compounded-OIS | 9.630 | Quarterly | 12/17/2030 |  | 18661600 |  | 68 |  | 146 |  | 214 |  | 0 |  | (7) |
| Receive | Receive | 3-Month ILS-TELBOR | 3.800 | Annual | 07/04/2030 | ILS | 2900 |  | (10) |  | 7 |  | (3) |  | 0 |  | (1) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 3-Month KRW-KORIBOR | 2.500 | Quarterly | 03/18/2031 | KRW | 10882380 |  | (212) |  | (23) |  | (235) |  | 0 |  | (1) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 3-Month MYR-KLIBOR | 3.000 | Quarterly | 03/18/2031 | MYR | 13740 |  | 43 |  | 16 |  | 59 |  | 0 |  | 0 |
| Pay | Pay | 3-Month ZAR-JIBAR | 8.750 | Quarterly | 03/20/2029 | ZAR | 34500 |  | 61 |  | 82 |  | 143 |  | 1 |  | 0 |
| Receive | Receive | 3-Month ZAR-JIBAR | 8.649 | Quarterly | 04/03/2029 |  | 155400 |  | (539) |  | (118) |  | (657) |  | 0 |  | (6) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 | AUD | 7100 |  | 52 |  | (99) |  | (47) |  | 0 |  | (6) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 2100 |  | 26 |  | (54) |  | (28) |  | 0 |  | (3) |
| Pay | Pay | 6-Month CLP-CHILIBOR | 4.000 | Semi-Annual | 09/17/2030 |  | 2700 |  | 18 |  | (51) |  | (33) |  | 0 |  | (2) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 3.920 | Annual | 04/21/2030 | ILS | 25400 |  | 4 |  | (249) |  | (245) |  | 0 |  | (4) |
| Receive | Receive | 6-Month CZK-PRIBOR | 5.225 | Annual | 07/29/2027 | CZK | 60 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Pay | Pay | 6-Month CZK-PRIBOR | 3.534 | Annual | 03/21/2029 |  | 143100 |  | (18) |  | 114 |  | 96 |  | 6 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.000 | Annual | 03/18/2028 | EUR | 3700 |  | 16 |  | 10 |  | 26 |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.081 | Annual | 02/15/2031 |  | 8700 |  | (891) |  | (414) |  | (1305) |  | 0 |  | (7) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 9100 |  | (20) |  | 76 |  | 56 |  | 7 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 15900 |  | (118) |  | (218) |  | (336) |  | 0 |  | (22) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 3890 |  | 22 |  | 210 |  | 232 |  | 13 |  | 0 |
| Receive | Receive | 6-Month HUF-BBR | 6.200 | Annual | 03/20/2029 | HUF | 568300 |  | 2 |  | (69) |  | (67) |  | 0 |  | (4) |
| Receive | Receive | 6-Month PLN-WIBOR | 5.020 | Annual | 03/21/2029 | PLN | 32600 |  | (36) |  | (580) |  | (616) |  | 0 |  | (9) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month THB-THBFIX | 1.000 | Quarterly | 03/18/2031 | THB | 80630 |  | 11 |  | 18 |  | 29 |  | 0 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 8.835 | Lunar | 03/13/2029 | MXN | 13700 |  | (5) |  | 30 |  | 25 |  | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 9.050 | Lunar | 12/12/2029 |  | 27100 |  | (82) |  | 5 |  | (77) |  | 0 |  | (2) |
| Receive | Receive | CAONREPO | 3.500 | Semi-Annual | 12/18/2026 | CAD | 2100 |  | (25) |  | 7 |  | (18) |  | 0 |  | 0 |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/18/2030 |  | 9100 |  | (141) |  | 69 |  | (72) |  | 4 |  | 0 |
| Pay | Pay | CAONREPO | 2.750 | Semi-Annual | 09/17/2030 |  | 1700 |  | (8) |  | 8 |  | 0 |  | 0 |  | (1) |
| Receive | Receive | CAONREPO | 2.750 | Semi-Annual | 03/19/2035 |  | 3100 |  | 87 |  | (23) |  | 64 |  | 3 |  | 0 |
| Pay | Pay | CAONREPO | 3.000 | Semi-Annual | 09/17/2035 |  | 4600 |  | (40) |  | 5 |  | (35) |  | 0 |  | (4) |
| Receive | Receive | CAONREPO | 2.750 | Semi-Annual | 12/17/2035 |  | 1600 |  | 14 |  | 27 |  | 41 |  | 1 |  | 0 |
| Pay | Pay | CAONREPO | 3.250 | Semi-Annual | 06/18/2055 |  | 200 |  | 4 |  | (12) |  | (8) |  | 0 |  | 0 |
|  |  |  |  |  |  |  |  | $(628) | (628) | $(944) | (944) | $(1572) | (1572) | $151 | 151 | $(198) | (198) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(660)** | **(660)** | $**(948)** | **(948)** | $**(1608)** | **(1608)** | $**151** | **151** | $**(198)** | **(198)** |
| **(j)** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,545 and cash of $4,965 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. | Unsettled variation margin asset of $5 and liability of $(2) for closed futures is outstanding at period end. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |

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<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 532 | $97 | 97 | $0 | $0 |
|  |  | 01/2026  | 46543 | 50 | 50 | 0 | (2) |
|  |  | 01/2026  | 389136 | 102 | 102 | 0 | 0 |
|  |  | 01/2026  | 261500 | 1692 | 1692 | 22 | 0 |
|  |  | 01/2026  | 1007749 | 688 | 688 | 0 | (11) |
|  |  | 01/2026  | 989 | 270 | 270 | 0 | (5) |
|  |  | 01/2026  | 12644 | 390 | 390 | 0 | (11) |
|  |  | 01/2026  | 16440 | 539 | 539 | 15 | 0 |
|  |  | 01/2026  | $100 | 532 | 532 | 0 | (3) |
|  |  | 01/2026  | 51 | 46543 | 46543 | 1 | 0 |
|  |  | 01/2026  | 13 | 43 | 43 | 0 | 0 |
|  |  | 01/2026  | 1755 | 2571970 | 2571970 | 29 | 0 |
|  |  | 01/2026  | 1126 | 4101 | 4101 | 16 | 0 |
|  |  | 01/2026  | 33 | 1049 | 1049 | 0 | 0 |
|  |  | 01/2026  | 115 | 1912 | 1912 | 1 | 0 |
|  |  | 02/2026  | 170105 | $44 | 44 | 0 | 0 |
|  |  | 02/2026  | 532 | 167 | 167 | 0 | 0 |
|  |  | 03/2026  | 46543 | 51 | 51 | 0 | (1) |
|  |  | 03/2026  | 755742 | 197 | 197 | 2 | 0 |
|  |  | 03/2026  | 10491 | 3112 | 3112 | 0 | (1) |
|  |  | 03/2026  | $475 | 8635 | 8635 | 1 | 0 |
|  |  | 04/2026  | 45 | 833 | 833 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 655 | $430 | 430 | 0 | (7) |
|  |  | 01/2026  | 64 | 81 | 81 | 0 | 0 |
|  |  | 01/2026  | 16293 | 2328 | 2328 | 0 | (8) |
|  |  | 01/2026  | 111 | 150 | 150 | 1 | 0 |
|  |  | 01/2026  | 2477906 | 148 | 148 | 0 | 0 |
|  |  | 01/2026  | 1617 | 498 | 498 | 0 | (10) |
|  |  | 01/2026  | 13523 | 150 | 150 | 0 | 0 |
|  |  | 01/2026  | 56100 | 363 | 363 | 5 | 0 |
|  |  | 01/2026  | 678020 | 460 | 460 | 0 | (10) |
|  |  | 01/2026  | 227 | 129 | 129 | 0 | (2) |
|  |  | 01/2026  | 1021 | 279 | 279 | 0 | (5) |
|  |  | 01/2026  | 54901 | 1807 | 1807 | 59 | 0 |
|  |  | 01/2026  | $682 | 4775 | 4775 | 3 | 0 |
|  |  | 01/2026  | 11 | 43148 | 43148 | 0 | 0 |
|  |  | 01/2026  | 264 | 854 | 854 | 4 | 0 |
|  |  | 01/2026  | 70 | 6324 | 6324 | 0 | 0 |
|  |  | 01/2026  | 906 | 53505 | 53505 | 1 | 0 |
|  |  | 01/2026  | 343 | 1239 | 1239 | 2 | 0 |
|  |  | 01/2026  | 1064 | 33446 | 33446 | 2 | (2) |
|  |  | 01/2026  | 272 | 4531 | 4531 | 1 | 0 |
|  |  | 01/2026  | 1740 | $104 | 104 | 0 | (1) |
|  |  | 02/2026  | 115050 | 30 | 30 | 0 | 0 |
|  |  | 02/2026  | $159 | 14309 | 14309 | 0 | 0 |
|  |  | 02/2026  | 404 | 12673 | 12673 | 0 | (1) |
|  |  | 03/2026  | 22894 | $1100 | 1100 | 0 | (15) |
|  |  | 03/2026  | 8691 | 280 | 280 | 3 | 0 |
|  |  | 04/2026  | 5000 | 875 | 875 | 0 | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 65 | 47 | 47 | 0 | (1) |
|  |  | 01/2026  | 236 | 274 | 274 | 0 | (3) |
|  |  | 01/2026  | 353 | 110 | 110 | 0 | (1) |
|  |  | 01/2026  | 2510 | 611 | 611 | 0 | (8) |
|  |  | 01/2026  | 22150 | 493 | 493 | 0 | (21) |
|  |  | 01/2026  | $40 | 667160 | 667160 | 0 | 0 |
|  |  | 01/2026  | 262 | 855 | 855 | 7 | 0 |
|  |  | 01/2026  | 392 | 1595 | 1595 | 2 | 0 |
|  |  | 01/2026  | 33 | 119 | 119 | 1 | 0 |
|  |  | 01/2026  | 1199 | 1549 | 1549 | 7 | 0 |
|  |  | 01/2026  | 78757 | $4613 | 4613 | 0 | (136) |
|  |  | 02/2026  | 227 | 71 | 71 | 0 | (1) |
|  |  | 02/2026  | 6566 | 145 | 145 | 0 | (4) |
|  |  | 02/2026  | $840 | 37974 | 37974 | 25 | 0 |
|  |  | 03/2026  | 377 | 6983 | 6983 | 8 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 2029 | $369 | 369 | 0 | (1) |
|  |  | 01/2026  | 91920 | 591 | 591 | 3 | 0 |
|  |  | 01/2026  | 193 | 53 | 53 | 0 | (1) |
|  |  | 01/2026  | $365 | 2029 | 2029 | 5 | 0 |
|  |  | 01/2026  | 205 | 735 | 735 | 13 | 0 |
|  |  | 02/2026  | 2044 | $365 | 365 | 0 | (5) |
|  |  | 02/2026  | 901522 | 232 | 232 | 0 | (2) |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 02/2026  | $425 | 1487 | 16 | 0 |
|  | 04/2026  | 9400 | $1655 | 1 | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 4887 | 890 | 3 | (5) |
|  | 01/2026  | 5346999 | 1388 | 3 | (16) |
|  | 01/2026  | 1455 | 227 | 0 | (2) |
|  | 01/2026  | 442 | 515 | 0 | (5) |
|  | 01/2026  | 649 | 199 | 0 | (5) |
|  | 01/2026  | 13285 | 147 | 0 | (1) |
|  | 01/2026  | 494802 | 337 | 0 | (6) |
|  | 01/2026  | 6643 | 651 | 0 | (8) |
|  | 01/2026  | 294 | 170 | 0 | 0 |
|  | 01/2026  | 579 | 161 | 0 | (1) |
|  | 01/2026  | 3227 | 103 | 0 | 0 |
|  | 01/2026  | 22728 | 528 | 0 | (2) |
|  | 01/2026  | 76087 | 2502 | 79 | 0 |
|  | 01/2026  | $890 | 4887 | 3 | (1) |
|  | 01/2026  | 437 | 3050 | 1 | 0 |
|  | 01/2026  | 357 | 1375321 | 5 | 0 |
|  | 01/2026  | 701 | 600 | 5 | 0 |
|  | 01/2026  | 418 | 316 | 8 | 0 |
|  | 01/2026  | 4542 | 405553 | 3 | (44) |
|  | 01/2026  | 90 | 304 | 0 | 0 |
|  | 01/2026  | 8 | 27 | 0 | 0 |
|  | 01/2026  | 1 | 18 | 0 | 0 |
|  | 01/2026  | 882 | 27600 | 0 | (3) |
|  | 01/2026  | 313 | 5309 | 7 | 0 |
|  | 02/2026  | 11521473 | $2964 | 1 | (34) |
|  | 02/2026  | 416 | 131 | 0 | 0 |
|  | 02/2026  | 1396212 | 968 | 0 | 0 |
|  | 02/2026  | 1573 | 449 | 0 | (18) |
|  | 02/2026  | $156 | 525 | 0 | 0 |
|  | 02/2026  | 10 | 324 | 0 | 0 |
|  | 03/2026  | 264326 | $284 | 0 | (10) |
|  | 03/2026  | 792938 | 209 | 3 | 0 |
|  | 03/2026  | 27941 | 891 | 3 | 0 |
|  | 03/2026  | $768 | 741385 | 56 | 0 |
|  | 03/2026  | 201 | 678 | 1 | 0 |
|  | 04/2026  | 413979 | $108 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 1193 | 217 | 0 | (1) |
|  | 01/2026  | 380 | 118 | 0 | (1) |
|  | 01/2026  | 6460 | 72 | 0 | 0 |
|  | 01/2026  | 3361002 | 2296 | 0 | (35) |
|  | 01/2026  | 225 | 130 | 1 | 0 |
|  | 01/2026  | 33300 | 1062 | 2 | 0 |
|  | 01/2026  | $222 | 1193 | 0 | (4) |
|  | 01/2026  | 638 | 2035 | 1 | 0 |
|  | 01/2026  | 1435 | 127764 | 0 | (17) |
|  | 01/2026  | 407 | 597350 | 8 | 0 |
|  | 01/2026  | 718 | 22609 | 2 | (2) |
|  | 01/2026  | 103 | 1737 | 2 | 0 |
|  | 01/2026  | 4706 | $270 | 0 | (14) |
|  | 02/2026  | 2034 | 638 | 0 | (1) |
|  | 02/2026  | $332 | 109456 | 1 | 0 |
|  | 02/2026  | 14 | 437 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 203 | $131 | 0 | (4) |
|  | 01/2026  | 67 | 83 | 0 | (1) |
|  | 01/2026  | 2262 | 321 | 0 | (3) |
|  | 01/2026  | 13342 | 719 | 0 | (20) |
|  | 01/2026  | 483 | 277 | 0 | (1) |
|  | 01/2026  | 1356 | 401 | 0 | (3) |
|  | 01/2026  | 471 | 128 | 0 | (3) |
|  | 01/2026  | $338 | 1083 | 2 | 0 |
|  | 01/2026  | 176 | 642 | 3 | 0 |
|  | 01/2026  | 105 | 1765 | 1 | 0 |
|  | 01/2026  | 3594 | $209 | 0 | (8) |
|  | 02/2026  | 1082 | 338 | 0 | (2) |
|  | 06/2026  | $218 | 740 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 1189 | $855 | 0 | (12) |
|  | 01/2026  | 1534 | 1913 | 0 | (25) |
|  | 01/2026  | 53312 | 14 | 0 | 0 |
|  | 01/2026  | 839429 | 50 | 0 | 0 |
|  | 01/2026  | 2964 | 917 | 0 | (13) |
|  | 01/2026  | 242 | 59 | 0 | (1) |
|  | 01/2026  | 32756 | 1029 | 0 | (12) |
|  | 01/2026  | $321 | 2261 | 4 | 0 |
|  | 01/2026  | 221 | 809 | 4 | 0 |
|  | 01/2026  | 102 | 3231 | 1 | 0 |
|  | 01/2026  | 818 | 14023 | 28 | 0 |
|  | 01/2026  | 2673 | $155 | 0 | (6) |
|  | 02/2026  | 3137 | 569 | 1 | 0 |
|  | 02/2026  | 149025 | 39 | 0 | 0 |
|  | 02/2026  | $380 | 2101 | 1 | 0 |
|  | 02/2026  | 232 | 4300 | 6 | 0 |
|  | 03/2026  | 57900 | $15 | 0 | 0 |
|  | 03/2026  | $4275 | 23683 | 0 | (9) |
|  | 03/2026  | 178 | 3308 | 4 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 19100 | $3367 |  | 9 |  | (56) |
|  | 04/2026  | $671 | 12303 |  | 6 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 14215 | $465 |  | 12 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 9418 | 1337 |  | 0 |  | (14) |
|  | 01/2026  | 6791 | 2084 |  | 0 |  | (48) |
|  | 01/2026  | 8841 | 99 |  | 1 |  | 0 |
|  | 01/2026  | 290832 | 198 |  | 0 |  | (4) |
|  | 01/2026  | 432 | 251 |  | 2 |  | 0 |
|  | 01/2026  | 2529 | 691 |  | 0 |  | (13) |
|  | 01/2026  | $401 | 2814 |  | 3 |  | 0 |
|  | 01/2026  | 1037 | 7299 |  | 4 |  | 0 |
|  | 01/2026  | 591 | 4596 |  | 0 |  | 0 |
|  | 01/2026  | 1438 | 128711 |  | 0 |  | (9) |
|  | 01/2026  | 4735 | 6794575 |  | 0 |  | (23) |
|  | 01/2026  | 835 | 3097 |  | 28 |  | 0 |
|  | 01/2026  | 176 | 5623 |  | 2 |  | 0 |
|  | 01/2026  | 980 | $57 |  | 0 |  | (2) |
|  | 02/2026  | 57600 | 15 |  | 0 |  | 0 |
|  | 02/2026  | 6785658 | 4735 |  | 30 |  | 0 |
|  | 02/2026  | $101 | 1878 |  | 3 |  | 0 |
|  | 03/2026  | 57975 | $15 |  | 0 |  | 0 |
|  | 03/2026  | 9939 | 538 |  | 0 |  | (10) |
|  | 03/2026  | $418 | 7658 |  | 5 |  | 0 |
|  | 04/2026  | 140 | 2576 |  | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 1907 | $2387 |  | 0 |  | (23) |
|  | 01/2026  | 1123 | 1494 |  | 0 |  | (20) |
|  | 01/2026  | 7047 | 78 |  | 0 |  | 0 |
|  | 01/2026  | 75740 | 488 |  | 4 |  | 0 |
|  | 01/2026  | 222638 | 152 |  | 0 |  | (3) |
|  | 01/2026  | 294 | 170 |  | 1 |  | 0 |
|  | 01/2026  | 6110 | 4709 |  | 0 |  | (47) |
|  | 01/2026  | 4 | 0 |  | 0 |  | 0 |
|  | 01/2026  | $1562 | 2199 |  | 41 |  | 0 |
|  | 01/2026  | 129 | 11717 |  | 1 |  | 0 |
|  | 01/2026  | 462 | 805 |  | 1 |  | 0 |
|  | 01/2026  | 49 | 179 |  | 1 |  | 0 |
|  | 01/2026  | 572 | 5451 |  | 20 |  | 0 |
|  | 01/2026  | 419 | 13386 |  | 6 |  | 0 |
|  | 01/2026  | 51 | 1617 |  | 0 |  | 0 |
|  | 02/2026  | 412 | 7628 |  | 10 |  | 0 |
|  | 03/2026  | 174 | 3201 |  | 3 |  | 0 |
|  | 04/2026  | 118 | 2177 |  | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 603 | 2476 |  | 8 |  | 0 |
|  | 02/2026  | 887 | $276 |  | 0 |  | (3) |
|  | 04/2026  | $219 | 3998 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 5509601 | $3765 |  | 0 |  | (56) |
|  | 01/2026  | $273 | 400683 |  | 5 |  | 0 |
|  | 03/2026  | 47 | 2157 |  | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 01/2026  | 120209 | $82 |  | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 01/2026  | 124 | 90 |  | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 4511 | 640 |  | 0 |  | (7) |
|  | 01/2026  | 4121605 | 246 |  | 0 |  | 0 |
|  | 01/2026  | 2729 | 30 |  | 0 |  | 0 |
|  | 01/2026  | 71304 | 459 |  | 3 |  | 0 |
|  | 01/2026  | 17481 | 574 |  | 17 |  | 0 |
|  | 01/2026  | $49 | 4449 |  | 0 |  | 0 |
|  | 01/2026  | 918 | 142100 |  | 0 |  | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 366738 | $97 |  | 0 |  | 0 |
|  | 01/2026  | 2606 | 3018 |  | 0 |  | (47) |
|  | 01/2026  | 9370 | 103 |  | 0 |  | (1) |
|  | 01/2026  | 266738 | 1705 |  | 1 |  | 0 |
|  | 01/2026  | $1125 | 859 |  | 33 |  | 0 |
|  | 02/2026  | 107 | 1974 |  | 2 |  | 0 |
|  | 03/2026  | 551638 | $569 |  | 0 |  | (44) |
|  | 03/2026  | 945 | 50 |  | 0 |  | (2) |
|  | 03/2026  | 9 | 3 |  | 0 |  | 0 |
|  | 03/2026  | $339 | 6344 |  | 11 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 8882 | $283 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 336 | 419 |  | 0 |  | (5) |
|  | 01/2026  | 691 | 189 |  | 0 |  | (3) |
|  | 01/2026  | $1061 | 845 |  | 7 |  | 0 |
|  | 01/2026  | 3390 | 13325462 |  | 107 |  | 0 |
|  | 01/2026  | 328 | 1187 |  | 2 |  | 0 |
|  | 01/2026  | 5077 | $292 |  | 0 |  | (14) |
|  | 02/2026  | 10946831 | 2923 |  | 80 |  | 0 |
|  | 02/2026  | $100 | 1861 |  | 3 |  | 0 |
|  | 03/2026  | 285517 | $307 |  | 0 |  | (10) |
|  | 03/2026  | 5088410 | 1295 |  | 0 |  | (23) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**989** | **989** | $**(1183)** | **(1183)** |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Cost | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value |
| BOA | BOA | BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | 1415.000 | 1415.000 | 02/19/2026 | 02/19/2026 |  | 2400 | $ | 16 | 16 | 16 | $13 | 13 | 13 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Cost | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value |
| MYC | MYC | MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.427% | 03/20/2045 | 03/20/2045 | 03/20/2045 |  | 30000 | $ | 3117 | 3117 | 3117 | $2623 | 2623 | 2623 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.427 | 03/20/2045 | 03/20/2045 | 03/20/2045 |  | 30000 |  | 3116 | 3116 | 3116 | 3480 | 3480 | 3480 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6233 | 6233 | 6233 | $6103 | 6103 | 6103 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **6249** | **6249** | **6249** | $**6116** | **6116** | **6116** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BOA | BOA | BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | 1375.000 | 1375.000 | 02/19/2026 | 02/19/2026 |  | 2400 | $ | (6) | (6) | (6) | $(4) | (4) | (4) |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Initial<br>Index | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| GLM | GLM | GLM | Cap - OTC CPALEMU  | 100.151 | 100.151 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 06/22/2035 | 06/22/2035 |  | 6400 | $ | (308) | (308) | (308) | $(135) | (135) | (135) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(314)** | **(314)** | **(314)** | $**(139)** | **(139)** | **(139)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500% | Monthly | Monthly | 11/17/2059 | 11/17/2059 | $ | 1600 | $ | (48) | (48) | 53 | $ | 5 | 5 | $ | 0 |
|  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | Monthly | Monthly | 09/17/2058 | 09/17/2058 |  | 244 |  | (15) | (15) | 15 |  | 0 | 0 |  | 0 |
| MYC | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 | 11/17/2059 |  | 7100 |  | (235) | (235) | 256 |  | 21 | 21 |  | 0 |
| UAG | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 | 11/17/2059 |  | 2800 |  | (81) | (81) | 90 |  | 9 | 9 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(379) | (379) | $414 | 414 | $35 | 35 | 35 | $0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | Receive | MLPIREIL Index  | MLPIREIL Index  | 100537 | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | Monthly | 06/10/2026 | 06/10/2026 | 06/10/2026 | $9632 | 9632 | $0 | 0 | $(10) | (10) | $0 | 0 | 0 | $(10) |
|  |  | Pay | MLPIREIS Index  | MLPIREIS Index  | 93111 | &nbsp;&nbsp; 4.140% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.140% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.140% (FEDL01 plus a specified spread) | Monthly | 06/10/2026 | 06/10/2026 | 06/10/2026 | 8820 | 8820 | 0 | 0 | 10 | 10 | 10 | 10 | 10 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | JPACWILV Index  | JPACWILV Index  | 1517152 | &nbsp;&nbsp; 4.19% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.19% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.19% (FEDL01 plus a specified spread) | Monthly | 10/07/2026 | 10/07/2026 | 10/07/2026 | 197873 | 197873 | 0 | 0 | (992) | (992) | 0 | 0 | 0 | (992) |
| &nbsp;&nbsp; MBC | &nbsp;&nbsp; MBC | Receive | NDUEACWF Index  | NDUEACWF Index  | 34923 | &nbsp;&nbsp; 4.110% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.110% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.110% (SOFR plus a specified spread) | Monthly | 09/23/2026 | 09/23/2026 | 09/23/2026 | 19482 | 19482 | 0 | 0 | (70) | (70) | 0 | 0 | 0 | (70) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $0 | 0 | $(1062) | (1062) | $10 | 10 | 10 | $(1072) |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | # of Shares | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | Coursera, Inc.  | N/A | &nbsp;&nbsp; 3.900% (SOFR less a specified spread) | Monthly | 12/18/2026 | $221 | 221 | $0 | 0 | $15 | 15 | $15 | 15 | $0 |
|  |  | Pay | CVB Financial Corp.  | N/A | &nbsp;&nbsp; 3.900% (SOFR less a specified spread) | Monthly | 12/18/2026 | 110 | 110 | 0 | 0 | 5 | 5 | 5 | 5 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Pay | Sky Works Solutions,Inc.  | N/A | &nbsp;&nbsp; 4.000% (SOFR less a specified spread) | Monthly | 10/29/2026 | 432 | 432 | 0 | 0 | 2 | 2 | 2 | 2 | 0 |
|  |  | Pay | Terex Corp.  | N/A | &nbsp;&nbsp; 3.550% (SOFR less a specified spread) | Monthly | 11/02/2026 | 414 | 414 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | Pay | Palo Alto Networks,Inc.  | N/A | &nbsp;&nbsp; 4.025% (SOFR less a specified spread) | Monthly | 03/25/2026 | 671 | 671 | 0 | 0 | 3 | 3 | 3 | 3 | 0 |
|  |  | Pay | Union Pacific Corp.  | N/A | &nbsp;&nbsp; 4.050% (SOFR less a specified spread) | Monthly | 03/25/2026 | 511 | 511 | 0 | 0 | (1) | (1) | 0 | 0 | (1) |
|  |  | Pay | Kimberly - Clark Corp.  | N/A | &nbsp;&nbsp; 3.850% (SOFR less a specified spread) | Monthly | 11/06/2026 | 765 | 765 | 0 | 0 | (4) | (4) | 0 | 0 | (4) |
|  |  |  |  |  |  |  |  |  | $ | 0 | $ | 21 | 21 | 26 | $ | (5) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(379)** | **$** | **(627)** | **(627)** | **71** | **$** | **(1077)** |
| **(l)** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $35 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Consolidated Schedule of Investments PIMCO Global Core Asset Allocation Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $8 | $0 | $8 |
| Industrials | 0 | 497 | 0 | 497 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | 0 | 1 | 26 | 27 |
| U.S. Government Agencies | 0 | 54022 | 0 | 54022 |
| U.S. Treasury Obligations | 0 | 12317 | 0 | 12317 |
| Non-Agency Mortgage-Backed Securities | 0 | 6612 | 0 | 6612 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 2629 | 0 | 2629 |
| Home Equity Other | 0 | 8483 | 0 | 8483 |
| Home Equity Sequential | 0 | 4757 | 0 | 4757 |
| Manufacturing House ABS Other | 0 | 346 | 0 | 346 |
| Whole Loan Collateral | 0 | 2109 | 0 | 2109 |
| Other ABS | 0 | 4223 | 0 | 4223 |
| Sovereign Issues | 0 | 30674 | 0 | 30674 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | 1113 | 0 | 0 | 1113 |
| Consumer Discretionary | 205 | 0 | 0 | 205 |
| Consumer Staples | 888 | 807 | 0 | 1695 |
| Financials | 637 | 0 | 0 | 637 |
| Health Care | 1903 | 0 | 0 | 1903 |
| Industrials | 1486 | 0 | 0 | 1486 |
| Information Technology | 2190 | 0 | 0 | 2190 |
| Real Estate | 0 | 4 | 0 | 4 |
| Exchange-Traded Funds | 25517 | 0 | 0 | 25517 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 597 | 0 | 597 |
| U.S. Treasury Bills | 0 | 1879 | 0 | 1879 |
|  | $33939 | $129965 | $26 | $163930 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Mutual Funds | 125319 | 0 | 0 | 125319 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | 73812 | 0 | 0 | 73812 |
|  | $199131 | $0 | $0 | $199131 |
| Total Investments | $233070 | $129965 | $26 | $363061 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(15656) | $0 | $(15656) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 381 | 218 | 0 | 599 |
| Over the counter | 0 | 7176 | 0 | 7176 |
|  | $381 | $7394 | $0 | $7775 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (101) | (206) | 0 | (307) |
| Over the counter | 0 | (2399) | 0 | (2399) |
|  | $(101) | $(2605) | $0 | $(2706) |
| Total Financial Derivative Instruments | $280 | $4789 | $0 | $5069 |
| Totals | $233350 | $119098 | $26 | $352474 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO GNMA and Government Securities Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 265.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Preferred Term Securities X Ltd./Preferred Term Securities X, Inc.** <br>5.120% (US0003M + 0.860%) due 07/03/2033 ~ | $46 | $46 |
| Total Corporate Bonds & Notes (Cost $39) |  | 46 |
| **U.S. GOVERNMENT AGENCIES 259.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 1.500% due 12/01/2050 - 04/01/2051 | 240 | 186 |
| 2.000% due 01/01/2036 - 10/01/2036 | 5754 | 5336 |
| 2.500% due 01/01/2028 - 03/01/2052 | 15927 | 14085 |
| 3.000% due 10/01/2026 - 02/01/2052 | 15739 | 14970 |
| 3.000% due 02/01/2040 - 07/01/2051 (f) | 46268 | 41621 |
| 3.050% due 03/01/2032 | 1771 | 1644 |
| 3.500% due 03/01/2042 - 02/01/2050 | 11786 | 11127 |
| 3.851% due 01/01/2050 •  | 760 | 752 |
| 4.000% due 04/01/2041 - 04/01/2049 | 19299 | 18714 |
| 4.400% due 06/01/2030 | 615 | 618 |
| 4.500% due 01/01/2036 - 06/01/2053 | 3631 | 3620 |
| 5.000% due 07/01/2033 - 09/01/2053 | 7398 | 7476 |
| 5.500% due 09/01/2034 - 05/01/2054 | 25745 | 26419 |
| 5.500% due 06/01/2039 - 01/01/2055 (f) | 166453 | 169211 |
| 6.000% due 06/01/2045 - 09/01/2055 | 19453 | 20294 |
| 6.000% due 07/01/2053 - 02/01/2054 (f) | 45055 | 46591 |
| 6.368% due 09/01/2034 •  | 229 | 237 |
| 6.429% due 11/01/2036 •  | 234 | 245 |
| 6.500% due 05/01/2045 - 09/01/2055 | 48300 | 50585 |
| 6.500% due 08/01/2054 - 09/01/2054 (f) | 24285 | 25243 |
| 6.527% due 11/01/2041 •  | 530 | 558 |
| 6.582% due 10/01/2039 •  | 541 | 564 |
| 6.700% due 05/01/2031 •  | 3 | 3 |
| 7.000% due 01/01/2055 | 336 | 354 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 2.903% due 07/25/2054 ~ | 7824 | 7616 |
| 4.228% due 10/25/2034 ~ | 10212 | 10162 |
| 4.660% due 01/25/2031 | 3300 | 3371 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 0.000% due 05/15/2033 - 10/15/2058 (b)(d) | 4759 | 3062 |
| 0.000% due 05/15/2041 •  | 3404 | 3373 |
| 1.071% due 10/15/2035 •  | 309 | 295 |
| 1.229% due 05/15/2035 •  | 420 | 429 |
| 1.250% due 12/15/2044 | 6523 | 5514 |
| 1.500% due 03/15/2028 | 1546 | 1514 |
| 1.551% due 10/15/2037 ~(a) | 20 | 1 |
| 1.561% due 10/15/2037 ~(a) | 38 | 2 |
| 1.709% due 05/15/2037 ~(a) | 34 | 2 |
| 1.741% due 03/15/2037 ~(a) | 44 | 2 |
| 1.770% due 11/15/2036 - 11/15/2038 ~(a) | 245 | 14 |
| 1.800% due 05/15/2044 | 3541 | 3461 |
| 1.859% due 08/15/2041 ~(a) | 38 | 2 |
| 1.862% due 06/15/2038 ~(a) | 99 | 6 |
| 1.921% due 10/15/2041 ~(a) | 87 | 5 |
| 1.964% due 02/15/2038 ~(a) | 77 | 4 |
| 2.000% due 11/25/2050 (a) | 2397 | 322 |
| 2.084% due 08/15/2036 ~(a) | 54 | 4 |
| 2.500% due 08/15/2027 (a) | 80 | 1 |
| 3.000% due 11/15/2027 - 06/25/2050 (a) | 22171 | 3758 |
| 3.500% due 04/25/2050 (a) | 26812 | 5473 |
| 3.652% due 02/15/2027 •(a) | 25 | 0 |
| 4.000% due 07/15/2034 - 11/15/2042 (a) | 1393 | 194 |
| 4.539% due 01/25/2050 •  | 132 | 130 |
| 4.598% due 06/15/2042 •  | 504 | 502 |
| 4.673% due 04/15/2038 •  | 1603 | 1583 |
| 4.774% due 09/25/2055 - 11/25/2055 •  | 22181 | 22280 |
| 5.124% due 05/25/2055 •  | 1635 | 1648 |
| 5.174% due 03/25/2055 •  | 4056 | 4083 |
| **Federal Home Loan Mortgage Corp. STRIPS**  |  |  |
| 2.500% due 10/15/2052 (a) | 18015 | 2784 |
| 3.500% due 01/15/2043 - 08/15/2045 (a) | 850 | 132 |
| 4.673% due 10/15/2037 •  | 193 | 191 |

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<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>4.444% due 07/25/2033 ~ | 415 | 399 |
| **Federal Home Loan Mortgage Corp. Whole Loan Securities Trust**  |  |  |
| 3.000% due 09/25/2045 - 12/25/2046 | 2825 | 2469 |
| 3.500% due 12/25/2046 | 2164 | 1927 |
| **Federal National Mortgage Association**  |  |  |
| 1.500% due 06/01/2051 | 156 | 121 |
| 2.000% due 07/01/2028 - 06/01/2037 | 3067 | 2854 |
| 2.000% due 11/01/2036 (f) | 11528 | 10686 |
| 2.500% due 01/01/2033 - 04/01/2052 | 23204 | 19799 |
| 3.000% due 10/01/2026 - 05/01/2058 | 44194 | 40364 |
| 3.000% due 12/01/2050 (f) | 7929 | 7178 |
| 3.045% due 04/01/2029 | 882 | 859 |
| 3.148% due 01/01/2048 •  | 3189 | 3200 |
| 3.500% due 02/01/2030 - 01/01/2059 | 35892 | 33734 |
| 3.500% due 07/01/2043 - 08/01/2043 (f) | 28906 | 27678 |
| 3.575% due 02/01/2026 | 1000 | 997 |
| 3.750% due 02/01/2029 | 3670 | 3654 |
| 3.820% due 01/01/2029 | 728 | 726 |
| 4.000% due 05/01/2033 - 07/01/2053 | 27976 | 27332 |
| 4.140% due 04/01/2028 | 776 | 781 |
| 4.210% due 12/01/2032 | 2864 | 2832 |
| 4.300% due 12/01/2032 (f) | 27500 | 27428 |
| 4.374% due 02/01/2028 ~ | 1997 | 2002 |
| 4.385% due 04/01/2033 | 828 | 826 |
| 4.440% due 06/01/2033 | 2000 | 2002 |
| 4.490% due 04/01/2033 | 1600 | 1602 |
| 4.500% due 09/01/2028 - 07/01/2053 | 26840 | 26732 |
| 4.550% due 05/01/2028 | 100 | 102 |
| 4.580% due 08/01/2033 | 1000 | 1013 |
| 4.590% due 06/01/2033 | 9903 | 9999 |
| 4.680% due 06/01/2030 (f) | 11283 | 11488 |
| 4.700% due 04/01/2033 | 1965 | 1991 |
| 4.770% due 12/01/2029 | 674 | 687 |
| 4.900% due 10/01/2028 | 354 | 363 |
| 4.990% due 03/01/2031 | 980 | 1007 |
| 5.000% due 04/01/2027 - 09/01/2053 | 3440 | 3475 |
| 5.003% due 08/01/2049 •  | 710 | 743 |
| 5.060% due 11/01/2034 | 6507 | 6745 |
| 5.070% due 09/01/2033 | 822 | 854 |
| 5.260% due 06/01/2031 | 1217 | 1272 |
| 5.300% due 09/01/2038 | 907 | 956 |
| 5.320% due 10/01/2043 | 189 | 195 |
| 5.410% due 12/01/2031 | 814 | 855 |
| 5.410% due 05/01/2034 (f) | 9516 | 10013 |
| 5.500% due 12/01/2032 - 09/01/2053 | 7418 | 7622 |
| 5.500% due 02/01/2040 - 05/01/2054 (f) | 61681 | 63155 |
| 5.570% due 10/01/2028 | 430 | 435 |
| 5.610% due 10/01/2028 | 883 | 893 |
| 5.700% due 08/01/2030 | 928 | 982 |
| 5.810% due 06/01/2031 (f) | 13800 | 14348 |
| 5.820% due 11/01/2033 | 1230 | 1332 |
| 5.850% due 11/01/2028 | 2303 | 2416 |
| 5.870% due 12/01/2033 | 1500 | 1632 |
| 5.960% due 11/01/2033 | 536 | 584 |
| 6.000% due 04/01/2032 - 04/01/2054 | 13382 | 13897 |
| 6.000% due 11/01/2053 (f) | 26642 | 27719 |
| 6.010% due 07/01/2028 | 1137 | 1187 |
| 6.278% due 10/01/2037 •  | 896 | 937 |
| 6.287% due 09/01/2041 •  | 88 | 91 |
| 6.313% due 01/01/2036 •  | 149 | 156 |
| 6.422% due 05/01/2035 •  | 82 | 84 |
| 6.497% due 05/01/2038 •  | 505 | 527 |
| 6.500% due 05/01/2045 - 09/01/2055 | 29912 | 31141 |
| 6.500% due 02/01/2055 - 04/01/2055 (f) | 41332 | 42971 |
| 6.660% due 04/01/2030 | 1982 | 2132 |
| 6.665% due 02/01/2042 •  | 54 | 56 |
| **Federal National Mortgage Association Interest STRIPS**  |  |  |
| 3.500% due 08/25/2043 (a) | 74 | 13 |
| 6.500% due 04/25/2038 (a) | 39 | 9 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 0.000% due 06/25/2043 •(a) | 1037 | 38 |
| 0.000% due 10/25/2045 •  | 283 | 189 |
| 0.200% due 02/25/2043 •(a) | 302 | 2 |
| 0.343% due 10/25/2042 •  | 94 | 66 |
| 0.861% due 11/25/2040 •(a) | 2302 | 124 |
| 1.430% due 10/25/2046 ~(a) | 47 | 2 |
| 1.497% due 07/25/2044 ~(a) | 143 | 6 |
| 1.500% due 04/25/2028 | 3085 | 3022 |
| 1.542% due 04/25/2046 ~(a) | 101 | 5 |
| 1.558% due 07/25/2052 ~(a) | 146 | 7 |
| 1.637% due 04/25/2055 ~(a) | 231 | 11 |
| 1.643% due 07/25/2045 ~(a) | 591 | 34 |
| 1.679% due 09/25/2045 ~(a) | 95 | 4 |
| 1.683% due 07/25/2044 ~(a) | 188 | 12 |
| 1.740% due 01/25/2045 ~(a) | 109 | 6 |

---

------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.747% due 08/25/2054 ~(a) | 210 | 11 |
| 1.770% due 03/25/2045 ~(a) | 315 | 18 |
| 1.937% due 08/25/2055 ~(a) | 142 | 8 |
| 1.949% due 08/25/2044 ~(a) | 109 | 8 |
| 2.011% due 11/25/2049 •(a) | 275 | 36 |
| 2.161% due 08/25/2042 •(a) | 338 | 22 |
| 2.211% due 11/25/2044 - 06/25/2048 •(a) | 3729 | 438 |
| 2.500% due 02/25/2051 (a) | 3136 | 535 |
| 3.000% due 03/25/2043 - 09/25/2048 | 1275 | 1111 |
| 3.000% due 04/25/2043 - 12/25/2048 (a) | 790 | 95 |
| 3.500% due 04/25/2046 (a) | 66 | 5 |
| 4.000% due 06/25/2044 (a) | 19 | 1 |
| 4.139% due 10/25/2040 ~ | 349 | 353 |
| 4.289% due 12/25/2047 •  | 3626 | 3549 |
| 4.439% due 02/25/2049 •  | 154 | 151 |
| 4.661% due 11/25/2031 ~ | 1465 | 1480 |
| 4.673% due 05/25/2042 ~ | 434 | 437 |
| 4.689% due 10/25/2037 •  | 527 | 528 |
| 4.974% due 11/25/2055 •  | 3302 | 3311 |
| 5.009% due 01/25/2051 •  | 13052 | 13075 |
| 5.124% due 10/25/2055 •  | 3544 | 3566 |
| **Federal National Mortgage Association REMICS Trust**  |  |  |
| 3.880% due 04/25/2042 ~ | 237 | 230 |
| 5.175% due 05/25/2042 ~ | 643 | 641 |
| 5.377% due 01/25/2042 ~ | 819 | 793 |
| **Federal National Mortgage Association Trust**<br>4.791% due 03/25/2042 ~ | 370 | 367 |
| **Federal National Mortgage Association-ACES**<br>2.242% due 01/25/2031 ~(a) | 581 | 29 |
| **Government National Mortgage Association**  |  |  |
| 0.000% due 10/16/2042 - 08/16/2052 ~(a) | 4677 | 0 |
| 0.750% due 11/16/2051 ~(a) | 14 | 0 |
| 2.500% due 06/15/2043 - 02/20/2063 | 23794 | 20453 |
| 2.500% due 03/20/2051 - 09/20/2051 (f) | 104004 | 89611 |
| 3.000% due 11/20/2026 - 04/20/2055 | 78009 | 70449 |
| 3.000% due 04/20/2050 - 02/20/2053 (f) | 52800 | 47364 |
| 3.150% due 11/20/2042 - 12/20/2042 | 373 | 337 |
| 3.250% due 05/15/2042 | 421 | 391 |
| 3.500% due 11/20/2034 - 01/20/2063 | 96076 | 88606 |
| 3.500% due 06/20/2049 - 02/20/2053 (f) | 50485 | 45729 |
| 3.750% due 06/20/2045 - 12/20/2045 | 2407 | 2252 |
| 4.000% due 09/20/2038 - 08/20/2062 | 28066 | 26850 |
| 4.050% due 04/15/2040 - 11/15/2040 | 707 | 682 |
| 4.500% due 04/15/2030 - 08/20/2062 | 56185 | 55679 |
| 4.539% due 03/20/2058 •  | 150 | 151 |
| 4.875% due 08/15/2039 - 10/15/2040 | 217 | 218 |
| 5.000% due 12/20/2032 - 10/20/2062 | 15888 | 16053 |
| 5.250% due 05/15/2033 - 10/15/2033 | 115 | 115 |
| 5.375% due 08/20/2045 •  | 100 | 102 |
| 5.380% due 08/15/2034 | 35 | 36 |
| 5.475% due 06/15/2035 | 103 | 107 |
| 5.500% due 06/20/2032 - 01/20/2049 | 3832 | 3904 |
| 5.520% due 06/15/2034 | 72 | 75 |
| 5.530% due 05/15/2035 | 66 | 68 |
| 5.570% due 03/15/2035 | 53 | 53 |
| 5.625% due 02/20/2030 - 06/20/2038 •  | 107 | 107 |
| 5.680% due 12/15/2034 | 108 | 113 |
| 5.720% due 12/15/2034 | 44 | 46 |
| 5.750% due 09/15/2033 | 5 | 6 |
| 5.820% due 04/15/2034 - 12/15/2034 | 118 | 123 |
| 5.870% due 10/15/2034 | 49 | 51 |
| 5.875% due 10/15/2033 | 72 | 73 |
| 5.928% due 04/20/2061 •  | 25 | 25 |
| 5.930% due 10/15/2034 | 35 | 37 |
| 5.970% due 08/15/2034 | 44 | 45 |
| 6.000% due 04/15/2027 - 02/20/2055 | 8191 | 8436 |
| 6.000% due 08/20/2053 (f) | 17715 | 18519 |
| 6.020% due 01/15/2034 | 27 | 27 |
| 6.075% due 01/15/2034 | 74 | 74 |
| 6.250% due 03/15/2029 | 13 | 14 |
| 6.374% due 12/20/2070 •  | 2868 | 2936 |
| 6.500% due 08/15/2026 - 09/20/2055 | 7755 | 7950 |
| 6.700% due 07/20/2026 | 1 | 1 |
| 7.000% due 03/15/2026 - 12/20/2062 | 16181 | 16578 |
| 7.500% due 01/15/2027 - 10/15/2035 | 88 | 92 |
| 8.000% due 05/20/2027 - 07/15/2031 | 77 | 77 |
| 8.500% due 12/15/2029 - 12/15/2030 | 5 | 5 |
| **Government National Mortgage Association REMICS**  |  |  |
| 0.000% due 03/20/2034 - 12/20/2040 (b)(d) | 1745 | 1481 |
| 0.030% due 09/20/2045 •  | 519 | 348 |
| 0.152% due 05/20/2043 •  | 421 | 222 |
| 0.790% due 11/20/2045 ~(a) | 176 | 8 |
| 0.828% due 09/20/2045 ~(a) | 272 | 12 |
| 0.830% due 12/20/2045 ~(a) | 89 | 4 |
| 0.833% due 06/20/2043 ~(a) | 169 | 9 |
| 0.874% due 08/20/2045 ~(a) | 92 | 4 |

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------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.177% due 06/20/2042 ~(a) | 174 | 10 |
| 1.227% due 06/20/2042 ~(a) | 160 | 7 |
| 2.000% due 10/20/2050 - 02/20/2051 (a) | 33978 | 3929 |
| 2.202% due 09/20/2049 •(a) | 1563 | 190 |
| 2.452% due 10/20/2050 •(a) | 1904 | 271 |
| 2.500% due 09/20/2027 - 12/20/2051 (a) | 31536 | 4497 |
| 3.000% due 01/20/2029 - 09/20/2051 (a) | 33198 | 5327 |
| 3.000% due 08/20/2051 | 9919 | 6600 |
| 3.500% due 08/20/2042 - 09/20/2046 (a) | 2051 | 275 |
| 3.500% due 01/20/2052 - 12/20/2068 | 5584 | 4531 |
| 3.500% due 01/20/2069 ~ | 2604 | 2539 |
| 3.797% due 01/20/2031 ~ | 83 | 83 |
| 4.000% due 02/20/2042 - 11/20/2048 | 1926 | 1758 |
| 4.000% due 10/20/2043 (a) | 42 | 5 |
| 4.098% due 12/20/2050 •  | 2222 | 2073 |
| 4.287% due 11/20/2036 •  | 7852 | 7766 |
| 4.448% due 06/20/2036 •  | 5513 | 5458 |
| 4.464% due 04/20/2070 •  | 157 | 155 |
| 4.500% due 08/20/2045 (a) | 3314 | 624 |
| 4.568% due 02/20/2074 •  | 5356 | 5357 |
| 4.668% due 03/20/2071 •  | 220 | 220 |
| 4.694% due 09/20/2062 •  | 1 | 1 |
| 4.708% due 04/20/2074 •  | 943 | 947 |
| 4.714% due 05/20/2069 - 02/20/2073 •  | 10928 | 10924 |
| 4.718% due 08/20/2072 - 04/20/2073 •  | 2044 | 2053 |
| 4.794% due 08/20/2061 •  | 5 | 5 |
| 4.818% due 07/20/2073 - 07/20/2074 •  | 54571 | 55097 |
| 4.861% due 06/20/2068 •  | 289 | 290 |
| 4.888% due 08/20/2073 •  | 4790 | 4845 |
| 4.914% due 06/20/2066 •  | 137 | 137 |
| 4.918% due 03/20/2073 •  | 21309 | 21520 |
| 4.994% due 04/20/2066 •  | 681 | 684 |
| 5.018% due 05/20/2073 •  | 8197 | 8355 |
| 5.068% due 05/20/2073 •  | 1409 | 1431 |
| 5.164% due 07/20/2070 - 08/20/2070 •  | 86877 | 88022 |
| 5.199% due 12/20/2068 •  | 109 | 110 |
| 5.364% due 09/20/2070 - 01/20/2071 •  | 58279 | 59397 |
| 5.414% due 09/20/2063 •  | 54 | 55 |
| 5.418% due 08/20/2071 •  | 1963 | 2014 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.000% due 01/01/2056 - 02/01/2056 | 275000 | 227771 |
| 2.500% due 01/01/2056 - 02/01/2056 | 109000 | 94017 |
| 3.000% due 01/01/2056 - 02/01/2056 | 221350 | 198696 |
| 3.500% due 01/01/2056 - 03/01/2056 | 194600 | 177102 |
| 4.000% due 02/01/2056 | 148950 | 140676 |
| 4.500% due 01/01/2056 - 02/01/2056 | 74770 | 72787 |
| 5.000% due 01/01/2056 - 02/01/2056 | 101450 | 101123 |
| 5.500% due 02/01/2056 | 70100 | 70736 |
| 6.000% due 02/01/2056 | 28000 | 28517 |
| 6.500% due 02/01/2056 | 65500 | 67642 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.500% due 01/01/2041 | 7400 | 7195 |
| 4.500% due 01/01/2041 | 8700 | 8704 |
| 5.000% due 01/01/2041 - 01/01/2056 | 9400 | 9521 |
| 6.000% due 02/01/2056 - 03/01/2056 | 324235 | 332777 |
| 7.000% due 02/01/2056 | 6000 | 6316 |
| Total U.S. Government Agencies (Cost $3,527,671) |  | 3468808 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.2%**  |  |  |
| **Angel Oak Mortgage Trust** <br>5.985% due 01/25/2069 þ | 354 | 357 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 512 | 362 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>6.500% due 06/25/2054 ~ | 1558 | 1595 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.868% due 03/25/2032 ~ | 4 | 4 |
| **CSMC Trust**  |  |  |
| 2.500% due 07/25/2056 ~  | 1014 | 851 |
| 4.699% due 05/27/2053 ~  | 1411 | 1288 |
| **IMS Ecuadorian Mortgage Trust** <br>3.400% due 08/18/2043 | 7187 | 7064 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 05/25/2052 ~  | 5950 | 5225 |
| 4.746% due 12/25/2049 •  | 507 | 488 |
| **La Hipotecaria El Salvadorian Mortgage Trust**  |  |  |
| 3.358% due 01/15/2046 «  | 1422 | 1316 |
| 4.250% due 09/29/2046 «  | 2889 | 2647 |
| **La Hipotecaria Panamanian Mortgage Trust** <br>3.508% due 11/24/2042 «•  | 1948 | 1877 |
| **MFA Trust** <br>1.381% due 04/25/2065 ~ | 988 | 970 |
| **Mortgage Equity Conversion Asset Trust** <br>4.020% due 05/25/2042 •  | 3290 | 3054 |

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------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured Asset Mortgage Investments Trust** <br>4.506% due 09/19/2032 •  | 2 | 2 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 1681 | 1546 |
| 2.710% due 01/25/2060 ~  | 1073 | 1038 |
| Total Non-Agency Mortgage-Backed Securities (Cost $31,595) |  | 29684 |
| **ASSET-BACKED SECURITIES 2.5%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.0%**  |  |  |
| **Carvana Auto Receivables Trust** <br>4.550% due 01/10/2028 | 252 | 251 |
| **HOME EQUITY OTHER 0.0%**  |  |  |
| **Centex Home Equity Loan Trust** <br>4.146% due 01/25/2032 •  | 4 | 4 |
| **Home Equity Asset Trust** <br>4.446% due 11/25/2032 •  | 3 | 2 |
| **RCKT Mortgage Trust** <br>6.025% due 02/25/2044 ~ | 320 | 323 |
|  |  | 329 |
| **OTHER ABS 2.5%**  |  |  |
| **Anchorage Capital CLO 28 Ltd.** <br>5.584% due 04/20/2037 •  | 3700 | 3721 |
| **Apex Credit CLO Ltd.** <br>5.684% due 04/20/2036 •  | 2000 | 2011 |
| **BlueMountain CLO Ltd.** <br>5.048% due 10/25/2030 •  | 1202 | 1203 |
| **Bryant Park Funding Ltd.** <br>5.525% due 04/15/2037 •  | 2000 | 2010 |
| **Diameter Capital CLO 4 Ltd.** <br>5.735% due 01/15/2037 •  | 3300 | 3322 |
| **Diameter Capital CLO 6 Ltd.** <br>5.515% due 04/15/2037 •  | 2600 | 2613 |
| **Dryden 54 Senior Loan Fund** <br>5.034% due 10/19/2029 •  | 655 | 656 |
| **KKR CLO 36 Ltd.** <br>5.055% due 10/15/2034 •  | 3400 | 3401 |
| **Palmer Square CLO Ltd.** <br>4.918% due 05/21/2034 •  | 6360 | 6360 |
| **Rockford Tower CLO Ltd.** <br>5.084% due 07/20/2035 •  | 2100 | 2102 |
| **Sound Point CLO XXIII** <br>5.336% due 07/15/2034 •  | 500 | 502 |
| **Sycamore Tree CLO Ltd.** <br>5.564% due 01/20/2037 •  | 2900 | 2915 |
| **TCW CLO Ltd.** <br>5.494% due 01/16/2037 •  | 1200 | 1206 |
| **Voya CLO Ltd.** <br>5.084% due 07/20/2032 •  | 692 | 692 |
|  |  | 32714 |
| Total Asset-Backed Securities (Cost $33,177) |  | 33294 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.5%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> **3.850%** (e) | 243481 | 244 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 3.676% due 01/27/2026 - 04/28/2026 (c)(d)(i) | 5715 | 5661 |

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------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $5,904) |  | 5905 |
| Total Investments in Securities (Cost $3,598,386) |  | 3537737 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 102520 | 999 |
| Total Short-Term Instruments (Cost $999) |  | 999 |
| Total Investments in Affiliates (Cost $999) |  | 999 |
| Total Investments 265.1% (Cost $3,599,385) |  | $3538736 |
| **Financial Derivative Instruments (g)(h) 1.9**%(Cost or Premiums, net $25,460) |  | 25126 |
| Other Assets and Liabilities, net (167.0)% |  | (2228763) |
| Net Assets 100.0% |  | $1335099 |

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------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | 3.980%  | 12/11/2025 | 12/11/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 | (145632) | (145632) | (145987) | (145987) |
| BPS | BPS | 3.850  | 12/31/2025 | 12/31/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 | (5819) | (5819) | (5821) | (5821) |
|  |  | 3.970  | 12/30/2025 | 12/30/2025 | 01/06/2026 | 01/06/2026 | 01/06/2026 | (26815) | (26815) | (26823) | (26823) |
| SAL | SAL | 3.970  | 12/11/2025 | 12/11/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 | (434729) | (434729) | (435783) | (435783) |
| WFS | WFS | 3.970  | 12/11/2025 | 12/11/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 | (76020) | (76020) | (76204) | (76204) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | **(690618)** | **(690618)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% | U.S. Government Agencies (93.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000% | 3.000% | 02/01/2056 | $ | 18000 | $(16186) | (16186) | $(16156) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000 | 3.000 | 03/01/2056 |  | 10000 | (8990) | (8990) | (8976) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 1.500 | 1.500 | 01/01/2041 |  | 1000 | (902) | (902) | (905) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2041 |  | 20500 | (18910) | (18910) | (18985) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2056 |  | 24800 | (20129) | (20129) | (20053) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 2.500 | 01/01/2041 |  | 1625 | (1535) | (1535) | (1538) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 2.500 | 02/01/2056 |  | 82950 | (70187) | (70187) | (70125) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 3.000 | 01/01/2041 |  | 10800 | (10379) | (10379) | (10391) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 3.000 | 02/01/2056 |  | 281900 | (249426) | (249426) | (249184) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 3.500 | 02/01/2056 |  | 190800 | (175804) | (175804) | (175812) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 4.000 | 02/01/2056 |  | 227643 | (216065) | (216065) | (215813) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 4.500 | 01/01/2056 |  | 41477 | (40322) | (40322) | (40497) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.000 | 5.000 | 02/01/2056 |  | 5050 | (5018) | (5018) | (5032) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 5.500 | 01/01/2041 |  | 86000 | (88093) | (88093) | (88178) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 5.500 | 02/01/2056 |  | 188150 | (190121) | (190121) | (190619) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 6.500 | 6.500 | 02/01/2056 |  | 125650 | (130426) | (130426) | (130615) |
| **Total Short Sales (93.1)%** | **Total Short Sales (93.1)%** | **Total Short Sales (93.1)%** | **Total Short Sales (93.1)%** |  |  |  |  |  | $**(1242493)** | **(1242493)** | $**(1242879)** |
| **(f)** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $717,512 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(508640) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 1691 | 1691 | $ | 190132 | (360) | (360) | (360) | 0 | 0 | 0 | (343) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 161 | 161 |  | 18518 | (102) | (102) | (102) | 0 | 0 | 0 | (30) |
|  |  |  |  |  |  |  |  |  |  |  |  | (462) | (462) | $ | 0 | 0 | $ | (373) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 113 | 113 | $ | (23593) | (22) | (22) | (22) | 8 | 8 | 8 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(484)** | **(484)** | **$** | **8** | **8** | **$** | **(373)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250% | Annual | Annual | 03/19/2026 | $ | $314900 | 314900 | 2991 | (13) | $2978 | 2978 | 2978 | $14 | 14 | $0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | Annual | 03/19/2027 |  | 26200 | 26200 | (609) | 215 | (394) | (394) | (394) | 0 | 0 | (7) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/20/2028 |  | 28400 | 28400 | 558 | (887) | (329) | (329) | (329) | 28 | 28 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | Annual | 03/20/2029 |  | 30600 | 30600 | (993) | 171 | (822) | (822) | (822) | 34 | 34 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | Annual | 03/19/2030 |  | 275410 | 275410 | (15519) | 8237 | (7282) | (7282) | (7282) | 0 | 0 | (393) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 12/20/2030 |  | 137400 | 137400 | 5550 | (5775) | (225) | (225) | (225) | 224 | 224 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2031 |  | 70800 | 70800 | 500 | (1198) | (698) | (698) | (698) | 123 | 123 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2032 |  | 23000 | 23000 | (616) | 68 | (548) | (548) | (548) | 0 | 0 | (44) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 09/17/2032 |  | 26400 | 26400 | (653) | 420 | (233) | (233) | (233) | 51 | 51 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2032 |  | 25600 | 25600 | (580) | 348 | (232) | (232) | (232) | 51 | 51 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 12/20/2033 |  | 77600 | 77600 | 4387 | (3459) | 928 | 928 | 928 | 167 | 167 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2034 |  | 64600 | 64600 | 2234 | (2274) | (40) | (40) | (40) | 145 | 145 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2034 |  | 25600 | 25600 | (275) | 248 | (27) | (27) | (27) | 59 | 59 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 03/19/2035 |  | 5700 | 5700 | 374 | (102) | 272 | 272 | 272 | 13 | 13 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2035 |  | 17600 | 17600 | 741 | 85 | 826 | 826 | 826 | 42 | 42 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 09/17/2035 |  | 90400 | 90400 | (1190) | 1499 | 309 | 309 | 309 | 215 | 215 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **$** | **(5517)** | **(5517)** | **$** | **1166** | **1166** | **(444)** |
| **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $33,112 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> |  | Cost | Cost |  | Market<br>Value |
| BOA | BOA | BOA | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.906% | 03/04/2026 | 33600 | 33600 | $ | 371 | 371 | $ | 183 |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.098 | 02/06/2035 | 2900 | 2900 |  | 258 | 258 |  | 175 |

---

------

<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.098 | 02/06/2035 | 2900 | 258 | 277 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.265 | 05/01/2035 | 3600 | 319 | 235 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.265 | 05/01/2035 | 3600 | 319 | 328 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.470 | 06/04/2035 | 3500 | 314 | 251 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.470 | 06/04/2035 | 3500 | 314 | 301 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.400 | 06/25/2035 | 15000 | 1339 | 1045 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.400 | 06/25/2035 | 7500 | 678 | 662 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.640 | 07/23/2035 | 14000 | 1259 | 1080 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.640 | 07/23/2035 | 7000 | 629 | 576 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.427 | 08/06/2035 | 6600 | 581 | 464 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.427 | 08/06/2035 | 6600 | 581 | 576 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.656 | 08/20/2035 | 17900 | 1549 | 1376 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.656 | 08/20/2035 | 17900 | 1549 | 1452 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.693 | 08/27/2035 | 4600 | 396 | 359 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.693 | 08/27/2035 | 4600 | 396 | 369 |
| DUB | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.104 | 10/18/2027 | 57500 | 89 | 92 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 03/30/2026 | 293900 | 86 | 3 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.135 | 09/14/2026 | 10400 | 134 | 54 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.635 | 09/14/2026 | 10400 | 134 | 170 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.308 | 05/02/2035 | 7200 | 640 | 479 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.308 | 05/02/2035 | 7200 | 640 | 648 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.630 | 05/22/2035 | 3800 | 348 | 292 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.630 | 05/22/2035 | 3800 | 348 | 313 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.520 | 05/29/2035 | 3900 | 351 | 285 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.520 | 05/29/2035 | 3900 | 351 | 331 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.440 | 06/18/2035 | 5600 | 501 | 396 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.440 | 06/18/2035 | 5600 | 501 | 487 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.559 | 07/09/2035 | 13000 | 1154 | 965 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.559 | 07/09/2035 | 6500 | 577 | 545 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.460 | 08/06/2035 | 9600 | 844 | 684 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.460 | 08/06/2035 | 9600 | 844 | 828 |
| FAR | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.250 | 03/03/2026 | 51000 | 21 | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 04/03/2026 | 27400 | 90 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.073 | 03/07/2035 | 4200 | 365 | 250 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.073 | 03/07/2035 | 4200 | 365 | 404 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.310 | 04/24/2035 | 3900 | 345 | 259 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.310 | 04/24/2035 | 3900 | 345 | 350 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.430 | 05/16/2035 | 3800 | 340 | 267 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.430 | 05/16/2035 | 3800 | 340 | 331 |
| JPM | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.146 | 10/25/2027 | 52100 | 75 | 80 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.285 | 05/07/2035 | 3900 | 351 | 259 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.285 | 05/07/2035 | 3900 | 351 | 355 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.693 | 08/27/2035 | 5600 | 482 | 436 |

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<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.693 | 4.693 | 08/27/2035 | 5600 | 482 | 449 |
| MYC | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.150 | 3.150 | 06/08/2026 | 17000 | 87 | 56 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.313 | 3.313 | 06/08/2026 | 17000 | 349 | 89 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.313 | 4.313 | 06/08/2026 | 17000 | 349 | 26 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.485 | 4.485 | 08/07/2035 | 6000 | 529 | 432 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.485 | 4.485 | 08/07/2035 | 6000 | 529 | 514 |
| NGF | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.242 | 4.242 | 10/29/2027 | 119300 | 179 | 176 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.400 | 4.400 | 06/25/2035 | 16200 | 1447 | 1128 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.400 | 4.400 | 06/25/2035 | 8100 | 732 | 715 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.520 | 4.520 | 08/13/2035 | 12800 | 1126 | 936 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.520 | 4.520 | 08/13/2035 | 12800 | 1126 | 1086 |
|  |  |  |  |  |  |  |  | $29057 | $24879 |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| GSC | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | $97.375 | 97.375 | 02/05/2026 | 02/05/2026 | $8000 | $10 | $1 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | 98.906 | 98.906 | 02/05/2026 | 02/05/2026 | 25000 | 17 | 1 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | 98.922 | 98.922 | 02/05/2026 | 02/05/2026 | 22500 | 15 | 1 |
| JPM | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | 98.906 | 98.906 | 02/05/2026 | 02/05/2026 | 12500 | 8 | 0 |
|  |  |  |  |  |  |  |  | $50 | $3 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**29107** | $**24882** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BPS | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.066% | 4.066% | 02/05/2026 | 5500 | $(9) | $(5) |
| DUB | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.200 | 3.200 | 03/30/2026 | 12700 | (86) | (22) |
| GLM | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.180 | 4.180 | 02/05/2026 | 12200 | (11) | (4) |
| NGF | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.186 | 4.186 | 02/05/2026 | 13500 | (12) | (4) |
|  |  |  |  |  |  |  |  | $(118) | $(35) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | $93.750 | 93.750 | 02/05/2026 | 02/05/2026 | $8000 | $(18) | $(15) |
| GSC | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | 95.227 | 95.227 | 01/07/2026 | 01/07/2026 | 5800 | (34) | (4) |
|  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | 97.375 | 97.375 | 01/07/2026 | 01/07/2026 | 57000 | (157) | 0 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | 93.781 | 93.781 | 02/05/2026 | 02/05/2026 | 8500 | (21) | (16) |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | 102.133 | 102.133 | 03/05/2026 | 03/05/2026 | 16500 | (44) | (12) |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | 102.141 | 102.141 | 03/05/2026 | 03/05/2026 | 25000 | (63) | (19) |
| JPM | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | 102.297 | 102.297 | 02/05/2026 | 02/05/2026 | 12000 | (23) | (5) |
| MSC | Put - OTC Uniform Mortgage-Backed Security, TBA 6.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.500% due 02/01/2056  | 103.664 | 103.664 | 02/05/2026 | 02/05/2026 | 18500 | (27) | (2) |
| SAL | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | 95.250 | 95.250 | 01/07/2026 | 01/07/2026 | 7200 | (42) | (5) |
|  |  |  |  |  |  |  |  | $(429) | $(78) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(547)** | $**(113)** |

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<br> Schedule of Investments PIMCO GNMA and Government Securities Fund (Cont.) December 31, 2025 (Unaudited)

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(i)** | **Securities with an aggregate market value of $2,218 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,218 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,218 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,218 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,218 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | $0 | $46 | $0 | $46 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 3468808 | 0 | 3468808 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 23844 | 5840 | 29684 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | 0 | 251 | 0 | 251 |
| Home Equity Other | Home Equity Other | 0 | 329 | 0 | 329 |
| Other ABS | Other ABS | 0 | 32714 | 0 | 32714 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 0 | 244 | 0 | 244 |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 5661 | 0 | 5661 |
|  |  | $0 | $3531897 | $5840 | $3537737 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $999 | $0 | $0 | $999 |
| Total Investments | Total Investments | $999 | $3531897 | $5840 | $3538736 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | $0 | $(1242879) | $0 | $(1242879) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 1174 | 0 | 1174 |
| Over the counter | Over the counter | 0 | 24882 | 0 | 24882 |
|  |  | $0 | $26056 | $0 | $26056 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | (817) | 0 | (817) |
| Over the counter | Over the counter | 0 | (113) | 0 | (113) |
|  |  | $0 | $(930) | $0 | $(930) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | $25126 | $0 | $25126 |
| Totals | Totals | $999 | $2314144 | $5840 | $2320983 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO High Yield Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 93.4% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 4.3%**  |  |  |
| **ABG Intermediate Holdings 2 LLC**  |  |  |
| 5.966% (TSFR1M + 2.250%) due 12/21/2028 ~ | $4962 | $4976 |
| 5.966% (TSFR1M + 2.250%) due 02/13/2032 ~ | 2903 | 2909 |
| **Allied Universal Holdco LLC**<br>6.966% (TSFR1M + 3.250%) due 08/20/2032 ~ | 4389 | 4417 |
| **Amentum Government Services Holdings LLC**<br>5.716% (TSFR1M + 2.000%) due 09/29/2031 ~ | 2798 | 2810 |
| **American Axle & Manufacturing, Inc.**<br>TBD% due 02/24/2032 | 15225 | 15257 |
| **B&G Foods, Inc.**<br>7.216% (TSFR1M + 3.500%) due 10/10/2029 ~ | 15520 | 15016 |
| **Barnes Group, Inc.**<br>6.466% (TSFR1M + 2.750%) due 01/27/2032 ~ | 5625 | 5646 |
| **Bausch & Lomb Corp.**<br>7.966% (TSFR1M + 4.250%) due 01/15/2031 ~ | 1716 | 1736 |
| **Charlotte Buyer, Inc.**<br>8.011% (TSFR1M + 4.250%) due 02/11/2028 ~ | 7841 | 7716 |
| **Clover Holdings 2 LLC**  |  |  |
| 0.250% - 3.500% due 12/10/2029 ~ | 2674 | 2652 |
| 7.750% due 12/09/2031 ~ | 27064 | 26996 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| TBD% (TSFR1M + 3.250%) due 04/01/2032 ~ | 71 | 71 |
| TBD% (TSFR1M + 3.250%) due 04/01/2032 ~ | 5027 | 5029 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.672% (TSFR3M + 6.000%) due 05/16/2029 «~ | 2651 | 2741 |
| **Cotiviti Corp.**<br>6.623% (TSFR1M + 2.750%) due 05/01/2031 ~ | 7841 | 7553 |
| **DirecTV Financing LLC**<br>9.352% (TSFR3M + 5.250%) due 08/02/2029 ~ | 7317 | 7352 |
| **Finastra USA, Inc.**<br>7.723% (TSFR3M + 4.000%) due 09/15/2032 ~ | 14375 | 14099 |
| **GFL Environmental, Inc.**<br>6.273% (TSFR3M + 2.500%) due 03/03/2032 ~ | 1870 | 1881 |
| **Gray Television, Inc.**<br>9.123% (TSFR1M + 5.250%) due 06/04/2029 ~ | 90 | 90 |
| **INEOS U.S. Finance LLC**  |  |  |
| 6.716% (TSFR1M + 3.000%) due 02/07/2031 ~ | 2258 | 1819 |
| 6.966% (TSFR1M + 3.250%) due 02/18/2030 ~ | 20237 | 16474 |
| **LC AHAB U.S. Bidco LLC**<br>6.716% (TSFR1M + 3.000%) due 05/01/2031 ~ | 1721 | 1728 |
| **McAfee LLC**<br>6.716% (TSFR1M + 3.000%) due 03/01/2029 ~ | 20800 | 19263 |
| **Newfold Digital Holdings Grp Inc.**  |  |  |
| 7.384% (TSFR1M + 3.500%) due 04/30/2029 ~ | 720 | 582 |
| 9.488% (TSFR3M + 5.750%) due 04/30/2029 ~ | 1259 | 1188 |
| **Paradigm Parent LLC**<br>8.172% (TSFR3M + 4.500%) due 04/16/2032 ~ | 3242 | 2863 |
| **Petco Health & Wellness Co., Inc.**<br>7.184% (TSFR3M + 3.250%) due 03/03/2028 ~ | 9105 | 9027 |
| **Polaris Newco LLC**<br>7.852% (TSFR3M + 3.750%) due 06/02/2028 ~ | 10957 | 10591 |
| **QuidelOrtho Corp.**<br>7.716% (TSFR1M + 4.000%) due 08/20/2032 ~ | 15960 | 15972 |
| **Renaissance Holdings Corp.**<br>TBD% (TSFR1M + 4.000%) due 04/05/2030 ~ | 4464 | 3911 |
| **Specialty Building Products Holdings LLC**<br>7.566% (TSFR1M + 3.750%) due 10/16/2028 ~ | 9613 | 8999 |
| **Spirit Airlines, Inc.**  |  |  |
| TBD% due 07/14/2026 | 1549 | 1544 |
| TBD% due 12/09/2034 ~ | 7892 | 6827 |
| TBD% (TSFR1M + 8.000%) due 07/14/2026 ~ | 737 | 735 |
| TBD% (TSFR1M + 8.000%) due 12/09/2034 ~ | 2973 | 2963 |
| **Stepstone Group MidCo 2 GmbH**<br>8.199% (TSFR3M + 4.500%) due 12/19/2031 ~ | 30472 | 28593 |
| **Syniverse Holdings, Inc.**<br>10.672% (TSFR3M + 7.000%) due 05/13/2027 ~ | 3859 | 3738 |
| **TransDigm, Inc.**  |  |  |
| 5.966% (TSFR1M + 2.250%) due 03/22/2030 ~ | 2787 | 2799 |
| 6.216% (TSFR1M + 2.500%) due 02/28/2031 ~ | 10149 | 10198 |
| **U.S. Renal Care, Inc.**  |  |  |
| 1.500% due 09/25/2030 «~µ | 425 | 421 |
| 8.831% (TSFR1M + 5.000%) due 06/28/2028 ~ | 2145 | 2025 |
| 9.716% (TSFR3M + 6.000%) due 09/25/2030 «~ | 3400 | 3332 |

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<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **USI, Inc.**<br>5.922% (TSFR3M + 2.250%) due 09/29/2030 ~ | 7865 | 7889 |
| **Varsity Brands, Inc.**<br>6.672% (TSFR3M + 3.000%) due 08/26/2031 ~ | 7885 | 7924 |
| **Veritiv Corp.**<br>7.672% (TSFR3M + 4.000%) due 12/02/2030 ~ | 2463 | 2466 |
| **Virgin Media Bristol LLC**<br>7.115% (TSFR1M + 3.250%) due 01/31/2029 ~ | 12925 | 12965 |
| **X Corp.**<br>10.448% (TSFR3M + 6.500%) due 10/26/2029 ~ | 20365 | 20052 |
| Total Loan Participations and Assignments (Cost $339,791) |  | 335835 |
| **CORPORATE BONDS & NOTES 81.2%**  |  |  |
| **BANKING & FINANCE 13.2%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 250 | 258 |
| **Alamo Re Ltd.**  |  |  |
| 12.014% (FHMMUSTF + 8.434%) due 06/07/2027 ~  | 2100 | 2235 |
| 15.460% (FHMMUSTF + 11.880%) due 06/08/2026 ~  | 2100 | 2193 |
| **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer**  |  |  |
| 6.500% due 10/01/2031  | 15000 | 15479 |
| 6.750% due 04/15/2028  | 3000 | 3065 |
| 7.000% due 01/15/2031  | 13525 | 14041 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp.** <br>6.875% due 06/15/2030 | 5900 | 6146 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL** <br>4.625% due 06/01/2028 | 9575 | 9447 |
| **Ally Financial, Inc.**  |  |  |
| 6.700% due 02/14/2033  | 1000 | 1046 |
| 8.000% due 11/01/2031  | 3000 | 3408 |
| **AmWINS Group, Inc.**  |  |  |
| 4.875% due 06/30/2029  | 5225 | 5143 |
| 6.375% due 02/15/2029  | 7450 | 7666 |
| **Armor RE II Ltd.** <br>13.810% (BRMMUSDF + 10.200%) due 05/07/2031 ~ | 750 | 807 |
| **Asurion LLC & Asurion Co-Issuer, Inc.** <br>8.000% due 12/31/2032 | 12250 | 12717 |
| **Bayou Re Ltd.** <br>22.130% (BNMMDTSC + 18.500%) due 04/30/2031 ~ | 250 | 277 |
| **Blue Ridge Re Ltd.**  |  |  |
| 7.080% (FHMMUSTF + 3.500%) due 01/08/2029 ~  | 250 | 250 |
| 9.580% (FHMMUSTF + 6.000%) due 01/08/2029 ~  | 250 | 250 |
| **BNP Paribas SA** <br>8.500% due 08/14/2028 •(e)(g) | 8000 | 8511 |
| **Boost Newco Borrower LLC** <br>7.500% due 01/15/2031 | 12300 | 13080 |
| **Bread Financial Holdings, Inc.** <br>6.750% due 05/15/2031 | 6250 | 6479 |
| **Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC** <br>4.500% due 04/01/2027 | 6269 | 6217 |
| **Burford Capital Global Finance LLC**  |  |  |
| 7.500% due 07/15/2033  | 6325 | 6044 |
| 9.250% due 07/01/2031  | 27525 | 28374 |
| **Cape Lookout Re Ltd.** <br>10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~ | 850 | 901 |
| **Charles River Re Ltd.** <br>11.262% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 250 | 262 |
| **Coinbase Global, Inc.** <br>3.375% due 10/01/2028 | 11043 | 10529 |
| **CrossCountry Intermediate HoldCo LLC** <br>6.500% due 10/01/2030 | 2425 | 2477 |
| **CTR Partnership LP/CareTrust Capital Corp.** <br>3.875% due 06/30/2028 | 10000 | 9856 |
| **Diversified Healthcare Trust**  |  |  |
| 4.375% due 03/01/2031  | 6125 | 5419 |
| 7.250% due 10/15/2030  | 5100 | 5221 |
| **EF Holdco/EF Cayman Holdings/Ellington Financial REIT Cayman/TRS/EF Cayman Non-MTM** <br>7.375% due 09/30/2030 | 7000 | 7063 |
| **Encore Capital Group, Inc.**  |  |  |
| 6.625% due 04/15/2031  | 700 | 704 |
| 8.500% due 05/15/2030  | 23525 | 25317 |
| 9.250% due 04/01/2029  | 6325 | 6673 |
| **Everglades Re II Ltd.**  |  |  |
| 14.121% (GSMMUSTI + 10.500%) due 05/13/2031 ~  | 1100 | 1160 |
| 15.121% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 1100 | 1160 |
| 16.371% (GSMMUSTI + 12.750%) due 05/13/2031 ~  | 630 | 669 |
| **Fortitude Group Holdings LLC** <br>6.250% due 04/01/2030 | 1000 | 1042 |
| **Freedom Mortgage Corp.**  |  |  |
| 6.625% due 01/15/2027  | 6900 | 6950 |
| 12.250% due 10/01/2030  | 18375 | 20392 |
| **Freedom Mortgage Holdings LLC**  |  |  |
| 6.875% due 05/01/2031  | 8775 | 8785 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.125% due 05/15/2031  | 900 | 968 |
| 9.250% due 02/01/2029  | 6400 | 6716 |
| **FS KKR Capital Corp.** <br>6.125% due 01/15/2031 | 11318 | 11052 |
| **FTAI Aviation Investors LLC**  |  |  |
| 5.500% due 05/01/2028  | 6000 | 6018 |
| 5.875% due 04/15/2033  | 2875 | 2924 |
| 7.000% due 05/01/2031  | 16515 | 17404 |
| **GGAM Finance Ltd.** <br>6.875% due 04/15/2029 | 6021 | 6260 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 450 | 450 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 300 | 312 |
| **Greystar Real Estate Partners LLC** <br>7.750% due 09/01/2030 | 5600 | 5907 |
| **Highwoods Realty LP** <br>3.050% due 02/15/2030 | 1700 | 1585 |
| **HUB International Ltd.** <br>7.250% due 06/15/2030 | 9450 | 9927 |
| **Hudson Pacific Properties LP**  |  |  |
| 3.250% due 01/15/2030  | 3850 | 3259 |
| 5.950% due 02/15/2028  | 5500 | 5424 |
| **Icahn Enterprises LP/Icahn Enterprises Finance Corp.**  |  |  |
| 5.250% due 05/15/2027  | 2825 | 2788 |
| 6.250% due 05/15/2026  | 3380 | 3387 |
| 10.000% due 11/15/2029  | 10775 | 10781 |
| **Integrity RE III Ltd.**  |  |  |
| 13.292% (T-BILL 1MO + 9.750%) due 06/06/2027 ~  | 250 | 261 |
| 15.792% (T-BILL 1MO + 12.250%) due 06/06/2028 ~  | 250 | 264 |
| 29.042% (T-BILL 1MO + 25.500%) due 06/06/2027 ~  | 300 | 345 |
| **ION Platform Finance U.S., Inc.** <br>7.875% due 09/30/2032 | 29350 | 27886 |
| **Iron Mountain Information Management Services, Inc.** <br>5.000% due 07/15/2032 | 3605 | 3444 |
| **Iron Mountain, Inc.**  |  |  |
| 4.500% due 02/15/2031  | 2725 | 2600 |
| 4.875% due 09/15/2027  | 13196 | 13189 |
| 4.875% due 09/15/2029  | 16050 | 15846 |
| 5.250% due 07/15/2030  | 1900 | 1879 |
| 5.625% due 07/15/2032  | 394 | 388 |
| **Jane Street Group/JSG Finance, Inc.**  |  |  |
| 6.750% due 05/01/2033  | 23250 | 24284 |
| 7.125% due 04/30/2031  | 40750 | 42843 |
| **Jefferson Capital Holdings LLC** <br>9.500% due 02/15/2029 | 4825 | 5090 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1000 | 1179 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.**  |  |  |
| 4.250% due 02/01/2027  | $6100 | 6063 |
| 4.750% due 06/15/2029  | 2075 | 2054 |
| 7.000% due 07/15/2031  | 6450 | 6843 |
| **Longleaf Pine Re Ltd.** <br>21.553% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 1150 | 1264 |
| **Luca RE Ltd.** <br>10.910% (JMMMUSTF + 7.250%) due 07/22/2031 ~ | 250 | 258 |
| **Millrose Properties, Inc.**  |  |  |
| 6.250% due 09/15/2032  | 2700 | 2726 |
| 6.375% due 08/01/2030  | 5825 | 5964 |
| **MMIFS Re Ltd.** <br>5.208% (CAONINDX + 2.900%) due 01/10/2033 ~ | 250 | 183 |
| **MPT Operating Partnership LP/MPT Finance Corp.** <br>8.500% due 02/15/2032 | $9650 | 10313 |
| **Nature Coast Re Ltd.** <br>13.371% (GSMMUSTI + 9.750%) due 04/10/2033 ~ | 250 | 260 |
| **Navient Corp.** <br>6.750% due 06/15/2026 | 424 | 430 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 35575 | 38197 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 1.850% due 09/16/2026  | 3925 | 3842 |
| 5.625% due 09/29/2028  | 18150 | 18212 |
| 6.125% due 09/30/2030  | 26850 | 26873 |
| 6.950% due 09/15/2026  | 3075 | 3119 |
| **OneMain Finance Corp.**  |  |  |
| 3.500% due 01/15/2027  | 7434 | 7367 |
| 5.375% due 11/15/2029  | 9000 | 9011 |
| 6.125% due 05/15/2030  | 10050 | 10270 |
| 6.625% due 05/15/2029  | 13650 | 14155 |
| 6.750% due 09/15/2033  | 16000 | 16222 |
| 7.500% due 05/15/2031  | 15725 | 16557 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 250 | 306 |
| **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** <br>6.375% due 02/01/2027 | $13314 | 13362 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Palm RE Ltd.**  |  |  |
| 11.380% (BNMMDTSC + 7.750%) due 06/07/2032 ~  | 250 | 261 |
| 13.330% (BNMMDTSC + 9.700%) due 06/09/2031 ~  | 250 | 265 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (d) | 7650 | 5907 |
| **Panther Escrow Issuer LLC** <br>7.125% due 06/01/2031 | 27025 | 28022 |
| **Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer** <br>5.875% due 10/01/2028 | 3100 | 3105 |
| **Pebblebrook Hotel LP/PEB Finance Corp.** <br>6.375% due 10/15/2029 | 8885 | 9127 |
| **PennyMac Financial Services, Inc.**  |  |  |
| 4.250% due 02/15/2029  | 13000 | 12766 |
| 5.750% due 09/15/2031  | 7500 | 7564 |
| 6.875% due 05/15/2032  | 8900 | 9322 |
| 7.125% due 11/15/2030  | 14650 | 15457 |
| 7.875% due 12/15/2029  | 7650 | 8145 |
| **Purple Re Ltd.** <br>12.786% (JMMMUSTF + 9.126%) due 06/06/2031 ~ | 1300 | 1369 |
| **RHP Hotel Properties LP/RHP Finance Corp.** <br>4.500% due 02/15/2029 | 17000 | 16845 |
| **RLJ Lodging Trust LP**  |  |  |
| 3.750% due 07/01/2026  | 2105 | 2100 |
| 4.000% due 09/15/2029  | 8600 | 8164 |
| **Rocket Cos., Inc.**  |  |  |
| 6.125% due 08/01/2030  | 22025 | 22779 |
| 6.500% due 08/01/2029  | 15440 | 15944 |
| 7.125% due 02/01/2032  | 11450 | 12051 |
| **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.**  |  |  |
| 3.625% due 03/01/2029  | 4100 | 3963 |
| 3.875% due 03/01/2031  | 5800 | 5512 |
| **SBA Communications Corp.** <br>3.125% due 02/01/2029 | 20500 | 19627 |
| **Service Properties Trust** <br>0.000% due 09/30/2028 (d) | 15100 | 13664 |
| **SLM Corp.** <br>6.500% due 01/31/2030 | 7975 | 8267 |
| **Starwood Property Trust, Inc.**  |  |  |
| 4.375% due 01/15/2027  | 1000 | 994 |
| 5.250% due 10/15/2028  | 4550 | 4600 |
| 5.750% due 01/15/2031  | 17675 | 17887 |
| 6.000% due 04/15/2030  | 4425 | 4558 |
| 6.500% due 07/01/2030  | 6875 | 7196 |
| 6.500% due 10/15/2030  | 4775 | 4982 |
| **Synchrony Financial** <br>7.250% due 02/02/2033 | 1000 | 1075 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.696% (JMMMUSTF + 6.036%) due 06/07/2032 ~  | 250 | 262 |
| 10.766% (JMMMUSTF + 7.106%) due 06/07/2032 ~  | 300 | 313 |
| 12.988% (BRMMUSDF + 9.378%) due 06/05/2031 ~  | 250 | 255 |
| **UniCredit SpA** <br>5.459% due 06/30/2035 •  | 18500 | 18868 |
| **Ursa Re II Ltd.** <br>8.542% (T-BILL 3MO + 5.000%) due 12/07/2029 ~ | 250 | 250 |
| **Ursa Re Ltd.** <br>11.121% (GSMMUSTI + 7.500%) due 02/22/2028 ~ | 550 | 561 |
| **USI, Inc.** <br>7.500% due 01/15/2032 | 500 | 525 |
| **UWM Holdings LLC** <br>6.250% due 03/15/2031 | 10800 | 10788 |
| **Veraison Re Ltd.** <br>8.621% (GSMMUSTI + 5.000%) due 03/08/2033 ~ | 250 | 258 |
| **VFH Parent LLC/Valor Co-Issuer, Inc.** <br>7.500% due 06/15/2031 | 7400 | 7769 |
| **Vornado Realty LP** <br>3.400% due 06/01/2031 | 4270 | 3876 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 250 | 302 |
| **Winston RE Ltd.** <br>10.130% (BNMMDTSC + 6.500%) due 02/21/2028 ~ | $250 | 258 |
|  |  | 1032027 |
| **INDUSTRIALS 63.7%**  |  |  |
| **1011778 BC ULC/New Red Finance, Inc.**  |  |  |
| 3.500% due 02/15/2029  | 13950 | 13528 |
| 3.875% due 01/15/2028  | 20000 | 19734 |
| 4.000% due 10/15/2030  | 43900 | 41860 |
| 4.375% due 01/15/2028  | 9000 | 8976 |
| **1261229 BC Ltd.** <br>10.000% due 04/15/2032 | 20100 | 20919 |
| **180 Medical, Inc.** <br>3.875% due 10/15/2029 | 11000 | 10736 |
| **ADT Security Corp.** <br>5.875% due 10/15/2033 | 24525 | 24854 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Advance Auto Parts, Inc.**  |  |  |
| 3.900% due 04/15/2030  | 750 | 689 |
| 7.000% due 08/01/2030  | 19775 | 19956 |
| **Advantage Sales & Marketing, Inc.** <br>6.500% due 11/15/2028 | 3750 | 3069 |
| **Ahlstrom Holding 3 OYJ** <br>4.875% due 02/04/2028 | 21543 | 21224 |
| **Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC**  |  |  |
| 3.500% due 03/15/2029  | 3125 | 3005 |
| 4.625% due 01/15/2027  | 4801 | 4801 |
| 5.500% due 03/31/2031  | 2500 | 2529 |
| 5.875% due 02/15/2028  | 5284 | 5322 |
| **Albion Financing 1 SARL/Aggreko Holdings, Inc.** <br>7.000% due 05/21/2030 | 46405 | 48621 |
| **Allied Universal Holdco LLC** <br>7.875% due 02/15/2031 | 3025 | 3190 |
| **Allison Transmission, Inc.**  |  |  |
| 3.750% due 01/30/2031  | 12775 | 12038 |
| 4.750% due 10/01/2027  | 2425 | 2423 |
| **Altice France SA** <br>6.875% due 10/15/2030 | 11706 | 11364 |
| **Alumina Pty. Ltd.** <br>6.125% due 03/15/2030 | 4750 | 4924 |
| **AMC Networks, Inc.** <br>10.250% due 01/15/2029 | 10450 | 10965 |
| **Amer Sports Co.** <br>6.750% due 02/16/2031 | 6750 | 7083 |
| **American Airlines Pass-Through Trust** <br>3.375% due 11/01/2028 | 2465 | 2435 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.**  |  |  |
| 5.500% due 04/20/2026  | 5668 | 5679 |
| 5.750% due 04/20/2029  | 20525 | 20914 |
| **American Builders & Contractors Supply Co., Inc.**  |  |  |
| 3.875% due 11/15/2029  | 16958 | 16358 |
| 4.000% due 01/15/2028  | 9125 | 9069 |
| **ams-OSRAM AG** <br>12.250% due 03/30/2029 | 17719 | 18909 |
| **Apache Corp.** <br>4.875% due 11/15/2027 | 3900 | 3846 |
| **APi Group DE, Inc.** <br>4.125% due 07/15/2029 | 19750 | 19297 |
| **APLD ComputeCo LLC** <br>9.250% due 12/15/2030 | 1975 | 1939 |
| **Aramark Services, Inc.** <br>5.000% due 02/01/2028 | 10825 | 10833 |
| **Arcosa, Inc.** <br>6.875% due 08/15/2032 | 600 | 635 |
| **Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC**  |  |  |
| 3.250% due 09/01/2028  | 3000 | 2892 |
| 6.250% due 01/30/2031  | 22775 | 23308 |
| **Ascent Resources Utica Holdings LLC/ARU Finance Corp.** <br>5.875% due 06/30/2029 | 2225 | 2239 |
| **Aston Martin Capital Holdings Ltd.** <br>10.000% due 03/31/2029 | 15175 | 14135 |
| **AthenaHealth Group, Inc.** <br>6.500% due 02/15/2030 | 8650 | 8631 |
| **ATS Corp.** <br>4.125% due 12/15/2028 | 11000 | 10774 |
| **Avantor Funding, Inc.** <br>4.625% due 07/15/2028 | 8650 | 8610 |
| **Avis Budget Car Rental LLC/Avis Budget Finance, Inc.**  |  |  |
| 4.750% due 04/01/2028  | 18201 | 17814 |
| 5.750% due 07/15/2027  | 2818 | 2834 |
| **Axalta Coating Systems Dutch Holding B BV** <br>7.250% due 02/15/2031 | 725 | 766 |
| **Axalta Coating Systems LLC** <br>3.375% due 02/15/2029 | 19100 | 18437 |
| **Axon Enterprise, Inc.**  |  |  |
| 6.125% due 03/15/2030  | 7150 | 7399 |
| 6.250% due 03/15/2033  | 1800 | 1880 |
| **B&G Foods, Inc.** <br>8.000% due 09/15/2028 | 13750 | 13545 |
| **Ball Corp.** <br>2.875% due 08/15/2030 | 24475 | 22648 |
| **Bausch & Lomb Corp.** <br>8.375% due 10/01/2028 | 20340 | 21255 |
| **Beacon Mobility Corp.** <br>7.250% due 08/01/2030 | 8775 | 9183 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 50975 | 53901 |
| **BellRing Brands, Inc.** <br>7.000% due 03/15/2030 | 2000 | 2069 |
| **BKV Upstream Midstream LLC** <br>7.500% due 10/15/2030 | 14700 | 14970 |
| **Block, Inc.**  |  |  |
| 2.750% due 06/01/2026  | 10850 | 10791 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.500% due 06/01/2031  | 26075 | 24527 |
| 5.625% due 08/15/2030  | 16500 | 16844 |
| 6.000% due 08/15/2033  | 8000 | 8217 |
| 6.500% due 05/15/2032  | 16200 | 16856 |
| **Boise Cascade Co.** <br>4.875% due 07/01/2030 | 800 | 795 |
| **Bombardier, Inc.** <br>8.750% due 11/15/2030 | 1250 | 1352 |
| **Boyd Gaming Corp.** <br>4.750% due 06/15/2031 | 4450 | 4351 |
| **Brightstar Lottery PLC/Brightstar Global Solutions Corp.** <br>5.750% due 01/15/2033 | 4200 | 4172 |
| **Brink's Co.** <br>4.625% due 10/15/2027 | 4125 | 4128 |
| **Builders FirstSource, Inc.**  |  |  |
| 4.250% due 02/01/2032  | 24457 | 23309 |
| 5.000% due 03/01/2030  | 12100 | 12074 |
| **BWX Technologies, Inc.**  |  |  |
| 4.125% due 06/30/2028  | 4350 | 4300 |
| 4.125% due 04/15/2029  | 11025 | 10752 |
| **Camelot Finance SA** <br>4.500% due 11/01/2026 | 1501 | 1492 |
| **Carnival Corp.**  |  |  |
| 4.000% due 08/01/2028  | 3000 | 2957 |
| 5.750% due 03/15/2030  | 7950 | 8183 |
| 5.750% due 08/01/2032  | 42425 | 43593 |
| 5.875% due 06/15/2031  | 5225 | 5401 |
| **Carpenter Technology Corp.** <br>5.625% due 03/01/2034 | 6625 | 6737 |
| **Carvana Co.**  |  |  |
| 9.000% due 06/01/2030  | 11025 | 11570 |
| 9.000% due 06/01/2031  | 4200 | 4742 |
| **CCO Holdings LLC/CCO Holdings Capital Corp.**  |  |  |
| 4.250% due 02/01/2031  | 27975 | 25722 |
| 4.500% due 08/15/2030  | 27000 | 25439 |
| 4.500% due 05/01/2032  | 6400 | 5748 |
| 4.750% due 03/01/2030  | 26800 | 25612 |
| 5.000% due 02/01/2028  | 22775 | 22608 |
| 5.125% due 05/01/2027  | 5500 | 5496 |
| 5.375% due 06/01/2029  | 24300 | 24042 |
| **Celanese U.S. Holdings LLC**  |  |  |
| 1.400% due 08/05/2026  | 8102 | 7979 |
| 6.500% due 04/15/2030 (k)  | 2450 | 2464 |
| 7.000% due 02/15/2031  | 450 | 461 |
| **Centene Corp.** <br>2.450% due 07/15/2028 | 400 | 375 |
| **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** <br>8.000% due 06/15/2029 | 6725 | 5853 |
| **Century Communities, Inc.** <br>6.625% due 09/15/2033 | 6375 | 6451 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 37856 | 39323 |
| **Cheplapharm Arzneimittel GmbH** <br>5.500% due 01/15/2028 | 2514 | 2489 |
| **Chobani LLC/Chobani Finance Corp., Inc.**  |  |  |
| 4.625% due 11/15/2028  | 1875 | 1882 |
| 7.625% due 07/01/2029  | 4553 | 4755 |
| **Chord Energy Corp.**  |  |  |
| 6.000% due 10/01/2030  | 13275 | 13488 |
| 6.750% due 03/15/2033  | 29050 | 30060 |
| **CHS/Community Health Systems, Inc.**  |  |  |
| 4.750% due 02/15/2031  | 19975 | 17809 |
| 5.250% due 05/15/2030  | 6175 | 5811 |
| 6.000% due 01/15/2029  | 11942 | 11985 |
| 9.750% due 01/15/2034  | 25950 | 27288 |
| 10.875% due 01/15/2032  | 13342 | 14579 |
| **Churchill Downs, Inc.**  |  |  |
| 4.750% due 01/15/2028  | 21900 | 21902 |
| 5.500% due 04/01/2027  | 375 | 376 |
| 6.750% due 05/01/2031  | 8400 | 8721 |
| **Cimpress PLC** <br>7.375% due 09/15/2032 | 125 | 128 |
| **Cipher Compute LLC** <br>7.125% due 11/15/2030 | 1375 | 1402 |
| **Civitas Resources, Inc.**  |  |  |
| 5.000% due 10/15/2026  | 4550 | 4554 |
| 8.750% due 07/01/2031  | 8575 | 8906 |
| 9.625% due 06/15/2033  | 8680 | 9377 |
| **Clarivate Science Holdings Corp.** <br>3.875% due 07/01/2028 | 16700 | 16224 |
| **Clear Channel Outdoor Holdings, Inc.**  |  |  |
| 7.125% due 02/15/2031  | 2525 | 2653 |
| 7.500% due 03/15/2033  | 3625 | 3832 |
| **Cleveland-Cliffs, Inc.**  |  |  |
| 6.875% due 11/01/2029  | 2144 | 2222 |
| 7.625% due 01/15/2034  | 19090 | 19964 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Cloud Software Group, Inc.**  |  |  |
| 6.500% due 03/31/2029  | 18425 | 18678 |
| 6.625% due 08/15/2033  | 11800 | 11702 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| 6.625% due 04/15/2029  | 10000 | 10209 |
| 6.750% due 04/15/2032  | 5175 | 5325 |
| 6.875% due 01/15/2030  | 9350 | 9595 |
| 8.750% due 04/15/2030  | 26050 | 26503 |
| **Cogent Communications Group LLC/Cogent Finance, Inc.**  |  |  |
| 6.500% due 07/01/2032 (k)  | 24675 | 23107 |
| 7.000% due 06/15/2027  | 13075 | 13124 |
| **Commercial Metals Co.**  |  |  |
| 5.750% due 11/15/2033  | 6500 | 6650 |
| 6.000% due 12/15/2035  | 8925 | 9155 |
| **CommScope LLC** <br>4.750% due 09/01/2029 | 6625 | 6621 |
| **Comstock Resources, Inc.**  |  |  |
| 5.875% due 01/15/2030  | 5300 | 5159 |
| 6.750% due 03/01/2029  | 9300 | 9316 |
| **Connect Finco SARL/Connect U.S. Finco LLC** <br>9.000% due 09/15/2029 | 2000 | 2124 |
| **CoreWeave, Inc.**  |  |  |
| 9.000% due 02/01/2031  | 11270 | 10343 |
| 9.250% due 06/01/2030  | 5650 | 5259 |
| **CQP Holdco LP/BIP-V Chinook Holdco LLC** <br>5.500% due 06/15/2031 | 37945 | 37565 |
| **Crescent Energy Finance LLC**  |  |  |
| 7.375% due 01/15/2033  | 7950 | 7549 |
| 8.375% due 01/15/2034  | 7475 | 7430 |
| **Crocs, Inc.** <br>4.125% due 08/15/2031 | 5000 | 4644 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | 20971 | 20142 |
| **Czechoslovak Group AS** <br>6.500% due 01/10/2031 | 19200 | 19747 |
| **Danaos Corp.** <br>6.875% due 10/15/2032 | 8175 | 8461 |
| **DaVita, Inc.** <br>4.625% due 06/01/2030 | 13225 | 12869 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 11275 | 11599 |
| **Deluxe Corp.** <br>8.125% due 09/15/2029 | 4750 | 5010 |
| **Diamond Foreign Asset Co./Diamond Finance LLC** <br>8.500% due 10/01/2030 | 16425 | 17459 |
| **Directv Financing LLC** <br>8.875% due 02/01/2030 | 19625 | 19881 |
| **Directv Financing LLC/Directv Financing Co-Obligor, Inc.** <br>5.875% due 08/15/2027 | 1589 | 1599 |
| **Discovery Communications LLC**  |  |  |
| 3.625% due 05/15/2030  | 4050 | 3734 |
| 3.950% due 03/20/2028  | 14875 | 14622 |
| 6.350% due 06/01/2040  | 1100 | 912 |
| **DISH DBS Corp.** <br>5.125% due 06/01/2029 | 75 | 67 |
| **DISH Network Corp.** <br>11.750% due 11/15/2027 | 18211 | 18965 |
| **DT Midstream, Inc.** <br>4.375% due 06/15/2031 | 2775 | 2718 |
| **EchoStar Corp.** <br>10.750% due 11/30/2029 | 31594 | 34962 |
| **EchoStar Corp. (6.750% Cash or 6.750% PIK)** <br>6.750% due 11/30/2030 (a) | 13725 | 14078 |
| **Efesto Bidco SpA Efesto U.S. LLC** <br>7.500% due 02/15/2032 | 8575 | 8682 |
| **Element Solutions, Inc.** <br>3.875% due 09/01/2028 | 8500 | 8314 |
| **Ellucian Holdings, Inc.** <br>6.500% due 12/01/2029 | 5475 | 5596 |
| **Excelerate Energy LP** <br>8.000% due 05/15/2030 | 8800 | 9330 |
| **Fair Isaac Corp.** <br>4.000% due 06/15/2028 | 3100 | 3069 |
| **Fibercop SpA**  |  |  |
| 6.000% due 09/30/2034  | 675 | 643 |
| 6.375% due 11/15/2033  | 6600 | 6557 |
| 7.200% due 07/18/2036  | 2450 | 2444 |
| **First Quantum Minerals Ltd.** <br>7.250% due 02/15/2034 | 1300 | 1368 |
| **First Student Bidco, Inc./First Transit Parent, Inc.** <br>4.000% due 07/31/2029 | 13250 | 12925 |
| **Fortescue Treasury Pty. Ltd.**  |  |  |
| 4.375% due 04/01/2031  | 5387 | 5215 |
| 4.500% due 09/15/2027  | 6625 | 6614 |
| 5.875% due 04/15/2030  | 3147 | 3239 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Fortress Intermediate 3, Inc.** <br>7.500% due 06/01/2031 | 6325 | 6608 |
| **Froneri Lux FinCo SARL** <br>6.000% due 08/01/2032 | 8625 | 8750 |
| **Frontier Communications Holdings LLC**  |  |  |
| 6.000% due 01/15/2030  | 19200 | 19541 |
| 8.625% due 03/15/2031  | 5500 | 5805 |
| **Gap, Inc.** <br>3.625% due 10/01/2029 | 11529 | 10946 |
| **GFL Environmental, Inc.**  |  |  |
| 3.500% due 09/01/2028  | 8000 | 7872 |
| 4.000% due 08/01/2028  | 14900 | 14705 |
| 4.375% due 08/15/2029  | 3000 | 2952 |
| **Global Medical Response, Inc.** <br>7.375% due 10/01/2032 | 10500 | 10934 |
| **Go Daddy Operating Co. LLC/GD Finance Co., Inc.**  |  |  |
| 3.500% due 03/01/2029  | 12100 | 11627 |
| 5.250% due 12/01/2027  | 1727 | 1733 |
| **Goat Holdco LLC** <br>6.750% due 02/01/2032 | 6398 | 6576 |
| **goeasy Ltd.**  |  |  |
| 6.875% due 05/15/2030  | 2475 | 2365 |
| 7.375% due 10/01/2030  | 24525 | 23621 |
| 7.625% due 07/01/2029  | 15375 | 15216 |
| 9.250% due 12/01/2028  | 10750 | 11062 |
| **Graham Holdings Co.** <br>5.625% due 12/01/2033 | 8625 | 8730 |
| **Graham Packaging Co., Inc.** <br>7.125% due 08/15/2028 | 25050 | 25122 |
| **Graphic Packaging International LLC**  |  |  |
| 3.750% due 02/01/2030  | 2450 | 2326 |
| 4.750% due 07/15/2027  | 1075 | 1076 |
| **Gray Media, Inc.**  |  |  |
| 4.750% due 10/15/2030  | 1825 | 1417 |
| 5.375% due 11/15/2031  | 3200 | 2402 |
| 9.625% due 07/15/2032  | 17600 | 18278 |
| 10.500% due 07/15/2029 (k)  | 5355 | 5768 |
| **Griffon Corp.** <br>5.750% due 03/01/2028 | 14945 | 14982 |
| **Grifols SA** <br>4.750% due 10/15/2028 | 6000 | 5930 |
| **Gulfport Energy Operating Corp.** <br>6.750% due 09/01/2029 | 4150 | 4291 |
| **HealthEquity, Inc.** <br>4.500% due 10/01/2029 | 11800 | 11607 |
| **Herc Holdings, Inc.** <br>5.750% due 03/15/2031 | 4550 | 4620 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.625% due 02/15/2032  | 19000 | 17652 |
| 3.750% due 05/01/2029  | 9400 | 9163 |
| 4.000% due 05/01/2031  | 12100 | 11593 |
| 5.750% due 09/15/2033  | 5375 | 5504 |
| **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** <br>5.000% due 06/01/2029 | 2075 | 2017 |
| **Hologic, Inc.** <br>3.250% due 02/15/2029 | 17675 | 17434 |
| **Howard Midstream Energy Partners LLC**  |  |  |
| 6.625% due 01/15/2034  | 8145 | 8371 |
| 7.375% due 07/15/2032  | 15245 | 16096 |
| **IHO Verwaltungs GmbH (6.375% Cash or 7.125% PIK)** <br>6.375% due 05/15/2029 (a) | 2225 | 2253 |
| **IHO Verwaltungs GmbH (7.750% Cash or 8.500% PIK)** <br>7.750% due 11/15/2030 (a) | 8750 | 9201 |
| **Imola Merger Corp.** <br>4.750% due 05/15/2029 | 12400 | 12249 |
| **INEOS Finance PLC** <br>6.750% due 05/15/2028 | 4000 | 3557 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | 46104 | 45087 |
| **Insulet Corp.** <br>6.500% due 04/01/2033 | 4850 | 5074 |
| **IQVIA, Inc.** <br>6.250% due 06/01/2032 | 24850 | 25997 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 | 31850 | 32116 |
| **KBR, Inc.** <br>4.750% due 09/30/2028 | 1982 | 1953 |
| **Kodiak Gas Services LLC**  |  |  |
| 6.500% due 10/01/2033  | 7125 | 7280 |
| 6.750% due 10/01/2035  | 3775 | 3883 |
| 7.250% due 02/15/2029  | 2850 | 2967 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 21850 | 21659 |
| **Lamar Media Corp.**  |  |  |
| 3.625% due 01/15/2031  | 2800 | 2638 |
| 3.750% due 02/15/2028  | 5565 | 5482 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 02/15/2030  | 4800 | 4655 |
| 5.375% due 11/01/2033  | 3450 | 3432 |
| **Lamb Weston Holdings, Inc.** <br>4.875% due 05/15/2028 | 4000 | 4005 |
| **Level 3 Financing, Inc.**  |  |  |
| 6.875% due 06/30/2033  | 4525 | 4634 |
| 7.000% due 03/31/2034  | 22325 | 23025 |
| **LifePoint Health, Inc.**  |  |  |
| 8.375% due 02/15/2032  | 9675 | 10510 |
| 9.875% due 08/15/2030  | 9575 | 10321 |
| 11.000% due 10/15/2030  | 23070 | 25328 |
| **Light & Wonder International, Inc.** <br>7.500% due 09/01/2031 | 1700 | 1777 |
| **Lithia Motors, Inc.**  |  |  |
| 3.875% due 06/01/2029  | 1000 | 968 |
| 4.625% due 12/15/2027  | 5175 | 5188 |
| 5.500% due 10/01/2030  | 11050 | 11134 |
| **Live Nation Entertainment, Inc.** <br>3.750% due 01/15/2028 | 9175 | 9043 |
| **Madison IAQ LLC** <br>4.125% due 06/30/2028 | 3100 | 3049 |
| **Matador Resources Co.**  |  |  |
| 6.250% due 04/15/2033  | 23124 | 23243 |
| 6.500% due 04/15/2032  | 14101 | 14310 |
| **Match Group Holdings II LLC**  |  |  |
| 3.625% due 10/01/2031  | 2975 | 2744 |
| 4.625% due 06/01/2028  | 5000 | 4979 |
| 5.000% due 12/15/2027  | 9807 | 9831 |
| **Mauser Packaging Solutions Holding Co.** <br>7.875% due 04/15/2030 | 4525 | 4493 |
| **Maxam Prill SARL** <br>7.750% due 07/15/2030 | 3625 | 3766 |
| **McGraw-Hill Education, Inc.**  |  |  |
| 5.750% due 08/01/2028  | 6659 | 6698 |
| 7.375% due 09/01/2031  | 5900 | 6229 |
| **Medline Borrower LP**  |  |  |
| 3.875% due 04/01/2029  | 53550 | 52319 |
| 5.250% due 10/01/2029 (k)  | 1000 | 1006 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** <br>7.375% due 02/15/2031 | 13950 | 12438 |
| **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** <br>4.875% due 05/01/2029 | 2470 | 2431 |
| **Mineral Resources Ltd.** <br>7.000% due 04/01/2031 | 7225 | 7541 |
| **Moss Creek Resources Holdings, Inc.** <br>8.250% due 09/01/2031 | 3675 | 3522 |
| **Motion Finco SARL** <br>8.375% due 02/15/2032 | 13775 | 12382 |
| **Murphy Oil USA, Inc.**  |  |  |
| 3.750% due 02/15/2031  | 9775 | 9184 |
| 5.625% due 05/01/2027  | 5250 | 5259 |
| **Nabors Industries, Inc.**  |  |  |
| 7.625% due 11/15/2032  | 30550 | 30046 |
| 8.875% due 08/15/2031 (k)  | 1175 | 1141 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 | 19425 | 19546 |
| **NCL Corp. Ltd.** <br>5.875% due 01/15/2031 | 7475 | 7451 |
| **NCR Atleos Corp.** <br>9.500% due 04/01/2029 | 5650 | 6136 |
| **NCR Voyix Corp.**  |  |  |
| 5.125% due 04/15/2029  | 7000 | 6972 |
| 5.250% due 10/01/2030  | 10500 | 10106 |
| **Neptune Bidco U.S., Inc.**  |  |  |
| 9.290% due 04/15/2029  | 15500 | 15536 |
| 10.375% due 05/15/2031  | 10900 | 11182 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 04/30/2029 | 24151 | 22295 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 4.345% due 09/17/2027  | 3000 | 2962 |
| 4.810% due 09/17/2030  | 1600 | 1509 |
| **Noble Finance II LLC** <br>8.000% due 04/15/2030 | 31864 | 33125 |
| **Nordstrom, Inc.**  |  |  |
| 4.250% due 08/01/2031  | 1850 | 1718 |
| 4.375% due 04/01/2030  | 250 | 239 |
| 5.000% due 01/15/2044  | 6000 | 4518 |
| **Northriver Midstream Finance LP** <br>6.750% due 07/15/2032 | 15875 | 16189 |
| **NOVA Chemicals Corp.** <br>4.250% due 05/15/2029 | 4175 | 4086 |
| **Novelis Corp.**  |  |  |
| 3.875% due 08/15/2031  | 3400 | 3102 |
| 4.750% due 01/30/2030  | 9450 | 9135 |
| 6.875% due 01/30/2030  | 2600 | 2701 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NuStar Logistics LP** <br>6.375% due 10/01/2030 | 13625 | 14349 |
| **Odeon Finco PLC** <br>12.750% due 11/01/2027 | 1150 | 1187 |
| **Olympus Water U.S. Holding Corp.**  |  |  |
| 4.250% due 10/01/2028  | 5906 | 5737 |
| 7.250% due 02/15/2033  | 20025 | 20142 |
| **ON Semiconductor Corp.** <br>3.875% due 09/01/2028 | 13000 | 12767 |
| **Open Text Corp.** <br>3.875% due 12/01/2029 | 1375 | 1307 |
| **Open Text Holdings, Inc.** <br>4.125% due 02/15/2030 | 5965 | 5705 |
| **Option Care Health, Inc.** <br>4.375% due 10/31/2029 | 15000 | 14720 |
| **Organon & Co./Organon Foreign Debt Co-Issuer BV**  |  |  |
| 4.125% due 04/30/2028  | 22775 | 22288 |
| 6.750% due 05/15/2034  | 2100 | 1892 |
| **Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.** <br>8.750% due 04/17/2032 | 5100 | 4625 |
| **Park River Holdings, Inc.** <br>8.000% due 03/15/2031 | 2075 | 2148 |
| **Performance Food Group, Inc.**  |  |  |
| 4.250% due 08/01/2029  | 15075 | 14795 |
| 5.500% due 10/15/2027  | 2000 | 2004 |
| **Permian Resources Operating LLC**  |  |  |
| 5.875% due 07/01/2029  | 9709 | 9798 |
| 6.250% due 02/01/2033  | 9050 | 9288 |
| 7.000% due 01/15/2032  | 7750 | 8107 |
| 8.000% due 04/15/2027  | 2900 | 2948 |
| **Pilgrim's Pride Corp.** <br>3.500% due 03/01/2032 | 3200 | 2959 |
| **Post Holdings, Inc.**  |  |  |
| 4.500% due 09/15/2031  | 9850 | 9347 |
| 4.625% due 04/15/2030  | 20475 | 19955 |
| 6.500% due 03/15/2036  | 29875 | 29940 |
| **Precision Drilling Corp.** <br>6.875% due 01/15/2029 | 2400 | 2429 |
| **Prime Healthcare Services, Inc.** <br>9.375% due 09/01/2029 | 9300 | 9780 |
| **Prime Security Services Borrower LLC/Prime Finance, Inc.** <br>3.375% due 08/31/2027 | 3000 | 2945 |
| **Primo Water Holdings, Inc./Triton Water Holdings, Inc.**  |  |  |
| 4.375% due 04/30/2029  | 11050 | 10764 |
| 6.250% due 04/01/2029  | 24743 | 24955 |
| **PTC, Inc.** <br>4.000% due 02/15/2028 | 6205 | 6135 |
| **Qnity Electronics, Inc.** <br>5.750% due 08/15/2032 | 8950 | 9162 |
| **Quikrete Holdings, Inc.** <br>6.375% due 03/01/2032 | 33965 | 35376 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 19925 | 20826 |
| **Rakuten Group, Inc.**  |  |  |
| 8.125% due 12/15/2029 •(e)  | 3025 | 3118 |
| 9.750% due 04/15/2029  | 20950 | 23451 |
| 11.250% due 02/15/2027  | 5800 | 6207 |
| **Rand Parent LLC** <br>8.500% due 02/15/2030 | 4975 | 5187 |
| **Range Resources Corp.** <br>4.750% due 02/15/2030 | 9425 | 9308 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 19575 | 20189 |
| **ROBLOX Corp.** <br>3.875% due 05/01/2030 | 10000 | 9576 |
| **Sabre GLBL, Inc.** <br>10.750% due 03/15/2030 | 139 | 114 |
| **Science Applications International Corp.** <br>5.875% due 11/01/2033 | 6125 | 6213 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 28375 | 29529 |
| **Seagate Data Storage Technology Pte. Ltd.**  |  |  |
| 4.091% due 06/01/2029  | 7988 | 7836 |
| 5.750% due 12/01/2034  | 900 | 925 |
| 5.875% due 07/15/2030  | 12000 | 12385 |
| 9.625% due 12/01/2032  | 10000 | 11358 |
| **Service Corp. International** <br>3.375% due 08/15/2030 | 14875 | 13921 |
| **Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.** <br>6.750% due 08/15/2032 | 325 | 336 |
| **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed** <br>4.625% due 03/01/2029 | 26950 | 25993 |
| **Sirius XM Radio LLC**  |  |  |
| 3.125% due 09/01/2026  | 10275 | 10217 |
| 3.875% due 09/01/2031 (k)  | 25525 | 23524 |
| 4.125% due 07/01/2030  | 26645 | 25359 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 08/01/2027  | 1950 | 1961 |
| **SK Invictus Intermediate II SARL** <br>5.000% due 10/30/2029 | 3245 | 3216 |
| **SM Energy Co.**  |  |  |
| 6.750% due 08/01/2029  | 9654 | 9730 |
| 7.000% due 08/01/2032  | 3325 | 3271 |
| **Smyrna Ready Mix Concrete LLC** <br>6.000% due 11/01/2028 | 4550 | 4575 |
| **Snap, Inc.**  |  |  |
| 6.875% due 03/01/2033  | 17347 | 17989 |
| 6.875% due 03/15/2034  | 21000 | 21638 |
| **Specialty Building Products Holdings LLC/SBP Finance Corp.** <br>7.750% due 10/15/2029 | 2825 | 2759 |
| **Speedway Motorsports LLC/Speedway Funding II, Inc.** <br>4.875% due 11/01/2027 | 12500 | 12491 |
| **SS&C Technologies, Inc.**  |  |  |
| 5.500% due 09/30/2027  | 1700 | 1703 |
| 6.500% due 06/01/2032  | 2875 | 2994 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 21625 | 21104 |
| **Standard Industries, Inc.**  |  |  |
| 3.375% due 01/15/2031  | 24100 | 22155 |
| 4.375% due 07/15/2030  | 4575 | 4417 |
| 4.750% due 01/15/2028  | 5000 | 4992 |
| **Staples, Inc.** <br>10.750% due 09/01/2029 | 8400 | 8362 |
| **Star Parent, Inc.** <br>9.000% due 10/01/2030 | 6075 | 6491 |
| **Station Casinos LLC**  |  |  |
| 4.500% due 02/15/2028  | 13925 | 13818 |
| 6.625% due 03/15/2032  | 6542 | 6727 |
| **Stonepeak Nile Parent LLC** <br>7.250% due 03/15/2032 | 5750 | 6092 |
| **Sunoco LP**  |  |  |
| 4.500% due 10/01/2029  | 3000 | 2931 |
| 5.625% due 03/15/2031  | 15000 | 15118 |
| 6.250% due 07/01/2033  | 2500 | 2562 |
| 7.000% due 05/01/2029  | 9325 | 9731 |
| **Sunoco LP/Sunoco Finance Corp.** <br>4.500% due 05/15/2029 | 3550 | 3488 |
| **Synergy Infrastructure Holdings LLC** <br>7.875% due 12/01/2030 | 3080 | 3201 |
| **Talos Production, Inc.** <br>9.000% due 02/01/2029 | 4200 | 4376 |
| **Taylor Morrison Communities, Inc.** <br>5.750% due 11/15/2032 | 4400 | 4530 |
| **Teleflex, Inc.** <br>4.625% due 11/15/2027 | 5059 | 5055 |
| **Tenet Healthcare Corp.**  |  |  |
| 4.375% due 01/15/2030  | 11000 | 10802 |
| 5.500% due 11/15/2032  | 23725 | 24066 |
| 6.000% due 11/15/2033  | 2575 | 2653 |
| **Teva Pharmaceutical Finance Netherlands III BV** <br>6.000% due 12/01/2032 | 14785 | 15528 |
| **TGS ASA** <br>8.500% due 01/15/2030 | 18188 | 19059 |
| **Tidewater, Inc.** <br>9.125% due 07/15/2030 | 3350 | 3597 |
| **TK Elevator U.S. Newco, Inc.** <br>5.250% due 07/15/2027 | 13182 | 13193 |
| **TopBuild Corp.**  |  |  |
| 3.625% due 03/15/2029  | 24571 | 23818 |
| 4.125% due 02/15/2032  | 22558 | 21445 |
| **Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC** <br>9.500% due 05/15/2030 | 13150 | 13144 |
| **TransDigm, Inc.**  |  |  |
| 4.625% due 01/15/2029  | 15800 | 15709 |
| 6.000% due 01/15/2033  | 15000 | 15364 |
| 6.250% due 01/31/2034  | 4800 | 4983 |
| 6.375% due 03/01/2029  | 23400 | 24161 |
| 6.750% due 01/31/2034  | 10250 | 10684 |
| 6.875% due 12/15/2030  | 14625 | 15313 |
| 7.125% due 12/01/2031  | 3750 | 3946 |
| **Transocean Aquila Ltd.** <br>8.000% due 09/30/2028 | 723 | 744 |
| **Transocean International Ltd.**  |  |  |
| 7.875% due 10/15/2032  | 10388 | 10898 |
| 8.250% due 05/15/2029  | 1550 | 1563 |
| 8.500% due 05/15/2031  | 13525 | 13406 |
| 8.750% due 02/15/2030  | 5513 | 5763 |
| **Travel & Leisure Co.** <br>4.625% due 03/01/2030 | 3375 | 3306 |
| **Trivium Packaging Finance BV** <br>8.250% due 07/15/2030 | 5715 | 6131 |
| **Tronox, Inc.** <br>9.125% due 09/30/2030 | 2450 | 2448 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Twilio, Inc.**  |  |  |
| 3.625% due 03/15/2029  | 3000 | 2903 |
| 3.875% due 03/15/2031  | 6200 | 5929 |
| **U.S. Acute Care Solutions LLC** <br>9.750% due 05/15/2029 | 6225 | 6279 |
| **U.S. Foods, Inc.**  |  |  |
| 4.625% due 06/01/2030  | 7000 | 6914 |
| 4.750% due 02/15/2029  | 23375 | 23279 |
| 5.750% due 04/15/2033  | 600 | 612 |
| 6.875% due 09/15/2028  | 3525 | 3651 |
| **UKG, Inc.** <br>6.875% due 02/01/2031 | 13475 | 13863 |
| **United Airlines, Inc.** <br>4.375% due 04/15/2026 | 5325 | 5322 |
| **United Rentals North America, Inc.**  |  |  |
| 3.750% due 01/15/2032  | 5200 | 4893 |
| 3.875% due 02/15/2031  | 1000 | 955 |
| 4.000% due 07/15/2030  | 10000 | 9700 |
| 4.875% due 01/15/2028  | 2000 | 2001 |
| 6.125% due 03/15/2034  | 21050 | 21954 |
| **Univision Communications, Inc.**  |  |  |
| 4.500% due 05/01/2029  | 16268 | 15639 |
| 7.375% due 06/30/2030  | 3500 | 3570 |
| 8.000% due 08/15/2028  | 16100 | 16687 |
| 8.500% due 07/31/2031  | 975 | 1019 |
| 9.375% due 08/01/2032  | 16525 | 17773 |
| **USA Compression Partners LP/USA Compression Finance Corp.**  |  |  |
| 6.250% due 10/01/2033  | 10175 | 10302 |
| 7.125% due 03/15/2029  | 2000 | 2071 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 39525 | 41149 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 11/01/2033  | 6925 | 5942 |
| 4.125% due 08/15/2031  | 5200 | 4735 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 38025 | 36624 |
| 8.125% due 06/01/2028  | 3000 | 3040 |
| 8.375% due 06/01/2031  | 67100 | 66765 |
| 9.500% due 02/01/2029  | 12700 | 13171 |
| 9.875% due 02/01/2032  | 8962 | 9264 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 31875 | 32478 |
| 6.500% due 01/15/2034  | 12350 | 12656 |
| 6.500% due 06/15/2034  | 15075 | 15411 |
| 6.750% due 01/15/2036  | 9166 | 9393 |
| 7.500% due 05/01/2033  | 13575 | 14675 |
| 7.750% due 05/01/2035  | 4300 | 4711 |
| **Veritiv Operating Co.** <br>10.500% due 11/30/2030 | 6775 | 7293 |
| **Versant Media Group, Inc.** <br>7.250% due 01/30/2031 | 17975 | 18555 |
| **Vertiv Group Corp.** <br>4.125% due 11/15/2028 | 15000 | 14825 |
| **Viking Cruises Ltd.**  |  |  |
| 5.875% due 10/15/2033  | 8125 | 8255 |
| 7.000% due 02/15/2029  | 4300 | 4340 |
| 9.125% due 07/15/2031  | 20200 | 21642 |
| **Virgin Media Finance PLC** <br>5.000% due 07/15/2030 | 9000 | 7943 |
| **Virgin Media Secured Finance PLC**  |  |  |
| 4.500% due 08/15/2030  | 13000 | 12082 |
| 5.500% due 05/15/2029  | 26825 | 26444 |
| **Viridien** <br>10.000% due 10/15/2030 | 3781 | 3990 |
| **VistaJet Malta Finance PLC/Vista Management Holding, Inc.**  |  |  |
| 6.375% due 02/01/2030 (k)  | 5125 | 4881 |
| 7.875% due 05/01/2027 (k)  | 10875 | 10963 |
| 9.500% due 06/01/2028  | 10733 | 11140 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 4.250% due 01/31/2031  | 16000 | 14604 |
| 4.750% due 07/15/2031  | 16000 | 14784 |
| 7.750% due 04/15/2032  | 35825 | 37378 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 5000 | 5002 |
| **Voyager Parent LLC** <br>9.250% due 07/01/2032 | 7750 | 8228 |
| **VZ Secured Financing BV**  |  |  |
| 5.000% due 01/15/2032  | 6691 | 6060 |
| 7.500% due 01/15/2033  | 35150 | 35644 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 3.755% due 03/15/2027  | 5457 | 5430 |
| 4.054% due 03/15/2029  | 9150 | 8902 |
| 4.279% due 03/15/2032  | 14495 | 12742 |
| 5.050% due 03/15/2042  | 18675 | 13189 |
| **Wayfair LLC**  |  |  |
| 6.750% due 11/15/2032  | 4500 | 4632 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.250% due 10/31/2029  | 3743 | 3910 |
| 7.750% due 09/15/2030  | 5505 | 5884 |
| **WBI Operating LLC**  |  |  |
| 6.250% due 10/15/2030  | 9475 | 9539 |
| 6.500% due 10/15/2033  | 3400 | 3389 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 28925 | 29638 |
| **Western Digital Corp.**  |  |  |
| 2.850% due 02/01/2029  | 5500 | 5284 |
| 3.100% due 02/01/2032  | 1000 | 923 |
| 4.750% due 02/15/2026  | 750 | 753 |
| **WEX, Inc.** <br>6.500% due 03/15/2033 | 350 | 360 |
| **White Cap Supply Holdings LLC** <br>7.375% due 11/15/2030 | 3725 | 3868 |
| **Wildfire Intermediate Holdings LLC** <br>7.500% due 10/15/2029 | 2480 | 2510 |
| **Williams Scotsman, Inc.** <br>4.625% due 08/15/2028 | 4742 | 4744 |
| **Windstream Services LLC/Windstream Escrow Finance Corp.** <br>8.250% due 10/01/2031 | 8075 | 8484 |
| **WR Grace Holdings LLC**  |  |  |
| 5.625% due 08/15/2029  | 4300 | 4110 |
| 6.625% due 08/15/2032  | 10850 | 10996 |
| 7.375% due 03/01/2031  | 200 | 206 |
| **Wyndham Hotels & Resorts, Inc.** <br>4.375% due 08/15/2028 | 6600 | 6538 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 16000 | 16071 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.**  |  |  |
| 5.125% due 10/01/2029  | 8000 | 8052 |
| 6.250% due 03/15/2033  | 5025 | 5141 |
| 7.125% due 02/15/2031  | 12500 | 13534 |
| **XPLR Infrastructure Operating Partners LP** <br>7.250% due 01/15/2029 | 1100 | 1128 |
| **Yum! Brands, Inc.**  |  |  |
| 3.625% due 03/15/2031  | 14100 | 13354 |
| 4.625% due 01/31/2032  | 12500 | 12264 |
| 4.750% due 01/15/2030  | 7000 | 7014 |
| 6.875% due 11/15/2037  | 1950 | 2154 |
| **Zayo Group Holdings, Inc. (5.750% Cash and 0.500% PIK)** <br>6.250% due 03/09/2030 (a) | 5928 | 5637 |
| **ZF North America Capital, Inc.**  |  |  |
| 6.750% due 04/23/2030  | 23210 | 22951 |
| 6.875% due 04/23/2032  | 1600 | 1566 |
| 7.500% due 03/24/2031  | 12325 | 12466 |
| **Ziggo Bond Co. BV** <br>5.125% due 02/28/2030 | 3300 | 2950 |
| **Ziggo BV** <br>4.875% due 01/15/2030 | 27700 | 26209 |
| **ZipRecruiter, Inc.** <br>5.000% due 01/15/2030 | 3650 | 2869 |
| **ZoomInfo Technologies LLC/ZoomInfo Finance Corp.** <br>3.875% due 02/01/2029 | 9425 | 8909 |
|  |  | 5000253 |
| **UTILITIES 4.3%**  |  |  |
| **AES Corp.** <br>6.950% due 07/15/2055 •  | 9300 | 9222 |
| **Aethon United BR LP/Aethon United Finance Corp.** <br>7.500% due 10/01/2029 | 6059 | 6351 |
| **American Electric Power Co., Inc.** <br>5.800% due 03/15/2056 •  | 7950 | 7896 |
| **Antero Midstream Partners LP/Antero Midstream Finance Corp.** <br>5.750% due 01/15/2028 | 1775 | 1781 |
| **Calpine Corp.**  |  |  |
| 3.750% due 03/01/2031  | 16000 | 15477 |
| 4.500% due 02/15/2028  | 7750 | 7759 |
| 4.625% due 02/01/2029  | 3685 | 3685 |
| 5.000% due 02/01/2031  | 15000 | 15298 |
| **Clearway Energy Operating LLC** <br>4.750% due 03/15/2028 | 11350 | 11367 |
| **ContourGlobal Power Holdings SA** <br>6.750% due 02/28/2030 | 9900 | 10220 |
| **Edison International** <br>8.125% due 06/15/2053 •  | 4150 | 4321 |
| **Electricite de France SA** <br>9.125% due 03/15/2033 •(e) | 9600 | 11202 |
| **Genesis Energy LP/Genesis Energy Finance Corp.**  |  |  |
| 7.875% due 05/15/2032  | 14442 | 15065 |
| 8.000% due 05/15/2033  | 4350 | 4519 |
| 8.875% due 04/15/2030  | 2000 | 2114 |
| **Hawaiian Electric Co., Inc.** <br>6.000% due 10/01/2033 | 7250 | 7354 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Hilcorp Energy I LP/Hilcorp Finance Co.**  |  |  |
| 5.750% due 02/01/2029  | 2343 | 2323 |
| 6.000% due 04/15/2030  | 2000 | 1951 |
| 6.000% due 02/01/2031  | 1200 | 1145 |
| 6.250% due 11/01/2028  | 2900 | 2927 |
| 6.875% due 05/15/2034  | 9100 | 8540 |
| **Lightning Power LLC** <br>7.250% due 08/15/2032 | 7300 | 7767 |
| **NGL Energy Operating LLC/NGL Energy Finance Corp.**  |  |  |
| 8.125% due 02/15/2029  | 7350 | 7634 |
| 8.375% due 02/15/2032  | 2250 | 2332 |
| **NRG Energy, Inc.**  |  |  |
| 3.375% due 02/15/2029  | 8925 | 8545 |
| 3.625% due 02/15/2031  | 2425 | 2268 |
| 5.750% due 07/15/2029  | 17550 | 17552 |
| 6.250% due 11/01/2034  | 4500 | 4626 |
| **PacifiCorp** <br>7.375% due 09/15/2055 •  | 5170 | 5273 |
| **Pattern Energy Operations LP/Pattern Energy Operations, Inc.** <br>4.500% due 08/15/2028 | 3100 | 3059 |
| **PBF Holding Co. LLC/PBF Finance Corp.**  |  |  |
| 7.875% due 09/15/2030  | 5450 | 5253 |
| 9.875% due 03/15/2030  | 6425 | 6614 |
| **PG&E Corp.** <br>7.375% due 03/15/2055 •  | 5950 | 6200 |
| **Talen Energy Supply LLC**  |  |  |
| 6.250% due 02/01/2034  | 32700 | 33367 |
| 6.500% due 02/01/2036  | 1800 | 1862 |
| **TerraForm Power Operating LLC** <br>5.000% due 01/31/2028 | 7900 | 7897 |
| **TXNM Energy, Inc.** <br>7.000% due 07/31/2056 •  | 10200 | 10172 |
| **Vistra Operations Co. LLC**  |  |  |
| 4.375% due 05/01/2029  | 17725 | 17511 |
| 5.000% due 07/31/2027  | 3985 | 4008 |
| 6.875% due 04/15/2032  | 23850 | 25135 |
| 7.750% due 10/15/2031  | 3350 | 3550 |
| **Vodafone Group PLC** <br>5.125% due 06/04/2081 •  | 800 | 628 |
| **VoltaGrid LLC** <br>7.375% due 11/01/2030 | 8575 | 8500 |
|  |  | 340270 |
| Total Corporate Bonds & Notes (Cost $6,261,253) |  | 6372550 |
| **U.S. TREASURY OBLIGATIONS 2.7%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 0.750% due 04/30/2026 (m) | 178000 | 176382 |
| 3.750% due 10/31/2032 | 925 | 915 |
| 4.250% due 05/15/2035 | 29625 | 29877 |
| 4.250% due 08/15/2035 | 4029 | 4059 |
| Total U.S. Treasury Obligations (Cost $210,139) |  | 211233 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **Luxco Co. Ltd. «(b)(i)** | 126501 | 2231 |
| **Spirit Aviation Holdings, Inc. (b)** | 548816 | 138 |
| Total Common Stocks (Cost $10,397) |  | 2369 |
| **WARRANTS 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **Spirit Aviation Holdings, Inc. - Exp. 03/11/2035 «** | 602610 | 48 |
| Total Warrants (Cost $7,327) |  | 48 |
| **SHORT-TERM INSTRUMENTS 5.2%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (h) | 1038690 | 1039 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (j) 5.0%** |  | 393600 |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 3.678% due 01/08/2026 - 04/21/2026 (c)(d)(m) | $20162 | 19986 |
| Total Short-Term Instruments (Cost $414,623) |  | 414625 |
| Total Investments in Securities (Cost $7,243,530) |  | 7336660 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 6.9%**  |  |  |
| **MUTUAL FUNDS (f) 1.9%**  |  |  |
| **PIMCO Preferred And Capital Securities Active Exchange-Traded Fund**  | 666600 | 34337 |
| **PIMCO Senior Loan Active Exchange-Traded Fund**  | 2303974 | 115844 |
| Total Mutual Funds (Cost $149,817) |  | 150181 |
| **SHORT-TERM INSTRUMENTS 5.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 39989339 | 389536 |
| Total Short-Term Instruments (Cost $389,315) |  | 389536 |
| Total Investments in Affiliates (Cost $539,132) |  | 539717 |
| Total Investments 100.3% (Cost $7,782,662) |  | $7876377 |
| **Financial Derivative Instruments (l)(n) (0.0)**%(Cost or Premiums, net $47,628) |  | (652) |
| Other Assets and Liabilities, net (0.3)% |  | (25182) |
| Net Assets 100.0% |  | $7850543 |

---

------

<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(f)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(g)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(h)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(i)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. |  | 10/01/2025 | 10/01/2025 | 2229 | 2229 | 2232 | 2232 | 0.03% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(j)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.790%  | 01/05/2026 | 50900 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (51914) | 50900 | 50900 | 50900 |
|  | 3.870  | 01/02/2026 | 55500 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (56569) | 55500 | 55500 | 55512 |
| SAL | 3.930  | 01/02/2026 | 287200 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | (293070) | 287200 | 287200 | 287263 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(401553)** | **393600** | **393600** | **393675** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | BOS | 3.490%  | 3.490%  | 12/24/2025 | 03/04/2026 | 03/04/2026 | (4318) | (4318) | (4322) | (4322) |
| BPS | BPS | BPS | 0.250  | 0.250  | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | (1929) | (1929) | (1929) | (1929) |
| BRC | BRC | BRC | 3.000  | 3.000  | 12/12/2025 | 01/30/2026 | 01/30/2026 | (5790) | (5790) | (5800) | (5800) |
|  |  |  | 3.000  | 3.000  | 12/19/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | (9662) | (9662) | (9674) | (9674) |
|  |  |  | 3.450  | 3.450  | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | (8140) | (8140) | (8156) | (8156) |
| MSC | MSC | MSC | 3.000  | 3.000  | 12/12/2025 | 01/30/2026 | 01/30/2026 | (2225) | (2225) | (2229) | (2229) |
|  |  |  | 3.400  | 3.400  | 12/12/2025 | 01/30/2026 | 01/30/2026 | (3461) | (3461) | (3468) | (3468) |
|  |  |  | 3.500  | 3.500  | 12/12/2025 | 01/30/2026 | 01/30/2026 | (4124) | (4124) | (4132) | (4132) |
|  |  |  | 3.550  | 3.550  | 12/12/2025 | 01/30/2026 | 01/30/2026 | (758) | (758) | (759) | (759) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **(40469)** | **(40469)** |
| **(k)** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $48,457 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(7793) at a weighted average interest rate of 3.335%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

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<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1134 | 236767 | 236767 | $(14) | (14) | (14) | 0 | 0 | (80) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 2485 | 271622 | 271622 | (293) | (293) | (293) | 0 | 0 | (291) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1823 | 204974 | 204974 | (397) | (397) | (397) | 0 | 0 | (370) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 326 | 38468 | 38468 | (479) | (479) | (479) | 0 | 0 | (122) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 467 | 53712 | 53712 | (316) | (316) | (316) | 0 | 0 | (88) |
|  |  |  |  |  |  |  |  |  |  |  | (1499) | (1499) | $ | 0 | $ | (951) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 74 | (11094) | (11094) | $153 | 153 | 153 | 20 | 20 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(1346)** | **(1346)** | **$** | **20** | **$** | **(951)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Liability |
| Charter Communications  | Charter Communications  | 12/20/2030 | 12/20/2030 | 2.703 | 2.703 | % | $ | $7250 | 680 | $ | 45 | $ | 725 | 725 | 4 | 0 |
| Telecom Italia spa  | Telecom Italia spa  | 12/20/2029 | 12/20/2029 | 0.862 | 0.862 |  | EUR | 1075 | (17) |  | 24 |  | 7 | 7 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | 663 | $ | 69 | $ | 732 | 732 | 4 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Liability |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | $ | $ | 669575 | 48702 | $ | 3344 | $ | 52046 | 52046 | 0 | (277) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250% | Annual | 06/18/2027 | 06/18/2027 | 06/18/2027 | $ | 261300 | $(1896) | (1896) | 94 | 94 | (1802) | (1802) | 0 | $(101) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 12/18/2029 | 12/18/2029 |  | 160375 | (3575) | (3575) | 1458 | 1458 | (2117) | (2117) | 209 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 05/31/2030 | 05/31/2030 |  | 32457 | (12) | (12) | 150 | 150 | 138 | 138 | 46 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 05/31/2030 | 05/31/2030 |  | 43229 | 43 | 43 | 0 | 0 | 43 | 43 | 62 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 12/18/2031 | 12/18/2031 |  | 38875 | (1419) | (1419) | 951 | 951 | (468) | (468) | 68 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 03/19/2032 | 03/19/2032 |  | 42250 | 2004 | 2004 | (956) | (956) | 1048 | 1048 | 76 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 | 05/15/2032 |  | 48483 | (193) | (193) | (291) | (291) | (484) | (484) | 87 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2033 | 12/18/2033 | 12/18/2033 |  | 22000 | 5 | 5 | (137) | (137) | (132) | (132) | 44 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 | 06/18/2055 | 06/18/2055 |  | 30350 | 3306 | 3306 | 1599 | 1599 | 4905 | 4905 | 94 | 0 |
|  |  |  |  |  |  |  |  |  | (1737) | $ | 2868 | $ | 1131 | 1131 | 686 | (101) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **47628** | **$** | **6281** | **$** | **53909** | **53909** | **690** | **(378)** |

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<br> Schedule of Investments PIMCO High Yield Fund (Cont.) December 31, 2025 (Unaudited)

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

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(m)** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $75,666 and cash of $9,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 5064 | 5064 | $5901 | 5901 | 5901 | $0 | 0 | $(53) |
|  |  | $2170 | 2170 | 1641 | 1641 | 1641 | 41 | 41 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 676 | 676 | 951 | 951 | 951 | 18 | 18 | 0 |
|  |  | 2363 | 2363 | 2036 | 2036 | 2036 | 31 | 31 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 3918 | 3918 | $4536 | 4536 | 4536 | 0 | 0 | (70) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **90** | **$** | **(123)** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $329341 | 329341 | 6494 | $335835 | 335835 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 1030848 | 1030848 | 1179 | 1032027 | 1032027 |
| Industrials | Industrials | Industrials | 0 | 0 | 5000253 | 5000253 | 0 | 5000253 | 5000253 |
| Utilities | Utilities | Utilities | 0 | 0 | 340270 | 340270 | 0 | 340270 | 340270 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 211233 | 211233 | 0 | 211233 | 211233 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Industrials | Industrials | Industrials | 137 | 137 | 0 | 0 | 2232 | 2369 | 2369 |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 48 | 48 | 48 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 1039 | 1039 | 0 | 1039 | 1039 |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 393600 | 393600 | 0 | 393600 | 393600 |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 19986 | 19986 | 0 | 19986 | 19986 |
|  |  |  | $137 | 137 | $7326570 | 7326570 | 9953 | $7336660 | 7336660 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Mutual Funds | Mutual Funds | Mutual Funds | 150181 | 150181 | 0 | 0 | 0 | 150181 | 150181 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | 389536 | 389536 | 0 | 0 | 0 | 389536 | 389536 |
|  |  |  | $539717 | 539717 | $0 | 0 | 0 | $539717 | 539717 |
| Total Investments | Total Investments | Total Investments | $539854 | 539854 | $7326570 | 7326570 | 9953 | $7876377 | 7876377 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 20 | 20 | 690 | 690 | 0 | 710 | 710 |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 90 | 90 | 0 | 90 | 90 |
|  |  |  | $20 | 20 | $780 | 780 | 0 | $800 | 800 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | (1329) | (1329) | 0 | (1329) | (1329) |
| Over the counter | Over the counter | Over the counter | 0 | 0 | (123) | (123) | 0 | (123) | (123) |
|  |  |  | $0 | 0 | $(1452) | (1452) | 0 | $(1452) | (1452) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $20 | 20 | $(672) | (672) | 0 | $(652) | (652) |
| Totals | Totals | Totals | $539874 | 539874 | $7325898 | 7325898 | 9953 | $7875725 | 7875725 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 95.8% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 7.7%**  |  |  |
| **Alleys End**<br>TBD% - 10.850% due 11/27/2027 «~µ | $31000 | $31008 |
| **AM Bidco Operations LLC**<br>TBD% - 11.862% (TSFR3M + 0.000%) due 10/21/2027 «~µ(h) | 25907 | 21393 |
| **Bluehouse Commons Apartments**<br>4.120% - 9.695% due 12/01/2042 «~(h) | 13008 | 11499 |
| **Bonnie Brae**  |  |  |
| 7.095% due 06/01/2059 «~ | 12600 | 12694 |
| 7.095% due 06/02/2059 «~ | 43300 | 43915 |
| **Bowen Homes**<br>TBD% - 10.850% due 03/12/2028 «~µ | 27000 | 27041 |
| **City of Salinas**<br>4.020% - 9.695% due 09/01/2033 «~(h) | 6468 | 6085 |
| **Cloverdale Alexander**<br>TBD% - 10.843% due 02/18/2027 «~µ | 20780 | 20785 |
| **Fort Whipple Veterans Housing LLC**<br>TBD% - 10.843% due 07/28/2027 «~µ | 20000 | 20004 |
| **Groves Seniors Apartments 2**  |  |  |
| 4.000% - 9.695% due 07/01/2038 «~(h) | 1260 | 1202 |
| 4.170% - 9.672% due 06/01/2041 «~(h) | 7941 | 7175 |
| **Howick LLLP**<br>7.500% due 11/11/2026 «~ | 30000 | 30005 |
| **Mammoth Lakes Kingfisher**<br>TBD% - 10.843% due 12/01/2026 «~µ | 24000 | 24007 |
| **Mangini Place Apartments**<br>3.910% - 9.716% due 11/01/2042 «~(h) | 19029 | 16611 |
| **NCJC Downtown Campus LP**<br>TBD% - 10.843% due 03/01/2028 «~µ | 21000 | 21108 |
| **Northlake Senior Apartments**<br>3.990% - 9.716% due 10/01/2041 «~(h) | 20254 | 17904 |
| **Pine Grove Powers Avenue**<br>5.000% - 9.488% due 10/01/2042 «~(h) | 17771 | 17283 |
| **Ruby Vista**<br>7.250% due 07/25/2026 «~ | 7514 | 7515 |
| **Sagebrush Buyer LLC**<br>TBD% - 10.843% due 05/13/2026 «~µ | 32000 | 32000 |
| **Solace Grove First Baptist**<br>7.000% - 7.335% due 12/19/2026 «~ | 17330 | 17333 |
| **Successor Agency Redevelopment of West Sacramento**<br>4.310% - 9.672% due 09/01/2035 «~ | 8564 | 8188 |
| **TWG Victory Hills LP**<br>TBD% - 10.843% due 03/01/2027 «~µ | 32500 | 32509 |
| **Valencia Garden**<br>4.020% - 9.695% due 11/01/2041 «~(h) | 11963 | 10605 |
| **VG Camilla HP LP**<br>6.750% - 7.566% due 07/09/2026 «~ | 17000 | 17003 |
| Total Loan Participations and Assignments (Cost $452,049) |  | 454872 |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **BANKING & FINANCE 0.3%**  |  |  |
| **Benloch Ranch Improvement Association No. 2** <br>10.000% due 12/01/2051 « | 17746 | 13188 |
| **VM Fund I LLC** <br>8.625% due 02/28/2031 « | 3750 | 3828 |
|  |  | 17016 |
| **INDUSTRIALS 0.4%**  |  |  |
| **Ochsner LSU Health System of North Louisiana** <br>2.510% due 05/15/2031 | 11668 | 10013 |
| **Toll Road Investors Partnership II LP** <br>0.000% due 02/15/2043 (e) | 21987 | 7779 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wild Rivers Water Park** <br>8.500% due 11/01/2051 | 7500 | 5835 |
|  |  | 23627 |
| Total Corporate Bonds & Notes (Cost $45,753) |  | 40643 |
| **MUNICIPAL BONDS & NOTES 83.7%**  |  |  |
| **ALABAMA 3.8%**  |  |  |
| **Alabama Special Care Facilities Financing Authority-Birmingham, Alabama Revenue Bonds, Series 2016** <br>5.750% due 06/01/2045 | 800 | 763 |
| **Baldwin County, Alabama Industrial Development Authority Revenue Bonds, Series 2025**  |  |  |
| 4.625% due 06/01/2055  | 6000 | 6030 |
| 5.000% due 06/01/2055  | 21000 | 21422 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 06/01/2051 | 5785 | 5921 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | 13600 | 14953 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 03/01/2055 | 22300 | 23858 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 20150 | 21564 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.750% due 04/01/2054 | 3600 | 3989 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.250% due 07/01/2054 | 14000 | 15242 |
| **Hoover Industrial Development Board, Alabama Revenue Bonds, Series 2019** <br>5.750% due 10/01/2049 | 1500 | 1512 |
| **Mobile County, Alabama Industrial Development Authority Revenue Bonds, Series 2024** <br>5.000% due 06/01/2054 | 21860 | 20901 |
| **Montgomery Medical Clinic Board, Alabama Revenue Bonds, Series 2016**  |  |  |
| 5.000% due 03/01/2027 ^(c)  | 4030 | 403 |
| 5.000% due 03/01/2029 ^(c)  | 4570 | 457 |
| **Southeast Alabama Gas Supply District Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 12500 | 13420 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 6015 | 6079 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2022** <br>5.000% due 05/01/2053 | 3500 | 3624 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 11/01/2035 | 26700 | 28371 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/01/2056  | 20500 | 21375 |
| 5.250% due 11/01/2055  | 5000 | 5502 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Notes, Series 2025** <br>5.000% due 11/01/2035 | 10200 | 10951 |
|  |  | 226337 |
| **ALASKA 0.4%**  |  |  |
| **Municipality of Anchorage, Alaska Solid Waste Services Revenue Bonds, Series 2022** <br>5.250% due 11/01/2062 | 8795 | 9024 |
| **Northern Tobacco Securitization Corp., Alaska Revenue Bonds, Series 2021** <br>0.000% due 06/01/2066 (e) | 110400 | 12468 |
|  |  | 21492 |
| **ARIZONA 0.6%**  |  |  |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2020** <br>7.750% due 07/01/2050 ^(c) | 4030 | 95 |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2021** <br>4.000% due 12/15/2051 | 700 | 544 |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/01/2059 (f)  | 7130 | 3752 |
| 5.125% due 01/01/2059  | 19174 | 17001 |
| 6.750% due 12/01/2055  | 3750 | 3840 |
| **Estrella Mountain Ranch Community Facilities District, Arizona Special Assessment Bonds, Series 2025**  |  |  |
| 5.050% due 07/01/2040  | 415 | 416 |
| 5.800% due 07/01/2049  | 900 | 895 |
| **Industrial Development Authority of the City of Phoenix, Arizona Revenue Bonds, Series 2016** <br>5.000% due 07/01/2046 | 2000 | 1913 |
| **Industrial Development Authority of the County, Arizona of Pima Revenue Bonds, Series 2020** <br>5.000% due 07/01/2049 ^(c) | 3500 | 2800 |
| **Phoenix Civic Improvement Corp. Arizona Revenue Bonds, Series 2023** <br>5.000% due 07/01/2042 | 6000 | 6500 |
|  |  | 37756 |
| **ARKANSAS 0.9%**  |  |  |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2019** <br>4.500% due 09/01/2049 | 30310 | 29470 |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2020** <br>4.750% due 09/01/2049 | 2800 | 2743 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Arkansas Development Finance Authority Revenue Bonds, Series 2023** <br>7.375% due 07/01/2048 | 17500 | 18970 |
|  |  | 51183 |
| **CALIFORNIA 5.3%**  |  |  |
| **Alameda Corridor Transportation Authority, California Revenue Bonds, Series 2022** <br>5.350% due 10/01/2048 (f) | 3000 | 1697 |
| **Antelope Valley Healthcare District, California Revenue Notes, Series 2016** <br>5.000% due 03/01/2026 | 340 | 340 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | 4740 | 5175 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2055 | 14700 | 15253 |
| **California Community Housing Agency Revenue Bonds, Series 2021** <br>4.000% due 02/01/2056 | 22300 | 10988 |
| **California Community Housing Agency Revenue Bonds, Series 2022** <br>4.500% due 08/01/2052 | 2900 | 2258 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2002** <br>6.000% due 06/01/2035 | 250 | 250 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2055 (e)  | 10445 | 1988 |
| 5.000% due 06/01/2049  | 130 | 130 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2024** <br>5.250% due 12/01/2041 | 2750 | 2983 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2025** <br>5.250% due 10/01/2050 | 3935 | 4481 |
| **California Housing Finance Agency Revenue Bonds, (HUD Insured), Series 2024** <br>5.970% due 11/01/2053 | 15500 | 15618 |
| **California Housing Finance Revenue Bonds, Series 2024**  |  |  |
| 5.700% due 06/01/2054  | 26000 | 25954 |
| 6.000% due 03/01/2053  | 33650 | 34207 |
| 7.000% due 03/01/2053  | 9100 | 9125 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 01/01/2035 (e)  | 1255 | 765 |
| 4.125% due 01/01/2035  | 430 | 416 |
| 5.000% due 01/01/2055  | 960 | 829 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 01/01/2061 (e)  | 42665 | 3831 |
| 4.000% due 05/01/2051  | 5000 | 4553 |
| 5.000% due 01/01/2056  | 2200 | 1891 |
| **California Municipal Finance Authority Revenue Bonds, Series 2016** <br>5.000% due 11/01/2046 | 1000 | 959 |
| **California Municipal Finance Authority Revenue Bonds, Series 2018** <br>5.000% due 12/31/2043 | 4500 | 4522 |
| **California Municipal Finance Authority Revenue Bonds, Series 2020** <br>5.000% due 07/01/2052 | 1070 | 964 |
| **California Municipal Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 5.000% due 12/01/2036  | 175 | 182 |
| 5.000% due 12/01/2054  | 1000 | 939 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024** <br>6.000% due 01/01/2039 | 15500 | 16175 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 5.375% due 01/01/2055  | 4000 | 3935 |
| 5.500% due 01/01/2060  | 2850 | 2834 |
| **California Municipal Finance Authority Revenue Notes, Series 2021**  |  |  |
| 3.637% due 07/01/2030  | 3405 | 3112 |
| 5.000% due 12/01/2030  | 105 | 112 |
| **California Municipal Finance Authority Revenue Notes, Series 2025**  |  |  |
| 5.000% due 01/01/2032  | 1320 | 1388 |
| 5.000% due 01/01/2033  | 1385 | 1459 |
| 5.000% due 01/01/2034  | 1455 | 1530 |
| 5.000% due 01/01/2035  | 750 | 787 |
| **California Pollution Control Financing Authority Revenue Bonds, Series 2019** <br>7.500% due 12/01/2039 ^(c) | 5883 | 0 |
| **California School Finance Authority Revenue Bonds, Series 2016**  |  |  |
| 4.500% due 06/01/2031 ^(c)  | 750 | 450 |
| 5.000% due 06/01/2046  | 1265 | 1184 |
| 5.000% due 06/01/2046 ^(c)  | 1325 | 795 |
| 5.000% due 06/01/2051 ^(c)  | 1000 | 600 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2016** <br>5.000% due 06/01/2046 | 1900 | 1828 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2019** <br>4.250% due 11/01/2059 | 7510 | 6649 |
| **California Statewide Financing Authority Revenue Bonds, Series 2002** <br>6.000% due 05/01/2037 | 2845 | 2905 |
| **CMFA Special Finance Agency, California Revenue Bonds, Series 2021** <br>4.000% due 08/01/2045 | 6185 | 5465 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2021**  |  |  |
| 3.400% due 10/01/2046  | 1985 | 1569 |
| 4.000% due 02/01/2057  | 1000 | 744 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2022**  |  |  |
| 4.750% due 09/01/2062 (f)  | 23500 | 15466 |
| 5.000% due 09/01/2037  | 3100 | 3161 |
| **Firebaugh, California Revenue Bonds, Series 2019** <br>4.000% due 08/01/2039 | 1210 | 1077 |

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<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 06/01/2066 (e)  | 237215 | 23255 |
| 3.714% due 06/01/2041  | 12550 | 9769 |
| 3.850% due 06/01/2050  | 3535 | 3233 |
| 4.214% due 06/01/2050  | 3700 | 2709 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022** <br>5.000% due 06/01/2051 | 5100 | 5038 |
| **Grossmont Union High School District, California General Obligation Bonds, Series 2021** <br>0.000% due 08/01/2044 (e) | 4295 | 1792 |
| **Hastings Campus Housing Finance Authority, California Revenue Bonds, Series 2020**  |  |  |
| 5.000% due 07/01/2045  | 6000 | 5744 |
| 5.000% due 07/01/2061  | 5010 | 4516 |
| **M-S-R Energy Authority, California Revenue Bonds, Series 2009** <br>6.500% due 11/01/2039 | 1500 | 1847 |
| **Rio Hondo Community College District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2047 (e) | 4500 | 1583 |
| **River Islands Public Financing Authority, California Special Tax Bonds, Series 2025** <br>5.000% due 09/01/2050 | 5000 | 5005 |
| **Sacramento County, California Special Tax Bonds, Series 2022** <br>5.000% due 09/01/2047 | 5900 | 5956 |
| **Sacramento, California Special Tax Bonds, Series 2021** <br>4.000% due 09/01/2050 | 1000 | 882 |
| **Silicon Valley Tobacco Securitization Authority, California Revenue Bonds, Series 2007** <br>0.000% due 06/01/2036 (e) | 5000 | 2806 |
| **Tobacco Securitization Authority of Northern California Revenue Bonds, Series 2021** <br>0.000% due 06/01/2060 (e) | 72245 | 11339 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019** <br>0.000% due 06/01/2054 (e) | 16635 | 3440 |
|  |  | 312437 |
| **COLORADO 3.5%**  |  |  |
| **Aerotropolis Regional Transportation Authority, Colorado Revenue Bonds, Series 2024**  |  |  |
| 5.500% due 12/01/2044  | 8500 | 8623 |
| 5.750% due 12/01/2054  | 18750 | 18764 |
| **Aurora Highlands Community Authority Board, Colorado Revenue Bonds, Series 2021** <br>5.750% due 12/01/2051 | 6000 | 5778 |
| **Baseline Metropolitan District No 1, Colorado General Obligation Bonds, Series 2024** <br>6.750% due 12/15/2054 | 1500 | 1508 |
| **Board of Governors of Colorado State University System Certificates of Participation Bonds, Series 2024**  |  |  |
| 5.000% due 11/01/2043  | 1300 | 1396 |
| 5.000% due 11/01/2044  | 1300 | 1383 |
| **Canyons Metropolitan District No 5, Colorado General Obligation Bonds, Series 2024** <br>6.500% due 12/15/2054 | 2000 | 1998 |
| **Centerra Metropolitan District No 1, Colorado Tax Allocation Bonds, Series 2018** <br>5.250% due 12/01/2048 | 4050 | 4055 |
| **Colorado Crossing Metropolitan District No 2, General Obligation Bonds, Series 2020** <br>5.000% due 12/01/2047 | 6300 | 6074 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 11/15/2043  | 8935 | 8441 |
| 4.000% due 08/01/2049  | 5960 | 5160 |
| 5.000% due 08/01/2044  | 7000 | 7105 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2025**  |  |  |
| 5.125% due 12/01/2050  | 5000 | 4986 |
| 5.250% due 05/15/2048  | 1500 | 1516 |
| **Colorado Housing and Finance Authority Revenue Notes, Series 2024** <br>6.000% due 06/01/2028 | 12300 | 12411 |
| **Colorado International Center Metropolitan District No 7, General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 (f) | 4955 | 4109 |
| **Colorado School of Mines Revenue Bonds, Series 2024** <br>5.000% due 12/01/2054 | 3500 | 3632 |
| **Colorado State Building Excellent School Certificates of Participation Bonds, Series 2021** <br>4.000% due 03/15/2046 | 10515 | 10002 |
| **Colorado State Certificates of Participation Bonds, Series 2024** <br>5.000% due 11/01/2049 | 3865 | 4027 |
| **Crowfoot Valley Ranch Metropolitan District No 2, Colorado General Obligation Bonds, Series 2024** <br>6.125% due 12/15/2054 | 2000 | 1947 |
| **Dominion Water & Sanitation District, Colorado Revenue Bonds, Series 2022** <br>5.875% due 12/01/2052 | 41364 | 42291 |
| **Elbert County, Colorado Independence Water & Sanitation District Revenue Notes, Series 2024** <br>5.125% due 12/01/2033 | 2354 | 2440 |
| **Harvest Crossing Metropolitan District No 4, Colorado General Obligation Bonds, Series 2022** <br>7.250% due 12/01/2052 | 2913 | 2918 |
| **Longs Peak Metropolitan District, Colorado General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 | 3000 | 2936 |
| **Public Authority for Colorado Energy Revenue Bonds, Series 2008** <br>6.250% due 11/15/2028 | 1440 | 1521 |
| **Rampart Range Metropolitan District No 5, Colorado Revenue Bonds, Series 2021** <br>4.000% due 12/01/2036 | 1000 | 953 |
| **Senac South Metropolitan District No 1, Colorado General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 | 4650 | 4445 |
| **Sterling Ranch Community Authority Board, Colorado Revenue Bonds, Series 2024**  |  |  |
| 5.750% due 12/01/2054  | 1750 | 1760 |
| 6.125% due 12/01/2039  | 550 | 573 |
| 6.500% due 12/01/2054  | 1250 | 1296 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Sterling Ranch Community Authority Board, Colorado Special Assessment Bonds, Series 2024** <br>5.625% due 12/01/2043 | 2427 | 2487 |
| **Transport Metropolitan District No 3, Colorado General Obligation Bonds, Series 2021** <br>5.000% due 12/01/2051 | 2000 | 1565 |
| **Vail Home Partners Corp. Colorado Revenue Bonds, Series 2025** <br>6.000% due 10/01/2064 | 6250 | 6380 |
| **Velocity Metropolitan District No 5, Colorado General Obligation Bonds, Series 2020** <br>6.000% due 12/01/2050 (f) | 11100 | 9589 |
| **Village Metropolitan District, Colorado General Obligation Bonds, Series 2020** <br>5.000% due 12/01/2049 | 1200 | 1147 |
| **Willow Bend Metropolitan District, Colorado General Obligation Bonds, Series 2019**  |  |  |
| 5.000% due 12/01/2039  | 4751 | 4770 |
| 5.000% due 12/01/2049  | 6375 | 6075 |
|  |  | 206061 |
| **DELAWARE 0.6%**  |  |  |
| **Affordable Housing Opportunities Trust, Delaware Revenue Bonds, Series 2022**  |  |  |
| 3.461% due 10/01/2038  | 34425 | 31103 |
| 7.120% due 10/01/2038  | 6075 | 5914 |
|  |  | 37017 |
| **DISTRICT OF COLUMBIA 0.5%**  |  |  |
| **District of Columbia General Obligation Bonds, Series 2021** <br>4.000% due 02/01/2046 | 4660 | 4409 |
| **District of Columbia Revenue Bonds, Series 2017** <br>5.000% due 07/01/2052 | 1000 | 924 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2021** <br>4.000% due 10/01/2051 | 5000 | 4435 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2024** <br>5.250% due 10/01/2049 | 10000 | 10397 |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2025** <br>5.250% due 07/15/2055 | 9870 | 10394 |
|  |  | 30559 |
| **FLORIDA 6.1%**  |  |  |
| **Alachua County, Florida Housing Finance Authority Revenue Bonds, Series 2025** <br>6.300% due 07/01/2055 | 3250 | 3408 |
| **Angeline Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.750% due 05/01/2056 | 1340 | 1348 |
| **Antillia Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.875% due 05/01/2054 | 875 | 889 |
| **Ave Maria Stewardship Community District, Florida Special Assessment Bonds, Series 2025** <br>5.600% due 05/01/2056 | 1655 | 1648 |
| **Avenir Community Development District, Florida Special Assessment Bonds, Series 2021** <br>3.200% due 05/01/2041 | 4510 | 3828 |
| **Avenir Community Development District, Florida Special Assessment Bonds, Series 2023**  |  |  |
| 5.375% due 05/01/2043  | 6250 | 6301 |
| 5.625% due 05/01/2054  | 8675 | 8687 |
| **Avenir Community Development District, Florida Special Assessment Notes, Series 2023** <br>4.500% due 05/01/2030 | 1845 | 1870 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2044  | 1370 | 1375 |
| 5.250% due 05/01/2055  | 2000 | 1991 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Notes, Series 2022** <br>4.250% due 05/01/2032 | 1500 | 1519 |
| **Bella Collina Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.300% due 05/01/2055 | 915 | 910 |
| **Berry Bay II Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.450% due 05/01/2054 | 1000 | 980 |
| **Capital Trust Agency Inc, Florida Revenue Bonds, Series 2021** <br>5.000% due 01/01/2056 | 5200 | 4381 |
| **Capital Trust Agency, Inc., Florida Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 07/01/2033 ^(c)  | 1500 | 315 |
| 5.000% due 07/01/2043 ^(c)  | 950 | 31 |
| 5.250% due 07/01/2048 ^(c)  | 900 | 29 |
| 7.500% due 07/01/2053 ^(c)  | 1000 | 32 |
| **Capital Trust Agency, Inc., Florida Revenue Bonds, Series 2020** <br>0.000% due 01/01/2060 (e) | 22070 | 2054 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2023** <br>6.250% due 06/15/2053 | 4250 | 4320 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 07/01/2045  | 1250 | 1205 |
| 5.250% due 07/01/2055  | 500 | 479 |
| 5.375% due 07/01/2065  | 4250 | 4068 |
| **Center Lake Ranch West Community Development District, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.300% due 05/01/2045  | 600 | 604 |
| 5.600% due 05/01/2055  | 750 | 752 |
| **Charlotte County Industrial Development Authority, Florida Revenue Bonds, Series 2021** <br>4.000% due 10/01/2051 | 5000 | 4091 |
| **Charlotte County Industrial Development Authority, Florida Revenue Bonds, Series 2025**  |  |  |
| 5.875% due 10/01/2045  | 1750 | 1821 |
| 6.125% due 10/01/2055  | 6550 | 6799 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Connerton East Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.500% due 06/15/2055 | 1000 | 988 |
| **Crosswinds East Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.750% due 05/01/2054 | 1250 | 1267 |
| **Edgewater West Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.250% due 05/01/2044  | 500 | 496 |
| 5.500% due 05/01/2054  | 2500 | 2430 |
| **Firethorn Community Development District, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.300% due 05/01/2045  | 865 | 866 |
| 5.600% due 05/01/2055  | 1125 | 1120 |
| **Florida Atlantic University Finance Corp. Revenue Bonds, Series 2024** <br>5.000% due 07/01/2054 | 4500 | 4650 |
| **Florida Department of Transportation Turnpike System State Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 07/01/2051  | 4000 | 3744 |
| 4.000% due 07/01/2054  | 12500 | 11603 |
| **Florida Development Finance Corp. Revenue Bonds, (AGM Insured), Series 2024**  |  |  |
| 5.000% due 07/01/2044  | 9800 | 9630 |
| 5.250% due 07/01/2047  | 8500 | 8369 |
| 5.250% due 07/01/2053  | 33600 | 33087 |
| **Florida Development Finance Corp. Revenue Bonds, Series 2017** <br>6.125% due 06/15/2047 | 5300 | 5216 |
| **Florida Development Finance Corp. Revenue Bonds, Series 2024** <br>5.250% due 08/01/2049 | 5250 | 5400 |
| **Florida Higher Educational Facilities Financing Authority Revenue Bonds, Series 2025** <br>6.250% due 07/01/2055 | 19300 | 19211 |
| **Florida Local Government Finance Commission Revenue Bonds, Series 2025**  |  |  |
| 6.750% due 11/15/2055  | 2165 | 2256 |
| 6.875% due 11/15/2064  | 6335 | 6610 |
| **Gas Worx Community Development District, Florida Special Assessment Bonds, Series 2025** <br>6.000% due 05/01/2057 | 2400 | 2458 |
| **GIR East Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.500% due 05/01/2055 | 1750 | 1715 |
| **Golden Gem Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.700% due 05/01/2044  | 1995 | 2028 |
| 6.000% due 05/01/2055  | 4000 | 4057 |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2017** <br>5.000% due 10/01/2052 | 3625 | 3629 |
| **Hamilton Bluff Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.500% due 05/01/2044 | 1000 | 1016 |
| **Hammock Oaks Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.850% due 05/01/2044  | 795 | 812 |
| 6.150% due 05/01/2054  | 910 | 926 |
| **Hammock Oaks Community Development District, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.550% due 05/01/2045  | 1000 | 1017 |
| 5.750% due 05/01/2055  | 1000 | 1010 |
| **Hernando County, Florida Revenue Bonds, Series 2022** <br>5.250% due 06/01/2052 | 3600 | 3739 |
| **Hickory Tree Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.150% due 05/01/2044  | 1000 | 1002 |
| 5.450% due 05/01/2055  | 750 | 737 |
| **Highlands County, Florida Health Facilities Authority Revenue Bonds, Series 2018** <br>6.000% due 04/01/2038 ^(c) | 397 | 5 |
| **Hobe-St Lucie Conservancy District, Florida Special Assessment Bonds, Series 2024** <br>5.875% due 05/01/2055 | 2500 | 2553 |
| **Hyde Park Community Development District No 1, Florida Special Assessment Notes, Series 2024** <br>5.250% due 05/01/2034 | 1650 | 1701 |
| **Ibis Landing Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.875% due 06/15/2055 | 800 | 824 |
| **Lakes of Sarasota Community Development District 2, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.500% due 05/01/2045  | 400 | 404 |
| 5.700% due 05/01/2055  | 765 | 766 |
| **Lakes of Sarasota Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.600% due 05/01/2055 | 685 | 680 |
| **Lakes of Sarasota Community Development District, Florida Special Assessment Notes, Series 2024** <br>5.250% due 05/01/2034 | 2325 | 2395 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2024** <br>5.500% due 05/01/2055 | 760 | 763 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.900% due 05/01/2055  | 1000 | 1028 |
| 6.000% due 05/01/2056  | 7230 | 7471 |
| **Lee County, Florida Airport Revenue Bonds, Series 2024** <br>5.250% due 10/01/2044 | 4500 | 4749 |
| **LTC Ranch West Residential Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.375% due 05/01/2044  | 505 | 504 |
| 5.650% due 05/01/2054  | 1195 | 1182 |
| 5.750% due 05/01/2044  | 985 | 1005 |
| 6.050% due 05/01/2054  | 1180 | 1196 |
| **LTC Ranch West Residential Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.875% due 05/01/2031 | 375 | 382 |
| **Magnolia Island Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.750% due 05/01/2055 | 1000 | 1003 |
| **Martin County, Florida Health Facilities Authority Revenue Bonds, Series 2019** <br>4.000% due 01/01/2046 | 13000 | 11998 |
| **Miami-Dade County, Florida Aviation Revenue Bonds, Series 2019** <br>5.000% due 10/01/2049 | 4275 | 4299 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Miami-Dade County, Florida Aviation Revenue Notes, Series 2024** <br>5.000% due 10/01/2034 | 7350 | 8247 |
| **Miami-Dade County, Florida Housing Finance Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.880% due 03/01/2046 | 3100 | 3096 |
| **Miami-Dade County, Florida Transit System Revenue Bonds, Series 2022** <br>5.000% due 07/01/2051 | 7000 | 7149 |
| **Miami-Dade County, Florida Water & Sewer System Revenue Bonds, Series 2019** <br>4.000% due 10/01/2049 | 6785 | 6217 |
| **Miami-Dade County, Florida Water & Sewer System Revenue Bonds, Series 2024** <br>4.125% due 10/01/2050 | 2075 | 1935 |
| **Miami-Dade Seaport Department, Florida Revenue Bonds, Series 2021** <br>4.000% due 10/01/2050 | 10000 | 8987 |
| **Midtown Miami Community Development District, Florida Special Assessment Bonds, Series 2014** <br>5.000% due 05/01/2029 | 1490 | 1491 |
| **New Port Corners Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.500% due 06/15/2055 | 1000 | 995 |
| **Newfield Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.900% due 05/01/2056 | 2920 | 2986 |
| **Newport Isles Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.200% due 05/01/2054 | 2535 | 2462 |
| **Normandy Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.300% due 05/01/2044  | 1485 | 1465 |
| 5.550% due 05/01/2054  | 1735 | 1670 |
| **North AR-1 Pasco Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.750% due 05/01/2044  | 775 | 797 |
| 6.000% due 05/01/2054  | 1245 | 1273 |
| **Orange County Health Facilities Authority, Florida Revenue Bonds, Series 2023** <br>5.000% due 10/01/2053 | 4915 | 5018 |
| **Orange County Health Facilities Authority, Florida Revenue Bonds, Series 2024** <br>5.000% due 08/01/2054 | 2110 | 2081 |
| **Orange County, Florida Health Facilities Authority Revenue Bonds, Series 2024** <br>5.000% due 08/01/2047 | 1240 | 1243 |
| **Osceola County, Florida Transportation Revenue Bonds, Series 2020** <br>0.000% due 10/01/2031 (e) | 1330 | 1065 |
| **Parrish Lakes Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.500% due 05/01/2044  | 645 | 654 |
| 5.800% due 05/01/2054  | 1715 | 1727 |
| **Pasadena Ridge Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.050% due 05/01/2044  | 1000 | 996 |
| 5.375% due 05/01/2055  | 1275 | 1252 |
| **Pasadena Ridge Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.700% due 05/01/2055 | 2465 | 2447 |
| **Pioneer Ranch Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.300% due 05/01/2055 | 965 | 945 |
| **Polk County, Florida Industrial Development Authority Revenue Bonds, Series 2020** <br>5.875% due 01/01/2033 ^(c) | 9040 | 2441 |
| **Pompano Beach, Florida Revenue Bonds, Series 2020** <br>4.000% due 09/01/2050 | 8750 | 7231 |
| **Reflection Bay Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.875% due 05/01/2055 | 1200 | 1222 |
| **Rivers Edge III Community Development District, Florida Special Assessment Bonds, Series 2025** <br>6.000% due 05/01/2056 | 1000 | 1030 |
| **Rookery Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.350% due 05/01/2055 | 1500 | 1457 |
| **St Johns County, Florida Industrial Development Authority Revenue Bonds, Series 2020** <br>4.000% due 08/01/2055 | 6500 | 5412 |
| **Sunrise Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.875% due 05/01/2055 | 3100 | 3042 |
| **Tampa, Florida Revenue Bonds, Series 2016** <br>4.000% due 11/15/2046 | 4710 | 4191 |
| **Tampa, Florida Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 09/01/2042 (e)  | 1000 | 451 |
| 0.000% due 09/01/2045 (e)  | 1000 | 370 |
| **Tampa-Hillsborough County, Florida Expressway Authority Revenue Bonds, Series 2017** <br>4.000% due 07/01/2042 | 4800 | 4807 |
| **Tradition Community Development District No 9, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.400% due 05/01/2045  | 710 | 716 |
| 5.650% due 05/01/2056  | 880 | 884 |
| **Two Rivers West Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.875% due 05/01/2054 | 1000 | 1023 |
| **V-Dana Community Development District, Florida Special Assessment Bonds, Series 2025**  |  |  |
| 5.375% due 05/01/2045  | 900 | 908 |
| 5.550% due 05/01/2055  | 1250 | 1253 |
| **Village Community Development District No. 15, Florida Special Assessment Bonds, Series 2024** <br>4.550% due 05/01/2044 | 995 | 962 |
| **Westside Haines City Community Development District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.750% due 05/01/2044  | 1190 | 1225 |
| 6.000% due 05/01/2054  | 1590 | 1629 |
| **Westview South Community Development District, Florida Special Assessment Bonds, Series 2025** <br>6.200% due 05/01/2055 | 3000 | 3114 |
|  |  | 361298 |
| **GEORGIA 2.2%**  |  |  |
| **Atlanta Development Authority, Georgia Revenue Bonds, Series 2017** <br>7.000% due 01/01/2040 ^(c) | 1600 | 912 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Atlanta Development Authority, Georgia Revenue Bonds, Series 2024** <br>6.500% due 12/15/2048 (f) | 16100 | 14468 |
| **Atlanta Development Authority, Georgia Tax Allocation Notes, Series 2024** <br>5.000% due 04/01/2034 | 1950 | 1991 |
| **Augusta Development Authority, Georgia Revenue Bonds, Series 2023** <br>5.125% due 04/01/2053 | 6500 | 6664 |
| **Burke County, Georgia Development Authority Revenue Bonds, Series 2017** <br>4.125% due 11/01/2045 | 6000 | 5649 |
| **Columbia County Hospital Authority, Georgia Revenue Bonds, Series 2023** <br>5.750% due 04/01/2053 | 7500 | 8045 |
| **Gainesville & Hall County, Georgia Development Authority Revenue Bonds, Series 2017** <br>5.000% due 03/01/2047 ^(c) | 1500 | 675 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2024** <br>5.000% due 05/01/2055 | 2900 | 3095 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 28900 | 30796 |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BAM Insured), Series 2019** <br>5.000% due 01/01/2049 | 3790 | 3801 |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BAM Insured), Series 2024**  |  |  |
| 5.250% due 01/01/2041  | 1150 | 1266 |
| 5.250% due 01/01/2044  | 1100 | 1177 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 01/01/2049  | 14240 | 14246 |
| 5.000% due 01/01/2056  | 10000 | 9928 |
| 5.000% due 01/01/2059  | 7600 | 7531 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 01/01/2051  | 1000 | 887 |
| 5.000% due 01/01/2056  | 1100 | 1092 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2022** <br>4.500% due 07/01/2063 | 5000 | 4827 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2023** <br>5.250% due 07/01/2064 | 7000 | 7237 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 01/01/2042  | 1200 | 1269 |
| 5.000% due 01/01/2043  | 1050 | 1100 |
|  |  | 126656 |
| **GUAM 0.0%**  |  |  |
| **Guam Department of Education Certificates of Participation Bonds, Series 2020** <br>5.000% due 02/01/2040 | 1500 | 1518 |
| **HAWAII 0.3%**  |  |  |
| **Hawaii Department of Budget & Finance State Revenue Bonds, Series 2017** <br>4.000% due 03/01/2037 | 6520 | 6468 |
| **Hawaii Department of Budget & Finance State Revenue Bonds, Series 2019**  |  |  |
| 3.200% due 07/01/2039  | 3725 | 3341 |
| 3.500% due 10/01/2049  | 2000 | 1598 |
| **Hawaii Department of Budget & Finance State Revenue Notes, Series 2017** <br>3.100% due 05/01/2026 | 6990 | 6953 |
|  |  | 18360 |
| **IDAHO 0.5%**  |  |  |
| **Idaho Health Facilities Authority Revenue Bonds, Series 2025** <br>5.250% due 03/01/2053 | 4800 | 4981 |
| **Idaho Housing & Finance Association Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>4.650% due 01/01/2054 | 4135 | 4131 |
| **Nez Perce County, Idaho Certificates of Participation Bonds, Series 2022** <br>5.000% due 03/01/2052 | 2750 | 2820 |
| **Spring Valley Community Infrastructure District No 1, Idaho Special Assessment Bonds, Series 2021** <br>3.750% due 09/01/2051 | 17549 | 16738 |
|  |  | 28670 |
| **ILLINOIS 5.1%**  |  |  |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2012** <br>4.000% due 12/01/2035 | 8360 | 7770 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2018** <br>5.000% due 12/01/2046 | 5405 | 4981 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2021** <br>5.000% due 12/01/2040 | 6995 | 6860 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2023**  |  |  |
| 5.000% due 12/01/2034  | 5000 | 5079 |
| 5.875% due 12/01/2047  | 3575 | 3601 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2025**  |  |  |
| 5.500% due 12/01/2045  | 16135 | 16066 |
| 5.750% due 12/01/2050  | 34300 | 34151 |
| 6.000% due 12/01/2044  | 7750 | 8087 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, (BAM Insured), Series 2023** <br>5.250% due 01/01/2042 | 1470 | 1576 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2017** <br>5.000% due 01/01/2052 | 1000 | 1002 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2018**  |  |  |
| 4.000% due 01/01/2044  | 3000 | 2800 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 01/01/2048  | 9000 | 9123 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2022** <br>5.250% due 01/01/2056 | 1000 | 1024 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 01/01/2036  | 1000 | 1109 |
| 5.000% due 01/01/2037  | 2500 | 2724 |
| 5.000% due 01/01/2038  | 2250 | 2452 |
| 5.250% due 01/01/2040  | 1500 | 1650 |
| 5.250% due 01/01/2042  | 2450 | 2620 |
| 5.250% due 01/01/2043  | 2625 | 2779 |
| **Chicago, Illinois General Obligation Bonds, Series 2023** <br>5.500% due 01/01/2039 | 8200 | 8603 |
| **Exceptional Children Have Opportunities, Illinois General Obligation Debt Certificate Bonds, Series 2020** <br>4.000% due 12/01/2036 | 680 | 689 |
| **Gilberts Special Service Area No 25, Illinois Special Tax Bonds, Series 2018** <br>6.000% due 03/01/2048 | 7827 | 7735 |
| **Illinois Finance Authority Revenue Bonds, Series 2010** <br>4.800% due 12/01/2043 | 6500 | 6715 |
| **Illinois Finance Authority Revenue Bonds, Series 2016** <br>4.000% due 02/15/2036 | 2500 | 2534 |
| **Illinois Finance Authority Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 02/15/2037 ^(c)  | 2426 | 73 |
| 5.125% due 02/15/2045 ^(c)  | 2675 | 80 |
| 5.250% due 05/15/2054  | 5680 | 4444 |
| 5.500% due 05/15/2054  | 11100 | 9023 |
| **Illinois Finance Authority Revenue Bonds, Series 2019** <br>5.000% due 11/01/2049 ^(c) | 4900 | 3393 |
| **Illinois Finance Authority Revenue Bonds, Series 2020** <br>4.000% due 08/15/2041 | 3375 | 3266 |
| **Illinois Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 05/01/2035  | 1410 | 1421 |
| 4.000% due 05/01/2040  | 2830 | 2729 |
| **Illinois Finance Authority Revenue Bonds, Series 2022** <br>2.450% due 08/15/2057 | 5100 | 5100 |
| **Illinois Sales Tax State Revenue Bonds, Series 2016** <br>3.000% due 06/15/2033 | 2785 | 2661 |
| **Illinois Sales Tax State Revenue Bonds, Series 2025** <br>5.000% due 06/15/2038 | 4000 | 4422 |
| **Illinois State General Obligation Bonds, Series 2016** <br>3.500% due 06/01/2029 | 2000 | 2003 |
| **Illinois State General Obligation Bonds, Series 2017** <br>5.000% due 12/01/2038 | 1000 | 1020 |
| **Illinois State General Obligation Bonds, Series 2018** <br>4.625% due 05/01/2037 | 4000 | 4065 |
| **Illinois State General Obligation Bonds, Series 2020** <br>4.125% due 10/01/2036 | 2000 | 2017 |
| **Illinois State General Obligation Bonds, Series 2021** <br>5.000% due 03/01/2036 | 2250 | 2416 |
| **Illinois State General Obligation Bonds, Series 2023** <br>5.000% due 12/01/2046 | 17500 | 17897 |
| **Illinois State General Obligation Bonds, Series 2024**  |  |  |
| 4.250% due 05/01/2046  | 9500 | 8971 |
| 5.000% due 05/01/2039  | 5000 | 5413 |
| 5.250% due 05/01/2044  | 4000 | 4217 |
| **Illinois State General Obligation Bonds, Series 2025**  |  |  |
| 5.000% due 09/01/2041  | 25000 | 26625 |
| 5.000% due 09/01/2042  | 19100 | 20150 |
| **Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, (NPFGC Insured), Series 2002** <br>0.000% due 12/15/2037 (e) | 5000 | 3137 |
| **Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, Series 2020** <br>4.000% due 06/15/2050 | 19500 | 16976 |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, Series 2018** <br>4.000% due 01/01/2048 | 8500 | 7563 |
| **Southwestern Illinois Development Authority Revenue Bonds, Series 2007** <br>5.350% due 03/01/2031 | 1175 | 886 |
|  |  | 301698 |
| **INDIANA 1.6%**  |  |  |
| **Evansville, Indiana Revenue Bonds, Series 2017** <br>5.450% due 01/01/2038 | 7975 | 7609 |
| **Goshen, Indiana Revenue Bonds, Series 2021** <br>5.000% due 08/01/2041 | 4055 | 3517 |
| **Indiana Finance Authority Revenue Bonds, Series 2012** <br>4.250% due 11/01/2030 | 10440 | 10731 |
| **Indiana Finance Authority Revenue Bonds, Series 2019** <br>7.000% due 03/01/2039 ^(c) | 27720 | 1386 |
| **Indiana Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 07/01/2054  | 1000 | 1001 |
| 5.250% due 07/01/2064  | 1500 | 1514 |
| **Indiana Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2057 | 7000 | 7936 |
| **Indiana Finance Authority Revenue Notes, Series 2021** <br>1.400% due 08/01/2029 | 1000 | 916 |
| **Indiana Housing & Community Development Authority Revenue Bonds, Series 2016**  |  |  |
| 5.750% due 01/01/2036  | 1600 | 1600 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.250% due 07/01/2056  | 9660 | 9255 |
| **Indianapolis Local Public Improvement Bond Bank, Indiana Revenue Bonds, Series 2023**  |  |  |
| 6.000% due 02/01/2048  | 7000 | 7792 |
| 6.000% due 03/01/2053  | 12985 | 13545 |
| **Indianapolis, Indiana Revenue Bonds, Series 2016** <br>6.250% due 07/01/2056 | 9660 | 9287 |
| **Mishawaka, Indiana Revenue Bonds, Series 2017** <br>5.375% due 01/01/2038 | 5590 | 5480 |
| **Valparaiso, Indiana Revenue Bonds, Series 2021** <br>5.375% due 12/01/2041 | 5290 | 4838 |
| **Valparaiso, Indiana Revenue Bonds, Series 2025** <br>6.250% due 10/01/2050 | 1750 | 1776 |
| **Whiting, Indiana Revenue Bonds, Series 2016** <br>4.400% due 03/01/2046 | 5000 | 5250 |
|  |  | 93433 |
| **IOWA 0.5%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2012** <br>4.750% due 08/01/2042 | 6200 | 6200 |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022**  |  |  |
| 4.000% due 12/01/2050  | 2850 | 3101 |
| 5.000% due 12/01/2050  | 6680 | 7688 |
| **Iowa Finance Authority Revenue Bonds, Series 2022** <br>8.000% due 01/01/2042 | 9500 | 8459 |
| **Iowa Tobacco Settlement Authority Revenue Bonds, Series 2021** <br>0.000% due 06/01/2065 (e) | 26970 | 3866 |
|  |  | 29314 |
| **KANSAS 0.2%**  |  |  |
| **Colby, Kansas Revenue Notes, Series 2024** <br>5.500% due 07/01/2026 | 9700 | 9700 |
| **Lenexa, Kansas Tax Allocation Bonds, Series 2007** <br>6.000% due 04/01/2027 ^(c) | 3143 | 283 |
| **Manhattan, Kansas Revenue Bonds, Series 2025**  |  |  |
| 5.500% due 06/01/2055  | 1000 | 1002 |
| 5.500% due 06/01/2060  | 2000 | 1988 |
| **Wyandotte County-Kansas City Unified Government, Kansas Revenue Bonds, Series 2018** <br>4.500% due 06/01/2040 | 675 | 676 |
|  |  | 13649 |
| **KENTUCKY 0.5%**  |  |  |
| **Kenton County, Kentucky Airport Board Revenue Bonds, Series 2024** <br>5.250% due 01/01/2044 | 2000 | 2110 |
| **Kentucky Economic Development Finance Authority Revenue Bonds, Series 2016**  |  |  |
| 6.000% due 11/15/2036  | 2350 | 1860 |
| 6.250% due 11/15/2046  | 1150 | 824 |
| **Kentucky Economic Development Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 4.750% due 07/01/2040  | 3750 | 3429 |
| 5.125% due 07/01/2055  | 4660 | 3865 |
| **Kentucky Public Energy Authority Revenue Bonds, Series 2024** <br>5.000% due 01/01/2055 | 5700 | 6135 |
| **Kentucky Public Energy Authority Revenue Notes, Series 2025** <br>5.000% due 12/01/2033 | 9500 | 9856 |
|  |  | 28079 |
| **LOUISIANA 0.7%**  |  |  |
| **Louisiana Gasoline & Fuels Tax State Revenue Bonds, Series 2017** <br>4.000% due 05/01/2045 | 7000 | 6793 |
| **Louisiana Public Facilities Authority Revenue Bonds, (AGM Insured), Series 2025** <br>5.250% due 07/01/2050 | 2000 | 2097 |
| **Louisiana Stadium and Exposition District Revenue Bonds, Series 2023** <br>5.000% due 07/01/2042 | 2565 | 2731 |
| **New Orleans Aviation Board, Louisiana Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 01/01/2039  | 8000 | 8592 |
| 5.250% due 01/01/2044  | 22000 | 23164 |
|  |  | 43377 |
| **MAINE 0.1%**  |  |  |
| **Finance Authority of Maine Revenue Bonds, Series 2024** <br>4.625% due 12/01/2047 | 3000 | 3026 |
| **MARYLAND 0.3%**  |  |  |
| **Maryland Economic Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2048 | 11500 | 12051 |
| **Maryland Economic Development Corp. Tax Allocation Bonds, Series 2020** <br>4.000% due 09/01/2040 | 2000 | 1878 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2021** <br>3.762% due 01/01/2043 | 3205 | 2403 |
|  |  | 16332 |
| **MASSACHUSETTS 1.6%**  |  |  |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2018**  |  |  |
| 4.000% due 05/01/2040  | 3580 | 3586 |
| 4.000% due 05/01/2041  | 9305 | 9312 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2020** <br>5.000% due 07/01/2048 | 15300 | 15729 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2022** <br>5.000% due 11/01/2052 | 5600 | 5777 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2023** <br>5.000% due 10/01/2046 | 5500 | 5799 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2054 | 6790 | 7050 |
| **Massachusetts Development Finance Agency Revenue Bonds, (AGM Insured), Series 2025** <br>5.000% due 07/01/2050 | 15400 | 15888 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2016**  |  |  |
| 5.000% due 10/01/2041  | 2000 | 2001 |
| 5.000% due 10/01/2048  | 5360 | 5060 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 10500 | 10633 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 07/01/2054  | 1200 | 1156 |
| 5.000% due 07/01/2060  | 1100 | 1045 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2025**  |  |  |
| 5.250% due 07/01/2045  | 2000 | 2049 |
| 5.250% due 07/01/2050  | 2000 | 2016 |
| 5.250% due 07/01/2055  | 8500 | 8423 |
|  |  | 95524 |
| **MICHIGAN 1.8%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | 39843 | 31240 |
| **Detroit, Michigan General Obligation Bonds, Series 2021** <br>5.000% due 04/01/2050 | 1600 | 1607 |
| **Detroit, Michigan General Obligation Bonds, Series 2023** <br>6.000% due 05/01/2039 | 1300 | 1482 |
| **Detroit, Michigan General Obligation Notes, Series 2023** <br>6.844% due 05/01/2028 | 515 | 527 |
| **Michigan Finance Authority Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 02/15/2047  | 17410 | 15628 |
| 4.000% due 02/15/2050  | 4540 | 3980 |
| **Michigan Finance Authority Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2045 (e)  | 15000 | 3939 |
| 0.000% due 06/01/2065 (e)  | 55000 | 5560 |
| 4.800% due 09/01/2040  | 235 | 202 |
| 5.000% due 06/01/2040  | 3750 | 3824 |
| 5.000% due 09/01/2050  | 380 | 297 |
| **Michigan Finance Authority Revenue Bonds, Series 2021** <br>5.000% due 05/01/2046 | 1435 | 1082 |
| **Michigan Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 4.125% due 02/29/2044  | 700 | 676 |
| 4.375% due 02/28/2054  | 4335 | 4125 |
| 5.250% due 02/28/2043  | 1375 | 1454 |
| **Michigan Finance Authority Revenue Notes, Series 2020** <br>4.300% due 09/01/2030 | 100 | 95 |
| **Michigan State Hospital Finance Authority Revenue Bonds, Series 2010** <br>5.000% due 11/15/2047 | 285 | 314 |
| **Michigan State Hospital Finance Authority Revenue Notes, Series 2010** <br>5.000% due 11/15/2047 | 715 | 726 |
| **Michigan Strategic Fund Revenue Bonds, Series 2018** <br>5.000% due 12/31/2043 | 5000 | 5016 |
| **Michigan Tobacco Settlement Finance Authority Revenue Bonds, Series 2008**  |  |  |
| 0.000% due 06/01/2046 (e)  | 78000 | 10656 |
| 0.000% due 06/01/2058 (e)  | 145250 | 2553 |
| **Northern Michigan University Revenue Bonds, Series 2025**  |  |  |
| 5.250% due 06/01/2047  | 2000 | 2134 |
| 5.500% due 06/01/2055  | 4250 | 4549 |
| **Wayne County, Michigan Airport Authority Revenue Notes, (AGM Insured), Series 2023** <br>5.000% due 12/01/2033 | 1380 | 1551 |
|  |  | 103217 |
| **MINNESOTA 0.2%**  |  |  |
| **Duluth Economic Development Authority, Minnesota Revenue Bonds, Series 2018** <br>5.000% due 02/15/2048 | 5000 | 5044 |
| **Minneapolis-St Paul Metropolitan Airports Commission, Minnesota Revenue Bonds, Series 2016** <br>5.000% due 01/01/2041 | 750 | 755 |
| **Minneapolis-St Paul Metropolitan Airports Commission, Minnesota Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 01/01/2034  | 1645 | 1802 |
| 5.000% due 01/01/2037  | 2100 | 2260 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shakopee, Minnesota Senior Housing Revenue Bonds, Series 2025**  |  |  |
| 5.750% due 11/01/2055  | 1200 | 1196 |
| 5.875% due 11/01/2065  | 1750 | 1759 |
|  |  | 12816 |
| **MISSISSIPPI 0.0%**  |  |  |
| **Mississippi Development Bank Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 10/01/2034  | 500 | 470 |
| 4.000% due 10/01/2035  | 300 | 277 |
|  |  | 747 |
| **MISSOURI 0.2%**  |  |  |
| **Grindstone Plaza Transportation Development District, Missouri Revenue Bonds, Series 2006**  |  |  |
| 5.500% due 10/01/2031  | 250 | 250 |
| 5.550% due 10/01/2036  | 45 | 45 |
| **Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 02/15/2044  | 2200 | 2076 |
| 4.000% due 02/15/2049  | 1000 | 886 |
| **Lees Summit Industrial Development Authority, Missouri Revenue Bonds, Series 2016** <br>5.000% due 08/15/2051 | 1450 | 1300 |
| **Missouri Development Finance Board Revenue Bonds, Series 2022** <br>5.750% due 05/01/2052 | 7000 | 7390 |
| **St. Louis Land Clearance for Redevelopment Authority, Missouri Revenue Bonds, Series 2017** <br>5.125% due 06/01/2046 | 2075 | 2025 |
|  |  | 13972 |
| **MONTANA 0.0%**  |  |  |
| **Hardin, Montana Tax Allocation Bonds, Series 2006** <br>6.250% due 09/01/2031 ^ | 830 | 100 |
| **MULTI-STATE 2.1%**  |  |  |
| **FHLMC Multifamily VRD Certificates, New York Revenue Bonds, Series 2025** <br>4.604% due 06/25/2042 | 7395 | 7507 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2022** <br>3.125% due 09/25/2036 | 946 | 883 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 3.996% due 12/25/2036  | 26646 | 26735 |
| 4.140% due 01/25/2040  | 21446 | 20931 |
| 4.415% due 08/25/2040  | 27792 | 28132 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024**  |  |  |
| 4.519% due 08/25/2041 ~  | 20160 | 20426 |
| 4.547% due 10/25/2040  | 19260 | 19695 |
|  |  | 124309 |
| **NEBRASKA 0.2%**  |  |  |
| **Douglas County, Nebraska Hospital Authority No 2, Revenue Bonds, Series 2020** <br>4.000% due 11/15/2050 | 1000 | 895 |
| **Omaha Public Power District, Nebraska Revenue Bonds, Series 2021** <br>4.000% due 02/01/2051 | 8000 | 7342 |
| **Omaha Public Power District, Nebraska Revenue Bonds, Series 2024** <br>5.000% due 02/01/2043 | 3500 | 3752 |
|  |  | 11989 |
| **NEVADA 0.2%**  |  |  |
| **Las Vegas, Nevada Revenue Bonds, Series 2016** <br>4.375% due 06/15/2035 | 3200 | 3182 |
| **Nevada Department of Business & Industry State Revenue Bonds, Series 2017** <br>5.125% due 12/15/2037 ^(c) | 1754 | 0 |
| **Nevada Department of Business & Industry State Revenue Bonds, Series 2018** <br>6.950% due 02/15/2038 ^(c) | 3695 | 0 |
| **Reno, Nevada Revenue Bonds, Series 2018** <br>0.000% due 07/01/2058 (e) | 39000 | 5604 |
|  |  | 8786 |
| **NEW HAMPSHIRE 1.4%**  |  |  |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2021** <br>4.000% due 01/01/2051 | 2250 | 1822 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 3.777% due 08/20/2034  | 13403 | 12941 |
| 3.875% due 01/20/2038  | 7883 | 7622 |
| 3.967% due 06/20/2034  | 9931 | 9724 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2024** <br>0.506% due 08/20/2039 (a) | 23928 | 930 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 4.086% due 01/20/2041 ~  | 21360 | 21058 |
| 4.086% due 11/20/2042  | 24017 | 23456 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.625% due 06/01/2039  | 5200 | 5203 |
|  |  | 82756 |
| **NEW JERSEY 1.1%**  |  |  |
| **Atlantic City, New Jersey General Obligation Bonds, Series 2015** <br>6.375% due 03/01/2030 | 815 | 817 |
| **New Jersey Economic Development Authority Revenue Bonds, Series 2022** <br>5.000% due 11/01/2052 | 20000 | 20428 |
| **New Jersey Economic Development Authority Special Assessment Bonds, Series 2002**  |  |  |
| 5.750% due 04/01/2031  | 5000 | 5035 |
| 6.500% due 04/01/2028  | 1996 | 2058 |
| **New Jersey Housing & Mortgage Finance Agency Revenue Bonds, (FHA Insured), Series 2024** <br>5.250% due 12/20/2065 | 2250 | 2444 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2020** <br>4.000% due 06/15/2039 | 2000 | 2008 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2022** <br>5.500% due 06/15/2050 | 3500 | 4174 |
| **Tobacco Settlement Financing Corp. New Jersey Revenue Bonds, Series 2018** <br>5.000% due 06/01/2046 | 27740 | 27331 |
| **Union County, New Jersey Improvement Authority Revenue Bonds, Series 2021** <br>8.500% due 06/01/2041 | 6000 | 69 |
|  |  | 64364 |
| **NEW YORK 7.6%**  |  |  |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2018** <br>5.625% due 12/01/2050 | 8740 | 7500 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2022**  |  |  |
| 5.750% due 06/01/2052  | 1250 | 1240 |
| 5.750% due 06/01/2062  | 3250 | 3160 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2025** <br>5.500% due 06/15/2050 | 1000 | 990 |
| **Build NYC Resource Corp. New York Revenue Notes, Series 2024** <br>5.500% due 06/15/2055 | 1500 | 1472 |
| **Huntington Local Development Corp. New York Revenue Notes, Series 2021** <br>4.000% due 07/01/2027 | 1430 | 1407 |
| **Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023** <br>4.720% due 01/01/2044 | 4700 | 4742 |
| **New York City, New York Housing Development Corp. Revenue Bonds, (HUD Insured), Series 2024** <br>4.650% due 11/01/2049 | 3000 | 2982 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2017** <br>3.750% due 11/01/2052 | 4000 | 3446 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 11/01/2040  | 5000 | 5018 |
| 4.000% due 11/01/2043  | 4000 | 3839 |
| 4.000% due 05/01/2047  | 6030 | 5563 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 08/01/2039  | 4000 | 4041 |
| 4.000% due 02/01/2049  | 4000 | 3656 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2026** <br>5.000% due 11/01/2047 (b) | 1000 | 1045 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2023** <br>5.250% due 05/01/2050 | 11000 | 11513 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2050  | 3000 | 3094 |
| 5.250% due 02/01/2053  | 2000 | 2090 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 11/01/2042 | 12000 | 12975 |
| **New York County, New York Tobacco Trust Revenue Bonds, Series 2005**  |  |  |
| 0.000% due 06/01/2050 (e)  | 43000 | 9237 |
| 0.000% due 06/01/2055 (e)  | 133600 | 11019 |
| 0.000% due 06/01/2060 (e)  | 210000 | 8748 |
| **New York Energy Finance Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2056 | 15800 | 16754 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014**  |  |  |
| 5.000% due 11/15/2044  | 19260 | 19256 |
| 5.150% due 11/15/2034  | 2600 | 2602 |
| 5.375% due 11/15/2040  | 6500 | 6500 |
| **New York Power Authority Revenue Bonds, (AGM Insured), Series 2022** <br>4.000% due 11/15/2047 | 7300 | 6842 |
| **New York Power Authority Revenue Bonds, (AGM Insured), Series 2023**  |  |  |
| 5.000% due 11/15/2053  | 5000 | 5192 |
| 5.125% due 11/15/2063  | 10000 | 10412 |
| **New York Power Authority Revenue Bonds, Series 2020** <br>4.000% due 11/15/2060 | 8760 | 7815 |
| **New York State Dormitory Authority Revenue Bonds, Series 2020** <br>4.000% due 07/01/2050 | 10175 | 9132 |
| **New York State Dormitory Authority Revenue Bonds, Series 2021** <br>4.000% due 03/15/2040 | 8730 | 8766 |
| **New York State Dormitory Authority Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 05/01/2039  | 3500 | 3532 |
| 4.000% due 03/15/2054  | 14250 | 13130 |
| 5.000% due 03/15/2052  | 5615 | 5824 |
| **New York State Thruway Authority Revenue Bonds, Series 2021** <br>4.000% due 03/15/2047 | 2665 | 2492 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New York State Urban Development Corp. Revenue Bonds, Series 2023** <br>5.000% due 03/15/2053 | 14500 | 14882 |
| **New York Transportation Development Corp. Revenue Bonds, (AGC Insured) ,Series 2024** <br>5.250% due 12/31/2054 | 33100 | 33582 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2023** <br>5.125% due 06/30/2060 | 12000 | 12056 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2025** <br>5.500% due 06/30/2059 | 14800 | 15446 |
| **New York Transportation Development Corp. Revenue Bonds, (BAM Insured), Series 2024** <br>5.500% due 06/30/2060 | 6800 | 7055 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 01/01/2031  | 2280 | 2349 |
| 5.000% due 01/01/2033  | 6750 | 6924 |
| 5.000% due 01/01/2036  | 1500 | 1527 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2020**  |  |  |
| 4.375% due 10/01/2045  | 8290 | 7729 |
| 5.000% due 10/01/2035  | 6715 | 7007 |
| 5.000% due 10/01/2040  | 3560 | 3611 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2021** <br>4.000% due 04/30/2053 | 1250 | 1064 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2023**  |  |  |
| 5.625% due 04/01/2040  | 8750 | 9185 |
| 6.000% due 04/01/2035  | 17550 | 19350 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2024**  |  |  |
| 5.250% due 06/30/2043  | 3560 | 3668 |
| 5.250% due 06/30/2044  | 4000 | 4093 |
| 5.500% due 06/30/2060  | 2500 | 2522 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2025**  |  |  |
| 6.000% due 06/30/2044  | 2475 | 2699 |
| 6.000% due 06/30/2059  | 7750 | 8157 |
| **New York Transportation Development Corp. Revenue Notes, Series 2018** <br>5.000% due 01/01/2028 | 1000 | 1032 |
| **New York Transportation Development Corp. Revenue Notes, Series 2020** <br>4.000% due 10/01/2030 | 2000 | 2040 |
| **Onondaga Civic Development Corp. New York Revenue Bonds, Series 2024**  |  |  |
| 5.125% due 08/01/2044  | 1000 | 890 |
| 5.375% due 08/01/2054  | 340 | 296 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 1994** <br>6.125% due 06/01/2094 | 4000 | 4007 |
| **Suffolk County, New York Economic Development Corp. Revenue Bonds, Series 2021** <br>5.375% due 11/01/2054 | 4000 | 3038 |
| **Suffolk Tobacco Asset Securitization Corp. New York Revenue Bonds, Series 2021** <br>0.000% due 06/01/2066 (e) | 67080 | 5966 |
| **Syracuse Industrial Development Agency, New York Revenue Bonds, (SGI Insured), Series 2007** <br>5.693% due 01/01/2028 | 8370 | 8199 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 12/01/2042  | 2000 | 2195 |
| 5.000% due 12/01/2043  | 1250 | 1354 |
| 5.000% due 12/01/2044  | 2000 | 2145 |
| **TSASC, Inc., New York Revenue Bonds, Series 2016** <br>5.000% due 06/01/2045 | 4500 | 3947 |
| **Ulster County, New York Capital Resource Corp. Revenue Bonds, Series 2017**  |  |  |
| 5.250% due 09/15/2047  | 1000 | 931 |
| 5.250% due 09/15/2053  | 2500 | 2272 |
| **Westchester County, New York Local Development Corp. Revenue Bonds, (AGM Insured), Series 2025** <br>6.500% due 11/01/2055 (h) | 4000 | 4522 |
| **Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025** <br>7.500% due 11/01/2055 (h) | 11000 | 12085 |
|  |  | 444851 |
| **NORTH CAROLINA 0.1%**  |  |  |
| **North Carolina Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 01/01/2055 | 5635 | 6276 |
| **North Carolina Medical Care Commission Revenue Bonds, Series 2021** <br>4.000% due 03/01/2051 | 1500 | 1245 |
| **North Carolina Medical Care Commission Revenue Notes, Series 2021**  |  |  |
| 4.000% due 03/01/2030  | 285 | 291 |
| 4.000% due 03/01/2031  | 290 | 296 |
|  |  | 8108 |
| **NORTH DAKOTA 0.0%**  |  |  |
| **Grand Forks County, North Dakota Revenue Bonds, Series 2021** <br>7.000% due 12/15/2043 ^(c) | 7940 | 0 |
| **OHIO 4.0%**  |  |  |
| **Allen County, Ohio Hospital Facilities Revenue Bonds, Series 2017** <br>5.000% due 08/01/2042 | 3085 | 3152 |
| **Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2057 (e)  | 279880 | 20770 |
| 5.000% due 06/01/2055  | 134400 | 108963 |
| **Columbus Regional Airport Authority, Ohio Revenue Bonds, Series 2025** <br>5.000% due 01/01/2037 | 6500 | 7169 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Columbus-Franklin County, Ohio Finance Authority Revenue Bonds, Series 2025** <br>6.050% due 01/01/2046 | 2900 | 2906 |
| **Cuyahoga County, Ohio Certificates of Participation Bonds, Series 2024** <br>4.000% due 12/01/2044 | 6355 | 5962 |
| **Cuyahoga County, Ohio Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 02/15/2057  | 5000 | 4542 |
| 5.500% due 02/15/2057  | 1000 | 981 |
| **Dayton-Montgomery County, Ohio Port Authority Revenue Bonds, Series 2025** <br>6.625% due 01/01/2045 | 4300 | 4485 |
| **Franklin County, Ohio Convention Facilities Authority Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 12/01/2033  | 1170 | 1209 |
| 5.000% due 12/01/2035  | 1200 | 1236 |
| **Geisinger Authority, Ohio Revenue Bonds, Series 2017** <br>4.000% due 02/15/2047 | 2080 | 1852 |
| **Montgomery County, Ohio Revenue Bonds, Series 2018**  |  |  |
| 6.000% due 04/01/2038 ^(c)  | 2369 | 30 |
| 6.250% due 04/01/2049 ^(c)  | 5176 | 65 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2017** <br>4.250% due 01/15/2038 | 1075 | 1076 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 33960 | 30616 |
| **Ohio Housing Finance Agency Revenue Bonds, Series 2024** <br>6.000% due 01/01/2045 | 4230 | 4249 |
| **Ohio Housing Finance Agency Revenue Bonds, Series 2025**  |  |  |
| 6.100% due 01/01/2046  | 2500 | 2514 |
| 6.250% due 01/01/2045  | 7775 | 7986 |
| 6.300% due 01/01/2045  | 6655 | 6740 |
| 6.375% due 01/01/2045  | 2115 | 2189 |
| 6.500% due 01/01/2045  | 3465 | 3558 |
| **Ohio State Hospital Revenue Bonds, Series 2020** <br>4.000% due 11/15/2038 | 1280 | 1258 |
| **Port of Greater Cincinnati Development Authority, Ohio Revenue Bonds, Series 2025** <br>6.500% due 01/01/2045 | 4400 | 4562 |
| **University of Cincinnati, Ohio Revenue Bonds, Series 2025**  |  |  |
| 5.250% due 06/01/2043  | 3250 | 3520 |
| 5.250% due 06/01/2044  | 3350 | 3600 |
| 5.250% due 06/01/2045  | 2850 | 3047 |
|  |  | 238237 |
| **OKLAHOMA 0.6%**  |  |  |
| **Oklahoma Development Finance Authority Revenue Bonds, Series 2018** <br>5.500% due 08/15/2052 | 5000 | 5000 |
| **Oklahoma Turnpike Authority Revenue Bonds, Series 2023**  |  |  |
| 4.500% due 01/01/2053  | 5750 | 5778 |
| 5.500% due 01/01/2053  | 2750 | 2923 |
| **Payne County, Oklahoma Economic Development Authority Revenue Bonds, Series 2016**  |  |  |
| 6.625% due 11/01/2036 ^(c)  | 526 | 3 |
| 6.875% due 11/01/2046 ^(c)  | 1081 | 7 |
| 7.000% due 11/01/2051 ^(c)  | 2163 | 13 |
| **Tulsa Municipal Airport Trust Trustees, Oklahoma Revenue Bonds, Series 2025** <br>6.250% due 12/01/2035 | 19000 | 21771 |
|  |  | 35495 |
| **OREGON 0.1%**  |  |  |
| **Salem Hospital Facility Authority, Oregon Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 05/15/2047  | 875 | 735 |
| 4.000% due 05/15/2057  | 1000 | 783 |
| **University of Oregon Revenue Bonds, Series 2020** <br>5.000% due 04/01/2050 | 5705 | 5820 |
|  |  | 7338 |
| **PENNSYLVANIA 3.0%**  |  |  |
| **Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania Revenue Bonds, Series 2025** <br>6.000% due 05/01/2042 | 1800 | 1949 |
| **Beaver Economic Development Authority Revenue Bonds, Series 2006** <br>4.750% due 01/01/2035 | 7000 | 7409 |
| **Berks County, Pennsylvania Municipal Authority Revenue Notes, Series 2024**  |  |  |
| 6.000% due 06/30/2034  | 1850 | 1989 |
| 8.000% due 06/30/2034  | 3693 | 3705 |
| **Blythe Township Solid Waste Authority, Pennsylvania Revenue Bonds, Series 2017** <br>7.750% due 12/01/2037 | 6195 | 6665 |
| **Bucks County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 07/01/2051  | 6000 | 5037 |
| 5.000% due 07/01/2054  | 10700 | 10312 |
| **Chester County Health & Education Facilities Authority, Pennsylvania Revenue Bonds, Series 2017** <br>5.000% due 10/01/2052 | 2500 | 2512 |
| **Doylestown Hospital Authority, Pennsylvania Revenue Bonds, Series 2024** <br>5.375% due 07/01/2039 | 2575 | 2839 |
| **Franklin County Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2018** <br>5.000% due 12/01/2053 | 1650 | 1439 |
| **Geisinger Authority, Pennsylvania Revenue Bonds, Series 2020** <br>4.000% due 04/01/2050 | 14750 | 12866 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **General Authority of Southcentral Pennsylvania Revenue Bonds, Series 2018** <br>6.500% due 07/15/2048 | 4200 | 4258 |
| **Lancaster Municipal Authority, Pennsylvania Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2044  | 1000 | 1012 |
| 5.000% due 05/01/2049  | 750 | 741 |
| **Mercer County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2020** <br>6.125% due 10/01/2050 | 4895 | 3478 |
| **Montgomery County Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2024** <br>5.000% due 11/01/2044 | 4300 | 4159 |
| **Montgomery County, Pennsylvania Higher Education & Health Authority Revenue Bonds, Series 2018** <br>4.000% due 09/01/2049 | 200 | 173 |
| **Moon Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2015**  |  |  |
| 6.000% due 07/01/2045  | 21300 | 20928 |
| 6.125% due 07/01/2050  | 4500 | 4354 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2009** <br>5.250% due 12/01/2037 | 5000 | 5033 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2019** <br>3.000% due 04/01/2039 | 3000 | 2734 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022**  |  |  |
| 5.250% due 06/30/2053  | 7635 | 7743 |
| 6.000% due 06/30/2061  | 6000 | 6326 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 07/01/2046  | 2200 | 2225 |
| 5.250% due 07/01/2049  | 2000 | 2005 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2025** <br>5.450% due 01/01/2051 | 9450 | 10067 |
| **Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2022** <br>5.000% due 12/31/2032 | 3070 | 3376 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2019** <br>5.000% due 08/15/2049 | 12200 | 12432 |
| **Pennsylvania Housing Finance Agency Revenue Bonds, Series 2024**  |  |  |
| 6.000% due 10/01/2054  | 6085 | 6606 |
| 6.250% due 10/01/2054  | 3335 | 3654 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2019** <br>5.000% due 12/01/2044 | 6000 | 6199 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2022** <br>5.250% due 12/01/2052 | 3000 | 3155 |
| **Philadelphia Authority for Industrial Development, Pennsylvania Revenue Bonds, Series 2017** <br>5.500% due 12/01/2058 | 3500 | 3582 |
| **Southeastern Pennsylvania Transportation Authority Revenue Bonds, Series 2022** <br>5.250% due 06/01/2043 | 5000 | 5363 |
| **Washington County, Pennsylvania Redevelopment Authority Tax Allocation Bonds, Series 2018** <br>5.000% due 07/01/2035 | 750 | 754 |
|  |  | 177079 |
| **PUERTO RICO 6.3%**  |  |  |
| **Children's Trust Fund, Puerto Rico Revenue Bonds, Series 2005** <br>0.000% due 05/15/2050 (e) | 35200 | 7216 |
| **Children's Trust Fund, Puerto Rico Revenue Bonds, Series 2008** <br>0.000% due 05/15/2057 (e) | 194500 | 8022 |
| **Commonwealth of Puerto Rico Bonds, Series 2022**  |  |  |
| 0.000% due 11/01/2043  | 40493 | 25966 |
| 0.000% due 11/01/2051  | 73494 | 48139 |
| **Commonwealth of Puerto Rico General Obligation Bonds, Series 2021**  |  |  |
| 4.000% due 07/01/2041  | 1500 | 1388 |
| 4.000% due 07/01/2046  | 13434 | 11736 |
| **GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018** <br>7.500% due 08/20/2040 | 41134 | 40049 |
| **Puerto Rico Electric Power Authority**  |  |  |
| 4.625% due 07/01/2026 ^(c)  | 35 | 24 |
| 5.000% due 07/01/2026 ^(c)  | 865 | 577 |
| 5.250% due 07/01/2026 ^(c)  | 25 | 17 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.359% (US0003M + 0.520%) due 07/01/2029 ~ | 6715 | 6510 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (BABs), Series 2010**  |  |  |
| 5.950% due 07/01/2030 ^(c)  | 2500 | 1675 |
| 6.250% due 07/01/2040 ^(c)  | 400 | 268 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2005** <br>4.625% due 07/01/2030 ^(c) | 10 | 7 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2007**  |  |  |
| 1.000% (US0003M) due 07/01/2031 ^~(c)  | 2500 | 1675 |
| 5.000% due 07/01/2026 ^(c)  | 10 | 7 |
| 5.000% due 07/01/2037 ^(c)  | 555 | 372 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2010**  |  |  |
| 4.750% due 07/01/2026 ^(c)  | 245 | 164 |
| 4.750% due 07/01/2027 ^(c)  | 50 | 33 |
| 5.000% due 07/01/2026 ^(c)  | 65 | 43 |
| 5.250% due 07/01/2026 ^(c)  | 670 | 449 |
| 5.250% due 07/01/2027 ^(c)  | 390 | 261 |
| 5.400% due 07/01/2028 ^(c)  | 2610 | 1749 |
| 5.750% due 07/01/2036 ^(c)  | 23620 | 15825 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2013**  |  |  |
| 7.000% due 07/01/2033 ^(c)  | 4900 | 3283 |
| 7.000% due 07/01/2040 ^(c)  | 20 | 13 |
| 7.000% due 07/01/2043 ^(c)  | 2600 | 1742 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2046 (e)  | 99294 | 33365 |
| 0.000% due 07/01/2051 (e)  | 254313 | 63946 |
| 4.750% due 07/01/2053  | 25325 | 23909 |
| 5.000% due 07/01/2058  | 45177 | 43568 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019**  |  |  |
| 4.329% due 07/01/2040  | 6630 | 6495 |
| 4.550% due 07/01/2040  | 21414 | 21428 |
|  |  | 369921 |
| **RHODE ISLAND 0.5%**  |  |  |
| **Rhode Island Health & Educational Building Corp. Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/15/2038  | 1000 | 1089 |
| 5.000% due 05/15/2042  | 1000 | 1039 |
| 5.250% due 05/15/2049  | 3650 | 3706 |
| **Rhode Island Health and Educational Building Corp. Revenue Bonds, (AGM Insured),Series 2025**  |  |  |
| 5.000% due 07/01/2037  | 375 | 410 |
| 5.000% due 07/01/2038  | 350 | 379 |
| 5.000% due 07/01/2045  | 1500 | 1536 |
| 5.625% due 07/01/2065  | 600 | 619 |
| **Tobacco Settlement Financing Corp. Rhode Island Revenue Bonds, Series 2007** <br>0.000% due 06/01/2052 (e) | 12580 | 1831 |
| **Tobacco Settlement Financing Corp. Rhode Island Revenue Bonds, Series 2015**  |  |  |
| 5.000% due 06/01/2040  | 4500 | 4500 |
| 5.000% due 06/01/2050  | 14280 | 14160 |
|  |  | 29269 |
| **SOUTH CAROLINA 0.9%**  |  |  |
| **County of Lancaster, Special Assessment Revenue Bonds, Series 2025** <br>6.200% due 06/01/2055 | 1500 | 1543 |
| **Patriots Energy Group Financing Agency, South Carolina Revenue Bonds, Series 2023** <br>5.250% due 02/01/2054 | 7700 | 8328 |
| **South Carolina Jobs-Economic Development Authority Revenue Bonds, Series 2025**  |  |  |
| 5.250% due 11/01/2043  | 4500 | 4919 |
| 5.625% due 10/01/2060  | 1750 | 1715 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 12/01/2049  | 3500 | 3619 |
| 5.250% due 12/01/2049  | 4500 | 4734 |
| 5.500% due 12/01/2054  | 12525 | 13373 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2025** <br>5.000% due 12/01/2046 | 6750 | 7038 |
| **Spartanburg Regional Health Services District, South Carolina Revenue Bonds, Series 2017** <br>5.000% due 04/15/2048 | 6800 | 6862 |
|  |  | 52131 |
| **TENNESSEE 1.1%**  |  |  |
| **Bristol Industrial Development Board, Tennessee Tax Allocation Bonds, Series 2016** <br>5.625% due 06/01/2035 | 2000 | 1757 |
| **Memphis-Shelby County, Tennessee Industrial Development Board Tax Allocation Bonds, Series 2017** <br>5.625% due 01/01/2046 | 850 | 581 |
| **Metropolitan Government of Nashville & Davidson County Sports Auth, Tennessee Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 07/01/2048  | 2440 | 2550 |
| 5.000% due 07/01/2056  | 6630 | 6874 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, (HUD Insured), Series 2023** <br>4.875% due 10/01/2038 | 10270 | 10695 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, Series 2020** <br>4.000% due 11/01/2055 | 4000 | 3147 |
| **Metropolitan Nashville Airport Authority, Tennessee Revenue Bonds, Series 2022** <br>5.250% due 07/01/2047 | 6250 | 6465 |
| **Tennergy Corp. Tennessee Revenue Bonds, Series 2022** <br>5.500% due 10/01/2053 | 9805 | 10521 |
| **Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021** <br>5.000% due 05/01/2052 | 17750 | 18972 |
|  |  | 61562 |
| **TEXAS 9.0%**  |  |  |
| **Angelina & Neches River Authority, Texas Revenue Bonds, Series 2021**  |  |  |
| 7.500% due 12/01/2045 ^(c)  | 7060 | 89 |
| 12.000% due 12/01/2045 ^(c)  | 9525 | 120 |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2024** <br>4.250% due 06/15/2059 | 850 | 788 |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, Series 2016** <br>5.000% due 12/01/2051 | 2710 | 2638 |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, Series 2025** <br>5.750% due 06/15/2055 | 3500 | 3533 |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds,Series 2025** <br>5.875% due 06/15/2065 | 11500 | 11630 |
| **Austin Affordable PFC Inc., Texas Revenue Bonds, (FNMA Insured), Series 2024** <br>4.450% due 03/01/2043 | 2575 | 2573 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2022** <br>10.000% due 06/01/2042 ^(c) | 4687 | 469 |
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2023** <br>12.000% due 06/01/2043 ^(c) | 7904 | 790 |
| **Calhoun County, Texas Navigation Industrial Development Authority Revenue Notes, Series 2021**  |  |  |
| 3.625% due 07/01/2026  | 7000 | 6863 |
| 6.500% due 07/01/2026  | 12750 | 12425 |
| **Celina, Texas Special Assessment Bonds, (AGC Insured), Series 2025**  |  |  |
| 5.000% due 09/01/2039  | 750 | 806 |
| 5.000% due 09/01/2045  | 1750 | 1800 |
| **Celina, Texas Special Assessment Bonds, Series 2024**  |  |  |
| 5.125% due 09/01/2044  | 1800 | 1835 |
| 5.375% due 09/01/2053  | 226 | 230 |
| 5.500% due 09/01/2054  | 1000 | 1023 |
| **Celina, Texas Special Assessment Bonds, Series 2025**  |  |  |
| 5.500% due 09/01/2045  | 300 | 301 |
| 5.625% due 09/01/2055  | 600 | 595 |
| **Central Texas Turnpike System Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 08/15/2040  | 1500 | 1651 |
| 5.000% due 08/15/2041  | 1500 | 1638 |
| **City of Lavon, Texas, Special Assessment Revenue Bonds, Series 2025** <br>6.000% due 09/15/2054 | 1125 | 1159 |
| **Club Municipal Management District No 1, Texas Special Assessment Bonds, Series 2024**  |  |  |
| 5.100% due 09/01/2044  | 650 | 652 |
| 5.375% due 09/01/2055  | 1047 | 1049 |
| **Comal Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/01/2050 | 7000 | 7341 |
| **Conroe Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2049 | 13000 | 12178 |
| **Crandall, Texas Special Assessment Bonds, Series 2025**  |  |  |
| 5.250% due 09/15/2045  | 540 | 535 |
| 5.500% due 09/15/2055  | 1250 | 1246 |
| 5.625% due 09/15/2055  | 1850 | 1837 |
| **Cypress-Fairbanks Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2018** <br>4.000% due 02/15/2043 | 2500 | 2476 |
| **Dallas Area Rapid Transit, Texas Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 11180 | 10077 |
| **Dallas Housing Finance Corp. Texas Revenue Bonds, Series 2022** <br>6.000% due 12/01/2062 | 3425 | 3219 |
| **Denton County, Texas Special Assessment Bonds, Series 2025**  |  |  |
| 4.500% due 12/31/2035  | 1000 | 1038 |
| 5.000% due 12/31/2035  | 1000 | 1038 |
| 5.375% due 12/31/2045  | 1750 | 1809 |
| 5.875% due 12/31/2045  | 1500 | 1547 |
| 6.125% due 12/31/2055  | 8000 | 8258 |
| 6.697% due 01/01/2043 «  | 7200 | 7200 |
| 6.697% due 01/01/2059 «  | 29900 | 29900 |
| **Denton County, Texas Special Assessment Notes, Series 2025**  |  |  |
| 4.250% due 12/31/2030  | 700 | 706 |
| 4.750% due 12/31/2030  | 650 | 655 |
| **Denton Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 08/15/2053 | 14210 | 14642 |
| **Dickinson Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>4.250% due 02/15/2053 | 8075 | 7800 |
| **Everman Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2049 | 4640 | 4372 |
| **Fort Worth, Texas Water & Wastewater System Revenue Bonds, Series 2023** <br>4.250% due 02/15/2053 | 2000 | 1914 |
| **Fort Worth, Texas Water & Wastewater System Revenue Bonds, Series 2024** <br>4.250% due 02/15/2053 | 6940 | 6642 |
| **Grand Parkway Transportation Corp. Texas Revenue Bonds, Series 2020** <br>4.000% due 10/01/2049 | 14235 | 13049 |
| **Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2021** <br>4.000% due 10/01/2042 | 5000 | 4864 |
| **Harris County, Texas General Obligation Bonds, Series 2024** <br>4.000% due 09/15/2049 | 5000 | 4674 |
| **Harris County, Texas Toll Road Revenue Bonds, Series 2024** <br>4.000% due 08/15/2049 | 6500 | 5928 |
| **Houston, Texas Airport System Revenue Bonds, Series 2024**  |  |  |
| 5.500% due 07/15/2035  | 14500 | 15983 |
| 5.500% due 07/15/2036  | 17850 | 19516 |
| 5.500% due 07/15/2037  | 22500 | 24471 |
| 5.500% due 07/15/2039  | 4000 | 4296 |
| **Houston, Texas Airport System Revenue Notes, Series 2024** <br>5.250% due 07/15/2034 | 8700 | 9363 |
| **Humble Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2022** <br>4.000% due 02/15/2052 | 5010 | 4688 |
| **La Vega Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.125% due 02/15/2054 | 6000 | 5672 |
| **Lamar Consolidated Independent School District, Texas General Obligation Bonds, Series 2023** <br>4.000% due 02/15/2048 | 9000 | 8363 |
| **Laredo, Texas Waterworks & Sewer Revenue Bonds, Series 2019** <br>4.000% due 03/01/2044 | 3480 | 3352 |
| **Leander Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 08/15/2055 | 4575 | 4764 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Little Elm Independent School District, Texas General Obligation Bonds, Series 2023** <br>4.250% due 08/15/2053 | 1800 | 1680 |
| **Lower Colorado River Authority, Texas Revenue Bonds, Series 2023** <br>5.250% due 05/15/2048 | 3000 | 3145 |
| **Melissa Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/01/2049 | 5000 | 4671 |
| **Mesquite, Texas Special Assessment Bonds, Series 2025**  |  |  |
| 5.500% due 09/01/2045  | 1050 | 1052 |
| 5.750% due 09/01/2055  | 1300 | 1294 |
| **New Hope Cultural Education Facilities Finance Corp.** <br>4.000% due 07/01/2026 | 50 | 42 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2016**  |  |  |
| 4.000% due 07/01/2031 ^(c)  | 1200 | 936 |
| 4.000% due 07/01/2036 ^  | 2700 | 2437 |
| 4.250% due 07/01/2031  | 670 | 605 |
| 4.250% due 07/01/2036 ^(c)  | 1975 | 1540 |
| 4.750% due 07/01/2051 ^  | 8110 | 6082 |
| 5.000% due 07/01/2031 ^(c)  | 905 | 817 |
| 5.000% due 07/01/2046 ^  | 19430 | 15609 |
| 5.000% due 07/01/2051 ^  | 9485 | 8560 |
| 5.250% due 07/01/2036 ^(c)  | 400 | 200 |
| 5.500% due 07/01/2046 ^(c)  | 2520 | 1260 |
| 5.750% due 07/01/2051 ^(c)  | 1000 | 500 |
| 7.000% due 07/01/2051 ^(c)  | 1450 | 290 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 01/01/2042  | 500 | 500 |
| 5.000% due 01/01/2047  | 1500 | 1466 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2019** <br>5.000% due 12/01/2054 | 250 | 220 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2055  | 1200 | 1168 |
| 5.000% due 11/01/2060  | 2800 | 2698 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Notes, Series 2016**  |  |  |
| 4.000% due 07/01/2026  | 25 | 19 |
| 6.000% due 07/01/2026 ^(c)  | 80 | 16 |
| **North Fort Bend Water Authority, Texas Revenue Bonds, Series 2019** <br>4.000% due 12/15/2044 | 7335 | 6849 |
| **North Texas Municipal Water District Water System Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 09/01/2044  | 2700 | 2872 |
| 5.000% due 09/01/2045  | 5000 | 5281 |
| 5.000% due 09/01/2046  | 4505 | 4734 |
| 5.000% due 09/01/2051  | 10000 | 10397 |
| **Northwest Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2049 | 7225 | 6798 |
| **Pilot Point, Texas Special Assessment Bonds, Series 2025**  |  |  |
| 6.375% due 09/15/2055  | 2800 | 2886 |
| 7.125% due 09/15/2055  | 2142 | 2207 |
| **Princeton, Texas Special Assessment Bonds, Series 2024** <br>5.250% due 09/01/2054 | 750 | 743 |
| **Princeton, Texas Special Assessment Bonds, Series 2025**  |  |  |
| 5.250% due 09/01/2045  | 1205 | 1205 |
| 5.625% due 09/01/2055  | 2380 | 2384 |
| **Rowlett, Texas Special Assessment Bonds, Series 2016** <br>5.750% due 09/15/2036 | 100 | 100 |
| **Royse City Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>5.000% due 02/15/2054 | 2100 | 2164 |
| **San Antonio Water System, Texas Revenue Bonds, Series 2015** <br>4.000% due 05/15/2045 | 6845 | 6384 |
| **Southwest Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>4.000% due 02/01/2043 | 6000 | 5992 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2017** <br>6.750% due 11/15/2052 | 3000 | 3018 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2020** <br>6.875% due 11/15/2055 | 2400 | 2261 |
| **Texas Department of Housing & Community Affairs Revenue Bonds, (GNMA Insured), Series 2025** <br>6.000% due 01/01/2056 | 10000 | 11184 |
| **Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, (BAM Insured), Series 2025** <br>5.500% due 09/01/2055 | 3000 | 3189 |
| **Texas Private Activity Bond Surface Transportation Corp. Revenue Bonds, Series 2019** <br>5.000% due 06/30/2058 | 7450 | 7278 |
| **Texas State University System Revenue Bonds, Series 2024** <br>5.000% due 03/15/2044 | 3000 | 3199 |
| **Texas Transportation Commission Revenue Bonds, Series 2019**  |  |  |
| 0.000% due 08/01/2047 (e)  | 5575 | 1888 |
| 0.000% due 08/01/2051 (e)  | 3450 | 943 |
| **Texas Water Development Board Revenue Bonds, Series 2017** <br>4.000% due 10/15/2047 | 5700 | 5348 |
| **Texas Water Development Board Revenue Bonds, Series 2022** <br>4.800% due 10/15/2052 | 10800 | 10914 |
| **Texas Water Development Board Revenue Bonds, Series 2023** <br>4.875% due 10/15/2048 | 6800 | 6984 |
| **Texas Water Development Board Revenue Bonds, Series 2024**  |  |  |
| 4.250% due 10/15/2051  | 10000 | 9523 |
| 4.375% due 10/15/2054  | 12250 | 11705 |
| 4.375% due 10/15/2059  | 13800 | 12962 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Texas Water Development Board Revenue Bonds, Series 2025** <br>4.500% due 10/15/2045 | 5830 | 5934 |
| **Waxahachie Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2049 | 6500 | 6116 |
|  |  | 530319 |
| **UTAH 0.9%**  |  |  |
| **Downtown Revitalization Public Infrastructure District, Utah Revenue Bonds, (AGC Insured), Series 2025** <br>5.250% due 06/01/2045 | 4700 | 5037 |
| **Mida Cormont Public Infrastructure District, Utah General Obligation Bonds, Series 2025**  |  |  |
| 6.250% due 06/01/2055  | 1700 | 1784 |
| 6.750% due 06/01/2055 (f)  | 4500 | 3832 |
| **Mida Mountain Village Public Infrastructure District, Utah Tax Allocation Bonds, Series 2024**  |  |  |
| 5.125% due 06/15/2054  | 5940 | 5882 |
| 6.000% due 06/15/2054  | 7500 | 7704 |
| **Mida Mountain Village Public Infrastructure District, Utah Tax Allocation Bonds, Series 2025**  |  |  |
| 5.500% due 06/01/2050  | 850 | 852 |
| 5.750% due 06/01/2043 (f)  | 2000 | 1487 |
| 5.750% due 06/01/2060  | 2650 | 2677 |
| **Salt Lake City, Utah Airport Revenue Bonds, (AGM/CR Insured), Series 2021** <br>4.000% due 07/01/2051 | 5500 | 4911 |
| **Salt Lake City, Utah Airport Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 3430 | 3451 |
| **Salt Lake City, Utah Airport Revenue Bonds, Series 2021** <br>5.000% due 07/01/2051 | 10000 | 10088 |
| **UIPA Crossroads Public Infrastructure District, Utah Tax Allocation Bonds, Series 2021** <br>4.375% due 06/01/2052 | 3500 | 3209 |
|  |  | 50914 |
| **VERMONT 0.0%**  |  |  |
| **Vermont Economic Development Authority Revenue Bonds, Series 2022** <br>4.375% due 06/01/2052 | 2000 | 2014 |
| **VIRGINIA 1.0%**  |  |  |
| **Farms New Kent Community Development Authority, Virginia Special Assessment Bonds, Series 2021** <br>3.750% due 03/01/2036 | 3890 | 3765 |
| **Hampton Roads Transportation Accountability Commission, Virginia Revenue Bonds, Series 2022** <br>4.000% due 07/01/2057 | 13000 | 11756 |
| **Henrico County, Virginia Economic Development Authority Revenue Bonds, Series 2025** <br>5.000% due 11/01/2048 | 5000 | 5171 |
| **Lewistown Commerce Center Community Development Authority Revenue Bonds, Virginia Tax Allocation, Series 2014**  |  |  |
| 6.050% due 03/01/2044 ^(c)  | 164 | 113 |
| 6.050% due 03/01/2044  | 154 | 130 |
| 6.050% due 03/01/2054 ^(c)  | 584 | 263 |
| **Peninsula Town Center Community Development Authority, Virginia Special Assessment Bonds, Series 2018** <br>5.000% due 09/01/2045 | 2250 | 2230 |
| **Virginia Beach Development Authority Revenue Bonds, Series 2023** <br>7.000% due 09/01/2059 | 4000 | 4372 |
| **Virginia Housing Development Authority Revenue Bonds, Series 2023** <br>5.150% due 10/01/2053 | 3000 | 3075 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2019**  |  |  |
| 5.500% due 07/01/2044  | 12625 | 10585 |
| 7.500% due 07/01/2052 ^(c)  | 5569 | 3341 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 12/01/2039  | 2000 | 2121 |
| 5.500% due 12/01/2054  | 2500 | 2557 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 06/15/2044  | 2500 | 2619 |
| 5.000% due 06/15/2045  | 2500 | 2593 |
| 5.250% due 06/15/2055  | 4000 | 4135 |
|  |  | 58826 |
| **WASHINGTON 1.8%**  |  |  |
| **Energy Northwest, Washington Revenue Bonds, Series 2025** <br>5.000% due 07/01/2042 | 7000 | 7735 |
| **Seattle, Washington Municipal Light & Power Revenue Bonds, Series 2017** <br>4.000% due 09/01/2047 | 3135 | 2933 |
| **Washington Health Care Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 10/01/2035 | 5885 | 6674 |
| **Washington State Housing Finance Commission Revenue Bonds, (FNMA Insured), Series 2024** <br>4.400% due 03/01/2043 | 13685 | 13588 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 07/01/2038  | 1555 | 1296 |
| 5.000% due 07/01/2048  | 6060 | 4438 |
| 5.000% due 07/01/2053  | 3945 | 2748 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2023** <br>3.375% due 04/20/2037 | 8710 | 8248 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024** <br>4.084% due 03/01/2050 | 14436 | 14168 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2025**  |  |  |
| 3.947% due 11/20/2041  | 25320 | 24304 |
| 6.000% due 01/01/2046  | 8915 | 8911 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.000% due 07/01/2060  | 1000 | 1020 |
| 6.250% due 01/01/2056  | 8000 | 7992 |
| 7.000% due 07/01/2064  | 2200 | 2259 |
|  |  | 106314 |
| **WEST VIRGINIA 1.0%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (e) | 144415 | 13931 |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020**  |  |  |
| 4.006% due 06/01/2040  | 3000 | 2510 |
| 4.875% due 06/01/2049  | 9730 | 9237 |
| **West Virginia Economic Development Authority Revenue Bonds, Series 2025**  |  |  |
| 4.625% due 04/15/2055  | 9000 | 9117 |
| 5.450% due 01/01/2055  | 11620 | 12378 |
| **West Virginia Hospital Finance Authority Revenue Bonds, Series 2023** <br>6.000% due 09/01/2053 | 8600 | 9297 |
|  |  | 56470 |
| **WISCONSIN 3.3%**  |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2017**  |  |  |
| 6.750% due 08/01/2031  | 20000 | 15400 |
| 7.000% due 11/01/2046 ^(c)  | 3500 | 1225 |
| 7.000% due 01/01/2050  | 4750 | 5052 |
| 7.000% due 12/01/2050 «  | 255 | 103 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 03/01/2048  | 5000 | 4247 |
| 6.375% due 01/01/2048 ^(c)  | 8930 | 4019 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2019** <br>5.875% due 10/01/2054 ^(c) | 5230 | 3234 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 01/01/2035 (e)  | 3480 | 2102 |
| 0.000% due 01/01/2060 (e)  | 43000 | 4003 |
| 5.000% due 01/01/2055  | 3500 | 2968 |
| 5.250% due 03/01/2055  | 2500 | 2240 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 09/30/2051  | 9475 | 7852 |
| 5.000% due 07/01/2037  | 500 | 514 |
| 5.000% due 07/01/2039  | 500 | 510 |
| 5.000% due 07/01/2041  | 500 | 502 |
| 5.625% due 06/01/2050  | 5185 | 5154 |
| 6.500% due 06/01/2045  | 1400 | 1253 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 10/01/2052  | 5360 | 4832 |
| 5.000% due 10/01/2052  | 13120 | 13273 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2023** <br>0.000% due 07/01/2062 | 1360 | 1090 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 12/15/2039  | 700 | 708 |
| 5.000% due 12/15/2044  | 400 | 382 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/15/2042  | 750 | 775 |
| 5.250% due 06/01/2045  | 370 | 375 |
| 5.250% due 06/15/2055  | 1000 | 1019 |
| 5.250% due 11/15/2061  | 3000 | 3015 |
| 5.500% due 06/15/2045  | 725 | 727 |
| 5.500% due 06/01/2055  | 600 | 609 |
| 5.500% due 06/15/2055  | 750 | 765 |
| 5.750% due 06/15/2055  | 1000 | 996 |
| 5.750% due 12/31/2065  | 46000 | 47401 |
| **Public Finance Authority, Wisconsin Revenue Notes, Series 2023**  |  |  |
| 0.000% due 09/01/2029 (e)  | 847 | 648 |
| 6.125% due 12/15/2029  | 2051 | 2075 |
| **Public Finance Authority, Wisconsin Revenue Notes, Series 2025**  |  |  |
| 5.000% due 06/01/2030  | 750 | 784 |
| 5.000% due 06/01/2035  | 1175 | 1264 |
| **Wisconsin Center District Revenue Bonds, (AGM Insured), Series 2020** <br>0.000% due 12/15/2050 (e) | 25410 | 7528 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, (AGM Insured), Series 2025** <br>5.000% due 08/15/2048 | 10000 | 10420 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2016** <br>4.000% due 11/15/2046 | 2095 | 1927 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2017** <br>4.000% due 08/15/2047 | 3500 | 3148 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2018** <br>4.500% due 07/01/2043 | 2350 | 2070 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2021** <br>4.000% due 08/15/2041 | 4000 | 3933 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2024** <br>5.875% due 07/01/2055 | 8000 | 8012 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2025**  |  |  |
| 6.000% due 11/15/2045  | 5000 | 4930 |
| 6.375% due 11/15/2060  | 4100 | 4081 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.625% due 07/01/2060  | 4800 | 4995 |
|  |  | 192160 |
| Total Municipal Bonds & Notes (Cost $4,976,882) |  | 4927840 |
| **U.S. GOVERNMENT AGENCIES 3.1%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.600% due 12/01/2040 - 06/01/2043 | 14992 | 13613 |
| 3.700% due 09/01/2038 | 10410 | 9825 |
| 3.720% due 01/01/2041 | 13837 | 12837 |
| 3.790% due 07/01/2040 | 3891 | 3642 |
| 3.800% due 12/01/2038 - 01/01/2040 | 15124 | 14330 |
| 3.850% due 04/01/2039 | 3971 | 3761 |
| 4.000% due 01/01/2039 | 3500 | 3404 |
| 4.100% due 05/01/2038 | 6738 | 6597 |
| 4.250% due 08/01/2038 | 4943 | 4904 |
| 4.400% due 11/01/2040 | 9870 | 9806 |
| 4.500% due 12/01/2040 | 10000 | 10013 |
| 4.600% due 03/01/2041 | 7657 | 7734 |
| 4.900% due 02/01/2040 | 5914 | 6175 |
| 5.210% due 08/01/2040 | 15802 | 16964 |
| 5.360% due 06/01/2039 | 7505 | 8178 |
| **Federal Home Loan Mortgage Corp. Multifamily ML Certificates**  |  |  |
| 2.990% due 04/25/2043 ~ | 8038 | 6948 |
| 3.157% due 01/25/2039 ~ | 24503 | 16474 |
| 3.427% due 01/25/2043 ~ | 12177 | 8210 |
| 4.156% due 05/25/2041 ~ | 5868 | 5804 |
| 5.306% due 01/25/2042 ~ | 12474 | 10228 |
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.625% due 07/15/2040 •  | 4873 | 5015 |
| Total U.S. Government Agencies (Cost $180,936) |  | 184462 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **AM Bidco Holdings LLC «(d)** | 1060 | 0 |
| Total Common Stocks (Cost $0) |  | 0 |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (g) | 11495993 | 11496 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (i) 0.4%** |  | 25600 |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Jeffereson EP Energy** <br>10.000% due 06/30/2026 **«** | $100 | 100 |
| Total Corporate Bonds & Notes (Cost $100) |  | 100 |
| Total Short-Term Instruments (Cost $37,196) |  | 37196 |
| Total Investments in Securities (Cost $5,692,816) |  | 5645013 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 5.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 5.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.4%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 32578347 | 317346 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $317,180) | 317346 |
| Total Investments in Affiliates (Cost $317,180) | 317346 |
| Total Investments 101.2% (Cost $6,009,996) | $5962359 |
| Other Assets and Liabilities, net (1.2)% | (72335) |
| Net Assets 100.0% | $5890024 |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Acquisition<br>Date | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| AM Bidco Operations LLC | AM Bidco Operations LLC | 0.000 | 10/21/2027 | 10/21/2025 | 21845 | 21393 | 21393 | 0.36 | % |
| Bluehouse Commons Apartments | Bluehouse Commons Apartments | 4.120 | 12/01/2042 | 01/09/2025 | 11160 | 11499 | 11499 | 0.20 |  |
| City of Salinas | City of Salinas | 4.020 | 09/01/2033 | 07/26/2023 | 6231 | 6085 | 6085 | 0.10 |  |
| Groves Seniors Apartments 2 | Groves Seniors Apartments 2 | 4.000 | 07/01/2038 | 01/09/2025 | 1154 | 1202 | 1202 | 0.02 |  |
| Groves Seniors Apartments 2 | Groves Seniors Apartments 2 | 4.170 | 06/01/2041 | 01/09/2025 | 6932 | 7175 | 7175 | 0.12 |  |
| Mangini Place Apartments | Mangini Place Apartments | 3.910 | 11/01/2042 | 01/09/2025 | 16108 | 16611 | 16611 | 0.28 |  |
| Northlake Senior Apartments | Northlake Senior Apartments | 3.990 | 10/01/2041 | 01/09/2025 | 17308 | 17904 | 17904 | 0.30 |  |
| Pine Grove Powers Avenue | Pine Grove Powers Avenue | 5.000 | 10/01/2042 | 01/09/2025 | 16750 | 17283 | 17283 | 0.29 |  |
| Valencia Garden | Valencia Garden | 4.020 | 11/01/2041 | 01/09/2025 | 10259 | 10605 | 10605 | 0.18 |  |
| Westchester County, New York Local Development Corp. Revenue Bonds, (AGM Insured), Series 2025 | Westchester County, New York Local Development Corp. Revenue Bonds, (AGM Insured), Series 2025 | 6.500 | 11/01/2055 | 08/25/2025 | 4000 | 4522 | 4522 | 0.08 |  |
| Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025 | Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025 | 7.500 | 11/01/2055 | 08/25/2025 | 11000 | 12085 | 12085 | 0.21 |  |
|  |  |  |  | $ | $ | 126364 | 2.14%  | 2.14%  | 2.14%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(i)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value |  |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | $25600 | 25600 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (26110) | $25600 | $ | $ | 25600 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  | **(26110)** | $**25600** | **$** | **$** | **25600** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

---

------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $0 | 0 | $454872 | 454872 | $ | 454872 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 0 | 17016 | 17016 |  | 17016 |  |
| Industrials | Industrials | 0 | 0 | 0 | 23627 | 23627 | 0 | 0 |  | 23627 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Alabama | Alabama | 0 | 0 | 0 | 226337 | 226337 | 0 | 0 |  | 226337 |  |
| Alaska | Alaska | 0 | 0 | 0 | 21492 | 21492 | 0 | 0 |  | 21492 |  |
| Arizona | Arizona | 0 | 0 | 0 | 37756 | 37756 | 0 | 0 |  | 37756 |  |
| Arkansas | Arkansas | 0 | 0 | 0 | 51183 | 51183 | 0 | 0 |  | 51183 |  |
| California | California | 0 | 0 | 0 | 312437 | 312437 | 0 | 0 |  | 312437 |  |
| Colorado | Colorado | 0 | 0 | 0 | 206061 | 206061 | 0 | 0 |  | 206061 |  |
| Delaware | Delaware | 0 | 0 | 0 | 37017 | 37017 | 0 | 0 |  | 37017 |  |
| District of Columbia | District of Columbia | 0 | 0 | 0 | 30559 | 30559 | 0 | 0 |  | 30559 |  |
| Florida | Florida | 0 | 0 | 0 | 361298 | 361298 | 0 | 0 |  | 361298 |  |
| Georgia | Georgia | 0 | 0 | 0 | 126656 | 126656 | 0 | 0 |  | 126656 |  |
| Guam | Guam | 0 | 0 | 0 | 1518 | 1518 | 0 | 0 |  | 1518 |  |
| Hawaii | Hawaii | 0 | 0 | 0 | 18360 | 18360 | 0 | 0 |  | 18360 |  |
| Idaho | Idaho | 0 | 0 | 0 | 28670 | 28670 | 0 | 0 |  | 28670 |  |
| Illinois | Illinois | 0 | 0 | 0 | 301698 | 301698 | 0 | 0 |  | 301698 |  |
| Indiana | Indiana | 0 | 0 | 0 | 93433 | 93433 | 0 | 0 |  | 93433 |  |
| Iowa | Iowa | 0 | 0 | 0 | 29314 | 29314 | 0 | 0 |  | 29314 |  |
| Kansas | Kansas | 0 | 0 | 0 | 13649 | 13649 | 0 | 0 |  | 13649 |  |
| Kentucky | Kentucky | 0 | 0 | 0 | 28079 | 28079 | 0 | 0 |  | 28079 |  |
| Louisiana | Louisiana | 0 | 0 | 0 | 43377 | 43377 | 0 | 0 |  | 43377 |  |
| Maine | Maine | 0 | 0 | 0 | 3026 | 3026 | 0 | 0 |  | 3026 |  |
| Maryland | Maryland | 0 | 0 | 0 | 16332 | 16332 | 0 | 0 |  | 16332 |  |
| Massachusetts | Massachusetts | 0 | 0 | 0 | 95524 | 95524 | 0 | 0 |  | 95524 |  |
| Michigan | Michigan | 0 | 0 | 0 | 103217 | 103217 | 0 | 0 |  | 103217 |  |
| Minnesota | Minnesota | 0 | 0 | 0 | 12816 | 12816 | 0 | 0 |  | 12816 |  |
| Mississippi | Mississippi | 0 | 0 | 0 | 747 | 747 | 0 | 0 |  | 747 |  |
| Missouri | Missouri | 0 | 0 | 0 | 13972 | 13972 | 0 | 0 |  | 13972 |  |
| Montana | Montana | 0 | 0 | 0 | 100 | 100 | 0 | 0 |  | 100 |  |
| Multi-State | Multi-State | 0 | 0 | 0 | 124309 | 124309 | 0 | 0 |  | 124309 |  |
| Nebraska | Nebraska | 0 | 0 | 0 | 11989 | 11989 | 0 | 0 |  | 11989 |  |
| Nevada | Nevada | 0 | 0 | 0 | 8786 | 8786 | 0 | 0 |  | 8786 |  |
| New Hampshire | New Hampshire | 0 | 0 | 0 | 82756 | 82756 | 0 | 0 |  | 82756 |  |
| New Jersey | New Jersey | 0 | 0 | 0 | 64364 | 64364 | 0 | 0 |  | 64364 |  |
| New York | New York | 0 | 0 | 0 | 444851 | 444851 | 0 | 0 |  | 444851 |  |
| North Carolina | North Carolina | 0 | 0 | 0 | 8108 | 8108 | 0 | 0 |  | 8108 |  |
| Ohio | Ohio | 0 | 0 | 0 | 238237 | 238237 | 0 | 0 |  | 238237 |  |
| Oklahoma | Oklahoma | 0 | 0 | 0 | 35495 | 35495 | 0 | 0 |  | 35495 |  |
| Oregon | Oregon | 0 | 0 | 0 | 7338 | 7338 | 0 | 0 |  | 7338 |  |
| Pennsylvania | Pennsylvania | 0 | 0 | 0 | 177079 | 177079 | 0 | 0 |  | 177079 |  |
| Puerto Rico | Puerto Rico | 0 | 0 | 0 | 369921 | 369921 | 0 | 0 |  | 369921 |  |
| Rhode Island | Rhode Island | 0 | 0 | 0 | 29269 | 29269 | 0 | 0 |  | 29269 |  |
| South Carolina | South Carolina | 0 | 0 | 0 | 52131 | 52131 | 0 | 0 |  | 52131 |  |
| Tennessee | Tennessee | 0 | 0 | 0 | 61562 | 61562 | 0 | 0 |  | 61562 |  |
| Texas | Texas | 0 | 0 | 0 | 493219 | 493219 | 37100 | 37100 |  | 530319 |  |
| Utah | Utah | 0 | 0 | 0 | 50914 | 50914 | 0 | 0 |  | 50914 |  |
| Vermont | Vermont | 0 | 0 | 0 | 2014 | 2014 | 0 | 0 |  | 2014 |  |
| Virginia | Virginia | 0 | 0 | 0 | 58826 | 58826 | 0 | 0 |  | 58826 |  |
| Washington | Washington | 0 | 0 | 0 | 106314 | 106314 | 0 | 0 |  | 106314 |  |
| West Virginia | West Virginia | 0 | 0 | 0 | 56470 | 56470 | 0 | 0 |  | 56470 |  |
| Wisconsin | Wisconsin | 0 | 0 | 0 | 192057 | 192057 | 103 | 103 |  | 192160 |  |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 184462 | 184462 | 0 | 0 |  | 184462 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | 0 | 0 | 0 | 11496 | 11496 | 0 | 0 |  | 11496 |  |
| Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 25600 | 25600 | 0 | 0 |  | 25600 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 0 | 100 | 100 |  | 100 |  |
|  |  | $0 | 0 | 0 | $5135822 | 5135822 | $509191 | 509191 | $ | 5645013 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $317346 | 317346 | 317346 | $0 | 0 | $0 | 0 | $ | 317346 |  |
| Total Investments | Total Investments | $317346 | 317346 | 317346 | $5135822 | 5135822 | $509191 | 509191 | $ | 5962359 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $ | 1040 | $ | $ | (613) | $0 | 0 | $0 | 0 | $454872 | $(589) |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |

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------

<br> Schedule of Investments PIMCO High Yield Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Banking & Finance |  | 18237 | 0 |  |  | (254) | 7 | 6 | (980) | 0 | 0 | 17016 |  | (1023) |
| Municipal Bonds & Notes | Municipal Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Texas |  | 0 | 37100 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 37100 |  | 0 |
|  | Wisconsin |  | 0 | 103 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 103 |  | 0 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
|  | Corporate Bonds & Notes |  | 0 | 100 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 100 |  | 0 |
| Totals | Totals | $116676 | 116676 | 394766 | $ | $ | $(1856) | $1047 | $151 | $(1593) | $0 | 0 | 509191 | $ | (1612) |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $153161 | 153161 | 153161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.870 - 8.360  | 4.870 - 8.360  | 5.892 | 5.892 |
|  |  |  |  | 301711 | 301711 | 301711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 82.578 - 100.513  | 82.578 - 100.513  | 98.829 | 98.829 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
|  | Banking & Finance | Banking & Finance | Banking & Finance | 17016 | 17016 | 17016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.170 - 23.405  | 7.170 - 23.405  | 19.752  | 19.752  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
|  | Texas | Texas | Texas | 37100 | 37100 | 37100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | —  | —  |
|  | Wisconsin | Wisconsin | Wisconsin | 103 | 103 | 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 40.250  | 40.250  | —  | —  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 100 | 100 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 |  |  |
| Total | Total | Total | Total | $509191 | 509191 | 509191 |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 96.3% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 7.1%**  |  |  |
| **Altice France SA**<br>10.860% (TSFR3M + 6.875%) due 05/31/2031 ~ | $535 | $536 |
| **American Airlines, Inc.**<br>6.134% - 8.448% (TSFR3M + 2.250%) due 04/20/2028 ~ | 259 | 260 |
| **American Axle & Manufacturing, Inc.**<br>TBD% due 02/24/2032 | 500 | 501 |
| **Aspire Bakeries Holdings LLC**<br>7.221% (TSFR1M + 3.500%) due 12/23/2030 ~ | 496 | 500 |
| **AthenaHealth Group, Inc.**<br>6.466% - 7.831% (TSFR1M + 2.750%) due 02/15/2029 ~ | 295 | 296 |
| **Barnes Group, Inc.**<br>6.466% - 7.831% (TSFR1M + 2.750%) due 01/27/2032 ~ | 454 | 455 |
| **Clearwater Analytics LLC**<br>6.210% - 8.272% (TSFR6M + 2.000%) due 04/21/2032 ~ | 798 | 799 |
| **Clover Holdings 2 LLC**  |  |  |
| TBD% - 10.448% due 12/10/2029 ~µ | 198 | 196 |
| 7.522% (TSFR1M + 3.750%) due 12/09/2031 ~ | 1393 | 1396 |
| **Cotiviti Corp.**  |  |  |
| 6.623% - 7.716% (TSFR1M + 2.750%) due 05/01/2031 ~ | 887 | 854 |
| 6.623% - 7.716% (TSFR1M + 2.750%) due 03/26/2032 ~ | 299 | 287 |
| **Cyberswift U.S. Finco LLC**<br>7.905% (TSFR3M + 4.000%) due 10/08/2032 ~ | 500 | 500 |
| **Envision Healthcare Corp.**  |  |  |
| 11.862% (TSFR3M + 7.875%) due 07/20/2026 «~ | 104 | 104 |
| 11.862% (TSFR3M + 7.875%) due 11/03/2028 «~ | 422 | 434 |
| **Finastra USA, Inc.**  |  |  |
| 7.723% (TSFR3M + 4.000%) due 09/15/2032 ~ | 1300 | 1275 |
| 10.723% (TSFR3M + 7.000%) due 09/15/2033 ~ | 200 | 196 |
| **Frontier Communications Corp.**<br>6.236% - 8.199% (TSFR1M + 2.500%) due 07/01/2031 ~ | 297 | 298 |
| **Galaxy U.S. Opco, Inc.(5.840% Cash)**<br>5.840% (TSFR3M + 2.000%) due 07/31/2030 ~ | 500 | 482 |
| **Global Medical Response, Inc.**<br>7.384% (TSFR3M + 3.500%) due 10/01/2032 ~ | 500 | 504 |
| **Golden State Foods LLC**<br>7.672% (TSFR3M + 4.000%) due 12/04/2031 ~ | 469 | 473 |
| **INEOS Quattro Holdings U.K. Ltd.**<br>8.066% (TSFR1M + 4.250%) due 04/02/2029 ~ | 198 | 141 |
| **INEOS U.S. Finance LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 02/18/2030 ~ | 584 | 475 |
| **ION Platform Finance U.S., Inc.**<br>7.422% (TSFR3M + 3.750%) due 10/07/2032 ~ | 800 | 753 |
| **Kaseya, Inc.**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 03/20/2032 ~ | 796 | 798 |
| **Level 3 Financing, Inc.**  |  |  |
| 6.966% - 7.384% (TSFR1M + 3.250%) due 03/29/2032 ~ | 650 | 653 |
| **McAfee LLC**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 03/01/2029 ~ | 796 | 737 |
| **MH Sub I LLC**<br>7.966% (TSFR1M + 4.250%) due 12/31/2031 ~ | 990 | 852 |
| **Modena Buyer LLC**<br>8.090% (TSFR3M + 4.250%) due 07/01/2031 ~ | 204 | 203 |
| **MPH Acquisition Holdings LLC**<br>7.590% (TSFR3M + 3.750%) due 12/31/2030 ~ | 44 | 45 |
| **Neptune Bidco U.S., Inc.**<br>9.027% (TSFR3M + 5.000%) due 04/11/2029 ~ | 648 | 643 |
| **Newfold Digital Holdings Grp Inc.**  |  |  |
| 7.384% (TSFR1M + 3.500%) due 04/30/2029 ~ | 480 | 388 |
| 9.488% (TSFR3M + 5.750%) due 04/30/2029 ~ | 81 | 76 |
| **OCS Group Holdings Ltd.**<br>9.719% due 11/28/2031 ~ | 1000 | 1351 |
| **Ontario Gaming GTA LP**<br>7.922% (TSFR3M + 4.250%) due 08/01/2030 ~ | $549 | 509 |
| **Paradigm Parent LLC**<br>8.172% (TSFR3M + 4.500%) due 04/16/2032 ~ | 1197 | 1057 |
| **Peraton Corp.**<br>7.690% (TSFR3M + 3.750%) due 02/01/2028 ~ | 800 | 744 |
| **Petco Health & Wellness Co., Inc.**<br>7.184% - 7.198% (TSFR3M + 3.250%) due 03/03/2028 ~ | 484 | 480 |
| **Primo Brands Corp.**<br>5.922% - 9.100% (TSFR3M + 2.250%) due 03/31/2028 ~ | 490 | 492 |
| **Qnity Electronics, Inc.**<br>5.804% - 9.234% (TSFR6M + 2.000%) due 11/01/2032 ~ | 600 | 603 |

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<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **QualityTech LP**<br>7.284% (TSFR1M + 3.500%) due 10/30/2031 ~ | 993 | 996 |
| **QuidelOrtho Corp.**<br>7.716% (TSFR1M + 4.000%) due 08/20/2032 ~ | 998 | 998 |
| **Rockpoint Gas Storage Partners LP**<br>6.172% (TSFR3M + 2.500%) due 09/18/2031 ~ | 394 | 397 |
| **Specialty Building Products Holdings LLC**<br>7.566% (TSFR1M + 3.750%) due 10/16/2028 ~ | 544 | 509 |
| **Spirit Airlines, Inc.**  |  |  |
| TBD% due 07/14/2026 | 18 | 18 |
| TBD% - 19.000% due 12/09/2034 ~ | 91 | 78 |
| TBD% (TSFR1M + 8.000%) due 07/14/2026 ~ | 8 | 8 |
| TBD% - 19.000% (TSFR1M + 8.000%) due 12/09/2034 ~ | 34 | 34 |
| **Stepstone Group MidCo 2 GmbH**<br>6.599% - 7.723% (EUR006M + 4.500%) due 04/26/2032 ~ | 525 | 585 |
| **Stonepeak Bayou Holdings LP**<br>6.422% - 7.934% (TSFR3M + 2.750%) due 10/01/2032 ~ | $500 | 454 |
| **Subcalidora 2**<br>7.769% (EUR003M + 5.750%) due 08/14/2029 «~ | 1000 | 1181 |
| **TK Elevator Midco GmbH**<br>6.947% - 7.384% (TSFR6M + 2.750%) due 04/30/2030 ~ | $447 | 450 |
| **TransDigm, Inc.**  |  |  |
| 6.216% - 8.272% (TSFR1M + 2.500%) due 02/28/2031 ~ | 936 | 940 |
| 6.216% - 8.272% (TSFR1M + 2.500%) due 08/19/2032 ~ | 499 | 501 |
| **Transnet SOC Ltd.**<br>11.125% due 03/02/2028 «~ | 13571 | 822 |
| **Trident TPI Holdings, Inc.**<br>7.422% (TSFR3M + 3.750%) due 09/15/2028 ~ | $1495 | 1439 |
| **U.S. Renal Care, Inc.**  |  |  |
| TBD% - 9.868% due 09/25/2030 «~µ | 125 | 124 |
| 8.831% (TSFR1M + 5.000%) due 06/28/2028 ~ | 790 | 746 |
| TBD% - 9.868% (TSFR3M + 6.000%) due 09/25/2030 «~ | 1000 | 980 |
| **VEON Amsterdam BV**<br>8.206% (TSFR3M + 4.250%) due 03/25/2027 «~ | 900 | 900 |
| **Veritiv Corp.**<br>7.672% (TSFR3M + 4.000%) due 12/02/2030 ~ | 520 | 520 |
| **Vista Management Holding, Inc.**<br>7.735% (TSFR3M + 3.750%) due 04/01/2031 ~ | 446 | 450 |
| **Vistra Zero Operating Co. LLC**<br>5.716% - 9.340% (TSFR1M + 2.000%) due 04/30/2031 ~ | 448 | 444 |
| **X Corp.**<br>10.448% (TSFR3M + 6.500%) due 10/26/2029 ~ | 990 | 975 |
| Total Loan Participations and Assignments (Cost $35,777) |  | 35895 |
| **CORPORATE BONDS & NOTES 76.9%**  |  |  |
| **BANKING & FINANCE 14.1%**  |  |  |
| **Alexandrite Lake Lux Holdings SARL** <br>6.750% due 07/30/2030 | 200 | 239 |
| **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer**  |  |  |
| 7.000% due 01/15/2031  | $1850 | 1921 |
| 7.375% due 10/01/2032  | 350 | 363 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp.** <br>6.000% due 06/01/2029 | 100 | 99 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL**  |  |  |
| 3.625% due 06/01/2028  | 600 | 701 |
| 4.625% due 06/01/2028  | $1100 | 1086 |
| **Ally Financial, Inc.** <br>8.000% due 11/01/2031 | 100 | 114 |
| **Asurion LLC & Asurion Co-Issuer, Inc.** <br>8.000% due 12/31/2032 | 1600 | 1661 |
| **Atrium Finance PLC** <br>2.625% due 09/05/2027 | 375 | 417 |
| **Banca Monte dei Paschi di Siena SpA**  |  |  |
| 7.708% due 01/18/2028 •  | 750 | 957 |
| 10.500% due 07/23/2029  | 200 | 287 |
| **Barclays PLC** <br>9.625% due 12/15/2029 •(f)(g) | $700 | 796 |
| **Boost Newco Borrower LLC** <br>7.500% due 01/15/2031 | 1300 | 1382 |
| **Brandywine Operating Partnership LP** <br>8.875% due 04/12/2029 | 200 | 216 |
| **Bread Financial Holdings, Inc.** <br>6.750% due 05/15/2031 | 600 | 622 |
| **Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC** <br>5.750% due 05/15/2026 | 261 | 260 |
| **Burford Capital Global Finance LLC**  |  |  |
| 6.875% due 04/15/2030  | 1100 | 1077 |
| 7.500% due 07/15/2033  | 700 | 669 |
| **Canary Wharf Group Investment Holdings PLC** <br>3.375% due 04/23/2028 | 500 | 637 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | $300 | 319 |

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<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Castellum AB** <br>3.125% due 12/02/2026 •(f) | 1100 | 1273 |
| **CrossCountry Intermediate HoldCo LLC** <br>6.500% due 10/01/2030 | $500 | 511 |
| **Diversified Healthcare Trust** <br>7.250% due 10/15/2030 | 600 | 614 |
| **EF Holdco/EF Cayman Holdings/Ellington Financial REIT Cayman/TRS/EF Cayman Non-MTM** <br>7.375% due 09/30/2030 | 900 | 908 |
| **Encore Capital Group, Inc.**  |  |  |
| 4.250% due 06/01/2028  | 750 | 974 |
| 6.625% due 04/15/2031  | $500 | 503 |
| 8.500% due 05/15/2030  | 1200 | 1291 |
| 9.250% due 04/01/2029  | 500 | 527 |
| **Essendi SA**  |  |  |
| 5.375% due 05/15/2030  | 300 | 363 |
| 5.500% due 11/15/2031  | 400 | 483 |
| 6.375% due 10/15/2029  | 100 | 124 |
| **Ford Motor Credit Co. LLC** <br>5.918% due 03/20/2028 | $1175 | 1203 |
| **Freedom Mortgage Corp.** <br>6.625% due 01/15/2027 | 600 | 604 |
| **Freedom Mortgage Holdings LLC**  |  |  |
| 8.375% due 04/01/2032  | 350 | 369 |
| 9.125% due 05/15/2031  | 700 | 753 |
| **FS KKR Capital Corp.**  |  |  |
| 3.125% due 10/12/2028  | 800 | 738 |
| 6.125% due 01/15/2031  | 900 | 879 |
| **FTAI Aviation Investors LLC** <br>5.500% due 05/01/2028 | 1450 | 1454 |
| **GGAM Finance Ltd.** <br>8.000% due 02/15/2027 | 300 | 307 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 250 | 260 |
| **HAT Holdings I LLC/HAT Holdings II LLC**  |  |  |
| 3.750% due 09/15/2030  | 400 | 371 |
| 8.000% due 06/15/2027  | 156 | 162 |
| **Hudson Pacific Properties LP** <br>3.950% due 11/01/2027 | 325 | 312 |
| **Icahn Enterprises LP/Icahn Enterprises Finance Corp.**  |  |  |
| 5.250% due 05/15/2027  | 300 | 296 |
| 9.000% due 06/15/2030  | 300 | 287 |
| **ICBC Standard Bank PLC** <br>20.000% due 12/13/2029 « | 5910000 | 492 |
| **ION Platform Finance U.S., Inc.** <br>7.875% due 09/30/2032 | $2025 | 1924 |
| **ION Platform Finance U.S., Inc./ION Platform Finance SARL** <br>8.750% due 05/01/2029 | 500 | 507 |
| **Jane Street Group/JSG Finance, Inc.**  |  |  |
| 6.750% due 05/01/2033  | 1600 | 1671 |
| 7.125% due 04/30/2031  | 1500 | 1577 |
| **Jefferson Capital Holdings LLC** <br>8.250% due 05/15/2030 | 500 | 526 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>4.750% due 06/15/2029 | 600 | 594 |
| **Liberty Mutual Group, Inc.** <br>4.300% due 02/01/2061 | 375 | 250 |
| **Midcap Financial Issuer Trust** <br>6.500% due 05/01/2028 | 125 | 125 |
| **Millrose Properties, Inc.** <br>6.375% due 08/01/2030 | 450 | 461 |
| **MPT Operating Partnership LP/MPT Finance Corp.** <br>8.500% due 02/15/2032 | 375 | 401 |
| **Nature Coast Re Ltd.** <br>13.371% (GSMMUSTI + 9.750%) due 04/10/2033 ~ | 250 | 260 |
| **Navient Corp.** <br>9.375% due 07/25/2030 | 300 | 334 |
| **New Immo Holding SA**  |  |  |
| 3.250% due 07/23/2027  | 500 | 588 |
| 4.875% due 12/08/2028  | 1200 | 1432 |
| 6.000% due 03/22/2029  | 1000 | 1226 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | $650 | 698 |
| **Nissan Motor Acceptance Co. LLC** <br>2.750% due 03/09/2028 | 625 | 594 |
| **OneMain Finance Corp.**  |  |  |
| 3.875% due 09/15/2028  | 500 | 488 |
| 4.000% due 09/15/2030  | 500 | 471 |
| 5.375% due 11/15/2029  | 1000 | 1001 |
| 6.125% due 05/15/2030  | 500 | 511 |
| 6.625% due 01/15/2028  | 600 | 618 |
| 6.750% due 09/15/2033  | 900 | 912 |
| 7.500% due 05/15/2031  | 475 | 500 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 800 | 618 |
| **Panther Escrow Issuer LLC** <br>7.125% due 06/01/2031 | 1400 | 1452 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer** <br>4.875% due 05/15/2029 | 500 | 489 |
| **Pebblebrook Hotel LP/PEB Finance Corp.** <br>6.375% due 10/15/2029 | 875 | 899 |
| **PennyMac Financial Services, Inc.**  |  |  |
| 5.750% due 09/15/2031  | 300 | 303 |
| 6.875% due 05/15/2032  | 750 | 786 |
| 7.875% due 12/15/2029  | 600 | 639 |
| **Rfna LP** <br>7.875% due 02/15/2030 | 500 | 511 |
| **RHP Hotel Properties LP/RHP Finance Corp.** <br>4.500% due 02/15/2029 | 1100 | 1090 |
| **Rocket Cos., Inc.**  |  |  |
| 6.125% due 08/01/2030  | 2075 | 2146 |
| 6.500% due 08/01/2029  | 400 | 413 |
| 7.125% due 02/01/2032  | 100 | 105 |
| **Samhallsbyggnadsbolaget I Norden Holding AB**  |  |  |
| 0.750% due 11/14/2028 (j)  | 1300 | 1298 |
| 1.125% due 09/26/2029  | 450 | 436 |
| **SBA Communications Corp.** <br>3.125% due 02/01/2029 | $600 | 574 |
| **Service Properties Trust**  |  |  |
| 0.000% due 09/30/2028 (e)  | 800 | 724 |
| 8.375% due 06/15/2029  | 350 | 352 |
| **SLM Corp.**  |  |  |
| 3.125% due 11/02/2026  | 1050 | 1033 |
| 6.500% due 01/31/2030  | 975 | 1011 |
| **Starwood Property Trust, Inc.**  |  |  |
| 5.250% due 10/15/2028  | 400 | 404 |
| 5.750% due 01/15/2031  | 600 | 607 |
| 6.500% due 07/01/2030  | 375 | 392 |
| 6.500% due 10/15/2030  | 600 | 626 |
| 7.250% due 04/01/2029  | 325 | 344 |
| **Sunrise FinCo I BV** <br>4.875% due 07/15/2031 | 600 | 572 |
| **Titanium 2l Bondco SARL** <br>6.250% due 01/14/2031 | 971 | 210 |
| **UBS Group AG** <br>9.250% due 11/13/2028 •(f)(g) | $100 | 110 |
| **UniCredit SpA** <br>5.459% due 06/30/2035 •  | 1875 | 1912 |
| **USI, Inc.** <br>7.500% due 01/15/2032 | 600 | 630 |
| **UWM Holdings LLC** <br>6.250% due 03/15/2031 | 800 | 799 |
| **VFH Parent LLC/Valor Co-Issuer, Inc.** <br>7.500% due 06/15/2031 | 280 | 294 |
| **Winston RE Ltd.** <br>10.130% (BNMMDTSC + 6.500%) due 02/21/2028 ~ | 250 | 258 |
| **WULF Compute LLC** <br>7.750% due 10/15/2030 | 450 | 464 |
| **ZF Finance GmbH** <br>2.750% due 05/25/2027 | 1400 | 1636 |
|  |  | 71687 |
| **INDUSTRIALS 59.4%**  |  |  |
| **1011778 BC ULC/New Red Finance, Inc.**  |  |  |
| 3.875% due 01/15/2028  | $1000 | 987 |
| 4.000% due 10/15/2030  | 4650 | 4434 |
| **1261229 BC Ltd.** <br>10.000% due 04/15/2032 | 1700 | 1769 |
| **ADT Security Corp.** <br>4.875% due 07/15/2032 | 400 | 388 |
| **Advance Auto Parts, Inc.** <br>7.000% due 08/01/2030 | 1900 | 1917 |
| **Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC** <br>3.500% due 03/15/2029 | 1025 | 986 |
| **Albion Financing 1 SARL/Aggreko Holdings, Inc.** <br>7.000% due 05/21/2030 | 2275 | 2384 |
| **Allison Transmission, Inc.** <br>3.750% due 01/30/2031 | 475 | 448 |
| **Allwyn Entertainment Financing U.K. PLC** <br>7.875% due 04/30/2029 | 1054 | 1098 |
| **Altice France Lux 3/Altice Holdings 1** <br>10.000% due 01/15/2033 | 480 | 441 |
| **Altice France SA**  |  |  |
| 5.375% due 04/15/2032  | 270 | 298 |
| 6.500% due 10/15/2031  | $385 | 366 |
| 6.500% due 04/15/2032  | 1194 | 1145 |
| 6.875% due 10/15/2030  | 616 | 598 |
| 9.500% due 11/01/2029  | 2509 | 2592 |
| **Amer Sports Co.** <br>6.750% due 02/16/2031 | 875 | 918 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.**  |  |  |
| 5.500% due 04/20/2026  | 283 | 284 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.750% due 04/20/2029  | 900 | 917 |
| **American Axle & Manufacturing, Inc.** <br>6.375% due 10/15/2032 | 400 | 408 |
| **American Builders & Contractors Supply Co., Inc.**  |  |  |
| 3.875% due 11/15/2029  | 700 | 675 |
| 4.000% due 01/15/2028  | 700 | 696 |
| **ams-OSRAM AG**  |  |  |
| 10.500% due 03/30/2029  | 600 | 737 |
| 12.250% due 03/30/2029  | $325 | 347 |
| **Apache Corp.** <br>4.875% due 11/15/2027 | 1000 | 986 |
| **Ardagh Group SA (4.500% Cash or 7.500% PIK)** <br>12.000% due 12/01/2030 (a) | 400 | 432 |
| **Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC**  |  |  |
| 2.000% due 09/01/2028  | 800 | 915 |
| 6.250% due 01/30/2031  | $500 | 512 |
| **Ascent Resources Utica Holdings LLC/ARU Finance Corp.**  |  |  |
| 5.875% due 06/30/2029  | 400 | 403 |
| 6.625% due 10/15/2032  | 100 | 104 |
| **Aston Martin Capital Holdings Ltd.**  |  |  |
| 10.000% due 03/31/2029  | 400 | 373 |
| 10.375% due 03/31/2029  | 300 | 370 |
| **AthenaHealth Group, Inc.** <br>6.500% due 02/15/2030 | $1000 | 998 |
| **ATS Corp.** <br>4.125% due 12/15/2028 | 525 | 514 |
| **Avis Budget Car Rental LLC/Avis Budget Finance, Inc.** <br>4.750% due 04/01/2028 | 400 | 392 |
| **Avis Budget Finance PLC** <br>7.000% due 02/28/2029 | 200 | 242 |
| **Axalta Coating Systems LLC** <br>3.375% due 02/15/2029 | $1525 | 1472 |
| **Axon Enterprise, Inc.** <br>6.125% due 03/15/2030 | 1125 | 1164 |
| **B&G Foods, Inc.** <br>8.000% due 09/15/2028 | 1350 | 1330 |
| **Ball Corp.** <br>2.875% due 08/15/2030 | 2450 | 2267 |
| **Bausch & Lomb Corp.** <br>8.375% due 10/01/2028 | 400 | 418 |
| **Bausch Health Cos., Inc.**  |  |  |
| 4.875% due 06/01/2028  | 75 | 67 |
| 5.000% due 01/30/2028  | 300 | 263 |
| 11.000% due 09/30/2028  | 289 | 300 |
| **Bayer AG**  |  |  |
| 5.375% due 03/25/2082 •  | 600 | 725 |
| 7.000% due 09/25/2083 •  | 100 | 129 |
| **BCP V Modular Services Finance II PLC** <br>4.750% due 11/30/2028 | 700 | 780 |
| **BCP V Modular Services Finance PLC** <br>6.750% due 11/30/2029 | 925 | 849 |
| **Beacon Mobility Corp.** <br>7.250% due 08/01/2030 | $1400 | 1465 |
| **Bellis Acquisition Co. PLC** <br>8.125% due 05/14/2030 | 600 | 754 |
| **Belron U.K. Finance PLC** <br>4.625% due 10/15/2029 | 50 | 61 |
| **BKV Upstream Midstream LLC** <br>7.500% due 10/15/2030 | $1000 | 1018 |
| **Block, Inc.**  |  |  |
| 3.500% due 06/01/2031  | 2750 | 2587 |
| 5.625% due 08/15/2030  | 500 | 510 |
| 6.000% due 08/15/2033  | 250 | 257 |
| 6.500% due 05/15/2032  | 1475 | 1535 |
| **Builders FirstSource, Inc.**  |  |  |
| 4.250% due 02/01/2032  | 1400 | 1334 |
| 5.000% due 03/01/2030  | 1075 | 1073 |
| **BWX Technologies, Inc.** <br>4.125% due 06/30/2028 | 475 | 470 |
| **CAB SELAS** <br>3.375% due 02/01/2028 | 1025 | 1174 |
| **Cablevision Lightpath LLC** <br>5.625% due 09/15/2028 | $175 | 172 |
| **Camelot Finance SA** <br>4.500% due 11/01/2026 | 122 | 121 |
| **Carnival Corp.**  |  |  |
| 4.000% due 08/01/2028  | 1400 | 1380 |
| 5.125% due 05/01/2029  | 600 | 607 |
| 5.750% due 03/15/2030  | 700 | 720 |
| 5.750% due 08/01/2032  | 1000 | 1028 |
| 5.875% due 06/15/2031  | 500 | 517 |
| **Carnival PLC** <br>1.000% due 10/28/2029 | 1000 | 1096 |
| **Carvana Co.**  |  |  |
| 9.000% due 06/01/2030  | $345 | 362 |
| 9.000% due 06/01/2031  | 470 | 531 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CCO Holdings LLC/CCO Holdings Capital Corp.**  |  |  |
| 4.500% due 08/15/2030  | 2350 | 2214 |
| 4.500% due 05/01/2032  | 1125 | 1010 |
| 4.500% due 06/01/2033  | 500 | 438 |
| 5.125% due 05/01/2027  | 2000 | 1998 |
| 5.375% due 06/01/2029  | 400 | 396 |
| **CD&R Firefly Bidco PLC** <br>8.625% due 04/30/2029 | 500 | 708 |
| **Celanese U.S. Holdings LLC** <br>6.500% due 04/15/2030 | $700 | 704 |
| **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** <br>8.000% due 06/15/2029 | 400 | 348 |
| **Century Communities, Inc.** <br>6.625% due 09/15/2033 | 300 | 304 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 1750 | 1818 |
| **Cerved Group SpA** <br>6.000% due 02/15/2029 | 50 | 55 |
| **Cheplapharm Arzneimittel GmbH** <br>4.375% due 01/15/2028 | 1650 | 1932 |
| **Chord Energy Corp.**  |  |  |
| 6.000% due 10/01/2030  | $600 | 610 |
| 6.750% due 03/15/2033  | 1375 | 1423 |
| **CHS/Community Health Systems, Inc.**  |  |  |
| 4.750% due 02/15/2031  | 800 | 713 |
| 6.000% due 01/15/2029  | 500 | 502 |
| 6.875% due 04/15/2029  | 450 | 401 |
| 9.750% due 01/15/2034  | 631 | 664 |
| 10.875% due 01/15/2032  | 180 | 197 |
| **Churchill Downs, Inc.** <br>5.750% due 04/01/2030 | 650 | 657 |
| **Cidron Aida Finco SARL** <br>7.000% due 10/27/2031 | 400 | 487 |
| **Cipher Compute LLC** <br>7.125% due 11/15/2030 | $400 | 408 |
| **Cirsa Finance International SARL**  |  |  |
| 4.875% due 10/15/2031  | 500 | 604 |
| 5.100% (EUR003M + 3.000%) due 10/15/2032 ~  | 500 | 593 |
| **CITGO Petroleum Corp.** <br>8.375% due 01/15/2029 | $400 | 417 |
| **Civitas Resources, Inc.**  |  |  |
| 8.375% due 07/01/2028  | 375 | 387 |
| 9.625% due 06/15/2033  | 475 | 513 |
| **Clarivate Science Holdings Corp.** <br>3.875% due 07/01/2028 | 500 | 486 |
| **Clear Channel Outdoor Holdings, Inc.** <br>7.750% due 04/15/2028 | 300 | 300 |
| **Cloud Software Group, Inc.**  |  |  |
| 6.500% due 03/31/2029  | 700 | 710 |
| 8.250% due 06/30/2032  | 400 | 418 |
| 9.000% due 09/30/2029  | 700 | 730 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| 6.625% due 04/15/2029  | 300 | 306 |
| 6.750% due 04/15/2032  | 550 | 566 |
| 6.875% due 01/15/2030  | 300 | 308 |
| 8.750% due 04/15/2030  | 1350 | 1373 |
| **CMA CGM SA**  |  |  |
| 5.000% due 01/15/2031  | 750 | 883 |
| 5.500% due 07/15/2029  | 450 | 549 |
| **Cogent Communications Group LLC/Cogent Finance, Inc.**  |  |  |
| 6.500% due 07/01/2032  | $1100 | 1030 |
| 7.000% due 06/15/2027  | 300 | 301 |
| **CommScope LLC** <br>4.750% due 09/01/2029 | 200 | 200 |
| **CommScope Technologies LLC** <br>5.000% due 03/15/2027 | 175 | 175 |
| **Comstock Resources, Inc.** <br>5.875% due 01/15/2030 | 675 | 657 |
| **CoreWeave, Inc.**  |  |  |
| 9.000% due 02/01/2031  | 1550 | 1423 |
| 9.250% due 06/01/2030  | 550 | 512 |
| **CP Atlas Buyer, Inc.** <br>9.750% due 07/15/2030 | 250 | 259 |
| **CQP Holdco LP/BIP-V Chinook Holdco LLC** <br>5.500% due 06/15/2031 | 1400 | 1386 |
| **Crescent Energy Finance LLC** <br>7.625% due 04/01/2032 | 900 | 873 |
| **Crocs, Inc.** <br>4.125% due 08/15/2031 | 250 | 232 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | 975 | 936 |
| **CSC Holdings LLC**  |  |  |
| 4.125% due 12/01/2030  | 800 | 491 |
| 4.500% due 11/15/2031  | 400 | 245 |
| 5.375% due 02/01/2028  | 175 | 127 |
| 5.500% due 04/15/2027  | 375 | 322 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.750% due 01/15/2030  | 1125 | 417 |
| 7.500% due 04/01/2028  | 350 | 204 |
| 11.750% due 01/31/2029  | 975 | 725 |
| **CTEC II GmbH** <br>5.250% due 02/15/2030 (j) | 575 | 634 |
| **Czechoslovak Group AS** <br>6.500% due 01/10/2031 | $700 | 720 |
| **DaVita, Inc.** <br>4.625% due 06/01/2030 | 400 | 389 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 650 | 669 |
| **Diamond Foreign Asset Co./Diamond Finance LLC** <br>8.500% due 10/01/2030 | 1750 | 1860 |
| **Directv Financing LLC/Directv Financing Co-Obligor, Inc.**  |  |  |
| 5.875% due 08/15/2027  | 369 | 371 |
| 10.000% due 02/15/2031  | 650 | 665 |
| **DISH DBS Corp.**  |  |  |
| 5.125% due 06/01/2029  | 350 | 311 |
| 5.250% due 12/01/2026  | 1000 | 971 |
| 5.750% due 12/01/2028  | 550 | 540 |
| 7.375% due 07/01/2028  | 450 | 435 |
| 7.750% due 07/01/2026  | 400 | 395 |
| **Diversified Gas & Oil Corp.** <br>9.750% due 04/09/2029 | 250 | 246 |
| **Dream Finders Homes, Inc.** <br>6.875% due 09/15/2030 | 400 | 403 |
| **EchoStar Corp.** <br>10.750% due 11/30/2029 | 1875 | 2075 |
| **Efesto Bidco SpA Efesto U.S. LLC** <br>7.500% due 02/15/2032 | 1200 | 1215 |
| **Elanco Animal Health, Inc.** <br>6.650% due 08/28/2028 | 575 | 602 |
| **Ellucian Holdings, Inc.** <br>6.500% due 12/01/2029 | 1200 | 1227 |
| **Ephios Subco 3 SARL** <br>7.875% due 01/31/2031 | 700 | 880 |
| **Eramet SA**  |  |  |
| 6.500% due 11/30/2029 (j)  | 1300 | 1520 |
| 7.000% due 05/22/2028  | 300 | 359 |
| **EW Scripps Co.** <br>9.875% due 08/15/2030 | $500 | 500 |
| **Excelerate Energy LP** <br>8.000% due 05/15/2030 | 475 | 504 |
| **Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.** <br>6.750% due 01/15/2030 | 750 | 714 |
| **Fibercop SpA** <br>4.750% due 06/30/2030 | 1100 | 1318 |
| **Fiesta Purchaser, Inc.** <br>9.625% due 09/15/2032 | $100 | 105 |
| **First Student Bidco, Inc./First Transit Parent, Inc.** <br>4.000% due 07/31/2029 | 1250 | 1219 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 1300 | 1520 |
| **Fortescue Treasury Pty. Ltd.** <br>4.375% due 04/01/2031 | $532 | 515 |
| **Froneri Lux FinCo SARL** <br>4.750% due 08/01/2032 | 400 | 475 |
| **Frontier Communications Holdings LLC**  |  |  |
| 5.875% due 10/15/2027  | $400 | 402 |
| 6.750% due 05/01/2029  | 300 | 302 |
| **Full House Resorts, Inc.** <br>8.250% due 02/15/2028 | 200 | 175 |
| **Gap, Inc.** <br>3.625% due 10/01/2029 | 200 | 190 |
| **Global Medical Response, Inc.** <br>7.375% due 10/01/2032 | 700 | 729 |
| **Global Partners LP/GLP Finance Corp.** <br>8.250% due 01/15/2032 | 350 | 370 |
| **goeasy Ltd.**  |  |  |
| 7.375% due 10/01/2030  | 425 | 409 |
| 7.625% due 07/01/2029  | 900 | 891 |
| 9.250% due 12/01/2028  | 1000 | 1029 |
| **Graham Packaging Co., Inc.** <br>7.125% due 08/15/2028 | 800 | 802 |
| **Gray Media, Inc.**  |  |  |
| 5.375% due 11/15/2031  | 575 | 432 |
| 7.250% due 08/15/2033  | 400 | 409 |
| 9.625% due 07/15/2032  | 825 | 857 |
| 10.500% due 07/15/2029  | 270 | 291 |
| **Griffon Corp.** <br>5.750% due 03/01/2028 | 200 | 200 |
| **Grifols SA**  |  |  |
| 2.250% due 11/15/2027  | 100 | 117 |
| 3.875% due 10/15/2028  | 800 | 933 |
| 7.500% due 05/01/2030 (i)  | 750 | 928 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Grupo Antolin Irausa SA**  |  |  |
| 3.500% due 04/30/2028  | 400 | 348 |
| 10.375% due 01/30/2030  | 600 | 520 |
| **HealthEquity, Inc.** <br>4.500% due 10/01/2029 | $1075 | 1057 |
| **Heathrow Finance PLC**  |  |  |
| 3.875% due 03/01/2027 þ  | 825 | 1092 |
| 4.125% due 09/01/2029 þ  | 200 | 254 |
| **High Ridge** <br>8.875% due 03/15/2049 ^«(b) | $1750 | 29 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.625% due 02/15/2032  | 1550 | 1440 |
| 3.750% due 05/01/2029  | 525 | 512 |
| **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** <br>5.000% due 06/01/2029 | 500 | 486 |
| **Hologic, Inc.** <br>3.250% due 02/15/2029 | 1477 | 1457 |
| **Howard Midstream Energy Partners LLC**  |  |  |
| 6.625% due 01/15/2034  | 1150 | 1182 |
| 7.375% due 07/15/2032  | 225 | 238 |
| **Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC** <br>9.000% due 02/15/2029 | 300 | 315 |
| **Illuminate Buyer LLC/Illuminate Holdings IV, Inc.** <br>9.000% due 07/01/2028 | 87 | 88 |
| **IMA Industria Macchine Automatiche SpA** <br>3.750% due 01/15/2028 | 300 | 353 |
| **Imola Merger Corp.** <br>4.750% due 05/15/2029 | $800 | 790 |
| **Incora Intermediate II LLC (0.500% PIK)** <br>0.500% due 01/31/2030 «(a) | 236 | 236 |
| **Incora Top Holdco LLC** <br>6.000% due 01/30/2033 «(i) | 167 | 260 |
| **INEOS Finance PLC** <br>5.625% due 08/15/2030 (j) | 725 | 724 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | $1625 | 1589 |
| **Installed Building Products, Inc.** <br>5.750% due 02/01/2028 | 800 | 804 |
| **Intralot Capital Luxembourg SA** <br>6.750% due 10/15/2031 | 1700 | 1993 |
| **Inversion Escrow Issuer LLC** <br>6.750% due 08/01/2032 | $775 | 775 |
| **IPD 3 BV** <br>5.475% due 06/15/2031 •  | 400 | 474 |
| **IQVIA, Inc.** <br>2.250% due 01/15/2028 | 1500 | 1736 |
| **Italmatch Chemicals SpA** <br>10.000% due 02/06/2028 | 500 | 613 |
| **Jazz Securities DAC** <br>4.375% due 01/15/2029 | $300 | 296 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 | 1525 | 1538 |
| **KBR, Inc.** <br>4.750% due 09/30/2028 | 800 | 788 |
| **Kinetik Holdings LP** <br>6.625% due 12/15/2028 | 650 | 670 |
| **Kodiak Gas Services LLC**  |  |  |
| 6.500% due 10/01/2033  | 400 | 409 |
| 6.750% due 10/01/2035  | 400 | 411 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 1075 | 1066 |
| **Lamar Media Corp.** <br>4.000% due 02/15/2030 | 400 | 388 |
| **LBM Acquisition LLC** <br>9.500% due 06/15/2031 | 600 | 626 |
| **Level 3 Financing, Inc.**  |  |  |
| 7.000% due 03/31/2034  | 900 | 928 |
| 8.500% due 01/15/2036  | 500 | 513 |
| **LifePoint Health, Inc.**  |  |  |
| 5.375% due 01/15/2029  | 200 | 197 |
| 10.000% due 06/01/2032  | 700 | 744 |
| 11.000% due 10/15/2030  | 50 | 55 |
| **Lion/Polaris Lux 4 SA** <br>5.641% (EUR003M + 3.625%) due 07/01/2029 ~ | 600 | 715 |
| **Lithia Motors, Inc.**  |  |  |
| 4.375% due 01/15/2031  | $475 | 457 |
| 5.500% due 10/01/2030  | 500 | 504 |
| **Live Nation Entertainment, Inc.** <br>3.750% due 01/15/2028 | 1700 | 1676 |
| **Loarre Investments SARL** <br>6.500% due 05/15/2029 | 1350 | 1634 |
| **Lottomatica Group SpA** <br>4.875% due 01/31/2031 | 300 | 364 |
| **Madison IAQ LLC** <br>5.875% due 06/30/2029 | $200 | 199 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mahle GmbH** <br>2.375% due 05/14/2028 | 700 | 802 |
| **MajorDrive Holdings IV LLC** <br>6.375% due 06/01/2029 | $75 | 54 |
| **Manuchar Group SARL** <br>7.100% due 07/07/2032 •  | 450 | 508 |
| **Matador Resources Co.**  |  |  |
| 6.250% due 04/15/2033  | $450 | 452 |
| 6.500% due 04/15/2032  | 400 | 406 |
| **Match Group Holdings II LLC** <br>6.125% due 09/15/2033 | 525 | 532 |
| **Mauser Packaging Solutions Holding Co.** <br>7.875% due 04/15/2030 | 700 | 695 |
| **McGraw-Hill Education, Inc.** <br>7.375% due 09/01/2031 | 600 | 633 |
| **Medline Borrower LP** <br>3.875% due 04/01/2029 | 1500 | 1466 |
| **Medline Borrower LP/Medline Co-Issuer, Inc.** <br>6.250% due 04/01/2029 | 400 | 414 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** <br>7.375% due 02/15/2031 | 675 | 602 |
| **MGM Resorts International** <br>4.625% due 09/01/2026 | 500 | 500 |
| **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** <br>4.875% due 05/01/2029 | 500 | 492 |
| **Miller Homes Group Finco PLC** <br>7.000% due 05/15/2029 | 625 | 851 |
| **Mineral Resources Ltd.** <br>9.250% due 10/01/2028 | $400 | 420 |
| **Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC** <br>6.750% due 04/01/2032 | 250 | 256 |
| **Molina Healthcare, Inc.** <br>3.875% due 11/15/2030 | 1175 | 1091 |
| **Moss Creek Resources Holdings, Inc.** <br>8.250% due 09/01/2031 | 325 | 311 |
| **Motion Finco SARL**  |  |  |
| 7.375% due 06/15/2030  | 600 | 642 |
| 8.375% due 02/15/2032  | $400 | 360 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 | 135 | 118 |
| **MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)** <br>11.500% due 12/31/2030 (a) | 72 | 76 |
| **Murphy Oil USA, Inc.** <br>3.750% due 02/15/2031 | 600 | 564 |
| **Nabors Industries, Inc.** <br>7.625% due 11/15/2032 | 1100 | 1082 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 | 1100 | 1107 |
| **NCL Corp. Ltd.** <br>5.875% due 01/15/2031 | 500 | 498 |
| **NCR Atleos Corp.** <br>9.500% due 04/01/2029 | 250 | 271 |
| **NCR Voyix Corp.**  |  |  |
| 5.125% due 04/15/2029  | 775 | 772 |
| 5.250% due 10/01/2030  | 200 | 193 |
| **Newell Brands, Inc.** <br>8.500% due 06/01/2028 | 650 | 682 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 04/30/2029 | 962 | 759 |
| **Nidda Healthcare Holding GmbH** <br>5.625% due 02/21/2030 | 800 | 967 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 4.345% due 09/17/2027  | $1550 | 1530 |
| 8.125% due 07/17/2035  | 1800 | 1914 |
| **Noble Finance II LLC** <br>8.000% due 04/15/2030 | 1800 | 1871 |
| **Nordstrom, Inc.** <br>5.000% due 01/15/2044 | 300 | 226 |
| **Northriver Midstream Finance LP** <br>6.750% due 07/15/2032 | 600 | 612 |
| **Novelis Corp.**  |  |  |
| 6.375% due 08/15/2033  | 800 | 812 |
| 6.875% due 01/30/2030  | 575 | 597 |
| **Novelis Sheet Ingot GmbH** <br>3.375% due 04/15/2029 | 450 | 518 |
| **NuStar Logistics LP** <br>6.375% due 10/01/2030 | $500 | 527 |
| **Ocado Group PLC** <br>10.500% due 08/08/2029 | 300 | 408 |
| **Odfjell Rig III Ltd.** <br>7.250% due 03/08/2031 | $600 | 610 |
| **Odido Group Holding BV** <br>5.500% due 01/15/2030 | 200 | 237 |
| **Olympus Water U.S. Holding Corp.**  |  |  |
| 4.250% due 10/01/2028  | $1250 | 1214 |
| 5.375% due 10/01/2029 (j)  | 500 | 549 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.250% due 06/15/2031  | $500 | 514 |
| **Organon & Co./Organon Foreign Debt Co-Issuer BV** <br>4.125% due 04/30/2028 | 800 | 783 |
| **Paramount Global** <br>4.375% due 03/15/2043 | 200 | 139 |
| **Park River Holdings, Inc.** <br>8.750% due 12/31/2030 | 169 | 167 |
| **Performance Food Group, Inc.** <br>4.250% due 08/01/2029 | 1225 | 1202 |
| **Permian Resources Operating LLC**  |  |  |
| 6.250% due 02/01/2033  | 250 | 257 |
| 7.000% due 01/15/2032  | 450 | 471 |
| **PetSmart LLC/PetSmart Finance Corp.** <br>7.500% due 09/15/2032 | 25 | 25 |
| **Picard Groupe SAS** <br>6.375% due 07/01/2029 | 400 | 492 |
| **Pinnacle Bidco PLC** <br>8.250% due 10/11/2028 | 1600 | 1972 |
| **Post Holdings, Inc.**  |  |  |
| 4.625% due 04/15/2030  | $1800 | 1754 |
| 6.250% due 10/15/2034  | 600 | 604 |
| 6.500% due 03/15/2036  | 500 | 501 |
| **Prime Healthcare Services, Inc.** <br>9.375% due 09/01/2029 | 350 | 368 |
| **Prime Security Services Borrower LLC/Prime Finance, Inc.** <br>3.375% due 08/31/2027 | 1900 | 1865 |
| **Primo Water Holdings, Inc./Triton Water Holdings, Inc.**  |  |  |
| 4.375% due 04/30/2029  | 1325 | 1291 |
| 6.250% due 04/01/2029  | 500 | 504 |
| **Qnity Electronics, Inc.** <br>5.750% due 08/15/2032 | 600 | 614 |
| **Quikrete Holdings, Inc.**  |  |  |
| 6.375% due 03/01/2032  | 1450 | 1510 |
| 6.750% due 03/01/2033  | 700 | 731 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 1400 | 1463 |
| **Rakuten Group, Inc.** <br>9.750% due 04/15/2029 | 575 | 644 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 625 | 645 |
| **ROBLOX Corp.** <br>3.875% due 05/01/2030 | 200 | 192 |
| **Rossini SARL** <br>6.750% due 12/31/2029 | 100 | 124 |
| **Royal Caribbean Cruises Ltd.**  |  |  |
| 5.500% due 04/01/2028  | $450 | 458 |
| 5.625% due 09/30/2031  | 600 | 614 |
| **SCIL IV LLC/SCIL USA Holdings LLC** <br>9.500% due 07/15/2028 | 300 | 372 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | $800 | 833 |
| **Seagate Data Storage Technology Pte. Ltd.**  |  |  |
| 4.125% due 01/15/2031  | 553 | 528 |
| 5.750% due 12/01/2034  | 1100 | 1130 |
| 9.625% due 12/01/2032  | 358 | 406 |
| **Service Corp. International** <br>3.375% due 08/15/2030 | 1000 | 936 |
| **Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.** <br>6.750% due 08/15/2032 | 100 | 103 |
| **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed** <br>4.625% due 03/01/2029 | 2050 | 1977 |
| **Sirius XM Radio LLC**  |  |  |
| 3.875% due 09/01/2031  | 400 | 369 |
| 4.000% due 07/15/2028  | 750 | 734 |
| 4.125% due 07/01/2030  | 800 | 761 |
| **SM Energy Co.** <br>6.750% due 08/01/2029 | 450 | 454 |
| **Snap, Inc.**  |  |  |
| 6.875% due 03/01/2033  | 1650 | 1711 |
| 6.875% due 03/15/2034  | 800 | 824 |
| **SoftBank Group Corp.**  |  |  |
| 5.000% due 04/15/2028  | 1125 | 1347 |
| 7.250% due 07/10/2032  | $500 | 507 |
| **Specialty Building Products Holdings LLC/SBP Finance Corp.** <br>7.750% due 10/15/2029 | 250 | 244 |
| **Spirit AeroSystems, Inc.** <br>4.600% due 06/15/2028 | 500 | 501 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 975 | 952 |
| **Standard Industries, Inc.** <br>3.375% due 01/15/2031 | 1000 | 919 |
| **Staples, Inc.**  |  |  |
| 10.750% due 09/01/2029  | 300 | 299 |
| 12.750% due 01/15/2030  | 300 | 252 |
| **Star Parent, Inc.** <br>9.000% due 10/01/2030 | 450 | 481 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Station Casinos LLC**  |  |  |
| 4.500% due 02/15/2028  | 425 | 422 |
| 4.625% due 12/01/2031  | 725 | 688 |
| **Stonepeak Nile Parent LLC** <br>7.250% due 03/15/2032 | 1325 | 1404 |
| **Sunoco LP** <br>5.625% due 03/15/2031 | 1100 | 1109 |
| **Surgery Center Holdings, Inc.** <br>7.250% due 04/15/2032 | 500 | 506 |
| **TeamSystem SpA**  |  |  |
| 5.000% due 07/01/2031  | 200 | 238 |
| 5.276% due 07/01/2032 •  | 675 | 799 |
| 5.526% due 07/31/2031 •  | 400 | 475 |
| **Tenet Healthcare Corp.** <br>4.250% due 06/01/2029 | $700 | 690 |
| **TGNR Intermediate Holdings LLC** <br>5.500% due 10/15/2029 | 25 | 25 |
| **TGS ASA** <br>8.500% due 01/15/2030 | 700 | 734 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 300 | 466 |
| **Tidewater, Inc.** <br>9.125% due 07/15/2030 | $475 | 510 |
| **TK Elevator Midco GmbH** <br>4.375% due 07/15/2027 | 541 | 640 |
| **Topaz Solar Farms LLC** <br>5.750% due 09/30/2039 | $264 | 265 |
| **TopBuild Corp.** <br>3.625% due 03/15/2029 | 1725 | 1672 |
| **Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC** <br>9.500% due 05/15/2030 | 1300 | 1299 |
| **TransDigm, Inc.**  |  |  |
| 6.000% due 01/15/2033  | 400 | 410 |
| 6.750% due 01/31/2034  | 1000 | 1042 |
| 6.875% due 12/15/2030  | 625 | 654 |
| **Transocean Aquila Ltd.** <br>8.000% due 09/30/2028 | 362 | 372 |
| **Transocean International Ltd.**  |  |  |
| 7.875% due 10/15/2032  | 1000 | 1049 |
| 8.750% due 02/15/2030  | 375 | 392 |
| **Transocean Titan Financing Ltd.** <br>8.375% due 02/01/2028 | 405 | 414 |
| **Travel & Leisure Co.** <br>6.625% due 07/31/2026 | 475 | 480 |
| **Trivium Packaging Finance BV** <br>8.250% due 07/15/2030 | 1305 | 1400 |
| **Twilio, Inc.**  |  |  |
| 3.625% due 03/15/2029  | 725 | 702 |
| 3.875% due 03/15/2031  | 300 | 287 |
| **U.S. Acute Care Solutions LLC** <br>9.750% due 05/15/2029 | 125 | 126 |
| **U.S. Foods, Inc.** <br>4.625% due 06/01/2030 | 275 | 272 |
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 210 | 180 |
| **Ubisoft Entertainment SA** <br>0.878% due 11/24/2027 (j) | 1000 | 1083 |
| **UKG, Inc.** <br>6.875% due 02/01/2031 | $1275 | 1312 |
| **United Rentals North America, Inc.** <br>3.750% due 01/15/2032 | 2600 | 2447 |
| **Univision Communications, Inc.**  |  |  |
| 4.500% due 05/01/2029  | 1550 | 1490 |
| 8.500% due 07/31/2031  | 825 | 863 |
| **USA Compression Partners LP/USA Compression Finance Corp.** <br>7.125% due 03/15/2029 | 350 | 362 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 2150 | 2238 |
| **Valvoline, Inc.** <br>3.625% due 06/15/2031 | 675 | 621 |
| **Var Energi ASA** <br>7.862% due 11/15/2083 •  | 300 | 388 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | $300 | 281 |
| 3.875% due 11/01/2033  | 1850 | 1587 |
| 4.125% due 08/15/2031  | 800 | 729 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 2700 | 2600 |
| 8.125% due 06/01/2028  | 900 | 912 |
| 9.500% due 02/01/2029  | 100 | 104 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 500 | 509 |
| 6.500% due 01/15/2034  | 2250 | 2306 |
| 7.500% due 05/01/2033  | 525 | 568 |
| **Versant Media Group, Inc.** <br>7.250% due 01/30/2031 | 1000 | 1032 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Vertiv Group Corp.** <br>4.125% due 11/15/2028 | 1800 | 1779 |
| **Viavi Solutions, Inc.** <br>3.750% due 10/01/2029 | 275 | 263 |
| **Virgin Media Secured Finance PLC**  |  |  |
| 4.125% due 08/15/2030  | 575 | 697 |
| 4.250% due 01/15/2030  | 2050 | 2546 |
| **Virgin Media Vendor Financing Notes III DAC** <br>4.875% due 07/15/2028 | 500 | 659 |
| **VistaJet Malta Finance PLC/Vista Management Holding, Inc.** <br>6.375% due 02/01/2030 | $850 | 810 |
| **Vital Energy, Inc.** <br>7.875% due 04/15/2032 | 250 | 246 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 4.500% due 07/15/2031  | 1400 | 1681 |
| 4.750% due 07/15/2031  | $2225 | 2056 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 700 | 700 |
| **Voyager Parent LLC** <br>9.250% due 07/01/2032 | 475 | 504 |
| **VZ Secured Financing BV**  |  |  |
| 5.000% due 01/15/2032  | 2175 | 1970 |
| 7.500% due 01/15/2033  | 1600 | 1622 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 4.279% due 03/15/2032  | 2125 | 1868 |
| 5.050% due 03/15/2042  | 850 | 600 |
| **Wayfair LLC** <br>6.750% due 11/15/2032 | 500 | 515 |
| **WBI Operating LLC**  |  |  |
| 6.250% due 10/15/2030  | 500 | 503 |
| 6.500% due 10/15/2033  | 600 | 598 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 1450 | 1486 |
| **Whirlpool Corp.** <br>6.125% due 06/15/2030 | 300 | 300 |
| **Windstream Services LLC/Windstream Escrow Finance Corp.** <br>8.250% due 10/01/2031 | 550 | 578 |
| **Worldline SA** <br>0.875% due 06/30/2027 | 300 | 321 |
| **WR Grace Holdings LLC**  |  |  |
| 5.625% due 08/15/2029  | $600 | 573 |
| 6.625% due 08/15/2032  | 650 | 659 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 1000 | 1004 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.**  |  |  |
| 5.125% due 10/01/2029  | 600 | 604 |
| 7.125% due 02/15/2031  | 300 | 325 |
| **Yinson Boronia Production BV** <br>8.947% due 07/31/2042 | 613 | 669 |
| **Yum! Brands, Inc.**  |  |  |
| 5.375% due 04/01/2032  | 325 | 329 |
| 6.875% due 11/15/2037  | 350 | 387 |
| **Zayo Group Holdings, Inc. (5.750% Cash and 0.500% PIK)** <br>6.250% due 03/09/2030 (a) | 597 | 568 |
| **ZF Finance GmbH** <br>3.750% due 09/21/2028 | 300 | 348 |
| **ZF North America Capital, Inc.** <br>7.500% due 03/24/2031 | $600 | 607 |
| **Ziggo BV** <br>4.875% due 01/15/2030 | 1400 | 1325 |
| **ZipRecruiter, Inc.** <br>5.000% due 01/15/2030 | 600 | 472 |
|  |  | 301692 |
| **UTILITIES 3.4%**  |  |  |
| **Aethon United BR LP/Aethon United Finance Corp.** <br>7.500% due 10/01/2029 | 525 | 550 |
| **Altice Holdings 1 SARL** <br>0.010% due 12/31/2099 « | 2 | 33 |
| **Calpine Corp.** <br>3.750% due 03/01/2031 | $400 | 387 |
| **Clearway Energy Operating LLC** <br>3.750% due 02/15/2031 | 1300 | 1219 |
| **ContourGlobal Power Holdings SA**  |  |  |
| 5.000% due 02/28/2030  | 700 | 845 |
| 6.750% due 02/28/2030  | $525 | 542 |
| **Electricite de France SA**  |  |  |
| 5.000% due 01/22/2026 •(f)  | 1700 | 2003 |
| 9.125% due 03/15/2033 •(f)  | $500 | 583 |
| **FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple** <br>7.250% due 01/31/2041 | 198 | 209 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 900 | 888 |
| **Genesis Energy LP/Genesis Energy Finance Corp.** <br>7.875% due 05/15/2032 | 825 | 861 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Hawaiian Electric Co., Inc.** <br>6.000% due 10/01/2033 | 500 | 507 |
| **Hilcorp Energy I LP/Hilcorp Finance Co.** <br>6.875% due 05/15/2034 | 375 | 352 |
| **iliad SA** <br>4.250% due 12/15/2029 | 1600 | 1930 |
| **Southern California Edison Co.** <br>5.200% due 06/01/2034 | $500 | 503 |
| **Telefonica Europe BV** <br>6.135% due 02/03/2030 •(f) | 400 | 503 |
| **TerraForm Power Operating LLC** <br>5.000% due 01/31/2028 | $300 | 300 |
| **TransAlta Corp.** <br>6.500% due 03/15/2040 | 100 | 100 |
| **TXNM Energy, Inc.** <br>7.000% due 07/31/2056 •  | 600 | 598 |
| **Veon Midco BV** <br>3.375% due 11/25/2027 | 1100 | 1046 |
| **Vodafone Group PLC**  |  |  |
| 5.125% due 06/04/2081 •  | 500 | 393 |
| 7.000% due 04/04/2079 •  | 950 | 1007 |
| **VoltaGrid LLC** <br>7.375% due 11/01/2030 | 500 | 496 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 1200 | 1259 |
|  |  | 17114 |
| Total Corporate Bonds & Notes (Cost $380,471) |  | 390493 |
| **CONVERTIBLE BONDS & NOTES 0.2%**  |  |  |
| **INDUSTRIALS 0.2%**  |  |  |
| **ams-OSRAM AG** <br>2.125% due 11/03/2027 | 900 | 1009 |
| Total Convertible Bonds & Notes (Cost $869) |  | 1009 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **ARIZONA 0.1%**  |  |  |
| **Maricopa County, Arizona Industrial Development Authority Revenue Notes, Series 2024** <br>7.375% due 10/01/2029 | $400 | 420 |
| Total Municipal Bonds & Notes (Cost $400) |  | 420 |
| **U.S. TREASURY OBLIGATIONS 3.8%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 4.000% due 03/31/2030 | 3375 | 3418 |
| 4.500% due 12/31/2031 (l) | 5450 | 5641 |
| 4.625% due 02/15/2035 | 9800 | 10175 |
| Total U.S. Treasury Obligations (Cost $18,892) |  | 19234 |
| **SOVEREIGN ISSUES 5.4%**  |  |  |
| **Bundesobligation** <br>2.100% due 04/12/2029 | 11200 | 13090 |
| **Bundesrepublik Deutschland Bundesanleihe**  |  |  |
| 2.500% due 02/15/2035  | 5700 | 6528 |
| 2.600% due 08/15/2034  | 925 | 1072 |
| **Canada Government Bonds** <br>3.500% due 09/01/2029 | 3900 | 2907 |
| **Turkiye Government Bonds** <br>38.324% (BISTREFI + 0.000%) due 09/06/2028 ~ | 13000 | 302 |
| **U.K. Gilts** <br>4.250% due 07/31/2034 | 2800 | 3731 |
| Total Sovereign Issues (Cost $26,195) |  | 27630 |
|  | SHARES |  |
| **COMMON STOCKS 0.4%**  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |
| **Clear Channel Outdoor Holdings, Inc. (c)** | 51501 | 114 |
| **SES SA «(c)** | 28420 | 441 |
|  |  | 555 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Desarrolladora Homex SAB de CV «(c)** | 294527 | 0 |

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------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **HEALTH CARE 0.2%**  |  |  |
| **AmSurg Corp. «(c)(i)** | 3438 | 155 |
| **Healogics, Inc. «(c)** | 44931 | 917 |
|  |  | 1072 |
| **INDUSTRIALS 0.1%**  |  |  |
| **CHC Group LLC «(c)** | 3887 | 0 |
| **Incora New Equity «(c)(i)** | 7427 | 288 |
| **Luxco Co. Ltd. «(c)(i)** | 10800 | 190 |
| **Spirit Aviation Holdings, Inc. (c)** | 8196 | 2 |
|  |  | 480 |
| Total Common Stocks (Cost $6,266) |  | 2107 |
| **WARRANTS 0.0%**  |  |  |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Revlon Group Holdings LLC - Exp. 04/28/2028 «** | 3087 | 0 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Spirit Aviation Holdings, Inc. - Exp. 03/11/2035 «** | 9316 | 1 |
| Total Warrants (Cost $315) |  | 1 |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **ADLER Group SA** « | 173624 | 0 |
| Total Preferred Securities (Cost $0) |  | 0 |
| **SHORT-TERM INSTRUMENTS 2.4%**  |  |  |
| **MUTUAL FUNDS 0.4%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (h) | 1779549 | 1780 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 2.0%**  |  |  |
| 3.727% due 01/06/2026 - 04/02/2026 (d)(e)(n) | $10200 | 10156 |
| Total Short-Term Instruments (Cost $11,935) |  | 11936 |
| Total Investments in Securities (Cost $481,121) |  | 488725 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 1.8%**  |  |  |
| **SHORT-TERM INSTRUMENTS 1.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.8%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 956488 | 9317 |
| Total Short-Term Instruments (Cost $9,315) |  | 9317 |
| Total Investments in Affiliates (Cost $9,315) |  | 9317 |
| Total Investments 98.1% (Cost $490,436) |  | $498042 |
| **Financial Derivative Instruments (k)(m) (0.3)**%(Cost or Premiums, net $5,436) |  | (1365) |
| Other Assets and Liabilities, net 2.2% |  | 11268 |
| Net Assets 100.0% |  | $507945 |

---

------

<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(h)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(i)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| AmSurg Corp. | AmSurg Corp. | AmSurg Corp. | 11/02/2023 - 11/06/2023 | 11/02/2023 - 11/06/2023 | 144 | 144 | 155 | 155 | 0.03 |
| Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 | 08/01/2025 | 08/01/2025 | 909 | 909 | 928 | 928 | 0.18 |
| Incora New Equity | Incora New Equity | Incora New Equity | 01/31/2025 | 01/31/2025 | 361 | 361 | 288 | 288 | 0.06 |
| Incora Top Holdco LLC6.000% due 01/30/2033 | Incora Top Holdco LLC6.000% due 01/30/2033 | Incora Top Holdco LLC6.000% due 01/30/2033 | 01/31/2025 - 11/03/2025 | 01/31/2025 - 11/03/2025 | 167 | 167 | 260 | 260 | 0.05 |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | 10/01/2025 | 10/01/2025 | 190 | 190 | 190 | 190 | 0.04 |
|  |  |  |  | $ | 1771 | $ | 1821 | 0.36%  | 0.36%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | (2.000)%  | 11/26/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (629) | (629) | (740) | (740) |
|  |  | 0.000  | 11/28/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (181) | (181) | (212) | (212) |
|  |  | 1.400  | 09/24/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (159) | (159) | (188) | (188) |
| BRC | BRC | (1.000)  | 10/28/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (528) | (528) | (620) | (620) |
|  |  | 1.500  | 09/30/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (934) | (934) | (1102) | (1102) |
| MYI | MYI | (0.100)  | 10/28/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (472) | (472) | (555) | (555) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(3417)** | **(3417)** |
| **(j)** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,376 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(770) at a weighted average interest rate of 3.605%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

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<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| Bombardier, Inc.  | Bombardier, Inc.  | 5.000% | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 0.409 | 0.409 | % | % | $800 | (6) | $ | 78 | $ | 72 | 1 | $ | 0 |
| Calpine Corp.  | Calpine Corp.  | 5.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.439 | 0.439 |  |  | 500 | 39 |  | 26 |  | 65 | 0 |  | 0 |
| Charter Communications  | Charter Communications  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 2.703 | 2.703 |  |  | 500 | 50 |  | 0 |  | 50 | 0 |  | 0 |
| Ford Motor Credit Co. LLC  | Ford Motor Credit Co. LLC  | 5.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 0.857 | 0.857 |  |  | 500 | 50 |  | (10) |  | 40 | 0 |  | 0 |
| Ford Motor Credit Co. LLC  | Ford Motor Credit Co. LLC  | 5.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.992 | 0.992 |  |  | 550 | 45 |  | 8 |  | 53 | 0 |  | 0 |
| Royal Caribbean Cruises Ltd.  | Royal Caribbean Cruises Ltd.  | 5.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.477 | 0.477 |  |  | 300 | (7) |  | 40 |  | 33 | 0 |  | 0 |
| Worldline SA/France  | Worldline SA/France  | 5.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 11.085 | 11.085 |  |  | 1100 | (165) |  | (12) |  | (177) | 6 |  | 0 |
| Worldline SA/France  | Worldline SA/France  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 10.384 | 10.384 |  |  | 600 | (112) |  | (8) |  | (120) | 3 |  | 0 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 2.897 | 2.897 |  |  | 700 | 54 |  | 9 |  | 63 | 3 |  | 0 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 3.148 | 3.148 |  |  | 675 | 14 |  | 45 |  | 59 | 3 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | (38) | $ | 176 | $ | 138 | 16 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | 5.000% | 5.000% | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | $ | $ | 8800 | 604 | $ | 78 | $ | 682 | 0 | $ | (5) |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | 5.000 | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  |  | 1700 | 129 |  | 8 |  | 137 | 0 |  | (1) |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  |  | 49800 | 3793 |  | 78 |  | 3871 | 0 |  | (20) |
|  |  |  |  |  |  |  |  |  |  |  |  | 4526 | $ | 164 | $ | 4690 | 0 | $ | (26) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | Annual | Annual | 09/17/2030 | 09/17/2030 | GBP | 3500 | $25 | 25 | $(6) | (6) | 19 | $4 | 4 | $0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2027 | 06/18/2027 | $ | 5900 | (52) | (52) | 11 | 11 | (41) | 0 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2028 | 06/18/2028 |  | 12475 | (78) | (78) | (10) | (10) | (88) | 0 | 0 | (9) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2030 | 06/18/2030 |  | 10475 | (36) | (36) | (98) | (98) | (134) | 0 | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/17/2032 | 12/17/2032 |  | 9600 | (224) | (224) | 132 | 132 | (92) | 18 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2035 | 06/18/2035 |  | 6400 | 359 | 359 | (59) | (59) | 300 | 15 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2055 | 06/18/2055 |  | 3225 | 464 | 464 | 62 | 62 | 526 | 10 | 10 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.000 | 4.000 | Semi-Annual | Semi-Annual | 06/18/2030 | 06/18/2030 | AUD | 7700 | 40 | 40 | (134) | (134) | (94) | 0 | 0 | (4) |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | 4.250 | Semi-Annual | Semi-Annual | 03/18/2036 | 03/18/2036 |  | 800 | 1 | 1 | (25) | (25) | (24) | 0 | 0 | (1) |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | Annual | Annual | 03/18/2031 | 03/18/2031 | EUR | 11100 | 36 | 36 | (105) | (105) | (69) | 0 | 0 | (9) |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | 2.750 | Annual | Annual | 03/18/2036 | 03/18/2036 |  | 2500 | (51) | (51) | (2) | (2) | (53) | 0 | 0 | (3) |
| Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | 3.000 | Annual | Annual | 03/18/2056 | 03/18/2056 |  | 2700 | 44 | 44 | 117 | 117 | 161 | 9 | 9 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 528 | $ | (117) | $ | 411 | 56 | $ | (44) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **5016** | **$** | **223** | **$** | **5239** | **72** | **$** | **(70)** |

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<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

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

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(l)** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $763 and cash of $6,446 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | PLN | 602 | 602 | $ | 164 | 164 | $0 | 0 | 0 | (3) |
|  |  | 01/2026  | 01/2026  | $ | $470 | 470 | EUR | 398 | 398 | 0 | 0 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | PLN | 379 | 379 | $ | 103 | 103 | 0 | 0 | 0 | (3) |
|  |  | 01/2026  | 01/2026  | $ | $427 | 427 | EUR | 364 | 364 | 1 | 1 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  |  | 448 | 448 |  | 386 | 386 | 6 | 6 | 6 | 0 |
|  |  | 01/2026  | 01/2026  |  | 40 | 40 | PLN | 147 | 147 | 1 | 1 | 1 | 0 |
|  |  | 01/2026  | 01/2026  | ZAR | 1496 | 1496 | $ | 86 | 86 | 0 | 0 | 0 | (4) |
|  |  | 02/2026  | 02/2026  | $ | $347 | 347 | TRY | 15839 | 15839 | 9 | 9 | 9 | 0 |
|  |  | 03/2026  | 03/2026  |  | 72 | 72 |  | 3303 | 3303 | 1 | 1 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | GBP | 117 | 117 | $ | 155 | 155 | 0 | 0 | 0 | (3) |
|  |  | 01/2026  | 01/2026  | $ | $2676 | 2676 | EUR | 2295 | 2295 | 22 | 22 | 22 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 01/2026  |  | 25 | 25 | ILS | 79 | 79 | 0 | 0 | 0 | 0 |
|  |  | 01/2026  | 01/2026  | ZAR | 2666 | 2666 | $ | 153 | 153 | 0 | 0 | 0 | (8) |
|  |  | 02/2026  | 02/2026  | ILS | 79 | 79 |  | 25 | 25 | 0 | 0 | 0 | 0 |
|  |  | 09/2026  | 09/2026  | UZS | 1253070 | 1253070 |  | 98 | 98 | 0 | 0 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 01/2026  | GBP | 12700 | 12700 |  | 16678 | 16678 | 0 | 0 | 0 | (441) |
|  |  | 01/2026  | 01/2026  | PLN | 647 | 647 |  | 176 | 176 | 0 | 0 | 0 | (4) |
|  |  | 01/2026  | 01/2026  | $ | $13 | 13 | ILS | 42 | 42 | 0 | 0 | 0 | 0 |
|  |  | 01/2026  | 01/2026  |  | 28 | 28 | MXN | 524 | 524 | 1 | 1 | 1 | 0 |
|  |  | 01/2026  | 01/2026  |  | 218 | 218 | PLN | 796 | 796 | 3 | 3 | 3 | 0 |
|  |  | 01/2026  | 01/2026  |  | 81 | 81 | SGD | 105 | 105 | 1 | 1 | 1 | 0 |
|  |  | 01/2026  | 01/2026  | ZAR | 1849 | 1849 | $ | 107 | 107 | 0 | 0 | 0 | (4) |
|  |  | 02/2026  | 02/2026  | ILS | 42 | 42 |  | 13 | 13 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  |  | 156 | 156 |  | 48 | 48 | 0 | 0 | 0 | (1) |
|  |  | 01/2026  | 01/2026  | $ | $236 | 236 | CHF | 189 | 189 | 3 | 3 | 3 | 0 |
|  |  | 01/2026  | 01/2026  |  | 196 | 196 | PLN | 715 | 715 | 3 | 3 | 3 | 0 |
|  |  | 01/2026  | 01/2026  |  | 0 | 0 | THB | 9 | 9 | 0 | 0 | 0 | 0 |
|  |  | 01/2026  | 01/2026  | ZAR | 1375 | 1375 | $ | 80 | 80 | 0 | 0 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 01/2026  | ILS | 254 | 254 |  | 78 | 78 | 0 | 0 | 0 | (2) |
|  |  | 01/2026  | 01/2026  | PLN | 616 | 616 |  | 168 | 168 | 0 | 0 | 0 | (4) |
|  |  | 01/2026  | 01/2026  | $ | $141 | 141 | PLN | 521 | 521 | 4 | 4 | 4 | 0 |
|  |  | 01/2026  | 01/2026  | ZAR | 504 | 504 | $ | 29 | 29 | 0 | 0 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | CAD | 3844 | 3844 |  | 2731 | 2731 | 0 | 0 | 0 | (71) |
|  |  | 01/2026  | 01/2026  | EUR | 2276 | 2276 |  | 2659 | 2659 | 0 | 0 | 0 | (17) |
|  |  | 01/2026  | 01/2026  | GBP | 644 | 644 |  | 862 | 862 | 0 | 0 | 0 | (7) |
|  |  | 01/2026  | 01/2026  | $ | $955 | 955 | EUR | 814 | 814 | 2 | 2 | 2 | 0 |
|  |  | 01/2026  | 01/2026  |  | 685 | 685 | GBP | 518 | 518 | 13 | 13 | 13 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | 01/2026  | 01/2026  | EUR | 909 | 909 | $ | 1057 | 1057 | 0 | 0 | 0 | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | $ | $105 | 105 | TWD | 3297 | 3297 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | EUR | 71731 | 71731 | $ | 83047 | 83047 | 0 | 0 | 0 | (1287) |
|  |  | 03/2026  | 03/2026  | MXN | 2 | 2 |  | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | $ | $134 | 134 | PLN | 491 | 491 | 3 | 3 | 3 | 0 |
|  |  | 01/2026  | 01/2026  | ZAR | 2611 | 2611 | $ | 150 | 150 | 0 | 0 | 0 | (7) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **73** | **73** | **$** | **(1884)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Liability |
| GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000% | 1.000% | Quarterly | 1.706% | 1.706% | $2000 | $ | (17) | $11 | $ | $(6) |

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<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BOA | BOA | Quarterly | Quarterly | 12/20/2030 | 730 | $ | 166 | 6 | 6 | 172 | 0 |
| BPS | BPS | Quarterly | Quarterly | 12/20/2030 | 510 |  | 118 | 2 | 2 | 120 | 0 |
| CBK | CBK | Quarterly | Quarterly | 12/20/2030 | 220 |  | 50 | 2 | 2 | 52 | 0 |
| JPM | JPM | Quarterly | Quarterly | 12/20/2030 | 450 |  | 103 | 3 | 3 | 106 | 0 |
|  |  |  |  |  |  |  | 437 | $13 | 13 | $450 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **420** | $**24** | **24** | $**450** | $**(6)** |
| **(n)** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $1,579 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $31350 | 31350 | $4545 | 4545 | $ | 35895 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 71195 | 71195 | 492 | 492 |  | 71687 |  |
| Industrials | Industrials | Industrials | 0 | 0 | 301167 | 301167 | 525 | 525 |  | 301692 |  |
| Utilities | Utilities | Utilities | 0 | 0 | 17081 | 17081 | 33 | 33 |  | 17114 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |  |
| Industrials | Industrials | Industrials | 0 | 0 | 1009 | 1009 | 0 | 0 |  | 1009 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Arizona | Arizona | Arizona | 0 | 0 | 420 | 420 | 0 | 0 |  | 420 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 19234 | 19234 | 0 | 0 |  | 19234 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 27630 | 27630 | 0 | 0 |  | 27630 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Communication Services | Communication Services | Communication Services | 114 | 114 | 0 | 0 | 441 | 441 |  | 555 |  |
| Health Care | Health Care | Health Care | 0 | 0 | 0 | 0 | 1072 | 1072 |  | 1072 |  |
| Industrials | Industrials | Industrials | 2 | 2 | 0 | 0 | 478 | 478 |  | 480 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |  |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 1 | 1 |  | 1 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 1780 | 1780 | 0 | 0 |  | 1780 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 10156 | 10156 | 0 | 0 |  | 10156 |  |
|  |  |  | $116 | 116 | $481022 | 481022 | $7587 | 7587 | $ | 488725 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $9317 | 9317 | $0 | 0 | $0 | 0 | $ | 9317 |  |
| Total Investments | Total Investments | Total Investments | $9433 | 9433 | $481022 | 481022 | $7587 | 7587 | $ | 498042 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 72 | 72 | 0 | 0 |  | 72 |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 523 | 523 | 0 | 0 |  | 523 |  |
|  |  |  | $0 | 0 | $595 | 595 | $0 | 0 | $ | 595 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | (70) | (70) | 0 | 0 |  | (70) |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | (1890) | (1890) | 0 | 0 |  | (1890) |  |
|  |  |  | $0 | 0 | $(1960) | (1960) | $0 | 0 | $ | (1960) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | $(1365) | (1365) | $0 | 0 | $ | (1365) |  |
| Totals | Totals | Totals | $9433 | 9433 | $479657 | 479657 | $7587 | 7587 | $ | 496677 |  |

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<br> Schedule of Investments PIMCO High Yield Spectrum Fund (Cont.) December 31, 2025 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases | Net<br>Purchases | Net<br>Sales/Settlements | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $7136 | 7136 | $ | 1115 | $ | $(3272) | $47 | $(5) | $ | $115 | $0 | $(591) | (591) | 4545 | $ | 185 |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance |  | 0 |  | 492 |  | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 492 |  | 0 |
| Industrials | Industrials |  | 1497 |  | 29 |  | (1149) | 0 | 0 |  | 392 | 0 | (245) | (245) | 524 |  | 21 |
| Utilities | Utilities |  | 0 |  | 23 |  | 0 | 0 | 0 |  | 10 | 0 | 0 | 0 | 33 |  | 10 |
| Common Stocks | Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | Communication Services |  | 0 |  | 0 |  | 0 | 0 | 0 |  | 442 | 0 | 0 | 0 | 442 |  | 442 |
| Energy | Energy |  | 97 |  | 0 |  | (44) | 0 | 44 |  | (97) | 0 | 0 | 0 | 0 |  | 0 |
| Financials | Financials |  | 957 |  | 0 |  | (1005) | 0 | (1210) |  | 1257 | 0 | 0 | 0 | 0 |  | 0 |
| Health Care | Health Care |  | 1138 |  | 0 |  | 0 | 0 | 0 |  | (66) | 0 | 0 | 0 | 1072 |  | (66) |
| Industrials | Industrials |  | 388 |  | 770 |  | (456) | 0 | (123) |  | (99) | 0 | (2) | (2) | 478 |  | 21 |
| Warrants | Warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | Industrials |  | 140 |  | 0 |  | 0 | 0 | 0 |  | (139) | 0 | 0 | 0 | 1 |  | (139) |
| Totals | Totals | $11354 | 11354 | $ | 2429 | $ | $(5926) | $47 | $(1294) | $ | $1815 | $0 | $(838) | (838) | 7587 | $ | 474 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $538 | 538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 16.360 | 16.360 | 16.360 |  |
|  |  |  |  |  | 1722 | 1722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 7.436 - 10.101 | 7.436 - 10.101 | 7.436 - 10.101 | 8.708 |
|  |  |  |  |  | 1104 | 1104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 98.000 - 99.000 | 98.000 - 99.000 | 98.000 - 99.000 | 98.112 |
|  |  |  |  |  | 1181 | 1181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.500 | 100.500 | 100.500 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 492 | 492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 99.972 | 99.972 | 99.972 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 496 | 496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | 13.000/10.000 | 13.000/10.000 | 13.000/10.000 |  |
|  |  |  |  |  | 28 | 28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Price | &nbsp;&nbsp;&nbsp;&nbsp; Price | &nbsp;&nbsp;&nbsp;&nbsp; Price | 1.630 | 1.630 | 1.630 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 33 | 33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 14.125 | 14.125 | 14.125 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | Communication Services | Communication Services | Communication Services | 442 | 442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $15.542 | 15.542 | 15.542 |  |
| Health Care | Health Care | Health Care | Health Care | Health Care | 1072 | 1072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 9.425 - 16.360  | 9.425 - 16.360  | 9.425 - 16.360  | 10.424 |
| Industrials | Industrials | Industrials | Industrials | Industrials | 288 | 288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | 13.000/10.000 | 13.000/10.000 | 13.000/10.000 |  |
|  |  |  |  |  | 190 | 190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 15.012 | 15.012 | 15.012 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Industrials | Industrials | Industrials | Industrials | Industrials | 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  |  |  |
| Total | Total | Total | Total | Total | $7587 | 7587 |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(2)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

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<br> Consolidated Schedule of Investments PIMCO Income Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 145.0% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 3.0%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% due 10/21/2026 «~(l) | $38289 | $38289 |
| **Aligned Data Centers International LP**<br>7.223% due 12/18/2029 «~ | 468600 | 471990 |
| **Altice France SA**  |  |  |
| 6.391% (EUR003M + 4.375%) due 10/30/2028 ~ | 16665 | 19419 |
| 8.110% (TSFR3M + 4.125%) due 04/30/2028 ~ | $16597 | 16440 |
| 8.891% (EUR003M + 6.875%) due 05/31/2031 ~ | 11152 | 13135 |
| 9.048% (TSFR3M + 5.063%) due 10/30/2028 ~ | $30569 | 30272 |
| 9.360% (TSFR3M + 5.375%) due 05/14/2029 ~ | 113733 | 113022 |
| 10.860% (TSFR3M + 6.875%) due 05/31/2031 ~ | 317632 | 317962 |
| **Avolon TLB Borrower 1 U.S. LLC**<br>5.484% (TSFR1M + 1.750%) due 06/24/2030 ~ | 7832 | 7888 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.672% - 10.335% (TSFR3M + 6.000%) due 05/16/2029 «~ | 4839 | 5002 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/05/2032 µ | 48024 | 48144 |
| 1.000% due 01/03/2031 ~µ | 48024 | 48864 |
| 8.272% (TSFR1M + 4.500%) due 01/03/2031 ~ | 216976 | 220773 |
| **DirecTV Financing LLC**<br>9.102% (TSFR3M + 5.000%) due 08/02/2027 ~ | 871 | 873 |
| **Dorchester LLC**<br>4.349% (EUR003M + 2.300%) due 01/04/2027 «~(l) | 82400 | 96836 |
| **Encina Private Credit LLC**<br>TBD% - 7.337% due 11/30/2026 «~µ | $30231 | 29326 |
| **Envalior Finance GmbH**  |  |  |
| 7.566% (EUR003M + 5.500%) due 03/29/2030 ~ | 118900 | 136762 |
| 9.340% (TSFR3M + 5.500%) due 04/01/2030 ~ | $210766 | 196916 |
| **Envision Healthcare Corp.**  |  |  |
| 11.862% (TSFR3M + 7.875%) due 07/20/2026 «~ | 176004 | 176004 |
| 11.862% (TSFR3M + 7.875%) due 11/03/2028 «~ | 748782 | 771245 |
| **Finastra USA, Inc.**<br>10.973% (TSFR3M + 7.250%) due 09/13/2029 ~ | 15112 | 15225 |
| **iHeartCommunications, Inc.**<br>9.606% (TSFR1M + 5.775%) due 05/01/2029 ~ | 1844 | 1694 |
| **Lealand Finance Co. BV**<br>6.831% (TSFR1M + 3.000%) due 06/30/2027 «~ | 2410 | 2024 |
| **Lealand Finance Co. BV (7.830% Cash)**<br>7.831% (TSFR1M + 4.000%) due 12/31/2027 ~ | 6505 | 5085 |
| **Mercury Aggregator LP (19.000% PIK)**<br>TBD% - 19.000% due 04/03/2026 «~(d) | 27183 | 1429 |
| **MH Sub I LLC**  |  |  |
| 7.966% (TSFR1M + 4.250%) due 05/03/2028 ~ | 1655 | 1544 |
| 7.966% (TSFR1M + 4.250%) due 12/31/2031 ~ | 1120 | 964 |
| **OCS Group Holdings Ltd.**<br>9.719% due 11/28/2031 ~ | 23300 | 31476 |
| **Panama Government International Bonds**  |  |  |
| 3.837% (EUR006M + 1.750%) due 03/05/2027 «~ | 144800 | 170521 |
| 4.546% (EUR006M + 2.450%) due 04/01/2027 «~ | 451800 | 536245 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% due 03/26/2026 «~(l) | $60600 | 60600 |
| **Poseidon Bidco SASU**<br>7.018% (EUR003M + 5.000%) due 03/13/2030 ~ | 235200 | 99902 |
| **Project Alpha Investindustrial**<br>4.150% (EUR003M + 2.100%) due 02/27/2026 «~(l) | 33548 | 39425 |
| **Project Flash**  |  |  |
| 0.563% - 6.034% (TSFR1M + 2.250%) due 04/30/2030 «~µ | $1691300 | 1691301 |
| 0.625% - 6.278% (TSFR1M + 2.500%) due 01/09/2028 «~µ | 108450 | 107600 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 75800 | 76489 |
| **Project Nova**<br>7.080% due 08/31/2026 «~ | 43300 | 43300 |
| **Project Quasar Pledgco SLU**<br>5.185% (EUR001M + 3.250%) due 04/17/2026 «~ | 64125 | 73796 |
| **Softbank Vision Fund II**<br>7.322% (TSFR3M + 3.650%) due 04/25/2029 «~ | $422818 | 424711 |
| **Subcalidora 2**<br>7.769% (EUR003M + 5.750%) due 08/14/2029 «~ | 129849 | 153362 |
| **Syniverse Holdings, Inc.**<br>10.672% (TSFR3M + 7.000%) due 05/13/2027 ~ | $55343 | 53599 |
| **TransDigm, Inc.**  |  |  |
| 5.966% (TSFR1M + 2.250%) due 03/22/2030 ~ | 19748 | 19828 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.216% (TSFR1M + 2.500%) due 02/28/2031 ~ | 76577 | 76951 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.100% (EUR003M + 3.000%) due 12/15/2028 «~ | 20200 | 23863 |
| **U.S. Renal Care, Inc.**<br>8.831% (TSFR1M + 5.000%) due 06/28/2028 ~ | $24208 | 22861 |
| **Westmoreland Coal Co.**<br>8.000% due 03/15/2029 «~ | 4134 | 1757 |
| Total Loan Participations and Assignments (Cost $6,505,931) |  | 6494714 |
| **CORPORATE BONDS & NOTES 8.2%**  |  |  |
| **BANKING & FINANCE 2.5%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 6700 | 6918 |
| **Alamo Re Ltd.**  |  |  |
| 12.014% (FHMMUSTF + 8.434%) due 06/07/2027 ~  | 33700 | 35870 |
| 15.460% (FHMMUSTF + 11.880%) due 06/08/2026 ~  | 34840 | 36390 |
| **Ambac Assurance Corp.** <br>5.100% due 12/31/2099 (k) | 352 | 459 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 8800 | 8025 |
| **Armor RE II Ltd.**  |  |  |
| 12.110% (BRMMUSDF + 8.500%) due 01/07/2032 ~  | 5200 | 5499 |
| 13.810% (BRMMUSDF + 10.200%) due 05/07/2031 ~  | 13000 | 13984 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 50661 | 49156 |
| **Banca Monte dei Paschi di Siena SpA** <br>1.875% due 01/09/2026 | 60500 | 71100 |
| **Banco Santander SA**  |  |  |
| 4.250% due 04/11/2027  | $28400 | 28476 |
| 6.527% due 11/07/2027 •  | 95200 | 97201 |
| 6.607% due 11/07/2028  | 61400 | 65565 |
| **Bank of America Corp.** <br>5.202% due 04/25/2029 •(n) | 10600 | 10873 |
| **Barclays PLC**  |  |  |
| 4.972% due 05/16/2029 •  | 54550 | 55472 |
| 5.674% due 03/12/2028 •  | 20700 | 21075 |
| 5.690% due 03/12/2030 •  | 51700 | 53810 |
| 6.490% due 09/13/2029 •  | 25800 | 27271 |
| 6.496% due 09/13/2027 •  | 61100 | 62064 |
| 7.437% due 11/02/2033 •  | 2848 | 3258 |
| **Bayou Re Ltd.**  |  |  |
| 11.962% (BNMMDTSC + 8.332%) due 04/30/2031 ~  | 5800 | 6150 |
| 22.130% (BNMMDTSC + 18.500%) due 04/30/2031 ~  | 6700 | 7436 |
| **Blue Ridge Re Ltd.**  |  |  |
| 7.080% (FHMMUSTF + 3.500%) due 01/08/2029 ~  | 4800 | 4800 |
| 8.830% (FHMMUSTF + 5.250%) due 01/08/2031 ~  | 22908 | 23417 |
| 9.580% (FHMMUSTF + 6.000%) due 01/08/2029 ~  | 1500 | 1500 |
| 11.580% (FHMMUSTF + 8.000%) due 01/08/2029 ~  | 250 | 250 |
| **BNP Paribas SA** <br>5.497% due 05/20/2030 •  | 7200 | 7455 |
| **Bonanza RE Ltd.**  |  |  |
| 3.542% (T-BILL 3MO + 0.000%) due 01/08/2027 ~  | 9600 | 8064 |
| 3.620% (MSMMUSTF + 0.000%) due 01/08/2026 ~  | 2500 | 2496 |
| **BPCE SA**  |  |  |
| 5.716% due 01/18/2030 •  | 34200 | 35417 |
| 5.936% due 05/30/2035 •  | 8600 | 8972 |
| 6.612% due 10/19/2027 •  | 28400 | 28944 |
| 6.714% due 10/19/2029 •  | 66000 | 70049 |
| 7.003% due 10/19/2034 •  | 42300 | 47122 |
| **CaixaBank SA** <br>6.684% due 09/13/2027 •  | 41400 | 42129 |
| **Cape Lookout Re Ltd.**  |  |  |
| 10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~  | 42300 | 44834 |
| 12.287% (GSMMUSTF + 8.702%) due 04/05/2027 ~  | 9550 | 9898 |
| **Charles River Re Ltd.** <br>11.262% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 2700 | 2829 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 29567 | 27116 |
| **Country Garden Holdings Co. Ltd. (1.000% Cash or 2.500% PIK)** <br>3.500% due 12/31/2032 «(d) | 29317 | 1759 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 140900 | 44436 |
| 10.100% due 12/15/2043  | 65500 | 21193 |
| **Credit Suisse AG AT1 Claim**  | $272096 | 80267 |
| **Danske Bank AS** <br>5.427% due 03/01/2028 •  | 18500 | 18791 |
| **Deloitte LLP**  |  |  |
| 5.250% due 01/30/2030 «(l)  | 37300 | 38067 |
| 5.410% due 01/30/2032 «(l)  | 36700 | 37528 |
| **Deutsche Bank AG**  |  |  |
| 2.552% due 01/07/2028 •  | 8850 | 8706 |
| 3.547% due 09/18/2031 •  | 57047 | 54467 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.720% due 01/18/2029 •  | 6776 | 7095 |
| **East Lane Re VII Ltd.**  |  |  |
| 12.042% (T-BILL 3MO + 8.500%) due 03/31/2032 ~  | 22100 | 22093 |
| 12.550% (JMMMUSTF + 8.890%) due 03/31/2026 ~  | 32100 | 32694 |
| **EPR Properties**  |  |  |
| 4.500% due 06/01/2027  | 500 | 501 |
| 4.750% due 12/15/2026  | 2445 | 2453 |
| 4.950% due 04/15/2028  | 3980 | 4013 |
| **Everglades Re II Ltd.**  |  |  |
| 14.121% (GSMMUSTI + 10.500%) due 05/13/2031 ~  | 49280 | 51956 |
| 15.121% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 48900 | 51565 |
| 16.371% (GSMMUSTI + 12.750%) due 05/13/2031 ~  | 31200 | 33119 |
| **FFC Senior Note Lease-Backed Pass-Through Trust** <br>5.141% due 07/10/2053 « | 46720 | 38877 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | 39225 | 38854 |
| 2.900% due 02/16/2028  | 27259 | 26260 |
| 4.125% due 08/17/2027  | 2700 | 2679 |
| 4.950% due 05/28/2027  | 3700 | 3716 |
| 5.918% due 03/20/2028 (n)  | 21973 | 22496 |
| 6.798% due 11/07/2028 (n)  | 11573 | 12145 |
| 6.800% due 05/12/2028  | 26077 | 27218 |
| 7.350% due 11/04/2027  | 7300 | 7625 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 3.250% due 01/15/2032  | 4800 | 4355 |
| 4.000% due 01/15/2031  | 5300 | 5094 |
| 5.300% due 01/15/2029 (n)  | 29811 | 30350 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 39500 | 39532 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 26267 | 26021 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 10600 | 11029 |
| **Handshake Re Ltd.** <br>4.160% (JMMMUSTF + 4.500%) due 01/08/2030 ~ | 2800 | 2803 |
| **Hardwood Funding LLC**  |  |  |
| 4.840% due 06/07/2028 «(l)  | 18500 | 18702 |
| 4.980% due 06/07/2030 «(l)  | 12000 | 12202 |
| **Hestia Re Ltd.**  |  |  |
| 10.380% (BNMMDTSC + 6.750%) due 03/13/2032 ~  | 3400 | 3507 |
| 11.880% (BNMMDTSC + 8.250%) due 03/13/2032 ~  | 3600 | 3747 |
| **Hexagon IV RE Ltd.** <br>10.432% (EUR003M + 8.428%) due 01/07/2031 ~ | 21312 | 26076 |
| **HSBC Holdings PLC**  |  |  |
| 4.041% due 03/13/2028 •  | $11280 | 11268 |
| 4.583% due 06/19/2029 •  | 73000 | 73697 |
| **Integrity RE III Ltd.**  |  |  |
| 11.626% (T-BILL 1MO + 8.000%) due 06/06/2027 ~  | 1350 | 1401 |
| 13.292% (T-BILL 1MO + 9.750%) due 06/06/2027 ~  | 900 | 941 |
| 15.792% (T-BILL 1MO + 12.250%) due 06/06/2028 ~  | 6000 | 6332 |
| 29.042% (T-BILL 1MO + 25.500%) due 06/06/2027 ~  | 10100 | 11630 |
| **Integrity Re Ltd.**  |  |  |
| 20.814% (FHMMUSTF + 17.234%) due 06/08/2026 ~  | 16150 | 17305 |
| 26.376% (FHMMUSTF + 22.796%) due 06/08/2026 ~  | 7600 | 8326 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | 44166 | 50464 |
| **Kizuna RE III Pte. Ltd.** <br>6.292% (T-BILL 3MO + 2.750%) due 04/09/2029 ~ | 6121 | 6267 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 51000 | 60154 |
| **Lloyds Banking Group PLC** <br>5.462% due 01/05/2028 •  | $57700 | 58487 |
| **Longleaf Pine Re Ltd.** <br>21.553% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 25200 | 27709 |
| **Luca RE Ltd.** <br>10.910% (JMMMUSTF + 7.250%) due 07/22/2031 ~ | 20700 | 21391 |
| **MMcapS Funding XVIII Ltd.**  |  |  |
| 4.240% (US0003M + 0.290%) due 12/26/2039 ~  | 14880 | 14471 |
| 4.451% (US0003M + 0.500%) due 12/26/2039 ~  | 10100 | 8888 |
| **MMIFS Re Ltd.** <br>5.208% (CAONINDX + 2.900%) due 01/10/2033 ~ | 8700 | 6355 |
| **Nationwide Building Society**  |  |  |
| 2.972% due 02/16/2028 •  | $342 | 338 |
| 3.960% due 07/18/2030 •  | 57892 | 57107 |
| 4.302% due 03/08/2029 •(n)  | 56000 | 56112 |
| 6.557% due 10/18/2027 •  | 30400 | 30979 |
| **Nature Coast Re Ltd.**  |  |  |
| 13.371% (GSMMUSTI + 9.750%) due 04/10/2033 ~  | 8750 | 9091 |
| 13.621% (GSMMUSTI + 10.000%) due 12/07/2030 ~  | 22346 | 23036 |
| **NatWest Group PLC**  |  |  |
| 3.073% due 05/22/2028 •  | 1188 | 1173 |
| 4.445% due 05/08/2030 •  | 163400 | 164117 |
| 4.892% due 05/18/2029 •  | 6900 | 7022 |
| 5.034% (SOFRRATE + 1.250%) due 03/01/2028 ~  | 24300 | 24466 |
| 5.076% due 01/27/2030 •  | 177653 | 181656 |
| 5.583% due 03/01/2028 •  | 42300 | 43065 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 2.000% due 03/09/2026  | 44978 | 44797 |
| 2.450% due 09/15/2028  | 4200 | 3906 |
| 2.750% due 03/09/2028  | 40800 | 38797 |
| 5.625% due 09/29/2028  | 3600 | 3612 |
| 5.773% (SOFRINDX + 2.050%) due 09/13/2027 ~  | 29700 | 29525 |
| **Nomura Holdings, Inc.** <br>2.172% due 07/14/2028 | 51800 | 49353 |
| **Orange Capital RE DAC**  |  |  |
| 8.026% (EUR003M + 6.000%) due 01/17/2029 ~  | 2400 | 2939 |
| 9.836% (EUR003M + 8.330%) due 01/08/2027 ~  | 19700 | 23794 |
| **Palm RE Ltd.**  |  |  |
| 11.380% (BNMMDTSC + 7.750%) due 06/07/2032 ~  | $5800 | 6064 |
| 13.330% (BNMMDTSC + 9.700%) due 06/09/2031 ~  | 1700 | 1799 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (h) | 142178 | 109789 |
| **Polestar Re Ltd.**  |  |  |
| 10.542% (T-BILL 3MO + 7.000%) due 01/08/2029 ~  | 3500 | 3500 |
| 12.542% (T-BILL 3MO + 9.000%) due 01/08/2029 ~  | 3500 | 3500 |
| 14.042% (T-BILL 3MO + 10.500%) due 01/08/2029 ~  | 500 | 500 |
| 14.110% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 16100 | 16941 |
| 16.860% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 73700 | 76899 |
| **Preferred Term Securities VIII Ltd./Preferred Term Securities VIII, Inc.** <br>5.160% (US0003M + 0.900%) due 01/03/2033 ~ | 2746 | 2746 |
| **Preferred Term Securities X Ltd./Preferred Term Securities X, Inc.** <br>5.120% (US0003M + 0.860%) due 07/03/2033 ~ | 915 | 915 |
| **Preferred Term Securities XII Ltd./Preferred Term Securities XII, Inc.** <br>4.846% (US0003M + 0.880%) due 12/24/2033 ~ | 2318 | 2295 |
| **Preferred Term Securities XIX Ltd./Preferred Term Securities XIX, Inc.** <br>4.415% (US0003M + 0.430%) due 12/22/2035 ~ | 28471 | 26763 |
| **Preferred Term Securities XVI Ltd./Preferred Term Securities XVI, Inc.** <br>4.565% (US0003M + 0.580%) due 03/23/2035 ~ | 8890 | 8445 |
| **Preferred Term Securities XVII Ltd./Preferred Term Securities XVII, Inc.**  |  |  |
| 4.366% (US0003M + 0.400%) due 06/23/2035 ~  | 7178 | 6909 |
| 4.466% (US0003M + 0.500%) due 06/23/2035 ~  | 10965 | 10088 |
| **Preferred Term Securities XVIII Ltd./Preferred Term Securities XVIII, Inc.**  |  |  |
| 4.465% (US0003M + 0.480%) due 09/23/2035 ~  | 14571 | 13843 |
| 4.735% (US0003M + 0.750%) due 09/23/2035 ~  | 20535 | 18276 |
| **Preferred Term Securities XX Ltd./Preferred Term Securities XX, Inc.**  |  |  |
| 4.385% (US0003M + 0.400%) due 03/22/2038 ~  | 37144 | 35472 |
| 4.435% (US0003M + 0.450%) due 03/22/2038 ~  | 7004 | 6304 |
| **Preferred Term Securities XXI Ltd./Preferred Term Securities XXI, Inc.** <br>4.385% (US0003M + 0.400%) due 03/22/2038 ~ | 25204 | 23692 |
| **Preferred Term Securities XXII Ltd./Preferred Term Securities XXII, Inc.** <br>4.385% (US0003M + 0.400%) due 09/22/2036 ~ | 28660 | 27513 |
| **Preferred Term Securities XXIII Ltd./Preferred Term Securities XXIII, Inc.**  |  |  |
| 4.295% (US0003M + 0.310%) due 12/22/2036 ~  | 45109 | 43823 |
| 4.365% (US0003M + 0.380%) due 12/22/2036 ~  | 1306 | 1071 |
| 4.375% (US0003M + 0.390%) due 12/22/2036 ~  | 2895 | 2634 |
| 4.605% (US0003M + 0.620%) due 12/22/2036 ~  | 30779 | 26779 |
| **Preferred Term Securities XXIV Ltd./Preferred Term Securities XXIV, Inc.**  |  |  |
| 4.285% (US0003M + 0.300%) due 03/22/2037 ~  | 42839 | 40697 |
| 4.365% (US0003M + 0.380%) due 03/22/2037 ~  | 45627 | 40608 |
| **Preferred Term Securities XXV Ltd./Preferred Term Securities XXV, Inc.** <br>4.335% (US0003M + 0.350%) due 06/22/2037 ~ | 48367 | 43047 |
| **Preferred Term Securities XXVI Ltd./Preferred Term Securities XXVI, Inc.**  |  |  |
| 4.285% (US0003M + 0.300%) due 09/22/2037 ~  | 65 | 60 |
| 4.355% (US0003M + 0.370%) due 09/22/2037 ~  | 41783 | 37186 |
| **Preferred Term Securities XXVII Ltd./Preferred Term Securities XXVII, Inc.**  |  |  |
| 4.285% (US0003M + 0.300%) due 12/22/2037 ~  | 10081 | 9375 |
| 4.385% (US0003M + 0.400%) due 12/22/2037 ~  | 2118 | 1885 |
| **Preferred Term Securities XXVIII Ltd./Preferred Term Securities XXVIII, Inc.**  |  |  |
| 4.585% (US0003M + 0.600%) due 03/22/2038 ~  | 16804 | 14283 |
| 4.885% (US0003M + 0.900%) due 03/22/2038 ~  | 13982 | 13737 |
| **Purple Re Ltd.** <br>12.786% (JMMMUSTF + 9.126%) due 06/06/2031 ~ | 20100 | 21169 |
| **Pyramid Funding Ltd.** <br>5.062% due 03/28/2035 « | 264684 | 310487 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 12700 | 14925 |
| **Quercus Re DAC** <br>10.050% (EUR003M + 8.000%) due 01/06/2031 ~ | 3800 | 4571 |
| **RNHB BV**  |  |  |
| 0.000% due 01/28/2027 «  | 21408 | 25331 |
| 0.000% due 10/28/2027 «  | 20195 | 23827 |
| 0.000% due 04/28/2028 «  | 10673 | 13158 |
| 0.000% due 10/28/2028 «  | 22876 | 27043 |
| 6.760% due 03/01/2027 «  | 11745 | 13778 |
| **Sabine Re Ltd.** <br>12.150% (BNMMDTSC + 8.520%) due 04/07/2031 ~ | $6600 | 6904 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.469% due 01/11/2028 •  | 11100 | 10914 |
| 3.823% due 11/03/2028 •  | 31580 | 31382 |
| 6.534% due 01/10/2029 •  | 6200 | 6480 |
| **SLM Student Loan Trust** <br>2.650% (EUR003M + 0.550%) due 12/15/2033 ~ | 415 | 459 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Societe Generale SA**  |  |  |
| 6.447% due 01/12/2027 •  | $83300 | 83347 |
| 6.691% due 01/10/2034 •  | 128000 | 139446 |
| **Taranis Reinsurance DAC**  |  |  |
| 8.320% (EUR003M + 6.310%) due 01/07/2031 ~  | 13300 | 15743 |
| 11.000% (EUR003M + 8.990%) due 01/08/2031 ~  | 18600 | 22990 |
| **Titanium 2l Bondco SARL** <br>6.250% due 01/14/2031 | 2955 | 640 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.696% (JMMMUSTF + 6.036%) due 06/07/2032 ~  | $15100 | 15810 |
| 10.766% (JMMMUSTF + 7.106%) due 06/07/2032 ~  | 8900 | 9288 |
| 12.988% (BRMMUSDF + 9.378%) due 06/05/2031 ~  | 5400 | 5502 |
| **U.S. Capital Funding VI Ltd./U.S. Capital Funding VI Corp.** <br>4.469% due 07/10/2043 •  | 38279 | 34069 |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | 80485 | 74759 |
| 3.869% due 01/12/2029 •  | 7400 | 7361 |
| 4.194% due 04/01/2031 •  | 31069 | 30784 |
| 5.428% due 02/08/2030 •  | 19800 | 20484 |
| 5.959% due 01/12/2034 •  | 102400 | 109160 |
| 6.246% due 09/22/2029 •  | 92400 | 97290 |
| 6.327% due 12/22/2027 •  | 95300 | 97308 |
| **Ursa Re II Ltd.**  |  |  |
| 8.542% (T-BILL 3MO + 5.000%) due 12/07/2029 ~  | 3200 | 3200 |
| 11.292% (T-BILL 3MO + 7.750%) due 06/07/2028 ~  | 17200 | 17200 |
| **Ursa Re Ltd.**  |  |  |
| 9.130% (BNMMDTSC + 5.500%) due 12/07/2026 ~  | 38700 | 39816 |
| 11.121% (GSMMUSTI + 7.500%) due 02/22/2028 ~  | 25300 | 25800 |
| 12.380% (BNMMDTSC + 8.750%) due 12/07/2026 ~  | 49500 | 51433 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(l) | 52500 | 56399 |
| **Veraison Re Ltd.** <br>8.621% (GSMMUSTI + 5.000%) due 03/08/2033 ~ | 3550 | 3660 |
| **VICI Properties LP/VICI Note Co., Inc.**  |  |  |
| 3.875% due 02/15/2029  | 5805 | 5700 |
| 4.500% due 09/01/2026  | 16083 | 16102 |
| 4.500% due 01/15/2028 (n)  | 3495 | 3505 |
| 5.750% due 02/01/2027  | 12316 | 12459 |
| **Vitality Re XVI Ltd.**  |  |  |
| 5.370% (MSMMUSTF + 1.750%) due 01/08/2030 ~  | 5700 | 5710 |
| 7.370% (MSMMUSTF + 3.750%) due 01/08/2030 ~  | 4500 | 4518 |
| **Voyager Aviation Holdings LLC** <br>8.500% due 05/09/2026 ^«(e) | 17721 | 0 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 400 | 483 |
| **Winston RE Ltd.**  |  |  |
| 10.130% (BNMMDTSC + 6.500%) due 02/21/2028 ~  | $1800 | 1858 |
| 15.320% (BNMMDTSC + 11.690%) due 02/26/2031 ~  | 4800 | 5087 |
| **Yellow Tulip Assetco BV** <br>0.000% due 07/30/2036 « | 45750 | 53744 |
| **Yellow Tulip Bidco BV** <br>0.000% due 07/30/2036 « | 47123 | 21074 |
|  |  | 5364901 |
| **INDUSTRIALS 4.8%**  |  |  |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | $25555 | 25721 |
| **Altice France SA**  |  |  |
| 4.750% due 10/15/2030  | 6704 | 7428 |
| 6.500% due 10/15/2031  | $17943 | 17053 |
| 6.500% due 04/15/2032  | 32126 | 30818 |
| 6.875% due 10/15/2030  | 33060 | 32096 |
| 6.875% due 07/15/2032  | 23348 | 22405 |
| 7.250% due 11/01/2029  | 2695 | 3157 |
| 9.500% due 11/01/2029  | $34916 | 36072 |
| **Amdocs Ltd.** <br>2.538% due 06/15/2030 | 23200 | 21324 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | 24914 | 22820 |
| 3.000% due 04/15/2030  | 14629 | 14157 |
| 3.150% due 08/15/2033 (n)  | 1263 | 1196 |
| 3.200% due 12/15/2029  | 8134 | 7962 |
| 3.350% due 04/15/2031  | 17372 | 16882 |
| 3.375% due 11/01/2028  | 29603 | 29240 |
| 3.575% due 07/15/2029  | 7445 | 7373 |
| 3.600% due 03/22/2029  | 2705 | 2681 |
| 3.650% due 12/15/2029  | 2923 | 2839 |
| 3.650% due 08/15/2030  | 9557 | 9398 |
| 3.700% due 04/01/2028  | 12647 | 12602 |
| **Bayer U.S. Finance LLC** <br>6.375% due 11/21/2030 | 6000 | 6417 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 4107935 | 4343766 |
| **Bioceanico Sovereign Certificate Ltd.** <br>0.000% due 06/05/2034 (h) | 1826 | 1498 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 13187 | 13162 |
| 2.950% due 02/01/2030  | 19314 | 18307 |
| 3.200% due 03/01/2029  | 10000 | 9699 |
| 3.450% due 11/01/2028  | 4404 | 4318 |
| 3.625% due 02/01/2031  | 40180 | 38617 |
| 5.040% due 05/01/2027  | 125660 | 127001 |
| 5.150% due 05/01/2030 (n)  | 35000 | 35975 |
| 6.259% due 05/01/2027  | 71656 | 73552 |
| 6.298% due 05/01/2029  | 73606 | 78154 |
| 6.388% due 05/01/2031  | 28100 | 30507 |
| 6.528% due 05/01/2034  | 4600 | 5091 |
| **British Airways Pass-Through Trust**  |  |  |
| 2.900% due 09/15/2036  | 11038 | 10115 |
| 3.300% due 06/15/2034  | 2081 | 1969 |
| 3.800% due 03/20/2033  | 3342 | 3283 |
| **Broadcom, Inc.**  |  |  |
| 2.450% due 02/15/2031  | 34500 | 31572 |
| 2.600% due 02/15/2033 (n)  | 26905 | 23739 |
| 3.187% due 11/15/2036  | 3200 | 2715 |
| 3.419% due 04/15/2033  | 13531 | 12529 |
| **Carvana Co.**  |  |  |
| 9.000% due 06/01/2030  | 222865 | 233873 |
| 9.000% due 06/01/2031  | 266687 | 301118 |
| **CDW LLC/CDW Finance Corp.**  |  |  |
| 2.670% due 12/01/2026  | 64300 | 63468 |
| 3.276% due 12/01/2028  | 16500 | 16036 |
| 3.569% due 12/01/2031  | 39400 | 36719 |
| **Centene Corp.**  |  |  |
| 2.450% due 07/15/2028  | 7500 | 7028 |
| 4.625% due 12/15/2029  | 6100 | 5921 |
| **Claritev Corp. (6.500% Cash and 0.750% PIK)** <br>6.750% due 03/31/2031 (d) | 34225 | 27380 |
| **CLN Magnetto Group** <br>7.800% due 10/25/2031 « | 148000 | 148811 |
| **CommonSpirit Health**  |  |  |
| 4.352% due 09/01/2030  | 49340 | 49148 |
| 4.975% due 09/01/2035  | 49200 | 48641 |
| **CVS Pass-Through Trust**  |  |  |
| 4.163% due 08/11/2036  | 4422 | 4132 |
| 5.773% due 01/10/2033  | 3259 | 3324 |
| 5.880% due 01/10/2028  | 353 | 356 |
| 7.507% due 01/10/2032  | 2787 | 2958 |
| **DISH DBS Corp.**  |  |  |
| 5.250% due 12/01/2026  | 284326 | 275939 |
| 5.750% due 12/01/2028  | 252793 | 248338 |
| **Energy Transfer LP**  |  |  |
| 4.400% due 03/15/2027  | 4145 | 4160 |
| 4.950% due 05/15/2028  | 4355 | 4430 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 72600 | 84914 |
| **Gazprom PJSC Via Gaz Capital SA**  |  |  |
| 4.950% due 03/23/2027  | $24600 | 21525 |
| 4.950% due 02/06/2028  | 15900 | 13118 |
| 7.288% due 08/16/2037  | 30730 | 23048 |
| 8.625% due 04/28/2034  | 141090 | 116400 |
| **Greene King Finance PLC**  |  |  |
| 5.106% due 03/15/2034  | 1012 | 1359 |
| 5.700% (BP0003M + 1.800%) due 12/15/2034 ~  | 427 | 535 |
| **Imperial Brands Finance PLC** <br>3.500% due 07/26/2026 | $906 | 902 |
| **JetBlue Pass-Through Trust**  |  |  |
| 2.750% due 11/15/2033  | 2141 | 1925 |
| 4.000% due 05/15/2034  | 47770 | 45583 |
| **MercadoLibre, Inc.** <br>4.900% due 01/15/2033 | 60100 | 59594 |
| **Mitchells & Butlers Finance PLC**  |  |  |
| 4.435% (US0003M + 0.450%) due 12/15/2030 ~  | 22 | 22 |
| 6.013% due 12/15/2030  | 3169 | 4318 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 (n) | $5061 | 4445 |
| **MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)** <br>11.500% due 12/31/2030 (d) | 7939 | 8403 |
| **National Football League** <br>5.480% due 10/05/2028 «(l) | 76800 | 78563 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 4.345% due 09/17/2027  | 74963 | 74002 |
| 4.810% due 09/17/2030  | 212402 | 200380 |
| 7.500% due 07/17/2030  | 98700 | 103658 |
| 7.750% due 07/17/2032  | 42825 | 45528 |
| 8.125% due 07/17/2035  | 61200 | 65088 |
| **NPC Ukrenergo** <br>6.875% due 11/09/2028 | 3480 | 2993 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(e)  | 105630 | 24770 |
| 5.500% due 04/12/2037 ^(e)  | 117045 | 27389 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.000% due 11/15/2026 ^(e)  | 54167 | 13000 |
| 9.000% due 04/03/2049 ^(e)  | 4000 | 1024 |
| 9.750% due 05/17/2035 ^(e)  | 43640 | 11346 |
| **Petroleos Mexicanos**  |  |  |
| 5.950% due 01/28/2031  | 176125 | 170571 |
| 6.700% due 02/16/2032  | 412739 | 411895 |
| 6.750% due 09/21/2047  | 71382 | 58738 |
| 6.950% due 01/28/2060  | 57150 | 46564 |
| 7.690% due 01/23/2050  | 16197 | 14527 |
| **Prime Property Fund LLC**  |  |  |
| 5.250% due 09/30/2029 «(l)  | 34500 | 34642 |
| 5.440% due 09/30/2031 «(l)  | 34500 | 34574 |
| **Prosus NV**  |  |  |
| 1.288% due 07/13/2029  | 19700 | 21664 |
| 1.985% due 07/13/2033  | 26300 | 27032 |
| 2.085% due 01/19/2030  | 27600 | 30901 |
| 2.778% due 01/19/2034  | 20944 | 22591 |
| 3.061% due 07/13/2031  | $47100 | 42908 |
| 4.193% due 01/19/2032  | 28000 | 26813 |
| **Rolls-Royce PLC**  |  |  |
| 3.375% due 06/18/2026  | 3835 | 5157 |
| 4.625% due 02/16/2026  | 45275 | 53394 |
| 5.750% due 10/15/2027  | 29673 | 40888 |
| **Russian Railways Via RZD Capital PLC** <br>7.487% due 03/25/2031 ^(e) | 60389 | 56981 |
| **Saudi Arabian Oil Co.** <br>4.750% due 06/02/2030 | $197600 | 200377 |
| **Spirit Airlines Pass-Through Trust** <br>3.375% due 08/15/2031 | 120 | 113 |
| **Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC** <br>5.152% due 09/20/2029 | 13979 | 14105 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 52436 | 81457 |
| **Times Square Hotel Trust** <br>8.528% due 08/01/2026 | $163 | 163 |
| **Topaz Solar Farms LLC**  |  |  |
| 4.875% due 09/30/2039  | 7713 | 6913 |
| 5.750% due 09/30/2039  | 57577 | 57957 |
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 5107 | 4379 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 7727 | 7109 |
| 3.500% due 09/01/2031  | 2863 | 2770 |
| 4.000% due 10/11/2027  | 2187 | 2187 |
| 4.150% due 02/25/2033  | 3123 | 3074 |
| 5.875% due 04/15/2029  | 78210 | 80250 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 (n) | 1556 | 1620 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 31870 | 29900 |
| 3.875% due 11/01/2033  | 10800 | 9267 |
| 4.125% due 08/15/2031  | 10300 | 9380 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 138600 | 133492 |
| 8.125% due 06/01/2028 (n)  | 259800 | 263293 |
| 8.375% due 06/01/2031  | 53075 | 52810 |
| 9.500% due 02/01/2029  | 215900 | 223910 |
| 9.875% due 02/01/2032  | 133350 | 137844 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 101800 | 103727 |
| 6.500% due 01/15/2034  | 41020 | 42035 |
| 6.750% due 01/15/2036  | 46200 | 47344 |
| **Volkswagen Group of America Finance LLC** <br>5.300% due 03/22/2027 (n) | 100000 | 101265 |
| **Woodside Finance Ltd.** <br>5.100% due 09/12/2034 (n) | 42600 | 42107 |
| **Yellowstone Energy LP** <br>5.750% due 12/31/2026 | 762 | 754 |
|  |  | 10470264 |
| **UTILITIES 0.9%**  |  |  |
| **Edison International** <br>6.250% due 03/15/2030 (n) | 40350 | 42218 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 3358 | 3316 |
| **Gazprom PJSC via Gaz Finance PLC**  |  |  |
| 1.500% due 02/17/2027  | 137850 | 125551 |
| 2.950% due 01/27/2029  | $93400 | 67715 |
| 3.000% due 06/29/2027  | 12000 | 10080 |
| **ONEOK, Inc.** <br>4.750% due 10/15/2031 | 28935 | 29101 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 44031 | 42713 |
| 2.500% due 02/01/2031  | 51959 | 46827 |
| 2.950% due 03/01/2026  | 69389 | 69222 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.000% due 06/15/2028  | 85600 | 83034 |
| 3.150% due 01/01/2026  | 223783 | 223783 |
| 3.250% due 06/01/2031  | 86160 | 80309 |
| 3.300% due 03/15/2027  | 83737 | 82878 |
| 3.300% due 12/01/2027  | 164659 | 162230 |
| 3.500% due 08/01/2050  | 24300 | 16417 |
| 3.750% due 07/01/2028  | 176652 | 174536 |
| 3.750% due 08/15/2042  | 2902 | 2204 |
| 4.000% due 12/01/2046  | 36917 | 27793 |
| 4.200% due 03/01/2029  | 65400 | 65015 |
| 4.250% due 03/15/2046  | 60021 | 47179 |
| 4.300% due 03/15/2045  | 30801 | 24551 |
| 4.400% due 03/01/2032  | 67000 | 65407 |
| 4.450% due 04/15/2042  | 46785 | 38851 |
| 4.550% due 07/01/2030  | 346519 | 345175 |
| 4.600% due 06/15/2043  | 47354 | 39568 |
| 4.650% due 08/01/2028  | 19885 | 20036 |
| 4.750% due 02/15/2044  | 4345 | 3684 |
| 5.450% due 06/15/2027  | 23667 | 24076 |
| 5.900% due 06/15/2032  | 20000 | 20986 |
| 6.400% due 06/15/2033 (n)  | 4948 | 5345 |
| **Peru LNG SRL** <br>5.375% due 03/22/2030 | 1050 | 1018 |
| **Project Falkor Deposit** <br>0.000% due 03/31/2026 « | 26906 | 31620 |
| **Rio Oil Finance Trust**  |  |  |
| 8.200% due 04/06/2028  | $12588 | 13044 |
| 9.750% due 01/06/2027  | 5497 | 5671 |
| **Sprint Capital Corp.** <br>8.750% due 03/15/2032 | 25100 | 30371 |
|  |  | 2071524 |
| Total Corporate Bonds & Notes (Cost $17,679,076) |  | 17906689 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **CIFI Holdings Group Co. Ltd.** <br>0.000% due 06/30/2029 «(h)(l) | 23881 | 1731 |
| **Country Garden Holdings Co. Ltd.** <br>0.000% due 12/31/2031 «(h) | 59523 | 7738 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(h)  | 5712 | 914 |
| 0.000% due 06/23/2028 «(h)  | 679 | 146 |
| Total Convertible Bonds & Notes (Cost $10,747) |  | 10529 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **CALIFORNIA 0.0%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 3.000% due 06/01/2046  | 4580 | 4160 |
| 3.714% due 06/01/2041  | 1100 | 856 |
| 3.850% due 06/01/2050  | 2675 | 2446 |
| 4.214% due 06/01/2050  | 26895 | 19693 |
|  |  | 27155 |
| **ILLINOIS 0.0%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010**  |  |  |
| 6.630% due 02/01/2035  | 20569 | 21745 |
| 6.725% due 04/01/2035  | 5615 | 5952 |
| 7.350% due 07/01/2035  | 15314 | 16685 |
|  |  | 44382 |
| Total Municipal Bonds & Notes (Cost $79,590) |  | 71537 |
| **U.S. GOVERNMENT AGENCIES 61.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 1.500% due 05/01/2041 | 685 | 584 |
| 2.000% due 03/01/2026 - 03/01/2028 | 23 | 23 |
| 2.500% due 08/01/2027 - 10/01/2051 | 102701 | 91379 |
| 3.000% due 01/01/2026 - 04/01/2052 | 400027 | 362425 |
| 3.500% due 08/01/2038 - 03/01/2051 | 343426 | 322928 |
| 4.000% due 10/01/2038 - 03/01/2053 | 106650 | 103052 |
| 4.500% due 06/01/2038 - 08/01/2053 | 9693 | 9607 |
| 5.000% due 05/01/2026 - 01/01/2056 | 8279799 | 8263061 |
| 5.500% due 04/01/2027 - 12/01/2055 | 1505013 | 1528471 |
| 5.839% due 04/01/2036 •  | 2 | 2 |
| 5.971% due 01/01/2033 •  | 3 | 3 |
| 5.995% due 08/01/2034 •  | 1 | 1 |
| 6.000% due 07/01/2026 - 09/01/2054 | 120334 | 123953 |
| 6.034% due 11/01/2031 •  | 4 | 5 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.073% due 07/01/2034 •  | 13 | 14 |
| 6.099% due 10/01/2032 •  | 5 | 5 |
| 6.102% due 05/01/2035 •  | 8 | 9 |
| 6.221% due 07/01/2033 •  | 2 | 2 |
| 6.234% due 01/01/2035 •  | 16 | 17 |
| 6.245% due 12/01/2037 •  | 1 | 1 |
| 6.247% due 03/01/2031 •  | 3 | 3 |
| 6.298% due 09/01/2033 •  | 18 | 18 |
| 6.355% due 09/01/2031 •  | 35 | 36 |
| 6.363% due 09/01/2034 •  | 21 | 21 |
| 6.372% due 03/01/2032 •  | 27 | 28 |
| 6.375% due 09/01/2032 •  | 16 | 16 |
| 6.378% due 09/01/2033 •  | 1 | 1 |
| 6.417% due 05/01/2037 •  | 1 | 1 |
| 6.428% due 12/01/2034 •  | 1 | 1 |
| 6.473% due 05/01/2033 •  | 3 | 3 |
| 6.500% due 10/01/2028 - 05/01/2055 | 897178 | 932906 |
| 6.508% due 09/01/2037 •  | 1 | 1 |
| 6.528% due 05/01/2029 •  | 1 | 1 |
| 6.560% due 09/01/2037 •  | 1 | 1 |
| 6.565% due 12/01/2033 •  | 12 | 13 |
| 6.625% due 01/01/2035 •  | 9 | 9 |
| 6.686% due 07/01/2033 •  | 1 | 1 |
| 6.923% due 11/01/2035 •  | 29 | 30 |
| 7.000% due 01/01/2043 - 07/01/2055 | 728131 | 766308 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 1.136% due 09/25/2030 ~(a) | 197803 | 8335 |
| 1.363% due 06/25/2030 ~(a) | 86124 | 4217 |
| 1.427% due 05/25/2030 ~(a) | 303206 | 15794 |
| 3.979% due 09/25/2035 ~(a) | 57950 | 8894 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 0.000% due 08/15/2056 - 08/15/2057 (b)(h) | 120178 | 80665 |
| 0.703% due 12/15/2042 •  | 1364 | 1106 |
| 1.703% due 01/15/2041 •  | 695 | 651 |
| 1.733% due 01/15/2038 ~(a) | 9173 | 466 |
| 1.852% due 11/15/2037 •(a) | 3209 | 319 |
| 1.952% due 08/15/2037 •(a) | 444 | 43 |
| 2.102% due 06/15/2038 - 01/15/2042 •(a) | 2174 | 216 |
| 2.342% due 03/15/2037 •(a) | 2201 | 228 |
| 2.352% due 03/15/2037 - 06/15/2039 •(a) | 1054 | 109 |
| 2.452% due 09/15/2036 •(a) | 860 | 74 |
| 2.472% due 09/15/2036 •(a) | 514 | 55 |
| 2.552% due 04/15/2036 - 05/15/2036 •(a) | 3047 | 366 |
| 2.652% due 01/15/2037 •(a) | 337 | 34 |
| 2.663% due 02/15/2040 •  | 380 | 360 |
| 3.000% due 03/15/2027 - 12/15/2032 (a) | 434 | 9 |
| 3.052% due 08/15/2036 •(a) | 873 | 103 |
| 3.500% due 08/15/2042 | 6361 | 6056 |
| 4.000% due 01/15/2041 | 3542 | 3501 |
| 4.000% due 09/15/2048 (a) | 415 | 65 |
| 4.498% due 12/15/2046 •  | 13796 | 13571 |
| 4.548% due 06/15/2049 •  | 7485 | 7359 |
| 5.000% due 01/15/2034 - 05/15/2038 | 1676 | 1718 |
| 5.500% due 08/15/2036 - 06/15/2041 | 11330 | 11874 |
| 6.000% due 02/15/2031 - 02/15/2032 | 286 | 296 |
| 6.500% due 04/15/2029 - 11/25/2049 | 3865 | 4103 |
| 7.000% due 06/15/2029 - 03/15/2032 | 23 | 24 |
| 7.250% due 09/15/2030 | 3 | 3 |
| 7.500% due 09/15/2030 | 28 | 29 |
| 7.903% due 12/15/2031 - 02/15/2032 •  | 213 | 233 |
| 8.500% due 06/15/2031 | 14 | 15 |
| 10.274% due 10/15/2031 •  | 10 | 10 |
| **Federal Home Loan Mortgage Corp. STRIPS**  |  |  |
| 2.963% due 11/15/2043 •  | 7825 | 7948 |
| 3.000% due 12/15/2042 - 10/15/2047 (a) | 30126 | 4563 |
| 3.123% due 08/15/2044 •  | 4017 | 3950 |
| 3.500% due 12/15/2042 (a) | 3094 | 500 |
| 4.000% due 09/15/2048 (a) | 3526 | 455 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.106% due 08/25/2031 •  | 3 | 3 |
| 5.429% due 07/25/2044 •  | 3 | 3 |
| **Federal National Mortgage Association**  |  |  |
| 1.500% due 12/01/2040 - 06/01/2051 | 794 | 667 |
| 2.000% due 10/01/2026 - 11/01/2051 | 11967 | 9851 |
| 2.500% due 02/01/2028 - 09/01/2051 | 52519 | 45054 |
| 3.000% due 01/01/2026 - 11/01/2051 | 1977135 | 1796933 |
| 3.500% due 01/01/2026 - 06/01/2051 | 443263 | 417609 |
| 3.564% due 04/01/2027 •  | 8 | 8 |
| 4.000% due 01/01/2026 - 01/01/2059 | 916718 | 887142 |
| 4.239% due 03/01/2033 •  | 3 | 3 |
| 4.500% due 04/01/2028 - 09/01/2053 | 41393 | 41202 |
| 5.000% due 06/01/2026 - 01/01/2056 | 5146957 | 5137646 |
| 5.277% due 10/01/2044 •  | 1 | 1 |
| 5.477% due 10/01/2040 •  | 7 | 7 |
| 5.500% due 06/01/2048 - 12/01/2055 | 1247302 | 1266952 |
| 5.851% due 02/01/2034 •  | 181 | 184 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.905% due 11/01/2033 •  | 4 | 4 |
| 5.923% due 09/01/2030 •  | 2 | 2 |
| 5.930% due 12/01/2033 •  | 5 | 5 |
| 5.965% due 12/01/2035 •  | 11 | 12 |
| 6.000% due 01/01/2027 - 09/01/2054 | 159339 | 164213 |
| 6.135% due 07/01/2032 •  | 3 | 3 |
| 6.145% due 09/01/2031 •  | 25 | 26 |
| 6.193% due 08/01/2033 •  | 4 | 4 |
| 6.249% due 09/01/2035 •  | 2 | 2 |
| 6.269% due 03/01/2033 •  | 17 | 17 |
| 6.319% due 10/01/2032 •  | 2 | 2 |
| 6.348% due 04/01/2028 •  | 1 | 1 |
| 6.439% due 10/01/2036 •  | 1 | 1 |
| 6.447% due 04/01/2032 •  | 3 | 3 |
| 6.500% due 02/01/2026 - 10/01/2055 | 405306 | 421668 |
| 6.635% due 04/01/2033 •  | 1 | 1 |
| 7.000% due 07/01/2034 - 10/01/2055 | 625319 | 658183 |
| **Federal National Mortgage Association Benchmark REMICS**<br>5.500% due 04/25/2037 | 2930 | 3021 |
| **Federal National Mortgage Association Grantor Trust**<br>3.956% due 09/25/2031 •  | 396 | 394 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 0.206% due 09/25/2042 •  | 819 | 460 |
| 0.807% due 11/25/2042 •  | 1597 | 1082 |
| 1.861% due 03/25/2041 •(a) | 1562 | 162 |
| 2.011% due 11/25/2049 •(a) | 17120 | 2225 |
| 2.041% due 06/25/2037 •(a) | 256 | 29 |
| 2.061% due 03/25/2037 - 03/25/2049 •(a) | 5289 | 641 |
| 2.081% due 12/25/2036 - 02/25/2037 •(a) | 847 | 69 |
| 2.111% due 04/25/2037 •(a) | 423 | 49 |
| 2.121% due 04/25/2037 •(a) | 650 | 55 |
| 2.161% due 08/25/2035 - 02/25/2043 •(a) | 2658 | 289 |
| 2.311% due 01/25/2038 •(a) | 1012 | 99 |
| 2.361% due 01/25/2040 •(a) | 1012 | 80 |
| 2.391% due 03/25/2037 •(a) | 1231 | 124 |
| 2.411% due 05/25/2037 •(a) | 378 | 33 |
| 2.421% due 06/25/2037 •(a) | 1480 | 181 |
| 2.451% due 04/25/2037 •(a) | 946 | 117 |
| 2.461% due 12/25/2037 •(a) | 900 | 90 |
| 2.500% due 04/25/2042 - 08/25/2042 | 8893 | 8627 |
| 2.561% due 10/25/2036 - 06/25/2040 •(a) | 977 | 100 |
| 2.611% due 11/25/2035 •(a) | 21 | 0 |
| 2.661% due 11/25/2036 •(a) | 276 | 12 |
| 2.711% due 03/25/2036 •(a) | 422 | 32 |
| 2.801% due 04/25/2037 •(a) | 678 | 92 |
| 3.000% due 06/25/2027 - 06/25/2042 (a) | 4909 | 145 |
| 3.011% due 02/25/2038 •(a) | 3102 | 387 |
| 3.211% due 02/25/2037 •(a) | 233 | 28 |
| 4.000% due 12/25/2042 - 12/25/2047 (a) | 899 | 77 |
| 4.246% due 12/25/2036 •  | 15 | 15 |
| 4.306% due 03/25/2034 •  | 1 | 1 |
| 4.389% due 06/25/2029 - 08/25/2036 •  | 2 | 2 |
| 4.439% due 06/25/2049 •  | 3370 | 3306 |
| 4.500% due 12/25/2039 - 07/25/2040 | 2820 | 2824 |
| 4.500% due 12/25/2042 (a) | 671 | 106 |
| 5.000% due 08/25/2033 - 10/25/2041 | 11833 | 12095 |
| 5.109% due 12/25/2050 •  | 10701 | 10694 |
| 5.500% due 11/25/2032 | 815 | 840 |
| 6.000% due 06/25/2029 - 09/25/2031 | 326 | 334 |
| 6.356% due 03/25/2038 •  | 239 | 259 |
| 6.500% due 10/25/2031 - 02/25/2033 | 21 | 22 |
| 6.850% due 12/18/2027 | 1 | 1 |
| 7.000% due 06/25/2032 - 01/25/2048 | 52 | 53 |
| 7.500% due 11/25/2030 - 12/25/2030 | 1 | 0 |
| 8.500% due 06/25/2030 | 28 | 30 |
| **Federal National Mortgage Association REMICS Trust**  |  |  |
| 6.500% due 06/25/2028 | 1 | 1 |
| 7.500% due 06/25/2042 ~ | 7 | 8 |
| **Federal National Mortgage Association Trust**  |  |  |
| 4.339% due 03/25/2044 •  | 1 | 1 |
| 4.389% due 09/25/2032 •  | 4 | 4 |
| 5.000% due 06/25/2043 | 14 | 14 |
| 7.500% due 06/25/2042 | 11 | 11 |
| **Government National Mortgage Association**  |  |  |
| 0.000% due 10/16/2053 ~(a) | 835 | 0 |
| 0.022% due 08/16/2048 ~(a) | 2668 | 1 |
| 1.086% due 03/16/2051 ~(a) | 584 | 0 |
| 3.000% due 01/20/2042 - 04/20/2052 | 243611 | 219332 |
| 3.500% due 01/20/2045 - 07/20/2055 | 1568171 | 1438859 |
| 4.000% due 06/20/2039 - 06/20/2054 | 158989 | 151390 |
| 4.500% due 07/20/2032 - 02/20/2049 | 78095 | 77413 |
| 4.750% due 12/20/2026 - 12/20/2033 •  | 15 | 14 |
| 5.375% due 08/20/2027 - 10/20/2029 •  | 13 | 13 |
| 5.625% due 01/20/2027 - 01/20/2035 •  | 68 | 68 |
| 5.875% due 08/20/2033 •  | 2 | 2 |
| 6.100% due 06/15/2028 - 01/15/2029 | 76 | 78 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.490% due 01/15/2028 - 01/15/2029 | 75 | 76 |
| 6.500% due 01/20/2055 - 05/20/2055 | 413632 | 428202 |
| **Government National Mortgage Association REMICS**  |  |  |
| 2.352% due 10/20/2047 •(a) | 6659 | 937 |
| 3.500% due 03/20/2043 (a) | 236 | 36 |
| 4.000% due 03/20/2043 (a) | 699 | 77 |
| 4.514% due 10/20/2062 •  | 586 | 585 |
| 4.584% due 03/20/2063 •  | 92 | 92 |
| 4.864% due 11/20/2065 - 08/20/2066 •  | 9335 | 9369 |
| 4.884% due 10/20/2066 •  | 2737 | 2747 |
| 4.894% due 09/20/2066 •  | 1390 | 1394 |
| 4.914% due 05/20/2066 - 07/20/2066 •  | 17194 | 17264 |
| 4.944% due 08/20/2066 •  | 2828 | 2841 |
| 4.964% due 04/20/2066 - 11/20/2066 •  | 7695 | 7728 |
| 4.975% due 09/20/2066 •  | 2202 | 2211 |
| 4.977% due 04/20/2068 •  | 16084 | 16282 |
| 5.000% due 07/20/2033 | 75 | 75 |
| 5.114% due 03/20/2066 - 01/20/2067 •  | 8278 | 8333 |
| 5.264% due 03/20/2066 •  | 2100 | 2117 |
| 5.500% due 04/20/2037 | 139 | 142 |
| 5.592% due 04/20/2067 •  | 9916 | 10036 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.000% due 01/01/2056 - 02/01/2056 | 85000 | 70413 |
| 2.500% due 02/01/2056 | 110550 | 95354 |
| 3.000% due 01/01/2056 - 02/01/2056 | 164300 | 147524 |
| 4.000% due 01/01/2056 - 02/01/2056 | 865276 | 817254 |
| 4.500% due 01/01/2056 - 02/01/2056 | 2194878 | 2136709 |
| 5.000% due 02/01/2056 | 685875 | 683557 |
| 5.500% due 01/01/2056 - 02/01/2056 | 329600 | 332618 |
| 6.000% due 02/01/2056 | 2181700 | 2222010 |
| 6.500% due 01/01/2056 - 02/01/2056 | 1962145 | 2026734 |
| **U.S. Small Business Administration**<br>5.370% due 04/01/2028 | 31 | 31 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 01/01/2041 - 01/01/2056 | 2950 | 2792 |
| 3.000% due 01/01/2041 - 02/01/2056 | 834957 | 774951 |
| 3.500% due 02/01/2056 | 1063865 | 980293 |
| 4.000% due 01/01/2056 - 02/01/2056 | 6911203 | 6552245 |
| 4.500% due 01/01/2056 - 02/01/2056 | 3065300 | 2990343 |
| 5.000% due 01/01/2056 - 02/01/2056 | 6475335 | 6457142 |
| 5.500% due 01/01/2056 - 02/01/2056 | 14588929 | 14780560 |
| 6.000% due 01/01/2056 - 03/01/2056 | 36178578 | 37132151 |
| 6.500% due 01/01/2056 - 03/01/2056 | 29632133 | 30809127 |
| 7.000% due 02/01/2056 | 28400 | 29894 |
| Total U.S. Government Agencies (Cost $135,056,276) |  | 135029406 |
| **U.S. TREASURY OBLIGATIONS 11.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.250% due 08/15/2054 | 338200 | 305879 |
| 4.500% due 11/15/2054 | 1910600 | 1802681 |
| 4.625% due 05/15/2054 | 1587700 | 1529526 |
| **U.S. Treasury Inflation Protected Securities (j)** |  |  |
| 0.250% due 02/15/2050  | 207980 | 119882 |
| 0.625% due 02/15/2043  | 33876 | 25241 |
| 0.750% due 02/15/2042 (p) | 268959 | 209629 |
| 0.750% due 02/15/2045  | 179657 | 131146 |
| 0.875% due 02/15/2047  | 217706 | 157157 |
| 1.000% due 02/15/2046 (p) | 171566 | 129503 |
| 1.000% due 02/15/2048  | 250478 | 183178 |
| 1.000% due 02/15/2049 (p) | 628704 | 452790 |
| 1.375% due 02/15/2044  | 136409 | 114338 |
| 1.500% due 02/15/2053  | 341755 | 266768 |
| 2.125% due 02/15/2040  | 76377 | 75682 |
| 2.125% due 02/15/2041  | 19180 | 18796 |
| 2.500% due 01/15/2029 (p) | 27187 | 28070 |
| 0.125% due 04/15/2026 (p) | 16141 | 16000 |
| 0.125% due 07/15/2026 (p) | 681766 | 677810 |
| 0.125% due 10/15/2026 (p) | 1017950 | 1008563 |
| 0.125% due 01/15/2031 (p) | 24516 | 22859 |
| 0.125% due 07/15/2031 (p) | 116856 | 108308 |
| 0.125% due 01/15/2032 (p) | 100899 | 92231 |
| 0.250% due 07/15/2029 (p) | 1522703 | 1467489 |
| 0.375% due 01/15/2027 (p) | 23605 | 23315 |
| 0.500% due 01/15/2028 (p) | 6186 | 6078 |
| 0.625% due 07/15/2032 (p) | 1218931 | 1143948 |
| 0.750% due 07/15/2028 (p) | 351790 | 347650 |
| 1.125% due 01/15/2033 (p) | 265839 | 255166 |
| 1.375% due 07/15/2033  | 2633091 | 2567505 |
| 1.625% due 04/15/2030  | 1261072 | 1267747 |
| 1.750% due 01/15/2034 (p) | 544243 | 541364 |
| 1.875% due 07/15/2034 (r) | 4163340 | 4181522 |
| **U.S. Treasury Notes**  |  |  |
| 1.500% due 08/15/2026 (r) | 1100 | 1086 |
| 1.625% due 02/15/2026 | 420 | 419 |
| 2.000% due 11/15/2026 (r) | 200 | 198 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 07/31/2032 (r) | 3746703 | 3766973 |
| 4.250% due 08/15/2035 (r) | 175693 | 176983 |
| 4.500% due 04/15/2027 | 2225400 | 2253131 |
| Total U.S. Treasury Obligations (Cost $26,705,997) |  | 25476611 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 29.6%**  |  |  |
| **20 Times Square Trust** <br>3.100% due 05/15/2035 ~ | 100459 | 92591 |
| **ACRA Trust** <br>5.608% due 10/25/2064 þ | 13615 | 13684 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 3.885% due 01/25/2036 ~  | 18 | 16 |
| 4.086% due 08/25/2036 •  | 4728 | 1626 |
| 4.206% due 08/25/2036 •  | 102 | 39 |
| 4.266% due 06/25/2037 •  | 215 | 269 |
| 4.346% due 03/25/2036 •  | 653 | 152 |
| 4.366% due 01/25/2036 •  | 1885 | 1821 |
| 4.386% due 11/25/2035 •  | 1918 | 1849 |
| 4.386% due 01/25/2036 •  | 334 | 319 |
| 4.403% due 11/25/2035 ~  | 23 | 18 |
| 4.531% due 02/25/2036 ~  | 1167 | 732 |
| 4.554% due 07/25/2035 ~  | 129 | 126 |
| 4.708% due 07/25/2035 ~  | 145 | 136 |
| 4.768% due 11/25/2035 ~  | 1278 | 896 |
| 4.796% due 08/25/2035 •  | 1754 | 1600 |
| 4.848% due 08/25/2036 ~  | 1419 | 1218 |
| 4.996% due 01/25/2035 •  | 3265 | 2996 |
| 5.018% due 01/25/2036 ~  | 3566 | 2784 |
| 5.303% due 03/25/2036 ~  | 9577 | 2213 |
| 5.404% due 09/25/2035 ~  | 289 | 252 |
| 5.547% due 01/25/2036 ~  | 458 | 436 |
| 5.742% due 05/25/2035 ~  | 1108 | 1088 |
| 6.436% due 01/25/2035 ~  | 169 | 162 |
| 6.600% due 08/25/2036 ~  | 3205 | 289 |
| 6.819% due 07/25/2035 ~  | 486 | 467 |
| **AG Trust** <br>5.766% due 08/15/2041 •  | 38061 | 38316 |
| **Alba PLC**  |  |  |
| 4.070% due 12/15/2038 •  | 404 | 536 |
| 4.135% due 03/17/2039 •  | 2240 | 2939 |
| **American General Mortgage Loan Trust**  |  |  |
| 0.000% due 09/25/2048  | $105866 | 93207 |
| 0.000% due 03/25/2058  | 63062 | 50120 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.036% due 05/25/2046 •  | 4621 | 4161 |
| 4.036% due 12/25/2046 •  | 19431 | 16986 |
| 4.056% due 10/25/2046 •  | 148 | 74 |
| 4.226% due 09/25/2046 •  | 13147 | 12739 |
| 4.226% due 06/25/2047 •  | 1147 | 1088 |
| 4.729% due 02/25/2047 •  | 25439 | 8726 |
| 4.949% due 11/25/2046 •  | 143333 | 34815 |
| 6.750% due 06/25/2037 þ  | 8253 | 7398 |
| **American Home Mortgage Investment Trust**  |  |  |
| 4.126% due 03/25/2046 •  | 5780 | 5263 |
| 4.166% due 06/25/2046 •  | 11161 | 1901 |
| 4.206% due 12/25/2046 •  | 4492 | 3862 |
| 4.226% due 12/25/2046 •  | 1588 | 1507 |
| 4.246% due 03/25/2046 •  | 6260 | 5683 |
| 4.446% due 11/25/2045 •  | 135 | 97 |
| 4.697% due 10/25/2034 •  | 394 | 392 |
| 5.755% due 09/25/2035 •  | 26728 | 9869 |
| 5.880% due 12/25/2035 •  | 258 | 80 |
| 5.880% due 11/25/2045 •  | 17646 | 6874 |
| 5.908% due 09/25/2035 þ  | 17754 | 9652 |
| 6.000% due 06/25/2035 þ  | 14173 | 9934 |
| **Angel Oak Mortgage Trust**  |  |  |
| 2.387% due 07/25/2066 ~  | 3345 | 2584 |
| 4.800% due 11/25/2067 þ  | 28331 | 28275 |
| 5.338% due 05/27/2069 þ  | 16441 | 16526 |
| 5.985% due 01/25/2069 þ  | 3960 | 3997 |
| 6.197% due 01/25/2069 þ  | 28905 | 29268 |
| 6.500% due 12/25/2067 þ  | 11044 | 11137 |
| **Aran Funding DAC** <br>3.026% due 12/24/2065 •  | 105225 | 123652 |
| **Atlas Funding PLC** <br>4.941% due 01/20/2061 •  | 4707 | 6367 |
| **ATLX Trust**  |  |  |
| 3.850% due 04/25/2063 þ  | $13642 | 13341 |
| 3.850% due 04/25/2064 þ  | 3097 | 3031 |
| **Avon Finance**  |  |  |
| 4.642% due 12/28/2049 •  | 61514 | 83029 |
| 5.492% due 12/28/2049 •  | 15118 | 20447 |
| 6.242% due 12/28/2049 •  | 14835 | 20117 |
| 6.742% due 12/28/2049 •  | 8841 | 11959 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Avon Finance No. 3 PLC**  |  |  |
| 0.000% due 11/28/2050 (b)  | 16523 | 20346 |
| 0.000% due 11/28/2050 (a)  | 9500 | 5 |
| 4.927% due 11/28/2050 •  | 299109 | 404324 |
| 5.577% due 11/28/2050 •  | 31368 | 42409 |
| 6.327% due 11/28/2050 •  | 18535 | 25116 |
| 6.827% due 11/28/2050 •  | 10550 | 14263 |
| 7.327% due 11/28/2050 •  | 11976 | 16192 |
| 7.827% due 11/28/2050 •  | 12851 | 17351 |
| **BAMLL** <br>4.204% due 05/25/2056 ~ | $1269601 | 1222616 |
| **BAMLL Commercial Mortgage Pass-Through Certificates**  |  |  |
| 3.110% due 04/25/2050 «  | 128871 | 126001 |
| 3.110% due 08/25/2052 «  | 45364 | 40744 |
| **BAMLL Commercial Mortgage Securities Trust**  |  |  |
| 0.792% due 07/07/2043 ~(a)  | 974 | 8 |
| 2.847% due 04/20/2042  | 160580 | 132689 |
| 4.185% due 08/15/2046 ~  | 5000 | 4524 |
| 4.915% due 09/15/2038 •  | 200 | 193 |
| **Banc of America Alternative Loan Trust**  |  |  |
| 4.246% due 06/25/2046 •  | 1285 | 1054 |
| 5.500% due 10/25/2033  | 1629 | 1648 |
| 5.500% due 12/25/2035  | 40 | 37 |
| 6.000% due 07/25/2034  | 6553 | 6575 |
| 6.000% due 03/25/2036  | 996 | 931 |
| 6.000% due 06/25/2046  | 81 | 71 |
| 6.000% due 07/25/2046  | 183 | 156 |
| 6.000% due 12/26/2049  | 210 | 165 |
| **Banc of America Funding Corp.** <br>4.440% due 09/25/2048 ~ | 9208 | 8702 |
| **Banc of America Funding Trust**  |  |  |
| 2.764% due 12/20/2034 ~  | 94 | 79 |
| 2.996% due 03/20/2036 ~  | 366 | 297 |
| 3.295% due 05/26/2037 ~  | 27813 | 21811 |
| 3.620% due 04/20/2036 ~  | 263 | 215 |
| 3.976% due 10/25/2036 •  | 3373 | 2907 |
| 4.012% due 06/20/2047 ~  | 866 | 755 |
| 4.052% due 05/26/2037 •  | 2910 | 2607 |
| 4.146% due 03/25/2037 •  | 2072 | 1466 |
| 4.168% due 02/20/2047 •  | 1937 | 1833 |
| 4.216% due 06/25/2037 •  | 1176 | 909 |
| 4.228% due 07/20/2036 •  | 3628 | 3628 |
| 4.228% due 10/20/2036 •  | 2517 | 1977 |
| 4.246% due 08/25/2036 •  | 996 | 833 |
| 4.268% due 06/20/2047 •  | 6983 | 5798 |
| 4.298% due 05/20/2035 •  | 3449 | 3426 |
| 4.309% due 11/20/2035 ~  | 1357 | 1135 |
| 4.328% due 10/20/2046 ~  | 217 | 182 |
| 4.346% due 07/25/2036 •  | 14 | 10 |
| 4.406% due 07/25/2037 •  | 9802 | 9439 |
| 4.408% due 05/20/2036 •  | 63740 | 14737 |
| 4.426% due 07/25/2037 •  | 6422 | 6194 |
| 4.443% due 05/20/2036 ~  | 1179 | 1038 |
| 4.448% due 09/20/2035 ~  | 5 | 5 |
| 4.449% due 03/20/2036 ~  | 25 | 22 |
| 4.468% due 09/20/2035 •  | 2249 | 1752 |
| 4.543% due 11/20/2035 ~  | 1170 | 1011 |
| 4.565% due 09/20/2035 ~  | 80 | 69 |
| 4.646% due 05/25/2037 •  | 798 | 735 |
| 4.654% due 09/20/2046 ~  | 502 | 454 |
| 4.661% due 05/20/2036 ~  | 53 | 47 |
| 4.666% due 04/20/2035 ~  | 66 | 62 |
| 4.703% due 11/20/2035 ~  | 2453 | 2072 |
| 4.766% due 03/20/2036 ~  | 193 | 171 |
| 4.787% due 01/20/2047 ~  | 45 | 39 |
| 4.898% due 04/20/2035 •  | 9271 | 8611 |
| 5.287% due 11/20/2035 ~  | 1383 | 1197 |
| 5.301% due 05/25/2035 ~  | 6 | 6 |
| 5.399% due 05/20/2034 ~  | 288 | 263 |
| 5.459% due 06/20/2035 •  | 338 | 271 |
| 5.500% due 09/25/2034  | 10 | 10 |
| 5.500% due 12/20/2034  | 108 | 108 |
| 5.500% due 04/25/2035  | 59 | 60 |
| 5.500% due 03/25/2036  | 31 | 28 |
| 5.572% due 05/20/2035 ~  | 1342 | 1186 |
| 5.750% due 01/25/2037  | 2004 | 1722 |
| 5.902% due 12/20/2036 ~  | 635 | 627 |
| 6.000% due 05/20/2033  | 12 | 12 |
| 6.000% due 02/25/2034  | 279 | 269 |
| 6.000% due 09/25/2036  | 2132 | 1833 |
| 6.000% due 08/25/2037  | 2353 | 1907 |
| 6.000% due 10/26/2037 ~  | 3991 | 3726 |
| 6.045% due 07/20/2036 ~  | 577 | 581 |
| 6.388% due 04/25/2037 þ  | 173 | 149 |
| 6.738% due 10/20/2035 ~  | 530 | 511 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Banc of America Mortgage Trust**  |  |  |
| 2.623% due 07/25/2035 ~  | 529 | 403 |
| 3.168% due 08/25/2035 ~  | 579 | 537 |
| 3.195% due 12/25/2032 ~  | 131 | 112 |
| 3.497% due 06/25/2035 ~  | 311 | 225 |
| 3.973% due 02/25/2035 ~  | 271 | 234 |
| 4.517% due 10/25/2035 ~  | 1765 | 1661 |
| 4.701% due 01/25/2036 ~  | 447 | 393 |
| 4.832% due 02/25/2036 ~  | 1559 | 1433 |
| 4.951% due 11/20/2046 ~  | 10 | 9 |
| 5.063% due 12/25/2035 ~  | 1161 | 1067 |
| 5.066% due 09/25/2035 ~  | 177 | 159 |
| 5.103% due 02/25/2035 ~  | 61 | 60 |
| 5.105% due 11/25/2035 ~  | 934 | 852 |
| 5.149% due 05/25/2035 ~  | 657 | 557 |
| 5.230% due 08/25/2035 ~  | 994 | 949 |
| 5.316% due 06/25/2035 ~  | 51 | 47 |
| 5.372% due 05/25/2035 ~  | 1428 | 1274 |
| 5.459% due 09/25/2035 ~  | 1346 | 1178 |
| 5.500% due 03/25/2035  | 1420 | 1307 |
| 5.500% due 09/25/2035  | 943 | 825 |
| 5.563% due 01/25/2036 ~  | 1014 | 926 |
| 5.597% due 07/25/2035 ~  | 383 | 366 |
| 5.692% due 03/25/2033 ~  | 59 | 56 |
| 5.822% due 07/25/2034 ~  | 154 | 149 |
| 5.870% due 01/25/2035 ~  | 3525 | 3397 |
| 5.876% due 04/25/2035 ~  | 74 | 74 |
| 6.000% due 09/25/2037  | 66 | 55 |
| 6.000% due 07/25/2046 •  | 1492 | 1328 |
| 6.002% due 12/25/2033 ~  | 17 | 17 |
| 6.372% due 12/25/2033 ~  | 146 | 146 |
| 6.403% due 01/25/2034 ~  | 369 | 368 |
| 6.449% due 05/25/2034 ~  | 194 | 186 |
| 6.620% due 11/25/2035 ~  | 57 | 54 |
| 6.623% due 11/25/2033 ~  | 25 | 24 |
| 6.664% due 09/25/2033 ~  | 657 | 633 |
| 6.870% due 06/25/2034 ~  | 67 | 66 |
| 6.940% due 02/25/2035 ~  | 81 | 79 |
| 6.996% due 04/25/2033 ~  | 129 | 121 |
| **Banc of America Re-REMICS Trust**  |  |  |
| 4.419% due 11/15/2046  | 380986 | 378468 |
| 4.419% due 08/15/2053  | 160044 | 144141 |
| **Bank** <br>0.306% due 02/15/2061 ~(a) | 215517 | 1507 |
| **Bank of America Mortgage Trust** <br>5.750% due 07/20/2032 ~ | 13 | 13 |
| **Barclays Mortgage Loan Trust**  |  |  |
| 0.000% due 07/25/2053 ~  | 164710 | 166017 |
| 0.000% due 03/25/2064 ~  | 3 | 3 |
| 0.000% due 09/25/2065 ~  | 233518 | 243348 |
| 7.385% due 03/25/2064 ~  | 139445 | 143385 |
| **Barrow Funding PLC**  |  |  |
| 0.000% due 11/16/2062  | 34588 | 36587 |
| 4.857% due 11/16/2062 •  | 380484 | 513222 |
| 5.757% due 11/16/2062 •  | 42391 | 57670 |
| 6.257% due 11/16/2062 •  | 21161 | 28733 |
| 7.057% due 11/16/2062 •  | 14131 | 19223 |
| 8.357% due 11/16/2062 •  | 7101 | 9669 |
| 9.857% due 11/16/2062 •  | 7030 | 9570 |
| **Bayview Commercial Asset Trust** <br>4.489% due 01/25/2037 •  | $23 | 22 |
| **BBCCRE Trust** <br>3.966% due 08/10/2033 | 5500 | 5132 |
| **BCAP LLC Trust**  |  |  |
| 0.000% due 12/27/2049 ~  | 83 | 25 |
| 1.008% due 11/26/2036 •  | 4802 | 1415 |
| 3.870% due 11/27/2047 ~  | 19515 | 15354 |
| 3.878% due 08/26/2036 ~  | 8341 | 7555 |
| 3.927% due 06/26/2037 ~  | 4680 | 4182 |
| 3.927% due 06/27/2037 ~  | 3967 | 3514 |
| 3.930% due 06/26/2037 ~  | 706 | 619 |
| 3.997% due 09/27/2037 •  | 2455 | 2327 |
| 4.058% due 06/25/2047 ~  | 1160 | 976 |
| 4.186% due 01/25/2037 •  | 237 | 224 |
| 4.203% due 05/26/2047 ~  | 3048 | 2540 |
| 4.206% due 10/26/2035 ~  | 2228 | 2248 |
| 4.206% due 03/25/2037 •  | 2185 | 2009 |
| 4.226% due 10/25/2036 •  | 953 | 1002 |
| 4.259% due 07/26/2036 ~  | 7877 | 3254 |
| 4.286% due 05/25/2047 •  | 2451 | 2279 |
| 4.429% due 03/26/2035 ~  | 372 | 359 |
| 4.429% due 10/26/2035 ~  | 1405 | 985 |
| 4.463% due 12/20/2035 ~  | 9276 | 3948 |
| 4.474% due 07/26/2036 ~  | 145 | 121 |
| 4.539% due 05/27/2037 ~  | 4201 | 3781 |
| 4.566% due 02/26/2036 ~  | 1035 | 978 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.709% due 05/26/2037 •  | 6848 | 4775 |
| 4.727% due 05/26/2037 •  | 2005 | 1932 |
| 4.970% due 11/26/2035 ~  | 116 | 112 |
| 5.250% due 02/26/2036 ~  | 654 | 247 |
| 5.250% due 04/26/2037  | 1275 | 702 |
| 5.563% due 01/26/2036 ~  | 772 | 626 |
| 5.750% due 04/25/2037  | 4828 | 1994 |
| 5.798% due 02/26/2036 ~  | 9 | 9 |
| 6.000% due 07/26/2036 ~  | 7016 | 3610 |
| 6.000% due 08/26/2037 ~  | 5713 | 5336 |
| 6.246% due 10/25/2047 •  | 3854 | 2913 |
| 6.250% due 12/26/2036 ~  | 4281 | 3846 |
| 8.305% due 04/26/2037 ~  | 4480 | 2014 |
| **BCP Trust** <br>4.664% due 06/15/2038 •  | 2300 | 2052 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 3.176% due 04/25/2035 ~  | 243 | 201 |
| 3.250% due 02/25/2034 ~  | 30 | 29 |
| 3.798% due 04/25/2035 ~  | 248 | 226 |
| 4.039% due 03/25/2036 ~  | 4954 | 4048 |
| 4.084% due 08/25/2036 ~  | 10852 | 7165 |
| 4.092% due 11/25/2035 ~  | 4815 | 2556 |
| 4.139% due 11/25/2036 ~  | 1981 | 838 |
| 4.159% due 08/25/2036 ~  | 2652 | 1185 |
| 4.166% due 02/25/2034 •  | 29 | 28 |
| 4.166% due 08/25/2036 •  | 7768 | 7027 |
| 4.166% due 11/25/2036 •  | 3675 | 3388 |
| 4.166% due 06/25/2046 •  | 5891 | 5454 |
| 4.186% due 12/25/2046 •  | 2125 | 1955 |
| 4.195% due 05/25/2036 ~  | 8637 | 6190 |
| 4.246% due 04/25/2035 ~  | 202 | 197 |
| 4.282% due 09/25/2035 ~  | 806 | 329 |
| 4.286% due 04/25/2036 •  | 2578 | 2352 |
| 4.326% due 02/25/2036 •  | 1161 | 1114 |
| 4.397% due 11/25/2036 ~  | 4005 | 2202 |
| 4.418% due 05/25/2036 ~  | 8067 | 3537 |
| 4.455% due 02/25/2036 ~  | 974 | 683 |
| 4.486% due 04/25/2034 •  | 31 | 31 |
| 4.591% due 02/25/2036 ~  | 5688 | 4730 |
| 4.635% due 09/25/2035 ~  | 3750 | 1609 |
| 4.648% due 06/25/2034 ~  | 229 | 219 |
| 4.668% due 11/25/2035 ~  | 6574 | 4995 |
| 4.701% due 06/25/2034 •  | 716 | 772 |
| 4.714% due 05/25/2036 ~  | 5557 | 2627 |
| 4.718% due 07/25/2035 ~  | 6650 | 4029 |
| 4.727% due 01/25/2047 ~  | 1484 | 714 |
| 4.776% due 11/25/2034 •  | 4124 | 3550 |
| 4.791% due 09/25/2035 ~  | 3064 | 1636 |
| 4.812% due 02/25/2034 ~  | 30 | 29 |
| 4.821% due 07/25/2035 •  | 1533 | 1537 |
| 4.931% due 05/25/2035 ~  | 175 | 171 |
| 4.971% due 01/25/2035 •  | 3752 | 3614 |
| 5.073% due 02/25/2036 ~  | 516 | 484 |
| 5.075% due 07/25/2035 ~  | 15302 | 8910 |
| 5.084% due 01/25/2036 ~  | 8309 | 7906 |
| 5.096% due 01/25/2036 ~  | 1983 | 1888 |
| 5.162% due 01/25/2035 ~  | 206 | 188 |
| 5.167% due 05/25/2035 ~  | 508 | 493 |
| 5.188% due 05/25/2036 ~  | 10 | 6 |
| 5.190% due 10/25/2035 ~  | 8692 | 7158 |
| 5.229% due 01/25/2035 ~  | 42 | 40 |
| 5.235% due 01/25/2034 ~  | 83 | 81 |
| 5.406% due 05/25/2035 ~  | 81 | 78 |
| 5.449% due 04/25/2035 ~  | 72 | 69 |
| 5.496% due 09/25/2034 •  | 5101 | 5109 |
| 5.532% due 09/25/2035 ~  | 3358 | 2582 |
| 5.571% due 07/25/2034 •  | 1414 | 1722 |
| 5.785% due 08/25/2034 ~  | 420 | 411 |
| 6.040% due 12/25/2033 ~  | 154 | 151 |
| 6.300% due 09/25/2034 ~  | 19 | 19 |
| 6.625% due 09/25/2034 ~  | 67 | 66 |
| 6.696% due 07/25/2034 •  | 3609 | 3478 |
| **Bear Stearns ALT-A Trust II** <br>4.192% due 09/25/2047 ~ | 17413 | 8159 |
| **Bear Stearns ARM Trust**  |  |  |
| 3.833% due 07/25/2036 ~  | 1418 | 1235 |
| 3.843% due 11/25/2034 ~  | 632 | 577 |
| 4.050% due 09/25/2034 ~  | 495 | 451 |
| 4.064% due 08/25/2047 ~  | 672 | 590 |
| 4.203% due 05/25/2047 ~  | 1729 | 1557 |
| 4.244% due 06/25/2047 ~  | 4299 | 3858 |
| 4.422% due 02/25/2036 ~  | 240 | 221 |
| 4.475% due 04/25/2034 ~  | 352 | 325 |
| 4.486% due 08/25/2047 ~  | 2794 | 2452 |
| 4.539% due 07/25/2034 ~  | 70 | 66 |
| 4.575% due 02/25/2047 ~  | 1632 | 1465 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.594% due 02/25/2036 ~  | 4 | 4 |
| 4.745% due 07/25/2033 ~  | 47 | 44 |
| 4.750% due 02/25/2034 ~  | 114 | 108 |
| 4.753% due 02/25/2047 ~  | 2362 | 2114 |
| 4.783% due 03/25/2035 ~  | 322 | 297 |
| 4.786% due 02/25/2035 ~  | 355 | 350 |
| 4.852% due 08/25/2035 ~  | 654 | 568 |
| 4.885% due 01/25/2035 ~  | 246 | 238 |
| 4.901% due 04/25/2034 ~  | 199 | 193 |
| 4.905% due 08/25/2035 ~  | 127 | 119 |
| 5.031% due 01/25/2035 ~  | 61 | 59 |
| 5.329% due 02/25/2036 ~  | 972 | 893 |
| 5.702% due 05/25/2037 ~  | 2649 | 2329 |
| 5.761% due 10/25/2033 ~  | 70 | 64 |
| 5.950% due 02/25/2036 •  | 24 | 24 |
| 5.970% due 08/25/2035 •  | 3165 | 2115 |
| 5.976% due 11/25/2034 ~  | 8 | 8 |
| 6.003% due 08/25/2035 ~  | 535 | 533 |
| 6.232% due 11/25/2034 ~  | 148 | 141 |
| 6.273% due 12/25/2046 •  | 3837 | 3283 |
| 6.298% due 12/25/2046 •  | 1321 | 1187 |
| 6.329% due 02/25/2036 ~  | 31 | 30 |
| 6.371% due 01/25/2035 ~  | 13 | 13 |
| 6.420% due 10/25/2035 •  | 756 | 733 |
| 6.596% due 02/25/2036 ~  | 885 | 791 |
| 6.811% due 05/25/2034 ~  | 9 | 9 |
| 7.250% due 07/25/2034 ~  | 16 | 16 |
| **Bear Stearns Mortgage Funding Trust**  |  |  |
| 4.006% due 12/25/2046 •  | 2472 | 2217 |
| 4.056% due 06/25/2037 •  | 33302 | 31716 |
| 4.186% due 03/25/2037 •  | 37982 | 35015 |
| 4.206% due 06/25/2037 •  | 6295 | 5979 |
| 4.246% due 11/25/2036 •  | 11656 | 10943 |
| 4.246% due 02/25/2037 •  | 7059 | 6690 |
| 4.246% due 09/25/2046 •  | 13237 | 11741 |
| 4.266% due 12/25/2036 •  | 3387 | 3357 |
| 4.286% due 08/25/2036 •  | 6765 | 6489 |
| **Bear Stearns Structured Products, Inc. Trust**  |  |  |
| 3.944% due 12/26/2046 ~  | 86 | 69 |
| 5.000% due 01/26/2036 ~  | 3408 | 2408 |
| 7.000% due 07/25/2037 ~  | 29892 | 9594 |
| **Bella Vista Mortgage Trust**  |  |  |
| 4.346% due 05/20/2045 •  | 89 | 57 |
| 4.448% due 01/22/2045 •  | 337 | 324 |
| **Benchmark Mortgage Trust**  |  |  |
| 0.567% due 07/15/2053 ~(a)  | 68256 | 1516 |
| 1.414% due 12/17/2053 ~(a)  | 208159 | 11185 |
| 1.731% due 07/15/2053 ~(a)  | 84210 | 4143 |
| **BINOM Securitization Trust** <br>4.441% due 08/25/2057 ~ | 82558 | 81009 |
| **Bletchley Park Funding PLC** <br>4.600% due 07/27/2070 •  | 15246 | 20596 |
| **BSREP Commercial Mortgage Trust** <br>4.815% due 08/15/2038 •  | $5581 | 5297 |
| **BWAY Mortgage Trust** <br>5.115% due 09/15/2036 •  | 3000 | 2931 |
| **BX Commercial Mortgage Trust** <br>4.763% due 02/15/2039 •  | 5182 | 5177 |
| **BX Trust**  |  |  |
| 4.665% due 02/15/2036 •  | 12386 | 12384 |
| 5.241% due 04/15/2037 •  | 2262 | 2266 |
| **BXP Trust** <br>3.379% due 06/13/2039 | 28700 | 28191 |
| **CALI Mortgage Trust** <br>3.957% due 03/10/2039 | 9000 | 8709 |
| **Canada Square Funding PLC** <br>5.438% (SONIA3M IR + 0.950%) due 06/17/2058 ~ | 639 | 863 |
| **Cascade Funding Mortgage Trust**  |  |  |
| 3.000% due 03/25/2035 ~  | $33284 | 32724 |
| 4.000% due 10/25/2054 ~  | 55197 | 54185 |
| **Cendant Mortgage Capital LLC CDMC Mortgage Pass-Through Certificates** <br>5.187% due 07/25/2033 •  | 34 | 33 |
| **CFCRE Commercial Mortgage Trust** <br>1.057% due 11/10/2049 ~(a) | 138807 | 508 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2063 ~  | 73400 | 66497 |
| 3.250% due 09/25/2063 ~  | 72180 | 65234 |
| 3.250% due 03/25/2064 ~  | 44786 | 40173 |
| 3.250% due 08/25/2064 ~  | 34069 | 30447 |
| 3.250% due 09/25/2064 ~  | 43172 | 38645 |
| 3.375% due 12/25/2064 ~  | 13356 | 11976 |
| 3.375% due 04/25/2065 ~  | 31913 | 28907 |
| 3.500% due 06/25/2062 ~  | 35603 | 32979 |
| 5.124% due 09/25/2055 •  | 36974 | 36931 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.176% due 03/25/2037 ~  | 2430 | 2266 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.246% due 05/25/2036 •  | 8 | 2 |
| 4.380% due 12/25/2035 ~  | 26 | 24 |
| 4.391% due 01/25/2036 ~  | 204 | 184 |
| 4.461% due 09/25/2036 ~  | 6 | 5 |
| 4.746% due 12/25/2037 ~  | 230 | 201 |
| 5.500% due 11/25/2035  | 543 | 383 |
| 6.000% due 10/25/2036  | 448 | 161 |
| 6.000% due 11/25/2036  | 2032 | 838 |
| 6.000% due 12/25/2036  | 1004 | 396 |
| 6.000% due 02/25/2037  | 1503 | 576 |
| 6.000% due 03/25/2037  | 687 | 359 |
| 6.000% due 05/25/2037  | 11186 | 4569 |
| 6.000% due 06/25/2037  | 4760 | 1799 |
| 6.000% due 07/25/2037  | 692 | 294 |
| 6.159% due 06/25/2035 ~  | 1 | 1 |
| 6.182% due 06/25/2035 ~  | 13 | 13 |
| 6.250% due 10/25/2036  | 4087 | 1472 |
| 6.915% due 02/25/2037 ~  | 10 | 10 |
| **ChaseFlex Trust**  |  |  |
| 4.082% due 09/25/2036 ~  | 2997 | 2641 |
| 4.406% due 05/25/2037 •  | 8603 | 8310 |
| 4.446% due 07/25/2037 •  | 8059 | 7176 |
| 6.300% due 06/25/2036 ~  | 8103 | 7211 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates**  |  |  |
| 4.260% due 08/25/2037 þ  | 3555 | 3045 |
| 4.260% due 08/25/2037 •  | 5300 | 4495 |
| 4.526% due 08/25/2037 •  | 3386 | 3081 |
| **Chester A PLC**  |  |  |
| 0.000% due 03/17/2046  | 116570 | 152779 |
| 1.000% due 05/20/2046  | 9 | 45790 |
| 5.176% due 03/17/2046 •  | 102498 | 138474 |
| 6.026% due 03/17/2046 •  | 125536 | 169665 |
| 6.926% due 03/17/2046 •  | 116569 | 157672 |
| 7.776% due 03/17/2046 •  | 71735 | 97088 |
| 8.276% due 03/17/2046 •  | 35868 | 48519 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates**  |  |  |
| 3.996% due 01/25/2036 •  | $1303 | 1264 |
| 4.026% due 05/25/2036 •  | 74 | 72 |
| 4.026% due 08/25/2047 •  | 2838 | 2513 |
| 4.076% due 05/25/2036 •  | 145 | 140 |
| 4.126% due 01/25/2035 •  | 56 | 56 |
| 4.146% due 08/25/2035 •  | 166 | 163 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 3.258% due 02/25/2035 ~  | 3902 | 3238 |
| 3.357% due 04/20/2036 ~  | 188 | 163 |
| 3.429% due 03/25/2035 ~  | 161 | 127 |
| 3.647% due 04/25/2035 ~  | 350 | 247 |
| 3.795% due 05/25/2047 ~  | 952 | 823 |
| 3.821% due 02/25/2034 ~  | 134 | 129 |
| 3.857% due 07/19/2033 ~  | 300 | 291 |
| 3.953% due 09/25/2037 ~  | 451 | 410 |
| 3.999% due 09/20/2035 ~  | 2896 | 2696 |
| 4.027% due 05/20/2036 ~  | 11320 | 10566 |
| 4.065% due 04/25/2047 ~  | 1594 | 1620 |
| 4.103% due 09/20/2036 ~  | 541 | 481 |
| 4.116% due 04/25/2035 •  | 878 | 842 |
| 4.146% due 04/25/2037 •  | 3639 | 1085 |
| 4.166% due 03/25/2037 ~  | 90 | 78 |
| 4.196% due 11/25/2035 •  | 3484 | 994 |
| 4.196% due 05/25/2037 •  | 2546 | 894 |
| 4.196% due 08/25/2037 •  | 3698 | 1094 |
| 4.230% due 05/20/2036 ~  | 1620 | 1437 |
| 4.246% due 10/25/2035 •  | 1064 | 446 |
| 4.246% due 04/25/2046 •  | 230 | 212 |
| 4.284% due 02/25/2047 ~  | 6227 | 5705 |
| 4.306% due 05/25/2035 •  | 167 | 149 |
| 4.326% due 03/25/2036 •  | 4487 | 4265 |
| 4.340% due 11/25/2037 ~  | 12164 | 11441 |
| 4.346% due 05/25/2036 •  | 1840 | 515 |
| 4.357% due 11/25/2037 ~  | 9154 | 8260 |
| 4.368% due 05/20/2036 ~  | 985 | 894 |
| 4.377% due 05/19/2033 ~  | 98 | 91 |
| 4.386% due 03/25/2035 •  | 169 | 161 |
| 4.396% due 05/25/2033 •  | 19 | 17 |
| 4.426% due 04/25/2035 •  | 2542 | 2456 |
| 4.439% due 11/20/2035 ~  | 378 | 353 |
| 4.446% due 03/25/2035 •  | 1129 | 593 |
| 4.446% due 05/25/2035 •  | 9266 | 8309 |
| 4.447% due 11/25/2037 ~  | 12239 | 11391 |
| 4.486% due 03/25/2035 •  | 9486 | 8563 |
| 4.506% due 02/25/2035 •  | 220 | 208 |
| 4.513% due 05/20/2036 ~  | 1858 | 1775 |
| 4.518% due 02/20/2036 ~  | 2334 | 2095 |
| 4.526% due 02/25/2035 •  | 503 | 474 |
| 4.530% due 09/25/2047 ~  | 653 | 586 |
| 4.537% due 06/20/2036 ~  | 3558 | 3137 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.546% due 03/25/2035 •  | 1829 | 883 |
| 4.546% due 02/25/2036 •  | 1 | 0 |
| 4.568% due 10/20/2035 ~  | 606 | 597 |
| 4.586% due 02/25/2035 •  | 4356 | 4116 |
| 4.589% due 08/20/2035 ~  | 2882 | 2724 |
| 4.589% due 04/25/2037 ~  | 1140 | 1065 |
| 4.606% due 09/25/2034 •  | 37 | 36 |
| 4.613% due 04/20/2036 ~  | 781 | 718 |
| 4.624% due 10/20/2034 ~  | 486 | 443 |
| 4.659% due 11/20/2035 ~  | 11841 | 10352 |
| 4.773% due 11/20/2034 ~  | 993 | 952 |
| 4.821% due 03/20/2036 ~  | 2842 | 2652 |
| 4.860% due 01/25/2036 ~  | 1676 | 1594 |
| 4.929% due 09/25/2034 ~  | 13 | 12 |
| 4.953% due 07/25/2034 ~  | 46 | 44 |
| 5.040% due 11/20/2035 ~  | 535 | 440 |
| 5.050% due 09/20/2035 ~  | 5084 | 4894 |
| 5.084% due 03/25/2035 ~  | 49 | 46 |
| 5.087% due 02/20/2035 ~  | 58 | 58 |
| 5.109% due 05/20/2034 ~  | 25 | 24 |
| 5.187% due 09/25/2034 ~  | 80 | 79 |
| 5.209% due 09/20/2034 ~  | 52 | 50 |
| 5.230% due 05/20/2035 ~  | 1199 | 1169 |
| 5.250% due 12/25/2027  | 352 | 205 |
| 5.250% due 07/25/2034  | 100 | 100 |
| 5.276% due 11/20/2034 ~  | 850 | 820 |
| 5.421% due 12/19/2033 ~  | 4 | 4 |
| 5.500% due 04/25/2035  | 10 | 9 |
| 5.500% due 05/25/2035  | 1545 | 1285 |
| 5.500% due 08/25/2035  | 3467 | 1781 |
| 5.500% due 09/25/2035  | 1826 | 1099 |
| 5.500% due 10/25/2035  | 3598 | 1817 |
| 5.500% due 11/25/2035  | 212 | 106 |
| 5.500% due 12/25/2035  | 31 | 16 |
| 5.500% due 01/25/2036  | 618 | 365 |
| 5.593% due 06/25/2047 ~  | 2129 | 2098 |
| 5.750% due 08/25/2034  | 114 | 112 |
| 5.750% due 02/25/2036  | 413 | 176 |
| 5.750% due 02/25/2037  | 186 | 77 |
| 5.750% due 03/25/2037  | 1945 | 810 |
| 5.750% due 05/25/2037  | 5384 | 2506 |
| 5.750% due 07/25/2037  | 1725 | 771 |
| 5.850% due 05/25/2036  | 2089 | 771 |
| 6.000% due 12/25/2035  | 11 | 6 |
| 6.000% due 04/25/2036  | 1444 | 702 |
| 6.000% due 02/25/2037  | 5661 | 2262 |
| 6.000% due 03/25/2037  | 3423 | 1466 |
| 6.000% due 04/25/2037  | 260 | 117 |
| 6.000% due 05/25/2037  | 2893 | 1163 |
| 6.000% due 07/25/2037  | 6288 | 2564 |
| 6.000% due 08/25/2037  | 5124 | 2155 |
| 6.000% due 09/25/2037  | 1881 | 898 |
| 6.000% due 10/25/2037  | 4267 | 2917 |
| 6.000% due 01/25/2038  | 7989 | 3266 |
| 6.007% due 02/20/2036 •  | 1978 | 1834 |
| 6.148% due 02/20/2036 •  | 460 | 434 |
| 6.177% due 10/25/2033 ~  | 13 | 13 |
| 6.224% due 02/20/2036 •  | 485 | 432 |
| 6.241% due 02/25/2034 ~  | 76 | 73 |
| 6.250% due 09/25/2036  | 2031 | 781 |
| 6.250% due 10/25/2036  | 94 | 40 |
| 6.305% due 05/25/2034 ~  | 34 | 34 |
| 6.449% due 02/20/2036 •  | 3054 | 2886 |
| 6.500% due 11/25/2036  | 7574 | 1961 |
| 6.500% due 05/25/2037  | 199 | 87 |
| 6.500% due 10/25/2037  | 14591 | 5429 |
| 6.500% due 11/25/2037  | 3315 | 1100 |
| 6.500% due 12/25/2037  | 20729 | 7499 |
| 6.500% due 11/25/2047  | 12577 | 5989 |
| 6.529% due 12/25/2033 ~  | 26 | 26 |
| 6.589% due 10/20/2034 ~  | 827 | 824 |
| 6.741% due 02/25/2034 ~  | 1 | 1 |
| 6.959% due 06/25/2034 ~  | 312 | 317 |
| **CHL Reperforming Loan Trust REMICS**  |  |  |
| 4.246% due 11/25/2034 •  | 2385 | 2312 |
| 4.246% due 09/25/2035 •  | 383 | 320 |
| 5.709% due 01/25/2034  | 12123 | 11599 |
| **CIM Trust**  |  |  |
| 3.250% due 10/25/2058 ~  | 57036 | 52649 |
| 3.279% due 07/25/2058 ~  | 15069 | 13751 |
| 3.281% due 10/25/2059 ~  | 17191 | 12915 |
| 4.064% due 12/25/2061 ~  | 19311 | 15008 |
| 4.520% due 12/25/2059 ~  | 10152 | 9830 |
| 4.750% due 06/25/2064 ~  | 20962 | 20872 |
| 5.000% due 05/25/2062 ~  | 16811 | 16813 |
| 5.000% due 02/25/2099 þ  | 20781 | 20730 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.031% due 09/25/2059 ~  | 7242 | 7154 |
| 5.176% due 06/25/2064 ~  | 77946 | 73361 |
| 5.479% due 07/25/2061 ~  | 5661 | 5511 |
| 6.639% due 12/25/2067 þ  | 19371 | 19467 |
| **Citicorp Mortgage Securities Trust**  |  |  |
| 5.750% due 06/25/2036  | 74 | 67 |
| 6.000% due 08/25/2036  | 1984 | 1837 |
| **Citicorp Mortgage Securities, Inc.** <br>4.296% due 02/25/2035 •  | 234 | 219 |
| **Citigroup Commercial Mortgage Trust** <br>1.311% due 10/10/2049 ~(a) | 243932 | 678 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 0.000% due 11/25/2064 ~  | 416253 | 346784 |
| 3.375% due 10/25/2062 þ  | 83416 | 78830 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 0.000% due 09/25/2037 ~  | 809 | 84 |
| 0.000% due 03/25/2052 ~  | 357007 | 308695 |
| 0.000% due 01/01/2054 ~  | 221997 | 231615 |
| 0.000% due 10/25/2054 ~  | 67287 | 71173 |
| 0.000% due 09/25/2060 ~  | 109387 | 82874 |
| 0.000% due 09/25/2060 ~(a)  | 629506 | 24036 |
| 0.000% due 10/25/2060 ~  | 60280 | 36997 |
| 0.000% due 10/25/2060 ~(a)  | 803717 | 37532 |
| 0.000% due 05/01/2061 ~  | 37156 | 21328 |
| 0.000% due 05/01/2061 ~(a)  | 885777 | 30055 |
| 0.000% due 08/01/2061 ~  | 22785 | 16337 |
| 0.000% due 08/01/2061 ~(a)  | 950825 | 89497 |
| 0.000% due 12/25/2061 ~  | 368282 | 300403 |
| 0.000% due 02/01/2062 ~  | 678681 | 558612 |
| 0.000% due 03/01/2062 ~  | 710987 | 599040 |
| 0.000% due 07/25/2062 ~  | 1056981 | 867184 |
| 0.000% due 10/25/2062 ~  | 371992 | 336335 |
| 0.000% due 02/25/2063 ~  | 907412 | 749426 |
| 0.000% due 10/25/2063 ~  | 318777 | 235744 |
| 0.000% due 09/25/2064 ~  | 497342 | 424205 |
| 0.000% due 02/25/2065 ~  | 371057 | 327710 |
| 0.000% due 03/01/2065 ~  | 27786 | 14742 |
| 0.000% due 03/01/2065 ~(a)  | 1678423 | 52045 |
| 0.000% due 09/25/2068 ~  | 414650 | 340696 |
| 0.000% due 03/01/2070 ~  | 19056 | 14950 |
| 0.000% due 03/01/2070 ~(a)  | 226627 | 16598 |
| 0.000% due 09/25/2076 ~  | 246928 | 205890 |
| 0.000% due 01/25/2082 (a)  | 295 | 287 |
| 0.010% due 10/01/2075 «(c)  | 2939 | 2951 |
| 0.110% due 10/25/2060 ~(a)  | 706543 | 3856 |
| 0.150% due 09/25/2060 ~(a)  | 568613 | 2479 |
| 0.150% due 05/01/2061 ~(a)  | 791321 | 6159 |
| 0.150% due 03/01/2070 ~(a)  | 209749 | 925 |
| 0.151% due 03/01/2065 ~(a)  | 1271366 | 9262 |
| 0.170% due 08/01/2061 ~(a)  | 860426 | 2340 |
| 1.744% due 03/01/2065 ~  | 1419291 | 1226002 |
| 1.957% due 10/25/2060 ~  | 600401 | 544746 |
| 2.115% due 09/25/2060 ~  | 400664 | 371349 |
| 2.142% due 08/01/2061 ~  | 725840 | 665229 |
| 2.186% due 03/01/2070 ~  | 157330 | 148944 |
| 2.220% due 05/01/2061 ~  | 697709 | 621652 |
| 2.803% due 10/25/2035 ~  | 1386 | 620 |
| 3.125% due 05/01/2061 ~  | 44369 | 33667 |
| 3.224% due 03/01/2065 ~  | 103877 | 74983 |
| 3.250% due 08/01/2061 ~  | 48403 | 40706 |
| 3.424% due 05/25/2047 ~  | 12102 | 9723 |
| 3.500% due 05/01/2061 ~  | 30998 | 23515 |
| 3.750% due 08/01/2061 ~  | 35744 | 30650 |
| 3.758% due 05/01/2061 ~  | 23096 | 17120 |
| 3.822% due 10/25/2060 ~  | 66433 | 55529 |
| 3.916% due 01/25/2037 •  | 111 | 100 |
| 3.948% due 03/25/2037 ~  | 5238 | 3800 |
| 3.976% due 06/25/2036 •  | 314 | 302 |
| 3.985% due 09/25/2060 ~  | 66282 | 57915 |
| 4.000% due 01/25/2066 ~  | 7535 | 6735 |
| 4.058% due 09/25/2037 ~  | 205 | 205 |
| 4.093% due 10/25/2046 ~  | 1025 | 911 |
| 4.145% due 01/25/2082 ~  | 201327 | 176087 |
| 4.159% due 12/25/2035 ~  | 176 | 108 |
| 4.166% due 09/25/2036 •  | 1580 | 1512 |
| 4.176% due 12/25/2034 •  | 229 | 221 |
| 4.196% due 11/25/2036 •  | 2338 | 1870 |
| 4.239% due 08/01/2061 ~  | 28297 | 24561 |
| 4.346% due 09/25/2036 •  | 245 | 234 |
| 4.349% due 08/25/2036 •  | 27561 | 10976 |
| 4.350% due 12/25/2035 ~  | 4058 | 3674 |
| 4.407% due 09/25/2064 ~  | 78929 | 67761 |
| 4.457% due 09/25/2037 ~  | 3333 | 3024 |
| 4.476% due 03/01/2070 ~  | 21753 | 20613 |
| 4.494% due 05/20/2047 •  | 5698 | 5094 |
| 4.701% due 11/25/2036 ~  | 1082 | 932 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.711% due 06/25/2036 ~  | 375 | 363 |
| 4.737% due 08/25/2035 •  | 1290 | 1281 |
| 4.765% due 03/25/2037 ~  | 782 | 722 |
| 4.796% due 09/25/2037 •  | 1412 | 1305 |
| 4.923% due 04/25/2035 ~  | 690 | 662 |
| 5.021% due 03/25/2035 ~  | 6329 | 6186 |
| 5.118% due 11/25/2036 ~  | 2798 | 1825 |
| 5.189% due 10/25/2035 ~  | 12 | 9 |
| 5.250% due 03/25/2037  | 1567 | 1198 |
| 5.250% due 10/01/2075 «(c)  | 1024502 | 1002966 |
| 5.356% due 03/25/2036 •  | 812 | 787 |
| 5.356% due 11/25/2036 ~  | 2234 | 1981 |
| 5.367% due 03/25/2036 ~  | 487 | 477 |
| 5.395% due 08/25/2035 ~  | 114 | 109 |
| 5.417% due 03/25/2037 ~  | 432 | 391 |
| 5.462% due 05/25/2035 ~  | 405 | 388 |
| 5.500% due 11/25/2035  | 648 | 658 |
| 5.645% due 06/25/2036 ~  | 1398 | 1323 |
| 5.750% due 04/25/2047  | 3641 | 1914 |
| 6.000% due 05/25/2035  | 1300 | 1328 |
| 6.000% due 05/25/2037  | 1990 | 1650 |
| 6.000% due 08/25/2037 ~  | 10860 | 4448 |
| 6.050% due 03/25/2036 •  | 77 | 78 |
| 6.123% due 08/25/2035 ~  | 10 | 10 |
| 6.250% due 11/25/2037 ~  | 1953 | 750 |
| 6.490% due 05/25/2035 •  | 4 | 4 |
| 6.500% due 10/25/2036 ~  | 5342 | 2638 |
| 6.746% due 03/25/2034 ~  | 146 | 136 |
| **Citigroup Mortgage Loan Trust, Inc. Mortgage Pass-Through Certificates** <br>3.896% due 09/25/2035 ~ | 202 | 146 |
| **CitiMortgage Alternative Loan Trust**  |  |  |
| 1.604% due 02/25/2037 •(a)  | 1207 | 106 |
| 4.396% due 01/25/2037 •  | 6386 | 5315 |
| 5.750% due 12/25/2036  | 200 | 179 |
| 5.750% due 03/25/2037  | 329 | 291 |
| 5.750% due 04/25/2037  | 2699 | 2406 |
| 6.000% due 07/25/2036  | 180 | 159 |
| 6.000% due 09/25/2036  | 3033 | 2832 |
| 6.000% due 11/25/2036  | 4721 | 4505 |
| 6.000% due 05/25/2037  | 6298 | 5804 |
| 6.000% due 06/25/2037  | 2372 | 2187 |
| 6.000% due 10/25/2037  | 1311 | 1224 |
| **CLNY Trust**  |  |  |
| 5.278% due 11/15/2038 •  | 1116 | 1101 |
| 5.825% due 11/15/2038 •  | 15102 | 14551 |
| **CNL Commercial Mortgage Loan Trust** <br>4.365% due 05/15/2031 •  | 72 | 70 |
| **COLT Mortgage Loan Trust**  |  |  |
| 5.903% due 12/25/2068 þ  | 11531 | 11619 |
| 6.393% due 06/25/2069 þ  | 22717 | 23033 |
| 6.421% due 05/25/2069 þ  | 5296 | 5377 |
| **COLT Trust** <br>1.665% due 09/25/2061 ~ | 20672 | 19176 |
| **COMM Mortgage Trust**  |  |  |
| 0.000% due 04/10/2047 ~(a)  | 6044 | 0 |
| 0.745% due 08/10/2047 ~(a)  | 24042 | 81 |
| 1.290% due 10/10/2049 ~(a)  | 183731 | 360 |
| 2.819% due 01/10/2039  | 2200 | 2125 |
| 3.140% due 10/10/2036  | 13000 | 12430 |
| 4.228% due 05/10/2051  | 1400 | 1380 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 1.104% due 11/25/2035 •(a)  | 2419 | 184 |
| 1.254% due 11/25/2035 •(a)  | 2068 | 156 |
| 1.404% due 08/25/2036 •(a)  | 7289 | 680 |
| 3.116% due 06/25/2046 ~  | 3144 | 2925 |
| 3.184% due 06/25/2037 ~  | 71 | 59 |
| 3.477% due 05/25/2035 ~  | 1719 | 1368 |
| 4.028% due 02/20/2047 •  | 13253 | 10886 |
| 4.038% due 03/20/2047 •  | 13466 | 11867 |
| 4.043% due 12/20/2046 •  | 25720 | 23144 |
| 4.056% due 04/25/2047 •  | 9769 | 8754 |
| 4.058% due 02/20/2047 •  | 4318 | 3571 |
| 4.086% due 06/25/2036 •  | 5971 | 5765 |
| 4.116% due 04/25/2047 •  | 9771 | 8768 |
| 4.126% due 06/25/2037 •  | 12013 | 11113 |
| 4.128% due 08/25/2036 ~  | 255 | 239 |
| 4.136% due 06/25/2047 •  | 8935 | 7483 |
| 4.146% due 06/25/2035 •  | 2889 | 1816 |
| 4.146% due 07/25/2035 •  | 1961 | 1204 |
| 4.146% due 08/25/2035 •  | 863 | 535 |
| 4.146% due 05/25/2037 •  | 3388 | 1351 |
| 4.166% due 06/25/2036 •  | 8352 | 7396 |
| 4.166% due 11/25/2036 •  | 6570 | 6623 |
| 4.166% due 01/25/2037 •  | 16159 | 14609 |
| 4.166% due 05/25/2037 •  | 3388 | 1356 |
| 4.166% due 07/25/2046 •  | 3251 | 3268 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.166% due 09/25/2047 •  | 11655 | 10960 |
| 4.176% due 05/25/2037 •  | 6254 | 2509 |
| 4.196% due 06/25/2035 •  | 2642 | 1820 |
| 4.196% due 07/25/2036 •  | 13252 | 4872 |
| 4.196% due 11/25/2036 •  | 3902 | 1650 |
| 4.196% due 03/01/2038 •  | 3894 | 2831 |
| 4.206% due 11/25/2036 •  | 1636 | 2279 |
| 4.206% due 05/25/2047 •  | 4306 | 4010 |
| 4.216% due 02/25/2037 •  | 302 | 82 |
| 4.226% due 08/25/2046 •  | 9356 | 8363 |
| 4.226% due 09/25/2046 •  | 13956 | 13725 |
| 4.226% due 10/25/2046 •  | 1820 | 1728 |
| 4.246% due 03/25/2035 •  | 1272 | 1208 |
| 4.246% due 02/25/2036 •  | 1061 | 926 |
| 4.246% due 06/25/2036 •  | 60 | 24 |
| 4.246% due 12/25/2036 •  | 326 | 66 |
| 4.246% due 08/25/2037 •  | 1884 | 1180 |
| 4.248% due 07/20/2046 •  | 3613 | 3170 |
| 4.266% due 05/25/2035 •  | 2072 | 2019 |
| 4.266% due 07/25/2046 •  | 9951 | 9206 |
| 4.268% due 03/20/2046 •  | 3176 | 3013 |
| 4.268% due 05/20/2046 •  | 15859 | 14484 |
| 4.268% due 09/20/2046 •  | 6787 | 6609 |
| 4.286% due 05/25/2035 •  | 1163 | 1113 |
| 4.286% due 09/25/2047 •  | 10091 | 9665 |
| 4.325% due 06/25/2037 ~  | 1285 | 1255 |
| 4.326% due 01/25/2037 •  | 23408 | 20539 |
| 4.337% due 09/25/2034 •  | 97 | 90 |
| 4.346% due 04/25/2034 •  | 488 | 471 |
| 4.346% due 05/25/2035 •  | 7873 | 5834 |
| 4.346% due 12/25/2035 •  | 23536 | 14518 |
| 4.346% due 04/25/2036 •  | 6045 | 2177 |
| 4.366% due 07/25/2035 •  | 1191 | 1096 |
| 4.366% due 08/25/2035 •  | 4516 | 4456 |
| 4.386% due 02/25/2036 •  | 1787 | 1559 |
| 4.386% due 07/25/2036 •  | 1447 | 1341 |
| 4.386% due 08/25/2047 •  | 41384 | 36906 |
| 4.396% due 11/25/2035 •  | 2419 | 1151 |
| 4.406% due 08/25/2035 •  | 2983 | 2900 |
| 4.406% due 12/25/2035 •  | 254 | 242 |
| 4.406% due 02/25/2037 •  | 8410 | 7058 |
| 4.406% due 10/25/2046 •  | 1842 | 1761 |
| 4.406% due 08/25/2047 •  | 1507 | 1288 |
| 4.426% due 02/25/2036 •  | 4983 | 4697 |
| 4.426% due 05/25/2036 •  | 3078 | 2709 |
| 4.446% due 12/25/2035 •  | 16602 | 12826 |
| 4.466% due 08/25/2035 •  | 474 | 446 |
| 4.466% due 11/25/2035 •  | 3023 | 2836 |
| 4.488% due 11/20/2035 •  | 4049 | 3696 |
| 4.506% due 09/25/2035 •  | 584 | 429 |
| 4.506% due 10/25/2035 •  | 1207 | 808 |
| 4.508% due 11/20/2035 •  | 22475 | 22055 |
| 4.546% due 09/25/2035 •  | 6761 | 6170 |
| 4.546% due 12/25/2035 •  | 9775 | 9253 |
| 4.578% due 10/25/2034 •  | 2734 | 2728 |
| 4.596% due 01/25/2036 •  | 3143 | 1878 |
| 4.646% due 08/25/2035 •  | 971 | 497 |
| 4.646% due 01/25/2036 •  | 1151 | 1071 |
| 4.654% due 03/25/2047 •  | 2251 | 1804 |
| 4.671% due 11/25/2035 ~  | 148 | 139 |
| 4.694% due 12/25/2035 ~  | 54 | 52 |
| 4.735% due 02/25/2037 ~  | 416 | 374 |
| 4.765% due 12/25/2035 ~  | 32 | 32 |
| 4.846% due 08/25/2035 •  | 3330 | 1744 |
| 4.850% due 08/25/2034 ~  | 1341 | 1275 |
| 4.879% due 11/25/2046 •  | 525 | 483 |
| 4.938% due 03/25/2047 ~  | 4696 | 4450 |
| 4.969% due 06/25/2046 •  | 1744 | 1656 |
| 5.000% due 08/25/2035  | 2272 | 1495 |
| 5.029% due 12/25/2035 •  | 5805 | 5164 |
| 5.123% due 09/25/2034 ~  | 986 | 939 |
| 5.306% due 11/25/2035 •  | 5956 | 5647 |
| 5.339% due 07/20/2035 •  | 837 | 790 |
| 5.379% due 08/25/2035 •  | 1437 | 1255 |
| 5.384% due 12/25/2034 ~  | 3249 | 3263 |
| 5.386% due 11/25/2035 •  | 2464 | 2288 |
| 5.429% due 08/25/2035 •  | 83 | 80 |
| 5.496% due 08/25/2034 •  | 1893 | 1876 |
| 5.496% due 10/25/2034 •  | 1936 | 1928 |
| 5.500% due 01/25/2035  | 11326 | 11400 |
| 5.500% due 02/25/2035  | 229 | 225 |
| 5.500% due 03/25/2035  | 13101 | 11667 |
| 5.500% due 05/25/2035  | 9011 | 7171 |
| 5.500% due 06/25/2035  | 1841 | 1139 |
| 5.500% due 07/25/2035  | 2137 | 1725 |
| 5.500% due 08/25/2035  | 2538 | 2172 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.500% due 09/25/2035  | 18819 | 13162 |
| 5.500% due 10/25/2035  | 2053 | 1154 |
| 5.500% due 11/25/2035  | 9133 | 5780 |
| 5.500% due 12/25/2035  | 7521 | 3595 |
| 5.500% due 01/25/2036  | 4084 | 2964 |
| 5.500% due 02/25/2036  | 25962 | 15572 |
| 5.589% due 08/25/2035 •  | 2437 | 2274 |
| 5.674% due 06/25/2035 •  | 171 | 159 |
| 5.750% due 05/25/2036  | 249 | 91 |
| 5.750% due 08/25/2036  | 3379 | 1630 |
| 5.750% due 03/25/2037  | 3329 | 1672 |
| 5.750% due 06/25/2037  | 2856 | 1207 |
| 5.750% due 07/25/2037  | 764 | 427 |
| 5.750% due 04/25/2047  | 1923 | 974 |
| 5.765% due 11/25/2035 þ  | 3024 | 1346 |
| 6.000% due 11/25/2034  | 5608 | 5832 |
| 6.000% due 02/25/2035  | 15446 | 12020 |
| 6.000% due 02/25/2036  | 26671 | 14030 |
| 6.000% due 03/25/2036  | 8779 | 3904 |
| 6.000% due 04/25/2036  | 12416 | 5708 |
| 6.000% due 05/25/2036  | 14874 | 7277 |
| 6.000% due 06/25/2036  | 7059 | 3726 |
| 6.000% due 07/25/2036  | 7016 | 3625 |
| 6.000% due 08/25/2036  | 3567 | 1980 |
| 6.000% due 11/25/2036  | 3838 | 1931 |
| 6.000% due 01/25/2037  | 760 | 624 |
| 6.000% due 02/25/2037  | 3284 | 1140 |
| 6.000% due 03/25/2037  | 3544 | 1225 |
| 6.000% due 04/25/2037  | 7405 | 3168 |
| 6.000% due 05/25/2037  | 13997 | 5726 |
| 6.000% due 06/25/2037  | 479 | 211 |
| 6.000% due 08/25/2037 •  | 5088 | 2345 |
| 6.000% due 01/25/2047  | 5709 | 3054 |
| 6.074% due 11/25/2035 þ  | 1569 | 698 |
| 6.079% due 10/20/2035 •  | 12107 | 8711 |
| 6.099% due 10/20/2035 •  | 3166 | 2908 |
| 6.250% due 10/25/2036  | 4569 | 2178 |
| 6.250% due 11/25/2036  | 4364 | 1997 |
| 6.250% due 12/25/2036  | 2949 | 1180 |
| 6.250% due 11/25/2046  | 1989 | 872 |
| 6.500% due 05/25/2036  | 2518 | 1124 |
| 6.500% due 06/25/2036  | 823 | 369 |
| 6.500% due 08/25/2036  | 2448 | 695 |
| 6.500% due 09/25/2036  | 6710 | 3233 |
| 6.500% due 12/25/2036  | 2377 | 988 |
| 6.500% due 08/25/2037  | 9608 | 4013 |
| 6.500% due 09/25/2037  | 17745 | 6215 |
| 6.500% due 11/25/2037  | 7767 | 3348 |
| 7.000% due 08/25/2034  | 156 | 166 |
| 7.000% due 09/25/2036  | 24306 | 4756 |
| 7.250% due 08/25/2032  | 24 | 24 |
| 7.500% due 12/25/2034  | 104 | 12 |
| **Countrywide Alternative Loan Trust Resecuritization**  |  |  |
| 3.724% due 08/25/2037 ~  | 804 | 347 |
| 6.000% due 05/25/2036  | 49 | 26 |
| 6.000% due 08/25/2037 ~  | 1098 | 494 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 2.602% due 01/25/2033 ~  | 362 | 331 |
| 3.691% due 09/25/2032 ~  | 119 | 110 |
| 4.496% due 11/25/2031 •  | 379 | 210 |
| 4.496% due 09/25/2035 •  | 2161 | 1411 |
| 4.744% due 11/25/2031 •  | 174 | 90 |
| 4.996% due 11/25/2034 •  | 2530 | 2440 |
| 5.250% due 09/25/2035  | 399 | 308 |
| 5.485% due 11/25/2032 ~  | 104 | 99 |
| 5.676% due 06/25/2046 ~  | 115703 | 110340 |
| 6.000% due 09/25/2033  | 31 | 31 |
| 6.000% due 01/25/2036  | 2539 | 1502 |
| 6.428% due 04/25/2033 ~  | 240 | 237 |
| 6.500% due 01/25/2036  | 353 | 75 |
| 7.000% due 01/25/2036  | 4856 | 787 |
| **Cross Mortgage Trust**  |  |  |
| 5.003% due 11/25/2070 ~  | 15250 | 15290 |
| 5.036% due 11/25/2070 ~  | 46860 | 47007 |
| 5.129% due 09/25/2069 ~  | 7776 | 7791 |
| 5.549% due 12/25/2069 ~  | 15351 | 15475 |
| 6.093% due 04/25/2069 þ  | 21722 | 21944 |
| 6.147% due 07/25/2069 þ  | 19811 | 20055 |
| 6.272% due 06/25/2069 þ  | 28838 | 29188 |
| 6.615% due 03/25/2068 þ  | 15938 | 16019 |
| **CRSNT Trust** <br>0.000% due 04/15/2036 ~(a) | 175301 | 0 |
| **CSAB Mortgage-Backed Trust**  |  |  |
| 5.737% due 05/25/2037 ~  | 13368 | 2786 |
| 6.589% due 12/25/2036 þ  | 15305 | 2006 |
| 6.672% due 06/25/2036 þ  | 193 | 43 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CSFB Mortgage-Backed Pass-Through Certificates**  |  |  |
| 4.196% due 10/25/2035 •  | 2934 | 2494 |
| 5.208% due 01/25/2034 ~  | 50 | 49 |
| 5.500% due 08/25/2034  | 174 | 162 |
| 5.500% due 06/25/2035  | 3040 | 2093 |
| 5.500% due 10/25/2035  | 2393 | 872 |
| 6.000% due 11/25/2035  | 227 | 48 |
| 6.553% due 10/25/2033 ~  | 10 | 10 |
| **CSMC Mortgage-Backed Trust**  |  |  |
| 4.196% due 11/25/2036 •  | 1288 | 785 |
| 4.346% due 07/25/2036 •  | 12979 | 4373 |
| 5.000% due 04/25/2037  | 199 | 163 |
| 5.500% due 03/25/2037  | 6115 | 2794 |
| 5.587% due 04/25/2037 ~  | 11350 | 2734 |
| 5.746% due 04/25/2037 ~  | 37689 | 9134 |
| 6.000% due 08/25/2036  | 3271 | 1408 |
| 6.000% due 02/25/2037  | 1514 | 816 |
| 6.000% due 06/25/2037  | 2110 | 325 |
| 6.079% due 04/25/2037 þ  | 20547 | 5653 |
| 6.250% due 06/25/2036  | 9748 | 5221 |
| 6.250% due 08/25/2036  | 644 | 229 |
| **CSMC Trust**  |  |  |
| 0.000% due 12/25/2054  | 22 | 22 |
| 0.000% due 02/25/2056 ~  | 597498 | 548488 |
| 0.000% due 02/25/2056  | 188 | 184 |
| 0.000% due 07/25/2057 ~  | 10538 | 8219 |
| 0.000% due 07/25/2057  | 236 | 228 |
| 0.000% due 09/25/2057 ~  | 15 | 14 |
| 0.000% due 01/25/2058  | 166 | 162 |
| 0.000% due 04/25/2058 (a)  | 11 | 10 |
| 0.000% due 07/25/2058  | 505 | 489 |
| 0.000% due 01/27/2059 (a)  | 629558 | 0 |
| 0.000% due 01/27/2059  | 313 | 305 |
| 0.000% due 04/25/2059 ~(a)  | 303274 | 18 |
| 0.000% due 09/25/2059 ~  | 287 | 278 |
| 0.000% due 10/25/2060  | 247 | 243 |
| 0.000% due 02/25/2061 ~(a)  | 256964 | 1658 |
| 0.000% due 05/25/2061 ~  | 192 | 191 |
| 0.000% due 11/25/2076 (a)  | 729773 | 0 |
| 0.000% due 11/25/2076  | 1113 | 1010 |
| 0.388% due 02/25/2061 ~(a)  | 222532 | 3872 |
| 0.393% due 05/25/2061 ~(a)  | 385051 | 6649 |
| 1.000% due 02/25/2061 ~(a)  | 100828 | 1754 |
| 1.250% due 02/25/2061 ~  | 100828 | 92883 |
| 1.443% due 05/25/2061 ~(a)  | 435860 | 18706 |
| 1.650% due 05/25/2061 ~  | 256935 | 228940 |
| 2.000% due 01/25/2060 ~  | 15128 | 13788 |
| 2.000% due 10/25/2060 ~  | 20032 | 18312 |
| 2.100% due 05/25/2061 ~  | 40232 | 27472 |
| 2.450% due 05/25/2061 ~  | 33691 | 24584 |
| 2.500% due 02/25/2061 ~  | 27143 | 23427 |
| 2.600% due 12/25/2048 ~  | 203453 | 188644 |
| 2.681% due 07/25/2057 ~  | 392852 | 358157 |
| 2.800% due 05/25/2061 ~  | 28457 | 20004 |
| 2.841% due 07/25/2057 ~  | 37619 | 29999 |
| 3.000% due 02/25/2061 ~  | 20262 | 17216 |
| 3.046% due 02/25/2056 ~  | 357326 | 204556 |
| 3.133% due 07/25/2057 ~  | 217373 | 122656 |
| 3.218% due 07/25/2058 ~  | 2277104 | 1818960 |
| 3.228% due 07/25/2058 ~  | 119848 | 96590 |
| 3.250% due 01/27/2059 ~  | 264741 | 256722 |
| 3.250% due 04/25/2059 ~  | 118690 | 115048 |
| 3.297% due 11/30/2037 ~  | 4189 | 3871 |
| 3.397% due 10/25/2060 ~  | 1226154 | 995873 |
| 3.431% due 11/10/2032  | 8800 | 7086 |
| 3.467% due 10/27/2036 ~  | 34900 | 8975 |
| 3.500% due 04/26/2038 ~  | 790 | 777 |
| 3.500% due 11/25/2076 ~  | 294369 | 287871 |
| 3.536% due 01/25/2058 ~  | 138078 | 113485 |
| 3.612% due 04/25/2059 ~  | 182996 | 139334 |
| 3.613% due 05/25/2061 ~  | 76541 | 43745 |
| 3.715% due 02/25/2061 ~  | 108000 | 73496 |
| 3.779% due 01/27/2059 ~  | 356200 | 272419 |
| 3.815% due 11/25/2076 ~  | 430959 | 327757 |
| 3.874% due 02/25/2061 ~  | 652 | 650 |
| 3.904% due 04/25/2062 ~  | 24476 | 23595 |
| 3.919% due 09/25/2057 ~  | 4210 | 3635 |
| 3.944% due 09/25/2057 ~  | 21900 | 20860 |
| 4.000% due 08/27/2037 ~  | 5711 | 5583 |
| 4.000% due 08/01/2057 ~  | 15204 | 14541 |
| 4.066% due 05/27/2037 •  | 6641 | 5948 |
| 4.209% due 08/27/2037 ~  | 7069 | 6330 |
| 4.261% due 09/25/2057 ~  | 485201 | 426272 |
| 4.345% due 12/25/2054 ~  | 141127 | 112694 |
| 4.349% due 10/27/2036 •  | 1850 | 1467 |
| 4.390% due 07/27/2037 •  | 882 | 858 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.476% due 04/27/2037 ~  | 8150 | 3954 |
| 4.489% due 04/27/2036 ~  | 7438 | 6608 |
| 4.489% due 05/27/2036 ~  | 1289 | 1149 |
| 4.519% due 10/27/2036 •  | 2435 | 728 |
| 4.547% due 05/25/2067 ~  | 13960 | 13924 |
| 4.549% due 05/27/2037 •  | 24961 | 10639 |
| 4.569% due 02/27/2046 •  | 8631 | 1982 |
| 4.699% due 05/27/2053 ~  | 79659 | 72728 |
| 4.706% due 04/26/2047 ~  | 7561 | 4244 |
| 4.720% due 04/25/2058 ~  | 203010 | 193401 |
| 5.118% due 11/26/2036 ~  | 2455 | 1592 |
| 5.200% due 09/25/2059 ~  | 247171 | 233922 |
| 5.265% due 07/15/2038 •  | 28700 | 25703 |
| 5.377% due 08/27/2036 ~  | 4487 | 3650 |
| 5.561% due 04/25/2036 ~  | 3813 | 2707 |
| 6.194% due 09/26/2036 ~  | 327 | 312 |
| 6.743% due 02/27/2047 ~  | 87081 | 32663 |
| 6.778% due 06/01/2050 ~  | 471768 | 470440 |
| 7.000% due 08/26/2036  | 1444 | 361 |
| 7.469% due 07/25/2049 ~  | 468778 | 508533 |
| **CSMC Trust Capital Certificates** <br>6.000% due 04/26/2037 ~ | 406 | 404 |
| **CSMCM Trust**  |  |  |
| 0.000% due 07/25/2049 ~  | 30710 | 25342 |
| 0.000% due 01/27/2059 ~  | 26278 | 21768 |
| 0.000% due 09/25/2059 ~  | 23265 | 19889 |
| 0.000% due 10/27/2060 ~(a)  | 51891 | 40510 |
| 0.000% due 10/27/2060 ~  | 6708 | 5594 |
| 3.139% due 02/25/2061  | 10872 | 8896 |
| 3.500% due 05/25/2061  | 18352 | 14931 |
| 3.657% due 07/25/2049  | 20026 | 23061 |
| 4.232% due 09/25/2057 ~  | 20571 | 17692 |
| 4.373% due 06/25/2048 ~  | 523729 | 451026 |
| 13.174% due 10/25/2058 ~  | 8630 | 7323 |
| **CSWF Corp.** <br>4.931% due 06/15/2034 •  | 173 | 170 |
| **Cupressus Mortgages Holdco SARL** <br>1.000% due 10/24/2050 « | 2000 | 613 |
| **DBGS Mortgage Trust**  |  |  |
| 3.843% due 04/10/2037  | $2690 | 2553 |
| 5.410% due 10/15/2039 •  | 26500 | 26497 |
| **DBJPM Mortgage Trust** <br>1.585% due 09/15/2053 ~(a) | 49898 | 2121 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 18400 | 18962 |
| **Deephaven Residential Mortgage Trust** <br>5.087% due 11/25/2060 þ | 15276 | 15319 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 3.996% due 02/25/2047 •  | 4163 | 2360 |
| 4.086% due 08/25/2036 •  | 2702 | 2508 |
| 4.086% due 01/25/2047 •  | 2158 | 2097 |
| 4.106% due 12/25/2036 •  | 2889 | 994 |
| 4.106% due 08/25/2047 •  | 24859 | 23507 |
| 4.126% due 07/25/2047 •  | 6099 | 5814 |
| 4.146% due 12/25/2036 •  | 1449 | 1353 |
| 4.146% due 03/25/2037 •  | 16250 | 15597 |
| 4.166% due 03/25/2037 •  | 14232 | 6690 |
| 4.196% due 04/25/2035 •  | 1285 | 1169 |
| 4.226% due 08/25/2036 •  | 3117 | 2892 |
| 4.226% due 10/25/2036 •  | 12803 | 3489 |
| 4.226% due 12/25/2036 •  | 2889 | 916 |
| 4.226% due 08/25/2047 •  | 7913 | 7408 |
| 4.246% due 02/25/2047 •  | 6511 | 6274 |
| 4.326% due 01/25/2047 •  | 1757 | 1581 |
| 4.406% due 08/25/2036 •  | 6049 | 5554 |
| 4.501% due 10/25/2035 ~  | 146 | 122 |
| 4.506% due 08/25/2037 •  | 5575 | 4433 |
| 4.546% due 06/25/2037 •  | 31586 | 27584 |
| 4.799% due 04/25/2047 •  | 13196 | 12071 |
| 5.196% due 11/25/2035 •  | 980 | 1924 |
| 5.250% due 09/25/2035 ~  | 2367 | 2158 |
| 5.346% due 10/25/2047 •  | 22120 | 17325 |
| 5.500% due 11/25/2035  | 1811 | 832 |
| 5.500% due 11/25/2035 ~  | 16 | 32 |
| 5.500% due 12/25/2035  | 1084 | 928 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.146% due 04/25/2037 •  | 20269 | 14428 |
| 5.431% due 02/25/2036 ~  | 1423 | 1307 |
| 5.530% due 02/25/2036 ~  | 2445 | 2247 |
| 5.650% due 10/25/2036 ~  | 7352 | 6451 |
| 5.734% due 06/25/2036 ~  | 5246 | 4882 |
| 5.900% due 10/25/2036 ~  | 3150 | 2760 |
| 6.369% due 10/25/2036 þ  | 504 | 441 |
| 6.386% due 10/25/2036 þ  | 80 | 70 |
| 6.420% due 07/25/2036 ~  | 4556 | 3996 |
| 6.600% due 10/25/2036 þ  | 2191 | 1921 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Deutsche Mortgage Securities, Inc. Mortgage Loan Trust** <br>6.279% due 06/25/2034 ~ | 4 | 3 |
| **Dilosk RMBS No. 10 STS DAC** <br>2.772% due 09/24/2060 •  | 11473 | 13487 |
| **Domi BV** <br>2.780% due 06/15/2056 •  | 12410 | 14591 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 3.986% due 03/19/2037 •  | $19470 | 16496 |
| 4.026% due 04/19/2047 •  | 60 | 62 |
| 4.046% due 10/19/2036 •  | 17711 | 12039 |
| 4.266% due 03/19/2045 •  | 772 | 743 |
| 4.346% due 02/19/2045 •  | 393 | 392 |
| 4.506% due 09/19/2045 •  | 1198 | 631 |
| 4.626% due 11/19/2044 •  | 1470 | 1397 |
| 4.646% due 11/19/2044 •  | 28 | 26 |
| 4.666% due 09/19/2044 •  | 1840 | 1694 |
| 4.969% due 04/19/2046 •  | 8448 | 6895 |
| 5.015% due 07/19/2044 ~  | 207 | 197 |
| 5.227% due 07/19/2044 ~  | 5 | 4 |
| **Durham Mortgages A PLC**  |  |  |
| 0.000% due 05/28/2054 (b)  | 50495 | 60041 |
| 0.000% due 05/28/2054  | 10 | 4153 |
| 4.627% due 05/28/2054 •  | 676743 | 914197 |
| 4.977% due 05/28/2054 •  | 51843 | 69884 |
| 5.127% due 05/28/2054 •  | 44096 | 59343 |
| 5.727% due 05/28/2054 •  | 36945 | 49587 |
| 7.027% due 05/28/2054 •  | 25027 | 33552 |
| 8.027% due 05/28/2054 •  | 10725 | 14327 |
| **Durham Mortgages B PLC**  |  |  |
| 0.000% due 05/28/2055 (b)  | 55498 | 63264 |
| 0.000% due 05/28/2055  | 10 | 18 |
| 4.727% due 05/28/2055 •  | 574243 | 774947 |
| 4.977% due 05/28/2055 •  | 45040 | 60571 |
| 5.127% due 05/28/2055 •  | 46041 | 61770 |
| 5.577% due 05/28/2055 •  | 33530 | 44846 |
| 6.527% due 05/28/2055 •  | 28025 | 37403 |
| 7.327% due 05/28/2055 •  | 27523 | 38066 |
| **Dutch Mortgage Finance BV**  |  |  |
| 0.000% due 08/22/2059  | 1830 | 18908 |
| 0.000% due 08/22/2059 •  | 704422 | 829511 |
| 0.000% due 08/22/2067 ~  | 1830 | 63277 |
| 2.804% due 08/22/2067 •  | 849518 | 1000211 |
| 3.104% due 08/22/2067 •  | 66160 | 77949 |
| 3.504% due 08/22/2067 •  | 46312 | 54675 |
| 4.154% due 08/22/2067 •  | 44327 | 52418 |
| 5.554% due 08/22/2067 •  | 28448 | 32774 |
| 7.554% due 08/22/2067 •  | 19849 | 22850 |
| **Dutch Mortgage Warehouse Finance BV** <br>0.000% due 07/31/2027 «~ | 61488 | 72335 |
| **Dutch Property Finance BV** <br>2.972% due 04/28/2064 •  | 4338 | 5116 |
| **E-MAC NL BV** <br>4.325% due 07/25/2036 •  | 154 | 177 |
| **Ellington Financial Mortgage Trust**  |  |  |
| 5.100% due 10/25/2070 þ  | $22372 | 22450 |
| 5.522% due 01/26/2060 þ  | 14212 | 14325 |
| 5.655% due 02/25/2060 þ  | 22645 | 22925 |
| 5.726% due 01/25/2060 þ  | 13589 | 13751 |
| 5.732% due 02/25/2068 þ  | 6869 | 6854 |
| **EMF-U.K. PLC** <br>4.881% due 03/13/2046 •  | 8329 | 11254 |
| **Eucalyptus Mortgages Ltd.** <br>1.000% due 10/24/2050 « | 114247 | 92724 |
| **Eurohome U.K. Mortgages PLC**  |  |  |
| 4.050% due 06/15/2044 •  | 153 | 206 |
| 4.200% due 06/15/2044 •  | 5200 | 6939 |
| 4.250% due 09/15/2044 •  | 1505 | 2018 |
| **Eurosail PLC** <br>4.364% due 09/10/2044 •  | 972 | 1299 |
| **Eurosail-U.K. PLC**  |  |  |
| 4.141% due 03/13/2045 •  | 8082 | 10823 |
| 4.301% due 09/13/2045 •  | 9357 | 12572 |
| 4.671% due 09/13/2045 •  | 16118 | 21221 |
| 4.851% due 06/13/2045 •  | 872 | 1176 |
| **Falkor Placehoder 3meur & 200** <br>4.048% due 12/31/2030 « | 400400 | 428201 |
| **Finance of America HECM Buyout** <br>4.500% due 11/25/2028 ~ | $101433 | 101137 |
| **Finance of America Structured Securities Trust**  |  |  |
| 3.500% due 09/25/2055 þ  | 861395 | 840749 |
| 3.500% due 11/25/2074  | 139382 | 135814 |
| 3.500% due 02/25/2075  | 154760 | 150565 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 1.704% due 04/25/2037 •(a)  | 2342 | 189 |
| 4.145% due 01/25/2036 ~  | 2338 | 1112 |
| 4.216% due 02/25/2037 •  | 155 | 40 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.358% due 02/25/2036 ~  | 48 | 34 |
| 4.572% due 08/25/2035 ~  | 526 | 433 |
| 4.581% due 02/25/2036 ~  | 837 | 673 |
| 4.596% due 04/25/2036 •  | 1242 | 387 |
| 4.958% due 04/25/2035 ~  | 2498 | 2466 |
| 4.991% due 09/25/2036 ~  | 1974 | 1476 |
| 5.064% due 08/25/2034 ~  | 46 | 46 |
| 5.192% due 09/25/2035 ~  | 1404 | 1242 |
| 5.203% due 08/25/2035 ~  | 3 | 2 |
| 5.251% due 04/25/2036 ~  | 531 | 436 |
| 5.395% due 12/25/2035 ~  | 701 | 524 |
| 5.609% due 02/25/2035 ~  | 287 | 275 |
| 5.750% due 02/25/2036  | 2253 | 875 |
| 6.000% due 11/25/2036  | 917 | 221 |
| 6.012% due 03/25/2035 ~  | 148 | 145 |
| 6.250% due 11/25/2036  | 1768 | 444 |
| 6.250% due 08/25/2037  | 80 | 27 |
| **First Horizon Mortgage Pass-Through Trust**  |  |  |
| 0.000% due 10/25/2035 ~  | 37 | 0 |
| 4.531% due 11/25/2037 ~  | 23 | 9 |
| 4.697% due 10/25/2035 ~  | 313 | 284 |
| 4.784% due 01/25/2037 ~  | 306 | 145 |
| 5.185% due 05/25/2037 ~  | 1408 | 554 |
| 5.713% due 11/25/2037 ~  | 791 | 568 |
| 5.750% due 05/25/2037  | 131 | 39 |
| 5.998% due 08/25/2035 ~  | 31 | 20 |
| **Fremont Home Loan Trust** <br>4.671% due 01/25/2034 •  | 980 | 940 |
| **GCAT Trust**  |  |  |
| 3.450% due 10/25/2068 ~  | 1000 | 949 |
| 4.250% due 05/25/2067 ~  | 15914 | 15225 |
| 6.007% due 01/25/2059 þ  | 10607 | 10697 |
| 6.085% due 06/25/2059 þ  | 15146 | 15314 |
| **GMAC Commercial Mortgage Asset Corp.** <br>5.550% due 08/10/2038 | 4327 | 4273 |
| **GMACM Mortgage Loan Trust**  |  |  |
| 0.000% due 05/25/2035 ~  | 300 | 285 |
| 3.602% due 03/18/2035 ~  | 2 | 2 |
| 3.693% due 11/19/2035 ~  | 90 | 74 |
| 3.724% due 11/19/2035 ~  | 41 | 36 |
| 4.058% due 03/18/2035 ~  | 169 | 154 |
| 7.397% due 03/18/2035 ~  | 61 | 62 |
| **Grace Trust** <br>0.301% due 12/10/2040 ~(a) | 174400 | 2342 |
| **Great Hall Mortgages No. 1 PLC** <br>4.192% due 06/18/2039 •  | 19692 | 26380 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.206% due 01/25/2037 •  | $5002 | 4687 |
| 4.246% due 03/25/2047 •  | 8109 | 7732 |
| 4.266% due 04/25/2036 •  | 7295 | 6659 |
| 4.286% due 10/25/2046 •  | 7474 | 7313 |
| 4.366% due 10/25/2045 •  | 149 | 141 |
| 4.386% due 11/25/2045 •  | 25 | 24 |
| 4.466% due 10/25/2045 •  | 1460 | 1364 |
| 4.486% due 09/25/2046 •  | 4468 | 3673 |
| **GreenPoint MTA Trust**  |  |  |
| 4.306% due 06/25/2045 •  | 1121 | 899 |
| 4.326% due 08/25/2045 •  | 124 | 106 |
| **Grifonas Finance No. 1 PLC** <br>2.344% due 08/28/2039 •  | 8976 | 10368 |
| **Grosvenor Square RMBS PLC**  |  |  |
| 0.000% due 03/14/2053  | 1 | 23016 |
| 4.962% due 03/14/2053 •  | 53134 | 71713 |
| 5.762% due 03/14/2053 •  | 64660 | 87269 |
| 6.762% due 03/14/2053 •  | 30790 | 41560 |
| 7.762% due 03/14/2053 •  | 24633 | 33233 |
| 9.262% due 03/14/2053 •  | 15395 | 20773 |
| 10.762% due 03/14/2053 •  | 9237 | 12455 |
| 11.762% due 03/14/2053 •  | 16733 | 22546 |
| **GS Mortgage Securities Corp. Trust**  |  |  |
| 2.856% due 05/10/2034  | $40306 | 35455 |
| 4.997% due 07/15/2035 •  | 6688 | 4414 |
| 5.120% due 12/15/2036 •  | 2488 | 2489 |
| **GS Mortgage Securities Trust**  |  |  |
| 0.000% due 08/10/2044 ~(a)  | 664 | 0 |
| 0.500% due 11/10/2049 ~(a)  | 104184 | 162 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>2.000% due 12/25/2060 ~ | 12600 | 10856 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 0.000% due 06/25/2061 ~  | 244 | 233 |
| 0.000% due 06/25/2061 ~(a)  | 559589 | 24099 |
| 0.000% due 01/25/2062 ~(a)  | 583 | 570 |
| 0.000% due 02/27/2062  | 561 | 456 |
| 0.000% due 02/25/2063  | 1290 | 1220 |
| 0.000% due 07/25/2063  | 351 | 343 |
| 0.000% due 01/25/2064 (b)  | 60 | 59 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.000% due 03/25/2064 (b)  | 1 | 1 |
| 0.000% due 03/25/2064  | 469 | 464 |
| 0.000% due 07/25/2064 (b)  | 140 | 137 |
| 0.000% due 06/25/2065 (b)  | 1102 | 1078 |
| 0.000% due 08/25/2065 (b)  | 629 | 608 |
| 0.000% due 10/25/2065 (b)  | 948 | 907 |
| 0.000% due 12/27/2067 ~(a)  | 2903 | 2531 |
| 0.000% due 08/25/2071 ~  | 902 | 752 |
| 0.049% due 03/25/2065 ~  | 411222 | 408441 |
| 0.661% due 03/25/2052 ~(a)  | 232433 | 9050 |
| 1.000% due 01/10/2075 «(c)  | 118 | 119 |
| 1.000% due 10/01/2075 «(c)  | 163 | 163 |
| 1.625% due 06/25/2061 ~  | 143232 | 134025 |
| 2.250% due 06/25/2061 ~  | 24938 | 21498 |
| 2.500% due 03/25/2052 ~  | 231268 | 194044 |
| 2.500% due 06/25/2061 ~  | 24253 | 20554 |
| 2.676% due 12/27/2067 ~  | 520783 | 448484 |
| 2.750% due 06/25/2061 ~  | 19676 | 16444 |
| 2.968% due 03/25/2052 ~  | 3749 | 1764 |
| 3.011% due 01/25/2064 ~  | 117973 | 100290 |
| 3.161% due 03/25/2052 ~  | 18512 | 16136 |
| 3.161% due 07/25/2064 ~  | 178672 | 155032 |
| 3.177% due 08/25/2071 ~  | 90804 | 85934 |
| 3.290% due 10/25/2065 ~  | 299577 | 265228 |
| 3.298% due 08/25/2065 ~  | 144272 | 130691 |
| 3.398% due 06/25/2065 ~  | 493440 | 438867 |
| 3.634% due 03/25/2064 ~  | 550227 | 469374 |
| 3.693% due 02/25/2063 ~  | 319202 | 277850 |
| 3.702% due 07/25/2064 ~  | 69978 | 63312 |
| 3.729% due 02/27/2062 ~  | 319791 | 282891 |
| 3.750% due 07/25/2061 ~  | 23155 | 22750 |
| 3.900% due 09/25/2061 þ  | 19758 | 19497 |
| 3.996% due 07/25/2063 ~  | 372759 | 347421 |
| 4.025% due 06/25/2061 ~  | 55798 | 43584 |
| 4.100% due 07/25/2065 þ  | 53232 | 52113 |
| 4.103% due 01/25/2062 ~  | 707368 | 673365 |
| 4.694% due 10/01/2075 «(c)  | 1737411 | 1752988 |
| 5.013% due 07/25/2065 þ  | 26722 | 26767 |
| 5.658% due 04/25/2065 ~  | 203707 | 209484 |
| 6.527% due 06/25/2063 ~  | 321423 | 322974 |
| 6.872% due 03/25/2064 ~  | 298280 | 304501 |
| **GSC Capital Corp. Mortgage Trust** <br>4.246% due 02/25/2036 •  | 3143 | 3062 |
| **GSCG Trust** <br>2.936% due 09/06/2034 | 12950 | 10878 |
| **GSMPS Mortgage Loan Trust**  |  |  |
| 4.196% due 01/25/2035 •  | 12449 | 10854 |
| 4.196% due 03/25/2035 •  | 2012 | 1881 |
| 4.246% due 06/25/2034 •  | 19453 | 17579 |
| 7.054% due 10/20/2032 ~  | 7000 | 6621 |
| **GSMSC Pass-Through Trust**  |  |  |
| 4.027% due 09/25/2036 ~  | 705 | 193 |
| 7.500% due 10/25/2036 ~  | 1004 | 108 |
| **GSMSC Resecuritization Trust**  |  |  |
| 3.546% due 04/26/2037 •  | 41767 | 22556 |
| 3.720% due 02/26/2037 •  | 17480 | 16578 |
| 3.986% due 10/26/2036 •  | 17655 | 16770 |
| 4.301% due 11/26/2036 •  | 12179 | 6699 |
| **GSR Mortgage Loan Trust**  |  |  |
| 3.678% due 01/25/2035 ~  | 9 | 8 |
| 3.830% due 08/25/2034 ~  | 179 | 167 |
| 4.125% due 11/25/2035 ~  | 7 | 7 |
| 4.146% due 01/25/2035 •  | 30 | 28 |
| 4.146% due 08/25/2035 •  | 241 | 235 |
| 4.151% due 04/25/2036 ~  | 636 | 376 |
| 4.196% due 06/25/2035 •  | 489 | 470 |
| 4.242% due 05/25/2035 ~  | 467 | 346 |
| 4.250% due 03/25/2032  | 35 | 35 |
| 4.259% due 05/25/2037 ~  | 1216 | 1053 |
| 4.286% due 08/25/2046 •  | 43701 | 8994 |
| 4.296% due 07/25/2037 •  | 135 | 30 |
| 4.307% due 05/25/2037 ~  | 889 | 450 |
| 4.366% due 08/25/2046 •  | 34126 | 7503 |
| 4.398% due 01/25/2036 ~  | 3 | 4 |
| 4.419% due 08/25/2034 ~  | 20 | 19 |
| 4.441% due 03/25/2037 ~  | 123 | 105 |
| 4.521% due 01/25/2036 ~  | 2213 | 2089 |
| 4.651% due 04/25/2035 ~  | 47 | 45 |
| 4.683% due 10/25/2035 ~  | 1260 | 620 |
| 4.742% due 12/25/2034 ~  | 741 | 88 |
| 4.789% due 05/25/2037 ~  | 6340 | 3965 |
| 4.916% due 08/25/2034 ~  | 92 | 88 |
| 4.970% due 11/25/2035 ~  | 5 | 5 |
| 4.974% due 11/25/2035 ~  | 1003 | 434 |
| 5.000% due 07/25/2036  | 5 | 0 |
| 5.109% due 09/25/2035 ~  | 1013 | 918 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.151% due 07/25/2035 ~  | 759 | 448 |
| 5.223% due 04/25/2035 ~  | 20 | 19 |
| 5.287% due 09/25/2034 ~  | 4 | 4 |
| 5.360% due 05/25/2034 •  | 43 | 39 |
| 5.500% due 03/25/2036  | 630 | 866 |
| 5.500% due 01/25/2037  | 146 | 802 |
| 5.750% due 02/25/2036  | 229 | 202 |
| 5.880% due 04/25/2032 •  | 7 | 7 |
| 6.000% due 11/25/2035  | 243 | 80 |
| 6.000% due 02/25/2036  | 342 | 138 |
| 6.000% due 03/25/2036  | 10121 | 3269 |
| 6.000% due 06/25/2036  | 183 | 524 |
| 6.000% due 07/25/2036  | 1516 | 830 |
| 6.000% due 09/25/2036  | 1281 | 507 |
| 6.000% due 01/25/2037  | 36 | 21 |
| 6.119% due 11/25/2035 ~  | 150 | 73 |
| 6.150% due 10/25/2035 ~  | 115 | 110 |
| 6.250% due 10/25/2036  | 9062 | 8430 |
| 6.290% due 07/25/2035 ~  | 919 | 464 |
| 6.295% due 09/25/2034 ~  | 213 | 215 |
| 6.449% due 01/25/2035 ~  | 131 | 125 |
| 6.470% due 05/25/2035 ~  | 376 | 282 |
| 6.500% due 09/25/2036  | 1196 | 513 |
| 6.500% due 10/25/2036  | 542 | 185 |
| 6.603% due 05/25/2035 ~  | 1944 | 1672 |
| 7.000% due 07/25/2035 ~  | 139 | 138 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 3.994% due 08/19/2036 ~  | 209 | 179 |
| 4.006% due 05/25/2038 •  | 9079 | 7372 |
| 4.026% due 11/19/2036 •  | 8530 | 7637 |
| 4.048% due 07/21/2036 •  | 5319 | 2575 |
| 4.066% due 07/19/2047 •  | 7230 | 7257 |
| 4.106% due 03/19/2037 •  | 17787 | 16709 |
| 4.146% due 01/25/2047 •  | 8141 | 7748 |
| 4.186% due 12/19/2036 •  | 1393 | 1265 |
| 4.226% due 09/19/2037 •  | 14434 | 12722 |
| 4.226% due 02/19/2046 •  | 1068 | 1005 |
| 4.246% due 05/19/2037 •  | 30676 | 25741 |
| 4.256% due 12/19/2036 •  | 39082 | 31895 |
| 4.266% due 11/19/2036 •  | 10403 | 9877 |
| 4.302% due 06/19/2036 ~  | 238 | 95 |
| 4.326% due 01/19/2036 •  | 47 | 49 |
| 4.326% due 12/19/2036 •  | 13172 | 12765 |
| 4.346% due 01/19/2036 •  | 335 | 217 |
| 4.386% due 03/19/2035 •  | 929 | 904 |
| 4.386% due 07/19/2045 •  | 7145 | 6642 |
| 4.406% due 02/19/2036 •  | 3513 | 1456 |
| 4.408% due 10/20/2045 •  | 5788 | 4179 |
| 4.416% due 06/19/2045 •  | 12096 | 6544 |
| 4.426% due 07/19/2045 •  | 1132 | 1012 |
| 4.466% due 11/19/2035 •  | 335 | 216 |
| 4.466% due 08/19/2045 •  | 173 | 166 |
| 4.486% due 01/19/2035 •  | 121 | 97 |
| 4.506% due 09/19/2035 •  | 845 | 504 |
| 4.546% due 01/19/2035 •  | 683 | 670 |
| 4.606% due 01/19/2035 •  | 129 | 128 |
| 4.626% due 12/19/2034 •  | 1933 | 1679 |
| 4.646% due 11/19/2034 •  | 73 | 69 |
| 4.646% due 12/19/2034 •  | 21 | 18 |
| 4.652% due 06/19/2036 ~  | 97 | 45 |
| 4.666% due 12/19/2034 •  | 9622 | 8011 |
| 4.706% due 11/19/2034 •  | 9922 | 6676 |
| 4.742% due 07/19/2035 ~  | 3308 | 2461 |
| 4.802% due 12/19/2035 ~  | 1299 | 616 |
| 4.806% due 06/19/2045 •  | 3529 | 1560 |
| 4.879% due 12/19/2036 •  | 4615 | 4301 |
| 5.112% due 06/19/2034 •  | 12 | 11 |
| 5.386% due 02/19/2036 •  | 441 | 188 |
| 5.549% due 11/19/2034 ~  | 14 | 14 |
| 5.846% due 10/25/2037 •  | 9879 | 9359 |
| 5.897% due 08/19/2034 ~  | 753 | 740 |
| 6.029% due 01/19/2036 •  | 8112 | 3134 |
| 6.029% due 10/20/2045 •  | 1876 | 1416 |
| 6.174% due 11/19/2034 ~  | 182 | 176 |
| **Hilton USA Trust**  |  |  |
| 0.475% due 11/05/2038 ~(a)  | 118960 | 198 |
| 2.828% due 11/05/2035  | 71800 | 62252 |
| **HomeBanc Mortgage Trust**  |  |  |
| 4.366% due 01/25/2036 •  | 1743 | 1709 |
| 4.466% due 03/25/2035 •  | 197 | 162 |
| 4.702% due 04/25/2037 ~  | 2971 | 2679 |
| 4.821% due 12/25/2034 •  | 131 | 125 |
| 4.971% due 03/25/2035 •  | 59 | 44 |
| 5.046% due 03/25/2035 •  | 79 | 52 |
| **HSI Asset Loan Obligation Trust**  |  |  |
| 3.746% due 09/25/2037 ~  | 772 | 659 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.492% due 09/25/2037 ~  | 9909 | 8250 |
| 4.984% due 01/25/2037 ~  | 2072 | 1571 |
| 5.470% due 01/25/2037 ~  | 637 | 384 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.806% due 07/25/2035 •  | 623 | 595 |
| 4.836% due 07/25/2035 •  | 1614 | 1523 |
| **IM Pastor 4 FTA** <br>2.175% due 03/22/2044 •  | 7287 | 7661 |
| **Impac CMB Trust**  |  |  |
| 4.126% due 10/25/2035 •  | $3571 | 3335 |
| 4.366% due 04/25/2035 •  | 847 | 843 |
| 4.486% due 09/25/2034 •  | 2 | 2 |
| 4.486% due 03/25/2035 •  | 2860 | 2808 |
| 4.566% due 05/25/2035 •  | 23 | 22 |
| 5.243% due 09/25/2034 þ  | 1499 | 1591 |
| **Impac Secured Assets CMN Owner Trust** <br>5.450% due 03/25/2033 ~ | 846 | 842 |
| **Impac Secured Assets Trust**  |  |  |
| 4.246% due 05/25/2036 •  | 4 | 4 |
| 4.326% due 03/25/2037 •  | 22672 | 20279 |
| 4.326% due 09/25/2037 •  | 6818 | 6031 |
| 4.366% due 01/25/2037 •  | 14517 | 12819 |
| 4.546% due 05/25/2036 •  | 278 | 264 |
| 4.566% due 09/25/2037 •  | 7057 | 6275 |
| 4.606% due 05/25/2037 •  | 9398 | 8145 |
| 5.946% due 05/25/2036 •  | 220 | 221 |
| **IndyMac IMJA Mortgage Loan Trust** <br>6.250% due 11/25/2037 | 1847 | 699 |
| **IndyMac IMSC Mortgage Loan Trust**  |  |  |
| 6.000% due 06/25/2037  | 9918 | 5812 |
| 6.500% due 09/25/2037  | 90 | 46 |
| **IndyMac INDA Mortgage Loan Trust**  |  |  |
| 3.197% due 11/25/2035 ~  | 205 | 155 |
| 3.215% due 09/25/2037 ~  | 8693 | 3338 |
| 3.367% due 11/25/2037 ~  | 5528 | 4517 |
| 3.497% due 09/25/2036 ~  | 2322 | 1760 |
| 3.665% due 01/25/2036 ~  | 1466 | 1143 |
| 4.040% due 03/25/2037 ~  | 686 | 536 |
| 4.443% due 08/25/2037 ~  | 1080 | 1022 |
| 5.256% due 01/25/2036 ~  | 59 | 55 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 2.980% due 09/25/2035 ~  | 2723 | 1800 |
| 3.187% due 06/25/2037 ~  | 8489 | 6961 |
| 3.195% due 06/25/2037 ~  | 3871 | 2177 |
| 3.268% due 01/25/2036 ~  | 19 | 18 |
| 3.310% due 05/25/2036 ~  | 12276 | 8136 |
| 3.311% due 07/25/2037 ~  | 16225 | 10463 |
| 3.334% due 05/25/2037 ~  | 2816 | 2268 |
| 3.363% due 06/25/2035 ~  | 41 | 32 |
| 3.378% due 08/25/2037 ~  | 50 | 35 |
| 3.396% due 06/25/2036 ~  | 428 | 370 |
| 3.405% due 06/25/2036 ~  | 176 | 106 |
| 3.412% due 01/25/2035 ~  | 292 | 269 |
| 3.485% due 05/25/2037 •  | 36092 | 28754 |
| 3.538% due 02/25/2036 ~  | 2052 | 1455 |
| 3.556% due 06/25/2036 ~  | 18434 | 12556 |
| 3.642% due 10/25/2035 ~  | 4350 | 3470 |
| 3.662% due 08/25/2035 ~  | 5302 | 3941 |
| 3.687% due 05/25/2036 ~  | 6989 | 6755 |
| 3.688% due 05/25/2035 ~  | 1236 | 1096 |
| 3.737% due 12/25/2035 ~  | 1941 | 1081 |
| 3.829% due 12/25/2035 ~  | 960 | 513 |
| 3.860% due 09/25/2036 ~  | 54 | 34 |
| 3.867% due 05/25/2037 ~  | 14632 | 9642 |
| 3.944% due 11/25/2035 ~  | 1778 | 1676 |
| 3.947% due 07/25/2036 ~  | 5071 | 3293 |
| 3.983% due 09/25/2035 ~  | 4264 | 3460 |
| 4.086% due 07/25/2036 •  | 4664 | 4659 |
| 4.106% due 10/25/2036 •  | 46 | 42 |
| 4.146% due 06/25/2037 •  | 7882 | 2568 |
| 4.206% due 01/25/2037 •  | 3042 | 2739 |
| 4.226% due 09/25/2046 •  | 5499 | 5124 |
| 4.246% due 10/25/2036 •  | 1811 | 1667 |
| 4.246% due 06/25/2046 •  | 10590 | 9635 |
| 4.246% due 11/25/2046 •  | 18076 | 17559 |
| 4.266% due 04/25/2046 •  | 5182 | 4855 |
| 4.266% due 05/25/2046 •  | 22570 | 20958 |
| 4.275% due 12/25/2035 ~  | 4326 | 2971 |
| 4.286% due 04/25/2046 •  | 4205 | 3941 |
| 4.306% due 04/25/2035 •  | 1088 | 1045 |
| 4.306% due 08/25/2035 ~  | 1458 | 1277 |
| 4.306% due 09/25/2046 •  | 4247 | 4369 |
| 4.326% due 04/25/2035 •  | 3667 | 3047 |
| 4.326% due 07/25/2035 •  | 965 | 910 |
| 4.326% due 06/25/2037 •  | 10766 | 10188 |
| 4.339% due 03/25/2035 ~  | 11 | 11 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.346% due 02/25/2037 •  | 28622 | 18935 |
| 4.366% due 06/25/2035 •  | 2727 | 2194 |
| 4.366% due 07/25/2035 •  | 10444 | 7022 |
| 4.381% due 11/25/2035 ~  | 5435 | 3744 |
| 4.398% due 06/25/2036 ~  | 2900 | 2229 |
| 4.406% due 07/25/2035 •  | 1392 | 1229 |
| 4.426% due 11/25/2036 •  | 5177 | 5017 |
| 4.430% due 01/25/2037 ~  | 2860 | 2441 |
| 4.473% due 11/25/2035 ~  | 2115 | 1271 |
| 4.486% due 02/25/2035 •  | 720 | 681 |
| 4.486% due 07/25/2045 •  | 2131 | 1633 |
| 4.526% due 02/25/2035 •  | 538 | 486 |
| 4.546% due 01/25/2035 •  | 1198 | 933 |
| 4.646% due 08/25/2034 •  | 46 | 43 |
| 4.646% due 11/25/2034 •  | 4 | 3 |
| 4.646% due 07/25/2046 •  | 1006 | 910 |
| 4.726% due 09/25/2034 •  | 47 | 41 |
| 4.962% due 07/25/2035 ~  | 4027 | 2096 |
| 5.406% due 10/25/2036 •  | 6662 | 3340 |
| 5.472% due 04/25/2035 ~  | 6 | 6 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.206% due 06/25/2037 •  | 28606 | 14568 |
| 4.210% due 05/25/2036 ~  | 536 | 288 |
| 4.246% due 06/25/2037 •  | 10264 | 3735 |
| 4.479% due 01/25/2036 ~  | 1668 | 1024 |
| 5.141% due 11/25/2036 ~  | 2959 | 1482 |
| 5.843% due 05/26/2037 ~  | 23505 | 1889 |
| 6.000% due 03/25/2036  | 1495 | 679 |
| 6.000% due 12/27/2036  | 20194 | 9593 |
| 6.460% due 12/25/2036 þ  | 1500 | 1562 |
| 6.500% due 03/25/2036  | 3741 | 1838 |
| 6.500% due 12/25/2036 þ  | 35965 | 31345 |
| 6.810% due 08/25/2036 þ  | 8327 | 8217 |
| 6.920% due 08/25/2036 þ  | 18885 | 15627 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 0.236% due 03/05/2042 ~(a)  | 158100 | 839 |
| 0.360% due 10/05/2040 ~(a)  | 217800 | 2125 |
| 1.294% due 08/15/2049 ~(a)  | 109220 | 304 |
| 1.974% due 01/05/2040  | 15870 | 14687 |
| 2.287% due 03/05/2042  | 33500 | 31547 |
| 4.128% due 07/05/2031  | 27783 | 24484 |
| 4.597% due 04/15/2037 •  | 55959 | 55309 |
| 4.875% due 06/15/2038 •  | 19290 | 18785 |
| 5.165% due 03/15/2036 •  | 5000 | 4543 |
| 7.235% due 10/05/2040  | 70400 | 74215 |
| **JP Morgan Mortgage Trust**  |  |  |
| 0.000% due 02/25/2055 ~  | 123209 | 134471 |
| 0.000% due 01/25/2056 ~  | 314970 | 340433 |
| 4.263% due 10/25/2036 ~  | 561 | 401 |
| 4.321% due 10/25/2036 ~  | 170 | 94 |
| 4.397% due 01/25/2037 ~  | 223 | 179 |
| 4.428% due 06/25/2036 ~  | 233 | 156 |
| 4.512% due 05/25/2036 ~  | 1618 | 1316 |
| 4.526% due 06/25/2036 ~  | 96 | 63 |
| 4.625% due 07/25/2063 ~  | 30275 | 29951 |
| 4.633% due 06/25/2037 ~  | 185 | 145 |
| 4.734% due 04/25/2037 ~  | 3230 | 2651 |
| 4.740% due 08/25/2035 ~  | 1 | 1 |
| 4.750% due 01/25/2063 ~  | 10748 | 10625 |
| 4.784% due 08/25/2036 ~  | 4136 | 3296 |
| 4.823% due 08/25/2036 ~  | 1533 | 1181 |
| 4.837% due 11/25/2035 ~  | 2756 | 2148 |
| 4.920% due 12/26/2037 ~  | 3277 | 2538 |
| 4.954% due 03/25/2066 ~  | 6251 | 6261 |
| 4.979% due 07/25/2035 ~  | 3 | 3 |
| 5.021% due 06/25/2036 ~  | 1443 | 959 |
| 5.021% due 06/25/2037 ~  | 2081 | 1592 |
| 5.026% due 10/25/2033 ~  | 9 | 8 |
| 5.042% due 11/25/2035 ~  | 660 | 513 |
| 5.087% due 05/25/2036 ~  | 401 | 342 |
| 5.099% due 08/25/2035 ~  | 505 | 448 |
| 5.119% due 02/25/2036 ~  | 1224 | 841 |
| 5.124% due 03/25/2055 •  | 42684 | 42624 |
| 5.134% due 05/25/2036 ~  | 589 | 494 |
| 5.158% due 10/25/2037 ~  | 3477 | 2649 |
| 5.190% due 11/25/2035 ~  | 94 | 76 |
| 5.191% due 07/25/2035 ~  | 68 | 65 |
| 5.193% due 09/25/2035 ~  | 93 | 88 |
| 5.217% due 04/25/2036 ~  | 3602 | 3092 |
| 5.224% due 02/25/2055 •  | 29487 | 29563 |
| 5.250% due 11/25/2063 ~  | 739 | 743 |
| 5.253% due 02/25/2034 ~  | 2 | 2 |
| 5.279% due 10/25/2035 ~  | 140 | 135 |
| 5.323% due 10/25/2035 ~  | 136 | 101 |
| 5.419% due 04/25/2037 ~  | 352 | 262 |
| 5.500% due 09/25/2035  | 1935 | 1439 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.500% due 01/25/2036  | 601 | 256 |
| 5.500% due 08/25/2037  | 2013 | 763 |
| 5.546% due 08/25/2036 ~  | 319 | 259 |
| 5.555% due 02/25/2035 ~  | 5 | 5 |
| 5.561% due 09/25/2055 þ  | 35098 | 35262 |
| 5.569% due 04/25/2035 ~  | 62 | 61 |
| 5.575% due 06/25/2035 ~  | 435 | 436 |
| 5.685% due 07/25/2035 ~  | 439 | 428 |
| 5.739% due 06/25/2035 ~  | 2 | 2 |
| 5.750% due 03/25/2037  | 339 | 117 |
| 5.820% due 10/25/2035 ~  | 4 | 3 |
| 5.846% due 08/25/2035 ~  | 262 | 257 |
| 5.892% due 04/25/2035 ~  | 24 | 24 |
| 5.968% due 06/25/2035 ~  | 28 | 23 |
| 5.990% due 07/25/2064 ~  | 12986 | 13113 |
| 5.994% due 04/25/2036 ~  | 454 | 409 |
| 6.000% due 10/25/2034  | 1338 | 892 |
| 6.000% due 07/25/2036  | 2132 | 889 |
| 6.000% due 06/25/2037  | 10910 | 4142 |
| 6.000% due 08/25/2037  | 14480 | 5985 |
| 6.033% due 07/25/2035 ~  | 111 | 110 |
| 6.186% due 07/25/2035 ~  | 15 | 15 |
| 6.250% due 01/02/2056 «(c)  | 287700 | 291206 |
| 6.331% due 10/25/2036 ~  | 583 | 449 |
| 6.500% due 09/25/2035  | 121 | 73 |
| 6.615% due 01/25/2056 ~  | 180094 | 184414 |
| 7.000% due 08/25/2037  | 759 | 360 |
| 7.355% due 12/25/2055 ~  | 197621 | 201724 |
| 7.429% due 10/25/2055 ~  | 216247 | 220885 |
| 7.462% due 04/25/2056 (a)  | 257601 | 263069 |
| 8.500% due 01/01/2056 «  | 292787 | 312722 |
| 8.658% due 04/25/2056  | 270558 | 293847 |
| **JP Morgan Re-REMICS** <br>3.693% due 11/26/2036 •  | 6601 | 6429 |
| **JP Morgan Seasoned Mortgage Trust**  |  |  |
| 3.688% due 01/25/2063 ~  | 42517 | 40089 |
| 4.377% due 01/25/2063 ~  | 4262 | 4104 |
| **JPMDB Commercial Mortgage Securities Trust** <br>0.666% due 12/15/2049 ~(a) | 147664 | 416 |
| **Jubilee Place 6 BV** <br>2.872% due 09/17/2060 •  | 7047 | 8319 |
| **Kentmere PLC**  |  |  |
| 0.000% due 01/28/2051  | 23182 | 24698 |
| 4.709% due 01/28/2051 •  | 161311 | 217954 |
| **Kinbane 2 DAC**  |  |  |
| 3.003% due 01/24/2063 ~  | 58095 | 68412 |
| 3.022% due 08/24/2075 ~  | 39053 | 45968 |
| **Kirkby RMBS PLC**  |  |  |
| 0.000% due 02/22/2045 ~  | 6 | 12423 |
| 2.250% due 02/22/2045  | 26742 | 23247 |
| 4.757% due 02/22/2045 •  | 82053 | 110358 |
| 5.957% due 02/22/2045 •  | 82543 | 108848 |
| **Landmark Mortgage Securities No. 2 PLC**  |  |  |
| 2.233% due 06/17/2039 •  | 638 | 738 |
| 4.095% due 06/17/2039 •  | 2696 | 3592 |
| **Landmark Mortgage Securities No. 3 PLC** <br>4.334% due 04/17/2044 •  | 15410 | 20281 |
| **Legacy Mortgage Asset Trust**  |  |  |
| 0.000% due 12/25/2053 (b)  | $368 | 362 |
| 0.000% due 12/25/2056 ~(a)  | 687763 | 4579 |
| 0.000% due 07/25/2057 ~  | 189948 | 181803 |
| 0.000% due 07/25/2057  | 428 | 417 |
| 0.000% due 04/25/2058 ~  | 304 | 291 |
| 0.000% due 08/26/2058  | 706 | 637 |
| 0.000% due 01/28/2070 ~  | 3401 | 2394 |
| 0.125% due 12/26/2057 ~(a)  | 324971 | 1462 |
| 0.621% due 12/26/2057 ~(a)  | 47057 | 347 |
| 2.594% due 04/25/2058 ~  | 51618 | 29148 |
| 3.031% due 12/25/2056 ~  | 687763 | 544331 |
| 3.105% due 06/25/2057 ~  | 90917 | 85956 |
| 3.124% due 02/25/2058 ~  | 132995 | 95987 |
| 3.750% due 04/25/2058 ~  | 85818 | 84828 |
| 3.871% due 12/26/2057 ~  | 273627 | 226169 |
| 4.000% due 02/25/2058 ~  | 86588 | 86614 |
| 4.000% due 04/25/2058 ~  | 106604 | 98322 |
| 4.250% due 02/25/2058 ~  | 132996 | 131406 |
| 4.250% due 08/26/2058 ~  | 327369 | 322774 |
| 4.408% due 08/26/2058 ~  | 178636 | 137102 |
| 4.500% due 02/25/2058 ~  | 132996 | 125491 |
| 4.911% due 01/25/2058 ~  | 142946 | 130963 |
| 5.503% due 01/28/2070 ~  | 340953 | 340036 |
| 5.650% due 11/25/2060 þ  | 13059 | 13079 |
| 5.792% due 12/25/2053 ~  | 1201312 | 1245464 |
| **Lehman Mortgage Trust**  |  |  |
| 2.854% due 03/25/2037 •(a)  | 11884 | 1424 |
| 4.166% due 10/25/2036 •  | 6331 | 1339 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.266% due 12/25/2036 •  | 5850 | 1104 |
| 4.341% due 12/25/2035 ~  | 2881 | 428 |
| 4.446% due 07/25/2036 •  | 4806 | 1790 |
| 4.597% due 07/25/2037 ~  | 2634 | 1352 |
| 4.746% due 12/25/2035 •  | 538 | 284 |
| 5.085% due 01/25/2036 ~  | 542 | 523 |
| 5.500% due 12/25/2035  | 24 | 12 |
| 5.735% due 04/25/2036 ~  | 2747 | 1691 |
| 5.750% due 12/25/2035  | 3086 | 1846 |
| 6.000% due 01/25/2036  | 93 | 78 |
| 6.000% due 08/25/2037  | 1064 | 1017 |
| 6.500% due 09/25/2037  | 4650 | 1844 |
| **Lehman XS Trust**  |  |  |
| 4.086% due 08/25/2036 •  | 1885 | 2216 |
| 4.146% due 11/25/2035 •  | 1 | 1 |
| 4.222% due 07/25/2047 •  | 25835 | 19482 |
| 4.226% due 12/25/2036 •  | 2286 | 1884 |
| 4.226% due 11/25/2046 •  | 117 | 105 |
| 4.246% due 08/25/2046 •  | 5365 | 5771 |
| 4.246% due 11/25/2046 •  | 7784 | 7380 |
| 4.246% due 03/25/2047 •  | 48041 | 42250 |
| 4.246% due 07/25/2047 •  | 6487 | 6484 |
| 4.256% due 08/25/2046 •  | 4203 | 3868 |
| 4.266% due 09/25/2046 •  | 67 | 68 |
| 4.326% due 03/25/2047 •  | 10132 | 9005 |
| 4.446% due 12/25/2035 •  | 5 | 4 |
| 4.446% due 08/25/2037 •  | 20104 | 16921 |
| 5.529% due 03/25/2047 •  | 5924 | 5443 |
| 5.610% due 07/25/2035 þ  | 517 | 467 |
| **Ludgate Funding PLC**  |  |  |
| 2.176% due 01/01/2061 •  | 1271 | 1451 |
| 4.021% due 01/01/2061 •  | 12853 | 16891 |
| 4.128% due 12/01/2060 •  | 4697 | 6227 |
| 4.461% due 01/01/2061 •  | 2595 | 3471 |
| **Lugo Funding DAC** <br>3.059% due 05/26/2066 •  | 161368 | 189919 |
| **Luminent Mortgage Trust**  |  |  |
| 2.891% due 04/25/2036 ~  | $2663 | 1618 |
| 4.166% due 11/25/2036 •  | 1586 | 1432 |
| 4.186% due 12/25/2036 •  | 7782 | 6955 |
| 4.246% due 02/25/2046 •  | 16750 | 12202 |
| 4.406% due 05/25/2037 •  | 2466 | 2419 |
| **LUX** <br>6.441% due 08/15/2040 •  | 36100 | 36528 |
| **Manhattan West Mortgage Trust** <br>0.205% due 09/10/2039 ~(a) | 807900 | 2124 |
| **Mansard Mortgages PLC** <br>4.550% due 12/15/2049 •  | 2658 | 3584 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 3.183% due 07/25/2035 ~  | $586 | 519 |
| 3.412% due 07/25/2035 ~  | 131 | 118 |
| 3.533% due 09/25/2035 ~  | 727 | 434 |
| 3.806% due 04/25/2035 ~  | 1517 | 1387 |
| 3.809% due 09/25/2033 ~  | 248 | 238 |
| 4.008% due 10/25/2034 ~  | 119 | 109 |
| 4.146% due 12/25/2033 ~  | 5 | 5 |
| 4.278% due 12/25/2032 ~  | 265 | 257 |
| 4.326% due 05/25/2037 •  | 709 | 285 |
| 4.526% due 05/25/2047 •  | 5355 | 4532 |
| 4.676% due 11/25/2036 ~  | 36 | 18 |
| 4.946% due 09/25/2037 •  | 20440 | 7900 |
| 4.969% due 04/25/2034 ~  | 372 | 371 |
| 5.326% due 09/25/2034 ~  | 23 | 21 |
| 5.633% due 11/21/2034 ~  | 97 | 97 |
| 5.647% due 01/25/2036 ~  | 1103 | 1070 |
| 6.044% due 09/25/2034 ~  | 393 | 353 |
| 6.048% due 05/25/2034 ~  | 231 | 223 |
| 6.210% due 12/21/2034 ~  | 33 | 31 |
| 6.250% due 12/25/2033 ~  | 13 | 13 |
| 6.266% due 05/25/2034 ~  | 55 | 54 |
| 6.290% due 04/21/2034 ~  | 3452 | 3400 |
| 6.375% due 07/25/2034 ~  | 73 | 72 |
| 6.608% due 06/25/2035 ~  | 1 | 1 |
| 6.625% due 10/25/2032 ~  | 29 | 29 |
| 6.625% due 09/25/2033 ~  | 7 | 7 |
| **MASTR Alternative Loan Trust**  |  |  |
| 5.500% due 07/25/2034  | 561 | 569 |
| 5.500% due 08/25/2034  | 1308 | 1302 |
| 5.500% due 04/25/2035  | 225 | 129 |
| 5.750% due 11/25/2033  | 1462 | 1428 |
| 7.000% due 06/25/2034  | 6 | 6 |
| **MASTR Asset Securitization Trust**  |  |  |
| 5.500% due 06/26/2034  | 6 | 6 |
| 6.000% due 06/25/2036  | 123 | 66 |
| 6.000% due 06/25/2036 •  | 978 | 538 |
| 6.250% due 01/25/2038  | 3700 | 1866 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **MASTR Reperforming Loan Trust**  |  |  |
| 4.196% due 05/25/2035 •  | 1387 | 656 |
| 4.206% due 07/25/2035 •  | 14717 | 6883 |
| 4.300% due 05/25/2036 ~  | 123 | 101 |
| **MASTR Seasoned Securitization Trust**  |  |  |
| 4.500% due 02/25/2033  | 85 | 82 |
| 5.533% due 10/25/2032 ~  | 3 | 3 |
| 6.250% due 05/25/2032 ~  | 14 | 14 |
| 6.375% due 10/25/2032 ~  | 30 | 29 |
| 6.500% due 08/25/2032 ~  | 16 | 16 |
| 6.532% due 10/25/2032 ~  | 8 | 7 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates**  |  |  |
| 4.565% due 11/15/2031 •  | 35 | 34 |
| 4.605% due 09/15/2030 •  | 30 | 21 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 3.986% due 01/25/2037 •  | 49717 | 15047 |
| 4.066% due 03/25/2037 •  | 24308 | 5721 |
| 4.146% due 01/25/2037 •  | 6298 | 1907 |
| 4.246% due 03/25/2037 •  | 17391 | 4555 |
| 4.266% due 03/25/2037 •  | 13909 | 2252 |
| 4.446% due 03/25/2037 •  | 208 | 49 |
| 4.576% due 06/25/2037 ~  | 20101 | 8779 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 3.185% due 02/25/2034 ~  | 257 | 226 |
| 3.846% due 09/25/2037 ~  | 2975 | 2571 |
| 3.879% due 09/25/2036 ~  | 5420 | 4095 |
| 4.146% due 09/25/2037 •  | 4950 | 2771 |
| 4.272% due 05/25/2034 ~  | 43 | 39 |
| 4.306% due 04/25/2029 •  | 172 | 161 |
| 4.306% due 03/25/2030 •  | 33 | 32 |
| 4.306% due 09/25/2037 •  | 8915 | 5045 |
| 4.312% due 03/25/2036 ~  | 1467 | 684 |
| 4.506% due 06/25/2028 •  | 217 | 202 |
| 4.506% due 11/25/2029 •  | 343 | 302 |
| 4.526% due 04/25/2028 •  | 2 | 1 |
| 4.633% due 01/25/2030 •  | 1 | 1 |
| 4.663% due 07/25/2030 •  | 56 | 56 |
| 4.713% due 01/25/2029 •  | 55 | 49 |
| 4.750% due 07/25/2033 ~  | 51 | 50 |
| 4.774% due 03/25/2030 •  | 67 | 58 |
| 4.882% due 09/25/2035 ~  | 26 | 20 |
| 4.954% due 10/25/2028 •  | 5 | 5 |
| 4.974% due 11/25/2029 •  | 8 | 7 |
| 5.011% due 04/25/2035 ~  | 489 | 446 |
| 5.060% due 06/25/2037 ~  | 3571 | 3418 |
| 5.244% due 05/25/2029 ~  | 30 | 27 |
| 5.254% due 07/25/2035 ~  | 281 | 122 |
| 5.348% due 02/25/2036 ~  | 785 | 767 |
| 5.451% due 02/25/2035 ~  | 553 | 526 |
| 5.629% due 12/25/2035 ~  | 627 | 603 |
| 5.690% due 07/25/2035 ~  | 249 | 232 |
| 5.782% due 12/25/2035 ~  | 1626 | 708 |
| 5.840% due 05/25/2036 ~  | 490 | 483 |
| 5.939% due 10/25/2036 ~  | 6765 | 5687 |
| 6.000% due 01/25/2029 ~  | 1 | 1 |
| 6.022% due 01/25/2029 ~  | 966 | 965 |
| 6.041% due 02/25/2033 ~  | 8 | 7 |
| 6.049% due 09/25/2033 ~  | 216 | 210 |
| 6.108% due 09/25/2029 ~  | 17 | 17 |
| 6.124% due 02/25/2034 ~  | 23 | 22 |
| 6.175% due 12/25/2034 ~  | 3 | 3 |
| 6.250% due 10/25/2036  | 1503 | 518 |
| 6.253% due 12/25/2034 ~  | 46 | 45 |
| 6.257% due 05/25/2036 ~  | 138 | 137 |
| 6.450% due 07/25/2033 ~  | 22 | 21 |
| 6.500% due 05/25/2036 ~  | 2 | 2 |
| 6.619% due 07/25/2034 ~  | 259 | 255 |
| **Merrill Lynch Mortgage-Backed Securities Trust**  |  |  |
| 4.611% due 06/25/2037 ~  | 3279 | 1878 |
| 6.010% due 08/25/2036 •  | 2563 | 2220 |
| **Merrion Square Residential DAC** <br>3.003% due 03/24/2081 •  | 81024 | 95362 |
| **MF1 Trust** <br>4.820% due 12/15/2034 •  | $5140 | 5139 |
| **MFA Trust**  |  |  |
| 2.855% due 07/25/2060 ~  | 5200 | 4381 |
| 4.250% due 02/25/2066 ~  | 3302 | 3179 |
| 4.400% due 03/25/2068 þ  | 52150 | 51826 |
| 6.105% due 12/25/2068 þ  | 14579 | 14706 |
| 6.775% due 10/25/2058 þ  | 17112 | 17293 |
| **MKT Mortgage Trust** <br>2.694% due 02/12/2040 | 16065 | 14567 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 0.606% due 11/12/2049 ~(a)  | 30 | 0 |
| 0.854% due 07/15/2053 ~(a)  | 54413 | 1965 |
| 1.780% due 07/15/2053 ~(a)  | 95879 | 6104 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.428% due 04/05/2042 ~  | 2000 | 1776 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 2.202% due 06/25/2037 ~  | 10568 | 5522 |
| 3.550% due 07/25/2035 ~  | 117 | 105 |
| 3.551% due 11/25/2037 ~  | 819 | 709 |
| 3.768% due 12/25/2037 ~  | 3226 | 2069 |
| 3.941% due 05/25/2036 ~  | 6939 | 3688 |
| 4.126% due 01/25/2036 •  | 929 | 497 |
| 4.146% due 08/25/2035 •  | 1060 | 563 |
| 4.184% due 08/25/2034 ~  | 284 | 259 |
| 4.274% due 09/25/2035 ~  | 30 | 19 |
| 4.440% due 01/25/2035 ~  | 159 | 145 |
| 4.667% due 11/25/2035 ~  | 62 | 22 |
| 4.779% due 07/25/2034 ~  | 52 | 49 |
| 4.878% due 08/25/2034 ~  | 1 | 1 |
| 5.347% due 10/25/2034 ~  | 17 | 17 |
| 5.487% due 09/25/2034 ~  | 675 | 667 |
| 5.500% due 11/25/2035  | 34 | 29 |
| 6.000% due 08/25/2037  | 272 | 86 |
| 6.000% due 10/25/2037  | 6349 | 3359 |
| 6.071% due 10/25/2034 ~  | 20 | 20 |
| 6.073% due 06/25/2036 ~  | 69 | 67 |
| 6.144% due 09/25/2034 ~  | 381 | 373 |
| 6.168% due 07/25/2034 ~  | 79 | 81 |
| 6.285% due 09/25/2034 ~  | 213 | 209 |
| 7.013% due 08/25/2036 þ  | 5718 | 1120 |
| **Morgan Stanley Re-REMICS Trust**  |  |  |
| 5.250% due 05/26/2037 ~  | 6960 | 3041 |
| 5.430% due 07/26/2036 •  | 2413 | 1700 |
| 6.250% due 08/26/2047 ~  | 10681 | 5490 |
| **Morgan Stanley Resecuritization Trust**  |  |  |
| 3.298% due 06/26/2047 •  | 33225 | 29137 |
| 3.683% due 06/26/2047 •  | 392 | 335 |
| 3.760% due 04/26/2047 •  | 23743 | 16906 |
| 4.603% due 12/27/2046 •  | 14227 | 11173 |
| 5.089% due 04/26/2047 ~  | 2592 | 1240 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 0.000% due 07/25/2065 (a)  | 1409 | 1252 |
| 0.000% due 07/25/2065 ~  | 228827 | 204025 |
| 0.000% due 09/25/2065 «~  | 1157 | 1157 |
| 0.000% due 11/25/2069 ~  | 232090 | 241347 |
| 4.000% due 06/25/2064 þ  | 29310 | 28749 |
| 4.603% due 09/25/2065 «~  | 205872 | 187182 |
| 4.963% due 09/25/2070 ~  | 30120 | 30158 |
| 5.016% due 09/25/2070 ~  | 35790 | 35880 |
| 5.021% due 11/25/2070 þ  | 54050 | 54231 |
| 5.530% due 05/25/2070 ~  | 8614 | 8681 |
| **Mortgage Equity Conversion Asset Trust** <br>4.020% due 05/25/2042 •  | 17216 | 15983 |
| **MortgageIT Mortgage Loan Trust** <br>4.266% due 04/25/2036 •  | 8377 | 7156 |
| **MortgageIT Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.146% due 06/25/2047 •  | 1248 | 1077 |
| 4.306% due 06/25/2047 •  | 10251 | 9034 |
| **MortgageIT Trust**  |  |  |
| 4.346% due 11/25/2035 •  | 10569 | 8698 |
| 4.446% due 08/25/2035 •  | 565 | 568 |
| **MSJP**  |  |  |
| 0.400% due 09/05/2047 ~(a)  | 31700 | 616 |
| 0.887% due 09/05/2047 ~(a)  | 49514 | 874 |
| **NAAC Reperforming Loan REMICS Trust**  |  |  |
| 6.500% due 03/25/2034  | 330 | 303 |
| 7.500% due 03/25/2034  | 1159 | 1096 |
| **NAAC Reperforming Loan REMICS Trust Certificates** <br>6.500% due 02/25/2035 | 983 | 856 |
| **Natixis Commercial Mortgage Securities Trust**  |  |  |
| 3.047% due 08/15/2036  | 10000 | 9301 |
| 3.821% due 02/15/2039  | 34500 | 32499 |
| **New Century Alternative Mortgage Loan Trust** <br>6.667% due 07/25/2036 þ | 1014 | 191 |
| **New Orleans Hotel Trust**  |  |  |
| 4.787% due 04/15/2032 •  | 1100 | 1093 |
| 5.087% due 04/15/2032 •  | 14615 | 14511 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 1136 | 1103 |
| 3.000% due 07/25/2059 ~  | 9300 | 8675 |
| 3.326% due 12/25/2057 ~  | 6260 | 6060 |
| 3.465% due 02/25/2058 ~  | 5547 | 5402 |
| 3.475% due 08/25/2059 ~  | 13908 | 12982 |
| 3.694% due 08/27/2057 ~  | 7842 | 7669 |
| 3.750% due 11/25/2058 ~  | 14766 | 14320 |
| 3.771% due 09/25/2057 ~  | 15143 | 14405 |
| 3.874% due 12/25/2057 ~  | 8199 | 7813 |
| 4.000% due 08/25/2059 ~  | 41455 | 39902 |
| 4.000% due 10/25/2059 ~  | 9607 | 9374 |
| 4.161% due 10/25/2059 ~  | 29975 | 29296 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.225% due 08/25/2059 ~  | 56968 | 55189 |
| 4.250% due 12/25/2058 ~  | 13380 | 13149 |
| 4.493% due 12/25/2058 ~  | 14052 | 13824 |
| 4.500% due 02/25/2057 ~  | 1345 | 1337 |
| 4.500% due 12/25/2057 ~  | 14083 | 13799 |
| 4.500% due 02/25/2058 ~  | 3782 | 3769 |
| 4.750% due 02/25/2057 ~  | 8845 | 8751 |
| 4.860% due 05/25/2058 ~  | 14418 | 14144 |
| 5.085% due 10/25/2065 ~  | 12700 | 12749 |
| 6.864% due 10/25/2063 þ  | 101350 | 102557 |
| **New York Mortgage Trust** <br>4.506% due 08/25/2035 •  | 214 | 200 |
| **Newgate Funding PLC**  |  |  |
| 2.700% due 12/15/2050 •  | 1671 | 1943 |
| 3.350% due 12/15/2050 •  | 1644 | 1860 |
| 3.600% due 12/15/2050 •  | 2750 | 3012 |
| 4.184% due 12/01/2050 •  | 794 | 1054 |
| 4.900% due 12/15/2050 •  | 8724 | 11623 |
| 5.150% due 12/15/2050 •  | 2466 | 3214 |
| **NLT Trust** <br>3.200% due 10/25/2062 ~ | $13136 | 12127 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust**  |  |  |
| 4.166% due 10/25/2036 •  | 1764 | 1532 |
| 4.343% due 10/25/2035 ~  | 180 | 162 |
| 4.406% due 04/25/2037 •  | 38 | 40 |
| 4.491% due 02/25/2036 ~  | 513 | 341 |
| 4.846% due 05/25/2035 •  | 6685 | 6049 |
| 5.016% due 02/25/2036 ~  | 1290 | 913 |
| 5.366% due 02/25/2036 ~  | 245 | 179 |
| 5.522% due 08/25/2034 ~  | 647 | 635 |
| 6.000% due 05/25/2033  | 1 | 1 |
| 6.215% due 08/25/2036 ~  | 3906 | 1008 |
| 6.431% due 08/25/2036 ~  | 9703 | 2505 |
| 7.000% due 04/25/2033  | 5 | 5 |
| **Nomura Resecuritization Trust**  |  |  |
| 0.000% due 08/27/2047 ~  | 81920 | 62344 |
| 2.772% due 10/25/2036 ~  | 5889 | 3318 |
| 2.820% due 10/26/2036 •  | 2988 | 2637 |
| 4.746% due 07/25/2036 •  | 2285 | 2226 |
| 6.000% due 07/26/2037  | 14301 | 5188 |
| **NovaStar Mortgage Funding Trust** <br>0.388% due 09/25/2046 •  | 64758 | 26067 |
| **NRPL Trust**  |  |  |
| 0.000% due 05/01/2058 ~  | 216712 | 199014 |
| 0.000% due 05/01/2058  | 325 | 315 |
| 0.000% due 09/25/2062  | 355 | 351 |
| 0.000% due 09/25/2063  | 99 | 98 |
| 0.000% due 11/25/2063  | 368 | 349 |
| 3.910% due 09/25/2063 ~  | 158458 | 136423 |
| 4.416% due 11/25/2063 ~  | 174858 | 157098 |
| 4.494% due 09/25/2062 ~  | 153905 | 136254 |
| **NRPLM Trust**  |  |  |
| 0.000% due 09/27/2063 ~  | 6747 | 5368 |
| 4.439% due 11/25/2063 ~  | 7498 | 6271 |
| 4.459% due 09/27/2062  | 6504 | 5310 |
| **NYMT Loan Trust**  |  |  |
| 3.215% due 07/25/2061  | 3000 | 2628 |
| 3.750% due 02/25/2068 ~  | 10818 | 10116 |
| 3.750% due 11/25/2069 ~  | 45442 | 43928 |
| 5.379% due 06/25/2069 ~  | 18792 | 18918 |
| **NYO Commercial Mortgage Trust** <br>4.960% due 11/15/2038 •  | 26300 | 26280 |
| **OBX Trust**  |  |  |
| 3.270% due 01/25/2062 ~  | 4436 | 4392 |
| 3.637% due 03/25/2053 ~  | 36600 | 36527 |
| 3.695% due 04/25/2053 ~  | 55337 | 54917 |
| 4.940% due 09/25/2062 þ  | 65900 | 65850 |
| 5.110% due 08/25/2062 þ  | 15253 | 15252 |
| 5.928% due 11/25/2063 þ  | 15333 | 15442 |
| 6.030% due 01/25/2064 þ  | 20510 | 20794 |
| 6.113% due 03/25/2063 þ  | 29036 | 29093 |
| 6.233% due 05/25/2064 þ  | 16611 | 16819 |
| 6.319% due 01/25/2062 þ  | 13581 | 13567 |
| 6.465% due 10/25/2063 þ  | 23735 | 23976 |
| 6.520% due 07/25/2063 þ  | 20342 | 20454 |
| 6.567% due 06/25/2063 þ  | 25279 | 25427 |
| 6.844% due 04/25/2063 þ  | 12154 | 12271 |
| 7.045% due 09/25/2063 þ  | 21506 | 21738 |
| 7.159% due 10/25/2063 þ  | 30734 | 31134 |
| **Oceanview Mortgage Trust** <br>4.674% due 11/25/2054 •  | 12872 | 12889 |
| **PHH Alternative Mortgage Trust**  |  |  |
| 4.546% due 07/25/2037 •  | 597 | 587 |
| 6.000% due 02/25/2037  | 1991 | 1664 |
| **PRET LLC** <br>5.250% due 10/25/2055 | 173598 | 173685 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **PRET Trust**  |  |  |
| 3.900% due 10/25/2063 ~  | 17188 | 16684 |
| 4.000% due 08/25/2064 þ  | 8813 | 8627 |
| 4.000% due 03/25/2065 þ  | 119110 | 117021 |
| 4.000% due 07/25/2069 þ  | 3662 | 3592 |
| 4.075% due 06/25/2064 ~  | 18039 | 17403 |
| 4.150% due 04/25/2065 þ  | 34093 | 33414 |
| **Prime Mortgage Trust**  |  |  |
| 4.196% due 06/25/2036 •  | 4 | 4 |
| 7.000% due 07/25/2034  | 53 | 51 |
| **PRKCM Trust**  |  |  |
| 5.101% due 10/25/2060 þ  | 8285 | 8306 |
| 6.333% due 03/25/2059 þ  | 14842 | 14997 |
| 6.431% due 05/25/2059 þ  | 637 | 645 |
| 6.584% due 09/25/2058 þ  | 23088 | 23233 |
| 7.225% due 11/25/2058 þ  | 13607 | 13778 |
| **Proteus RMBS DAC**  |  |  |
| 0.000% due 10/29/2054 ~  | 1219 | 0 |
| 0.000% due 10/29/2054 (b)  | 85302 | 70133 |
| 2.984% due 10/29/2054 •  | 72550 | 83981 |
| 3.434% due 10/29/2054 •  | 52929 | 60790 |
| 3.734% due 10/29/2054 •  | 38495 | 43814 |
| 4.714% due 10/29/2054 •  | 28871 | 32799 |
| 6.584% due 10/29/2054 •  | 24059 | 27256 |
| **PRPM LLC**  |  |  |
| 3.750% due 03/25/2054 þ  | $6530 | 6439 |
| 3.750% due 04/25/2055 þ  | 21127 | 20672 |
| 4.000% due 06/25/2053 þ  | 27644 | 27451 |
| 4.000% due 11/25/2053 þ  | 2907 | 2884 |
| 4.000% due 01/25/2054 þ  | 1603 | 1586 |
| 4.000% due 05/25/2054 þ  | 647 | 641 |
| 4.000% due 07/25/2054 þ  | 677 | 671 |
| 4.000% due 08/25/2054 þ  | 651 | 644 |
| 4.000% due 11/25/2054 þ  | 24735 | 24293 |
| 4.000% due 10/25/2064 þ  | 57010 | 56180 |
| 4.200% due 12/25/2064 þ  | 11984 | 11866 |
| 4.500% due 08/25/2055 þ  | 14532 | 14434 |
| 4.500% due 06/25/2065 «þ  | 151400 | 149198 |
| 4.839% due 10/25/2055 þ  | 6031 | 6039 |
| 4.990% due 12/25/2055 þ  | 36800 | 36794 |
| 5.250% due 07/25/2055 þ  | 10137 | 10232 |
| 5.385% due 10/25/2030 þ  | 37024 | 37106 |
| 5.503% due 08/25/2030 þ  | 71832 | 72064 |
| 5.699% due 11/25/2029 þ  | 7471 | 7479 |
| 5.729% due 07/25/2030 þ  | 10853 | 10870 |
| 5.774% due 08/25/2028 þ  | 29759 | 29829 |
| 5.870% due 11/25/2029 þ  | 25752 | 25785 |
| 5.897% due 12/25/2029 þ  | 23651 | 23690 |
| 6.179% due 06/25/2030 þ  | 27566 | 27639 |
| 6.255% due 05/25/2030 þ  | 7200 | 7219 |
| **PRPM Trust**  |  |  |
| 5.228% due 08/25/2069 þ  | 8758 | 8766 |
| 5.674% due 12/26/2069 þ  | 13177 | 13281 |
| 5.802% due 11/25/2069 þ  | 31243 | 31527 |
| 6.221% due 11/25/2068 þ  | 4512 | 4560 |
| 6.250% due 08/25/2068 þ  | 21940 | 22061 |
| 6.265% due 12/25/2068 þ  | 7179 | 7266 |
| 6.327% due 06/25/2069 þ  | 14920 | 15119 |
| **RALI Trust**  |  |  |
| 1.361% due 12/26/2034 ~  | 131 | 57 |
| 3.996% due 02/25/2047 •  | 30974 | 9364 |
| 4.080% due 11/25/2037 ~  | 6203 | 5181 |
| 4.096% due 02/25/2036 •  | 5383 | 3477 |
| 4.099% due 08/25/2035 ~  | 534 | 184 |
| 4.146% due 08/25/2035 •  | 2075 | 1433 |
| 4.146% due 04/25/2037 •  | 2136 | 1622 |
| 4.146% due 02/25/2047 •  | 6772 | 6300 |
| 4.176% due 03/25/2037 •  | 153 | 27 |
| 4.186% due 01/25/2037 •  | 1780 | 1589 |
| 4.196% due 01/25/2036 •  | 1758 | 1257 |
| 4.206% due 05/25/2036 •  | 4873 | 4507 |
| 4.206% due 07/25/2036 •  | 21041 | 6713 |
| 4.206% due 09/25/2036 •  | 4869 | 4577 |
| 4.206% due 11/25/2036 •  | 1653 | 829 |
| 4.206% due 01/25/2037 •  | 444 | 303 |
| 4.206% due 06/25/2046 •  | 40046 | 8215 |
| 4.226% due 09/25/2036 •  | 2266 | 2125 |
| 4.246% due 06/25/2036 •  | 99 | 73 |
| 4.246% due 05/25/2047 •  | 4056 | 3821 |
| 4.256% due 09/25/2046 •  | 1663 | 1671 |
| 4.276% due 05/25/2046 •  | 10682 | 9702 |
| 4.366% due 12/25/2045 •  | 8658 | 7226 |
| 4.386% due 02/25/2046 •  | 3884 | 1393 |
| 4.386% due 05/25/2046 •  | 560 | 437 |
| 4.406% due 12/25/2045 •  | 283 | 161 |
| 4.446% due 04/25/2036 •  | 15480 | 13978 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| 4.446% due 08/25/2036 •  |  | 2785 | 2213 |
| 4.546% due 11/25/2035 •  |  | 1727 | 1438 |
| 4.988% due 08/25/2035 ~  |  | 1566 | 1305 |
| 5.029% due 01/25/2046 •  |  | 8674 | 6775 |
| 5.096% due 12/25/2035 ~  |  | 862 | 794 |
| 5.134% due 07/25/2035 ~  |  | 2204 | 1105 |
| 5.225% due 12/25/2035 ~  |  | 5686 | 5009 |
| 5.243% due 04/25/2035 ~  |  | 6874 | 4770 |
| 5.314% due 07/25/2035 ~  |  | 637 | 601 |
| 5.389% due 09/25/2045 •  |  | 223 | 194 |
| 5.500% due 08/25/2035  |  | 919 | 672 |
| 5.500% due 03/25/2037  |  | 478 | 397 |
| 5.500% due 06/25/2037  |  | 2732 | 2183 |
| 5.529% due 08/25/2035 •  |  | 134 | 104 |
| 5.560% due 07/25/2035 ~  |  | 4283 | 2934 |
| 5.750% due 01/25/2037  |  | 1703 | 1286 |
| 6.000% due 08/25/2035  |  | 273 | 244 |
| 6.000% due 10/25/2035  |  | 5294 | 1605 |
| 6.000% due 12/25/2035  |  | 3944 | 3444 |
| 6.000% due 06/25/2036  |  | 242 | 199 |
| 6.000% due 08/25/2036  |  | 13178 | 11187 |
| 6.000% due 09/25/2036  |  | 1577 | 1271 |
| 6.000% due 01/25/2037  |  | 1226 | 944 |
| 6.000% due 02/25/2037  |  | 6558 | 5399 |
| 6.000% due 03/25/2037  |  | 5014 | 4342 |
| 6.000% due 05/25/2037  |  | 5792 | 4884 |
| 6.000% due 06/25/2037  |  | 10386 | 8561 |
| 6.500% due 08/25/2036  |  | 11027 | 9232 |
| 6.500% due 02/25/2037  |  | 3655 | 3103 |
| 6.750% due 06/25/2037  |  | 6084 | 2227 |
| 7.149% due 08/25/2047 •  |  | 62315 | 9243 |
| **RBSSP Resecuritization Trust**  |  |  |  |
| 3.605% due 09/28/2047 ~  |  | 69822 | 49682 |
| 4.120% due 08/26/2045 •  |  | 75 | 74 |
| 4.146% due 12/26/2036 ~  |  | 9534 | 9056 |
| 4.167% due 12/26/2036 ~  |  | 1382 | 1139 |
| 4.287% due 03/26/2037 •  |  | 22449 | 19314 |
| 4.309% due 06/27/2036 •  |  | 1000 | 899 |
| 4.489% due 02/28/2047 ~  |  | 10155 | 6840 |
| 4.492% due 10/26/2036 ~  |  | 5706 | 5341 |
| 4.569% due 02/26/2037 •  |  | 7323 | 5420 |
| 4.715% due 03/26/2036 ~  |  | 4328 | 2885 |
| 4.830% due 01/26/2036 •  |  | 1122 | 1068 |
| 5.569% due 12/26/2037 •  |  | 16019 | 13893 |
| 5.819% due 12/26/2037 •  |  | 17368 | 15027 |
| **RCKT Mortgage Trust**  |  |  |  |
| 5.158% due 10/25/2044 þ  |  | 22424 | 22512 |
| 5.472% due 06/25/2055 þ  |  | 69672 | 70391 |
| 5.553% due 03/25/2055 þ  |  | 41220 | 41666 |
| 5.582% due 12/25/2044 þ  |  | 36161 | 36558 |
| 5.653% due 01/25/2045 þ  |  | 38041 | 38446 |
| 5.846% due 08/25/2044 þ  |  | 35896 | 36275 |
| 6.808% due 09/25/2043 ~  |  | 6397 | 6457 |
| **RCO X Mortgage LLC** <br>5.418% due 10/25/2030 þ |  | 93130 | 92256 |
| **Regal Trust IV** <br>4.456% due 09/29/2031 •  |  | 14 | 14 |
| **Residential Asset Mortgage Products Trust**  |  |  |  |
| 7.000% due 11/25/2031  |  | 34 | 30 |
| 7.500% due 07/25/2032  |  | 294 | 81 |
| **Residential Asset Securitization Trust**  |  |  |  |
| 2.844% due 04/25/2037 •(a)  |  | 9697 | 1217 |
| 4.146% due 07/25/2035 •  |  | 2739 | 1183 |
| 4.156% due 04/25/2037 •  |  | 9697 | 1785 |
| 4.196% due 06/25/2036 •  |  | 5908 | 1533 |
| 4.296% due 11/25/2034 •  |  | 540 | 507 |
| 4.396% due 08/25/2033 •  |  | 393 | 362 |
| 4.546% due 07/25/2036 •  |  | 3962 | 2511 |
| 4.554% due 01/25/2034 ~  |  | 64 | 61 |
| 5.250% due 09/25/2033  |  | 264 | 264 |
| 5.500% due 07/25/2035  |  | 5113 | 2933 |
| 5.500% due 09/25/2035  |  | 18454 | 7754 |
| 6.000% due 02/25/2036  |  | 6494 | 2424 |
| 6.000% due 09/25/2036  |  | 4452 | 1282 |
| 6.000% due 11/25/2036  |  | 6418 | 2147 |
| 6.000% due 01/25/2037  |  | 3334 | 1083 |
| 6.000% due 03/25/2037  |  | 6781 | 2075 |
| 6.000% due 04/25/2037  |  | 533 | 265 |
| 6.000% due 05/25/2037  |  | 6327 | 3101 |
| 6.000% due 07/25/2037  |  | 9959 | 3600 |
| 6.000% due 08/25/2037  |  | 633 | 292 |
| 6.250% due 11/25/2036  |  | 11798 | 4110 |
| 6.500% due 09/25/2036  |  | 3269 | 939 |
| 6.500% due 04/25/2037  |  | 19161 | 5105 |
| **Residential Mortgage Securities 33 PLC**  |  |  |  |
| 0.000% due 06/20/2048  | GBP | 950 | 18 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.762% due 06/20/2048 •  | 201277 | 271916 |
| 5.262% due 06/20/2048 •  | 28170 | 38091 |
| 5.662% due 06/20/2048 •  | 24420 | 33128 |
| 6.512% due 06/20/2048 •  | 12198 | 16613 |
| 7.762% due 06/20/2048 •  | 11272 | 15296 |
| 8.762% due 06/20/2048 •  | 9398 | 12700 |
| 10.262% due 06/20/2048 •  | 21625 | 29747 |
| **Resloc U.K. PLC** <br>2.260% due 12/15/2043 •  | 3252 | 3720 |
| **RFMSI Trust**  |  |  |
| 4.202% due 08/25/2035 ~  | $1372 | 538 |
| 5.433% due 11/25/2036 ~  | 957 | 808 |
| 5.500% due 03/25/2036  | 219 | 177 |
| 5.500% due 03/25/2037  | 1753 | 1227 |
| 5.569% due 09/25/2036 ~  | 5 | 5 |
| 5.714% due 07/27/2037 ~  | 87 | 69 |
| 5.732% due 10/25/2037 ~  | 4087 | 2470 |
| 5.750% due 09/25/2036  | 246 | 193 |
| 5.865% due 10/25/2037 ~  | 2017 | 1814 |
| 6.000% due 04/25/2037 •  | 46 | 36 |
| 6.000% due 04/25/2037  | 878 | 677 |
| 6.000% due 10/25/2037  | 297 | 136 |
| 6.004% due 04/25/2037 ~  | 207 | 179 |
| 6.500% due 03/25/2032  | 15 | 16 |
| **Ripon Investments Financing Ltd.** <br>0.000% due 11/29/2052 «(l) | 4942 | 6523 |
| **Ripon Mortgages PLC**  |  |  |
| 0.000% due 08/28/2056 ~(a)  | 2143 | 995 |
| 0.000% due 08/28/2056  | 73909 | 96967 |
| 4.527% due 08/28/2056 •  | 634568 | 855499 |
| 4.827% due 08/28/2056 •  | 98285 | 132710 |
| 5.027% due 08/28/2056 •  | 85685 | 115221 |
| 5.427% due 08/28/2056 •  | 44102 | 59344 |
| 6.327% due 08/28/2056 •  | 18901 | 25230 |
| 6.827% due 08/28/2056 •  | 3094 | 4160 |
| 7.827% due 08/28/2056 •  | 16380 | 21990 |
| **RMAC No. 3 PLC** <br>5.057% due 02/15/2047 •  | 6292 | 8498 |
| **RMAC Securities No. 1 PLC**  |  |  |
| 2.179% due 06/12/2044 •  | 946 | 1089 |
| 2.352% due 06/12/2044 •  | 1885 | 2146 |
| 4.059% due 06/12/2044 •  | 6453 | 8512 |
| 4.079% due 06/12/2044 •  | 30607 | 40561 |
| 4.147% due 06/12/2044 •  | $15837 | 15457 |
| **Ronda RMBS DAC**  |  |  |
| 0.000% due 10/28/2075  | 7181 | 6324 |
| 2.780% due 10/28/2075 •  | 239347 | 279764 |
| 3.480% due 10/28/2075 •  | 18271 | 21199 |
| 3.980% due 10/28/2075 •  | 16443 | 19081 |
| 4.480% due 10/28/2075 •  | 10962 | 12618 |
| 4.980% due 10/28/2075 •  | 11876 | 13461 |
| 5.480% due 10/28/2075 •  | 5481 | 6110 |
| 8.000% due 10/28/2075  | 63034 | 22112 |
| **Roundstone Securities No. 2 DAC**  |  |  |
| 0.000% due 06/28/2058 ~  | 2 | 0 |
| 1.000% due 06/28/2058 ~  | 23143 | 24303 |
| 2.918% due 06/28/2058 •  | 370537 | 436260 |
| 3.018% due 06/28/2058 •  | 39593 | 46556 |
| 3.218% due 06/28/2058 •  | 33617 | 39397 |
| 4.000% due 06/28/2058 ~  | 63499 | 19133 |
| 4.018% due 06/28/2058 •  | 28014 | 32745 |
| 5.018% due 06/28/2058 •  | 16808 | 19567 |
| 5.518% due 06/28/2058 •  | 8964 | 10293 |
| **Santander Mortgage Asset Receivable Trust** <br>5.545% due 01/25/2065 þ | $1733 | 1746 |
| **Seasoned Credit Risk Transfer Trust** <br>5.000% due 11/25/2064 ~ | 7100 | 6080 |
| **Sequoia Mortgage Trust**  |  |  |
| 3.125% due 08/20/2047 ~  | 2384 | 1610 |
| 3.427% due 07/20/2037 ~  | 2428 | 1833 |
| 3.544% due 09/20/2046 ~  | 169 | 111 |
| 4.224% due 07/20/2037 ~  | 411 | 328 |
| 4.245% due 02/20/2047 ~  | 1128 | 869 |
| 4.329% due 09/20/2046 ~  | 1321 | 734 |
| 4.468% due 08/20/2034 •  | 108 | 100 |
| 4.507% due 11/25/2063 ~  | 20213 | 20286 |
| 4.508% due 06/20/2033 •  | 25 | 25 |
| 4.528% due 10/20/2034 •  | 993 | 917 |
| 4.548% due 07/20/2033 •  | 78 | 78 |
| 4.608% due 04/20/2033 •  | 15 | 15 |
| 4.613% due 10/20/2034 •  | 19 | 15 |
| 4.818% due 11/20/2034 •  | 56 | 52 |
| 5.061% due 10/25/2055 ~  | 14506 | 14559 |
| 5.278% due 04/20/2033 •  | 117 | 115 |
| **Sequoia Mortgage Trust 10**  |  |  |
| 4.648% due 10/20/2027 •  | 3 | 3 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SFO Commercial Mortgage Trust** <br>5.014% due 05/15/2038 •  | 1900 | 1897 |
| **SMRT Commercial Mortgage Trust** <br>4.751% due 01/15/2039 •  | 74604 | 74623 |
| **SRT Issuer I LLC** <br>0.000% due 10/01/2031 «•  | 136738 | 137028 |
| **SRT Issuer II LLC** <br>0.000% due 12/02/2031 «•(l) | 167500 | 167654 |
| **STARM Mortgage Loan Trust**  |  |  |
| 4.242% due 06/25/2037 ~  | 1955 | 1742 |
| 5.860% due 02/25/2037 ~  | 1474 | 1265 |
| 5.886% due 04/25/2037 ~  | 903 | 483 |
| **Stratton Mortgage Funding PLC**  |  |  |
| 4.641% due 06/28/2050 •  | 24996 | 33705 |
| 4.891% due 06/20/2060 •  | 116812 | 157619 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.701% due 08/25/2036 ~  | $9592 | 7481 |
| 3.834% due 05/25/2036 ~  | 4259 | 3258 |
| 3.873% due 05/25/2036 ~  | 3272 | 1834 |
| 3.906% due 11/25/2035 ~  | 111 | 104 |
| 4.057% due 02/25/2036 ~  | 289 | 249 |
| 4.146% due 09/25/2034 •  | 127 | 119 |
| 4.146% due 02/25/2037 •  | 1343 | 1362 |
| 4.166% due 12/25/2036 •  | 1330 | 1330 |
| 4.206% due 07/25/2035 •  | 371 | 182 |
| 4.209% due 08/25/2047 ~  | 1442 | 1347 |
| 4.230% due 03/25/2035 ~  | 7556 | 6356 |
| 4.252% due 09/25/2036 ~  | 5705 | 3827 |
| 4.261% due 01/25/2036 ~  | 2448 | 1305 |
| 4.266% due 07/25/2037 ~  | 23 | 15 |
| 4.302% due 11/25/2035 ~  | 24 | 22 |
| 4.306% due 09/25/2036 ~  | 5535 | 5110 |
| 4.346% due 10/25/2034 •  | 221 | 202 |
| 4.396% due 01/25/2035 •  | 10 | 9 |
| 4.408% due 01/25/2037 ~  | 2481 | 1780 |
| 4.430% due 06/25/2036 ~  | 2219 | 1268 |
| 4.473% due 08/25/2035 ~  | 679 | 588 |
| 4.491% due 04/25/2035 •  | 394 | 408 |
| 4.543% due 04/25/2035 ~  | 26 | 24 |
| 4.600% due 07/25/2035 ~  | 1150 | 1015 |
| 4.605% due 12/25/2035 ~  | 126 | 72 |
| 4.632% due 11/25/2035 ~  | 188 | 121 |
| 4.664% due 12/25/2034 ~  | 15 | 14 |
| 4.737% due 05/25/2035 ~  | 850 | 711 |
| 4.764% due 02/25/2036 ~  | 4417 | 2355 |
| 4.779% due 12/25/2035 ~  | 77 | 52 |
| 4.780% due 09/25/2035 ~  | 588 | 520 |
| 5.005% due 03/25/2036 ~  | 428 | 341 |
| 5.010% due 09/25/2036 ~  | 1984 | 1193 |
| 5.105% due 04/25/2034 ~  | 4 | 4 |
| 5.159% due 02/25/2035 ~  | 544 | 537 |
| 5.234% due 10/25/2034 ~  | 536 | 513 |
| 5.259% due 05/25/2035 ~  | 2419 | 1684 |
| 5.302% due 10/25/2035 ~  | 772 | 715 |
| 5.361% due 09/25/2034 ~  | 154 | 150 |
| 5.421% due 10/25/2034 ~  | 18 | 18 |
| 5.472% due 07/25/2034 ~  | 622 | 611 |
| 5.547% due 03/25/2035 ~  | 175 | 160 |
| 5.630% due 10/25/2037 •  | 2580 | 2376 |
| 5.665% due 11/25/2034 ~  | 1016 | 971 |
| 5.717% due 12/25/2034 ~  | 68 | 67 |
| 5.800% due 01/25/2035 ~  | 489 | 481 |
| 5.901% due 02/25/2034 ~  | 196 | 186 |
| 5.988% due 02/25/2034 ~  | 144 | 141 |
| 6.088% due 04/25/2034 ~  | 6 | 6 |
| 6.146% due 12/25/2037 •  | 8024 | 6943 |
| 6.763% due 03/25/2034 ~  | 198 | 194 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 3.493% due 05/25/2047 ~  | 21153 | 17027 |
| 3.662% due 05/25/2045 ~  | 45 | 38 |
| 3.966% due 08/25/2036 •  | 3924 | 3528 |
| 4.166% due 01/25/2037 •  | 1770 | 1617 |
| 4.206% due 06/25/2036 •  | 5024 | 4186 |
| 4.206% due 01/25/2037 •  | 4389 | 3984 |
| 4.206% due 07/25/2046 •  | 4972 | 4380 |
| 4.226% due 06/25/2036 •  | 948 | 946 |
| 4.226% due 07/25/2046 •  | 11466 | 8442 |
| 4.246% due 05/25/2036 •  | 6037 | 5071 |
| 4.246% due 10/25/2036 •  | 1642 | 1507 |
| 4.266% due 04/25/2036 •  | 4508 | 4144 |
| 4.266% due 05/25/2036 •  | 102 | 73 |
| 4.266% due 08/25/2036 •  | 12356 | 10405 |
| 4.266% due 05/25/2046 •  | 83 | 60 |
| 4.266% due 09/25/2047 •  | 8586 | 7767 |
| 4.286% due 09/25/2047 •  | 7058 | 6381 |
| 4.306% due 02/25/2036 •  | 24803 | 21909 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.306% due 07/25/2036 •  | 7 | 3 |
| 4.306% due 05/25/2045 •  | 2400 | 2305 |
| 4.346% due 07/19/2035 •  | 653 | 636 |
| 4.406% due 02/25/2036 •  | 5400 | 4628 |
| 4.446% due 08/25/2036 •  | 3420 | 2556 |
| 4.526% due 05/19/2035 •  | 352 | 341 |
| 4.696% due 05/25/2047 •  | 2400 | 1995 |
| 4.847% due 05/25/2036 ~  | 149 | 27 |
| 4.946% due 09/25/2047 •  | 10912 | 9542 |
| 5.489% due 03/25/2046 •  | 20 | 19 |
| 6.159% due 02/19/2035 ~  | 1 | 1 |
| **Structured Asset Securities Corp.**  |  |  |
| 4.196% due 03/25/2035 •  | 1847 | 1663 |
| 4.196% due 04/25/2035 •  | 184 | 168 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.566% due 11/25/2035 •  | 998 | 833 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates**  |  |  |
| 3.524% due 09/25/2033 ~  | 72 | 58 |
| 4.471% due 09/25/2033 ~  | 384 | 352 |
| 4.859% due 01/25/2034 ~  | 29 | 28 |
| 5.335% due 11/25/2033 ~  | 415 | 403 |
| 5.508% due 09/25/2033 ~  | 41 | 40 |
| 5.509% due 12/25/2033 ~  | 545 | 542 |
| 5.546% due 11/25/2033 ~  | 11 | 11 |
| 5.815% due 12/25/2033 ~  | 731 | 711 |
| 5.846% due 12/25/2033 ~  | 152 | 149 |
| 5.881% due 03/25/2033 ~  | 30 | 30 |
| 6.302% due 03/25/2033 ~  | 445 | 401 |
| 6.414% due 07/25/2033 ~  | 45 | 44 |
| 6.494% due 01/25/2034 ~  | 4 | 4 |
| 6.576% due 11/25/2033 ~  | 147 | 149 |
| 6.846% due 07/25/2032 •  | 764 | 714 |
| 6.996% due 11/25/2032 ~  | 53 | 53 |
| **Structured Asset Securities Corp. Trust**  |  |  |
| 5.500% due 04/25/2035  | 725 | 686 |
| 5.750% due 04/25/2035  | 4596 | 2066 |
| **Terwin Mortgage Trust** <br>4.260% due 10/25/2037 •  | 43455 | 12996 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 3.010% due 03/25/2044 ~  | 806 | 790 |
| 4.326% due 04/25/2036 •  | 3223 | 3039 |
| 4.386% due 03/25/2044 •  | 23 | 22 |
| 4.457% due 10/25/2043 ~  | 617 | 557 |
| 4.578% due 03/25/2044 ~  | 2041 | 1987 |
| 4.775% due 04/25/2038 ~  | 7612 | 4789 |
| 4.991% due 04/25/2045 ~  | 82 | 81 |
| 5.221% due 12/25/2044 ~  | 3537 | 3404 |
| 5.396% due 10/25/2043 ~  | 99 | 93 |
| 5.510% due 04/25/2038 ~  | 5353 | 4233 |
| **Tib Finance PLC** <br>7.111% due 11/15/2034 «(l) | 60100 | 60434 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.856% due 07/20/2053 •  | 392386 | 529414 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.900% due 10/25/2059 ~  | $2132 | 2060 |
| 3.000% due 10/25/2057 ~  | 8700 | 8405 |
| 3.000% due 06/25/2058 ~  | 16981 | 13855 |
| 3.750% due 03/25/2058 ~  | 24668 | 21970 |
| 3.750% due 09/25/2062  | 87465 | 84397 |
| 3.902% due 01/25/2063 ~  | 8504 | 7586 |
| 4.078% due 04/25/2056 ~  | 1000 | 952 |
| 4.081% due 04/25/2055 ~  | 20000 | 19644 |
| 4.208% due 03/25/2054 ~  | 24000 | 23611 |
| 4.578% due 10/27/2064 ~  | 66147 | 66401 |
| 4.606% due 10/25/2064 ~  | 153470 | 154119 |
| 5.033% due 07/25/2065 ~  | 37813 | 38208 |
| 5.725% due 11/25/2064 þ  | 29164 | 29457 |
| **Tower Bridge Funding PLC** <br>5.031% due 01/20/2066 •  | 86024 | 116092 |
| **Trinity Square PLC** <br>4.844% (SONIO/N + 0.900%) due 07/15/2059 ~ | 144725 | 195209 |
| **Uropa Securities PLC**  |  |  |
| 2.219% due 10/10/2040 •  | 2004 | 2346 |
| 4.272% due 10/10/2040 •  | 5974 | 8026 |
| 4.322% due 10/10/2040 •  | 1983 | 2637 |
| **Valley Funding PLC**  |  |  |
| 0.000% due 05/16/2066  | 48365 | 57622 |
| 4.857% due 05/16/2066 •  | 254715 | 343284 |
| 5.357% due 05/16/2066 •  | 29536 | 39841 |
| 5.857% due 05/16/2066 •  | 30820 | 41509 |
| 6.857% due 05/16/2066 •  | 15924 | 21459 |
| 7.857% due 05/16/2066 •  | 10274 | 13854 |
| 9.357% due 05/16/2066 •  | 5650 | 7647 |
| **VASA Trust** <br>4.765% due 07/15/2039 •  | $17800 | 17578 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Verus Securitization Trust**  |  |  |
| 4.260% due 02/25/2067 þ  | 22060 | 21263 |
| 4.858% due 12/25/2070 þ  | 53500 | 53610 |
| 5.086% due 07/25/2067 ~  | 45700 | 45847 |
| 5.218% due 09/25/2069 ~  | 22746 | 22789 |
| 5.364% due 10/25/2069 ~  | 15448 | 15541 |
| 5.402% due 05/25/2065 þ  | 28497 | 28716 |
| 5.799% due 07/25/2069 þ  | 26191 | 26430 |
| 5.811% due 05/25/2068 þ  | 18896 | 18915 |
| 5.850% due 12/25/2067 þ  | 12042 | 12013 |
| 5.930% due 03/25/2068 þ  | 18411 | 18421 |
| 5.999% due 02/25/2068 þ  | 11051 | 11034 |
| 6.116% due 03/25/2069 þ  | 41806 | 42268 |
| 6.192% due 06/25/2069 þ  | 26627 | 26967 |
| 6.218% due 06/25/2069 þ  | 23186 | 23502 |
| 6.259% due 12/25/2068 þ  | 12682 | 12810 |
| 6.338% due 04/25/2069 þ  | 17440 | 17649 |
| 6.443% due 08/25/2068 þ  | 18159 | 18261 |
| 6.476% due 06/25/2068 þ  | 11521 | 11570 |
| 6.665% due 09/25/2068 þ  | 40558 | 40920 |
| 6.876% due 11/25/2068 ~  | 12188 | 12368 |
| 7.070% due 10/25/2068 þ  | 39151 | 39676 |
| **Visio Trust** <br>6.598% due 10/25/2058 þ | 14373 | 14449 |
| **Wachovia Mortgage Loan Trust LLC**  |  |  |
| 0.000% due 01/25/2037 •  | 21623 | 7463 |
| 1.769% due 08/25/2036 •  | 18565 | 6162 |
| 2.857% due 05/20/2036 ~  | 250 | 236 |
| 6.359% due 08/20/2035 ~  | 240 | 236 |
| 6.708% due 10/20/2035 ~  | 101 | 98 |
| 6.710% due 10/20/2035 ~  | 358 | 351 |
| 6.738% due 10/20/2035 ~  | 48 | 46 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.404% due 06/25/2037 ~  | 11214 | 9163 |
| 3.410% due 05/25/2037 ~  | 4610 | 3809 |
| 3.476% due 01/25/2037 ~  | 2721 | 2276 |
| 3.485% due 01/25/2037 ~  | 1572 | 1357 |
| 3.664% due 01/25/2037 ~  | 4774 | 4152 |
| 3.665% due 10/25/2036 ~  | 459 | 418 |
| 3.790% due 10/25/2036 ~  | 110 | 100 |
| 3.860% due 11/25/2036 ~  | 348 | 303 |
| 3.873% due 05/25/2037 ~  | 469 | 412 |
| 3.878% due 12/25/2046 •  | 6479 | 5693 |
| 3.930% due 06/25/2037 ~  | 2648 | 2321 |
| 3.979% due 03/25/2037 ~  | 11593 | 10070 |
| 4.002% due 11/25/2036 ~  | 1364 | 1231 |
| 4.028% due 06/25/2037 ~  | 1081 | 953 |
| 4.041% due 03/25/2037 ~  | 5549 | 4965 |
| 4.104% due 02/25/2037 ~  | 1381 | 1191 |
| 4.123% due 05/25/2046 •  | 7953 | 7267 |
| 4.127% due 12/25/2036 ~  | 26 | 23 |
| 4.146% due 12/25/2036 ~  | 2188 | 2074 |
| 4.173% due 02/25/2037 ~  | 6693 | 6038 |
| 4.176% due 02/25/2037 ~  | 11673 | 10906 |
| 4.182% due 07/25/2037 ~  | 36079 | 33135 |
| 4.237% due 04/25/2037 ~  | 6129 | 5607 |
| 4.306% due 04/25/2045 •  | 4911 | 4786 |
| 4.366% due 11/25/2045 •  | 1374 | 1301 |
| 4.373% due 01/25/2036 ~  | 466 | 436 |
| 4.386% due 12/25/2045 •  | 1397 | 1304 |
| 4.394% due 02/25/2037 ~  | 5569 | 5168 |
| 4.426% due 07/25/2045 •  | 2631 | 2540 |
| 4.426% due 12/25/2045 •  | 1963 | 1811 |
| 4.433% due 08/25/2036 ~  | 7545 | 6813 |
| 4.466% due 01/25/2045 •  | 253 | 254 |
| 4.475% due 08/25/2046 ~  | 34 | 32 |
| 4.482% due 09/25/2036 ~  | 4010 | 3789 |
| 4.486% due 08/25/2045 •  | 11264 | 11312 |
| 4.506% due 01/25/2045 •  | 1243 | 1248 |
| 4.509% due 10/25/2035 ~  | 1352 | 1240 |
| 4.526% due 01/25/2045 •  | 1478 | 1441 |
| 4.546% due 01/25/2045 •  | 21 | 21 |
| 4.558% due 01/25/2036 ~  | 156 | 153 |
| 4.566% due 11/25/2034 •  | 2020 | 2008 |
| 4.569% due 03/25/2036 ~  | 1182 | 1073 |
| 4.586% due 11/25/2034 •  | 692 | 680 |
| 4.606% due 01/25/2045 •  | 586 | 589 |
| 4.626% due 10/25/2044 •  | 542 | 535 |
| 4.642% due 09/25/2035 ~  | 147 | 140 |
| 4.646% due 10/25/2044 •  | 703 | 679 |
| 4.651% due 07/25/2037 ~  | 1206 | 1100 |
| 4.686% due 12/25/2035 ~  | 7087 | 6693 |
| 4.726% due 11/25/2034 •  | 14 | 13 |
| 4.726% due 07/25/2044 •  | 2181 | 2129 |
| 4.729% due 02/25/2047 •  | 11443 | 10726 |
| 4.729% due 03/25/2047 •  | 13681 | 12259 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.746% due 08/25/2045 •  | 1199 | 1193 |
| 4.759% due 01/25/2047 •  | 558 | 542 |
| 4.769% due 01/25/2047 •  | 2471 | 2309 |
| 4.774% due 01/25/2036 ~  | 703 | 676 |
| 4.779% due 06/25/2047 •  | 6930 | 5966 |
| 4.789% due 04/25/2047 •  | 1436 | 1322 |
| 4.869% due 11/25/2046 •  | 4873 | 4246 |
| 4.909% due 10/25/2046 •  | 21811 | 19411 |
| 4.916% due 03/25/2035 ~  | 393 | 392 |
| 4.966% due 01/25/2035 ~  | 639 | 622 |
| 4.989% due 09/25/2046 •  | 3341 | 2791 |
| 4.996% due 06/25/2033 •  | 218 | 215 |
| 5.009% due 06/25/2046 •  | 403 | 382 |
| 5.009% due 07/25/2046 •  | 3244 | 3080 |
| 5.019% due 06/25/2046 •  | 1005 | 938 |
| 5.029% due 02/25/2046 •  | 4637 | 4109 |
| 5.077% due 07/25/2046 •  | 5005 | 4646 |
| 5.229% due 11/25/2042 •  | 61 | 59 |
| 5.241% due 08/25/2034 ~  | 214 | 204 |
| 5.396% due 11/25/2033 •  | 240 | 232 |
| 5.406% due 10/25/2045 •  | 419 | 413 |
| 5.429% due 08/25/2042 •  | 36 | 35 |
| 5.450% due 09/25/2033 ~  | 570 | 561 |
| 5.494% due 02/25/2033 ~  | 116 | 115 |
| 5.644% due 08/25/2033 ~  | 106 | 104 |
| 6.075% due 12/25/2032 ~  | 76 | 74 |
| 6.169% due 06/25/2033 ~  | 244 | 240 |
| **WaMu Mortgage-Backed Pass-Through Certificates** <br>5.917% due 12/19/2039 ~ | 67 | 67 |
| **Warwick Finance Residential Mortgages Number Three PLC**  |  |  |
| 0.000% due 12/21/2049  | 7 | 39952 |
| 4.712% due 12/21/2049 •  | 91983 | 124113 |
| 5.412% due 12/21/2049 •  | 46014 | 62226 |
| 5.912% due 12/21/2049 •  | 23010 | 30930 |
| 6.412% due 12/21/2049 •  | 13146 | 17643 |
| 6.912% due 12/21/2049 •  | 13146 | 17507 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.911% due 09/25/2036 þ  | $26843 | 7033 |
| 4.099% due 10/25/2036 þ  | 52 | 17 |
| 4.165% due 10/25/2036 þ  | 6261 | 1680 |
| 4.226% due 07/25/2046 •  | 203 | 175 |
| 4.246% due 07/25/2035 •  | 541 | 474 |
| 4.296% due 05/25/2035 •  | 2426 | 2054 |
| 4.306% due 12/25/2036 •  | 2332 | 1961 |
| 4.366% due 12/25/2035 •  | 1239 | 1119 |
| 4.446% due 03/25/2036 •  | 716 | 658 |
| 4.729% due 01/25/2047 •  | 12749 | 11188 |
| 4.729% due 04/25/2047 •  | 2919 | 2452 |
| 4.749% due 12/25/2046 •  | 4205 | 3504 |
| 4.799% due 04/25/2047 •  | 4111 | 3465 |
| 4.879% due 10/25/2046 •  | 9384 | 8348 |
| 4.949% due 09/25/2046 •  | 12896 | 10913 |
| 4.969% due 04/25/2046 •  | 21365 | 19686 |
| 4.999% due 05/25/2046 •  | 1841 | 1656 |
| 5.296% due 09/25/2035 •  | 282 | 248 |
| 5.500% due 06/25/2035  | 923 | 811 |
| 5.500% due 08/25/2035  | 791 | 708 |
| 5.500% due 11/25/2035  | 293 | 241 |
| 5.500% due 04/25/2037  | 4324 | 4261 |
| 5.750% due 11/25/2035  | 366 | 348 |
| 5.750% due 01/25/2036  | 2535 | 2173 |
| 6.000% due 11/25/2035  | 915 | 911 |
| 6.000% due 04/25/2036  | 1773 | 1567 |
| 6.000% due 04/25/2037  | 3952 | 3495 |
| 6.500% due 11/25/2035  | 464 | 331 |
| 6.500% due 03/25/2036  | 8070 | 6477 |
| 6.500% due 07/25/2036 þ  | 1345 | 282 |
| 6.500% due 08/25/2036  | 12909 | 11479 |
| 6.721% due 07/25/2036 þ  | 20583 | 4304 |
| 6.949% due 07/25/2036 þ  | 1872 | 391 |
| 7.000% due 05/25/2036 þ  | 2463 | 2182 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.725% due 06/25/2033 ~  | 116 | 108 |
| 5.319% due 05/25/2033 ~  | 382 | 389 |
| 7.500% due 04/25/2033  | 3 | 3 |
| **Wells Fargo Alternative Loan Trust** <br>6.000% due 07/25/2037 | 283 | 258 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 0.928% due 01/15/2052 ~(a)  | 111696 | 2435 |
| 1.578% due 10/15/2049 ~(a)  | 220536 | 1218 |
| 5.343% due 10/15/2042 •  | 54900 | 55059 |
| 5.393% due 07/15/2037 •  | 48500 | 48639 |
| **Wells Fargo Mortgage Loan Trust**  |  |  |
| 4.429% due 09/27/2047 •  | 13469 | 12585 |
| 4.499% due 12/27/2046 ~  | 11219 | 5338 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 5.851% due 11/25/2037 ~  | 11 | 10 |
| 5.917% due 01/25/2038 ~  | 2889 | 2628 |
| 5.976% due 10/25/2036 ~  | 747 | 703 |
| 6.000% due 06/25/2036  | 244 | 219 |
| 6.000% due 06/25/2037  | 293 | 275 |
| 6.000% due 11/25/2037  | 456 | 447 |
| 6.064% due 04/25/2036 ~  | 1182 | 1171 |
| 6.193% due 08/25/2036 ~  | 308 | 291 |
| 6.235% due 04/25/2037 ~  | 57 | 50 |
| 6.458% due 08/25/2035 ~  | 48 | 48 |
| 6.497% due 10/25/2036 ~  | 1043 | 960 |
| 6.673% due 04/25/2036 ~  | 441 | 437 |
| 6.689% due 10/25/2034 ~  | 10 | 10 |
| **WSTN Trust** <br>6.297% due 07/05/2037 ~ | 66300 | 67545 |
| Total Non-Agency Mortgage-Backed Securities (Cost $66,514,938) |  | 64773656 |
| **ASSET-BACKED SECURITIES 19.5%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.5%**  |  |  |
| **Ally Bank Auto Credit-Linked Notes**  |  |  |
| 5.117% due 09/15/2032  | 4648 | 4693 |
| 5.215% due 09/15/2032  | 3021 | 3049 |
| **Bumper NL BV** <br>2.561% due 03/21/2036 •  | 5798 | 6824 |
| **CarMax Select Receivables Trust**  |  |  |
| 4.664% due 05/15/2028 •  | $21826 | 21840 |
| 4.714% due 09/15/2027 •  | 1146 | 1147 |
| **Carvana Auto Receivables Trust**  |  |  |
| 2.900% due 03/10/2028  | 3737 | 3668 |
| 4.550% due 01/10/2028  | 1799 | 1793 |
| **CPS Auto Receivables Trust**  |  |  |
| 6.040% due 07/16/2029  | 21797 | 21945 |
| 6.270% due 10/15/2029  | 27010 | 27194 |
| **Exeter Automobile Receivables Trust** <br>5.750% due 07/17/2028 | 25232 | 25334 |
| **Flagship Credit Auto Trust** <br>4.760% due 05/17/2027 | 612 | 611 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.890% due 04/16/2029  | 23400 | 23556 |
| 5.080% due 01/16/2029  | 13000 | 13083 |
| **Golden Bar Securitisation SRL** <br>3.085% due 09/22/2043 •  | 14201 | 16794 |
| **Lucca Finance DAC**  |  |  |
| 0.000% due 12/27/2041  | 6055 | 37800 |
| 0.000% due 12/27/2041 •  | 419283 | 493249 |
| **Red & Black Auto Italy SRL** <br>2.704% due 07/28/2036 •  | 6117 | 7216 |
| **Santander Bank Auto Credit-Linked Notes**  |  |  |
| 4.965% due 01/18/2033  | $1644 | 1656 |
| 5.141% due 01/18/2033  | 3821 | 3848 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.930% due 09/17/2029  | 37500 | 37798 |
| 5.240% due 05/15/2028  | 17173 | 17205 |
| 5.470% due 12/16/2030  | 79500 | 80769 |
| 5.610% due 07/17/2028  | 36997 | 37125 |
| 5.770% due 11/15/2030  | 110000 | 112085 |
| **Taupe Funding Trust I**  |  |  |
| 0.000% due 08/20/2031 «  | 95 | 18672 |
| 6.160% due 08/20/2031  | 12607 | 12825 |
| **Westlake Automobile Receivables Trust** <br>4.644% due 08/16/2027 •  | 3489 | 3490 |
|  |  | 1035269 |
| **AUTOMOBILE SEQUENTIAL 2.2%**  |  |  |
| **Ally Auto Receivables Trust** <br>4.140% due 07/16/2029 | 40660 | 40737 |
| **Ally Bank Auto Credit-Linked Notes** <br>4.970% due 09/15/2032 | 8483 | 8568 |
| **American Credit Acceptance Receivables Trust**  |  |  |
| 4.730% due 01/12/2029  | 9273 | 9301 |
| 4.810% due 03/13/2028  | 1210 | 1210 |
| **American Heritage Auto Receivables Issuer Trust** <br>4.480% due 08/15/2028 | 19600 | 19649 |
| **American Heritage Auto Receivables Trust** <br>4.830% due 03/15/2028 | 6073 | 6087 |
| **AmeriCredit Automobile Receivables Trust**  |  |  |
| 4.220% due 03/19/2029  | 49600 | 49689 |
| 5.430% due 01/18/2029  | 67956 | 68479 |
| **ARI Fleet Lease Trust** <br>4.380% due 01/17/2034 | 25883 | 25975 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Arivo Acceptance Auto Loan Receivables Trust** <br>4.920% due 05/15/2029 | 4700 | 4698 |
| **Avis Budget Rental Car Funding AESOP LLC**  |  |  |
| 5.130% due 10/20/2028  | 86416 | 87808 |
| 5.440% due 02/22/2028  | 16865 | 17075 |
| 5.780% due 04/20/2028  | 35413 | 36047 |
| 6.120% due 04/20/2027  | 29153 | 29257 |
| **Bank of America Auto Trust** <br>5.530% due 02/15/2028 | 7328 | 7381 |
| **Bayview Opportunity Master Fund VII Trust** <br>5.660% due 03/15/2028 | 9410 | 9441 |
| **BMW Canada Auto Trust** <br>4.844% due 07/20/2027 | 7225 | 5290 |
| **BMW Vehicle Lease Trust** <br>4.180% due 10/25/2027 | $60900 | 61105 |
| **BofA Auto Trust** <br>5.350% due 11/15/2028 | 16021 | 16187 |
| **Bridgecrest Lending Auto Securitization Trust**  |  |  |
| 4.720% due 09/15/2028  | 25200 | 25252 |
| 4.730% due 02/15/2028  | 11587 | 11606 |
| 4.840% due 09/15/2027  | 2078 | 2078 |
| 5.340% due 04/17/2028  | 6388 | 6399 |
| **CarMax Auto Owner Trust**  |  |  |
| 4.670% due 12/15/2027  | 11510 | 11529 |
| 4.920% due 10/16/2028  | 5682 | 5727 |
| 5.340% due 08/16/2027  | 720 | 722 |
| 5.500% due 01/16/2029  | 76300 | 77366 |
| 5.650% due 05/17/2027  | 1487 | 1488 |
| 6.000% due 07/17/2028  | 6622 | 6709 |
| **CarMax Select Receivables Trust**  |  |  |
| 4.190% due 03/15/2029  | 58800 | 58883 |
| 4.760% due 05/15/2028  | 26899 | 26960 |
| 5.400% due 11/15/2028  | 7100 | 7166 |
| 5.780% due 09/15/2027  | 1985 | 1989 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.070% due 02/12/2029  | 109703 | 109742 |
| 4.260% due 10/10/2029  | 44692 | 44797 |
| 4.310% due 09/10/2030  | 26200 | 26393 |
| 4.500% due 06/12/2028  | 12271 | 12284 |
| 4.530% due 01/10/2029  | 52000 | 52109 |
| 4.550% due 05/10/2030  | 91400 | 91981 |
| 4.620% due 02/10/2028  | 6190 | 6195 |
| 4.640% due 01/10/2030  | 34800 | 35024 |
| 4.680% due 02/10/2028  | 12792 | 12825 |
| 4.740% due 12/10/2030  | 20300 | 20652 |
| 4.740% due 04/10/2031  | 61238 | 62157 |
| 4.780% due 05/10/2028  | 5015 | 5023 |
| 4.840% due 12/10/2027  | 2173 | 2174 |
| 4.850% due 06/12/2028  | 2000 | 2013 |
| 4.910% due 08/10/2029  | 14300 | 14414 |
| 5.050% due 04/10/2029  | 13098 | 13162 |
| 5.080% due 03/11/2030  | 23200 | 23579 |
| 5.210% due 06/10/2030  | 28000 | 28670 |
| 5.330% due 07/10/2029  | 32591 | 32844 |
| 5.380% due 03/12/2029  | 38537 | 39158 |
| 5.420% due 04/10/2028  | 19540 | 19603 |
| 5.620% due 01/10/2029  | 7576 | 7635 |
| 5.710% due 07/10/2028  | 16030 | 16087 |
| 5.710% due 07/10/2029  | 20000 | 20485 |
| 5.740% due 11/13/2029  | 9100 | 9371 |
| 5.820% due 08/10/2028  | 10842 | 10916 |
| 5.980% due 12/10/2027  | 2448 | 2453 |
| 6.160% due 10/10/2028  | 6382 | 6443 |
| 6.160% due 09/10/2029  | 15200 | 15733 |
| **Chase Auto Owner Trust**  |  |  |
| 4.180% due 08/27/2029  | 27000 | 27098 |
| 4.400% due 11/26/2027  | 4805 | 4808 |
| 5.220% due 07/25/2029  | 54900 | 55560 |
| 5.250% due 09/27/2027  | 5006 | 5012 |
| 5.520% due 06/25/2029  | 132333 | 134217 |
| 5.530% due 09/27/2027  | 1856 | 1858 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 13375 | 13455 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.710% due 03/15/2029  | 22627 | 22688 |
| 4.910% due 06/15/2028  | 7088 | 7097 |
| 5.880% due 02/15/2028  | 3819 | 3824 |
| **Drive Auto Receivables Trust**  |  |  |
| 4.140% due 09/15/2032  | 74300 | 74510 |
| 4.290% due 10/16/2028  | 125300 | 125405 |
| 4.500% due 09/15/2028  | 34300 | 34348 |
| 4.940% due 12/15/2027  | 3762 | 3764 |
| **Ent Auto Receivables Trust**  |  |  |
| 6.240% due 01/16/2029  | 8033 | 8081 |
| 6.260% due 11/15/2029  | 4000 | 4092 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.560% due 11/20/2028  | 30300 | 30627 |
| 4.650% due 10/20/2027  | 17592 | 17670 |
| 4.690% due 07/20/2027  | 20834 | 20909 |
| 4.820% due 02/20/2029  | 17800 | 18113 |
| 4.980% due 08/21/2028  | 14600 | 14812 |
| 5.310% due 04/20/2027  | 7715 | 7743 |
| **Exeter Automobile Receivables Trust**  |  |  |
| 4.450% due 03/15/2028  | 10189 | 10193 |
| 4.530% due 03/15/2028  | 43111 | 43177 |
| 4.780% due 06/15/2027  | 6676 | 6678 |
| 5.280% due 08/15/2030  | 5050 | 5054 |
| **Exeter Select Automobile Receivables Trust** <br>4.540% due 06/15/2029 | 12738 | 12785 |
| **FCCU Auto Receivables Trust**  |  |  |
| 5.460% due 04/15/2030  | 6700 | 6856 |
| 5.540% due 04/16/2029  | 16800 | 16968 |
| 5.760% due 11/15/2027  | 1968 | 1970 |
| **FHF Issuer Trust**  |  |  |
| 4.920% due 02/15/2031  | 34513 | 34435 |
| 4.940% due 11/15/2030  | 17772 | 17741 |
| 5.690% due 02/15/2030  | 12768 | 12850 |
| 5.890% due 06/15/2030  | 9950 | 10014 |
| 6.790% due 10/15/2029  | 8527 | 8592 |
| **First Investors Auto Owner Trust** <br>6.440% due 10/16/2028 | 6825 | 6877 |
| **Flagship Credit Auto Trust**  |  |  |
| 4.880% due 11/15/2028  | 4083 | 4080 |
| 5.640% due 03/15/2028  | 8535 | 8551 |
| **Ford Auto Securitization Trust** <br>5.053% due 07/15/2028 | 20814 | 15362 |
| **Ford Auto Securitization Trust II**  |  |  |
| 3.724% due 11/15/2028  | 33831 | 24821 |
| 3.843% due 09/15/2030  | 29300 | 21594 |
| **Foursight Capital Automobile Receivables Trust** <br>5.490% due 01/16/2029 | $7405 | 7430 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.520% due 07/17/2028  | 61600 | 61714 |
| 4.750% due 07/17/2028  | 14500 | 14542 |
| 4.760% due 10/15/2027  | 5039 | 5041 |
| 5.020% due 04/17/2028  | 9340 | 9355 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 23408 | 23499 |
| 4.460% due 10/15/2030  | 13473 | 13563 |
| 5.240% due 03/15/2030  | 8010 | 8066 |
| 5.580% due 06/17/2030  | 16629 | 16825 |
| 5.590% due 10/15/2029  | 5205 | 5261 |
| 5.960% due 10/16/2028  | 21331 | 21499 |
| 6.370% due 06/15/2028  | 5734 | 5760 |
| **GM Financial Automobile Leasing Trust** <br>4.210% due 10/20/2027 | 36300 | 36363 |
| **GM Financial Consumer Automobile Receivables Trust**  |  |  |
| 4.470% due 02/16/2028  | 8934 | 8951 |
| 5.130% due 04/16/2029  | 84800 | 85717 |
| **GMF Canada Leasing Trust**  |  |  |
| 4.827% due 08/20/2029  | 23700 | 17403 |
| 4.883% due 12/21/2026  | 1142 | 834 |
| **GreenState Auto Receivables Trust** <br>5.530% due 08/16/2027 | $1498 | 1498 |
| **Huntington Auto Trust** <br>5.230% due 01/16/2029 | 49956 | 50455 |
| **Hyundai Auto Lease Securitization Trust** <br>5.800% due 12/15/2026 | 7218 | 7225 |
| **Hyundai Auto Receivables Trust**  |  |  |
| 4.410% due 05/15/2029  | 77000 | 77635 |
| 4.840% due 03/15/2029  | 57200 | 57854 |
| 5.540% due 10/16/2028  | 9638 | 9736 |
| **LAD Auto Receivables Trust**  |  |  |
| 4.520% due 03/15/2029  | 12900 | 12959 |
| 4.600% due 12/15/2027  | 18869 | 18888 |
| 4.640% due 11/15/2027  | 4829 | 4832 |
| 5.460% due 07/16/2029  | 5700 | 5792 |
| 5.610% due 08/15/2028  | 9448 | 9504 |
| **Lendbuzz Securitization Trust**  |  |  |
| 4.970% due 10/15/2029  | 13087 | 13093 |
| 5.100% due 10/15/2030  | 10191 | 10194 |
| **M&T Bank Auto Receivables Trust** <br>5.220% due 02/17/2032 | 41956 | 42429 |
| **Mercedes-Benz Auto Receivables Trust** <br>5.950% due 11/15/2028 | 12565 | 12736 |
| **Nissan Auto Receivables Owner Trust**  |  |  |
| 4.340% due 03/15/2029  | 39800 | 40021 |
| 5.280% due 12/15/2028  | 17363 | 17520 |
| 5.930% due 03/15/2028  | 1232 | 1242 |
| **Octane Receivables Trust** <br>4.940% due 05/20/2030 | 9852 | 9910 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Oscar U.S. Funding XIII LLC** <br>1.270% due 09/11/2028 | 1390 | 1349 |
| **Oscar U.S. Funding XVII LLC**  |  |  |
| 4.470% due 03/12/2029  | 9300 | 9343 |
| 4.630% due 12/10/2027  | 14061 | 14071 |
| **PenFed Auto Receivables Owner Trust**  |  |  |
| 4.120% due 09/15/2028  | 10600 | 10616 |
| 4.700% due 06/15/2029  | 28600 | 28734 |
| 5.040% due 09/15/2027  | 4712 | 4714 |
| **Porsche Innovative Lease Owner Trust**  |  |  |
| 4.350% due 10/20/2027  | 41000 | 41088 |
| 4.470% due 12/21/2026  | 3820 | 3821 |
| 4.670% due 11/22/2027  | 38800 | 38960 |
| 4.840% due 01/20/2027  | 5393 | 5398 |
| **Research-Driven Pagaya Motor Asset Trust**  |  |  |
| 4.731% due 07/27/2026  | 937 | 937 |
| 4.811% due 07/27/2026  | 23276 | 23300 |
| 5.124% due 04/25/2034  | 29600 | 29724 |
| 7.130% due 01/26/2032  | 12673 | 12693 |
| **Research-Driven Pagaya Motor Asset Trust V** <br>5.320% due 09/25/2030 | 9768 | 9823 |
| **Research-Driven Pagaya Motor Trust** <br>7.090% due 06/25/2032 | 4154 | 4176 |
| **Santander Bank Auto Credit-Linked Notes** <br>4.911% due 01/18/2033 | 1818 | 1836 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.280% due 01/15/2029  | 95800 | 96039 |
| 4.620% due 11/15/2028  | 18785 | 18818 |
| 4.630% due 10/16/2028  | 124658 | 125058 |
| 4.710% due 06/15/2028  | 69540 | 69650 |
| 4.850% due 01/16/2029  | 72075 | 72270 |
| 5.250% due 04/17/2028  | 1300 | 1301 |
| 5.630% due 01/16/2029  | 47832 | 48028 |
| **SBNA Auto Lease Trust**  |  |  |
| 4.680% due 04/20/2027  | 11235 | 11246 |
| 4.830% due 04/20/2028  | 34100 | 34322 |
| 5.560% due 11/22/2027  | 46145 | 46393 |
| 6.520% due 04/20/2028  | 16200 | 16303 |
| **SBNA Auto Receivables Trust**  |  |  |
| 5.210% due 04/16/2029  | 12600 | 12711 |
| 5.320% due 12/15/2028  | 21320 | 21396 |
| **SCCU Auto Receivables Trust**  |  |  |
| 4.670% due 11/15/2028  | 25908 | 25983 |
| 5.110% due 06/15/2029  | 39500 | 39777 |
| 5.160% due 05/15/2030  | 36300 | 36980 |
| 5.450% due 12/15/2027  | 6682 | 6688 |
| 5.700% due 10/16/2028  | 14365 | 14470 |
| 5.700% due 08/15/2029  | 12200 | 12490 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.550% due 06/20/2030  | 41300 | 41590 |
| 4.650% due 05/22/2028  | 28173 | 28219 |
| 4.710% due 05/22/2028  | 6045 | 6051 |
| 4.940% due 01/21/2031  | 3650 | 3709 |
| 4.950% due 05/21/2029  | 11988 | 12065 |
| 5.470% due 10/20/2028  | 1659 | 1670 |
| **Stellantis Financial Underwritten Enhanced Lease Trust** <br>4.060% due 06/20/2028 | 66600 | 66715 |
| **Taupe Funding Trust I**  |  |  |
| 5.860% due 01/21/2031  | 45528 | 45675 |
| 5.940% due 01/21/2031  | 69065 | 69883 |
| **Tesla Auto Lease Trust** <br>4.790% due 01/20/2027 | 5434 | 5438 |
| **Tesla Electric Vehicle Trust**  |  |  |
| 5.380% due 06/20/2028  | 41561 | 41882 |
| 5.380% due 02/20/2029  | 15000 | 15271 |
| **Toyota Auto Receivables Owner Trust**  |  |  |
| 4.400% due 06/15/2029  | 56100 | 56510 |
| 5.330% due 01/16/2029  | 37723 | 38125 |
| 5.540% due 08/15/2028  | 4544 | 4595 |
| **Tricolor Auto Securitization Trust** <br>6.360% due 12/15/2027 | 1669 | 1612 |
| **Veros Auto Receivables Trust** <br>6.280% due 11/15/2027 | 1648 | 1652 |
| **Volkswagen Auto Loan Enhanced Trust** <br>5.020% due 06/20/2028 | 5208 | 5238 |
| **Westlake Automobile Receivables Trust**  |  |  |
| 4.660% due 09/15/2028  | 95550 | 95865 |
| 4.710% due 04/17/2028  | 28800 | 28897 |
| 4.820% due 09/15/2027  | 24075 | 24106 |
| 5.440% due 05/17/2027  | 2996 | 2998 |
| 5.560% due 02/15/2028  | 17300 | 17377 |
| 5.750% due 08/16/2027  | 7450 | 7459 |
| **World Omni Auto Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 69100 | 69540 |
| 5.270% due 09/17/2029  | 24786 | 25022 |
| 5.610% due 02/15/2028  | 2319 | 2328 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **World Omni Select Auto Trust**  |  |  |
| 4.140% due 05/15/2030  | 53300 | 53422 |
| 4.980% due 02/15/2030  | 21400 | 21512 |
| 5.370% due 02/15/2028  | 2275 | 2276 |
|  |  | 4888623 |
| **CASINO SERVICES 0.0%**  |  |  |
| **Gateway Casinos & Entertainment Ltd.** <br>5.000% due 03/12/2038 « | 71893 | 49135 |
| **CMBS OTHER 0.5%**  |  |  |
| **ACREC Ltd.** <br>4.999% due 10/16/2036 •  | $3666 | 3662 |
| **ACRES LLC** <br>5.353% due 08/18/2040 •  | 111600 | 111829 |
| **AREIT Trust** <br>5.847% due 08/17/2041 •  | 16393 | 16400 |
| **KREF Ltd.** <br>5.181% due 02/17/2039 •  | 7586 | 7597 |
| **LMNT CRE LLC** <br>5.550% due 07/21/2043 •  | 136000 | 136236 |
| **LoanCore Issuer Ltd.** <br>5.493% due 01/17/2037 •  | 3961 | 3966 |
| **LRECS LLC** <br>5.500% due 08/19/2043 •  | 239200 | 239652 |
| **MF1 LLC**  |  |  |
| 5.054% due 02/18/2040 •  | 100200 | 100070 |
| 5.184% due 02/18/2043 •  | 194700 | 195186 |
| 5.468% due 03/19/2039 •  | 38000 | 38114 |
| 6.366% due 09/17/2037 •  | 31385 | 31434 |
| **PFP Ltd.** <br>5.610% due 09/17/2039 •  | 46169 | 46315 |
| **Starwood LLC** <br>5.181% due 11/19/2042 •  | 176500 | 176818 |
|  |  | 1107279 |
| **CREDIT CARD OTHER 0.2%**  |  |  |
| **Golden Credit Card Trust**  |  |  |
| 1.140% due 08/15/2028  | 179500 | 176475 |
| 1.970% due 01/15/2029  | 220500 | 216215 |
|  |  | 392690 |
| **HOME EQUITY OTHER 4.2%**  |  |  |
| **Aames Mortgage Investment Trust**  |  |  |
| 4.761% due 10/25/2035 •  | 9557 | 9163 |
| 5.871% due 01/25/2035 •  | 310 | 307 |
| **ABFC Trust**  |  |  |
| 4.106% due 01/25/2037 •  | 39030 | 28556 |
| 4.126% due 10/25/2036 •  | 33135 | 29562 |
| 4.126% due 11/25/2036 •  | 5760 | 3446 |
| 4.166% due 11/25/2036 •  | 13162 | 5412 |
| 4.266% due 09/25/2036 •  | 33198 | 29772 |
| 4.346% due 11/25/2036 •  | 2454 | 1009 |
| 4.506% due 03/25/2035 •  | 1945 | 1921 |
| 4.546% due 06/25/2034 •  | 1496 | 1503 |
| 4.626% due 09/25/2033 •  | 597 | 584 |
| 4.746% due 02/25/2034 •  | 1409 | 1427 |
| 4.821% due 06/25/2035 •  | 11411 | 10954 |
| 4.846% due 06/25/2037 •  | 2152 | 1845 |
| 4.851% due 03/25/2035 •  | 1539 | 1428 |
| 4.971% due 12/25/2032 •  | 19 | 19 |
| 5.616% due 12/25/2033 •  | 4412 | 4635 |
| 6.021% due 01/25/2034 •  | 316 | 208 |
| 6.546% due 07/25/2033 •  | 276 | 278 |
| **Accredited Mortgage Loan Trust**  |  |  |
| 4.066% due 02/25/2037 •  | 15432 | 15366 |
| 4.116% due 09/25/2036 •  | 1486 | 1434 |
| 4.116% due 02/25/2037 •  | 5000 | 4826 |
| 4.146% due 07/25/2034 •  | 1295 | 1289 |
| 4.716% due 09/25/2035 •  | 1898 | 1847 |
| 4.746% due 10/25/2034 •  | 18 | 33 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.966% due 10/25/2036 •  | 151 | 59 |
| 3.986% due 11/25/2036 •  | 7336 | 3026 |
| 4.026% due 07/25/2036 •  | 36787 | 9064 |
| 4.086% due 11/25/2036 •  | 26516 | 10939 |
| 4.086% due 12/25/2036 •  | 9129 | 3344 |
| 4.086% due 01/25/2037 •  | 995 | 610 |
| 4.106% due 12/25/2036 •  | 90508 | 47418 |
| 4.126% due 06/25/2036 •  | 8773 | 8524 |
| 4.126% due 07/25/2036 •  | 40905 | 33301 |
| 4.126% due 10/25/2036 •  | 38859 | 18721 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.126% due 12/25/2036 •  | 19482 | 12531 |
| 4.146% due 04/25/2036 •  | 3259 | 3197 |
| 4.146% due 07/25/2036 •  | 34056 | 9637 |
| 4.186% due 11/25/2036 •  | 5906 | 2434 |
| 4.186% due 01/25/2037 •  | 1062 | 650 |
| 4.226% due 02/25/2036 •  | 2560 | 2554 |
| 4.286% due 08/25/2036 •  | 20909 | 20025 |
| 4.286% due 11/25/2036 •  | 7931 | 3269 |
| 4.286% due 12/25/2036 •  | 7608 | 2417 |
| 4.286% due 01/25/2037 •  | 19161 | 4112 |
| 4.286% due 05/25/2037 •  | 19527 | 2966 |
| 4.326% due 07/25/2036 •  | 17438 | 5178 |
| 4.346% due 07/25/2036 •  | 31262 | 7703 |
| 4.346% due 01/25/2037 •  | 995 | 609 |
| 4.386% due 08/25/2036 •  | 6555 | 5808 |
| 4.446% due 02/25/2036 •  | 100 | 100 |
| 4.506% due 08/25/2035 •  | 1972 | 1949 |
| 4.506% due 11/25/2035 •  | 163 | 185 |
| 4.746% due 09/25/2033 •  | 981 | 976 |
| 4.746% due 12/25/2034 •  | 906 | 835 |
| 4.776% due 02/25/2036 •  | 1215 | 1157 |
| 4.806% due 08/25/2035 •  | 1722 | 1499 |
| 4.821% due 06/25/2034 •  | 5409 | 5191 |
| 4.836% due 05/25/2035 •  | 3358 | 2761 |
| 4.851% due 07/25/2035 •  | 9012 | 8933 |
| 4.881% due 06/25/2035 •  | 4235 | 4134 |
| 4.896% due 12/25/2033 •  | 610 | 622 |
| 4.971% due 04/25/2035 •  | 3371 | 3096 |
| 5.016% due 07/25/2033 •  | 1213 | 1173 |
| 7.041% due 06/25/2034 •  | 819 | 708 |
| **Aegis Asset-Backed Securities Trust**  |  |  |
| 4.326% due 01/25/2037 •  | 5188 | 3968 |
| 4.491% due 12/25/2035 •  | 7230 | 6877 |
| 4.596% due 03/25/2035 •  | 9303 | 8348 |
| 4.636% due 03/25/2035 •  | 2347 | 1142 |
| 4.846% due 03/25/2035 •  | 230 | 221 |
| **Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates**  |  |  |
| 4.551% due 10/25/2035 •  | 4042 | 3905 |
| 4.746% due 09/25/2034 •  | 552 | 663 |
| 4.746% due 10/25/2034 •  | 143 | 201 |
| 4.896% due 01/25/2034 •  | 308 | 311 |
| 5.571% due 10/25/2034 •  | 2704 | 2973 |
| 5.676% due 12/25/2034 •  | 5788 | 5324 |
| 5.946% due 12/25/2034 •  | 110 | 13 |
| **AFC Home Equity Loan Trust**  |  |  |
| 4.446% due 09/27/2027 •  | 6 | 6 |
| 4.496% due 09/22/2028 •  | 12 | 12 |
| 4.726% due 02/25/2029 •  | 65 | 64 |
| **Ameriquest Mortgage Securities Trust**  |  |  |
| 3.946% due 10/25/2036 •  | 7099 | 2111 |
| 4.006% due 10/25/2036 •  | 8972 | 2668 |
| 4.021% due 10/25/2036 •  | 3057 | 1702 |
| 4.086% due 10/25/2036 •  | 21234 | 6315 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 2.804% due 06/25/2033 •  | 823 | 806 |
| 3.351% due 04/25/2034 •  | 981 | 968 |
| 3.701% due 05/25/2034 þ  | 5525 | 4769 |
| 4.058% due 11/25/2034 •  | 10851 | 9758 |
| 4.401% due 04/25/2036 •  | 8012 | 7915 |
| 4.506% due 03/25/2036 •  | 11988 | 11267 |
| 4.596% due 01/25/2036 •  | 3696 | 3659 |
| 4.716% due 07/25/2034 •  | 3 | 3 |
| 4.716% due 01/25/2036 •  | 14093 | 13877 |
| 4.761% due 01/25/2035 •  | 184 | 191 |
| 4.806% due 10/25/2035 •  | 2718 | 2640 |
| 4.821% due 05/25/2035 •  | 8086 | 7909 |
| 4.821% due 07/25/2035 •  | 11144 | 10871 |
| 4.821% due 09/25/2035 •  | 12785 | 12098 |
| 4.866% due 09/25/2034 •  | 208 | 208 |
| 4.866% due 01/25/2035 •  | 2072 | 2044 |
| 4.896% due 05/25/2035 •  | 4588 | 4325 |
| 4.896% due 07/25/2035 •  | 9000 | 8333 |
| 4.941% due 09/25/2034 •  | 11378 | 10799 |
| 5.016% due 03/25/2035 •  | 6952 | 6558 |
| 5.121% due 08/25/2035 •  | 2782 | 2732 |
| 5.406% due 01/25/2035 •  | 2184 | 2091 |
| 5.571% due 05/25/2034 •  | 8282 | 8269 |
| 5.571% due 08/25/2035 •  | 14800 | 14089 |
| 5.601% due 10/25/2034 •  | 1722 | 1655 |
| 5.721% due 07/25/2034 •  | 744 | 743 |
| 5.826% due 05/25/2035 •  | 1000 | 886 |
| 6.621% due 03/25/2033 •  | 49 | 40 |
| 7.221% due 11/25/2032 •  | 1034 | 1103 |
| 7.371% due 11/25/2032 •  | 3 | 2 |
| 9.096% due 02/25/2033 •  | 897 | 865 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Amortizing Residential Collateral Trust**  |  |  |
| 4.546% due 10/25/2031 •  | 6 | 6 |
| 4.671% due 08/25/2031 •  | 205 | 224 |
| 5.246% due 01/25/2033 •  | 20 | 22 |
| 5.646% due 07/25/2032 •  | 10 | 12 |
| **Argent Securities Trust**  |  |  |
| 3.956% due 09/25/2036 •  | 9048 | 2941 |
| 4.026% due 07/25/2036 •  | 7821 | 2116 |
| 4.086% due 09/25/2036 •  | 4048 | 1316 |
| 4.146% due 06/25/2036 •  | 31297 | 8574 |
| 4.146% due 07/25/2036 •  | 83593 | 52155 |
| 4.166% due 05/25/2036 •  | 5195 | 1247 |
| 4.196% due 04/25/2036 •  | 17692 | 9721 |
| 4.206% due 04/25/2036 •  | 6423 | 1973 |
| 4.226% due 03/25/2036 •  | 13744 | 12895 |
| 4.326% due 06/25/2036 •  | 5356 | 1467 |
| 4.326% due 07/25/2036 •  | 5113 | 1383 |
| 4.386% due 05/25/2036 •  | 15070 | 3617 |
| 4.406% due 04/25/2036 •  | 6386 | 1961 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 3.760% due 10/25/2034 •  | 410 | 401 |
| 4.536% due 11/25/2035 •  | 25774 | 23250 |
| 4.581% due 10/25/2035 •  | 355 | 354 |
| 4.606% due 02/25/2036 •  | 2610 | 2154 |
| 4.971% due 11/25/2034 •  | 916 | 928 |
| 5.646% due 11/25/2034 •  | 3311 | 3137 |
| 5.721% due 11/25/2034 •  | 2189 | 1939 |
| 5.946% due 11/25/2034 •  | 88 | 102 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.227% due 03/25/2036 •  | 10968 | 10240 |
| 3.543% due 12/25/2036 •  | 1554 | 1522 |
| 3.567% due 01/25/2036 •  | 17634 | 16411 |
| 3.569% due 12/25/2036 •  | 13299 | 12739 |
| 4.136% due 11/25/2036 •  | 4749 | 4678 |
| 4.191% due 11/25/2036 •  | 35329 | 35258 |
| 4.746% due 06/25/2035 •  | 3167 | 3130 |
| 4.806% due 11/25/2035 •  | 16330 | 14630 |
| 4.821% due 10/25/2034 •  | 3703 | 3755 |
| 4.866% due 05/25/2035 •  | 4453 | 4419 |
| 4.866% due 07/25/2035 •  | 2215 | 2169 |
| 4.926% due 04/25/2035 •  | 3982 | 3711 |
| 4.941% due 02/25/2035 •  | 37 | 38 |
| 4.956% due 07/25/2035 •  | 3794 | 3488 |
| 5.515% due 03/15/2032 •  | 20 | 23 |
| 5.691% due 05/25/2035 •  | 7217 | 6933 |
| **Basic Asset-Backed Securities Trust** <br>4.416% due 04/25/2036 •  | 7347 | 7047 |
| **Bayview Financial Acquisition Trust** <br>4.367% due 05/28/2037 •  | 2685 | 2575 |
| **Bayview Financial Asset Trust**  |  |  |
| 4.296% due 03/25/2037 •  | 3123 | 3156 |
| 4.646% due 03/25/2037 •  | 1623 | 1647 |
| 4.746% due 03/25/2037 •  | 1698 | 1723 |
| 4.996% due 03/25/2037 •  | 923 | 937 |
| 5.346% due 03/25/2037 •  | 854 | 878 |
| **Bayview Financial Mortgage Pass-Through Trust** <br>4.712% due 04/28/2036 •  | 3333 | 3356 |
| **Bayview Financial Revolving Asset Trust** <br>4.772% due 12/28/2040 •  | 573 | 574 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 2.461% due 09/25/2034 •  | 12 | 13 |
| 4.126% due 04/25/2037 •  | 4469 | 4388 |
| 4.146% due 11/25/2036 •  | 687 | 671 |
| 4.146% due 06/25/2047 •  | 183 | 182 |
| 4.166% due 08/25/2036 •  | 2789 | 2731 |
| 4.186% due 12/25/2036 •  | 3862 | 3858 |
| 4.296% due 06/25/2036 •  | 229 | 229 |
| 4.326% due 02/25/2037 •  | 24334 | 23752 |
| 4.346% due 01/25/2037 •  | 8448 | 8288 |
| 4.366% due 02/25/2037 •  | 6710 | 6625 |
| 4.386% due 05/25/2036 •  | 19761 | 19303 |
| 4.416% due 04/25/2036 •  | 12742 | 12623 |
| 4.546% due 05/25/2037 •  | 14775 | 12822 |
| 4.626% due 12/25/2035 •  | 1395 | 1395 |
| 4.653% due 12/25/2035 •  | 3446 | 3429 |
| 4.767% due 04/25/2035 •  | 2840 | 2869 |
| 4.796% due 10/25/2037 •  | 5741 | 5731 |
| 4.842% due 05/25/2035 •  | 317 | 317 |
| 4.846% due 10/25/2037 •  | 6680 | 6542 |
| 4.851% due 06/25/2035 •  | 1993 | 1970 |
| 4.866% due 10/25/2035 •  | 3208 | 3222 |
| 4.896% due 11/25/2035 •  | 19324 | 19977 |
| 4.896% due 08/25/2037 •  | 636 | 581 |
| 4.926% due 06/25/2035 •  | 2914 | 2924 |
| 5.211% due 01/25/2035 •  | 4342 | 4465 |
| 5.446% due 08/25/2037 •  | 29266 | 26103 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.721% due 12/25/2034 •  | 12478 | 12646 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.296% due 01/25/2047 •  | 8216 | 8169 |
| 4.521% due 08/25/2036 •  | 12 | 12 |
| 4.556% due 02/25/2036 •  | 6142 | 6126 |
| 4.606% due 01/25/2037 •  | 559 | 559 |
| 4.646% due 10/27/2032 •  | 1 | 1 |
| 4.686% due 08/25/2036 •  | 1400 | 1384 |
| 4.821% due 02/25/2034 •  | 964 | 991 |
| 4.846% due 11/25/2042 •  | 293 | 297 |
| 6.471% due 09/25/2035 •  | 3909 | 3967 |
| **Bear Stearns Structured Products Trust** <br>5.846% due 03/25/2037 •  | 2046 | 2024 |
| **BNC Mortgage Loan Trust**  |  |  |
| 3.922% due 10/25/2036 •  | 7033 | 5095 |
| 4.056% due 07/25/2037 •  | 5202 | 4847 |
| 4.166% due 11/25/2036 •  | 358 | 351 |
| 4.466% due 11/25/2036 •  | 40973 | 22217 |
| **C-BASS Mortgage Loan Asset-Backed Certificates** <br>3.154% due 11/25/2035 •  | 2801 | 2691 |
| **C-BASS Trust**  |  |  |
| 2.991% due 01/25/2037 •  | 454 | 134 |
| 3.129% due 07/25/2036 •  | 12706 | 12243 |
| 3.133% due 04/25/2037 •  | 1965 | 1179 |
| 3.966% due 11/25/2036 •  | 57 | 26 |
| 4.126% due 10/25/2036 •  | 10044 | 7378 |
| 4.306% due 11/25/2036 •  | 5023 | 2297 |
| 4.326% due 10/25/2036 •  | 1758 | 1242 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 3.996% due 04/25/2036 •  | 12054 | 11914 |
| 4.006% due 10/25/2036 •  | 12672 | 9915 |
| 4.066% due 01/25/2037 •  | 23866 | 18882 |
| 4.096% due 10/25/2036 •  | 4174 | 3267 |
| 4.106% due 02/25/2037 •  | 7367 | 7180 |
| 4.146% due 08/25/2036 •  | 3771 | 3672 |
| 4.266% due 12/26/2036 •  | 8317 | 7399 |
| 4.386% due 02/25/2036 •  | 8783 | 8298 |
| 4.596% due 10/25/2035 •  | 582 | 576 |
| 4.641% due 09/25/2035 •  | 892 | 894 |
| 4.836% due 06/25/2035 •  | 2420 | 2436 |
| 4.896% due 05/25/2035 •  | 3443 | 3363 |
| 5.871% due 05/25/2035 •  | 9362 | 9116 |
| **CDC Mortgage Capital Trust**  |  |  |
| 4.761% due 11/25/2034 •  | 11 | 15 |
| 5.646% due 06/25/2034 •  | 177 | 178 |
| **Centex Home Equity Loan Trust**  |  |  |
| 4.146% due 01/25/2032 •  | 15 | 15 |
| 4.306% due 07/25/2032 •  | 32 | 30 |
| 4.326% due 06/25/2036 •  | 17148 | 17041 |
| 4.398% due 06/25/2034 •  | 398 | 387 |
| 4.446% due 01/25/2034 •  | 257 | 271 |
| 4.496% due 09/25/2032 •  | 172 | 173 |
| 4.536% due 03/25/2035 •  | 776 | 775 |
| 4.671% due 01/25/2035 •  | 851 | 844 |
| 4.776% due 09/25/2034 •  | 2471 | 2450 |
| 4.806% due 10/25/2035 •  | 3090 | 3092 |
| 4.971% due 03/25/2035 •  | 861 | 775 |
| 5.046% due 01/25/2035 •  | 1291 | 1264 |
| 5.576% due 03/25/2033 •  | 54 | 55 |
| 5.646% due 10/25/2035 •  | 12568 | 12259 |
| 6.260% due 09/25/2034 þ  | 768 | 763 |
| **Chase Funding Loan Acquisition Trust**  |  |  |
| 4.701% due 06/25/2034 •  | 5428 | 5419 |
| 4.835% due 12/25/2032 þ  | 448 | 449 |
| **Chase Funding Trust**  |  |  |
| 4.346% due 05/25/2032 •  | 21 | 21 |
| 4.446% due 07/25/2033 •  | 5 | 5 |
| 4.725% due 05/25/2033  | 3596 | 3467 |
| 5.160% due 03/25/2033 þ  | 1419 | 1427 |
| **CHEC Loan Trust** <br>4.806% due 06/25/2034 •  | 67 | 71 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 26792 | 27227 |
| **Citicorp Residential Mortgage Trust**  |  |  |
| 4.380% due 11/25/2036 þ  | 1062 | 1048 |
| 4.449% due 06/25/2037 þ  | 13307 | 13177 |
| 4.487% due 09/25/2036 þ  | 16461 | 16082 |
| **Citigroup Mortgage Loan Trust Asset-Backed Pass-Through Certificates**  |  |  |
| 4.791% due 10/25/2034 •  | 3230 | 3179 |
| 5.421% due 10/25/2034 •  | 499 | 440 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.906% due 07/25/2045 •  | 1134 | 806 |
| 4.006% due 01/25/2037 •  | 10033 | 7496 |
| 4.016% due 05/25/2037 •  | 32005 | 24478 |
| 4.036% due 05/25/2037 •  | 28616 | 19486 |
| 4.046% due 12/25/2036 •  | 2978 | 2083 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.106% due 03/25/2037 •  | 24139 | 22239 |
| 4.126% due 12/25/2036 •  | 3686 | 3619 |
| 4.166% due 09/25/2036 •  | 4163 | 3832 |
| 4.166% due 12/25/2036 •  | 6041 | 4230 |
| 4.206% due 01/25/2037 •  | 59939 | 44777 |
| 4.221% due 12/25/2036 •  | 14644 | 14073 |
| 4.251% due 05/25/2037 •  | 25635 | 24379 |
| 4.266% due 12/25/2036 •  | 4602 | 4577 |
| 4.296% due 08/25/2036 •  | 5036 | 4972 |
| 4.346% due 08/25/2036 •  | 2969 | 2943 |
| 4.346% due 01/25/2037 •  | 19513 | 14575 |
| 4.366% due 03/25/2036 •  | 3023 | 2802 |
| 4.446% due 12/25/2035 •  | 10218 | 9976 |
| 4.476% due 02/25/2035 •  | 1012 | 958 |
| 4.521% due 10/25/2035 •  | 159 | 158 |
| 4.536% due 10/25/2035 •  | 3900 | 3690 |
| 4.551% due 01/25/2036 •  | 1622 | 1623 |
| 4.581% due 09/25/2035 •  | 439 | 439 |
| 4.746% due 09/25/2035 •  | 6350 | 6183 |
| 7.250% due 10/25/2037 þ  | 11367 | 11072 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.126% due 03/25/2037 •  | 269 | 269 |
| 4.136% due 05/25/2047 •  | 894 | 874 |
| 4.246% due 02/25/2037 •  | 1364 | 1308 |
| 4.281% due 11/25/2036 •  | 12345 | 11941 |
| 4.286% due 07/25/2034 •  | 3290 | 3241 |
| 4.326% due 03/25/2037 •  | 20165 | 18924 |
| 4.326% due 04/25/2037 •  | 4636 | 4171 |
| 4.341% due 03/25/2037 •  | 17404 | 21404 |
| 4.346% due 01/25/2046 •  | 26233 | 25097 |
| 4.446% due 06/25/2033 •  | 2 | 2 |
| 4.526% due 12/25/2036 •  | 6637 | 5558 |
| 4.546% due 12/25/2033 •  | 302 | 306 |
| 4.746% due 09/25/2034 •  | 182 | 179 |
| 4.746% due 03/25/2047 •  | 5120 | 3894 |
| 4.896% due 07/25/2033 •  | 134 | 134 |
| 4.941% due 05/25/2035 •  | 1019 | 1014 |
| 5.046% due 10/25/2035 •  | 1442 | 1439 |
| 5.421% due 08/25/2034 •  | 9041 | 8493 |
| 5.871% due 01/25/2035 •  | 4674 | 4620 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.332% due 04/25/2035 •  | 456 | 453 |
| 3.966% due 01/25/2037 •  | 8195 | 8141 |
| 3.986% due 08/25/2037 •  | 52437 | 47190 |
| 4.026% due 06/25/2047 •  | 3832 | 3696 |
| 4.032% due 05/25/2035 •  | 222 | 221 |
| 4.032% due 08/25/2035 •  | 3250 | 3199 |
| 4.036% due 11/25/2037 •  | 9860 | 9511 |
| 4.046% due 06/25/2047 •  | 16517 | 14889 |
| 4.076% due 10/25/2047 •  | 477 | 476 |
| 4.096% due 02/25/2036 •  | 4988 | 4876 |
| 4.096% due 06/25/2047 •  | 14855 | 14532 |
| 4.106% due 12/25/2036 •  | 7772 | 7303 |
| 4.106% due 11/25/2037 •  | 39602 | 37658 |
| 4.106% due 04/25/2046 •  | 17085 | 16141 |
| 4.126% due 05/25/2035 •  | 11197 | 10919 |
| 4.126% due 06/25/2035 •  | 11164 | 10335 |
| 4.126% due 02/25/2037 •  | 14895 | 14334 |
| 4.126% due 03/25/2037 •  | 11431 | 11297 |
| 4.126% due 05/25/2037 •  | 24996 | 24019 |
| 4.126% due 06/25/2037 •  | 12940 | 12143 |
| 4.126% due 07/25/2037 •  | 36446 | 33819 |
| 4.126% due 04/25/2047 •  | 8879 | 8720 |
| 4.126% due 06/25/2047 •  | 34951 | 33219 |
| 4.136% due 10/25/2047 •  | 10000 | 8813 |
| 4.169% due 07/25/2034 ~  | 980 | 701 |
| 4.169% due 08/25/2034 ~  | 2442 | 2110 |
| 4.206% due 11/25/2047 •  | 17044 | 16346 |
| 4.242% due 10/25/2046 ~  | 119 | 125 |
| 4.246% due 09/25/2037 •  | 22687 | 21273 |
| 4.246% due 09/25/2047 •  | 21520 | 20429 |
| 4.286% due 05/25/2037 •  | 1776 | 1730 |
| 4.286% due 06/25/2037 •  | 2951 | 2906 |
| 4.286% due 09/25/2037 •  | 3852 | 4112 |
| 4.286% due 06/25/2047 •  | 41753 | 39869 |
| 4.286% due 09/25/2047 •  | 4466 | 4591 |
| 4.296% due 02/25/2037 •  | 938 | 937 |
| 4.306% due 05/25/2037 •  | 10106 | 9474 |
| 4.306% due 07/25/2037 •  | 45615 | 40916 |
| 4.326% due 09/25/2036 •  | 14831 | 14079 |
| 4.326% due 02/25/2037 •  | 12541 | 12230 |
| 4.326% due 12/25/2046 •  | 11805 | 11540 |
| 4.346% due 04/25/2046 •  | 1355 | 1328 |
| 4.346% due 11/25/2047 •  | 18325 | 16809 |
| 4.366% due 12/25/2036 •  | 1977 | 1909 |
| 4.366% due 09/25/2046 •  | 9630 | 9310 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.371% due 08/25/2036 •  | 913 | 902 |
| 4.401% due 04/25/2036 •  | 2541 | 2535 |
| 4.426% due 06/25/2037 •  | 6737 | 6633 |
| 4.486% due 05/25/2047 •  | 19692 | 14973 |
| 4.491% due 05/25/2036 •  | 22800 | 22508 |
| 4.506% due 08/25/2035 •  | 3727 | 3700 |
| 4.546% due 03/25/2036 •  | 4255 | 3896 |
| 4.551% due 09/25/2035 •  | 5578 | 5531 |
| 4.566% due 08/25/2035 •  | 8200 | 7737 |
| 4.581% due 04/25/2036 •  | 16400 | 16354 |
| 4.586% due 12/25/2034 •  | 589 | 580 |
| 4.611% due 02/25/2036 •  | 3977 | 3974 |
| 4.626% due 11/25/2034 •  | 247 | 242 |
| 4.686% due 10/25/2047 •  | 8141 | 7956 |
| 4.746% due 11/25/2034 •  | 224 | 222 |
| 4.746% due 05/25/2036 •  | 239 | 237 |
| 4.836% due 02/25/2036 •  | 6000 | 5521 |
| 4.896% due 11/25/2034 •  | 18 | 26 |
| 4.941% due 04/25/2036 •  | 11300 | 11088 |
| 4.956% due 08/25/2035 •  | 1558 | 1548 |
| 4.971% due 11/25/2035 •  | 2915 | 2905 |
| 4.986% due 01/25/2036 •  | 7675 | 7677 |
| 5.016% due 04/25/2036 •  | 15345 | 14006 |
| 5.050% due 02/25/2036 ~  | 4 | 4 |
| 5.115% due 10/25/2035 ~  | 5000 | 4643 |
| 5.270% due 02/25/2035 ~  | 3538 | 3488 |
| 5.496% due 06/25/2035 •  | 4068 | 4065 |
| 5.572% due 11/25/2034 ~  | 1888 | 1861 |
| 5.676% due 12/25/2035 •  | 9836 | 9192 |
| 5.721% due 07/25/2035 •  | 6060 | 6047 |
| 5.796% due 08/25/2035 •  | 2000 | 1909 |
| 6.246% due 10/25/2034 •  | 570 | 568 |
| **Countrywide Asset-Backed Notes Trust**  |  |  |
| 4.506% due 07/25/2036 •  | 68 | 68 |
| 5.721% due 12/25/2034 •  | 815 | 942 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 4.379% due 01/25/2032 •  | 3 | 3 |
| 4.698% due 08/25/2032 •  | 85 | 80 |
| 5.071% due 02/25/2035 •  | 2502 | 2501 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 2.889% due 08/25/2035 •  | 6301 | 6062 |
| 3.049% due 12/25/2035 •  | 19631 | 18235 |
| 3.306% due 10/25/2034 •  | 1419 | 1363 |
| 3.345% due 12/25/2035 •  | 1709 | 1656 |
| 4.226% due 07/25/2037 •  | 3985 | 2679 |
| 4.326% due 07/25/2037 •  | 3684 | 2477 |
| 4.446% due 07/25/2037 •  | 3900 | 2622 |
| 4.761% due 01/25/2034 •  | 762 | 821 |
| 6.780% due 05/25/2035 þ  | 1584 | 1467 |
| **DFC HEL Trust** <br>5.721% due 12/25/2031 •  | 1129 | 1081 |
| **Ellington Loan Acquisition Trust**  |  |  |
| 4.896% due 05/25/2037 •  | 26198 | 26029 |
| 5.346% due 05/25/2037 •  | 1353 | 1342 |
| 5.446% due 05/25/2037 •  | 35744 | 33337 |
| **EMC Mortgage Loan Trust**  |  |  |
| 4.586% due 05/25/2040 •  | 26 | 26 |
| 4.946% due 08/25/2040 •  | 210 | 213 |
| 4.946% due 11/25/2041 •  | 28 | 28 |
| **Encore Credit Receivables Trust**  |  |  |
| 4.536% due 07/25/2035 •  | 6849 | 6750 |
| 4.746% due 10/25/2035 •  | 1453 | 1452 |
| 4.746% due 01/25/2036 •  | 5883 | 5770 |
| **EquiFirst Loan Securitization Trust** <br>4.186% due 04/25/2037 •  | 22410 | 21072 |
| **EquiFirst Mortgage Loan Trust**  |  |  |
| 4.851% due 04/25/2035 •  | 24 | 24 |
| 4.911% due 04/25/2035 •  | 1904 | 1871 |
| 5.346% due 12/25/2034 •  | 150 | 150 |
| 5.571% due 12/25/2034 •  | 756 | 744 |
| 5.646% due 04/25/2035 •  | 4623 | 4273 |
| 6.321% due 12/25/2034 •  | 501 | 474 |
| 7.746% due 12/25/2034 •  | 985 | 874 |
| **FBR Securitization Trust** <br>4.551% due 11/25/2035 •  | 188 | 187 |
| **Fieldstone Mortgage Investment Trust**  |  |  |
| 4.126% due 07/25/2036 •  | 13319 | 10343 |
| 4.226% due 05/25/2036 •  | 19655 | 15022 |
| 4.309% due 11/25/2036 •  | 1518 | 999 |
| 4.491% due 02/25/2036 •  | 5814 | 5176 |
| 4.549% due 11/25/2036 •  | 9085 | 5979 |
| 5.016% due 03/25/2035 •  | 2117 | 1854 |
| **Finance America Mortgage Loan Trust** <br>4.896% due 09/25/2033 •  | 59 | 59 |
| **Finance of America HECM Buyout** <br>4.000% due 10/01/2034 ~ | 2660 | 2662 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Finance of America Structured Securities Trust** <br>3.500% due 07/25/2075 þ | 560310 | 548003 |
| **Financial Asset Securities Corp. AAA Trust** <br>4.246% due 02/27/2035 •  | 1107 | 1064 |
| **First NLC Trust**  |  |  |
| 2.954% due 05/25/2035 •  | 1078 | 0 |
| 3.916% due 08/25/2037 •  | 3954 | 2003 |
| **Fremont Home Loan Trust**  |  |  |
| 4.046% due 08/25/2036 •  | 4557 | 1416 |
| 4.106% due 11/25/2036 •  | 20048 | 7042 |
| 4.116% due 10/25/2036 •  | 7860 | 7279 |
| 4.146% due 10/25/2036 •  | 4841 | 1941 |
| 4.166% due 08/25/2036 •  | 30214 | 9389 |
| 4.186% due 02/25/2036 •  | 4181 | 4100 |
| 4.186% due 02/25/2037 •  | 17139 | 5188 |
| 4.286% due 01/25/2037 •  | 21379 | 9866 |
| 4.326% due 08/25/2036 •  | 7735 | 2403 |
| 4.346% due 05/25/2036 •  | 6435 | 4231 |
| 4.386% due 04/25/2036 •  | 27688 | 25102 |
| 4.461% due 11/25/2035 •  | 2678 | 2501 |
| 4.521% due 01/25/2036 •  | 44985 | 38489 |
| 4.716% due 11/25/2034 •  | 1769 | 1606 |
| 4.776% due 06/25/2035 •  | 1137 | 1073 |
| 4.806% due 04/25/2035 •  | 5257 | 4659 |
| 4.851% due 04/25/2035 •  | 5112 | 677 |
| 4.896% due 11/25/2034 •  | 3802 | 3681 |
| 4.911% due 06/25/2035 •  | 1653 | 1648 |
| 5.001% due 06/25/2035 •  | 22416 | 19443 |
| **GE-WMC Mortgage Securities Trust**  |  |  |
| 3.926% due 08/25/2036 •  | 2 | 1 |
| 4.106% due 08/25/2036 •  | 1985 | 1864 |
| **GSAA Home Equity Trust**  |  |  |
| 3.966% due 05/25/2036 •  | 5950 | 1219 |
| 3.986% due 03/25/2036 •  | 19 | 6 |
| 4.046% due 03/25/2037 •  | 29497 | 8042 |
| 4.086% due 06/25/2036 •  | 58468 | 10853 |
| 4.166% due 06/25/2036 •  | 34001 | 6327 |
| 4.186% due 10/25/2036 •  | 35439 | 8393 |
| 4.186% due 02/25/2037 •  | 7695 | 2115 |
| 4.206% due 03/25/2036 •  | 18708 | 6008 |
| 4.206% due 05/25/2036 •  | 21035 | 4359 |
| 4.206% due 11/25/2036 •  | 16372 | 3910 |
| 4.226% due 03/25/2036 •  | 12009 | 3952 |
| 4.286% due 05/25/2047 •  | 4926 | 2893 |
| 4.306% due 04/25/2047 •  | 3211 | 1400 |
| 4.326% due 06/25/2036 •  | 2542 | 640 |
| 4.346% due 01/25/2036 •  | 4103 | 1302 |
| 4.386% due 03/25/2036 •  | 21264 | 9665 |
| 4.486% due 04/25/2047 •  | 9861 | 4283 |
| 4.546% due 08/25/2037 •  | 277 | 275 |
| 4.581% due 06/25/2035 •  | 2010 | 2007 |
| 4.641% due 08/25/2035 •  | 4304 | 4290 |
| 4.821% due 06/25/2034 •  | 369 | 367 |
| 5.344% due 09/25/2035 ~  | 143 | 94 |
| 5.679% due 09/25/2036 ~  | 8880 | 2231 |
| 5.772% due 11/25/2036 ~  | 6779 | 1832 |
| 5.917% due 03/25/2037 ~  | 32891 | 5802 |
| 6.000% due 11/25/2037  | 524 | 254 |
| 6.376% due 09/25/2036 þ  | 7984 | 2001 |
| 6.423% due 11/25/2036 þ  | 19676 | 5315 |
| 6.483% due 03/25/2037 þ  | 9140 | 2422 |
| 6.500% due 10/25/2037  | 4889 | 2683 |
| 6.500% due 11/25/2037  | 12687 | 4548 |
| 6.692% due 09/25/2036 þ  | 8742 | 2189 |
| 6.948% due 06/25/2036 þ  | 18115 | 3965 |
| **GSAA Trust** <br>6.720% due 04/25/2034 þ | 1469 | 1462 |
| **GSAMP Trust**  |  |  |
| 2.357% due 10/25/2036 •  | 1494 | 7 |
| 3.916% due 12/25/2036 •  | 600 | 298 |
| 3.936% due 01/25/2037 •  | 5781 | 3582 |
| 3.966% due 12/25/2036 •  | 882 | 438 |
| 4.006% due 08/25/2036 •  | 4130 | 3588 |
| 4.006% due 11/25/2036 •  | 878 | 412 |
| 4.016% due 12/25/2036 •  | 4668 | 2318 |
| 4.026% due 11/25/2035 •  | 179 | 13 |
| 4.106% due 12/25/2046 •  | 4697 | 2512 |
| 4.126% due 06/25/2036 •  | 2693 | 2663 |
| 4.126% due 08/25/2036 •  | 3793 | 3740 |
| 4.126% due 11/25/2036 •  | 54267 | 25376 |
| 4.146% due 06/25/2036 •  | 25802 | 14371 |
| 4.146% due 12/25/2036 •  | 341 | 340 |
| 4.166% due 04/25/2036 •  | 1690 | 1145 |
| 4.186% due 01/25/2037 •  | 868 | 856 |
| 4.246% due 11/25/2036 •  | 11993 | 5626 |
| 4.296% due 06/25/2036 •  | 7100 | 6244 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.326% due 06/25/2036 •  | 3127 | 1734 |
| 4.326% due 08/25/2036 •  | 20153 | 18732 |
| 4.366% due 02/25/2046 •  | 410 | 389 |
| 4.386% due 02/25/2036 •  | 7047 | 6885 |
| 4.386% due 03/25/2047 •  | 10705 | 8065 |
| 4.491% due 11/25/2035 •  | 7761 | 7737 |
| 4.521% due 11/25/2035 •  | 51 | 50 |
| 4.586% due 03/25/2047 •  | 1826 | 1375 |
| 4.626% due 07/25/2045 •  | 1334 | 1354 |
| 4.731% due 07/25/2045 •  | 6976 | 6619 |
| 4.746% due 11/25/2035 •  | 2247 | 2219 |
| 4.791% due 11/25/2035 •  | 4016 | 3709 |
| 4.821% due 03/25/2035 •  | 2746 | 2668 |
| 5.571% due 12/25/2034 •  | 4695 | 4545 |
| **Home Equity Asset Trust**  |  |  |
| 4.146% due 10/25/2036 •  | 105 | 111 |
| 4.146% due 11/25/2036 •  | 193 | 191 |
| 4.358% due 10/25/2035 •  | 2202 | 2203 |
| 4.416% due 05/25/2036 •  | 13805 | 14206 |
| 4.446% due 07/25/2036 •  | 4678 | 4491 |
| 4.461% due 04/25/2036 •  | 231 | 229 |
| 4.506% due 04/25/2036 •  | 7056 | 6915 |
| 4.551% due 01/25/2036 •  | 2889 | 2797 |
| 4.551% due 02/25/2036 •  | 14725 | 16848 |
| 4.551% due 04/25/2036 •  | 11470 | 11417 |
| 4.606% due 11/25/2032 •  | 128 | 121 |
| 4.791% due 11/25/2035 •  | 5871 | 5806 |
| 4.791% due 12/25/2035 •  | 2810 | 2754 |
| 4.911% due 08/25/2035 •  | 2610 | 2614 |
| 5.046% due 06/25/2032 •  | 64 | 64 |
| 5.046% due 07/25/2035 •  | 4496 | 4487 |
| 5.346% due 03/25/2035 •  | 771 | 761 |
| 5.446% due 03/25/2035 •  | 1629 | 1587 |
| 5.496% due 12/25/2034 •  | 1215 | 1218 |
| 6.046% due 06/25/2034 •  | 1667 | 1685 |
| 6.396% due 03/25/2033 •  | 3044 | 2943 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.006% due 11/25/2036 •  | 7139 | 6674 |
| 4.036% due 04/25/2037 •  | 1118 | 766 |
| 4.066% due 04/25/2037 •  | 35302 | 27876 |
| 4.086% due 11/25/2036 •  | 7998 | 6745 |
| 4.166% due 04/25/2037 •  | 7185 | 6444 |
| 4.166% due 07/25/2037 •  | 337 | 190 |
| 4.186% due 04/25/2037 •  | 3033 | 2190 |
| 4.226% due 07/25/2037 •  | 43664 | 17188 |
| 4.246% due 07/25/2037 •  | 14427 | 8115 |
| 4.326% due 08/25/2036 •  | 12095 | 11244 |
| 4.406% due 06/25/2036 •  | 7278 | 6792 |
| 4.446% due 03/25/2036 •  | 17775 | 16436 |
| 4.506% due 03/25/2036 •  | 14154 | 13519 |
| 4.626% due 10/25/2035 •  | 13050 | 12542 |
| 4.911% due 08/25/2035 •  | 8950 | 8816 |
| **HSI Asset Loan Obligation Trust** <br>6.230% due 12/25/2036 þ | 11847 | 3649 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 3.946% due 10/25/2036 •  | 2149 | 763 |
| 3.986% due 12/25/2036 •  | 25944 | 22749 |
| 3.986% due 01/25/2037 •  | 42998 | 33332 |
| 4.066% due 10/25/2036 •  | 14874 | 5310 |
| 4.126% due 10/25/2036 •  | 4227 | 1130 |
| 4.166% due 10/25/2036 •  | 7581 | 2717 |
| 4.186% due 12/25/2036 •  | 25364 | 5911 |
| 4.221% due 05/25/2037 •  | 1528 | 1530 |
| 4.226% due 04/25/2037 •  | 13415 | 6773 |
| 4.326% due 10/25/2036 •  | 1689 | 608 |
| 4.341% due 02/25/2036 •  | 4058 | 3967 |
| 4.366% due 04/25/2037 •  | 6778 | 3431 |
| 4.371% due 02/25/2036 •  | 16250 | 14413 |
| 4.431% due 12/25/2035 •  | 5232 | 5074 |
| 4.431% due 01/25/2036 •  | 155 | 155 |
| 4.461% due 01/25/2036 •  | 7185 | 6970 |
| 4.626% due 01/25/2036 •  | 5700 | 5070 |
| **IXIS Real Estate Capital Trust**  |  |  |
| 3.906% due 05/25/2037 •  | 5083 | 1047 |
| 3.956% due 05/25/2037 •  | 10088 | 2077 |
| 4.006% due 05/25/2037 •  | 31510 | 6485 |
| 4.146% due 01/25/2037 •  | 74389 | 24484 |
| 4.166% due 08/25/2036 •  | 57853 | 15914 |
| 4.246% due 03/25/2036 •  | 9179 | 4798 |
| 4.366% due 08/25/2036 •  | 29373 | 8079 |
| 4.791% due 02/25/2035 •  | 247 | 253 |
| **JP Morgan Mortgage Acquisition Corp.**  |  |  |
| 2.664% due 10/25/2035 •  | 6100 | 5435 |
| 4.356% due 02/25/2036 •  | 2225 | 2213 |
| 4.386% due 03/25/2036 •  | 31441 | 30598 |
| 4.431% due 05/25/2035 •  | 120 | 119 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.431% due 01/25/2036 •  | 9365 | 9536 |
| 4.491% due 05/25/2035 •  | 16317 | 14373 |
| 4.551% due 09/25/2035 •  | 2783 | 2797 |
| 4.776% due 06/25/2035 •  | 16467 | 15797 |
| 4.821% due 12/25/2035 •  | 8591 | 8206 |
| 4.911% due 06/25/2035 •  | 11812 | 10186 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 3.882% due 11/25/2036 •  | 8219 | 7844 |
| 4.066% due 08/25/2036 •  | 1927 | 1471 |
| 4.076% due 05/25/2037 •  | 20765 | 20490 |
| 4.086% due 05/25/2037 •  | 32875 | 30744 |
| 4.106% due 08/25/2036 •  | 1537 | 1525 |
| 4.116% due 07/25/2036 •  | 19358 | 17651 |
| 4.166% due 03/25/2037 •  | 1115 | 1112 |
| 4.251% due 07/25/2036 •  | 10142 | 10068 |
| 4.281% due 05/25/2036 •  | 21130 | 19943 |
| 4.326% due 04/25/2036 •  | 13006 | 13594 |
| 4.326% due 08/25/2036 •  | 16210 | 12422 |
| 4.482% due 11/25/2036 •  | 1794 | 1941 |
| 4.506% due 07/25/2036 •  | 3200 | 3058 |
| 4.641% due 01/25/2037 •  | 2350 | 2119 |
| 6.330% due 07/25/2036 þ  | 4746 | 1234 |
| 6.910% due 07/25/2036 þ  | 6767 | 1756 |
| **JP Morgan Mortgage Trust** <br>0.000% due 10/25/2055 ~ | 117090 | 126936 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.026% due 09/25/2036 •  | 9648 | 2422 |
| 4.046% due 12/25/2036 •  | 13423 | 4616 |
| 4.066% due 11/25/2036 •  | 6495 | 1948 |
| 4.086% due 08/25/2036 •  | 5388 | 2146 |
| 4.136% due 07/25/2036 •  | 11764 | 8202 |
| 4.146% due 05/25/2036 •  | 42212 | 22357 |
| 4.146% due 06/25/2036 •  | 52139 | 24689 |
| 4.146% due 07/25/2036 •  | 8766 | 3474 |
| 4.146% due 09/25/2036 •  | 35478 | 23101 |
| 4.156% due 08/25/2036 •  | 24317 | 12711 |
| 4.156% due 10/25/2036 •  | 38979 | 21512 |
| 4.166% due 05/25/2036 •  | 8258 | 2406 |
| 4.166% due 08/25/2036 •  | 54297 | 21643 |
| 4.166% due 09/25/2036 •  | 2862 | 721 |
| 4.166% due 10/25/2036 •  | 46512 | 14493 |
| 4.166% due 12/25/2036 •  | 20993 | 14390 |
| 4.166% due 05/25/2046 •  | 5331 | 5102 |
| 4.186% due 12/25/2036 •  | 32225 | 11098 |
| 4.226% due 03/25/2046 •  | 68124 | 22668 |
| 4.246% due 01/25/2036 •  | 11277 | 10953 |
| 4.286% due 02/25/2036 •  | 6132 | 6093 |
| 4.286% due 11/25/2036 •  | 11722 | 3513 |
| 4.306% due 12/25/2036 •  | 22128 | 7629 |
| 4.326% due 08/25/2036 •  | 20793 | 8303 |
| 4.366% due 05/25/2036 •  | 25119 | 7351 |
| 4.446% due 01/25/2036 •  | 29636 | 27343 |
| 4.476% due 01/25/2046 •  | 35297 | 34519 |
| 4.626% due 08/25/2035 •  | 256 | 254 |
| 4.641% due 06/25/2034 •  | 736 | 753 |
| 4.701% due 07/25/2034 •  | 1182 | 1191 |
| 4.971% due 07/25/2033 •  | 1779 | 1779 |
| 5.046% due 11/25/2034 •  | 3042 | 2942 |
| 5.076% due 06/25/2033 •  | 1366 | 1435 |
| 5.271% due 02/25/2035 •  | 8445 | 7944 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 3.946% due 08/25/2036 •  | 4614 | 1562 |
| 3.946% due 10/25/2036 •  | 36362 | 11887 |
| 3.946% due 11/25/2036 •  | 288 | 84 |
| 3.946% due 01/25/2037 •  | 38885 | 11031 |
| 4.046% due 08/25/2036 •  | 9724 | 2787 |
| 4.046% due 10/25/2036 •  | 6897 | 3331 |
| 4.046% due 11/25/2036 •  | 12846 | 7628 |
| 4.046% due 01/25/2037 •  | 30906 | 8767 |
| 4.066% due 08/25/2036 •  | 6376 | 2254 |
| 4.086% due 10/25/2036 •  | 29984 | 9809 |
| 4.106% due 10/25/2036 •  | 29065 | 12999 |
| 4.136% due 10/25/2036 •  | 50235 | 19212 |
| 4.136% due 01/25/2037 •  | 24863 | 6510 |
| 4.146% due 03/25/2036 •  | 6038 | 3585 |
| 4.146% due 04/25/2036 •  | 24041 | 4896 |
| 4.146% due 08/25/2036 •  | 46638 | 14782 |
| 4.146% due 05/25/2037 •  | 5544 | 5012 |
| 4.166% due 08/25/2036 •  | 7789 | 2650 |
| 4.166% due 10/25/2036 •  | 6134 | 2962 |
| 4.166% due 01/25/2037 •  | 34127 | 9681 |
| 4.246% due 04/25/2036 •  | 62033 | 9394 |
| 4.266% due 10/25/2036 •  | 8221 | 3970 |
| 4.266% due 11/25/2036 •  | 17510 | 5086 |
| 4.266% due 05/25/2037 •  | 631 | 616 |
| 4.286% due 11/25/2036 •  | 2382 | 1415 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.306% due 01/25/2037 •  | 21269 | 6033 |
| 4.326% due 06/25/2036 •  | 3702 | 1255 |
| 4.326% due 08/25/2036 •  | 47765 | 15201 |
| 4.336% due 10/25/2036 •  | 5582 | 2145 |
| 4.366% due 06/25/2036 •  | 1420 | 1346 |
| 4.386% due 02/25/2036 •  | 8790 | 3184 |
| 4.416% due 01/25/2036 •  | 1311 | 1318 |
| 4.461% due 01/25/2036 •  | 11870 | 10900 |
| 4.596% due 03/25/2035 •  | 7389 | 6987 |
| 4.596% due 10/25/2035 •  | 9778 | 9696 |
| 4.821% due 05/25/2035 •  | 308 | 338 |
| 4.851% due 03/25/2035 •  | 2751 | 2783 |
| 4.896% due 05/25/2035 •  | 2000 | 2010 |
| 4.996% due 08/25/2037 •  | 15575 | 13833 |
| 8.496% due 05/25/2033 •  | 2621 | 2538 |
| **MASTR Specialized Loan Trust**  |  |  |
| 4.366% due 02/25/2036 •  | 948 | 934 |
| 4.586% due 01/25/2037 •  | 9078 | 3564 |
| **Merrill Lynch First Franklin Mortgage Loan Trust**  |  |  |
| 4.186% due 04/25/2037 •  | 32847 | 12217 |
| 4.186% due 05/25/2037 •  | 13280 | 9719 |
| 4.326% due 05/25/2037 •  | 23452 | 17269 |
| 4.346% due 04/25/2037 •  | 20119 | 7524 |
| 4.486% due 05/25/2037 •  | 14654 | 10853 |
| 5.546% due 10/25/2037 •  | 24444 | 15074 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 1.631% due 04/25/2047 •  | 32073 | 12365 |
| 3.840% due 03/25/2037 þ  | 21240 | 3989 |
| 3.970% due 11/25/2037 •  | 13876 | 6823 |
| 4.010% due 11/25/2037 •  | 26666 | 8247 |
| 4.046% due 05/25/2037 •  | 2779 | 304 |
| 4.046% due 07/25/2037 •  | 3558 | 731 |
| 4.086% due 10/25/2037 •  | 20025 | 2949 |
| 4.136% due 08/25/2037 •  | 6335 | 5870 |
| 4.146% due 06/25/2037 •  | 13864 | 3653 |
| 4.146% due 08/25/2037 •  | 1501 | 1494 |
| 4.146% due 09/25/2037 •  | 42196 | 11977 |
| 4.166% due 03/25/2037 •  | 4950 | 1286 |
| 4.166% due 04/25/2037 •  | 9161 | 4335 |
| 4.166% due 05/25/2037 •  | 5490 | 3269 |
| 4.166% due 07/25/2037 •  | 2375 | 1347 |
| 4.176% due 03/25/2037 •  | 19336 | 6205 |
| 4.216% due 05/25/2037 •  | 6903 | 1942 |
| 4.326% due 08/25/2037 •  | 971 | 844 |
| 4.346% due 03/25/2037 •  | 24014 | 18998 |
| 4.446% due 12/25/2036 •  | 10325 | 10001 |
| 4.446% due 01/25/2037 •  | 13783 | 12736 |
| 4.596% due 09/25/2035 •  | 1592 | 1573 |
| 4.641% due 09/25/2035 •  | 44 | 43 |
| 4.716% due 05/25/2036 •  | 3990 | 3409 |
| 4.746% due 02/25/2047 •  | 21538 | 12485 |
| 4.776% due 07/25/2035 •  | 5446 | 5461 |
| 4.791% due 02/25/2036 •  | 1190 | 1201 |
| 4.821% due 04/25/2036 •  | 1419 | 1415 |
| 4.851% due 06/25/2036 •  | 2667 | 2218 |
| 4.881% due 02/25/2036 •  | 498 | 490 |
| 4.971% due 08/25/2036 •  | 831 | 1063 |
| 6.321% due 06/25/2034 •  | 226 | 226 |
| 7.409% due 04/25/2035 •  | 260 | 220 |
| **MESA Trust** <br>7.071% due 11/25/2031 •  | 659 | 575 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.906% due 05/25/2037 •  | 4145 | 3804 |
| 3.946% due 10/25/2036 •  | 3810 | 1680 |
| 3.946% due 11/25/2036 •  | 1410 | 836 |
| 3.956% due 03/25/2037 •  | 2608 | 1116 |
| 3.976% due 10/25/2036 •  | 12738 | 11515 |
| 3.976% due 12/25/2036 •  | 38542 | 24119 |
| 3.976% due 01/25/2037 •  | 19639 | 9095 |
| 3.986% due 10/25/2036 •  | 33195 | 14635 |
| 3.986% due 11/25/2036 •  | 2925 | 1407 |
| 3.986% due 05/25/2037 •  | 19409 | 16796 |
| 3.996% due 10/25/2036 •  | 13686 | 7192 |
| 3.996% due 12/25/2036 •  | 3745 | 1890 |
| 4.006% due 09/25/2036 •  | 213 | 92 |
| 4.026% due 02/25/2037 •  | 23467 | 7488 |
| 4.026% due 03/25/2037 •  | 23227 | 9935 |
| 4.026% due 05/25/2037 •  | 9624 | 8830 |
| 4.036% due 05/25/2037 •  | 11679 | 9125 |
| 4.046% due 09/25/2036 •  | 2530 | 1088 |
| 4.046% due 02/25/2037 •  | 8118 | 3609 |
| 4.046% due 05/25/2037 •  | 3176 | 1844 |
| 4.066% due 10/25/2036 •  | 1175 | 518 |
| 4.066% due 11/25/2036 •  | 9763 | 4695 |
| 4.076% due 10/25/2036 •  | 7817 | 4107 |
| 4.076% due 02/25/2037 •  | 28510 | 9096 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.096% due 12/25/2036 •  | 4042 | 2040 |
| 4.096% due 03/25/2037 •  | 38627 | 16527 |
| 4.096% due 05/25/2037 •  | 14947 | 13713 |
| 4.106% due 09/25/2036 •  | 40225 | 17567 |
| 4.106% due 02/25/2037 •  | 19696 | 8755 |
| 4.106% due 05/25/2037 •  | 9390 | 7336 |
| 4.126% due 08/25/2036 •  | 25533 | 12882 |
| 4.146% due 06/25/2036 •  | 4778 | 2394 |
| 4.146% due 09/25/2036 •  | 13115 | 4542 |
| 4.166% due 09/25/2036 •  | 22464 | 9654 |
| 4.176% due 02/25/2037 •  | 6746 | 2998 |
| 4.306% due 09/25/2036 •  | 3416 | 1467 |
| 4.341% due 03/25/2036 •  | 7151 | 6025 |
| 4.346% due 04/25/2036 •  | 10836 | 10505 |
| 4.346% due 08/25/2036 •  | 10262 | 5174 |
| 4.386% due 03/25/2036 •  | 3534 | 3462 |
| 4.446% due 12/25/2035 •  | 16097 | 15309 |
| 4.466% due 12/25/2035 •  | 3719 | 3678 |
| 4.506% due 01/25/2035 •  | 842 | 845 |
| 4.521% due 09/25/2035 •  | 262 | 254 |
| 4.551% due 02/25/2035 •  | 251 | 250 |
| 4.586% due 01/25/2034 •  | 4027 | 4066 |
| 4.626% due 01/25/2035 •  | 2868 | 2934 |
| 4.656% due 04/25/2034 •  | 1815 | 1869 |
| 4.671% due 08/25/2034 •  | 94 | 93 |
| 4.731% due 11/25/2034 •  | 1570 | 1522 |
| 4.746% due 05/25/2034 •  | 8000 | 8611 |
| 4.746% due 08/25/2034 •  | 9833 | 10365 |
| 4.761% due 07/25/2034 •  | 1456 | 1485 |
| 4.761% due 09/25/2034 •  | 6381 | 6513 |
| 4.776% due 07/25/2035 •  | 2027 | 1998 |
| 4.806% due 03/25/2035 •  | 4168 | 4044 |
| 4.821% due 07/25/2034 •  | 221 | 238 |
| 4.821% due 07/25/2035 •  | 3750 | 3397 |
| 4.836% due 06/25/2035 •  | 615 | 615 |
| 4.881% due 01/25/2035 •  | 2114 | 2030 |
| 4.881% due 03/25/2035 •  | 2526 | 2341 |
| 4.881% due 07/25/2035 •  | 1839 | 1817 |
| 4.906% due 09/25/2034 •  | 323 | 346 |
| 4.926% due 03/25/2033 •  | 1 | 1 |
| 4.941% due 01/25/2035 •  | 2614 | 2329 |
| 5.096% due 07/25/2037 •  | 14010 | 12545 |
| 7.646% due 02/25/2047 •  | 22587 | 18625 |
| **Morgan Stanley Capital I, Inc. Trust**  |  |  |
| 4.206% due 03/25/2036 •  | 1956 | 1660 |
| 4.386% due 03/25/2036 •  | 68903 | 58466 |
| 4.401% due 01/25/2036 •  | 15700 | 13350 |
| 4.426% due 01/25/2036 •  | 6290 | 6149 |
| 4.426% due 02/25/2036 •  | 1467 | 1464 |
| **Morgan Stanley Dean Witter Capital I, Inc. Trust** <br>5.196% due 02/25/2033 •  | 178 | 193 |
| **Morgan Stanley Home Equity Loan Trust**  |  |  |
| 3.946% due 12/25/2036 •  | 3053 | 1466 |
| 3.946% due 04/25/2037 •  | 5620 | 2905 |
| 3.986% due 12/25/2036 •  | 37521 | 18028 |
| 4.016% due 04/25/2037 •  | 7940 | 4105 |
| 4.166% due 04/25/2036 •  | 6366 | 4417 |
| 4.196% due 04/25/2037 •  | 16718 | 8643 |
| 4.356% due 02/25/2036 •  | 598 | 568 |
| 4.366% due 04/25/2036 •  | 9707 | 6745 |
| 4.836% due 05/25/2035 •  | 3559 | 3532 |
| **Morgan Stanley IXIS Real Estate Capital Trust**  |  |  |
| 3.916% due 11/25/2036 •  | 7586 | 2496 |
| 3.956% due 11/25/2036 •  | 28141 | 9259 |
| 3.996% due 11/25/2036 •  | 1441 | 474 |
| 4.066% due 11/25/2036 •  | 19243 | 6332 |
| 4.146% due 07/25/2036 •  | 6174 | 2414 |
| 4.306% due 07/25/2036 •  | 24029 | 9452 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.186% due 10/25/2036 •  | 2111 | 592 |
| 4.186% due 11/25/2036 •  | 19462 | 3508 |
| 5.750% due 04/25/2037 ~  | 2088 | 1004 |
| 6.000% due 02/25/2037 ~  | 101 | 94 |
| 6.122% due 01/25/2047 þ  | 76 | 71 |
| 6.254% due 01/25/2047 þ  | 5431 | 2488 |
| 6.263% due 01/25/2047 þ  | 6913 | 1974 |
| 6.419% due 09/25/2046 þ  | 12974 | 2633 |
| 6.465% due 09/25/2046 þ  | 3412 | 1100 |
| 6.604% due 09/25/2046 þ  | 9049 | 1835 |
| **Morgan Stanley Structured Trust** <br>4.146% due 06/25/2037 •  | 41685 | 38864 |
| **Nationstar Home Equity Loan Trust**  |  |  |
| 4.196% due 06/25/2037 •  | 142 | 140 |
| 4.221% due 06/25/2037 •  | 2527 | 2274 |
| 4.251% due 03/25/2037 •  | 1829 | 1823 |
| 4.266% due 03/25/2037 •  | 11347 | 11089 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.296% due 03/25/2037 •  | 8000 | 7398 |
| 4.346% due 06/25/2037 •  | 211 | 208 |
| 4.386% due 09/25/2036 •  | 24060 | 23828 |
| 4.401% due 09/25/2036 •  | 1338 | 1286 |
| 4.461% due 04/25/2037 •  | 17031 | 16308 |
| 4.486% due 04/25/2037 •  | 1340 | 1335 |
| **New Century Home Equity Loan Trust**  |  |  |
| 4.206% due 05/25/2036 •  | 5678 | 5674 |
| 4.491% due 12/25/2035 •  | 4538 | 4413 |
| 4.581% due 10/25/2035 •  | 35480 | 31798 |
| 4.586% due 08/25/2034 •  | 80 | 78 |
| 4.611% due 02/25/2035 •  | 10703 | 10547 |
| 4.626% due 03/25/2035 •  | 807 | 808 |
| 4.791% due 09/25/2035 •  | 7849 | 7822 |
| 4.821% due 06/25/2035 •  | 4529 | 4530 |
| 4.850% due 11/25/2033 þ  | 34 | 32 |
| 4.851% due 07/25/2035 •  | 7170 | 7174 |
| 4.896% due 07/25/2035 •  | 32115 | 32166 |
| 4.911% due 03/25/2035 •  | 2853 | 2880 |
| 4.971% due 03/25/2035 •  | 3758 | 3775 |
| **Newcastle Mortgage Securities Trust**  |  |  |
| 4.036% due 04/25/2037 •  | 10850 | 10547 |
| 4.076% due 04/25/2037 •  | 1363 | 1357 |
| 4.186% due 04/25/2037 •  | 14485 | 13766 |
| 4.346% due 04/25/2037 •  | 7785 | 6929 |
| 4.566% due 03/25/2036 •  | 5500 | 5457 |
| 4.701% due 03/25/2036 •  | 16347 | 15856 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 18154 | 17187 |
| 4.281% due 03/25/2036 •  | 91 | 91 |
| 4.326% due 03/25/2036 •  | 4024 | 3960 |
| 4.476% due 02/25/2036 •  | 2083 | 1908 |
| 4.506% due 11/25/2035 •  | 6655 | 6499 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.026% due 09/25/2037 •  | 24744 | 23962 |
| 4.106% due 03/25/2037 •  | 82832 | 54542 |
| 4.146% due 06/25/2036 •  | 1141 | 850 |
| 4.186% due 01/25/2037 •  | 1070 | 356 |
| 4.536% due 01/25/2036 •  | 10844 | 10284 |
| 4.581% due 01/25/2036 •  | 12981 | 12592 |
| 4.671% due 06/25/2034 •  | 99 | 96 |
| 4.731% due 01/25/2036 •  | 3000 | 2622 |
| 4.761% due 10/25/2035 •  | 9966 | 9764 |
| 5.016% due 06/25/2035 •  | 19356 | 19332 |
| **Option One Mortgage Loan Trust**  |  |  |
| 3.966% due 03/25/2037 •  | 669 | 659 |
| 3.976% due 07/25/2037 •  | 3462 | 2303 |
| 4.016% due 05/25/2037 •  | 5796 | 3149 |
| 4.026% due 04/25/2037 •  | 19844 | 11258 |
| 4.026% due 07/25/2037 •  | 4067 | 2705 |
| 4.036% due 07/25/2037 •  | 808 | 733 |
| 4.046% due 07/25/2036 •  | 7284 | 4381 |
| 4.066% due 04/25/2037 •  | 97179 | 68456 |
| 4.066% due 05/25/2037 •  | 88134 | 53652 |
| 4.086% due 04/25/2037 •  | 6492 | 3503 |
| 4.126% due 01/25/2037 •  | 25980 | 16445 |
| 4.126% due 02/25/2037 •  | 28133 | 15596 |
| 4.126% due 03/25/2037 •  | 50355 | 30559 |
| 4.146% due 03/25/2037 •  | 36552 | 18069 |
| 4.146% due 05/25/2037 •  | 6630 | 3601 |
| 4.156% due 04/25/2037 •  | 2791 | 1606 |
| 4.346% due 03/25/2037 •  | 4511 | 2230 |
| 4.416% due 01/25/2036 •  | 54206 | 43871 |
| 4.641% due 05/25/2034 •  | 1656 | 1710 |
| 4.716% due 05/25/2035 •  | 3941 | 3480 |
| 4.746% due 01/25/2034 •  | 8613 | 8229 |
| 5.271% due 11/25/2034 •  | 5 | 6 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates**  |  |  |
| 4.476% due 12/25/2035 •  | 2031 | 1998 |
| 4.506% due 12/25/2035 •  | 8709 | 7845 |
| 4.536% due 11/25/2035 •  | 7454 | 7260 |
| 4.581% due 11/25/2035 •  | 5889 | 5209 |
| 4.701% due 10/25/2032 •  | 963 | 1165 |
| **Ownit Mortgage Loan Trust**  |  |  |
| 3.157% due 10/25/2035 þ  | 5837 | 3274 |
| 4.126% due 10/25/2037 •  | 7705 | 8497 |
| 4.146% due 07/25/2037 •  | 13332 | 12369 |
| 4.341% due 03/25/2037 •  | 9244 | 9945 |
| 4.366% due 07/25/2037 •  | 6185 | 5739 |
| 4.521% due 06/25/2036 •  | 4634 | 4070 |
| 4.746% due 10/25/2036 •  | 5302 | 5309 |
| 4.866% due 03/25/2036 •  | 3118 | 2778 |
| **Park Place Securities, Inc.** <br>4.791% due 09/25/2035 •  | 4000 | 3625 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 3.144% due 06/25/2035 •  | 14080 | 13298 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.581% due 08/25/2035 •  | 39 | 39 |
| 4.581% due 09/25/2035 •  | 1018 | 1004 |
| 4.626% due 08/25/2035 •  | 4000 | 3854 |
| 4.671% due 07/25/2035 •  | 15850 | 15440 |
| 4.776% due 05/25/2035 •  | 22969 | 21988 |
| 4.821% due 07/25/2035 •  | 21655 | 19506 |
| 4.881% due 05/25/2035 •  | 4784 | 4002 |
| 4.896% due 10/25/2034 •  | 1992 | 1978 |
| 5.016% due 03/25/2035 •  | 17052 | 16065 |
| 5.166% due 01/25/2036 •  | 5522 | 5357 |
| 5.421% due 02/25/2035 •  | 9218 | 9136 |
| 5.571% due 02/25/2035 •  | 3247 | 3042 |
| 5.616% due 10/25/2034 •  | 17186 | 16406 |
| 5.646% due 09/25/2034 •  | 2610 | 2556 |
| 5.646% due 12/25/2034 •  | 13380 | 13394 |
| 5.721% due 10/25/2034 •  | 3846 | 3417 |
| 5.721% due 12/25/2034 •  | 8426 | 8095 |
| 5.796% due 02/25/2035 •  | 17714 | 14684 |
| 5.946% due 09/25/2034 •  | 3062 | 2716 |
| **People's Choice Home Loan Securities Trust** <br>5.571% due 10/25/2034 •  | 4024 | 3727 |
| **People's Financial Realty Mortgage Securities Trust**  |  |  |
| 3.976% due 09/25/2036 •  | 27707 | 5005 |
| 3.986% due 09/25/2036 •  | 24560 | 5909 |
| **Popular ABS Mortgage Pass-Through Trust**  |  |  |
| 4.156% due 06/25/2047 •  | 7247 | 6860 |
| 4.341% due 07/25/2036 •  | 1566 | 1502 |
| 4.386% due 05/25/2036 •  | 2235 | 2146 |
| 4.716% due 02/25/2036 •  | 1081 | 1044 |
| 5.917% due 04/25/2035 þ  | 1579 | 1565 |
| **RAAC Trust**  |  |  |
| 4.346% due 02/25/2037 •  | 2453 | 2410 |
| 4.546% due 11/25/2046 •  | 915 | 854 |
| 4.606% due 10/25/2046 •  | 5014 | 4949 |
| 4.821% due 02/25/2046 •  | 17257 | 17220 |
| 5.496% due 05/25/2039 •  | 1139 | 1188 |
| **RCKT Mortgage Trust**  |  |  |
| 4.795% due 09/25/2055 þ  | 78745 | 78650 |
| 4.894% due 11/25/2055 þ  | 158814 | 159092 |
| 4.966% due 11/25/2055 þ  | 50356 | 50481 |
| 5.344% due 09/25/2044 þ  | 19444 | 19543 |
| 6.025% due 02/25/2044 ~  | 8224 | 8298 |
| 6.141% due 04/25/2044 ~  | 42531 | 43008 |
| 6.147% due 06/25/2044 þ  | 51439 | 52092 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 3.383% due 08/25/2033 •  | 514 | 474 |
| 5.512% due 04/25/2037 þ  | 6555 | 1611 |
| 5.580% due 11/25/2036 þ  | 12329 | 3792 |
| 5.612% due 04/25/2037 þ  | 853 | 214 |
| 5.675% due 06/25/2037 þ  | 3891 | 927 |
| 5.731% due 11/25/2036 þ  | 548 | 173 |
| 5.744% due 06/25/2037 þ  | 137503 | 33162 |
| 5.761% due 04/25/2037 þ  | 2781 | 715 |
| 5.797% due 08/25/2036 þ  | 662 | 226 |
| 5.812% due 11/25/2036 þ  | 9025 | 2891 |
| 5.879% due 06/25/2037 þ  | 8523 | 2106 |
| 5.893% due 06/25/2037 þ  | 6639 | 1644 |
| 5.906% due 06/25/2037 þ  | 23928 | 5939 |
| 6.011% due 05/25/2036 þ  | 9006 | 4096 |
| 6.115% due 08/25/2036 þ  | 17329 | 6244 |
| 6.120% due 11/25/2036 þ  | 683 | 231 |
| 6.203% due 06/25/2037 þ  | 38172 | 10133 |
| 6.566% due 02/25/2036 þ  | 270 | 231 |
| 7.750% due 09/25/2037 þ  | 28757 | 11115 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 3.828% due 12/25/2035 •  | 18261 | 16726 |
| 4.191% due 12/25/2036 •  | 15000 | 14400 |
| 4.286% due 12/25/2035 •  | 15262 | 14113 |
| 4.386% due 02/25/2036 •  | 1100 | 1068 |
| 4.491% due 02/25/2036 •  | 1912 | 1884 |
| 4.596% due 04/25/2034 •  | 2037 | 2032 |
| 4.716% due 04/25/2034 •  | 789 | 790 |
| 4.716% due 10/25/2035 •  | 11246 | 11011 |
| 4.731% due 11/25/2035 •  | 7000 | 6644 |
| 4.791% due 09/25/2035 •  | 7732 | 7658 |
| 4.791% due 10/25/2035 •  | 700 | 627 |
| 4.896% due 08/25/2035 •  | 1047 | 1041 |
| 4.911% due 07/25/2035 •  | 4814 | 4785 |
| 5.421% due 04/25/2034 •  | 1610 | 1631 |
| 5.526% due 08/25/2035 •  | 12534 | 11911 |
| 5.826% due 04/25/2034 •  | 2821 | 2978 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.066% due 02/25/2037 •  | 5060 | 4931 |
| 4.086% due 10/25/2036 •  | 15824 | 15583 |
| 4.096% due 11/25/2036 •  | 57597 | 50513 |
| 4.126% due 07/25/2036 •  | 14137 | 13961 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.126% due 09/25/2036 •  | 813 | 809 |
| 4.186% due 11/25/2036 •  | 6177 | 5819 |
| 4.266% due 04/25/2037 •  | 4424 | 4351 |
| 4.286% due 01/25/2037 •  | 3737 | 3669 |
| 4.356% due 04/25/2036 •  | 23954 | 22341 |
| 4.366% due 07/25/2036 •  | 8753 | 7965 |
| 4.386% due 07/25/2036 •  | 18504 | 16544 |
| 4.406% due 04/25/2036 •  | 1872 | 1868 |
| 4.446% due 02/25/2036 •  | 3036 | 3014 |
| 4.461% due 11/25/2035 •  | 13660 | 13213 |
| 4.506% due 10/25/2035 •  | 8178 | 7982 |
| 4.526% due 04/25/2037 •  | 26465 | 25976 |
| 4.526% due 05/25/2037 •  | 328 | 327 |
| 4.551% due 09/25/2035 •  | 5750 | 5555 |
| 4.551% due 11/25/2035 •  | 209 | 205 |
| 4.566% due 01/25/2036 •  | 1421 | 1414 |
| 4.686% due 09/25/2034 •  | 406 | 398 |
| 4.716% due 11/25/2035 •  | 10475 | 9408 |
| 4.731% due 12/25/2035 •  | 1516 | 1415 |
| 4.746% due 11/25/2035 •  | 5989 | 5960 |
| 4.798% due 04/25/2034 •  | 828 | 819 |
| 4.806% due 08/25/2035 •  | 2130 | 2123 |
| 4.881% due 08/25/2035 •  | 4230 | 4180 |
| 5.091% due 03/25/2035 •  | 530 | 529 |
| 5.571% due 11/25/2034 •  | 69 | 69 |
| 5.571% due 08/25/2035 •  | 4551 | 4461 |
| 5.646% due 01/25/2034 •  | 2162 | 2212 |
| 5.646% due 04/25/2035 •  | 1982 | 1946 |
| 5.796% due 11/25/2034 •  | 802 | 803 |
| 5.980% due 09/25/2034 ~  | 895 | 840 |
| 6.321% due 11/25/2034 •  | 1948 | 1939 |
| **Saxon Asset Securities Trust**  |  |  |
| 0.526% due 05/25/2035 •  | 1658 | 1398 |
| 1.215% due 11/25/2035 •  | 12994 | 10046 |
| 3.742% due 12/25/2033 •  | 1080 | 1059 |
| 4.026% due 05/25/2037 •  | 21211 | 15808 |
| 4.156% due 09/25/2037 •  | 6929 | 6738 |
| 4.336% due 09/25/2047 •  | 4148 | 3624 |
| 4.521% due 11/25/2037 •  | 7220 | 7043 |
| 4.566% due 11/25/2037 •  | 4873 | 4281 |
| 4.641% due 03/25/2031 •  | 143 | 113 |
| 4.776% due 11/25/2037 •  | 5426 | 4684 |
| 4.821% due 12/26/2034 •  | 186 | 173 |
| 5.596% due 12/25/2037 •  | 4674 | 4199 |
| 8.721% due 12/26/2034 •  | 532 | 72 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.966% due 12/25/2036 •  | 438 | 92 |
| 4.046% due 07/25/2036 •  | 18927 | 7223 |
| 4.106% due 12/25/2036 •  | 5685 | 5389 |
| 4.126% due 06/25/2036 •  | 6699 | 4617 |
| 4.126% due 07/25/2036 •  | 9559 | 8298 |
| 4.146% due 07/25/2036 •  | 18881 | 7205 |
| 4.146% due 09/25/2036 •  | 3694 | 1227 |
| 4.166% due 07/25/2036 •  | 4956 | 1619 |
| 4.166% due 12/25/2036 •  | 28258 | 5929 |
| 4.246% due 12/25/2036 •  | 64329 | 23186 |
| 4.296% due 02/25/2037 •  | 31924 | 29504 |
| 4.326% due 07/25/2036 •  | 3455 | 1318 |
| 4.346% due 06/25/2036 •  | 15165 | 10451 |
| 4.491% due 10/25/2035 •  | 3099 | 2574 |
| 4.521% due 01/25/2035 •  | 700 | 649 |
| 4.566% due 10/25/2035 •  | 963 | 858 |
| **SG Mortgage Securities Trust**  |  |  |
| 4.126% due 10/25/2036 •  | 13125 | 12271 |
| 4.166% due 07/25/2036 •  | 8416 | 1757 |
| 4.306% due 07/25/2036 •  | 7876 | 1652 |
| 4.386% due 02/25/2036 •  | 1138 | 568 |
| 4.551% due 10/25/2035 •  | 2000 | 1904 |
| **Soundview Home Loan Trust**  |  |  |
| 3.709% due 04/25/2035 •  | 464 | 456 |
| 3.926% due 06/25/2037 •  | 3698 | 2497 |
| 3.996% due 06/25/2037 •  | 10276 | 6938 |
| 4.016% due 07/25/2037 •  | 1259 | 1145 |
| 4.016% due 08/25/2037 •  | 7513 | 6614 |
| 4.046% due 06/25/2037 •  | 119653 | 83143 |
| 4.056% due 06/25/2037 •  | 15149 | 10228 |
| 4.066% due 01/25/2037 •  | 556 | 408 |
| 4.066% due 02/25/2037 •  | 178 | 47 |
| 4.126% due 06/25/2037 •  | 4527 | 3057 |
| 4.146% due 03/25/2037 •  | 7280 | 6935 |
| 4.166% due 01/25/2037 •  | 28103 | 20632 |
| 4.186% due 11/25/2036 •  | 58447 | 15708 |
| 4.251% due 12/25/2036 •  | 7914 | 7785 |
| 4.306% due 06/25/2036 •  | 3515 | 3428 |
| 4.311% due 02/25/2036 •  | 10086 | 9607 |
| 4.311% due 06/25/2036 •  | 1209 | 1083 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.326% due 07/25/2036 •  | 8643 | 8058 |
| 4.326% due 01/25/2037 •  | 12231 | 8979 |
| 4.346% due 10/25/2036 •  | 18404 | 17813 |
| 4.346% due 11/25/2036 •  | 6015 | 5772 |
| 4.364% due 03/25/2036 •  | 897 | 807 |
| 4.401% due 03/25/2036 •  | 14735 | 14488 |
| 4.446% due 01/25/2037 •  | 14342 | 14063 |
| 4.536% due 12/25/2035 •  | 6995 | 6643 |
| 4.586% due 02/25/2037 •  | 18967 | 5085 |
| 4.596% due 06/25/2035 •  | 17750 | 16390 |
| 4.596% due 03/25/2036 •  | 248 | 247 |
| 4.701% due 01/25/2035 •  | 94 | 81 |
| 4.746% due 10/25/2037 •  | 1702 | 1343 |
| 4.796% due 09/25/2037 •  | 3026 | 2591 |
| 4.821% due 08/25/2035 •  | 8802 | 6876 |
| 4.821% due 11/25/2035 •  | 3781 | 3761 |
| 4.881% due 05/25/2035 •  | 3200 | 3211 |
| 4.926% due 07/25/2035 •  | 671 | 671 |
| 5.146% due 11/25/2033 •  | 3 | 6 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.106% due 07/25/2036 •  | 26495 | 19562 |
| 4.126% due 06/25/2036 •  | 8267 | 8041 |
| 4.146% due 07/25/2036 •  | 4 | 4 |
| 4.191% due 07/25/2036 •  | 30180 | 17635 |
| 4.446% due 01/25/2036 •  | 213 | 211 |
| 4.461% due 01/25/2036 •  | 42240 | 35696 |
| 4.466% due 01/25/2036 •  | 27722 | 26418 |
| 4.476% due 11/25/2035 •  | 8016 | 7918 |
| 4.566% due 04/25/2033 •  | 71 | 79 |
| 4.566% due 04/25/2035 •  | 223 | 222 |
| 4.566% due 07/25/2035 •  | 11576 | 11208 |
| 4.566% due 10/25/2035 •  | 13508 | 13345 |
| 4.581% due 09/25/2035 •  | 18187 | 16662 |
| 4.596% due 07/25/2035 •  | 2194 | 2157 |
| 4.611% due 08/25/2035 •  | 10459 | 10296 |
| 4.626% due 02/25/2035 •  | 3527 | 3517 |
| 4.626% due 03/25/2035 •  | 6115 | 5961 |
| 4.671% due 05/25/2034 •  | 228 | 221 |
| 4.746% due 04/25/2035 •  | 17440 | 16686 |
| 4.776% due 09/25/2034 •  | 229 | 202 |
| 4.776% due 06/25/2035 •  | 1210 | 1180 |
| 4.796% due 07/25/2033 •  | 529 | 521 |
| 4.796% due 08/25/2033 •  | 2344 | 2290 |
| 4.821% due 01/25/2035 •  | 5004 | 4814 |
| 4.821% due 05/25/2035 •  | 25492 | 24133 |
| 4.926% due 05/25/2035 •  | 1193 | 801 |
| 4.971% due 07/25/2033 •  | 291 | 290 |
| 5.121% due 11/25/2034 •  | 5203 | 5553 |
| 5.121% due 12/25/2034 •  | 512 | 504 |
| 5.346% due 11/25/2034 •  | 1230 | 1425 |
| 5.571% due 10/25/2034 •  | 2171 | 2177 |
| 5.571% due 11/25/2034 •  | 1948 | 2145 |
| 6.171% due 11/25/2034 •  | 96 | 109 |
| 6.471% due 08/25/2033 •  | 2 | 2 |
| 6.621% due 10/25/2033 •  | 99 | 118 |
| 6.846% due 06/25/2033 •  | 2235 | 2333 |
| 6.846% due 11/25/2034 •  | 2222 | 2318 |
| 6.996% due 08/25/2033 •  | 1046 | 967 |
| **Structured Asset Securities Corp.**  |  |  |
| 4.430% due 02/25/2035 •  | 5145 | 5591 |
| 4.551% due 02/25/2035 •  | 2855 | 2919 |
| 4.596% due 02/25/2035 •  | 2425 | 2331 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 3.030% due 10/25/2037 •  | 84781 | 36851 |
| 3.174% due 10/25/2037 •  | 32092 | 20310 |
| 3.373% due 11/25/2037 •  | 5750 | 5376 |
| 3.986% due 08/25/2046 •  | 12435 | 12097 |
| 3.996% due 09/25/2036 •  | 3497 | 3410 |
| 4.006% due 03/25/2036 •  | 9026 | 8757 |
| 4.076% due 05/25/2047 •  | 1229 | 1215 |
| 4.106% due 05/25/2036 •  | 5903 | 5848 |
| 4.146% due 03/25/2037 •  | 15447 | 10489 |
| 4.156% due 08/25/2046 •  | 3002 | 2810 |
| 4.166% due 04/25/2036 •  | 2270 | 2261 |
| 4.166% due 01/25/2037 •  | 11878 | 11402 |
| 4.206% due 03/25/2037 •  | 3418 | 1265 |
| 4.266% due 02/25/2037 •  | 2506 | 2469 |
| 4.281% due 07/25/2036 •  | 44493 | 44757 |
| 4.281% due 09/25/2036 •  | 44430 | 43767 |
| 4.306% due 01/25/2037 •  | 34165 | 19780 |
| 4.326% due 01/25/2037 •  | 4443 | 4245 |
| 4.346% due 03/25/2037 •  | 14858 | 5506 |
| 4.371% due 07/25/2036 •  | 2337 | 2273 |
| 4.386% due 04/25/2036 •  | 3848 | 3787 |
| 4.416% due 10/25/2036 •  | 2820 | 2821 |
| 4.446% due 01/25/2037 •  | 11837 | 9782 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.446% due 03/25/2037 •  | 5116 | 1896 |
| 4.466% due 02/25/2037 •  | 1622 | 1575 |
| 4.521% due 04/25/2035 •  | 4396 | 4509 |
| 4.521% due 06/25/2035 •  | 2336 | 2283 |
| 4.551% due 02/25/2036 •  | 7154 | 7138 |
| 4.579% due 05/25/2036 •  | 16560 | 16438 |
| 4.641% due 02/25/2036 •  | 4889 | 4835 |
| 4.746% due 05/25/2035 •  | 447 | 449 |
| 4.791% due 05/25/2035 •  | 115 | 115 |
| 4.821% due 05/25/2035 •  | 7853 | 7806 |
| 4.836% due 05/25/2035 •  | 444 | 439 |
| 4.851% due 11/25/2035 •  | 589 | 589 |
| 4.896% due 05/25/2035 •  | 4070 | 3775 |
| 5.016% due 02/25/2035 •  | 234 | 218 |
| 5.496% due 05/25/2035 •  | 35 | 35 |
| 5.946% due 11/25/2035 •  | 3000 | 2980 |
| 6.471% due 11/25/2035 •  | 3197 | 3188 |
| 7.221% due 08/25/2037 •  | 22510 | 21198 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>4.671% due 01/25/2035 •  | 756 | 790 |
| **Structured Asset Securities Corp. Trust**  |  |  |
| 4.386% due 05/25/2031 •  | 2479 | 1694 |
| 4.536% due 09/25/2035 •  | 5964 | 5773 |
| 6.746% due 05/25/2031 ~  | 4382 | 3042 |
| **Terwin Mortgage Trust**  |  |  |
| 4.186% due 07/25/2037 •  | 1317 | 1300 |
| 4.386% due 07/25/2037 •  | 4960 | 4567 |
| 4.386% due 08/25/2037 •  | 17207 | 7514 |
| 4.466% due 04/25/2037 •  | 12542 | 12331 |
| 4.646% due 09/25/2036 •  | 9332 | 3725 |
| 4.821% due 07/25/2035 •  | 6127 | 4743 |
| 4.971% due 04/25/2036 •  | 81 | 81 |
| 5.046% due 04/25/2036 •  | 1857 | 1855 |
| 6.096% due 10/25/2038 •  | 571 | 575 |
| **Towd Point Mortgage Trust**  |  |  |
| 5.091% due 10/25/2065 þ  | 52110 | 52337 |
| 5.278% due 08/25/2065 þ  | 65136 | 65456 |
| 5.348% due 07/25/2065 þ  | 26429 | 26616 |
| 5.848% due 01/25/2064 ~  | 25701 | 25860 |
| 6.125% due 02/25/2064 ~  | 15368 | 15510 |
| 6.290% due 05/25/2064 ~  | 48776 | 49388 |
| **Wachovia Mortgage Loan Trust LLC** <br>4.536% due 10/25/2035 •  | 3254 | 3048 |
| **WaMu Asset-Backed Certificates WaMu Trust**  |  |  |
| 4.016% due 07/25/2047 •  | 10682 | 6268 |
| 4.066% due 04/25/2037 •  | 40 | 15 |
| 4.071% due 05/25/2037 •  | 25309 | 24161 |
| 4.086% due 05/25/2037 •  | 16659 | 15048 |
| 4.096% due 05/25/2037 •  | 12948 | 11702 |
| 4.146% due 01/25/2037 •  | 27067 | 23842 |
| **Washington Mutual Asset-Backed Certificates Trust**  |  |  |
| 3.414% due 08/25/2036 •  | 8111 | 5320 |
| 3.851% due 10/25/2036 •  | 11615 | 4092 |
| 4.146% due 05/25/2036 •  | 8444 | 6706 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust**  |  |  |
| 4.281% due 07/25/2036 •  | 1435 | 1432 |
| 4.306% due 04/25/2037 •  | 4566 | 4535 |
| 4.326% due 07/25/2036 •  | 6795 | 6676 |
| 4.356% due 05/25/2036 •  | 3044 | 3031 |
| 4.401% due 05/25/2036 •  | 3440 | 3356 |
| 4.446% due 04/25/2037 •  | 5000 | 3728 |
| 5.571% due 11/25/2035 •  | 168 | 168 |
| 6.396% due 11/25/2035 •  | 12883 | 12740 |
|  |  | 9141145 |
| **HOME EQUITY SEQUENTIAL 0.1%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.066% due 01/25/2037 •  | 8782 | 4948 |
| 4.166% due 01/25/2037 •  | 49293 | 27780 |
| 4.286% due 01/25/2037 •  | 29451 | 16593 |
| **BNC Mortgage Loan Trust** <br>3.663% due 10/25/2036 •  | 28820 | 18965 |
| **C-BASS Trust** <br>3.091% due 01/25/2037 þ | 25917 | 7151 |
| **Countrywide Asset-Backed Certificates Trust** <br>5.989% due 10/25/2046 ~ | 4 | 5 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>3.151% due 12/25/2035 þ | 5211 | 5147 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 3.881% due 07/25/2036 •  | 1595 | 1588 |
| 3.882% due 11/25/2036 •  | 3509 | 3259 |
| 3.996% due 03/25/2047 •  | 92 | 63 |
| 4.133% due 10/25/2030 þ  | 2966 | 1464 |
| 4.133% due 01/25/2037 þ  | 509 | 251 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.026% due 02/25/2037 •  | 2763 | 535 |
| 4.146% due 02/25/2037 •  | 3288 | 637 |
| 4.306% due 02/25/2037 •  | 2721 | 527 |
| 4.326% due 04/25/2037 •  | 50415 | 13448 |
| 4.566% due 04/25/2037 •  | 7209 | 1924 |
| **New Century Home Equity Loan Trust** <br>4.850% due 11/25/2033 ~ | 4 | 4 |
| **Saxon Asset Securities Trust** <br>4.326% due 10/25/2046 •  | 2734 | 2453 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.366% due 05/25/2036 •  | 13804 | 5455 |
| 4.446% due 03/25/2036 •  | 10000 | 5217 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.326% due 01/25/2037 •  | 14687 | 9334 |
| 4.446% due 12/25/2035 •  | 10352 | 9580 |
| 4.466% due 12/25/2036 •  | 38715 | 23652 |
| 5.946% due 08/25/2037 •  | 7000 | 6987 |
| **Structured Asset Securities Corp. Pass-Through Certificates** <br>3.450% due 02/25/2032 | 41 | 7 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>4.266% due 03/25/2037 •  | 266 | 266 |
|  |  | 167240 |
| **MANUFACTURING HOUSE ABS OTHER 0.0%**  |  |  |
| **ABSC Manufactured Housing Contract Resecuritization Trust** <br>8.400% due 12/02/2030 ~ | 3368 | 3398 |
| **BankAmerica Manufactured Housing Contract Trust** <br>7.176% due 12/31/2049 ~ | 5000 | 375 |
| **BCMSC Trust** <br>7.935% due 12/15/2030 ~ | 1553 | 1593 |
| **Conseco Finance Corp.** <br>7.220% due 03/15/2028 ~ | 189 | 190 |
| **Conseco Finance Securitizations Corp.** <br>8.060% due 09/01/2029 ~ | 7260 | 883 |
| **GreenPoint Manufactured Housing** <br>7.398% due 06/08/2031 •  | 3308 | 3292 |
|  |  | 9731 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **BCMSC Trust** <br>7.575% due 06/15/2030 ~ | 16139 | 970 |
| **Cascade MH Asset Trust** <br>5.695% due 11/25/2056 ~ | 5132 | 5290 |
| **Conseco Finance Corp.**  |  |  |
| 6.440% due 12/01/2030  | 418 | 419 |
| 7.860% due 03/01/2030 ~  | 11077 | 2912 |
| **Conseco Finance Securitizations Corp.**  |  |  |
| 7.360% due 06/01/2030 ~  | 49274 | 12114 |
| 7.490% due 07/01/2031 þ  | 5897 | 6000 |
| 7.770% due 09/01/2031 þ  | 2878 | 2930 |
| 7.960% due 05/01/2031  | 21173 | 3841 |
| 7.970% due 05/01/2032  | 7164 | 873 |
| 8.200% due 05/01/2031  | 29477 | 5507 |
| 8.260% due 12/01/2030 ~  | 74286 | 12049 |
| 8.310% due 05/01/2032 ~  | 40754 | 5180 |
| 8.850% due 12/01/2030 ~  | 1831 | 208 |
| **Mid-State Trust XI** <br>4.864% due 07/15/2038 | 93 | 93 |
| **Newcastle Investment Trust** <br>0.000% due 05/01/2033 ~ | 28587 | 28396 |
| **Oakwood Mortgage Investors, Inc.** <br>7.945% due 03/15/2049 ~ | 2929 | 326 |
|  |  | 87108 |
| **WHOLE LOAN COLLATERAL 0.8%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.146% due 02/25/2037 •  | 21144 | 16630 |
| 4.246% due 12/25/2034 •  | 583 | 515 |
| 4.306% due 04/25/2036 •  | 4019 | 4371 |
| 4.346% due 05/25/2036 •  | 23195 | 5097 |
| 4.371% due 04/25/2035 •  | 401 | 379 |
| 4.446% due 12/25/2035 •  | 2542 | 1187 |
| 5.250% due 06/25/2034 þ  | 1179 | 1146 |
| 5.250% due 10/25/2034 þ  | 1572 | 1521 |
| 5.500% due 06/25/2034 þ  | 126 | 122 |
| 5.500% due 08/25/2035 ~  | 2456 | 1407 |
| 6.000% due 10/25/2035 þ  | 4404 | 2616 |
| 6.750% due 12/25/2036 þ  | 1030 | 1159 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.646% due 09/25/2046 •  | 2006 | 1953 |
| 4.946% due 10/25/2033 •  | 12 | 14 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.002% due 10/25/2036 ~  | 28 | 14 |
| 5.026% due 01/25/2034 •  | 1983 | 1552 |
| 5.079% due 07/25/2036 •  | 541 | 485 |
| 5.125% due 03/25/2034 þ  | 253 | 419 |
| 5.500% due 01/25/2034 þ  | 3212 | 2677 |
| 5.500% due 08/25/2036  | 61 | 63 |
| 5.750% due 10/25/2033 þ  | 28 | 34 |
| 5.750% due 01/25/2034 þ  | 2789 | 2324 |
| 6.000% due 08/25/2036  | 1837 | 1851 |
| 6.096% due 04/25/2036 •  | 4241 | 4437 |
| 6.500% due 08/25/2036  | 3103 | 909 |
| **Bravo Mortgage Asset Trust** <br>4.446% due 07/25/2036 •  | 22192 | 20259 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.246% due 11/25/2046 •  | 6612 | 6553 |
| 4.266% due 06/25/2037 •  | 6302 | 5851 |
| 4.296% due 10/25/2036 •  | 149 | 149 |
| 4.296% due 01/25/2037 •  | 2500 | 2423 |
| 4.326% due 11/25/2036 •  | 2500 | 2384 |
| 4.521% due 03/25/2037 •  | 17106 | 17033 |
| 4.546% due 11/25/2046 •  | 12375 | 10605 |
| 5.346% due 07/25/2037 •  | 8380 | 8345 |
| 5.749% due 08/25/2035 þ  | 13 | 12 |
| 5.830% due 11/25/2034 þ  | 1723 | 1733 |
| 6.485% due 05/25/2036 þ  | 10815 | 3850 |
| 6.582% due 03/25/2036 þ  | 1702 | 788 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.326% due 04/25/2036 •  | 5855 | 5417 |
| 4.346% due 03/25/2036 •  | 49 | 81 |
| 4.526% due 03/25/2036 •  | 24271 | 21702 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 3.951% due 09/25/2036 •  | 4836 | 4666 |
| 3.961% due 07/25/2036 •  | 191 | 184 |
| 3.966% due 11/25/2036 •  | 12320 | 11627 |
| 3.996% due 12/25/2036 •  | 6642 | 5833 |
| 4.006% due 11/25/2036 •  | 32 | 33 |
| 4.017% due 07/25/2034 •  | 569 | 568 |
| 4.058% due 02/25/2036 •  | 9293 | 8988 |
| 4.095% due 04/25/2035 •  | 2452 | 2397 |
| 4.126% due 12/25/2036 •  | 4612 | 1874 |
| 4.126% due 03/25/2037 •  | 19106 | 10062 |
| 4.146% due 05/25/2036 •  | 937 | 926 |
| 4.146% due 08/25/2036 •  | 18212 | 17379 |
| 4.156% due 09/25/2036 •  | 25129 | 23699 |
| 4.156% due 11/25/2036 •  | 3900 | 3420 |
| 4.166% due 12/25/2037 •  | 12915 | 12021 |
| 4.266% due 12/25/2037 •  | 10296 | 9579 |
| 4.281% due 04/25/2036 •  | 9023 | 8732 |
| 4.286% due 01/25/2038 •  | 259 | 143 |
| 4.306% due 07/25/2036 •  | 13291 | 13071 |
| 4.326% due 03/25/2036 •  | 16033 | 15578 |
| 4.416% due 02/25/2036 •  | 21918 | 20938 |
| 4.551% due 11/25/2036 •  | 5662 | 5576 |
| 4.566% due 11/25/2035 •  | 15572 | 14779 |
| 4.626% due 09/25/2035 •  | 252 | 252 |
| 4.626% due 06/25/2036 •  | 7306 | 7182 |
| 4.656% due 10/25/2035 •  | 5769 | 6979 |
| 4.671% due 05/25/2034 •  | 1803 | 1764 |
| 4.746% due 07/25/2035 •  | 3755 | 3742 |
| 4.791% due 09/25/2035 •  | 10125 | 9518 |
| 4.796% due 07/25/2033 •  | 2000 | 2020 |
| 4.821% due 05/25/2035 •  | 11793 | 11525 |
| 4.851% due 09/25/2035 •  | 30600 | 29816 |
| 4.971% due 12/25/2034 •  | 260 | 298 |
| 5.031% due 12/25/2034 •  | 2042 | 2089 |
| 5.271% due 10/25/2034 •  | 654 | 662 |
| 5.346% due 03/25/2034 •  | 211 | 211 |
| 5.556% due 05/25/2034 •  | 60 | 58 |
| 5.646% due 09/25/2034 •  | 581 | 642 |
| 5.721% due 07/25/2034 •  | 914 | 922 |
| 6.321% due 03/25/2034 •  | 1398 | 1349 |
| **GSAMP Trust** <br>3.401% due 11/25/2034 •  | 1107 | 1079 |
| **IndyMac INDB Mortgage Loan Trust** <br>4.166% due 07/25/2036 •  | 25570 | 8034 |
| **Lehman XS Trust**  |  |  |
| 4.016% due 02/25/2037 •  | 20261 | 17704 |
| 4.026% due 02/25/2037 •  | 10551 | 10102 |
| 4.166% due 05/25/2036 •  | 12203 | 10836 |
| 4.306% due 02/25/2037 •  | 7157 | 5829 |
| 4.366% due 11/25/2035 •  | 1323 | 1120 |
| 4.406% due 05/25/2036 •  | 1469 | 1483 |
| 4.596% due 10/25/2035 •  | 316 | 379 |
| 4.606% due 11/25/2035 •  | 4305 | 3650 |
| 4.979% due 01/25/2036 þ  | 4197 | 3772 |
| 5.987% due 11/25/2035 •  | 3187 | 2081 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.640% due 04/25/2036 þ  | 5587 | 5547 |
| 7.000% due 02/25/2037 ~  | 2072 | 2164 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.866% due 07/25/2035 •  | 6091 | 6063 |
| 4.896% due 04/25/2035 •  | 953 | 952 |
| **PRET LLC**  |  |  |
| 5.184% due 11/25/2055 þ  | 173200 | 173763 |
| 5.193% due 10/25/2055 þ  | 131704 | 132035 |
| 5.265% due 12/25/2055 «þ  | 129100 | 129264 |
| 5.342% due 12/25/2055 þ  | 172904 | 173513 |
| 5.391% due 08/25/2055 þ  | 49489 | 49653 |
| 5.657% due 08/25/2055 þ  | 40229 | 40364 |
| 5.732% due 08/25/2055 þ  | 26743 | 26825 |
| 5.744% due 06/25/2055 þ  | 28181 | 28312 |
| 5.851% due 12/25/2054 þ  | 37728 | 37778 |
| 5.925% due 10/25/2054 þ  | 51826 | 51897 |
| 5.926% due 10/25/2054 þ  | 23303 | 23334 |
| **RAAC Trust**  |  |  |
| 4.446% due 09/25/2045 •  | 804 | 798 |
| 5.346% due 09/25/2047 •  | 5910 | 5960 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.196% due 08/25/2036 •  | 12479 | 12510 |
| 4.196% due 10/25/2036 •  | 1525 | 1503 |
| 4.236% due 02/25/2037 •  | 13613 | 13183 |
| 4.371% due 07/25/2036 •  | 6441 | 6337 |
| 4.626% due 07/25/2035 •  | 5 | 5 |
| 4.655% due 12/25/2034 •  | 555 | 508 |
| 4.656% due 07/25/2035 •  | 6500 | 6437 |
| 4.716% due 02/25/2034 •  | 161 | 163 |
| 4.866% due 06/25/2035 •  | 1279 | 1279 |
| 4.921% due 04/25/2034 •  | 3979 | 3646 |
| 4.926% due 03/25/2035 •  | 7170 | 7189 |
| 4.941% due 05/25/2035 •  | 4750 | 4972 |
| 4.971% due 06/25/2035 •  | 2100 | 2074 |
| 4.973% due 10/25/2033 •  | 1138 | 1142 |
| 5.001% due 02/25/2035 •  | 5112 | 5123 |
| 5.046% due 01/25/2035 •  | 3604 | 3512 |
| 5.121% due 02/25/2035 •  | 465 | 410 |
| 5.189% due 08/25/2034 •  | 1203 | 1214 |
| 5.264% due 12/25/2034 þ  | 215 | 200 |
| 5.492% due 01/25/2035 þ  | 433 | 362 |
| 5.670% due 10/25/2034 þ  | 428 | 434 |
| 5.751% due 02/25/2034 •  | 370 | 342 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.006% due 08/25/2036 •  | 6253 | 2039 |
| 4.006% due 11/25/2036 •  | 134 | 37 |
| 4.126% due 08/25/2036 •  | 34800 | 14638 |
| 4.166% due 09/25/2036 •  | 16643 | 11978 |
| 4.166% due 10/25/2036 •  | 60639 | 20102 |
| 4.166% due 11/25/2036 •  | 7029 | 1931 |
| 4.186% due 08/25/2036 •  | 32616 | 10633 |
| 4.346% due 05/25/2036 •  | 6160 | 3326 |
| 4.426% due 12/25/2035 •  | 1396 | 1379 |
| 4.446% due 11/25/2035 •  | 23625 | 20562 |
| 4.446% due 12/25/2035 •  | 13207 | 10676 |
| 4.806% due 01/25/2036 •  | 417 | 392 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 3.924% due 06/25/2037 •  | 3294 | 1642 |
| 4.126% due 09/25/2037 •  | 17355 | 16502 |
| 4.126% due 11/25/2037 •  | 5007 | 4042 |
| 4.146% due 06/25/2037 •  | 1550 | 933 |
| 4.266% due 11/25/2037 •  | 8755 | 4889 |
| 4.326% due 03/25/2037 •  | 26845 | 12754 |
| 4.326% due 09/25/2037 •  | 14433 | 4995 |
| 4.386% due 04/25/2037 •  | 2139 | 1590 |
| 5.016% due 12/25/2035 •  | 3729 | 3753 |
| **VCAT LLC**  |  |  |
| 5.877% due 01/25/2055 þ  | 22069 | 22164 |
| 5.889% due 02/25/2055 þ  | 44919 | 45057 |
| 5.977% due 01/25/2055 þ  | 36775 | 36912 |
|  |  | 1710931 |
| **OTHER ABS 11.0%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 38400 | 38469 |
| **37 Capital CLO 4 Ltd.** <br>4.995% due 04/15/2035 •  | 76900 | 76897 |
| **37 Capital CLO II Ltd.** <br>5.195% due 07/15/2034 •  | 26050 | 26099 |
| **522 Funding CLO Ltd.** <br>5.060% due 10/23/2034 •  | 25550 | 25573 |
| **Academic Loan Funding Trust** <br>4.789% due 12/26/2044 •  | 1145 | 1128 |
| **ACHV ABS Trust**  |  |  |
| 4.760% due 04/26/2032  | 3843 | 3858 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.010% due 12/26/2031  | 2136 | 2158 |
| 5.040% due 04/26/2032  | 4820 | 4844 |
| 5.070% due 10/27/2031  | 4514 | 4541 |
| 5.900% due 04/25/2031  | 494 | 497 |
| **Affirm Asset Securitization Trust** <br>5.220% due 12/17/2029 | 2207 | 2207 |
| **Affirm Master Trust**  |  |  |
| 4.450% due 10/16/2034  | 45110 | 45297 |
| 4.670% due 07/15/2033  | 82500 | 83101 |
| 4.990% due 02/15/2033  | 97700 | 98716 |
| **AGL CLO 14 Ltd.** <br>5.000% due 12/02/2034 •  | 32100 | 32103 |
| **ALESCO Preferred Funding III Ltd.** <br>4.916% due 05/01/2034 •  | 2162 | 2156 |
| **ALESCO Preferred Funding IV Ltd.** <br>4.800% due 07/30/2034 •  | 4977 | 4728 |
| **ALESCO Preferred Funding IX Ltd.**  |  |  |
| 4.307% due 06/23/2036 •  | 9199 | 9061 |
| 4.397% due 06/23/2036 •  | 27500 | 24750 |
| **ALESCO Preferred Funding V Ltd.**  |  |  |
| 0.000% due 12/23/2034 ~  | 3248 | 2799 |
| 4.597% due 12/23/2034 •  | 2200 | 2161 |
| **ALESCO Preferred Funding VI Ltd.** <br>4.547% due 03/23/2035 •  | 5000 | 4750 |
| **ALESCO Preferred Funding VIII Ltd.** <br>4.417% due 12/23/2035 •  | 20821 | 19364 |
| **ALESCO Preferred Funding X Ltd.**  |  |  |
| 4.287% due 09/23/2036 •  | 6103 | 5981 |
| 4.447% due 09/23/2036 •  | 12000 | 10800 |
| **ALESCO Preferred Funding XI Ltd.** <br>4.397% due 12/23/2036 •  | 6519 | 6193 |
| **ALESCO Preferred Funding XII Ltd.**  |  |  |
| 4.486% due 07/15/2037 •  | 4826 | 4664 |
| 4.566% due 07/15/2037 •  | 27000 | 24840 |
| **ALESCO Preferred Funding XIV Ltd.**  |  |  |
| 4.267% due 09/23/2037 •  | 9937 | 9306 |
| 4.347% due 09/23/2037 •  | 2255 | 1962 |
| **ALESCO Preferred Funding XVII Ltd.**  |  |  |
| 4.697% due 09/23/2038 •  | 35523 | 34724 |
| 4.897% due 09/23/2038 •  | 10000 | 9400 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 35200 | 35209 |
| **AMMC CLO 27 Ltd.** <br>4.964% due 01/20/2037 •  | 45500 | 45485 |
| **Anchorage Capital CLO 20 Ltd.** <br>4.984% due 01/20/2035 •  | 19700 | 19700 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.934% due 10/20/2034 •  | 75350 | 75293 |
| **Anchorage Capital CLO 28 Ltd.** <br>5.584% due 04/20/2037 •  | 136100 | 136886 |
| **Anchorage Credit Funding 1 Ltd.** <br>3.900% due 07/28/2037 | 55263 | 54854 |
| **Anchorage Credit Funding 10 Ltd.**  |  |  |
| 3.619% due 04/25/2038  | 20756 | 20432 |
| 4.169% due 04/25/2038  | 2000 | 1930 |
| **Anchorage Credit Funding 11 Ltd.** <br>3.400% due 04/25/2038 | 99033 | 97063 |
| **Anchorage Credit Funding 12 Ltd.** <br>3.177% due 10/25/2038 | 5600 | 5492 |
| **Anchorage Credit Funding 13 Ltd.** <br>2.875% due 07/27/2039 | 2000 | 1929 |
| **Anchorage Credit Funding 14 Ltd.** <br>3.000% due 01/21/2040 | 2000 | 1922 |
| **Anchorage Credit Funding 18 Ltd.**  |  |  |
| 5.327% due 10/22/2040  | 118100 | 118646 |
| 5.702% due 10/22/2040  | 23500 | 23612 |
| **Anchorage Credit Funding 19 Ltd.** <br>5.036% due 10/25/2040 | 103400 | 103428 |
| **Anchorage Credit Funding 3 Ltd.** <br>2.871% due 01/28/2039 | 9700 | 9399 |
| **Anchorage Credit Funding 4 Ltd.** <br>2.723% due 04/27/2039 | 1000 | 955 |
| **Anchorage Credit Funding 7 Ltd.** <br>4.620% due 04/25/2037 | 4191 | 4188 |
| **Anchorage Credit Funding 8 Ltd.** <br>4.430% due 07/25/2037 | 15670 | 15637 |
| **Anchorage Credit Funding 9 Ltd.** <br>3.793% due 10/25/2037 | 20668 | 20474 |
| **Apex Credit CLO Ltd.** <br>5.684% due 04/20/2036 •  | 76200 | 76614 |
| **Apidos CLO XI** <br>5.122% due 04/17/2034 •  | 86100 | 86204 |
| **Apidos CLO XXIV** <br>5.096% due 10/20/2030 •  | 667 | 667 |
| **Aqua Finance Issuer Trust** <br>4.790% due 05/17/2051 | 34026 | 34291 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Arbour CLO DAC** <br>3.394% due 05/15/2038 •  | 20750 | 24436 |
| **Arbour CLO VI DAC** <br>3.214% due 11/15/2037 •  | 54500 | 64171 |
| **Arbour CLO VII DAC**  |  |  |
| 3.280% due 12/15/2038 •  | 93400 | 110000 |
| 4.150% due 12/15/2038 •  | 3200 | 3776 |
| **Arcano Euro CLO II DAC** <br>0.000% due 07/25/2039 •  | 91300 | 107386 |
| **ARES European CLO XIV DAC** <br>3.040% due 10/21/2034 •  | 24890 | 29289 |
| **ARES LIX CLO Ltd.** <br>5.150% due 04/25/2034 •  | $12800 | 12823 |
| **ARES LX CLO Ltd.** <br>5.064% due 07/18/2034 •  | 800 | 800 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | 117300 | 117302 |
| **ARES LXV CLO Ltd.**  |  |  |
| 4.978% due 07/25/2034 •  | 57900 | 57892 |
| 5.358% due 07/25/2034 •  | 11200 | 11242 |
| **ARES XLIV CLO Ltd.** <br>5.035% due 04/15/2034 •  | 124950 | 124990 |
| **ARES XXVII CLO Ltd.** <br>5.009% due 10/28/2034 •  | 84300 | 84327 |
| **Ascent Education Funding Trust** <br>6.140% due 10/25/2050 | 10159 | 10446 |
| **Atlantic Avenue Ltd.**  |  |  |
| 5.144% due 01/20/2035 •  | 83300 | 83380 |
| 5.266% due 10/15/2038 •  | 90700 | 90998 |
| **Atlas Senior Loan Fund XII Ltd.** <br>5.307% due 10/24/2031 •  | 1831 | 1832 |
| **Atlas Senior Loan Fund XV Ltd.** <br>5.080% due 10/23/2032 •  | 56971 | 57014 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 78700 | 78701 |
| **Atlas Senior Loan Fund XVII Ltd.** <br>4.944% due 10/20/2034 •  | 1000 | 998 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 97600 | 97595 |
| **Avoca Static CLO I DAC**  |  |  |
| 2.996% due 01/15/2035 •  | 28254 | 33199 |
| 3.726% due 01/15/2035 •  | 13500 | 15913 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.850% due 04/23/2035 •  | $63700 | 63677 |
| 5.007% due 04/22/2035 •  | 23700 | 23704 |
| 5.010% due 10/23/2034 •  | 22500 | 22507 |
| 5.042% due 07/17/2035 •  | 64800 | 64825 |
| 5.084% due 10/20/2034 •  | 66800 | 66861 |
| 5.124% due 07/16/2034 •  | 39400 | 39442 |
| 5.124% due 07/19/2034 •  | 78400 | 78439 |
| 5.374% due 07/16/2034 •  | 6300 | 6330 |
| 5.534% due 10/20/2034 •  | 12400 | 12423 |
| **Barings Euro CLO DAC**  |  |  |
| 0.000% due 08/15/2039 •(c)  | 59500 | 69924 |
| 3.250% due 10/21/2038 •  | 81300 | 95446 |
| 3.960% due 10/21/2038 •  | 16600 | 19592 |
| 4.850% due 10/21/2038  | 11500 | 13528 |
| **Benefit Street Partners CLO XXII Ltd.** <br>5.034% due 04/20/2035 •  | $34100 | 34106 |
| **Benefit Street Partners CLO XXV Ltd.** <br>4.905% due 01/15/2035 •  | 7000 | 7000 |
| **BHG Securitization Trust**  |  |  |
| 4.820% due 04/17/2036  | 14881 | 15037 |
| 4.840% due 09/17/2036  | 41626 | 42078 |
| 5.260% due 04/17/2036  | 23439 | 23700 |
| **BlueMountain CLO Ltd.**  |  |  |
| 5.048% due 10/25/2030 •  | 33889 | 33930 |
| 5.052% due 11/15/2030 •  | 3437 | 3439 |
| **BlueMountain CLO XXXIV Ltd.** <br>5.034% due 04/20/2035 •  | 117200 | 117259 |
| **Bryant Park Funding Ltd.** <br>5.525% due 04/15/2037 •  | 43000 | 43221 |
| **Buckingham CDO II Ltd.** <br>7.180% due 04/05/2041 •  | 643393 | 39163 |
| **Buckingham CDO III Ltd.** <br>7.250% due 09/05/2051 •  | 990065 | 990 |
| **Cairn CLO XI DAC**  |  |  |
| 3.187% due 01/15/2040 •  | 64750 | 76173 |
| 4.057% due 01/15/2040 •  | 11900 | 14053 |
| **Camber 4 PLC** <br>5.785% due 11/09/2053 •  | $198149 | 20 |
| **Canyon CLO Ltd.**  |  |  |
| 4.985% due 07/15/2034 •  | 4400 | 4396 |
| 5.005% due 10/15/2034 •  | 7000 | 7002 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 63300 | 74450 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Capital Four U.S. CLO II Ltd.** <br>5.784% due 01/20/2037 •  | $37500 | 37775 |
| **Capital Street Master Trust**  |  |  |
| 5.074% due 08/16/2029 •  | 51000 | 50942 |
| 5.324% due 10/16/2028 •  | 129300 | 129351 |
| 5.574% due 10/16/2028 •  | 10100 | 10111 |
| **Carlyle Global Market Strategies CLO Ltd.**  |  |  |
| 4.974% due 07/20/2034 •  | 108200 | 108260 |
| 5.126% due 07/20/2031 •  | 2139 | 2141 |
| **Carlyle U.S. CLO Ltd.**  |  |  |
| 4.938% due 01/25/2035 •  | 19200 | 19200 |
| 4.994% due 10/20/2034 •  | 6500 | 6504 |
| **CarVal CLO I Ltd.** <br>5.124% due 07/16/2031 •  | 35554 | 35572 |
| **CarVal CLO III Ltd.** <br>4.874% due 07/20/2032 •  | 66536 | 66582 |
| **CCG Receivables Trust** <br>5.820% due 09/16/2030 | 588 | 591 |
| **Cedar Funding VI CLO Ltd.** <br>4.974% due 04/20/2034 •  | 71000 | 71022 |
| **Centerbridge Credit Funding 1 Ltd.** <br>3.164% due 07/25/2039 | 8700 | 8463 |
| **CIFC Funding Ltd.** <br>5.202% due 04/17/2035 •  | 13000 | 13023 |
| **College Avenue Student Loans LLC**  |  |  |
| 5.330% due 05/25/2055  | 33024 | 33462 |
| 5.524% due 06/25/2054 •  | 51449 | 51808 |
| 5.774% due 05/25/2055 •  | 34617 | 35274 |
| 5.820% due 05/25/2055  | 16486 | 16827 |
| 6.060% due 05/25/2055  | 14441 | 14810 |
| 6.500% due 06/25/2054  | 51595 | 54028 |
| 6.890% due 05/25/2055  | 3728 | 3840 |
| 7.330% due 06/25/2054  | 18706 | 19596 |
| 7.580% due 06/25/2054  | 14724 | 15459 |
| 8.210% due 06/25/2054  | 3550 | 3763 |
| 8.490% due 05/25/2055  | 4699 | 4908 |
| 10.120% due 06/25/2054  | 5803 | 6138 |
| **Cologix Canadian Issuer LP** <br>4.940% due 01/25/2052 | 20400 | 14764 |
| **Commonbond Student Loan Trust** <br>1.980% due 08/25/2050 | $589 | 531 |
| **Consumer Loan Finance**  |  |  |
| 0.000% due 11/25/2054 «  | 25019 | 12786 |
| 5.150% due 11/25/2054  | 33920 | 34147 |
| 5.350% due 11/25/2054  | 98647 | 100585 |
| 5.450% due 11/25/2054  | 24254 | 24641 |
| 5.750% due 11/25/2054  | 12127 | 12272 |
| 6.600% due 11/25/2054  | 15925 | 16063 |
| 8.750% due 11/25/2054  | 9098 | 9204 |
| **Consumer Loan Finance Issuer Trust**  |  |  |
| 0.000% due 11/25/2053 «  | 182770 | 81409 |
| 0.000% due 11/25/2054 «  | 17489 | 9198 |
| 5.150% due 11/25/2054  | 11004 | 11024 |
| 5.350% due 11/25/2054  | 60690 | 61949 |
| 5.450% due 11/25/2054  | 15124 | 15372 |
| 5.750% due 11/25/2054  | 7563 | 7670 |
| 6.250% due 11/25/2053  | 65157 | 65347 |
| 6.400% due 11/25/2053  | 610576 | 632348 |
| 6.600% due 11/25/2054  | 9515 | 9630 |
| 6.950% due 11/25/2053  | 120879 | 125278 |
| 7.400% due 11/25/2053  | 120879 | 125474 |
| 8.750% due 11/25/2054  | 5691 | 5771 |
| 9.100% due 11/25/2053  | 70495 | 73323 |
| 9.350% due 11/25/2053  | 65472 | 66349 |
| **Contego CLO III BV** <br>3.297% due 04/15/2038 •  | 85000 | 99978 |
| **CQS U.S. CLO Ltd.** <br>5.084% due 01/20/2035 •  | $48400 | 48447 |
| **Crossroads Asset Trust** <br>4.910% due 02/20/2032 | 3434 | 3461 |
| **Cumulus Static CLO DAC** <br>3.264% due 11/15/2033 •  | 46023 | 54172 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(c) | 52500 | 61698 |
| **CVC Cordatus Loan Fund XXX DAC** <br>3.297% due 05/15/2037 •  | 14000 | 16467 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.904% due 08/15/2033 •  | 87189 | 102356 |
| **Davis Square Funding V Ltd.**  |  |  |
| 5.220% due 10/08/2040 •  | $583584 | 192893 |
| 5.360% due 10/08/2040 •  | 44806 | 10400 |
| 5.540% due 10/08/2040 •  | 52400 | 12961 |
| **Dell Equipment Finance Trust** <br>4.690% due 08/22/2030 | 39054 | 39129 |
| **Dewolf Park CLO Ltd.** <br>5.086% due 10/15/2030 •  | 2120 | 2120 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Diameter Capital CLO 4 Ltd.** <br>5.735% due 01/15/2037 •  | 92200 | 92800 |
| **Diameter Capital CLO 6 Ltd.** <br>5.515% due 04/15/2037 •  | 137400 | 138106 |
| **Diamond Infrastructure Funding LLC** <br>1.760% due 04/15/2049 | 3500 | 3403 |
| **DLLMT LLC** <br>5.080% due 02/22/2027 | 14079 | 14110 |
| **Dryden 43 Senior Loan Fund** <br>4.954% due 04/20/2034 •  | 2000 | 2000 |
| **Dryden 54 Senior Loan Fund** <br>5.034% due 10/19/2029 •  | 16624 | 16640 |
| **Dryden 86 CLO Ltd.** <br>5.012% due 07/17/2034 •  | 14630 | 14633 |
| **Dryden 95 CLO Ltd.** <br>4.929% due 08/20/2034 •  | 100200 | 100166 |
| **Dryden Euro CLO**  |  |  |
| 3.342% due 10/18/2039 •  | 76700 | 90215 |
| 5.000% due 10/18/2039  | 12000 | 14124 |
| **Duke Funding High Grade III Ltd.**  |  |  |
| 5.100% due 08/02/2049 •  | $776047 | 5830 |
| 5.190% due 08/02/2049 •  | 285269 | 2222 |
| 5.304% due 08/02/2049 •  | 102000 | 10 |
| **Education Funding Trust**  |  |  |
| 3.557% due 02/01/2050  | 45438 | 39931 |
| 4.714% due 02/01/2050  | 29124 | 28914 |
| **Elevation CLO Ltd.**  |  |  |
| 4.988% due 07/25/2034 •  | 72500 | 72441 |
| 5.158% due 01/25/2035 •  | 77200 | 77308 |
| 5.458% due 01/25/2035 •  | 8500 | 8539 |
| 5.708% due 01/25/2035 •  | 13400 | 13431 |
| **Elmwood CLO 15 Ltd.** <br>5.007% due 04/22/2035 •  | 30600 | 30605 |
| **Flatiron CLO 19 Ltd.** <br>5.032% due 11/16/2034 •  | 29294 | 29311 |
| **Fortress Credit BSL VII Ltd.** <br>4.950% due 07/23/2032 •  | 13098 | 13113 |
| **Fortress Credit BSL X Ltd.** <br>5.014% due 04/20/2033 •  | 42000 | 42047 |
| **Foundation Finance Trust** <br>4.670% due 04/15/2052 | 14359 | 14446 |
| **Goal Structured Solutions Trust** <br>4.639% due 09/25/2041 •  | 4944 | 4899 |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | 89700 | 89698 |
| **GoodLeap Home Improvement Solutions Trust** <br>5.320% due 06/20/2049 | 44260 | 44776 |
| **Goodleap Sustainable Home Solutions Trust** <br>6.500% due 07/20/2055 | 7658 | 7572 |
| **GreatAmerica Leasing Receivables Funding LLC** <br>5.280% due 03/15/2027 | 8462 | 8499 |
| **GreenSky Home Improvement Issuer Trust**  |  |  |
| 4.340% due 12/27/2060  | 27314 | 27359 |
| 4.520% due 12/27/2060  | 41200 | 41326 |
| 4.590% due 12/27/2060  | 18500 | 18582 |
| 4.890% due 06/25/2060  | 21348 | 21523 |
| 4.930% due 06/25/2060  | 17871 | 17941 |
| 5.020% due 06/25/2060  | 13800 | 14017 |
| 5.120% due 03/25/2060  | 16827 | 16906 |
| 5.150% due 10/27/2059  | 10837 | 11041 |
| 5.220% due 03/25/2060  | 12524 | 12720 |
| 5.250% due 10/27/2059  | 1036 | 1039 |
| 5.320% due 03/25/2060  | 22100 | 22646 |
| 5.390% due 03/25/2060  | 13900 | 14109 |
| 5.690% due 03/25/2060  | 7300 | 7399 |
| **GreenSky Home Improvement Trust**  |  |  |
| 5.550% due 06/25/2059  | 8400 | 8627 |
| 5.880% due 06/25/2059  | 3996 | 4014 |
| **Greywolf CLO III Ltd.**  |  |  |
| 5.087% due 04/22/2033 •  | 65785 | 65829 |
| 5.707% due 04/22/2033 •  | 32300 | 32433 |
| **Greywolf CLO IV Ltd.** <br>5.122% due 04/17/2034 •  | 38100 | 38145 |
| **Grosvenor Place CLO DAC**  |  |  |
| 3.249% due 01/15/2039 •  | 78600 | 92438 |
| 3.383% due 08/15/2039 •  | 63400 | 74508 |
| **Guggenheim CLO Ltd.** <br>5.055% due 01/15/2035 •  | $81900 | 81798 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 48600 | 57115 |
| **Hayfin Emerald CLO V DAC** <br>3.274% due 11/17/2037 •  | 88800 | 104229 |
| **Hayfin Emerald CLO VI DAC** <br>3.259% due 10/15/2038 •  | 88600 | 104213 |
| **Hayfin Emerald CLO X DAC** <br>3.251% due 10/18/2039 •  | 55000 | 64696 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Hayfin Emerald CLO XIV DAC** <br>3.225% due 01/22/2039 •  | 85000 | 99965 |
| **Henley CLO VII DAC** <br>3.055% due 04/25/2034 •  | 34451 | 40523 |
| **Hildene TruPS Securitization Ltd.** <br>5.899% due 05/22/2039 •  | $2179 | 2179 |
| **Home Partners of America Trust**  |  |  |
| 1.698% due 09/17/2041  | 6719 | 6123 |
| 1.901% due 12/17/2026  | 15095 | 14780 |
| **Hout Bay Corp.**  |  |  |
| 4.716% due 07/05/2041 •  | 463545 | 73946 |
| 4.916% due 07/05/2041 •  | 34165 | 41 |
| 5.046% due 07/05/2041 ^•(e)  | 4046 | 0 |
| **ICG U.S. CLO Ltd.**  |  |  |
| 4.884% due 01/16/2033 •  | 21276 | 21297 |
| 5.034% due 10/20/2034 •  | 75900 | 75938 |
| 5.152% due 04/17/2034 •  | 12100 | 12116 |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | 123200 | 123195 |
| **Indigo Credit Management II DAC** <br>3.209% due 07/15/2038 •  | 93500 | 109962 |
| **Invesco CLO Ltd.** <br>5.034% due 07/20/2035 •  | $47800 | 47805 |
| **Invesco Euro CLO III DAC** <br>3.184% due 10/30/2038 •  | 70200 | 82529 |
| **Invesco Euro CLO V DAC** <br>3.029% due 01/15/2034 •  | 80900 | 95177 |
| **Invesco Euro CLO XI DAC** <br>3.283% due 10/22/2036 •  | 57900 | 68103 |
| **Jamestown CLO XVI Ltd.** <br>4.978% due 07/25/2034 •  | $83300 | 83317 |
| **Jamestown CLO XVIII Ltd.** <br>5.128% due 07/25/2035 •  | 79100 | 79219 |
| **Jupiter High-Grade CDO III Ltd.** <br>9.565% due 06/08/2042 «•  | 34500 | 0 |
| **KDAC Aviation Finance Ltd.** <br>4.212% due 12/15/2042 | 6302 | 6298 |
| **KGS-Alpha SBA COOF Trust** <br>1.125% due 04/25/2038 «~(a) | 5105 | 102 |
| **KKR CLO 16 Ltd.** <br>4.988% due 10/20/2034 •  | 181600 | 181661 |
| **KKR CLO 17 Ltd.** <br>5.246% due 04/15/2034 •  | 6000 | 6013 |
| **KKR CLO 21 Ltd.** <br>5.166% due 04/15/2031 •  | 1214 | 1215 |
| **KKR CLO 27 Ltd.** <br>5.015% due 01/15/2035 •  | 34200 | 34200 |
| **KKR CLO 33 Ltd.** <br>4.993% due 07/20/2034 •  | 27700 | 27707 |
| **KKR CLO 36 Ltd.** <br>5.055% due 10/15/2034 •  | 113700 | 113738 |
| **KKR CLO 41 Ltd.** <br>5.235% due 04/15/2035 •  | 5750 | 5755 |
| **KKR CLO 42 Ltd.** <br>5.034% due 07/20/2034 •  | 95400 | 95472 |
| **Labrador Aviation Finance Ltd.** <br>4.300% due 01/15/2042 | 647 | 647 |
| **LCM 31 Ltd.** <br>5.164% due 07/20/2034 •  | 42800 | 42869 |
| **LCM 34 Ltd.** <br>5.064% due 10/20/2034 •  | 1300 | 1302 |
| **LCM 35 Ltd.** <br>4.985% due 10/15/2034 •  | 109450 | 109436 |
| **LCM 36 Ltd.** <br>4.975% due 01/15/2034 •  | 1000 | 999 |
| **LCM Loan Income Fund I Ltd.** <br>5.176% due 04/20/2031 •  | 1877 | 1880 |
| **LendingPoint Pass-Through Trust** <br>5.700% due 07/15/2029 | 1091 | 1086 |
| **Lendmark Funding Trust**  |  |  |
| 4.470% due 02/21/2034  | 18900 | 18957 |
| 5.530% due 06/21/2032  | 20100 | 20380 |
| **Lyra Music Assets Delaware LP** <br>5.760% due 12/22/2064 | 95813 | 97051 |
| **M&T Equipment Notes** <br>4.990% due 08/18/2031 | 23516 | 23594 |
| **Madison Park Funding XLIX Ltd.** <br>4.934% due 10/19/2034 •  | 76700 | 76701 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 120200 | 120118 |
| **Madison Park Funding XXXIX Ltd.** <br>5.107% due 10/22/2034 •  | 10200 | 10214 |
| **Madison Park Funding XXXV Ltd.** <br>5.136% due 04/20/2032 •  | 842 | 842 |
| **Madison Park Funding XXXVI Ltd.** <br>4.965% due 04/15/2035 •  | 2000 | 2000 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Magnetite XXV Ltd.** <br>5.320% due 01/25/2032 •  | 5433 | 5439 |
| **Man Euro CLO DAC** <br>3.776% due 10/15/2036 •  | 86900 | 102295 |
| **Marble Point CLO XXII Ltd.** <br>5.078% due 07/25/2034 •  | $87800 | 87894 |
| **Marlette Funding Trust** <br>7.130% due 12/15/2033 | 8046 | 8123 |
| **Marzio Finance SRL** <br>2.724% due 09/28/2049 •  | 5085 | 5998 |
| **Mercury CDO Ltd.** <br>4.895% due 12/08/2040 •  | $6000 | 158 |
| **MMcapS Funding XVII Ltd.** <br>4.504% due 12/01/2035 •  | 8420 | 8294 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 78100 | 78126 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 48300 | 56762 |
| **Nassau Ltd.** <br>5.316% due 07/15/2031 •  | $281 | 281 |
| **National Collegiate V Commutation Trust** <br>0.000% due 03/25/2038 •  | 61425 | 9190 |
| **Navesink CLO 2 Ltd.**  |  |  |
| 0.000% due 01/15/2036 •(c)  | 59800 | 59800 |
| 5.175% due 04/15/2036 •  | 13400 | 13400 |
| **Navient Education Loan Trust** <br>5.020% due 07/15/2055 | 29728 | 30083 |
| **Navient Private Education Loan Trust**  |  |  |
| 2.460% due 11/15/2068  | 6922 | 6725 |
| 5.315% due 07/16/2040 •  | 7461 | 7475 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.330% due 04/15/2069  | 14517 | 13601 |
| 1.690% due 05/15/2069  | 169 | 161 |
| 3.238% due 11/15/2045 ~  | 99466 | 93652 |
| 4.915% due 12/15/2059 •  | 3366 | 3363 |
| **Navient Refinance Loan Trust** <br>5.150% due 02/16/2055 | 17053 | 17307 |
| **Navient Student Loan Trust**  |  |  |
| 5.684% due 03/15/2072 •  | 48152 | 48617 |
| 7.230% due 03/15/2072  | 52400 | 56840 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.670% due 06/22/2065  | 353305 | 352386 |
| 4.840% due 05/17/2055  | 190324 | 191138 |
| 5.268% due 06/22/2065 •  | 268443 | 270706 |
| 5.334% due 05/17/2055 •  | 173949 | 175366 |
| 6.118% due 02/20/2041 •  | 32146 | 32854 |
| 6.640% due 02/20/2041  | 31172 | 32475 |
| **Neuberger Berman Loan Advisers CLO 43 Ltd.** <br>4.932% due 07/17/2036 •  | 62500 | 62486 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.972% due 10/14/2036 •  | 73800 | 73767 |
| **Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.** <br>5.140% due 10/25/2036 •  | 80900 | 80998 |
| **Newark BSL CLO 2 Ltd.** <br>5.090% due 07/25/2030 •  | 1533 | 1534 |
| **Northwoods Capital 25 Ltd.** <br>5.004% due 07/20/2034 •  | 79700 | 79574 |
| **Northwoods Capital XII-B Ltd.** <br>4.913% due 06/15/2031 •  | 22929 | 22957 |
| **Northwoods Capital XIV-B Ltd.** <br>5.091% due 11/13/2031 •  | 1344 | 1345 |
| **Ocean Trails CLO X** <br>5.605% due 10/15/2034 •  | 7750 | 7765 |
| **Ocean Trails CLO XI** <br>4.914% due 07/20/2034 •  | 43800 | 43690 |
| **OCP Euro CLO DAC**  |  |  |
| 3.244% due 07/20/2036 •  | 83600 | 98329 |
| 3.300% due 10/20/2039 •  | 22600 | 26581 |
| **Octagon Investment Partners 39 Ltd.** <br>5.034% due 10/20/2030 •  | $15564 | 15583 |
| **Octagon Investment Partners 40 Ltd.** <br>4.924% due 01/20/2035 •  | 108600 | 108573 |
| **OFSI BSL X Ltd.** <br>5.154% due 04/20/2034 •  | 62000 | 62086 |
| **OneMain Financial Issuance Trust**  |  |  |
| 1.750% due 09/14/2035  | 13667 | 13457 |
| 5.484% due 09/15/2036 •  | 18764 | 18937 |
| 5.940% due 05/15/2034  | 693 | 695 |
| **Oportun Funding Trust** <br>4.960% due 08/16/2032 | 8399 | 8411 |
| **Oportun Issuance Trust**  |  |  |
| 5.010% due 02/08/2033  | 19800 | 19801 |
| 5.860% due 02/09/2032  | 870 | 870 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 0.000% due 04/15/2032 «~  | 8513 | 3976 |
| 4.865% due 10/15/2032  | 46809 | 46986 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.961% due 10/15/2032  | 6396 | 6432 |
| 5.065% due 03/15/2032  | 7493 | 7515 |
| 5.092% due 07/15/2032  | 11875 | 11932 |
| 5.108% due 03/15/2033  | 11400 | 11476 |
| 5.156% due 07/15/2032  | 8411 | 8485 |
| 5.183% due 06/15/2032  | 12455 | 12519 |
| 5.331% due 01/15/2032  | 6454 | 6479 |
| 5.617% due 04/15/2032 «  | 7760 | 7772 |
| 5.637% due 07/15/2032  | 5544 | 5587 |
| 5.750% due 06/15/2032  | 12430 | 12514 |
| 5.823% due 04/15/2032 «  | 5435 | 5450 |
| 5.871% due 07/15/2032  | 5740 | 5785 |
| 5.992% due 06/15/2032  | 4257 | 4286 |
| 6.261% due 04/15/2032 «  | 5726 | 5751 |
| 6.278% due 10/15/2031  | 4509 | 4536 |
| 10.273% due 04/15/2032 «  | 7048 | 6918 |
| **Pagaya AI Debt Grantor Trust & Pagaya AI Debt Trust** <br>6.093% due 11/15/2031 | 4433 | 4455 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 4425 | 4456 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 18599 | 18765 |
| 6.258% due 10/15/2031  | 10268 | 10302 |
| 6.319% due 08/15/2031  | 4603 | 4620 |
| 6.660% due 07/15/2031  | 1174 | 1177 |
| **Palmer Square CLO Ltd.** <br>4.918% due 05/21/2034 •  | 21660 | 21658 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 2.859% due 10/15/2034 •  | 121350 | 142721 |
| 2.989% due 01/15/2033 •  | 8949 | 10523 |
| 3.034% due 05/15/2033 •  | 36961 | 43423 |
| 3.034% due 08/15/2033 •  | 44893 | 52720 |
| 3.047% due 07/15/2035 •  | 58800 | 69110 |
| 3.054% due 05/15/2034 •  | 90110 | 105791 |
| 3.064% due 05/15/2034 •  | 50989 | 59988 |
| 3.559% due 10/15/2034 •  | 22500 | 26464 |
| 3.714% due 05/15/2033 •  | 1000 | 1177 |
| 3.917% due 07/15/2035 •  | 20700 | 24326 |
| **Parallel Ltd.** <br>5.015% due 07/15/2034 •  | $74400 | 74263 |
| **Park Avenue Institutional Advisers CLO Ltd.** <br>4.994% due 01/20/2034 •  | 49500 | 49537 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 55500 | 65221 |
| **Performer Funding 1 PLC**  |  |  |
| 0.000% due 06/21/2035  | 164391 | 125459 |
| 5.789% due 06/21/2035 •  | 185225 | 249702 |
| 6.789% due 06/21/2035 •  | 129635 | 175140 |
| 7.789% due 06/21/2035 •  | 86490 | 117954 |
| 9.289% due 06/21/2035 •  | 37025 | 50456 |
| 11.289% due 06/21/2035 •  | 55585 | 75747 |
| **Pikes Peak CLO 2** <br>5.104% due 10/11/2034 •  | $45000 | 45052 |
| **Pikes Peak CLO 4** <br>5.115% due 07/15/2034 •  | 46500 | 46541 |
| **Pikes Peak CLO 6** <br>4.815% due 05/18/2034 •  | 20000 | 19990 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | 46800 | 46804 |
| **PPM CLO 3 Ltd.** <br>5.002% due 07/17/2034 •  | 52000 | 52005 |
| **PPM CLO 5 Ltd.** <br>4.998% due 10/18/2034 •  | 93200 | 93202 |
| **Progress Residential Trust**  |  |  |
| 2.013% due 11/17/2040  | 6012 | 5661 |
| 2.709% due 02/17/2041  | 10575 | 10100 |
| **Project Panama SPV LLC** <br>7.819% due 01/03/2029 « | 174657 | 175754 |
| **Providus CLO II DAC** <br>3.169% due 10/15/2038 •  | 69000 | 81237 |
| **Providus CLO V DAC** <br>3.314% due 11/15/2039 •  | 55900 | 65750 |
| **Rad CLO 10 Ltd.** <br>5.291% due 04/23/2034 •  | $14510 | 14552 |
| **RCKT Trust**  |  |  |
| 4.480% due 11/27/2034  | 5571 | 5577 |
| 4.900% due 07/25/2034  | 6681 | 6700 |
| **Reach ABS Trust**  |  |  |
| 4.930% due 08/18/2032  | 49122 | 49330 |
| 4.960% due 08/16/2032  | 11731 | 11768 |
| 5.880% due 07/15/2031  | 2596 | 2607 |
| **Regatta XVI Funding Ltd.** <br>5.105% due 01/15/2033 •  | 69328 | 69376 |
| **Regional Management Issuance Trust**  |  |  |
| 5.110% due 12/15/2033  | 20700 | 20867 |
| 5.830% due 07/15/2036  | 10500 | 10709 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rockford Tower CLO Ltd.**  |  |  |
| 5.014% due 07/20/2034 •  | 33500 | 33506 |
| 5.084% due 07/20/2035 •  | 70700 | 70766 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  | 79000 | 79034 |
| **Romark CLO Ltd.** <br>5.151% due 10/23/2030 •  | 121 | 121 |
| **Romark CLO V Ltd.** <br>5.095% due 01/15/2035 •  | 110400 | 110481 |
| **Romark Credit Funding II Ltd.** <br>2.625% due 10/25/2039 | 1000 | 949 |
| **Romark Credit Funding III Ltd.** <br>5.539% due 09/15/2042 | 27400 | 27497 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 93100 | 93683 |
| **Sandstone Peak Ltd.** <br>5.185% due 10/15/2034 •  | 72100 | 72231 |
| **Sculptor CLO XXVII Ltd.** <br>4.944% due 07/20/2034 •  | 67800 | 67799 |
| **Sculptor European CLO IV DAC** <br>3.265% due 04/27/2038 •  | 102300 | 120429 |
| **Shackleton CLO Ltd.** <br>5.084% due 07/20/2034 •  | $66800 | 66858 |
| **Sierra Madre Funding Ltd.** <br>4.298% due 09/07/2039 •  | 18995 | 10488 |
| **Silver Rock CLO II Ltd.** <br>4.924% due 01/20/2035 •  | 59400 | 59400 |
| **SLM Private Credit Student Loan Trust** <br>4.255% due 12/15/2039 •  | 223 | 218 |
| **SLM Student Loan Trust**  |  |  |
| 2.465% due 10/25/2039 •  | 3554 | 3895 |
| 4.789% due 01/25/2075 •  | $18354 | 18382 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 03/15/2052 «  | 5945 | 7889 |
| 0.000% due 09/15/2053  | 3 | 970 |
| 0.000% due 02/16/2055 «  | 34 | 33177 |
| 0.000% due 03/15/2055 «  | 47 | 605 |
| 0.000% due 10/16/2056 «  | 13 | 5656 |
| 0.000% due 10/15/2058 «  | 23 | 6148 |
| 3.940% due 02/16/2055  | 183597 | 179939 |
| 4.550% due 02/16/2055  | 72466 | 71198 |
| 4.696% due 09/15/2054 •  | 2351 | 2345 |
| 4.780% due 03/15/2055  | 35479 | 35150 |
| 4.950% due 02/16/2055  | 21080 | 20806 |
| 4.960% due 03/15/2055  | 725957 | 731871 |
| 4.990% due 10/16/2056  | 211952 | 213874 |
| 5.020% due 03/17/2053  | 73515 | 74181 |
| 5.060% due 03/16/2054  | 33457 | 33904 |
| 5.074% due 06/17/2052 •  | 9976 | 9972 |
| 5.074% due 07/15/2053 •  | 108189 | 107473 |
| 5.090% due 10/16/2056  | 10833 | 11015 |
| 5.100% due 03/15/2055  | 35479 | 35761 |
| 5.184% due 03/15/2055 •  | 80620 | 80771 |
| 5.240% due 03/15/2056  | 48374 | 49273 |
| 5.260% due 03/15/2055  | 71359 | 69288 |
| 5.274% due 03/15/2052 •  | 42807 | 42887 |
| 5.334% due 10/16/2056 •  | 11325 | 11355 |
| 5.370% due 10/15/2058  | 94399 | 96576 |
| 5.380% due 07/15/2053  | 135187 | 138130 |
| 5.434% due 02/16/2055 •  | 181177 | 183018 |
| 5.434% due 03/15/2056 •  | 59733 | 60378 |
| 5.500% due 06/17/2052  | 40515 | 41622 |
| 5.550% due 03/15/2052  | 42807 | 44211 |
| 5.634% due 09/15/2053 •  | 105770 | 107674 |
| 5.670% due 11/15/2052  | 1582 | 1626 |
| 5.770% due 10/16/2056  | 118641 | 121197 |
| 5.784% due 10/16/2056 •  | 323377 | 330313 |
| 5.784% due 10/15/2058 •  | 144746 | 147558 |
| 5.834% due 05/16/2050 •  | 5254 | 5335 |
| 5.950% due 02/16/2055  | 20338 | 20627 |
| 6.150% due 09/15/2053  | 65154 | 68660 |
| 6.150% due 10/15/2058  | 31834 | 32982 |
| 6.250% due 03/15/2052  | 9200 | 9506 |
| 6.360% due 10/16/2056  | 19950 | 20579 |
| 6.500% due 03/15/2052  | 4315 | 4536 |
| 6.580% due 10/15/2058  | 6522 | 6722 |
| 6.930% due 09/15/2053  | 43966 | 46837 |
| 7.230% due 10/15/2058  | 32215 | 33056 |
| 7.540% due 09/15/2053  | 8999 | 9545 |
| 7.560% due 10/16/2056  | 64173 | 66807 |
| 8.290% due 03/15/2052  | 4600 | 4827 |
| 8.870% due 09/15/2053  | 18543 | 20248 |
| **SoFi Alternative Trust**  |  |  |
| 0.000% due 02/15/2046 «  | 1000 | 15077 |
| 1.170% due 02/15/2046  | 109835 | 103390 |
| 2.550% due 02/15/2046  | 54100 | 46683 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.192% due 05/16/2050 ~  | 52100 | 50115 |
| 3.840% due 06/15/2050 ~  | 88872 | 85171 |
| **SoFi Consumer Loan Program Trust**  |  |  |
| 0.000% due 03/27/2034 «  | 10092 | 13246 |
| 0.010% due 06/15/2034 «  | 36976 | 46085 |
| 0.010% due 10/25/2034 «  | 19638 | 27858 |
| 4.190% due 10/25/2034  | 140565 | 140703 |
| 4.240% due 08/25/2035  | 52055 | 52125 |
| 4.470% due 08/15/2034  | 55128 | 55301 |
| 4.530% due 10/25/2034  | 17045 | 17011 |
| 4.620% due 06/15/2034  | 187619 | 188398 |
| 4.800% due 02/27/2034  | 15706 | 15767 |
| 4.900% due 10/25/2034  | 13240 | 13227 |
| 4.910% due 03/27/2034  | 52170 | 52444 |
| 4.970% due 06/15/2034  | 26600 | 26843 |
| 5.190% due 06/15/2034  | 20600 | 20788 |
| 5.200% due 10/25/2034  | 9770 | 9790 |
| 5.250% due 03/27/2034  | 9528 | 9647 |
| 5.590% due 06/15/2034  | 15200 | 15376 |
| 5.770% due 03/27/2034  | 7392 | 7503 |
| 6.260% due 03/27/2034  | 5461 | 5550 |
| **Sound Point CLO XIX Ltd.** <br>5.166% due 04/15/2031 •  | 1867 | 1868 |
| **Sound Point CLO XXIII** <br>5.336% due 07/15/2034 •  | 13000 | 13041 |
| **Sound Point CLO XXVII Ltd.** <br>5.300% due 10/25/2034 •  | 15700 | 15753 |
| **Sound Point CLO XXVIII Ltd.** <br>5.138% due 01/25/2032 •  | 38867 | 38890 |
| **Steele Creek CLO Ltd.** <br>5.176% due 04/15/2031 •  | 998 | 999 |
| **Sunbit Asset Securitization Trust** <br>5.360% due 07/15/2030 | 31900 | 32131 |
| **Sycamore Tree CLO Ltd.** <br>5.564% due 01/20/2037 •  | 79000 | 79416 |
| **Symphony CLO 36 Ltd.** <br>0.000% due 01/20/2036 •(c) | 86900 | 86900 |
| **Symphony CLO 37 Ltd.** <br>5.684% due 01/20/2037 •  | 21325 | 21464 |
| **Symphony CLO XXII Ltd.** <br>5.064% due 04/18/2033 •  | 29752 | 29768 |
| **Symphony CLO XXIV Ltd.** <br>5.261% due 10/23/2035 •  | 53600 | 53592 |
| **Symphony CLO XXIX Ltd.** <br>5.433% due 10/15/2035 •  | 41000 | 41001 |
| **Symphony CLO XXV Ltd.** <br>4.874% due 04/19/2034 •  | 117400 | 117395 |
| **Symphony CLO XXXII Ltd.** <br>5.419% due 10/23/2035 | 58900 | 58898 |
| **T-Mobile U.S. Trust** <br>4.250% due 05/21/2029 | 29700 | 29858 |
| **TCW CLO AMR Ltd.** <br>5.151% due 08/16/2034 •  | 84500 | 84563 |
| **TCW CLO Ltd.** <br>5.494% due 01/16/2037 •  | 43800 | 44016 |
| **Tesla Sustainable Energy Trust**  |  |  |
| 5.080% due 06/21/2050  | 6578 | 6610 |
| 5.290% due 06/20/2050  | 8300 | 8345 |
| **Thayer Park CLO Ltd.** <br>4.868% due 04/20/2034 •  | 45800 | 45781 |
| **THL Credit Wind River CLO Ltd.**  |  |  |
| 5.105% due 04/15/2035 •  | 134200 | 134315 |
| 5.206% due 04/18/2036 •  | 11250 | 11273 |
| **TIAA CLO IV Ltd.** <br>5.024% due 01/20/2032 •  | 9039 | 9043 |
| **Tikehau CLO IX DAC** <br>3.224% due 01/20/2037 •  | 83700 | 98436 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 74250 | 87324 |
| **Trainer Wortham CBO V Ltd.** <br>4.796% due 01/04/2040 •  | $4690 | 1685 |
| **Tralee CLO V Ltd.** <br>4.964% due 10/20/2034 •  | 84000 | 83981 |
| **Trapeza CDO IX Ltd.** <br>4.450% due 01/27/2040 •  | 11639 | 11407 |
| **Trapeza CDO XII Ltd.** <br>4.546% due 04/06/2042 •  | 8093 | 7284 |
| **Trapeza CDO XIII Ltd.**  |  |  |
| 4.407% due 11/09/2042 •  | 10734 | 10340 |
| 4.457% due 11/09/2042 •  | 14000 | 12600 |
| **Triaxx Prime CDO Ltd.** <br>4.763% due 10/02/2039 ^•(e) | 5843 | 52 |
| **Tricon American Homes Trust** <br>1.482% due 11/17/2039 | 15624 | 14908 |
| **Trinitas CLO IX Ltd.** <br>5.084% due 01/20/2032 •  | 602 | 603 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Trinitas CLO VI Ltd.** <br>4.968% due 01/25/2034 •  | 42100 | 42119 |
| **Trinitas CLO VII Ltd.** <br>4.918% due 01/25/2035 •  | 5000 | 5000 |
| **Trinitas CLO VIII Ltd.** <br>5.246% due 07/20/2031 •  | 417 | 418 |
| **Trinitas CLO XVII Ltd.** <br>5.034% due 10/20/2034 •  | 74000 | 74024 |
| **Trinitas CLO XX Ltd.** <br>4.924% due 07/20/2035 •  | 5500 | 5488 |
| **Trinitas Euro CLO I DAC** <br>3.232% due 07/15/2039 •  | 47800 | 56217 |
| **Tropic CDO V Ltd.**  |  |  |
| 4.456% due 07/15/2036 •  | $17520 | 17169 |
| 4.486% due 07/15/2036 •  | 28364 | 27442 |
| **Trysail CLO Ltd.** <br>5.123% due 10/20/2033 •  | 28700 | 28732 |
| **U.S. Capital Funding V Ltd.** <br>4.469% due 10/10/2040 •  | 26140 | 24898 |
| **Upstart Pass-Through Trust**  |  |  |
| 4.300% due 05/20/2030  | 1436 | 1433 |
| 7.900% due 10/20/2028  | 3621 | 3662 |
| **Upstart Personal Consumer Trust** <br>12.110% due 11/20/2031 « | 95137 | 96470 |
| **Upstart Securitization Trust**  |  |  |
| 4.600% due 09/20/2035  | 25500 | 25565 |
| 5.020% due 09/20/2035  | 5700 | 5683 |
| **Upstart Structured Pass-Through Trust** <br>4.250% due 06/17/2030 | 1716 | 1712 |
| **UPX HIL Issuer Trust** <br>5.160% due 01/25/2047 | 12240 | 12344 |
| **Venture 44 CLO Ltd.** <br>5.024% due 10/20/2034 •  | 14700 | 14704 |
| **Verdelite Static CLO Ltd.** <br>5.014% due 07/20/2032 •  | 73066 | 73086 |
| **Vibrant CLO XII Ltd.** <br>5.034% due 04/20/2034 •  | 78300 | 78316 |
| **Voya CLO Ltd.**  |  |  |
| 4.944% due 04/20/2034 •  | 137800 | 137784 |
| 5.084% due 07/20/2032 •  | 1798 | 1800 |
| 5.425% due 04/15/2037 •  | 13330 | 13397 |
| **Voya Ltd.** <br>5.166% due 10/15/2030 •  | 77 | 78 |
| **WATR I Issuer Trust**  |  |  |
| 0.010% due 06/17/2050 «  | 10859 | 19403 |
| 0.010% due 09/16/2050 «  | 7653 | 13975 |
| 4.790% due 09/16/2050 «  | 48312 | 48349 |
| 5.040% due 09/16/2050 «  | 13653 | 13673 |
| 5.240% due 09/16/2050 «  | 9040 | 9052 |
| 5.250% due 06/17/2050 «  | 68282 | 69130 |
| 5.560% due 06/17/2050 «  | 15970 | 16237 |
| 5.810% due 06/17/2050 «  | 10020 | 10203 |
| 6.160% due 09/16/2050 «  | 9410 | 9418 |
| 6.770% due 06/17/2050 «  | 17130 | 17454 |
| **Wellfleet CLO Ltd.**  |  |  |
| 5.055% due 07/15/2034 •  | 58600 | 58626 |
| 5.064% due 04/20/2034 •  | 44500 | 44554 |
| **Whetstone Park CLO Ltd.** <br>4.954% due 01/20/2035 •  | 30800 | 30800 |
| **Wind River CLO Ltd.**  |  |  |
| 4.965% due 10/15/2034 •  | 65695 | 65542 |
| 4.994% due 07/20/2034 •  | 94550 | 94578 |
|  |  | 23917295 |
| Total Asset-Backed Securities (Cost $43,687,296) |  | 42506446 |
| **SOVEREIGN ISSUES 9.9%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 172089 | 111352 |
| 4.125% due 07/09/2035 þ  | 142285 | 101099 |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 246546 | 210674 |
| 1.000% due 07/09/2029  | 29150 | 26060 |
| 3.500% due 07/09/2041 þ  | 383591 | 266212 |
| 4.125% due 07/09/2035 þ  | 449771 | 335529 |
| 4.125% due 07/09/2046 þ  | 14928 | 10659 |
| 5.000% due 01/09/2038 þ  | 113563 | 88466 |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 26845000 | 29295 |
| 5.000% due 03/01/2035  | 18000000 | 19513 |
| 5.800% due 10/01/2029  | 41135000 | 46859 |
| 5.800% due 10/01/2034  | 2290000 | 2625 |
| 6.000% due 04/01/2033  | 34090000 | 39354 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 04/01/2026 (h)  | 17663673 | 3118176 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.000% due 07/01/2026 (h)  | 18460000 | 3155482 |
| **Colombia Government International Bonds**  |  |  |
| 3.750% due 09/19/2028  | 61900 | 72217 |
| 5.000% due 09/19/2032  | 47250 | 53320 |
| 5.625% due 02/19/2036  | 62100 | 68576 |
| 5.750% due 11/26/2034  | 99400 | 113349 |
| 6.500% due 11/26/2038  | 119700 | 136254 |
| **Colombia TES**  |  |  |
| 11.000% due 08/22/2029  | 995819500 | 249228 |
| 11.750% due 01/24/2035  | 923305200 | 227655 |
| 12.750% due 11/28/2040  | 1008432300 | 261821 |
| 13.250% due 02/09/2033  | 805751900 | 216182 |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 169000 | 203651 |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 1337000 | 2739 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $969400 | 988633 |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 23763600 | 498896 |
| **Hellenic Republic Government Bonds**  |  |  |
| 2.000% due 04/22/2027  | 29093 | 34267 |
| 3.900% due 01/30/2033  | 46724 | 57523 |
| 4.000% due 01/30/2037  | 78168 | 95571 |
| 4.200% due 01/30/2042  | 33323 | 40790 |
| **Hungary Government International Bonds** <br>5.375% due 09/26/2030 | $50000 | 51387 |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 03/12/2029  | 120600 | 124289 |
| 5.375% due 02/19/2030  | 221800 | 229689 |
| 5.500% due 03/12/2034  | 68400 | 70948 |
| 5.625% due 02/19/2035  | 108400 | 113339 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.100% due 09/20/2054  | 20100400 | 98439 |
| 2.300% due 12/20/2054  | 22923200 | 117537 |
| 2.400% due 03/20/2055  | 5099000 | 26744 |
| 3.200% due 09/20/2055  | 123935800 | 767256 |
| **Japan Government Twenty Year Bonds** <br>2.400% due 03/20/2045 | 19652000 | 116146 |
| **Kuwait International Government Bonds** <br>4.016% due 10/09/2028 | $256400 | 257064 |
| **Mexico Bonos**  |  |  |
| 7.500% due 05/26/2033  | 451600 | 23339 |
| 7.750% due 05/29/2031  | 5392900 | 288870 |
| 7.750% due 11/23/2034  | 5735230 | 295831 |
| 8.500% due 03/01/2029  | 8892700 | 498643 |
| 8.500% due 05/31/2029  | 2444800 | 137072 |
| **Mexico Government International Bonds** <br>4.625% due 05/04/2033 | 95200 | 114190 |
| **Mexico Udibonos**  |  |  |
| 2.750% due 11/27/2031 (j)  | 8688 | 437 |
| 3.000% due 12/03/2026 (j)  | 20270 | 1120 |
| 4.000% due 11/30/2028 (j)  | 102243 | 5654 |
| 4.000% due 08/24/2034 (j)  | 3536 | 188 |
| **Peru Government Bonds**  |  |  |
| 5.350% due 08/12/2040  | 24900 | 6580 |
| 5.400% due 08/12/2034  | 60700 | 18022 |
| 6.150% due 08/12/2032  | 159768 | 51295 |
| 7.300% due 08/12/2033  | 1767972 | 600235 |
| 7.600% due 08/12/2039  | 715171 | 232686 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 150680 | 44736 |
| 6.150% due 08/12/2032  | 2069891 | 664562 |
| 6.900% due 08/12/2037  | 448008 | 139520 |
| 6.950% due 08/12/2031  | 1748155 | 578242 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 8454150 | 499459 |
| 8.000% due 01/31/2030  | 1169600 | 72231 |
| 8.500% due 01/31/2037  | 3587800 | 215383 |
| 8.875% due 02/28/2035  | 10265100 | 646900 |
| 9.000% due 01/31/2040  | 798200 | 48388 |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 82700 | 87906 |
| 2.000% due 04/14/2033  | 18200 | 17407 |
| 2.750% due 04/14/2041  | 9000 | 7024 |
| 2.875% due 04/13/2042  | 26100 | 20265 |
| 3.750% due 02/07/2034  | 25720 | 27258 |
| 5.125% due 09/24/2031  | 159600 | 192052 |
| 5.250% due 03/10/2030  | 129850 | 159696 |
| 5.250% due 05/30/2032  | 78700 | 94615 |
| 5.375% due 03/22/2031  | 80200 | 98178 |
| 5.375% due 06/07/2033  | 134300 | 159540 |
| 5.500% due 09/18/2028 (n)  | 13400 | 16667 |
| 5.625% due 05/30/2037  | 79400 | 90932 |
| 5.875% due 07/11/2032  | 300000 | 367963 |
| 6.250% due 09/10/2034  | 128800 | 159051 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.375% due 09/18/2033  | 43500 | 54819 |
| 6.500% due 10/07/2045  | 18900 | 22116 |
| 6.750% due 07/11/2039  | 186800 | 229011 |
| **Russia Foreign Bonds - Eurobond**  |  |  |
| 5.100% due 03/28/2035 «  | $5600 | 0 |
| 5.250% due 06/23/2047 «  | 560200 | 0 |
| 5.625% due 04/04/2042  | 405400 | 283780 |
| 5.875% due 09/16/2043  | 124400 | 85144 |
| **Titulos De Tesoreria**  |  |  |
| 11.000% due 08/22/2029  | 500000000 | 125137 |
| 11.750% due 01/24/2035  | 500000000 | 123283 |
| 12.750% due 11/28/2040  | 500000000 | 129816 |
| 13.250% due 02/09/2033  | 500000000 | 134149 |
| **Turkiye Government Bonds**  |  |  |
| 38.324% (BISTREFI + 0.000%) due 09/06/2028 ~  | 577600 | 13440 |
| 39.431% (BISTREFI + 0.000%) due 05/20/2026 ~  | 72900 | 1708 |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 52700 | 1240 |
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 12055300 | 280632 |
| **Turkiye Government International Bonds**  |  |  |
| 5.250% due 03/13/2030  | $211900 | 211028 |
| 6.125% due 10/24/2028  | 76500 | 79170 |
| 7.625% due 04/26/2029  | 253315 | 272966 |
| **Turkiye Ihracat Kredi Bankasi AS** <br>6.875% due 07/03/2028 | 18400 | 19024 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(i)  | 971 | 578 |
| 0.000% due 02/01/2034 þ(i)  | 3627 | 1732 |
| 0.000% due 02/01/2035 þ(i)  | 3065 | 1747 |
| 0.000% due 02/01/2036 þ(i)  | 2555 | 1450 |
| 4.500% due 02/01/2034 þ  | 4646 | 2845 |
| 4.500% due 02/01/2035 þ  | 6423 | 3854 |
| 4.500% due 02/01/2036 þ  | 6702 | 3954 |
| **Venezuela Government International Bonds**  |  |  |
| 6.000% due 06/25/2035 ^(e)  | 67641 | 18026 |
| 7.000% due 03/31/2038 ^(e)  | 8428 | 2499 |
| 7.650% due 04/21/2035 ^(e)  | 40703 | 11560 |
| 9.250% due 09/15/2027 ^(e)  | 60703 | 20260 |
| 9.250% due 05/07/2028 ^(e)  | 75546 | 24099 |
| 11.750% due 10/21/2026 ^(e)  | 6260 | 2060 |
| 11.950% due 08/05/2031 ^(e)  | 64700 | 21286 |
| Total Sovereign Issues (Cost $20,461,229) |  | 21719415 |
|  | SHARES |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |
| **SES SA «(f)** | 7981591 | 124046 |
| **Uniti Group, Inc. (f)** | 681286 | 4776 |
|  |  | 128822 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **SSB Manufacturing Co. «(f)(l)** | 1460 | 0 |
| **CONSUMER STAPLES 0.0%**  |  |  |
| **Dreamwell, Inc. «(f)(l)** | 1460 | 12 |
| **FINANCIALS 0.0%**  |  |  |
| **UBS Group AG** | 245819 | 11350 |
| **XBP Global Holdings, Inc. (f)** | 94691 | 645 |
|  |  | 11995 |
| **HEALTH CARE 0.0%**  |  |  |
| **BONDHOLDCO «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class A «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class B «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class C «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class E «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class F «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class G «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class H «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class I «(f)(l)** | 8220 | 0 |
| **BONDHOLDCO Class J «(f)(l)** | 8220 | 0 |
|  |  | 0 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Drillco Holdings Luxembourg SA «(l)** | 39510 | 891 |
| **Foresea Holdings SA «** | 230111 | 5192 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Luxco Co. Ltd. «(f)(l)** | 1797091 | 31704 |
| **Westmoreland Mining Holdings «(f)(l)** | 143733 | 81 |
| **Westmoreland Mining LLC «(f)(l)** | 452949 | 1274 |
|  |  | 39142 |
| **REAL ESTATE 0.0%**  |  |  |
| **Country Garden Holdings Co. Ltd. (f)** | 252765 | 13 |
| **MNSN Holdings, Inc. «(f)(l)** | 438 | 22 |
|  |  | 35 |
| Total Common Stocks (Cost $104,648) |  | 180006 |
| **WARRANTS 0.0%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **Windstream Holdings II LLC - Exp. 08/01/2035 «** | 1195360 | 8045 |
| **ENERGY 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 «(l)** | 3 | 0 |
| Total Warrants (Cost $7,282) |  | 8045 |
| **PREFERRED SECURITIES 0.3%**  |  |  |
| **BANKING & FINANCE 0.3%**  |  |  |
| **ADLER Group SA** « | 520871 | 0 |
| **AGFC Capital Trust I**<br>5.916% (US0003M + 1.750%) due 01/15/2067 | 105720000 | 70526 |
| **Brighthouse Holdings LLC**<br>6.500% due 07/27/2037 þ(k) | 5245000 | 4440 |
| **Cooperatieve Rabobank UA**<br>6.500% due 12/29/2049 þ(k) | 239054225 | 316346 |
| **Encina Private Credit LLC** « | 24670 | 0 |
| **Nationwide Building Society**<br>10.250% | 680147 | 119643 |
| **Windstream Holdings II LLC**<br>11.000% « | 39145 | 38908 |
|  |  | 549863 |
| **INDUSTRIALS 0.0%**  |  |  |
| **SVB Financial Trust**<br>11.000% due 11/07/2032 | 500 | 239 |
| Total Preferred Securities (Cost $539,353) |  | 550102 |
| **REAL ESTATE INVESTMENT TRUSTS 0.1%**  |  |  |
| **REAL ESTATE 0.1%**  |  |  |
| **VICI Properties, Inc.** | 11625222 | 326901 |
| Total Real Estate Investment Trusts (Cost $148,517) |  | 326901 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 0.8%**  |  |  |
| **REPURCHASE AGREEMENTS (m) 0.3%** |  | 589240 |
| **SHORT-TERM NOTES 0.0%**  |  |  |
| **Pagaya AI Debt Trust**<br>4.858% due 06/15/2026 | $10544 | 10550 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **NIGERIA TREASURY BILLS 0.3%**  |  |  |
| 31.678% due 06/11/2026 - 06/29/2026 (g)(h) | 879080451 | 553523 |
| **SOUTH AFRICA TREASURY BILLS 0.2%**  |  |  |
| 7.343% due 04/22/2026 - 11/18/2026 (g)(h) | 8938690 | 521138 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **U.S. TREASURY BILLS 0.0%**  | **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.818% due 01/15/2026 - 04/07/2026 (g)(h)(r) | 3.818% due 01/15/2026 - 04/07/2026 (g)(h)(r) | $43445 | 43180 |
| Total Short-Term Instruments (Cost $1,650,875) | Total Short-Term Instruments (Cost $1,650,875) |  | 1717631 |
| Total Investments in Securities (Cost $319,151,755) | Total Investments in Securities (Cost $319,151,755) |  | 316771688 |
|  |  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 6.9%**  | **INVESTMENTS IN AFFILIATES 6.9%**  |  |  |
| **COMMON STOCKS 0.2%**  | **COMMON STOCKS 0.2%**  |  |  |
| **AFFILIATED INVESTMENTS 0.2%**  | **AFFILIATED INVESTMENTS 0.2%**  |  |  |
| **AmSurg Corp. «** | **AmSurg Corp. «** | 5968052 | 268047 |
| **Clear Channel Outdoor Holdings, Inc. (f)** | **Clear Channel Outdoor Holdings, Inc. (f)** | 50862666 | 112406 |
| **iHeartMedia, Inc. Class A (f)** | **iHeartMedia, Inc. Class A (f)** | 9028024 | 37557 |
| **iHeartMedia, Inc. Class B «** | **iHeartMedia, Inc. Class B «** | 12214441 | 44715 |
| **Sierra Hamilton Holder LLC «(l)** | **Sierra Hamilton Holder LLC «(l)** | 15369768 | 2 |
| **Unity Bancorp, Inc. «** | **Unity Bancorp, Inc. «** | 6136182 | 41354 |
|  |  |  | 504081 |
| Total Common Stocks (Cost $962,053) | Total Common Stocks (Cost $962,053) |  | 504081 |
| **SHORT-TERM INSTRUMENTS 6.7%**  | **SHORT-TERM INSTRUMENTS 6.7%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.7%**  | **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.7%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | **PIMCO Short-Term Floating NAV Portfolio III** | 1492308674 | 14536579 |
| Total Short-Term Instruments (Cost $14,525,409) | Total Short-Term Instruments (Cost $14,525,409) |  | 14536579 |
| Total Investments in Affiliates (Cost $15,487,462) | Total Investments in Affiliates (Cost $15,487,462) |  | 15040660 |
| Total Investments 151.9% (Cost $334,639,217) | Total Investments 151.9% (Cost $334,639,217) |  | $331812348 |
| **Financial Derivative Instruments (o)(q) (0.0)**%(Cost or Premiums, net $2,012,330) | **Financial Derivative Instruments (o)(q) (0.0)**%(Cost or Premiums, net $2,012,330) |  | (31330) |
| Other Assets and Liabilities, net (51.9)% | Other Assets and Liabilities, net (51.9)% |  | (113293552) |
| Net Assets 100.0% | Net Assets 100.0% |  | $218487466 |
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(d)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(e)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(f)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(g)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(h)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(i)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(j)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

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

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 22 | 45 | 71 | 124 | 141 | 160 | 168 | 183 | 192 | 197 | 201 | 210 | 214 |
| **(k)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Cost | Cost |  | Market<br>Value | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 |  | 10/27/2025 | 38289 | 38289 | $ | 38289 | 38289 | 38289 | 38289 | 0.02 | % |
| AmSurg Corp. | AmSurg Corp. | AmSurg Corp. |  | 11/02/2023 - 11/06/2023 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO | BONDHOLDCO | BONDHOLDCO |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class A | BONDHOLDCO Class A | BONDHOLDCO Class A |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class B | BONDHOLDCO Class B | BONDHOLDCO Class B |  | 03/09/2012  | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class C | BONDHOLDCO Class C | BONDHOLDCO Class C |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class E | BONDHOLDCO Class E | BONDHOLDCO Class E |  | 03/09/2012  | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class F | BONDHOLDCO Class F | BONDHOLDCO Class F |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class G | BONDHOLDCO Class G | BONDHOLDCO Class G |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class H | BONDHOLDCO Class H | BONDHOLDCO Class H |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class I | BONDHOLDCO Class I | BONDHOLDCO Class I |  | 03/09/2012 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| BONDHOLDCO Class J | BONDHOLDCO Class J | BONDHOLDCO Class J |  | 12/29/2025 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| CIFI Holdings Group Co. Ltd. 0.000% due 06/30/2029 | CIFI Holdings Group Co. Ltd. 0.000% due 06/30/2029 | CIFI Holdings Group Co. Ltd. 0.000% due 06/30/2029 |  | 12/29/2025 | 1737 | 1737 |  | 1731 | 1731 | 1731 | 1731 | 0.00 |  |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 |  | 06/10/2022 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| Deloitte LLP 5.250% due 01/30/2030 | Deloitte LLP 5.250% due 01/30/2030 | Deloitte LLP 5.250% due 01/30/2030 |  | 10/30/2024 | 37300 | 37300 |  | 38067 | 38067 | 38067 | 38067 | 0.02 |  |
| Deloitte LLP 5. 410% due 01/30/2032 | Deloitte LLP 5. 410% due 01/30/2032 | Deloitte LLP 5. 410% due 01/30/2032 |  | 10/30/2024 | 36700 | 36700 |  | 37528 | 37528 | 37528 | 37528 | 0.02 |  |
| Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 |  | 12/10/2025 | 96359 | 96359 |  | 96836 | 96836 | 96836 | 96836 | 0.04 |  |
| Dreamwell, Inc. | Dreamwell, Inc. | Dreamwell, Inc. |  | 04/24/2024 | 2432 | 2432 |  | 12 | 12 | 12 | 12 | 0.00 |  |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA |  | 06/08/2023 | 790 | 790 |  | 891 | 891 | 891 | 891 | 0.00 |  |
| Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 |  | 03/11/2025 | 18500 | 18500 |  | 18702 | 18702 | 18702 | 18702 | 0.01 |  |
| Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 |  | 03/11/2025 | 12000 | 12000 |  | 12202 | 12202 | 12202 | 12202 | 0.01 |  |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. |  | 10/01/2025 | 31640 | 31640 |  | 31704 | 31704 | 31704 | 31704 | 0.01 |  |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. |  | 03/10/2023 | 4 | 4 |  | 22 | 22 | 22 | 22 | 0.00 |  |
| National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 |  | 03/14/2024 | 76800 | 76800 |  | 78563 | 78563 | 78563 | 78563 | 0.03 |  |
| Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 |  | 03/18/2025 | 60600 | 60600 |  | 60600 | 60600 | 60600 | 60600 | 0.02 |  |
| Prime Property Fund LLC 5.250% due 09/30/2029 | Prime Property Fund LLC 5.250% due 09/30/2029 | Prime Property Fund LLC 5.250% due 09/30/2029 |  | 09/17/2024 | 34500 | 34500 |  | 34642 | 34642 | 34642 | 34642 | 0.02 |  |
| Prime Property Fund LLC 5.440% due 09/30/2031 | Prime Property Fund LLC 5.440% due 09/30/2031 | Prime Property Fund LLC 5.440% due 09/30/2031 |  | 09/17/2024 | 34500 | 34500 |  | 34574 | 34574 | 34574 | 34574 | 0.02 |  |
| Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 |  | 02/28/2025 | 34800 | 34800 |  | 39425 | 39425 | 39425 | 39425 | 0.02 |  |
| Ripon Investments Financing Ltd. 0.000% due 11/29/2052 | Ripon Investments Financing Ltd. 0.000% due 11/29/2052 | Ripon Investments Financing Ltd. 0.000% due 11/29/2052 |  | 01/11/2023 - 12/04/2025 | 6587 | 6587 |  | 6523 | 6523 | 6523 | 6523 | 0.00 |  |
| SRT Issuer II LLC 0.000% due 12/02/2031 | SRT Issuer II LLC 0.000% due 12/02/2031 | SRT Issuer II LLC 0.000% due 12/02/2031 |  | 11/28/2025 | 167652 | 167652 |  | 167654 | 167654 | 167654 | 167654 | 0.08 |  |
| SSB Manufacturing Co. | SSB Manufacturing Co. | SSB Manufacturing Co. |  | 06/29/2023 | 2432 | 2432 |  | 0 | 0 | 0 | 0 | 0.00 |  |
| Sierra Hamilton Holder LLC | Sierra Hamilton Holder LLC | Sierra Hamilton Holder LLC |  | 07/31/2017 | 3896 | 3896 |  | 2 | 2 | 2 | 2 | 0.00 |  |
| Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 | Tib Finance PLC 7.111% due 11/15/2034 |  | 09/18/2024 | 60100 | 60100 |  | 60434 | 60434 | 60434 | 60434 | 0.03 |  |
| VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 |  | 01/31/2025 | 52500 | 52500 |  | 56399 | 56399 | 56399 | 56399 | 0.02 |  |
| Westmoreland Mining Holdings | Westmoreland Mining Holdings | Westmoreland Mining Holdings |  | 12/08/2014 - 03/26/2019 | 4033 | 4033 |  | 81 | 81 | 81 | 81 | 0.00 |  |
| Westmoreland Mining LLC | Westmoreland Mining LLC | Westmoreland Mining LLC |  | 06/30/2023 - 02/03/2025 | 1885 | 1885 |  | 1274 | 1274 | 1274 | 1274 | 0.00 |  |
|  |  |  |  | $ | 816036 | $ | $ | 816155 | 816155 | 816155 | 0.37%  | 0.37%  | 0.37%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(m)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value |  |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BAR | 01/16/2026 | $66322 | &nbsp;&nbsp; Barclays Bank PLC 4.050% due 09/02/2026 | &nbsp;&nbsp; Barclays Bank PLC 4.050% due 09/02/2026 | &nbsp;&nbsp; Barclays Bank PLC 4.050% due 09/02/2026 | (67131) | (67131) | 66322 | 66322 | 66322 | $ | $66325 | 66325 |
| BOS | 01/05/2026 | 60800 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (62012) | (62012) | 60800 | 60800 | 60800 |  | 60800 | 60800 |
|  | 01/02/2026 | 2900 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (2953) | (2953) | 2900 | 2900 | 2900 |  | 2901 | 2901 |
| BPS | 03/11/2026 | 459218 | &nbsp;&nbsp; AGL CLO Ltd. 5.014% due 04/20/2038 | &nbsp;&nbsp; AGL CLO Ltd. 5.014% due 04/20/2038 | &nbsp;&nbsp; AGL CLO Ltd. 5.014% due 04/20/2038 | (151590) | (151590) | 459218 | 459218 | 459218 |  | 460453 | 460453 |
|  |  |  | &nbsp;&nbsp; HPS Loan Management Ltd. 5.130% due 04/23/2038 | &nbsp;&nbsp; HPS Loan Management Ltd. 5.130% due 04/23/2038 | &nbsp;&nbsp; HPS Loan Management Ltd. 5.130% due 04/23/2038 | (50545) | (50545) |  |  |  |  |  |  |
|  |  |  | &nbsp;&nbsp; OCP CLO Ltd. 5.158% due 07/26/2038 | &nbsp;&nbsp; OCP CLO Ltd. 5.158% due 07/26/2038 | &nbsp;&nbsp; OCP CLO Ltd. 5.158% due 07/26/2038 | (202358) | (202358) |  |  |  |  |  |  |
|  |  |  | &nbsp;&nbsp; OHA Credit Funding Ltd. 4.984% due 04/20/2038 | &nbsp;&nbsp; OHA Credit Funding Ltd. 4.984% due 04/20/2038 | &nbsp;&nbsp; OHA Credit Funding Ltd. 4.984% due 04/20/2038 | (100683) | (100683) |  |  |  |  |  |  |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(637272)** | **(637272)** | **589240** | **589240** | **589240** | **$** | $**590479** | **590479** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Maturity Date |  | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BAR | BAR | 0.000%  | 0.000%  | 01/16/2026 |  | (66323) | (66323) | (66323) | (66323) | (66323) | (66323) | (66323) | (66323) |
| MYI | MYI | 0.000  | 0.000  | 01/05/2026 | EUR | (1106) | (1106) | (1106) | (1300) | (1300) | (1300) | (1300) | (1300) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **(67623)** | **(67623)** | **(67623)** | **(67623)** | **(67623)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 02/01/2056 | $511088 | 511088 | $ | (463852) | (463852) | $ | $ | (465130) | (465130) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | 32175 | 32175 |  | (24833) | (24833) |  |  | (24820) | (24820) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2041 | 200 | 200 |  | (184) | (184) |  |  | (185) | (185) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | 10700 | 10700 |  | (8697) | (8697) |  |  | (8652) | (8652) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 02/01/2056 | 13000 | 13000 |  | (10514) | (10514) |  |  | (10509) | (10509) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 6 | 21 | 33 | 37 | 64 | 76 | 89 | 93 | 110 | 123 | 137 | 144 | 155 | 166 | 170 | 179 | 190 | 209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 01/01/2056 | 01/01/2056 |  | 20900 | 20900 |  |  | (17747) | (17747) | (17672) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 02/01/2056 | 02/01/2056 |  | 189250 | 189250 |  |  | (160131) | (160131) | (159990) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 01/01/2041 | 01/01/2041 |  | 108300 | 108300 |  |  | (108137) | (108137) | (108355) |
| **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** |  |  |  |  |  |  | **$** | **$** | **(794095)** | **(794095)** | $**(795313)** |
| **(n)** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $71,870 and cash of $3,8 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(143325) at a weighted average interest rate of 0.007%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 9724 | $ | 710476 | 710476 | 710476 | $869 | 869 | 869 | 869 | $810 | 810 | 810 | 810 | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 69445 |  | 8553002 | 8553002 | 8553002 | 60421 | 60421 | 60421 | 60421 | 14977 | 14977 | 14977 | 14977 | (6552) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 304195 |  | 33249940 | 33249940 | 33249940 | (42027) | (42027) | (42027) | (42027) | 0 | 0 | 0 | 0 | (35649) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 321218 |  | 36116949 | 36116949 | 36116949 | (97218) | (97218) | (97218) | (97218) | 0 | 0 | 0 | 0 | (65249) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 8480 |  | 1000640 | 1000640 | 1000640 | (12760) | (12760) | (12760) | (12760) | 0 | 0 | 0 | 0 | (3180) |
|  |  |  |  |  |  |  |  |  |  |  | (90715) | (90715) | (90715) | $ | 15787 | 15787 | 15787 | $ | (110630) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 2667 | $ | (642164) | (642164) | (642164) | $10218 | 10218 | 10218 | 10218 | $0 | 0 | 0 | 0 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 2497 |  | (602308) | (602308) | (602308) | 8338 | 8338 | 8338 | 8338 | 63 | 63 | 63 | 63 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 11507 |  | (1570835) | (1570835) | (1570835) | 6762 | 6762 | 6762 | 6762 | 1082 | 1082 | 1082 | 1082 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 20837 |  | (3123889) | (3123889) | (3123889) | 29675 | 29675 | 29675 | 29675 | 5632 | 5632 | 5632 | 5632 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 76 |  | (9538) | (9538) | (9538) | 12 | 12 | 12 | 12 | 1 | 1 | 1 | 1 | 0 |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 64116 |  | (13386719) | (13386719) | (13386719) | (1974) | (1974) | (1974) | (1974) | 4509 | 4509 | 4509 | 4509 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 25199 |  | (2912847) | (2912847) | (2912847) | 22377 | 22377 | 22377 | 22377 | 5512 | 5512 | 5512 | 5512 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 8962 |  | (1030770) | (1030770) | (1030770) | 6727 | 6727 | 6727 | 6727 | 1680 | 1680 | 1680 | 1680 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 82135 | 82135 | 82135 | $ | 18479 | 18479 | 18479 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(8580)** | **(8580)** | **(8580)** | **$** | **34266** | **34266** | **34266** | **$** | **(110630)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Ford Motor Co.  | Ford Motor Co.  | 5.000% | 06/20/2026 | 0.432 | 0.432 | $5800 | 5800 | $(317) | (317) | $ | 184 | $ | $(133) | (133) | (133) | (133) | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 1.000% | 06/20/2026 | 0.246 | 0.246 | $5700 | 5700 | $88 | 88 | $ | (66) | $ | $22 | 22 | 22 | 22 | $0 | 0 | $0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 06/20/2028 | 0.414 | 0.414 | 23900 | 23900 | (48) | (48) |  | 388 |  | 340 | 340 | 340 | 340 | 0 | 0 | (6) |
| Boeing Co.  | Boeing Co.  | 1.000 | 12/20/2029 | 0.532 | 0.532 | 1000 | 1000 | (8) | (8) |  | 26 |  | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
| Boeing Co.  | Boeing Co.  | 1.000 | 12/20/2030 | 0.651 | 0.651 | 37600 | 37600 | 658 | 658 |  | (52) |  | 606 | 606 | 606 | 606 | 6 | 6 | 0 |
| Ford Motor Co.  | Ford Motor Co.  | 5.000 | 06/20/2026 | 0.509 | 0.509 | 6700 | 6700 | 744 | 744 |  | (593) |  | 151 | 151 | 151 | 151 | 1 | 1 | 0 |
| Ford Motor Co.  | Ford Motor Co.  | 5.000 | 12/20/2026 | 0.668 | 0.668 | 8800 | 8800 | 1089 | 1089 |  | (710) |  | 379 | 379 | 379 | 379 | 1 | 1 | 0 |
| Ford Motor Co.  | Ford Motor Co.  | 5.000 | 06/20/2027 | 0.807 | 0.807 | 16700 | 16700 | 1581 | 1581 |  | (552) |  | 1029 | 1029 | 1029 | 1029 | 0 | 0 | (6) |
| Ford Motor Credit Co. LLC  | Ford Motor Credit Co. LLC  | 5.000 | 06/20/2027 | 0.778 | 0.778 | 47500 | 47500 | 4865 | 4865 |  | (1915) |  | 2950 | 2950 | 2950 | 2950 | 0 | 0 | (6) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 6 | 11 | 13 | 16 | 18 | 21 | 31 | 33 | 34 | 55 | 60 | 64 | 91 | 105 | 117 | 137 | 170 | 180 | 195 | 210 |
| General Electric Co.  | General Electric Co.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.051 | 0.051 |  |  | 44800 | 471 |  | (258) |  | 213 | 1 |  | 0 |
| General Electric Co.  | General Electric Co.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.064 | 0.064 |  |  | 8900 | 99 |  | (16) |  | 83 | 0 |  | 0 |
| Rolls-Royce PLC  | Rolls-Royce PLC  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.088 | 0.088 |  | EUR | 55200 | (1884) |  | 2183 |  | 299 | 3 |  | 0 |
| Rolls-Royce PLC  | Rolls-Royce PLC  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.109 | 0.109 |  |  | 244400 | (10378) |  | 12949 |  | 2571 | 12 |  | 0 |
| Rolls-Royce PLC  | Rolls-Royce PLC  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.142 | 0.142 |  |  | 28700 | (2120) |  | 2553 |  | 433 | 0 |  | (4) |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 |  | $ | $13300 | 302 |  | (250) |  | 52 | 1 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.287 | 0.287 |  |  | 62700 | 1390 |  | (942) |  | 448 | 4 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.324 | 0.324 |  |  | 6600 | 0 |  | 66 |  | 66 | 0 |  | (1) |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.392 | 0.392 |  |  | 51600 | (104) |  | 866 |  | 762 | 0 |  | (2) |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.425 | 0.425 |  |  | 10000 | (46) |  | 212 |  | 166 | 2 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3301) | (3301) | 13889 | 13889 | 10588 | $31 | 31 | $(25) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | 1.000% | 1.000% | 1.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | $ | $1472 | 1472 | (48) | $ | 54 | $ | 6 | 0 | $ | 0 |
| CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 |  | 1050548 | 1050548 | (42180) |  | 48558 |  | 6378 | 0 |  | (55) |
| CDX.EM-37 5-Year Index  | CDX.EM-37 5-Year Index  | CDX.EM-37 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 |  | 18081 | 18081 | (1487) |  | 1616 |  | 129 | 0 |  | (9) |
| CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 |  | 103850 | 103850 | (8556) |  | 9408 |  | 852 | 0 |  | (40) |
| CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 |  | 20100 | 20100 | (1363) |  | 1514 |  | 151 | 0 |  | (6) |
| CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 |  | 324300 | 324300 | (17949) |  | 19908 |  | 1959 | 0 |  | (74) |
| CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 |  | 112200 | 112200 | (3866) |  | 4262 |  | 396 | 0 |  | (7) |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  | 152600 | 152600 | (4431) |  | 4546 |  | 115 | 12 |  | 0 |
| CDX.EM-43 5-Year Index  | CDX.EM-43 5-Year Index  | CDX.EM-43 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  | 11500 | 11500 | (412) |  | 356 |  | (56) | 2 |  | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 88900 | 88900 | (1938) |  | 1009 |  | (929) | 26 |  | 0 |
| CDX.HY-36 5-Year Index  | CDX.HY-36 5-Year Index  | CDX.HY-36 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 |  | 713856 | 713856 | 17256 |  | (5573) |  | 11683 | 76 |  | 0 |
| CDX.HY-37 5-Year Index  | CDX.HY-37 5-Year Index  | CDX.HY-37 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 |  | 292992 | 292992 | 7110 |  | 2759 |  | 9869 | 0 |  | (277) |
| CDX.HY-38 5-Year Index  | CDX.HY-38 5-Year Index  | CDX.HY-38 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 |  | 55997 | 55997 | 84 |  | 2504 |  | 2588 | 0 |  | (49) |
| CDX.HY-39 5-Year Index  | CDX.HY-39 5-Year Index  | CDX.HY-39 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 |  | 52050 | 52050 | (630) |  | 3712 |  | 3082 | 0 |  | (36) |
| CDX.HY-40 5-Year Index  | CDX.HY-40 5-Year Index  | CDX.HY-40 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 |  | 26558 | 26558 | 0 |  | 1820 |  | 1820 | 0 |  | (18) |
| CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 |  | 9306 | 9306 | 115 |  | 590 |  | 705 | 0 |  | (2) |
| CDX.HY-42 5-Year Index  | CDX.HY-42 5-Year Index  | CDX.HY-42 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 |  | 13205 | 13205 | 700 |  | 384 |  | 1084 | 0 |  | (8) |
| CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  | 532560 | 532560 | 37583 |  | 3676 |  | 41259 | 0 |  | (293) |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  | 156180 | 156180 | 3826 |  | 8794 |  | 12620 | 0 |  | (67) |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 4342410 | 4342410 | 330880 |  | 6657 |  | 337537 | 0 |  | (1797) |
| CDX.IG-37 5-Year Index  | CDX.IG-37 5-Year Index  | CDX.IG-37 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 |  | 2800 | 2800 | 62 |  | (39) |  | 23 | 0 |  | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  | 719400 | 719400 | 9194 |  | 7160 |  | 16354 | 6 |  | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 3486590 | 3486590 | 78495 |  | 1520 |  | 80015 | 50 |  | 0 |
| iTraxx Main 44 5-Year Index  | iTraxx Main 44 5-Year Index  | iTraxx Main 44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | 1076110 | 1076110 | 27380 |  | 2216 |  | 29596 | 333 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 429825 | $ | 127411 | $ | 557236 | 505 | $ | (2738) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset |  | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | 3.750% | Annual | Annual | 09/17/2030 | GBP | GBP | 7776500 | $(34929) | (34929) | $78072 | 78072 | 43143 | 8773 | $ | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 0.750 | 0.750 | 0.750 | Annual | Annual | 09/21/2032 |  |  | 556500 | 46561 | 46561 | 93210 | 93210 | 139771 | 0 |  | (502) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.700 | 3.700 | 3.700 | Annual | Annual | 03/28/2034 |  |  | 47000 | (200) | (200) | 1223 | 1223 | 1023 | 0 |  | (58) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | 4.000 | Annual | Annual | 09/17/2035 |  |  | 255300 | 5369 | 5369 | (5991) | (5991) | (622) | 0 |  | (349) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 0.750 | 0.750 | 0.750 | Annual | Annual | 09/21/2052 |  |  | 500150 | (1189) | (1189) | 399741 | 399741 | 398552 | 0 |  | (489) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | 4.500 | Annual | Annual | 09/17/2055 |  |  | 3360 | 159 | 159 | (198) | (198) | (39) | 0 |  | (9) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | 0.000 | 0.000 | Semi-Annual | Semi-Annual | 09/20/2026 | JPY | JPY | 155370000 | (15083) | (15083) | 23073 | 23073 | 7990 | 17 |  | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.176 | Annual | 04/27/2027 | 45730000 | (2247) | (1437) | (3684) | 0 | (48) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.020 | Semi-Annual | 09/20/2028 | 275310000 | 859 | 65444 | 66303 | 1559 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | Semi-Annual | 03/15/2029 | 1037000000 | 10945 | 289124 | 300069 | 6995 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.700 | Annual | 09/18/2029 | 487930000 | 6321 | 69805 | 76126 | 3570 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | Annual | 06/15/2032 | 93523200 | 560 | 44201 | 44761 | 1110 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/18/2034 | 251200000 | 14320 | 84780 | 99100 | 3448 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2035 | 41566000 | (8641) | 21122 | 12481 | 564 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 03/15/2042 | 45656000 | 44542 | 28616 | 73158 | 515 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.711 | Annual | 04/27/2042 | 11112000 | 4659 | 11141 | 15800 | 128 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.600 | Annual | 01/16/2026 | $1948100 | 24790 | 28837 | 53627 | 282 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.300 | Annual | 01/17/2026 | 1401600 | 301 | 28453 | 28754 | 148 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | 6228000 | 46405 | (44217) | 2188 | 0 | (198) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/21/2026 | 233830 | 3897 | (2817) | 1080 | 20 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.590 | Annual | 07/23/2026 | 1277500 | 17566 | (1166) | 16400 | 177 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.645 | Annual | 07/24/2026 | 1955700 | 27967 | (3990) | 23977 | 267 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.243 | Annual | 08/07/2026 | 605500 | 8174 | 1420 | 9594 | 101 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 12/20/2026 | 262500 | 360 | (1758) | (1398) | 49 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.380 | Semi-Annual | 01/04/2027 | 415700 | (35297) | 24156 | (11141) | 0 | (163) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.570 | Semi-Annual | 01/11/2027 | 246000 | (19628) | 13837 | (5791) | 0 | (88) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.570 | Semi-Annual | 01/12/2027 | 152500 | (12177) | 8560 | (3617) | 0 | (55) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.425 | Semi-Annual | 01/18/2027 | 287000 | (24222) | 16868 | (7354) | 0 | (105) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.443 | Semi-Annual | 01/18/2027 | 69300 | (5818) | 4060 | (1758) | 0 | (28) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.418 | Semi-Annual | 01/20/2027 | 146200 | (12381) | 8594 | (3787) | 0 | (55) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.550 | Semi-Annual | 01/20/2027 | 956100 | (91992) | 69086 | (22906) | 0 | (347) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.600 | Semi-Annual | 02/15/2027 | 218900 | (17689) | 12828 | (4861) | 0 | (83) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.580 | Semi-Annual | 02/16/2027 | 301850 | (29094) | 22262 | (6832) | 0 | (114) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.928 | Annual | 03/25/2027 | 324900 | (20928) | 9198 | (11730) | 0 | (125) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.788 | Annual | 05/03/2027 | 230500 | (16197) | 7618 | (8579) | 0 | (98) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 05/13/2027 | 4602700 | 6299 | (2726) | 3573 | 0 | (1320) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2027 | 1353910 | 60418 | 8885 | 69303 | 628 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2027 | 1141300 | 83500 | (41903) | 41597 | 498 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.250 | Annual | 06/17/2027 | 475000 | (21295) | 8658 | (12637) | 0 | (208) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.370 | Annual | 06/21/2027 | 326200 | (17356) | 9529 | (7827) | 0 | (142) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.605 | Annual | 06/28/2027 | 323400 | (10029) | 3843 | (6186) | 0 | (139) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.880 | Annual | 09/30/2027 | 832600 | (31564) | 22750 | (8814) | 0 | (422) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.900 | Annual | 10/04/2027 | 1290000 | (24936) | 12037 | (12899) | 0 | (657) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.550 | Semi-Annual | 12/18/2027 | 467500 | (343) | 27964 | 27621 | 343 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2027 | 386810 | 27642 | (17753) | 9889 | 229 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 03/10/2028 | 197000 | (907) | 2099 | 1192 | 0 | (128) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.638 | Annual | 05/31/2028 | 8700 | 0 | (32) | (32) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 17500 | 0 | (73) | (73) | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | 05/31/2028 | 6300 | 0 | (54) | (54) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2028 | 2000 | (7) | (8) | (15) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2028 | 4886285 | 34553 | 2110 | 36663 | 0 | (3526) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 1844111 | 49187 | (36398) | 12789 | 1409 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.700 | Annual | 07/21/2028 | 165400 | (8264) | 4616 | (3648) | 0 | (137) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.675 | Annual | 07/24/2028 | 168000 | (8579) | 4767 | (3812) | 0 | (140) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.748 | Annual | 07/25/2028 | 253100 | (12159) | 6954 | (5205) | 0 | (210) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.468 | Annual | 07/27/2028 | 164800 | (9863) | 5158 | (4705) | 0 | (139) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 09/05/2028 | 291300 | (1056) | 4272 | 3216 | 0 | (239) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.510 | Annual | 11/30/2028 | 101680 | 0 | (455) | (455) | 93 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/30/2028 | 152270 | 0 | (699) | (699) | 139 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 1157596 | 5177 | (18594) | (13417) | 1071 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.518 | Semi-Annual | 01/20/2029 | 86750 | (8272) | 2817 | (5455) | 0 | (101) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.630 | Semi-Annual | 01/20/2029 | 120300 | (13896) | 6780 | (7116) | 0 | (140) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.630 | Semi-Annual | 01/26/2029 | 144450 | (16714) | 8220 | (8494) | 0 | (168) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 02/22/2029 | 310100 | (744) | 5208 | 4464 | 0 | (312) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 02/27/2029 | 105000 | (247) | 1889 | 1642 | 0 | (106) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 02/28/2029 | 444540 | (586) | 5087 | 4501 | 492 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2029 | 429370 | (13903) | 2370 | (11533) | 471 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2029 | 931450 | 67824 | 20559 | 88383 | 1182 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2029 | 4021540 | 218355 | 48440 | 266795 | 4912 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 7592290 | (21879) | (52858) | (74737) | 8812 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 07/12/2029 | 611000 | 3603 | (3062) | 541 | 0 | (765) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 11/30/2029 | 3523991 | (4308) | (24439) | (28747) | 4544 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 10590940 | (117413) | (22455) | (139868) | 13851 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2029 | 1833235 | 180095 | (84192) | 95903 | 2604 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 298600 | (586) | (3290) | (3876) | 414 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2030 | 3164010 | 134190 | (50537) | 83653 | 4511 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 193090 | 1129 | 1318 | 2447 | 289 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 5206670 | 64926 | 61200 | 126126 | 7840 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/22/2030 | 335900 | (6539) | 6238 | (301) | 0 | (502) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.650 | Semi-Annual | 07/15/2030 | 1390000 | 4653 | 182002 | 186655 | 2249 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.711 | Semi-Annual | 07/28/2030 | 129300 | 25490 | (8531) | 16959 | 210 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.678 | Semi-Annual | 07/29/2030 | 122100 | 24301 | (8115) | 16186 | 198 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.674 | Semi-Annual | 08/05/2030 | 119100 | 23799 | (8006) | 15793 | 194 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 08/22/2030 | 47200 | (103) | 776 | 673 | 0 | (72) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 422200 | (7111) | 1857 | (5254) | 657 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.685 | Semi-Annual | 09/24/2030 | 150000 | 30405 | (10718) | 19687 | 249 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.725 | Semi-Annual | 09/25/2030 | 150000 | 30062 | (10739) | 19323 | 249 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.610 | Semi-Annual | 10/01/2030 | 150000 | 31144 | (9332) | 21812 | 250 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | 10/31/2030 | 61554 | 0 | (221) | (221) | 98 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.547 | Annual | 10/31/2030 | 152700 | 0 | (556) | (556) | 243 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 10/31/2030 | 123500 | 0 | (470) | (470) | 196 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.572 | Annual | 10/31/2030 | 120900 | 0 | (584) | (584) | 192 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 10/31/2030 | 219000 | 0 | (1151) | (1151) | 348 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 | 164600 | 0 | (968) | (968) | 262 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 | 287200 | 0 | (1765) | (1765) | 456 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.602 | Annual | 10/31/2030 | 268800 | 0 | (1672) | (1672) | 427 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.606 | Annual | 10/31/2030 | 123000 | 0 | (787) | (787) | 195 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 | 121200 | 0 | (871) | (871) | 193 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 | 79200 | 0 | (717) | (717) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 | 63600 | 0 | (614) | (614) | 101 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.687 | Annual | 10/31/2030 | 102100 | 0 | (1034) | (1034) | 162 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 | 183100 | 0 | (1871) | (1871) | 291 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 | 127100 | 0 | (1310) | (1310) | 202 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.721 | Annual | 10/31/2030 | 79200 | 0 | (928) | (928) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 | 79700 | 0 | (935) | (935) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.727 | Annual | 10/31/2030 | 79700 | 0 | (953) | (953) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.732 | Annual | 10/31/2030 | 50200 | 0 | (612) | (612) | 80 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 79700 | 0 | (984) | (984) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 79400 | 0 | (995) | (995) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.749 | Annual | 10/31/2030 | 79700 | 0 | (1035) | (1035) | 126 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2030 | 219500 | 41566 | (13955) | 27611 | 371 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 1112680 | (21216) | 6387 | (14829) | 1799 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.700 | Semi-Annual | 12/18/2030 | 757500 | 27068 | 78492 | 105560 | 1279 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 | 3023360 | 59184 | (64751) | (5567) | 4907 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 502170 | (1552) | 687 | (865) | 817 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2031 | 473880 | (21722) | 4530 | (17192) | 795 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | 04/30/2031 | 103800 | 0 | 1478 | 1478 | 178 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | 04/30/2031 | 173510 | 0 | 1440 | 1440 | 294 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 05/13/2031 | 3309700 | (279) | (5501) | (5780) | 0 | (5674) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 243400 | 11752 | 24999 | 36751 | 427 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 6260230 | 69407 | (7715) | 61692 | 0 | (10843) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 4540220 | (19339) | (26671) | (46010) | 7772 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/30/2031 | 318670 | 22 | 4688 | 4710 | 555 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.370 | Semi-Annual | 07/19/2031 | 54100 | 9691 | (2990) | 6701 | 97 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.360 | Semi-Annual | 07/20/2031 | 178300 | 32057 | (9874) | 22183 | 320 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 737500 | 1053 | (9929) | (8876) | 1297 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.735 | Semi-Annual | 01/12/2032 | 42350 | (378) | (4457) | (4835) | 0 | (79) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.655 | Semi-Annual | 01/24/2032 | 144550 | (2262) | (14922) | (17184) | 0 | (270) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.650 | Annual | 02/08/2032 | 182700 | (27818) | 4478 | (23340) | 0 | (326) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.770 | Annual | 02/14/2032 | 127720 | (18423) | 3076 | (15347) | 0 | (228) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 02/18/2032 | 262800 | (29548) | 3757 | (25791) | 0 | (494) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.730 | Annual | 02/24/2032 | 172450 | (25414) | 4320 | (21094) | 0 | (308) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 2456150 | 97137 | (36189) | 60948 | 4392 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.872 | Annual | 04/06/2032 | 324550 | (45166) | 8754 | (36412) | 0 | (581) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 3553440 | (3570) | (31868) | (35438) | 6382 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.900 | Semi-Annual | 05/18/2032 | 5143500 | (37783) | 619122 | 581339 | 9387 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Annual | 06/15/2032 | 44875 | 8386 | (1661) | 6725 | 81 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 413273 | 62250 | (13216) | 49034 | 781 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2032 | 293700 | 3783 | 3097 | 6880 | 530 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 07/12/2032 | 651050 | (535) | (4453) | (4988) | 0 | (1243) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2032 | 1534660 | (32789) | 18560 | (14229) | 2803 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.542 | Annual | 11/15/2032 | 352900 | 0 | 819 | 819 | 637 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.570 | Annual | 11/15/2032 | 282720 | 0 | 189 | 189 | 511 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 11/15/2032 | 212070 | 0 | (1) | (1) | 383 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.592 | Annual | 11/15/2032 | 566030 | 0 | (344) | (344) | 1023 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 2771070 | (48437) | 22007 | (26430) | 5125 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 | 2041770 | 202158 | 1065 | 203223 | 3997 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 03/18/2033 | 1157480 | (11136) | 1038 | (10098) | 2141 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 05/22/2033 | 7665070 | 44541 | 54106 | 98647 | 14624 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 06/06/2033 | 5784570 | (256973) | 248267 | (8706) | 11092 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/14/2033 | 340200 | (14842) | 5739 | (9103) | 0 | (651) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 1192605 | 80322 | (22703) | 57619 | 2411 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/21/2033 | 223900 | (6237) | 3437 | (2800) | 0 | (430) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 07/10/2033 | 117200 | (1886) | 1683 | (203) | 0 | (226) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 07/12/2033 | 112600 | (914) | 1524 | 610 | 0 | (218) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.730 | Annual | 08/03/2033 | 59500 | (584) | 833 | 249 | 0 | (116) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 08/07/2033 | 64000 | (604) | 894 | 290 | 0 | (124) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.760 | Annual | 08/23/2033 | 188900 | (1410) | 2637 | 1227 | 0 | (369) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 08/30/2033 | 95000 | (404) | 1289 | 885 | 0 | (186) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 08/30/2033 | 239500 | 911 | 3007 | 3918 | 0 | (469) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 09/13/2033 | 282100 | 2212 | 3445 | 5657 | 0 | (554) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.165 | Annual | 09/27/2033 | 222000 | 5617 | 2194 | 7811 | 0 | (439) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.155 | Annual | 10/02/2033 | 159000 | 3897 | 1585 | 5482 | 0 | (315) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.170 | Annual | 10/03/2033 | 157500 | 4054 | 1543 | 5597 | 0 | (312) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 10/04/2033 | 200700 | 2883 | 2280 | 5163 | 0 | (397) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.175 | Annual | 10/10/2033 | 93700 | 2454 | 908 | 3362 | 0 | (186) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 10/12/2033 | 97400 | 2352 | 973 | 3325 | 0 | (193) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 10/18/2033 | 78200 | 2211 | 734 | 2945 | 0 | (155) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.220 | Annual | 10/20/2033 | 98300 | 2940 | 899 | 3839 | 0 | (196) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.230 | Annual | 10/23/2033 | 49200 | 1513 | 443 | 1956 | 0 | (98) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.255 | Annual | 10/23/2033 | 49200 | 1613 | 429 | 2042 | 0 | (98) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.393 | Annual | 10/25/2033 | 46000 | 2026 | 326 | 2352 | 0 | (92) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.450 | Annual | 10/31/2033 | 56700 | (207) | 3335 | 3128 | 0 | (113) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.435 | Annual | 11/01/2033 | 52000 | (212) | 3026 | 2814 | 0 | (104) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.450 | Annual | 11/01/2033 | 100800 | (423) | 5983 | 5560 | 0 | (202) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 11/22/2033 | 103100 | (469) | (3762) | (4231) | 207 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 12/15/2033 | 103200 | (450) | (2187) | (2637) | 208 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 12/19/2033 | 102600 | (431) | (1614) | (2045) | 207 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 890960 | (27654) | 17434 | (10220) | 0 | (1801) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 12/26/2033 | 51800 | (220) | (418) | (638) | 104 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.854 | Annual | 12/29/2033 | 105100 | (451) | (929) | (1380) | 212 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 51600 | (223) | 226 | 3 | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 51600 | (223) | (21) | (244) | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 51600 | (236) | 509 | 273 | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 103600 | (471) | 1318 | 847 | 210 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.670 | Annual | 01/08/2034 | 105300 | (495) | 1167 | 672 | 214 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.594 | Annual | 01/09/2034 | 105000 | 0 | 1303 | 1303 | 213 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 100400 | (459) | 1650 | 1191 | 204 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 01/23/2034 | 52100 | (217) | 161 | (56) | 0 | (106) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.738 | Annual | 01/23/2034 | 31300 | (131) | 105 | (26) | 0 | (64) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 01/24/2034 | 52000 | (213) | (173) | (386) | 0 | (106) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.665 | Annual | 01/24/2034 | 103700 | (420) | (268) | (688) | 0 | (211) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.685 | Annual | 01/24/2034 | 104100 | (427) | (98) | (525) | 0 | (212) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 01/31/2034 | 51100 | (221) | (297) | (518) | 0 | (104) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.725 | Annual | 02/07/2034 | 51000 | (256) | 167 | (89) | 0 | (104) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.783 | Annual | 02/07/2034 | 41000 | (206) | 323 | 117 | 0 | (84) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 02/21/2034 | 207200 | (927) | 2809 | 1882 | 0 | (426) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 03/05/2034 | 106500 | (453) | (343) | (796) | 0 | (219) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 03/05/2034 | 53400 | (203) | 16 | (187) | 0 | (110) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.710 | Annual | 03/05/2034 | 105800 | (394) | 107 | (287) | 0 | (218) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/10/2034 | 107500 | (403) | 1755 | 1352 | 0 | (224) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/15/2034 | 52700 | (199) | 863 | 664 | 0 | (110) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 04/16/2034 | 106800 | (368) | 2136 | 1768 | 0 | (223) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 04/17/2034 | 107000 | (364) | 3234 | 2870 | 0 | (224) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 04/22/2034 | 107000 | (423) | 3336 | 2913 | 0 | (225) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 04/22/2034 | 108800 | (379) | 3898 | 3519 | 0 | (229) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.105 | Annual | 04/24/2034 | 219100 | (728) | 7042 | 6314 | 0 | (460) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.078 | Annual | 04/29/2034 | 106500 | (305) | 3151 | 2846 | 0 | (224) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 04/30/2034 | 319800 | (898) | 9749 | 8851 | 0 | (672) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 05/03/2034 | 105800 | (286) | 3550 | 3264 | 0 | (223) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 05/06/2034 | 162700 | (529) | 6442 | 5913 | 0 | (344) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 06/05/2034 | 108900 | (440) | (2502) | (2942) | 231 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 1168910 | (31612) | 32785 | 1173 | 0 | (2533) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.994 | Annual | 07/02/2034 | 161600 | (493) | (2800) | (3293) | 345 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 107000 | (349) | (2384) | (2733) | 229 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 | 217900 | (665) | (1846) | (2511) | 465 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.885 | Annual | 07/12/2034 | 167900 | (571) | (1436) | (2007) | 359 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 08/05/2034 | 109800 | (423) | (598) | (1021) | 236 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.795 | Annual | 08/06/2034 | 109900 | (434) | (119) | (553) | 236 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | 08/07/2034 | 109700 | (373) | 1102 | 729 | 235 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/07/2034 | 109900 | (437) | 568 | 131 | 236 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 109300 | (402) | 835 | 433 | 235 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.569 | Annual | 08/14/2034 | 109300 | (361) | 1728 | 1367 | 234 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.586 | Annual | 08/19/2034 | 165300 | (579) | 2427 | 1848 | 355 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 52600 | (187) | 738 | 551 | 113 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 109400 | (388) | 2068 | 1680 | 234 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 08/21/2034 | 164600 | (593) | 2886 | 2293 | 353 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 | 108700 | (370) | 1817 | 1447 | 233 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 | 109200 | (390) | 1375 | 985 | 234 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 | 110200 | (408) | 1894 | 1486 | 237 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 | 110200 | (397) | 1797 | 1400 | 237 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 | 109900 | (396) | 1502 | 1106 | 236 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 08/28/2034 | 206700 | (845) | 2909 | 2064 | 444 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 | 66600 | (265) | 904 | 639 | 143 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 109900 | (401) | 1131 | 730 | 236 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 55300 | (209) | 1318 | 1109 | 119 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 | 109500 | (415) | 2236 | 1821 | 235 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 | 110100 | (413) | 2150 | 1737 | 237 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 | 104200 | (412) | 3005 | 2593 | 224 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 | 110300 | (436) | 3159 | 2723 | 237 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 55100 | (264) | 2384 | 2120 | 118 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 | 55500 | (254) | 2352 | 2098 | 119 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 | 14600 | (64) | 573 | 509 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | 09/16/2034 | 206500 | (893) | 8059 | 7166 | 443 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 | 110600 | (393) | 4644 | 4251 | 237 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 | 110000 | (395) | 4478 | 4083 | 236 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 10/11/2034 | 114400 | (416) | (2020) | (2436) | 0 | (248) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 10/15/2034 | 114500 | (408) | (2704) | (3112) | 0 | (248) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.385 | Annual | 10/17/2034 | 115300 | (392) | (2648) | (3040) | 0 | (250) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.395 | Annual | 10/17/2034 | 172400 | (578) | (3834) | (4412) | 0 | (373) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.400 | Annual | 10/17/2034 | 57600 | (193) | (1259) | (1452) | 0 | (125) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.446 | Annual | 10/23/2034 | 115200 | (323) | (2167) | (2490) | 0 | (250) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.463 | Annual | 10/23/2034 | 114400 | (340) | (1983) | (2323) | 0 | (248) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.481 | Annual | 10/29/2034 | 114500 | (358) | (1806) | (2164) | 0 | (249) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.465 | Annual | 10/30/2034 | 230500 | (744) | (3891) | (4635) | 0 | (501) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.485 | Annual | 10/30/2034 | 192200 | (629) | (2939) | (3568) | 0 | (418) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.495 | Annual | 10/30/2034 | 115800 | (371) | (1689) | (2060) | 0 | (252) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.455 | Annual | 11/01/2034 | 192200 | (639) | (3364) | (4003) | 0 | (418) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 11/01/2034 | 192200 | (639) | (3142) | (3781) | 0 | (418) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.435 | Annual | 11/05/2034 | 192700 | (694) | (3629) | (4323) | 0 | (419) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 62 | 91 | 117 | 146 | 179 | 209 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.535 | Annual | 11/06/2034 | 385500 | (1311) | (4353) | (5664) | 0 | (841) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 11/14/2034 | 195000 | (760) | 2780 | 2020 | 0 | (429) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.793 | Annual | 11/19/2034 | 195100 | (868) | 1865 | 997 | 0 | (429) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.855 | Annual | 11/19/2034 | 98100 | (440) | 1414 | 974 | 0 | (216) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 26840 | 764 | (719) | 45 | 0 | (59) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 51300 | (273) | 219 | (54) | 119 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 12/30/2034 | 119400 | (382) | 2603 | 2221 | 0 | (266) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.933 | Annual | 01/06/2035 | 119100 | (378) | 1744 | 1366 | 0 | (266) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 | 118900 | (312) | 720 | 408 | 0 | (266) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 | 59800 | (157) | 414 | 257 | 0 | (134) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 01/08/2035 | 99700 | (274) | 1049 | 775 | 0 | (223) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.896 | Annual | 01/08/2035 | 119200 | (346) | 1335 | 989 | 0 | (266) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 | 118500 | (318) | 1343 | 1025 | 0 | (265) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 01/13/2035 | 209600 | (572) | 2014 | 1442 | 0 | (469) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 01/15/2035 | 59700 | (161) | 1039 | 878 | 0 | (134) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.013 | Annual | 01/15/2035 | 182500 | (504) | 3873 | 3369 | 0 | (410) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 | 119700 | (329) | 3141 | 2812 | 0 | (269) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 | 60000 | (168) | 1729 | 1561 | 0 | (135) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 | 119900 | (327) | 3345 | 3018 | 0 | (270) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 60150 | (231) | (250) | (481) | 136 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 120600 | (435) | (715) | (1150) | 273 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 60300 | (213) | (167) | (380) | 136 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 120600 | (420) | (382) | (802) | 272 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 119700 | (355) | (765) | (1120) | 271 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 199600 | (569) | (2508) | (3077) | 453 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 241600 | (710) | (2075) | (2785) | 548 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 121100 | (351) | (567) | (918) | 275 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 | 243100 | (1185) | 283 | (902) | 0 | (554) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 183360 | 4608 | 3876 | 8484 | 415 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 | 122400 | (362) | 2804 | 2442 | 282 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 350400 | (2976) | 4065 | 1089 | 812 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 267050 | (4500) | 5419 | 919 | 621 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | 11/15/2049 | 51390 | 0 | 6508 | 6508 | 158 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.464 | Annual | 11/15/2049 | 68390 | 0 | 7657 | 7657 | 212 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.527 | Annual | 11/15/2049 | 27170 | 0 | 2776 | 2776 | 85 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.900 | Semi-Annual | 03/12/2050 | 1085000 | 7579 | 586355 | 593934 | 2408 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.950 | Semi-Annual | 12/11/2050 | 1343300 | 5165 | 735145 | 740310 | 2983 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.150 | Semi-Annual | 03/30/2051 | 3900 | 796 | 1265 | 2061 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 04/07/2051 | 66100 | 9153 | 22602 | 31755 | 163 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/16/2051 | 3516800 | 591007 | 1196335 | 1787342 | 8357 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.785 | Semi-Annual | 08/12/2051 | 89100 | 34101 | 3680 | 37781 | 222 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 06/15/2052 | 75000 | 39117 | 2866 | 41983 | 164 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 54400 | 18804 | 3364 | 22168 | 138 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 55 | 62 | 91 | 117 | 146 | 179 | 209 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.975 | Semi-Annual | 06/17/2052 |  | 97800 | 41087 | 14036 | 55123 | 214 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.025 | Semi-Annual | 06/22/2052 |  | 75000 | 38806 | 2847 | 41653 | 166 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.035 | Semi-Annual | 06/28/2052 |  | 48500 | 5217 | 21618 | 26835 | 107 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 11/15/2052 |  | 1156093 | (2170) | 18543 | 16373 | 3932 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 |  | 724700 | 175728 | 112717 | 288445 | 1842 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 02/23/2053 |  | 56400 | (6615) | (4129) | (10744) | 0 | (172) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.370 | Annual | 07/12/2053 |  | 77700 | (5123) | (5528) | (10651) | 0 | (246) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.550 | Annual | 07/21/2053 |  | 42100 | (8856) | (2759) | (11615) | 0 | (120) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.537 | Annual | 07/24/2053 |  | 41900 | (8910) | (2737) | (11647) | 0 | (119) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.508 | Annual | 07/25/2053 |  | 64400 | (14023) | (4193) | (18216) | 0 | (183) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.830 | Annual | 10/12/2053 |  | 31400 | 505 | (2317) | (1812) | 0 | (105) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 10/16/2053 |  | 31800 | 794 | (2361) | (1567) | 0 | (106) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 |  | 30800 | 715 | (2284) | (1569) | 0 | (103) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 11/15/2053 |  | 112780 | (612) | 17227 | 16615 | 353 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.141 | Annual | 11/15/2053 |  | 125780 | 0 | 825 | 825 | 433 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.143 | Annual | 11/15/2053 |  | 50480 | 0 | 317 | 317 | 174 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.161 | Annual | 11/15/2053 |  | 126440 | 0 | 420 | 420 | 437 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 03/05/2054 |  | 42500 | (364) | (4291) | (4655) | 0 | (137) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 1106590 | 110060 | 17616 | 127676 | 3517 | 0 |
| Pay | 1-Year BRL-CDI | 9.874 | Maturity | 01/02/2026 | BRL | 608600 | (896) | (5755) | (6651) | 0 | (5) |
| Pay | 1-Year BRL-CDI | 9.899 | Maturity | 01/02/2026 |  | 307400 | (426) | (2901) | (3327) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 9.939 | Maturity | 01/02/2026 |  | 508300 | (614) | (4778) | (5392) | 0 | (4) |
| Pay | 1-Year BRL-CDI | 10.052 | Maturity | 01/02/2026 |  | 1282200 | (1118) | (11961) | (13079) | 0 | (10) |
| Pay | 1-Year BRL-CDI | 10.085 | Maturity | 01/02/2026 |  | 1272700 | (990) | (11846) | (12836) | 0 | (9) |
| Pay | 1-Year BRL-CDI | 10.105 | Maturity | 01/02/2026 |  | 1260600 | (945) | (11726) | (12671) | 0 | (9) |
| Pay | 1-Year BRL-CDI | 9.998 | Maturity | 01/04/2027 |  | 920300 | (1059) | (12822) | (13881) | 0 | (8) |
| Pay | 1-Year BRL-CDI | 10.037 | Maturity | 01/04/2027 |  | 227200 | (218) | (3156) | (3374) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 10.041 | Maturity | 01/04/2027 |  | 1041400 | (1033) | (14474) | (15507) | 0 | (9) |
| Pay | 1-Year BRL-CDI | 10.072 | Maturity | 01/04/2027 |  | 759770 | 0 | (9604) | (9604) | 0 | (5) |
| Pay | 1-Year BRL-CDI | 10.090 | Maturity | 01/04/2027 |  | 1963600 | (1584) | (27212) | (28796) | 0 | (16) |
| Pay | 1-Year BRL-CDI | 10.098 | Maturity | 01/04/2027 |  | 2297450 | 0 | (28771) | (28771) | 0 | (15) |
| Pay | 1-Year BRL-CDI | 10.138 | Maturity | 01/04/2027 |  | 488500 | (298) | (6749) | (7047) | 0 | (4) |
| Pay | 1-Year BRL-CDI | 10.165 | Maturity | 01/04/2027 |  | 1164990 | 0 | (14244) | (14244) | 0 | (7) |
| Pay | 1-Year BRL-CDI | 10.170 | Maturity | 01/04/2027 |  | 1944090 | 0 | (23729) | (23729) | 0 | (12) |
| Pay | 1-Year BRL-CDI | 10.183 | Maturity | 01/04/2027 |  | 3492020 | 0 | (42398) | (42398) | 0 | (21) |
| Pay | 1-Year BRL-CDI | 10.203 | Maturity | 01/04/2027 |  | 2720760 | 0 | (32807) | (32807) | 0 | (16) |
| Pay | 1-Year BRL-CDI | 10.210 | Maturity | 01/04/2027 |  | 391960 | 0 | (4714) | (4714) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 10.256 | Maturity | 01/04/2027 |  | 2718360 | 0 | (32146) | (32146) | 0 | (16) |
| Pay | 1-Year BRL-CDI | 10.328 | Maturity | 01/04/2027 |  | 2200950 | 0 | (25340) | (25340) | 0 | (12) |
| Pay | 1-Year BRL-CDI | 11.250 | Maturity | 01/04/2027 |  | 280100 | 205 | (3788) | (3583) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 11.275 | Maturity | 01/04/2027 |  | 141400 | 125 | (1907) | (1782) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 11.290 | Maturity | 01/04/2027 |  | 141500 | 138 | (1906) | (1768) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 11.731 | Maturity | 01/04/2027 |  | 72600 | 265 | (936) | (671) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.746 | Maturity | 01/04/2027 |  | 314300 | 1177 | (4046) | (2869) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 11.901 | Maturity | 01/04/2027 |  | 750900 | 3511 | (9516) | (6005) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 3372000 | 168 | (3000) | (2832) | 0 | (538) |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 2400700 | 0 | (1146) | (1146) | 8 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 2208400 | (128) | (1956) | (2084) | 0 | (771) |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 4406400 | 346 | (1785) | (1439) | 0 | (26) |
| Pay | 1-Year BRL-CDI | 12.800 | Maturity | 01/02/2031 |  | 8595300 | (770) | (20295) | (21065) | 0 | (32) |
| Pay | 1-Year BRL-CDI | 12.841 | Maturity | 01/02/2031 |  | 2917000 | 0 | (6622) | (6622) | 0 | (11) |
| Pay | 3-Month NZD-BBR | 4.750 | Semi-Annual | 06/19/2029 | NZD | 954400 | 5636 | 21089 | 26725 | 1299 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 07/31/2028 | ZAR | 637200 | 586 | 1379 | 1965 | 24 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.415 | Quarterly | 07/31/2028 |  | 525100 | 488 | 1135 | 1623 | 20 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.420 | Quarterly | 07/31/2028 |  | 1964800 | 1848 | 4241 | 6089 | 75 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.428 | Quarterly | 07/31/2028 |  | 1328900 | 1271 | 2863 | 4134 | 51 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.426 | Quarterly | 08/01/2028 |  | 793900 | 754 | 1709 | 2463 | 30 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.460 | Quarterly | 08/01/2028 |  | 1339900 | 1368 | 2858 | 4226 | 51 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.460 | Quarterly | 08/02/2028 |  | 1358100 | 1386 | 2901 | 4287 | 52 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.464 | Quarterly | 08/02/2028 |  | 1383600 | 1424 | 2952 | 4376 | 53 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.550 | Quarterly | 08/03/2028 |  | 1353700 | 1635 | 2828 | 4463 | 52 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.380 | Quarterly | 08/04/2028 |  | 629400 | 537 | 1374 | 1911 | 24 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 08/04/2028 |  | 1625100 | 1489 | 3521 | 5010 | 61 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.415 | Quarterly | 08/04/2028 |  | 663400 | 615 | 1435 | 2050 | 25 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.421 | Quarterly | 08/04/2028 |  | 673900 | 633 | 1456 | 2089 | 25 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.543 | Quarterly | 08/04/2028 |  | 674700 | 805 | 1412 | 2217 | 26 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.360 | Quarterly | 08/07/2028 |  | 1354200 | 1095 | 2975 | 4070 | 50 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 16 | 23 | 34 | 55 | 62 | 91 | 117 | 146 | 179 | 209 |
| Pay | 3-Month ZAR-JIBAR | 8.400 | Quarterly | 08/07/2028 |  | 1402200 | 1250 | 3050 | 4300 | 52 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 08/07/2028 |  | 407700 | 372 | 884 | 1256 | 15 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.000 | Quarterly | 01/03/2031 |  | 565500 | 5 | 2081 | 2086 | 36 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.001 | Quarterly | 01/06/2031 |  | 565500 | 0 | 2084 | 2084 | 36 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.010 | Quarterly | 01/07/2031 |  | 551100 | 0 | 2044 | 2044 | 35 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.030 | Quarterly | 01/07/2031 |  | 551100 | 0 | 2074 | 2074 | 35 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.053 | Quarterly | 01/07/2031 |  | 551100 | 0 | 2107 | 2107 | 35 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.058 | Quarterly | 01/07/2031 |  | 551100 | 0 | 2115 | 2115 | 35 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.063 | Quarterly | 01/08/2031 |  | 1707100 | 0 | 6572 | 6572 | 108 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.080 | Quarterly | 01/08/2031 |  | 758300 | 0 | 2955 | 2955 | 48 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.203 | Quarterly | 01/10/2031 |  | 2861600 | 0 | 12095 | 12095 | 185 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 2.750 | Semi-Annual | 06/17/2026 | AUD | 26340 | (732) | 616 | (116) | 0 | (1) |
| Pay | 6-Month AUD-BBR-BBSW | 3.000 | Semi-Annual | 03/21/2027 |  | 1525200 | (44781) | 29018 | (15763) | 0 | (208) |
| Pay | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | 09/18/2029 |  | 3312400 | 34171 | (61166) | (26995) | 0 | (1366) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 |  | 1665500 | (23460) | 15557 | (7903) | 0 | (1077) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 |  | 1291700 | (4830) | (3644) | (8474) | 0 | (1061) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 |  | 578500 | 7641 | (12595) | (4954) | 0 | (650) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 5894200 | 80180 | (159287) | (79107) | 0 | (7525) |
| Pay | 6-Month CLP-CHILIBOR | 4.000 | Semi-Annual | 09/17/2030 |  | 1336400 | 13736 | (30034) | (16298) | 0 | (743) |
| Pay | 6-Month EUR-EURIBOR | 0.700 | Annual | 04/11/2027 | EUR | 226800 | (22990) | 18102 | (4888) | 0 | (26) |
| Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 04/12/2027 |  | 96600 | (9973) | 7773 | (2200) | 0 | (11) |
| Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 05/11/2027 |  | 428500 | (45037) | 35197 | (9840) | 0 | (54) |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/13/2027 |  | 491000 | (45034) | 37735 | (7299) | 0 | (56) |
| Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 |  | 235750 | (21680) | 18144 | (3536) | 0 | (27) |
| Pay | 6-Month EUR-EURIBOR | 1.750 | Annual | 09/21/2027 |  | 721700 | (30289) | 22434 | (7855) | 0 | (98) |
| Pay | 6-Month EUR-EURIBOR | 3.370 | Annual | 10/09/2028 |  | 126800 | 3508 | 935 | 4443 | 0 | (32) |
| Pay | 6-Month EUR-EURIBOR | 3.450 | Annual | 10/20/2028 |  | 121000 | 3826 | 717 | 4543 | 0 | (32) |
| Pay | 6-Month EUR-EURIBOR | 2.950 | Annual | 03/21/2029 |  | 9616100 | 25497 | 358142 | 383639 | 0 | (3777) |
| Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/16/2029 |  | 112300 | (182) | 3663 | 3481 | 0 | (47) |
| Pay | 6-Month EUR-EURIBOR | 2.860 | Annual | 04/24/2029 |  | 91600 | (138) | 3340 | 3202 | 0 | (39) |
| Pay | 6-Month EUR-EURIBOR | 2.780 | Annual | 05/02/2029 |  | 112700 | (163) | 3673 | 3510 | 0 | (49) |
| Pay | 6-Month EUR-EURIBOR | 2.827 | Annual | 05/06/2029 |  | 114400 | (175) | 3959 | 3784 | 0 | (49) |
| Pay | 6-Month EUR-EURIBOR | 2.950 | Annual | 06/12/2029 |  | 89800 | (155) | 3533 | 3378 | 0 | (39) |
| Receive | 6-Month EUR-EURIBOR | 2.700 | Annual | 08/13/2029 |  | 69000 | (104) | (780) | (884) | 32 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 |  | 92500 | (126) | (841) | (967) | 44 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.300 | Annual | 09/25/2029 |  | 116300 | (197) | 911 | 714 | 59 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.360 | Annual | 10/07/2029 |  | 116900 | (219) | 650 | 431 | 59 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.280 | Annual | 03/04/2030 |  | 74900 | (102) | (185) | (287) | 43 | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.950 | Annual | 03/20/2030 |  | 2341400 | 23882 | 72403 | 96285 | 0 | (1327) |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 |  | 122000 | (249) | (917) | (1166) | 72 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.350 | Annual | 04/29/2030 |  | 98600 | (185) | (424) | (609) | 68 | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 922700 | 4543 | (10255) | (5712) | 0 | (717) |
| Pay | 6-Month EUR-EURIBOR | 2.547 | Annual | 03/09/2033 |  | 252900 | (6296) | 6609 | 313 | 0 | (294) |
| Pay | 6-Month EUR-EURIBOR | 3.270 | Annual | 08/21/2033 |  | 68000 | 2684 | 355 | 3039 | 0 | (84) |
| Pay | 6-Month EUR-EURIBOR | 3.300 | Annual | 10/03/2033 |  | 202700 | 8465 | 815 | 9280 | 0 | (253) |
| Pay | 6-Month EUR-EURIBOR | 2.760 | Annual | 03/04/2034 |  | 68000 | (210) | 1164 | 954 | 0 | (89) |
| Pay | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/05/2034 |  | 69500 | (220) | 1123 | 903 | 0 | (91) |
| Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/29/2034 |  | 67700 | (191) | 1050 | 859 | 0 | (91) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 16 | 23 | 34 | 55 | 62 | 89 | 91 | 115 | 117 | 144 | 146 | 179 | 209 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 |  | 69400 |  | (183) |  | 1657 |  | 1474 | 98 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.580 | Annual | 08/29/2034 |  | 70000 |  | (195) |  | 1748 |  | 1553 | 99 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.390 | Annual | 10/01/2034 |  | 70100 |  | (188) |  | 3109 |  | 2921 | 100 | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.380 | Annual | 12/31/2034 |  | 61000 |  | (161) |  | (2616) |  | (2777) | 0 | (83) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.220 | Annual | 01/08/2035 |  | 73400 |  | (175) |  | (3288) |  | (3463) | 0 | (104) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 02/12/2035 |  | 74200 |  | (199) |  | 2409 |  | 2210 | 108 | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 |  | 72900 |  | (183) |  | (1885) |  | (2068) | 0 | (106) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 03/13/2035 |  | 115200 |  | (299) |  | (2512) |  | (2811) | 0 | (169) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.610 | Annual | 03/24/2035 |  | 73000 |  | (199) |  | (472) |  | (671) | 0 | (107) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.520 | Annual | 03/27/2035 |  | 73000 |  | (189) |  | (1166) |  | (1355) | 0 | (107) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 04/01/2035 |  | 72900 |  | (185) |  | (1657) |  | (1842) | 0 | (107) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 |  | 73200 |  | (256) |  | 1739 |  | 1483 | 107 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 |  | 73300 |  | (280) |  | 1688 |  | 1408 | 107 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.550 | Annual | 04/16/2035 |  | 73700 |  | (275) |  | 1478 |  | 1203 | 114 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.530 | Annual | 04/23/2035 |  | 113100 |  | (444) |  | 2559 |  | 2115 | 175 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.450 | Annual | 05/05/2035 |  | 73900 |  | (252) |  | 2299 |  | 2047 | 114 | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 274400 |  | 140 |  | (5940) |  | (5800) | 0 | (379) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/20/2050 |  | 62400 |  | (3236) |  | (5247) |  | (8483) | 0 | (148) |
| Receive | Receive | 6-Month EUR-EURIBOR | 0.250 | Annual | 06/17/2050 |  | 626000 |  | (58467) |  | 439831 |  | 381364 | 1253 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 0.500 | Annual | 06/17/2050 |  | 2557071 |  | 9381 |  | 1414686 |  | 1424067 | 5221 | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.500 | Annual | 09/21/2052 |  | 400 |  | (190) |  | (49) |  | (239) | 0 | (1) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 0.830 | Annual | 12/09/2052 |  | 3771700 |  | 54146 |  | 518297 |  | 572443 | 2337 | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 2770 |  | 14 |  | (179) |  | (165) | 0 | (9) |
| Pay | Pay | 28-Day MXN-TIIE | 8.410 | Lunar | 02/05/2026 | MXN | 8240000 |  | (10479) |  | 11268 |  | 789 | 33 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 8.556 | Lunar | 07/27/2028 |  | 1337800 |  | (688) |  | 2448 |  | 1760 | 41 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.020 | Lunar | 12/17/2029 |  | 1164600 |  | 0 |  | 3231 |  | 3231 | 62 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 8.990 | Lunar | 12/18/2029 |  | 851700 |  | 0 |  | 2313 |  | 2313 | 45 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.135 | Lunar | 12/27/2029 |  | 1043200 |  | 0 |  | 3190 |  | 3190 | 58 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.150 | Lunar | 12/31/2029 |  | 1058100 |  | 0 |  | 3259 |  | 3259 | 58 | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.108 | Lunar | 03/13/2030 |  | 4434100 |  | 0 |  | 13387 |  | 13387 | 267 | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 9.328 | Lunar | 05/29/2031 |  | 2978000 |  | 0 |  | (9822) |  | (9822) | 0 | (265) |
| Pay | Pay | 28-Day MXN-TIIE | 8.780 | Lunar | 01/30/2034 |  | 1750000 |  | 129 |  | 2845 |  | 2974 | 136 | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 8.103 | Lunar | 01/04/2038 |  | 1486300 |  | 4285 |  | (1410) |  | 2875 | 0 | (188) |
| Pay | Pay | CAONREPO | 2.625 | Semi-Annual | 03/19/2027 | CAD | 172700 |  | (4292) |  | 4776 |  | 484 | 0 | (4) |
| Pay | Pay | CAONREPO | 3.000 | Semi-Annual | 03/19/2027 |  | 376200 |  | (6203) |  | 8775 |  | 2572 | 0 | (3) |
| Pay | Pay | CAONREPO | 2.750 | Semi-Annual | 12/17/2027 |  | 132800 |  | (3112) |  | 3634 |  | 522 | 0 | (34) |
| Pay | Pay | CAONREPO | 3.400 | Semi-Annual | 06/20/2029 |  | 34700 |  | (109) |  | 738 |  | 629 | 0 | (18) |
| Receive | Receive | CAONREPO | 1.000 | Semi-Annual | 06/16/2047 |  | 14000 |  | 4098 |  | (122) |  | 3976 | 19 | 0 |
| Receive | Receive | CAONREPO | 1.300 | Semi-Annual | 06/16/2047 |  | 340700 |  | 89216 |  | (3809) |  | 85407 | 859 | 0 |
| Pay | Pay | UKRPI | 0.000 | Maturity | 09/15/2031 | GBP | 390400 |  | (61008) |  | 20396 |  | (40612) | 0 | (174) |
| Pay | Pay | UKRPI | 0.000 | Maturity | 10/15/2031 |  | 520200 |  | (72187) |  | 29481 |  | (42706) | 155 | 0 |
| Pay | Pay | UKRPI | 0.000 | Maturity | 11/15/2031 |  | 267100 |  | (32869) |  | 16394 |  | (16475) | 628 | 0 |
|  |  |  |  |  |  |  |  | $1615270 | 1615270 | $7779660 | 7779660 | $9394930 | 9394930 | $234102 | $(83329) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**2041477** | **2041477** | $**7921144** | **7921144** | $**9962621** | **9962621** | $**234638** | $**(86092)** |
| **(p)** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $4,632,237 and cash of $38,233 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |

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<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(q)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | $129862 | 20185934 | 20185934 | $0 | $(899) |
|  |  | 01/2026  | 5009 | 8921 | 8921 | 129 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 2179897 | $396172 | 396172 | 0 | (1638) |
|  |  | 01/2026  | 232335219 | 60958 | 60958 | 0 | (57) |
|  |  | 01/2026  | 283952 | 3110 | 3110 | 0 | (44) |
|  |  | 01/2026  | 97686734 | 67122 | 67122 | 0 | (629) |
|  |  | 01/2026  | 1047083 | 32332 | 32332 | 0 | (934) |
|  |  | 01/2026  | 4071156 | 133500 | 133500 | 3879 | 0 |
|  |  | 01/2026  | $402188 | 2179897 | 2179897 | 0 | (4378) |
|  |  | 01/2026  | 55294 | 41039 | 41039 | 120 | (96) |
|  |  | 01/2026  | 10920 | 983455 | 983455 | 0 | (4) |
|  |  | 01/2026  | 2776 | 429000 | 429000 | 0 | (35) |
|  |  | 01/2026  | 39126 | 131599 | 131599 | 24 | 0 |
|  |  | 01/2026  | 259150 | 948079 | 948079 | 4924 | 0 |
|  |  | 01/2026  | 23837 | 1074093 | 1074093 | 788 | 0 |
|  |  | 01/2026  | 22183 | 699839 | 699839 | 103 | 0 |
|  |  | 01/2026  | 88423 | 1473984 | 1473984 | 456 | 0 |
|  |  | 02/2026  | 87207492 | $22735 | 22735 | 125 | (46) |
|  |  | 02/2026  | 354151 | 111159 | 111159 | 0 | (54) |
|  |  | 02/2026  | $431209 | 2359662 | 2359662 | 0 | (3840) |
|  |  | 02/2026  | 98871 | 4493075 | 4493075 | 2740 | 0 |
|  |  | 03/2026  | 324710292 | $84514 | 84514 | 799 | 0 |
|  |  | 03/2026  | 316154 | 93548 | 93548 | 0 | (257) |
|  |  | 04/2026  | $150079 | 2737713 | 2737713 | 401 | (12) |
|  |  | 04/2026  | 686710 | $39124 | 39124 | 0 | (2027) |
|  |  | 05/2026  | 825503 | 47754 | 47754 | 0 | (1608) |
|  |  | 07/2026  | 263200 | 45480 | 45480 | 0 | (549) |
|  |  | 07/2026  | 132445 | 39126 | 39126 | 0 | (12) |
|  |  | 08/2026  | 1191131 | 68147 | 68147 | 0 | (2598) |
|  |  | 11/2026  | 32477 | 1809 | 1809 | 0 | (108) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 871708 | 566622 | 566622 | 0 | (15152) |
|  |  | 01/2026  | 83830 | 105455 | 105455 | 250 | (720) |
|  |  | 01/2026  | 2894527 | 410749 | 410749 | 0 | (4579) |
|  |  | 01/2026  | 12625 | 11116 | 11116 | 141 | 0 |
|  |  | 01/2026  | 249033 | $328476 | 328476 | 0 | (7205) |
|  |  | 01/2026  | 582561 | 179149 | 179149 | 0 | (3773) |
|  |  | 01/2026  | 9328501 | 103473 | 103473 | 0 | (245) |
|  |  | 01/2026  | 37199700 | 240740 | 240740 | 3079 | 0 |
|  |  | 01/2026  | 1041760 | 716 | 716 | 0 | (7) |
|  |  | 01/2026  | 492768 | 135068 | 135068 | 0 | (2186) |
|  |  | 01/2026  | 18060288 | 591101 | 591101 | 16074 | 0 |
|  |  | 01/2026  | $458730 | 3213243 | 3213243 | 2051 | 0 |
|  |  | 01/2026  | 15185 | 12905 | 12905 | 7 | (19) |
|  |  | 01/2026  | 92576 | 70000 | 70000 | 1780 | 0 |
|  |  | 01/2026  | 19389 | 325512171 | 325512171 | 104 | 0 |
|  |  | 01/2026  | 225245 | 20303965 | 20303965 | 154 | (36) |
|  |  | 01/2026  | 20495 | 3219370 | 3219370 | 73 | 0 |
|  |  | 01/2026  | 5229 | 9202 | 9202 | 71 | 0 |
|  |  | 01/2026  | 304162 | 1103052 | 1103052 | 3078 | 0 |
|  |  | 01/2026  | 17 | 756 | 756 | 0 | 0 |
|  |  | 01/2026  | 685885 | 21556665 | 21556665 | 1400 | (837) |
|  |  | 01/2026  | 557558 | 9332565 | 9332565 | 5257 | 0 |
|  |  | 01/2026  | 4801276 | $286986 | 286986 | 0 | (2611) |
|  |  | 02/2026  | 108 | 2 | 2 | 0 | 0 |
|  |  | 02/2026  | $109160 | 9835900 | 9835900 | 14 | (30) |
|  |  | 02/2026  | 160040 | 571482 | 571482 | 0 | (903) |
|  |  | 02/2026  | 32798 | 1463265 | 1463265 | 468 | 0 |
|  |  | 02/2026  | 272652 | 8557661 | 8557661 | 0 | (540) |
|  |  | 03/2026  | 17474084 | $557092 | 557092 | 3325 | (1661) |
|  |  | 03/2026  | $69798 | 382694 | 382694 | 0 | (870) |
|  |  | 03/2026  | 28255 | 522849 | 522849 | 575 | 0 |
|  |  | 03/2026  | 8759 | 400015 | 400015 | 110 | 0 |
|  |  | 04/2026  | 2129246 | $372743 | 372743 | 0 | (7842) |
|  |  | 05/2026  | $28265 | 8614 | 8614 | 0 | (195) |
|  |  | 05/2026  | 64365 | $3638 | 3638 | 0 | (214) |
|  |  | 06/2026  | $20378 | 6224 | 6224 | 0 | (83) |
|  |  | 07/2026  | 5270000 | $915254 | 915254 | 2181 | (8555) |
|  |  | 07/2026  | $12688 | 3875 | 3875 | 0 | (45) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 10/2026  | 238478 | $13281 | 0 | (803) |
|  | 06/2027  | $9876 | 2996 | 0 | (64) |
|  | 05/2029  | 42498 | $146100 | 5767 | 0 |
|  | 07/2029  | 5643 | 19410 | 760 | 0 |
|  | 05/2030  | 31578 | 108748 | 3819 | 0 |
|  | 08/2030  | 7815 | 26350 | 341 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 9621392 | 11170841 | 0 | (141043) |
|  | 01/2026  | 501050891 | 29999 | 0 | (7) |
|  | 01/2026  | 153520 | 47861 | 0 | (343) |
|  | 01/2026  | 72442700 | 467831 | 5011 | 0 |
|  | 01/2026  | 277 | 76 | 0 | (1) |
|  | 01/2026  | $49088 | 73405 | 0 | (98) |
|  | 01/2026  | 19662 | 16743 | 22 | 0 |
|  | 01/2026  | 5530 | 852700 | 0 | (82) |
|  | 01/2026  | 1364 | 2357 | 0 | (7) |
|  | 01/2026  | 41386 | 150771 | 607 | 0 |
|  | 01/2026  | 526835 | 23718330 | 21362 | 0 |
|  | 01/2026  | 246543 | 4166978 | 4721 | 0 |
|  | 02/2026  | 151622 | $47066 | 0 | (547) |
|  | 02/2026  | 433 | 10 | 0 | 0 |
|  | 02/2026  | $79589 | 1475590 | 1963 | 0 |
|  | 02/2026  | 551269 | 25114097 | 14764 | 0 |
|  | 02/2026  | 170873 | 2879390 | 2403 | 0 |
|  | 03/2026  | 71742 | 3273547 | 1198 | 0 |
|  | 04/2026  | 700874 | $39906 | 0 | (2094) |
|  | 07/2026  | 1041906 | 58890 | 0 | (3112) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 26494138 | 28206 | 0 | (1241) |
|  | 01/2026  | 3260563 | 4311234 | 0 | (83805) |
|  | 01/2026  | 796969 | 224479 | 0 | (12573) |
|  | 01/2026  | $632224 | 98402459 | 0 | (3552) |
|  | 01/2026  | 9145 | 16320 | 254 | 0 |
|  | 01/2026  | 130617 | 439229 | 64 | 0 |
|  | 02/2026  | 56551289 | $14725 | 27 | (20) |
|  | 02/2026  | 512862 | 148749 | 0 | (3565) |
|  | 02/2026  | $397913 | 2181677 | 0 | (2780) |
|  | 03/2026  | 378194 | $111478 | 0 | (712) |
|  | 04/2026  | 4043727 | 711961 | 646 | (11468) |
|  | 04/2026  | 174865 | 50000 | 0 | (1841) |
|  | 04/2026  | $90 | 500 | 0 | (1) |
|  | 05/2026  | 281813 | $79674 | 0 | (3743) |
|  | 06/2026  | 266203 | 77140 | 0 | (1576) |
|  | 07/2026  | 2006000 | 344047 | 0 | (6767) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 106695 | 71446 | 238 | 0 |
|  | 01/2026  | 2084178 | 378776 | 0 | (1566) |
|  | 01/2026  | 2576367 | 1830392 | 0 | (47711) |
|  | 01/2026  | 960202274 | 253122 | 1468 | (270) |
|  | 01/2026  | 27960 | 4364 | 0 | (38) |
|  | 01/2026  | 221570 | 258795 | 148 | (1853) |
|  | 01/2026  | 229 | 71 | 0 | (1) |
|  | 01/2026  | 200801 | 115902 | 253 | 0 |
|  | 01/2026  | 997254 | 293984 | 0 | (2636) |
|  | 01/2026  | 2524 | 688 | 0 | (15) |
|  | 01/2026  | 162969 | 5042 | 0 | (136) |
|  | 01/2026  | 427 | 10 | 0 | 0 |
|  | 01/2026  | 20945836 | 689498 | 22606 | 0 |
|  | 01/2026  | $90991 | 136570 | 346 | (191) |
|  | 01/2026  | 381319 | 2084178 | 0 | (978) |
|  | 01/2026  | 2525 | 3484 | 15 | 0 |
|  | 01/2026  | 298371 | 2082952 | 507 | 0 |
|  | 01/2026  | 50456 | 190169809 | 0 | (115) |
|  | 01/2026  | 76854 | 65471 | 187 | (66) |
|  | 01/2026  | 11205 | 8471 | 213 | 0 |
|  | 01/2026  | 32000 | 536944219 | 155 | 0 |
|  | 01/2026  | 1640022 | 146708191 | 1393 | (13032) |
|  | 01/2026  | 183077 | 616499 | 345 | 0 |
|  | 01/2026  | 56589 | 203236 | 26 | (8) |
|  | 01/2026  | 1535 | 14450 | 35 | 0 |
|  | 01/2026  | 7 | 224 | 0 | 0 |
|  | 01/2026  | 217130 | 6787768 | 138 | (1147) |
|  | 01/2026  | 35496 | 602416 | 829 | 0 |
|  | 02/2026  | 192212028 | $50456 | 600 | 0 |
|  | 02/2026  | 279707 | 87987 | 152 | 0 |
|  | 02/2026  | 425686 | 124482 | 0 | (2016) |
|  | 02/2026  | $6820 | 213482 | 0 | (31) |
|  | 03/2026  | 47302757 | $50771 | 0 | (1818) |
|  | 03/2026  | 354477192 | 93373 | 1475 | 0 |
|  | 03/2026  | 2030443 | 593872 | 0 | (8636) |
|  | 03/2026  | 6121086 | 196661 | 2098 | 0 |
|  | 04/2026  | 191119770 | 49867 | 727 | 0 |
|  | 05/2026  | 5295 | 1552 | 0 | (15) |
|  | 06/2026  | 174718 | 51576 | 0 | (64) |
|  | 08/2026  | 140682 | 41102 | 0 | (393) |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 01/2026  | 136 | 42 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 3882199 | 5143584 | 0 | (89382) |
|  | 01/2026  | 228636 | 71077 | 0 | (713) |
|  | 01/2026  | 213469589 | 145826 | 0 | (2226) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 155293 | 89776 | 337 | 0 |
|  | 01/2026  | 131735 | 37004 | 0 | (2186) |
|  | 01/2026  | $174413 | 556657 | 375 | 0 |
|  | 01/2026  | 474303 | 42239313 | 0 | (5469) |
|  | 01/2026  | 251163 | 368990807 | 4751 | 0 |
|  | 01/2026  | 119 | 3625 | 0 | (4) |
|  | 01/2026  | 338995 | 5728625 | 6522 | 0 |
|  | 02/2026  | 476955 | $149535 | 0 | (241) |
|  | 02/2026  | $892 | 293555 | 3 | 0 |
|  | 02/2026  | 9207 | 288192 | 0 | (42) |
|  | 03/2026  | 13647 | $431 | 0 | (3) |
|  | 07/2026  | 764823 | 43206 | 0 | (2307) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 1787078 | 1160699 | 0 | (31989) |
|  | 01/2026  | 816172 | 147005 | 0 | (1938) |
|  | 01/2026  | 1442782 | 204993 | 0 | (2028) |
|  | 01/2026  | 562098 | 30303 | 0 | (840) |
|  | 01/2026  | 254710 | 145944 | 0 | (752) |
|  | 01/2026  | 95367 | 28109 | 0 | (247) |
|  | 01/2026  | 305 | 85 | 0 | 0 |
|  | 01/2026  | 807 | 624 | 0 | (4) |
|  | 01/2026  | $149086 | 816172 | 350 | (492) |
|  | 01/2026  | 79169 | 253848 | 538 | 0 |
|  | 01/2026  | 10712 | 19014 | 239 | 0 |
|  | 01/2026  | 367563 | 1344629 | 6952 | 0 |
|  | 01/2026  | 451129 | 7584071 | 6182 | 0 |
|  | 01/2026  | 2517225 | $150103 | 0 | (1750) |
|  | 02/2026  | 253769 | 79169 | 0 | (521) |
|  | 02/2026  | $147005 | 822302 | 1926 | 0 |
|  | 03/2026  | 1572718 | $465144 | 0 | (1507) |
|  | 03/2026  | $376839 | 6964718 | 7193 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 5823233 | $1049228 | 0 | (13455) |
|  | 01/2026  | 24018274 | 6307 | 20 | 0 |
|  | 01/2026  | 176113 | 54543 | 0 | (756) |
|  | 01/2026  | 21312 | 15 | 0 | 0 |
|  | 01/2026  | 5328144 | 3632 | 0 | (51) |
|  | 01/2026  | $1066222 | 5823233 | 1313 | (4853) |
|  | 01/2026  | 42861 | 34363 | 558 | 0 |
|  | 01/2026  | 212889 | 1500732 | 2447 | 0 |
|  | 01/2026  | 1741 | 157781 | 10 | 0 |
|  | 01/2026  | 21157 | 31115594 | 423 | 0 |
|  | 01/2026  | 7401 | 10656288 | 0 | (35) |
|  | 01/2026  | 257975 | 942418 | 4511 | 0 |
|  | 01/2026  | 22512 | 718515 | 316 | 0 |
|  | 01/2026  | 33070 | 569512 | 1271 | 0 |
|  | 02/2026  | 38510405 | $10121 | 99 | 0 |
|  | 02/2026  | 139039 | 39648 | 0 | (1654) |
|  | 02/2026  | $1826039 | 9991113 | 0 | (16504) |
|  | 02/2026  | 155494 | 2884146 | 3889 | 0 |
|  | 02/2026  | 16946 | 285552 | 238 | 0 |
|  | 03/2026  | 39067060 | $10121 | 0 | (3) |
|  | 03/2026  | 245571 | 72354 | 0 | (511) |
|  | 03/2026  | $258727 | 4731096 | 2944 | (603) |
|  | 03/2026  | 2094 | 95223 | 26 | 0 |
|  | 04/2026  | 11490700 | $2027884 | 4007 | (29991) |
|  | 04/2026  | $1049228 | 5952880 | 14801 | 0 |
|  | 04/2026  | 250010 | 4610144 | 3523 | 0 |
|  | 06/2026  | 149365 | $44067 | 0 | (100) |
|  | 07/2026  | 9124800 | 1588421 | 6720 | (14063) |
|  | 08/2026  | 6337800 | 4024 | 0 | (40) |
|  | 08/2026  | 1095042 | 61429 | 0 | (3665) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 9068 | 892 | 0 | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 2090366 | 375492 | 0 | (5979) |
|  | 01/2026  | 43881 | 54808 | 0 | (638) |
|  | 01/2026  | 6006088 | 852798 | 0 | (9000) |
|  | 01/2026  | 1681753 | 516745 | 0 | (11318) |
|  | 01/2026  | 8493364 | 95405 | 1133 | 0 |
|  | 01/2026  | 17517797 | 12208 | 59 | 0 |
|  | 01/2026  | 297436 | 172572 | 1268 | 0 |
|  | 01/2026  | 903411 | 246504 | 0 | (5128) |
|  | 01/2026  | 273660 | 8957 | 244 | 0 |
|  | 01/2026  | $379901 | 2090366 | 1570 | 0 |
|  | 01/2026  | 2228 | 3114 | 42 | 0 |
|  | 01/2026  | 266758 | 1873889 | 2121 | 0 |
|  | 01/2026  | 1512 | 11755 | 0 | (1) |
|  | 01/2026  | 189837 | 16905702 | 0 | (2192) |
|  | 01/2026  | 281499 | 1037035 | 7344 | 0 |
|  | 01/2026  | 20767 | 661070 | 235 | 0 |
|  | 01/2026  | 24138 | 1091428 | 937 | 0 |
|  | 02/2026  | 12208 | 17494809 | 0 | (77) |
|  | 02/2026  | 109750 | 2036262 | 2761 | 0 |
|  | 02/2026  | 21910 | 995163 | 549 | 0 |
|  | 03/2026  | 21325068 | $5517 | 0 | (9) |
|  | 03/2026  | $1028185 | 18946619 | 17637 | 0 |
|  | 04/2026  | 375492 | 2136514 | 6392 | 0 |
|  | 04/2026  | 93666 | 1725678 | 1270 | 0 |
|  | 07/2026  | 1795000 | $311837 | 0 | (2077) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 11/2026  | 1611415 | 91938 |  | 0 |  | (3077) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 130389 | 85359 |  | 0 |  | (1662) |
|  | 01/2026  | 61837 | 77852 |  | 0 |  | (283) |
|  | 01/2026  | 105257 | 123528 |  | 0 |  | (223) |
|  | 01/2026  | 73272800 | 471629 |  | 3505 |  | 0 |
|  | 01/2026  | 201632 | 116515 |  | 398 |  | (10) |
|  | 01/2026  | 382062 | 104440 |  | 0 |  | (1978) |
|  | 01/2026  | $37266 | 55551 |  | 0 |  | (191) |
|  | 01/2026  | 3469 | 4772 |  | 9 |  | 0 |
|  | 01/2026  | 52185 | 44277 |  | 7 |  | (135) |
|  | 01/2026  | 237251 | 177896 |  | 2543 |  | 0 |
|  | 01/2026  | 31641 | 2864925 |  | 159 |  | 0 |
|  | 01/2026  | 364442 | 56737120 |  | 0 |  | (1962) |
|  | 01/2026  | 91902 | 337252 |  | 2035 |  | 0 |
|  | 01/2026  | 35964 | 1164903 |  | 1046 |  | 0 |
|  | 01/2026  | 34195 | 1079373 |  | 178 |  | 0 |
|  | 01/2026  | 296675 | 4989864 |  | 4208 |  | 0 |
|  | 02/2026  | 71484 | 1323414 |  | 1650 |  | 0 |
|  | 03/2026  | 15265 | $4516 |  | 0 |  | (14) |
|  | 03/2026  | $68076 | 1253053 |  | 1079 |  | 0 |
|  | 04/2026  | 74628 | 1377445 |  | 1107 |  | 0 |
|  | 05/2026  | 330744 | $19021 |  | 0 |  | (767) |
|  | 10/2026  | 63371 | 3561 |  | 0 |  | (188) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 499 | 155 |  | 0 |  | (1) |
|  | 01/2026  | 340 | 93 |  | 0 |  | (1) |
|  | 01/2026  | 2621761 | 2026262 |  | 0 |  | (14657) |
|  | 01/2026  | $54153 | 4821099 |  | 0 |  | (641) |
|  | 01/2026  | 23346 | 3634562 |  | 0 |  | (125) |
|  | 01/2026  | 156 | 560 |  | 0 |  | 0 |
|  | 01/2026  | 263778 | 4436091 |  | 3714 |  | 0 |
|  | 01/2026  | 144600 | $8677 |  | 0 |  | (46) |
|  | 02/2026  | 551687 | 171337 |  | 0 |  | (1907) |
|  | 02/2026  | 41593 | 12374 |  | 16 |  | 0 |
|  | 03/2026  | $364 | 6619 |  | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 149632 | $198061 |  | 0 |  | (3633) |
|  | 01/2026  | $182980 | 268595048 |  | 3304 |  | 0 |
|  | 01/2026  | 140532 | 6342098 |  | 5128 |  | 0 |
|  | 02/2026  | 121527 | 5513192 |  | 3568 |  | 0 |
|  | 03/2026  | 185342 | 8460147 |  | 2623 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 01/2026  | 1982 | 2714 |  | 0 |  | (4) |
|  | 01/2026  | 2067 | 1777 |  | 22 |  | 0 |
|  | 01/2026  | 12593 | 211810 |  | 179 |  | 0 |
|  | 03/2026  | 868 | 15739 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 2876756 | $408280 |  | 0 |  | (4498) |
|  | 01/2026  | 835263833 | 49950 |  | 0 |  | (70) |
|  | 01/2026  | 1407624 | 15470 |  | 0 |  | (168) |
|  | 01/2026  | 58115800 | 373399 |  | 2110 |  | 0 |
|  | 01/2026  | 9849 | 2909 |  | 0 |  | (19) |
|  | 01/2026  | 4410434 | 144756 |  | 4333 |  | 0 |
|  | 01/2026  | $2032 | 2830 |  | 31 |  | 0 |
|  | 01/2026  | 18039 | 15510 |  | 196 |  | 0 |
|  | 01/2026  | 27930 | 468981244 |  | 155 |  | 0 |
|  | 01/2026  | 78891 | 7118256 |  | 118 |  | 0 |
|  | 01/2026  | 659409 | 102613336 |  | 0 |  | (3835) |
|  | 03/2026  | 1297 | 59108 |  | 22 |  | 0 |
|  | 11/2026  | 4237850 | $2620 |  | 0 |  | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 338974024 | 231693 |  | 0 |  | (3402) |
|  | 01/2026  | 385294 | 107876 |  | 0 |  | (6673) |
|  | 01/2026  | 644280 | 497316 |  | 0 |  | (4226) |
|  | 01/2026  | 173172 | 5545 |  | 31 |  | 0 |
|  | 01/2026  | $6671 | 4935 |  | 0 |  | (19) |
|  | 01/2026  | 1825782 | 285550254 |  | 0 |  | (1465) |
|  | 02/2026  | 45854 | $13493 |  | 0 |  | (124) |
|  | 02/2026  | $71557 | 1324136 |  | 1617 |  | 0 |
|  | 03/2026  | 15266995 | $15748 |  | 0 |  | (1225) |
|  | 03/2026  | 294245 | 84965 |  | 0 |  | (2325) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | $1676 | 2295 |  | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 43657 | $7934 |  | 0 |  | (33) |
|  | 01/2026  | 185910 | 232280 |  | 0 |  | (2630) |
|  | 01/2026  | 22770 | 30133 |  | 0 |  | (559) |
|  | 01/2026  | 383087 | 104987 |  | 0 |  | (1716) |
|  | 01/2026  | $8115 | 43657 |  | 0 |  | (148) |
|  | 01/2026  | 32122 | 27469 |  | 174 |  | 0 |
|  | 01/2026  | 61316 | 46352 |  | 1163 |  | 0 |
|  | 01/2026  | 264927 | 961245 |  | 2825 |  | (24) |
|  | 01/2026  | 48008 | 834935 |  | 2338 |  | 0 |
|  | 02/2026  | 147063 | 2724673 |  | 3494 |  | 0 |
|  | 03/2026  | 51059310 | $54879 |  | 0 |  | (1886) |
|  | 03/2026  | $2430 | 45001 |  | 51 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**333546** | **333546** | $**(776626)** | **(776626)** |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 8 | 28 | 30 | 43 | 59 | 63 | 77 | 78 | 95 | 111 | 127 | 134 | 150 | 159 | 187 | 198 | 213 |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Cost | Cost | Market<br>Value | Market<br>Value |
| DUB | DUB | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.180% | 2.180% | 07/21/2032 | 07/21/2032 |  | 174900 | $ | 28054 | 28054 | $8138 | 8138 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.180 | 2.180 | 07/21/2032 | 07/21/2032 |  | 285300 |  | 45762 | 45762 | 93532 | 93532 |
| GLM | GLM | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.110 | 2.110 | 07/26/2032 | 07/26/2032 |  | 122300 |  | 19813 | 19813 | 5618 | 5618 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.110 | 2.110 | 07/26/2032 | 07/26/2032 |  | 177300 |  | 28722 | 28722 | 59610 | 59610 |
| MYC | MYC | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.400 | 2.400 | 07/20/2027 | 07/20/2027 |  | 140900 |  | 18592 | 18592 | 1221 | 1221 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.400 | 2.400 | 07/20/2027 | 07/20/2027 |  | 158900 |  | 20967 | 20967 | 48161 | 48161 |
|  |  | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.170 | 2.170 | 07/19/2032 | 07/19/2032 |  | 141400 |  | 22426 | 22426 | 6500 | 6500 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.170 | 2.170 | 07/19/2032 | 07/19/2032 |  | 159400 |  | 25281 | 25281 | 52386 | 52386 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **209617** | **209617** | $**275166** | **275166** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** |
| Counterparty | Counterparty | Description | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| FAR | FAR | Call - OTC 2-Year Interest Rate Cap  | 0.022% | 0.022% | 0.022% | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 08/08/2026 | 08/08/2026 |  | 605500 | $ | (10445) | (10445) | $(6250) | (6250) |
| MYC | MYC | Call - OTC 2-Year Interest Rate Cap  | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/23/2026 | 07/23/2026 |  | 1277500 |  | (22592) | (22592) | (10636) | (10636) |
| NGF | NGF | Call - OTC 2-Year Interest Rate Cap  | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/25/2026 | 07/25/2026 |  | 1955700 |  | (35887) | (35887) | (15100) | (15100) |
| FAR | FAR | Put - OTC 2-Year Interest Rate Floor  | 0.022 | 0.022 | 0.022 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 08/08/2026 | 08/08/2026 |  | 605500 |  | (10445) | (10445) | (8) | (8) |
| MYC | MYC | Put - OTC 2-Year Interest Rate Floor  | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/23/2026 | 07/23/2026 |  | 1277500 |  | (22593) | (22593) | (32) | (32) |
| NGF | NGF | Put - OTC 2-Year Interest Rate Floor  | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/25/2026 | 07/25/2026 |  | 1955700 |  | (35887) | (35887) | (64) | (64) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(137849)** | **(137849)** | $**(32090)** | **(32090)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000% | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525% | 0.525% | $9400 | $ | $(101) | (101) | $250 | $149 | 149 | $0 |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 | 10600 |  | (464) | (464) | 542 | 78 | 78 | 0 |
| BPS | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 47700 |  | (2287) | (2287) | 2250 | 0 | 0 | (37) |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 | 3100 |  | (276) | (276) | 267 | 0 | 0 | (9) |
| BRC | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.897 | 0.897 | 140500 |  | (6441) | (6441) | 6622 | 181 | 181 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525 | 0.525 | 14000 |  | (223) | (223) | 445 | 222 | 222 | 0 |
|  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 2.030 | 2.030 | 6110 |  | (398) | (398) | 122 | 0 | 0 | (276) |
| CBK | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 6100 |  | (219) | (219) | 214 | 0 | 0 | (5) |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.312 | 0.312 | 67700 |  | (340) | (340) | 1032 | 692 | 692 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 0.640 | 0.640 | 4300 |  | (57) | (57) | 122 | 65 | 65 | 0 |
| DUB | Eskom « | Eskom « | Eskom « | 4.650 | Quarterly | Quarterly | 06/30/2029 | 06/30/2029 | —◆ | —◆ | 50500 |  | 0 | 0 | 2958 | 2958 | 2958 | 0 |
|  | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | 94961 |  | 0 | 0 | 823 | 823 | 823 | 0 |
|  | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.850 | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | 52340 |  | 0 | 0 | 471 | 471 | 471 | 0 |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 | 17500 |  | (769) | (769) | 898 | 129 | 129 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 30 | 43 | 47 | 63 | 65 | 78 | 83 | 108 | 111 | 134 | 159 | 187 | 213 |
| GST | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 |  | 59100 | (2190) | 2144 | 0 | (46) |
|  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 |  | 25400 | (2264) | 2193 | 0 | (71) |
|  | Equinix, Inc.  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.620 | 0.620 |  | 18800 | 2628 | (1416) | 1212 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.246 | 0.246 |  | 6800 | 30 | 21 | 51 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525 | 0.525 |  | 19200 | (261) | 566 | 305 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.575 | 0.575 |  | 73400 | (1997) | 3178 | 1181 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 0.398 | 0.398 |  | 1560 | (65) | 84 | 19 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.534 | 0.534 |  | 9700 | (102) | 233 | 131 | 0 |
|  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.706 | 1.706 |  | 84000 | (714) | 464 | 0 | (250) |
|  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 |  | 8900 | (400) | 466 | 66 | 0 |
| JPM | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 |  | 8800 | (339) | 332 | 0 | (7) |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525 | 0.525 |  | 69900 | (845) | 1954 | 1109 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.575 | 0.575 |  | 16400 | (472) | 736 | 264 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 0.640 | 0.640 |  | 4500 | (49) | 117 | 68 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.221 | 0.221 |  | 21600 | (169) | 254 | 85 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 2.030 | 2.030 |  | 41300 | (2631) | 768 | 0 | (1863) |
| MYC | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 |  | 61200 | (2202) | 2155 | 0 | (47) |
|  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 |  | 70400 | (6276) | 6079 | 0 | (197) |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525 | 0.525 |  | 13800 | (234) | 453 | 219 | 0 |
|  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.575 | 0.575 |  | 41100 | (1057) | 1718 | 661 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.290 | 0.290 |  | 48100 | 74 | 269 | 343 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.362 | 0.362 |  | 40060 | (136) | 516 | 380 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.480 | 0.480 |  | 17400 | (337) | 558 | 221 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.534 | 0.534 |  | 82600 | (872) | 1987 | 1115 | 0 |
|  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 |  | 229100 | (10035) | 11721 | 1686 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $(42490) | $54566 | $14884 | $(2808) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BOA | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090% | 0.090% | Monthly | Monthly | 08/25/2037 | $28252 | 28252 | (21384) | 17333 | 0 | (4051) |
|  | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | 0.760 | 0.760 | Monthly | Monthly | 01/25/2038 | 3022 | 3022 | (2178) | 1941 | 0 | (237) |
|  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | Monthly | 05/11/2063 | 249 | 249 | (7) | 7 | 0 | 0 |
|  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | 1.000 | 1.000 | Monthly | Monthly | 05/11/2063 | 320 | 320 | (1) | 1 | 0 | 0 |
|  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 206600 | 206600 | 47276 | 1416 | 48692 | 0 |
| BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 94260 | 94260 | 21637 | 579 | 22216 | 0 |
| BRC | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | 0.110 | Monthly | Monthly | 05/25/2046 | $2797 | 2797 | (775) | 555 | 0 | (220) |
|  | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090 | 0.090 | Monthly | Monthly | 08/25/2037 | 8884 | 8884 | (6747) | 5473 | 0 | (1274) |
|  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | Monthly | 05/11/2063 | 17 | 17 | (1) | 1 | 0 | 0 |
|  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | 1.000 | 1.000 | Monthly | Monthly | 05/11/2063 | 736 | 736 | (23) | 23 | 0 | 0 |
|  | PRIMEX.ARM.2-AAA Index « | PRIMEX.ARM.2-AAA Index « | PRIMEX.ARM.2-AAA Index « | 4.580 | 4.580 | Monthly | Monthly | 12/25/2037 | 969 | 969 | 28 | (22) | 6 | 0 |
| CBK | ABX.HE.AA.6-1 Index « | ABX.HE.AA.6-1 Index « | ABX.HE.AA.6-1 Index « | 0.320 | 0.320 | Monthly | Monthly | 07/25/2045 | 4644 | 4644 | (2264) | 1874 | 0 | (390) |
|  | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090 | 0.090 | Monthly | Monthly | 08/25/2037 | 68230 | 68230 | (51701) | 41917 | 0 | (9784) |
|  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | Monthly | 05/11/2063 | 66 | 66 | (3) | 3 | 0 | 0 |
|  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | 0.500 | Monthly | Monthly | 10/17/2057 | 676 | 676 | (25) | 25 | 0 | 0 |
|  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 30140 | 30140 | 6826 | 278 | 7104 | 0 |
| DUB | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090 | 0.090 | Monthly | Monthly | 08/25/2037 | $12438 | 12438 | (9425) | 7641 | 0 | (1784) |
|  | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | 0.760 | 0.760 | Monthly | Monthly | 01/25/2038 | 10084 | 10084 | (7269) | 6477 | 0 | (792) |
|  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | Monthly | 11/17/2059 | 62000 | 62000 | (1006) | 1192 | 186 | 0 |
|  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | Monthly | 05/11/2063 | 210 | 210 | (5) | 5 | 0 | 0 |
|  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | Monthly | Monthly | 09/17/2058 | 290 | 290 | (29) | 29 | 0 | 0 |
|  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | 1.000 | 1.000 | Monthly | Monthly | 05/11/2063 | 400 | 400 | (8) | 8 | 0 | 0 |
| GST | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | 0.110 | Monthly | Monthly | 05/25/2046 | 5021 | 5021 | (1383) | 989 | 0 | (394) |
|  | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090 | 0.090 | Monthly | Monthly | 08/25/2037 | 66973 | 66973 | (30618) | 21013 | 0 | (9605) |
|  | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | 0.760 | 0.760 | Monthly | Monthly | 01/25/2038 | 20308 | 20308 | (4842) | 3247 | 0 | (1595) |
|  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | Monthly | 11/17/2059 | 401450 | 401450 | (4763) | 5969 | 1206 | 0 |
|  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | Monthly | 08/17/2061 | 5000 | 5000 | (8) | 39 | 31 | 0 |
|  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | Monthly | Monthly | 12/16/2072 | 70800 | 70800 | 109 | 264 | 373 | 0 |
|  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | Monthly | 05/11/2063 | 73 | 73 | (3) | 3 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 32 | 45 | 47 | 65 | 71 | 87 | 96 | 109 | 134 | 159 | 183 | 187 | 213 |
|  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | Monthly | Monthly | 10/17/2057 |  | 11224 | (12) | 13 |  | 1 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | Monthly | Monthly | 09/17/2058 |  | 5708 | (230) | 231 |  | 1 | 0 |
|  |  | CMBX.NA.AS.9 Index  | CMBX.NA.AS.9 Index  | CMBX.NA.AS.9 Index  | 1.000 | Monthly | Monthly | 09/17/2058 |  | 4986 | (375) | 376 |  | 1 | 0 |
| JPM | JPM | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | 0.170 | Monthly | Monthly | 05/25/2046 |  | 687 | (290) | 187 |  | 0 | (103) |
|  |  | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | 0.150 | Monthly | Monthly | 08/25/2037 |  | 1 | (1) | 1 |  | 0 | 0 |
|  |  | ABX.HE.AA.7-2 Index « | ABX.HE.AA.7-2 Index « | ABX.HE.AA.7-2 Index « | 1.920 | Monthly | Monthly | 01/25/2038 |  | 150 | (84) | 47 |  | 0 | (37) |
|  |  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | EUR | 223140 | 50837 | 1754 |  | 52591 | 0 |
| JPS | JPS | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 | $ | 319300 | (5507) | 6466 |  | 959 | 0 |
|  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | Monthly | Monthly | 10/17/2057 |  | 7962 | (353) | 354 |  | 1 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | Monthly | Monthly | 09/17/2058 |  | 8706 | (78) | 79 |  | 1 | 0 |
| MEI | MEI | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | Monthly | Monthly | 05/25/2046 |  | 3961 | (1054) | 743 |  | 0 | (311) |
|  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | Monthly | Monthly | 05/11/2063 |  | 11 | 0 | 0 |  | 0 | 0 |
|  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | Monthly | Monthly | 10/17/2057 |  | 1967 | (137) | 137 |  | 0 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | Monthly | Monthly | 09/17/2058 |  | 4597 | (359) | 360 |  | 1 | 0 |
| MYC | MYC | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | Monthly | Monthly | 05/25/2046 |  | 38908 | (6911) | 3856 |  | 0 | (3055) |
|  |  | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090 | Monthly | Monthly | 08/25/2037 |  | 14215 | (10759) | 8720 |  | 0 | (2039) |
|  |  | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | 0.760 | Monthly | Monthly | 01/25/2038 |  | 7554 | (5446) | 4853 |  | 0 | (593) |
|  |  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 |  | 81300 | (1373) | 1617 |  | 244 | 0 |
|  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | Monthly | Monthly | 05/11/2063 |  | 52 | (1) | 1 |  | 0 | 0 |
|  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | Monthly | Monthly | 10/17/2057 |  | 878 | (65) | 65 |  | 0 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | Monthly | Monthly | 09/17/2058 |  | 261 | (26) | 26 |  | 0 | 0 |
|  |  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | 1.000 | Monthly | Monthly | 05/11/2063 |  | 748 | (31) | 31 |  | 0 | 0 |
| SAL | SAL | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 |  | 454800 | (1564) | 2930 |  | 1366 | 0 |
|  |  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | 0.500 | Monthly | Monthly | 11/18/2054 |  | 82868 | 392 | 95 |  | 487 | 0 |
|  |  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | Monthly | Monthly | 08/17/2061 |  | 125500 | (139) | 918 |  | 779 | 0 |
|  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | Monthly | Monthly | 05/11/2063 |  | 446 | 0 | 0 |  | 0 | 0 |
|  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | Monthly | Monthly | 10/17/2057 |  | 557 | (31) | 31 |  | 0 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | Monthly | Monthly | 09/17/2058 |  | 2031 | 2 | (2) |  | 0 | 0 |
|  |  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | CMBX.NA.AS.6 Index  | 1.000 | Monthly | Monthly | 05/11/2063 |  | 800 | 0 | 0 |  | 0 | 0 |
| UAG | UAG | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | 0.170 | Monthly | Monthly | 05/25/2046 |  | 20482 | (1) | (3057) |  | 0 | (3058) |
|  |  | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | 0.150 | Monthly | Monthly | 08/25/2037 |  | 5 | 0 | 0 |  | 0 | 0 |
|  |  | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | ABX.HE.AAA.7-1 Index « | 0.090 | Monthly | Monthly | 08/25/2037 |  | 59715 | (6183) | (2380) |  | 0 | (8563) |
|  |  | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | ABX.HE.AAA.7-2 Index « | 0.760 | Monthly | Monthly | 01/25/2038 |  | 41633 | (12) | (3257) |  | 0 | (3269) |
|  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | Monthly | Monthly | 10/17/2057 |  | 703 | (42) | 42 |  | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $(58425) | $143517 | $ | $136246 | $(51154) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | 892174 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 03/20/2026 | 03/20/2026 | $205200 | $0 | $(407) | $ | $0 | $(407) |
|  |  |  | 184582 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 06/22/2026 | 06/22/2026 | 42380 | 0 | (113) |  | 0 | (113) |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | 236473 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 06/22/2026 | 06/22/2026 | 54325 | 0 | (114) |  | 0 | (114) |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | 1093683 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 03/20/2026 | 03/20/2026 | 251720 | 0 | (42) |  | 215 | (257) |
|  |  |  |  |  |  |  |  |  |  |  | $0 | $(676) | $ | $215 | $(891) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(100915)** | $**197407** | **$** | $**151345** | $**(54853)** |
| **(r)** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $473,714 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| ◆ | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $0 | $1451455 | $5043259 | $6494714 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | 0 | 4597846 | 767055 | 5364901 |
| Industrials | 0 | 10173674 | 296590 | 10470264 |
| Utilities | 0 | 2039904 | 31620 | 2071524 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | 0 | 0 | 10529 | 10529 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | 0 | 27155 | 0 | 27155 |
| Illinois | 0 | 44382 | 0 | 44382 |
| U.S. Government Agencies | 0 | 135029406 | 0 | 135029406 |
| U.S. Treasury Obligations | 0 | 25476611 | 0 | 25476611 |
| Non-Agency Mortgage-Backed Securities | 0 | 59940747 | 4832909 | 64773656 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | 0 | 1016597 | 18672 | 1035269 |
| Automobile Sequential | 0 | 4888623 | 0 | 4888623 |
| Casino Services | 0 | 0 | 49135 | 49135 |
| CMBS Other | 0 | 1107279 | 0 | 1107279 |
| Credit Card Other | 0 | 392690 | 0 | 392690 |
| Home Equity Other | 0 | 9141145 | 0 | 9141145 |
| Home Equity Sequential | 0 | 167240 | 0 | 167240 |
| Manufacturing House ABS Other | 0 | 9731 | 0 | 9731 |
| Manufacturing House Sequential | 0 | 87108 | 0 | 87108 |
| Whole Loan Collateral | 0 | 1581667 | 129264 | 1710931 |
| Other ABS | 0 | 23129074 | 788221 | 23917295 |
| Sovereign Issues | 0 | 21719415 | 0 | 21719415 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | 4776 | 0 | 124046 | 128822 |
| Consumer Staples | 0 | 0 | 12 | 12 |
| Financials | 645 | 11350 | 0 | 11995 |
| Industrials | 0 | 0 | 39142 | 39142 |
| Real Estate | 13 | 0 | 22 | 35 |
| Warrants | Warrants | Warrants | Warrants | Warrants |
| Communication Services | 0 | 0 | 8045 | 8045 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | 119643 | 391312 | 38908 | 549863 |
| Industrials | 0 | 239 | 0 | 239 |
| Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts |
| Real Estate | 326901 | 0 | 0 | 326901 |
| U.S. Government Agencies | 0 | 0 | 0 | 0 |
| Corporate Bonds & Notes | 0 | 0 | 0 | 0 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 589240 | 0 | 589240 |
| Short-Term Notes | 0 | 10550 | 0 | 10550 |
| Nigeria Treasury Bills | 0 | 553523 | 0 | 553523 |
| South Africa Treasury Bills | 0 | 521138 | 0 | 521138 |
| U.S. Treasury Bills | 0 | 43180 | 0 | 43180 |
|  | $451978 | $304142281 | $12177429 | $316771688 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Affiliated Investments | 149963 | 0 | 354118 | 504081 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | 14536579 | 0 | 0 | 14536579 |
|  | $14686542 | $0 | $354118 | $15040660 |
| Total Investments | $15138520 | $304142281 | $12531547 | $331812348 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| Corporate Bonds & Notes | 0 | 0 | 0 | 0 |
| U.S. Government Agencies | 0 | (795313) | 0 | (795313) |
|  | $0 | $(795313) | $0 | $(795313) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 22502 | 246402 | 0 | 268904 |
| Over the counter | 0 | 755799 | 4258 | 760057 |
|  | $22502 | $1002201 | $4258 | $1028961 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (6552) | (190170) | 0 | (196722) |
| Over the counter | 0 | (812415) | (51154) | (863569) |
|  | $(6552) | $(1002585) | $(51154) | $(1060291) |
| Total Financial Derivative Instruments | $15950 | $(384) | $(46896) | $(31330) |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 10 | 19 | 27 | 41 | 44 | 68 | 74 | 81 | 88 | 97 | 109 | 120 | 129 | 142 | 148 | 154 | 162 | 169 | 177 | 185 | 200 | 211 |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | $15154470 | 15154470 | 15154470 | $ | $303346584 | 303346584 | 303346584 | $12484651 | 12484651 | 12484651 | 12484651 | $ | $ | 330985705 | 330985705 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $3394550 | $ | 2411854 | $ | $(568755) | $ | 6024 | $ | $1016 | $ | 76566 | $ | $2024 | 2024 | $ | $(280020) | (280020) | (280020) | $ | 5043259 | $ | 73976 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 1004117 |  | 76344 |  | (305215) |  | 647 |  | 19680 |  | (28518) |  | 0 | 0 |  | 0 | 0 | 0 |  | 767055 |  | (27780) |
| Industrials | 293632 |  | 0 |  | (678) |  | (13) |  | 0 |  | 4403 |  | 0 | 0 |  | (754) | (754) | (754) |  | 296590 |  | 4395 |
| Utilities | 0 |  | 31004 |  | 0 |  | 0 |  | 0 |  | 616 |  | 0 | 0 |  | 0 | 0 | 0 |  | 31620 |  | 616 |
| Convertible Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 0 |  | 10472 |  | 0 |  | 274 |  | 0 |  | (217) |  | 0 | 0 |  | 0 | 0 | 0 |  | 10529 |  | (217) |
| Non-Agency Mortgage-Backed Securities | 2497236 |  | 3297645 |  | (130713) |  | 2162 |  | (1114) |  | 13072 |  | 0 | 0 |  | (845379) | (845379) | (845379) |  | 4832909 |  | (1783) |
| Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Automobile ABS Other | 18194 |  | 0 |  | 0 |  | 0 |  | 0 |  | 478 |  | 0 | 0 |  | 0 | 0 | 0 |  | 18672 |  | 478 |
| Casino Services | 47339 |  | 0 |  | (1965) |  | 0 |  | (145) |  | 3906 |  | 0 | 0 |  | 0 | 0 | 0 |  | 49135 |  | 3523 |
| Whole Loan Collateral | 0 |  | 129100 |  | 0 |  | 0 |  | 0 |  | 164 |  | 0 | 0 |  | 0 | 0 | 0 |  | 129264 |  | 164 |
| Other ABS | 957102 |  | 286239 |  | (108443) |  | 1798 |  | (20279) |  | 22023 |  | 0 | 0 |  | (350219) | (350219) | (350219) |  | 788221 |  | (12579) |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 124046 |  | 0 | 0 |  | 0 | 0 | 0 |  | 124046 |  | 124046 |
| Consumer Staples | 13 |  | 0 |  | 0 |  | 0 |  | 0 |  | (1) |  | 0 | 0 |  | 0 | 0 | 0 |  | 12 |  | (1) |
| Financials | 268856 |  | 0 |  | (282122) |  | 0 |  | (330111) |  | 343377 |  | 0 | 0 |  | 0 | 0 | 0 |  | 0 |  | 0 |
| Health Care | 51 |  | 0 |  | 0 |  | 0 |  | 0 |  | (51) |  | 0 | 0 |  | 0 | 0 | 0 |  | 0 |  | 0 |
| Industrials | 8430 |  | 31640 |  | 0 |  | 0 |  | 0 |  | (928) |  | 0 | 0 |  | 0 | 0 | 0 |  | 39142 |  | (928) |
| Real Estate<sup>(3)</sup> | 2 |  | 0 |  | 0 |  | 0 |  | 0 |  | 20 |  | 0 | 0 |  | 0 | 0 | 0 |  | 22 |  | 20 |
| Warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | 0 |  | 7281 |  | 0 |  | 0 |  | 0 |  | 764 |  | 0 | 0 |  | 0 | 0 | 0 |  | 8045 |  | 764 |
| Financials | 362 |  | 0 |  | (2132) |  | 0 |  | (36271) |  | 38041 |  | 0 | 0 |  | 0 | 0 | 0 |  | 0 |  | 0 |
| Preferred Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 0 |  | 39145 |  | 0 |  | 0 |  | 0 |  | (237) |  | 0 | 0 |  | 0 | 0 | 0 |  | 38908 |  | (237) |
|  | $8489884 | $ | 6320724 | $ | $(1400023) | $ | 10892 | $ | $(367224) | $ | 597524 | $ | $2024 | 2024 | $ | $(1476372) | (1476372) | (1476372) | $ | 12177429 | $ | 164457 |
| **Investments in Affiliates, at Value** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | 17735 |  | 0 |  | 0 |  | 0 |  | 0 |  | 26979 |  | 0 | 0 |  | 0 | 0 | 0 |  | 44714 |  | 26979 |
| Financials | 0 |  | 37435 |  | 0 |  | 0 |  | 0 |  | 3921 |  | 0 | 0 |  | 0 | 0 | 0 |  | 41356 |  | 3921 |
| Health Care | 279018 |  | 0 |  | 0 |  | 0 |  | 0 |  | (10971) |  | 0 | 0 |  | 0 | 0 | 0 |  | 268047 |  | (10971) |
| Industrials | 1 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 | 0 | 0 |  | 1 |  | 0 |
| Utilities | 114834 |  | 0 |  | (90424) |  | 0 |  | 46346 |  | (70756) |  | 0 | 0 |  | 0 | 0 | 0 |  | 0 |  | 0 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | $5291 | $ | 35 | $ | $(660) | $ | 0 | $ | $(10) | $ | (398) | $ | $0 | 0 | $ | $0 | 0 | 0 | $ | 4258 | $ | (384) |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |
| Over the counter | $(53377) | $ | 14490 | $ | $(30648) | $ | 0 | $ | $81563 | $ | (63182) | $ | $0 | 0 | $ | $0 | 0 | 0 | $ | (51154) | $ | (7688) |
| Totals | $8853386 | $ | 6372684 | $ | $(1521755) | $ | 10892 | $ | $(239325) | $ | 483117 | $ | $2024 | 2024 | $ | $(1476372) | (1476372) | (1476372) | $ | 12484651 | $ | 176314 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs |  | Input Value(s) | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $947249 | 947249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | X | 16.360  | 16.360  | 16.360  | 16.360  |  |
|  |  |  | 3793887 | 3793887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 3.939 - 75.000  | 3.939 - 75.000  | 3.939 - 75.000  | 3.939 - 75.000  | 5.677 |
|  |  |  | 96836 | 96836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price |  | 100.000  | 100.000  | 100.000  | 100.000  |  |
|  |  |  | 205287 | 205287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 42.500 - 100.500  | 42.500 - 100.500  | 42.500 - 100.500  | 42.500 - 100.500  | 99.782 |

---

------

<br> Consolidated Schedule of Investments PIMCO Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 40 | 42 | 102 | 169 | 171 | 208 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 750369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.360 - 12.000 | 4.360 - 12.000 | 5.645 |
|  |  | 14926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 |  |
|  |  | 1760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 6.000 | 6.000 |  |
| Industrials | Industrials | 296590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.500 - 6.700 | 4.500 - 6.700 | 5.799 |
| Utilities | Utilities | 31620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | 10529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 7.250 - 21.500 | 7.250 - 21.500 | 10.860 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 399373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount rate | 5.230 -10.000 | 5.230 -10.000 | 7.043 |
|  |  | 263069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IO Weighted Average Life Approach | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 102.141 | 102.141 |  |
|  |  | 3221107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 98.386 - 106.844 | 98.386 - 106.844 | 101.493 |
|  |  | 1212428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 90.921 - 101.219 | 90.921 - 101.219 | 95.749 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | 18672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flows | &nbsp;&nbsp;&nbsp;&nbsp; Discount rate | 8.000 | 8.000 |  |
| Casino Services | Casino Services | 49135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount rate | 6.115 | 6.115 |  |
| Whole Loan Collateral | Whole Loan Collateral | 129264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.000 | 100.000 |  |
| Other ABS | Other ABS | 691649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flows | &nbsp;&nbsp;&nbsp;&nbsp; Discount rate | 4.925 - 25.000 | 4.925 - 25.000 | 8.541 |
|  |  | 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flows | &nbsp;&nbsp;&nbsp;&nbsp; Discount rate | 13.000 | 13.000 |  |
|  |  | 96470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.967 | 100.967 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | 124046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $15.542 | 15.542 |  |
| Consumer Staples | Consumer Staples | 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $8.000 | 8.000 |  |
| Industrials | Industrials | 7438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $0.563 - 22.563 | 0.563 - 22.563 | 10.570 |
|  |  | 31704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 15.012 | 15.012 |  |
|  |  | 22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Communication Services | Communication Services | 8045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp; Volatility | 65.000 | 65.000 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 38908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 11.780 | 11.780 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Communication Services | Communication Services | 44714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount | 12.000 | 12.000 | 8.219 |
| Financials | Financials | 41356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount | 4.130 | 4.130 | 8.219 |
| Health Care | Health Care | 268047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 16.360 | 16.360 |  |
| Industrials | Industrials | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Price | $- | - |  |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 0.108 - 5.818 | 4.916 |
| **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** |
| Over the counter | Over the counter | (51154) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 75.00 - 92.00 | 86.837 |
| Total | Total | 12484651 |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. |
| <sup>(4)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 149.7% ¤** |  |  |
| **CORPORATE BONDS & NOTES 2.3%**  |  |  |
| **BANKING & FINANCE 1.3%**  |  |  |
| **Ambac Assurance Corp.** <br>5.100% due 12/31/2099 (f) | $28 | $37 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 | 2300 | 725 |
| **Jyske Realkredit AS**  |  |  |
| 1.500% due 10/01/2050  | 74978 | 9460 |
| 1.500% due 10/01/2053  | 26423 | 3239 |
| 2.000% due 10/01/2053  | 787 | 104 |
| 2.500% due 10/01/2047  | 1 | 0 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 5567 | 627 |
| 2.000% due 10/01/2053  | 2994 | 394 |
| **Nykredit Realkredit AS**  |  |  |
| 1.500% due 10/01/2053  | 896 | 94 |
| 2.500% due 10/01/2047  | 2 | 0 |
| 3.000% due 10/01/2053  | 27659 | 4103 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 30304 | 3837 |
| 2.000% due 10/01/2053  | 508 | 62 |
| 2.500% due 04/01/2047  | 8 | 1 |
| 3.000% due 10/01/2053  | 37553 | 5571 |
|  |  | 28254 |
| **INDUSTRIALS 1.0%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $19100 | 20197 |
| **VMware LLC** <br>3.900% due 08/21/2027 | 200 | 200 |
|  |  | 20397 |
| **UTILITIES 0.0%**  |  |  |
| **Petrobras Global Finance BV** <br>7.250% due 03/17/2044 | 424 | 441 |
| Total Corporate Bonds & Notes (Cost $51,729) |  | 49092 |
| **U.S. GOVERNMENT AGENCIES 29.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.500% due 09/01/2052 | 676 | 663 |
| 5.500% due 08/01/2054 | 25257 | 25640 |
| 6.000% due 03/01/2054 - 08/01/2054 | 77928 | 80059 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.814% due 11/25/2054 •  | 7137 | 7168 |
| 4.824% due 08/25/2055 •  | 10821 | 10919 |
| 4.874% due 02/25/2055 •  | 1036 | 1042 |
| 5.009% due 03/15/2050 •  | 1967 | 1945 |
| 5.024% due 03/25/2055 •  | 1452 | 1457 |
| 5.124% due 06/25/2055 •  | 14970 | 15046 |
| **Federal National Mortgage Association**  |  |  |
| 4.000% due 08/01/2052 | 851 | 809 |
| 4.500% due 09/01/2052 - 11/01/2052 | 1837 | 1800 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.824% due 11/25/2053 - 03/25/2055 •  | 3820 | 3838 |
| 4.904% due 06/25/2055 •  | 8415 | 8475 |
| 5.024% due 03/25/2055 •  | 1850 | 1857 |
| 5.034% due 03/25/2055 •  | 2863 | 2875 |
| **Government National Mortgage Association**<br>3.500% due 06/20/2052 - 04/20/2055 | 88890 | 81713 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.568% due 02/20/2074 •  | 595 | 595 |
| 4.927% due 08/20/2068 •  | 802 | 808 |
| 5.088% due 09/20/2055 •  | 8708 | 8746 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 16000 | 15168 |
| 4.500% due 02/01/2056 | 261800 | 255370 |
| 6.000% due 02/01/2056 | 74200 | 76151 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 02/01/2056 - 03/01/2056 | 26400 | 27467 |
| Total U.S. Government Agencies (Cost $626,445) |  | 629611 |
| **U.S. TREASURY OBLIGATIONS 60.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (i) | 795 | 803 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.125% due 02/15/2051 (m) | 6228 | 3368 |
| 0.250% due 02/15/2050  | 7725 | 4453 |
| 0.625% due 02/15/2043  | 9885 | 7366 |
| 0.750% due 02/15/2042  | 24439 | 19048 |
| 0.750% due 02/15/2045  | 28152 | 20551 |
| 0.875% due 02/15/2047  | 21096 | 15229 |
| 1.000% due 02/15/2046  | 15886 | 11991 |
| 1.000% due 02/15/2048  | 14659 | 10720 |
| 1.000% due 02/15/2049  | 10222 | 7362 |
| 1.375% due 02/15/2044  | 25874 | 21688 |
| 2.125% due 02/15/2040  | 5378 | 5329 |
| 2.125% due 02/15/2041 (m) | 4014 | 3934 |
| 2.125% due 02/15/2054  | 18672 | 16795 |
| 2.375% due 02/15/2055 (i) | 13414 | 12739 |
| 2.500% due 01/15/2029 (k)(m) | 6279 | 6482 |
| 3.375% due 04/15/2032 (m) | 55 | 61 |
| 0.125% due 07/15/2026 (k)(m) | 9332 | 9278 |
| 0.125% due 10/15/2026 (i) | 55646 | 55133 |
| 0.125% due 04/15/2027  | 11993 | 11779 |
| 0.125% due 01/15/2030 (k)(m) | 25311 | 24013 |
| 0.125% due 07/15/2030  | 27317 | 25787 |
| 0.125% due 01/15/2031  | 31320 | 29204 |
| 0.125% due 07/15/2031 (i) | 130171 | 120649 |
| 0.125% due 01/15/2032  | 31480 | 28775 |
| 0.250% due 07/15/2029  | 22389 | 21578 |
| 0.375% due 01/15/2027 (k) | 15339 | 15151 |
| 0.375% due 07/15/2027  | 18076 | 17869 |
| 0.500% due 01/15/2028 (i) | 52009 | 51104 |
| 0.625% due 07/15/2032 (i) | 54576 | 51218 |
| 0.750% due 07/15/2028 (i) | 38862 | 38405 |
| 0.875% due 01/15/2029  | 21748 | 21417 |
| 1.125% due 10/15/2030  | 13891 | 13683 |
| 1.125% due 01/15/2033 (i) | 41756 | 40080 |
| 1.250% due 04/15/2028 (i) | 35280 | 35144 |
| 1.375% due 07/15/2033 (i) | 43206 | 42129 |
| 1.625% due 10/15/2027 (k) | 24731 | 24922 |
| 1.625% due 10/15/2029 (i) | 80610 | 81423 |
| 1.625% due 04/15/2030  | 31197 | 31362 |
| 1.750% due 01/15/2034  | 21715 | 21600 |
| 1.875% due 07/15/2034 (i) | 56449 | 56696 |
| 1.875% due 07/15/2035 (i) | 100387 | 100149 |
| 2.125% due 04/15/2029 (k) | 27580 | 28169 |
| 2.125% due 01/15/2035 (i) | 68508 | 69741 |
| 2.375% due 10/15/2028 (i)(k) | 35080 | 36132 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (i) | 1195 | 1204 |
| Total U.S. Treasury Obligations (Cost $1,327,759) |  | 1271713 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.5%**  |  |  |
| **Alliance Bancorp Trust** <br>4.326% due 07/25/2037 •  | 393 | 352 |
| **Banc of America Alternative Loan Trust**  |  |  |
| 4.496% due 12/25/2035 •  | 283 | 242 |
| 6.000% due 06/25/2046  | 207 | 182 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.105% due 11/25/2035 ~  | 36 | 33 |
| 5.230% due 08/25/2035 ~  | 37 | 35 |
| 5.316% due 06/25/2035 ~  | 25 | 23 |
| **BCAP LLC Trust** <br>4.613% due 04/26/2036 ~ | 175 | 159 |
| **Bear Stearns ARM Trust** <br>4.214% due 07/25/2036 ~ | 73 | 62 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.426% due 04/25/2035 •  | 127 | 123 |
| 6.000% due 03/25/2037  | 460 | 199 |
| 6.000% due 05/25/2037  | 324 | 130 |
| 6.000% due 07/25/2037  | 943 | 415 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>5.500% due 08/25/2034 | 593 | 590 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.043% due 12/20/2046 •  | 110 | 99 |
| 4.620% due 10/25/2035 ~  | 7 | 6 |
| 5.500% due 11/25/2035  | 20 | 16 |
| 5.500% due 01/25/2036  | 133 | 72 |
| 6.000% due 08/25/2036 •  | 71 | 40 |
| 6.000% due 04/25/2037  | 700 | 499 |
| 6.250% due 11/25/2036  | 57 | 42 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CSAB Mortgage-Backed Trust** <br>6.672% due 06/25/2036 þ | 313 | 70 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.146% due 04/25/2037 •  | 309 | 220 |
| 6.800% due 07/25/2036 þ  | 133 | 117 |
| **First Horizon Alternative Mortgage Securities Trust** <br>6.000% due 02/25/2037 | 49 | 17 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.688% due 09/20/2075 •  | 12223 | 12264 |
| 4.698% due 10/20/2075 •  | 7797 | 7831 |
| **Grifonas Finance No. 1 PLC** <br>2.344% due 08/28/2039 •  | 113 | 130 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.951% due 09/25/2035 ~  | $4 | 4 |
| 6.000% due 11/25/2035  | 314 | 102 |
| **IndyMac IMSC Mortgage Loan Trust** <br>4.206% due 07/25/2047 •  | 294 | 200 |
| **Lehman Mortgage Trust** <br>5.085% due 01/25/2036 ~ | 79 | 76 |
| **MASTR Alternative Loan Trust** <br>4.246% due 03/25/2036 •  | 411 | 35 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.073% due 06/25/2036 ~ | 14 | 13 |
| **New Residential Mortgage Loan Trust** <br>4.500% due 05/25/2058 ~ | 1358 | 1332 |
| **New York Mortgage Trust** <br>4.790% due 05/25/2036 ~ | 32 | 26 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(a) | 31600 | 21088 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 05/25/2035 •  | $312 | 184 |
| 4.246% due 01/25/2046 •  | 879 | 241 |
| 5.750% due 02/25/2036  | 172 | 60 |
| 6.250% due 11/25/2036  | 168 | 58 |
| 6.500% due 06/25/2037  | 11538 | 2134 |
| **Sequoia Mortgage Trust** <br>4.248% due 07/20/2036 •  | 390 | 338 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.266% due 05/25/2036 •  | 173 | 123 |
| 4.286% due 05/25/2036 •  | 232 | 195 |
| 4.406% due 02/25/2036 •  | 182 | 156 |
| **Towd Point Mortgage Trust** <br>2.750% due 10/25/2057 ~ | 687 | 679 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.002% due 11/25/2036 ~  | 187 | 169 |
| 4.104% due 02/25/2037 ~  | 30 | 26 |
| 4.509% due 10/25/2035 ~  | 416 | 382 |
| 5.696% due 09/25/2033 ~  | 2 | 2 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>6.000% due 07/25/2036 | 235 | 169 |
| Total Non-Agency Mortgage-Backed Securities (Cost $57,131) |  | 51760 |
| **ASSET-BACKED SECURITIES 6.8%**  |  |  |
| **CMBS OTHER 0.5%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 2020 | 2032 |
| **BDS LLC** <br>5.531% due 03/19/2039 •  | 3605 | 3611 |
| **LoanCore Issuer Ltd.** <br>5.493% due 01/17/2037 •  | 636 | 637 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 2068 | 2070 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 1007 | 1005 |
|  |  | 9355 |
| **HOME EQUITY OTHER 1.0%**  |  |  |
| **Argent Securities Trust** <br>4.166% due 05/25/2036 •  | 1392 | 334 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.006% due 01/25/2037 •  | 198 | 148 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.346% due 03/25/2037 •  | 721 | 717 |
| 5.046% due 10/25/2035 •  | 548 | 547 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.126% due 07/25/2037 •  | 203 | 188 |
| 4.246% due 09/25/2037 •  | 54 | 51 |
| 4.306% due 05/25/2037 •  | 717 | 672 |
| 5.805% due 04/25/2036 ~  | 26 | 24 |
| **Fremont Home Loan Trust**  |  |  |
| 4.116% due 10/25/2036 •  | 150 | 139 |
| 4.146% due 10/25/2036 •  | 3969 | 1592 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.326% due 10/25/2036 •  | 2182 | 875 |
| **Home Equity Asset Trust** <br>4.521% due 02/25/2036 •  | 1841 | 1819 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.066% due 04/25/2037 •  | 245 | 194 |
| **HSI Asset Securitization Corp. Trust** <br>4.146% due 07/25/2036 •  | 4663 | 2003 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.266% due 10/25/2036 •  | 12 | 12 |
| **Long Beach Mortgage Loan Trust** <br>4.446% due 01/25/2036 •  | 977 | 893 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.326% due 06/25/2036 •  | 196 | 67 |
| 4.416% due 01/25/2036 •  | 1206 | 1213 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.916% due 10/25/2036 •  | 1390 | 613 |
| 3.956% due 10/25/2036 •  | 16 | 8 |
| 3.976% due 10/25/2036 •  | 715 | 647 |
| 4.066% due 10/25/2036 •  | 1714 | 756 |
| 4.146% due 06/25/2036 •  | 1067 | 534 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.226% due 10/25/2036 þ | 173 | 46 |
| **NovaStar Mortgage Funding Trust** <br>4.186% due 11/25/2036 •  | 141 | 43 |
| **Renaissance Home Equity Loan Trust** <br>4.946% due 09/25/2037 •  | 4982 | 1989 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.096% due 11/25/2036 •  | 2835 | 2486 |
| 4.326% due 08/25/2036 •  | 406 | 364 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.166% due 07/25/2036 •  | 1852 | 605 |
| **Soundview Home Loan Trust**  |  |  |
| 3.966% due 11/25/2036 •  | 113 | 30 |
| 4.251% due 12/25/2036 •  | 910 | 895 |
| 4.406% due 05/25/2036 •  | 128 | 126 |
| **Structured Asset Investment Loan Trust** <br>4.566% due 10/25/2035 •  | 910 | 899 |
|  |  | 21529 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Morgan Stanley Mortgage Loan Trust** <br>4.306% due 02/25/2037 •  | 143 | 28 |
| **WHOLE LOAN COLLATERAL 0.6%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.341% due 10/25/2036 •  | 2300 | 2276 |
| **First Franklin Mortgage Loan Trust** <br>4.551% due 11/25/2036 •  | 1566 | 1542 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.986% due 07/25/2036 •  | 702 | 221 |
| **Lehman XS Trust**  |  |  |
| 4.166% due 05/25/2036 •  | 519 | 461 |
| 4.377% due 06/25/2036 þ  | 407 | 403 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.286% due 10/25/2036 •  | 9718 | 3222 |
| 4.346% due 05/25/2036 •  | 670 | 362 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.166% due 09/25/2037 •  | 7902 | 3884 |
|  |  | 12371 |
| **OTHER ABS 4.7%**  |  |  |
| **522 Funding CLO Ltd.** <br>5.186% due 10/20/2031 •  | 66 | 66 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.934% due 10/20/2034 •  | 800 | 799 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | 3400 | 3400 |
| **Bain Capital Credit CLO Ltd.** <br>4.960% due 10/21/2034 •  | 1800 | 1800 |
| **Barings Euro CLO DAC** <br>3.250% due 10/21/2038 •  | 3900 | 4579 |
| **BlueMountain CLO XXXIV Ltd.** <br>5.034% due 04/20/2035 •  | $900 | 900 |
| **Canyon CLO Ltd.** <br>4.985% due 07/15/2034 •  | 1000 | 999 |
| **Capital Four U.S. CLO II Ltd.** <br>5.784% due 01/20/2037 •  | 1200 | 1209 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.814% due 11/15/2031 •  | 147 | 173 |
| **Cedar Funding V CLO Ltd.** <br>5.243% due 07/17/2031 •  | $407 | 408 |
| **CIFC Funding Ltd.** <br>5.077% due 10/24/2030 •  | 47 | 47 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CVC Cordatus Loan Fund XXI DAC** <br>2.995% due 09/22/2034 •  | 2300 | 2706 |
| **Dryden 35 Euro CLO DAC** <br>2.996% due 01/17/2033 •  | 509 | 599 |
| **Dryden 64 CLO Ltd.** <br>5.116% due 04/18/2031 •  | $169 | 169 |
| **Dryden 69 Euro CLO DAC** <br>2.984% due 10/18/2034 •  | 6800 | 7999 |
| **Dryden Euro CLO** <br>3.342% due 10/18/2039 •  | 1500 | 1764 |
| **Dunedin Park CLO DAC** <br>3.031% due 11/20/2034 •  | 700 | 823 |
| **Hayfin Emerald CLO X DAC** <br>3.251% due 10/18/2039 •  | 1900 | 2235 |
| **ICG U.S. CLO Ltd.** <br>5.034% due 10/20/2034 •  | $4700 | 4702 |
| **Invesco CLO Ltd.** <br>5.034% due 07/20/2035 •  | 2050 | 2050 |
| **KKR CLO 11 Ltd.** <br>5.346% due 01/15/2031 •  | 256 | 256 |
| **Madison Park Euro Funding XIV DAC** <br>2.826% due 07/15/2032 •  | 5545 | 6522 |
| **Madison Park Funding XLIX Ltd.** <br>4.934% due 10/19/2034 •  | $1100 | 1100 |
| **Mountain View CLO IX Ltd.** <br>5.286% due 07/15/2031 •  | 32 | 32 |
| **Navesink CLO 2 Ltd.** <br>5.175% due 04/15/2036 •  | 4300 | 4300 |
| **OCP Euro CLO DAC** <br>3.300% due 10/20/2039 •  | 1400 | 1647 |
| **Octagon Investment Partners 18-R Ltd.** <br>5.115% due 04/16/2031 •  | $107 | 107 |
| **Palmer Square European Loan Funding DAC** <br>3.054% due 05/15/2034 •  | 2650 | 3111 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | $3850 | 3850 |
| **Providus CLO II DAC** <br>3.169% due 10/15/2038 •  | 1500 | 1766 |
| **Providus CLO IV DAC** <br>2.824% due 04/20/2034 •  | 3300 | 3880 |
| **Rockford Tower Europe CLO DAC** <br>3.326% due 08/29/2036 •  | 2700 | 3176 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  | $1300 | 1301 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 1200 | 1207 |
| **Silver Rock CLO II Ltd.** <br>4.924% due 01/20/2035 •  | 1300 | 1300 |
| **Sounds Point CLO IV-R Ltd.** <br>5.296% due 04/18/2031 •  | 495 | 496 |
| **St. Paul's CLO X DAC** <br>2.815% due 04/22/2035 •  | 794 | 930 |
| **Symphony CLO XXIX Ltd.** <br>5.433% due 10/15/2035 •  | $800 | 800 |
| **Symphony CLO XXXII Ltd.** <br>5.419% due 10/23/2035 | 1500 | 1500 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 600 | 706 |
| **Toro European CLO 6 DAC** <br>2.945% due 01/12/2032 •  | 2988 | 3515 |
| **Toro European CLO 7 DAC** <br>2.874% due 02/15/2034 •  | 4507 | 5301 |
| **Trinitas CLO VI Ltd.** <br>4.968% due 01/25/2034 •  | $1700 | 1701 |
| **Trinitas CLO XVII Ltd.** <br>5.034% due 10/20/2034 •  | 1800 | 1801 |
| **Trysail CLO Ltd.** <br>5.123% due 10/20/2033 •  | 600 | 601 |
| **Vibrant CLO XII Ltd.** <br>5.034% due 04/20/2034 •  | 1400 | 1400 |
| **Voya CLO Ltd.**  |  |  |
| 4.944% due 04/20/2034 •  | 6300 | 6299 |
| 5.084% due 07/20/2032 •  | 346 | 346 |
| 5.273% due 07/14/2031 •  | 94 | 94 |
| **Voya Euro CLO II DAC** <br>2.969% due 07/15/2035 •  | 2800 | 3295 |
|  |  | 99767 |
| Total Asset-Backed Securities (Cost $147,531) |  | 143050 |
| **SOVEREIGN ISSUES 7.1%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | 213100 | 37619 |
| **French Republic Government Bonds OAT**  |  |  |
| 0.100% due 03/01/2026 (e)  | 20503 | 24006 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.100% due 07/25/2031 (e)  | 14018 | 15592 |
| 0.100% due 07/25/2038 (e)  | 121 | 114 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (e)  | 3366 | 3850 |
| 1.800% due 05/15/2036 (e)  | 1251 | 1467 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.100% due 03/10/2028 (e)  | 2105699 | 13678 |
| 0.100% due 03/10/2029 (e)  | 7895440 | 51237 |
| **Mexico Government International Bonds**  |  |  |
| 5.850% due 07/02/2032  | $900 | 926 |
| 6.625% due 01/29/2038  | 900 | 941 |
| **Peru Government Bonds** <br>6.150% due 08/12/2032 | 1000 | 321 |
| Total Sovereign Issues (Cost $162,463) |  | 149751 |
|  | SHARES |  |
| **COMMON STOCKS 0.2%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **Frontier Communications Parent, Inc. (b)** | 11500 | 438 |
| **TEGNA, Inc.** | 12100 | 235 |
|  |  | 673 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Soho House & Co., Inc. (b)** | 6800 | 61 |
| **Udemy, Inc. (b)** | 20500 | 120 |
|  |  | 181 |
| **CONSUMER STAPLES 0.1%**  |  |  |
| **JDE Peet's NV** | 11740 | 439 |
| **Kenvue, Inc.** | 31600 | 545 |
|  |  | 984 |
| **FINANCIALS 0.0%**  |  |  |
| **Brighthouse Financial, Inc. (b)** | 2700 | 175 |
| **HEALTH CARE 0.1%**  |  |  |
| **Amicus Therapeutics, Inc. (b)** | 17300 | 246 |
| **Avidity Biosciences, Inc. (b)** | 5900 | 426 |
| **Exact Sciences Corp. (b)** | 2900 | 295 |
| **STAAR Surgical Co. (b)** | 2100 | 48 |
|  |  | 1015 |
| **INDUSTRIALS 0.0%**  |  |  |
| **CSG Systems International, Inc.** | 3100 | 237 |
| **Norfolk Southern Corp.** | 1700 | 491 |
|  |  | 728 |
| **INFORMATION TECHNOLOGY 0.0%**  |  |  |
| **Confluent, Inc. Class A (b)** | 6500 | 196 |
| **CyberArk Software Ltd. (b)** | 1100 | 491 |
| **SEMrush Holdings, Inc. Class A (b)** | 7200 | 86 |
|  |  | 773 |
| **REAL ESTATE 0.0%**  |  |  |
| **CBRE Group, Inc. Class A (b)** | 543 | 87 |
| **Jones Lang LaSalle, Inc. (b)** | 276 | 93 |
|  |  | 180 |
| Total Common Stocks (Cost $4,586) |  | 4709 |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 (f) | 670000 | 677 |
| Total Preferred Securities (Cost $670) |  | 677 |
| **REAL ESTATE INVESTMENT TRUSTS 4.1%**  |  |  |
| **REAL ESTATE 4.1%**  |  |  |
| **Acadia Realty Trust** | 10834 | 223 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Agree Realty Corp.** | 8957 | 645 |
| **Alexander & Baldwin, Inc.** | 261 | 5 |
| **Alexandria Real Estate Equities, Inc.** | 12681 | 621 |
| **American Assets Trust, Inc.** | 172 | 3 |
| **American Healthcare REIT, Inc.** | 31166 | 1467 |
| **American Homes 4 Rent** | 19062 | 612 |
| **Americold Realty Trust, Inc.** | 1026 | 13 |
| **Apartment Investment & Management Co.** | 773 | 5 |
| **Apple Hospitality REIT, Inc.** | 801 | 10 |
| **AvalonBay Communities, Inc.** | 11624 | 2108 |
| **Brandywine Realty Trust** | 623 | 2 |
| **Brixmor Property Group, Inc.** | 24729 | 648 |
| **Broadstone Net Lease, Inc.** | 24487 | 425 |
| **BXP, Inc.** | 11945 | 806 |
| **Camden Property Trust** | 8323 | 916 |
| **CareTrust REIT, Inc.** | 25021 | 905 |
| **Centerspace** | 1336 | 89 |
| **Community Healthcare Trust, Inc.** | 129 | 2 |
| **COPT Defense Properties** | 9065 | 252 |
| **Cousins Properties, Inc.** | 13517 | 349 |
| **CubeSmart** | 15151 | 546 |
| **Curbline Properties Corp.** | 352 | 8 |
| **DiamondRock Hospitality Co.** | 16558 | 148 |
| **Digital Realty Trust, Inc.** | 26181 | 4050 |
| **Diversified Healthcare Trust** | 16468 | 80 |
| **Douglas Emmett, Inc.** | 622 | 7 |
| **Easterly Government Properties, Inc.** | 3566 | 76 |
| **EastGroup Properties, Inc.** | 4324 | 770 |
| **Elme Communities** | 7255 | 126 |
| **Empire State Realty Trust, Inc.** | 496 | 3 |
| **EPR Properties** | 6134 | 306 |
| **Equinix, Inc.** | 7945 | 6087 |
| **Equity LifeStyle Properties, Inc.** | 15830 | 959 |
| **Equity Residential** | 28385 | 1789 |
| **Essential Properties Realty Trust, Inc.** | 18833 | 559 |
| **Essex Property Trust, Inc.** | 5259 | 1376 |
| **Extra Space Storage, Inc.** | 16495 | 2148 |
| **Federal Realty Investment Trust** | 6337 | 639 |
| **First Industrial Realty Trust, Inc.** | 13109 | 751 |
| **Four Corners Property Trust, Inc.** | 379 | 9 |
| **Getty Realty Corp.** | 189 | 5 |
| **Gladstone Commercial Corp.** | 167 | 2 |
| **Global Medical REIT, Inc.** | 1072 | 36 |
| **Global Net Lease, Inc.** | 16393 | 141 |
| **Healthcare Realty Trust, Inc.** | 28560 | 484 |
| **Healthpeak Properties, Inc.** | 56245 | 904 |
| **Highwoods Properties, Inc.** | 8720 | 225 |
| **Host Hotels & Resorts, Inc.** | 66297 | 1175 |
| **Hudson Pacific Properties, Inc.** | 4300 | 47 |
| **Independence Realty Trust, Inc.** | 13981 | 244 |
| **Innovative Industrial Properties, Inc.** | 2273 | 108 |
| **Invitation Homes, Inc.** | 46249 | 1285 |
| **JBG SMITH Properties** | 109 | 2 |
| **Kilroy Realty Corp.** | 8787 | 328 |
| **Kimco Realty Corp.** | 55447 | 1124 |
| **Kite Realty Group Trust** | 17822 | 427 |
| **LXP Industrial Trust** | 4964 | 246 |
| **Macerich Co.** | 20197 | 373 |
| **Medical Properties Trust, Inc.** | 40251 | 201 |
| **Mid-America Apartment Communities, Inc.** | 9227 | 1282 |
| **National Health Investors, Inc.** | 3857 | 295 |
| **National Storage Affiliates Trust** | 2819 | 80 |
| **NET Lease Office Properties** | 54 | 1 |
| **NETSTREIT Corp.** | 6757 | 119 |
| **NexPoint Residential Trust, Inc.** | 78 | 2 |
| **NNN REIT, Inc.** | 15073 | 597 |
| **Omega Healthcare Investors, Inc.** | 29565 | 1311 |
| **Park Hotels & Resorts, Inc.** | 15836 | 166 |
| **Pebblebrook Hotel Trust** | 9429 | 107 |
| **Phillips Edison & Co., Inc.** | 10295 | 366 |
| **Piedmont Realty Trust, Inc.** | 10588 | 88 |
| **Plymouth Industrial REIT, Inc.** | 3515 | 77 |
| **Prologis, Inc.** | 75412 | 9627 |
| **Public Storage** | 12658 | 3285 |
| **Realty Income Corp.** | 71557 | 4034 |
| **Regency Centers Corp.** | 13233 | 914 |
| **Rexford Industrial Realty, Inc.** | 19239 | 745 |
| **RLJ Lodging Trust** | 533 | 4 |
| **Ryman Hospitality Properties, Inc.** | 5109 | 483 |
| **Service Properties Trust** | 772 | 1 |
| **Sila Realty Trust, Inc.** | 200 | 5 |
| **Simon Property Group, Inc.** | 26438 | 4894 |
| **SL Green Realty Corp.** | 2311 | 106 |
| **STAG Industrial, Inc.** | 15056 | 553 |
| **Summit Hotel Properties, Inc.** | 8008 | 39 |
| **Sun Communities, Inc.** | 9652 | 1196 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Sunstone Hotel Investors, Inc.** | 15701 | 140 |
| **Tanger, Inc.** | 9178 | 306 |
| **Terreno Realty Corp.** | 8409 | 494 |
| **UDR, Inc.** | 22083 | 810 |
| **UMH Properties, Inc.** | 292 | 5 |
| **Universal Health Realty Income Trust** | 45 | 2 |
| **Urban Edge Properties** | 10048 | 193 |
| **Ventas, Inc.** | 42164 | 3263 |
| **Veris Residential, Inc.** | 6438 | 96 |
| **Vornado Realty Trust** | 8258 | 275 |
| **Welltower, Inc.** | 60225 | 11178 |
| **WP Carey, Inc.** | 17809 | 1146 |
| **Xenia Hotels & Resorts, Inc.** | 8175 | 116 |
| Total Real Estate Investment Trusts (Cost $69,566) |  | 86301 |
|  | OUNCES |  |
| **COMMODITIES 14.1%**  |  |  |
| **Gold Warehouse Receipts** | 69128 | 298165 |
| Total Commodities (Cost $114,993) |  | 298165 |
| **SHORT-TERM INSTRUMENTS 22.5%**  |  |  |
| **REPURCHASE AGREEMENTS (h) 22.4%** |  | 472782 |
| **U.S. TREASURY BILLS 0.1%**  |  |  |
| 3.653% due 02/24/2026 - 04/21/2026 (c)(d)(m) | $2096 | 2076 |
| Total Short-Term Instruments (Cost $474,857) |  | 474858 |
| Total Investments in Securities (Cost $3,037,730) |  | 3159687 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 10.2%**  |  |  |
| **MUTUAL FUNDS 10.2% (g)** |  |  |
| **PIMCO Commodity Strategy Active Exchange-Traded Fund**  | 2977136 | 82139 |
| **PIMCO Emerging Markets Currency and Short-Term Investments Fund**  | 17445288 | 133980 |
| Total Mutual Funds (Cost $226,188) |  | 216119 |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 30721 | 299 |
| Total Short-Term Instruments (Cost $299) |  | 299 |
| Total Investments in Affiliates (Cost $226,487) |  | 216418 |
| Total Investments 159.9% (Cost $3,264,217) |  | $3376105 |
| **Financial Derivative Instruments (j)(l) (0.4)**%(Cost or Premiums, net $(3192)) |  | (8035) |
| Other Assets and Liabilities, net (59.5)% |  | (1256918) |
| Net Assets 100.0% |  | $2111152 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(h)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.790%  | 01/05/2026 | 142100 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 02/15/2031 | (144943) | 142100 | 142100 | 142100 |
|  | 3.870  | 01/02/2026 | 141100 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.125% due 10/31/2029 - 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.125% due 10/31/2029 - 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.125% due 10/31/2029 - 07/31/2030 | (143733) | 141100 | 141100 | 141130 |
|  | 3.930  | 01/02/2026 | 25200 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 11/30/2029 | (25699) | 25200 | 25200 | 25206 |
| SGY | 3.870  | 01/05/2026 | 150000 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 05/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 05/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 05/15/2044 | (101747) | 150000 | 150000 | 150048 |
|  |  |  |  | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 07/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 07/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 07/31/2028 | (51037) |  |  |  |
| TDM | 3.600  | 01/02/2026 | 14382 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 1.875% due 07/15/2035 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 1.875% due 07/15/2035 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 1.875% due 07/15/2035 | (14387) | 14382 | 14382 | 14385 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(481546)** | **472782** | **472782** | **472869** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements<sup>(3)</sup> |
| BOM | BOM | BOM | 3.940%  | 3.940%  | 12/18/2025 | 01/08/2026 | (257090) | (257090) | (257512) | (257512) |
| BOO | BOO | BOO | 3.950  | 3.950  | 12/31/2025 | 01/02/2026 | (12899) | (12899) | (12902) | (12902) |
| BOS | BOS | BOS | 3.900  | 3.900  | 12/31/2025 | 01/02/2026 | (3940) | (3940) | (3940) | (3940) |
| BSN | BSN | BSN | 3.810  | 3.810  | 01/02/2026 | 01/16/2026 | (153505) | (153505) | (153505) | (153505) |
|  |  |  | 3.930  | 3.930  | 12/18/2025 | 01/02/2026 | (108717) | (108717) | (108895) | (108895) |
| CTR | CTR | CTR | 3.860  | 3.860  | 01/02/2026 | 01/05/2026 | (287176) | (287176) | (287176) | (287176) |
|  |  |  | 3.970  | 3.970  | 12/31/2025 | 01/02/2026 | (311537) | (311537) | (311606) | (311606) |
| DEU | DEU | DEU | 3.600  | 3.600  | 12/31/2025 | 01/02/2026 | (16256) | (16256) | (16260) | (16260) |
| JPS | JPS | JPS | 3.810  | 3.810  | 01/02/2026 | 01/07/2026 | (1226) | (1226) | (1226) | (1226) |
| NOM | NOM | NOM | 3.920  | 3.920  | 12/11/2025 | 01/08/2026 | (27336) | (27336) | (27402) | (27402) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(1180424)** | **(1180424)** |
| **(i)** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $740,547 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(637195) at a weighted average interest rate of 4.428%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(441908) is outstanding at period end. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Cost |  | Market<br>Value |
| Put - ICE Crude Oil March 2026 Futures  | Put - ICE Crude Oil March 2026 Futures  | Put - ICE Crude Oil March 2026 Futures  | $55.000 | 55.000 | 01/27/2026 | 64 | 64 | 48 | $ | 17 |
| Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | Put - NYMEX Crude Oil March 2026 Futures  | 50.000 | 50.000 | 02/17/2026 | 54 | 54 | 67 |  | 22 |
| Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | 3.750 | 3.750 | 02/24/2026 | 23 | 230 | 45 |  | 26 |
| Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | Call - NYMEX Natural Gas March 2026 Futures  | 4.500 | 4.500 | 02/24/2026 | 92 | 920 | 227 |  | 38 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **387** | **$** | **103** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | $65.000 | 65.000 | 11/24/2026 | 49 | 245 | (2309) | $ | (3741) |
| Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | 65.000 | 65.000 | 11/24/2026 | 49 | 245 | (2295) |  | (1858) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 100.000 | 100.000 | 11/24/2026 | 24 | 120 | (398) |  | (718) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 120.000 | 120.000 | 11/24/2026 | 20 | 100 | (209) |  | (393) |
| Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | Call - ICE Crude Oil March 2026 Futures  | 70.000 | 70.000 | 01/27/2026 | 64 | 64 | (56) |  | (9) |
| Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | Call - NYMEX Crude Oil March 2026 Futures  | 64.000 | 64.000 | 02/17/2026 | 54 | 54 | (65) |  | (30) |
| Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | 3.000 | 3.000 | 02/24/2026 | 23 | 230 | (46) |  | (51) |
| Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | Put - NYMEX Natural Gas March 2026 Futures  | 3.500 | 3.500 | 02/24/2026 | 92 | 920 | (216) |  | (491) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(5594)** | **$** | **(7291)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Arabica Coffee July Futures  | 07/2026 | 28 | 28 | $3423 | 3423 | $(70) | (70) | $0 | 0 | $(14) |
| Arabica Coffee March Futures  | 03/2026 | 58 | 58 | 7585 | 7585 | (680) | (680) | 0 | 0 | (32) |
| Brent Crude December Futures  | 10/2026 | 190 | 190 | 11442 | 11442 | (317) | (317) | 0 | 0 | (105) |
| Brent Crude June Futures  | 04/2026 | 25 | 25 | 1506 | 1506 | 23 | 23 | 0 | 0 | (14) |
| Brent Crude March Futures  | 01/2026 | 221 | 221 | 13448 | 13448 | (399) | (399) | 0 | 0 | (106) |
| Brent Crude September Futures  | 07/2026 | 242 | 242 | 14561 | 14561 | (203) | (203) | 0 | 0 | (133) |
| California Carbon Allowance Vintage December Futures  | 12/2026 | 1834 | 1834 | 60339 | 60339 | 2152 | 2152 | 275 | 275 | 0 |
| Carbon Emissions December Futures  | 12/2026 | 77 | 77 | 7906 | 7906 | 323 | 323 | 9 | 9 | (16) |
| Cocoa July Futures  | 07/2026 | 56 | 56 | 3434 | 3434 | 82 | 82 | 3 | 3 | 0 |
| Copper July Futures  | 07/2026 | 9 | 9 | 1303 | 1303 | 37 | 37 | 0 | 0 | (22) |
| Copper March Futures  | 03/2026 | 49 | 49 | 6960 | 6960 | 423 | 423 | 0 | 0 | (122) |
| Corn March Futures  | 03/2026 | 404 | 404 | 8893 | 8893 | (82) | (82) | 0 | 0 | (5) |
| Cotton No. 2 March Futures  | 03/2026 | 26 | 26 | 836 | 836 | (18) | (18) | 0 | 0 | (1) |
| Euro-BTP Future March Futures  | 03/2026 | 487 | 487 | 68782 | 68782 | (284) | (284) | 0 | 0 | (206) |
| Euro-Bund March Futures  | 03/2026 | 600 | 600 | 89952 | 89952 | 137 | 137 | 0 | 0 | (162) |
| Euro-Schatz March Futures  | 03/2026 | 249 | 249 | 31249 | 31249 | (43) | (43) | 0 | 0 | (3) |
| Gas Oil June Futures  | 06/2026 | 77 | 77 | 4632 | 4632 | (249) | (249) | 0 | 0 | (19) |
| Gold 100 oz. April Futures  | 04/2026 | 74 | 74 | 32367 | 32367 | (196) | (196) | 0 | 0 | (333) |
| Gold 100 oz. June Futures  | 06/2026 | 18 | 18 | 7932 | 7932 | 366 | 366 | 0 | 0 | (81) |
| Hard Red Winter Wheat March Futures  | 03/2026 | 230 | 230 | 5920 | 5920 | (266) | (266) | 0 | 0 | (83) |
| Henry Hub Natural Gas April Futures  | 03/2031 | 3 | 3 | 22 | 22 | (3) | (3) | 0 | 0 | 0 |
| Henry Hub Natural Gas August Futures  | 07/2031 | 3 | 3 | 25 | 25 | 0 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas December Futures  | 11/2031 | 3 | 3 | 30 | 30 | 5 | 5 | 0 | 0 | 0 |
| Henry Hub Natural Gas February Futures  | 01/2031 | 3 | 3 | 31 | 31 | 6 | 6 | 0 | 0 | 0 |
| Henry Hub Natural Gas January Futures  | 12/2030 | 3 | 3 | 33 | 33 | 8 | 8 | 0 | 0 | 0 |
| Henry Hub Natural Gas July Futures  | 06/2031 | 3 | 3 | 24 | 24 | (1) | (1) | 0 | 0 | 0 |
| Henry Hub Natural Gas June Futures  | 05/2031 | 3 | 3 | 23 | 23 | (2) | (2) | 0 | 0 | 0 |
| Henry Hub Natural Gas March Futures  | 02/2031 | 3 | 3 | 26 | 26 | 1 | 1 | 0 | 0 | (1) |
| Henry Hub Natural Gas May Futures  | 04/2031 | 3 | 3 | 22 | 22 | (3) | (3) | 0 | 0 | 0 |
| Henry Hub Natural Gas November Futures  | 10/2031 | 3 | 3 | 27 | 27 | 2 | 2 | 0 | 0 | 0 |
| Henry Hub Natural Gas October Futures  | 09/2031 | 3 | 3 | 25 | 25 | 0 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas September Futures  | 08/2031 | 3 | 3 | 25 | 25 | 0 | 0 | 0 | 0 | 0 |
| Iron Ore March Futures  | 03/2026 | 1162 | 1162 | 12178 | 12178 | 586 | 586 | 0 | 0 | (15) |
| Japan Government 10-Year Bond March Futures  | 03/2026 | 8 | 8 | 6763 | 6763 | (45) | (45) | 0 | 0 | (15) |
| Lean Hogs June Futures  | 06/2026 | 106 | 106 | 4362 | 4362 | 126 | 126 | 0 | 0 | (4) |
| Live Cattle April Futures  | 04/2026 | 134 | 134 | 12446 | 12446 | 223 | 223 | 66 | 66 | 0 |
| Live Cattle June Futures  | 06/2026 | 121 | 121 | 10976 | 10976 | 682 | 682 | 47 | 47 | 0 |
| LME Aluminum January Futures  | 01/2026 | 299 | 299 | 22267 | 22267 | 2344 | 2344 | 0 | 0 | 0 |
| LME Aluminum July Futures  | 07/2026 | 28 | 28 | 2107 | 2107 | 57 | 57 | 57 | 57 | 0 |
| LME Aluminum March Futures  | 03/2026 | 270 | 270 | 20213 | 20213 | 1520 | 1520 | 307 | 307 | 0 |
| LME Aluminum May Futures  | 05/2026 | 136 | 136 | 10218 | 10218 | 620 | 620 | 0 | 0 | 0 |
| LME Lead January Futures  | 01/2026 | 26 | 26 | 1287 | 1287 | (9) | (9) | 0 | 0 | 0 |
| LME Lead March Futures  | 03/2026 | 26 | 26 | 1305 | 1305 | (21) | (21) | 0 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 01/2026 | 107 | 10622 | 751 | 0 | 0 | 0 | 0 |
| LME Nickel July Futures  | LME Nickel July Futures  | 07/2026 | 07/2026 | 75 | 7578 | 576 | 595 | 595 | 595 | (19) |
| LME Nickel March Futures  | LME Nickel March Futures  | 03/2026 | 03/2026 | 156 | 15574 | 1118 | 409 | 409 | 409 | (22) |
| LME Nickel May Futures  | LME Nickel May Futures  | 05/2026 | 05/2026 | 73 | 7334 | 552 | 0 | 0 | 0 | 0 |
| LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 01/2026 | 277 | 21423 | 1206 | 0 | 0 | 0 | 0 |
| LME Zinc July Futures  | LME Zinc July Futures  | 07/2026 | 07/2026 | 86 | 6724 | 100 | 103 | 103 | 103 | (3) |
| LME Zinc March Futures  | LME Zinc March Futures  | 03/2026 | 03/2026 | 320 | 24951 | 1037 | 377 | 377 | 377 | 0 |
| LME Zinc May Futures  | LME Zinc May Futures  | 05/2026 | 05/2026 | 85 | 6640 | 290 | 0 | 0 | 0 | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 02/2026 | 11 | 344 | (83) | 0 | 0 | 0 | (24) |
| New York Harbor June Futures  | New York Harbor June Futures  | 05/2026 | 05/2026 | 117 | 9998 | (771) | 0 | 0 | 0 | (116) |
| RBOB Gasoline June Futures  | RBOB Gasoline June Futures  | 05/2026 | 05/2026 | 175 | 14392 | (233) | 0 | 0 | 0 | (129) |
| RBOB Gasoline March Futures  | RBOB Gasoline March Futures  | 02/2026 | 02/2026 | 54 | 3950 | (240) | 0 | 0 | 0 | (35) |
| Silver December Futures  | Silver December Futures  | 12/2026 | 12/2026 | 31 | 11291 | 739 | 0 | 0 | 0 | (1146) |
| Silver July Futures  | Silver July Futures  | 07/2026 | 07/2026 | 8 | 2871 | 267 | 0 | 0 | 0 | (294) |
| Soybean July Futures  | Soybean July Futures  | 07/2026 | 07/2026 | 120 | 6446 | (302) | 0 | 0 | 0 | (71) |
| Soybean March Futures  | Soybean March Futures  | 03/2026 | 03/2026 | 140 | 7333 | (687) | 0 | 0 | 0 | (103) |
| Soybean Meal March Futures  | Soybean Meal March Futures  | 03/2026 | 03/2026 | 193 | 5778 | (538) | 0 | 0 | 0 | (56) |
| Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | 02/2026 | 02/2026 | 77 | 1294 | (96) | 15 | 15 | 15 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 1166 | 127449 | (332) | 0 | 0 | 0 | (137) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 660 | 77880 | (993) | 0 | 0 | 0 | (248) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 477 | 54862 | (420) | 0 | 0 | 0 | (89) |
| WTI Crude June Futures  | WTI Crude June Futures  | 05/2026 | 05/2026 | 42 | 2394 | (91) | 0 | 0 | 0 | (22) |
| WTI Crude March Futures  | WTI Crude March Futures  | 02/2026 | 02/2026 | 88 | 5035 | (219) | 0 | 0 | 0 | (46) |
|  |  |  |  |  |  | $ | 2263 | 2263 | $ | (4052) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 125 | (17064) | 131 | 12 | 12 | 12 | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 332 | (42965) | 683 | 133 | 133 | 133 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 1197 | (169636) | 1761 | 408 | 408 | 408 | 0 |
| Gas Oil March Futures  | Gas Oil March Futures  | 03/2026 | 03/2026 | 55 | (3387) | 129 | 26 | 26 | 26 | 0 |
| Gold 100 oz. February Futures  | Gold 100 oz. February Futures  | 02/2026 | 02/2026 | 143 | (62078) | (613) | 646 | 646 | 646 | 0 |
| Hard Red Winter Wheat July Futures  | Hard Red Winter Wheat July Futures  | 07/2026 | 07/2026 | 13 | (352) | 2 | 4 | 4 | 4 | 0 |
| Hard Red Winter Wheat May Futures  | Hard Red Winter Wheat May Futures  | 05/2026 | 05/2026 | 4 | (106) | (2) | 1 | 1 | 1 | 0 |
| LME Aluminum January Futures  | LME Aluminum January Futures  | 01/2026 | 01/2026 | 299 | (22267) | (1620) | 0 | 0 | 0 | 0 |
| LME Aluminum March Futures  | LME Aluminum March Futures  | 03/2026 | 03/2026 | 209 | (15646) | (764) | 0 | 0 | 0 | 0 |
| LME Aluminum May Futures  | LME Aluminum May Futures  | 05/2026 | 05/2026 | 136 | (10218) | (621) | 0 | 0 | 0 | 0 |
| LME Lead January Futures  | LME Lead January Futures  | 01/2026 | 01/2026 | 26 | (1287) | 28 | 0 | 0 | 0 | 0 |
| LME Lead March Futures  | LME Lead March Futures  | 03/2026 | 03/2026 | 26 | (1305) | (17) | 0 | 0 | 0 | 0 |
| LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 01/2026 | 107 | (10622) | (954) | 0 | 0 | 0 | 0 |
| LME Nickel March Futures  | LME Nickel March Futures  | 03/2026 | 03/2026 | 94 | (9384) | (811) | 0 | 0 | 0 | 0 |
| LME Nickel May Futures  | LME Nickel May Futures  | 05/2026 | 05/2026 | 73 | (7334) | (569) | 0 | 0 | 0 | 0 |
| LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 01/2026 | 277 | (21423) | (592) | 0 | 0 | 0 | 0 |
| LME Zinc March Futures  | LME Zinc March Futures  | 03/2026 | 03/2026 | 139 | (10838) | (268) | 0 | 0 | 0 | 0 |
| LME Zinc May Futures  | LME Zinc May Futures  | 05/2026 | 05/2026 | 85 | (6640) | (84) | 0 | 0 | 0 | 0 |
| New York Harbor March Futures  | New York Harbor March Futures  | 02/2026 | 02/2026 | 7 | (618) | 88 | 9 | 9 | 9 | 0 |
| Silver March Futures  | Silver March Futures  | 03/2026 | 03/2026 | 28 | (9884) | (1799) | 1024 | 1024 | 1024 | 0 |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 990 | (206701) | (353) | 70 | 70 | 70 | 0 |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 636 | (71406) | 134 | 41 | 41 | 41 | (11) |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 710 | (82072) | 620 | 155 | 155 | 155 | 0 |
| Wheat March Futures  | Wheat March Futures  | 03/2026 | 03/2026 | 164 | (4157) | 344 | 31 | 31 | 31 | 0 |
| Wheat May Futures  | Wheat May Futures  | 05/2026 | 05/2026 | 9 | (233) | 4 | 2 | 2 | 2 | 0 |
| WTI Crude June Futures  | WTI Crude June Futures  | 05/2026 | 05/2026 | 67 | (3820) | 112 | 0 | 0 | 0 | 0 |
| WTI Crude March Futures  | WTI Crude March Futures  | 02/2026 | 02/2026 | 5 | (286) | 0 | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  | $ | 2562 | 2562 | $ | (11) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **4825** | **4825** | **$** | **(4063)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Pay/<br>Receive<br>Floating Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | Annual | 09/17/2030 | GBP | 158600 | $(721) | 880 | 880 | $179 | 179 | $0 |
| Pay<sup>(1)</sup> | Annual | 03/18/2031 |  | 72600 | 314 | 382 | 382 | 91 | 91 | 0 |
| Receive | Semi-Annual | 06/18/2028 | JPY | 13680 | (4) | 2 | 2 | 0 | 0 | 0 |
| Receive | Annual | 09/14/2028 |  | 6260000 | (72) | 759 | 759 | 35 | 35 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | Semi-Annual | 03/20/2029 | 385260 | (147) | 221 | 74 | 3 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 2933000 | 56 | 1091 | 1147 | 33 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.300 | Semi-Annual | 11/15/2028 | $37700 | (498) | (948) | (1446) | 0 | (39) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 12450 | (157) | (306) | (463) | 0 | (13) |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 126761 | (45) | 584 | 539 | 181 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 169101 | 168 | (2) | 166 | 242 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 6312 | (6) | (57) | (63) | 11 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.085 | Annual | 02/13/2034 | 30 | 0 | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 13000 | 579 | (85) | 494 | 27 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 2300 | 5 | 19 | 24 | 5 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 2300 | (2) | 15 | 13 | 5 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 3902 | 10 | 7 | 17 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.285 | Semi-Annual | 11/15/2053 | 14330 | 900 | 4283 | 5183 | 40 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 41500 | 580 | 580 | 1160 | 141 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 37357 | 278 | 369 | 647 | 128 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | 11/21/2053 | 11000 | 683 | 3383 | 4066 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | 02/13/2054 | 50900 | 1074 | 10692 | 11766 | 151 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 19200 | 511 | 1757 | 2268 | 62 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.465 | Annual | 12/08/2027 | 26800 | (348) | 223 | (125) | 3 | 0 |
| Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 | 136670 | (57) | (2832) | (2889) | 0 | (189) |
| Receive | 6-Month EUR-EURIBOR | 0.190 | Annual | 11/04/2052 | 3600 | 223 | 2165 | 2388 | 8 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.195 | Annual | 11/04/2052 | 3700 | 2 | 2448 | 2450 | 8 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.197 | Annual | 11/08/2052 | 7000 | 436 | 4194 | 4630 | 16 | 0 |
| Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 | 26000 | (371) | 1921 | 1550 | 87 | 0 |
| Receive | CPTFEMU | 2.965 | Maturity | 05/15/2027 | 11300 | 0 | 211 | 211 | 0 | (4) |
| Receive | CPTFEMU | 3.000 | Maturity | 05/15/2027 | 10000 | 5 | 159 | 164 | 0 | (4) |
| Receive | CPTFEMU | 3.130 | Maturity | 05/15/2027 | 4100 | 0 | 33 | 33 | 0 | (2) |
| Receive | CPTFEMU | 1.636 | Maturity | 06/15/2027 | 37600 | 0 | 64 | 64 | 0 | (6) |
| Pay | CPTFEMU | 1.380 | Maturity | 03/15/2031 | 9810 | (89) | (1952) | (2041) | 17 | 0 |
| Receive | CPTFEMU | 2.049 | Maturity | 08/15/2034 | 18500 | (7) | (325) | (332) | 0 | (17) |
| Receive | CPTFEMU | 2.034 | Maturity | 09/15/2034 | 13600 | (33) | (182) | (215) | 0 | (10) |
| Receive | CPTFEMU | 2.487 | Maturity | 05/15/2037 | 50 | 1 | (2) | (1) | 0 | 0 |
| Pay | CPTFEMU | 2.580 | Maturity | 03/15/2052 | 1600 | 1 | 89 | 90 | 5 | 0 |
| Pay | CPTFEMU | 2.590 | Maturity | 03/15/2052 | 2300 | (60) | 197 | 137 | 7 | 0 |
| Pay | CPTFEMU | 2.550 | Maturity | 04/15/2052 | 900 | 1 | 49 | 50 | 3 | 0 |
| Pay | CPTFEMU | 2.421 | Maturity | 05/15/2052 | 950 | 0 | 20 | 20 | 2 | 0 |
| Pay | CPTFEMU | 2.590 | Maturity | 12/15/2052 | 2900 | 0 | 341 | 341 | 6 | 0 |
| Pay | CPTFEMU | 2.680 | Maturity | 04/15/2053 | 4200 | 4 | 646 | 650 | 10 | 0 |
| Pay | CPTFEMU | 2.700 | Maturity | 04/15/2053 | 3700 | 25 | 572 | 597 | 9 | 0 |
| Pay | CPTFEMU | 2.763 | Maturity | 09/15/2053 | 6600 | 18 | 1188 | 1206 | 14 | 0 |
| Pay | CPTFEMU | 2.682 | Maturity | 10/15/2053 | 2100 | 0 | 328 | 328 | 4 | 0 |
| Pay | CPTFEMU | 2.736 | Maturity | 10/15/2053 | 3400 | 31 | 559 | 590 | 7 | 0 |
| Pay | CPURNSA | 2.700 | Maturity | 01/14/2026 | $3100 | 0 | (8) | (8) | 0 | (2) |
| Pay | CPURNSA | 3.042 | Maturity | 02/21/2026 | 7600 | 0 | 24 | 24 | 1 | 0 |
| Receive | CPURNSA | 2.313 | Maturity | 02/26/2026 | 13700 | 0 | 1685 | 1685 | 1 | 0 |
| Receive | CPURNSA | 2.418 | Maturity | 03/05/2026 | 15300 | 0 | 1789 | 1789 | 0 | (2) |
| Receive | CPURNSA | 2.767 | Maturity | 05/13/2026 | 11500 | 0 | 1094 | 1094 | 0 | (1) |
| Receive | CPURNSA | 2.813 | Maturity | 05/14/2026 | 5500 | 0 | 509 | 509 | 0 | 0 |
| Receive | CPURNSA | 2.703 | Maturity | 05/25/2026 | 10230 | 0 | 995 | 995 | 0 | 0 |
| Receive | CPURNSA | 2.690 | Maturity | 06/01/2026 | 600 | 0 | 58 | 58 | 0 | 0 |
| Pay | CPURNSA | 2.335 | Maturity | 02/05/2028 | 4720 | 405 | (931) | (526) | 3 | 0 |
| Pay | CPURNSA | 2.352 | Maturity | 05/09/2028 | 1820 | 167 | (361) | (194) | 0 | 0 |
| Pay | CPURNSA | 2.360 | Maturity | 05/09/2028 | 2740 | 253 | (542) | (289) | 0 | 0 |
| Pay | CPURNSA | 2.364 | Maturity | 05/10/2028 | 5590 | 519 | (1107) | (588) | 0 | (1) |
| Receive | CPURNSA | 2.573 | Maturity | 08/26/2028 | 1200 | 0 | 92 | 92 | 1 | 0 |
| Pay | CPURNSA | 2.165 | Maturity | 04/16/2029 | 7000 | 455 | (1389) | (934) | 0 | (12) |
| Pay | CPURNSA | 1.954 | Maturity | 06/03/2029 | 1300 | 55 | (254) | (199) | 0 | (2) |
| Pay | CPURNSA | 1.280 | Maturity | 05/19/2030 | 4500 | (153) | (846) | (999) | 0 | (7) |
| Receive | UKRPI | 3.365 | Maturity | 09/15/2027 | 17700 | 0 | (241) | (241) | 0 | (6) |
| Pay | UKRPI | 3.500 | Maturity | 08/15/2034 | 15600 | 88 | 700 | 788 | 15 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 12800 |  | (2) |  | 578 |  | 576 |  | 0 | 0 |  | (1) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**5075** | **5075** | $**36066** | **36066** | $**41141** | **41141** | $**1601** | **1601** | **1601** | $**(318)** | **(318)** |
| **(k)** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $30,786 and cash of $34,550 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(2)</sup> | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. | Unsettled variation margin asset of $277 and liability of $(397) for closed futures is outstanding at period end. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $3924 | 3924 | JPY | 610025 | 610025 | 610025 | 0 | 0 | 0 | 0 | $(27) | (27) | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | INR | 5478 | 5478 | $ | $60 | 60 | 60 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 1753246 | 1753246 |  | 1205 | 1205 | 1205 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 24024 | 24024 |  | 742 | 742 | 742 | 0 | 0 | 0 | 0 | (21) | (21) | (21) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 83301 | 83301 |  | 2732 | 2732 | 2732 | 79 | 79 | 79 | 79 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $8815 | 8815 | PLN | 32270 | 32270 | 32270 | 173 | 173 | 173 | 173 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 433 | 433 | TWD | 13660 | 13660 | 13660 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1700 | 1700 | ZAR | 28336 | 28336 | 28336 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 6896 | 6896 | $ | $2165 | 2165 | 2165 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CNY | 1 | 1 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $587 | 587 | MXN | 10828 | 10828 | 10828 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 16834 | 16834 | $ | $10942 | 10942 | 10942 | 0 | 0 | 0 | 0 | (293) | (293) | (293) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 782 | 782 |  | 993 | 993 | 993 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 55210 | 55210 |  | 7835 | 7835 | 7835 | 0 | 0 | 0 | 0 | (87) | (87) | (87) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 11406 | 11406 |  | 3508 | 3508 | 3508 | 0 | 0 | 0 | 0 | (74) | (74) | (74) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 183012 | 183012 |  | 2030 | 2030 | 2030 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 714500 | 714500 |  | 4624 | 4624 | 4624 | 59 | 59 | 59 | 59 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 11443 | 11443 |  | 6502 | 6502 | 6502 | 0 | 0 | 0 | 0 | (88) | (88) | (88) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 9705 | 9705 |  | 2660 | 2660 | 2660 | 0 | 0 | 0 | 0 | (43) | (43) | (43) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 286845 | 286845 |  | 9434 | 9434 | 9434 | 302 | 302 | 302 | 302 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $8959 | 8959 | CNH | 62753 | 62753 | 62753 | 40 | 40 | 40 | 40 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2620 | 2620 | IDR | 43823873 | 43823873 | 43823873 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1651 | 1651 | INR | 148979 | 148979 | 148979 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3041 | 3041 | PHP | 179674 | 179674 | 179674 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 8581 | 8581 | PLN | 31266 | 31266 | 31266 | 127 | 127 | 127 | 127 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 16790 | 16790 | TWD | 526970 | 526970 | 526970 | 27 | 27 | 27 | 27 | (37) | (37) | (37) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3735 | 3735 | ZAR | 62268 | 62268 | 62268 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 26234 | 26234 | $ | $1568 | 1568 | 1568 | 0 | 0 | 0 | 0 | (14) | (14) | (14) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $2133 | 2133 | INR | 192231 | 192231 | 192231 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 5314 | 5314 | TWD | 166783 | 166783 | 166783 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 54199 | 54199 | $ | $1745 | 1745 | 1745 | 22 | 22 | 22 | 22 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $6353 | 6353 | CZK | 132205 | 132205 | 132205 | 85 | 85 | 85 | 85 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 20700 | 20700 | $ | $3624 | 3624 | 3624 | 0 | 0 | 0 | 0 | (76) | (76) | (76) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | DKK | 178245 | 178245 |  | 27660 | 27660 | 27660 | 0 | 0 | 0 | 0 | (400) | (400) | (400) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 2996 | 2996 |  | 934 | 934 | 934 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1628 | 1628 | AUD | 2436 | 2436 | 2436 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7669 | 7669 | MYR | 31484 | 31484 | 31484 | 99 | 99 | 99 | 99 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 751 | 751 | PLN | 2734 | 2734 | 2734 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1555 | 1555 | TRY | 69807 | 69807 | 69807 | 67 | 67 | 67 | 67 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 191 | 191 | ZAR | 3317 | 3317 | 3317 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 2954 | 2954 | $ | $917 | 917 | 917 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1591 | 1591 | MXN | 29496 | 29496 | 29496 | 39 | 39 | 39 | 39 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 4982 | 4982 |  | 92247 | 92247 | 92247 | 105 | 105 | 105 | 105 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 21789 | 21789 | TRY | 1002177 | 1002177 | 1002177 | 192 | 192 | 192 | 192 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | 01/2026  | JPY | 1883316 | 1883316 | $ | $12100 | 12100 | 12100 | 68 | 68 | 68 | 68 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | PEN | 2313 | 2313 |  | 661 | 661 | 661 | 0 | 0 | 0 | 0 | (26) | (26) | (26) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 39200 | 39200 |  | 6902 | 6902 | 6902 | 6 | 6 | 6 | 6 | (111) | (111) | (111) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | CAD | 19 | 19 |  | 14 | 14 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 3142 | 3142 |  | 3661 | 3661 | 3661 | 0 | 0 | 0 | 0 | (33) | (33) | (33) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 4 | 4 |  | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 3913 | 3913 |  | 2259 | 2259 | 2259 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 49 | 49 |  | 13 | 13 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 443908 | 443908 |  | 14610 | 14610 | 14610 | 476 | 476 | 476 | 476 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $2327 | 2327 | AUD | 3509 | 3509 | 3509 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 5831 | 5831 | CNH | 40706 | 40706 | 40706 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 324 | 324 | EUR | 278 | 278 | 278 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 493 | 493 | ILS | 1577 | 1577 | 1577 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 46227 | 46227 | INR | 4128303 | 4128303 | 4128303 | 26 | 26 | 26 | 26 | (431) | (431) | (431) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 630 | 630 | PLN | 2262 | 2262 | 2262 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2 | 2 | THB | 79 | 79 | 79 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 4257 | 4257 | TWD | 133083 | 133083 | 133083 | 3 | 3 | 3 | 3 | (22) | (22) | (22) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 610 | 610 | ZAR | 10367 | 10367 | 10367 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 5481 | 5481 | $ | $1724 | 1724 | 1724 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1813 | 1813 | KRW | 2615013 | 2615013 | 2615013 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 133 | 133 | TWD | 4168 | 4168 | 4168 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CNY | 310 | 310 | $ | $44 | 44 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 58907 | 58907 |  | 1893 | 1893 | 1893 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 01/2026  | 01/2026  | ILS | 4942 | 4942 |  | 1536 | 1536 | 1536 | 0 | 0 | 0 | 0 | (15) | (15) | (15) |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 3053 | 1765 | 7 | 0 |
|  | 01/2026  | $2487 | 7936 | 4 | 0 |
|  | 01/2026  | 14460 | 1287744 | 0 | (167) |
|  | 01/2026  | 8998 | 13200434 | 157 | 0 |
|  | 01/2026  | 1897 | 32095 | 39 | 0 |
|  | 02/2026  | 7934 | $2487 | 0 | (4) |
|  | 02/2026  | $4535 | 1492941 | 17 | 0 |
|  | 02/2026  | 180 | 5627 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 34311 | $22285 | 0 | (613) |
|  | 01/2026  | 8144 | 1467 | 0 | (19) |
|  | 01/2026  | 857 | 1069 | 0 | (14) |
|  | 01/2026  | 27520 | 3910 | 0 | (39) |
|  | 01/2026  | 314 | 412 | 0 | (11) |
|  | 01/2026  | 9681 | 5547 | 0 | (29) |
|  | 01/2026  | 13 | 10 | 0 | 0 |
|  | 01/2026  | $1480 | 8144 | 6 | 0 |
|  | 01/2026  | 1317 | 4223 | 9 | 0 |
|  | 01/2026  | 10818 | 39672 | 232 | 0 |
|  | 01/2026  | 1795 | 30226 | 27 | 0 |
|  | 02/2026  | 4221 | $1317 | 0 | (9) |
|  | 02/2026  | $1467 | 8205 | 19 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 126 | $39 | 0 | (1) |
|  | 01/2026  | $1381 | 1107 | 18 | 0 |
|  | 01/2026  | 4191 | 29541 | 48 | 0 |
|  | 01/2026  | 740 | 3037 | 9 | 0 |
|  | 01/2026  | 4786 | 17483 | 84 | 0 |
|  | 01/2026  | 1911 | 60841 | 22 | 0 |
|  | 01/2026  | 177 | 3048 | 7 | 0 |
|  | 02/2026  | 57812 | 317208 | 4 | (365) |
|  | 02/2026  | 3076 | 57050 | 77 | 0 |
|  | 03/2026  | 291 | $53 | 1 | 0 |
|  | 03/2026  | $2353 | 43645 | 58 | 0 |
|  | 04/2026  | 108500 | $18942 | 39 | (491) |
|  | 04/2026  | $4959 | 91444 | 70 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 8123 | $1476 | 0 | (6) |
|  | 01/2026  | 860 | 1074 | 0 | (12) |
|  | 01/2026  | 114560 | 16266 | 0 | (172) |
|  | 01/2026  | 28456 | 8746 | 0 | (189) |
|  | 01/2026  | 169744 | 1907 | 23 | 0 |
|  | 01/2026  | 25454002 | 17739 | 86 | 0 |
|  | 01/2026  | 594 | 58 | 0 | (1) |
|  | 01/2026  | 5645 | 3275 | 24 | 0 |
|  | 01/2026  | 17794 | 4855 | 0 | (101) |
|  | 01/2026  | $1510 | 8123 | 0 | (28) |
|  | 01/2026  | 5217 | 36648 | 42 | 0 |
|  | 01/2026  | 16377 | 115304 | 68 | 0 |
|  | 01/2026  | 5962 | 530913 | 0 | (69) |
|  | 01/2026  | 33614 | 625181 | 1021 | 0 |
|  | 01/2026  | 10287 | 37875 | 262 | 0 |
|  | 01/2026  | 65 | 1117 | 2 | 0 |
|  | 02/2026  | 17739 | 25420599 | 0 | (112) |
|  | 02/2026  | 2168 | 40216 | 55 | 0 |
|  | 03/2026  | 3210 | 58854 | 38 | 0 |
|  | 04/2026  | 44700 | $7542 | 0 | (447) |
|  | 04/2026  | $1848 | 34039 | 25 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 45503 | $32331 | 0 | (840) |
|  | 01/2026  | 1201 | 1512 | 0 | (5) |
|  | 01/2026  | 1936 | 2601 | 0 | (9) |
|  | 01/2026  | 925334 | 5957 | 45 | 0 |
|  | 01/2026  | 3853 | 2227 | 8 | 0 |
|  | 01/2026  | 7468 | 2042 | 0 | (39) |
|  | 01/2026  | 43048 | 33177 | 0 | (334) |
|  | 01/2026  | $408 | 346 | 0 | (1) |
|  | 01/2026  | 658 | 59594 | 3 | 0 |
|  | 01/2026  | 1546 | 5666 | 33 | 0 |
|  | 01/2026  | 7474 | 242106 | 217 | 0 |
|  | 01/2026  | 667 | 21068 | 4 | 0 |
|  | 02/2026  | 1414 | 26178 | 33 | 0 |
|  | 03/2026  | 1339 | 24638 | 21 | 0 |
|  | 04/2026  | 1481 | 27337 | 22 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 10 | $3 | 0 | 0 |
|  | 01/2026  | 7 | 2 | 0 | 0 |
|  | 01/2026  | $22 | 3372 | 0 | 0 |
|  | 02/2026  | 10786 | $3350 | 0 | (37) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | $9551 | 13992623 | 154 | 0 |
|  | 01/2026  | 2492 | 112474 | 86 | 0 |
|  | 03/2026  | 794 | 36114 | 10 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 54871 | $7788 | 0 | (86) |
|  | 01/2026  | 27298 | 300 | 0 | (3) |
|  | 01/2026  | 1653431 | 10627 | 63 | 0 |
|  | 01/2026  | 159466 | 5239 | 162 | 0 |
|  | 01/2026  | $4359 | 72894275 | 6 | 0 |
|  | 01/2026  | 2347 | 210842 | 1 | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 88115 | $102016 | 0 | (1581) |
|  | 01/2026  | 5465121 | 34943 | 28 | 0 |
|  | 01/2026  | $899 | 777 | 14 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  |  |  | 26898 | GBP | 20538 | 20538 | 20538 | 20538 | 20538 |  | 787 | 787 | 787 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  |  |  | 2836 | RON | 12325 | 12325 | 12325 | 12325 | 12325 |  | 6 | 6 | 6 |  |  | 0 | 0 |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  |  |  |  |  | 1415 | MXN | 26192 | 26192 | 26192 | 26192 | 26192 |  | 32 | 32 | 32 |  |  | 0 | 0 |
|  |  |  |  | 03/2026  | 03/2026  | 03/2026  | MXN | MXN | MXN | MXN | 47 | $ | 2 | 2 | 2 | 2 | 2 |  | 0 | 0 | 0 |  |  | 0 | 0 |
|  |  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $ | $ | $ | 3184 | CLP | 3086246 | 3086246 | 3086246 | 3086246 | 3086246 |  | 247 | 247 | 247 |  |  | 0 | 0 |
|  |  |  |  | 03/2026  | 03/2026  | 03/2026  |  |  |  |  | 919 | MXN | 17215 | 17215 | 17215 | 17215 | 17215 |  | 31 | 31 | 31 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 01/2026  | 01/2026  | GBP | GBP | GBP | GBP | 1989 | $ | 2686 | 2686 | 2686 | 2686 | 2686 |  | 5 | 5 | 5 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 01/2026  | CHF | CHF | CHF | CHF | 3660 |  | 4573 | 4573 | 4573 | 4573 | 4573 |  | 0 | 0 | 0 |  |  | (52) | (52) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | PLN | PLN | PLN | 7503 |  | 2056 | 2056 | 2056 | 2056 | 2056 |  | 0 | 0 | 0 |  |  | (34) | (34) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $ | $ | $ | 5452 | PLN | 19756 | 19756 | 19756 | 19756 | 19756 |  | 51 | 51 | 51 |  |  | (1) | (1) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  |  |  |  | 333 | ZAR | 5791 | 5791 | 5791 | 5791 | 5791 |  | 16 | 16 | 16 |  |  | 0 | 0 |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  |  |  |  |  | 1604 | COP | 6006238 | 6006238 | 6006238 | 6006238 | 6006238 |  | 0 | 0 | 0 |  |  | (44) | (44) |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  |  |  |  |  | 2914 | MXN | 53981 | 53981 | 53981 | 53981 | 53981 |  | 69 | 69 | 69 |  |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**6899** | **6899** | **6899** | **6899** | **$** | $**(7822)** | **(7822)** | **(7822)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Initial<br>Index | Initial<br>Index | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| GLM | GLM | GLM | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | 100.151 | 100.151 | 100.151 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 06/22/2035 |  | 1900 | 1900 | 1900 | (86) | (86) | (86) | $ | $(40) | (40) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BRC | BRC | BRC | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.440% | 2.440% | 2.440% | 01/25/2027 | 01/25/2027 |  | 6200 | 6200 | 6200 | (55) | (55) | (55) | $ | $(25) | (25) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.440 | 2.440 | 2.440 | 01/25/2027 | 01/25/2027 |  | 6200 | 6200 | 6200 | (55) | (55) | (55) |  | (34) | (34) |
| GLM | GLM | GLM | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 |  | 33700 | 33700 | 33700 | (306) | (306) | (306) |  | (113) | (113) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 |  | 33700 | 33700 | 33700 | (306) | (306) | (306) |  | (221) | (221) |
|  |  |  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 |  | 85100 | 85100 | 85100 | (780) | (780) | (780) |  | (416) | (416) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 |  | 85100 | 85100 | 85100 | (780) | (780) | (780) |  | (413) | (413) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2282) | (2282) | (2282) | $ | $(1222) | (1222) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(2368)** | **(2368)** | **(2368)** | **$** | $**(1262)** | **(1262)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Liability |
| GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500% | 11/17/2059 | 11/17/2059 | 11/17/2059 | 11/17/2059 | 3200 | $ | $ | (95) | (95) | 104 | $ | 9 | 9 | 9 | 0 |
|  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 35 |  |  | (2) | (2) | 2 |  | 0 | 0 | 0 | 0 |
|  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 09/17/2058 | 09/17/2058 | 09/17/2058 | 09/17/2058 | 67 |  |  | (4) | (4) | 4 |  | 0 | 0 | 0 | 0 |
| MYC | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 11/17/2059 | 11/17/2059 | 11/17/2059 | 11/17/2059 | 13300 |  |  | (440) | (440) | 480 |  | 40 | 40 | 40 | 0 |
| UAG | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 11/17/2059 | 11/17/2059 | 11/17/2059 | 11/17/2059 | 5200 |  |  | (151) | (151) | 167 |  | 16 | 16 | 16 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | $ | (692) | (692) | 757 | $ | 65 | 65 | 65 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Receive | Receive | Receive | CPURNSA | CPURNSA | CPURNSA | 1.800% | 1.800% | 1.800% | 07/20/2026 | 07/20/2026 | 07/20/2026 | $ | 1900 | 1900 | $ | 0 | 0 | $(338) | (338) | $0 | 0 | 0 | $(338) |
|  |  | Receive | Receive | Receive | CPURNSA | CPURNSA | CPURNSA | 1.805 | 1.805 | 1.805 | 09/20/2026 | 09/20/2026 | 09/20/2026 |  | 900 | 900 |  | 0 | 0 | (159) | (159) | 0 | 0 | 0 | (159) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | $ | 0 | 0 | (497) | $ | 0 | 0 | 0 | (497) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | Receive | Receive | MLPIREIL Index  | MLPIREIL Index  | MLPIREIL Index  | 199444 | 199444 | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | Monthly | 06/10/2026 | 06/10/2026 | 06/10/2026 | $19107 | 19107 | $ | 0 | 0 | $(20) | (20) | $0 | 0 | 0 | $(20) |

---

------

<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Pay | MLPIREIS Index  | MLPIREIS Index  | 184712 | &nbsp;&nbsp; 4.140% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.140% (FEDL01 plus a specified spread) | Monthly | 06/10/2026 | 17498 | 0 | 0 | 20 | 20 | 20 | 20 | 0 |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Receive | DWRTFT Index  | DWRTFT Index  | 1532 | &nbsp;&nbsp; 4.190% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.190% (SOFR plus a specified spread) | Monthly | 05/06/2026 | 21457 | 0 | 0 | (77) | (77) | 0 | 0 | (77) |
|  |  | Receive | DWRTFT Index  | DWRTFT Index  | 688 | &nbsp;&nbsp; 4.220% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.220% (SOFR plus a specified spread) | Monthly | 07/15/2026 | 9685 | 0 | 0 | (38) | (38) | 0 | 0 | (38) |
|  |  | Receive | DWRTFT Index  | DWRTFT Index  | 1075 | &nbsp;&nbsp; 4.250% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.250% (SOFR plus a specified spread) | Monthly | 08/05/2026 | 15132 | 0 | 0 | (60) | (60) | 0 | 0 | (60) |
| &nbsp;&nbsp; CIB | &nbsp;&nbsp; CIB | Receive | PIMCODB Index  | PIMCODB Index  | 87363 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | Monthly | 06/15/2026 | 18782 | 0 | 0 | 124 | 124 | 124 | 124 | 0 |
| &nbsp;&nbsp; MAC | &nbsp;&nbsp; MAC | Receive | PIMCODB Index  | PIMCODB Index  | 84311 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | Monthly | 08/17/2026 | 17354 | 0 | 0 | 123 | 123 | 123 | 123 | 0 |
| &nbsp;&nbsp; MYI | &nbsp;&nbsp; MYI | Receive | DWRTFT Index  | DWRTFT Index  | 1924 | &nbsp;&nbsp; 4.230% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.230% (FEDL01 plus a specified spread) | Monthly | 02/18/2026 | 27084 | 0 | 0 | (106) | (106) | 0 | 0 | (106) |
|  |  | Receive | DWRTFT Index  | DWRTFT Index  | 1761 | &nbsp;&nbsp; 4.240% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.240% (SOFR plus a specified spread) | Monthly | 06/03/2026 | 24789 | 0 | 0 | (98) | (98) | 0 | 0 | (98) |
|  |  | Receive | DWRTFT Index  | DWRTFT Index  | 1273 | &nbsp;&nbsp; 4.19% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.19% (SOFR plus a specified spread) | Monthly | 07/08/2026 | 17920 | 0 | 0 | (70) | (70) | 0 | 0 | (70) |
|  |  | Receive | DWRTFT Index  | DWRTFT Index  | 628 | &nbsp;&nbsp; 4.390% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.390% (SOFR plus a specified spread) | Monthly | 11/04/2026 | 8840 | 0 | 0 | (36) | (36) | 0 | 0 | (36) |
|  |  |  |  |  |  |  |  |  |  |  | $0 | 0 | $(238) | (238) | $267 | 267 | $(505) |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | # of Shares | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | Pay | Coursera, Inc.  | 0 | &nbsp;&nbsp; 3.900% (SOFR less a specified spread) | &nbsp;&nbsp; 3.900% (SOFR less a specified spread) | Monthly | 12/18/2026 | 129 | $0 | 0 | $9 | 9 | $9 | 9 | $0 |
| &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | Pay | Pay | Palo Alto Networks,Inc.  | 0 | &nbsp;&nbsp; 4.025% (SOFR less a specified spread) | &nbsp;&nbsp; 4.025% (SOFR less a specified spread) | Monthly | 03/25/2026 | 446 | 0 | 0 | 2 | 2 | 2 | 2 | 0 |
|  |  | Pay | Pay | Union Pacific Corp.  | 0 | &nbsp;&nbsp; 4.050% (SOFR less a specified spread) | &nbsp;&nbsp; 4.050% (SOFR less a specified spread) | Monthly | 03/25/2026 | 393 | 0 | 0 | (3) | (3) | 0 | 0 | (3) |
|  |  | Pay | Pay | Kimberly - Clark Corp.  | 0 | &nbsp;&nbsp; 3.850% (SOFR less a specified spread) | &nbsp;&nbsp; 3.850% (SOFR less a specified spread) | Monthly | 11/06/2026 | 470 | 0 | 0 | (3) | (3) | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  | $ | 0 | $ | 5 | $ | 11 | $ | (6) |
| **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<br>Volatility | Pay/Receive<br>Volatility | Reference Entity | Reference Entity | Volatility<br>Strike | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 4.951% | Maturity | 11/15/2027 | 11/15/2027 | 22472 | $0 | 0 | $84 | 84 | $84 | 84 | $0 |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Pay | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  | 4.431 | Maturity | 10/18/2027 | 10/18/2027 | 5650 | 0 | 0 | (5) | (5) | 0 | 0 | (5) |
|  |  |  |  |  |  |  |  |  |  |  | $0 | 0 | $79 | 79 | $84 | 84 | $(5) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(692)** | **$** | **106** | **$** | **427** | **$** | **(1013)** |
| **(m)** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,026 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| <sup>(6)</sup> | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |

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<br> Consolidated Schedule of Investments PIMCO Inflation Response Multi-Asset Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $28254 | $0 | $28254 |
| Industrials | 0 | 20397 | 0 | 20397 |
| Utilities | 0 | 441 | 0 | 441 |
| U.S. Government Agencies | 0 | 629611 | 0 | 629611 |
| U.S. Treasury Obligations | 0 | 1271713 | 0 | 1271713 |
| Non-Agency Mortgage-Backed Securities | 0 | 30672 | 21088 | 51760 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| CMBS Other | 0 | 9355 | 0 | 9355 |
| Home Equity Other | 0 | 21529 | 0 | 21529 |
| Home Equity Sequential | 0 | 28 | 0 | 28 |
| Whole Loan Collateral | 0 | 12371 | 0 | 12371 |
| Other ABS | 0 | 99767 | 0 | 99767 |
| Sovereign Issues | 0 | 149751 | 0 | 149751 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | 673 | 0 | 0 | 673 |
| Consumer Discretionary | 181 | 0 | 0 | 181 |
| Consumer Staples | 545 | 439 | 0 | 984 |
| Financials | 175 | 0 | 0 | 175 |
| Health Care | 1015 | 0 | 0 | 1015 |
| Industrials | 728 | 0 | 0 | 728 |
| Information Technology | 773 | 0 | 0 | 773 |
| Real Estate | 180 | 0 | 0 | 180 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | 0 | 677 | 0 | 677 |
| Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts |
| Real Estate | 86301 | 0 | 0 | 86301 |
| Commodities | 0 | 298165 | 0 | 298165 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 472782 | 0 | 472782 |
| U.S. Treasury Bills | 0 | 2076 | 0 | 2076 |
|  | $90571 | $3048028 | $21088 | $3159687 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Mutual Funds | 216119 | 0 | 0 | 216119 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | 299 | 0 | 0 | 299 |
|  | $216418 | $0 | $0 | $216418 |
| Total Investments | $306989 | $3048028 | $21088 | $3376105 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 4662 | 1867 | 0 | 6529 |
| Over the counter | 0 | 7326 | 0 | 7326 |
|  | $4662 | $9193 | $0 | $13855 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (10869) | (803) | 0 | (11672) |
| Over the counter | 0 | (10097) | 0 | (10097) |
|  | $(10869) | $(10900) | $0 | $(21769) |
| Total Financial Derivative Instruments | $(6207) | $(1707) | $0 | $(7914) |
| Totals | $300782 | $3046321 | $21088 | $3368191 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 134.6% ¤** |  |  |
| **ARGENTINA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $3864 | $3302 |
| 1.000% due 07/09/2029  | 101 | 90 |
| 3.500% due 07/09/2041 þ  | 920 | 638 |
| Total Argentina (Cost $3,353) |  | 4030 |
| **AUSTRALIA 4.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Bank of Queensland Ltd.** <br>3.300% due 07/30/2029 | 30377 | 36287 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.0%**  |  |  |
| **Project Cashmere**  |  |  |
| 4.543% due 12/30/2057 «(b)  | 224800 | 150020 |
| 5.713% due 12/30/2057 «(b)  | 12700 | 8475 |
| 5.863% due 12/30/2057 «(b)  | 8900 | 5940 |
| 6.163% due 12/30/2057 «(b)  | 4700 | 3137 |
| 6.563% due 12/30/2057 «(b)  | 3400 | 2269 |
|  |  | 169841 |
| **SOVEREIGN ISSUES 2.8%**  |  |  |
| **Australia Government Bonds**  |  |  |
| 1.750% due 06/21/2051  | 8800 | 3004 |
| 2.500% due 05/21/2030  | 15800 | 9818 |
| **Australian Capital Territory** <br>4.750% due 10/23/2030 | 67900 | 45426 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 199070 | 102997 |
| 2.000% due 03/08/2033  | 49600 | 27222 |
| 4.750% due 09/20/2035  | 23400 | 15001 |
| **Queensland Treasury Corp.**  |  |  |
| 1.500% due 08/20/2032  | 167400 | 90228 |
| 1.750% due 07/20/2034  | 59100 | 30058 |
| 2.000% due 08/22/2033  | 11000 | 5917 |
| 5.000% due 03/10/2036  | 47800 | 30929 |
| 5.250% due 07/21/2036  | 29600 | 19455 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 09/17/2035  | 34900 | 17347 |
| 2.250% due 09/15/2033  | 102100 | 55759 |
| 4.250% due 12/20/2032  | 34900 | 22321 |
|  |  | 475482 |
| Total Australia (Cost $668,511) |  | 681610 |
| **BELGIUM 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **KBC Group NV** <br>5.796% due 01/19/2029 •  | $8000 | 8264 |
| Total Belgium (Cost $8,000) |  | 8264 |
| **BERMUDA 0.1%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **Symphony CLO XXXII Ltd.** <br>5.419% due 10/23/2035 | $13100 | 13100 |
| **Trinitas CLO XIX Ltd.** <br>4.994% due 10/20/2033 •  | 9314 | 9325 |
| **Trinitas CLO XX Ltd.** <br>4.924% due 07/20/2035 •  | 1700 | 1696 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| Total Bermuda (Cost $24,114) |  | 24121 |
| **BRAZIL 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (e) | 1784000 | 314930 |
| Total Brazil (Cost $319,955) |  | 314930 |
| **BULGARIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.375% due 07/18/2035  | 22400 | 25882 |
| 4.125% due 07/18/2045  | 20000 | 22596 |
| Total Bulgaria (Cost $48,542) |  | 48478 |
| **CANADA 4.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Bank of Nova Scotia** <br>4.299% due 03/20/2028 | $13700 | 13881 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 9000 | 10512 |
| **Royal Bank of Canada**  |  |  |
| 4.878% (SOFRINDX + 1.030%) due 02/04/2031 ~  | $40900 | 41085 |
| 4.969% due 08/02/2030 •  | 8300 | 8509 |
|  |  | 73987 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Real Estate Asset Liquidity Trust**  |  |  |
| 2.381% due 02/12/2055 ~  | 1449 | 1052 |
| 2.867% due 02/12/2055 ~  | 16700 | 11726 |
| 3.650% due 08/12/2053  | 2561 | 1874 |
|  |  | 14652 |
| **SOVEREIGN ISSUES 3.9%**  |  |  |
| **Canada Government Bonds**  |  |  |
| 1.750% due 12/01/2053  | 20660 | 9667 |
| 2.750% due 03/01/2030  | 3400 | 2462 |
| 3.000% due 06/01/2034  | 188700 | 134379 |
| 3.250% due 12/01/2033  | 132000 | 96044 |
| **Canada Government Real Return Bonds** <br>1.500% due 12/01/2044 (f) | 12869 | 8914 |
| **Export Development Canada**  |  |  |
| 4.500% due 01/28/2030  | 6200 | 8510 |
| 7.130% due 03/11/2029  | 2119600 | 23810 |
| **Province of British Columbia** <br>4.150% due 06/18/2034 | 102700 | 77281 |
| **Province of Ontario** <br>3.650% due 06/02/2033 | 29600 | 21755 |
| **Province of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 337100 | 245501 |
| 4.450% due 09/01/2034  | 45700 | 34978 |
|  |  | 663301 |
| Total Canada (Cost $736,155) |  | 751940 |
| **CAYMAN ISLANDS 2.2%**  |  |  |
| **ASSET-BACKED SECURITIES 1.7%**  |  |  |
| **ACREC Ltd.** <br>4.999% due 10/16/2036 •  | $2658 | 2655 |
| **Arbor Realty Commercial Real Estate Notes Ltd.**  |  |  |
| 5.215% due 11/15/2036 •  | 13391 | 13479 |
| 5.434% due 01/15/2037 •  | 12603 | 12679 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | 9200 | 9200 |
| **ARES XLIV CLO Ltd.** <br>5.035% due 04/15/2034 •  | 14200 | 14205 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 1900 | 1900 |
| **Bain Capital Credit CLO Ltd.** <br>4.925% due 07/24/2034 •  | 4900 | 4892 |
| **Benefit Street Partners CLO XXII Ltd.** <br>5.034% due 04/20/2035 •  | 9900 | 9902 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| 0 | 175 | 182 | 227 |
| **Canyon Capital CLO Ltd.** <br>4.915% due 10/15/2034 •  |  | 4000 | 3998 |
| **Canyon CLO Ltd.** <br>4.985% due 07/15/2034 •  |  | 3000 | 2998 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>4.974% due 07/20/2034 •  |  | 11300 | 11306 |
| **Dryden 54 Senior Loan Fund** <br>5.034% due 10/19/2029 •  |  | 2518 | 2520 |
| **Elevation CLO Ltd.** <br>4.988% due 07/25/2034 •  |  | 9300 | 9292 |
| **Fortress Credit BSL VII Ltd.** <br>4.950% due 07/23/2032 •  |  | 1658 | 1660 |
| **Fortress Credit BSL X Ltd.** <br>5.014% due 04/20/2033 •  |  | 6500 | 6507 |
| **GoldenTree Loan Management U.S. CLO 8 Ltd.** <br>5.034% due 10/20/2034 •  |  | 3000 | 3001 |
| **GPMT Ltd.** <br>5.349% due 07/16/2035 •  |  | 999 | 999 |
| **ICG U.S. CLO Ltd.** <br>5.034% due 10/20/2034 •  |  | 9900 | 9905 |
| **Jamestown CLO XVI Ltd.** <br>4.978% due 07/25/2034 •  |  | 9900 | 9902 |
| **KKR CLO 33 Ltd.** <br>4.993% due 07/20/2034 •  |  | 4500 | 4501 |
| **LCM 36 Ltd.** <br>4.975% due 01/15/2034 •  |  | 2000 | 1998 |
| **LoanCore Issuer Ltd.**  |  |  |  |
| 5.165% due 11/15/2038 •  |  | 3031 | 3048 |
| 5.493% due 01/17/2037 •  |  | 3353 | 3358 |
| **Marble Point CLO XXII Ltd.** <br>5.078% due 07/25/2034 •  |  | 12300 | 12313 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  |  | 9800 | 9803 |
| **Neuberger Berman Loan Advisers CLO 43 Ltd.** <br>4.932% due 07/17/2036 •  |  | 900 | 900 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.972% due 10/14/2036 •  |  | 9800 | 9796 |
| **Octagon Investment Partners 39 Ltd.** <br>5.034% due 10/20/2030 •  |  | 1312 | 1314 |
| **OZLM XXIV Ltd.** <br>5.306% due 07/20/2032 •  |  | 5066 | 5069 |
| **PPM CLO 5 Ltd.** <br>4.998% due 10/18/2034 •  |  | 12200 | 12200 |
| **Riserva CLO Ltd.** <br>4.934% due 01/18/2034 •  |  | 8300 | 8300 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  |  | 4300 | 4302 |
| **Romark CLO V Ltd.** <br>5.095% due 01/15/2035 •  |  | 12200 | 12209 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 |  | 11500 | 11572 |
| **Sound Point CLO IX Ltd.** <br>5.356% due 07/20/2032 •  |  | 9205 | 9217 |
| **Sound Point CLO XIX Ltd.** <br>5.166% due 04/15/2031 •  |  | 278 | 278 |
| **Sound Point CLO XXIII** <br>5.336% due 07/15/2034 •  |  | 7400 | 7423 |
| **Starwood Ltd.** <br>5.334% due 11/15/2038 •  |  | 7940 | 7957 |
| **Symphony CLO XXIX Ltd.** <br>5.433% due 10/15/2035 •  |  | 4800 | 4800 |
| **Symphony CLO XXV Ltd.** <br>4.874% due 04/19/2034 •  |  | 14900 | 14899 |
| **Trinitas CLO VII Ltd.** <br>4.918% due 01/25/2035 •  |  | 3600 | 3600 |
| **Venture 44 CLO Ltd.** <br>5.024% due 10/20/2034 •  |  | 1500 | 1500 |
| **Vibrant CLO XI Ltd.** <br>5.266% due 07/20/2032 •  |  | 2305 | 2306 |
|  |  |  | 283663 |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |  |
| **Foxconn Far East Ltd.** <br>1.875% due 08/25/2028 |  | 5200 | 4826 |
| **Gaci First Investment Co.**  |  |  |  |
| 5.250% due 01/29/2034  |  | 9300 | 9560 |
| 5.625% due 07/29/2034  |  | 25800 | 27208 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | EUR | 6700 | 7903 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 | $9200 | 9381 |
|  |  | 58878 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **KSA Sukuk Ltd.** <br>5.268% due 10/25/2028 | 9700 | 9999 |
| Total Cayman Islands (Cost $350,404) |  | 352540 |
| **CHILE 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Chile Government International Bonds** <br>4.850% due 01/22/2029 | $14300 | 14631 |
| Total Chile (Cost $14,291) |  | 14631 |
| **CHINA 8.4%**  |  |  |
| **SOVEREIGN ISSUES 8.4%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 2910340 | 436146 |
| 2.820% due 05/22/2033  | 2977280 | 451418 |
| **China Government Bonds**  |  |  |
| 1.650% due 05/15/2035  | 1745400 | 245435 |
| 1.920% due 01/15/2055  | 333600 | 44086 |
| 2.190% due 09/25/2054  | 846400 | 116794 |
| 3.190% due 04/15/2053  | 8080 | 1348 |
| 3.530% due 10/18/2051  | 707500 | 124395 |
| Total China (Cost $1,403,340) |  | 1419622 |
| **COSTA RICA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 24750 | 29825 |
| Total Costa Rica (Cost $28,813) |  | 29825 |
| **DENMARK 2.5%**  |  |  |
| **CORPORATE BONDS & NOTES 2.5%**  |  |  |
| **DLR Kredit AS** <br>1.000% due 01/01/2027 | 59280 | 9238 |
| **Jyske Realkredit AS**  |  |  |
| 1.000% due 01/01/2026  | 585100 | 92060 |
| 1.000% due 04/01/2026  | 106400 | 16711 |
| 1.000% due 01/01/2027  | 274518 | 42788 |
| 1.500% due 10/01/2053  | 26459 | 3373 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.000% due 04/01/2026  | 509200 | 79933 |
| 1.500% due 10/01/2053  | 42774 | 5486 |
| **Nykredit Realkredit AS**  |  |  |
| 1.000% due 04/01/2026  | 111900 | 17579 |
| 1.000% due 10/01/2053  | 2 | 0 |
| 1.500% due 10/01/2053  | 31803 | 4029 |
| **Realkredit Danmark AS**  |  |  |
| 1.000% due 04/01/2026  | 553400 | 86903 |
| 1.000% due 01/01/2027  | 422095 | 65794 |
| 1.500% due 10/01/2053  | 34373 | 4352 |
| Total Denmark (Cost $396,500) |  | 428246 |
| **FRANCE 4.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 5.088% due 01/23/2027  | $13900 | 14051 |
| 5.896% due 07/13/2026  | 24800 | 25051 |
| **BNP Paribas SA**  |  |  |
| 5.497% due 05/20/2030 •  | 12500 | 12943 |
| 5.738% due 02/20/2035 •(i)  | 13300 | 13969 |
| 5.786% due 01/13/2033 •  | 11800 | 12398 |
| **BPCE SA**  |  |  |
| 5.876% due 01/14/2031 •  | 3900 | 4078 |
| 6.293% due 01/14/2036 •  | 8000 | 8543 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 27562 | 29089 |
|  |  | 120122 |
| **SOVEREIGN ISSUES 3.9%**  |  |  |
| **French Republic Government Bonds OAT**  |  |  |
| 0.750% due 02/25/2028  | 95650 | 108773 |
| 2.750% due 10/25/2027  | 96750 | 114707 |
| 2.750% due 02/25/2030  | 361800 | 426331 |
|  |  | 649811 |
| Total France (Cost $697,563) |  | 769933 |
| **GERMANY 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Deutsche Bank AG** <br>2.552% due 01/07/2028 •  | $8200 | 8066 |
| **Kreditanstalt fuer Wiederaufbau** <br>4.250% due 02/15/2030 | 12800 | 17427 |
| Total Germany (Cost $24,667) |  | 25493 |
| **HUNGARY 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Hungary Government International Bonds** <br>5.500% due 03/26/2036 | $5800 | 5801 |
| Total Hungary (Cost $5,692) |  | 5801 |
| **IRELAND 3.5%**  |  |  |
| **ASSET-BACKED SECURITIES 3.2%**  |  |  |
| **Arbour CLO DAC** <br>3.394% due 05/15/2038 •  | 3900 | 4593 |
| **Arcano Euro CLO II DAC** <br>0.000% due 07/25/2039 •  | 13900 | 16349 |
| **ARES European CLO XIV DAC** <br>3.040% due 10/21/2034 •  | 1401 | 1649 |
| **ARES European CLO XV DAC** <br>2.959% due 01/15/2036 •  | 8335 | 9805 |
| **Aurium CLO III DAC** <br>2.691% due 04/16/2030 •  | 1521 | 1789 |
| **Bain Capital Euro CLO DAC** <br>3.265% due 01/22/2038 •  | 22400 | 26347 |
| **Barings Euro CLO DAC**  |  |  |
| 0.000% due 08/15/2039 •(b)  | 12600 | 14808 |
| 3.250% due 10/21/2038 •  | 18700 | 21954 |
| **BlackRock European CLO III DAC** <br>2.884% due 07/19/2035 •  | 7600 | 8916 |
| **BlackRock European CLO VII DAC** <br>2.629% due 10/15/2031 •  | 2329 | 2740 |
| **BNPP AM Euro CLO DAC** <br>2.676% due 10/15/2031 •  | 1815 | 2134 |
| **Cairn CLO VII DAC** <br>2.736% due 01/31/2030 •  | 2297 | 2701 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 8300 | 9764 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 9100 | 10703 |
| **Carlyle Euro CLO DAC**  |  |  |
| 2.709% due 01/15/2031 •  | 6740 | 7925 |
| 3.221% due 08/15/2038 •  | 25000 | 29405 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(b) | 11080 | 13021 |
| **CVC Cordatus Loan Fund XXX DAC** <br>3.297% due 05/15/2037 •  | 4600 | 5411 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.904% due 08/15/2033 •  | 11848 | 13909 |
| **Dryden 73 Euro CLO DAC** <br>2.966% due 01/15/2034 •  | 8430 | 9918 |
| **Dryden Euro CLO** <br>3.342% due 10/18/2039 •  | 8300 | 9762 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 12900 | 15160 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 14900 | 17510 |
| **Hayfin Emerald CLO V DAC** <br>3.274% due 11/17/2037 •  | 16900 | 19836 |
| **Hayfin Emerald CLO XIV DAC** <br>3.225% due 01/22/2039 •  | 5500 | 6468 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Indigo Credit Management I DAC** <br>0.000% due 10/15/2037 •  | 2300 | 2703 |
| **Indigo Credit Management II DAC** <br>3.209% due 07/15/2038 •  | 28000 | 32930 |
| **Invesco Euro CLO III DAC** <br>3.184% due 10/30/2038 •  | 15700 | 18457 |
| **Invesco Euro CLO V DAC** <br>3.029% due 01/15/2034 •  | 10100 | 11882 |
| **Jubilee CLO DAC** <br>2.659% due 04/15/2031 •  | 5974 | 7024 |
| **Man GLG Euro CLO V DAC** <br>2.790% due 12/15/2031 •  | 1958 | 2302 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 6300 | 7404 |
| **OCP Euro CLO DAC**  |  |  |
| 3.244% due 07/20/2036 •  | 12600 | 14820 |
| 3.300% due 10/20/2039 •  | 9100 | 10703 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 2.859% due 10/15/2034 •  | 19051 | 22406 |
| 2.989% due 01/15/2033 •  | 1923 | 2261 |
| 3.034% due 05/15/2033 •  | 1931 | 2268 |
| 3.047% due 07/15/2035 •  | 1100 | 1293 |
| 3.214% due 02/15/2035 •  | 23661 | 27824 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 8400 | 9871 |
| **Providus CLO V DAC** <br>3.314% due 11/15/2039 •  | 12200 | 14350 |
| **Rockford Tower Europe CLO DAC** <br>3.326% due 08/29/2036 •  | 10000 | 11762 |
| **Sculptor European CLO IV DAC** <br>3.265% due 04/27/2038 •  | 18200 | 21425 |
| **St. Paul's CLO II DAC** <br>3.045% due 10/25/2035 •  | 8000 | 9410 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 11600 | 13643 |
| **Trinitas Euro CLO I DAC** <br>3.232% due 07/15/2039 •  | 6000 | 7057 |
|  |  | 534372 |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** <br>2.450% due 10/29/2026 | $3600 | 3552 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 34600 | 40746 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Kinbane 2 DAC** <br>3.022% due 08/24/2075 ~ | 12888 | 15171 |
| Total Ireland (Cost $569,466) |  | 593841 |
| **ISRAEL 0.9%**  |  |  |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 4.500% due 01/17/2033  | $11200 | 11011 |
| 5.375% due 03/12/2029  | 19550 | 20148 |
| 5.375% due 02/19/2030  | 79200 | 82017 |
| 5.500% due 03/12/2034  | 8200 | 8505 |
| 5.625% due 02/19/2035  | 15000 | 15683 |
| 5.750% due 03/12/2054  | 22900 | 22076 |
| Total Israel (Cost $154,117) |  | 159440 |
| **ITALY 2.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Banca Monte dei Paschi di Siena SpA** <br>0.875% due 10/08/2027 | 14835 | 17270 |
| **Intesa Sanpaolo SpA**  |  |  |
| 7.200% due 11/28/2033  | $15100 | 17253 |
| 8.248% due 11/21/2033 •  | 13200 | 15593 |
|  |  | 50116 |
| **SOVEREIGN ISSUES 2.0%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.750% due 05/05/2026 | 18800 | 18903 |
| **Italy Buoni Poliennali Del Tesoro** <br>2.100% due 08/26/2027 | 270300 | 317244 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Republic of Italy Government International Bonds** <br>6.000% due 08/04/2028 | 5900 | 8253 |
|  |  | 344400 |
| Total Italy (Cost $392,602) |  | 394516 |
| **JAPAN 4.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 4.527% due 09/12/2031 •  | $7600 | 7644 |
| 4.911% (SOFRRATE + 1.130%) due 09/12/2031 ~  | 31000 | 31155 |
| **Nomura Holdings, Inc.** <br>2.329% due 01/22/2027 | 10300 | 10122 |
| **Olympus Corp.** <br>2.143% due 12/08/2026 | 8700 | 8537 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 4.660% due 07/08/2031 •  | 12600 | 12728 |
| 5.204% (SOFRRATE + 1.190%) due 07/08/2031 ~  | 8100 | 8161 |
| **Sumitomo Mitsui Trust Bank Ltd.**  |  |  |
| 5.200% due 03/07/2027  | 4300 | 4363 |
| 5.200% due 03/07/2029  | 16400 | 16919 |
|  |  | 99629 |
| **SOVEREIGN ISSUES 4.2%**  |  |  |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.100% due 03/10/2028 (f)  | 15691660 | 101930 |
| 0.100% due 03/10/2029 (f)  | 5007965 | 32499 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 6120000 | 37802 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 10823000 | 50300 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.500% due 09/20/2046  | 5480000 | 21618 |
| 0.500% due 03/20/2049  | 10483000 | 37803 |
| 0.700% due 12/20/2048  | 9439000 | 36309 |
| 0.700% due 12/20/2050  | 4080000 | 14575 |
| 0.700% due 03/20/2051  | 4080000 | 14418 |
| 0.700% due 06/20/2051  | 9715000 | 33998 |
| 0.700% due 12/20/2051  | 590000 | 2036 |
| 1.000% due 03/20/2052  | 2860000 | 10755 |
| 1.300% due 06/20/2052  | 1760000 | 7171 |
| 1.400% due 09/20/2045  | 1330000 | 6549 |
| 1.400% due 03/20/2053  | 1390000 | 5763 |
| 1.800% due 03/20/2054  | 775500 | 3538 |
| 2.200% due 06/20/2054  | 3886350 | 19517 |
| 2.300% due 12/20/2054  | 2950300 | 15127 |
| 2.400% due 03/20/2055  | 21000 | 110 |
| 3.200% due 09/20/2055  | 4850000 | 30025 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 06/20/2040  | 14093700 | 66690 |
| 1.100% due 09/20/2042  | 9710000 | 48477 |
| 1.800% due 09/20/2044  | 10720000 | 57800 |
| 2.400% due 03/20/2045  | 9271000 | 54793 |
|  |  | 709603 |
| Total Japan (Cost $1,141,566) |  | 809232 |
| **JERSEY, CHANNEL ISLANDS 0.5%**  |  |  |
| **ASSET-BACKED SECURITIES 0.4%**  |  |  |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.850% due 04/23/2035 •  | $14400 | 14395 |
| 5.007% due 04/22/2035 •  | 12800 | 12802 |
| 5.042% due 07/17/2035 •  | 5000 | 5002 |
| **Capital Four U.S. CLO II Ltd.** <br>5.784% due 01/20/2037 •  | 5100 | 5138 |
| **Elmwood CLO 15 Ltd.** <br>5.007% due 04/22/2035 •  | 2500 | 2500 |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | 2300 | 2300 |
| **Invesco CLO Ltd.** <br>5.034% due 07/20/2035 •  | 11500 | 11501 |
| **Verdelite Static CLO Ltd.** <br>5.014% due 07/20/2032 •  | 6883 | 6884 |
|  |  | 60522 |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Royal Bank of Scotland International Ltd.** <br>4.660% due 12/16/2028 «(h) | 19000 | 18984 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| Total Jersey, Channel Islands (Cost $79,482) |  | 79506 |
| **KAZAKHSTAN 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 3838000 | 7863 |
| Total Kazakhstan (Cost $7,086) |  | 7863 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $41200 | 41307 |
| 4.136% due 10/09/2030  | 20500 | 20541 |
| 4.652% due 10/09/2035  | 29000 | 29033 |
| Total Kuwait (Cost $90,700) |  | 90881 |
| **LUXEMBOURG 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Logicor Financing SARL** <br>1.625% due 07/15/2027 | 1300 | 1506 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Project Fenno**  |  |  |
| TBD% - 10.860% (EUR003M + 2.350%) due 07/10/2028 «~µ(h) | 2976 | 3514 |
| TBD% - 10.860% (EUR003M + 2.350%) due 07/10/2028 «~(h) | 8427 | 9953 |
|  |  | 13467 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 (i) | $89200 | 90970 |
| Total Luxembourg (Cost $103,756) |  | 105943 |
| **MALAYSIA 1.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 3.404% due 04/28/2061  | $4500 | 3063 |
| 4.550% due 04/21/2050  | 3300 | 2910 |
| 4.800% due 04/21/2060  | 4200 | 3796 |
|  |  | 9769 |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **Malaysia Government Bonds**  |  |  |
| 2.632% due 04/15/2031  | 79740 | 19038 |
| 3.519% due 04/20/2028  | 765672 | 190988 |
| 3.582% due 07/15/2032  | 23340 | 5837 |
| **Malaysia Government Investment Issue** <br>4.193% due 10/07/2032 | 125660 | 32383 |
|  |  | 248246 |
| Total Malaysia (Cost $227,216) |  | 258015 |
| **MEXICO 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Mexico Government International Bonds** <br>5.000% due 04/27/2051 | $6100 | 4920 |
| Total Mexico (Cost $5,686) |  | 4920 |
| **NETHERLANDS 0.2%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **Contego CLO III BV** <br>3.297% due 04/15/2038 •  | 17200 | 20231 |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **ABN AMRO Bank NV** <br>5.515% due 12/03/2035 •  | $15200 | 15703 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| Total Netherlands (Cost $35,106) |  | 35934 |
| **NEW ZEALAND 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **New Zealand Government Bonds** <br>1.500% due 05/15/2031 | 300 | 153 |
| Total New Zealand (Cost $207) |  | 153 |
| **NIGERIA 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Bank of Industry Ltd.**<br>3.754% - 9.719% (EUR003M + 1.700%) due 08/23/2027 ~ | 12100 | 14181 |
| Total Nigeria (Cost $12,647) |  | 14181 |
| **NORWAY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Kommunalbanken AS** <br>1.900% due 01/19/2027 | 20700 | 13479 |
| Total Norway (Cost $15,079) |  | 13479 |
| **PERU 1.3%**  |  |  |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Peru Government International Bonds**  |  |  |
| 2.780% due 12/01/2060  | $4700 | 2563 |
| 3.230% due 07/28/2121  | 3300 | 1810 |
| 5.400% due 08/12/2034  | 105600 | 31353 |
| 6.150% due 08/12/2032  | 299500 | 96158 |
| 6.900% due 08/12/2037  | 238700 | 74337 |
| 6.950% due 08/12/2031  | 15441 | 5107 |
| Total Peru (Cost $190,957) |  | 211328 |
| **POLAND 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.625% due 03/18/2029  | $14800 | 15124 |
| 4.875% due 02/12/2030  | 10000 | 10312 |
| 4.875% due 10/04/2033  | 7800 | 7946 |
| 5.125% due 09/18/2034  | 6100 | 6262 |
| 5.375% due 02/12/2035  | 6000 | 6234 |
| Total Poland (Cost $44,478) |  | 45878 |
| **QATAR 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **QatarEnergy**  |  |  |
| 2.250% due 07/12/2031  | $10200 | 9194 |
| 3.125% due 07/12/2041  | 1600 | 1234 |
| 3.300% due 07/12/2051  | 4600 | 3225 |
| Total Qatar (Cost $16,332) |  | 13653 |
| **REPUBLIC OF KOREA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Korea Housing Finance Corp.** <br>2.765% due 09/02/2030 | 28100 | 32876 |
| Total Republic of Korea (Cost $32,708) |  | 32876 |
| **ROMANIA 1.2%**  |  |  |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 1.375% due 12/02/2029  | 9090 | 9823 |
| 1.750% due 07/13/2030  | 12500 | 13287 |
| 2.000% due 01/28/2032  | 1400 | 1408 |
| 2.000% due 04/14/2033  | 1700 | 1626 |
| 2.124% due 07/16/2031  | 800 | 825 |
| 2.125% due 03/07/2028  | 14800 | 17109 |
| 2.625% due 12/02/2040  | 7700 | 5970 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| 2.750% due 04/14/2041  | 3095 | 2415 |
| 2.875% due 04/13/2042  | 17900 | 13899 |
| 3.750% due 02/07/2034  | 900 | 954 |
| 5.000% due 09/27/2026  | 5355 | 6413 |
| 5.125% due 09/24/2031  | 38780 | 46665 |
| 5.250% due 03/10/2030  | 13000 | 15988 |
| 5.500% due 09/18/2028  | 9000 | 11194 |
| 5.625% due 05/30/2037  | 13500 | 15461 |
| 6.250% due 09/10/2034  | 4900 | 6051 |
| 6.375% due 09/18/2033  | 10900 | 13736 |
| 6.500% due 10/07/2045  | 900 | 1053 |
| 6.625% due 09/27/2029  | 13100 | 16842 |
| Total Romania (Cost $199,985) |  | 200719 |
| **SAUDI ARABIA 1.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 2.250% due 11/24/2030  | $1200 | 1086 |
| 4.750% due 06/02/2030  | 1300 | 1318 |
| 5.375% due 06/02/2035  | 1300 | 1342 |
| 6.375% due 06/02/2055  | 8300 | 8687 |
|  |  | 12433 |
| **SOVEREIGN ISSUES 1.4%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.250% due 10/22/2030  | 4300 | 4113 |
| 3.375% due 03/05/2032  | 18700 | 22098 |
| 3.750% due 03/05/2037  | 5700 | 6592 |
| 4.750% due 01/18/2028  | $32100 | 32554 |
| 4.750% due 01/16/2030  | 51500 | 52620 |
| 4.875% due 07/18/2033  | 7200 | 7322 |
| 5.000% due 01/16/2034  | 35500 | 36372 |
| 5.000% due 01/18/2053  | 1000 | 892 |
| 5.125% due 01/13/2028  | 44400 | 45384 |
| 5.375% due 01/13/2031  | 27600 | 28961 |
|  |  | 236908 |
| Total Saudi Arabia (Cost $239,881) |  | 249341 |
| **SERBIA 0.1%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Telecom Serbia**<br>3.522% - 9.719% (EUR006M + 1.350%) due 06/11/2029 «~ | 19400 | 22803 |
| Total Serbia (Cost $20,910) |  | 22803 |
| **SINGAPORE 0.1%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **Bayfront Iabs VII Pte. Ltd.** <br>0.000% due 04/11/2048 «•  | $13400 | 13400 |
| Total Singapore (Cost $13,400) |  | 13400 |
| **SLOVAKIA 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **365 bank AS** <br>7.125% due 07/04/2028 •  | 10900 | 13579 |
| Total Slovakia (Cost $12,913) |  | 13579 |
| **SOUTH AFRICA 1.8%**  |  |  |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 196600 | 10151 |
| 7.000% due 02/28/2031  | 461300 | 27253 |
| 8.000% due 01/31/2030  | 1044300 | 64493 |
| 8.875% due 02/28/2035  | 2665800 | 167997 |
| 9.000% due 01/31/2040  | 541200 | 32808 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| Total South Africa (Cost $266,652) |  | 302702 |
| **SOUTH KOREA 1.5%**  |  |  |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **Korea Treasury Bonds**  |  |  |
| 1.375% due 06/10/2030  | 38824610 | 24855 |
| 2.375% due 12/10/2028  | 113568490 | 77404 |
| 2.625% due 06/10/2028  | 226380130 | 155832 |
| Total South Korea (Cost $294,081) |  | 258091 |
| **SPAIN 4.5%**  |  |  |
| **SOVEREIGN ISSUES 4.5%**  |  |  |
| **Autonomous Community of Catalonia** <br>4.220% due 04/26/2035 | 3500 | 4230 |
| **Spain Government Bonds**  |  |  |
| 0.000% due 01/31/2028  | 125050 | 140548 |
| 2.400% due 05/31/2028  | 85750 | 101096 |
| 2.500% due 05/31/2027  | 48200 | 56913 |
| 3.150% due 04/30/2035  | 91140 | 106364 |
| 3.200% due 10/31/2035  | 31100 | 36298 |
| 3.450% due 10/31/2034  | 254730 | 305427 |
| **Spain Government International Bonds** <br>5.250% due 04/06/2029 | 900 | 1249 |
| Total Spain (Cost $716,782) |  | 752125 |
| **SUPRANATIONAL 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Inter-American Development Bank** <br>2.500% due 04/14/2027 | 15000 | 9800 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **European Union** <br>3.750% due 10/12/2045 | 95200 | 110399 |
| Total Supranational (Cost $121,952) |  | 120199 |
| **SWITZERLAND 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | $4800 | 4459 |
| 3.869% due 01/12/2029 •  | 7680 | 7640 |
| 4.282% due 01/09/2028  | 900 | 901 |
| 4.550% due 04/17/2026  | 2600 | 2605 |
| 4.844% due 11/06/2033 •  | 20200 | 20225 |
| 5.428% due 02/08/2030 •  | 7100 | 7345 |
| 5.617% due 09/13/2030 •  | 11500 | 12017 |
| 5.699% due 02/08/2035 •  | 2200 | 2314 |
| Total Switzerland (Cost $56,374) |  | 57506 |
| **THAILAND 1.1%**  |  |  |
| **SOVEREIGN ISSUES 1.1%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 2.410% due 03/17/2035  | 435690 | 14788 |
| 2.500% due 11/17/2029  | 4301080 | 143136 |
| 3.775% due 06/25/2032  | 977460 | 35627 |
| Total Thailand (Cost $171,617) |  | 193551 |
| **UNITED ARAB EMIRATES 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 4.375% due 10/02/2031  | $47100 | 46927 |
| 4.500% due 05/06/2030  | 5200 | 5246 |
| 5.000% due 05/06/2035  | 7400 | 7524 |
| **MDGH GMTN RSC Ltd.** <br>5.500% due 04/28/2033 | 6600 | 6985 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| Total United Arab Emirates (Cost $65,877) |  | 66682 |
| **UNITED KINGDOM 7.5%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **Together Asset-Backed Securitisation 14 PLC** <br>4.604% due 08/15/2066 ~ | 6845 | 9221 |
| **CORPORATE BONDS & NOTES 2.1%**  |  |  |
| **Barclays PLC**  |  |  |
| 5.674% due 03/12/2028 •  | $9800 | 9978 |
| 5.690% due 03/12/2030 •  | 18000 | 18735 |
| 6.490% due 09/13/2029 •  | 6600 | 6976 |
| **HSBC Holdings PLC**  |  |  |
| 3.973% due 05/22/2030 •  | 5000 | 4941 |
| 4.041% due 03/13/2028 •  | 4100 | 4096 |
| 4.583% due 06/19/2029 •  | 7400 | 7471 |
| 5.597% due 05/17/2028 •  | 16900 | 17219 |
| **Lloyds Banking Group PLC**  |  |  |
| 5.590% due 11/26/2035 •  | 12300 | 12881 |
| 5.721% due 06/05/2030 •  | 28500 | 29883 |
| **Nationwide Building Society** <br>2.972% due 02/16/2028 •  | 13800 | 13639 |
| **NatWest Group PLC**  |  |  |
| 4.892% due 05/18/2029 •  | 300 | 305 |
| 5.076% due 01/27/2030 •  | 5732 | 5861 |
| 5.516% due 09/30/2028 •  | 10500 | 10775 |
| 5.778% due 03/01/2035 •  | 51000 | 53955 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 33409 | 25798 |
| **Santander U.K. Group Holdings PLC** <br>4.795% (SOFRINDX + 1.070%) due 09/22/2029 ~ | 15200 | 15202 |
| **Standard Chartered PLC**  |  |  |
| 2.608% due 01/12/2028 •  | 11100 | 10930 |
| 6.187% due 07/06/2027 •  | 18000 | 18185 |
| 6.750% due 02/08/2028 •  | 14000 | 14391 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 5.625% due 04/15/2032  | 33700 | 39949 |
| 7.750% due 04/15/2032  | $28600 | 29840 |
|  |  | 351010 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.0%**  |  |  |
| **Project Alpha Investindustrial**<br>4.150% - 9.695% (EUR003M + 2.100%) due 02/27/2026 «~(h) | 3119 | 3665 |
| **Project Nova**<br>7.080% - 7.284% due 08/31/2026 «~ | $3600 | 3600 |
|  |  | 7265 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.4%**  |  |  |
| **Aldbrook Mortgage Transaction PLC** <br>4.623% due 12/18/2066 •  | 3838 | 5187 |
| **Bletchley Park Funding PLC** <br>4.500% due 01/27/2070 •  | 3280 | 4424 |
| **Braccan Mortgage Funding PLC**  |  |  |
| 0.000% due 01/17/2068 •  | 25000 | 33776 |
| 4.696% due 05/17/2067 •  | 13090 | 17686 |
| **Elstree Funding** <br>4.509% due 01/21/2065 •  | 2526 | 3402 |
| **EuroMASTR PLC** <br>4.100% due 06/15/2040 •  | 52 | 69 |
| **Eurosail-U.K. PLC**  |  |  |
| 4.601% due 09/13/2045 •  | 398 | 533 |
| 4.851% due 06/13/2045 •  | 102 | 138 |
| **Ludgate Funding PLC** <br>2.176% due 01/01/2061 •  | 76 | 87 |
| **Mansard Mortgages PLC** <br>4.550% due 12/15/2049 •  | 1374 | 1853 |
| **Mortimer BTL PLC** <br>4.462% due 06/23/2053 •  | 9131 | 12315 |
| **Mortimer PLC** <br>4.592% due 09/22/2067 •  | 1155 | 1559 |
| **Newgate Funding PLC**  |  |  |
| 2.256% due 12/01/2050 •  | 2301 | 2584 |
| 2.700% due 12/15/2050 •  | 2496 | 2902 |
| 3.350% due 12/15/2050 •  | 790 | 894 |
| 3.600% due 12/15/2050 •  | 1296 | 1419 |
| 4.100% due 12/15/2050 •  | 1905 | 2450 |
| 4.184% due 12/01/2050 •  | 23 | 30 |
| 4.900% due 12/15/2050 •  | 1739 | 2316 |
| 5.150% due 12/15/2050 •  | 980 | 1277 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Polaris PLC**  |  |  |
| 0.000% due 10/27/2069 •  | 24999 | 33720 |
| 4.500% due 08/25/2068 •  | 4070 | 5485 |
| **Resloc U.K. PLC**  |  |  |
| 4.060% due 12/15/2043 •  | 269 | 353 |
| 4.120% due 12/15/2043 •  | 463 | 601 |
| **RMAC Securities No. 1 PLC**  |  |  |
| 2.322% due 06/12/2044 •  | 51 | 59 |
| 4.059% due 06/12/2044 •  | 831 | 1096 |
| 4.079% due 06/12/2044 •  | 2275 | 3015 |
| 4.147% due 06/12/2044 •  | $116 | 113 |
| **Stratton Mortgage Funding PLC** <br>4.641% due 06/28/2050 •  | 5361 | 7229 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.856% due 07/20/2053 •  | 16064 | 21674 |
| **Tower Bridge Funding PLC** <br>4.728% due 05/20/2066 •  | 2966 | 4005 |
| **Trinity Square PLC** <br>4.844% (SONIO/N + 0.900%) due 07/15/2059 ~ | 18719 | 25249 |
| **Warwick Finance Residential Mortgages Number Three PLC**  |  |  |
| 0.000% due 12/21/2049  | 1 | 5414 |
| 4.712% due 12/21/2049 •  | 12454 | 16804 |
| 5.412% due 12/21/2049 •  | 6230 | 8425 |
| 5.912% due 12/21/2049 •  | 3115 | 4187 |
| 6.412% due 12/21/2049 •  | 1780 | 2389 |
| 6.912% due 12/21/2049 •  | 1780 | 2370 |
|  |  | 237089 |
| **SOVEREIGN ISSUES 3.9%**  |  |  |
| **U.K. Gilts**  |  |  |
| 0.625% due 10/22/2050  | 38900 | 19383 |
| 1.250% due 07/31/2051  | 47100 | 28207 |
| 1.500% due 07/31/2053  | 29830 | 18513 |
| 1.750% due 01/22/2049  | 28000 | 20523 |
| 4.375% due 03/07/2030  | 323400 | 443482 |
| 4.375% due 07/31/2054  | 27570 | 32623 |
| 5.250% due 01/31/2041  | 40100 | 55824 |
| 5.375% due 01/31/2056  | 22300 | 30953 |
|  |  | 649508 |
| Total United Kingdom (Cost $1,305,999) |  | 1254093 |
| **UNITED STATES 66.2%**  |  |  |
| **ASSET-BACKED SECURITIES 2.9%**  |  |  |
| **ABFC Trust** <br>4.106% due 01/25/2037 •  | $3581 | 2620 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.986% due 11/25/2036 •  | 3668 | 1513 |
| 4.431% due 02/25/2036 •  | 15633 | 14250 |
| **AMRESCO Residential Securities Corp. Mortgage Loan Trust** <br>4.786% due 06/25/2029 •  | 147 | 154 |
| **AREIT Trust** <br>5.978% due 06/17/2039 •  | 5728 | 5729 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>3.311% due 02/25/2034 •  | 135 | 145 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.941% due 02/25/2035 •  | 1727 | 1772 |
| 5.215% due 04/15/2033 •  | 207 | 208 |
| **BDS LLC** <br>5.531% due 03/19/2039 •  | 10518 | 10537 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.646% due 10/27/2032 •  | 1 | 1 |
| **C-BASS Trust** <br>3.966% due 11/25/2036 •  | 3 | 1 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.906% due 07/25/2045 •  | 173 | 123 |
| 4.106% due 03/25/2037 •  | 1334 | 1229 |
| 4.146% due 12/25/2036 •  | 5825 | 2195 |
| 4.166% due 12/25/2036 •  | 2099 | 1189 |
| 4.206% due 01/25/2037 •  | 3962 | 2960 |
| 4.236% due 06/25/2037 •  | 831 | 831 |
| 4.296% due 08/25/2036 •  | 10912 | 10772 |
| 4.366% due 03/25/2036 •  | 3460 | 3207 |
| 7.250% due 10/25/2037 þ  | 739 | 720 |
| **Consumer Loan Finance**  |  |  |
| 0.000% due 11/25/2054 «  | 2300 | 1175 |
| 5.150% due 11/25/2054  | 3123 | 3143 |
| 5.350% due 11/25/2054  | 9080 | 9258 |
| 5.450% due 11/25/2054  | 2228 | 2264 |
| 5.750% due 11/25/2054  | 1114 | 1127 |
| 6.600% due 11/25/2054  | 1464 | 1477 |
| 8.750% due 11/25/2054  | 834 | 844 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Consumer Loan Finance Issuer Trust**  |  |  |
| 0.000% due 11/25/2054 «  | 1515 | 797 |
| 5.150% due 11/25/2054  | 954 | 955 |
| 5.350% due 11/25/2054  | 5260 | 5369 |
| 5.450% due 11/25/2054  | 1311 | 1332 |
| 5.750% due 11/25/2054  | 655 | 664 |
| 6.600% due 11/25/2054  | 825 | 835 |
| 8.750% due 11/25/2054  | 493 | 500 |
| **Countrywide Asset-Backed Certificates** <br>4.526% due 12/25/2036 •  | 189 | 159 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.861% due 12/25/2034 •  | 7091 | 6725 |
| 3.986% due 08/25/2037 •  | 3176 | 2858 |
| 4.046% due 06/25/2047 •  | 4546 | 4098 |
| 4.106% due 12/25/2036 •  | 780 | 733 |
| 4.126% due 05/25/2035 •  | 1193 | 1163 |
| 4.126% due 06/25/2035 •  | 4807 | 4451 |
| 4.306% due 04/25/2047 •  | 10617 | 9787 |
| 4.326% due 03/25/2036 •  | 731 | 679 |
| 4.357% due 08/25/2035 ~  | 174 | 168 |
| 4.821% due 01/25/2036 •  | 11123 | 11032 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.379% due 01/25/2032 •  | 10 | 10 |
| **First Franklin Mortgage Loan Trust** <br>4.746% due 03/25/2034 •  | 2845 | 2961 |
| **Fremont Home Loan Trust**  |  |  |
| 4.146% due 10/25/2036 •  | 6051 | 2427 |
| 4.386% due 02/25/2036 •  | 7522 | 7032 |
| **GSAA Home Equity Trust** <br>4.206% due 03/25/2036 •  | 5780 | 1856 |
| **GSAA Trust** <br>5.995% due 03/25/2046 ~ | 768 | 267 |
| **GSAMP Trust**  |  |  |
| 4.106% due 12/25/2046 •  | 7116 | 3806 |
| 4.386% due 03/25/2047 •  | 1107 | 834 |
| **Home Equity Asset Trust** <br>4.446% due 11/25/2032 •  | 2 | 2 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.086% due 04/25/2037 •  | 6736 | 4613 |
| 4.186% due 04/25/2037 •  | 3186 | 2301 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.366% due 04/25/2037 •  | 6066 | 3070 |
| 4.461% due 01/25/2036 •  | 4500 | 4365 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.066% due 08/25/2036 •  | 38 | 29 |
| 4.116% due 07/25/2036 •  | 2122 | 1935 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.366% due 08/25/2045 •  | 1846 | 1835 |
| 4.406% due 10/25/2034 •  | 10 | 10 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.046% due 08/25/2036 •  | 5995 | 2034 |
| 4.146% due 03/25/2036 •  | 538 | 319 |
| 4.146% due 10/25/2036 •  | 10746 | 3516 |
| 4.286% due 10/25/2036 •  | 3198 | 1046 |
| 4.581% due 10/25/2035 •  | 7930 | 7886 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.006% due 09/25/2037 •  | 21 | 4 |
| 4.086% due 02/25/2037 •  | 41 | 12 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 11748 | 11755 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.976% due 10/25/2036 •  | 554 | 501 |
| 3.986% due 05/25/2037 •  | 2394 | 1870 |
| 3.996% due 11/25/2036 •  | 7979 | 4737 |
| 4.046% due 05/25/2037 •  | 26097 | 15154 |
| 4.326% due 06/25/2036 •  | 3284 | 1654 |
| **Morgan Stanley Home Equity Loan Trust**  |  |  |
| 4.016% due 04/25/2037 •  | 8616 | 4454 |
| 4.076% due 04/25/2037 •  | 6343 | 3280 |
| 4.196% due 04/25/2037 •  | 913 | 472 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.419% due 09/25/2046 þ | 1264 | 257 |
| **Morgan Stanley Structured Trust** <br>4.146% due 06/25/2037 •  | 6846 | 6382 |
| **New Century Home Equity Loan Trust** <br>4.971% due 10/25/2033 •  | 3423 | 3422 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**  |  |  |
| 4.281% due 03/25/2036 •  | 383 | 383 |
| 4.476% due 02/25/2036 •  | 8803 | 8061 |
| **Nomura Resecuritization Trust** <br>3.517% due 12/26/2037 ~ | 7421 | 6562 |
| **NovaStar Mortgage Funding Trust** <br>4.106% due 03/25/2037 •  | 13105 | 8629 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.406% due 12/25/2035 •  | 371 | 369 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.066% due 05/25/2037 •  | 1644 | 1001 |
| 4.126% due 02/25/2037 •  | 11349 | 5622 |
| 4.626% due 02/25/2035 •  | 1975 | 1904 |
| **Project Panama SPV LLC** <br>7.819% due 01/03/2029 « | 15804 | 15903 |
| **RAAC Trust** <br>4.346% due 02/25/2037 •  | 3925 | 3856 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.294% due 01/25/2037 þ  | 14365 | 4335 |
| 5.675% due 06/25/2037 þ  | 16477 | 3924 |
| 5.731% due 11/25/2036 þ  | 26069 | 8235 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.286% due 12/25/2035 •  | 1321 | 1222 |
| 4.446% due 03/25/2036 •  | 454 | 451 |
| **Residential Asset Securities Corporation Trust** <br>4.686% due 09/25/2034 •  | 383 | 376 |
| **Saxon Asset Securities Trust** <br>5.596% due 12/25/2037 •  | 3799 | 3413 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.106% due 05/25/2037 •  | 146 | 115 |
| 4.186% due 08/25/2036 •  | 1109 | 362 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 03/15/2055 «  | 4 | 50 |
| 3.940% due 02/16/2055  | 11079 | 10858 |
| 4.780% due 03/15/2055  | 3000 | 2972 |
| 4.960% due 03/15/2055  | 61390 | 61890 |
| 5.100% due 03/15/2055  | 3000 | 3024 |
| 5.184% due 03/15/2055 •  | 6853 | 6866 |
| 5.260% due 03/15/2055  | 6000 | 5826 |
| 5.434% due 02/16/2055 •  | 1210 | 1222 |
| **SoFi Consumer Loan Program Trust**  |  |  |
| 0.000% due 03/27/2034 «  | 4824 | 6331 |
| 4.910% due 03/27/2034  | 20780 | 20889 |
| 5.250% due 03/27/2034  | 3796 | 3843 |
| 5.770% due 03/27/2034  | 2944 | 2988 |
| 6.260% due 03/27/2034  | 2177 | 2212 |
| **Soundview Home Loan Trust**  |  |  |
| 3.966% due 11/25/2036 •  | 31 | 8 |
| 4.251% due 12/25/2036 •  | 5128 | 5045 |
| 4.346% due 11/25/2036 •  | 6498 | 6235 |
| **Structured Asset Investment Loan Trust** <br>4.796% due 07/25/2033 •  | 2259 | 2223 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.006% due 03/25/2036 •  | 949 | 921 |
| 4.076% due 05/25/2047 •  | 2089 | 2065 |
| 4.286% due 12/25/2036 •  | 19167 | 18145 |
| **WaMu Asset-Backed Certificates WaMu Trust** <br>4.136% due 05/25/2037 •  | 3674 | 3324 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>4.191% due 01/25/2037 •  | 11118 | 11194 |
|  |  | 490711 |
| **CORPORATE BONDS & NOTES 6.6%**  |  |  |
| **Athene Global Funding** <br>4.696% due 07/16/2026 •  | 3200 | 3205 |
| **Bank of America Corp.**  |  |  |
| 1.898% due 07/23/2031 •  | 24300 | 21836 |
| 3.261% due 01/28/2031 •  | 3400 | 4017 |
| 5.162% due 01/24/2031 •  | $49300 | 50906 |
| 5.202% due 04/25/2029 •  | 4500 | 4616 |
| 5.468% due 01/23/2035 •  | 11000 | 11463 |
| 5.511% due 01/24/2036 •  | 21600 | 22534 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 158300 | 167388 |
| **Blackstone Holdings Finance Co. LLC** <br>3.500% due 06/01/2034 | 12200 | 14237 |
| **Bristol-Myers Squibb Co.** <br>5.200% due 02/22/2034 | $14300 | 14870 |
| **Broadcom, Inc.** <br>2.450% due 02/15/2031 | 100 | 91 |
| **Citigroup, Inc.** <br>5.174% due 02/13/2030 •  | 20900 | 21452 |
| **Credit Suisse AG AT1 Claim**  | 16825 | 4963 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 3800 | 3420 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | 1900 | 1882 |
| 2.900% due 02/16/2028  | 900 | 867 |
| **GA Global Funding Trust**  |  |  |
| 2.250% due 01/06/2027  | 7400 | 7268 |
| 5.900% due 01/13/2035  | 10500 | 10771 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.500% due 01/23/2033 •  | 10500 | 12350 |
| 4.907% (SOFRRATE + 1.120%) due 02/24/2028 ~  | $2600 | 2617 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| 5.016% due 10/23/2035 •  | 47050 | 47319 |
| 5.218% due 04/23/2031 •  | 25000 | 25826 |
| 5.330% due 07/23/2035 •  | 10400 | 10689 |
| 5.536% due 01/28/2036 •  | 14700 | 15265 |
| 5.727% due 04/25/2030 •  | 15000 | 15674 |
| 6.484% due 10/24/2029 •  | 15200 | 16126 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.603% due 10/22/2030 •  | 15000 | 15214 |
| 4.995% due 07/22/2030 •  | 6700 | 6880 |
| 5.012% due 01/23/2030 •  | 42000 | 43068 |
| 6.087% due 10/23/2029 •  | 20900 | 22020 |
| **Las Vegas Sands Corp.** <br>5.900% due 06/01/2027 | 13900 | 14184 |
| **Lehman Brothers Holdings, Inc.** <br>0.000% due 05/27/2049 ^(c) | 8400 | 3 |
| **Marvell Technology, Inc.** <br>1.650% due 04/15/2026 | 6400 | 6357 |
| **Morgan Stanley**  |  |  |
| 2.475% due 01/21/2028 •  | 2600 | 2558 |
| 2.590% (EUR003M + 0.600%) due 05/04/2029 ~  | 15000 | 17656 |
| 2.699% (EUR003M + 0.650%) due 03/19/2027 ~  | 26200 | 30843 |
| 3.149% due 11/07/2031 •  | 16900 | 19729 |
| 3.749% due 11/07/2036 •  | 15900 | 18399 |
| 3.790% due 03/21/2030 •  | 21900 | 26350 |
| 3.955% due 03/21/2035 •  | 28400 | 33882 |
| 4.654% due 10/18/2030 •  | $27600 | 27940 |
| 5.173% due 01/16/2030 •  | 40100 | 41190 |
| 5.320% due 07/19/2035 •  | 10800 | 11121 |
| 5.466% due 01/18/2035 •  | 7700 | 8007 |
| 6.407% due 11/01/2029 •  | 15700 | 16644 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 200 | 194 |
| 3.500% due 08/01/2050  | 500 | 338 |
| 3.950% due 12/01/2047  | 900 | 673 |
| 4.000% due 12/01/2046  | 800 | 602 |
| 4.250% due 03/15/2046  | 500 | 393 |
| 4.300% due 03/15/2045  | 600 | 478 |
| 4.500% due 07/01/2040  | 300 | 262 |
| 4.550% due 07/01/2030  | 600 | 598 |
| 4.600% due 06/15/2043  | 1100 | 919 |
| 4.750% due 02/15/2044  | 1207 | 1023 |
| 4.950% due 07/01/2050  | 100 | 85 |
| **Philip Morris International, Inc.**  |  |  |
| 2.750% due 06/06/2029  | 25900 | 30240 |
| 4.875% due 02/13/2029  | $13000 | 13310 |
| **Santander Holdings USA, Inc.** <br>6.124% due 05/31/2027 •  | 18300 | 18427 |
| **Wells Fargo & Co.**  |  |  |
| 4.808% due 07/25/2028 •  | 7500 | 7585 |
| 4.897% due 07/25/2033 •  | 10000 | 10158 |
| 5.150% due 04/23/2031 •  | 38900 | 40162 |
| 5.198% due 01/23/2030 •  | 16100 | 16584 |
| 5.211% due 12/03/2035 •  | 38000 | 38836 |
| 5.389% due 04/24/2034 •  | 20200 | 21023 |
| 5.499% due 01/23/2035 •(i)  | 15000 | 15659 |
| 6.303% due 10/23/2029 •  | 13600 | 14373 |
|  |  | 1105619 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% - 8.066% due 10/21/2026 «~(h) | 3559 | 3559 |
| **Dorchester LLC**<br>4.349% - 9.672% (EUR003M + 2.300%) due 01/04/2027 «~(h) | 6800 | 7992 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(h) | $5200 | 5200 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 7500 | 7568 |
|  |  | 24319 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **American Municipal Power, Inc., Ohio Revenue Bonds, Series 2010** <br>7.834% due 02/15/2041 | 100 | 118 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.487% due 06/01/2036 | 7700 | 6545 |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021**  |  |  |
| 2.332% due 06/01/2027  | 5000 | 4869 |
| 2.532% due 06/01/2028  | 3300 | 3164 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 7536 | 7739 |
|  |  | 22435 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 4.0%**  |  |  |
| **ACRA Trust** <br>5.608% due 10/25/2064 þ | 2384 | 2396 |
| **Adjustable Rate Mortgage Trust** <br>5.404% due 09/25/2035 ~ | 31 | 27 |
| **American Home Mortgage Assets Trust** <br>4.036% due 05/25/2046 •  | 106 | 95 |
| **Angel Oak Mortgage Trust**  |  |  |
| 4.750% due 09/26/2067 þ  | 8846 | 8822 |
| 4.846% due 07/25/2062 þ  | 23440 | 23425 |
| **BAMLL Commercial Mortgage Pass-Through Certificates**  |  |  |
| 3.110% due 04/25/2050 «  | 28409 | 27776 |
| 3.110% due 08/25/2052 «  | 10000 | 8982 |
| **BAMLL Commercial Mortgage Securities Trust** <br>4.915% due 09/15/2038 •  | 15200 | 14671 |
| **Banc of America Funding Trust**  |  |  |
| 2.372% due 03/20/2036 ~  | 24 | 23 |
| 4.328% due 10/20/2046 ~  | 25 | 21 |
| 4.787% due 01/20/2047 ~  | 38 | 33 |
| 5.500% due 01/25/2036  | 10 | 10 |
| 5.798% due 02/20/2036 ~  | 241 | 231 |
| 5.914% due 11/20/2034 ~  | 110 | 108 |
| 6.000% due 03/25/2037  | 106 | 81 |
| **Banc of America Mortgage Trust**  |  |  |
| 4.977% due 04/25/2035 ~  | 47 | 46 |
| 5.066% due 09/25/2035 ~  | 8 | 7 |
| 5.316% due 06/25/2035 ~  | 38 | 35 |
| **BCAP LLC Trust**  |  |  |
| 4.727% due 01/26/2047 •  | 91 | 90 |
| 5.250% due 02/26/2036 ~  | 405 | 153 |
| 5.250% due 04/26/2037  | 669 | 369 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.084% due 08/25/2036 ~  | 528 | 349 |
| 4.139% due 11/25/2036 ~  | 203 | 86 |
| 4.159% due 08/25/2036 ~  | 843 | 377 |
| 4.559% due 08/25/2036 ~  | 101 | 62 |
| 4.668% due 11/25/2035 ~  | 28 | 21 |
| 4.791% due 09/25/2035 ~  | 1331 | 711 |
| 5.096% due 01/25/2036 ~  | 50 | 48 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.000% due 05/25/2034 ~  | 27 | 25 |
| 5.368% due 07/25/2034 ~  | 11 | 11 |
| 5.613% due 02/25/2034 ~  | 4 | 4 |
| 5.717% due 11/25/2034 ~  | 1 | 1 |
| 5.741% due 10/25/2033 ~  | 12 | 12 |
| 6.470% due 01/25/2035 ~  | 53 | 54 |
| 6.811% due 05/25/2034 ~  | 31 | 30 |
| **Bear Stearns Structured Products, Inc. Trust** <br>3.944% due 12/26/2046 ~ | 19 | 15 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.927% due 07/25/2037 ~  | 322 | 256 |
| 6.731% due 02/25/2037 ~  | 29 | 29 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.076% due 05/25/2036 •  | 246 | 239 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.103% due 09/20/2036 ~  | 58 | 52 |
| 4.166% due 03/25/2037 ~  | 72 | 62 |
| 4.284% due 02/25/2047 ~  | 91 | 84 |
| 4.368% due 05/20/2036 ~  | 135 | 125 |
| 4.386% due 03/25/2035 •  | 158 | 150 |
| 4.426% due 04/25/2035 •  | 195 | 188 |
| 4.486% due 03/25/2035 •  | 193 | 181 |
| 4.506% due 02/25/2035 •  | 4 | 4 |
| 4.613% due 04/20/2036 ~  | 1914 | 1760 |
| 4.796% due 11/25/2034 ~  | 159 | 153 |
| 6.000% due 08/25/2037  | 970 | 434 |
| 6.449% due 02/20/2036 •  | 151 | 143 |
| **CIM Trust** <br>5.500% due 08/25/2064 ~ | 5528 | 5592 |
| **Citicorp Mortgage Securities Trust** <br>6.000% due 04/25/2037 | 24 | 21 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.000% due 11/27/2051 ~  | 30808 | 27096 |
| 4.457% due 09/25/2037 ~  | 228 | 215 |
| 4.749% due 03/25/2037 ~  | 104 | 102 |
| 5.044% due 07/25/2046 ~  | 289 | 275 |
| 5.395% due 08/25/2035 ~  | 5 | 4 |
| 6.490% due 05/25/2035 •  | 3 | 3 |
| **Citigroup Mortgage Loan Trust, Inc. Mortgage Pass-Through Certificates** <br>4.561% due 09/25/2035 ~ | 629 | 584 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **COLT Mortgage Loan Trust** <br>4.156% due 02/25/2067 ~ | 8256 | 7980 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.126% due 04/25/2047 •  | 425 | 389 |
| 4.196% due 05/25/2037 •  | 311 | 93 |
| 4.226% due 09/25/2046 •  | 220 | 217 |
| 4.228% due 09/20/2046 •  | 595 | 621 |
| 4.246% due 09/25/2035 •  | 92 | 51 |
| 4.266% due 07/25/2046 •  | 21 | 19 |
| 4.268% due 03/20/2046 •  | 33 | 31 |
| 4.268% due 05/20/2046 •  | 292 | 267 |
| 4.268% due 07/20/2046 •  | 199 | 173 |
| 4.296% due 09/25/2035 •  | 816 | 506 |
| 4.406% due 02/25/2037 •  | 119 | 100 |
| 4.735% due 02/25/2037 ~  | 44 | 40 |
| 5.000% due 11/25/2035  | 2928 | 1490 |
| 5.250% due 06/25/2035  | 55 | 41 |
| 5.279% due 11/25/2047 •  | 1024 | 925 |
| 5.409% due 11/25/2047 •  | 2380 | 2150 |
| 5.429% due 08/25/2035 •  | 106 | 102 |
| 5.529% due 11/25/2035 •  | 89 | 80 |
| 6.069% due 11/25/2035 •  | 86 | 80 |
| 6.250% due 08/25/2037  | 279 | 124 |
| 6.500% due 08/25/2032  | 1 | 2 |
| **Cross Mortgage Trust** <br>5.181% due 07/25/2070 ~ | 18720 | 18812 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ | 1224 | 701 |
| **CSMC Trust**  |  |  |
| 2.500% due 07/25/2056 ~  | 2434 | 2042 |
| 5.265% due 07/15/2038 •  | 4800 | 4299 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.126% due 07/25/2047 •  | 214 | 204 |
| 4.226% due 08/25/2047 •  | 5611 | 4905 |
| 5.346% due 10/25/2047 •  | 2443 | 1913 |
| **DSLA Mortgage Loan Trust** <br>4.486% due 07/19/2045 •  | 3 | 0 |
| **Ellington Financial Mortgage Trust** <br>0.000% due 08/25/2070 þ | 33180 | 33480 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.998% due 08/25/2035 ~ | 37 | 25 |
| **GCAT Trust** <br>3.000% due 04/25/2052 ~ | 13704 | 12027 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.206% due 01/25/2037 •  | 228 | 213 |
| 4.266% due 04/25/2036 •  | 155 | 142 |
| 4.386% due 11/25/2045 •  | 39 | 37 |
| **GreenPoint Mortgage Pass-Through Certificates** <br>7.033% due 10/25/2033 ~ | 2 | 2 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 5207 | 4362 |
| 2.500% due 04/25/2052 ~  | 6487 | 5426 |
| 3.000% due 09/25/2052 ~  | 31003 | 27188 |
| 3.750% due 10/25/2057  | 1654 | 1633 |
| 3.900% due 09/25/2061 þ  | 4272 | 4216 |
| 4.100% due 07/25/2065 þ  | 7412 | 7256 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.076% due 05/25/2037 •  | 2512 | 1181 |
| 4.125% due 11/25/2035 ~  | 71 | 62 |
| 4.242% due 05/25/2035 ~  | 43 | 32 |
| 4.951% due 09/25/2035 ~  | 50 | 48 |
| 5.223% due 04/25/2035 ~  | 8 | 8 |
| 5.880% due 03/25/2033 •  | 9 | 9 |
| 6.449% due 01/25/2035 ~  | 51 | 49 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.226% due 09/19/2037 •  | 341 | 301 |
| 4.326% due 03/19/2036 •  | 52 | 49 |
| 4.742% due 07/19/2035 ~  | 50 | 37 |
| **HomeBanc Mortgage Trust** <br>4.702% due 04/25/2037 ~ | 332 | 300 |
| **Impac CMB Trust**  |  |  |
| 4.566% due 10/25/2034 •  | 42 | 41 |
| 4.626% due 10/25/2034 •  | 16 | 16 |
| **IndyMac IMSC Mortgage Loan Trust** <br>4.206% due 07/25/2047 •  | 1269 | 866 |
| **IndyMac INDA Mortgage Loan Trust**  |  |  |
| 3.629% due 08/25/2036 ~  | 241 | 184 |
| 5.051% due 11/25/2035 ~  | 27 | 32 |
| **IndyMac INDB Mortgage Loan Trust** <br>4.446% due 11/25/2035 •  | 111 | 64 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.745% due 03/25/2036 ~  | 2976 | 2131 |
| 3.983% due 09/25/2035 ~  | 2946 | 2391 |
| 4.146% due 06/25/2037 •  | 268 | 87 |
| 4.226% due 09/25/2046 •  | 1345 | 1253 |
| 4.326% due 06/25/2037 •  | 221 | 209 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| 4.346% due 02/25/2037 •  | 425 | 281 |
| 4.373% due 12/25/2034 ~  | 23 | 22 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.326% due 10/25/2036 •  | 5660 | 5239 |
| 5.358% due 12/25/2035 ~  | 2912 | 1968 |
| 5.500% due 11/25/2036 ~  | 6 | 3 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 03/25/2052 ~  | 49765 | 43674 |
| 3.000% due 05/25/2052 ~  | 63466 | 55738 |
| 5.000% due 05/25/2052 •  | 10216 | 9549 |
| 5.193% due 09/25/2035 ~  | 25 | 24 |
| 5.368% due 02/25/2036 ~  | 148 | 97 |
| 5.567% due 10/25/2035 ~  | 2 | 2 |
| 5.685% due 07/25/2035 ~  | 29 | 28 |
| 5.869% due 11/25/2033 ~  | 9 | 9 |
| **Luminent Mortgage Trust** <br>4.186% due 12/25/2036 •  | 758 | 678 |
| **Manhattan West Mortgage Trust** <br>2.130% due 09/10/2039 | 23200 | 22331 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.056% due 04/25/2046 •  | 548 | 516 |
| **MASTR Alternative Loan Trust**  |  |  |
| 4.246% due 03/25/2036 •  | 368 | 31 |
| 6.000% due 03/25/2036  | 585 | 511 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust**  |  |  |
| 4.345% due 06/15/2030 •  | 3 | 3 |
| 4.762% due 10/20/2029 •  | 2 | 2 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.266% due 02/25/2036 •  | 113 | 112 |
| 4.346% due 11/25/2035 •  | 148 | 142 |
| 4.766% due 06/25/2035 ~  | 40 | 39 |
| 6.041% due 02/25/2033 ~  | 15 | 14 |
| **MFA Trust**  |  |  |
| 1.381% due 04/25/2065 ~  | 2923 | 2871 |
| 1.947% due 04/25/2065 ~  | 1208 | 1189 |
| 5.261% due 08/25/2070 þ  | 26549 | 26635 |
| **Morgan Stanley Capital I Trust** <br>5.034% due 12/15/2038 •  | 22800 | 21985 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>4.000% due 06/25/2064 þ | 3773 | 3701 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 9868 | 9579 |
| 2.750% due 11/25/2059 ~  | 9403 | 9093 |
| 6.864% due 10/25/2063 þ  | 9843 | 9960 |
| **NYMT Loan Trust** <br>5.379% due 06/25/2069 ~ | 2697 | 2715 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 28641 | 25065 |
| 5.949% due 02/25/2063 þ  | 5626 | 5629 |
| 6.120% due 11/25/2062 ~  | 5086 | 5074 |
| **PMT Loan Trust** <br>2.500% due 07/25/2051 ~ | 9655 | 8087 |
| **PRPM LLC** <br>4.000% due 11/25/2054 þ | 3497 | 3435 |
| **RALI Trust**  |  |  |
| 3.996% due 02/25/2047 •  | 1129 | 341 |
| 4.206% due 07/25/2036 •  | 10712 | 3418 |
| 4.246% due 12/25/2046 •  | 406 | 368 |
| 4.266% due 04/25/2046 •  | 39 | 10 |
| 4.386% due 05/25/2046 •  | 135 | 105 |
| 5.007% due 10/25/2037 ~  | 2438 | 1941 |
| 6.000% due 06/25/2036  | 285 | 235 |
| 6.250% due 02/25/2037  | 5318 | 4446 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 01/25/2046 •  | 90 | 25 |
| 5.750% due 02/25/2036  | 3483 | 2399 |
| 6.500% due 08/25/2036  | 571 | 156 |
| **RFMSI Trust**  |  |  |
| 5.532% due 09/25/2035 ~  | 127 | 79 |
| 6.500% due 03/25/2032  | 8 | 8 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.329% due 09/20/2046 ~  | 1073 | 596 |
| 6.610% due 04/20/2035 ~  | 6 | 6 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.252% due 09/25/2036 ~  | 283 | 190 |
| 4.473% due 08/25/2035 ~  | 133 | 115 |
| 6.088% due 04/25/2034 ~  | 2 | 2 |
| 6.298% due 02/25/2034 ~  | 19 | 18 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.226% due 06/25/2036 •  | 10 | 10 |
| 4.266% due 05/25/2036 •  | 196 | 139 |
| 4.286% due 05/25/2036 •  | 1277 | 1073 |
| 4.286% due 09/25/2047 •  | 1291 | 1167 |
| 4.366% due 05/25/2046 •  | 28 | 17 |
| 4.426% due 07/19/2034 •  | 1 | 1 |
| 4.446% due 08/25/2036 •  | 784 | 586 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| 4.466% due 12/25/2035 •  | 2 | 2 |
| 5.529% due 08/25/2047 •  | 630 | 545 |
| **Structured Asset Securities Corp.** <br>4.126% due 01/25/2036 •  | 728 | 612 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.136% due 10/25/2036 •  | 4992 | 4205 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 5.096% due 06/25/2037 •  | 202 | 190 |
| 5.363% due 06/25/2037 •  | 1239 | 1073 |
| 5.396% due 10/25/2043 ~  | 16 | 15 |
| 5.413% due 06/25/2037 •  | 2999 | 2585 |
| 5.413% due 06/25/2047 •  | 340 | 315 |
| 5.463% due 03/25/2037 •  | 240 | 171 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 11429 | 10511 |
| 2.710% due 01/25/2060 ~  | 7510 | 7269 |
| 2.900% due 10/25/2059 ~  | 32633 | 31521 |
| 4.578% due 10/27/2064 ~  | 7430 | 7458 |
| 4.846% due 05/25/2058 •  | 2535 | 2584 |
| **UWM Mortgage Trust** <br>3.000% due 01/25/2052 ~ | 6117 | 5350 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.878% due 12/25/2046 •  | 48 | 43 |
| 4.150% due 09/25/2036 ~  | 1030 | 884 |
| 4.171% due 02/27/2034 •  | 35 | 35 |
| 4.341% due 04/25/2035 ~  | 60 | 59 |
| 4.369% due 12/25/2035 ~  | 86 | 79 |
| 4.372% due 02/25/2037 ~  | 1936 | 1731 |
| 4.406% due 11/25/2045 •  | 1234 | 1163 |
| 4.466% due 01/25/2045 •  | 48 | 48 |
| 4.509% due 10/25/2035 ~  | 97 | 89 |
| 4.586% due 11/25/2034 •  | 172 | 169 |
| 4.665% due 08/25/2046 ~  | 567 | 516 |
| 5.009% due 06/25/2046 •  | 281 | 267 |
| 5.029% due 02/25/2046 •  | 690 | 640 |
| 5.529% due 10/25/2046 •  | 401 | 385 |
| 5.731% due 06/25/2033 ~  | 10 | 10 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.226% due 07/25/2046 •  | 2025 | 1749 |
| 4.799% due 04/25/2047 •  | 4279 | 3607 |
| 4.869% due 05/25/2047 •  | 2 | 7 |
| 4.969% due 07/25/2046 •  | 261 | 163 |
| **Wells Fargo Commercial Mortgage Trust** <br>3.862% due 12/15/2039 | 18800 | 18259 |
|  |  | 678464 |
| **U.S. GOVERNMENT AGENCIES 45.6%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 01/01/2051 - 02/01/2051 | 4726 | 4013 |
| 3.000% due 06/01/2051 | 475 | 421 |
| 3.500% due 07/01/2039 - 10/01/2039 | 2119 | 2036 |
| 4.000% due 06/01/2038 - 06/01/2052 | 3960 | 3791 |
| 5.500% due 06/01/2053 - 01/01/2055 | 85688 | 87068 |
| 6.000% due 12/01/2033 - 10/01/2054 | 129206 | 133215 |
| 6.500% due 09/01/2053 - 04/01/2055 | 53047 | 55369 |
| 6.521% due 09/01/2035 •  | 4 | 4 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.733% due 01/15/2038 ~(a) | 1523 | 77 |
| 4.578% due 10/15/2040 •  | 648 | 643 |
| 4.673% due 01/15/2038 •  | 1523 | 1503 |
| 4.698% due 12/15/2037 •  | 71 | 70 |
| 4.814% due 11/25/2054 •  | 13058 | 13114 |
| 4.874% due 02/25/2055 •  | 10362 | 10423 |
| 5.024% due 03/25/2055 •  | 26272 | 26363 |
| 5.274% due 03/25/2055 •  | 9104 | 9188 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>5.229% due 10/25/2044 - 02/25/2045 •  | 512 | 475 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 02/01/2051 | 3562 | 3019 |
| 3.000% due 10/01/2049 - 03/01/2060 | 28739 | 25406 |
| 3.500% due 04/01/2027 - 01/01/2059 | 36455 | 33882 |
| 4.000% due 02/01/2039 - 08/01/2053 | 8257 | 7922 |
| 4.500% due 07/01/2052 | 1784 | 1755 |
| 5.276% due 06/01/2043 •  | 7 | 8 |
| 5.500% due 06/01/2053 - 10/01/2053 | 37612 | 38261 |
| 5.756% due 12/01/2034 •  | 23 | 24 |
| 6.000% due 01/01/2054 - 10/01/2054 | 334233 | 343755 |
| 6.125% due 06/01/2035 •  | 60 | 61 |
| 6.133% due 12/01/2030 •  | 2 | 2 |
| 6.346% due 11/01/2034 •  | 138 | 145 |
| 6.460% due 04/01/2032 •  | 4 | 4 |
| 6.500% due 08/01/2053 - 04/01/2055 | 172615 | 179631 |
| **Federal National Mortgage Association Grantor Trust**<br>6.000% due 02/25/2044 | 66 | 67 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.306% due 03/25/2034 •  | 2 | 2 |
| 4.389% due 06/25/2036 •  | 111 | 110 |
| 4.489% due 10/25/2040 •  | 62 | 62 |
| 5.024% due 03/25/2055 •  | 15122 | 15176 |
| 5.034% due 03/25/2055 •  | 8070 | 8103 |
| 5.374% due 12/25/2054 •  | 24299 | 24528 |
| 6.000% due 04/25/2043 | 75 | 76 |
| **Federal National Mortgage Association REMICS Trust**<br>6.000% due 07/25/2044 | 176 | 183 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 03/20/2052 - 12/20/2052 | 121792 | 109653 |
| 3.500% due 02/20/2052 - 07/20/2055 | 760737 | 693190 |
| 5.375% due 08/20/2027 •  | 2 | 2 |
| 5.625% due 04/20/2027 - 05/20/2030 •  | 26 | 26 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/20/2046 - 05/20/2047 | 145 | 143 |
| 4.918% due 12/20/2073 •  | 11236 | 11348 |
| 6.000% due 08/20/2034 | 1695 | 1709 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 02/01/2056 | 68878 | 59410 |
| 3.000% due 01/01/2056 - 02/01/2056 | 318900 | 286401 |
| 6.500% due 02/01/2056 | 486600 | 502510 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 5.000% due 01/01/2056 - 02/01/2056 | 2471686 | 2463123 |
| 5.500% due 01/01/2056 | 311000 | 315397 |
| 6.000% due 02/01/2056 - 03/01/2056 | 476620 | 489173 |
| 6.500% due 02/01/2056 - 03/01/2056 | 1659165 | 1725015 |
|  |  | 7687055 |
| **U.S. TREASURY OBLIGATIONS 6.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 02/15/2041 (m) | 14700 | 10275 |
| 2.250% due 08/15/2049 (i)(m) | 39750 | 24940 |
| 2.375% due 11/15/2049 (m) | 9225 | 5928 |
| 3.000% due 02/15/2048 (k)(m) | 34100 | 25386 |
| 3.000% due 08/15/2048 (m) | 8550 | 6333 |
| 3.000% due 02/15/2049 (m) | 375 | 276 |
| 3.375% due 11/15/2048 (i)(m) | 72400 | 57303 |
| 4.125% due 08/15/2044 (i)(m) | 87750 | 80562 |
| 4.500% due 11/15/2054 (i)(m) | 343300 | 323909 |
| 4.625% due 02/15/2055 (i) | 213900 | 206096 |
| 4.875% due 08/15/2045 (m) | 4867 | 4916 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 2.375% due 01/15/2027 (k) | 6781 | 6836 |
| 2.500% due 01/15/2029 (k) | 38141 | 39380 |
| 3.875% due 04/15/2029 (k) | 14855 | 16006 |
| 0.125% due 07/15/2031 (k) | 55883 | 51795 |
| 0.125% due 01/15/2032 (k) | 52975 | 48424 |
| 0.500% due 01/15/2028 (k) | 92269 | 90665 |
| 0.625% due 07/15/2032 (k) | 35973 | 33760 |
| 1.125% due 01/15/2033 (i)(k)(m) | 104663 | 100461 |
| **U.S. Treasury Notes**  |  |  |
| 3.500% due 02/15/2033 (k)(m) | 4970 | 4830 |
| 4.000% due 02/29/2028 (k)(m) | 10200 | 10308 |
| 4.250% due 08/15/2035 (k)(m) | 7500 | 7555 |
|  |  | 1155944 |
| Total United States (Cost $11,212,076) |  | 11164547 |
| **SHORT-TERM INSTRUMENTS 1.5%**  |  |  |
| **COMMERCIAL PAPER 0.6%**  |  |  |
| **Air Lease Corp.**  |  |  |
| 4.000% due 01/14/2026  | $3900 | 3894 |
| 4.150% due 01/02/2026  | 5100 | 5099 |
| 4.300% due 01/08/2026  | 2150 | 2148 |
| **Alimentation Couche-Tard, Inc.** <br>3.990% due 01/21/2026 | 900 | 898 |
| **Bacardi-Martini BV** <br>4.350% due 01/29/2026 | 700 | 698 |
| **Conagra Brands, Inc.**  |  |  |
| 4.050% due 01/05/2026  | 1400 | 1399 |
| 4.100% due 01/13/2026  | 4000 | 3994 |
| **Crown Castle, Inc.**  |  |  |
| 4.150% due 01/20/2026  | 3350 | 3342 |
| 4.150% due 01/22/2026  | 8100 | 8079 |
| **Edison International**  |  |  |
| 4.250% due 01/02/2026  | 4200 | 4199 |
| 4.550% due 01/05/2026  | 850 | 850 |
| 4.550% due 01/06/2026  | 850 | 849 |
| **Fidelity National Information Services, Inc.**  |  |  |
| 3.950% due 01/07/2026  | 1200 | 1199 |
| 3.950% due 01/14/2026  | 900 | 899 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 182 | 227 |
| 3.950% due 01/23/2026  | 4250 | 4240 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>4.150% due 01/08/2026 | 4700 | 4695 |
| **HCA, Inc.**  |  |  |
| 4.100% due 01/20/2026  | 11900 | 11873 |
| 4.100% due 01/21/2026  | 6350 | 6335 |
| 4.120% due 01/20/2026  | 2900 | 2894 |
| 4.120% due 02/04/2026  | 2800 | 2789 |
| 4.300% due 01/05/2026  | 1450 | 1449 |
| **Jabil, Inc.** <br>4.130% due 01/14/2026 | 12900 | 12878 |
| **Southern California Edison Co.** <br>4.550% due 01/05/2026 | 9100 | 9095 |
|  |  | 93795 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **NIGERIA TREASURY BILLS 0.3%**  |  |  |
| 31.999% due 06/11/2026 - 06/26/2026 (d)(e) | 72111394 | 45472 |
| **U.S. TREASURY BILLS 0.6%**  |  |  |
| 3.656% due 01/13/2026 - 04/21/2026 (d)(e)(k)(m) | $103698 | 102735 |
| Total Short-Term Instruments (Cost $238,377) |  | 242002 |
| Total Investments in Securities (Cost $22,785,967) |  | 22662443 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 4.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 4.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.9%**  |  |  |
| **PIMCO Short Asset Portfolio** | 77385213 | 759691 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 7536247 | 73410 |
| Total Short-Term Instruments (Cost $842,233) |  | 833101 |
| Total Investments in Affiliates (Cost $842,233) |  | 833101 |
| Total Investments 139.5% (Cost $23,628,200) |  | $23495544 |
| **Financial Derivative Instruments (j)(l) (0.8)**%(Cost or Premiums, net $98,045) |  | (141121) |
| Other Assets and Liabilities, net (38.7)% |  | (6506578) |
| Net Assets 100.0% |  | $16847845 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 45 | 60 | 82 | 89 | 114 | 137 | 154 | 170 | 195 | 211 | 227 | 236 | 243 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC | Alfa-Bank CJSC | Alfa-Bank CJSC | 6.330 | 10/21/2026 | 10/21/2026 | 10/27/2025 | 10/27/2025 | 10/27/2025 | 3559 | 3559 | 3559 | 3559 | 3559 | 0.02 |
| Dorchester LLC | Dorchester LLC | Dorchester LLC | 4.349 | 01/04/2027 | 01/04/2027 | 12/10/2025 | 12/10/2025 | 12/10/2025 | 7952 | 7952 | 7992 | 7992 | 7992 | 0.05 |
| Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | 6.026 | 03/26/2026 | 03/26/2026 | 03/18/2025 | 03/18/2025 | 03/18/2025 | 5200 | 5200 | 5200 | 5200 | 5200 | 0.03 |
| Project Alpha Investindustrial | Project Alpha Investindustrial | Project Alpha Investindustrial | 4.150 | 02/27/2026 | 02/27/2026 | 02/28/2025 | 02/28/2025 | 02/28/2025 | 3235 | 3235 | 3665 | 3665 | 3665 | 0.02 |
| Project Fenno | Project Fenno | Project Fenno | 0.000 | 07/10/2028 | 07/10/2028 | 07/16/2025 | 07/16/2025 | 07/16/2025 | 13232 | 13232 | 13467 | 13467 | 13467 | 0.08 |
| Royal Bank of Scotland International Ltd. | Royal Bank of Scotland International Ltd. | Royal Bank of Scotland International Ltd. | 4.660 | 12/16/2028 | 12/16/2028 | 11/18/2025 | 11/18/2025 | 11/18/2025 | 19000 | 19000 | 18984 | 18984 | 18984 | 0.11 |
|  |  |  |  |  |  |  |  | $ | 52178 | $ | 52867 | 52867 | 0.31%  | 0.31%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | 3.000%  | 3.000%  | 3.000%  | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2147) | (2147) | (2151) | (2151) | (2151) |
| BRC | BRC | 3.550  | 3.550  | 3.550  | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9116) | (9116) | (9135) | (9135) | (9135) |
|  |  | 3.850  | 3.850  | 3.850  | 12/12/2025 | 12/12/2025 | 01/30/2026 | 01/30/2026 | 01/30/2026 | (20158) | (20158) | (20203) | (20203) | (20203) |
| FAR | FAR | 3.870  | 3.870  | 3.870  | 12/16/2025 | 12/16/2025 | 01/15/2026 | 01/15/2026 | 01/15/2026 | (587356) | (587356) | (588430) | (588430) | (588430) |
|  |  | 3.870  | 3.870  | 3.870  | 12/17/2025 | 12/17/2025 | 01/15/2026 | 01/15/2026 | 01/15/2026 | (70685) | (70685) | (70806) | (70806) | (70806) |
| JPS | JPS | 3.930  | 3.930  | 3.930  | 12/22/2025 | 12/22/2025 | 01/05/2026 | 01/05/2026 | 01/05/2026 | (4667) | (4667) | (4673) | (4673) | (4673) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | **(695398)** | **(695398)** | **(695398)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% | United States (13.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.500% | 3.500% | 01/01/2056 | $ | 5000 | $(4575) | (4575) | $ | $(4551) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.500 | 3.500 | 02/01/2056 |  | 113190 | (102729) | (102729) |  | (103012) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2041 |  | 244800 | (226176) | (226176) |  | (226708) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2056 |  | 308110 | (250435) | (250435) |  | (249134) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 02/01/2056 |  | 1046640 | (848148) | (848148) |  | (846098) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 2.500 | 02/01/2056 |  | 71530 | (60524) | (60524) |  | (60471) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 3.000 | 02/01/2056 |  | 136100 | (120422) | (120422) |  | (120305) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 3.500 | 02/01/2056 |  | 143100 | (131908) | (131908) |  | (131859) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 4.000 | 02/01/2056 |  | 6300 | (5979) | (5979) |  | (5972) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 4.500 | 01/01/2056 |  | 14100 | (13707) | (13707) |  | (13767) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.000 | 5.000 | 01/01/2056 |  | 308786 | (307266) | (307266) |  | (307990) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 26 | 42 | 64 | 74 | 87 | 109 | 113 | 114 | 138 | 153 | 169 | 170 | 187 | 191 | 204 | 213 | 225 | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 02/01/2056 | 02/01/2056 |  |  | 131000 | 131000 |  | (132372) | (132372) | (132719) |
| **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** |  |  |  |  |  |  |  | **$** | **(2204241)** | **(2204241)** | **(2202586)** |
| **(i)** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $689,391 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(169177) at a weighted average interest rate of 4.272%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 1073 | $1073 | 1073 | 1073 | (179) | (179) | (179) | $ | (168) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 327 | 327 | 327 | 327 | (56) | (56) | (56) |  | (104) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 1400 | 1400 | 1400 | 1400 | (269) | (269) | (269) |  | (108) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 127.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 445 | 445 | 445 | 445 | (226) | (226) | (226) |  | (314) |
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 130.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 445 | 445 | 445 | 445 | (241) | (241) | (241) |  | (21) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(971)** | **(971)** | **(971)** | **$** | **(715)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Liability |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 3994 | 3994 | 351837 | 351837 | 351837 | 351837 | $(3666) | (3666) | (3666) | (3666) | $ | 0 | 0 | 0 | (844) |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 03/2026 | 03/2026 | 9299 | 9299 | 1313349 | 1313349 | 1313349 | 1313349 | (5786) | (5786) | (5786) | (5786) |  | 0 | 0 | 0 | (3934) |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 216 | 216 | 27953 | 27953 | 27953 | 27953 | (587) | (587) | (587) | (587) |  | 0 | 0 | 0 | (86) |
| Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 7679 | 7679 | 945763 | 945763 | 945763 | 945763 | 8336 | 8336 | 8336 | 8336 |  | 1656 | 1656 | 1656 | (724) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 2960 | 2960 | 323542 | 323542 | 323542 | 323542 | (344) | (344) | (344) | (344) |  | 0 | 0 | 0 | (347) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 1343 | 1343 | 151004 | 151004 | 151004 | 151004 | (245) | (245) | (245) | (245) |  | 0 | 0 | 0 | (273) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 9519 | 9519 | 1094834 | 1094834 | 1094834 | 1094834 | (7132) | (7132) | (7132) | (7132) |  | 0 | 0 | 0 | (1785) |
|  |  |  |  |  |  |  |  |  |  | (9424) | (9424) | (9424) | $ | $ | 1656 | 1656 | $ | (7993) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Liability |
| Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | 03/2026 | 03/2026 | 750 | 750 | (52552) | (52552) | (52552) | (52552) | $(2) | (2) | (2) | (2) | $ | 14 | 14 | 14 | (15) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 11018 | 11018 | (805021) | (805021) | (805021) | (805021) | (1522) | (1522) | (1522) | (1522) |  | 0 | 0 | 0 | (917) |
| Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | 03/2026 | 03/2026 | 172 | 172 | (14197) | (14197) | (14197) | (14197) | 94 | 94 | 94 | 94 |  | 25 | 25 | 25 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 6301 | 6301 | (860157) | (860157) | (860157) | (860157) | 6373 | 6373 | 6373 | 6373 |  | 593 | 593 | 593 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 2388 | 2388 | (358010) | (358010) | (358010) | (358010) | 4776 | 4776 | 4776 | 4776 |  | 646 | 646 | 646 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 3768 | 3768 | (533991) | (533991) | (533991) | (533991) | 5545 | 5545 | 5545 | 5545 |  | 1284 | 1284 | 1284 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 3756 | 3756 | (471377) | (471377) | (471377) | (471377) | 667 | 667 | 667 | 667 |  | 44 | 44 | 44 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 658 | 658 | (556217) | (556217) | (556217) | (556217) | 3754 | 3754 | 3754 | 3754 |  | 1218 | 1218 | 1218 | 0 |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 2219 | 2219 | (463303) | (463303) | (463303) | (463303) | (335) | (335) | (335) | (335) |  | 156 | 156 | 156 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 2419 | 2419 | (285442) | (285442) | (285442) | (285442) | 4798 | 4798 | 4798 | 4798 |  | 907 | 907 | 907 | 0 |
|  |  |  |  |  |  |  |  |  |  | 24148 | 24148 | 24148 | $ | $ | 4887 | 4887 | $ | (932) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **14724** | **14724** | **14724** | **$** | **$** | **6543** | **6543** | **$** | **(8925)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Deutsche Bank  | 12/20/2032 | 1.011 | EUR | 13900 | 13900 | (104) | (104) | (104) | $ | 98 | 98 | $ | (6) | (6) | (6) | 15 | 15 | 0 |
| Ford Motor Credit Co. LLC  | 06/20/2026 | 0.432 | $ | $3100 | 3100 | 271 | 271 | 271 |  | (200) | (200) |  | 71 | 71 | 71 | 1 | 1 | 0 |
|  |  |  |  |  |  | $167 | 167 | 167 | $ | (102) | (102) | (102) | 65 | 65 | 65 | $16 | 16 | $0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 13 | 19 | 23 | 27 | 36 | 40 | 70 | 72 | 110 | 147 | 179 | 204 | 214 | 245 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | $737140 | 737140 | (5612) | (800) | (6412) | (6412) | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | $136520 | 136520 | 2948 | 155 | 3103 | 3103 | 2 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1343680 | 1343680 | 30109 | 728 | 30837 | 30837 | 19 | 0 |
|  |  |  |  |  |  |  |  |  |  | 33057 | 883 | 33940 | 33940 | 21 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.000% | 3.000% | Annual | Annual | 06/17/2027 | GBP | 390900 | $(909) | $(5875) | $(6784) | (6784) | $0 | $(3) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 09/17/2027 |  | 166440 | 1070 | (773) | 297 | 297 | 0 | (16) |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 03/17/2028 |  | 977400 | 3030 | 10283 | 13313 | 13313 | 301 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 09/17/2030 |  | 97100 | (450) | 989 | 539 | 539 | 110 | 0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 03/18/2031 |  | 700496 | 1942 | 1745 | 3687 | 3687 | 879 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 09/17/2035 |  | 114100 | 2416 | (2694) | (278) | (278) | 0 | (156) |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 03/18/2036 |  | 339600 | (1089) | 1640 | 551 | 551 | 0 | (492) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | 09/17/2055 |  | 7600 | 337 | (424) | (87) | (87) | 0 | (20) |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | 03/18/2056 |  | 45100 | 729 | (1084) | (355) | (355) | 0 | (120) |
| Receive<sup>(6)</sup> | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.750 | 5.750 | Semi-Annual | Semi-Annual | 03/18/2031 | INR | 2097640 | (3) | 187 | 184 | 184 | 0 | (10) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | 0.750 | Annual | Annual | 03/19/2027 | JPY | 86610000 | 118 | (276) | (158) | (158) | 0 | (33) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.600 | 0.600 | Annual | Annual | 12/18/2029 |  | 21820900 | (489) | (3889) | (4378) | (4378) | 0 | (168) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 5.890 | 5.890 | Semi-Annual | Semi-Annual | 03/17/2031 |  | 29934240 | (12221) | (3206) | (15427) | (15427) | 0 | (320) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/19/2032 |  | 58150000 | (1224) | (10377) | (11601) | (11601) | 0 | (680) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 09/18/2034 |  | 57990000 | (813) | (22064) | (22877) | (22877) | 0 | (796) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 12/18/2034 |  | 2867700 | 183 | (1395) | (1212) | (1212) | 0 | (39) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/19/2035 |  | 36530000 | (2990) | (12297) | (15287) | (15287) | 0 | (494) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | 06/18/2035 |  | 2240000 | 282 | (955) | (673) | (673) | 0 | (30) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | 09/17/2035 |  | 73449850 | (3725) | (20602) | (24327) | (24327) | 0 | (995) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | 0.400 | Semi-Annual | Semi-Annual | 06/19/2039 |  | 11190000 | 10493 | 4730 | 15223 | 15223 | 173 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | 0.450 | Annual | Annual | 12/15/2051 |  | 61700 | (110) | (64) | (174) | (174) | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.800 | 0.800 | Annual | Annual | 06/15/2052 |  | 5184300 | (6410) | (6178) | (12588) | (12588) | 0 | (81) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 27 | 40 | 72 | 110 | 147 | 179 | 214 | 245 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.250 | Annual | 09/17/2055 | 980000 | 41 | (763) | (722) | 0 | (23) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 | 1100000 | 14 | (498) | (484) | 0 | (28) |
| Receive<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.250 | Semi-Annual | 03/18/2027 | 956032 | 1079 | 73 | 1152 | 0 | (313) |
| Receive<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | Semi-Annual | 03/18/2031 | 617430 | 8548 | 1923 | 10471 | 0 | (1368) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | $869700 | 6249 | (6544) | (295) | 50 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | 3100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 08/22/2026 | 208100 | 0 | (328) | (328) | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.965 | Annual | 11/30/2026 | 479900 | 16480 | (13904) | 2576 | 105 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 222800 | 1454 | (825) | 629 | 0 | (44) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2027 | 1034970 | 20968 | (5396) | 15572 | 333 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2027 | 15754 | 1198 | (624) | 574 | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2027 | 158400 | (996) | (96) | (1092) | 0 | (61) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.460 | Annual | 06/30/2027 | 465700 | 0 | (253) | (253) | 0 | (179) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 557700 | 3187 | 168 | 3355 | 0 | (250) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 235390 | (1167) | 119 | (1048) | 146 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 28400 | 0 | (119) | (119) | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.662 | Annual | 05/31/2028 | 63600 | 0 | (278) | (278) | 47 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 05/31/2028 | 82700 | 0 | (431) | (431) | 61 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.851 | Annual | 02/28/2029 | 180100 | 0 | (1996) | (1996) | 183 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | 02/28/2029 | 135400 | 0 | (1557) | (1557) | 138 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 319367 | 90 | 1269 | 1359 | 456 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 423916 | 415 | 2 | 417 | 607 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 96200 | (1793) | 511 | (1282) | 156 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 130520 | (475) | 250 | (225) | 212 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 359264 | (358) | (3225) | (3583) | 645 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.828 | Annual | 05/15/2032 | 60900 | 35 | (809) | (774) | 110 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.836 | Annual | 05/15/2034 | 47100 | 0 | (366) | (366) | 99 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.847 | Annual | 05/15/2034 | 28200 | 0 | (243) | (243) | 59 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 05/15/2034 | 50000 | 0 | (481) | (481) | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 392350 | 10886 | (11361) | (475) | 832 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 | 77500 | (236) | (657) | (893) | 166 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | 08/07/2034 | 13300 | (45) | 133 | 88 | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 6700 | (24) | 94 | 70 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 | 4700 | (17) | 59 | 42 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 10700 | (40) | 255 | 215 | 23 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 | 3800 | (14) | 155 | 141 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 21400 | (63) | (137) | (200) | 48 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 21790 | 990 | 36 | 1026 | 49 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 27600 | (81) | (237) | (318) | 63 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 11800 | (34) | (55) | (89) | 27 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 38500 | 2061 | (280) | 1781 | 87 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 27 | 40 | 63 | 72 | 110 | 147 | 179 | 214 | 245 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 |  | 160400 | 321 | 1320 | 1641 | 364 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 |  | 159700 | (141) | 1021 | 880 | 364 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 |  | 272298 | 695 | 484 | 1179 | 621 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 |  | 206500 | (4063) | 4705 | 642 | 479 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 704000 | (4614) | 7038 | 2424 | 1637 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 |  | 106970 | (2051) | 347 | (1704) | 247 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 |  | 1600 | 10 | 115 | 125 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 |  | 66570 | 22040 | 5017 | 27057 | 172 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 |  | 29070 | 1926 | 2547 | 4473 | 90 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 11/15/2054 |  | 46700 | 0 | 1804 | 1804 | 157 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.955 | Annual | 11/15/2054 |  | 18800 | 0 | 681 | 681 | 63 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.959 | Annual | 11/15/2054 |  | 41000 | 0 | 1454 | 1454 | 138 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.964 | Annual | 11/15/2054 |  | 28600 | 0 | 989 | 989 | 97 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.990 | Annual | 11/15/2054 |  | 44800 | 0 | 1352 | 1352 | 152 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.996 | Annual | 11/15/2054 |  | 17000 | 0 | 495 | 495 | 58 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.111 | Annual | 11/15/2054 |  | 28100 | 0 | 267 | 267 | 97 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.115 | Annual | 11/15/2054 |  | 12540 | 0 | 111 | 111 | 43 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.117 | Annual | 11/15/2054 |  | 2220 | 0 | 19 | 19 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 11/15/2054 |  | 25940 | 0 | 165 | 165 | 89 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | 02/15/2055 |  | 10000 | 0 | 728 | 728 | 33 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.772 | Annual | 02/15/2055 |  | 7900 | 0 | 565 | 565 | 26 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.777 | Annual | 02/15/2055 |  | 9400 | 0 | 665 | 665 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.798 | Annual | 02/15/2055 |  | 43500 | 0 | 2918 | 2918 | 144 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 30600 | 0 | 2006 | 2006 | 102 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.861 | Annual | 02/15/2055 |  | 11600 | 0 | 645 | 645 | 39 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.866 | Annual | 02/15/2055 |  | 19800 | 0 | 1080 | 1080 | 66 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.773 | Annual | 03/04/2055 |  | 32600 | 0 | 2332 | 2332 | 108 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 60200 | 7432 | 2455 | 9887 | 187 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 27500 | 102 | 1047 | 1149 | 92 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 19584 | (342) | 695 | 353 | 67 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 35627 | (19) | 1318 | 1299 | 120 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 14280 | 1449 | 199 | 1648 | 45 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 12336 | (132) | 468 | 336 | 42 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 55300 | 2327 | 1587 | 3914 | 181 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 27400 | 629 | 140 | 769 | 92 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.294 | Annual | 02/10/2027 | CHF | 127700 | (3801) | 4708 | 907 | 5 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.283 | Annual | 02/14/2027 |  | 33300 | (1009) | 1237 | 228 | 1 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.343 | Annual | 05/16/2027 |  | 30200 | (907) | 1183 | 276 | 0 | (1) |
| Pay<sup>(6)</sup> | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 360268800 | 2553 | (13878) | (11325) | 73 | 0 |
| Receive<sup>(6)</sup> | 3-Month NZD-BBR | 2.500 | Semi-Annual | 03/12/2028 | NZD | 307100 | 107 | 1689 | 1796 | 0 | (234) |
| Receive<sup>(6)</sup> | 3-Month NZD-BBR | 3.000 | Semi-Annual | 03/18/2028 |  | 532800 | 207 | 9 | 216 | 0 | (404) |
| Receive<sup>(6)</sup> | 3-Month NZD-BBR | 3.500 | Semi-Annual | 03/18/2031 |  | 501700 | (4508) | 6297 | 1789 | 0 | (1231) |
| Pay | 3-Month SEK-STIBOR | 2.474 | Annual | 02/03/2030 | SEK | 788000 | (18) | 1710 | 1692 | 117 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 19 | 27 | 40 | 63 | 72 | 108 | 110 | 145 | 147 | 177 | 179 | 212 | 214 | 243 | 245 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | AUD | 77200 |  | (3953) |  | 2210 |  | (1743) |  | 0 |  | (14) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 |  | 1928900 |  | (18400) |  | (40042) |  | (58442) |  | 0 |  | (1075) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2035 |  | 94000 |  | (55) |  | (2166) |  | (2221) |  | 0 |  | (124) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/19/2035 |  | 305200 |  | 1078 |  | (4291) |  | (3213) |  | 0 |  | (402) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 |  | 251000 |  | 1344 |  | (7874) |  | (6530) |  | 0 |  | (330) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/17/2035 |  | 125500 |  | 2074 |  | (3626) |  | (1552) |  | 0 |  | (165) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/18/2036 |  | 244900 |  | 198 |  | (7582) |  | (7384) |  | 0 |  | (296) |
| Pay | Pay | 6-Month CZK-PRIBOR | 1.913 | Annual | 01/30/2029 | CZK | 264500 |  | (1021) |  | 399 |  | (622) |  | 7 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/19/2027 | EUR | 507230 |  | 5986 |  | 10248 |  | 16234 |  | 0 |  | (9) |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.700 | Annual | 04/11/2027 |  | 19400 |  | (1428) |  | 1010 |  | (418) |  | 0 |  | (2) |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 04/12/2027 |  | 32900 |  | (2475) |  | 1726 |  | (749) |  | 0 |  | (4) |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 05/11/2027 |  | 25300 |  | (1938) |  | 1357 |  | (581) |  | 0 |  | (3) |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/13/2027 |  | 39600 |  | (2553) |  | 1964 |  | (589) |  | 0 |  | (4) |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 |  | 18800 |  | (1218) |  | 936 |  | (282) |  | 0 |  | (2) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.000 | Annual | 03/18/2028 |  | 950300 |  | (3594) |  | (3086) |  | (6680) |  | 0 |  | (103) |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.795 | Annual | 10/11/2029 |  | 34492 |  | 0 |  | (624) |  | (624) |  | 0 |  | (24) |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.929 | Annual | 10/11/2029 |  | 158740 |  | 0 |  | (1911) |  | (1911) |  | 0 |  | (107) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 2334400 |  | 10964 |  | (25415) |  | (14451) |  | 0 |  | (1813) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 1224980 |  | (241) |  | (25653) |  | (25894) |  | 18 |  | (1646) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/21/2042 |  | 27930 |  | (1969) |  | (2099) |  | (4068) |  | 0 |  | (54) |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.451 | Annual | 05/27/2050 |  | 15900 |  | (1127) |  | (7890) |  | (9017) |  | 0 |  | (32) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.213 | Annual | 03/12/2055 |  | 333400 |  | 16826 |  | 20116 |  | 36942 |  | 455 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 125680 |  | 1795 |  | (9289) |  | (7494) |  | 0 |  | (420) |
| Pay | Pay | CAONREPO | 3.898 | Annual | 06/19/2026 | CAD | 395400 |  | (28) |  | 4173 |  | 4145 |  | 30 |  | 0 |
| Pay | Pay | CAONREPO | 3.925 | Annual | 06/19/2026 |  | 310100 |  | (27) |  | 3339 |  | 3312 |  | 24 |  | 0 |
| Pay | Pay | CAONREPO | 2.500 | Semi-Annual | 06/19/2029 |  | 107400 |  | (3763) |  | 3366 |  | (397) |  | 0 |  | (58) |
| Pay | Pay | CAONREPO | 2.850 | Semi-Annual | 09/01/2029 |  | 172000 |  | (261) |  | 1192 |  | 931 |  | 0 |  | (31) |
| Pay | Pay | CAONREPO | 1.713 | Semi-Annual | 10/02/2029 |  | 65800 |  | (4350) |  | 2616 |  | (1734) |  | 0 |  | (16) |
| Pay | Pay | CAONREPO | 1.900 | Semi-Annual | 12/18/2029 |  | 193700 |  | (12264) |  | 7997 |  | (4267) |  | 0 |  | (60) |
| Receive | Receive | CAONREPO | 3.250 | Semi-Annual | 03/15/2033 |  | 116000 |  | 1801 |  | (3543) |  | (1742) |  | 72 |  | 0 |
| Receive | Receive | CAONREPO | 2.850 | Semi-Annual | 06/01/2033 |  | 12400 |  | 103 |  | (25) |  | 78 |  | 8 |  | 0 |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/01/2033 |  | 19300 |  | 70 |  | (91) |  | (21) |  | 13 |  | 0 |
| Receive | Receive | CAONREPO | 3.180 | Semi-Annual | 06/01/2033 |  | 162200 |  | (111) |  | (1497) |  | (1608) |  | 105 |  | 0 |
| Receive | Receive | CAONREPO | 3.300 | Semi-Annual | 06/01/2033 |  | 199200 |  | 711 |  | (3861) |  | (3150) |  | 129 |  | 0 |
| Receive | Receive | CAONREPO | 3.400 | Semi-Annual | 06/01/2033 |  | 82200 |  | (82) |  | (1622) |  | (1704) |  | 53 |  | 0 |
| Receive | Receive | CAONREPO | 2.880 | Semi-Annual | 09/01/2033 |  | 63200 |  | 0 |  | 332 |  | 332 |  | 43 |  | 0 |
| Receive | Receive | CAONREPO | 3.500 | Semi-Annual | 09/01/2033 |  | 94100 |  | 1146 |  | (3709) |  | (2563) |  | 64 |  | 0 |
| Receive | Receive | CAONREPO | 3.700 | Semi-Annual | 09/01/2033 |  | 46400 |  | (3) |  | (1747) |  | (1750) |  | 31 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | CAONREPO | 3.000 | Semi-Annual | 03/18/2036 |  | 10600 |  | (152) |  | 20 |  | (132) |  | 0 |  | (9) |
| Pay | Pay | CAONREPO | 2.750 | Semi-Annual | 12/18/2048 |  | 36900 |  | (3458) |  | (1) |  | (3459) |  | 0 |  | (62) |
| Pay | Pay | CAONREPO | 3.250 | Semi-Annual | 06/21/2053 |  | 35300 |  | 115 |  | (1463) |  | (1348) |  | 0 |  | (65) |
|  |  |  |  |  |  |  |  | $56452 | 56452 | $(163370) | (163370) | $(106918) | (106918) | $13878 | 13878 | $(15520) | (15520) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**84064** | **84064** | $**(163389)** | **(163389)** | $**(79325)** | **(79325)** | $**13915** | **13915** | $**(15534)** | **(15534)** |
| **(k)** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $374,021 and cash of $20,204 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |

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<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 15 | 56 | 116 | 161 | 176 | 228 |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | $19299 | 2999798 | 2999798 | $0 | $(134) |
|  |  | 01/2026  | 5162 | 9194 | 9194 | 133 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 971750 | $138891 | 138891 | 0 | (543) |
|  |  | 01/2026  | 462681 | 609165 | 609165 | 0 | (14500) |
|  |  | 01/2026  | 27391 | 300 | 300 | 0 | (4) |
|  |  | 01/2026  | 11025254 | 7574 | 7574 | 0 | (73) |
|  |  | 01/2026  | 120446 | 3719 | 3719 | 0 | (107) |
|  |  | 01/2026  | 429722 | 14092 | 14092 | 410 | 0 |
|  |  | 01/2026  | $4442 | 31367 | 31367 | 39 | 0 |
|  |  | 01/2026  | 2497 | 1848 | 1848 | 0 | (6) |
|  |  | 01/2026  | 108783 | 16811200 | 16811200 | 0 | (1380) |
|  |  | 01/2026  | 13141 | 19257620 | 19257620 | 216 | 0 |
|  |  | 01/2026  | 30754 | 112538 | 112538 | 592 | 0 |
|  |  | 01/2026  | 2153 | 67924 | 67924 | 10 | 0 |
|  |  | 01/2026  | 8380 | 139692 | 139692 | 43 | 0 |
|  |  | 02/2026  | 34142 | $10716 | 10716 | 0 | (5) |
|  |  | 02/2026  | 20606186 | 14153 | 14153 | 0 | (137) |
|  |  | 02/2026  | $14 | 101 | 101 | 0 | 0 |
|  |  | 02/2026  | 12981 | 589916 | 589916 | 360 | 0 |
|  |  | 03/2026  | 50684 | 2073 | 2073 | 0 | (24) |
|  |  | 03/2026  | 5877 | 144133 | 144133 | 90 | 0 |
|  |  | 03/2026  | 121452 | $232 | 232 | 0 | (4) |
|  |  | 03/2026  | 105084 | 31173 | 31173 | 0 | (7) |
|  |  | 03/2026  | $14180 | 100024 | 100024 | 152 | 0 |
|  |  | 03/2026  | 1676 | 82325 | 82325 | 6 | 0 |
|  |  | 04/2026  | 2915 | 53724 | 53724 | 40 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 285670 | $185689 | 185689 | 0 | (4965) |
|  |  | 01/2026  | 47421 | 8618 | 8618 | 0 | (36) |
|  |  | 01/2026  | 3852 | 4892 | 4892 | 24 | 0 |
|  |  | 01/2026  | 3438653 | 488759 | 488759 | 0 | (4558) |
|  |  | 01/2026  | 513060 | 80668 | 80668 | 0 | (100) |
|  |  | 01/2026  | 181256 | 213325 | 213325 | 304 | (82) |
|  |  | 01/2026  | 6440 | 7314 | 7314 | 0 | (82) |
|  |  | 01/2026  | 57003 | $17529 | 17529 | 0 | (370) |
|  |  | 01/2026  | 910551 | 10100 | 10100 | 0 | (24) |
|  |  | 01/2026  | 4516000 | 29226 | 29226 | 374 | 0 |
|  |  | 01/2026  | 21276 | 15 | 15 | 0 | 0 |
|  |  | 01/2026  | 252 | 62 | 62 | 0 | (1) |
|  |  | 01/2026  | 48650 | 13335 | 13335 | 0 | (216) |
|  |  | 01/2026  | 1874106 | 61389 | 61389 | 1719 | 0 |
|  |  | 01/2026  | $5856 | 8887 | 8887 | 75 | 0 |
|  |  | 01/2026  | 8682 | 47421 | 47421 | 0 | (28) |
|  |  | 01/2026  | 10276 | 14083 | 14083 | 0 | (14) |
|  |  | 01/2026  | 52849 | 370105 | 370105 | 222 | 0 |
|  |  | 01/2026  | 10743 | 76041 | 76041 | 118 | 0 |
|  |  | 01/2026  | 289477 | 245761 | 245761 | 13 | (548) |
|  |  | 01/2026  | 2240 | 37470425 | 37470425 | 4 | 0 |
|  |  | 01/2026  | 4780 | 431828 | 431828 | 13 | 0 |
|  |  | 01/2026  | 937 | 1373947 | 1373947 | 16 | 0 |
|  |  | 01/2026  | 5388 | 9482 | 9482 | 73 | 0 |
|  |  | 01/2026  | 34451 | 125207 | 125207 | 424 | 0 |
|  |  | 01/2026  | 10 | 451 | 451 | 0 | 0 |
|  |  | 01/2026  | 66619 | 2093747 | 2093747 | 136 | (82) |
|  |  | 01/2026  | 18492 | 308337 | 308337 | 100 | 0 |
|  |  | 01/2026  | 130160 | $7780 | 7780 | 0 | (71) |
|  |  | 02/2026  | 2952 | 15142 | 15142 | 14 | 0 |
|  |  | 02/2026  | $13758 | 97172 | 97172 | 137 | 0 |
|  |  | 02/2026  | 10532 | 948962 | 948962 | 1 | (3) |
|  |  | 02/2026  | 26287 | 825067 | 825067 | 0 | (52) |
|  |  | 03/2026  | 93346 | 3804 | 3804 | 0 | (61) |
|  |  | 03/2026  | 148120 | $7118 | 7118 | 0 | (95) |
|  |  | 03/2026  | 590844 | 19025 | 19025 | 245 | 0 |
|  |  | 03/2026  | $19811 | 139058 | 139058 | 143 | 0 |
|  |  | 04/2026  | 262500 | $45953 | 45953 | 0 | (966) |
|  |  | 04/2026  | 850975 | 121576 | 121576 | 0 | (12986) |
|  |  | 04/2026  | $5351 | 37513 | 37513 | 38 | 0 |
|  |  | 05/2026  | 6539 | 1993 | 1993 | 0 | (45) |
|  |  | 06/2026  | 4135 | 1263 | 1263 | 0 | (16) |
|  |  | 07/2026  | 2887 | 882 | 882 | 0 | (10) |
|  |  | 06/2027  | 2865 | 869 | 869 | 0 | (19) |
|  |  | 05/2029  | 10107 | $34746 | 34746 | 1372 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 116 | 176 | 228 |
|  | 07/2029  | 1468 | 5051 | 198 | 0 |
|  | 05/2030  | 7030 | 24210 | 851 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 508200 | 72771 | 0 | (7189) |
|  | 01/2026  | 16227 | 83431 | 149 | 0 |
|  | 01/2026  | 112696 | $132345 | 0 | (151) |
|  | 01/2026  | 14882 | 4639 | 0 | (33) |
|  | 01/2026  | 909152 | 221448 | 0 | (2872) |
|  | 01/2026  | 27 | 7 | 0 | 0 |
|  | 01/2026  | $2873 | 4298 | 0 | (4) |
|  | 01/2026  | 107876 | 695161 | 1559 | 0 |
|  | 01/2026  | 49864 | 86210 | 0 | (213) |
|  | 01/2026  | 3744 | 13638 | 55 | 0 |
|  | 01/2026  | 6000 | 7690 | 0 | (14) |
|  | 01/2026  | 3362 | 149447 | 101 | 0 |
|  | 01/2026  | 692780 | $40163 | 0 | (1611) |
|  | 02/2026  | 14716 | 4568 | 0 | (53) |
|  | 02/2026  | $7967 | 147715 | 196 | 0 |
|  | 02/2026  | 113471 | 5166229 | 2945 | 0 |
|  | 03/2026  | 17324 | 320804 | 365 | 0 |
|  | 03/2026  | 21764 | 994556 | 274 | 0 |
|  | 01/2027  | 155522 | $24496 | 0 | (414) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 247019 | 326617 | 0 | (6349) |
|  | 01/2026  | 20598453 | 132343 | 744 | 0 |
|  | 01/2026  | 17943 | 5283 | 0 | (50) |
|  | 01/2026  | $9425 | 16818 | 262 | 0 |
|  | 01/2026  | 13 | 43 | 0 | 0 |
|  | 02/2026  | 67274 | $19680 | 0 | (304) |
|  | 04/2026  | 498100 | 87699 | 80 | (1412) |
|  | 06/2026  | 83468 | 24431 | 0 | (246) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 150161 | 99837 | 0 | (380) |
|  | 01/2026  | 861070 | 123156 | 0 | (392) |
|  | 01/2026  | 43426 | 50605 | 0 | (451) |
|  | 01/2026  | 22 | 7 | 0 | 0 |
|  | 01/2026  | 2190000 | 16134 | 2153 | 0 |
|  | 01/2026  | 18563 | 10715 | 23 | 0 |
|  | 01/2026  | 43 | 13 | 0 | 0 |
|  | 01/2026  | 249 | 68 | 0 | (2) |
|  | 01/2026  | 13375 | 10392 | 0 | (20) |
|  | 01/2026  | 1124 | 35 | 0 | (1) |
|  | 01/2026  | 2289175 | 75340 | 2456 | 0 |
|  | 01/2026  | $13347 | 20112 | 75 | 0 |
|  | 01/2026  | 815 | 1147 | 21 | 0 |
|  | 01/2026  | 289982 | 2023216 | 324 | 0 |
|  | 01/2026  | 18361 | 129785 | 164 | 0 |
|  | 01/2026  | 2304 | 1972 | 15 | 0 |
|  | 01/2026  | 1145 | 853 | 5 | 0 |
|  | 01/2026  | 2468 | 7894 | 11 | 0 |
|  | 01/2026  | 152248 | 13611650 | 131 | (1297) |
|  | 01/2026  | 11181 | 1737900 | 0 | (78) |
|  | 01/2026  | 2663 | 4625 | 8 | (7) |
|  | 01/2026  | 13 | 43 | 0 | 0 |
|  | 01/2026  | 3108 | 11168 | 3 | 0 |
|  | 01/2026  | 31715 | 40936 | 152 | 0 |
|  | 01/2026  | 5 | 167 | 0 | 0 |
|  | 01/2026  | 21272 | 664980 | 13 | (113) |
|  | 01/2026  | 5820 | 99524 | 181 | 0 |
|  | 02/2026  | 1029 | 5284 | 5 | 0 |
|  | 02/2026  | 26986 | $8489 | 15 | 0 |
|  | 02/2026  | 39648 | 11383 | 0 | (400) |
|  | 02/2026  | $27118 | 191422 | 244 | 0 |
|  | 02/2026  | 657 | 20559 | 0 | (3) |
|  | 03/2026  | 288054 | $37173 | 91 | 0 |
|  | 03/2026  | 29266 | 8661 | 0 | (25) |
|  | 03/2026  | 642171 | 20632 | 220 | 0 |
|  | 03/2026  | $68345 | 480463 | 564 | 0 |
|  | 04/2026  | 41834 | $12322 | 0 | (71) |
|  | 07/2026  | 43110 | 12578 | 0 | (150) |
|  | 08/2026  | 52734 | 14630 | 0 | (919) |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 01/2026  | 13 | 4 | 0 | 0 |
|  | 01/2026  | $1140 | 1464 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 10847 | 55553 | 66 | 0 |
|  | 01/2026  | 24620 | $7654 | 0 | (77) |
|  | 01/2026  | 151542109 | 103522 | 0 | (1580) |
|  | 01/2026  | 14757 | 8531 | 32 | 0 |
|  | 01/2026  | $2091 | 103282 | 59 | 0 |
|  | 01/2026  | 14138 | 45106 | 25 | 0 |
|  | 01/2026  | 54496 | 4857108 | 0 | (585) |
|  | 01/2026  | 26897 | 39516079 | 509 | 0 |
|  | 01/2026  | 16 | 476 | 0 | (1) |
|  | 01/2026  | 7727 | 129910 | 108 | 0 |
|  | 01/2026  | 892900 | $51245 | 0 | (2596) |
|  | 02/2026  | 9218 | 47292 | 41 | 0 |
|  | 02/2026  | 45094 | $14138 | 0 | (23) |
|  | 02/2026  | $1329 | 437524 | 5 | 0 |
|  | 02/2026  | 887 | 27754 | 0 | (4) |
|  | 03/2026  | 229621 | $444 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 116 | 176 | 228 |
|  | 03/2026  | 1339 | 42 | 0 | 0 |
|  | 03/2026  | $21796 | 152990 | 154 | 0 |
|  | 03/2026  | 14843 | 305562 | 35 | 0 |
|  | 03/2026  | 9243 | 5046540 | 497 | 0 |
|  | 04/2026  | 5334 | 273896 | 225 | 0 |
|  | 06/2026  | 2052258 | $3818 | 0 | (47) |
|  | 01/2027  | 196080 | 31064 | 0 | (343) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 595623 | 386921 | 0 | (10595) |
|  | 01/2026  | 4290 | 5349 | 0 | (71) |
|  | 01/2026  | 1395268 | 198242 | 0 | (1961) |
|  | 01/2026  | 16396 | 9395 | 0 | (48) |
|  | 01/2026  | 30180 | 8869 | 0 | (102) |
|  | 01/2026  | 29 | 8 | 0 | 0 |
|  | 01/2026  | $7485 | 24000 | 51 | 0 |
|  | 01/2026  | 11039 | 19594 | 246 | 0 |
|  | 01/2026  | 39868 | 145998 | 797 | 0 |
|  | 01/2026  | 3190 | 4124 | 21 | 0 |
|  | 01/2026  | 7745 | 129958 | 91 | 0 |
|  | 01/2026  | 619152 | $36007 | 0 | (1327) |
|  | 02/2026  | 23993 | 7485 | 0 | (49) |
|  | 03/2026  | 6406 | 1855 | 0 | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 108061 | 19639 | 0 | (81) |
|  | 01/2026  | 54420 | 7779 | 0 | (29) |
|  | 01/2026  | 24848 | 127674 | 204 | 0 |
|  | 01/2026  | 11482 | $3554 | 0 | (51) |
|  | 01/2026  | 6410000 | 47619 | 6697 | 0 |
|  | 01/2026  | 34454 | 23 | 0 | 0 |
|  | 01/2026  | 87689 | 21372 | 0 | (264) |
|  | 01/2026  | 84926 | 2667 | 0 | (31) |
|  | 01/2026  | 254076 | 8329 | 239 | 0 |
|  | 01/2026  | $19290 | 108061 | 430 | 0 |
|  | 01/2026  | 1201 | 1653 | 4 | 0 |
|  | 01/2026  | 9347 | 7494 | 122 | 0 |
|  | 01/2026  | 20813 | 146716 | 239 | 0 |
|  | 01/2026  | 23886 | 87258 | 417 | 0 |
|  | 01/2026  | 11847 | 15320 | 79 | (1) |
|  | 01/2026  | 1294 | 58022 | 55 | 0 |
|  | 01/2026  | 460400 | $26705 | 0 | (1057) |
|  | 02/2026  | $330211 | 1813747 | 0 | (1715) |
|  | 02/2026  | 27 | 190 | 0 | 0 |
|  | 02/2026  | 15384 | 285345 | 385 | 0 |
|  | 02/2026  | 7941 | 362079 | 216 | 0 |
|  | 03/2026  | 338 | $61 | 1 | 0 |
|  | 03/2026  | $787 | 5543 | 8 | 0 |
|  | 03/2026  | 11782 | 218573 | 289 | 0 |
|  | 04/2026  | 1133849 | $199718 | 495 | (3443) |
|  | 04/2026  | $24654 | 454618 | 347 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 6135551 | $871557 | 0 | (8774) |
|  | 01/2026  | 39331 | 5061 | 4 | 0 |
|  | 01/2026  | 159882 | 49128 | 0 | (1074) |
|  | 01/2026  | 844297 | 9484 | 113 | 0 |
|  | 01/2026  | 27020 | 15682 | 120 | 0 |
|  | 01/2026  | 88998 | 24284 | 0 | (506) |
|  | 01/2026  | 259068 | 8380 | 132 | 0 |
|  | 01/2026  | $25826 | 181419 | 205 | 0 |
|  | 01/2026  | 3084 | 21716 | 13 | 0 |
|  | 01/2026  | 1574 | 76684 | 30 | 0 |
|  | 01/2026  | 17936 | 1597238 | 0 | (207) |
|  | 01/2026  | 68494 | 98281445 | 0 | (331) |
|  | 01/2026  | 1909 | 19527 | 28 | 0 |
|  | 01/2026  | 27908 | 47955 | 0 | (289) |
|  | 01/2026  | 31791 | 117059 | 813 | 0 |
|  | 01/2026  | 559 | 25092 | 15 | 0 |
|  | 01/2026  | 168755 | $9834 | 0 | (342) |
|  | 02/2026  | 98152471 | 68494 | 431 | 0 |
|  | 02/2026  | $10855 | 201400 | 273 | 0 |
|  | 03/2026  | 228595 | $29500 | 73 | 0 |
|  | 03/2026  | 30153 | 8951 | 4 | 0 |
|  | 03/2026  | $15956 | 292522 | 188 | 0 |
|  | 04/2026  | 9178 | 169094 | 124 | 0 |
|  | 01/2027  | 404291 | $63767 | 0 | (989) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 118278 | 78329 | 0 | (609) |
|  | 01/2026  | 46991 | 8810 | 235 | 0 |
|  | 01/2026  | 1155273 | 820887 | 0 | (21277) |
|  | 01/2026  | 6206 | 7813 | 0 | (29) |
|  | 01/2026  | 34558 | 4889 | 0 | (71) |
|  | 01/2026  | 474 | 67 | 0 | 0 |
|  | 01/2026  | 80316 | 1682 | 0 | (2) |
|  | 01/2026  | 2423561 | 2813670 | 0 | (35714) |
|  | 01/2026  | 70070 | 93429 | 0 | (1021) |
|  | 01/2026  | 19338000 | 124482 | 936 | 0 |
|  | 01/2026  | 39454 | 22766 | 46 | (3) |
|  | 01/2026  | 37503 | 10252 | 0 | (194) |
|  | 01/2026  | 5365 | 568 | 0 | (15) |
|  | 01/2026  | 5950162 | 183699 | 0 | (5341) |
|  | 01/2026  | $3510 | 5232 | 0 | (18) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 15 | 56 | 93 | 103 | 116 | 159 | 175 | 176 | 217 | 227 | 234 |
|  |  | 01/2026  | 8540 | 8540 | BRL | 46991 | 46991 |  | 35 | 35 |  | 0 |
|  |  | 01/2026  | 7245 | 7245 | CAD | 10075 | 10075 |  | 99 | 99 |  | 0 |
|  |  | 01/2026  | 4889 | 4889 | CNY | 34524 | 34524 |  | 40 | 40 |  | 0 |
|  |  | 01/2026  | 5493 | 5493 | EGP | 266648 | 266648 |  | 73 | 73 |  | 0 |
|  |  | 01/2026  | 7627 | 7627 | EUR | 6500 | 6500 |  | 15 | 15 |  | 0 |
|  |  | 01/2026  | 131095 | 131095 | GBP | 98102 | 98102 |  | 1150 | 1150 |  | (10) |
|  |  | 01/2026  | 3294 | 3294 | INR | 298246 | 298246 |  | 17 | 17 |  | 0 |
|  |  | 01/2026  | 19684 | 19684 | JPY | 3066864 | 3066864 |  | 5 | 5 |  | (95) |
|  |  | 01/2026  | 156179 | 156179 | KRW | 223814997 | 223814997 |  | 0 | 0 |  | (952) |
|  |  | 01/2026  | 3922 | 3922 | NZD | 6830 | 6830 |  | 11 | 11 |  | 0 |
|  |  | 01/2026  | 7709 | 7709 | PLN | 28260 | 28260 |  | 163 | 163 |  | 0 |
|  |  | 01/2026  | 3319 | 3319 | TWD | 104760 | 104760 |  | 17 | 17 |  | 0 |
|  |  | 02/2026  | 223814997 | 223814997 | $ | $156390 | 156390 |  | 1188 | 1188 |  | 0 |
|  |  | 02/2026  | $150388 | 150388 | MXN | 2809749 | 2809749 |  | 4868 | 4868 |  | 0 |
|  |  | 03/2026  | 67613 | 67613 | $ | $8725 | 8725 |  | 21 | 21 |  | 0 |
|  |  | 03/2026  | $6653 | 6653 | MXN | 122459 | 122459 |  | 105 | 105 |  | 0 |
|  |  | 04/2026  | 7379 | 7379 |  | 136206 | 136206 |  | 109 | 109 |  | 0 |
|  |  | 05/2026  | 551 | 551 | EGP | 28100 | 28100 |  | 11 | 11 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 605580 | 605580 | $ | $86895 | 86895 |  | 0 | 0 |  | (8387) |
|  |  | 01/2026  | 49 | 49 |  | 15 | 15 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 34 | 34 |  | 9 | 9 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | $1741 | 1741 | GBP | 1308 | 1308 |  | 22 | 22 |  | 0 |
|  |  | 01/2026  | 106 | 106 | JPY | 16579 | 16579 |  | 0 | 0 |  | (1) |
|  |  | 02/2026  | 100402 | 100402 | EUR | 4084 | 4084 |  | 0 | 0 |  | (79) |
|  |  | 02/2026  | 53652 | 53652 | $ | $16663 | 16663 |  | 0 | 0 |  | (185) |
|  |  | 02/2026  | $2807 | 2807 | CNY | 19819 | 19819 |  | 26 | 26 |  | 0 |
|  |  | 03/2026  | 11294 | 11294 |  | 79324 | 79324 |  | 82 | 82 |  | 0 |
|  |  | 04/2026  | 715460 | 715460 | $ | $102253 | 102253 |  | 0 | 0 |  | (10880) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 175255372 | 175255372 |  | 119759 | 119759 |  | 0 | 0 |  | (1789) |
|  |  | 01/2026  | $18057 | 18057 | KRW | 26506171 | 26506171 |  | 326 | 326 |  | 0 |
|  |  | 01/2026  | 759 | 759 | TRY | 34268 | 34268 |  | 29 | 29 |  | 0 |
|  |  | 02/2026  | 624 | 624 |  | 28305 | 28305 |  | 18 | 18 |  | 0 |
|  |  | 03/2026  | 48116 | 48116 |  | 2195555 | 2195555 |  | 735 | 735 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 108084 | 108084 | $ | $20115 | 20115 |  | 391 | 391 |  | 0 |
|  |  | 01/2026  | 4307 | 4307 |  | 5374 | 5374 |  | 0 | 0 |  | (68) |
|  |  | 01/2026  | 2856896 | 2856896 |  | 405414 | 405414 |  | 0 | 0 |  | (4514) |
|  |  | 01/2026  | 137397 | 137397 |  | 1510 | 1510 |  | 0 | 0 |  | (16) |
|  |  | 01/2026  | 15052967 | 15052967 |  | 96810 | 96810 |  | 640 | 640 |  | 0 |
|  |  | 01/2026  | 465889 | 465889 |  | 15291 | 15291 |  | 458 | 458 |  | 0 |
|  |  | 01/2026  | $19643 | 19643 | BRL | 108084 | 108084 |  | 81 | 81 |  | 0 |
|  |  | 01/2026  | 10580 | 10580 | CNY | 74747 | 74747 |  | 90 | 90 |  | 0 |
|  |  | 01/2026  | 3727 | 3727 | IDR | 62326289 | 62326289 |  | 5 | 5 |  | 0 |
|  |  | 01/2026  | 2995 | 2995 | INR | 270508 | 270508 |  | 7 | 7 |  | 0 |
|  |  | 01/2026  | 8350 | 8350 | JPY | 1301886 | 1301886 |  | 0 | 0 |  | (32) |
|  |  | 01/2026  | 8330 | 8330 | TWD | 260481 | 260481 |  | 0 | 0 |  | (37) |
|  |  | 03/2026  | 11046 | 11046 | CNY | 77503 | 77503 |  | 80 | 80 |  | 0 |
|  |  | 06/2026  | 257289 | 257289 | $ | $479 | 479 |  | 0 | 0 |  | (6) |
|  |  | 11/2026  | 339675 | 339675 |  | 210 | 210 |  | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 63035 | 63035 | RON | 323145 | 323145 |  | 432 | 432 |  | 0 |
|  |  | 01/2026  | 59773847 | 59773847 | $ | $382188 | 382188 |  | 307 | 307 |  | 0 |
|  |  | 01/2026  | 70871795 | 70871795 |  | 48442 | 48442 |  | 0 | 0 |  | (711) |
|  |  | 01/2026  | 22024 | 22024 |  | 6475 | 6475 |  | 0 | 0 |  | (73) |
|  |  | 01/2026  | 606358 | 606358 |  | 468044 | 468044 |  | 0 | 0 |  | (3978) |
|  |  | 01/2026  | $8546 | 8546 | RON | 37142 | 37142 |  | 18 | 18 |  | 0 |
|  |  | 02/2026  | 8012 | 8012 |  | 41118 | 41118 |  | 43 | 43 |  | 0 |
|  |  | 02/2026  | $3291 | 3291 | EGP | 161772 | 161772 |  | 46 | 46 |  | 0 |
|  |  | 02/2026  | 7080 | 7080 | MXN | 131005 | 131005 |  | 160 | 160 |  | 0 |
|  |  | 03/2026  | 7538 | 7538 | $ | $402 | 402 |  | 0 | 0 |  | (13) |
|  |  | 03/2026  | 64301 | 64301 |  | 18636 | 18636 |  | 0 | 0 |  | (443) |
|  |  | 03/2026  | $2432 | 2432 | CLP | 2356842 | 2356842 |  | 188 | 188 |  | 0 |
|  |  | 03/2026  | 22899 | 22899 | MXN | 429130 | 429130 |  | 763 | 763 |  | 0 |
|  |  | 04/2026  | 87115 | 87115 | $ | $24964 | 24964 |  | 0 | 0 |  | (862) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 875 | 875 |  | 1030 | 1030 |  | 1 | 1 |  | 0 |
|  |  | 01/2026  | 13690000 | 13690000 |  | 91427 | 91427 |  | 4029 | 4029 |  | 0 |
|  |  | 02/2026  | $8434 | 8434 | BRL | 46643 | 46643 |  | 14 | 14 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 18161 | 18161 | $ | $22691 | 22691 |  | 0 | 0 |  | (257) |
|  |  | 01/2026  | 37554 | 37554 |  | 10292 | 10292 |  | 0 | 0 |  | (168) |
|  |  | 01/2026  | $2902 | 2902 | NZD | 5006 | 5006 |  | 0 | 0 |  | (19) |
|  |  | 01/2026  | 27168 | 27168 | PLN | 98450 | 98450 |  | 256 | 256 |  | (3) |
|  |  | 01/2026  | 874655 | 874655 | $ | $50292 | 50292 |  | 0 | 0 |  | (2449) |
|  |  | 02/2026  | $14591 | 14591 | MXN | 270337 | 270337 |  | 347 | 347 |  | 0 |
|  |  | 03/2026  | 7614 | 7614 |  | 140982 | 140982 |  | 160 | 160 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**56962** | **56962** | **$** | $**(206540)** | **(206540)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost |  | Market<br>Value |
| BOA | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 15897 | 15897 | 15897 | 72 | $ | $96 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | 375.000 | 25902 | 25902 | 25902 | 66 |  | 45 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.400 | 26300 | 26300 | 26300 | 364 |  | 156 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 38786 | 38786 | 38786 | 58 |  | 22 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 32 | 69 | 93 | 94 | 105 | 121 | 125 | 159 | 191 | 234 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/24/2026 | 58714 | 81 | 33 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1417.000 | 1417.000 | 02/11/2026 | 64900 | 402 | 342 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 1419.000 | 02/11/2026 | 64900 | 384 | 366 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 1419.000 | 02/12/2026 | 41581 | 259 | 240 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | 1.315 | 1.315 | 11/05/2026 | 41977 | 300 | 143 |
| BPS | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  |  |  | 1.315 | 1.315 | 11/05/2026 | 205 | 1 | 1 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 9285 | 12 | 5 |
| JPM | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 24.200 | 03/05/2026 | 44503 | 177 | 258 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | 378.000 | 378.000 | 03/03/2026 | 20230 | 101 | 60 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  |  |  | 376.000 | 376.000 | 03/06/2026 | 23987 | 62 | 51 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 34122 | 45 | 19 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/24/2026 | 17560 | 26 | 10 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 24.200 | 02/10/2026 | 17017 | 73 | 85 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 24.100 | 24.100 | 03/13/2026 | 40056 | 164 | 158 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 23.900 | 23.900 | 06/02/2026 | 28386 | 115 | 90 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.410 | 5.410 | 02/04/2026 | 54300 | 827 | 356 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**3589** | $**2536** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.160 | 5.160 | 02/05/2026 | 26300 | $(55) | $(9) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  | 5.690 | 5.690 | 02/05/2026 | 26300 | (309) | (204) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 38786 | (21) | (13) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 58714 | (27) | (19) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1380.000 | 1380.000 | 02/11/2026 | 64900 | (122) | (91) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1382.000 | 1382.000 | 02/11/2026 | 64900 | (123) | (98) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1383.000 | 1383.000 | 02/12/2026 | 41581 | (87) | (67) |
|  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | 1.237 | 1.237 | 11/05/2026 | 41977 | (300) | (352) |
| BPS | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  |  |  | 1.237 | 1.237 | 11/05/2026 | 205 | (2) | (2) |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 9285 | (4) | (3) |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/14/2026 | 34122 | (15) | (11) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 17560 | (9) | (6) |
| MYI | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.160 | 5.160 | 02/04/2026 | 54300 | (140) | (18) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  | 5.700 | 5.700 | 02/04/2026 | 54300 | (702) | (386) |
|  |  |  |  |  |  |  |  |  |  | $(1916) | $(1279) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BPS | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.622% | 3.622% | 01/29/2026 | 01/29/2026 | 84200 | $(180) | $(115) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 84200 | (180) | (249) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 19900 | (46) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 | 19900 | (46) | (4) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.578 | 3.578 | 01/12/2026 | 01/12/2026 | 20000 | (44) | (2) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.878 | 3.878 | 01/12/2026 | 01/12/2026 | 20000 | (44) | (20) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 22500 | (57) | (2) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 22500 | (57) | (5) |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 17600 | (41) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 17600 | (40) | (26) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 59900 | (142) | (19) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 59900 | (142) | (29) |
|  |  |  |  |  |  |  |  |  |  | $(1019) | $(471) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(2935)** | $**(1750)** |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 7 | 20 | 34 | 37 | 49 | 53 | 73 | 75 | 88 | 96 | 101 | 115 | 124 | 131 | 139 | 156 | 166 | 183 | 193 | 215 | 221 | 238 | 248 |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> |  |  | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.187% | 0.187% | 0.187% | $ | $ | $22200 | 22200 | $(741) | (741) | $60 | 60 | $0 | 0 | $(681) |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.220 | 0.220 | 0.220 |  |  | 61300 | 61300 | (2263) | (2263) | 52 | 52 | 0 | 0 | (2211) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(3004) | (3004) | $112 | 112 | $0 | 0 | $(2892) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> |  |  | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | 4.750% | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —♦ | —♦ | —♦ | $ | $ | $27549 | 27549 | $0 | 0 | $239 | 239 | $239 | 239 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(6)</sup> |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | EUR | 3500 | $ | 812 | $ | 13 | $ | 825 | $ | 0 |
| BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 16980 |  | 3909 |  | 93 |  | 4002 |  | 0 |
| CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 5000 |  | 1132 |  | 46 |  | 1178 |  | 0 |
| JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 16060 |  | 3690 |  | 95 |  | 3785 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $9543 | 9543 | $247 | 247 | $9790 | 9790 | $0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Pay | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  |  | Notional Amount<br>of Currency<br>Delivered | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) |  | Unrealized<br>Appreciation/(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | $669022 | 669022 | 669022 | JPY | JPY | 100353300 | 100353300 | $ | 8564 | $ | (132) | $ | 8432 | $ | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.442% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 09/16/2031 | 154931 | 154931 | 154931 |  |  | 22750000 | 22750000 |  | 651 |  | 226 |  | 877 |  | 0 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 593871 | 593871 | 593871 |  |  | 92050000 | 92050000 |  | 383 |  | (355) |  | 28 |  | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.323% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 10/22/2045 | 10/22/2045 | 10/22/2045 | 165634 | 165634 | 165634 | GBP | GBP | 123405 | 123405 |  | (154) |  | 407 |  | 253 |  | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 17 | 18 | 20 | 51 | 58 | 73 | 81 | 84 | 86 | 112 | 115 | 129 | 144 | 167 | 184 | 201 | 222 | 239 | 249 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | 09/16/2031 | 09/16/2031 |  |  |  | 15306 | JPY | JPY | 2250000 | 17 |  | 11 | 28 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9461 | $ | 157 | 9618 | $ | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500% | 1.500% | Quarterly | Quarterly | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 2420960 | 2420960 | $(2001) | (2001) | 527 | $0 | 0 | $(1474) |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | Quarterly | Quarterly | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 2775200 | 2775200 | 0 | 0 | (1690) | 0 | 0 | (1690) |
| &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | Quarterly | Quarterly | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 647000 | 647000 | 299 | 299 | (693) | 0 | 0 | (394) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1702) | $ | (1856) | 0 | $ | (3558) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(9)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | iBoxx USD Liquid Investment<br> Grade Index | iBoxx USD Liquid Investment<br> Grade Index | iBoxx USD Liquid Investment<br> Grade Index | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | Maturity | 03/20/2026 | 03/20/2026 | $ | 229500 | 0 | $ | (810) | 0 | $ | (810) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **14298** | **$** | **(1911)** | **19647** | **$** | **(7260)** |
| **(m)** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $319,130 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>♦</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(3)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(5)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(7)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(8)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(9)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 2 | 137 | 217 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $4030 | $4030 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 36287 | 36287 |
| Non-Agency Mortgage-Backed Securities | 0 | 169841 |
| Sovereign Issues | 475482 | 475482 |
| Belgium | Belgium | Belgium |
| Corporate Bonds & Notes | 8264 | 8264 |
| Bermuda | Bermuda | Bermuda |
| Asset-Backed Securities | 24121 | 24121 |
| Brazil | Brazil | Brazil |
| Sovereign Issues | 314930 | 314930 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 48478 | 48478 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 73987 | 73987 |
| Non-Agency Mortgage-Backed Securities | 14652 | 14652 |
| Sovereign Issues | 663301 | 663301 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 283663 | 283663 |
| Corporate Bonds & Notes | 50975 | 58878 |
| Sovereign Issues | 9999 | 9999 |
| Chile | Chile | Chile |
| Sovereign Issues | 14631 | 14631 |
| China | China | China |
| Sovereign Issues | 1419622 | 1419622 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 29825 | 29825 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 428246 | 428246 |
| France | France | France |
| Corporate Bonds & Notes | 120122 | 120122 |
| Sovereign Issues | 649811 | 649811 |
| Germany | Germany | Germany |
| Corporate Bonds & Notes | 25493 | 25493 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 5801 | 5801 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 534372 | 534372 |
| Corporate Bonds & Notes | 3552 | 3552 |
| Loan Participations and Assignments | 0 | 40746 |
| Non-Agency Mortgage-Backed Securities | 15171 | 15171 |
| Israel | Israel | Israel |
| Sovereign Issues | 159440 | 159440 |
| Italy | Italy | Italy |
| Corporate Bonds & Notes | 50116 | 50116 |
| Sovereign Issues | 344400 | 344400 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 99629 | 99629 |
| Sovereign Issues | 709603 | 709603 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Asset-Backed Securities | 60522 | 60522 |
| Corporate Bonds & Notes | 0 | 18984 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 7863 | 7863 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 90881 | 90881 |
| Luxembourg | Luxembourg | Luxembourg |
| Corporate Bonds & Notes | 1506 | 1506 |
| Loan Participations and Assignments | 0 | 13467 |
| Sovereign Issues | 90970 | 90970 |
| Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 9769 | 9769 |
| Sovereign Issues | 248246 | 248246 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 4920 | 4920 |
| Netherlands | Netherlands | Netherlands |
| Asset-Backed Securities | 20231 | 20231 |
| Corporate Bonds & Notes | 15703 | 15703 |
| New Zealand | New Zealand | New Zealand |
| Sovereign Issues | 153 | 153 |
| Nigeria | Nigeria | Nigeria |
| Loan Participations and Assignments | 14181 | 14181 |
| Norway | Norway | Norway |
| Sovereign Issues | 13479 | 13479 |
| Peru | Peru | Peru |
| Sovereign Issues | 211328 | 211328 |
| Poland | Poland | Poland |
| Sovereign Issues | 45878 | 45878 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 13653 | 13653 |
| Republic of Korea | Republic of Korea | Republic of Korea |
| Sovereign Issues | 32876 | 32876 |
| Romania | Romania | Romania |
| Sovereign Issues | 200719 | 200719 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 78 | 89 | 120 | 137 | 160 | 175 | 186 | 201 | 219 | 246 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 12433 | 12433 | 0 | 0 |  | 12433 |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 236908 | 236908 | 0 | 0 |  | 236908 |  |
| Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 22803 | 22803 |  | 22803 |  |
| Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore |  |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 0 | 13400 | 13400 |  | 13400 |  |
| Slovakia | Slovakia | Slovakia | Slovakia | Slovakia | Slovakia | Slovakia | Slovakia | Slovakia | Slovakia |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 13579 | 13579 | 0 | 0 |  | 13579 |  |
| South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa | South Africa |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 302702 | 302702 | 0 | 0 |  | 302702 |  |
| South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea | South Korea |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 258091 | 258091 | 0 | 0 |  | 258091 |  |
| Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 752125 | 752125 | 0 | 0 |  | 752125 |  |
| Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 9800 | 9800 | 0 | 0 |  | 9800 |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 110399 | 110399 | 0 | 0 |  | 110399 |  |
| Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 57506 | 57506 | 0 | 0 |  | 57506 |  |
| Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 193551 | 193551 | 0 | 0 |  | 193551 |  |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 66682 | 66682 | 0 | 0 |  | 66682 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 9221 | 9221 | 0 | 0 |  | 9221 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 351010 | 351010 | 0 | 0 |  | 351010 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 7265 | 7265 |  | 7265 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 237089 | 237089 | 0 | 0 |  | 237089 |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 649508 | 649508 | 0 | 0 |  | 649508 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 466455 | 466455 | 24256 | 24256 |  | 490711 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 1105619 | 1105619 | 0 | 0 |  | 1105619 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 24319 | 24319 |  | 24319 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 0 | 22435 | 22435 | 0 | 0 |  | 22435 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 641706 | 641706 | 36758 | 36758 |  | 678464 |  |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 7687055 | 7687055 | 0 | 0 |  | 7687055 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 1155944 | 1155944 | 0 | 0 |  | 1155944 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | 0 | 0 | 93795 | 93795 | 0 | 0 |  | 93795 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 45472 | 45472 | 0 | 0 |  | 45472 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 102735 | 102735 | 0 | 0 |  | 102735 |  |
|  |  | $0 | 0 | $22282701 | 22282701 | $379742 | 379742 | $ | 22662443 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $833101 | 833101 | $0 | 0 | $0 | 0 | $ | 833101 |  |
| Total Investments | Total Investments | $833101 | 833101 | $22282701 | 22282701 | $379742 | 379742 | $ | 23495544 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | $(2202586) | (2202586) | $0 | 0 | $ | (2202586) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 5480 | 5480 | 14978 | 14978 | 0 | 0 |  | 20458 |  |
| Over the counter | Over the counter | 0 | 0 | 78906 | 78906 | 239 | 239 |  | 79145 |  |
|  |  | $5480 | 5480 | $93884 | 93884 | $239 | 239 | $ | 99603 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (6855) | (6855) | (18319) | (18319) | 0 | 0 |  | (25174) |  |
| Over the counter | Over the counter | 0 | 0 | (215550) | (215550) | 0 | 0 |  | (215550) |  |
|  |  | $(6855) | (6855) | $(233869) | (233869) | $0 | 0 | $ | (240724) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(1375) | (1375) | $(139985) | (139985) | $239 | 239 | $ | (141121) |  |
| Totals | Totals | $831726 | 831726 | $19940130 | 19940130 | $379981 | 379981 | $ | 21151837 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia |  |  |  |  |  |  |  |  |  |  |
| Non-Agency Mortgage-Backed Securities | $ | 0 | $ | 3437 | $0 | 0 | $0 | 0 | $169841 | $3437 |
| Cayman Islands |  |  |  |  |  |  |  |  |  |  |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (U.S. Dollar-Hedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 12 | 31 | 42 | 46 | 50 | 85 | 107 | 128 | 186 | 203 | 219 | 242 | 246 |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  | 0 | 7838 |  |  | 0 | 0 | 0 | 65 | 0 | 0 | 7903 |  | 65 |
| Ireland | Ireland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Asset-Backed Securities | Asset-Backed Securities |  | 32226 | 0 |  |  | (2731) | 0 | 179 | 2585 | (32259) | (32259) | 0 |  | 0 |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 37338 | 0 |  |  | 0 | 31 | 0 | 3377 | 0 | 0 | 40746 |  | 3377 |
| Jersey, Channel Islands | Jersey, Channel Islands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  | 0 | 19000 |  |  | 0 | 0 | 0 | (16) | 0 | 0 | 18984 |  | (17) |
| Luxembourg | Luxembourg |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 0 | 13228 |  |  | 0 | 4 | 0 | 235 | 0 | 0 | 13467 |  | 235 |
| Serbia | Serbia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments<sup>(3)</sup> | Loan Participations and Assignments<sup>(3)</sup> |  | 49785 | 0 |  |  | (32334) | 10 | 4654 | 688 | 0 | 0 | 22803 |  | 1616 |
| Singapore | Singapore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Asset-Backed Securities | Asset-Backed Securities |  | 0 | 13400 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 13400 |  | 0 |
| United Kingdom | United Kingdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 3372 | 3600 |  |  | 0 | 0 | 0 | 293 | 0 | 0 | 7265 |  | 293 |
| United States | United States |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Asset-Backed Securities | Asset-Backed Securities |  | 68994 | 5277 |  |  | (51200) | 9 | (129) | 1305 | 0 | 0 | 24256 |  | 1350 |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 12801 | 11912 |  |  | (401) | 0 | 0 | 7 | 0 | 0 | 24319 |  | 7 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities |  | 37238 | 0 |  |  | (1537) | 49 | 76 | 932 | 0 | 0 | 36758 |  | 939 |
|  |  | $241754 | 241754 | 240659 | $ | $ | $(88203) | $103 | $4780 | $12908 | $(32259) | (32259) | 379742 | $ | 11302 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | $431 | 431 | 0 | $ | $ | $(123) | $0 | $0 | $(69) | $0 | 0 | 239 | $ | (70) |
| Totals | Totals | $242185 | 242185 | 240659 | $ | $ | $(88326) | $103 | $4780 | $12839 | $(32259) | (32259) | 379981 | $ | 11232 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $169841 | 169841 | 169841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | —  | —  |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 7903 | 7903 | 7903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.429  | 5.429  | —  | —  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 40746 | 40746 | 40746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939  | 3.939  | —  | —  |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 18984 | 18984 | 18984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.690  | 4.690  | —  | —  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 13467 | 13467 | 13467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.310 - 4.455  | 4.310 - 4.455  | 4.382  | 4.382  |
| Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia | Serbia |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 22803 | 22803 | 22803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.843  | 3.843  | —  | —  |
| Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore | Singapore |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 13400 | 13400 | 13400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000  | 100.000  | —  | —  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 7265 | 7265 | 7265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.940 - 6.670  | 3.940 - 6.670  | 5.293  | 5.293  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 24256 | 24256 | 24256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.410 - 25.000  | 6.410 - 25.000  | 7.034  | 7.034  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 16328 | 16328 | 16328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.990 - 5.690  | 3.990 - 5.690  | 5.300  | 5.300  |
|  |  |  |  | 7991 | 7991 | 7991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | —  | —  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 36758 | 36758 | 36758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.230 - 7.132  | 5.230 - 7.132  | 5.695  | 5.695  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | Over the counter | 239 | 239 | 239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497 | 0.497 | —  | —  |
| Total | Total | Total | Total | $379981 | 379981 | 379981 |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. | Security country updated from Luxembourg to Serbia since prior fiscal year end. |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 124.1% ¤** |  |  |
| **ARGENTINA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $472 | $403 |
| 1.000% due 07/09/2029  | 12 | 11 |
| 3.500% due 07/09/2041 þ  | 100 | 69 |
| Total Argentina (Cost $404) |  | 483 |
| **AUSTRALIA 4.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Commonwealth Bank of Australia** <br>4.971% due 01/22/2030 | $5900 | 6133 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.0%**  |  |  |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 16400 | 10945 |
| **SOVEREIGN ISSUES 2.5%**  |  |  |
| **Australia Government Bonds**  |  |  |
| 1.750% due 06/21/2051  | 1000 | 341 |
| 2.500% due 05/21/2030  | 1100 | 684 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 5800 | 3001 |
| 2.000% due 03/08/2033  | 4600 | 2525 |
| 2.500% due 11/22/2032  | 8400 | 4829 |
| **Queensland Treasury Corp.**  |  |  |
| 1.500% due 08/20/2032  | 4900 | 2641 |
| 1.750% due 07/20/2034  | 2000 | 1017 |
| 2.000% due 08/22/2033  | 2900 | 1560 |
| 5.250% due 07/21/2036  | 5700 | 3746 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 09/17/2035  | 4700 | 2336 |
| 2.250% due 09/15/2033  | 6700 | 3659 |
| 4.250% due 12/20/2032  | 1500 | 959 |
|  |  | 27298 |
| Total Australia (Cost $43,956) |  | 44376 |
| **BELGIUM 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Warehouses De Pauw CVA** <br>3.125% due 01/15/2031 | 1700 | 1970 |
| Total Belgium (Cost $1,972) |  | 1970 |
| **BERMUDA 0.3%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **Trinitas CLO XX Ltd.** <br>4.924% due 07/20/2035 •  | $1300 | 1297 |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Aircastle Ltd./Aircastle Ireland DAC** <br>5.000% due 09/15/2030 | 2300 | 2325 |
| Total Bermuda (Cost $3,585) |  | 3622 |
| **BRAZIL 1.1%**  |  |  |
| **SOVEREIGN ISSUES 1.1%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | 70900 | 12516 |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Brazil (Cost $12,716) |  | 12516 |
| **BULGARIA 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.375% due 07/18/2035  | 2300 | 2657 |
| 4.125% due 07/18/2045  | 1400 | 1582 |
| Total Bulgaria (Cost $4,238) |  | 4239 |
| **CANADA 3.8%**  |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **Bank of Nova Scotia** <br>0.010% due 09/14/2029 | 1900 | 2027 |
| **Canadian Imperial Bank of Commerce** <br>4.876% due 01/14/2030 | $4500 | 4660 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 900 | 1051 |
| **Royal Bank of Canada**  |  |  |
| 4.498% due 08/06/2029 •  | $2100 | 2121 |
| 4.696% due 08/06/2031 •  | 2300 | 2331 |
|  |  | 12190 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%**  |  |  |
| **Real Estate Asset Liquidity Trust**  |  |  |
| 2.381% due 02/12/2055 ~  | 167 | 121 |
| 2.867% due 02/12/2055 ~  | 2400 | 1685 |
|  |  | 1806 |
| **SOVEREIGN ISSUES 2.5%**  |  |  |
| **Canada Government Bonds** <br>2.750% due 03/01/2030 | 100 | 72 |
| **Canada Government Real Return Bonds** <br>1.500% due 12/01/2044 (f) | 1573 | 1090 |
| **Export Development Canada** <br>7.130% due 03/11/2029 | 123600 | 1388 |
| **Province of British Columbia** <br>4.150% due 06/18/2034 | 4300 | 3236 |
| **Province of Ontario** <br>3.650% due 06/02/2033 | 13500 | 9922 |
| **Province of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 10500 | 7647 |
| 4.450% due 09/01/2034  | 2000 | 1531 |
| **PSP Capital, Inc.** <br>4.500% due 09/05/2031 | 3500 | 2285 |
|  |  | 27171 |
| Total Canada (Cost $40,725) |  | 41167 |
| **CAYMAN ISLANDS 2.7%**  |  |  |
| **ASSET-BACKED SECURITIES 2.2%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | $1535 | 1544 |
| **KKR CLO 41 Ltd.** <br>5.235% due 04/15/2035 •  | 2100 | 2102 |
| **LoanCore Issuer Ltd.** <br>5.493% due 01/17/2037 •  | 1070 | 1071 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | 2250 | 2250 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  | 2600 | 2601 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 1800 | 1811 |
| **Starwood Ltd.**  |  |  |
| 5.049% due 04/18/2038 •  | 1550 | 1552 |
| 5.334% due 11/15/2038 •  | 1305 | 1308 |
| **Symphony CLO XXIX Ltd.** <br>5.433% due 10/15/2035 •  | 2300 | 2300 |
| **TCI-Symphony CLO Ltd.** <br>5.193% due 10/13/2032 •  | 1288 | 1289 |
| **Trinitas CLO XVII Ltd.** <br>5.034% due 10/20/2034 •  | 3100 | 3101 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 2310 | 2306 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Venture 36 CLO Ltd.** <br>5.276% due 04/20/2032 •  | 1317 | 1318 |
|  |  | 24553 |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | 503 | 488 |
| 4.950% due 10/15/2032  | 1300 | 1288 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1000 | 1180 |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 | $1500 | 1530 |
|  |  | 4486 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **KSA Sukuk Ltd.** <br>5.268% due 10/25/2028 | 800 | 825 |
| Total Cayman Islands (Cost $29,783) |  | 29864 |
| **CHILE 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Chile Government International Bonds** <br>4.850% due 01/22/2029 | $800 | 819 |
| Total Chile (Cost $800) |  | 819 |
| **CHINA 8.9%**  |  |  |
| **SOVEREIGN ISSUES 8.9%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 189660 | 28423 |
| 2.820% due 05/22/2033  | 191170 | 28985 |
| **China Government Bonds**  |  |  |
| 1.650% due 05/15/2035  | 158200 | 22246 |
| 1.920% due 01/15/2055  | 70800 | 9356 |
| 3.530% due 10/18/2051  | 47500 | 8352 |
| Total China (Cost $96,114) |  | 97362 |
| **COSTA RICA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 1750 | 2109 |
| Total Costa Rica (Cost $2,037) |  | 2109 |
| **DENMARK 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Jyske Realkredit AS**  |  |  |
| 1.000% due 10/01/2050  | 36 | 4 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 2228 | 286 |
| **Nykredit Realkredit AS**  |  |  |
| 1.500% due 10/01/2053  | 5189 | 657 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 4007 | 508 |
| Total Denmark (Cost $1,752) |  | 1455 |
| **FRANCE 2.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Banque Federative du Credit Mutuel SA** <br>5.088% due 01/23/2027 | $900 | 910 |
| **BPCE SA** <br>5.716% due 01/18/2030 •  | 2400 | 2485 |
|  |  | 3395 |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **French Republic Government Bonds OAT**  |  |  |
| 0.750% due 02/25/2028  | 4200 | 4776 |
| 2.750% due 10/25/2027  | 4200 | 4980 |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.750% due 02/25/2030  | 13900 | 16379 |
|  |  | 26135 |
| Total France (Cost $26,735) |  | 29530 |
| **HUNGARY 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Hungary Government International Bonds** <br>6.000% due 09/26/2035 | $400 | 417 |
| Total Hungary (Cost $394) |  | 417 |
| **IRELAND 3.7%**  |  |  |
| **ASSET-BACKED SECURITIES 3.7%**  |  |  |
| **Arcano Euro CLO II DAC** <br>0.000% due 07/25/2039 •  | 2900 | 3411 |
| **ARES European CLO XIV DAC** <br>3.040% due 10/21/2034 •  | 1448 | 1703 |
| **Barings Euro CLO DAC** <br>0.000% due 08/15/2039 •(b) | 700 | 823 |
| **BlackRock European CLO III DAC** <br>2.884% due 07/19/2035 •  | 1300 | 1525 |
| **Cairn CLO X DAC** <br>2.789% due 10/15/2031 •  | 742 | 873 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 2300 | 2706 |
| **CVC Cordatus Loan Fund XXX DAC** <br>3.297% due 05/15/2037 •  | 2300 | 2705 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.904% due 08/15/2033 •  | 1001 | 1175 |
| **Dryden 27 R Euro CLO DAC** <br>2.686% due 04/15/2033 •  | 933 | 1097 |
| **Dryden Euro CLO** <br>3.342% due 10/18/2039 •  | 3400 | 3999 |
| **Grosvenor Place CLO DAC**  |  |  |
| 3.249% due 01/15/2039 •  | 1800 | 2117 |
| 3.383% due 08/15/2039 •  | 800 | 940 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 2300 | 2703 |
| **Jubilee CLO DAC** <br>2.659% due 04/15/2031 •  | 893 | 1049 |
| **OCP Euro CLO DAC** <br>3.300% due 10/20/2039 •  | 4000 | 4705 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 2.859% due 10/15/2034 •  | 1264 | 1487 |
| 3.047% due 07/15/2035 •  | 1600 | 1880 |
| **Sculptor European CLO VI DAC** <br>3.059% due 10/15/2034 •  | 1900 | 2235 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 2600 | 3058 |
| Total Ireland (Cost $39,104) |  | 40191 |
| **ISRAEL 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 4.500% due 01/17/2033  | $600 | 590 |
| 5.375% due 03/12/2029  | 1300 | 1340 |
| 5.375% due 02/19/2030  | 2400 | 2485 |
| 5.500% due 03/12/2034 (h)  | 1300 | 1348 |
| 5.625% due 02/19/2035  | 300 | 314 |
| 5.750% due 03/12/2054  | 1300 | 1253 |
| Total Israel (Cost $7,110) |  | 7330 |
| **ITALY 2.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Banca Monte dei Paschi di Siena SpA** <br>0.875% due 10/08/2027 | 1800 | 2096 |
| **Intesa Sanpaolo SpA** <br>8.248% due 11/21/2033 •  | $1000 | 1181 |
|  |  | 3277 |
| **SOVEREIGN ISSUES 2.6%**  |  |  |
| **Cassa Depositi e Prestiti SpA**  |  |  |
| 4.375% due 10/01/2030  | 2500 | 2513 |
| 5.750% due 05/05/2026  | 1400 | 1408 |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 2.100% due 08/26/2027  | 16000 | 18779 |
| 2.700% due 10/15/2027  | 3800 | 4502 |
| 3.600% due 10/01/2035  | 1100 | 1305 |
|  |  | 28507 |
| Total Italy (Cost $31,622) |  | 31784 |
| **JAPAN 4.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.** <br>5.159% due 04/24/2031 •  | $1600 | 1649 |
| **Nomura Holdings, Inc.** <br>2.329% due 01/22/2027 | 1000 | 983 |
| **NTT Finance Corp.** <br>5.171% due 07/16/2032 | 2200 | 2258 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.246% due 07/08/2036 •  | 2300 | 2357 |
|  |  | 7247 |
| **SOVEREIGN ISSUES 3.8%**  |  |  |
| **Development Bank of Japan, Inc.** <br>4.000% due 08/28/2027 | 1800 | 1807 |
| **Japan Government CPI-Linked Bonds** <br>0.100% due 03/10/2028 (f) | 1504882 | 9775 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 320000 | 1977 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 588000 | 2733 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.500% due 09/20/2046  | 74000 | 292 |
| 0.500% due 03/20/2049  | 404200 | 1458 |
| 0.700% due 12/20/2050  | 250000 | 893 |
| 0.700% due 03/20/2051  | 250000 | 883 |
| 0.700% due 06/20/2051  | 200000 | 700 |
| 1.000% due 03/20/2052  | 500000 | 1880 |
| 2.300% due 12/20/2054  | 872150 | 4472 |
| 2.800% due 06/20/2055  | 150000 | 857 |
| 3.200% due 09/20/2055  | 240000 | 1486 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 06/20/2040  | 850000 | 4022 |
| 2.000% due 12/20/2044  | 470000 | 2611 |
| 2.400% due 03/20/2045  | 738000 | 4362 |
| 2.500% due 06/20/2045  | 190000 | 1138 |
|  |  | 41346 |
| Total Japan (Cost $61,262) |  | 48593 |
| **JERSEY, CHANNEL ISLANDS 0.2%**  |  |  |
| **ASSET-BACKED SECURITIES 0.2%**  |  |  |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | $1900 | 1900 |
| Total Jersey, Channel Islands (Cost $1,900) |  | 1900 |
| **KAZAKHSTAN 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 268000 | 549 |
| Total Kazakhstan (Cost $495) |  | 549 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $2600 | 2607 |
| 4.136% due 10/09/2030  | 1300 | 1302 |
| 4.652% due 10/09/2035  | 1900 | 1902 |
| Total Kuwait (Cost $5,800) |  | 5811 |
| **LUXEMBOURG 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $5300 | 5405 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Luxembourg (Cost $5,288) |  | 5405 |
| **MALAYSIA 1.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 3.404% due 04/28/2061  | $800 | 544 |
| 4.550% due 04/21/2050  | 400 | 353 |
| 4.800% due 04/21/2060  | 400 | 362 |
|  |  | 1259 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Malaysia Government Bonds**  |  |  |
| 2.632% due 04/15/2031  | 3700 | 883 |
| 3.519% due 04/20/2028  | 47830 | 11931 |
| 4.762% due 04/07/2037  | 1700 | 460 |
|  |  | 13274 |
| Total Malaysia (Cost $13,036) |  | 14533 |
| **MEXICO 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Mexico Government International Bonds** <br>5.000% due 04/27/2051 | $600 | 484 |
| Total Mexico (Cost $559) |  | 484 |
| **NETHERLANDS 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **ING Groep NV** <br>5.525% due 03/25/2036 •  | $800 | 831 |
| Total Netherlands (Cost $800) |  | 831 |
| **NEW ZEALAND 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Bank of New Zealand** <br>3.708% due 12/20/2028 | 3000 | 3642 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **New Zealand Government Bonds** <br>1.500% due 05/15/2031 | 1000 | 510 |
| Total New Zealand (Cost $4,047) |  | 4152 |
| **NORWAY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Kommunalbanken AS** <br>1.900% due 01/19/2027 | 2200 | 1433 |
| Total Norway (Cost $1,603) |  | 1433 |
| **PERU 1.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Credicorp Capital Sociedad Titulizadora SA** <br>10.100% due 12/15/2043 | 2800 | 906 |
| **SOVEREIGN ISSUES 1.1%**  |  |  |
| **Peru Government International Bonds**  |  |  |
| 2.780% due 12/01/2060  | $1000 | 545 |
| 5.400% due 08/12/2034  | 5700 | 1692 |
| 6.150% due 08/12/2032  | 16200 | 5201 |
| 6.900% due 08/12/2037  | 6600 | 2056 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.950% due 08/12/2031  | 8961 | 2964 |
|  |  | 12458 |
| Total Peru (Cost $12,479) |  | 13364 |
| **POLAND 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.625% due 03/18/2029  | $1600 | 1635 |
| 4.875% due 02/12/2030  | 500 | 515 |
| 5.375% due 02/12/2035  | 1300 | 1351 |
| Total Poland (Cost $3,404) |  | 3501 |
| **QATAR 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **QatarEnergy** <br>2.250% due 07/12/2031 | $600 | 541 |
| Total Qatar (Cost $596) |  | 541 |
| **REPUBLIC OF KOREA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Korea Gas Corp.** <br>3.500% due 10/21/2029 | $2000 | 1920 |
| Total Republic of Korea (Cost $1,936) |  | 1920 |
| **ROMANIA 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 2.000% due 01/28/2032  | 600 | 603 |
| 2.000% due 04/14/2033  | 100 | 96 |
| 2.124% due 07/16/2031  | 200 | 206 |
| 2.625% due 12/02/2040  | 800 | 620 |
| 2.875% due 04/13/2042  | 1200 | 932 |
| 3.750% due 02/07/2034  | 1200 | 1272 |
| 5.000% due 09/27/2026  | 73 | 87 |
| 5.125% due 09/24/2031  | 1800 | 2166 |
| 5.250% due 03/10/2030  | 600 | 738 |
| 5.250% due 05/30/2032  | 700 | 842 |
| 5.625% due 05/30/2037  | 700 | 802 |
| 6.250% due 09/10/2034  | 200 | 247 |
| 6.500% due 10/07/2045  | 300 | 351 |
| Total Romania (Cost $9,438) |  | 8962 |
| **SAUDI ARABIA 1.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 2.250% due 11/24/2030  | $800 | 724 |
| 6.375% due 06/02/2055  | 800 | 837 |
|  |  | 1561 |
| **SOVEREIGN ISSUES 1.6%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.375% due 03/05/2032  | 1200 | 1418 |
| 3.750% due 03/05/2037  | 300 | 347 |
| 4.750% due 01/18/2028  | $2700 | 2738 |
| 4.750% due 01/16/2030  | 6600 | 6743 |
| 4.875% due 07/18/2033  | 400 | 407 |
| 5.000% due 01/16/2034  | 1200 | 1229 |
| 5.125% due 01/13/2028  | 1700 | 1738 |
| 5.375% due 01/13/2031  | 1000 | 1049 |
| 5.625% due 01/13/2035  | 2200 | 2336 |
|  |  | 18005 |
| Total Saudi Arabia (Cost $18,986) |  | 19566 |
| **SERBIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 1.000% due 09/23/2028  | 1100 | 1208 |
| 2.050% due 09/23/2036  | 900 | 825 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Serbia (Cost $2,318) |  | 2033 |
| **SOUTH AFRICA 1.6%**  |  |  |
| **SOVEREIGN ISSUES 1.6%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 12800 | 661 |
| 8.000% due 01/31/2030  | 38000 | 2347 |
| 8.750% due 02/28/2048  | 13600 | 792 |
| 8.875% due 02/28/2035  | 217000 | 13675 |
| Total South Africa (Cost $15,375) |  | 17475 |
| **SOUTH KOREA 1.4%**  |  |  |
| **SOVEREIGN ISSUES 1.4%**  |  |  |
| **Korea National Oil Corp.** <br>4.250% due 09/30/2029 | $2000 | 2012 |
| **Korea Treasury Bonds**  |  |  |
| 1.375% due 06/10/2030  | 77760 | 50 |
| 2.375% due 12/10/2028  | 227450 | 155 |
| 2.625% due 06/10/2028  | 18630300 | 12824 |
| Total South Korea (Cost $16,549) |  | 15041 |
| **SPAIN 3.8%**  |  |  |
| **SOVEREIGN ISSUES 3.8%**  |  |  |
| **Autonomous Community of Catalonia** <br>4.220% due 04/26/2035 | 500 | 604 |
| **Spain Government Bonds**  |  |  |
| 0.000% due 01/31/2028  | 5500 | 6182 |
| 2.400% due 05/31/2028  | 3800 | 4480 |
| 2.700% due 01/31/2030  | 3000 | 3546 |
| 3.150% due 04/30/2035  | 10392 | 12128 |
| 3.200% due 10/31/2035  | 5500 | 6419 |
| 3.450% due 10/31/2034  | 7270 | 8717 |
| Total Spain (Cost $40,361) |  | 42076 |
| **SUPRANATIONAL 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Inter-American Development Bank** <br>2.500% due 04/14/2027 | 1800 | 1176 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **European Union**  |  |  |
| 3.375% due 12/12/2035  | 1000 | 1193 |
| 3.750% due 10/12/2045  | 5500 | 6378 |
|  |  | 7571 |
| Total Supranational (Cost $8,909) |  | 8747 |
| **SWITZERLAND 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | $1100 | 1022 |
| 3.869% due 01/12/2029 •  | 400 | 398 |
| 4.844% due 11/06/2033 •  | 1000 | 1001 |
| 5.617% due 09/13/2030 •  | 1500 | 1567 |
| Total Switzerland (Cost $3,840) |  | 3988 |
| **THAILAND 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 2.410% due 03/17/2035  | 20670 | 701 |
| 2.500% due 11/17/2029  | 185290 | 6166 |
| 3.775% due 06/25/2032  | 55960 | 2040 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Thailand (Cost $7,903) |  | 8907 |
| **UNITED ARAB EMIRATES 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 4.375% due 10/02/2031  | $2400 | 2391 |
| 4.500% due 05/06/2030  | 200 | 202 |
| 5.000% due 05/06/2035  | 400 | 407 |
| **MDGH GMTN RSC Ltd.** <br>5.500% due 04/28/2033 | 600 | 635 |
| Total United Arab Emirates (Cost $3,576) |  | 3635 |
| **UNITED KINGDOM 6.9%**  |  |  |
| **ASSET-BACKED SECURITIES 0.2%**  |  |  |
| **Together Asset-Backed Securitisation 14 PLC** <br>4.604% due 08/15/2066 ~ | 1832 | 2468 |
| **CORPORATE BONDS & NOTES 2.2%**  |  |  |
| **HSBC Holdings PLC**  |  |  |
| 4.856% due 05/23/2033 •  | 1800 | 2269 |
| 5.597% due 05/17/2028 •  | $500 | 509 |
| 5.887% due 08/14/2027 •  | 900 | 910 |
| **Nationwide Building Society** <br>2.972% due 02/16/2028 •  | 700 | 692 |
| **NatWest Group PLC**  |  |  |
| 5.076% due 01/27/2030 •  | 1600 | 1636 |
| 5.778% due 03/01/2035 •  | 2900 | 3068 |
| **NatWest Markets PLC** <br>4.915% (SOFRRATE + 1.190%) due 03/21/2030 ~ | 2200 | 2225 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 4.795% (SOFRINDX + 1.070%) due 09/22/2029 ~  | 3900 | 3900 |
| 6.534% due 01/10/2029 •  | 2350 | 2456 |
| **Standard Chartered PLC** <br>6.187% due 07/06/2027 •  | 2400 | 2425 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 5.625% due 04/15/2032  | 3100 | 3675 |
| 6.750% due 01/15/2033  | $700 | 695 |
|  |  | 24460 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.3%**  |  |  |
| **Braccan Mortgage Funding PLC** <br>4.696% due 05/17/2067 •  | 2876 | 3886 |
| **Curzon Mortgages PLC** <br>5.109% due 07/28/2049 •  | 1633 | 2203 |
| **EuroMASTR PLC** <br>4.100% due 06/15/2040 •  | 103 | 138 |
| **Eurosail-U.K. PLC** <br>4.851% due 06/13/2045 •  | 225 | 304 |
| **RMAC Securities No. 1 PLC** <br>4.147% due 06/12/2044 •  | $97 | 94 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.856% due 07/20/2053 •  | 1882 | 2539 |
| **Towd Point Mortgage Funding 3 PLC** <br>5.248% due 02/20/2054 •  | 1831 | 2477 |
| **Tower Bridge Funding PLC** <br>4.552% due 12/20/2066 •  | 1925 | 2597 |
|  |  | 14238 |
| **SOVEREIGN ISSUES 3.2%**  |  |  |
| **U.K. Gilts**  |  |  |
| 0.625% due 10/22/2050  | 3500 | 1744 |
| 1.250% due 07/31/2051  | 5700 | 3414 |
| 1.500% due 07/31/2053  | 2400 | 1489 |
| 1.750% due 01/22/2049  | 1900 | 1393 |
| 4.375% due 03/07/2030  | 16600 | 22764 |
| 5.250% due 01/31/2041  | 2500 | 3480 |
| 5.375% due 01/31/2056  | 1000 | 1388 |
|  |  | 35672 |
| Total United Kingdom (Cost $83,349) |  | 76838 |
| **UNITED STATES 63.0%**  |  |  |
| **ASSET-BACKED SECURITIES 0.9%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.146% due 07/25/2036 •  | $2147 | 724 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.716% due 07/25/2034 •  | 12 | 12 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>3.311% due 02/25/2034 •  | 96 | 104 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.646% due 09/25/2046 •  | 286 | 279 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.906% due 07/25/2045 •  | 495 | 352 |
| 3.916% due 05/25/2037 •  | 60 | 41 |
| **Countrywide Asset-Backed Certificates** <br>4.526% due 12/25/2036 •  | 33 | 28 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 5.196% due 05/25/2044 •  | 268 | 280 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>4.226% due 07/25/2037 •  | 87 | 59 |
| **GSAMP Trust**  |  |  |
| 4.106% due 12/25/2046 •  | 967 | 517 |
| 4.326% due 09/25/2036 •  | 1572 | 546 |
| **Home Equity Asset Trust** <br>4.446% due 11/25/2032 •  | 1 | 1 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.006% due 09/25/2037 •  | 102 | 20 |
| 4.086% due 02/25/2037 •  | 33 | 9 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>3.946% due 07/25/2036 •  | 46 | 17 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.196% due 04/25/2037 •  | 913 | 472 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.566% due 04/25/2037 •  | 307 | 82 |
| 6.419% due 09/25/2046 þ  | 1264 | 257 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.066% due 04/25/2037 •  | 975 | 703 |
| 4.716% due 05/25/2035 •  | 1743 | 1539 |
| **People's Choice Home Loan Securities Trust** <br>5.196% due 01/25/2035 •  | 83 | 82 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.156% due 06/25/2047 •  | 1190 | 1126 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.946% due 12/25/2036 •  | 23 | 11 |
| 3.966% due 12/25/2036 •  | 26 | 5 |
| 4.106% due 05/25/2037 •  | 223 | 175 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.290% due 07/15/2053  | 549 | 525 |
| 4.965% due 07/15/2053 •  | 169 | 169 |
| 5.434% due 02/16/2055 •  | 1403 | 1417 |
| **Soundview Home Loan Trust** <br>3.966% due 11/25/2036 •  | 25 | 7 |
| **Terwin Mortgage Trust** <br>4.786% due 11/25/2033 •  | 37 | 34 |
| **Washington Mutual Asset-Backed Certificates Trust** <br>3.851% due 10/25/2036 •  | 35 | 12 |
|  |  | 9605 |
| **CORPORATE BONDS & NOTES 7.4%**  |  |  |
| **American Express Co.** <br>3.433% due 05/20/2032 •  | 1700 | 2010 |
| **Bank of America Corp.**  |  |  |
| 5.511% due 01/24/2036 •  | $3400 | 3547 |
| 5.872% due 09/15/2034 •  | 2700 | 2882 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 10300 | 10891 |
| **Boeing Co.** <br>6.259% due 05/01/2027 | 700 | 718 |
| **Bristol-Myers Squibb Co.** <br>5.200% due 02/22/2034 | 900 | 936 |
| **Brown & Brown, Inc.** <br>6.250% due 06/23/2055 | 700 | 729 |
| **Credit Suisse AG AT1 Claim**  | 700 | 206 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 400 | 360 |
| **F&G Global Funding** <br>5.065% (SOFRRATE + 1.325%) due 09/08/2028 ~ | 2500 | 2516 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.900% due 02/16/2028  | 300 | 289 |
| 4.125% due 08/17/2027  | 1300 | 1290 |
| 4.542% due 08/01/2026  | 600 | 599 |
| **GA Global Funding Trust** <br>2.250% due 01/06/2027 | 900 | 884 |
| **Glencore Funding LLC**  |  |  |
| 5.186% due 04/01/2030  | 800 | 823 |
| 5.371% due 04/04/2029  | 1900 | 1962 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 5.016% due 10/23/2035 •  | 1600 | 1609 |
| 5.207% due 01/28/2031 •  | 1600 | 1654 |
| 5.218% due 04/23/2031 •  | 700 | 723 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.851% due 04/25/2035 •  | 1400 | 1489 |
| 6.484% due 10/24/2029 •  | 2100 | 2228 |
| **HPS Corporate Lending Fund** <br>4.900% due 09/11/2028 | 1400 | 1393 |
| **JPMorgan Chase & Co.**  |  |  |
| 5.336% due 01/23/2035 •  | 2800 | 2903 |
| 6.087% due 10/23/2029 •  | 2600 | 2739 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>5.500% due 08/01/2030 | 1700 | 1741 |
| **Morgan Stanley**  |  |  |
| 3.149% due 11/07/2031 •  | 900 | 1051 |
| 3.749% due 11/07/2036 •  | 800 | 926 |
| 3.955% due 03/21/2035 •  | 3100 | 3698 |
| 4.654% due 10/18/2030 •  | $700 | 709 |
| 5.466% due 01/18/2035 •  | 1200 | 1248 |
| 6.407% due 11/01/2029 •  | 2100 | 2226 |
| **Morgan Stanley Private Bank NA**  |  |  |
| 4.466% due 07/06/2028 •  | 2300 | 2316 |
| 4.734% due 07/18/2031 •  | 2300 | 2332 |
| **Nissan Motor Acceptance Co. LLC** <br>1.850% due 09/16/2026 | 2700 | 2643 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 100 | 97 |
| 4.000% due 12/01/2046  | 200 | 151 |
| 4.200% due 03/01/2029  | 1200 | 1193 |
| 4.250% due 03/15/2046  | 100 | 79 |
| 4.550% due 07/01/2030  | 400 | 398 |
| **PacifiCorp** <br>5.300% due 02/15/2031 | 1000 | 1030 |
| **Philip Morris International, Inc.**  |  |  |
| 3.250% due 06/06/2032  | 1400 | 1628 |
| 5.125% due 02/13/2031  | $800 | 829 |
| **Realty Income Corp.** <br>3.375% due 06/20/2031 | 1700 | 1989 |
| **Wells Fargo & Co.**  |  |  |
| 4.078% due 09/15/2029 •  | $2500 | 2498 |
| 5.150% due 04/23/2031 •  | 2300 | 2375 |
| 5.198% due 01/23/2030 •  | 1900 | 1957 |
| 5.211% due 12/03/2035 •  | 1400 | 1431 |
| 6.303% due 10/23/2029 •  | 1400 | 1480 |
|  |  | 81405 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Avolon TLB Borrower 1 U.S. LLC**<br>5.484% - 9.485% (TSFR1M + 1.750%) due 06/24/2030 ~ | 1533 | 1544 |
| **MUNICIPAL BONDS & NOTES 0.2%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.158% due 06/01/2026 | 1300 | 1289 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 419 | 430 |
|  |  | 1719 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 7.4%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>5.404% due 09/25/2035 ~ | 25 | 22 |
| **American Home Mortgage Assets Trust** <br>4.226% due 09/25/2046 •  | 382 | 370 |
| **Angel Oak Mortgage Trust** <br>4.846% due 07/25/2062 þ | 2477 | 2476 |
| **Banc of America Funding Trust**  |  |  |
| 4.328% due 10/20/2046 ~  | 361 | 303 |
| 4.787% due 01/20/2047 ~  | 38 | 33 |
| 5.500% due 09/25/2035  | 247 | 241 |
| 5.750% due 11/25/2035  | 106 | 104 |
| 5.914% due 11/20/2034 ~  | 149 | 147 |
| 6.000% due 08/25/2036  | 42 | 39 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.066% due 09/25/2035 ~  | 39 | 35 |
| 5.420% due 07/25/2035 ~  | 33 | 28 |
| **BCAP LLC Trust**  |  |  |
| 4.727% due 01/26/2047 •  | 108 | 107 |
| 5.250% due 02/26/2036 ~  | 497 | 188 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.139% due 11/25/2036 ~  | 230 | 97 |
| 4.159% due 08/25/2036 ~  | 775 | 346 |
| 4.474% due 11/25/2036 ~  | 818 | 411 |
| 4.559% due 08/25/2036 ~  | 34 | 21 |
| 4.668% due 11/25/2035 ~  | 19 | 14 |
| **Bear Stearns ARM Trust**  |  |  |
| 3.991% due 11/25/2034 ~  | 366 | 324 |
| 4.000% due 05/25/2034 ~  | 19 | 17 |
| 4.422% due 02/25/2036 ~  | 65 | 60 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.613% due 02/25/2034 ~  | 3 | 3 |
| 5.741% due 10/25/2033 ~  | 11 | 11 |
| 6.504% due 05/25/2033 ~  | 12 | 12 |
| 6.811% due 05/25/2034 ~  | 41 | 40 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 31 | 22 |
| **Bella Vista Mortgage Trust** <br>4.346% due 05/20/2045 •  | 8 | 5 |
| **Chase Home Lending Mortgage Trust** <br>3.250% due 03/25/2063 ~ | 848 | 768 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.927% due 07/25/2037 ~  | 49 | 39 |
| 6.731% due 02/25/2037 ~  | 28 | 28 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.426% due 04/25/2035 •  | 3 | 3 |
| 4.486% due 03/25/2035 •  | 369 | 344 |
| 4.506% due 02/25/2035 •  | 60 | 57 |
| 4.526% due 02/25/2035 •  | 25 | 24 |
| 4.526% due 03/25/2036 •  | 3 | 2 |
| 4.530% due 09/25/2047 ~  | 183 | 165 |
| 4.796% due 11/25/2034 ~  | 9 | 9 |
| 6.224% due 02/20/2036 •  | 49 | 44 |
| **Citicorp Mortgage Securities Trust** <br>6.000% due 04/25/2037 | 25 | 22 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 2.500% due 05/25/2051 ~  | 5332 | 4473 |
| 3.000% due 11/27/2051 ~  | 3415 | 3003 |
| 5.395% due 08/25/2035 ~  | 24 | 23 |
| 5.750% due 09/25/2035 •  | 45 | 46 |
| **Citigroup Mortgage Loan Trust, Inc. Mortgage Pass-Through Certificates** <br>4.561% due 09/25/2035 ~ | 372 | 345 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.166% due 02/25/2047 •  | 140 | 132 |
| 4.186% due 05/25/2047 •  | 131 | 120 |
| 4.196% due 05/25/2037 •  | 328 | 98 |
| 4.246% due 06/25/2036 •  | 186 | 74 |
| 4.246% due 06/25/2037 •  | 429 | 402 |
| 4.266% due 05/25/2035 •  | 297 | 289 |
| 4.266% due 07/25/2046 •  | 377 | 349 |
| 4.268% due 03/20/2046 •  | 24 | 23 |
| 4.366% due 07/25/2046 •  | 675 | 500 |
| 4.406% due 12/25/2035 •  | 18 | 17 |
| 4.408% due 09/20/2046 •  | 1048 | 952 |
| 5.250% due 06/25/2035  | 64 | 48 |
| 5.429% due 08/25/2035 •  | 92 | 89 |
| 5.529% due 11/25/2035 •  | 130 | 118 |
| 6.069% due 11/25/2035 •  | 93 | 86 |
| 6.250% due 08/25/2037  | 296 | 131 |
| 6.500% due 08/25/2032  | 7 | 7 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>6.000% due 12/25/2035 | 107 | 77 |
| **Cross Mortgage Trust** <br>5.036% due 11/25/2070 ~ | 2189 | 2196 |
| **CSMC Trust**  |  |  |
| 2.500% due 07/25/2056 ~  | 541 | 454 |
| 6.500% due 07/26/2036  | 585 | 121 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>5.500% due 12/25/2035 | 169 | 145 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust**  |  |  |
| 3.946% due 10/25/2036 •  | 21 | 17 |
| 6.800% due 07/25/2036 þ  | 142 | 125 |
| **First Horizon Alternative Mortgage Securities Trust** <br>4.572% due 08/25/2035 ~ | 190 | 157 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.206% due 01/25/2037 •  | 341 | 320 |
| 4.246% due 12/25/2046 •  | 463 | 464 |
| 4.266% due 04/25/2036 •  | 155 | 142 |
| 4.386% due 11/25/2045 •  | 19 | 19 |
| **GreenPoint Mortgage Pass-Through Certificates** <br>7.033% due 10/25/2033 ~ | 5 | 5 |
| **GreenPoint MTA Trust** <br>4.286% due 06/25/2045 •  | 52 | 47 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 657 | 550 |
| 2.500% due 04/25/2052 ~  | 793 | 663 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.242% due 05/25/2035 ~  | 55 | 40 |
| 4.366% due 08/25/2046 •  | 461 | 101 |
| 4.951% due 09/25/2035 ~  | 26 | 25 |
| 5.880% due 03/25/2033 •  | 8 | 8 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.226% due 09/19/2037 •  | 325 | 287 |
| 4.326% due 03/19/2036 •  | 48 | 45 |
| 4.406% due 02/19/2036 •  | 196 | 81 |
| 4.466% due 11/19/2035 •  | 139 | 90 |
| 4.546% due 01/19/2035 •  | 12 | 12 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.742% due 07/19/2035 ~  | 30 | 22 |
| **Impac CMB Trust**  |  |  |
| 4.506% due 03/25/2035 •  | 7 | 7 |
| 4.626% due 10/25/2034 •  | 15 | 15 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.197% due 11/25/2035 ~ | 141 | 106 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.662% due 08/25/2035 ~  | 90 | 67 |
| 4.266% due 05/25/2046 •  | 449 | 417 |
| 4.326% due 06/25/2037 •  | 170 | 161 |
| 4.346% due 02/25/2037 •  | 619 | 409 |
| 4.373% due 12/25/2034 ~  | 32 | 30 |
| 4.426% due 11/25/2036 •  | 141 | 137 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.326% due 10/25/2036 •  | 936 | 866 |
| 5.358% due 12/25/2035 ~  | 862 | 583 |
| 5.500% due 11/25/2036 ~  | 8 | 3 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 5569 | 4874 |
| 3.000% due 03/25/2052 ~  | 5070 | 4450 |
| 3.000% due 04/25/2052 ~  | 4603 | 4045 |
| 3.000% due 05/25/2052 ~  | 7083 | 6221 |
| 4.051% due 07/27/2037 ~  | 251 | 236 |
| 4.146% due 10/25/2035 •  | 908 | 625 |
| 5.119% due 02/25/2036 ~  | 155 | 106 |
| 5.191% due 07/25/2035 ~  | 34 | 33 |
| 5.279% due 10/25/2035 ~  | 35 | 34 |
| 5.550% due 08/25/2035 ~  | 2 | 2 |
| 5.869% due 11/25/2033 ~  | 8 | 8 |
| **Lehman XS Trust** <br>4.486% due 11/25/2046 •  | 765 | 602 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 4.056% due 04/25/2046 •  | 77 | 73 |
| 4.526% due 05/25/2047 •  | 1361 | 1152 |
| **MASTR Alternative Loan Trust** <br>4.246% due 03/25/2036 •  | 411 | 35 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.766% due 06/25/2035 ~  | 40 | 39 |
| 5.060% due 06/25/2037 ~  | 57 | 54 |
| 6.041% due 02/25/2033 ~  | 14 | 14 |
| **Merrill Lynch Mortgage-Backed Securities Trust** <br>4.030% due 04/25/2037 ~ | 10 | 9 |
| **MF1 Trust** <br>4.820% due 12/15/2034 •  | 3100 | 3099 |
| **MFA Trust**  |  |  |
| 1.381% due 04/25/2065 ~  | 320 | 315 |
| 1.947% due 04/25/2065 ~  | 123 | 121 |
| 6.105% due 12/25/2068 þ  | 542 | 547 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 1111 | 1079 |
| 2.750% due 11/25/2059 ~  | 996 | 963 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust**  |  |  |
| 0.000% due 02/25/2036 ~  | 5 | 0 |
| 4.343% due 10/25/2035 ~  | 82 | 74 |
| 6.320% due 03/25/2047 þ  | 152 | 144 |
| 6.638% due 03/25/2047 þ  | 130 | 123 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 3232 | 2829 |
| 5.610% due 11/25/2064 ~  | 2820 | 2848 |
| 7.159% due 10/25/2063 þ  | 1153 | 1168 |
| **One New York Plaza Trust** <br>4.815% due 01/15/2036 •  | 3700 | 3630 |
| **RALI Trust**  |  |  |
| 3.996% due 02/25/2047 •  | 764 | 231 |
| 4.099% due 08/25/2035 ~  | 91 | 31 |
| 4.266% due 04/25/2046 •  | 58 | 15 |
| 5.007% due 10/25/2037 ~  | 320 | 255 |
| 6.000% due 06/25/2036  | 285 | 235 |
| 6.000% due 06/25/2037  | 174 | 143 |
| **Residential Asset Securitization Trust** <br>6.500% due 08/25/2036 | 658 | 180 |
| **RFMSI Trust** <br>5.532% due 09/25/2035 ~ | 127 | 79 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.548% due 07/20/2033 •  | 33 | 33 |
| 6.610% due 04/20/2035 ~  | 6 | 6 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.286% due 05/25/2037 •  | 20 | 19 |
| 4.543% due 04/25/2035 ~  | 294 | 265 |
| 5.429% due 01/25/2035 •  | 11 | 10 |
| 5.630% due 10/25/2037 •  | 121 | 112 |
| 6.088% due 04/25/2034 ~  | 3 | 3 |
| 6.298% due 02/25/2034 ~  | 18 | 18 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.226% due 07/25/2046 •  | 358 | 255 |
| 4.266% due 04/25/2036 •  | 45 | 42 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.286% due 09/25/2047 •  | 41 | 37 |
| 4.306% due 05/25/2045 •  | 97 | 93 |
| 4.346% due 07/19/2035 •  | 15 | 15 |
| 4.426% due 07/19/2034 •  | 1 | 1 |
| 4.466% due 12/25/2035 •  | 7 | 6 |
| 5.529% due 08/25/2047 •  | 600 | 519 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.136% due 10/25/2036 •  | 706 | 595 |
| **TBW Mortgage-Backed Trust** <br>6.470% due 09/25/2036 þ | 189 | 5 |
| **Thornburg Mortgage Securities Trust** <br>5.413% due 06/25/2047 •  | 311 | 289 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 1176 | 1082 |
| 2.710% due 01/25/2060 ~  | 772 | 748 |
| 2.900% due 10/25/2059 ~  | 3620 | 3497 |
| 4.846% due 05/25/2058 •  | 378 | 385 |
| **UWM Mortgage Trust** <br>3.000% due 01/25/2052 ~ | 542 | 474 |
| **Verus Securitization Trust**  |  |  |
| 6.259% due 12/25/2068 þ  | 448 | 452 |
| 6.876% due 11/25/2068 ~  | 856 | 869 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.670% due 04/25/2037 ~  | 386 | 349 |
| 3.878% due 12/25/2046 •  | 111 | 100 |
| 3.897% due 12/25/2046 •  | 221 | 204 |
| 3.960% due 03/25/2036 ~  | 435 | 388 |
| 4.104% due 02/25/2037 ~  | 107 | 92 |
| 4.123% due 05/25/2046 •  | 328 | 300 |
| 4.271% due 12/25/2036 ~  | 13 | 12 |
| 4.372% due 02/25/2037 ~  | 153 | 137 |
| 4.406% due 11/25/2045 •  | 90 | 85 |
| 4.426% due 07/25/2045 •  | 168 | 162 |
| 4.426% due 10/25/2045 •  | 24 | 23 |
| 4.466% due 01/25/2045 •  | 19 | 19 |
| 4.486% due 01/25/2045 •  | 23 | 22 |
| 4.586% due 11/25/2034 •  | 172 | 169 |
| 4.697% due 12/25/2035 ~  | 103 | 96 |
| 4.826% due 11/25/2034 •  | 117 | 115 |
| 4.916% due 03/25/2035 ~  | 74 | 74 |
| 5.241% due 08/25/2034 ~  | 73 | 69 |
| 5.429% due 06/25/2042 •  | 11 | 10 |
| 5.429% due 08/25/2042 •  | 10 | 10 |
| 5.529% due 11/25/2046 •  | 75 | 68 |
| 5.731% due 06/25/2033 ~  | 10 | 10 |
| 6.166% due 03/25/2034 ~  | 61 | 62 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.969% due 07/25/2046 •  | 248 | 154 |
| 4.999% due 05/25/2046 •  | 621 | 559 |
| 6.000% due 10/25/2035  | 236 | 190 |
| **Wells Fargo Alternative Loan Trust** <br>5.750% due 07/25/2037 | 42 | 37 |
|  |  | 81387 |
| **U.S. GOVERNMENT AGENCIES 41.7%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 02/01/2051 - 01/01/2052 | 4071 | 3458 |
| 3.000% due 06/01/2051 | 68 | 60 |
| 3.500% due 10/01/2039 | 241 | 232 |
| 5.500% due 06/01/2053 - 08/01/2053 | 3045 | 3095 |
| 6.000% due 06/01/2053 - 09/01/2054 | 646 | 674 |
| 6.301% due 11/01/2035 •  | 14 | 14 |
| 6.430% due 08/01/2035 •  | 2 | 2 |
| 6.500% due 12/01/2053 - 04/01/2055 | 32250 | 33525 |
| 6.521% due 09/01/2035 •  | 2 | 2 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.733% due 01/15/2038 ~(a) | 249 | 13 |
| 4.548% due 12/15/2031 •  | 5 | 5 |
| 4.673% due 01/15/2038 •  | 249 | 246 |
| 4.698% due 12/15/2037 •  | 66 | 66 |
| 4.814% due 11/25/2054 •  | 1865 | 1873 |
| 4.854% due 08/25/2055 •  | 2603 | 2619 |
| 5.274% due 03/25/2055 •  | 2928 | 2955 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.106% due 08/25/2031 •  | 4 | 4 |
| 5.229% due 10/25/2044 •  | 142 | 131 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 02/01/2051 | 64 | 55 |
| 3.000% due 10/01/2049 - 03/01/2060 | 2959 | 2616 |
| 3.500% due 10/01/2034 - 01/01/2059 | 3129 | 2896 |
| 4.000% due 01/01/2048 - 06/01/2050 | 728 | 699 |
| 4.239% due 03/01/2033 •  | 9 | 9 |
| 4.855% due 12/01/2036 •  | 2 | 2 |
| 5.276% due 06/01/2043 •  | 11 | 11 |
| 5.277% due 10/01/2044 •  | 14 | 14 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.500% due 07/01/2053 - 09/01/2053 | 6464 | 6577 |
| 5.756% due 12/01/2034 •  | 3 | 3 |
| 6.000% due 10/01/2053 - 08/01/2054 | 6807 | 7048 |
| 6.123% due 06/01/2035 •  | 1 | 1 |
| 6.290% due 09/01/2035 •  | 3 | 3 |
| 6.346% due 11/01/2034 •  | 83 | 87 |
| 6.500% due 11/01/2053 - 04/01/2055 | 41534 | 43175 |
| **Federal National Mortgage Association Grantor Trust**<br>6.000% due 02/25/2044 | 24 | 24 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.109% due 07/25/2037 •  | 58 | 57 |
| 4.389% due 06/25/2029 - 06/25/2036 •  | 19 | 19 |
| 4.774% due 03/25/2055 •  | 2753 | 2764 |
| 5.034% due 03/25/2055 •  | 1735 | 1743 |
| 6.000% due 04/25/2043 | 36 | 36 |
| **Federal National Mortgage Association REMICS Trust**<br>6.000% due 07/25/2044 | 117 | 122 |
| **Federal National Mortgage Association Trust**<br>6.500% due 06/25/2044 | 2 | 2 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 05/20/2051 - 12/20/2052 | 3719 | 3348 |
| 3.500% due 10/20/2052 - 06/20/2055 | 65478 | 59813 |
| 4.750% due 10/20/2029 •  | 1 | 1 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/20/2046 - 05/20/2047 | 14 | 14 |
| 4.918% due 12/20/2073 •  | 1143 | 1154 |
| 6.000% due 08/20/2034 | 800 | 807 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 02/01/2056 | 3500 | 3019 |
| 3.000% due 01/01/2056 | 18385 | 16523 |
| 6.500% due 02/01/2056 | 25900 | 26747 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 5.000% due 02/01/2056 | 140800 | 140289 |
| 5.500% due 02/01/2056 | 20800 | 21073 |
| 6.000% due 02/01/2056 - 03/01/2056 | 51894 | 53262 |
| 6.500% due 02/01/2056 | 14400 | 14969 |
|  |  | 457956 |
| **U.S. TREASURY OBLIGATIONS 5.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 02/15/2041 (l) | 100 | 70 |
| 2.250% due 08/15/2049 (l) | 2100 | 1318 |
| 2.375% due 11/15/2049 | 175 | 112 |
| 3.000% due 02/15/2048 | 1600 | 1191 |
| 3.000% due 08/15/2048 | 175 | 130 |
| 3.000% due 02/15/2049 | 250 | 184 |
| 3.375% due 11/15/2048 (h) | 3900 | 3087 |
| 4.125% due 08/15/2044 (h) | 3375 | 3098 |
| 4.500% due 11/15/2054 (h) | 14800 | 13964 |
| 4.625% due 02/15/2055 (h) | 8700 | 8383 |
| 4.750% due 05/15/2055 (h) | 600 | 590 |
| 4.875% due 08/15/2045 | 315 | 318 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 2.500% due 01/15/2029 (f)(j) | 3033 | 3131 |
| 3.875% due 04/15/2029 (f)(j) | 2377 | 2561 |
| 0.125% due 07/15/2031 (f)(j) | 3280 | 3040 |
| 0.125% due 01/15/2032 (f)(j) | 822 | 752 |
| 0.500% due 01/15/2028 (f)(j) | 9768 | 9598 |
| 0.625% due 07/15/2032 (f)(j) | 560 | 526 |
| 1.125% due 01/15/2033 (f)(j) | 4372 | 4197 |
| **U.S. Treasury Notes**  |  |  |
| 3.500% due 02/15/2033 (j) | 1400 | 1361 |
| 4.250% due 08/15/2035 (h) | 500 | 504 |
| 4.375% due 05/15/2034 | 600 | 613 |
|  |  | 58728 |
| Total United States (Cost $700,062) |  | 692344 |
| **SHORT-TERM INSTRUMENTS 1.0%**  |  |  |
| **COMMERCIAL PAPER 0.8%**  |  |  |
| **Air Lease Corp.** <br>4.300% due 01/08/2026 | $250 | 250 |
| **ERAC USA Finance LLC** <br>4.200% due 01/12/2026 | 350 | 349 |
| **HCA, Inc.**  |  |  |
| 4.100% due 01/26/2026  | 1450 | 1446 |
| 4.120% due 02/02/2026  | 3050 | 3039 |
| 4.120% due 02/12/2026  | 3050 | 3035 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Jabil, Inc.** <br>4.130% due 01/07/2026 | 650 | 649 |
|  |  | 8768 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (g) | 507369 | 507 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **NIGERIA TREASURY BILLS 0.2%**  |  |  |
| 31.794% due 06/11/2026 - 06/29/2026 (c)(d) | 4114050 | 2591 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.711% due 03/31/2026 (d)(e)(l) | $509 | 505 |
| Total Short-Term Instruments (Cost $12,167) |  | 12371 |
| Total Investments in Securities (Cost $1,379,085) |  | 1364234 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 2.3%**  |  |  |
| **SHORT-TERM INSTRUMENTS 2.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.3%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 2551958 | 24859 |
| Total Short-Term Instruments (Cost $24,856) |  | 24859 |
| Total Investments in Affiliates (Cost $24,856) |  | 24859 |
| Total Investments 126.4% (Cost $1,403,941) |  | $1389093 |
| **Financial Derivative Instruments (i)(k) 0.8**%(Cost or Premiums, net $4,762) |  | 8269 |
| Other Assets and Liabilities, net (27.2)% |  | (298346) |
| Net Assets 100.0% |  | $1099016 |

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------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 75 | 98 | 99 | 120 | 124 | 149 | 167 | 183 | 198 | 211 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BSN | BSN | 3.930%  | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | 01/02/2026 | (21538) | (21538) | $(21573) | (21573) |
| CIB | CIB | 3.930  | 12/17/2025 | 12/17/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 | (8443) | (8443) | (8457) | (8457) |
| MBC | MBC | 3.550  | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (193) | (193) | (194) | (194) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | $**(30224)** | **(30224)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% | United States (11.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (11.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.500% | 3.500% | 02/01/2056 | $ | 20900 | $(18968) | (18968) | $(19021) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2041 |  | 21000 | (19372) | (19372) | (19448) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 02/01/2056 |  | 61950 | (50223) | (50223) | (50080) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 2.500 | 02/01/2056 |  | 8400 | (7108) | (7108) | (7101) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 3.000 | 02/01/2056 |  | 7300 | (6459) | (6459) | (6453) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 3.500 | 02/01/2056 |  | 9800 | (9037) | (9037) | (9030) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 4.000 | 02/01/2056 |  | 20 | (19) | (19) | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 4.500 | 01/01/2056 |  | 1040 | (1011) | (1011) | (1015) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 5.500 | 02/01/2056 |  | 10580 | (10690) | (10690) | (10719) |
| **Total Short Sales (11.2)%** | **Total Short Sales (11.2)%** | **Total Short Sales (11.2)%** | **Total Short Sales (11.2)%** |  |  |  |  |  | $**(122887)** | **(122887)** | $**(122886)** |
| **(h)** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $29,861 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5680) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 67 | 67 | $(11) | (11) | $ | (10) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 17 | 17 | (3) | (3) |  | (5) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 17 | 21 | 24 | 36 | 38 | 56 | 62 | 63 | 75 | 96 | 98 | 125 | 148 | 156 | 164 | 179 | 185 | 195 | 212 |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 84 | 84 | 84 | 84 | (16) | (16) |  | (7) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(30)** | **(30)** | **$** | **(22)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | Australia Government 3-Year Bond March Futures  | 03/2026 | 03/2026 | 26 | 26 | 26 | 1822 | 1822 |  | 0 | 0 | 0 | 1 | 1 | 1 | (1) |
| Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | Canada Government 5-Year Bond March Futures  | 03/2026 | 03/2026 | 144 | 144 | 144 | 11886 | 11886 |  | (72) | (72) | (72) | 0 | 0 | 0 | (21) |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 242 | 242 | 242 | 21318 | 21318 |  | (222) | (222) | (222) | 0 | 0 | 0 | (51) |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 03/2026 | 03/2026 | 554 | 554 | 554 | 78244 | 78244 |  | (319) | (319) | (319) | 0 | 0 | 0 | (234) |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 16 | 16 | 16 | 2071 | 2071 |  | (43) | (43) | (43) | 0 | 0 | 0 | (6) |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 37 | 37 | 37 | 4643 | 4643 |  | (6) | (6) | (6) | 0 | 0 | 0 | (1) |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 534 | 534 | 534 | 65769 | 65769 |  | 578 | 578 | 578 | 115 | 115 | 115 | (50) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 503 | 503 | 503 | 54980 | 54980 |  | 2 | 2 | 2 | 0 | 0 | 0 | (59) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 3 | 3 | 3 | 337 | 337 |  | 0 | 0 | 0 | 0 | 0 | 0 | (1) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 439 | 439 | 439 | 50492 | 50492 |  | (323) | (323) | (323) | 0 | 0 | 0 | (82) |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | (405) | (405) | $ | 116 | 116 | 116 | (506) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 754 | 754 | 754 | (55090) | (55090) |  | (106) | (106) | (106) | 0 | 0 | 0 | (63) |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 296 | 296 | 296 | (40407) | (40407) |  | 311 | 311 | 311 | 28 | 28 | 28 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 175 | 175 | 175 | (26236) | (26236) |  | 328 | 328 | 328 | 47 | 47 | 47 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 194 | 194 | 194 | (27493) | (27493) |  | 255 | 255 | 255 | 66 | 66 | 66 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 32 | 32 | 32 | (27050) | (27050) |  | 179 | 179 | 179 | 59 | 59 | 59 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 64 | 64 | 64 | (7552) | (7552) |  | 138 | 138 | 138 | 24 | 24 | 24 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 1105 | 1105 | $ | 224 | 224 | 224 | (63) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **700** | **700** | **$** | **340** | **340** | **340** | **(569)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 10-Year Index  | (1.000)% | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | $ | $75770 | 75770 | 75770 | (582) | (582) | $ | (77) | (659) | (659) | (659) | 0 | 0 | (1) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 5-Year Index  | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | $ | $68430 | 68430 | 68430 | 1493 | 1493 | $ | 77 | 1570 | 1570 | 1570 | 1 | 1 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 3.000% | 3.000% | Annual | 06/17/2027 | 06/17/2027 | GBP | GBP | 23700 | 23700 | $(121) | (121) | $ | (290) | $(411) | (411) | (411) | $0 | 0 | $0 |
| Receive | 3.500 | 3.500 | Annual | 09/17/2027 | 09/17/2027 |  |  | 18100 | 18100 | 118 | 118 |  | (86) | 32 | 32 | 32 | 0 | 0 | (2) |
| Pay<sup>(5)</sup> | 4.000 | 4.000 | Annual | 03/17/2028 | 03/17/2028 |  |  | 41000 | 41000 | 184 | 184 |  | 374 | 558 | 558 | 558 | 13 | 13 | 0 |
| Pay<sup>(5)</sup> | 3.500 | 3.500 | Annual | 03/18/2028 | 03/18/2028 |  |  | 32300 | 32300 | (28) | (28) |  | 57 | 29 | 29 | 29 | 10 | 10 | 0 |
| Pay | 3.750 | 3.750 | Annual | 09/17/2030 | 09/17/2030 |  |  | 3300 | 3300 | (15) | (15) |  | 33 | 18 | 18 | 18 | 4 | 4 | 0 |
| Pay<sup>(5)</sup> | 3.750 | 3.750 | Annual | 03/18/2031 | 03/18/2031 |  |  | 57800 | 57800 | 110 | 110 |  | 194 | 304 | 304 | 304 | 73 | 73 | 0 |
| Receive<sup>(5)</sup> | 4.000 | 4.000 | Annual | 03/18/2036 | 03/18/2036 |  |  | 31200 | 31200 | (124) | (124) |  | 175 | 51 | 51 | 51 | 0 | 0 | (45) |
| Receive | 4.500 | 4.500 | Annual | 09/17/2055 | 09/17/2055 |  |  | 500 | 500 | 22 | 22 |  | (28) | (6) | (6) | (6) | 0 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 24 | 36 | 63 | 96 | 129 | 156 | 185 | 212 |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 03/18/2056 | 4700 | 56 | (93) | (37) | 0 | (13) |
| Receive<sup>(5)</sup> | 1-Day INR-MIBOR Compounded-OIS | 5.750 | Semi-Annual | 03/18/2031 | 117730 | 0 | 10 | 10 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 03/19/2027 | 4080000 | 6 | (13) | (7) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 09/17/2027 | 700000 | (2) | (20) | (22) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 03/19/2030 | 420000 | (21) | (49) | (70) | 0 | (4) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2030 | 230000 | 5 | (30) | (25) | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 12/17/2030 | 320000 | 3 | (27) | (24) | 0 | (3) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 5.890 | Semi-Annual | 03/17/2031 | 1260000 | (374) | (275) | (649) | 0 | (13) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.050 | Annual | 12/15/2031 | 409300 | (122) | (105) | (227) | 0 | (5) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/19/2032 | 2160000 | (53) | (378) | (431) | 0 | (25) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/18/2034 | 3557300 | (64) | (1339) | (1403) | 0 | (49) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/19/2035 | 1620000 | (173) | (505) | (678) | 0 | (22) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2035 | 480000 | 28 | (172) | (144) | 0 | (7) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 | 5629600 | (290) | (1575) | (1865) | 0 | (76) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/17/2035 | 340000 | (5) | (68) | (73) | 0 | (5) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | Semi-Annual | 06/19/2039 | 1050000 | 717 | 711 | 1428 | 16 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/19/2044 | 1170000 | (552) | (1087) | (1639) | 0 | (14) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/18/2055 | 321800 | 30 | (364) | (334) | 0 | (7) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.250 | Annual | 09/17/2055 | 430000 | (114) | (203) | (317) | 0 | (10) |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.250 | Semi-Annual | 03/18/2027 | 71600 | 81 | 5 | 86 | 0 | (23) |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | Semi-Annual | 03/18/2031 | 37210 | 515 | 116 | 631 | 0 | (82) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | $8000 | 0 | (8) | (8) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 08/22/2026 | 10200 | 0 | (16) | (16) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.965 | Annual | 11/30/2026 | 40500 | 872 | (655) | 217 | 9 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 7000 | (1) | 21 | 20 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2027 | 36740 | 721 | (168) | 553 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2027 | 15800 | 52 | 57 | 109 | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 5100 | 24 | 7 | 31 | 0 | (2) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 15880 | (78) | 7 | (71) | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.638 | Annual | 05/31/2028 | 1500 | (6) | 1 | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 2100 | (11) | 2 | (9) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | 05/31/2028 | 800 | 0 | (7) | (7) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.851 | Annual | 02/28/2029 | 7000 | 0 | (78) | (78) | 7 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 24 | 36 | 63 | 96 | 129 | 156 | 185 | 212 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | 02/28/2029 | 5600 | 0 | (64) | (64) | 6 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 34678 | 6 | 142 | 148 | 50 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 45795 | 45 | 0 | 45 | 65 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 13100 | (237) | 62 | (175) | 21 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 15890 | (59) | 32 | (27) | 26 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.335 | Annual | 05/15/2032 | 4900 | 76 | 15 | 91 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 6722 | (7) | (60) | (67) | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.828 | Annual | 05/15/2032 | 5300 | (105) | 38 | (67) | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.836 | Annual | 05/15/2034 | 1700 | 0 | (13) | (13) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.847 | Annual | 05/15/2034 | 1000 | 0 | (9) | (9) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 05/15/2034 | 1800 | 0 | (17) | (17) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 18060 | 465 | (487) | (22) | 38 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.885 | Annual | 07/12/2034 | 3800 | (13) | (32) | (45) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.586 | Annual | 08/19/2034 | 1400 | (5) | 21 | 16 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 600 | (2) | 8 | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 1000 | (4) | 19 | 15 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 | 2200 | (8) | 38 | 30 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 08/28/2034 | 2050 | (8) | 28 | 20 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | 08/28/2034 | 350 | (1) | 4 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 27760 | 1866 | (558) | 1308 | 62 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 900 | (3) | (11) | (14) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 1800 | (5) | (16) | (21) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 900 | (3) | (4) | (7) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 2000 | 100 | (7) | 93 | 4 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 2200 | 4 | 19 | 23 | 5 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 2200 | (2) | 14 | 12 | 5 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 3664 | 9 | 7 | 16 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 14500 | (283) | 328 | 45 | 34 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 40720 | (235) | 375 | 140 | 95 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 13420 | (257) | 43 | (214) | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 3600 | 1128 | 335 | 1463 | 9 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 1800 | 25 | 25 | 50 | 6 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 1723 | 13 | 17 | 30 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 5100 | 221 | 564 | 785 | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.955 | Annual | 11/15/2054 | 700 | 0 | 25 | 25 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.959 | Annual | 11/15/2054 | 1500 | 0 | 53 | 53 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.964 | Annual | 11/15/2054 | 800 | 0 | 28 | 28 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2054 | 5000 | 0 | 144 | 144 | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.115 | Annual | 11/15/2054 | 3090 | 0 | 27 | 27 | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 11/15/2054 | 810 | 0 | 5 | 5 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | 02/15/2055 | 2300 | 0 | 167 | 167 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.772 | Annual | 02/15/2055 | 300 | 0 | 21 | 21 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.804 | Annual | 02/15/2055 | 1800 | 0 | 119 | 119 | 6 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 24 | 36 | 56 | 63 | 96 | 129 | 156 | 185 | 212 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 1000 | 0 | 66 | 66 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.861 | Annual | 02/15/2055 |  | 100 | 0 | 6 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.866 | Annual | 02/15/2055 |  | 1200 | 0 | 65 | 65 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.773 | Annual | 03/04/2055 |  | 1400 | 0 | 100 | 100 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 3210 | 399 | 128 | 527 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 1380 | 5 | 53 | 58 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 922 | (16) | 33 | 17 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 1666 | (1) | 62 | 61 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 7700 | 711 | 177 | 888 | 24 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 624 | (7) | 24 | 17 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 4000 | 140 | 143 | 283 | 13 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 2530 | 58 | 13 | 71 | 8 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.294 | Annual | 02/10/2027 | CHF | 3800 | (111) | 138 | 27 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.283 | Annual | 02/14/2027 |  | 5100 | (152) | 187 | 35 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.343 | Annual | 05/16/2027 |  | 3400 | (102) | 133 | 31 | 0 | 0 |
| Pay<sup>(5)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 06/18/2030 | CNY | 39370 | (12) | (3) | (15) | 0 | 0 |
| Pay<sup>(5)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 03/18/2031 |  | 111400 | (129) | 61 | (68) | 2 | 0 |
| Pay<sup>(5)</sup> | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 21620020 | 153 | (833) | (680) | 4 | 0 |
| Receive<sup>(5)</sup> | 3-Month NZD-BBR | 2.500 | Semi-Annual | 03/12/2028 | NZD | 20000 | 7 | 110 | 117 | 0 | (15) |
| Receive<sup>(5)</sup> | 3-Month NZD-BBR | 3.500 | Semi-Annual | 03/18/2031 |  | 48100 | (348) | 520 | 172 | 0 | (118) |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 10900 | 3 | (7) | (4) | 0 | (1) |
| Pay | 3-Month SEK-STIBOR | 2.474 | Annual | 02/03/2030 | SEK | 32500 | (1) | 71 | 70 | 5 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | AUD | 8900 | (397) | 196 | (201) | 0 | (2) |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 |  | 107300 | (1108) | (2143) | (3251) | 0 | (60) |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 |  | 3300 | (3) | (72) | (75) | 0 | (2) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2035 |  | 7900 | 16 | (203) | (187) | 0 | (10) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/19/2035 |  | 13700 | 62 | (206) | (144) | 0 | (18) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 1800 | 11 | (35) | (24) | 0 | (2) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 |  | 16900 | 82 | (522) | (440) | 0 | (22) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/17/2035 |  | 15200 | 255 | (443) | (188) | 0 | (20) |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/18/2036 |  | 23300 | (175) | (528) | (703) | 0 | (28) |
| Pay | 6-Month CZK-PRIBOR | 1.913 | Annual | 01/30/2029 | CZK | 33000 | (112) | 34 | (78) | 1 | 0 |
| Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 |  | 60500 | (3) | 10 | 7 | 3 | 0 |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.000 | Annual | 03/18/2028 | EUR | 80700 | (267) | (300) | (567) | 0 | (8) |
| Pay | 6-Month EUR-EURIBOR | 1.795 | Annual | 10/11/2029 |  | 1550 | 0 | (28) | (28) | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 1.923 | Annual | 10/11/2029 |  | 6900 | 0 | (85) | (85) | 0 | (5) |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 146280 | 511 | (1417) | (906) | 0 | (114) |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 77680 | (7) | (1635) | (1642) | 0 | (107) |
| Pay | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/21/2042 |  | 980 | (65) | (78) | (143) | 0 | (2) |
| Pay | 6-Month EUR-EURIBOR | 0.451 | Annual | 05/27/2050 |  | 1800 | (128) | (893) | (1021) | 0 | (4) |
| Receive | 6-Month EUR-EURIBOR | 0.064 | Annual | 11/17/2052 |  | 900 | 481 | 140 | 621 | 2 | 0 |
| Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.213 | Annual | 03/12/2055 |  | 15800 | 327 | 1424 | 1751 | 22 | 0 |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 4390 | 61 | (323) | (262) | 0 | (15) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 14 | 17 | 24 | 35 | 52 | 56 | 85 | 95 | 101 | 128 | 141 | 155 | 156 | 184 | 185 | 199 | 211 | 212 |
| Pay | Pay | CAONREPO | CAONREPO | 3.500 | Annual | Annual | 06/19/2026 | CAD | 10600 |  | (5) |  | 86 |  | 81 |  | 1 | 1 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.898 | Annual | Annual | 06/19/2026 |  | 24700 |  | (1) |  | 260 |  | 259 |  | 2 | 2 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.925 | Annual | Annual | 06/19/2026 |  | 19700 |  | (2) |  | 212 |  | 210 |  | 1 | 1 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 1.900 | Semi-Annual | Semi-Annual | 12/18/2029 |  | 9600 |  | (608) |  | 397 |  | (211) |  | 0 | 0 |  | (3) |
| Pay | Pay | CAONREPO | CAONREPO | 1.500 | Semi-Annual | Semi-Annual | 06/17/2030 |  | 6400 |  | (551) |  | 306 |  | (245) |  | 0 | 0 |  | (3) |
| Pay | Pay | CAONREPO | CAONREPO | 2.750 | Semi-Annual | Semi-Annual | 09/17/2030 |  | 2800 |  | (3) |  | 3 |  | 0 |  | 0 | 0 |  | (2) |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 03/15/2033 |  | 4400 |  | 68 |  | (134) |  | (66) |  | 3 | 3 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2033 |  | 800 |  | 3 |  | (4) |  | (1) |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.180 | Semi-Annual | Semi-Annual | 06/01/2033 |  | 5500 |  | (5) |  | (50) |  | (55) |  | 4 | 4 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.300 | Semi-Annual | Semi-Annual | 06/01/2033 |  | 12400 |  | 97 |  | (293) |  | (196) |  | 8 | 8 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.400 | Semi-Annual | Semi-Annual | 06/01/2033 |  | 3800 |  | (4) |  | (75) |  | (79) |  | 2 | 2 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 2.880 | Semi-Annual | Semi-Annual | 09/01/2033 |  | 2200 |  | 0 |  | 12 |  | 12 |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 09/01/2033 |  | 3500 |  | 43 |  | (138) |  | (95) |  | 2 | 2 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 03/18/2036 |  | 3000 |  | (42) |  | 5 |  | (37) |  | 0 | 0 |  | (2) |
| Pay | Pay | CAONREPO | CAONREPO | 2.750 | Semi-Annual | Semi-Annual | 12/18/2048 |  | 2400 |  | (225) |  | 0 |  | (225) |  | 0 | 0 |  | (4) |
| Pay | Pay | CAONREPO | CAONREPO | 2.565 | Semi-Annual | Semi-Annual | 03/07/2049 |  | 2600 |  | (299) |  | (2) |  | (301) |  | 0 | 0 |  | (4) |
| Pay | Pay | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 06/21/2053 |  | 1000 |  | 16 |  | (54) |  | (38) |  | 0 | 0 |  | (2) |
|  |  |  |  |  |  |  |  |  | $ | $2731 | 2731 | $(9753) | (9753) | $(7022) | (7022) | $928 | 928 | 928 | $(990) | (990) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**3642** | **3642** | $**(9753)** | **(9753)** | $**(6111)** | **(6111)** | $**929** | **929** | **929** | $**(991)** | **(991)** |
| **(j)** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $19,287 and cash of $9,531 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $8810 | 8810 | 8810 | JPY | 1369424 | 1369424 | 1369424 | 0 | 0 | 0 | 0 | $(61) | (61) | (61) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 762 | 762 | 762 | NZD | 1357 | 1357 | 1357 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | CNH | 63568 | 63568 | 63568 | $ | $9086 | 9086 | 9086 | 0 | 0 | 0 | 0 | (36) | (36) | (36) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 1826 | 1826 | 1826 |  | 20 | 20 | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 563590 | 563590 | 563590 |  | 387 | 387 | 387 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 2381 | 2381 | 2381 |  | 651 | 651 | 651 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 7792 | 7792 | 7792 |  | 241 | 241 | 241 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 30024 | 30024 | 30024 |  | 985 | 985 | 985 | 29 | 29 | 29 | 29 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1028 | 1028 | 1028 | CAD | 1433 | 1433 | 1433 | 17 | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 293 | 293 | 293 | CNY | 2066 | 2066 | 2066 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 815 | 815 | 815 | KRW | 1194308 | 1194308 | 1194308 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2614 | 2614 | 2614 | PLN | 9568 | 9568 | 9568 | 51 | 51 | 51 | 51 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 406 | 406 | 406 | TRY | 18017 | 18017 | 18017 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 139 | 139 | 139 | TWD | 4383 | 4383 | 4383 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 550 | 550 | 550 | ZAR | 9168 | 9168 | 9168 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 2242 | 2242 | 2242 | $ | $704 | 704 | 704 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | KRW | 1195085 | 1195085 | 1195085 |  | 821 | 821 | 821 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | CZK | 2176 | 2176 | 2176 | EUR | 89 | 89 | 89 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | EUR | 253 | 253 | 253 | CZK | 6205 | 6205 | 6205 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | KZT | 4711 | 4711 | 4711 | $ | $9 | 9 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $5 | 5 | 5 | CNY | 37 | 37 | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 186 | 186 | 186 | MXN | 3436 | 3436 | 3436 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 5236 | 5236 | 5236 | $ | $3404 | 3404 | 3404 | 0 | 0 | 0 | 0 | (91) | (91) | (91) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | BRL | 3587 | 3587 | 3587 |  | 652 | 652 | 652 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 252 | 252 | 252 |  | 320 | 320 | 320 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 63157 | 63157 | 63157 |  | 9040 | 9040 | 9040 | 0 | 0 | 0 | 0 | (14) | (14) | (14) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 11940 | 11940 | 11940 |  | 14053 | 14053 | 14053 | 21 | 21 | 21 | 21 | (5) | (5) | (5) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 3641 | 3641 | 3641 |  | 1119 | 1119 | 1119 | 0 | 0 | 0 | 0 | (24) | (24) | (24) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 57698 | 57698 | 57698 |  | 640 | 640 | 640 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 301100 | 301100 | 301100 |  | 1949 | 1949 | 1949 | 25 | 25 | 25 | 25 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 3162 | 3162 | 3162 |  | 867 | 867 | 867 | 0 | 0 | 0 | 0 | (14) | (14) | (14) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 123465 | 123465 | 123465 |  | 4049 | 4049 | 4049 | 118 | 118 | 118 | 118 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $648 | 648 | 648 | BRL | 3587 | 3587 | 3587 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 20218 | 20218 | 20218 | CNH | 142250 | 142250 | 142250 | 190 | 190 | 190 | 190 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 26099 | 26099 | 26099 | EUR | 22185 | 22185 | 22185 | 19 | 19 | 19 | 19 | (36) | (36) | (36) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3292 | 3292 | 3292 | IDR | 55067727 | 55067727 | 55067727 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 310 | 310 | 310 | INR | 28006 | 28006 | 28006 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 796 | 796 | 796 | NZD | 1400 | 1400 | 1400 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 2620 | 9539 | 37 | 0 |
|  | 01/2026  | 4296 | 135031 | 9 | (5) |
|  | 01/2026  | 1200 | 20006 | 6 | 0 |
|  | 01/2026  | 8408 | $503 | 0 | (5) |
|  | 02/2026  | 197 | 1008 | 1 | 0 |
|  | 02/2026  | $1000 | 7060 | 10 | 0 |
|  | 02/2026  | 689 | 62087 | 0 | 0 |
|  | 02/2026  | 1718 | 53936 | 0 | (3) |
|  | 03/2026  | 4024 | 164 | 0 | (3) |
|  | 03/2026  | 35915 | $1156 | 15 | 0 |
|  | 03/2026  | $1686 | 11838 | 12 | 0 |
|  | 03/2026  | 2480 | 51610 | 33 | 0 |
|  | 04/2026  | 10400 | $1821 | 0 | (38) |
|  | 04/2026  | $331 | 2320 | 2 | 0 |
|  | 05/2026  | 328 | 100 | 0 | (2) |
|  | 06/2026  | 208 | 63 | 0 | (1) |
|  | 07/2026  | 145 | 44 | 0 | (1) |
|  | 06/2027  | 144 | 44 | 0 | (1) |
|  | 05/2029  | 511 | $1756 | 69 | 0 |
|  | 07/2029  | 65 | 222 | 9 | 0 |
|  | 05/2030  | 344 | 1185 | 42 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 1091 | 5608 | 10 | 0 |
|  | 01/2026  | 7105 | $8344 | 0 | (10) |
|  | 01/2026  | 967 | 302 | 0 | (2) |
|  | 01/2026  | 18561 | 4521 | 0 | (59) |
|  | 01/2026  | 998 | 773 | 0 | (4) |
|  | 01/2026  | $2460 | 15851 | 36 | 0 |
|  | 01/2026  | 3114 | 5383 | 0 | (13) |
|  | 01/2026  | 426 | 1551 | 6 | 0 |
|  | 01/2026  | 1237 | 55843 | 43 | 0 |
|  | 01/2026  | 28039 | $1619 | 0 | (72) |
|  | 02/2026  | 952 | 296 | 0 | (4) |
|  | 02/2026  | $5499 | 250108 | 144 | 0 |
|  | 03/2026  | 1598 | 29585 | 34 | 0 |
|  | 03/2026  | 1756 | 80310 | 21 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 4117 | $748 | 0 | (3) |
|  | 01/2026  | 11835 | 15648 | 0 | (304) |
|  | 01/2026  | 5430 | 1570 | 0 | (45) |
|  | 01/2026  | $741 | 4117 | 10 | 0 |
|  | 01/2026  | 25628 | 3988907 | 0 | (144) |
|  | 01/2026  | 1392 | 2483 | 39 | 0 |
|  | 02/2026  | 4148 | $741 | 0 | (10) |
|  | 02/2026  | 4416 | 1263 | 0 | (49) |
|  | 03/2026  | 7949 | 2276 | 0 | (83) |
|  | 04/2026  | 19700 | 3468 | 3 | (56) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 9000 | 5983 | 0 | (24) |
|  | 01/2026  | 3031 | 544 | 0 | (9) |
|  | 01/2026  | 60814 | 8697 | 0 | (28) |
|  | 01/2026  | 3495 | 4076 | 0 | (33) |
|  | 01/2026  | 110000 | 810 | 108 | 0 |
|  | 01/2026  | 2282 | 1312 | 2 | (4) |
|  | 01/2026  | 14183 | 4183 | 0 | (33) |
|  | 01/2026  | 16 | 4 | 0 | 0 |
|  | 01/2026  | 157091 | 5169 | 168 | 0 |
|  | 01/2026  | $547 | 3031 | 6 | 0 |
|  | 01/2026  | 1020 | 1394 | 0 | (4) |
|  | 01/2026  | 22154 | 154716 | 46 | 0 |
|  | 01/2026  | 708 | 5008 | 6 | 0 |
|  | 01/2026  | 163 | 520 | 1 | 0 |
|  | 01/2026  | 10282 | 919067 | 8 | (89) |
|  | 01/2026  | 850 | 8535 | 0 | (3) |
|  | 01/2026  | 200 | 718 | 0 | 0 |
|  | 01/2026  | 2620 | 3381 | 12 | 0 |
|  | 01/2026  | 0 | 11 | 0 | 0 |
|  | 01/2026  | 1366 | 42701 | 1 | (7) |
|  | 01/2026  | 190 | 3225 | 5 | 0 |
|  | 02/2026  | 69 | 355 | 0 | 0 |
|  | 02/2026  | 1763 | $554 | 1 | 0 |
|  | 02/2026  | 1882 | 515 | 0 | (45) |
|  | 02/2026  | $536 | 3010 | 9 | 0 |
|  | 02/2026  | 1354 | 9554 | 12 | 0 |
|  | 02/2026  | 43 | 1335 | 0 | 0 |
|  | 03/2026  | 33252 | $4291 | 10 | 0 |
|  | 03/2026  | 39035 | 1254 | 13 | 0 |
|  | 03/2026  | $269 | 250340 | 10 | 0 |
|  | 03/2026  | 5980 | 42044 | 49 | 0 |
|  | 08/2026  | 2063 | $600 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 638 | 3268 | 4 | 0 |
|  | 01/2026  | 1594 | $495 | 0 | (5) |
|  | 01/2026  | 973 | 562 | 2 | 0 |
|  | 01/2026  | $110 | 5420 | 3 | 0 |
|  | 01/2026  | 356 | 1134 | 1 | 0 |
|  | 01/2026  | 3075 | 273807 | 0 | (36) |
|  | 01/2026  | 4419 | 6478010 | 74 | 0 |
|  | 01/2026  | 499 | 8392 | 7 | 0 |
|  | 01/2026  | 49968 | $2868 | 0 | (145) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 02/2026  | 620 | 3179 | 3 | 0 |
|  | 02/2026  | 1134 | $356 | 0 | (1) |
|  | 02/2026  | $1283 | 422383 | 5 | 0 |
|  | 02/2026  | 58 | 1803 | 0 | 0 |
|  | 03/2026  | 12297 | $24 | 0 | 0 |
|  | 03/2026  | 2151 | 637 | 0 | (1) |
|  | 03/2026  | $1788 | 12552 | 13 | 0 |
|  | 03/2026  | 632 | 13019 | 1 | 0 |
|  | 03/2026  | 346 | 187134 | 15 | 0 |
|  | 04/2026  | 140 | 7224 | 6 | 0 |
|  | 06/2026  | 88455 | $165 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 10672 | 6932 | 0 | (191) |
|  | 01/2026  | 260 | 325 | 0 | (4) |
|  | 01/2026  | $188 | 604 | 1 | 0 |
|  | 01/2026  | 1630 | 2893 | 36 | 0 |
|  | 01/2026  | 1856 | 6254 | 3 | 0 |
|  | 01/2026  | 4239 | 15519 | 83 | 0 |
|  | 01/2026  | 501 | 8401 | 6 | 0 |
|  | 01/2026  | 34649 | $2015 | 0 | (74) |
|  | 02/2026  | 603 | 188 | 0 | (1) |
|  | 03/2026  | 1192 | 353 | 0 | 0 |
|  | 06/2026  | 6289 | 1856 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 4667 | 667 | 0 | (3) |
|  | 01/2026  | 1627 | 8359 | 14 | 0 |
|  | 01/2026  | 300000 | $2229 | 313 | 0 |
|  | 01/2026  | 1790 | 436 | 0 | (5) |
|  | 01/2026  | $11490 | 9212 | 150 | 0 |
|  | 01/2026  | 9232 | 64978 | 91 | 0 |
|  | 01/2026  | 849 | 2743 | 12 | 0 |
|  | 01/2026  | 2434 | 8894 | 43 | 0 |
|  | 01/2026  | 3085 | 13399 | 4 | 0 |
|  | 01/2026  | 985 | 31354 | 11 | 0 |
|  | 01/2026  | 25765 | $1494 | 0 | (59) |
|  | 02/2026  | $18171 | 100116 | 0 | (38) |
|  | 02/2026  | 2 | 16 | 0 | 0 |
|  | 02/2026  | 994 | 18443 | 25 | 0 |
|  | 02/2026  | 194 | 8835 | 5 | 0 |
|  | 03/2026  | 79 | $14 | 0 | 0 |
|  | 03/2026  | $2609 | 14456 | 0 | (5) |
|  | 03/2026  | 17 | 118 | 0 | 0 |
|  | 03/2026  | 751 | 13939 | 18 | 0 |
|  | 04/2026  | 40800 | $7193 | 20 | (119) |
|  | 04/2026  | $1579 | 29113 | 22 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 9055 | $2783 | 0 | (60) |
|  | 01/2026  | 54813 | 616 | 7 | 0 |
|  | 01/2026  | 15257758 | 10633 | 51 | 0 |
|  | 01/2026  | 984 | 572 | 5 | 0 |
|  | 01/2026  | 5771 | 1575 | 0 | (33) |
|  | 01/2026  | $34541 | 243232 | 360 | 0 |
|  | 01/2026  | 203 | 1431 | 1 | 0 |
|  | 01/2026  | 76 | 3697 | 1 | 0 |
|  | 01/2026  | 1374 | 4478 | 32 | 0 |
|  | 01/2026  | 1231 | 109603 | 0 | (14) |
|  | 01/2026  | 17906 | 333031 | 544 | 0 |
|  | 01/2026  | 997 | 10195 | 15 | 0 |
|  | 01/2026  | 1671 | 2872 | 0 | (17) |
|  | 01/2026  | 3895 | 14294 | 87 | 0 |
|  | 01/2026  | 9444 | $550 | 0 | (19) |
|  | 02/2026  | $10633 | 15237735 | 0 | (67) |
|  | 02/2026  | 1730 | 32088 | 43 | 0 |
|  | 03/2026  | 1022 | 18745 | 12 | 0 |
|  | 04/2026  | 589 | 10856 | 8 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 6191 | $4094 | 0 | (38) |
|  | 01/2026  | 541 | 392 | 0 | (2) |
|  | 01/2026  | 381 | 480 | 0 | (2) |
|  | 01/2026  | 4814 | 681 | 0 | (10) |
|  | 01/2026  | 4510 | 94 | 0 | 0 |
|  | 01/2026  | 2560 | 3004 | 0 | (5) |
|  | 01/2026  | 2222 | 2966 | 0 | (29) |
|  | 01/2026  | 1039300 | 6690 | 50 | 0 |
|  | 01/2026  | 1457 | 842 | 3 | 0 |
|  | 01/2026  | 35490 | 27352 | 0 | (275) |
|  | 01/2026  | 50097 | 1547 | 0 | (45) |
|  | 01/2026  | $16229 | 22842 | 422 | 0 |
|  | 01/2026  | 1390 | 9765 | 12 | 0 |
|  | 01/2026  | 681 | 4809 | 6 | 0 |
|  | 01/2026  | 395 | 19483 | 12 | 0 |
|  | 01/2026  | 38045 | 32762 | 473 | (1) |
|  | 01/2026  | 5923 | 4412 | 24 | 0 |
|  | 01/2026  | 213 | 19274 | 1 | 0 |
|  | 01/2026  | 4919 | 769585 | 9 | (11) |
|  | 01/2026  | 500 | 1834 | 11 | 0 |
|  | 01/2026  | 7553 | 71955 | 266 | 0 |
|  | 01/2026  | 214 | 6760 | 1 | 0 |
|  | 02/2026  | 457 | 8463 | 11 | 0 |
|  | 03/2026  | 4247 | $548 | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 14 | 52 | 81 | 90 | 101 | 110 | 139 | 153 | 154 | 188 | 198 | 204 |
|  |  | 03/2026  | $426 | 426 | MXN | 7847 | 7847 | 7847 |  | 7 | 7 |  | 0 |
|  |  | 04/2026  | 472 | 472 |  | 8713 | 8713 | 8713 |  | 7 | 7 |  | 0 |
|  |  | 05/2026  | 66 | 66 | EGP | 3385 | 3385 | 3385 |  | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 4230 | 4230 | $ | $601 | 601 | 601 |  | 0 | 0 |  | (6) |
|  |  | 01/2026  | $49 | 49 | JPY | 7568 | 7568 | 7568 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 2043 | 2043 | SGD | 2643 | 2643 | 2643 |  | 15 | 15 |  | 0 |
|  |  | 02/2026  | 4295 | 4295 | EUR | 175 | 175 | 175 |  | 0 | 0 |  | (3) |
|  |  | 02/2026  | 3445 | 3445 | $ | $1070 | 1070 | 1070 |  | 0 | 0 |  | (12) |
|  |  | 02/2026  | $295 | 295 | CNY | 2080 | 2080 | 2080 |  | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 5559 | 5559 | KRW | 8140523 | 8140523 | 8140523 |  | 87 | 87 |  | 0 |
|  |  | 01/2026  | 1155 | 1155 | TRY | 52130 | 52130 | 52130 |  | 45 | 45 |  | 0 |
|  |  | 02/2026  | 1282 | 1282 |  | 58550 | 58550 | 58550 |  | 32 | 32 |  | 0 |
|  |  | 03/2026  | 1929 | 1929 |  | 88218 | 88218 | 88218 |  | 24 | 24 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 7725 | 7725 | $ | $1438 | 1438 | 1438 |  | 28 | 28 |  | 0 |
|  |  | 01/2026  | 5277 | 5277 |  | 745 | 745 | 745 |  | 0 | 0 |  | (12) |
|  |  | 01/2026  | 2307 | 2307 |  | 2683 | 2683 | 2683 |  | 0 | 0 |  | (29) |
|  |  | 01/2026  | 9099 | 9099 |  | 100 | 100 | 100 |  | 0 | 0 |  | (1) |
|  |  | 01/2026  | 347500 | 347500 |  | 2233 | 2233 | 2233 |  | 13 | 13 |  | 0 |
|  |  | 01/2026  | 50127 | 50127 |  | 1644 | 1644 | 1644 |  | 48 | 48 |  | 0 |
|  |  | 01/2026  | $1404 | 1404 | BRL | 7725 | 7725 | 7725 |  | 6 | 6 |  | 0 |
|  |  | 01/2026  | 15733 | 15733 | CNH | 110853 | 110853 | 110853 |  | 173 | 173 |  | 0 |
|  |  | 01/2026  | 745 | 745 | CNY | 5267 | 5267 | 5267 |  | 6 | 6 |  | 0 |
|  |  | 01/2026  | 5478 | 5478 | IDR | 91596695 | 91596695 | 91596695 |  | 8 | 8 |  | 0 |
|  |  | 01/2026  | 197 | 197 | INR | 17797 | 17797 | 17797 |  | 0 | 0 |  | 0 |
|  |  | 01/2026  | 21685 | 21685 | JPY | 3371673 | 3371673 | 3371673 |  | 0 | 0 |  | (145) |
|  |  | 01/2026  | 541 | 541 | TWD | 16908 | 16908 | 16908 |  | 0 | 0 |  | (3) |
|  |  | 03/2026  | 1181 | 1181 | CNY | 8287 | 8287 | 8287 |  | 9 | 9 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 3708 | 3708 | RON | 19008 | 19008 | 19008 |  | 25 | 25 |  | 0 |
|  |  | 01/2026  | $256313 | 256313 | EUR | 221387 | 221387 | 221387 |  | 3972 | 3972 |  | 0 |
|  |  | 01/2026  | 38760 | 38760 | GBP | 29596 | 29596 | 29596 |  | 1133 | 1133 |  | 0 |
|  |  | 01/2026  | 74011 | 74011 | JPY | 11575254 | 11575254 | 11575254 |  | 0 | 0 |  | (59) |
|  |  | 01/2026  | 992 | 992 | PEN | 3335 | 3335 | 3335 |  | 0 | 0 |  | 0 |
|  |  | 02/2026  | 533 | 533 | RON | 2738 | 2738 | 2738 |  | 3 | 3 |  | 0 |
|  |  | 02/2026  | $704 | 704 | EGP | 34535 | 34535 | 34535 |  | 9 | 9 |  | 0 |
|  |  | 02/2026  | 458 | 458 | MXN | 8467 | 8467 | 8467 |  | 10 | 10 |  | 0 |
|  |  | 03/2026  | 1735 | 1735 | $ | $93 | 93 | 93 |  | 0 | 0 |  | (3) |
|  |  | 03/2026  | $698 | 698 | CLP | 676703 | 676703 | 676703 |  | 54 | 54 |  | 0 |
|  |  | 03/2026  | 0 | 0 | MXN | 5 | 5 | 5 |  | 0 | 0 |  | 0 |
|  |  | 07/2026  | 3357 | 3357 | $ | $992 | 992 | 992 |  | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 1442 | 1442 |  | 1800 | 1800 | 1800 |  | 0 | 0 |  | (22) |
|  |  | 01/2026  | 6794161 | 6794161 |  | 1728 | 1728 | 1728 |  | 0 | 0 |  | (54) |
|  |  | 01/2026  | 2414 | 2414 |  | 662 | 662 | 662 |  | 0 | 0 |  | (11) |
|  |  | 01/2026  | $2209 | 2209 | GBP | 1670 | 1670 | 1670 |  | 42 | 42 |  | 0 |
|  |  | 01/2026  | 2362 | 2362 | PLN | 8584 | 8584 | 8584 |  | 29 | 29 |  | 0 |
|  |  | 01/2026  | 48947 | 48947 | $ | $2814 | 2814 | 2814 |  | 0 | 0 |  | (137) |
|  |  | 02/2026  | $1807 | 1807 | COP | 6767206 | 6767206 | 6767206 |  | 0 | 0 |  | (50) |
|  |  | 02/2026  | 422 | 422 | MXN | 7835 | 7835 | 7835 |  | 11 | 11 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**10872** | **10872** | **$** | $**(3390)** | **(3390)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost |  | Market<br>Value |
| BOA | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 03/11/2026 | 685 | 685 | 685 | 3 | $ | $4 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 24.200 | 03/12/2026 | 1289 | 1289 | 1289 | 7 |  | 8 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | 375.000 | 03/05/2026 | 1445 | 1445 | 1445 | 4 |  | 2 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.400 | 02/05/2026 | 1580 | 1580 | 1580 | 22 |  | 9 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 2312 | 2312 | 2312 | 3 |  | 1 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 3625 | 3625 | 3625 | 5 |  | 2 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1417.000 | 02/11/2026 | 4201 | 4201 | 4201 | 26 |  | 22 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/11/2026 | 4201 | 4201 | 4201 | 25 |  | 24 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1419.000 | 02/12/2026 | 2699 | 2699 | 2699 | 17 |  | 16 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | 1.315 | 11/05/2026 | 2665 | 2665 | 2665 | 19 |  | 9 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 567 | 567 | 567 | 1 |  | 0 |
| JPM | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 03/05/2026 | 2738 | 2738 | 2738 | 11 |  | 16 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | HUF | HUF | 378.000 | 03/03/2026 | 1100 | 1100 | 1100 | 5 |  | 3 |
|  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  | Put - OTC EUR versus HUF  |  |  | 376.000 | 03/06/2026 | 1342 | 1342 | 1342 | 3 |  | 3 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 2083 | 2083 | 2083 | 3 |  | 1 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 1084 | 1084 | 1084 | 2 |  | 1 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.200 | 02/10/2026 | 728 | 728 | 728 | 3 |  | 4 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 24.100 | 03/13/2026 | 2582 | 2582 | 2582 | 10 |  | 10 |
|  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  |  |  | 23.900 | 06/02/2026 | 1234 | 1234 | 1234 | 5 |  | 4 |
|  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.410 | 02/04/2026 | 3300 | 3300 | 3300 | 50 |  | 22 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **224** | **$** | $**161** |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 29 | 31 | 45 | 49 | 61 | 65 | 81 | 82 | 88 | 92 | 106 | 109 | 122 | 136 | 146 | 158 | 170 | 186 | 192 | 204 | 206 | 215 |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BOA | BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 5.160 | 02/05/2026 |  | 1580 | $ | (3) | (3) | (3) | $(1) | (1) | (1) |
|  |  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.690 | 5.690 | 5.690 | 02/05/2026 |  | 1580 |  | (18) | (18) | (18) | (12) | (12) | (12) |
|  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 7.850 | 08/14/2026 |  | 2312 |  | (1) | (1) | (1) | (1) | (1) | (1) |
|  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/24/2026 |  | 3625 |  | (2) | (2) | (2) | (1) | (1) | (1) |
|  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1380.000 | 1380.000 | 1380.000 | 02/11/2026 |  | 4201 |  | (8) | (8) | (8) | (6) | (6) | (6) |
|  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1382.000 | 1382.000 | 1382.000 | 02/11/2026 |  | 4201 |  | (8) | (8) | (8) | (6) | (6) | (6) |
|  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1383.000 | 1383.000 | 1383.000 | 02/12/2026 |  | 2699 |  | (6) | (6) | (6) | (4) | (4) | (4) |
|  |  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | SGD | 1.237 | 1.237 | 1.237 | 11/05/2026 |  | 2665 |  | (19) | (19) | (19) | (22) | (22) | (22) |
| GLM | GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 7.850 | 08/14/2026 |  | 567 |  | 0 | 0 | 0 | 0 | 0 | 0 |
| MBC | MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/14/2026 |  | 2083 |  | (1) | (1) | (1) | (1) | (1) | (1) |
|  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/24/2026 |  | 1084 |  | (1) | (1) | (1) | 0 | 0 | 0 |
| MYI | MYI | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 5.160 | 02/04/2026 |  | 3300 |  | (8) | (8) | (8) | (1) | (1) | (1) |
|  |  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.700 | 5.700 | 5.700 | 02/04/2026 |  | 3300 |  | (43) | (43) | (43) | (24) | (24) | (24) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (118) | (118) | (118) | $(79) | (79) | (79) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BPS | BPS | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.622% | 3.622% | 3.622% | 01/29/2026 | 01/29/2026 | 01/29/2026 |  | 3900 | $ | (8) | (8) | (8) | $(5) | (5) | (5) |
|  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.882 | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 01/29/2026 |  | 3900 |  | (8) | (8) | (8) | (12) | (12) | (12) |
| MYC | MYC | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.625 | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 01/08/2026 |  | 3800 |  | (10) | (10) | (10) | 0 | 0 | 0 |
|  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.925 | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 01/08/2026 |  | 3800 |  | (10) | (10) | (10) | (1) | (1) | (1) |
| NGF | NGF | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.498 | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 2500 |  | (6) | (6) | (6) | 0 | 0 | 0 |
|  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.798 | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 2500 |  | (6) | (6) | (6) | (4) | (4) | (4) |
|  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.639 | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 3900 |  | (9) | (9) | (9) | (1) | (1) | (1) |
|  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.919 | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 3900 |  | (9) | (9) | (9) | (2) | (2) | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (66) | (66) | (66) | $(25) | (25) | (25) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(184)** | **(184)** | **(184)** | $**(104)** | **(104)** | **(104)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> |  | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.187% | 0.187% | 0.187% | $ | $2000 | 2000 | $(67) | (67) | $6 | 6 | $0 | 0 | 0 | $(61) |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.220 | 0.220 | 0.220 |  | 3400 | 3400 | (125) | (125) | 2 | 2 | 0 | 0 | 0 | (123) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(192) | (192) | $8 | 8 | $0 | 0 | 0 | $(184) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(5)</sup> |  | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| CBK | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000% | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 1.757% | 1.757% | 1.757% | $ | $900 | 900 | $(9) | (9) | $3 | 3 | $0 | 0 | 0 | $(6) |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —♦ | —♦ | —♦ |  | 1153 | 1153 | 0 | 0 | 10 | 10 | 10 | 10 | 10 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(9) | (9) | $13 | 13 | $10 | 10 | 10 | $(6) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(6)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | 200 | $ | 46 | 46 | 1 | $ | 47 | 47 | $ | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 15 | 16 | 18 | 34 | 35 | 47 | 53 | 64 | 65 | 72 | 78 | 97 | 100 | 111 | 114 | 115 | 127 | 147 | 160 | 171 | 186 | 193 | 206 | 216 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  |  | 800 | 184 |  | 4 |  | 188 |  | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  |  | 300 | 68 |  | 3 |  | 71 |  | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  |  | 2400 | 547 |  | 19 |  | 566 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 845 | 845 | 27 | 27 | 872 | 872 | 0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Receive | Pay | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> |  | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  |  |  | Notional Amount<br>of Currency<br>Delivered | Notional Amount<br>of Currency<br>Delivered | Upfront Payable/(Receivable) |  | Unrealized<br>Appreciation/(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | $ | 39509 | 39509 | JPY | JPY | JPY | 5926400 | 5926400 | 506 | $ | (8) | $ | 498 | $ | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.442% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.442% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 09/16/2031 |  | 6470 | 6470 |  |  |  | 950000 | 950000 | 27 |  | 10 |  | 37 |  | 0 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | 10/15/2045 | 10/15/2045 | 10/15/2045 |  | 10668 | 10668 | GBP | GBP | GBP | 8021 | 8021 | (41) |  | 14 |  | 0 |  | (27) |
|  |  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 |  | 15581 | 15581 | JPY | JPY | JPY | 2415000 | 2415000 | 10 |  | (9) |  | 1 |  | 0 |
|  |  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 09/16/2031 |  | 748 | 748 |  |  |  | 110000 | 110000 | 1 |  | 0 |  | 1 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 503 | $ | 7 | $ | 537 | $ | (27) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500% | 1.500% | Quarterly | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 03/18/2031 | CNY | 115800 | 115800 | 115800 | $(37) | (37) | $(34) | (34) | $0 | 0 | $(71) |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | Quarterly | Quarterly | Quarterly | 03/18/2031 | 03/18/2031 | 03/18/2031 |  | 61500 | 61500 | 61500 | 0 | 0 | (37) | (37) | 0 | 0 | (37) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (37) | (37) | (71) | (71) | 0 | 0 | (108) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(9)</sup> | Underlying<br>Reference | Underlying<br>Reference | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | iBoxx USD Liquid<br> Investment<br> Grade Index | iBoxx USD Liquid<br> Investment<br> Grade Index | iBoxx USD Liquid<br> Investment<br> Grade Index | iBoxx USD Liquid<br> Investment<br> Grade Index | N/A | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | Maturity | 03/20/2026 | 03/20/2026 | $ | $ | $ | 14400 | 0 | 0 | (51) | (51) | 0 | 0 | (51) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **1110** | **1110** | **(67)** | **(67)** | **1419** | **1419** | **(376)** |
| **(l)** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $781 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>♦</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

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| | |
|:---|:---|
| <sup>(1)</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. |
| <sup>(3)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(5)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(7)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(8)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(9)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Fair Value<br>at 12/31/2025 |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $483 | $483 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 6133 | 6133 |
| Non-Agency Mortgage-Backed Securities | 0 | 10945 |
| Sovereign Issues | 27298 | 27298 |
| Belgium | Belgium | Belgium |
| Corporate Bonds & Notes | 1970 | 1970 |
| Bermuda | Bermuda | Bermuda |
| Asset-Backed Securities | 1297 | 1297 |
| Corporate Bonds & Notes | 2325 | 2325 |
| Brazil | Brazil | Brazil |
| Sovereign Issues | 12516 | 12516 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 4239 | 4239 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 12190 | 12190 |
| Non-Agency Mortgage-Backed Securities | 1806 | 1806 |
| Sovereign Issues | 27171 | 27171 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 24553 | 24553 |
| Corporate Bonds & Notes | 3306 | 4486 |
| Sovereign Issues | 825 | 825 |
| Chile | Chile | Chile |
| Sovereign Issues | 819 | 819 |
| China | China | China |
| Sovereign Issues | 97362 | 97362 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 2109 | 2109 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 1455 | 1455 |
| France | France | France |
| Corporate Bonds & Notes | 3395 | 3395 |
| Sovereign Issues | 26135 | 26135 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 417 | 417 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 40191 | 40191 |
| Israel | Israel | Israel |
| Sovereign Issues | 7330 | 7330 |
| Italy | Italy | Italy |
| Corporate Bonds & Notes | 3277 | 3277 |
| Sovereign Issues | 28507 | 28507 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 7247 | 7247 |
| Sovereign Issues | 41346 | 41346 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Asset-Backed Securities | 1900 | 1900 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 549 | 549 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 5811 | 5811 |
| Luxembourg | Luxembourg | Luxembourg |
| Sovereign Issues | 5405 | 5405 |
| Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 1259 | 1259 |
| Sovereign Issues | 13274 | 13274 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 484 | 484 |
| Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 831 | 831 |
| New Zealand | New Zealand | New Zealand |
| Corporate Bonds & Notes | 3642 | 3642 |
| Sovereign Issues | 510 | 510 |
| Norway | Norway | Norway |
| Sovereign Issues | 1433 | 1433 |
| Peru | Peru | Peru |
| Corporate Bonds & Notes | 906 | 906 |
| Sovereign Issues | 12458 | 12458 |
| Poland | Poland | Poland |
| Sovereign Issues | 3501 | 3501 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 541 | 541 |
| Republic of Korea | Republic of Korea | Republic of Korea |
| Sovereign Issues | 1920 | 1920 |
| Romania | Romania | Romania |
| Sovereign Issues | 8962 | 8962 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 1561 | 1561 |
| Sovereign Issues | 18005 | 18005 |
| Serbia | Serbia | Serbia |
| Sovereign Issues | 2033 | 2033 |
| South Africa | South Africa | South Africa |
| Sovereign Issues | 17475 | 17475 |
| South Korea | South Korea | South Korea |

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<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 26 | 46 | 68 | 77 | 94 | 105 | 120 | 140 | 153 | 163 | 176 | 190 | 213 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 15041 | 15041 | 0 | 0 |  | 15041 |  |
| Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain | Spain |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 42076 | 42076 | 0 | 0 |  | 42076 |  |
| Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational | Supranational |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 1176 | 1176 | 0 | 0 |  | 1176 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 7571 | 7571 | 0 | 0 |  | 7571 |  |
| Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 3988 | 3988 | 0 | 0 |  | 3988 |  |
| Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 8907 | 8907 | 0 | 0 |  | 8907 |  |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 3635 | 3635 | 0 | 0 |  | 3635 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 2468 | 2468 | 0 | 0 |  | 2468 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 24460 | 24460 | 0 | 0 |  | 24460 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 14238 | 14238 | 0 | 0 |  | 14238 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 35672 | 35672 | 0 | 0 |  | 35672 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 9605 | 9605 | 0 | 0 |  | 9605 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 81405 | 81405 | 0 | 0 |  | 81405 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 1544 | 1544 | 0 | 0 |  | 1544 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 0 | 0 | 1719 | 1719 | 0 | 0 |  | 1719 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 81387 | 81387 | 0 | 0 |  | 81387 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 457956 | 457956 | 0 | 0 |  | 457956 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 58728 | 58728 | 0 | 0 |  | 58728 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 8768 | 8768 | 0 | 0 |  | 8768 |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 507 | 507 | 0 | 0 |  | 507 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 2591 | 2591 | 0 | 0 |  | 2591 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 505 | 505 | 0 | 0 |  | 505 |  |
|  |  |  |  | $0 | 0 | 0 | $1352109 | 1352109 | $12125 | 12125 | $ | 1364234 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $24859 | 24859 | 24859 | $0 | 0 | $0 | 0 | $ | 24859 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $24859 | 24859 | 24859 | $1352109 | 1352109 | $12125 | 12125 | $ | 1389093 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | $(122886) | (122886) | $0 | 0 | $ | (122886) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 316 | 316 | 316 | 953 | 953 | 0 | 0 |  | 1269 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 12442 | 12442 | 10 | 10 |  | 12452 |  |
|  |  |  |  | $316 | 316 | 316 | $13395 | 13395 | $10 | 10 | $ | 13721 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (427) | (427) | (427) | (1155) | (1155) | 0 | 0 |  | (1582) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (3870) | (3870) | 0 | 0 |  | (3870) |  |
|  |  |  |  | $(427) | (427) | (427) | $(5025) | (5025) | $0 | 0 | $ | (5452) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(111) | (111) | (111) | $8370 | 8370 | $10 | 10 | $ | 8269 |  |
| Totals | Totals | Totals | Totals | $24748 | 24748 | 24748 | $1237593 | 1237593 | $12135 | 12135 | $ | 1274476 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-Agency Mortgage-Backed Securities | $10723 | $0 | $ | 0 | $0 | $ | 222 | $0 | 0 | $0 | 0 | $10945 | $222 |
| Cayman Islands |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | 1170 | 0 |  | 0 | 0 |  | 10 | 0 | 0 | 0 | 0 | 1180 | 10 |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Asset-Backed Securities | 0 | (231) |  | 0 | 15 |  | 93 | 0 | 0 | (1175) | (1175) | 0 | 0 |
|  | $11893 | $(231) | $ | 0 | $15 | $ | 325 | $0 | 0 | $(1175) | (1175) | $12125 | $232 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | $0 | $(5) | $ | 0 | $0 | $ | (3) | $0 | 0 | $0 | 0 | $10 | $(3) |

---

------

<br> Schedule of Investments PIMCO International Bond Fund (Unhedged) (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 10 | 28 | 42 | 46 | 73 | 94 | 113 | 140 | 163 | 178 | 190 | 210 | 213 |
| Totals | Totals | $1316 | 11893 | $ | $(236) | $0 | $15 | $322 | $0 | $(1175) | (1175) | 12135 | $ | 229 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $10945 | 10945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | —  | —  |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 1180 | 1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.429  | 5.429  | —  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | 10 | 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497 | 0.497 | —  | —  |
| Total | Total | Total | $12135 | 12135 |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 109.1% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.8%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% - 8.066% due 10/21/2026 «~(l) | $2912 | $2912 |
| **Altice France SA**<br>8.891% - 5.966% (EUR003M + 6.875%) due 05/31/2031 ~ | 724 | 853 |
| **BCP V Modular Services Holdings IV Ltd.**<br>6.444% - 7.831% (EUR003M + 4.425%) due 07/10/2031 ~ | 1000 | 1108 |
| **Castlelake LP**<br>2.950% due 05/12/2031 «~ | $18229 | 17419 |
| **Charter Communications Operating LLC**<br>6.235% - 8.199% (TSFR3M + 2.250%) due 12/15/2031 ~ | 992 | 994 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/03/2031 ~µ | 1217 | 1239 |
| TBD% due 01/05/2032 µ | 1217 | 1220 |
| TBD% (TSFR1M + 4.500%) due 01/03/2031 ~ | 5500 | 5596 |
| **Dorchester LLC**<br>4.349% - 9.672% (EUR003M + 2.300%) due 01/04/2027 «~(l) | 5300 | 6229 |
| **Encina Private Credit LLC**<br>TBD% - 19.000% due 11/30/2026 «~µ | $4648 | 4509 |
| **Live Nation Entertainment, Inc.**<br>5.734% - 9.340% (TSFR1M + 2.000%) due 10/21/2032 ~ | 4200 | 4210 |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 19100 | 22493 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(l) | $4200 | 4200 |
| **Project Alpha Investindustrial**<br>4.150% - 9.695% (EUR003M + 2.100%) due 02/27/2026 «~(l) | 2552 | 2998 |
| **Project Flash**<br>TBD% - 9.966% (TSFR1M + 2.250%) due 04/30/2030 «~µ | $27000 | 27000 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 6000 | 6055 |
| **Westmoreland Coal Co.**<br>8.000% due 03/15/2029 «~ | 1372 | 583 |
| Total Loan Participations and Assignments (Cost $108,876) |  | 109618 |
| **CORPORATE BONDS & NOTES 68.1%**  |  |  |
| **BANKING & FINANCE 31.0%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 300 | 310 |
| **ABN AMRO Bank NV** <br>6.875% due 09/22/2031 •(j)(k) | 3600 | 4630 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust**  |  |  |
| 2.450% due 10/29/2026  | $32616 | 32182 |
| 3.650% due 07/21/2027  | 2770 | 2754 |
| 6.450% due 04/15/2027  | 4295 | 4414 |
| **AIA Group Ltd.** <br>3.200% due 09/16/2040 | 800 | 635 |
| **Air Lease Corp.** <br>3.750% due 06/01/2026 | 5900 | 5890 |
| **Aircastle Ltd.**  |  |  |
| 2.850% due 01/26/2028  | 4500 | 4377 |
| 4.250% due 06/15/2026  | 3100 | 3100 |
| 5.950% due 02/15/2029  | 1400 | 1459 |
| 6.500% due 07/18/2028  | 15709 | 16520 |
| **Alamo Re Ltd.**  |  |  |
| 12.014% (FHMMUSTF + 8.434%) due 06/07/2027 ~  | 2400 | 2555 |
| 15.460% (FHMMUSTF + 11.880%) due 06/08/2026 ~  | 2400 | 2507 |
| **Alfa Bank AO Via Alfa Bond Issuance PLC** <br>5.950% due 04/15/2030 ^«(k) | 3100 | 186 |
| **Ally Financial, Inc.**  |  |  |
| 4.750% due 06/09/2027  | 1000 | 1009 |
| 6.992% due 06/13/2029 •  | 10100 | 10673 |
| 8.000% due 11/01/2031  | 4800 | 5455 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 17000 | 15504 |
| **American Express Co.**  |  |  |
| 5.284% due 07/26/2035 •  | 6819 | 7030 |
| 5.442% due 01/30/2036 •  | 6800 | 7066 |
| **American Homes 4 Rent LP**  |  |  |
| 2.375% due 07/15/2031  | 2000 | 1789 |
| 3.375% due 07/15/2051  | 500 | 339 |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 3.625% due 04/15/2032  | 1600 | 1513 |
| 4.250% due 02/15/2028  | 3667 | 3677 |
| 5.250% due 03/15/2035  | 1000 | 1017 |
| 5.500% due 02/01/2034  | 6300 | 6524 |
| **American Tower Corp.**  |  |  |
| 1.875% due 10/15/2030  | 8700 | 7777 |
| 2.750% due 01/15/2027  | 18100 | 17869 |
| 2.950% due 01/15/2051  | 16999 | 10869 |
| 3.650% due 03/15/2027  | 1900 | 1893 |
| 3.800% due 08/15/2029  | 11030 | 10864 |
| 3.950% due 03/15/2029  | 5470 | 5426 |
| 4.400% due 02/15/2026  | 3581 | 3582 |
| 5.800% due 11/15/2028  | 8000 | 8354 |
| 5.900% due 11/15/2033  | 15000 | 16030 |
| **Antares Holdings LP**  |  |  |
| 2.750% due 01/15/2027  | 7000 | 6845 |
| 3.750% due 07/15/2027  | 6250 | 6115 |
| 3.950% due 07/15/2026  | 13950 | 13902 |
| 6.350% due 10/23/2029  | 3500 | 3575 |
| 6.500% due 02/08/2029  | 1000 | 1023 |
| 7.950% due 08/11/2028  | 5400 | 5716 |
| **Aon North America, Inc.** <br>5.125% due 03/01/2027 | 7200 | 7292 |
| **Apollo Debt Solutions BDC**  |  |  |
| 6.550% due 03/15/2032  | 5100 | 5265 |
| 6.700% due 07/29/2031  | 9400 | 9924 |
| **ARES Capital Corp.** <br>2.875% due 06/15/2027 | 8420 | 8245 |
| **ARES Finance Co. II LLC** <br>3.250% due 06/15/2030 | 13900 | 13191 |
| **ARES Finance Co. III LLC** <br>4.125% due 06/30/2051 •  | 4900 | 4840 |
| **ARES Management Corp.**  |  |  |
| 5.600% due 10/11/2054  | 2000 | 1896 |
| 6.375% due 11/10/2028  | 7500 | 7940 |
| **ARES Strategic Income Fund**  |  |  |
| 4.850% due 01/15/2029  | 3623 | 3582 |
| 5.600% due 02/15/2030  | 4200 | 4223 |
| 6.200% due 03/21/2032  | 6300 | 6465 |
| **Armor RE II Ltd.** <br>13.810% (BRMMUSDF + 10.200%) due 05/07/2031 ~ | 2100 | 2259 |
| **Aspen Insurance Holdings Ltd.** <br>5.750% due 07/01/2030 | 2800 | 2921 |
| **Assured Guaranty U.S. Holdings, Inc.**  |  |  |
| 3.150% due 06/15/2031  | 1290 | 1218 |
| 3.600% due 09/15/2051  | 4800 | 3391 |
| 6.125% due 09/15/2028  | 8000 | 8413 |
| **Athene Global Funding**  |  |  |
| 5.322% due 11/13/2031  | 2400 | 2436 |
| 5.516% due 03/25/2027  | 18200 | 18492 |
| 5.526% due 07/11/2031  | 4700 | 4821 |
| 5.583% due 01/09/2029  | 4000 | 4111 |
| 5.684% due 02/23/2026  | 3559 | 3566 |
| **Aviation Capital Group LLC** <br>3.500% due 11/01/2027 | 16454 | 16216 |
| **Aviva PLC** <br>7.750% due 09/30/2032 •(j)(k) | 2800 | 3987 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.125% due 02/21/2026  | $2210 | 2203 |
| 2.528% due 11/18/2027  | 8284 | 8038 |
| 3.250% due 02/15/2027  | 8600 | 8509 |
| 4.700% due 01/30/2031  | 10200 | 10137 |
| 4.950% due 10/15/2032  | 6000 | 5947 |
| **AXIS Specialty Finance PLC** <br>4.000% due 12/06/2027 | 17000 | 16998 |
| **Banco Bilbao Vizcaya Argentaria SA**  |  |  |
| 6.875% due 12/13/2030 •(j)(k)(n)  | 3000 | 3819 |
| 7.883% due 11/15/2034 •  | $4000 | 4663 |
| 8.375% due 06/21/2028 •(j)(k)  | 3400 | 4392 |
| **Banco BTG Pactual SA** <br>2.750% due 01/11/2026 | $5900 | 5893 |
| **Banco General SA** <br>4.125% due 08/07/2027 | 3900 | 3881 |
| **Banco Santander SA**  |  |  |
| 4.175% due 03/24/2028 •  | 400 | 400 |
| 9.625% due 11/21/2028 •(j)(k)  | 16000 | 17747 |
| **Bank of America Corp.**  |  |  |
| 1.898% due 07/23/2031 •  | 19100 | 17163 |
| 2.299% due 07/21/2032 •  | 26300 | 23525 |
| 2.551% due 02/04/2028 •  | 45700 | 44964 |
| 2.687% due 04/22/2032 •  | 17500 | 16063 |
| 2.972% due 02/04/2033 •  | 27000 | 24701 |
| 3.593% due 07/21/2028 •  | 8000 | 7948 |
| 3.824% due 01/20/2028 •  | 1800 | 1796 |
| 3.970% due 03/05/2029 •  | 18700 | 18674 |
| 4.571% due 04/27/2033 •  | 16600 | 16564 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 5.015% due 07/22/2033 •  | 6500 | 6630 |
| 5.288% due 04/25/2034 •  | 12800 | 13182 |
| 5.511% due 01/24/2036 •  | 2500 | 2608 |
| 5.819% due 09/15/2029 •  | 7600 | 7934 |
| 8.050% due 06/15/2027  | 8000 | 8400 |
| **Bank of America NA**  |  |  |
| 5.526% due 08/18/2026  | 10000 | 10092 |
| 6.000% due 10/15/2036  | 4600 | 4996 |
| **Bank of Montreal** <br>4.689% due 06/28/2028 (n) | 5000 | 5113 |
| **Bank of Nova Scotia**  |  |  |
| 6.821% (TSFR3M + 2.910%) due 04/12/2026 ~(j)(k)  | 368 | 367 |
| 8.000% due 01/27/2084 •(k)  | 2600 | 2795 |
| **Barclays PLC**  |  |  |
| 4.375% due 01/12/2026  | 25977 | 25979 |
| 5.335% due 09/10/2035 •  | 6300 | 6404 |
| 5.690% due 03/12/2030 •  | 2700 | 2810 |
| 5.851% due 03/21/2035 •  | 2000 | 2774 |
| 6.224% due 05/09/2034 •  | $12200 | 13125 |
| 6.496% due 09/13/2027 •  | 8862 | 9002 |
| 6.692% due 09/13/2034 •  | 3700 | 4098 |
| 7.437% due 11/02/2033 •  | 4300 | 4919 |
| 8.375% due 09/15/2031 •(j)(k)  | 5800 | 8389 |
| 9.250% due 09/15/2028 •(j)(k)  | 3000 | 4367 |
| 9.625% due 12/15/2029 •(j)(k)  | $5500 | 6254 |
| **Bayou Re Ltd.**  |  |  |
| 11.962% (BNMMDTSC + 8.332%) due 04/30/2031 ~  | 900 | 954 |
| 22.130% (BNMMDTSC + 18.500%) due 04/30/2031 ~  | 1100 | 1221 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico**  |  |  |
| 7.625% due 02/11/2035 •(k)  | 4000 | 4210 |
| 8.125% due 01/08/2039 •(k)  | 10000 | 10825 |
| 8.450% due 06/29/2038 •(k)  | 14600 | 16157 |
| **BGC Group, Inc.**  |  |  |
| 6.150% due 04/02/2030  | 8600 | 8917 |
| 8.000% due 05/25/2028  | 5000 | 5346 |
| **Blackstone Holdings Finance Co. LLC**  |  |  |
| 1.500% due 04/10/2029  | 12000 | 13501 |
| 2.000% due 01/30/2032  | $900 | 776 |
| 2.800% due 09/30/2050  | 5300 | 3281 |
| 4.450% due 07/15/2045  | 1300 | 1123 |
| 5.000% due 06/15/2044  | 3900 | 3638 |
| **Blackstone Secured Lending Fund** <br>5.875% due 11/15/2027 | 12200 | 12464 |
| **Blue Owl Finance LLC**  |  |  |
| 4.125% due 10/07/2051  | 5900 | 4156 |
| 4.375% due 02/15/2032  | 11700 | 11144 |
| 6.250% due 04/18/2034  | 4200 | 4333 |
| **Blue Ridge Re Ltd.**  |  |  |
| 7.080% (FHMMUSTF + 3.500%) due 01/08/2029 ~  | 250 | 250 |
| 9.580% (FHMMUSTF + 6.000%) due 01/08/2029 ~  | 250 | 250 |
| 11.580% (FHMMUSTF + 8.000%) due 01/08/2029 ~  | 250 | 250 |
| **BNP Paribas SA**  |  |  |
| 4.400% due 08/14/2028  | 4900 | 4911 |
| 7.375% due 09/10/2034 •(j)(k)  | 25900 | 27128 |
| 8.500% due 08/14/2028 •(j)(k)  | 5500 | 5852 |
| **Boston Properties LP** <br>5.750% due 01/15/2035 | 3500 | 3602 |
| **BPCE SA**  |  |  |
| 5.716% due 01/18/2030 •  | 5250 | 5437 |
| 5.936% due 05/30/2035 •  | 7600 | 7928 |
| 6.612% due 10/19/2027 •  | 13000 | 13249 |
| 7.003% due 10/19/2034 •  | 6006 | 6691 |
| **Broadstone Net Lease LLC**  |  |  |
| 2.600% due 09/15/2031  | 2900 | 2570 |
| 5.000% due 11/01/2032  | 1000 | 1004 |
| **Brookfield Capital Finance LLC** <br>6.087% due 06/14/2033 | 6300 | 6751 |
| **Brookfield Finance, Inc.**  |  |  |
| 3.500% due 03/30/2051  | 6400 | 4454 |
| 3.900% due 01/25/2028  | 5600 | 5584 |
| 4.850% due 03/29/2029  | 4825 | 4906 |
| 5.330% due 01/15/2036  | 23000 | 23044 |
| **Brown & Brown, Inc.**  |  |  |
| 4.700% due 06/23/2028  | 4780 | 4839 |
| 4.950% due 03/17/2052  | 1500 | 1310 |
| 5.650% due 06/11/2034  | 4800 | 4965 |
| **Canary Wharf Group Investment Holdings PLC** <br>1.750% due 04/07/2026 | 3800 | 4435 |
| **Cantor Fitzgerald LP**  |  |  |
| 4.500% due 04/14/2027  | $300 | 300 |
| 7.200% due 12/12/2028  | 16300 | 17334 |
| **Cape Lookout Re Ltd.**  |  |  |
| 10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~  | 1200 | 1272 |
| 12.287% (GSMMUSTF + 8.702%) due 04/05/2027 ~  | 12000 | 12437 |
| **Capital One Financial Corp.** <br>6.312% due 06/08/2029 •  | 4700 | 4933 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Carlyle Finance Subsidiary LLC** <br>3.500% due 09/19/2029 | 3000 | 2920 |
| **CBRE Services, Inc.** <br>5.950% due 08/15/2034 | 7600 | 8138 |
| **Charles River Re Ltd.** <br>11.262% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 300 | 314 |
| **CI Financial Corp.**  |  |  |
| 3.200% due 12/17/2030  | 4300 | 3898 |
| 4.625% due 12/12/2031  | 8300 | 9831 |
| 7.500% due 05/30/2029  | $1700 | 1809 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | 13400 | 13686 |
| **Citadel LP** <br>6.000% due 01/23/2030 | 2100 | 2195 |
| **Citibank NA**  |  |  |
| 5.488% due 12/04/2026  | 9000 | 9120 |
| 5.570% due 04/30/2034  | 1000 | 1058 |
| **Citigroup, Inc.**  |  |  |
| 3.200% due 10/21/2026  | 15990 | 15900 |
| 3.668% due 07/24/2028 •  | 2200 | 2187 |
| 3.785% due 03/17/2033 •  | 2038 | 1946 |
| 3.887% due 01/10/2028 •  | 6000 | 5990 |
| 4.075% due 04/23/2029 •  | 1260 | 1259 |
| 5.174% due 02/13/2030 •  | 5600 | 5748 |
| 5.449% due 06/11/2035 •  | 11913 | 12342 |
| **CNA Financial Corp.** <br>5.500% due 06/15/2033 | 5000 | 5194 |
| **Constellation Global Funding** <br>4.850% due 10/22/2030 | 3200 | 3178 |
| **Consumers Securitization Funding LLC**  |  |  |
| 5.210% due 09/01/2031  | 200 | 206 |
| 5.550% due 03/01/2028  | 172 | 174 |
| **Cooperatieve Rabobank UA**  |  |  |
| 3.750% due 07/21/2026  | 510 | 509 |
| 4.375% due 06/29/2027 •(j)(k)  | 6000 | 7096 |
| **COPT Defense Properties LP** <br>2.250% due 03/15/2026 | $7833 | 7799 |
| **Corebridge Financial, Inc.**  |  |  |
| 3.650% due 04/05/2027  | 6200 | 6164 |
| 3.850% due 04/05/2029  | 4300 | 4233 |
| 6.375% due 09/15/2054 •  | 1000 | 1008 |
| 6.875% due 12/15/2052 •  | 5500 | 5635 |
| **Corebridge Global Funding** <br>4.900% due 01/07/2028 | 2700 | 2747 |
| **Corestate Capital Holding SA (8.000% Cash or 9.000% PIK)** <br>8.000% due 12/31/2028 (c) | 229 | 144 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | $12400 | 11372 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>10.100% due 12/15/2043 | 6000 | 1941 |
| **Credit Agricole SA** <br>7.250% due 09/23/2028 •(j)(k) | 12100 | 15243 |
| **Credit Opportunities Partners LLC**  |  |  |
| 6.520% due 03/20/2028 «(l)  | $3200 | 3239 |
| 6.740% due 03/20/2030 «(l)  | 3800 | 3871 |
| **Crown Castle, Inc.**  |  |  |
| 3.650% due 09/01/2027  | 2443 | 2425 |
| 3.700% due 06/15/2026  | 4230 | 4221 |
| 3.800% due 02/15/2028  | 15524 | 15406 |
| 4.000% due 03/01/2027  | 3100 | 3094 |
| 4.450% due 02/15/2026  | 11372 | 11371 |
| **CubeSmart LP**  |  |  |
| 2.250% due 12/15/2028  | 3200 | 3037 |
| 4.375% due 02/15/2029  | 3625 | 3639 |
| **DAE Sukuk Difc Ltd.** <br>3.750% due 02/15/2026 | 19100 | 19065 |
| **Danske Bank AS** <br>5.427% due 03/01/2028 •  | 3000 | 3047 |
| **Deutsche Bank AG**  |  |  |
| 2.552% due 01/07/2028 •  | 1300 | 1279 |
| 4.999% due 09/11/2030 •  | 300 | 305 |
| 5.373% due 01/10/2029 •  | 965 | 985 |
| 5.625% due 05/19/2031 •  | 5500 | 6487 |
| **Digital Dutch Finco BV** <br>1.500% due 03/15/2030 | 11100 | 12166 |
| **Digital Stout Holding LLC** <br>3.750% due 10/17/2030 | 1100 | 1417 |
| **DOC Dr. LLC** <br>3.950% due 01/15/2028 | $5400 | 5374 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 7900 | 7110 |
| **East Lane Re VII Ltd.**  |  |  |
| 12.042% (T-BILL 3MO + 8.500%) due 03/31/2032 ~  | 500 | 500 |
| 12.550% (JMMMUSTF + 8.890%) due 03/31/2026 ~  | 5700 | 5805 |
| **Encore Capital Group, Inc.** <br>8.500% due 05/15/2030 | 3700 | 3982 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **EPR Properties**  |  |  |
| 3.600% due 11/15/2031  | 4600 | 4271 |
| 4.500% due 06/01/2027  | 9400 | 9420 |
| 4.750% due 12/15/2026  | 8000 | 8025 |
| 4.750% due 11/15/2030  | 1500 | 1489 |
| 4.950% due 04/15/2028  | 2600 | 2621 |
| **Equinix Europe 2 Financing Corp. LLC** <br>4.000% due 05/19/2034 | 7100 | 8374 |
| **Equinix, Inc.** <br>2.150% due 07/15/2030 | $2200 | 1997 |
| **Equitable Financial Life Global Funding** <br>4.875% due 11/19/2027 | 2000 | 2034 |
| **Equitable Holdings, Inc.** <br>6.700% due 03/28/2055 •  | 12600 | 13188 |
| **Erste Group Bank AG**  |  |  |
| 4.250% due 10/15/2027 •(j)(k)  | 200 | 235 |
| 8.500% due 10/15/2028 •(j)(k)  | 5800 | 7579 |
| **Essex Portfolio LP**  |  |  |
| 2.550% due 06/15/2031  | $2381 | 2164 |
| 2.650% due 03/15/2032  | 2500 | 2233 |
| 5.500% due 04/01/2034  | 4032 | 4187 |
| **Everglades Re II Ltd.**  |  |  |
| 14.121% (GSMMUSTI + 10.500%) due 05/13/2031 ~  | 300 | 316 |
| 15.121% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 300 | 316 |
| 16.371% (GSMMUSTI + 12.750%) due 05/13/2031 ~  | 300 | 318 |
| **Extra Space Storage LP**  |  |  |
| 3.875% due 12/15/2027  | 3987 | 3978 |
| 4.950% due 01/15/2033  | 6400 | 6483 |
| **F&G Global Funding**  |  |  |
| 5.065% (SOFRRATE + 1.325%) due 09/08/2028 ~  | 11300 | 11373 |
| 5.875% due 06/10/2027  | 4000 | 4087 |
| 5.875% due 01/16/2030  | 5600 | 5818 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 2.750% due 03/29/2028  | 16400 | 19154 |
| 4.625% due 04/29/2030  | $7700 | 7732 |
| 6.000% due 12/07/2033  | 6300 | 6695 |
| 6.350% due 03/22/2054  | 1400 | 1455 |
| **Fidelity National Financial, Inc.** <br>3.200% due 09/17/2051 | 3975 | 2527 |
| **Fish Pond Re Ltd.** <br>7.630% (BRMMUSDF + 4.020%) due 01/08/2027 ~ | 4000 | 4075 |
| **FMR LLC** <br>6.500% due 12/14/2040 | 1000 | 1110 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | 2700 | 2674 |
| 2.900% due 02/16/2028  | 1394 | 1343 |
| 3.815% due 11/02/2027  | 1947 | 1918 |
| 4.125% due 08/17/2027  | 4372 | 4338 |
| 4.389% due 01/08/2026  | 1200 | 1200 |
| 4.950% due 05/28/2027  | 10360 | 10404 |
| 5.113% due 05/03/2029  | 200 | 200 |
| 5.125% due 11/05/2026  | 3000 | 3017 |
| 5.800% due 03/05/2027  | 5800 | 5875 |
| 5.800% due 03/08/2029  | 11214 | 11462 |
| 5.850% due 05/17/2027  | 7620 | 7740 |
| 5.918% due 03/20/2028  | 7682 | 7865 |
| 6.054% due 11/05/2031  | 2401 | 2463 |
| 6.798% due 11/07/2028  | 522 | 548 |
| 6.950% due 03/06/2026  | 2887 | 2894 |
| 6.950% due 06/10/2026  | 3985 | 4020 |
| 7.350% due 11/04/2027  | 13513 | 14114 |
| 7.350% due 03/06/2030  | 2800 | 3006 |
| **Fortitude Group Holdings LLC** <br>6.250% due 04/01/2030 | 5400 | 5629 |
| **Franklin Resources, Inc.** <br>2.950% due 08/12/2051 | 3700 | 2346 |
| **FS KKR Capital Corp.**  |  |  |
| 6.125% due 01/15/2030  | 8200 | 8075 |
| 6.875% due 08/15/2029  | 9600 | 9682 |
| 7.875% due 01/15/2029  | 6400 | 6628 |
| **GA Global Funding Trust**  |  |  |
| 4.500% due 09/18/2030  | 10000 | 9900 |
| 5.200% due 12/09/2031  | 3000 | 3046 |
| 5.500% due 01/08/2029  | 5000 | 5142 |
| 5.900% due 01/13/2035  | 6800 | 6975 |
| **Global Atlantic Fin Co.** <br>4.400% due 10/15/2029 | 15800 | 15568 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 3.250% due 01/15/2032  | 12000 | 10889 |
| 4.000% due 01/15/2030  | 3200 | 3120 |
| 4.000% due 01/15/2031  | 3300 | 3172 |
| 5.250% due 02/15/2033  | 1200 | 1205 |
| 5.300% due 01/15/2029  | 17292 | 17605 |
| 5.625% due 09/15/2034  | 10000 | 10154 |
| 5.750% due 06/01/2028  | 6300 | 6487 |
| 5.750% due 11/01/2037  | 9300 | 9284 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 6.250% due 09/15/2054  | 6300 | 6270 |
| 6.750% due 12/01/2033  | 4740 | 5173 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 1200 | 1201 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.383% due 07/21/2032 •  | 4200 | 3763 |
| 2.615% due 04/22/2032 •  | 7000 | 6385 |
| 3.691% due 06/05/2028 •  | 26100 | 25969 |
| 4.223% due 05/01/2029 •  | 27247 | 27327 |
| 5.016% due 10/23/2035 •  | 17300 | 17399 |
| 5.049% due 07/23/2030 •  | 17900 | 18345 |
| 5.536% due 01/28/2036 •  | 4500 | 4673 |
| 5.734% due 01/28/2056 •  | 10000 | 10114 |
| 6.484% due 10/24/2029 •  | 17000 | 18035 |
| **Goodman U.S. Finance Four LLC** <br>4.500% due 10/15/2037 | 4100 | 3833 |
| **Goodman U.S. Finance Six LLC** <br>5.125% due 10/07/2034 | 1300 | 1309 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 21100 | 20902 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 500 | 520 |
| **HA Sustainable Infrastructure Capital, Inc.**  |  |  |
| 6.150% due 01/15/2031  | 18800 | 19336 |
| 6.375% due 07/01/2034  | 3100 | 3159 |
| **Handshake Re Ltd.** <br>4.160% (JMMMUSTF + 4.500%) due 01/08/2030 ~ | 250 | 250 |
| **Hanover Insurance Group, Inc.** <br>2.500% due 09/01/2030 | 4800 | 4370 |
| **Hardwood Funding LLC**  |  |  |
| 4.840% due 06/07/2028 «(l)  | 3900 | 3943 |
| 4.980% due 06/07/2030 «(l)  | 3900 | 3966 |
| 5.160% due 06/07/2032 «(l)  | 3900 | 3989 |
| **HAT Holdings I LLC/HAT Holdings II LLC**  |  |  |
| 3.750% due 09/15/2030  | 400 | 371 |
| 8.000% due 06/15/2027  | 2321 | 2411 |
| **Highwoods Realty LP**  |  |  |
| 3.050% due 02/15/2030  | 5600 | 5222 |
| 4.125% due 03/15/2028  | 2200 | 2183 |
| 4.200% due 04/15/2029  | 4000 | 3945 |
| **Host Hotels & Resorts LP**  |  |  |
| 2.900% due 12/15/2031  | 2000 | 1813 |
| 3.375% due 12/15/2029  | 6300 | 6053 |
| 3.500% due 09/15/2030  | 4900 | 4676 |
| 5.500% due 04/15/2035  | 100 | 101 |
| 5.700% due 06/15/2032  | 1000 | 1045 |
| **HPS Corporate Lending Fund** <br>5.950% due 04/14/2032 | 4000 | 4060 |
| **HSBC Holdings PLC**  |  |  |
| 5.130% due 03/03/2031 •  | 6500 | 6664 |
| 5.875% due 09/28/2026 •(j)(k)  | 14400 | 19478 |
| **Hudson Pacific Properties LP** <br>3.250% due 01/15/2030 | $10000 | 8464 |
| **Indian Railway Finance Corp. Ltd.** <br>2.800% due 02/10/2031 | 3000 | 2769 |
| **ING Groep NV**  |  |  |
| 4.250% due 05/16/2031 •(j)(k)  | 2900 | 2614 |
| 5.750% due 11/16/2026 •(j)(k)  | 1800 | 1810 |
| **Intercontinental Exchange, Inc.**  |  |  |
| 1.850% due 09/15/2032  | 12800 | 10908 |
| 4.350% due 06/15/2029  | 3300 | 3331 |
| **Intesa Sanpaolo SpA**  |  |  |
| 4.950% due 06/01/2042 •  | 5900 | 5036 |
| 5.710% due 01/15/2026  | 2200 | 2201 |
| 6.625% due 06/20/2033  | 7416 | 8177 |
| 7.200% due 11/28/2033  | 8869 | 10134 |
| 7.778% due 06/20/2054 •  | 6300 | 7491 |
| 7.800% due 11/28/2053  | 700 | 856 |
| 8.248% due 11/21/2033 •  | 17000 | 20082 |
| **Invitation Homes Operating Partnership LP**  |  |  |
| 2.000% due 08/15/2031  | 2000 | 1750 |
| 2.700% due 01/15/2034  | 15300 | 13083 |
| 4.150% due 04/15/2032  | 2000 | 1942 |
| 4.875% due 02/01/2035  | 600 | 594 |
| 5.450% due 08/15/2030  | 5200 | 5415 |
| 5.500% due 08/15/2033  | 8750 | 9085 |
| **Itau Unibanco Holding SA** <br>6.000% due 02/27/2030 (n) | 23700 | 24604 |
| **JAB Holdings BV** <br>2.200% due 11/23/2030 | 7153 | 6376 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.182% due 06/01/2028 •  | 11900 | 11609 |
| 2.545% due 11/08/2032 •  | 10000 | 9028 |
| 2.580% due 04/22/2032 •  | 9600 | 8778 |
| 2.739% due 10/15/2030 •  | 22000 | 20878 |
| 3.540% due 05/01/2028 •  | 10100 | 10046 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 3.702% due 05/06/2030 •  | 16000 | 15764 |
| 3.782% due 02/01/2028 •  | 7900 | 7884 |
| 4.005% due 04/23/2029 •  | 21000 | 20984 |
| 4.203% due 07/23/2029 •  | 300 | 301 |
| 4.603% due 10/22/2030 •  | 6100 | 6187 |
| 4.810% due 10/22/2036 •  | 1600 | 1589 |
| 4.912% due 07/25/2033 •(n)  | 33672 | 34313 |
| 4.946% due 10/22/2035 •  | 8000 | 8082 |
| 5.140% due 01/24/2031 •  | 4300 | 4445 |
| 5.294% due 07/22/2035 •  | 11900 | 12281 |
| 5.350% due 06/01/2034 •  | 46600 | 48433 |
| 5.534% due 11/29/2045 •  | 18000 | 18292 |
| 6.087% due 10/23/2029 •  | 14800 | 15593 |
| **JPMorgan Chase Bank NA** <br>5.110% due 12/08/2026 | 10000 | 10110 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 407 | 35 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (c) | 1357 | 28 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (c) | 2272 | 43 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (c) | 2738 | 43 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (c) | 4126 | 69 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (c) | 3880 | 59 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (c) | 928 | 23 |
| **KBC Group NV**  |  |  |
| 6.250% due 09/17/2031 •(j)(k)  | 3600 | 4444 |
| 8.000% due 09/05/2028 •(j)(k)  | 600 | 777 |
| **Kilroy Realty LP**  |  |  |
| 2.500% due 11/15/2032  | $7800 | 6518 |
| 2.650% due 11/15/2033  | 2472 | 2029 |
| 3.050% due 02/15/2030  | 6796 | 6329 |
| 6.250% due 01/15/2036  | 3500 | 3620 |
| **Kizuna RE III Pte. Ltd.** <br>6.292% (T-BILL 3MO + 2.750%) due 04/09/2029 ~ | 1046 | 1071 |
| **KKR Financial Holdings LLC** <br>5.400% due 05/23/2033 | 10000 | 9748 |
| **Lazard Group LLC**  |  |  |
| 4.375% due 03/11/2029  | 3046 | 3053 |
| 4.500% due 09/19/2028  | 3500 | 3525 |
| 6.000% due 03/15/2031  | 8700 | 9225 |
| **Lehman Brothers Holdings, Inc.** <br>4.800% due 09/17/2049 ^(d) | 300 | 0 |
| **Lloyds Bank PLC** <br>0.000% due 04/02/2032 þ | 6200 | 4654 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.750% due 01/11/2027  | 2600 | 2597 |
| 4.375% due 03/22/2028  | 500 | 503 |
| 4.943% due 11/04/2036 •  | 2200 | 2177 |
| 5.985% due 08/07/2027 •  | 1800 | 1820 |
| 6.068% due 06/13/2036 •  | 13100 | 13780 |
| 8.500% due 09/27/2027 •(j)(k)  | 19500 | 27566 |
| **Logicor Financing SARL** <br>1.625% due 07/15/2027 | 4000 | 4634 |
| **Longleaf Pine Re Ltd.** <br>21.553% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | $3200 | 3519 |
| **LPL Holdings, Inc.** <br>5.650% due 03/15/2035 | 8000 | 8205 |
| **Luca RE Ltd.** <br>10.910% (JMMMUSTF + 7.250%) due 07/22/2031 ~ | 1000 | 1033 |
| **Marex Group PLC** <br>5.829% due 05/08/2028 | 2900 | 2950 |
| **Marsh & McLennan Cos., Inc.**  |  |  |
| 5.000% due 03/15/2035  | 16600 | 16822 |
| 5.350% due 11/15/2044  | 1900 | 1865 |
| 5.400% due 03/15/2055  | 9000 | 8671 |
| 5.700% due 09/15/2053  | 4300 | 4340 |
| **MassMutual Global Funding II** <br>3.400% due 03/08/2026 | 1600 | 1598 |
| **Meiji Yasuda Life Insurance Co.** <br>6.100% due 06/11/2055 •  | 7100 | 7370 |
| **Mercury General Corp.** <br>4.400% due 03/15/2027 | 2313 | 2312 |
| **MetLife, Inc.** <br>10.750% due 08/01/2069 | 4000 | 5353 |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 1.538% due 07/20/2027 •  | 4200 | 4142 |
| 2.048% due 07/17/2030  | 3200 | 2909 |
| 5.133% due 07/20/2033 •  | 29400 | 30206 |
| 5.188% due 09/12/2036 •  | 5000 | 5082 |
| 5.354% due 09/13/2028 •  | 5200 | 5320 |
| 5.426% due 04/17/2035 •  | 2000 | 2079 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 5.574% due 01/16/2036 •  | 5900 | 6186 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 1.979% due 09/08/2031 •  | 17200 | 15464 |
| 2.869% due 09/13/2030 •  | 7800 | 7418 |
| 5.594% due 07/10/2035 •  | 2000 | 2099 |
| **MMIFS Re Ltd.** <br>5.208% (CAONINDX + 2.900%) due 01/10/2033 ~ | 300 | 219 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(l)  | $15800 | 11589 |
| 1.593% due 05/04/2027 •  | 9600 | 9517 |
| 1.794% due 02/13/2032 •  | 36100 | 31742 |
| 2.239% due 07/21/2032 •  | 20000 | 17777 |
| 2.475% due 01/21/2028 •  | 2000 | 1968 |
| 3.622% due 04/01/2031 •  | 3600 | 3499 |
| 3.772% due 01/24/2029 •  | 2504 | 2490 |
| 4.356% due 10/22/2031 •  | 7300 | 7278 |
| 4.431% due 01/23/2030 •  | 1500 | 1509 |
| 4.654% due 10/18/2030 •  | 14600 | 14780 |
| 5.042% due 07/19/2030 •  | 9400 | 9640 |
| 5.123% due 02/01/2029 •  | 11600 | 11843 |
| 5.173% due 01/16/2030 •  | 17400 | 17873 |
| 5.230% due 01/15/2031 •  | 12100 | 12484 |
| 5.250% due 04/21/2034 •  | 1700 | 1751 |
| 5.424% due 07/21/2034 •  | 13800 | 14361 |
| 5.466% due 01/18/2035 •  | 5000 | 5199 |
| 5.587% due 01/18/2036 •  | 7900 | 8258 |
| 6.250% due 08/09/2026  | 269 | 273 |
| 6.407% due 11/01/2029 •  | 12000 | 12721 |
| **Morgan Stanley Bank NA** <br>5.882% due 10/30/2026 | 27000 | 27412 |
| **Morgan Stanley Private Bank NA**  |  |  |
| 4.204% due 11/17/2028 •  | 17000 | 17056 |
| 4.734% due 07/18/2031 •  | 6000 | 6083 |
| **Mutual of Omaha Cos Global Funding**  |  |  |
| 5.350% due 04/09/2027  | 14709 | 14937 |
| 5.450% due 12/12/2028  | 3000 | 3107 |
| **National Health Investors, Inc.** <br>3.000% due 02/01/2031 | 1500 | 1364 |
| **Nationwide Building Society**  |  |  |
| 3.960% due 07/18/2030 •  | 3725 | 3674 |
| 7.875% due 12/20/2031 •(j)(k)  | 2300 | 3279 |
| **Nationwide Financial Services, Inc.** <br>3.900% due 11/30/2049 | $5300 | 4023 |
| **NatWest Group PLC**  |  |  |
| 5.034% (SOFRRATE + 1.250%) due 03/01/2028 ~  | 2900 | 2920 |
| 5.125% due 05/12/2027 •(j)(k)  | 30060 | 40302 |
| 7.300% due 11/19/2034 •(j)(k)  | $3500 | 3715 |
| 7.625% due 09/30/2035 •(j)(k)(n)  | 8000 | 11243 |
| **Neuberger Berman Group LLC/Neuberger Berman Finance Corp.** <br>4.500% due 03/15/2027 | $7800 | 7816 |
| **New Immo Holding SA**  |  |  |
| 2.750% due 11/26/2026  | 4500 | 5275 |
| 4.875% due 12/08/2028  | 6000 | 7162 |
| **New York Life Insurance Co.** <br>4.450% due 05/15/2069 | $3500 | 2738 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 8200 | 8804 |
| **Nippon Life Insurance Co.** <br>6.250% due 09/13/2053 •  | 8000 | 8484 |
| **Nissan Motor Acceptance Co. LLC** <br>2.750% due 03/09/2028 | 7400 | 7037 |
| **NLG Global Funding** <br>5.400% due 01/23/2030 | 12100 | 12444 |
| **Nomura Holdings, Inc.**  |  |  |
| 2.172% due 07/14/2028  | 4600 | 4383 |
| 5.035% (SOFRRATE + 1.250%) due 07/02/2027 ~  | 12500 | 12601 |
| 5.594% due 07/02/2027  | 3500 | 3578 |
| 5.709% due 01/09/2026  | 11200 | 11203 |
| 5.842% due 01/18/2028  | 15000 | 15493 |
| 7.000% due 07/15/2030 •(j)(k)  | 7800 | 8040 |
| **Nordea Bank Abp** <br>3.750% due 03/01/2029 •(j)(k) | 1100 | 1047 |
| **Norinchukin Bank** <br>5.094% due 10/16/2029 | 517 | 527 |
| **Nykredit Realkredit AS**  |  |  |
| 1.000% due 10/01/2050  | 59137 | 7254 |
| 1.000% due 10/01/2053  | 1871 | 216 |
| 1.500% due 10/01/2052  | 28997 | 3578 |
| 1.500% due 10/01/2053  | 73180 | 9270 |
| **Omega Healthcare Investors, Inc.**  |  |  |
| 3.250% due 04/15/2033  | $5274 | 4697 |
| 4.750% due 01/15/2028  | 700 | 706 |
| **OneMain Finance Corp.**  |  |  |
| 5.375% due 11/15/2029  | 4500 | 4505 |
| 7.875% due 03/15/2030  | 3200 | 3386 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 250 | 306 |
| **Pacific Life Global Funding II**  |  |  |
| 4.496% (SOFRRATE + 0.600%) due 01/27/2028 ~  | $21000 | 21020 |
| 4.850% due 02/10/2030  | 1100 | 1126 |
| **Palm RE Ltd.** <br>13.330% (BNMMDTSC + 9.700%) due 06/09/2031 ~ | 300 | 317 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (g) | 8600 | 6641 |
| **Phillips Edison Grocery Center Operating Partnership I LP** <br>5.750% due 07/15/2034 | 2800 | 2936 |
| **Piedmont Operating Partnership LP** <br>6.875% due 07/15/2029 | 4800 | 5101 |
| **Pinnacol Assurance** <br>8.625% due 06/25/2034 «(l) | 6000 | 6485 |
| **Polestar Re Ltd.**  |  |  |
| 10.542% (T-BILL 3MO + 7.000%) due 01/08/2029 ~  | 250 | 250 |
| 12.542% (T-BILL 3MO + 9.000%) due 01/08/2029 ~  | 250 | 250 |
| 14.042% (T-BILL 3MO + 10.500%) due 01/08/2029 ~  | 250 | 250 |
| 14.110% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 1000 | 1052 |
| 16.860% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 4000 | 4174 |
| **Popular, Inc.** <br>7.250% due 03/13/2028 | 3400 | 3586 |
| **Principal Financial Group, Inc.** <br>4.111% due 02/15/2028 | 3500 | 3496 |
| **Principal Life Global Funding II** <br>3.000% due 04/18/2026 | 1800 | 1795 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 9500 | 6971 |
| **Protective Life Corp.**  |  |  |
| 3.400% due 01/15/2030  | $7000 | 6755 |
| 4.300% due 09/30/2028  | 10900 | 10943 |
| **Protective Life Global Funding** <br>5.432% due 01/14/2032 | 5000 | 5210 |
| **Public Storage Operating Co.** <br>0.500% due 09/09/2030 | 2200 | 2288 |
| **Purple Re Ltd.** <br>12.786% (JMMMUSTF + 9.126%) due 06/06/2031 ~ | $3400 | 3581 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 400 | 470 |
| **Quercus Re DAC** <br>10.050% (EUR003M + 8.000%) due 01/06/2031 ~ | 300 | 361 |
| **Radian Group, Inc.** <br>6.200% due 05/15/2029 | $1600 | 1678 |
| **Realty Income Corp.**  |  |  |
| 3.200% due 01/15/2027  | 5100 | 5061 |
| 4.450% due 09/15/2026  | 4100 | 4105 |
| 4.875% due 06/01/2026  | 4670 | 4682 |
| **Regency Centers LP** <br>3.600% due 02/01/2027 | 880 | 876 |
| **Reliance Standard Life Global Funding II** <br>2.750% due 01/21/2027 | 160 | 158 |
| **Rexford Industrial Realty LP** <br>2.125% due 12/01/2030 | 6300 | 5644 |
| **RGA Global Funding**  |  |  |
| 2.700% due 01/18/2029  | 4300 | 4106 |
| 5.250% due 01/09/2030  | 8000 | 8275 |
| 5.500% due 01/11/2031  | 6000 | 6245 |
| 6.000% due 11/21/2028  | 4100 | 4305 |
| **Royal Bank of Scotland International Ltd.** <br>4.660% due 12/16/2028 «(l) | 10000 | 9991 |
| **Sabra Health Care LP**  |  |  |
| 3.200% due 12/01/2031  | 650 | 596 |
| 3.900% due 10/15/2029  | 3213 | 3153 |
| **Sammons Financial Group Global Funding** <br>5.050% due 01/10/2028 | 1000 | 1017 |
| **Sammons Financial Group, Inc.**  |  |  |
| 3.350% due 04/16/2031  | 3050 | 2830 |
| 6.875% due 04/15/2034  | 18968 | 20816 |
| **Santander Holdings USA, Inc.**  |  |  |
| 3.244% due 10/05/2026  | 15533 | 15440 |
| 5.353% due 09/06/2030 •  | 7821 | 8003 |
| 5.473% due 03/20/2029 •  | 10800 | 11039 |
| **Santander U.K. Group Holdings PLC** <br>4.320% due 09/22/2029 •  | 10000 | 10011 |
| **SBA Tower Trust**  |  |  |
| 1.631% due 05/15/2051  | 3800 | 3718 |
| 1.884% due 07/15/2050  | 21000 | 20977 |
| **SBL Holdings, Inc.**  |  |  |
| 5.900% due 09/26/2028  | 2700 | 2689 |
| 7.200% due 10/30/2034  | 1500 | 1453 |
| **Sixth Street Lending Partners**  |  |  |
| 5.750% due 01/15/2030  | 4300 | 4360 |
| 6.125% due 07/15/2030  | 9600 | 9857 |
| 6.500% due 03/11/2029  | 8600 | 8922 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Standard Chartered Bank** <br>4.853% due 12/03/2027 | 5000 | 5112 |
| **Standard Chartered PLC** <br>3.603% due 01/12/2033 •  | 8100 | 7493 |
| **Stifel Financial Corp.** <br>4.000% due 05/15/2030 | 9800 | 9606 |
| **Store Capital LLC**  |  |  |
| 2.700% due 12/01/2031  | 3800 | 3363 |
| 2.750% due 11/18/2030  | 3200 | 2918 |
| 5.400% due 04/30/2030  | 5300 | 5406 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 2.130% due 07/08/2030  | 2300 | 2096 |
| 2.750% due 01/15/2030  | 4700 | 4428 |
| 5.424% due 07/09/2031  | 6500 | 6805 |
| 5.464% due 01/13/2026  | 6372 | 6375 |
| 5.558% due 07/09/2034  | 9400 | 9904 |
| 5.632% due 01/15/2035  | 36000 | 38147 |
| **Sun Communities Operating LP**  |  |  |
| 2.700% due 07/15/2031  | 5800 | 5274 |
| 4.200% due 04/15/2032  | 7765 | 7540 |
| **Synchrony Financial** <br>3.700% due 08/04/2026 | 4100 | 4086 |
| **Tesco Property Finance 4 PLC** <br>5.801% due 10/13/2040 | 5574 | 7602 |
| **Tesco Property Finance 5 PLC** <br>5.661% due 10/13/2041 | 3058 | 4124 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.696% (JMMMUSTF + 6.036%) due 06/07/2032 ~  | $1000 | 1047 |
| 10.766% (JMMMUSTF + 7.106%) due 06/07/2032 ~  | 500 | 522 |
| 12.988% (BRMMUSDF + 9.378%) due 06/05/2031 ~  | 300 | 306 |
| **Truist Financial Corp.** <br>7.161% due 10/30/2029 •  | 5800 | 6258 |
| **Trust 2401**  |  |  |
| 4.869% due 01/15/2030 (n)  | 1107 | 1091 |
| 6.390% due 01/15/2050  | 1127 | 1087 |
| 6.950% due 01/30/2044  | 1663 | 1739 |
| **Trust Fibra Uno**  |  |  |
| 4.869% due 01/15/2030 (n)  | 943 | 923 |
| 6.390% due 01/15/2050  | 573 | 543 |
| 6.950% due 01/30/2044  | 320 | 324 |
| **U.S. Bancorp** <br>6.787% due 10/26/2027 •  | 32650 | 33373 |
| **UBS AG** <br>1.250% due 08/07/2026 | 2700 | 2660 |
| **UBS Group AG**  |  |  |
| 1.494% due 08/10/2027 •  | 11100 | 10925 |
| 2.095% due 02/11/2032 •  | 7600 | 6745 |
| 2.746% due 02/11/2033 •  | 4500 | 4038 |
| 4.151% due 12/23/2029 •  | 20000 | 19982 |
| 4.194% due 04/01/2031 •  | 14600 | 14466 |
| 5.428% due 02/08/2030 •  | 12000 | 12415 |
| 5.617% due 09/13/2030 •  | 15100 | 15778 |
| 6.246% due 09/22/2029 •  | 12800 | 13477 |
| 7.000% due 02/05/2035 •(j)(k)  | 7000 | 7174 |
| 9.250% due 11/13/2028 •(j)(k)  | 7000 | 7701 |
| **UDR, Inc.** <br>3.500% due 01/15/2028 | 7425 | 7344 |
| **UniCredit SpA**  |  |  |
| 7.296% due 04/02/2034 •  | 5200 | 5580 |
| 7.500% due 06/03/2026 •(j)(k)  | 11000 | 13182 |
| **Unigel Netherlands Holding Corp. BV (15.000% Cash or 15.000% PIK)** <br>15.000% due 12/31/2044 ^(c)(d) | $2562 | 83 |
| **Unum Group** <br>6.000% due 06/15/2054 | 1900 | 1887 |
| **Ursa Re II Ltd.**  |  |  |
| 8.542% (T-BILL 3MO + 5.000%) due 12/07/2029 ~  | 250 | 250 |
| 11.292% (T-BILL 3MO + 7.750%) due 06/07/2028 ~  | 250 | 250 |
| **Ursa Re Ltd.** <br>11.121% (GSMMUSTI + 7.500%) due 02/22/2028 ~ | 1450 | 1479 |
| **Veraison Re Ltd.** <br>8.621% (GSMMUSTI + 5.000%) due 03/08/2033 ~ | 250 | 258 |
| **VICI Properties LP**  |  |  |
| 4.750% due 02/15/2028  | 1000 | 1010 |
| 5.125% due 11/15/2031  | 4100 | 4155 |
| 5.125% due 05/15/2032  | 12600 | 12691 |
| 5.625% due 04/01/2035  | 2000 | 2043 |
| 5.750% due 04/01/2034  | 7700 | 7950 |
| 6.125% due 04/01/2054  | 3000 | 2992 |
| **VICI Properties LP/VICI Note Co., Inc.**  |  |  |
| 3.875% due 02/15/2029  | 18650 | 18313 |
| 4.125% due 08/15/2030  | 12531 | 12157 |
| 4.500% due 01/15/2028  | 1400 | 1404 |
| 4.625% due 12/01/2029  | 2400 | 2396 |
| 5.750% due 02/01/2027  | 1650 | 1669 |
| **Voya Financial, Inc.** <br>5.000% due 09/20/2034 | 14800 | 14730 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Wells Fargo & Co.**  |  |  |
| 2.393% due 06/02/2028 •  | 30750 | 30055 |
| 3.000% due 04/22/2026  | 21809 | 21751 |
| 3.196% due 06/17/2027 •  | 10670 | 10629 |
| 3.526% due 03/24/2028 •  | 15000 | 14905 |
| 3.584% due 05/22/2028 •  | 38906 | 38662 |
| 4.892% due 09/15/2036 •  | 14900 | 14859 |
| 4.982% (SOFRRATE + 1.070%) due 04/22/2028 ~  | 11400 | 11466 |
| 5.198% due 01/23/2030 •  | 9800 | 10094 |
| 5.244% due 01/24/2031 •  | 7300 | 7563 |
| 5.557% due 07/25/2034 •  | 14300 | 15000 |
| 5.574% due 07/25/2029 •  | 17400 | 18032 |
| **Western-Southern Global Funding** <br>4.500% due 07/16/2028 | 4300 | 4337 |
| **Weyerhaeuser Co.**  |  |  |
| 4.000% due 04/15/2030  | 8363 | 8258 |
| 4.750% due 05/15/2026  | 7734 | 7751 |
| 7.350% due 07/01/2026  | 2000 | 2029 |
| 7.375% due 03/15/2032  | 5657 | 6447 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 250 | 302 |
| **WP Carey, Inc.** <br>4.250% due 10/01/2026 | $6446 | 6455 |
|  |  | 4079352 |
| **INDUSTRIALS 28.5%**  |  |  |
| **7-Eleven, Inc.**  |  |  |
| 0.950% due 02/10/2026  | 6010 | 5989 |
| 1.800% due 02/10/2031  | 26000 | 22794 |
| **AbbVie, Inc.**  |  |  |
| 4.250% due 11/21/2049  | 6700 | 5522 |
| 5.050% due 03/15/2034  | 8000 | 8224 |
| 5.200% due 03/15/2035  | 6000 | 6215 |
| 5.350% due 03/15/2044  | 10000 | 9888 |
| 5.400% due 03/15/2054  | 4200 | 4087 |
| **Adani Transmission Step-One Ltd.** <br>4.000% due 08/03/2026 | 3075 | 3053 |
| **Adnoc Murban Rsc Ltd.**  |  |  |
| 4.250% due 09/11/2029  | 11900 | 11984 |
| 4.500% due 09/11/2034  | 5000 | 4942 |
| **Adventist Health System** <br>2.952% due 03/01/2029 | 3000 | 2851 |
| **AEP Transmission Co. LLC**  |  |  |
| 2.750% due 08/15/2051  | 4800 | 2972 |
| 5.375% due 06/15/2035  | 555 | 574 |
| **Aeroporti di Roma SpA** <br>1.750% due 07/30/2031 | 3000 | 3257 |
| **Air Canada Pass-Through Trust**  |  |  |
| 3.300% due 07/15/2031  | $3465 | 3317 |
| 3.600% due 09/15/2028  | 2464 | 2438 |
| 5.250% due 10/01/2030  | 2320 | 2374 |
| **Aker BP ASA**  |  |  |
| 3.100% due 07/15/2031  | 12898 | 11854 |
| 3.750% due 01/15/2030  | 4100 | 3969 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 6810 | 6855 |
| **Alcon Finance Corp.** <br>3.000% due 09/23/2029 | 4900 | 4701 |
| **Allegion U.S. Holding Co., Inc.** <br>3.550% due 10/01/2027 | 400 | 397 |
| **Amcor Flexibles North America, Inc.** <br>5.100% due 03/17/2030 | 2761 | 2836 |
| **Amdocs Ltd.** <br>2.538% due 06/15/2030 | 14850 | 13649 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.000% due 04/15/2030  | 2565 | 2482 |
| 3.150% due 08/15/2033  | 17310 | 16398 |
| 3.200% due 12/15/2029  | 5820 | 5697 |
| 3.350% due 04/15/2031  | 11228 | 10912 |
| 3.375% due 11/01/2028  | 1280 | 1264 |
| 3.575% due 07/15/2029  | 2099 | 2079 |
| 3.650% due 08/15/2030  | 3015 | 2965 |
| 3.700% due 04/01/2028  | 4238 | 4222 |
| **Amgen, Inc.**  |  |  |
| 4.400% due 02/22/2062  | 2500 | 1955 |
| 4.663% due 06/15/2051  | 7254 | 6213 |
| 5.150% due 03/02/2028  | 5500 | 5630 |
| 5.250% due 03/02/2030  | 9929 | 10310 |
| 5.250% due 03/02/2033  | 21900 | 22677 |
| 5.600% due 03/02/2043  | 33650 | 33866 |
| 5.750% due 03/02/2063  | 25100 | 24510 |
| **Apple, Inc.**  |  |  |
| 1.650% due 05/11/2030  | 1450 | 1319 |
| 4.100% due 08/08/2062  | 4100 | 3226 |
| 4.850% due 05/10/2053  | 7000 | 6623 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Ashtead Capital, Inc.**  |  |  |
| 4.000% due 05/01/2028  | 9445 | 9345 |
| 4.250% due 11/01/2029  | 3300 | 3265 |
| 5.800% due 04/15/2034  | 2396 | 2514 |
| **Astrazeneca Finance LLC** <br>4.900% due 02/26/2031 | 11600 | 12010 |
| **AutoZone, Inc.**  |  |  |
| 5.100% due 07/15/2029  | 1025 | 1055 |
| 5.125% due 06/15/2030  | 900 | 929 |
| **Bacardi Ltd.** <br>5.150% due 05/15/2038 | 10500 | 9996 |
| **Baptist Healthcare System Obligated Group** <br>3.540% due 08/15/2050 | 3200 | 2287 |
| **BAT Capital Corp.** <br>5.625% due 08/15/2035 | 1400 | 1459 |
| **Baxter International, Inc.**  |  |  |
| 4.450% due 02/15/2029  | 1700 | 1706 |
| 4.900% due 12/15/2030  | 4500 | 4537 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 55000 | 55070 |
| **Bayer U.S. Finance LLC**  |  |  |
| 6.375% due 11/21/2030  | 7700 | 8235 |
| 6.500% due 11/21/2033  | 700 | 758 |
| **BCP V Modular Services Finance II PLC** <br>6.500% due 07/10/2031 | 3000 | 3303 |
| **Becton Dickinson & Co.**  |  |  |
| 4.693% due 02/13/2028  | $379 | 384 |
| 5.081% due 06/07/2029  | 13267 | 13635 |
| **Becton Dickinson Euro Finance SARL** <br>4.029% due 06/07/2036 | 7000 | 8286 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $112737 | 119209 |
| **Berry Global, Inc.**  |  |  |
| 1.570% due 01/15/2026  | 7400 | 7393 |
| 4.875% due 07/15/2026  | 1722 | 1722 |
| **Block, Inc.**  |  |  |
| 3.500% due 06/01/2031  | 1300 | 1223 |
| 5.625% due 08/15/2030  | 1100 | 1123 |
| 6.500% due 05/15/2032  | 13329 | 13869 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.500% due 08/11/2030  | 7600 | 7641 |
| 4.645% (SOFRINDX + 0.920%) due 03/21/2028 ~  | 10000 | 10050 |
| 4.650% due 03/19/2027  | 2000 | 2017 |
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 20368 | 20330 |
| 2.950% due 02/01/2030  | 375 | 355 |
| 3.200% due 03/01/2029  | 185 | 179 |
| 3.250% due 02/01/2028  | 365 | 359 |
| 3.625% due 02/01/2031  | 3500 | 3364 |
| 5.150% due 05/01/2030  | 8000 | 8223 |
| 5.705% due 05/01/2040  | 19500 | 19923 |
| 5.805% due 05/01/2050  | 46400 | 45708 |
| 5.930% due 05/01/2060  | 30000 | 29456 |
| 6.298% due 05/01/2029  | 24823 | 26357 |
| **Booz Allen Hamilton, Inc.**  |  |  |
| 3.875% due 09/01/2028  | 600 | 589 |
| 5.950% due 08/04/2033  | 7606 | 7928 |
| **Boston Scientific Corp.** <br>2.650% due 06/01/2030 | 4000 | 3766 |
| **British Airways Pass-Through Trust** <br>3.300% due 06/15/2034 | 7392 | 6995 |
| **Broadcom, Inc.**  |  |  |
| 2.450% due 02/15/2031  | 21400 | 19584 |
| 2.600% due 02/15/2033  | 3800 | 3353 |
| 3.137% due 11/15/2035  | 22839 | 19677 |
| 3.187% due 11/15/2036  | 24922 | 21146 |
| 3.469% due 04/15/2034  | 4000 | 3649 |
| 4.926% due 05/15/2037  | 37864 | 37388 |
| **Burberry Group PLC** <br>5.750% due 06/20/2030 | 6296 | 8686 |
| **CAB SELAS** <br>3.375% due 02/01/2028 (n) | 1102 | 1262 |
| **Cameron LNG LLC**  |  |  |
| 3.302% due 01/15/2035  | $4300 | 3770 |
| 3.402% due 01/15/2038  | 10600 | 9228 |
| **Canadian Natural Resources Ltd.**  |  |  |
| 5.000% due 12/15/2029  | 578 | 593 |
| 5.400% due 12/15/2034  | 8000 | 8147 |
| 5.850% due 02/01/2035  | 6419 | 6701 |
| 6.250% due 03/15/2038  | 6997 | 7440 |
| 6.450% due 06/30/2033  | 2101 | 2268 |
| **Canadian Pacific Railway Co.**  |  |  |
| 2.450% due 12/02/2031  | 10400 | 9360 |
| 4.950% due 08/15/2045  | 1631 | 1527 |
| 6.125% due 09/15/2115  | 10000 | 9983 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Carnival Corp.**  |  |  |
| 4.000% due 08/01/2028  | 12200 | 12026 |
| 5.750% due 03/15/2030  | 9350 | 9624 |
| 5.750% due 08/01/2032  | 4400 | 4521 |
| **CDW LLC/CDW Finance Corp.**  |  |  |
| 2.670% due 12/01/2026  | 10100 | 9969 |
| 5.100% due 03/01/2030  | 6000 | 6119 |
| **Centene Corp.**  |  |  |
| 2.450% due 07/15/2028  | 3500 | 3280 |
| 2.500% due 03/01/2031  | 13535 | 11696 |
| 2.625% due 08/01/2031  | 17620 | 15168 |
| 3.000% due 10/15/2030  | 13019 | 11657 |
| 3.375% due 02/15/2030  | 900 | 830 |
| 4.625% due 12/15/2029  | 12416 | 12051 |
| **CGI, Inc.** <br>4.950% due 03/14/2030 | 4450 | 4514 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital**  |  |  |
| 2.300% due 02/01/2032  | 7662 | 6590 |
| 3.700% due 04/01/2051  | 5000 | 3160 |
| 3.850% due 04/01/2061  | 23000 | 13726 |
| 3.900% due 06/01/2052  | 13500 | 8725 |
| 3.950% due 06/30/2062  | 2200 | 1325 |
| 4.800% due 03/01/2050  | 5400 | 4060 |
| 5.125% due 07/01/2049  | 17200 | 13474 |
| 5.375% due 05/01/2047  | 6985 | 5758 |
| 5.750% due 04/01/2048  | 15890 | 13569 |
| 5.850% due 12/01/2035 (n)  | 7500 | 7485 |
| 6.100% due 06/01/2029  | 129 | 135 |
| **Cheniere Corpus Christi Holdings LLC**  |  |  |
| 2.742% due 12/31/2039  | 5200 | 4447 |
| 3.700% due 11/15/2029  | 47274 | 46195 |
| 5.125% due 06/30/2027  | 15000 | 15150 |
| **Cheniere Energy Partners LP**  |  |  |
| 5.550% due 10/30/2035  | 5000 | 5115 |
| 5.750% due 08/15/2034  | 6200 | 6477 |
| **Choice Hotels International, Inc.**  |  |  |
| 3.700% due 12/01/2029  | 2787 | 2713 |
| 5.850% due 08/01/2034  | 2350 | 2397 |
| **Chord Energy Corp.** <br>6.750% due 03/15/2033 | 1200 | 1242 |
| **CHS/Community Health Systems, Inc.**  |  |  |
| 4.750% due 02/15/2031  | 4900 | 4369 |
| 6.000% due 01/15/2029  | 1200 | 1204 |
| **Cigna Group** <br>2.375% due 03/15/2031 | 6278 | 5685 |
| **Comcast Corp.** <br>2.800% due 01/15/2051 | 22300 | 12940 |
| **CommonSpirit Health**  |  |  |
| 4.352% due 09/01/2030  | 6400 | 6375 |
| 4.975% due 09/01/2035  | 1600 | 1582 |
| **Conagra Brands, Inc.**  |  |  |
| 1.375% due 11/01/2027  | 400 | 381 |
| 4.850% due 11/01/2028  | 9545 | 9658 |
| **Constellation Brands, Inc.**  |  |  |
| 3.700% due 12/06/2026  | 1008 | 1006 |
| 4.800% due 01/15/2029  | 1098 | 1116 |
| **Constellation Pharmaceutical, Inc.** <br>5.550% due 07/01/2033 «(l) | 4895 | 5087 |
| **Coterra Energy, Inc.** <br>5.600% due 03/15/2034 | 2315 | 2386 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | 9400 | 9028 |
| **Crown Castle Towers LLC** <br>4.241% due 07/15/2048 | 11900 | 11868 |
| **CSL Finance PLC** <br>4.050% due 04/27/2029 | 4500 | 4490 |
| **CVS Health Corp.**  |  |  |
| 3.000% due 08/15/2026  | 375 | 373 |
| 4.780% due 03/25/2038  | 3850 | 3636 |
| 5.000% due 01/30/2029  | 18400 | 18795 |
| 5.050% due 03/25/2048  | 18900 | 16672 |
| 5.450% due 09/15/2035  | 9300 | 9523 |
| 5.625% due 02/21/2053  | 2544 | 2391 |
| 5.700% due 06/01/2034  | 5300 | 5556 |
| 5.875% due 06/01/2053  | 15090 | 14663 |
| 6.000% due 06/01/2044  | 1600 | 1609 |
| 6.050% due 06/01/2054  | 8200 | 8158 |
| 6.200% due 09/15/2055  | 1256 | 1276 |
| 6.250% due 09/15/2065  | 3500 | 3525 |
| **CVS Pass-Through Trust**  |  |  |
| 4.163% due 08/11/2036  | 254 | 237 |
| 5.789% due 01/10/2026  | 1 | 1 |
| 5.926% due 01/10/2034  | 260 | 267 |
| 6.036% due 12/10/2028  | 1918 | 1938 |
| 8.353% due 07/10/2031  | 219 | 238 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **DAE Funding LLC** <br>3.375% due 03/20/2028 | 6300 | 6141 |
| **Dell International LLC/EMC Corp.**  |  |  |
| 4.900% due 10/01/2026  | 6050 | 6079 |
| 6.020% due 06/15/2026  | 1188 | 1193 |
| **Delta Air Lines, Inc.** <br>3.750% due 10/28/2029 | 2500 | 2449 |
| **Diamondback Energy, Inc.**  |  |  |
| 5.400% due 04/18/2034  | 7900 | 8092 |
| 5.750% due 04/18/2054  | 8300 | 7852 |
| **DISH DBS Corp.** <br>5.250% due 12/01/2026 | 750 | 728 |
| **DT Midstream, Inc.** <br>5.800% due 12/15/2034 | 2400 | 2492 |
| **Eastern Gas Transmission & Storage, Inc.**  |  |  |
| 3.000% due 11/15/2029  | 3250 | 3108 |
| 3.900% due 11/15/2049  | 3700 | 2707 |
| **Edwards Lifesciences Corp.** <br>4.300% due 06/15/2028 | 4700 | 4735 |
| **Elevance Health, Inc.**  |  |  |
| 3.650% due 12/01/2027  | 5900 | 5875 |
| 5.200% due 02/15/2035  | 1700 | 1738 |
| 5.700% due 02/15/2055  | 3300 | 3226 |
| **Eli Lilly & Co.** <br>4.600% due 08/14/2034 | 7400 | 7425 |
| **Embraer Netherlands Finance BV** <br>5.980% due 02/11/2035 | 1000 | 1063 |
| **Enbridge, Inc.**  |  |  |
| 2.500% due 08/01/2033  | 14800 | 12726 |
| 4.200% due 11/20/2028  | 553 | 554 |
| 4.250% due 12/01/2026  | 3300 | 3307 |
| 5.625% due 04/05/2034  | 4666 | 4880 |
| 5.700% due 03/08/2033  | 9600 | 10116 |
| 6.700% due 11/15/2053  | 1264 | 1389 |
| **Energy Transfer LP**  |  |  |
| 3.900% due 07/15/2026  | 5861 | 5857 |
| 4.950% due 06/15/2028  | 6200 | 6304 |
| 5.000% due 05/15/2050  | 1000 | 838 |
| 5.350% due 05/15/2045  | 2600 | 2353 |
| 5.600% due 09/01/2034  | 7500 | 7722 |
| 5.700% due 04/01/2035  | 7900 | 8182 |
| 5.750% due 02/15/2033  | 4600 | 4837 |
| 5.800% due 06/15/2038  | 6230 | 6352 |
| 5.950% due 05/15/2054  | 9000 | 8547 |
| 6.050% due 09/01/2054  | 18700 | 18003 |
| 6.200% due 04/01/2055  | 4800 | 4714 |
| 6.500% due 02/01/2042  | 3600 | 3802 |
| 6.625% due 10/15/2036  | 206 | 224 |
| 7.500% due 07/01/2038  | 4302 | 4998 |
| **Eni SpA** <br>5.950% due 05/15/2054 | 14200 | 14095 |
| **Entergy Louisiana LLC**  |  |  |
| 3.120% due 09/01/2027  | 4300 | 4250 |
| 5.150% due 09/15/2034  | 9000 | 9204 |
| 5.350% due 03/15/2034  | 3267 | 3397 |
| **Enterprise Products Operating LLC**  |  |  |
| 4.450% due 02/15/2043  | 5000 | 4402 |
| 4.600% due 01/15/2031  | 2800 | 2835 |
| 4.950% due 02/15/2035  | 7900 | 7995 |
| 5.200% due 01/15/2036  | 18600 | 18945 |
| 5.700% due 02/15/2042  | 2002 | 2042 |
| 7.099% (TSFR3M + 3.248%) due 08/16/2077 ~  | 7651 | 7652 |
| **EQT Corp.**  |  |  |
| 4.500% due 01/15/2029  | 3235 | 3243 |
| 4.750% due 01/15/2031  | 6300 | 6343 |
| 5.750% due 02/01/2034  | 3100 | 3240 |
| **Essent Group Ltd.** <br>6.250% due 07/01/2029 | 6600 | 6893 |
| **Expand Energy Corp.**  |  |  |
| 5.700% due 01/15/2035  | 16800 | 17394 |
| 6.750% due 04/15/2029  | 1261 | 1268 |
| **FactSet Research Systems, Inc.** <br>2.900% due 03/01/2027 | 10000 | 9854 |
| **FirstEnergy Pennsylvania Electric Co.**  |  |  |
| 3.600% due 06/01/2029  | 1020 | 999 |
| 6.150% due 10/01/2038  | 1600 | 1721 |
| **Fiserv, Inc.**  |  |  |
| 3.500% due 07/01/2029  | 3000 | 2911 |
| 4.200% due 10/01/2028  | 4905 | 4895 |
| 5.250% due 08/11/2035  | 31000 | 30942 |
| **Flex Intermediate Holdco LLC** <br>3.363% due 06/30/2031 | 36900 | 34011 |
| **Flex Ltd.**  |  |  |
| 4.875% due 06/15/2029  | 8100 | 8223 |
| 5.250% due 01/15/2032  | 3400 | 3467 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Fox Corp.**  |  |  |
| 4.709% due 01/25/2029  | 5000 | 5065 |
| 6.500% due 10/13/2033  | 6600 | 7291 |
| **Freeport Minerals Corp.** <br>9.500% due 06/01/2031 | 200 | 243 |
| **Gartner, Inc.**  |  |  |
| 3.625% due 06/15/2029  | 3700 | 3571 |
| 4.950% due 03/20/2031  | 6450 | 6493 |
| 5.600% due 11/20/2035  | 8000 | 7983 |
| **Gatwick Funding Ltd.** <br>6.125% due 03/02/2028 | 6200 | 8382 |
| **GC Treasury Center Co. Ltd.**  |  |  |
| 6.500% due 09/10/2030 •(j)  | $2800 | 2837 |
| 7.125% due 03/10/2035 •(j)  | 1300 | 1324 |
| **Global Payments, Inc.**  |  |  |
| 3.200% due 08/15/2029  | 6072 | 5793 |
| 4.875% due 11/15/2030  | 9500 | 9513 |
| 4.875% due 03/17/2031  | 1300 | 1593 |
| 5.200% due 11/15/2032  | $18300 | 18322 |
| **goeasy Ltd.** <br>9.250% due 12/01/2028 | 400 | 412 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 5.853% due 02/23/2036  | 1200 | 1257 |
| 6.103% due 08/23/2042  | 8000 | 8346 |
| 6.129% due 02/23/2038  | 1700 | 1808 |
| **Grifols SA** <br>7.500% due 05/01/2030 (l) | 8000 | 9901 |
| **Haleon U.S. Capital LLC**  |  |  |
| 3.375% due 03/24/2027  | $4802 | 4768 |
| 3.375% due 03/24/2029  | 1700 | 1662 |
| **HCA, Inc.**  |  |  |
| 3.500% due 09/01/2030  | 7400 | 7119 |
| 3.500% due 07/15/2051  | 4500 | 3062 |
| 3.625% due 03/15/2032  | 2700 | 2553 |
| 4.125% due 06/15/2029  | 6800 | 6779 |
| 4.625% due 03/15/2052  | 2400 | 1961 |
| 5.250% due 03/01/2030  | 1300 | 1342 |
| 5.450% due 09/15/2034  | 1100 | 1133 |
| 5.500% due 06/01/2033  | 19000 | 19782 |
| 5.625% due 09/01/2028  | 7700 | 7939 |
| 5.750% due 03/01/2035  | 16406 | 17229 |
| 5.875% due 02/01/2029  | 1500 | 1564 |
| 5.900% due 06/01/2053  | 5200 | 5097 |
| 5.950% due 09/15/2054  | 8000 | 7920 |
| **Heathrow Finance PLC** <br>4.125% due 09/01/2029 þ | 3200 | 4056 |
| **Heathrow Funding Ltd.** <br>6.450% due 12/10/2033 | 2100 | 3047 |
| **HEICO Corp.**  |  |  |
| 5.250% due 08/01/2028  | $2000 | 2057 |
| 5.350% due 08/01/2033  | 1900 | 1974 |
| **Hess Corp.** <br>7.875% due 10/01/2029 | 3600 | 4073 |
| **Hilton Domestic Operating Co., Inc.** <br>5.750% due 09/15/2033 | 2400 | 2457 |
| **Howard Midstream Energy Partners LLC** <br>6.625% due 01/15/2034 | 400 | 411 |
| **Huntington Ingalls Industries, Inc.** <br>5.353% due 01/15/2030 | 500 | 517 |
| **Hyatt Hotels Corp.**  |  |  |
| 5.050% due 03/30/2028  | 3000 | 3056 |
| 5.375% due 12/15/2031  | 4700 | 4842 |
| **Hyundai Capital America**  |  |  |
| 1.500% due 06/15/2026  | 11500 | 11369 |
| 4.850% due 03/25/2027  | 4000 | 4038 |
| **Illumina, Inc.**  |  |  |
| 4.650% due 09/09/2026  | 1300 | 1305 |
| 5.750% due 12/13/2027  | 395 | 407 |
| **Imperial Brands Finance Netherlands BV** <br>5.250% due 02/15/2031 | 1000 | 1269 |
| **Imperial Brands Finance PLC** <br>6.125% due 07/27/2027 | $6000 | 6180 |
| **Integris Baptist Medical Center, Inc.** <br>3.875% due 08/15/2050 | 6500 | 4726 |
| **IQVIA, Inc.** <br>5.700% due 05/15/2028 | 1988 | 2058 |
| **IRB Infrastructure Developers Ltd.** <br>7.110% due 03/11/2032 | 3000 | 3100 |
| **Jabil, Inc.** <br>5.450% due 02/01/2029 | 2200 | 2274 |
| **JDE Peet's NV** <br>4.500% due 01/23/2034 | 3700 | 4493 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 | $19000 | 19158 |
| **JetBlue Pass-Through Trust** <br>2.750% due 11/15/2033 | 5874 | 5283 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Kinder Morgan Energy Partners LP**  |  |  |
| 7.300% due 08/15/2033  | 5726 | 6595 |
| 7.400% due 03/15/2031  | 500 | 566 |
| 7.500% due 11/15/2040  | 5500 | 6431 |
| **Kinder Morgan, Inc.**  |  |  |
| 3.600% due 02/15/2051  | 2000 | 1403 |
| 5.200% due 06/01/2033  | 6900 | 7102 |
| 5.300% due 12/01/2034  | 1000 | 1020 |
| 7.750% due 01/15/2032  | 16050 | 18645 |
| **Kodiak Gas Services LLC** <br>7.250% due 02/15/2029 | 800 | 833 |
| **Kraft Heinz Foods Co.**  |  |  |
| 5.000% due 06/04/2042  | 2400 | 2204 |
| 6.500% due 02/09/2040  | 1258 | 1360 |
| 6.875% due 01/26/2039  | 13500 | 15098 |
| 7.125% due 08/01/2039  | 7120 | 8083 |
| **L3Harris Technologies, Inc.** <br>5.050% due 06/01/2029 | 300 | 309 |
| **Laboratory Corp. of America Holdings** <br>4.350% due 04/01/2030 | 1500 | 1503 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.900% due 08/08/2029  | 4050 | 3957 |
| 5.625% due 06/15/2028  | 8600 | 8819 |
| 6.000% due 08/15/2029  | 57275 | 59854 |
| 6.000% due 06/14/2030  | 5646 | 5925 |
| 6.200% due 08/15/2034  | 30485 | 32130 |
| **Leidos, Inc.**  |  |  |
| 2.300% due 02/15/2031  | 16750 | 15091 |
| 4.375% due 05/15/2030  | 4100 | 4096 |
| **Liberty Utilities Finance GP 1** <br>2.050% due 09/15/2030 | 2500 | 2269 |
| **Live Nation Entertainment, Inc.** <br>3.750% due 01/15/2028 | 15841 | 15613 |
| **Lockheed Martin Corp.**  |  |  |
| 4.300% due 06/15/2062  | 14400 | 11373 |
| 4.800% due 08/15/2034  | 4516 | 4565 |
| **Macmillan Bloedel Pembroke LP** <br>7.700% due 02/15/2026 | 7658 | 7686 |
| **Marathon Petroleum Corp.** <br>5.150% due 03/01/2030 | 3550 | 3655 |
| **Marriott International, Inc.**  |  |  |
| 3.500% due 10/15/2032  | 9700 | 9062 |
| 4.500% due 10/01/2034  | 6099 | 5947 |
| 4.625% due 06/15/2030  | 6100 | 6193 |
| 5.250% due 10/15/2035  | 1700 | 1724 |
| **Mars, Inc.**  |  |  |
| 5.200% due 03/01/2035  | 4300 | 4421 |
| 5.650% due 05/01/2045  | 8300 | 8371 |
| 5.700% due 05/01/2055  | 1500 | 1495 |
| **Marvell Technology, Inc.**  |  |  |
| 1.650% due 04/15/2026  | 7676 | 7625 |
| 4.875% due 06/22/2028  | 100 | 102 |
| **Massachusetts Institute of Technology** <br>4.678% due 07/01/2114 | 150 | 125 |
| **McDonald's Corp.**  |  |  |
| 2.625% due 09/01/2029  | 4350 | 4149 |
| 4.600% due 05/15/2030  | 1070 | 1089 |
| 5.000% due 05/17/2029  | 4519 | 4653 |
| **Meta Platforms, Inc.**  |  |  |
| 4.750% due 08/15/2034  | 2100 | 2118 |
| 5.550% due 08/15/2064  | 8500 | 7891 |
| 5.600% due 05/15/2053  | 6500 | 6226 |
| **Microchip Technology, Inc.** <br>5.050% due 02/15/2030 | 3200 | 3266 |
| **Micron Technology, Inc.**  |  |  |
| 4.663% due 02/15/2030  | 950 | 961 |
| 5.300% due 01/15/2031  | 2100 | 2178 |
| 5.327% due 02/06/2029  | 4600 | 4744 |
| **Mitchells & Butlers Finance PLC** <br>4.350% (BP0003M + 0.450%) due 12/15/2030 ~ | 334 | 441 |
| **Motorola Solutions, Inc.** <br>4.600% due 05/23/2029 | $1750 | 1771 |
| **MPLX LP**  |  |  |
| 4.900% due 04/15/2058  | 2600 | 2141 |
| 4.950% due 03/14/2052  | 4100 | 3449 |
| 5.400% due 04/01/2035  | 21500 | 21667 |
| **MSCI, Inc.**  |  |  |
| 3.250% due 08/15/2033  | 10400 | 9331 |
| 3.875% due 02/15/2031  | 1500 | 1441 |
| **National Football League**  |  |  |
| 5.250% due 10/05/2034 «(l)  | 19400 | 19783 |
| 5.420% due 10/05/2037 «(l)  | 6900 | 6975 |
| **National Grid Electricity Transmission PLC** <br>2.000% due 04/17/2040 | 1400 | 1204 |
| **Netflix, Inc.**  |  |  |
| 3.875% due 11/15/2029  | 11800 | 14330 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 4.875% due 06/15/2030  | $900 | 923 |
| **Newcastle Coal Infrastructure Group Pty. Ltd.** <br>4.400% due 09/29/2027 | 2031 | 2028 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 12810 | 12646 |
| **Norfolk Southern Corp.** <br>4.100% due 05/15/2121 | 4200 | 2925 |
| **Northrop Grumman Corp.** <br>7.750% due 03/15/2026 | 102 | 103 |
| **NTT Finance Corp.** <br>5.171% due 07/16/2032 | 15300 | 15706 |
| **NVR, Inc.** <br>3.000% due 05/15/2030 | 35314 | 33447 |
| **NXP BV/NXP Funding LLC** <br>5.350% due 03/01/2026 | 4800 | 4800 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** <br>3.875% due 06/18/2026 | 6700 | 6694 |
| **Occidental Petroleum Corp.**  |  |  |
| 6.200% due 03/15/2040  | 3260 | 3326 |
| 6.625% due 09/01/2030  | 10000 | 10773 |
| 8.875% due 07/15/2030  | 17067 | 19791 |
| **ONEOK Partners LP**  |  |  |
| 6.125% due 02/01/2041  | 1700 | 1745 |
| 6.200% due 09/15/2043  | 3450 | 3505 |
| **Oracle Corp.**  |  |  |
| 2.300% due 03/25/2028  | 3200 | 3052 |
| 2.875% due 03/25/2031  | 13900 | 12495 |
| 3.950% due 03/25/2051  | 5300 | 3491 |
| 4.000% due 07/15/2046  | 11000 | 7634 |
| 4.000% due 11/15/2047  | 3700 | 2543 |
| 4.100% due 03/25/2061  | 16600 | 10708 |
| 4.900% due 02/06/2033  | 4300 | 4139 |
| 5.200% due 09/26/2035  | 10000 | 9584 |
| 5.500% due 08/03/2035  | 24100 | 23628 |
| 5.500% due 09/27/2064  | 21900 | 17496 |
| 6.000% due 08/03/2055  | 7300 | 6443 |
| **Paramount Global**  |  |  |
| 3.700% due 06/01/2028  | 4100 | 4010 |
| 6.875% due 04/30/2036  | 9000 | 8871 |
| **Permian Resources Operating LLC** <br>6.250% due 02/01/2033 | 5600 | 5747 |
| **Petroleos Mexicanos** <br>6.700% due 02/16/2032 | 15851 | 15819 |
| **Philip Morris International, Inc.**  |  |  |
| 3.375% due 08/15/2029  | 6100 | 5959 |
| 4.375% due 04/30/2030  | 860 | 866 |
| 5.250% due 09/07/2028  | 358 | 370 |
| 5.250% due 02/13/2034  | 7900 | 8168 |
| 5.375% due 02/15/2033  | 6000 | 6278 |
| 5.625% due 11/17/2029  | 14714 | 15477 |
| 5.750% due 11/17/2032  | 11500 | 12310 |
| **Pioneer Natural Resources Co.** <br>7.200% due 01/15/2028 | 4497 | 4775 |
| **Plains All American Pipeline LP** <br>5.950% due 06/15/2035 | 4100 | 4272 |
| **Qatarenergy LNG S3** <br>5.838% due 09/30/2027 | 309 | 314 |
| **Quanta Services, Inc.** <br>2.350% due 01/15/2032 | 6000 | 5293 |
| **RELX Capital, Inc.**  |  |  |
| 3.000% due 05/22/2030  | 3000 | 2857 |
| 4.750% due 03/27/2030  | 100 | 102 |
| **Renesas Electronics Corp.** <br>2.170% due 11/25/2026 | 3200 | 3143 |
| **Revvity, Inc.** <br>3.300% due 09/15/2029 | 300 | 289 |
| **Rogers Communications, Inc.**  |  |  |
| 4.500% due 03/15/2042  | 628 | 537 |
| 5.000% due 02/15/2029  | 750 | 765 |
| **Roper Technologies, Inc.** <br>4.250% due 09/15/2028 | 190 | 191 |
| **Royal Caribbean Cruises Ltd.**  |  |  |
| 3.700% due 03/15/2028  | 6700 | 6629 |
| 5.375% due 01/15/2036  | 7500 | 7534 |
| 5.500% due 04/01/2028  | 15200 | 15480 |
| 5.625% due 09/30/2031  | 3700 | 3784 |
| **Royalty Pharma PLC** <br>1.750% due 09/02/2027 | 5000 | 4819 |
| **RTX Corp.**  |  |  |
| 5.375% due 02/27/2053  | 13300 | 12849 |
| 6.100% due 03/15/2034  | 15900 | 17404 |
| 6.400% due 03/15/2054  | 4200 | 4625 |
| 7.200% due 08/15/2027  | 125 | 131 |
| **S&P Global, Inc.** <br>4.250% due 05/01/2029 | 5542 | 5574 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Sabine Pass Liquefaction LLC**  |  |  |
| 4.500% due 05/15/2030  | 6500 | 6529 |
| 5.875% due 06/30/2026  | 1201 | 1203 |
| **Santos Finance Ltd.**  |  |  |
| 3.649% due 04/29/2031  | 20600 | 19317 |
| 5.250% due 03/13/2029  | 5000 | 5071 |
| 6.875% due 09/19/2033  | 17900 | 19618 |
| **Saudi Arabian Oil Co.**  |  |  |
| 2.250% due 11/24/2030  | 1000 | 905 |
| 5.250% due 07/17/2034 (n)  | 2400 | 2474 |
| **Schlumberger Holdings Corp.** <br>5.000% due 06/01/2034 | 6900 | 6985 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 400 | 416 |
| **Sekisui House U.S., Inc.** <br>3.966% due 08/06/2061 | 200 | 135 |
| **South Bow USA Infrastructure Holdings LLC** <br>5.584% due 10/01/2034 | 6517 | 6585 |
| **South West Water Finance PLC** <br>5.750% due 12/11/2032 | 6650 | 9296 |
| **Southern Co.** <br>4.850% due 03/15/2035 | $13400 | 13242 |
| **Spirit AeroSystems, Inc.**  |  |  |
| 3.850% due 06/15/2026  | 3800 | 3789 |
| 4.600% due 06/15/2028  | 16831 | 16863 |
| **Spirit Airlines Pass-Through Trust**  |  |  |
| 3.375% due 08/15/2031  | 240 | 226 |
| 3.650% due 08/15/2031  | 780 | 719 |
| 4.100% due 10/01/2029  | 1931 | 1854 |
| **Starbucks Corp.**  |  |  |
| 4.500% due 05/15/2028  | 2345 | 2369 |
| 4.800% due 05/15/2030  | 1700 | 1736 |
| **Stonepeak Nile Parent LLC** <br>7.250% due 03/15/2032 | 100 | 106 |
| **Stryker Corp.**  |  |  |
| 1.950% due 06/15/2030  | 21199 | 19257 |
| 4.250% due 09/11/2029  | 630 | 634 |
| 4.625% due 09/11/2034  | 6300 | 6266 |
| 4.850% due 12/08/2028  | 8000 | 8191 |
| 4.850% due 02/10/2030  | 10000 | 10272 |
| 5.200% due 02/10/2035  | 1600 | 1644 |
| **Synopsys, Inc.**  |  |  |
| 4.550% due 04/01/2027  | 7500 | 7557 |
| 4.850% due 04/01/2030  | 1400 | 1430 |
| 5.150% due 04/01/2035  | 10000 | 10167 |
| **Synthos SA** <br>2.500% due 06/07/2028 (n) | 5760 | 6376 |
| **Sysco Corp.**  |  |  |
| 5.100% due 09/23/2030  | $2169 | 2241 |
| 5.950% due 04/01/2030  | 4400 | 4668 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.050% due 02/15/2028  | 10500 | 10083 |
| 2.550% due 02/15/2031  | 16800 | 15353 |
| 2.625% due 02/15/2029  | 600 | 573 |
| 3.000% due 02/15/2041  | 32700 | 24380 |
| 3.300% due 02/15/2051  | 40000 | 26768 |
| 3.400% due 10/15/2052  | 4600 | 3095 |
| 3.600% due 11/15/2060  | 5700 | 3790 |
| 3.875% due 04/15/2030  | 28342 | 27876 |
| 5.050% due 07/15/2033  | 2000 | 2042 |
| 5.250% due 06/15/2055  | 20500 | 18692 |
| 5.650% due 01/15/2053  | 4800 | 4647 |
| 5.700% due 01/15/2056  | 10000 | 9763 |
| 5.750% due 01/15/2054  | 5200 | 5106 |
| 5.800% due 09/15/2062  | 2400 | 2366 |
| **Tapestry, Inc.**  |  |  |
| 5.100% due 03/11/2030  | 6500 | 6683 |
| 5.500% due 03/11/2035  | 7100 | 7263 |
| **Targa Resources Corp.**  |  |  |
| 4.200% due 02/01/2033  | 4000 | 3831 |
| 4.950% due 04/15/2052  | 8000 | 6843 |
| 6.150% due 03/01/2029  | 8300 | 8740 |
| **TCI Communications, Inc.** <br>7.875% due 02/15/2026 | 600 | 602 |
| **TD SYNNEX Corp.**  |  |  |
| 2.375% due 08/09/2028  | 14300 | 13623 |
| 2.650% due 08/09/2031  | 8700 | 7834 |
| **TDF Infrastructure SASU** <br>1.750% due 12/01/2029 | 1100 | 1213 |
| **Teva Pharmaceutical Finance Netherlands III BV** <br>8.125% due 09/15/2031 | $575 | 663 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 2005 | 3115 |
| **Time Warner Cable LLC** <br>4.500% due 09/15/2042 | $4000 | 3087 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Times Square Hotel Trust** <br>8.528% due 08/01/2026 | 63 | 63 |
| **Transcontinental Gas Pipe Line Co. LLC**  |  |  |
| 3.250% due 05/15/2030  | 2900 | 2782 |
| 5.100% due 03/15/2036  | 800 | 806 |
| **Transurban Finance Co. Pty. Ltd.** <br>2.450% due 03/16/2031 | 2850 | 2598 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 931 | 920 |
| **Tyson Foods, Inc.** <br>5.400% due 03/15/2029 | 500 | 517 |
| **Unigel Luxembourg SA (11.000% Cash or 12.000% PIK)** <br>11.000% due 12/31/2028 ^(c)(d) | 3152 | 221 |
| **Unigel Luxembourg SA (13.500% Cash or 15.000% PIK)** <br>13.500% due 12/31/2027 ^(c)(d) | 1449 | 297 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 731 | 673 |
| 2.875% due 04/07/2030  | 13152 | 12696 |
| 3.100% due 01/07/2030  | 841 | 820 |
| 3.100% due 04/07/2030  | 3071 | 2939 |
| 3.450% due 01/07/2030  | 2427 | 2369 |
| 3.500% due 09/01/2031  | 1100 | 1064 |
| 3.700% due 09/01/2031  | 2407 | 2302 |
| 4.150% due 02/25/2033  | 7614 | 7492 |
| 5.450% due 08/15/2038  | 9848 | 10159 |
| 5.875% due 04/15/2029  | 10916 | 11200 |
| **UnitedHealth Group, Inc.**  |  |  |
| 2.900% due 05/15/2050  | 5500 | 3528 |
| 4.950% due 01/15/2032  | 10093 | 10349 |
| 5.150% due 07/15/2034  | 15200 | 15574 |
| 5.200% due 04/15/2063  | 23860 | 21383 |
| 5.500% due 07/15/2044  | 10800 | 10726 |
| 5.625% due 07/15/2054  | 5000 | 4910 |
| 5.750% due 07/15/2064  | 5000 | 4886 |
| 5.875% due 02/15/2053  | 2500 | 2525 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 4100 | 4188 |
| **Var Energi ASA**  |  |  |
| 5.875% due 05/22/2030  | 600 | 625 |
| 8.000% due 11/15/2032  | 6200 | 7105 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 17500 | 16418 |
| 3.875% due 11/01/2033  | 11000 | 9439 |
| 4.125% due 08/15/2031  | 13000 | 11839 |
| 6.250% due 01/15/2030  | 8950 | 9067 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 11825 | 11389 |
| 8.375% due 06/01/2031  | 2500 | 2488 |
| **Viking Cruises Ltd.** <br>5.875% due 10/15/2033 | 5511 | 5599 |
| **Viper Energy Partners LLC** <br>5.700% due 08/01/2035 | 6300 | 6433 |
| **Virgin Media Secured Finance PLC**  |  |  |
| 4.250% due 01/15/2030  | 9900 | 12296 |
| 5.250% due 05/15/2029  | 1000 | 1308 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 4.250% due 01/31/2031  | $6200 | 5659 |
| 5.625% due 04/15/2032  | 14000 | 16596 |
| **VMware LLC**  |  |  |
| 2.200% due 08/15/2031  | $3300 | 2934 |
| 3.900% due 08/21/2027  | 9000 | 9009 |
| 4.700% due 05/15/2030  | 24482 | 24881 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 6000 | 6003 |
| **Volkswagen Group of America Finance LLC** <br>4.750% due 11/13/2028 | 4900 | 4951 |
| **Vulcan Materials Co.** <br>4.950% due 12/01/2029 | 105 | 108 |
| **Warnermedia Holdings, Inc.** <br>5.141% due 03/15/2052 | 392 | 259 |
| **Waste Connections, Inc.** <br>4.200% due 01/15/2033 | 796 | 781 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 3100 | 3176 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 5300 | 5448 |
| **Wessex Water Services Finance PLC** <br>1.500% due 09/17/2029 | 4750 | 5692 |
| **Western Midstream Operating LP** <br>5.450% due 11/15/2034 | $9900 | 9975 |
| **Westinghouse Air Brake Technologies Corp.** <br>4.700% due 09/15/2028 | 15933 | 16138 |
| **Williams Cos., Inc.**  |  |  |
| 5.150% due 03/15/2034  | 1400 | 1425 |
| 5.600% due 03/15/2035  | 19624 | 20454 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Woodside Finance Ltd.**  |  |  |
| 3.700% due 09/15/2026  | 11375 | 11335 |
| 3.700% due 03/15/2028  | 6100 | 6034 |
| 4.500% due 03/04/2029  | 2300 | 2301 |
| 5.100% due 09/12/2034  | 5400 | 5338 |
| 5.400% due 05/19/2030  | 9700 | 9963 |
| 5.700% due 09/12/2054  | 5000 | 4709 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 7300 | 7333 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** <br>6.250% due 03/15/2033 | 9400 | 9617 |
| **Yellowstone Energy LP** <br>5.750% due 12/31/2026 | 959 | 949 |
| **Yorkshire Water Finance PLC**  |  |  |
| 1.750% due 10/27/2032  | 12200 | 13070 |
| 6.375% due 08/19/2039  | 5000 | 6737 |
| **Zimmer Biomet Holdings, Inc.** <br>5.350% due 12/01/2028 | $1626 | 1681 |
| **Zoetis, Inc.** <br>2.000% due 05/15/2030 | 7000 | 6408 |
|  |  | 3742713 |
| **UTILITIES 8.6%**  |  |  |
| **AEP Texas, Inc.**  |  |  |
| 5.700% due 05/15/2034  | 1000 | 1045 |
| 6.650% due 02/15/2033  | 2425 | 2646 |
| **AES Corp.**  |  |  |
| 3.950% due 07/15/2030  | 5200 | 5083 |
| 5.450% due 06/01/2028  | 2400 | 2456 |
| 5.800% due 03/15/2032  | 7700 | 7901 |
| 6.950% due 07/15/2055 •  | 2700 | 2677 |
| 7.600% due 01/15/2055 •  | 12550 | 12790 |
| **Alliant Energy Finance LLC** <br>3.600% due 03/01/2032 | 1500 | 1395 |
| **American Electric Power Co., Inc.** <br>3.875% due 02/15/2062 •  | 6200 | 6100 |
| **Anglian Water Services Financing PLC**  |  |  |
| 5.750% due 06/07/2043  | 9000 | 11109 |
| 6.000% due 06/20/2039  | 1400 | 1849 |
| **Appalachian Power Co.** <br>3.700% due 05/01/2050 | $3000 | 2180 |
| **Arizona Public Service Co.**  |  |  |
| 2.650% due 09/15/2050  | 8900 | 5307 |
| 3.350% due 05/15/2050  | 3750 | 2586 |
| 5.500% due 09/01/2035  | 4300 | 4418 |
| **AT&T, Inc.**  |  |  |
| 2.750% due 06/01/2031  | 16200 | 14886 |
| 3.500% due 06/01/2041  | 36300 | 28583 |
| 3.550% due 09/15/2055  | 23160 | 15433 |
| 3.650% due 06/01/2051  | 25700 | 18086 |
| 3.650% due 09/15/2059  | 31550 | 20822 |
| 3.850% due 06/01/2060  | 25750 | 17755 |
| **Atlantic City Electric Co.** <br>4.000% due 10/15/2028 | 4600 | 4612 |
| **Berkshire Hathaway Energy Co.** <br>4.450% due 01/15/2049 | 1850 | 1547 |
| **Black Hills Corp.**  |  |  |
| 2.500% due 06/15/2030  | 10400 | 9653 |
| 3.875% due 10/15/2049  | 5500 | 4118 |
| 6.000% due 01/15/2035  | 11850 | 12653 |
| 6.150% due 05/15/2034  | 4200 | 4507 |
| **Capital Power U.S. Holdings, Inc.** <br>6.189% due 06/01/2035 | 200 | 209 |
| **CenterPoint Energy Houston Electric LLC** <br>5.050% due 03/01/2035 | 2600 | 2627 |
| **Clearway Energy Operating LLC** <br>3.750% due 02/15/2031 | 3500 | 3282 |
| **Cleveland Electric Illuminating Co.** <br>3.500% due 04/01/2028 | 4200 | 4132 |
| **Columbia Pipelines Holding Co. LLC**  |  |  |
| 6.042% due 08/15/2028  | 4000 | 4162 |
| 6.055% due 08/15/2026  | 2000 | 2019 |
| **Constellation Energy Generation LLC**  |  |  |
| 5.750% due 10/01/2041  | 2579 | 2640 |
| 6.500% due 10/01/2053  | 10000 | 10910 |
| **Dominion Energy, Inc.** <br>2.250% due 08/15/2031 | 3500 | 3118 |
| **DTE Energy Co.**  |  |  |
| 2.950% due 03/01/2030  | 2441 | 2313 |
| 3.400% due 06/15/2029  | 2387 | 2325 |
| 5.100% due 03/01/2029  | 3100 | 3178 |
| **Duke Energy Carolinas LLC**  |  |  |
| 2.450% due 08/15/2029  | 12300 | 11658 |
| 6.050% due 04/15/2038  | 1227 | 1331 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Duke Energy Progress LLC** <br>5.050% due 03/15/2035 | 7600 | 7732 |
| **Duquesne Light Holdings, Inc.** <br>3.616% due 08/01/2027 | 15400 | 15198 |
| **DWR Cymru Financing U.K. PLC** <br>2.500% due 03/31/2036 | 7930 | 8075 |
| **Edison International**  |  |  |
| 5.450% due 06/15/2029  | $1700 | 1732 |
| 5.750% due 06/15/2027  | 10020 | 10204 |
| 6.250% due 03/15/2030  | 3100 | 3244 |
| 8.125% due 06/15/2053 •(n)  | 4400 | 4581 |
| **Emera U.S. Finance LP** <br>4.750% due 06/15/2046 | 6300 | 5381 |
| **Empresa Electrica Cochrane SpA** <br>5.500% due 05/14/2027 | 534 | 530 |
| **Enel Finance International NV**  |  |  |
| 2.125% due 07/12/2028  | 8276 | 7871 |
| 2.500% due 07/12/2031  | 5600 | 5041 |
| **Entergy Corp.**  |  |  |
| 1.900% due 06/15/2028  | 5900 | 5601 |
| 3.750% due 06/15/2050  | 1000 | 728 |
| **Entergy Texas, Inc.**  |  |  |
| 5.250% due 04/15/2035  | 4200 | 4315 |
| 5.550% due 09/15/2054  | 2775 | 2697 |
| 5.800% due 09/01/2053  | 800 | 802 |
| **EPH Financing International AS**  |  |  |
| 5.875% due 11/30/2029  | 4900 | 6168 |
| 6.651% due 11/13/2028  | 3900 | 4951 |
| **Evergy Metro, Inc.** <br>2.250% due 06/01/2030 | $400 | 369 |
| **Eversource Energy**  |  |  |
| 4.450% due 12/15/2030  | 7100 | 7064 |
| 5.500% due 01/01/2034  | 1100 | 1131 |
| **Fells Point Funding Trust** <br>3.046% due 01/31/2027 | 11500 | 11367 |
| **FirstEnergy Transmission LLC** <br>5.000% due 01/15/2035 | 5500 | 5529 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 1905 | 1881 |
| **Gazprom PJSC via Gaz Finance PLC** <br>2.950% due 01/27/2029 | 18600 | 13485 |
| **Georgia Power Co.**  |  |  |
| 3.250% due 03/15/2051  | 3200 | 2192 |
| 3.700% due 01/30/2050  | 4200 | 3152 |
| **Interstate Power & Light Co.** <br>4.950% due 09/30/2034 | 2500 | 2496 |
| **IPALCO Enterprises, Inc.**  |  |  |
| 4.250% due 05/01/2030  | 1379 | 1349 |
| 5.750% due 04/01/2034  | 5700 | 5825 |
| **Jersey Central Power & Light Co.** <br>4.400% due 01/15/2031 | 4700 | 4685 |
| **Mid-Atlantic Interstate Transmission LLC** <br>4.100% due 05/15/2028 | 2500 | 2503 |
| **MidAmerican Energy Co.**  |  |  |
| 3.150% due 04/15/2050  | 500 | 340 |
| 4.250% due 05/01/2046  | 1800 | 1509 |
| 5.300% due 02/01/2055  | 3800 | 3615 |
| 5.350% due 01/15/2034  | 2100 | 2197 |
| **Midwest Connector Capital Co. LLC** <br>4.625% due 04/01/2029 | 3155 | 3160 |
| **Mississippi Power Co.** <br>3.950% due 03/30/2028 | 14645 | 14643 |
| **Narragansett Electric Co.** <br>5.350% due 05/01/2034 | 300 | 310 |
| **National Grid PLC**  |  |  |
| 5.602% due 06/12/2028  | 6000 | 6200 |
| 5.809% due 06/12/2033  | 5500 | 5862 |
| **Nevada Power Co.** <br>5.450% due 05/15/2041 | 4059 | 4033 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 3.830% due 06/12/2030  | 10200 | 7496 |
| 4.670% due 06/12/2035  | 16700 | 12389 |
| 4.800% due 12/01/2077 •  | $4300 | 4244 |
| 6.750% due 06/15/2054 •  | 8000 | 8545 |
| **Northumbrian Water Finance PLC** <br>5.625% due 04/29/2033 | 1800 | 2460 |
| **NRG Energy, Inc.** <br>2.450% due 12/02/2027 | $1000 | 967 |
| **NSTAR Electric Co.** <br>5.200% due 03/01/2035 | 3500 | 3577 |
| **OI SA (10.000% Cash or 6.000% PIK and 7.500% Cash or 13.500% PIK)** <br>10.000% due 06/30/2027 (c) | 2416 | 1075 |
| **OI SA (8.500% PIK)** <br>8.500% due 12/31/2028 (c) | 5022 | 60 |
| **ONEOK, Inc.**  |  |  |
| 4.550% due 07/15/2028  | 5671 | 5721 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 4.950% due 07/13/2047  | 9972 | 8734 |
| 5.050% due 11/01/2034  | 61400 | 60880 |
| 5.200% due 07/15/2048  | 2585 | 2332 |
| 6.625% due 09/01/2053  | 2125 | 2228 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 7500 | 6759 |
| 3.000% due 06/15/2028  | 5400 | 5238 |
| 3.150% due 01/01/2026  | 10801 | 10801 |
| 3.250% due 06/01/2031  | 1600 | 1491 |
| 3.300% due 12/01/2027  | 22816 | 22479 |
| 3.300% due 08/01/2040  | 2700 | 2051 |
| 3.500% due 08/01/2050  | 13050 | 8817 |
| 3.750% due 07/01/2028  | 15079 | 14898 |
| 3.750% due 08/15/2042  | 2600 | 1974 |
| 4.250% due 03/15/2046  | 2100 | 1651 |
| 4.300% due 03/15/2045  | 1932 | 1540 |
| 4.500% due 07/01/2040  | 2800 | 2442 |
| 4.500% due 12/15/2041  | 4300 | 3588 |
| 4.600% due 06/15/2043  | 4900 | 4094 |
| 4.650% due 08/01/2028  | 17000 | 17129 |
| 4.750% due 02/15/2044  | 5700 | 4833 |
| 4.950% due 07/01/2050  | 7865 | 6657 |
| 5.250% due 03/01/2052  | 13600 | 11871 |
| 5.900% due 10/01/2054  | 1087 | 1047 |
| 6.000% due 08/15/2035  | 5000 | 5259 |
| 6.100% due 10/15/2055  | 9200 | 9040 |
| **PacifiCorp**  |  |  |
| 2.700% due 09/15/2030  | 1500 | 1380 |
| 2.900% due 06/15/2052  | 6900 | 4046 |
| 5.300% due 02/15/2031  | 6200 | 6386 |
| 5.350% due 12/01/2053  | 5450 | 4792 |
| 5.750% due 04/01/2037  | 8278 | 8411 |
| 5.800% due 01/15/2055  | 5000 | 4670 |
| 7.375% due 09/15/2055 •  | 9000 | 9180 |
| **Petrobras Global Finance BV**  |  |  |
| 5.125% due 09/10/2030  | 34400 | 33753 |
| 6.250% due 01/10/2036  | 3400 | 3340 |
| **Piedmont Natural Gas Co., Inc.**  |  |  |
| 3.350% due 06/01/2050  | 4300 | 2967 |
| 3.640% due 11/01/2046  | 1500 | 1124 |
| 5.100% due 02/15/2035  | 5000 | 5086 |
| **Pinnacle West Capital Corp.** <br>4.550% (SOFRRATE + 0.820%) due 06/10/2026 ~ | 12700 | 12723 |
| **Public Service Co. of Oklahoma** <br>3.150% due 08/15/2051 | 1500 | 992 |
| **Rio Oil Finance Trust** <br>9.750% due 01/06/2027 | 2453 | 2531 |
| **San Diego Gas & Electric Co.**  |  |  |
| 1.700% due 10/01/2030  | 7800 | 6968 |
| 4.100% due 06/15/2049  | 9500 | 7556 |
| 5.400% due 04/15/2035  | 5000 | 5178 |
| **SCE Recovery Funding LLC** <br>5.112% due 12/14/2049 | 3700 | 3500 |
| **Sempra**  |  |  |
| 3.400% due 02/01/2028  | 440 | 433 |
| 4.125% due 04/01/2052 •  | 4100 | 4033 |
| 6.375% due 04/01/2056 •  | 9800 | 10020 |
| 6.400% due 10/01/2054 •  | 1500 | 1527 |
| 6.875% due 10/01/2054 •  | 6100 | 6293 |
| **Severn Trent Utilities Finance PLC** <br>4.000% due 03/05/2034 | 7050 | 8479 |
| **Southern California Edison Co.**  |  |  |
| 1.200% due 02/01/2026  | $7200 | 7174 |
| 2.500% due 06/01/2031  | 2600 | 2333 |
| 2.750% due 02/01/2032  | 10500 | 9363 |
| 2.950% due 02/01/2051  | 7600 | 4641 |
| 3.450% due 02/01/2052  | 8200 | 5457 |
| 3.650% due 02/01/2050  | 2000 | 1400 |
| 3.900% due 12/01/2041  | 1100 | 866 |
| 3.900% due 03/15/2043  | 6100 | 4711 |
| 4.000% due 04/01/2047  | 14900 | 11189 |
| 4.400% due 09/06/2026  | 1500 | 1503 |
| 4.650% due 10/01/2043  | 600 | 512 |
| 4.875% due 02/01/2027  | 2200 | 2215 |
| 4.875% due 03/01/2049  | 8468 | 7124 |
| 5.250% due 03/15/2030  | 3900 | 4002 |
| 5.300% due 03/01/2028  | 8300 | 8479 |
| 5.450% due 03/01/2035  | 20900 | 21201 |
| 5.850% due 11/01/2027  | 5400 | 5553 |
| 6.650% due 04/01/2029  | 8039 | 8427 |
| **Southern California Gas Co.**  |  |  |
| 2.550% due 02/01/2030  | 2200 | 2075 |
| 5.200% due 06/01/2033  | 8300 | 8589 |
| **Southern Co. Gas Capital Corp.**  |  |  |
| 1.750% due 01/15/2031  | 9700 | 8588 |
| 3.250% due 06/15/2026  | 4217 | 4203 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Southern Power Co.** <br>5.250% due 07/15/2043 | 1000 | 958 |
| **Southwest Gas Corp.** <br>4.050% due 03/15/2032 | 1575 | 1520 |
| **Southwestern Electric Power Co.** <br>3.250% due 11/01/2051 | 115 | 76 |
| **Southwestern Public Service Co.**  |  |  |
| 3.150% due 05/01/2050  | 8200 | 5441 |
| 6.000% due 06/01/2054  | 4000 | 4104 |
| **SPP-Distribucia AS** <br>1.000% due 06/09/2031 | 3600 | 3664 |
| **SW Finance I PLC**  |  |  |
| 7.000% due 04/16/2040  | 12600 | 17084 |
| 7.375% due 12/12/2041  | 4800 | 6702 |
| 7.750% due 10/31/2031  | 5600 | 8055 |
| **System Energy Resources, Inc.** <br>5.300% due 12/15/2034 | $10700 | 10821 |
| **Toledo Edison Co.** <br>2.650% due 05/01/2028 | 11334 | 10791 |
| **United Utilities Water Finance PLC** <br>3.500% due 02/27/2033 | 2100 | 2450 |
| **Verizon Communications, Inc.**  |  |  |
| 4.016% due 12/03/2029  | $200 | 199 |
| 4.750% due 01/15/2033  | 6935 | 6932 |
| 4.780% due 02/15/2035  | 2812 | 2770 |
| 5.000% due 01/15/2036  | 4100 | 4067 |
| 6.000% due 11/30/2065  | 6400 | 6323 |
| **Vistra Operations Co. LLC** <br>6.000% due 04/15/2034 | 5200 | 5484 |
| **Vodafone Group PLC** <br>5.125% due 06/04/2081 •  | 11100 | 8718 |
| **Xcel Energy, Inc.** <br>3.400% due 06/01/2030 | 240 | 231 |
|  |  | 1131579 |
| Total Corporate Bonds & Notes (Cost $9,161,481) |  | 8953644 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (g)  | 807 | 10 |
| 0.000% due 12/31/2027 (g)  | 1009 | 8 |
| 0.000% due 12/31/2028 (g)  | 1614 | 10 |
| 0.000% due 12/31/2029 (g)  | 1614 | 10 |
| 0.000% due 12/31/2030 (g)  | 2017 | 7 |
| 0.000% due 12/31/2031 (g)  | 2017 | 8 |
| 0.000% due 12/31/2032 (g)  | 3803 | 38 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(g)  | 9513 | 1522 |
| 0.000% due 06/23/2028 «(g)  | 1131 | 243 |
| Total Convertible Bonds & Notes (Cost $2,624) |  | 1856 |
| **MUNICIPAL BONDS & NOTES 0.3%**  |  |  |
| **ARIZONA 0.1%**  |  |  |
| **Maricopa County, Arizona Industrial Development Authority Revenue Notes, Series 2024** <br>7.375% due 10/01/2029 | 8000 | 8396 |
| **CALIFORNIA 0.0%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>4.214% due 06/01/2050 | 1000 | 732 |
| **FLORIDA 0.1%**  |  |  |
| **State Board of Administration Finance Corp. Florida Revenue Notes, Series 2024** <br>5.526% due 07/01/2034 | 5000 | 5261 |
| **TEXAS 0.1%**  |  |  |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023**  |  |  |
| 5.102% due 04/01/2035  | 9462 | 9717 |
| 5.169% due 04/01/2041  | 7600 | 7758 |
|  |  | 17475 |
| Total Municipal Bonds & Notes (Cost $30,851) |  | 31864 |
| **U.S. GOVERNMENT AGENCIES 9.2%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.500% due 06/01/2053 - 12/01/2053 | 4040 | 3950 |
| 5.000% due 01/01/2055 | 953 | 961 |
| 5.500% due 08/01/2054 - 01/01/2055 | 21922 | 22247 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| 6.500% due 06/01/2054 | 1185 | 1233 |
| **Federal Home Loan Mortgage Corp. Military Housing Bonds Resecuritization Trust Certificates**<br>5.992% due 11/25/2055 ~ | 3130 | 2043 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 01/01/2045 | 109 | 100 |
| 3.500% due 07/01/2046 | 1379 | 1303 |
| 4.000% due 08/01/2049 | 168 | 161 |
| 4.500% due 11/01/2048 - 07/01/2053 | 30695 | 30271 |
| 5.000% due 02/01/2054 - 02/01/2055 | 2852 | 2875 |
| 6.500% due 07/01/2054 - 10/01/2054 | 1335 | 1388 |
| **Government National Mortgage Association REMICS**<br>4.568% due 02/20/2074 •  | 2381 | 2381 |
| **Government National Mortgage Association, TBA**  |  |  |
| 4.000% due 02/01/2056 | 93600 | 88401 |
| 4.500% due 02/01/2056 | 55900 | 54417 |
| 5.000% due 02/01/2056 | 59300 | 59100 |
| 6.000% due 01/01/2056 - 02/01/2056 | 22700 | 23120 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 90 | 85 |
| 4.500% due 02/01/2056 | 420295 | 409972 |
| 5.000% due 02/01/2056 | 509300 | 507449 |
| Total U.S. Government Agencies (Cost $1,207,341) |  | 1211457 |
| **U.S. TREASURY OBLIGATIONS 15.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 11/15/2051 (p) | 204438 | 113072 |
| 2.250% due 08/15/2049 (p) | 74500 | 46743 |
| 2.250% due 02/15/2052 (p) | 12600 | 7649 |
| 2.375% due 11/15/2049 | 150000 | 96387 |
| 2.500% due 02/15/2046 | 76025 | 52965 |
| 2.500% due 05/15/2046 (p) | 91308 | 63359 |
| 2.750% due 08/15/2047 (p) | 115600 | 82627 |
| 3.000% due 08/15/2048 (p) | 4700 | 3481 |
| 3.125% due 05/15/2048 | 106300 | 80767 |
| 3.375% due 11/15/2048 (p) | 153500 | 121493 |
| 3.750% due 08/15/2041 | 168700 | 152094 |
| 4.000% due 11/15/2042 | 20500 | 18796 |
| 4.375% due 05/15/2041 | 230738 | 224898 |
| 4.375% due 08/15/2043 | 19500 | 18632 |
| 4.750% due 08/15/2055 | 226950 | 223191 |
| 4.875% due 08/15/2045 | 18023 | 18203 |
| **U.S. Treasury Inflation Protected Securities (i)** |  |  |
| 1.000% due 02/15/2046  | 7214 | 5446 |
| 2.125% due 02/15/2054  | 24868 | 22368 |
| 2.375% due 02/15/2055  | 19595 | 18609 |
| **U.S. Treasury Notes**  |  |  |
| 1.875% due 02/15/2032 (p)(r) | 52941 | 47226 |
| 2.750% due 08/15/2032 (p)(r) | 87293 | 81385 |
| 3.875% due 06/30/2030 (p) | 70000 | 70535 |
| 4.250% due 05/15/2035 | 77453 | 78113 |
| 4.250% due 08/15/2035 | 344593 | 347124 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 05/15/2042 (a) | 19400 | 8659 |
| Total U.S. Treasury Obligations (Cost $2,097,940) |  | 2003822 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.8%**  |  |  |
| **245 Park Avenue Trust** <br>3.508% due 06/05/2037 | 3622 | 3568 |
| **American Home Mortgage Assets Trust** <br>4.969% due 10/25/2046 •  | 1380 | 919 |
| **American Home Mortgage Investment Trust** <br>5.880% due 11/25/2045 •  | 447 | 174 |
| **BAMLL Commercial Mortgage Pass-Through Certificates**  |  |  |
| 3.110% due 04/25/2050 «  | 28409 | 27776 |
| 3.110% due 08/25/2052 «  | 10000 | 8982 |
| **BAMLL Commercial Mortgage Securities Trust** <br>2.627% due 01/15/2032 | 1150 | 1019 |
| **Banc of America Alternative Loan Trust** <br>5.750% due 11/25/2035 | 152 | 142 |
| **Banc of America Funding Trust**  |  |  |
| 3.976% due 01/25/2037 •  | 4294 | 3794 |
| 4.228% due 10/20/2036 •  | 888 | 697 |
| 4.408% due 06/20/2047 •  | 550 | 459 |
| 4.646% due 05/25/2037 •  | 238 | 220 |
| 5.037% due 06/20/2037 ~  | 1827 | 1628 |
| 5.750% due 01/25/2037  | 1943 | 1669 |
| 6.000% due 03/25/2037  | 877 | 675 |
| 20.233% due 07/25/2047 •  | 700 | 1070 |
| **Banc of America Mortgage Trust** <br>3.980% due 10/25/2035 ~ | 335 | 270 |
| **BCAP LLC Trust**  |  |  |
| 3.833% due 07/26/2036 ~  | 92 | 83 |
| 4.286% due 05/25/2047 •  | 410 | 381 |
| 6.000% due 07/26/2037 ~  | 75 | 70 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.039% due 03/25/2036 ~  | 114 | 93 |
| 4.159% due 08/25/2036 ~  | 808 | 361 |
| 4.166% due 08/25/2036 •  | 337 | 305 |
| 4.994% due 04/25/2035 ~  | 5325 | 4847 |
| **Bear Stearns ARM Trust** <br>4.244% due 06/25/2047 ~ | 1367 | 1226 |
| **Benchmark Mortgage Trust** <br>2.640% due 09/15/2048 | 1453 | 1432 |
| **Chase Mortgage Finance Trust** <br>6.000% due 06/25/2037 | 2833 | 1071 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates** <br>4.526% due 08/25/2037 •  | 236 | 214 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.126% due 01/25/2035 •  | 115 | 114 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.765% due 03/25/2037 ~ | 193 | 178 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.056% due 04/25/2047 •  | 798 | 715 |
| 4.196% due 05/25/2037 •  | 620 | 186 |
| 4.226% due 09/25/2046 •  | 988 | 976 |
| 4.228% due 09/20/2046 •  | 416 | 434 |
| 4.268% due 09/20/2046 •  | 1131 | 1102 |
| 5.379% due 08/25/2035 •  | 1139 | 994 |
| 5.500% due 07/25/2035  | 732 | 579 |
| 5.500% due 01/25/2036  | 696 | 449 |
| 6.000% due 03/25/2036  | 760 | 338 |
| 6.000% due 05/25/2036  | 80 | 38 |
| 6.000% due 06/25/2037  | 1390 | 611 |
| 6.500% due 12/25/2036  | 352 | 146 |
| **Countrywide Alternative Loan Trust Resecuritization** <br>6.000% due 08/25/2037 ~ | 747 | 374 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>5.250% due 09/25/2035 | 4756 | 3669 |
| **CSMC Trust**  |  |  |
| 3.840% due 04/28/2037 ~  | 566 | 529 |
| 3.850% due 09/25/2057 ~  | 419 | 406 |
| 3.867% due 05/27/2037 ~  | 2592 | 1711 |
| 3.930% due 06/26/2037 ~  | 876 | 857 |
| **CSWF Corp.** <br>4.931% due 06/15/2034 •  | 463 | 455 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 1200 | 1237 |
| **DROP Mortgage Trust** <br>5.014% due 10/15/2043 •  | 5000 | 4881 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 1.000% due 01/10/2075 «(b)  | 10 | 10 |
| 1.000% due 10/01/2075 «(b)  | 10 | 10 |
| 4.694% due 10/01/2075 «(b)  | 66500 | 67096 |
| **GSR Mortgage Loan Trust** <br>4.286% due 08/25/2046 •  | 19296 | 3971 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.256% due 12/19/2036 •  | 2111 | 1722 |
| 4.302% due 06/19/2036 ~  | 553 | 221 |
| 4.346% due 01/19/2036 •  | 1528 | 986 |
| **HSI Asset Loan Obligation Trust** <br>6.000% due 09/25/2037 | 83 | 58 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.326% due 07/25/2035 •  | 4786 | 4516 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.746% due 05/25/2037 ~  | 493 | 434 |
| 6.810% due 08/25/2036 þ  | 446 | 441 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>4.597% due 04/15/2037 •  | 2818 | 2785 |
| **Lehman Mortgage Trust** <br>6.000% due 07/25/2037 | 17 | 15 |
| **Merrill Lynch Mortgage Investors Trust** <br>7.000% due 05/25/2033 ~ | 2 | 2 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 4.815% due 12/15/2036 •  | 2341 | 1806 |
| 5.034% due 12/15/2038 •  | 6700 | 6461 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.962% due 06/25/2036 ~ | 342 | 85 |
| **Morgan Stanley Re-REMICS Trust** <br>5.500% due 01/26/2037 ~ | 2 | 2 |
| **MortgageIT Mortgage Loan Trust** <br>4.246% due 04/25/2036 •  | 2760 | 2021 |
| **New Century Alternative Mortgage Loan Trust** <br>6.667% due 07/25/2036 þ | 835 | 157 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 16997 | 16499 |
| 2.750% due 11/25/2059 ~  | 11717 | 11331 |
| 4.500% due 05/25/2058 ~  | 4657 | 4566 |
| **ONE Mortgage Trust** <br>4.564% due 03/15/2036 •  | 7700 | 7682 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **One New York Plaza Trust** <br>4.815% due 01/15/2036 •  | 2400 | 2354 |
| **PMT Loan Trust** <br>5.224% due 08/25/2056 •  | 897 | 898 |
| **Project Cashmere**  |  |  |
| 4.543% due 12/30/2057 «(b)  | 185600 | 123860 |
| 5.713% due 12/30/2057 «(b)  | 6200 | 4138 |
| 5.863% due 12/30/2057 «(b)  | 4300 | 2870 |
| 6.163% due 12/30/2057 «(b)  | 2300 | 1535 |
| 6.563% due 12/30/2057 «(b)  | 1700 | 1135 |
| **RALI Trust**  |  |  |
| 4.206% due 05/25/2036 •  | $644 | 596 |
| 4.226% due 08/25/2036 •  | 395 | 406 |
| 4.266% due 04/25/2046 •  | 6124 | 1522 |
| 5.007% due 10/25/2037 ~  | 3103 | 2470 |
| 5.077% due 01/25/2036 ~  | 898 | 599 |
| 5.314% due 07/25/2035 ~  | 87 | 80 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.873% due 05/25/2036 ~  | 778 | 436 |
| 4.146% due 08/25/2036 •  | 475 | 380 |
| **TBW Mortgage-Backed Trust** <br>6.280% due 01/25/2037 þ | 6583 | 1156 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.750% due 06/25/2057 ~  | 1600 | 1574 |
| 4.846% due 05/25/2058 •  | 453 | 462 |
| **WaMu Mortgage Pass-Through Certificates Trust** <br>4.651% due 07/25/2037 ~ | 235 | 215 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.869% due 11/25/2046 •  | 752 | 656 |
| 6.000% due 07/25/2036  | 164 | 118 |
| **Wells Fargo Alternative Loan Trust** <br>5.750% due 07/25/2037 | 85 | 75 |
| Total Non-Agency Mortgage-Backed Securities (Cost $373,614) |  | 364536 |
| **ASSET-BACKED SECURITIES 3.6%**  |  |  |
| **CMBS OTHER 0.1%**  |  |  |
| **BRSP Ltd.** <br>4.996% due 08/19/2038 •  | 2737 | 2739 |
| **MF1 LLC**  |  |  |
| 5.468% due 03/19/2039 •  | 1000 | 1003 |
| 6.366% due 09/17/2037 •  | 2565 | 2569 |
| **MF1 Ltd.** <br>5.081% due 02/19/2037 •  | 8441 | 8443 |
|  |  | 14754 |
| **HOME EQUITY OTHER 1.3%**  |  |  |
| **ABFC Trust** <br>4.106% due 01/25/2037 •  | 3240 | 2370 |
| **Accredited Mortgage Loan Trust** <br>4.106% due 09/25/2036 •  | 263 | 262 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.166% due 08/25/2036 •  | 1495 | 341 |
| 4.246% due 12/25/2036 •  | 4797 | 1214 |
| 4.791% due 05/25/2035 •  | 5500 | 5145 |
| **Argent Securities Trust**  |  |  |
| 3.956% due 09/25/2036 •  | 1549 | 503 |
| 4.386% due 05/25/2036 •  | 1232 | 296 |
| 4.406% due 04/25/2036 •  | 6061 | 1862 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.606% due 02/25/2036 •  | 1884 | 1555 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.306% due 11/25/2036 •  | 6743 | 6411 |
| **C-BASS Trust** <br>4.146% due 11/25/2036 •  | 1019 | 466 |
| **Carrington Mortgage Loan Trust** <br>4.096% due 10/25/2036 •  | 1815 | 1420 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 2233 | 2269 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.246% due 01/25/2037 •  | 8321 | 3591 |
| 4.366% due 03/25/2036 •  | 857 | 794 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.286% due 09/25/2047 •  | 179 | 184 |
| 4.306% due 05/25/2037 •  | 1891 | 1772 |
| 4.326% due 03/25/2036 •  | 840 | 780 |
| 4.586% due 08/25/2047 •  | 1525 | 1509 |
| **Ellington Loan Acquisition Trust** <br>4.946% due 05/25/2037 •  | 2112 | 2076 |
| **Fremont Home Loan Trust**  |  |  |
| 4.146% due 01/25/2037 •  | 1294 | 597 |
| 4.186% due 02/25/2037 •  | 1661 | 503 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **GSAA Home Equity Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 49449 | 9196 |
| 4.166% due 05/25/2036 •  | 32606 | 6962 |
| 4.341% due 03/25/2036 ~  | 1027 | 400 |
| 4.356% due 01/25/2036 •  | 5967 | 5294 |
| **GSAMP Trust**  |  |  |
| 4.006% due 01/25/2037 •  | 2475 | 1533 |
| 4.126% due 09/25/2036 •  | 65851 | 22368 |
| 4.186% due 01/25/2037 •  | 3523 | 3476 |
| **Home Equity Loan Trust** <br>4.186% due 04/25/2037 •  | 3100 | 2805 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.596% due 10/25/2035 •  | 1090 | 1086 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 3.881% due 07/25/2036 •  | 8826 | 8551 |
| 6.080% due 08/25/2036 þ  | 1192 | 699 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.166% due 09/25/2036 •  | 12463 | 3141 |
| 4.206% due 03/25/2046 •  | 3680 | 3255 |
| 4.326% due 09/25/2036 •  | 3942 | 996 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.326% due 03/25/2036 •  | 1974 | 1178 |
| 4.566% due 12/25/2034 •  | 6109 | 5745 |
| 4.596% due 10/25/2035 •  | 880 | 873 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 3.711% due 02/25/2037 þ  | 10186 | 1081 |
| 4.366% due 03/25/2037 •  | 4526 | 4304 |
| 4.596% due 09/25/2035 •  | 639 | 631 |
| 4.746% due 02/25/2047 •  | 4188 | 2428 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.986% due 10/25/2036 •  | 896 | 395 |
| 3.996% due 11/25/2036 •  | 1251 | 743 |
| 3.996% due 12/25/2036 •  | 606 | 306 |
| 3.996% due 02/25/2037 •  | 3380 | 1502 |
| 4.026% due 02/25/2037 •  | 10644 | 3396 |
| 4.046% due 02/25/2037 •  | 443 | 197 |
| 4.066% due 10/25/2036 •  | 979 | 432 |
| 4.076% due 02/25/2037 •  | 4056 | 1294 |
| 4.346% due 08/25/2036 •  | 5345 | 2695 |
| 4.466% due 12/25/2035 •  | 144 | 143 |
| 5.096% due 07/25/2037 •  | 2100 | 1880 |
| **Morgan Stanley Home Equity Loan Trust**  |  |  |
| 3.946% due 04/25/2037 •  | 191 | 99 |
| 4.196% due 04/25/2037 •  | 913 | 472 |
| **New Century Home Equity Loan Trust**  |  |  |
| 4.166% due 08/25/2036 •  | 3498 | 3500 |
| 4.551% due 02/25/2036 •  | 6100 | 5570 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.146% due 03/25/2037 •  | 988 | 312 |
| 4.266% due 01/25/2037 •  | 4014 | 1333 |
| 4.346% due 10/25/2036 •  | 1017 | 471 |
| **Option One Mortgage Loan Trust** <br>4.126% due 01/25/2037 •  | 3355 | 1977 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.581% due 08/25/2035 •  | 1887 | 1903 |
| **Renaissance Home Equity Loan Trust** <br>7.238% due 09/25/2037 þ | 10141 | 3924 |
| **Residential Asset Mortgage Products Trust** <br>4.077% due 12/25/2035 •  | 6275 | 5303 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>3.373% due 11/25/2037 •  | 8000 | 7480 |
|  |  | 167249 |
| **WHOLE LOAN COLLATERAL 0.0%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.196% due 12/25/2035 •  | 212 | 100 |
| 4.846% due 08/25/2035 •  | 76 | 44 |
| **Lehman XS Trust** <br>4.206% due 06/25/2036 •  | 44 | 53 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.346% due 03/25/2036 •  | 1107 | 702 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 3.671% due 02/25/2037 þ  | 1327 | 426 |
| 4.146% due 06/25/2037 •  | 464 | 280 |
| 4.386% due 04/25/2037 •  | 696 | 517 |
|  |  | 2122 |
| **OTHER ABS 2.2%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 5400 | 5410 |
| **37 Capital CLO II Ltd.** <br>5.195% due 07/15/2034 •  | 4000 | 4007 |
| **522 Funding CLO Ltd.** <br>5.186% due 10/20/2031 •  | 1076 | 1077 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **AIM Aviation Finance Ltd.** <br>6.213% due 02/15/2040 þ | 1205 | 1183 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 1000 | 1000 |
| **Apidos CLO XI** <br>5.122% due 04/17/2034 •  | 3400 | 3404 |
| **Apidos CLO XXXV** <br>5.196% due 04/20/2034 •  | 3000 | 3006 |
| **ARES XXVII CLO Ltd.** <br>5.009% due 10/28/2034 •  | 4100 | 4101 |
| **Atlas Senior Loan Fund XV Ltd.** <br>5.080% due 10/23/2032 •  | 4648 | 4651 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 1900 | 1900 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 3100 | 3100 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 5.070% due 10/23/2034 •  | 2500 | 2502 |
| 5.084% due 10/20/2034 •  | 4000 | 4004 |
| 5.124% due 07/16/2034 •  | 5000 | 5005 |
| 5.124% due 07/19/2034 •  | 5800 | 5803 |
| **Blackbird Capital Aircraft Lease Securitization Ltd.** <br>4.213% due 12/16/2041 þ | 601 | 603 |
| **BlueMountain CLO XXXIV Ltd.** <br>5.034% due 04/20/2035 •  | 1500 | 1501 |
| **Canyon CLO Ltd.** <br>4.985% due 07/15/2034 •  | 1000 | 999 |
| **Capital Four U.S. CLO II Ltd.** <br>5.784% due 01/20/2037 •  | 12000 | 12088 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>4.974% due 07/20/2034 •  | 4200 | 4202 |
| **CQS U.S. CLO Ltd.** <br>5.084% due 01/20/2035 •  | 1800 | 1802 |
| **Dryden 43 Senior Loan Fund** <br>4.954% due 04/20/2034 •  | 1000 | 1000 |
| **Dryden 86 CLO Ltd.** <br>5.012% due 07/17/2034 •  | 500 | 500 |
| **Dryden 95 CLO Ltd.** <br>4.929% due 08/20/2034 •  | 4300 | 4299 |
| **ECAF I Ltd.**  |  |  |
| 3.473% due 06/15/2040  | 86 | 77 |
| 4.947% due 06/15/2040  | 1890 | 1753 |
| **Elevation CLO Ltd.**  |  |  |
| 4.988% due 07/25/2034 •  | 2900 | 2898 |
| 5.158% due 01/25/2035 •  | 3200 | 3204 |
| **Fortress Credit BSL X Ltd.** <br>5.014% due 04/20/2033 •  | 1800 | 1802 |
| **GoldenTree Loan Management U.S. CLO 8 Ltd.** <br>5.034% due 10/20/2034 •  | 1000 | 1000 |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | 3600 | 3600 |
| **Greywolf CLO III Ltd.** <br>5.087% due 04/22/2033 •  | 4967 | 4970 |
| **ICG U.S. CLO Ltd.**  |  |  |
| 4.884% due 01/16/2033 •  | 708 | 708 |
| 5.034% due 10/20/2034 •  | 3000 | 3002 |
| **Jamestown CLO XVI Ltd.** <br>4.978% due 07/25/2034 •  | 3300 | 3301 |
| **Jamestown CLO XVIII Ltd.** <br>5.128% due 07/25/2035 •  | 10500 | 10516 |
| **KDAC Aviation Finance Ltd.** <br>4.212% due 12/15/2042 | 1044 | 1043 |
| **Labrador Aviation Finance Ltd.** <br>4.300% due 01/15/2042 | 4526 | 4532 |
| **LCM 31 Ltd.** <br>5.164% due 07/20/2034 •  | 6000 | 6010 |
| **Madison Park Funding XLIX Ltd.** <br>4.934% due 10/19/2034 •  | 3000 | 3000 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 2500 | 2498 |
| **Madison Park Funding XXXIX Ltd.** <br>5.107% due 10/22/2034 •  | 4000 | 4005 |
| **METAL LLC** <br>4.581% due 10/15/2042 | 5838 | 4086 |
| **Navesink CLO 2 Ltd.** <br>5.175% due 04/15/2036 •  | 1000 | 1000 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.972% due 10/14/2036 •  | 2900 | 2899 |
| **Northwoods Capital 25 Ltd.** <br>5.004% due 07/20/2034 •  | 1100 | 1098 |
| **Northwoods Capital XII-B Ltd.** <br>4.913% due 06/15/2031 •  | 2804 | 2807 |
| **Octagon Investment Partners 40 Ltd.** <br>4.924% due 01/20/2035 •  | 3000 | 2999 |
| **Pikes Peak CLO 2** <br>5.104% due 10/11/2034 •  | 3215 | 3219 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Pikes Peak CLO 4** <br>5.115% due 07/15/2034 •  | 2000 | 2002 |
| **Post CLO Ltd.** <br>4.985% due 10/15/2034 •  | 500 | 500 |
| **Regatta XVI Funding Ltd.** <br>5.105% due 01/15/2033 •  | 10466 | 10473 |
| **Rockford Tower CLO Ltd.** <br>5.084% due 07/20/2035 •  | 1800 | 1802 |
| **Sandstone Peak Ltd.** <br>5.185% due 10/15/2034 •  | 9000 | 9016 |
| **Sculptor CLO XXVII Ltd.** <br>4.944% due 07/20/2034 •  | 1300 | 1300 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 03/15/2055 «  | 3 | 40 |
| 4.780% due 03/15/2055  | 2400 | 2378 |
| 4.960% due 03/15/2055  | 48166 | 48558 |
| 5.100% due 03/15/2055  | 2400 | 2419 |
| 5.184% due 03/15/2055 •  | 5309 | 5319 |
| 5.260% due 03/15/2055  | 4700 | 4564 |
| **Sound Point CLO XXIII** <br>5.336% due 07/15/2034 •  | 4000 | 4013 |
| **Sound Point CLO XXVIII Ltd.** <br>5.138% due 01/25/2032 •  | 3752 | 3754 |
| **Start II Ltd.** <br>4.089% due 03/15/2044 | 1293 | 1290 |
| **Sunnova Sol IV Issuer LLC** <br>2.790% due 02/22/2049 | 3927 | 3317 |
| **Symphony CLO XXII Ltd.** <br>5.064% due 04/18/2033 •  | 3436 | 3438 |
| **TCW CLO AMR Ltd.** <br>5.151% due 08/16/2034 •  | 9000 | 9007 |
| **TIAA CLO IV Ltd.** <br>5.024% due 01/20/2032 •  | 822 | 822 |
| **Trysail CLO Ltd.** <br>5.123% due 10/20/2033 •  | 1000 | 1001 |
| **Venture 36 CLO Ltd.** <br>5.276% due 04/20/2032 •  | 1817 | 1818 |
| **Verdelite Static CLO Ltd.** <br>5.014% due 07/20/2032 •  | 6257 | 6259 |
| **Vibrant CLO XII Ltd.** <br>5.034% due 04/20/2034 •  | 1500 | 1500 |
| **Voya CLO Ltd.** <br>4.944% due 04/20/2034 •  | 5800 | 5799 |
| **Voya Ltd.** <br>5.166% due 10/15/2030 •  | 239 | 239 |
| **Wind River CLO Ltd.**  |  |  |
| 4.965% due 10/15/2034 •  | 1989 | 1985 |
| 4.994% due 07/20/2034 •  | 3500 | 3501 |
|  |  | 289288 |
| Total Asset-Backed Securities (Cost $540,010) |  | 473413 |
| **SOVEREIGN ISSUES 5.0%**  |  |  |
| **Abu Dhabi Government International Bonds** <br>3.125% due 04/16/2030 | 12600 | 12234 |
| **Australia Government Bonds** <br>1.000% due 11/21/2031 | 7850 | 4325 |
| **Brazil Government International Bonds**  |  |  |
| 7.125% due 05/13/2054  | $3800 | 3771 |
| 7.250% due 01/12/2056  | 5492 | 5453 |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (g) | 43800 | 7732 |
| **Brazil Notas do Tesouro Nacional** <br>6.000% due 08/15/2060 | 62264 | 9773 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $11700 | 12345 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 32700 | 33349 |
| **Export-Import Bank of India** <br>3.250% due 01/15/2030 | 6000 | 5752 |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 02/19/2030  | 13000 | 13462 |
| 5.500% due 03/12/2034  | 21100 | 21886 |
| 5.750% due 03/12/2054  | 8000 | 7712 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 2391000 | 11112 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.400% due 03/20/2055  | 400000 | 2098 |
| 3.200% due 09/20/2055  | 3120000 | 19315 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.000% due 12/20/2044  | 5480000 | 30444 |
| 2.400% due 03/20/2045  | 2867300 | 16946 |
| **Korea Development Bank** <br>3.000% due 01/13/2026 | $12700 | 12696 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **Kuwait International Government Bonds** <br>3.500% due 03/20/2027 | 14500 | 14443 |
| **Mexico Government International Bonds**  |  |  |
| 3.771% due 05/24/2061  | 3350 | 2074 |
| 4.500% due 03/19/2034  | 2000 | 2343 |
| 4.750% due 03/22/2031  | $10700 | 10604 |
| 5.625% due 09/22/2035  | 13300 | 13134 |
| 6.625% due 01/29/2038  | 4718 | 4935 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 110200 | 32718 |
| 6.150% due 08/12/2032  | 82504 | 26489 |
| 6.900% due 08/12/2037  | 3700 | 1152 |
| 6.950% due 08/12/2031  | 83280 | 27547 |
| 7.300% due 08/12/2033  | 51600 | 17538 |
| **Qatar Government International Bonds** <br>4.400% due 04/16/2050 | $5300 | 4699 |
| **Queensland Treasury Corp.** <br>1.500% due 08/20/2032 | 21000 | 11319 |
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 1827410 | 115162 |
| **Republic of South Africa Government International Bonds** <br>7.100% due 11/19/2036 | $2800 | 3010 |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 5700 | 6059 |
| 2.125% due 03/07/2028  | 5000 | 5780 |
| 2.875% due 04/13/2042  | 2300 | 1786 |
| 3.750% due 02/07/2034  | 500 | 530 |
| 5.250% due 03/10/2030  | 140 | 172 |
| 5.250% due 05/30/2032  | 9200 | 11061 |
| 5.375% due 03/22/2031  | 7450 | 9120 |
| **Saudi Government International Bonds**  |  |  |
| 2.250% due 02/02/2033  | $14100 | 12143 |
| 4.750% due 01/16/2030  | 21700 | 22172 |
| 5.000% due 01/18/2053  | 13700 | 12216 |
| 5.125% due 01/13/2028  | 26600 | 27190 |
| 5.375% due 01/13/2031  | 6000 | 6296 |
| **U.K. Gilts** <br>4.375% due 07/31/2054 | 17778 | 21036 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(h)  | $165 | 98 |
| 0.000% due 02/01/2034 þ(h)  | 618 | 295 |
| 0.000% due 02/01/2035 þ(h)  | 522 | 298 |
| 0.000% due 02/01/2036 þ(h)  | 435 | 247 |
| 4.500% due 02/01/2029 þ  | 2120 | 1595 |
| 4.500% due 02/01/2034 þ  | 909 | 557 |
| Total Sovereign Issues (Cost $628,901) |  | 656223 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Desarrolladora Homex SAB de CV «(e)** | 441790 | 0 |
| **FINANCIALS 0.0%**  |  |  |
| **Stichting Administratiekantoor «(e)** | 11933 | 0 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Drillco Holdings Luxembourg SA «(l)** | 184946 | 4173 |
| **Foresea Holdings SA «** | 97 | 2 |
| **Westmoreland Mining Holdings «(e)(l)** | 47724 | 27 |
| **Westmoreland Mining LLC «(e)(l)** | 48144 | 135 |
|  |  | 4337 |
| **MATERIALS 0.0%**  |  |  |
| **Petra Diamonds Ltd. (e)** | 1042150 | 239 |
| **REAL ESTATE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (e)** | 28186051 | 349 |
| **MNSN Holdings, Inc. «(e)(l)** | 9896 | 495 |
|  |  | 844 |
| Total Common Stocks (Cost $9,499) |  | 5420 |
| **WARRANTS 0.0%**  |  |  |
| **ENERGY 0.0%**  |  |  |
| **Constellation Oil Services Holding SA - Exp. 06/10/2071 «(l)** | 3 | 0 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| Total Warrants (Cost $0) |  | 0 |
| **CONVERTIBLE PREFERRED SECURITIES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Wells Fargo & Co.**<br>7.500% | 7750 | 9393 |
| Total Convertible Preferred Securities (Cost $5,523) |  | 9393 |
| **PREFERRED SECURITIES 3.7%**  |  |  |
| **BANKING & FINANCE 3.6%**  |  |  |
| **American AgCredit Corp.**<br>5.250% due 06/15/2026 (j) | 14000000 | 13762 |
| **Banco Santander SA**<br>8.000% due 02/01/2034 (j)(k) | 7800000 | 8634 |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 (j) | 58483000 | 59114 |
| **Bank of New York Mellon Corp.**<br>4.625% due 09/20/2026 (j) | 775000 | 771 |
| **Brighthouse Holdings LLC**<br>6.500% due 07/27/2037 þ(j) | 8000000 | 6772 |
| **CaixaBank SA**  |  |  |
| 5.875% due 10/09/2027 (j)(k) | 2000000 | 2437 |
| 8.250% due 03/13/2029 (j)(k) | 3000000 | 3926 |
| **Capital Farm Credit ACA**<br>5.000% due 03/15/2026 (j) | 35500000 | 35526 |
| **Charles Schwab Corp.**<br>4.000% due 12/01/2030 (j) | 21000000 | 19629 |
| **Citigroup, Inc.**  |  |  |
| 6.875% due 12/31/2099 | 13900000 | 14229 |
| 6.950% due 02/15/2030 (j) | 23625000 | 24347 |
| **CoBank ACB**  |  |  |
| 4.250% due 01/01/2027 (j) | 7900000 | 7756 |
| 6.250% due 10/01/2026 (j) | 9300000 | 9350 |
| 6.450% due 10/01/2027 (j) | 5000000 | 5040 |
| 7.125% due 01/01/2030 (j) | 5000000 | 5192 |
| **Cooperatieve Rabobank UA**<br>6.500% due 12/29/2049 þ(j) | 12627500 | 16710 |
| **Encina Private Credit LLC** « | 3793 | 0 |
| **Farm Credit Bank of Texas**  |  |  |
| 6.200% due 06/15/2028 (j) | 3000000 | 2971 |
| 7.000% due 09/15/2030 (j) | 5000000 | 5158 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.650% due 08/10/2026 (j) | 9000000 | 8880 |
| 6.125% due 11/10/2034 (j)(n) | 12700000 | 12943 |
| 6.850% due 02/10/2030 (j) | 19600000 | 20398 |
| 7.500% due 02/10/2029 (j) | 9300000 | 9870 |
| 7.500% due 05/10/2029 (j) | 9000000 | 9531 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.650% due 06/01/2026 (j) | 14000000 | 13929 |
| 4.625% due 06/01/2026 (j) | 327000 | 6422 |
| 6.406% (TSFR3M + 2.745%) due 04/01/2026 (j) | 32000000 | 32069 |
| 6.500% due 04/01/2030 (j) | 20000000 | 20772 |
| 6.875% due 06/01/2029 (j) | 14300000 | 15106 |
| **MetLife Capital Trust IV**<br>7.875% due 12/15/2067 | 2000000 | 2219 |
| **Morgan Stanley**  |  |  |
| 5.875% due 09/15/2026 (j) | 3000000 | 2994 |
| 6.500% due 10/15/2027 (j) | 389400 | 9918 |
| 6.625% due 10/15/2029 (j) | 92000 | 2404 |
| 7.145% (TSFR3M + 3.422%) due 03/15/2026 (j)(n) | 10280000 | 10312 |
| **Nationwide Building Society**<br>10.250% | 8561 | 1506 |
| **PNC Financial Services Group, Inc.**  |  |  |
| 3.400% due 09/15/2026 (j) | 5300000 | 5197 |
| 6.250% due 03/15/2030 (j) | 2900000 | 2996 |
| **State Street Corp.**<br>6.700% due 03/15/2029 (j) | 8500000 | 8839 |
| **U.S. Bancorp**<br>5.300% due 04/15/2027 (j) | 5045000 | 5064 |
| **Wells Fargo & Co.**  |  |  |
| 3.900% due 03/15/2026 (j) | 4300000 | 4288 |
| 4.250% due 09/15/2026 (j) | 678800 | 12062 |
| 6.850% due 09/15/2029 (j) | 12000000 | 12552 |
| 7.625% due 09/15/2028 (j) | 5800000 | 6192 |
|  |  | 477787 |
| **INDUSTRIALS 0.1%**  |  |  |
| **Land O' Lakes, Inc.**<br>7.000% due 09/18/2028 (j) | 4600000 | 3986 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 167 | 213 |
| **SVB Financial Trust**  |  |  |
| 0.000% due 11/07/2032 (g) | 400000 | 52 |
| 11.000% due 11/07/2032 | 11280 | 5375 |
|  |  | 9413 |
| Total Preferred Securities (Cost $503,213) |  | 487200 |
| **REAL ESTATE INVESTMENT TRUSTS 0.1%**  |  |  |
| **REAL ESTATE 0.1%**  |  |  |
| **Welltower, Inc.** | 74398 | 13809 |
| Total Real Estate Investment Trusts (Cost $4,200) |  | 13809 |
| **SHORT-TERM INSTRUMENTS 0.2%**  |  |  |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (m) 0.2%** |  | 30900 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.702% due 01/27/2026 - 04/14/2026 (f)(g)(r) | 2031 | 2013 |
| Total Short-Term Instruments (Cost $32,912) |  | 32913 |
| Total Investments in Securities (Cost $14,706,985) |  | 14355168 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 1.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 1.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 15329776 | 149327 |
| Total Short-Term Instruments (Cost $149,269) |  | 149327 |
| Total Investments in Affiliates (Cost $149,269) |  | 149327 |
| Total Investments 110.2% (Cost $14,856,254) |  | $14504495 |
| **Financial Derivative Instruments (o)(q) 0.0**%(Cost or Premiums, net $140,256) |  | 1656 |
| Other Assets and Liabilities, net (10.2)% |  | (1350104) |
| Net Assets 100.0% |  | $13156047 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 47 | 140 | 154 | 180 | 203 | 221 | 228 | 235 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(d)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(e)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(f)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(g)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(h)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(i)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(j)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(k)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC6.330% due 10/21/2026 | Alfa-Bank CJSC6.330% due 10/21/2026 | 10/27/2025 | 2912 | 2912 | 2912 | 2912 | 0.02 | % |
| Constellation Oil Services Holding SA - Exp. 06/10/2071 | Constellation Oil Services Holding SA - Exp. 06/10/2071 | 06/10/2022 | 0 | 0 | 0 | 0 | 0.00 |  |
| Constellation Pharmaceutical, Inc.5.550% due 07/01/2033 | Constellation Pharmaceutical, Inc.5.550% due 07/01/2033 | 01/16/2025 | 4895 | 4895 | 5087 | 5087 | 0.04 |  |
| Credit Opportunities Partners LLC6.520% due 03/20/2028 | Credit Opportunities Partners LLC6.520% due 03/20/2028 | 02/20/2025 | 3200 | 3200 | 3239 | 3239 | 0.02 |  |
| Credit Opportunities Partners LLC6.740% due 03/20/2030 | Credit Opportunities Partners LLC6.740% due 03/20/2030 | 02/20/2025 | 3800 | 3800 | 3871 | 3871 | 0.03 |  |
| Dorchester LLC4.349% due 01/04/2027 | Dorchester LLC4.349% due 01/04/2027 | 12/10/2025 | 6198 | 6198 | 6229 | 6229 | 0.05 |  |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | 06/08/2023 | 3699 | 3699 | 4173 | 4173 | 0.03 |  |
| Grifols SA7.500% due 05/01/2030 | Grifols SA7.500% due 05/01/2030 | 06/25/2025 - 08/20/2025 | 9745 | 9745 | 9901 | 9901 | 0.08 |  |
| Hardwood Funding LLC4.840% due 06/07/2028 | Hardwood Funding LLC4.840% due 06/07/2028 | 03/11/2025 | 3900 | 3900 | 3943 | 3943 | 0.03 |  |
| Hardwood Funding LLC4.980% due 06/07/2030 | Hardwood Funding LLC4.980% due 06/07/2030 | 03/11/2025 | 3900 | 3900 | 3966 | 3966 | 0.03 |  |
| Hardwood Funding LLC5.160% due 06/07/2032 | Hardwood Funding LLC5.160% due 06/07/2032 | 03/11/2025 | 3900 | 3900 | 3989 | 3989 | 0.03 |  |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | 04/19/2022 - 04/26/2022 | 192 | 192 | 495 | 495 | 0.00 |  |
| Morgan Stanley0.000% due 04/02/2032 | Morgan Stanley0.000% due 04/02/2032 | 02/11/2020 | 14237 | 14237 | 11589 | 11589 | 0.09 |  |
| National Football League5.250% due 10/05/2034 | National Football League5.250% due 10/05/2034 | 06/27/2025 | 19400 | 19400 | 19783 | 19783 | 0.15 |  |
| National Football League5.420% due 10/05/2037 | National Football League5.420% due 10/05/2037 | 06/27/2025 | 6900 | 6900 | 6974 | 6974 | 0.05 |  |
| Pantheon Senior Debt Secondaries III6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III6.026% due 03/26/2026 | 03/18/2025 | 4200 | 4200 | 4200 | 4200 | 0.03 |  |
| Pinnacol Assurance8.625% due 06/25/2034 | Pinnacol Assurance8.625% due 06/25/2034 | 06/23/2014 | 6000 | 6000 | 6485 | 6485 | 0.05 |  |
| Project Alpha Investindustrial4.150% due 02/27/2026 | Project Alpha Investindustrial4.150% due 02/27/2026 | 02/28/2025 | 2647 | 2647 | 2998 | 2998 | 0.02 |  |
| Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | 11/18/2025 | 10000 | 10000 | 9991 | 9991 | 0.08 |  |
| Westmoreland Mining Holdings | Westmoreland Mining Holdings | 12/08/2014  | 1393 | 1393 | 27 | 27 | 0.00 |  |
| Westmoreland Mining LLC | Westmoreland Mining LLC | 06/30/2023 | 319 | 319 | 135 | 135 | 0.00 |  |
|  |  | $ | 111437 | $ | 109987 | 0.83%  | 0.83%  | 0.83%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(m)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | $23200 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (23662) | $23200 | $ | $23200 | 23200 |
|  | 7700 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (7841) | 7700 |  | 7702 | 7702 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(31503)** | $**30900** | **$** | $**30902** | **30902** |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 40 | 42 | 61 | 81 | 82 | 96 | 105 | 123 | 139 | 154 | 158 | 167 | 173 | 184 | 208 | 226 |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | BPS | 3.750%  | 3.750%  | 3.750%  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | $ | $(5385) | (5385) | (5385) | $ | (5397) |
| BRC | BRC | BRC | 1.500  | 1.500  | 1.500  | 11/14/2025 | 11/14/2025 | 11/14/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | EUR | (2154) | (2154) | (2154) |  | (2536) |
|  |  |  | 1.650  | 1.650  | 1.650  | 06/11/2025 | 06/11/2025 | 06/11/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (1713) | (1713) | (1713) |  | (2032) |
|  |  |  | 1.650  | 1.650  | 1.650  | 06/24/2025 | 06/24/2025 | 06/24/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (1476) | (1476) | (1476) |  | (1750) |
|  |  |  | 1.650  | 1.650  | 1.650  | 09/17/2025 | 09/17/2025 | 09/17/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (1047) | (1047) | (1047) |  | (1236) |
|  |  |  | 2.650  | 2.650  | 2.650  | 12/19/2025 | 12/19/2025 | 12/19/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | GBP | (1372) | (1372) | (1372) |  | (1851) |
|  |  |  | 3.550  | 3.550  | 3.550  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | $ | $(9880) | (9880) | (9880) |  | (9901) |
| JML | JML | JML | 2.750  | 2.750  | 2.750  | 12/19/2025 | 12/19/2025 | 12/19/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | GBP | (2532) | (2532) | (2532) |  | (3417) |
| JPS | JPS | JPS | 3.630  | 3.630  | 3.630  | 12/12/2025 | 12/12/2025 | 12/12/2025 | 01/30/2026 | 01/30/2026 | 01/30/2026 | $ | $(1141) | (1141) | (1141) |  | (1143) |
| MEI | MEI | MEI | 2.000  | 2.000  | 2.000  | 12/12/2025 | 12/12/2025 | 12/12/2025 | 03/04/2026 | 03/04/2026 | 03/04/2026 |  | (4504) | (4504) | (4504) |  | (4509) |
| MSC | MSC | MSC | 3.250  | 3.250  | 3.250  | 12/12/2025 | 12/12/2025 | 12/12/2025 | 01/30/2026 | 01/30/2026 | 01/30/2026 |  | (9686) | (9686) | (9686) |  | (9705) |
| NOM | NOM | NOM | 2.500  | 2.500  | 2.500  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (2461) | (2461) | (2461) |  | (2465) |
|  |  |  | 3.500  | 3.500  | 3.500  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (10106) | (10106) | (10106) |  | (10126) |
| SAL | SAL | SAL | 2.250  | 2.250  | 2.250  | 12/12/2025 | 12/12/2025 | 12/12/2025 | 01/30/2026 | 01/30/2026 | 01/30/2026 |  | (3151) | (3151) | (3151) |  | (3155) |
| SOG | SOG | SOG | 3.500  | 3.500  | 3.500  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> | TBD<sup>(3)</sup> |  | (515) | (515) | (515) |  | (516) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  |  |  | **$** | **(59739)** |
| **(n)** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $64,718 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(157057) at a weighted average interest rate of 4.254%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Notional Amount | Cost | Cost | Market<br>Value |
| Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | $97.500 | 97.500 | 97.500 | 06/12/2026 | 06/12/2026 | 3167 | $7918 | 7918 | 7918 | 7918 | 2479 | 2479 | 293 |
| Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | 98.000 | 98.000 | 98.000 | 06/12/2026 | 06/12/2026 | 3302 | 8255 | 8255 | 8255 | 8255 | 1609 | 1609 | 191 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **$** | **4088** | **4088** | **484** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 769 | $769 | 769 | 769 | 769 | (129) | (129) | (120) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 295 | 295 | 295 | 295 | 295 | (50) | (50) | (94) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 1064 | 1064 | 1064 | 1064 | 1064 | (206) | (206) | (82) |
| Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | 98.500 | 98.500 | 98.500 | 06/12/2026 | 06/12/2026 | 3167 | 7918 | 7918 | 7918 | 7918 | (866) | (866) | (104) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 127.500 | 127.500 | 01/23/2026 | 01/23/2026 | 81 | 81 | 81 | 81 | 81 | (41) | (41) | (57) |
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 130.500 | 130.500 | 01/23/2026 | 01/23/2026 | 81 | 81 | 81 | 81 | 81 | (44) | (44) | (4) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **$** | **(1336)** | **(1336)** | **(461)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2027 | 03/2027 | 2619 | 2619 | 2619 | $634387 | 634387 | 634387 | $(197) | (197) | (197) | (197) | $ | $0 | 0 | $(164) |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2028 | 03/2028 | 2407 | 2407 | 2407 | 582163 | 582163 | 582163 | (331) | (331) | (331) | (331) |  | 0 | 0 | (180) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 12/2027 | 574 | 574 | 574 | 138915 | 138915 | 138915 | (65) | (65) | (65) | (65) |  | 0 | 0 | (43) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 588 | 588 | 588 | 42962 | 42962 | 42962 | 86 | 86 | 86 | 86 |  | 49 | 49 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 66 | 66 | 66 | 9010 | 9010 | 9010 | (65) | (65) | (65) | (65) |  | 0 | 0 | (6) |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 221 | 221 | 221 | 33132 | 33132 | 33132 | (459) | (459) | (459) | (459) |  | 0 | 0 | (60) |
| Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 486 | 486 | 486 | 59857 | 59857 | 59857 | 465 | 465 | 465 | 465 |  | 105 | 105 | (46) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 12091 | 12091 | 12091 | 2524469 | 2524469 | 2524469 | (191) | (191) | (191) | (191) |  | 0 | 0 | (850) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 6729 | 6729 | 6729 | 756592 | 756592 | 756592 | (4090) | (4090) | (4090) | (4090) |  | 0 | 0 | (1367) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 6138 | 6138 | 6138 | 724284 | 724284 | 724284 | (13016) | (13016) | (13016) | (13016) |  | 0 | 0 | (2302) |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 15 | 24 | 36 | 40 | 56 | 59 | 68 | 84 | 101 | 139 | 155 | 162 | 172 | 187 | 199 | 211 | 229 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1802 |  | 207258 | (1128) | (1128) | (1128) | (1128) | 0 | 0 | 0 | (338) |
|  |  |  |  |  |  |  |  |  |  |  | (18991) | (18991) | (18991) | $ | 154 | 154 | $ | (5356) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 109 | $ | (9602) | $105 | 105 | 105 | 105 | 23 | 23 | 23 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 6678 |  | (729937) | 1902 | 1902 | 1902 | 1902 | 782 | 782 | 782 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 2007 | 2007 | 2007 | $ | 805 | 805 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(16984)** | **(16984)** | **(16984)** | **$** | **959** | **959** | **$** | **(5356)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Ford Motor Co.  | (5.000)% | Quarterly | 06/20/2030 | 1.431 | 1.431 | % | $ | $18100 | 18100 | (2698) | 70 | $ | (2628) | (2628) | (2628) | 0 | 0 | 0 |
| General Motors Co.  | (5.000) | Quarterly | 06/20/2030 | 0.914 | 0.914 |  |  | 26100 | 26100 | (4468) | 60 |  | (4408) | (4408) | (4408) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $(7166) | 130 | 130 | $(7036) | (7036) | (7036) | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| AES Corp.  | 5.000% | Quarterly | 06/20/2026 | 0.167 | 0.167 | % | $ | $2100 | 2100 | 70 | (19) | $ | 51 | 51 | 51 | 0 | 0 | 0 |
| AES Corp.  | 5.000 | Quarterly | 12/20/2028 | 0.648 | 0.648 |  |  | 5000 | 5000 | 644 | (22) |  | 622 | 622 | 622 | 1 | 1 | 0 |
| American International Group, Inc.  | 1.000 | Quarterly | 12/20/2026 | 0.162 | 0.162 |  |  | 3900 | 3900 | 38 | (5) |  | 33 | 33 | 33 | 0 | 0 | 0 |
| American International Group, Inc.  | 1.000 | Quarterly | 12/20/2027 | 0.197 | 0.197 |  |  | 10500 | 10500 | 169 | (4) |  | 165 | 165 | 165 | 3 | 3 | 0 |
| AT&T, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.246 | 0.246 |  |  | 32200 | 32200 | 172 | (48) |  | 124 | 124 | 124 | 1 | 1 | 0 |
| AT&T, Inc.  | 1.000 | Quarterly | 06/20/2028 | 0.414 | 0.414 |  |  | 15000 | 15000 | 234 | (21) |  | 213 | 213 | 213 | 0 | 0 | (4) |
| Bank of America Corp.  | 1.000 | Quarterly | 12/20/2026 | 0.299 | 0.299 |  |  | 24400 | 24400 | 316 | (144) |  | 172 | 172 | 172 | 2 | 2 | 0 |
| Barclays PLC  | 1.000 | Quarterly | 12/20/2030 | 0.629 | 0.629 |  | EUR | 6400 | 6400 | 123 | 10 |  | 133 | 133 | 133 | 4 | 4 | 0 |
| Expedia Group, Inc.  | 1.000 | Quarterly | 12/20/2026 | 0.110 | 0.110 |  | $ | $2200 | 2200 | 23 | (4) |  | 19 | 19 | 19 | 0 | 0 | 0 |
| General Electric Co.  | 1.000 | Quarterly | 06/20/2026 | 0.051 | 0.051 |  |  | 8500 | 8500 | 55 | (15) |  | 40 | 40 | 40 | 0 | 0 | 0 |
| Glencore Finance  | 5.000 | Quarterly | 06/20/2031 | 0.920 | 0.920 |  | EUR | 14000 | 14000 | 3519 | (86) |  | 3433 | 3433 | 3433 | 0 | 0 | (9) |
| Goldman Sachs Group, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.252 | 0.252 |  | $ | $2400 | 2400 | 12 | (3) |  | 9 | 9 | 9 | 0 | 0 | 0 |
| Hess Corp.  | 1.000 | Quarterly | 06/20/2026 | 0.086 | 0.086 |  |  | 6900 | 6900 | 44 | (12) |  | 32 | 32 | 32 | 0 | 0 | 0 |
| Hess Corp.  | 1.000 | Quarterly | 12/20/2026 | 0.094 | 0.094 |  |  | 4800 | 4800 | 51 | (8) |  | 43 | 43 | 43 | 0 | 0 | 0 |
| Lennar Corp.  | 5.000 | Quarterly | 12/20/2026 | 0.259 | 0.259 |  |  | 2900 | 2900 | 163 | (27) |  | 136 | 136 | 136 | 0 | 0 | 0 |
| Lloyds Banking Group PLC  | 1.000 | Quarterly | 12/20/2030 | 0.562 | 0.562 |  | EUR | 11400 | 11400 | 269 | 10 |  | 279 | 279 | 279 | 5 | 5 | 0 |
| MGM Resorts International  | 5.000 | Quarterly | 12/20/2029 | 1.389 | 1.389 |  | $ | $12800 | 12800 | 1649 | 51 |  | 1700 | 1700 | 1700 | 10 | 10 | 0 |
| Morgan Stanley  | 1.000 | Quarterly | 06/20/2026 | 0.226 | 0.226 |  |  | 34300 | 34300 | 167 | (32) |  | 135 | 135 | 135 | 2 | 2 | 0 |
| National Rural Utilities Cooperative Finance Corp.  | 1.000 | Quarterly | 12/20/2026 | 0.055 | 0.055 |  |  | 2200 | 2200 | 24 | (3) |  | 21 | 21 | 21 | 0 | 0 | 0 |
| NextEra Energy Capital Holdings, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.143 | 0.143 |  |  | 9800 | 9800 | 58 | (16) |  | 42 | 42 | 42 | 0 | 0 | 0 |
| Oracle Corp.  | 1.000 | Quarterly | 06/20/2030 | 1.367 | 1.367 |  |  | 17500 | 17500 | 349 | (602) |  | (253) | (253) | (253) | 0 | 0 | (3) |
| T-Mobile USA, Inc.  | 5.000 | Quarterly | 06/20/2028 | 0.255 | 0.255 |  |  | 3800 | 3800 | 467 | (31) |  | 436 | 436 | 436 | 0 | 0 | 0 |
| Tesco PLC  | 1.000 | Quarterly | 12/20/2027 | 0.177 | 0.177 |  | EUR | 5350 | 5350 | 112 | (9) |  | 103 | 103 | 103 | 0 | 0 | 0 |
| Tesco PLC  | 1.000 | Quarterly | 06/20/2028 | 0.235 | 0.235 |  |  | 4100 | 4100 | 98 | (7) |  | 91 | 91 | 91 | 0 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 6 | 13 | 15 | 18 | 21 | 24 | 34 | 36 | 37 | 58 | 68 | 102 | 119 | 133 | 155 | 187 | 200 | 215 | 230 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 |  | $2500 | 14 |  | (4) |  | 10 | 0 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.287 | 0.287 |  | 6200 | 53 |  | (9) |  | 44 | 1 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 0.343 | 0.343 |  | 400 | 6 |  | (1) |  | 5 | 0 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.392 | 0.392 |  | 8300 | 134 |  | (11) |  | 123 | 0 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.425 | 0.425 |  | 2000 | 36 |  | (3) |  | 33 | 1 |  | 0 |
| Volkswagen International Finance NV  | Volkswagen International Finance NV  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.455 | 0.455 |  | 8900 | 123 |  | 18 |  | 141 | 0 |  | (1) |
| Électricité de France SA  | Électricité de France SA  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 0.549 | 0.549 |  | 15700 | 272 |  | 87 |  | 359 | 0 |  | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 9464 | 9464 | (970) | (970) | 8494 | 30 | 30 | (21) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | (5.000)% | (5.000)% | (5.000)% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | $ | 13700 | (1107) | $ | 0 | $ | (1107) | 0 | $ | 0 |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | (5.000) | (5.000) | (5.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 58600 | (4580) |  | 25 |  | (4555) | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (5687) | $ | 25 | $ | (5662) | 0 | $ | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000% | 1.000% | 1.000% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | $ | 710600 | 16359 | $ | (205) | $ | 16154 | 6 | $ | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 3209700 | 73202 |  | 459 |  | 73661 | 46 |  | 0 |
| iTraxx Main 44 5-Year Index  | iTraxx Main 44 5-Year Index  | iTraxx Main 44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | 135378 | 3414 |  | 309 |  | 3723 | 42 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 92975 | $ | 563 | $ | 93538 | 94 | $ | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | 3.750% | Annual | Annual | 09/17/2030 | GBP | 149325 | $(815) | (815) | $1643 | 1643 | 828 | $168 | 168 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | 4.500 | Annual | Annual | 09/17/2055 |  | 11260 | 432 | 432 | (561) | (561) | (129) | 0 | 0 | (30) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 12/18/2029 | $ | 505900 | (7618) | (7618) | 938 | 938 | (6680) | 659 | 659 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | 3.842 | Annual | Annual | 03/04/2030 |  | 16800 | (322) | (322) | 104 | 104 | (218) | 23 | 23 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.290 | 3.290 | 3.290 | Annual | Annual | 05/31/2030 |  | 193730 | (21) | (21) | 845 | 845 | 824 | 277 | 277 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.375 | 3.375 | 3.375 | Annual | Annual | 05/31/2030 |  | 258024 | 255 | 255 | (1) | (1) | 254 | 369 | 369 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.994 | 3.994 | 3.994 | Annual | Annual | 07/02/2034 |  | 46300 | (1343) | (1343) | 399 | 399 | (944) | 99 | 99 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.586 | 3.586 | 3.586 | Annual | Annual | 08/19/2034 |  | 13800 | 30 | 30 | 124 | 124 | 154 | 29 | 29 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.555 | 3.555 | 3.555 | Annual | Annual | 08/28/2034 |  | 15300 | 70 | 70 | 136 | 136 | 206 | 33 | 33 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.514 | 3.514 | 3.514 | Annual | Annual | 09/04/2034 |  | 17500 | 137 | 137 | 154 | 154 | 291 | 38 | 38 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | 3.975 | 3.975 | Annual | Annual | 03/21/2035 |  | 10900 | (286) | (286) | 118 | 118 | (168) | 25 | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.930 | 3.930 | 3.930 | Annual | Annual | 03/24/2035 |  | 18400 | (415) | (415) | 203 | 203 | (212) | 42 | 42 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.640 | 3.640 | 3.640 | Annual | Annual | 08/15/2035 |  | 122700 | 245 | 245 | 1010 | 1010 | 1255 | 279 | 279 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | 3.700 | 3.700 | Annual | Annual | 08/15/2035 |  | 122200 | (108) | (108) | 781 | 781 | 673 | 278 | 278 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | 3.715 | 3.715 | Annual | Annual | 08/15/2035 |  | 208501 | 532 | 532 | 371 | 371 | 903 | 475 | 475 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | 3.551 | 3.551 | Annual | Annual | 09/17/2035 |  | 8600 | 88 | 88 | 84 | 84 | 172 | 20 | 20 | 0 |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 14 | 18 | 26 | 35 | 51 | 58 | 88 | 100 | 106 | 131 | 147 | 161 | 163 | 198 | 200 | 214 | 228 | 230 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 06/20/2054 |  | 67400 |  | 5586 |  | 2282 |  | 7868 |  | 216 | 216 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | Annual | 02/15/2055 |  | 4200 |  | 235 |  | 150 |  | 385 |  | 14 | 14 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | Annual | 02/15/2055 |  | 25600 |  | 758 |  | 903 |  | 1661 |  | 85 | 85 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.848 | Annual | Annual | 02/15/2055 |  | 233200 |  | 10412 |  | 3000 |  | 13412 |  | 778 | 778 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.915 | Annual | Annual | 02/15/2055 |  | 19400 |  | 208 |  | 677 |  | 885 |  | 65 | 65 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.943 | Annual | Annual | 02/15/2055 |  | 18000 |  | 108 |  | 627 |  | 735 |  | 61 | 61 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.945 | Annual | Annual | 02/15/2055 |  | 18800 |  | 106 |  | 654 |  | 760 |  | 63 | 63 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.030 | Maturity | Maturity | 01/04/2027 | BRL | 741500 |  | (3172) |  | (480) |  | (3652) |  | 0 | 0 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.927 | Maturity | Maturity | 01/04/2027 |  | 885800 |  | (583) |  | (161) |  | (744) |  | 0 | 0 |  | (141) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.359 | Maturity | Maturity | 01/02/2029 |  | 461900 |  | (42) |  | 22 |  | (20) |  | 0 | 0 |  | (3) |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.402 | Maturity | Maturity | 01/02/2029 |  | 649700 |  | (39) |  | 34 |  | (5) |  | 0 | 0 |  | (4) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/19/2030 | AUD | 444100 |  | 5186 |  | (6598) |  | (1412) |  | 0 | 0 |  | (227) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | Semi-Annual | 12/17/2035 |  | 114700 |  | (1846) |  | (2985) |  | (4831) |  | 0 | 0 |  | (138) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.650 | Annual | Annual | 05/11/2027 | EUR | 26700 |  | (719) |  | 106 |  | (613) |  | 0 | 0 |  | (3) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.000 | Annual | Annual | 05/13/2027 |  | 69200 |  | (1426) |  | 397 |  | (1029) |  | 0 | 0 |  | (8) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.000 | Annual | Annual | 05/18/2027 |  | 31400 |  | (655) |  | 184 |  | (471) |  | 0 | 0 |  | (4) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 03/18/2031 |  | 168580 |  | 556 |  | (1599) |  | (1043) |  | 0 | 0 |  | (131) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 100 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.000 | Annual | Annual | 03/17/2053 |  | 32440 |  | 21302 |  | 1840 |  | 23142 |  | 75 | 75 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 |  | 88340 |  | (953) |  | 6221 |  | 5268 |  | 295 | 295 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $25883 | 25883 | $11620 | 11620 | $37503 | 37503 | $4466 | 4466 | 4466 | $(689) | (689) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**115469** | **115469** | $**11368** | **11368** | $**126837** | **126837** | $**4590** | **4590** | **4590** | $**(710)** | **(710)** |
| **(p)** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $304,508 and cash of $15,103 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(q)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $5582 | 5582 | 5582 | JPY | 867722 | 867722 | 867722 | 0 | 0 | 0 | 0 | $(39) | (39) | (39) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | EUR | 12916 | 12916 | 12916 | $ | $15155 | 15155 | 15155 | 0 | 0 | 0 | 0 | (31) | (31) | (31) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 8217 | 8217 | 8217 |  | 90 | 90 | 90 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 1551500 | 1551500 | 1551500 |  | 10040 | 10040 | 10040 | 127 | 127 | 127 | 127 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $23 | 23 | 23 | CAD | 31 | 31 | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 677 | 677 | 677 | TWD | 21351 | 21351 | 21351 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2630 | 2630 | 2630 | ZAR | 43845 | 43845 | 43845 | 14 | 14 | 14 | 14 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 10716 | 10716 | 10716 | $ | $3364 | 3364 | 3364 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $21178 | 21178 | 21178 | TRY | 963759 | 963759 | 963759 | 423 | 423 | 423 | 423 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 41047 | 41047 | 41047 | $ | $12176 | 12176 | 12176 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $924 | 924 | 924 | MXN | 17023 | 17023 | 17023 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | PEN | 15457 | 15457 | 15457 | $ | $4568 | 4568 | 4568 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 40607 | 40607 | 40607 |  | 26714 | 26714 | 26714 | 0 | 0 | 0 | 0 | (387) | (387) | (387) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | BRL | 433203 | 433203 | 433203 |  | 78730 | 78730 | 78730 | 0 | 0 | 0 | 0 | (325) | (325) | (325) |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 51 | 106 | 160 | 214 |
|  | 01/2026  | 1208 | 1534 | 8 | 0 |
|  | 01/2026  | 142292 | 20192 | 0 | (225) |
|  | 01/2026  | 7200 | 2233 | 0 | (27) |
|  | 01/2026  | 299466 | 3321 | 0 | (9) |
|  | 01/2026  | 6366200 | 40720 | 150 | (103) |
|  | 01/2026  | 27575 | 880 | 2 | 0 |
|  | 01/2026  | $79950 | 433203 | 0 | (895) |
|  | 01/2026  | 14004 | 98099 | 63 | 0 |
|  | 01/2026  | 2556 | 1938 | 56 | 0 |
|  | 01/2026  | 7560 | 686164 | 56 | 0 |
|  | 01/2026  | 5812 | 20922 | 16 | 0 |
|  | 01/2026  | 20958 | 658660 | 43 | (26) |
|  | 01/2026  | 5811 | 96888 | 31 | 0 |
|  | 01/2026  | 40865 | $2443 | 0 | (22) |
|  | 02/2026  | $3307 | 297943 | 0 | (1) |
|  | 02/2026  | 8263 | 259364 | 0 | (16) |
|  | 04/2026  | 6300 | $1103 | 0 | (23) |
|  | 05/2026  | $1831 | 558 | 0 | (13) |
|  | 06/2026  | 1295 | 395 | 0 | (6) |
|  | 07/2026  | 344 | 105 | 0 | (1) |
|  | 06/2027  | 800 | 243 | 0 | (5) |
|  | 05/2029  | 2919 | $10035 | 397 | 0 |
|  | 07/2029  | 610 | 2098 | 82 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 130566 | 20261 | 0 | (293) |
|  | 01/2026  | 4671 | 1456 | 0 | (10) |
|  | 01/2026  | 238200 | 1545 | 23 | 0 |
|  | 01/2026  | $1661 | 2486 | 0 | (2) |
|  | 01/2026  | 2635 | 4560 | 0 | (9) |
|  | 01/2026  | 28532 | 1281348 | 1228 | 0 |
|  | 01/2026  | 165866 | $9575 | 0 | (426) |
|  | 02/2026  | 4623 | 1435 | 0 | (17) |
|  | 02/2026  | $15126 | 686601 | 449 | 0 |
|  | 03/2026  | 25416 | 1155490 | 329 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 57110 | $367 | 2 | 0 |
|  | 01/2026  | 58 | 16 | 0 | (1) |
|  | 01/2026  | $40315 | 30490 | 784 | 0 |
|  | 01/2026  | 17 | 58 | 0 | 0 |
|  | 04/2026  | 12200 | $2148 | 2 | (35) |
|  | 04/2026  | 43351 | 12448 | 0 | (404) |
|  | 05/2026  | 13586 | 4011 | 0 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 44707 | 29669 | 0 | (169) |
|  | 01/2026  | 74230 | 52768 | 0 | (1344) |
|  | 01/2026  | 8578 | 10054 | 7 | (39) |
|  | 01/2026  | 7 | 2 | 0 | 0 |
|  | 01/2026  | 2010 | 197 | 0 | (2) |
|  | 01/2026  | 6112 | 3528 | 8 | 0 |
|  | 01/2026  | 13948 | 4121 | 0 | (26) |
|  | 01/2026  | 1908834 | 61141 | 366 | 0 |
|  | 01/2026  | $2573 | 3880 | 17 | 0 |
|  | 01/2026  | 9049 | 63169 | 15 | 0 |
|  | 01/2026  | 4517 | 3859 | 20 | 0 |
|  | 01/2026  | 70658 | 6416826 | 565 | 0 |
|  | 01/2026  | 30208 | 52194 | 0 | (148) |
|  | 01/2026  | 17 | 58 | 0 | 0 |
|  | 01/2026  | 979 | 3519 | 1 | 0 |
|  | 01/2026  | 12976 | 574124 | 248 | 0 |
|  | 01/2026  | 782 | 24701 | 4 | 0 |
|  | 01/2026  | 1009 | 17157 | 26 | 0 |
|  | 02/2026  | 8462 | $2662 | 5 | 0 |
|  | 02/2026  | 27779 | 7855 | 0 | (397) |
|  | 02/2026  | $207 | 6475 | 0 | (1) |
|  | 03/2026  | 5581 | $1654 | 0 | (2) |
|  | 04/2026  | 64711 | 19060 | 0 | (109) |
|  | 05/2026  | 38321 | 10806 | 0 | (539) |
|  | 08/2026  | 57381 | 16061 | 0 | (859) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 7734 | 2404 | 0 | (24) |
|  | 01/2026  | 4839 | 2797 | 10 | 0 |
|  | 01/2026  | $4522 | 14426 | 8 | 0 |
|  | 01/2026  | 2426 | 40787 | 34 | 0 |
|  | 01/2026  | 295587 | $16964 | 0 | (859) |
|  | 02/2026  | 14422 | 4522 | 0 | (7) |
|  | 02/2026  | $279 | 8741 | 0 | (1) |
|  | 03/2026  | 143 | 4539 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 138345 | $90383 | 0 | (1948) |
|  | 01/2026  | 70926 | 10077 | 0 | (100) |
|  | 01/2026  | 21982 | 12595 | 0 | (65) |
|  | 01/2026  | 32 | 25 | 0 | 0 |
|  | 01/2026  | $2394 | 7676 | 16 | 0 |
|  | 01/2026  | 641 | 11895 | 18 | 0 |
|  | 01/2026  | 2428 | 40743 | 29 | 0 |
|  | 01/2026  | 204965 | $11920 | 0 | (439) |
|  | 02/2026  | 7673 | 2394 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 432835 | 78228 | 0 | (760) |
|  | 01/2026  | $78663 | 432835 | 325 | 0 |
|  | 01/2026  | 29 | 23 | 0 | 0 |
|  | 01/2026  | 6597 | 46502 | 76 | 0 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 31 | 51 | 63 | 86 | 97 | 145 | 159 | 160 | 176 | 203 | 213 | 219 |
|  |  | 01/2026  | 954 | 954 | 954 | TRY | 42800 |  | 41 | 41 | 41 |  | 0 |
|  |  | 01/2026  | 152412 | 152412 | 152412 | $ | 8840 |  | 0 | 0 | 0 |  | (350) |
|  |  | 02/2026  | $59338 | 59338 | 59338 | BRL | 325344 |  | 0 | 0 | 0 |  | (414) |
|  |  | 03/2026  | 339 | 339 | 339 | $ | 62 |  | 1 | 1 | 1 |  | 0 |
|  |  | 03/2026  | $57984 | 57984 | 57984 | MXN | 1075650 |  | 1422 | 1422 | 1422 |  | 0 |
|  |  | 04/2026  | 25300 | 25300 | 25300 | $ | 4460 |  | 12 | 12 | 12 |  | (74) |
|  |  | 04/2026  | $78228 | 78228 | 78228 | BRL | 442481 |  | 862 | 862 | 862 |  | 0 |
|  |  | 04/2026  | 7813 | 7813 | 7813 | MXN | 144079 |  | 110 | 110 | 110 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 295253 | 295253 | 295253 | $ | 41923 |  | 0 | 0 | 0 |  | (442) |
|  |  | 01/2026  | 63406 | 63406 | 63406 |  | 19402 |  | 0 | 0 | 0 |  | (507) |
|  |  | 01/2026  | 11957 | 11957 | 11957 |  | 643 |  | 0 | 0 | 0 |  | (20) |
|  |  | 01/2026  | 8821 | 8821 | 8821 |  | 5118 |  | 38 | 38 | 38 |  | 0 |
|  |  | 01/2026  | 4967 | 4967 | 4967 |  | 1367 |  | 0 | 0 | 0 |  | (17) |
|  |  | 01/2026  | 62179 | 62179 | 62179 |  | 1990 |  | 10 | 10 | 10 |  | 0 |
|  |  | 01/2026  | $44382 | 44382 | 44382 | CAD | 60974 |  | 67 | 67 | 67 |  | 0 |
|  |  | 01/2026  | 8139 | 8139 | 8139 | CNH | 57174 |  | 65 | 65 | 65 |  | 0 |
|  |  | 01/2026  | 55865 | 55865 | 55865 | $ | 3255 |  | 0 | 0 | 0 |  | (113) |
|  |  | 03/2026  | $5071 | 5071 | 5071 | MXN | 92967 |  | 60 | 60 | 60 |  | 0 |
|  |  | 04/2026  | 2910 | 2910 | 2910 |  | 53605 |  | 39 | 39 | 39 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 4789 | 4789 | 4789 | $ | 3167 |  | 0 | 0 | 0 |  | (30) |
|  |  | 01/2026  | 130306 | 130306 | 130306 |  | 92584 |  | 0 | 0 | 0 |  | (2405) |
|  |  | 01/2026  | 1886 | 1886 | 1886 |  | 2374 |  | 0 | 0 | 0 |  | (9) |
|  |  | 01/2026  | 10701 | 10701 | 10701 |  | 14376 |  | 0 | 0 | 0 |  | (48) |
|  |  | 01/2026  | 1326873 | 1326873 | 1326873 |  | 8544 |  | 67 | 67 | 67 |  | 0 |
|  |  | 01/2026  | 6048 | 6048 | 6048 |  | 3496 |  | 12 | 12 | 12 |  | 0 |
|  |  | 01/2026  | $10816 | 10816 | 10816 | GBP | 8090 |  | 89 | 89 | 89 |  | 0 |
|  |  | 01/2026  | 13612 | 13612 | 13612 | JPY | 2118578 |  | 0 | 0 | 0 |  | (77) |
|  |  | 01/2026  | 29322 | 29322 | 29322 | NZD | 51075 |  | 94 | 94 | 94 |  | 0 |
|  |  | 01/2026  | 35998 | 35998 | 35998 | PLN | 131687 |  | 682 | 682 | 682 |  | 0 |
|  |  | 01/2026  | 1043 | 1043 | 1043 | TWD | 32929 |  | 5 | 5 | 5 |  | 0 |
|  |  | 03/2026  | 2114 | 2114 | 2114 | MXN | 38919 |  | 34 | 34 | 34 |  | 0 |
|  |  | 04/2026  | 2339 | 2339 | 2339 |  | 43164 |  | 35 | 35 | 35 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 15 | 15 | 15 | $ | 5 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 5 | 5 | 5 |  | 1 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 103641 | 103641 | 103641 |  | 80100 |  | 0 | 0 | 0 |  | (579) |
|  |  | 01/2026  | $31 | 31 | 31 | JPY | 4796 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 16838 | 16838 | 16838 | $ | 5229 |  | 0 | 0 | 0 |  | (58) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | $870 | 870 | 870 | TRY | 39275 |  | 30 | 30 | 30 |  | 0 |
|  |  | 03/2026  | 31 | 31 | 31 |  | 1409 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 141418 | 141418 | 141418 | $ | 20071 |  | 0 | 0 | 0 |  | (221) |
|  |  | 01/2026  | 43676 | 43676 | 43676 |  | 480 |  | 0 | 0 | 0 |  | (5) |
|  |  | 01/2026  | 380644 | 380644 | 380644 | EUR | 2103 |  | 41 | 41 | 41 |  | 0 |
|  |  | 01/2026  | 876229 | 876229 | 876229 | $ | 5638 |  | 40 | 40 | 40 |  | 0 |
|  |  | 01/2026  | $1208 | 1208 | 1208 | EUR | 1039 |  | 13 | 13 | 13 |  | 0 |
|  |  | 01/2026  | 1089 | 1089 | 1089 | GBP | 818 |  | 14 | 14 | 14 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 290557 | 290557 | 290557 | $ | 336396 |  | 0 | 0 | 0 |  | (5213) |
|  |  | 01/2026  | 220521 | 220521 | 220521 |  | 290583 |  | 0 | 0 | 0 |  | (6666) |
|  |  | 01/2026  | 165724 | 165724 | 165724 |  | 1060 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | $5467 | 5467 | 5467 | PEN | 18709 |  | 96 | 96 | 96 |  | 0 |
|  |  | 02/2026  | 25123 | 25123 | 25123 | $ | 7437 |  | 0 | 0 | 0 |  | (25) |
|  |  | 03/2026  | 13973 | 13973 | 13973 |  | 4136 |  | 0 | 0 | 0 |  | (10) |
|  |  | 03/2026  | $3 | 3 | 3 | MXN | 62 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 5773 | 5773 | 5773 | $ | 7213 |  | 0 | 0 | 0 |  | (82) |
|  |  | 01/2026  | $4638 | 4638 | 4638 | PLN | 16649 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 289547 | 289547 | 289547 | $ | 16649 |  | 0 | 0 | 0 |  | (811) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**10080** | **10080** | **10080** | **$** | $**(29400)** | **(29400)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1415.000 | 22465 | 22465 | 22465 | $152 | 152 | $ | $127 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1410.000 | 88138 | 88138 | 88138 | 628 | 628 |  | 491 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1413.000 | 43056 | 43056 | 43056 | 291 | 291 |  | 263 |
| BPS | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1412.000 | 1413 | 1413 | 1413 | 9 | 9 |  | 8 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1412.000 | 14797 | 14797 | 14797 | 100 | 100 |  | 83 |
|  |  |  |  |  |  |  |  |  |  | $1180 | 1180 | $ | $972 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BPS | Call - OTC 2-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 2.500% | 2.500% | 499300 | 499300 | 499300 | $2352 | 2352 | $ | $174 |
| FAR | Call - OTC 2-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 2.000 | 2.000 | 583000 | 583000 | 583000 | 1603 | 1603 |  | 43 |
|  |  |  |  |  |  |  |  |  |  | $3955 | 3955 | $ | $217 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**5135** | **5135** | **$** | $**1189** |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 31 | 73 | 85 | 97 | 109 | 113 | 145 | 176 | 219 |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1375.000 | 1375.000 | 02/19/2026 | 22465 | $(52) | $(33) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1375.000 | 1375.000 | 02/27/2026 | 131194 | (348) | (239) |
| BPS | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1372.000 | 1372.000 | 02/24/2026 | 1413 | (3) | (2) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1372.000 | 1372.000 | 02/24/2026 | 14797 | (33) | (22) |
|  |  |  |  |  |  |  |  |  | $(436) | $(296) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BPS | Call - OTC 2-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 1.500% | 04/29/2026 | 04/29/2026 | 499300 | $(749) | $(8) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.551 | 01/05/2026 | 01/05/2026 | 16800 | (39) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.831 | 01/05/2026 | 01/05/2026 | 16800 | (39) | (9) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 8400 | (22) | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 8400 | (22) | (2) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.622 | 01/29/2026 | 01/29/2026 | 16900 | (36) | (23) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.882 | 01/29/2026 | 01/29/2026 | 16900 | (36) | (50) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.580 | 01/05/2026 | 01/05/2026 | 17900 | (42) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.860 | 01/05/2026 | 01/05/2026 | 17900 | (41) | (3) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.548 | 01/02/2026 | 01/02/2026 | 16100 | (39) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.848 | 01/02/2026 | 01/02/2026 | 16100 | (39) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.578 | 01/12/2026 | 01/12/2026 | 16500 | (36) | (2) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.878 | 01/12/2026 | 01/12/2026 | 16500 | (36) | (16) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.648 | 01/15/2026 | 01/15/2026 | 16500 | (45) | (11) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.928 | 01/15/2026 | 01/15/2026 | 16500 | (45) | (13) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 17800 | (45) | (2) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 17800 | (45) | (3) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 17900 | (42) | (6) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 17900 | (42) | (9) |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.498 | 01/05/2026 | 01/05/2026 | 22000 | (51) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.798 | 01/05/2026 | 01/05/2026 | 22000 | (51) | (33) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 22400 | (53) | (7) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 22400 | (53) | (11) |
|  |  |  |  |  |  |  |  |  | $(1648) | $(210) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| GSC | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | $97.375 | 97.375 | 01/07/2026 | 01/07/2026 |  | $50900 | $(140) | $0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(2224)** | $**(506)** |

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------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 17 | 35 | 47 | 53 | 67 | 80 | 104 | 112 | 130 | 151 | 152 | 178 | 179 | 207 | 208 | 233 | 234 |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability | Liability |
| CBK | CBK | Brazil Government International Bonds  | 1.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.488% | $ | 800 | $(31) | (31) | $33 | 33 | $2 | 2 | $0 | 0 |
| DUB | DUB | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | 07/06/2026 | 07/06/2026 |  |  | 2800 | 0 | 0 | 24 | 24 | 24 | 24 | 0 | 0 |
| GST | GST | Equinix, Inc.  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.620 |  | 5800 | 811 | 811 | (437) | (437) | 374 | 374 | 0 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.362 |  | 2600 | (11) | (11) | 35 | 35 | 24 | 24 | 0 | 0 |
|  |  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.706 |  | 3500 | (30) | (30) | 20 | 20 | 0 | 0 | (10) | (10) |
| JPM | JPM | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.221 |  | 3800 | (30) | (30) | 45 | 45 | 15 | 15 | 0 | 0 |
| MYC | MYC | Brazil Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.603 |  | 12100 | (749) | (749) | 822 | 822 | 73 | 73 | 0 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.290 |  | 9700 | 27 | 27 | 42 | 42 | 69 | 69 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $(13) | (13) | $584 | 584 | $581 | 581 | $(10) | (10) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability | Liability |
| BOA | BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | 12/20/2030 | EUR | 24570 | 5617 | 5617 | 174 | 174 | 5791 | 5791 | 0 | 0 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 27070 | 6227 | 6227 | 153 | 153 | 6380 | 6380 | 0 | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 3750 | 849 | 849 | 35 | 35 | 884 | 884 | 0 | 0 |
| GST | GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | $ | 1200 | (35) | (35) | 39 | 39 | 4 | 4 | 0 | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 | EUR | 29320 | 6743 | 6743 | 167 | 167 | 6910 | 6910 | 0 | 0 |
| MYC | MYC | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | $ | 4200 | (124) | (124) | 137 | 137 | 13 | 13 | 0 | 0 |
| SAL | SAL | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 |  | 2800 | (80) | (80) | 88 | 88 | 8 | 8 | 0 | 0 |
|  |  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | 08/17/2061 |  | 6600 | (8) | (8) | 49 | 49 | 41 | 41 | 0 | 0 |
| UAG | UAG | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 |  | 1800 | (52) | (52) | 57 | 57 | 5 | 5 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $19137 | 19137 | $899 | 899 | $20036 | 20036 | $0 | 0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | iShares iBoxx $ Investment Grade Corporate Bond ETF  | N/A | &nbsp;&nbsp; 3.250% (SOFR less a specified spread) | &nbsp;&nbsp; 3.250% (SOFR less a specified spread) | &nbsp;&nbsp; 3.250% (SOFR less a specified spread) | Monthly | 09/23/2026 | 09/23/2026 | 59809 | $0 | 0 | $180 | 180 | $180 | 180 | $0 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**19124** | **19124** | $**1663** | **1663** | $**20797** | **20797** | $**(10)** | **(10)** |
| **(r)** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $20,103 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 46 | 72 | 82 | 99 | 108 | 123 | 146 | 159 | 171 | 185 | 205 | 231 |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $14000 | 14000 | $95618 | 95618 | $ | 109618 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 4043212 | 4043212 | 36140 | 36140 |  | 4079352 |  |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 3710868 | 3710868 | 31845 | 31845 |  | 3742713 |  |
| Utilities | Utilities | Utilities | 0 | 0 | 0 | 1131579 | 1131579 | 0 | 0 |  | 1131579 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 91 | 91 | 1765 | 1765 |  | 1856 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Arizona | Arizona | Arizona | 0 | 0 | 0 | 8396 | 8396 | 0 | 0 |  | 8396 |  |
| California | California | California | 0 | 0 | 0 | 732 | 732 | 0 | 0 |  | 732 |  |
| Florida | Florida | Florida | 0 | 0 | 0 | 5261 | 5261 | 0 | 0 |  | 5261 |  |
| Texas | Texas | Texas | 0 | 0 | 0 | 17475 | 17475 | 0 | 0 |  | 17475 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 1209414 | 1209414 | 2043 | 2043 |  | 1211457 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 2003822 | 2003822 | 0 | 0 |  | 2003822 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 127124 | 127124 | 237412 | 237412 |  | 364536 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 14754 | 14754 | 0 | 0 |  | 14754 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 167249 | 167249 | 0 | 0 |  | 167249 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 2122 | 2122 | 0 | 0 |  | 2122 |  |
| Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 289248 | 289248 | 40 | 40 |  | 289288 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 656223 | 656223 | 0 | 0 |  | 656223 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 0 | 4337 | 4337 |  | 4337 |  |
| Materials | Materials | Materials | 239 | 239 | 239 | 0 | 0 | 0 | 0 |  | 239 |  |
| Real Estate | Real Estate | Real Estate | 0 | 0 | 0 | 349 | 349 | 495 | 495 |  | 844 |  |
| Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 9393 | 9393 | 9393 | 0 | 0 | 0 | 0 |  | 9393 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 32312 | 32312 | 32312 | 445475 | 445475 | 0 | 0 |  | 477787 |  |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 9413 | 9413 | 0 | 0 |  | 9413 |  |
| Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts |  |
| Real Estate | Real Estate | Real Estate | 13809 | 13809 | 13809 | 0 | 0 | 0 | 0 |  | 13809 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 30900 | 30900 | 0 | 0 |  | 30900 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 2013 | 2013 | 0 | 0 |  | 2013 |  |
|  |  |  | $55753 | 55753 | 55753 | $13889720 | 13889720 | $409695 | 409695 | $ | 14355168 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $149327 | 149327 | 149327 | $0 | 0 | $0 | 0 | $ | 149327 |  |
| Total Investments | Total Investments | Total Investments | $205080 | 205080 | 205080 | $13889720 | 13889720 | $409695 | 409695 | $ | 14504495 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 177 | 177 | 177 | 5856 | 5856 | 0 | 0 |  | 6033 |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 32042 | 32042 | 24 | 24 |  | 32066 |  |
|  |  |  | $177 | 177 | 177 | $37898 | 37898 | $24 | 24 | $ | 38099 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (173) | (173) | (173) | (6354) | (6354) | 0 | 0 |  | (6527) |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (29916) | (29916) | 0 | 0 |  | (29916) |  |
|  |  |  | $(173) | (173) | (173) | $(36270) | (36270) | $0 | 0 | $ | (36443) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $4 | 4 | 4 | $1628 | 1628 | $24 | 24 | $ | 1656 |  |
| Totals | Totals | Totals | $205084 | 205084 | 205084 | $13891348 | 13891348 | $409719 | 409719 | $ | 14506151 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $(4230) | $ | 19 | $2 | $ | 2487 | $0 | 0 | $(6712) | (6712) | $95618 | $2344 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | (18700) |  | (2) | 0 |  | 5 | 0 | 0 | 0 | 0 | 36140 | 163 |
| Industrials | (353) |  | 0 | 0 |  | 644 | 0 | 0 | (949) | (949) | 31845 | 642 |
| Convertible Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 12 | 30 | 40 | 43 | 46 | 54 | 79 | 99 | 116 | 124 | 171 | 186 | 197 | 205 | 227 | 231 |
| Banking & Finance | Banking & Finance |  | 0 | 1671 |  |  | 0 | 0 | 448 | 0 | (354) | (354) | 0 | 0 |  | 1765 |  | (354) |
| U.S. Government Agencies | U.S. Government Agencies | 2099 | 2099 | 0 |  |  | (51) | (51) | 7 | 17 | (29) | (29) | 0 | 0 |  | 2043 |  | (29) |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 37238 | 37238 | 197888 |  |  | (1537) | (1537) | 49 | 76 | 3698 | 3698 | 0 | 0 |  | 237412 |  | 3704 |
| Asset-Backed Securities | Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other ABS | Other ABS | 0 | 0 | 37 |  |  | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 0 |  | 40 |  | 0 |
| Common Stocks | Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financials | Financials |  | 12 | 0 |  |  | 0 | 0 | 0 | 0 | (12) | (12) | 0 | 0 |  | 0 |  | 0 |
| Industrials | Industrials |  | 4869 | 0 |  |  | 0 | 0 | 0 | 0 | (532) | (532) | 0 | 0 |  | 4337 |  | (532) |
| Real Estate<sup>(4)</sup> | Real Estate<sup>(4)</sup> |  | 45 | 0 |  |  | 0 | 0 | 0 | 0 | 450 | 450 | 0 | 0 |  | 495 |  | 450 |
|  |  | $142533 | 142533 | 292718 | $ | $ | $(24871) | (24871) | $521 | $95 | $6360 | 6360 | $(7661) | (7661) | $ | 409695 | $ | 5938 |
| **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** |
| Over the counter | Over the counter | $161 | 161 | 0 | $ | $ | $(12) | (12) | $0 | $0 | $(125) | (125) | $0 | 0 | $ | 24 | $ | (7) |
| Totals | Totals | $142694 | 142694 | 292718 | $ | $ | $(24883) | (24883) | $521 | $95 | $6235 | 6235 | $(7661) | (7661) | $ | 409719 | $ | 5931 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $70167 | 70167 | 70167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939 - 7.602 | 3.939 - 7.602 | 3.939 - 7.602 | 5.103 | 5.103 |
|  |  |  |  | 17419 | 17419 | 17419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 95.550 | 95.550 | 95.550 |  |  |
|  |  |  |  | 6229 | 6229 | 6229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
|  |  |  |  | 1803 | 1803 | 1803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 42.500 - 100.250 | 42.500 - 100.250 | 42.500 - 100.250 | 81.573 | 81.573 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Other ABS | Other ABS | Other ABS | Other ABS | 40 | 40 | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 25.000 | 25.000 | 25.000 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 35484 | 35484 | 35484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.360 - 6.230 | 4.360 - 6.230 | 4.360 - 6.230 | 5.186 | 5.186 |
|  |  |  |  | 470 | 470 | 470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 | 100.000 |  |  |
|  |  |  |  | 186 | 186 | 186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | 6.000 | 6.000 | 6.000 |  |  |
| Industrials | Industrials | Industrials | Industrials | 31845 | 31845 | 31845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.990 - 5.350 | 4.990 - 5.350 | 4.990 - 5.350 | 5.095 | 5.095 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 1765 | 1765 | 1765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 16.000 - 21.500 | 16.000 - 21.500 | 16.000 - 21.500 | 16.757 | 16.757 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 2043 | 2043 | 2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 11.515 | 11.515 | 11.515 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 36758 | 36758 | 36758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.230 - 7.132 | 5.230 - 7.132 | 5.230 - 7.132 | 5.695 | 5.695 |
|  |  |  |  | 67117 | 67117 | 67117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 99.999 - 101.110 | 99.999 - 101.110 | 99.999 - 101.110 | 100.800 | 100.800 |
|  |  |  |  | 133537 | 133537 | 133537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Industrials | Industrials | Industrials | Industrials | 4337 | 4337 | 4337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $22.563 | 22.563 | 22.563 |  |  |
| Real Estate | Real Estate | Real Estate | Real Estate | 495 | 495 | 495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  |  |  |  |
| **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** | **Financial Derivative Instruments** **– Assets** |
| Over the counter | Over the counter | Over the counter | Over the counter | 24 | 24 | 24 | 24 | Indicative Market Quotation | Indicative Market Quotation | Indicative Market Quotation | Indicative Market Quotation | Broker Quote | Broker Quote | Broker Quote | 0.497 | 0.497 | 0.497 | 0.497 |
| Total | Total | Total | Total | $409719 | 409719 | 409719 |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |
| <sup>(4)</sup> | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 156.5% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.8%**  |  |  |
| **Citadel Securities LP**<br>5.672% - 9.340% (TSFR3M + 2.000%) due 10/31/2031 ~ | $1862 | $1874 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/03/2031 «~µ | 430 | 437 |
| TBD% due 01/05/2032 µ | 412 | 414 |
| TBD% (TSFR1M + 4.500%) due 01/03/2031 ~ | 1941 | 1975 |
| **Jane Street Group LLC**<br>5.822% - 9.234% (TSFR3M + 2.000%) due 12/15/2031 ~ | 2771 | 2762 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(j) | 700 | 700 |
| **Quikrete Holdings, Inc.**  |  |  |
| 5.966% - 8.949% (TSFR1M + 2.250%) due 02/10/2032 ~ | 1390 | 1395 |
| 5.966% - 8.966% (TSFR1M + 2.250%) due 03/19/2029 ~ | 1053 | 1058 |
| **Telecom Serbia**<br>3.522% - 9.719% (EUR006M + 1.350%) due 06/11/2029 «~ | 5000 | 5877 |
| **UKG, Inc.**<br>6.338% - 8.000% (TSFR3M + 2.500%) due 02/10/2031 ~ | $593 | 594 |
| **Vistra Zero Operating Co. LLC**<br>5.716% - 9.340% (TSFR1M + 2.000%) due 04/30/2031 ~ | 1692 | 1678 |
| Total Loan Participations and Assignments (Cost $18,173) |  | 18764 |
| **CORPORATE BONDS & NOTES 43.1%**  |  |  |
| **BANKING & FINANCE 16.8%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 250 | 258 |
| **Accident Fund Insurance Co. of America** <br>8.500% due 08/01/2032 | 2000 | 2012 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust**  |  |  |
| 3.300% due 01/30/2032  | 1000 | 924 |
| 3.850% due 10/29/2041  | 367 | 300 |
| **Aircastle Ltd.** <br>2.850% due 01/26/2028 | 2010 | 1955 |
| **Ally Financial, Inc.** <br>5.737% due 05/15/2029 •  | 700 | 718 |
| **American Express Co.**  |  |  |
| 3.433% due 05/20/2032 •  | 1600 | 1892 |
| 5.667% due 04/25/2036 •  | $500 | 528 |
| **American Financial Group, Inc.** <br>4.500% due 06/15/2047 | 7400 | 6233 |
| **American Homes 4 Rent LP** <br>3.625% due 04/15/2032 | 1200 | 1135 |
| **American Tower Corp.**  |  |  |
| 2.100% due 06/15/2030  | 1550 | 1408 |
| 2.900% due 01/15/2030  | 300 | 285 |
| 2.950% due 01/15/2051  | 2800 | 1790 |
| 5.550% due 07/15/2033  | 3500 | 3667 |
| **Arch Capital Group Ltd.** <br>3.635% due 06/30/2050 | 4200 | 3123 |
| **ARES Capital Corp.** <br>2.150% due 07/15/2026 | 1500 | 1481 |
| **ARES Finance Co. IV LLC** <br>3.650% due 02/01/2052 | 3100 | 2170 |
| **ARES Strategic Income Fund**  |  |  |
| 4.850% due 01/15/2029  | 1100 | 1087 |
| 5.800% due 09/09/2030  | 1600 | 1617 |
| **Athene Global Funding**  |  |  |
| 5.516% due 03/25/2027  | 1200 | 1219 |
| 5.583% due 01/09/2029  | 3500 | 3597 |
| **Aviation Capital Group LLC** <br>6.375% due 07/15/2030 | 3500 | 3742 |
| **Avilease Capital Ltd.** <br>4.750% due 11/12/2030 | 1100 | 1092 |
| **Avolon Holdings Funding Ltd.** <br>4.950% due 10/15/2032 | 2000 | 1982 |
| **Bank Leumi Le-Israel BM** <br>7.129% due 07/18/2033 •(h) | 1000 | 1047 |
| **Bank of America Corp.** <br>5.819% due 09/15/2029 •  | 3300 | 3445 |
| **Barclays PLC**  |  |  |
| 2.894% due 11/24/2032 •  | 2300 | 2097 |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

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| | | |
|:---|:---|:---|
| 6.224% due 05/09/2034 •  | 2900 | 3120 |
| **Blackstone Holdings Finance Co. LLC**  |  |  |
| 2.000% due 01/30/2032  | 2300 | 1983 |
| 2.850% due 08/05/2051  | 2800 | 1758 |
| **Block Financial LLC** <br>5.375% due 09/15/2032 | 2000 | 2014 |
| **Blue Owl Finance LLC**  |  |  |
| 3.125% due 06/10/2031  | 4408 | 4002 |
| 4.375% due 02/15/2032  | 200 | 190 |
| **BNP Paribas SA** <br>5.283% due 11/19/2030 •  | 1000 | 1030 |
| **BPCE SA** <br>7.003% due 10/19/2034 •  | 13450 | 14983 |
| **Broadstone Net Lease LLC** <br>5.000% due 11/01/2032 | 300 | 301 |
| **Brookfield Asset Management Ltd.** <br>5.795% due 04/24/2035 | 700 | 734 |
| **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** <br>2.340% due 01/30/2032 | 5190 | 4552 |
| **Brookfield Finance LLC/Brookfield Finance, Inc.** <br>3.450% due 04/15/2050 | 50 | 35 |
| **Brookfield Finance, Inc.**  |  |  |
| 3.500% due 03/30/2051  | 6100 | 4245 |
| 3.625% due 02/15/2052  | 800 | 566 |
| 4.700% due 09/20/2047  | 5500 | 4775 |
| **Brown & Brown, Inc.** <br>5.650% due 06/11/2034 | 1650 | 1707 |
| **CaixaBank SA**  |  |  |
| 6.037% due 06/15/2035 •  | 900 | 960 |
| 6.840% due 09/13/2034 •  | 3900 | 4353 |
| **Cape Lookout Re Ltd.** <br>12.287% (GSMMUSTF + 8.702%) due 04/05/2027 ~ | 2700 | 2798 |
| **Capital One Financial Corp.** <br>5.197% due 09/11/2036 •  | 2200 | 2190 |
| **Carlyle Finance LLC** <br>5.650% due 09/15/2048 | 6000 | 5881 |
| **CBRE Services, Inc.** <br>5.950% due 08/15/2034 | 1900 | 2034 |
| **CFE Fibra E** <br>5.875% due 09/23/2040 | 1091 | 1091 |
| **Charles River Re Ltd.** <br>11.262% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 250 | 262 |
| **CI Financial Corp.** <br>7.500% due 05/30/2029 | 150 | 160 |
| **Citizens Financial Group, Inc.** <br>5.718% due 07/23/2032 •  | 3000 | 3147 |
| **Community Preservation Corp.** <br>2.867% due 02/01/2030 | 1980 | 1851 |
| **COPT Defense Properties LP** <br>4.500% due 10/15/2030 | 400 | 399 |
| **Corp0hrg0** <br>5.330% due 06/07/2035 «(j) | 900 | 925 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 1500 | 1376 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 | 2000 | 631 |
| **CTR Partnership LP/CareTrust Capital Corp.** <br>3.875% due 06/30/2028 | $100 | 99 |
| **DAE Sukuk Difc Ltd.** <br>4.500% due 10/16/2030 | 800 | 791 |
| **Dai-ichi Life Insurance Co. Ltd.** <br>6.200% due 01/16/2035 •(g) | 1200 | 1258 |
| **Danske Bank AS** <br>4.375% due 06/12/2028 | 6200 | 6250 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 5000 | 4500 |
| **East Lane Re VII Ltd.** <br>12.550% (JMMMUSTF + 8.890%) due 03/31/2026 ~ | 2100 | 2139 |
| **Encore Capital Group, Inc.** <br>6.625% due 04/15/2031 | 1300 | 1308 |
| **EPR Properties**  |  |  |
| 3.750% due 08/15/2029  | 900 | 873 |
| 4.950% due 04/15/2028  | 600 | 605 |
| **EQT AB** <br>5.850% due 05/08/2035 | 2200 | 2260 |
| **Equinix Europe 2 Financing Corp. LLC** <br>4.600% due 11/15/2030 | 700 | 702 |
| **Equinix, Inc.** <br>3.400% due 02/15/2052 | 1900 | 1305 |
| **Equitable Holdings, Inc.** <br>5.000% due 04/20/2048 | 3393 | 3049 |
| **Extra Space Storage LP**  |  |  |
| 2.350% due 03/15/2032  | 400 | 350 |
| 5.500% due 07/01/2030  | 1100 | 1146 |
| **F&G Global Funding**  |  |  |
| 2.000% due 09/20/2028  | 1100 | 1032 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 5.875% due 01/16/2030  | 1000 | 1039 |
| **Fairfax Financial Holdings Ltd.** <br>6.100% due 03/15/2055 | 2300 | 2318 |
| **Farmers Insurance Exchange** <br>4.747% due 11/01/2057 •  | 3300 | 2839 |
| **Fish Pond Re Ltd.** <br>7.630% (BRMMUSDF + 4.020%) due 01/08/2027 ~ | 2700 | 2750 |
| **FMR LLC** <br>5.150% due 02/01/2043 | 11300 | 10764 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 6.800% due 05/12/2028  | 5900 | 6158 |
| 6.950% due 06/10/2026  | 1700 | 1715 |
| **Freedom Mortgage Holdings LLC** <br>6.875% due 05/01/2031 | 600 | 601 |
| **FS KKR Capital Corp.**  |  |  |
| 3.125% due 10/12/2028  | 1800 | 1662 |
| 3.250% due 07/15/2027  | 2200 | 2125 |
| **GA Global Funding Trust**  |  |  |
| 1.950% due 09/15/2028  | 1400 | 1320 |
| 2.250% due 01/06/2027  | 1600 | 1571 |
| 2.900% due 01/06/2032  | 1600 | 1424 |
| **Global Atlantic Fin Co.** <br>3.125% due 06/15/2031 | 1500 | 1358 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 5.750% due 11/01/2037  | 2800 | 2795 |
| 6.250% due 09/15/2054  | 721 | 718 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 700 | 701 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.615% due 04/22/2032 •  | 6000 | 5473 |
| 5.218% due 04/23/2031 •  | 2300 | 2376 |
| 5.330% due 07/23/2035 •  | 2100 | 2158 |
| 5.536% due 01/28/2036 •  | 2000 | 2077 |
| **Goodman U.S. Finance Four LLC** <br>4.500% due 10/15/2037 | 7400 | 6919 |
| **Hanover Insurance Group, Inc.** <br>5.500% due 09/01/2035 | 1500 | 1526 |
| **HPS Corporate Lending Fund**  |  |  |
| 5.450% due 11/15/2030  | 900 | 898 |
| 5.850% due 06/05/2030  | 2100 | 2127 |
| **HSBC Holdings PLC** <br>7.390% due 11/03/2028 •  | 1596 | 1688 |
| **Indian Railway Finance Corp. Ltd.** <br>3.570% due 01/21/2032 | 2200 | 2090 |
| **ING Groep NV** <br>6.114% due 09/11/2034 •  | 6919 | 7479 |
| **Intercontinental Exchange, Inc.** <br>3.000% due 09/15/2060 | 2100 | 1261 |
| **Intesa Sanpaolo SpA**  |  |  |
| 7.200% due 11/28/2033  | 1900 | 2171 |
| 8.248% due 11/21/2033 •  | 2289 | 2704 |
| **Invitation Homes Operating Partnership LP** <br>5.450% due 08/15/2030 | 3100 | 3228 |
| **Israel Discount Bank Ltd.** <br>5.375% due 01/26/2028 | 2900 | 2949 |
| **JAB Holdings BV**  |  |  |
| 3.750% due 05/28/2051  | 2750 | 1889 |
| 4.500% due 04/08/2052  | 300 | 235 |
| **Jackson National Life Global Funding**  |  |  |
| 4.600% due 10/01/2029  | 1400 | 1405 |
| 5.550% due 07/02/2027  | 1300 | 1328 |
| **Jones Lang LaSalle, Inc.** <br>6.875% due 12/01/2028 | 2150 | 2302 |
| **JPMorgan Chase & Co.**  |  |  |
| 5.140% due 01/24/2031 •  | 2000 | 2068 |
| 5.572% due 04/22/2036 •  | 4300 | 4513 |
| **Kilroy Realty LP** <br>2.650% due 11/15/2033 | 200 | 164 |
| **Kizuna RE III Pte. Ltd.** <br>6.292% (T-BILL 3MO + 2.750%) due 04/09/2029 ~ | 490 | 502 |
| **KKR Group Finance Co. X LLC** <br>3.250% due 12/15/2051 | 2500 | 1660 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>5.500% due 08/01/2030 | 300 | 307 |
| **Lazard Group LLC** <br>4.375% due 03/11/2029 | 1800 | 1804 |
| **Lehman Brothers Holdings, Inc.** <br>1.000% due 09/27/2027 ^(c) | 1200 | 0 |
| **Lincoln Financial Global Funding** <br>4.625% due 08/18/2030 | 300 | 302 |
| **Lloyds Banking Group PLC** <br>5.985% due 08/07/2027 •  | 1700 | 1719 |
| **Longleaf Pine Re Ltd.** <br>21.553% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 900 | 990 |
| **LPL Holdings, Inc.** <br>5.150% due 06/15/2030 | 1000 | 1020 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Marex Group PLC** <br>5.829% due 05/08/2028 | 800 | 814 |
| **Meiji Yasuda Life Insurance Co.** <br>6.100% due 06/11/2055 •  | 1200 | 1246 |
| **Met Tower Global Funding** <br>4.200% due 09/16/2030 | 2500 | 2492 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(j)  | 3700 | 2714 |
| 4.654% due 10/18/2030 •  | 3000 | 3037 |
| 5.042% due 07/19/2030 •  | 2300 | 2359 |
| **Morgan Stanley Direct Lending Fund** <br>4.500% due 02/11/2027 | 800 | 799 |
| **Morgan Stanley Private Bank NA** <br>4.465% due 11/19/2031 •  | 1600 | 1605 |
| **National Health Investors, Inc.** <br>3.000% due 02/01/2031 | 460 | 418 |
| **National Securities Clearing Corp.** <br>4.900% due 06/26/2029 | 4000 | 4114 |
| **Nationwide Building Society** <br>6.557% due 10/18/2027 •  | 6100 | 6216 |
| **Nationwide Financial Services, Inc.** <br>3.900% due 11/30/2049 | 4000 | 3036 |
| **NatWest Group PLC** <br>4.892% due 05/18/2029 •  | 6300 | 6411 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 1467 | 1575 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 2.000% due 03/09/2026  | 450 | 448 |
| 2.450% due 09/15/2028  | 170 | 158 |
| **Nomura Holdings, Inc.**  |  |  |
| 4.904% due 07/01/2030  | 200 | 203 |
| 5.783% due 07/03/2034  | 1000 | 1057 |
| 7.000% due 07/15/2030 •(g)(h)  | 2300 | 2371 |
| **Norinchukin Bank** <br>5.359% due 09/09/2035 | 1400 | 1420 |
| **OneMain Finance Corp.** <br>3.500% due 01/15/2027 | 1990 | 1972 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 250 | 306 |
| **Pacific Life Insurance Co.** <br>5.950% due 09/15/2055 | $4300 | 4313 |
| **Polestar Re Ltd.** <br>16.860% (BRMMUSDF + 13.250%) due 01/07/2027 ~ | 1700 | 1774 |
| **Popular, Inc.** <br>7.250% due 03/13/2028 | 2400 | 2531 |
| **Prologis Targeted U.S. Logistics Fund LP** <br>4.250% due 01/15/2031 | 800 | 794 |
| **Protective Life Corp.** <br>5.350% due 12/15/2035 | 1700 | 1720 |
| **Public Storage Operating Co.** <br>3.500% due 01/20/2034 | 1700 | 1969 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 300 | 353 |
| **Quercus Re DAC** <br>10.050% (EUR003M + 8.000%) due 01/06/2031 ~ | 250 | 301 |
| **Reinsurance Group of America, Inc.** <br>6.000% due 09/15/2033 | $2100 | 2242 |
| **RGA Global Funding** <br>6.000% due 11/21/2028 | 3500 | 3675 |
| **Sammons Financial Group Global Funding**  |  |  |
| 4.800% due 12/12/2030  | 900 | 903 |
| 4.950% due 06/12/2030  | 2100 | 2132 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.896% due 03/15/2032 •  | 200 | 184 |
| 6.534% due 01/10/2029 •  | 900 | 941 |
| **SBA Tower Trust** <br>4.831% due 10/15/2029 | 4300 | 4331 |
| **Sixth Street Lending Partners** <br>5.750% due 01/15/2030 | 1000 | 1014 |
| **Skandinaviska Enskilda Banken AB** <br>4.500% due 09/03/2030 | 1500 | 1507 |
| **Starwood Property Trust, Inc.** <br>6.500% due 07/01/2030 | 1000 | 1047 |
| **Stellantis Financial Services U.S. Corp.** <br>5.400% due 09/15/2030 | 800 | 813 |
| **Synchrony Financial** <br>2.875% due 10/28/2031 | 430 | 386 |
| **Torrey Pines Re Ltd.**  |  |  |
| 10.766% (JMMMUSTF + 7.106%) due 06/07/2032 ~  | 250 | 261 |
| 12.988% (BRMMUSDF + 9.378%) due 06/05/2031 ~  | 250 | 255 |
| **Trust 2401** <br>4.869% due 01/15/2030 | 395 | 389 |
| **Trust Fibra Uno** <br>4.869% due 01/15/2030 | 205 | 201 |
| **U.S. Bancorp** <br>5.424% due 02/12/2036 •  | 600 | 624 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **UBS Group AG**  |  |  |
| 1.305% due 02/02/2027 •  | 2700 | 2692 |
| 1.494% due 08/10/2027 •  | 5600 | 5512 |
| 3.091% due 05/14/2032 •  | 7500 | 6966 |
| 4.703% due 08/05/2027 •  | 2200 | 2208 |
| 4.751% due 05/12/2028 •  | 800 | 807 |
| 4.988% due 08/05/2033 •  | 1700 | 1726 |
| 5.428% due 02/08/2030 •  | 1700 | 1759 |
| **UniCredit SpA** <br>3.127% due 06/03/2032 •  | 5700 | 5300 |
| **Ursa Re II Ltd.** <br>11.292% (T-BILL 3MO + 7.750%) due 06/07/2028 ~ | 300 | 300 |
| **Ursa Re Ltd.** <br>9.130% (BNMMDTSC + 5.500%) due 12/07/2026 ~ | 2500 | 2572 |
| **VICI Properties LP** <br>6.125% due 04/01/2054 | 710 | 708 |
| **VICI Properties LP/VICI Note Co., Inc.** <br>3.875% due 02/15/2029 | 2900 | 2848 |
| **Vitality Re XVI Ltd.**  |  |  |
| 5.370% (MSMMUSTF + 1.750%) due 01/08/2030 ~  | 250 | 250 |
| 7.370% (MSMMUSTF + 3.750%) due 01/08/2030 ~  | 250 | 251 |
| **Wells Fargo & Co.**  |  |  |
| 3.068% due 04/30/2041 •  | 400 | 310 |
| 5.150% due 04/23/2031 •  | 4000 | 4130 |
| 5.244% due 01/24/2031 •  | 2000 | 2072 |
| 5.605% due 04/23/2036 •  | 5800 | 6081 |
| **Welltower OP LLC** <br>5.125% due 03/15/2043 | 10600 | 10010 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 250 | 302 |
| **Winston RE Ltd.** <br>15.320% (BNMMDTSC + 11.690%) due 02/26/2031 ~ | $2800 | 2967 |
| **WP Carey, Inc.** <br>4.650% due 07/15/2030 | 700 | 705 |
|  |  | 403621 |
| **INDUSTRIALS 16.4%**  |  |  |
| **AEP Transmission Co. LLC** <br>3.650% due 04/01/2050 | 50 | 37 |
| **Air Canada Pass-Through Trust**  |  |  |
| 3.300% due 07/15/2031  | 513 | 491 |
| 3.750% due 06/15/2029  | 217 | 214 |
| 5.250% due 10/01/2030  | 548 | 561 |
| **Aker BP ASA** <br>3.100% due 07/15/2031 | 1600 | 1470 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 1399 | 1408 |
| **Alphabet, Inc.** <br>3.500% due 11/06/2038 | 2900 | 3298 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | $84 | 77 |
| 3.000% due 04/15/2030  | 2868 | 2776 |
| 3.250% due 04/15/2030  | 1949 | 1872 |
| 3.650% due 08/15/2030  | 118 | 116 |
| 3.700% due 04/01/2028  | 1098 | 1094 |
| **Amgen, Inc.**  |  |  |
| 4.400% due 02/22/2062  | 1994 | 1560 |
| 4.663% due 06/15/2051  | 3779 | 3237 |
| **Antofagasta PLC** <br>5.625% due 09/09/2035 | 700 | 722 |
| **Ashtead Capital, Inc.**  |  |  |
| 4.000% due 05/01/2028  | 1200 | 1187 |
| 5.950% due 10/15/2033  | 2400 | 2541 |
| **Bacardi Ltd./Bacardi-Martini BV** <br>5.900% due 06/15/2043 | 5073 | 4956 |
| **Baptist Health South Florida Obligated Group** <br>3.115% due 11/15/2071 | 3300 | 1931 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 400 | 400 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 32520 | 34387 |
| **Berry Global, Inc.**  |  |  |
| 1.570% due 01/15/2026  | 715 | 714 |
| 5.500% due 04/15/2028  | 2200 | 2267 |
| **Beth Israel Lahey Health, Inc.** <br>3.080% due 07/01/2051 | 1490 | 981 |
| **Block, Inc.** <br>5.625% due 08/15/2030 | 600 | 612 |
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 1000 | 998 |
| 6.528% due 05/01/2034  | 2400 | 2656 |
| 6.858% due 05/01/2054  | 1200 | 1349 |
| 7.008% due 05/01/2064  | 674 | 769 |
| **Booz Allen Hamilton, Inc.** <br>3.875% due 09/01/2028 | 1080 | 1061 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Boston Scientific Corp.** <br>7.375% due 01/15/2040 | 12750 | 15747 |
| **Brightstar Lottery Holdings BV** <br>4.250% due 03/15/2030 | 2800 | 3352 |
| **British Airways Pass-Through Trust**  |  |  |
| 3.300% due 06/15/2034  | $144 | 136 |
| 3.350% due 12/15/2030  | 39 | 38 |
| **Broadcom, Inc.**  |  |  |
| 2.600% due 02/15/2033  | 1300 | 1147 |
| 3.187% due 11/15/2036  | 1899 | 1611 |
| 3.419% due 04/15/2033  | 1400 | 1296 |
| 3.469% due 04/15/2034  | 5150 | 4698 |
| 3.500% due 02/15/2041  | 300 | 244 |
| 4.150% due 04/15/2032  | 2000 | 1959 |
| **Cablevision Lightpath LLC** <br>3.875% due 09/15/2027 | 2000 | 1959 |
| **Cameron LNG LLC** <br>3.701% due 01/15/2039 | 1400 | 1197 |
| **Canadian Natural Resources Ltd.** <br>5.400% due 12/15/2034 | 400 | 407 |
| **CDW LLC/CDW Finance Corp.**  |  |  |
| 2.670% due 12/01/2026  | 3200 | 3159 |
| 3.276% due 12/01/2028  | 500 | 486 |
| 3.569% due 12/01/2031  | 2900 | 2703 |
| **Cencora, Inc.** <br>3.625% due 05/22/2032 | 700 | 829 |
| **Cenovus Energy, Inc.** <br>5.400% due 03/20/2036 | $1800 | 1798 |
| **CGI, Inc.** <br>2.300% due 09/14/2031 | 1600 | 1421 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital**  |  |  |
| 2.300% due 02/01/2032  | 860 | 740 |
| 3.500% due 06/01/2041  | 4000 | 2849 |
| 3.900% due 06/01/2052  | 1770 | 1144 |
| 5.375% due 04/01/2038  | 600 | 554 |
| 5.375% due 05/01/2047  | 2200 | 1814 |
| **Cigna Group** <br>5.250% due 01/15/2036 | 2000 | 2037 |
| **City of Hope** <br>4.378% due 08/15/2048 | 1010 | 831 |
| **Colorado Interstate Gas Co. LLC** <br>6.850% due 06/15/2037 | 1300 | 1445 |
| **CommonSpirit Health** <br>4.975% due 09/01/2035 | 3100 | 3065 |
| **Conagra Brands, Inc.** <br>5.750% due 08/01/2035 | 1100 | 1124 |
| **Continental Wind LLC** <br>6.000% due 02/28/2033 | 973 | 997 |
| **Corp. Nacional del Cobre de Chile** <br>6.330% due 01/13/2035 | 3000 | 3208 |
| **Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC** <br>5.600% due 01/15/2031 | 800 | 808 |
| **CSN Resources SA** <br>4.625% due 06/10/2031 | 4800 | 3700 |
| **DAE Funding LLC** <br>3.375% due 03/20/2028 | 2700 | 2632 |
| **Devon Energy Corp.** <br>5.750% due 09/15/2054 | 1143 | 1051 |
| **Diamondback Energy, Inc.**  |  |  |
| 5.550% due 04/01/2035  | 1500 | 1542 |
| 5.900% due 04/18/2064  | 723 | 683 |
| **Elevance Health, Inc.** <br>5.850% due 11/01/2064 | 4500 | 4422 |
| **Embraer Netherlands Finance BV** <br>5.980% due 02/11/2035 | 1130 | 1201 |
| **Enbridge, Inc.**  |  |  |
| 5.700% due 03/08/2033  | 2150 | 2266 |
| 5.950% due 04/05/2054  | 488 | 494 |
| **Energy Transfer LP**  |  |  |
| 5.300% due 04/15/2047  | 7400 | 6587 |
| 6.050% due 06/01/2041  | 3200 | 3245 |
| 6.250% due 04/15/2049  | 100 | 99 |
| 6.625% due 10/15/2036  | 5200 | 5661 |
| 7.500% due 07/01/2038  | 4135 | 4804 |
| **Eni SpA** <br>5.750% due 05/19/2035 | 1000 | 1048 |
| **Entergy Louisiana LLC** <br>2.900% due 03/15/2051 | 2100 | 1323 |
| **Enterprise Products Operating LLC** <br>4.450% due 02/15/2043 | 1000 | 880 |
| **Expand Energy Corp.** <br>5.700% due 01/15/2035 | 800 | 828 |
| **FirstEnergy Pennsylvania Electric Co.** <br>3.600% due 06/01/2029 | 3300 | 3234 |
| **Flex Intermediate Holdco LLC**  |  |  |
| 3.363% due 06/30/2031  | 5000 | 4609 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 4.317% due 12/30/2039  | 1750 | 1475 |
| **Global Payments, Inc.** <br>4.875% due 11/15/2030 | 1400 | 1402 |
| **HCA, Inc.**  |  |  |
| 3.625% due 03/15/2032  | 2500 | 2364 |
| 4.625% due 03/15/2052  | 1000 | 817 |
| 5.125% due 06/15/2039  | 2900 | 2803 |
| 5.250% due 06/15/2049  | 600 | 543 |
| 5.500% due 06/15/2047  | 450 | 426 |
| 6.000% due 04/01/2054  | 698 | 695 |
| **Heathrow Funding Ltd.** <br>6.450% due 12/10/2033 | 300 | 435 |
| **Hyundai Capital America** <br>5.400% due 06/24/2031 | $2800 | 2899 |
| **Imperial Brands Finance Netherlands BV** <br>5.250% due 02/15/2031 | 2300 | 2918 |
| **Imperial Brands Finance PLC** <br>3.500% due 07/26/2026 | $550 | 548 |
| **Intralot Capital Luxembourg SA** <br>6.500% due 10/15/2031 •  | 2000 | 2328 |
| **JDE Peet's NV** <br>2.250% due 09/24/2031 | $300 | 262 |
| **JetBlue Pass-Through Trust** <br>4.000% due 05/15/2034 | 135 | 128 |
| **Kinder Morgan Energy Partners LP** <br>6.500% due 09/01/2039 | 400 | 432 |
| **Kraft Heinz Foods Co.**  |  |  |
| 5.200% due 03/15/2032  | 2400 | 2473 |
| 6.500% due 02/09/2040  | 310 | 335 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 800 | 797 |
| 3.900% due 08/08/2029  | 1600 | 1563 |
| 6.200% due 08/15/2034  | 719 | 758 |
| **Marriott International, Inc.** <br>5.500% due 04/15/2037 | 1700 | 1741 |
| **Mars, Inc.**  |  |  |
| 4.800% due 03/01/2030  | 1200 | 1227 |
| 5.200% due 03/01/2035  | 2000 | 2056 |
| 5.650% due 05/01/2045  | 500 | 504 |
| **Mattel, Inc.** <br>5.000% due 11/17/2030 | 400 | 403 |
| **Medtronic, Inc.** <br>4.200% due 10/15/2045 | 800 | 916 |
| **Meta Platforms, Inc.** <br>5.400% due 08/15/2054 | $2400 | 2235 |
| **MGM China Holdings Ltd.** <br>5.875% due 05/15/2026 | 1100 | 1101 |
| **Microchip Technology, Inc.** <br>5.050% due 02/15/2030 | 1100 | 1123 |
| **Micron Technology, Inc.** <br>3.366% due 11/01/2041 | 300 | 230 |
| **Miller Homes Group Finco PLC** <br>6.314% due 10/15/2030 •  | 1000 | 1195 |
| **Mondelez International, Inc.** <br>4.625% due 07/03/2031 | 7600 | 5741 |
| **MPLX LP**  |  |  |
| 4.500% due 04/15/2038  | $805 | 734 |
| 4.700% due 04/15/2048  | 1500 | 1249 |
| 4.900% due 04/15/2058  | 75 | 62 |
| 4.950% due 03/14/2052  | 1400 | 1178 |
| 5.000% due 03/01/2033  | 988 | 995 |
| 5.400% due 04/01/2035  | 600 | 605 |
| 5.500% due 02/15/2049  | 1060 | 975 |
| **National Football League**  |  |  |
| 4.780% due 10/05/2030 «(j)  | 2700 | 2747 |
| 5.250% due 10/05/2034 «(j)  | 2300 | 2345 |
| **National Fuel Gas Co.** <br>2.950% due 03/01/2031 | 2700 | 2468 |
| **Newmont Corp./Newcrest Finance Pty. Ltd.** <br>4.200% due 05/13/2050 | 20 | 16 |
| **Northern Natural Gas Co.** <br>4.300% due 01/15/2049 | 6100 | 4912 |
| **Northern Star Resources Ltd.** <br>6.125% due 04/11/2033 | 3600 | 3821 |
| **Northwell Healthcare, Inc.** <br>4.260% due 11/01/2047 | 1800 | 1482 |
| **Oracle Corp.**  |  |  |
| 3.600% due 04/01/2040  | 100 | 74 |
| 3.600% due 04/01/2050  | 1120 | 698 |
| 3.650% due 03/25/2041  | 1900 | 1387 |
| 3.800% due 11/15/2037  | 2800 | 2262 |
| 3.850% due 04/01/2060  | 8005 | 4896 |
| 4.100% due 03/25/2061  | 3800 | 2451 |
| 4.500% due 07/08/2044  | 900 | 691 |
| 5.375% due 09/27/2054  | 700 | 567 |
| 5.500% due 09/27/2064  | 1300 | 1039 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **PeaceHealth Obligated Group** <br>3.218% due 11/15/2050 | 1260 | 818 |
| **Petroleos Mexicanos** <br>10.000% due 02/07/2033 | 4271 | 4952 |
| **Pfizer Netherlands International Finance BV** <br>2.875% due 05/19/2029 | 600 | 707 |
| **Philip Morris International, Inc.**  |  |  |
| 3.250% due 06/06/2032  | 600 | 698 |
| 3.875% due 08/21/2042  | $880 | 728 |
| 4.250% due 10/29/2032  | 2900 | 2855 |
| **Piedmont Healthcare, Inc.**  |  |  |
| 2.719% due 01/01/2042  | 500 | 356 |
| 2.864% due 01/01/2052  | 500 | 318 |
| **Post Holdings, Inc.** <br>6.500% due 03/15/2036 | 1500 | 1503 |
| **Renesas Electronics Corp.** <br>2.170% due 11/25/2026 | 4900 | 4812 |
| **Royalty Pharma PLC** <br>5.950% due 09/25/2055 | 1400 | 1392 |
| **Sands China Ltd.**  |  |  |
| 2.300% due 03/08/2027  | 2100 | 2052 |
| 3.250% due 08/08/2031  | 1300 | 1203 |
| 3.800% due 01/08/2026  | 600 | 600 |
| **Santos Finance Ltd.** <br>5.750% due 11/13/2035 | 700 | 696 |
| **Saudi Arabian Oil Co.**  |  |  |
| 5.875% due 07/17/2064  | 2800 | 2724 |
| 6.375% due 06/02/2055  | 1000 | 1047 |
| **Sealed Air Corp.** <br>1.573% due 10/15/2026 | 1921 | 1881 |
| **Skyworks Solutions, Inc.** <br>3.000% due 06/01/2031 | 600 | 545 |
| **Snam SpA** <br>5.750% due 05/28/2035 | 2000 | 2093 |
| **Spirit AeroSystems, Inc.** <br>3.850% due 06/15/2026 | 1300 | 1296 |
| **Spirit Airlines Pass-Through Trust** <br>3.650% due 08/15/2031 | 300 | 276 |
| **T-Mobile USA, Inc.**  |  |  |
| 3.300% due 02/15/2051  | 1900 | 1271 |
| 3.400% due 10/15/2052  | 3500 | 2355 |
| 3.600% due 11/15/2060  | 5401 | 3591 |
| **Targa Resources Corp.**  |  |  |
| 6.125% due 03/15/2033  | 2100 | 2249 |
| 6.250% due 07/01/2052  | 702 | 709 |
| 6.500% due 02/15/2053  | 3400 | 3561 |
| **TD SYNNEX Corp.**  |  |  |
| 1.750% due 08/09/2026  | 4200 | 4139 |
| 2.375% due 08/09/2028  | 3400 | 3239 |
| 2.650% due 08/09/2031  | 2340 | 2107 |
| **Tennessee Gas Pipeline Co. LLC**  |  |  |
| 2.900% due 03/01/2030  | 2660 | 2511 |
| 7.625% due 04/01/2037  | 4720 | 5559 |
| 8.375% due 06/15/2032  | 3600 | 4251 |
| **Teva Pharmaceutical Finance Netherlands II BV** <br>4.125% due 06/01/2031 | 2000 | 2390 |
| **Time Warner Cable LLC**  |  |  |
| 5.875% due 11/15/2040  | $500 | 463 |
| 6.750% due 06/15/2039  | 1300 | 1316 |
| 7.300% due 07/01/2038  | 1225 | 1313 |
| **Topaz Solar Farms LLC** <br>4.875% due 09/30/2039 | 3211 | 2878 |
| **Transcontinental Gas Pipe Line Co. LLC** <br>4.600% due 03/15/2048 | 1168 | 1020 |
| **Transocean International Ltd.** <br>7.875% due 10/15/2032 | 225 | 236 |
| **Tyson Foods, Inc.** <br>5.400% due 03/15/2029 | 1700 | 1758 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 439 | 404 |
| 2.875% due 04/07/2030  | 422 | 407 |
| 3.100% due 04/07/2030  | 361 | 346 |
| 3.450% due 01/07/2030  | 231 | 226 |
| 4.550% due 02/25/2033  | 1653 | 1611 |
| 5.875% due 04/15/2029  | 1776 | 1823 |
| **UnitedHealth Group, Inc.**  |  |  |
| 5.050% due 04/15/2053  | 4600 | 4152 |
| 5.200% due 04/15/2063  | 5000 | 4481 |
| 5.750% due 07/15/2064  | 287 | 280 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 3900 | 3984 |
| **Valley Children's Hospital** <br>4.399% due 03/15/2048 | 2000 | 1666 |
| **Var Energi ASA** <br>6.500% due 05/22/2035 | 1800 | 1905 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.500% due 01/15/2034  | 100 | 102 |
| 6.750% due 01/15/2036  | 500 | 512 |
| **Vmed O2 U.K. Financing I PLC** <br>6.750% due 01/15/2033 | 1600 | 1588 |
| **VMware LLC** <br>2.200% due 08/15/2031 | 350 | 311 |
| **Volkswagen Group of America Finance LLC** <br>4.950% due 03/25/2027 | 2400 | 2421 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 1300 | 1336 |
| **Williams Cos., Inc.**  |  |  |
| 4.800% due 11/15/2029  | 1200 | 1225 |
| 5.150% due 03/15/2034  | 2400 | 2444 |
| **Woodside Finance Ltd.**  |  |  |
| 5.100% due 09/12/2034  | 3250 | 3212 |
| 5.400% due 05/19/2030  | 3200 | 3287 |
| **Wynn Macau Ltd.** <br>5.625% due 08/26/2028 | 3300 | 3301 |
|  |  | 394873 |
| **UTILITIES 9.9%**  |  |  |
| **AEP Texas, Inc.** <br>5.400% due 06/01/2033 | 3300 | 3416 |
| **AES Corp.** <br>5.450% due 06/01/2028 | 900 | 921 |
| **Alabama Power Co.**  |  |  |
| 4.300% due 01/02/2046  | 700 | 593 |
| 4.300% due 07/15/2048  | 2000 | 1663 |
| **Alliant Energy Finance LLC**  |  |  |
| 1.400% due 03/15/2026  | 1000 | 993 |
| 3.600% due 03/01/2032  | 1700 | 1581 |
| **American Transmission Systems, Inc.** <br>5.000% due 09/01/2044 | 200 | 187 |
| **Arizona Public Service Co.** <br>2.650% due 09/15/2050 | 20 | 12 |
| **AT&T, Inc.**  |  |  |
| 3.500% due 09/15/2053  | 1883 | 1261 |
| 3.650% due 09/15/2059  | 6731 | 4442 |
| **Baltimore Gas & Electric Co.** <br>5.400% due 06/01/2053 | 3400 | 3273 |
| **Berkshire Hathaway Energy Co.**  |  |  |
| 4.250% due 10/15/2050  | 200 | 160 |
| 4.600% due 05/01/2053  | 400 | 337 |
| 6.125% due 04/01/2036  | 500 | 543 |
| **Black Hills Corp.**  |  |  |
| 6.000% due 01/15/2035  | 704 | 752 |
| 6.150% due 05/15/2034  | 4200 | 4507 |
| **Boston Gas Co.** <br>6.119% due 07/20/2053 | 4560 | 4588 |
| **CenterPoint Energy Houston Electric LLC** <br>4.800% due 03/15/2030 | 1000 | 1025 |
| **Chile Electricity Lux MPC II SARL** <br>5.580% due 10/20/2035 | 4790 | 4916 |
| **Cleco Power LLC** <br>5.300% due 01/15/2036 | 800 | 808 |
| **Cleveland Electric Illuminating Co.** <br>4.550% due 11/15/2030 | 3500 | 3487 |
| **Commonwealth Edison Co.** <br>3.850% due 03/15/2052 | 100 | 75 |
| **Consolidated Edison Co. of New York, Inc.** <br>4.300% due 12/01/2056 | 100 | 79 |
| **Constellation Energy Generation LLC** <br>5.800% due 03/01/2033 | 4900 | 5232 |
| **Dominion Energy, Inc.** <br>5.450% due 03/15/2035 | 2500 | 2563 |
| **Duke Energy Carolinas LLC**  |  |  |
| 3.750% due 06/01/2045  | 270 | 213 |
| 4.000% due 09/30/2042  | 400 | 337 |
| **Duke Energy Corp.** <br>5.800% due 06/15/2054 | 900 | 894 |
| **Duke Energy Florida LLC**  |  |  |
| 3.000% due 12/15/2051  | 1496 | 974 |
| 3.850% due 11/15/2042  | 4600 | 3800 |
| 6.350% due 09/15/2037  | 200 | 223 |
| **Duke Energy Ohio, Inc.** <br>5.400% due 06/15/2033 | 110 | 113 |
| **Duke Energy Progress LLC**  |  |  |
| 2.500% due 08/15/2050  | 2390 | 1399 |
| 5.250% due 03/15/2033  | 4100 | 4266 |
| **Edison International** <br>5.750% due 06/15/2027 | 330 | 336 |
| **Enel Finance International NV** <br>7.500% due 10/14/2032 | 2768 | 3193 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Entergy Arkansas LLC**  |  |  |
| 2.650% due 06/15/2051  | 60 | 36 |
| 3.350% due 06/15/2052  | 270 | 184 |
| **Entergy Corp.** <br>2.400% due 06/15/2031 | 2390 | 2150 |
| **Entergy Texas, Inc.**  |  |  |
| 1.750% due 03/15/2031  | 3200 | 2824 |
| 5.800% due 09/01/2053  | 600 | 602 |
| **Evergy Kansas Central, Inc.** <br>5.250% due 03/15/2035 | 2100 | 2142 |
| **Eversource Energy** <br>5.125% due 05/15/2033 | 1500 | 1516 |
| **Gazprom PJSC via Gaz Finance PLC** <br>3.500% due 07/14/2031 | 8000 | 5200 |
| **Georgia Power Co.**  |  |  |
| 3.250% due 03/15/2051  | 5300 | 3631 |
| 3.700% due 01/30/2050  | 1000 | 751 |
| 4.300% due 03/15/2042  | 3752 | 3286 |
| 5.125% due 05/15/2052  | 2400 | 2240 |
| **Greenko Power II Ltd.** <br>4.300% due 12/13/2028 | 312 | 296 |
| **Indiana Michigan Power Co.**  |  |  |
| 3.250% due 05/01/2051  | 1780 | 1188 |
| 6.050% due 03/15/2037  | 800 | 873 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 2800 | 2740 |
| **Israel Electric Corp. Ltd.** <br>3.750% due 02/22/2032 | 2400 | 2252 |
| **Kentucky Utilities Co.**  |  |  |
| 3.300% due 06/01/2050  | 70 | 48 |
| 5.450% due 04/15/2033  | 2000 | 2102 |
| **Louisville Gas & Electric Co.** <br>5.450% due 04/15/2033 | 2000 | 2096 |
| **MidAmerican Energy Co.** <br>2.700% due 08/01/2052 | 2300 | 1412 |
| **Narragansett Electric Co.** <br>5.350% due 05/01/2034 | 1400 | 1446 |
| **National Grid USA** <br>5.803% due 04/01/2035 | 120 | 126 |
| **New York State Electric & Gas Corp.**  |  |  |
| 1.950% due 10/01/2030  | 480 | 421 |
| 2.150% due 10/01/2031  | 2000 | 1769 |
| 5.850% due 08/15/2033  | 700 | 745 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 3.830% due 06/12/2030  | 3600 | 2646 |
| 4.670% due 06/12/2035  | 3600 | 2671 |
| **Niagara Mohawk Power Corp.** <br>4.119% due 11/28/2042 | $3500 | 2950 |
| **Northern States Power Co.** <br>3.600% due 09/15/2047 | 6300 | 4764 |
| **NRG Energy, Inc.**  |  |  |
| 2.450% due 12/02/2027  | 362 | 350 |
| 4.734% due 10/15/2030  | 2400 | 2405 |
| **Oglethorpe Power Corp.** <br>5.050% due 10/01/2048 | 1358 | 1219 |
| **Ohio Power Co.**  |  |  |
| 2.900% due 10/01/2051  | 1100 | 681 |
| 5.850% due 10/01/2035  | 100 | 106 |
| **ONEOK, Inc.**  |  |  |
| 5.850% due 11/01/2064  | 2900 | 2724 |
| 7.150% due 01/15/2051  | 100 | 110 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 2100 | 1893 |
| 3.000% due 06/15/2028  | 3200 | 3104 |
| 3.150% due 01/01/2026  | 1200 | 1200 |
| 3.250% due 06/01/2031  | 1700 | 1585 |
| 3.500% due 08/01/2050  | 7250 | 4898 |
| 3.750% due 08/15/2042  | 2790 | 2119 |
| 3.950% due 12/01/2047  | 1000 | 747 |
| 4.200% due 03/01/2029  | 2000 | 1988 |
| 4.250% due 03/15/2046  | 300 | 236 |
| 4.300% due 03/15/2045  | 500 | 399 |
| 4.400% due 03/01/2032  | 2000 | 1952 |
| 4.500% due 07/01/2040  | 6100 | 5319 |
| 4.550% due 07/01/2030  | 750 | 747 |
| 4.600% due 06/15/2043  | 900 | 752 |
| 4.750% due 02/15/2044  | 100 | 85 |
| 4.950% due 07/01/2050  | 370 | 313 |
| 5.250% due 03/01/2052  | 300 | 262 |
| 6.150% due 01/15/2033  | 1200 | 1274 |
| **PacifiCorp**  |  |  |
| 4.125% due 01/15/2049  | 8300 | 6208 |
| 4.150% due 02/15/2050  | 300 | 223 |
| 5.750% due 04/01/2037  | 60 | 61 |
| 6.000% due 01/15/2039  | 2040 | 2077 |
| 6.100% due 08/01/2036  | 60 | 62 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 6.250% due 10/15/2037  | 3300 | 3453 |
| **Progress Energy, Inc.** <br>7.750% due 03/01/2031 | 3500 | 4010 |
| **Public Service Co. of Colorado** <br>5.150% due 09/15/2035 | 900 | 913 |
| **Public Service Electric & Gas Co.** <br>4.000% due 06/01/2044 | 5700 | 4647 |
| **RWE Finance U.S. LLC** <br>5.125% due 09/18/2035 | 400 | 398 |
| **San Diego Gas & Electric Co.**  |  |  |
| 4.100% due 06/15/2049  | 2970 | 2362 |
| 4.150% due 05/15/2048  | 9400 | 7597 |
| **Shell Finance U.S., Inc.** <br>5.125% due 10/15/2041 | 4300 | 4193 |
| **Sierra Pacific Power Co.** <br>6.750% due 07/01/2037 | 3600 | 3998 |
| **Southern California Edison Co.**  |  |  |
| 2.250% due 06/01/2030  | 800 | 727 |
| 2.500% due 06/01/2031  | 4700 | 4218 |
| 2.750% due 02/01/2032  | 2400 | 2140 |
| 2.950% due 02/01/2051  | 3000 | 1832 |
| 3.450% due 02/01/2052  | 2300 | 1531 |
| 3.650% due 03/01/2028  | 200 | 198 |
| 3.650% due 02/01/2050  | 1100 | 770 |
| 3.650% due 06/01/2051  | 2020 | 1385 |
| 3.900% due 12/01/2041  | 500 | 394 |
| 3.900% due 03/15/2043  | 3600 | 2781 |
| 4.650% due 10/01/2043  | 1850 | 1577 |
| 6.000% due 01/15/2034  | 3600 | 3785 |
| **Southern California Gas Co.**  |  |  |
| 3.950% due 02/15/2050  | 1600 | 1233 |
| 4.125% due 06/01/2048  | 4417 | 3535 |
| **Southwestern Electric Power Co.** <br>6.200% due 03/15/2040 | 2200 | 2345 |
| **TXNM Energy, Inc.** <br>7.000% due 07/31/2056 •  | 800 | 798 |
| **Verizon Communications, Inc.**  |  |  |
| 5.000% due 01/15/2036  | 3000 | 2976 |
| 5.875% due 11/30/2055  | 3100 | 3065 |
| **Virginia Electric & Power Co.** <br>4.900% due 09/15/2035 | 800 | 797 |
| **Vodafone Group PLC**  |  |  |
| 5.750% due 02/10/2063  | 800 | 761 |
| 5.875% due 06/28/2064  | 1729 | 1681 |
| **Wisconsin Electric Power Co.** <br>4.300% due 12/15/2045 | 3600 | 3022 |
|  |  | 236490 |
| Total Corporate Bonds & Notes (Cost $1,098,420) |  | 1034984 |
| **MUNICIPAL BONDS & NOTES 1.6%**  |  |  |
| **CALIFORNIA 0.5%**  |  |  |
| **Fresno County, California Revenue Bonds, (NPFGC Insured), Series 2004**  |  |  |
| 0.000% due 08/15/2030 (e)  | 3800 | 3139 |
| 0.000% due 08/15/2032 (e)  | 100 | 75 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 2.746% due 06/01/2034  | 200 | 178 |
| 3.000% due 06/01/2046  | 1540 | 1398 |
| 4.214% due 06/01/2050  | 2600 | 1904 |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>3.037% due 06/01/2032 | 4200 | 3788 |
| **Napa Valley Unified School District, California General Obligation Bonds, (BABs), Series 2010** <br>6.507% due 08/01/2043 | 900 | 966 |
|  |  | 11448 |
| **GEORGIA 0.3%**  |  |  |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010** <br>6.637% due 04/01/2057 | 7413 | 8026 |
| **ILLINOIS 0.2%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010** <br>6.725% due 04/01/2035 | 77 | 82 |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, Series 2020** <br>3.007% due 01/01/2033 | 5030 | 4596 |
| **Wheaton College, Illinois Revenue Bonds, Series 2004** <br>6.090% due 10/01/2034 | 900 | 972 |
|  |  | 5650 |
| **NEVADA 0.0%**  |  |  |
| **Reno, Nevada Revenue Bonds, (NPFGC Insured), Series 2005** <br>0.000% due 06/01/2034 (e) | 700 | 473 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **NEW MEXICO 0.0%**  |  |  |
| **New Mexico Hospital Equipment Loan Council Revenue Bonds, Series 2017** <br>4.406% due 08/01/2046 | 1000 | 859 |
| **NEW YORK 0.2%**  |  |  |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024** <br>4.375% due 05/01/2037 | 4095 | 3950 |
| **OHIO 0.1%**  |  |  |
| **American Municipal Power, Inc., Ohio Revenue Bonds, Series 2010** <br>7.834% due 02/15/2041 | 800 | 944 |
| **PENNSYLVANIA 0.1%**  |  |  |
| **Commonwealth Financing Authority, Pennsylvania Revenue Bonds, Series 2021** <br>2.991% due 06/01/2042 | 3770 | 2918 |
| **TEXAS 0.2%**  |  |  |
| **Dallas, Texas General Obligation Bonds, Series 2005** <br>0.000% due 02/15/2033 (e) | 2900 | 2108 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.169% due 04/01/2041 | 2600 | 2654 |
|  |  | 4762 |
| Total Municipal Bonds & Notes (Cost $43,764) |  | 39030 |
| **U.S. GOVERNMENT AGENCIES 20.9%**  |  |  |
| **Federal Farm Credit Banks Funding Corp.**<br>5.125% due 07/09/2029 | 500 | 524 |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 5.000% due 03/01/2038 - 12/01/2038 | 9 | 9 |
| 6.000% due 04/01/2036 - 10/01/2037 | 19 | 19 |
| 6.375% due 10/01/2035 •  | 3 | 3 |
| 6.725% due 04/01/2035 •  | 7 | 7 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 4596 | 4475 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.498% due 01/15/2033 •  | 1 | 1 |
| 5.000% due 04/15/2038 | 177 | 183 |
| 6.000% due 06/15/2035 | 519 | 544 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.229% due 10/25/2044 - 02/25/2045 •  | 38 | 36 |
| 6.500% due 10/25/2043 | 29 | 30 |
| **Federal National Mortgage Association**  |  |  |
| 5.276% due 06/01/2043 •  | 19 | 20 |
| 5.810% due 06/01/2031 | 2000 | 2080 |
| 5.876% due 06/01/2035 •  | 172 | 175 |
| 5.932% due 06/01/2035 •  | 239 | 244 |
| 5.936% due 12/01/2034 •  | 91 | 93 |
| 6.078% due 10/01/2035 •  | 74 | 76 |
| 6.080% due 04/01/2035 •  | 64 | 65 |
| 6.149% due 12/01/2033 •  | 8 | 8 |
| 6.155% due 11/01/2035 •  | 2 | 2 |
| 6.275% due 09/01/2035 •  | 3 | 3 |
| 6.346% due 11/01/2034 •  | 116 | 122 |
| 6.472% due 08/01/2035 •  | 11 | 11 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 3.000% due 12/25/2046 | 1515 | 1064 |
| 4.109% due 07/25/2037 •  | 3 | 3 |
| 4.177% due 03/25/2036 •  | 1 | 1 |
| 4.639% due 08/25/2040 •  | 171 | 171 |
| 5.000% due 08/25/2033 | 14 | 14 |
| 5.500% due 04/25/2033 - 08/25/2035 | 19 | 19 |
| 6.000% due 07/25/2031 - 03/25/2036 | 1100 | 1159 |
| 6.309% due 05/25/2035 ~ | 73 | 75 |
| **Federal National Mortgage Association Trust**  |  |  |
| 4.389% due 09/25/2032 •  | 2 | 2 |
| 5.900% due 07/25/2042 | 4 | 4 |
| **Federal National Mortgage Association-ACES**<br>2.242% due 01/25/2031 ~(a) | 15894 | 806 |
| **Government National Mortgage Association**  |  |  |
| 4.000% due 08/20/2055 | 222 | 210 |
| 5.625% due 05/20/2030 •  | 11 | 12 |
| **Government National Mortgage Association REMICS**<br>3.250% due 02/20/2049 | 2746 | 2460 |
| **Government National Mortgage Association, TBA**  |  |  |
| 4.000% due 01/01/2056 - 02/01/2056 | 51377 | 48537 |
| 4.500% due 01/01/2056 - 02/01/2056 | 20300 | 19762 |
| **Resolution Funding Corp. Interest STRIPS**<br>0.000% due 01/15/2029 (a) | 1000 | 896 |
| **Tennessee Valley Authority**<br>4.875% due 05/15/2035 | 4800 | 4972 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **U.S. Small Business Administration**  |  |  |
| 5.290% due 12/01/2027 | 27 | 27 |
| 5.510% due 11/01/2027 | 6 | 7 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 44488 | 42176 |
| 4.500% due 02/01/2056 | 22700 | 22142 |
| 5.000% due 02/01/2056 | 85500 | 85189 |
| 6.000% due 01/01/2056 - 03/01/2056 | 248100 | 254658 |
| 6.500% due 03/01/2056 | 7800 | 8115 |
| Total U.S. Government Agencies (Cost $500,111) |  | 501211 |
| **U.S. TREASURY OBLIGATIONS 69.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.125% due 05/15/2040 | 44275 | 28109 |
| 1.125% due 08/15/2040 | 95010 | 59715 |
| 1.375% due 11/15/2040 | 55540 | 36073 |
| 1.750% due 08/15/2041 (k) | 80600 | 54413 |
| 1.875% due 02/15/2041 (k) | 427700 | 298956 |
| 1.875% due 02/15/2051 | 52395 | 29295 |
| 2.000% due 11/15/2041 | 10500 | 7332 |
| 2.000% due 02/15/2050 | 22030 | 12920 |
| 2.250% due 08/15/2049 | 32576 | 20439 |
| 2.375% due 11/15/2049 (m) | 875 | 562 |
| 2.500% due 02/15/2045 | 15520 | 10996 |
| 2.750% due 11/15/2042 (m) | 1000 | 769 |
| 2.750% due 08/15/2047 | 12900 | 9221 |
| 2.875% due 05/15/2049 | 405 | 291 |
| 3.000% due 11/15/2044 | 14350 | 11102 |
| 3.000% due 05/15/2045 | 12360 | 9516 |
| 3.000% due 02/15/2048 | 12900 | 9603 |
| 3.000% due 08/15/2048 (k)(m) | 141390 | 104728 |
| 3.000% due 02/15/2049 | 89030 | 65608 |
| 3.125% due 02/15/2043 | 24610 | 19912 |
| 3.125% due 08/15/2044 (m) | 14310 | 11331 |
| 3.375% due 08/15/2042 (k) | 61350 | 51874 |
| 3.375% due 11/15/2048 (k) | 345100 | 273141 |
| 3.625% due 08/15/2043 | 3200 | 2763 |
| 3.875% due 02/15/2043 | 12700 | 11429 |
| 3.875% due 05/15/2043 | 9100 | 8166 |
| 4.125% due 08/15/2044 (k) | 109900 | 100898 |
| 4.500% due 11/15/2054 (k) | 2700 | 2548 |
| 4.625% due 05/15/2044 | 4900 | 4813 |
| 4.625% due 11/15/2044 (k) | 46700 | 45777 |
| 4.625% due 11/15/2045 | 400 | 391 |
| 4.750% due 02/15/2045 (k) | 82400 | 82007 |
| 4.875% due 08/15/2045 (k) | 1500 | 1515 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 0.625% due 07/15/2032  | 33956 | 31867 |
| 1.125% due 01/15/2033 (m) | 45986 | 44140 |
| 1.750% due 01/15/2034  | 47560 | 47309 |
| 1.875% due 07/15/2034 (k) | 3113 | 3126 |
| 2.125% due 01/15/2035 (m) | 5881 | 5987 |
| **U.S. Treasury Notes**  |  |  |
| 3.875% due 04/30/2030 (m)(o) | 14300 | 14414 |
| 4.125% due 10/31/2029 (m)(o) | 1520 | 1546 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 05/15/2034 (a)(m) | 71900 | 50596 |
| 0.000% due 08/15/2034 (a) | 32970 | 22901 |
| 0.000% due 05/15/2035 (a)(m) | 32500 | 21737 |
| 0.000% due 11/15/2036 (a) | 37600 | 23224 |
| 0.000% due 08/15/2037 (a)(m) | 8900 | 5278 |
| 0.000% due 05/15/2041 (a) | 450 | 214 |
| 0.000% due 08/15/2041 (a) | 350 | 164 |
| 0.000% due 11/15/2041 (a) | 170 | 78 |
| 0.000% due 02/15/2042 (a) | 1850 | 839 |
| 0.000% due 05/15/2042 (a) | 1240 | 553 |
| 0.000% due 08/15/2042 (a) | 1890 | 831 |
| 0.000% due 11/15/2042 (a) | 810 | 351 |
| Total U.S. Treasury Obligations (Cost $1,911,478) |  | 1661368 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 4.6%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>4.611% due 10/25/2035 ~ | 404 | 355 |
| **AG Trust** <br>5.766% due 08/15/2041 •  | 760 | 765 |
| **American Home Mortgage Assets Trust**  |  |  |
| 3.966% due 10/25/2046 •  | 48 | 45 |
| 4.949% due 11/25/2046 •  | 1470 | 357 |
| **Banc of America Funding Trust** <br>5.798% due 02/20/2036 ~ | 76 | 73 |
| **Banc of America Mortgage Trust** <br>5.230% due 08/25/2035 ~ | 257 | 246 |
| **Bank5** <br>4.793% due 12/15/2058 | 7100 | 7200 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **BBCMS Mortgage Trust**  |  |  |
| 4.534% due 09/15/2058  | 1000 | 1005 |
| 5.015% due 09/15/2058  | 5000 | 5119 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.166% due 08/25/2036 •  | 1985 | 1732 |
| 4.397% due 11/25/2036 ~  | 96 | 53 |
| 4.791% due 09/25/2035 ~  | 1827 | 975 |
| 5.190% due 10/25/2035 ~  | 128 | 105 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.203% due 05/25/2047 ~  | 351 | 316 |
| 4.813% due 11/25/2030 ~  | 14 | 14 |
| 5.507% due 11/25/2034 ~  | 8 | 8 |
| 6.420% due 10/25/2035 •  | 15 | 15 |
| **Bear Stearns Mortgage Funding Trust** <br>4.206% due 10/25/2036 •  | 1371 | 1222 |
| **Benchmark Mortgage Trust**  |  |  |
| 4.016% due 03/15/2052  | 4500 | 4433 |
| 4.767% due 01/15/2058 ~  | 2900 | 2939 |
| 5.439% due 08/15/2058 ~  | 3200 | 3328 |
| **BMO Mortgage Trust** <br>5.187% due 07/15/2058 | 5000 | 5141 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.613% due 03/25/2037 ~  | 127 | 119 |
| 5.500% due 11/25/2035  | 1324 | 932 |
| **ChaseFlex Trust** <br>4.406% due 05/25/2037 •  | 2026 | 1957 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.306% due 05/25/2035 •  | 35 | 31 |
| 4.340% due 11/25/2037 ~  | 281 | 264 |
| 4.486% due 03/25/2035 •  | 90 | 79 |
| 4.796% due 11/25/2034 ~  | 26 | 25 |
| 5.087% due 02/20/2035 ~  | 1 | 1 |
| 5.250% due 05/25/2035  | 68 | 48 |
| 5.276% due 11/20/2034 ~  | 5 | 5 |
| 6.148% due 02/20/2036 •  | 69 | 65 |
| 6.224% due 02/20/2036 •  | 12 | 11 |
| **CHL Reperforming Loan Trust REMICS** <br>4.266% due 07/25/2036 •  | 933 | 886 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.916% due 01/25/2037 •  | 15 | 13 |
| 4.646% due 08/25/2035 •  | 20 | 19 |
| 6.480% due 10/25/2035 •  | 10 | 10 |
| **COMM Mortgage Trust** <br>3.140% due 10/10/2036 | 4300 | 4111 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.043% due 12/20/2046 •  | 375 | 337 |
| 4.226% due 09/25/2046 •  | 358 | 354 |
| 4.266% due 05/25/2036 •  | 1804 | 1722 |
| 4.268% due 03/20/2046 •  | 90 | 85 |
| 4.406% due 02/25/2037 •  | 37 | 31 |
| 4.488% due 11/20/2035 •  | 1522 | 1462 |
| 4.488% due 12/20/2035 •  | 384 | 367 |
| 5.500% due 09/25/2035  | 966 | 676 |
| 5.500% due 10/25/2035  | 2164 | 1107 |
| 5.500% due 11/25/2035  | 433 | 233 |
| 5.500% due 03/25/2036  | 60 | 24 |
| 6.000% due 03/25/2036  | 2720 | 1210 |
| 6.250% due 08/25/2037  | 99 | 44 |
| **DSLA Mortgage Loan Trust** <br>4.366% due 08/19/2045 •  | 43 | 39 |
| **First Horizon Mortgage Pass-Through Trust** <br>4.338% due 12/25/2034 ~ | 1 | 1 |
| **GS Mortgage Securities Trust** <br>3.602% due 10/10/2049 ~ | 5225 | 4720 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 01/25/2036 •  | 297 | 241 |
| **GSR Mortgage Loan Trust** <br>4.125% due 11/25/2035 ~ | 2 | 2 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.226% due 01/19/2038 •  | 1002 | 897 |
| 4.256% due 12/19/2036 •  | 2369 | 1933 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.615% due 04/25/2037 ~  | 66 | 59 |
| 3.761% due 04/25/2037 ~  | 106 | 94 |
| 4.246% due 06/25/2046 •  | 277 | 252 |
| 4.366% due 07/25/2035 •  | 2016 | 1356 |
| 4.373% due 12/25/2034 ~  | 6 | 6 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>3.379% due 09/15/2050 | 146 | 145 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.397% due 01/25/2037 ~  | 11 | 9 |
| 4.746% due 11/25/2049 •  | 180 | 172 |
| 4.746% due 12/25/2049 •  | 86 | 83 |
| 5.555% due 02/25/2035 ~  | 1 | 1 |
| 6.033% due 07/25/2035 ~  | 330 | 330 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Lehman XS Trust** <br>4.206% due 12/25/2036 •  | 552 | 554 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 4.056% due 04/25/2046 •  | 218 | 205 |
| 5.633% due 11/21/2034 ~  | 22 | 22 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>4.565% due 11/15/2031 •  | 6 | 6 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.840% due 05/25/2033 ~  | 4 | 4 |
| 6.124% due 02/25/2034 ~  | 2 | 2 |
| 6.619% due 07/25/2034 ~  | 31 | 31 |
| 7.000% due 05/25/2033 ~  | 2 | 2 |
| **Morgan Stanley Mortgage Loan Trust** <br>4.146% due 08/25/2036 •  | 2524 | 532 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 11/25/2059 ~  | 2285 | 2210 |
| 4.500% due 05/25/2058 ~  | 1227 | 1203 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>6.159% due 05/25/2036 ~ | 12628 | 2255 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 36200 | 24158 |
| **RALI Trust**  |  |  |
| 4.266% due 04/25/2046 •  | $175 | 43 |
| 6.000% due 06/25/2036  | 3321 | 2727 |
| 6.000% due 08/25/2036  | 473 | 401 |
| 6.500% due 08/25/2036  | 846 | 759 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 01/25/2046 •  | 183 | 50 |
| 4.296% due 04/25/2035 •  | 39 | 19 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.166% due 10/25/2035 •  | 20 | 20 |
| 4.286% due 05/25/2037 •  | 75 | 70 |
| 5.429% due 01/25/2035 •  | 31 | 28 |
| 5.717% due 12/25/2034 ~  | 8 | 8 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.266% due 04/25/2036 •  | 171 | 157 |
| 4.286% due 05/25/2036 •  | 95 | 80 |
| 4.466% due 12/25/2035 •  | 2 | 2 |
| 4.506% due 10/19/2034 •  | 5 | 5 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>5.846% due 12/25/2033 ~ | 4 | 4 |
| **TBW Mortgage-Backed Trust** <br>6.000% due 07/25/2036 | 4569 | 1698 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.713% due 05/25/2046 •  | 17 | 14 |
| 4.216% due 05/25/2034 •  | 239 | 224 |
| 4.271% due 12/25/2036 ~  | 131 | 120 |
| 4.386% due 12/25/2045 •  | 17 | 17 |
| 4.394% due 02/25/2037 ~  | 136 | 126 |
| 4.426% due 10/25/2045 •  | 208 | 202 |
| 4.651% due 07/25/2037 ~  | 13 | 12 |
| 4.729% due 02/25/2047 •  | 255 | 239 |
| 4.729% due 03/25/2047 •  | 124 | 111 |
| 4.759% due 01/25/2047 •  | 1 | 1 |
| 4.789% due 04/25/2047 •  | 435 | 401 |
| 5.029% due 08/25/2046 •  | 504 | 469 |
| 5.077% due 08/25/2046 •  | 5118 | 4500 |
| 5.529% due 10/25/2046 •  | 2 | 2 |
| 5.529% due 11/25/2046 •  | 37 | 34 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>4.999% due 05/25/2046 •  | 228 | 205 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 5.343% due 10/15/2042 •  | 1600 | 1605 |
| 5.393% due 07/15/2037 •  | 1500 | 1504 |
| **Worldwide Plaza Trust** <br>3.526% due 11/10/2036 | 3300 | 2654 |
| Total Non-Agency Mortgage-Backed Securities (Cost $122,445) |  | 111709 |
| **ASSET-BACKED SECURITIES 8.4%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.2%**  |  |  |
| **Ford Credit Floorplan Master Owner Trust A** <br>4.754% due 09/15/2029 •  | 5000 | 5023 |
| **AUTOMOBILE SEQUENTIAL 0.5%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>6.020% due 02/20/2030 | 7300 | 7660 |
| **FCCU Auto Receivables Trust** <br>5.540% due 04/16/2029 | 1000 | 1010 |
| **Ford Auto Securitization Trust** <br>5.053% due 07/15/2028 | 3728 | 2751 |
| **SCCU Auto Receivables Trust** <br>5.450% due 12/15/2027 | $235 | 235 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Westlake Automobile Receivables Trust** <br>5.750% due 08/16/2027 | 274 | 275 |
|  |  | 11931 |
| **CASINO SERVICES 0.1%**  |  |  |
| **Gateway Casinos & Entertainment Ltd.** <br>5.000% due 03/12/2038 « | 3458 | 2363 |
| **CMBS OTHER 0.4%**  |  |  |
| **AREIT Trust** <br>5.187% due 01/20/2037 •  | $1740 | 1738 |
| **HGI CRE CLO Ltd.** <br>5.674% due 04/20/2037 •  | 829 | 828 |
| **KREF Ltd.** <br>5.181% due 02/17/2039 •  | 1872 | 1875 |
| **LMNT CRE LLC** <br>5.550% due 07/21/2043 •  | 2100 | 2104 |
| **LRECS LLC** <br>5.500% due 08/19/2043 •  | 2800 | 2805 |
|  |  | 9350 |
| **CREDIT CARD OTHER 0.2%**  |  |  |
| **Synchrony Card Funding LLC** <br>5.740% due 10/15/2029 | 5500 | 5581 |
| **HOME EQUITY OTHER 1.9%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.821% due 05/25/2034 •  | 587 | 618 |
| **Argent Securities Trust** <br>4.146% due 06/25/2036 •  | 4808 | 3230 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.356% due 12/25/2036 •  | 61 | 61 |
| **C-BASS Trust**  |  |  |
| 2.991% due 01/25/2037 •  | 24 | 7 |
| 3.403% due 04/25/2037 þ  | 51 | 50 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 319 | 324 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.906% due 07/25/2045 •  | 6 | 4 |
| 4.196% due 03/25/2037 •  | 485 | 430 |
| **Countrywide Asset-Backed Certificates** <br>4.326% due 04/25/2037 •  | 321 | 289 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.326% due 03/25/2036 •  | 795 | 738 |
| 4.486% due 09/25/2047 •  | 6606 | 5829 |
| 5.721% due 07/25/2035 •  | 82 | 82 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 3.345% due 12/25/2035 •  | 681 | 660 |
| 4.226% due 07/25/2037 •  | 13 | 9 |
| 4.746% due 07/25/2035 •  | 261 | 256 |
| **First NLC Trust** <br>3.916% due 08/25/2037 •  | 13 | 6 |
| **Fremont Home Loan Trust** <br>4.911% due 06/25/2035 •  | 1621 | 1617 |
| **GSAMP Trust**  |  |  |
| 3.916% due 12/25/2036 •  | 5 | 2 |
| 3.986% due 12/25/2036 •  | 1450 | 780 |
| 4.106% due 12/25/2046 •  | 1175 | 628 |
| 4.166% due 04/25/2036 •  | 185 | 125 |
| 4.246% due 11/25/2036 •  | 170 | 80 |
| 4.246% due 01/25/2047 •  | 4798 | 2384 |
| 4.386% due 03/25/2047 •  | 633 | 477 |
| **Lehman ABS Mortgage Loan Trust** <br>3.936% due 06/25/2037 •  | 10 | 7 |
| **Long Beach Mortgage Loan Trust** <br>4.146% due 06/25/2036 •  | 14696 | 6959 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.206% due 02/25/2036 •  | 1687 | 611 |
| 4.671% due 10/25/2034 •  | 2096 | 2056 |
| **MASTR Specialized Loan Trust** <br>4.366% due 02/25/2036 •  | 1008 | 994 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.776% due 07/25/2035 •  | 517 | 519 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.046% due 02/25/2037 •  | 1916 | 852 |
| 4.066% due 10/25/2036 •  | 2449 | 1080 |
| 4.176% due 02/25/2037 •  | 3939 | 1751 |
| 4.306% due 09/25/2036 •  | 3104 | 1333 |
| **New Century Home Equity Loan Trust**  |  |  |
| 4.586% due 08/25/2034 •  | 7 | 7 |
| 4.926% due 01/25/2034 •  | 61 | 62 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **NovaStar Mortgage Funding Trust** <br>4.186% due 01/25/2037 •  | 5876 | 1951 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.086% due 04/25/2037 •  | 2933 | 1455 |
| 4.581% due 05/25/2035 •  | 502 | 490 |
| **SASCO Mortgage Loan Trust** <br>4.971% due 04/25/2035 •  | 445 | 467 |
| **Soundview Home Loan Trust**  |  |  |
| 3.926% due 06/25/2037 •  | 7 | 5 |
| 4.016% due 07/25/2037 •  | 243 | 221 |
| 4.066% due 01/25/2037 •  | 2918 | 2143 |
| **Structured Asset Investment Loan Trust** <br>5.571% due 11/25/2034 •  | 2253 | 2481 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>4.306% due 04/25/2037 •  | 348 | 346 |
|  |  | 44476 |
| **WHOLE LOAN COLLATERAL 0.1%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.884% due 10/25/2036 ~ | 6 | 6 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.066% due 12/25/2037 •  | 836 | 813 |
| 4.896% due 09/25/2033 •  | 1921 | 1936 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.426% due 12/25/2035 •  | 494 | 488 |
|  |  | 3243 |
| **OTHER ABS 5.0%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 1000 | 1002 |
| **37 Capital CLO 4 Ltd.** <br>4.995% due 04/15/2035 •  | 1600 | 1600 |
| **37 Capital CLO II Ltd.** <br>5.195% due 07/15/2034 •  | 1000 | 1002 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 1000 | 1000 |
| **AMMC CLO 27 Ltd.** <br>4.964% due 01/20/2037 •  | 600 | 600 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.934% due 10/20/2034 •  | 600 | 600 |
| **Arbour CLO DAC** <br>3.394% due 05/15/2038 •  | 2000 | 2355 |
| **Atlas Senior Loan Fund XV Ltd.** <br>5.080% due 10/23/2032 •  | $996 | 997 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 1100 | 1100 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 5.042% due 07/17/2035 •  | 900 | 900 |
| 5.124% due 07/16/2034 •  | 1000 | 1001 |
| 5.124% due 07/19/2034 •  | 1000 | 1001 |
| **Bain Capital Euro CLO DAC** <br>3.265% due 01/22/2038 •  | 1900 | 2235 |
| **Barings Euro CLO DAC**  |  |  |
| 0.000% due 08/15/2039 •(b)  | 1000 | 1175 |
| 3.250% due 10/21/2038 •  | 2200 | 2583 |
| **Bayfront Iabs VII Pte. Ltd.** <br>0.000% due 04/11/2048 «•  | $3000 | 3000 |
| **Birch Grove CLO Ltd.** <br>5.472% due 07/17/2037 •  | 3300 | 3314 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 1500 | 1765 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 900 | 1059 |
| **Capital Street Master Trust**  |  |  |
| 5.074% due 08/16/2029 •  | $1000 | 999 |
| 5.324% due 10/16/2028 •  | 3000 | 3001 |
| **Carlyle U.S. CLO Ltd.** <br>4.938% due 01/25/2035 •  | 900 | 900 |
| **CarVal CLO I Ltd.** <br>5.124% due 07/16/2031 •  | 848 | 849 |
| **CBAMR Ltd.** <br>5.535% due 07/15/2037 •  | 2400 | 2402 |
| **Cumulus Static CLO DAC** <br>3.264% due 11/15/2033 •  | 2135 | 2514 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(b) | 1500 | 1763 |
| **CVC Cordatus Loan Fund XXX DAC** <br>3.297% due 05/15/2037 •  | 2000 | 2352 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.904% due 08/15/2033 •  | 3921 | 4604 |
| **ECMC Group Student Loan Trust** <br>4.739% due 02/27/2068 •  | $849 | 845 |
| **Elevation CLO Ltd.** <br>4.988% due 07/25/2034 •  | 1000 | 999 |

---

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Fortress Credit BSL VII Ltd.** <br>4.950% due 07/23/2032 •  | 319 | 319 |
| **GoldenTree Loan Management U.S. CLO 8 Ltd.** <br>5.034% due 10/20/2034 •  | 1000 | 1000 |
| **Greywolf CLO IV Ltd.** <br>5.122% due 04/17/2034 •  | 550 | 551 |
| **Grosvenor Place CLO DAC**  |  |  |
| 3.249% due 01/15/2039 •  | 1700 | 1999 |
| 3.383% due 08/15/2039 •  | 1300 | 1528 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 2200 | 2585 |
| **Horizon Aircraft Finance I Ltd.** <br>4.458% due 12/15/2038 | $832 | 824 |
| **ICG U.S. CLO Ltd.** <br>4.884% due 01/16/2033 •  | 354 | 354 |
| **Indigo Credit Management I DAC** <br>0.000% due 10/15/2037 •  | 1000 | 1175 |
| **Indigo Credit Management II DAC** <br>3.209% due 07/15/2038 •  | 1250 | 1470 |
| **Invesco Euro CLO V DAC** <br>3.029% due 01/15/2034 •  | 1600 | 1882 |
| **Invesco Euro CLO XI DAC** <br>3.283% due 10/22/2036 •  | 1900 | 2235 |
| **Invitation Homes Trust** <br>4.000% due 09/17/2041 | $7387 | 7280 |
| **Jamestown CLO XVIII Ltd.** <br>5.128% due 07/25/2035 •  | 1200 | 1202 |
| **KKR CLO 27 Ltd.** <br>5.015% due 01/15/2035 •  | 500 | 500 |
| **KKR CLO 33 Ltd.** <br>4.993% due 07/20/2034 •  | 400 | 400 |
| **Madison Park Funding XXXIX Ltd.** <br>5.107% due 10/22/2034 •  | 1000 | 1001 |
| **MV Credit Euro CLO III DAC** <br>3.364% due 02/15/2038 •  | 1400 | 1645 |
| **Navesink CLO 2 Ltd.**  |  |  |
| 0.000% due 01/15/2036 •(b)  | $800 | 800 |
| 5.175% due 04/15/2036 •  | 1000 | 1000 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.972% due 10/14/2036 •  | 1000 | 1000 |
| **Northwoods Capital XII-B Ltd.** <br>4.913% due 06/15/2031 •  | 452 | 453 |
| **Northwoods Capital XIV-B Ltd.** <br>5.091% due 11/13/2031 •  | 538 | 538 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 3.047% due 07/15/2035 •  | 1200 | 1410 |
| 3.764% due 08/15/2033 •  | 2000 | 2357 |
| **Penta CLO 9 DAC** <br>2.915% due 07/25/2036 •  | 1500 | 1763 |
| **Pikes Peak CLO 4** <br>5.115% due 07/15/2034 •  | $1000 | 1001 |
| **Regatta XVI Funding Ltd.** <br>5.105% due 01/15/2033 •  | 1124 | 1125 |
| **Romark CLO V Ltd.** <br>5.095% due 01/15/2035 •  | 1200 | 1201 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 2900 | 2918 |
| **Sandstone Peak Ltd.** <br>5.185% due 10/15/2034 •  | 750 | 751 |
| **Sound Point CLO XXVIII Ltd.** <br>5.138% due 01/25/2032 •  | 1982 | 1984 |
| **Switch ABS Issuer LLC** <br>5.121% due 10/25/2055 | 10350 | 10351 |
| **Symphony CLO 36 Ltd.** <br>0.000% due 01/20/2036 •(b) | 1100 | 1100 |
| **TCI-Symphony CLO Ltd.** <br>5.096% due 07/15/2030 •  | 374 | 374 |
| **TCW CLO AMR Ltd.** <br>5.151% due 08/16/2034 •  | 1300 | 1301 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 396 | 398 |
| **Thayer Park CLO Ltd.** <br>4.868% due 04/20/2034 •  | 600 | 600 |
| **THL Credit Wind River CLO Ltd.** <br>5.105% due 04/15/2035 •  | 1100 | 1101 |
| **TIAA CLO IV Ltd.** <br>5.024% due 01/20/2032 •  | 336 | 336 |
| **UPX HIL Issuer Trust** <br>5.160% due 01/25/2047 | 868 | 876 |
| **Venture 44 CLO Ltd.** <br>5.024% due 10/20/2034 •  | 1000 | 1000 |
| **Verdelite Static CLO Ltd.** <br>5.014% due 07/20/2032 •  | 556 | 556 |
| **Vibrant CLO XII Ltd.** <br>5.034% due 04/20/2034 •  | 2000 | 2000 |

---

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Voya CLO Ltd.**  |  |  |
| 5.084% due 07/20/2032 •  | 1383 | 1384 |
| 5.273% due 07/14/2031 •  | 201 | 201 |
| **Wellfleet CLO Ltd.**  |  |  |
| 5.055% due 07/15/2034 •  | 800 | 800 |
| 5.064% due 04/20/2034 •  | 600 | 601 |
|  |  | 118747 |
| Total Asset-Backed Securities (Cost $209,114) |  | 200714 |
| **SOVEREIGN ISSUES 7.5%**  |  |  |
| **Canada Government Bonds** <br>3.000% due 06/01/2034 | 3400 | 2421 |
| **Cassa Depositi e Prestiti SpA**  |  |  |
| 4.375% due 10/01/2030  | $2500 | 2513 |
| 5.750% due 05/05/2026  | 3000 | 3017 |
| **Colombia Government International Bonds** <br>7.375% due 09/18/2037 | 720 | 734 |
| **CPPIB Capital, Inc.** <br>4.300% due 06/02/2034 | 2400 | 1826 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $7500 | 7649 |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 02/19/2030  | 800 | 829 |
| 5.500% due 03/12/2034  | 6200 | 6431 |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 6400 | 7301 |
| 5.250% due 03/22/2030  | 3400 | 4012 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.300% due 12/20/2054  | 1760000 | 9024 |
| 2.400% due 03/20/2055  | 265000 | 1390 |
| 2.800% due 06/20/2055  | 710000 | 4058 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.000% due 12/20/2044  | 2280000 | 12667 |
| 2.400% due 03/20/2045  | 424000 | 2506 |
| **Korea Housing Finance Corp.** <br>4.625% due 02/24/2033 | $1500 | 1517 |
| **Mexico Government International Bonds** <br>5.375% due 03/22/2033 | 4000 | 3978 |
| **Mexico Udibonos**  |  |  |
| 3.000% due 12/03/2026 (f)  | 199 | 11 |
| 4.000% due 11/30/2028 (f)  | 1127 | 62 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 2200 | 653 |
| 6.150% due 08/12/2032  | 86600 | 27804 |
| 6.950% due 08/12/2031  | 10800 | 3572 |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.250% due 03/31/2032  | 17600 | 1090 |
| 8.500% due 01/31/2037  | 70800 | 4250 |
| 8.875% due 02/28/2035  | 633200 | 39904 |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 7800 | 8291 |
| 2.875% due 04/13/2042  | 1690 | 1312 |
| 5.500% due 09/18/2028  | 2850 | 3545 |
| 6.750% due 07/11/2039  | 700 | 858 |
| **Spain Government Bonds** <br>5.150% due 10/31/2044 | 8800 | 12170 |
| **U.K. Gilts** <br>4.375% due 07/31/2054 | 3300 | 3905 |
| Total Sovereign Issues (Cost $173,984) |  | 179300 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.3%**  |  |  |
| **BANKING & FINANCE 0.3%**  |  |  |
| **Brighthouse Holdings LLC**<br>6.500% due 07/27/2037 þ(g) | 1100000 | 931 |
| **Capital Farm Credit ACA**<br>5.000% due 03/15/2026 (g) | 2700000 | 2702 |
| **CoBank ACB**<br>4.250% due 01/01/2027 (g) | 2400000 | 2356 |
| **Farm Credit Bank of Texas**<br>7.750% due 06/15/2029 (g) | 500000 | 525 |
| Total Preferred Securities (Cost $6,700) |  | 6514 |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.850 (i) | 565145 | 565 |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.1%**  |  |  |
| 3.655% due 03/31/2026 - 04/21/2026 (d)(e)(o) | $2579 | 2555 |
| Total Short-Term Instruments (Cost $3,120) |  | 3120 |
| Total Investments in Securities (Cost $4,087,309) |  | 3756714 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.4%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1029058 | 10024 |
| Total Short-Term Instruments (Cost $10,023) |  | 10024 |
| Total Investments in Affiliates (Cost $10,023) |  | 10024 |
| Total Investments 156.9% (Cost $4,097,332) |  | $3766738 |
| **Financial Derivative Instruments (l)(n) (0.1)**%(Cost or Premiums, net $10,858) |  | (2062) |
| Other Assets and Liabilities, net (56.8)% |  | (1364319) |
| Net Assets 100.0% |  | $2400357 |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(h)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(i)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(j)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Corp0hrg0 | Corp0hrg0 | Corp0hrg0 | 5.330 | 06/07/2035 | 06/07/2035 | 03/11/2025 | 03/11/2025 | 900 | 900 | 925 | 925 | 925 | 0.04 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | 0.000 | 04/02/2032 | 04/02/2032 | 05/06/2020 | 05/06/2020 | 3315 | 3315 | 2714 | 2714 | 2714 | 0.11 |
| National Football League | National Football League | National Football League | 4.780 | 10/05/2030 | 10/05/2030 | 06/27/2025 | 06/27/2025 | 2700 | 2700 | 2747 | 2747 | 2747 | 0.11 |
| National Football League | National Football League | National Football League | 5.250 | 10/05/2034 | 10/05/2034 | 06/27/2025 | 06/27/2025 | 2300 | 2300 | 2345 | 2345 | 2345 | 0.10 |
| Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | 6.026 | 03/26/2026 | 03/26/2026 | 03/18/2025 | 03/18/2025 | 700 | 700 | 700 | 700 | 700 | 0.03 |
|  |  |  |  |  |  |  | $ | 9915 | $ | 9431 | 9431 | 0.39%  | 0.39%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BSN | BSN | 3.810%  | 3.810%  | 3.810%  | 01/02/2026 | 01/02/2026 | 01/16/2026 | 01/16/2026 | (16730) | (16730) | (16731) | (16731) | (16731) |
|  |  | 3.930  | 3.930  | 3.930  | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | (17760) | (17760) | (17789) | (17789) | (17789) |
| CIB | CIB | 3.930  | 3.930  | 3.930  | 12/17/2025 | 12/17/2025 | 01/07/2026 | 01/07/2026 | (8049) | (8049) | (8063) | (8063) | (8063) |
| JPS | JPS | 3.930  | 3.930  | 3.930  | 12/17/2025 | 12/17/2025 | 01/07/2026 | 01/07/2026 | (193839) | (193839) | (194177) | (194177) | (194177) |
|  |  | 3.930  | 3.930  | 3.930  | 12/22/2025 | 12/22/2025 | 01/05/2026 | 01/05/2026 | (69455) | (69455) | (69538) | (69538) | (69538) |
|  |  | 4.010  | 4.010  | 4.010  | 12/30/2025 | 12/30/2025 | 01/06/2026 | 01/06/2026 | (350109) | (350109) | (350226) | (350226) | (350226) |
| NXN | NXN | 3.820  | 3.820  | 3.820  | 01/02/2026 | 01/02/2026 | 01/09/2026 | 01/09/2026 | (253219) | (253219) | (253219) | (253219) | (253219) |
|  |  | 3.930  | 3.930  | 3.930  | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | (255833) | (255833) | (256252) | (256252) | (256252) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **(1165995)** | **(1165995)** | **(1165995)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% | U.S. Government Agencies (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | $ | 10300 | $(10545) | (10545) | $ | $(10577) |
| **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** | **Total Short Sales (0.4)%** |  |  |  | $**(10545)** | **(10545)** | **$** | $**(10577)** |
| **(k)** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $884,841 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(832274) at a weighted average interest rate of 4.409%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $112.000 | 112.000 | 01/23/2026 | $20 | 20 | (4) | (4) | $ | (6) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 20 | 20 | (4) | (4) |  | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(8)** | **(8)** | **$** | **(8)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 09/2027 | 668 | 668 | 161748 | 161748 | (101) | (101) | 0 | 0 | 0 | (42) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 06/2027 | 650 | 650 | 157438 | 157438 | (63) | (63) | 0 | 0 | 0 | (40) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 12/2027 | 650 | 650 | 157308 | 157308 | (98) | (98) | 0 | 0 | 0 | (49) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 406 | 406 | 29664 | 29664 | 52 | 52 | 34 | 34 | 34 | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 43 | 43 | 5296 | 5296 | 35 | 35 | 9 | 9 | 9 | (4) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 1133 | 1133 | 236558 | 236558 | (12) | (12) | 0 | 0 | 0 | (80) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 1242 | 1242 | 139647 | 139647 | (232) | (232) | 0 | 0 | 0 | (252) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 3345 | 3345 | 394710 | 394710 | (6690) | (6690) | 0 | 0 | 0 | (1254) |
|  |  |  |  |  |  |  |  |  |  |  | (7109) | $ | 43 | 43 | 43 | (1721) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 164 | 164 | (24587) | (24587) | 328 | 328 | 44 | 44 | 44 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 218 | 218 | (30894) | (30894) | 286 | 286 | 74 | 74 | 74 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 78 | 78 | (65934) | (65934) | 443 | 443 | 145 | 145 | 145 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 625 | 625 | (68315) | (68315) | 234 | 234 | 73 | 73 | 73 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 5097 | 5097 | (586235) | (586235) | 4031 | 4031 | 956 | 956 | 956 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 5322 | $ | 1292 | 1292 | 1292 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(1787)** | **$** | **1335** | **1335** | **1335** | **(1721)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 1.000% | 06/20/2028 | 0.414 | 0.414 | $ | $23500 | 23500 | (128) | (128) | 463 | 335 | 335 | 0 | 0 | (7) |
| Barclays PLC  | Barclays PLC  | 1.000 | 12/20/2030 | 0.629 | 0.629 | EUR | 1000 | 1000 | 16 | 16 | 5 | 21 | 21 | 1 | 1 | 0 |
| Glencore Finance  | Glencore Finance  | 5.000 | 12/20/2029 | 0.621 | 0.621 |  | 1600 | 1600 | 338 | 338 | (22) | 316 | 316 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | 06/20/2026 | 0.226 | 0.226 | $ | $800 | 800 | 3 | 3 | 0 | 3 | 3 | 0 | 0 | 0 |
| T-Mobile USA, Inc.  | T-Mobile USA, Inc.  | 5.000 | 06/20/2028 | 0.255 | 0.255 |  | 2400 | 2400 | 413 | 413 | (138) | 275 | 275 | 0 | 0 | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 06/20/2028 | 0.392 | 0.392 |  | 3000 | 3000 | (9) | (9) | 53 | 44 | 44 | 0 | 0 | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 12/20/2028 | 0.425 | 0.425 |  | 800 | 800 | (2) | (2) | 15 | 13 | 13 | 0 | 0 | 0 |
| Volkswagen International Finance NV  | Volkswagen International Finance NV  | 1.000 | 06/20/2028 | 0.455 | 0.455 | EUR | 200 | 200 | 2 | 2 | 1 | 3 | 3 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | $633 | 633 | 377 | 1010 | 1010 | $1 | 1 | $(7) |

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------

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 32400 | 712 | 25 | 737 | 737 | 0 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 382210 | 8517 | 254 | 8771 | 8771 | 6 | 0 |
|  |  |  |  |  |  |  |  | 9229 | 279 | 9508 | 9508 | 6 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | Annual | 09/17/2030 | 75400 | $(276) | $694 | $418 | 418 | $85 | $0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | Annual | 03/18/2028 | 9140000 | 181 | 97 | 278 | 278 | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.638 | Annual | Annual | 05/31/2028 | $7400 | 0 | (27) | (27) | (27) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | Annual | 05/31/2028 | 14900 | 0 | (62) | (62) | (62) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.662 | Annual | Annual | 05/31/2028 | 72000 | 0 | (315) | (315) | (315) | 53 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | Annual | 05/31/2028 | 134400 | 0 | (652) | (652) | (652) | 99 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | Annual | 05/31/2028 | 72000 | 0 | (375) | (375) | (375) | 53 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.694 | Annual | Annual | 05/31/2028 | 71700 | 0 | (380) | (380) | (380) | 53 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | Annual | 05/31/2028 | 5100 | 0 | (44) | (44) | (44) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2029 | 68400 | 109 | (783) | (674) | (674) | 78 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | Annual | 03/04/2030 | 1700 | (3) | (19) | (22) | (22) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | Annual | 02/28/2031 | 30590 | 180 | (522) | (342) | (342) | 51 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | Annual | 04/30/2031 | 16300 | 0 | 232 | 232 | 232 | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | Annual | 04/30/2031 | 25900 | 0 | 215 | 215 | 215 | 44 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | Annual | 06/30/2031 | 48400 | 5 | 710 | 715 | 715 | 84 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.441 | Semi-Annual | Semi-Annual | 07/21/2031 | 55500 | (189) | 6825 | 6636 | 6636 | 98 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 05/15/2032 | 105223 | (105) | (944) | (1049) | (1049) | 189 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | Annual | 09/13/2033 | 18300 | (66) | 433 | 367 | 367 | 0 | (36) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | Annual | 03/05/2034 | 13200 | (56) | (43) | (99) | (99) | 0 | (27) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.465 | Annual | Annual | 10/30/2034 | 10200 | (33) | (172) | (205) | (205) | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | Annual | 11/01/2034 | 1500 | (5) | (24) | (29) | (29) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | Annual | 11/15/2049 | 100 | 0 | 13 | 13 | 13 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.464 | Annual | Annual | 11/15/2049 | 300 | 0 | 34 | 34 | 34 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.527 | Annual | Annual | 11/15/2049 | 100 | 0 | 10 | 10 | 10 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | Annual | 12/15/2051 | 23200 | (989) | 10059 | 9070 | 9070 | 59 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.330 | Semi-Annual | Semi-Annual | 10/25/2053 | 41590 | 2597 | 12220 | 14817 | 14817 | 112 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | Annual | 11/15/2053 | 200 | (2) | 31 | 29 | 29 | 1 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | Annual | 11/15/2053 | 100 | 2 | 2 | 4 | 4 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.992 | Annual | Annual | 11/15/2053 | 1400 | 0 | (43) | (43) | (43) | 0 | (5) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | Annual | 11/15/2053 | 396 | 1 | 6 | 7 | 7 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.809 | Annual | Annual | 02/15/2055 | 7400 | 0 | 491 | 491 | 491 | 25 | 0 |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.750 | Semi-Annual | Semi-Annual | 12/20/2033 | 76600 | (159) | (127) | (286) | (286) | 0 | (41) |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.770 | Annual | Annual | 04/16/2029 | EUR | 1200 |  | (2) |  | 39 |  | 37 |  | 0 | 0 |  | (1) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.770 | Annual | Annual | 04/29/2034 |  | 4400 |  | (12) |  | 68 |  | 56 |  | 0 | 0 |  | (6) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.420 | Annual | Annual | 03/07/2035 |  | 3200 |  | (8) |  | (83) |  | (91) |  | 0 | 0 |  | (4) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 12100 |  | (40) |  | (216) |  | (256) |  | 0 | 0 |  | (17) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 |  | 13590 |  | (183) |  | 993 |  | 810 |  | 45 | 45 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.720 | Lunar | Lunar | 04/01/2030 | MXN | 19000 |  | 0 |  | 4 |  | 4 |  | 1 | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.750 | Lunar | Lunar | 04/01/2030 |  | 42900 |  | 2 |  | 9 |  | 11 |  | 3 | 3 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.790 | Lunar | Lunar | 04/01/2030 |  | 37900 |  | 0 |  | 13 |  | 13 |  | 2 | 2 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.582 | Lunar | Lunar | 04/02/2030 |  | 18100 |  | 0 |  | (2) |  | (2) |  | 1 | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.748 | Lunar | Lunar | 04/02/2030 |  | 24800 |  | 0 |  | 6 |  | 6 |  | 1 | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.910 | Lunar | Lunar | 03/29/2032 |  | 5900 |  | 0 |  | 1 |  | 1 |  | 1 | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.100 | Lunar | Lunar | 03/26/2035 |  | 4500 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2034 | CAD | 5500 |  | 12 |  | 3 |  | 15 |  | 4 | 4 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $961 | 961 | $28375 | 28375 | $29336 | 29336 | $1232 | 1232 | 1232 | $(162) | (162) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**10823** | **10823** | $**29031** | **29031** | $**39854** | **39854** | $**1239** | **1239** | **1239** | $**(169)** | **(169)** |
| **(m)** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $60,651 and cash of $4,508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $1779 | 1779 | 1779 | JPY | 276584 | 276584 | 276584 | 0 | 0 | 0 | 0 | $(12) | (12) | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | INR | 2739 | 2739 | 2739 | $ | $30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 1008361 | 1008361 | 1008361 |  | 693 | 693 | 693 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 5700 | 5700 | 5700 |  | 1558 | 1558 | 1558 | 0 | 0 | 0 | 0 | (30) | (30) | (30) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 13960 | 13960 | 13960 |  | 431 | 431 | 431 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 52047 | 52047 | 52047 |  | 1707 | 1707 | 1707 | 50 | 50 | 50 | 50 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1443 | 1443 | 1443 | PLN | 5270 | 5270 | 5270 | 25 | 25 | 25 | 25 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 239 | 239 | 239 | TWD | 7529 | 7529 | 7529 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 950 | 950 | 950 | ZAR | 15835 | 15835 | 15835 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 3920 | 3920 | 3920 | $ | $1230 | 1230 | 1230 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 7289 | 7289 | 7289 |  | 2162 | 2162 | 2162 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $336 | 336 | 336 | MXN | 6195 | 6195 | 6195 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 15273 | 15273 | 15273 | $ | $9971 | 9971 | 9971 | 0 | 0 | 0 | 0 | (222) | (222) | (222) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 434 | 434 | 434 |  | 551 | 551 | 551 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 24852 | 24852 | 24852 |  | 3527 | 3527 | 3527 | 0 | 0 | 0 | 0 | (39) | (39) | (39) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 1240 | 1240 | 1240 |  | 1677 | 1677 | 1677 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 6604 | 6604 | 6604 |  | 2031 | 2031 | 2031 | 0 | 0 | 0 | 0 | (43) | (43) | (43) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 104578 | 104578 | 104578 |  | 1160 | 1160 | 1160 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 377600 | 377600 | 377600 |  | 2444 | 2444 | 2444 | 31 | 31 | 31 | 31 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 6540 | 6540 | 6540 |  | 3716 | 3716 | 3716 | 0 | 0 | 0 | 0 | (50) | (50) | (50) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 10883 | 10883 | 10883 |  | 2980 | 2980 | 2980 | 0 | 0 | 0 | 0 | (51) | (51) | (51) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 216325 | 216325 | 216325 |  | 7096 | 7096 | 7096 | 208 | 208 | 208 | 208 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $5085 | 5085 | 5085 | CNH | 35620 | 35620 | 35620 | 23 | 23 | 23 | 23 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 299 | 299 | 299 | IDR | 4995297 | 4995297 | 4995297 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 540 | 540 | 540 | INR | 48784 | 48784 | 48784 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2573 | 2573 | 2573 | PLN | 9291 | 9291 | 9291 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 9849 | 9849 | 9849 | TWD | 309000 | 309000 | 309000 | 15 | 15 | 15 | 15 | (24) | (24) | (24) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2091 | 2091 | 2091 | ZAR | 34868 | 34868 | 34868 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 14462 | 14462 | 14462 | $ | $864 | 864 | 864 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1204 | 1204 | 1204 | INR | 108514 | 108514 | 108514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 3004 | 3004 | 3004 | TWD | 94284 | 94284 | 94284 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 25031 | 25031 | 25031 | $ | $806 | 806 | 806 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | EUR | 1652 | 1652 | 1652 |  | 1918 | 1918 | 1918 | 0 | 0 | 0 | 0 | (25) | (25) | (25) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 1643 | 1643 | 1643 |  | 512 | 512 | 512 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $9675 | 9675 | 9675 | GBP | 7400 | 7400 | 7400 | 299 | 299 | 299 | 299 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 879 | 879 | 879 | PLN | 3202 | 3202 | 3202 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |

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------

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 948 | 42820 | 33 | 0 |
|  | 01/2026  | 56446 | $3259 | 0 | (145) |
|  | 02/2026  | 1625 | 505 | 0 | (6) |
|  | 02/2026  | $929 | 17214 | 23 | 0 |
|  | 02/2026  | 12402 | 560531 | 370 | 0 |
|  | 03/2026  | 2917 | 54017 | 61 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 569206 | $3657 | 21 | 0 |
|  | 02/2026  | 2011 | 575 | 0 | (22) |
|  | 05/2026  | 42454 | 12162 | 0 | (405) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 14283 | 9479 | 0 | (54) |
|  | 01/2026  | 23 | 16 | 0 | 0 |
|  | 01/2026  | 9987 | 11692 | 0 | (50) |
|  | 01/2026  | 4490 | 440 | 0 | (5) |
|  | 01/2026  | 2147 | 1239 | 3 | 0 |
|  | 01/2026  | 28 | 8 | 0 | 0 |
|  | 01/2026  | 263911 | 8683 | 280 | 0 |
|  | 01/2026  | $1143 | 1723 | 7 | 0 |
|  | 01/2026  | 3283 | 22917 | 6 | 0 |
|  | 01/2026  | 290 | 929 | 1 | 0 |
|  | 01/2026  | 19820 | 1771277 | 15 | (175) |
|  | 01/2026  | 9491 | 16399 | 0 | (46) |
|  | 01/2026  | 350 | 1256 | 0 | 0 |
|  | 01/2026  | 1 | 19 | 0 | 0 |
|  | 01/2026  | 2476 | 77385 | 2 | (13) |
|  | 01/2026  | 392 | 6668 | 10 | 0 |
|  | 02/2026  | 3077 | $968 | 2 | 0 |
|  | 02/2026  | $75 | 2347 | 0 | 0 |
|  | 03/2026  | 27205 | $874 | 9 | 0 |
|  | 04/2026  | 26647 | 7685 | 0 | (213) |
|  | 05/2026  | 11961 | 3507 | 0 | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 2719 | 845 | 0 | (9) |
|  | 01/2026  | 1271431 | 869 | 0 | (13) |
|  | 01/2026  | 537 | 310 | 1 | 0 |
|  | 01/2026  | $1751 | 5585 | 3 | 0 |
|  | 01/2026  | 5897 | 525126 | 0 | (68) |
|  | 01/2026  | 3124 | 4589595 | 59 | 0 |
|  | 01/2026  | 859 | 14434 | 12 | 0 |
|  | 01/2026  | 100592 | $5773 | 0 | (292) |
|  | 02/2026  | 5583 | 1751 | 0 | (3) |
|  | 02/2026  | $101 | 3169 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 21229 | $13789 | 0 | (380) |
|  | 01/2026  | 508 | 634 | 0 | (8) |
|  | 01/2026  | 12388 | 1760 | 0 | (17) |
|  | 01/2026  | 5602 | 3210 | 0 | (17) |
|  | 01/2026  | 1402 | 381 | 0 | (10) |
|  | 01/2026  | 20 | 16 | 0 | 0 |
|  | 01/2026  | $927 | 2972 | 6 | 0 |
|  | 01/2026  | 10610 | 196804 | 294 | 0 |
|  | 01/2026  | 4752 | 17314 | 70 | 0 |
|  | 01/2026  | 856 | 14365 | 10 | 0 |
|  | 01/2026  | 69752 | $4056 | 0 | (150) |
|  | 02/2026  | 2971 | 927 | 0 | (6) |
|  | 03/2026  | 18140 | 5350 | 0 | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 1581 | 1973 | 0 | (26) |
|  | 01/2026  | 2063 | 639 | 0 | (9) |
|  | 01/2026  | $2396 | 16891 | 28 | 0 |
|  | 01/2026  | 4919 | 17970 | 86 | 0 |
|  | 01/2026  | 465 | 14795 | 5 | 0 |
|  | 01/2026  | 51867 | $3009 | 0 | (119) |
|  | 02/2026  | $28307 | 155849 | 0 | (81) |
|  | 03/2026  | 171 | $31 | 0 | 0 |
|  | 03/2026  | $1376 | 25529 | 34 | 0 |
|  | 04/2026  | 2841 | 52389 | 40 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 51568 | $7322 | 0 | (77) |
|  | 01/2026  | 19765 | 6072 | 0 | (134) |
|  | 01/2026  | 98133 | 1102 | 13 | 0 |
|  | 01/2026  | 3305983 | 2304 | 11 | 0 |
|  | 01/2026  | 679 | 37 | 0 | (1) |
|  | 01/2026  | 3194 | 1853 | 14 | 0 |
|  | 01/2026  | 11675 | 3185 | 0 | (67) |
|  | 01/2026  | $2864 | 20119 | 23 | 0 |
|  | 01/2026  | 2422 | 215656 | 0 | (28) |
|  | 01/2026  | 3069 | 11335 | 88 | 0 |
|  | 01/2026  | 19012 | $1108 | 0 | (39) |
|  | 02/2026  | $2304 | 3301644 | 0 | (15) |
|  | 02/2026  | 1267 | 23501 | 32 | 0 |
|  | 02/2026  | 0 | 16 | 0 | 0 |
|  | 03/2026  | 1850 | 33916 | 22 | 0 |
|  | 04/2026  | 1059 | 19508 | 14 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 1056 | $698 | 0 | (7) |
|  | 01/2026  | 53868 | 38274 | 0 | (994) |
|  | 01/2026  | 661 | 832 | 0 | (3) |
|  | 01/2026  | 63873 | 74191 | 0 | (904) |
|  | 01/2026  | 911 | 1224 | 0 | (4) |
|  | 01/2026  | 475999 | 3065 | 24 | 0 |
|  | 01/2026  | 2108 | 1218 | 4 | 0 |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | SGD | 65227 | 65227 |  | 50270 | 50270 | 50270 |  | 0 | 0 |  |  | (506) | (506) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 189460 | 189460 |  | 6252 | 6252 | 6252 |  | 220 | 220 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1062 | 1062 | CAD | 1461 | 1461 | 1461 |  | 3 | 3 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 3093 | 3093 | EUR | 2629 | 2629 | 2629 |  | 0 | 0 |  |  | (2) | (2) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 383 | 383 | INR | 34669 | 34669 | 34669 |  | 2 | 2 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1336 | 1336 | JPY | 207911 | 207911 | 207911 |  | 0 | 0 |  |  | (8) | (8) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2442 | 2442 | NZD | 4241 | 4241 | 4241 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 886 | 886 | PLN | 3249 | 3249 | 3249 |  | 19 | 19 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 230 | 230 | THB | 7436 | 7436 | 7436 |  | 7 | 7 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 368 | 368 | TWD | 11612 | 11612 | 11612 |  | 2 | 2 |  |  | 0 | 0 |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 0 | 0 | MXN | 4 | 4 | 4 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 771 | 771 |  | 14183 | 14183 | 14183 |  | 12 | 12 |  |  | 0 | 0 |
|  |  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 849 | 849 |  | 15670 | 15670 | 15670 |  | 13 | 13 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 01/2026  | ILS | 5 | 5 | $ | 2 | 2 | 2 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $10 | 10 | JPY | 1529 | 1529 | 1529 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 5925 | 5925 | $ | 1840 | 1840 | 1840 |  | 0 | 0 |  |  | (21) | (21) |
|  |  |  |  | 03/2026  | 03/2026  | 03/2026  | MXN | 2667 | 2667 |  | 147 | 147 | 147 |  | 0 | 0 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | 01/2026  | KRW | 2084222 | 2084222 |  | 1424 | 1424 | 1424 |  | 0 | 0 |  |  | (21) | (21) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $2097 | 2097 | KRW | 3078559 | 3078559 | 3078559 |  | 38 | 38 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 225 | 225 | TRY | 10160 | 10160 | 10160 |  | 8 | 8 |  |  | 0 | 0 |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 10834 | 10834 |  | 492309 | 492309 | 492309 |  | 308 | 308 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 01/2026  | CHF | 506 | 506 | $ | 632 | 632 | 632 |  | 0 | 0 |  |  | (8) | (8) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 24700 | 24700 |  | 3506 | 3506 | 3506 |  | 0 | 0 |  |  | (39) | (39) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 15470 | 15470 |  | 170 | 170 | 170 |  | 0 | 0 |  |  | (2) | (2) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 548846 | 548846 |  | 3526 | 3526 | 3526 |  | 20 | 20 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 56427 | 56427 |  | 1852 | 1852 | 1852 |  | 55 | 55 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $497 | 497 | IDR | 8308894 | 8308894 | 8308894 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 355 | 355 | INR | 32034 | 32034 | 32034 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1221 | 1221 | TWD | 38191 | 38191 | 38191 |  | 0 | 0 |  |  | (6) | (6) |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 3428 | 3428 | MXN | 63601 | 63601 | 63601 |  | 86 | 86 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 01/2026  | CHF | 2106 | 2106 | $ | 2631 | 2631 | 2631 |  | 0 | 0 |  |  | (30) | (30) |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $4545 | 4545 | PLN | 16533 | 16533 | 16533 |  | 60 | 60 |  |  | 0 | 0 |
|  |  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 98536 | 98536 | $ | 5666 | 5666 | 5666 |  | 0 | 0 |  |  | (276) | (276) |
|  |  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $1702 | 1702 | MXN | 31534 | 31534 | 31534 |  | 40 | 40 |  |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**3353** | **3353** | **3353** | **$** | $**(6137)** | **(6137)** | **(6137)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BPS | BPS | BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.622% | 3.622% | 3.622% | 01/29/2026 | 1100 | 1100 | 1100 | (3) | (3) | $ | $(1) | (1) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.882 | 3.882 | 3.882 | 01/29/2026 | 1100 | 1100 | 1100 | (2) | (2) |  | (3) | (3) |
| FAR | FAR | FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.580 | 3.580 | 3.580 | 01/05/2026 | 3000 | 3000 | 3000 | (7) | (7) |  | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.860 | 3.860 | 3.860 | 01/05/2026 | 3000 | 3000 | 3000 | (7) | (7) |  | (1) | (1) |
| MYC | MYC | MYC | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.625 | 3.625 | 3.625 | 01/08/2026 | 8300 | 8300 | 8300 | (21) | (21) |  | (1) | (1) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.925 | 3.925 | 3.925 | 01/08/2026 | 8300 | 8300 | 8300 | (21) | (21) |  | (2) | (2) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.639 | 3.639 | 3.639 | 01/12/2026 | 3900 | 3900 | 3900 | (9) | (9) |  | (1) | (1) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.919 | 3.919 | 3.919 | 01/12/2026 | 3900 | 3900 | 3900 | (9) | (9) |  | (2) | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(79)** | **(79)** | **$** | $**(11)** | **(11)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| GST | GST | Equinix, Inc.  | Equinix, Inc.  | Equinix, Inc.  | Equinix, Inc.  | 5.000% | 5.000% | Quarterly | 0.620% | 0.620% | 0.620% | $900 | $ | 126 | 126 | $(68) | $58 | 58 | 58 | $0 |
|  |  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | 1.000 | Quarterly | 1.706 | 1.706 | 1.706 | 500 |  | (4) | (4) | 3 | 0 | 0 | 0 | (1) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **122** | **122** | $**(65)** | $**58** | **58** | **58** | $**(1)** |
| **(o)** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,183 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

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|:---|:---|:---|:---|:---|:---|
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | $11773 | $6991 | $18764 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 402343 | 1278 | 403621 |
| Industrials | Industrials | 0 | 389781 | 5092 | 394873 |
| Utilities | Utilities | 0 | 236490 | 0 | 236490 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | California | 0 | 11448 | 0 | 11448 |
| Georgia | Georgia | 0 | 8026 | 0 | 8026 |
| Illinois | Illinois | 0 | 5650 | 0 | 5650 |
| Nevada | Nevada | 0 | 473 | 0 | 473 |
| New Mexico | New Mexico | 0 | 859 | 0 | 859 |
| New York | New York | 0 | 3950 | 0 | 3950 |
| Ohio | Ohio | 0 | 944 | 0 | 944 |
| Pennsylvania | Pennsylvania | 0 | 2918 | 0 | 2918 |
| Texas | Texas | 0 | 4762 | 0 | 4762 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 501211 | 0 | 501211 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 1661368 | 0 | 1661368 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 87551 | 24158 | 111709 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | 0 | 5023 | 0 | 5023 |
| Automobile Sequential | Automobile Sequential | 0 | 11931 | 0 | 11931 |
| Casino Services | Casino Services | 0 | 0 | 2363 | 2363 |
| CMBS Other | CMBS Other | 0 | 9350 | 0 | 9350 |
| Credit Card Other | Credit Card Other | 0 | 5581 | 0 | 5581 |
| Home Equity Other | Home Equity Other | 0 | 44476 | 0 | 44476 |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 3243 | 0 | 3243 |
| Other ABS | Other ABS | 0 | 115747 | 3000 | 118747 |
| Sovereign Issues | Sovereign Issues | 0 | 179300 | 0 | 179300 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 0 | 6514 | 0 | 6514 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 0 | 565 | 0 | 565 |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 2555 | 0 | 2555 |
|  |  | $0 | $3713832 | $42882 | $3756714 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $10024 | $0 | $0 | $10024 |
| Total Investments | Total Investments | $10024 | $3713832 | $42882 | $3766738 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | $0 | $(10577) | $0 | $(10577) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 306 | 2268 | 0 | 2574 |
| Over the counter | Over the counter | 0 | 3411 | 0 | 3411 |
|  |  | $306 | $5679 | $0 | $5985 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (4) | (1894) | 0 | (1898) |
| Over the counter | Over the counter | 0 | (6149) | 0 | (6149) |
|  |  | $(4) | $(8043) | $0 | $(8047) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $302 | $(2364) | $0 | $(2062) |
| Totals | Totals | $10326 | $3700891 | $42882 | $3754099 |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Long Duration Total Return Fund (Cont.) | &nbsp;&nbsp;&nbsp; December 31, 2025 (Unaudited) |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases | Net<br>Purchases | Net<br>Sales/Settlements | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $8547 | 8547 | $ | 411 | $ | $0 | $3 | $0 | $ | $399 | $0 | $(2369) | (2369) | 6991 | $ | 418 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 905 |  | 1252 |  | (900) | 0 | 0 |  | 21 | 0 | 0 | 0 | 1278 |  | 25 |
| Industrials |  | 0 |  | 5000 |  | 0 | 0 | 0 |  | 92 | 0 | 0 | 0 | 5092 |  | 92 |
| Non-Agency Mortgage-Backed Securities | 0 | 0 |  | 23669 |  | 0 | 0 | 0 |  | 489 | 0 | 0 | 0 | 24158 |  | 489 |
| Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Casino Services |  | 2277 |  | 0 |  | (94) | 0 | (7) |  | 187 | 0 | 0 | 0 | 2363 |  | 169 |
| Other ABS |  | 8975 |  | 3000 |  | (904) | 0 | 59 |  | 713 | 0 | (8.843) | (8.843) | 3000 |  | 0 |
| Totals | $20704 | 20704 | $ | 33332 | $ | $(1898) | $3 | $52 | $ | $1901 | $0 | $(11212) | (11212) | 42882 | $ | 1193 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $6577 | 6577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.843 - 5.630 | 3.843 - 5.630 | 3.843 - 5.630 | 4.033 |
|  |  |  |  | 414 | 414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250 | 100.250 | 100.250 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 925 | 925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.960 | 4.960 | 4.960 |  |
|  |  |  |  | 353 | 353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 | 100.000 |  |
| Industrials | Industrials | Industrials | Industrials | 5092 | 5092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.500 - 5.000 | 4.500 - 5.000 | 4.500 - 5.000 | 4.735 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 24158 | 24158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Casino Services | Casino Services | Casino Services | Casino Services | 2363 | 2363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.115 | 6.115 | 6.115 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | 3000 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 | 100.000 |  |
| Total | Total | Total | Total | $42882 | 42882 |  |  |  |  |  |  |  |  |  |  |  |
| Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 105.1% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.9%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% - 8.066% due 10/21/2026 «~(l) | $863 | $863 |
| **Altice France SA**<br>8.891% - 5.966% (EUR003M + 6.875%) due 05/31/2031 ~ | 1154 | 1360 |
| **BCP V Modular Services Holdings IV Ltd.**<br>6.444% - 7.831% (EUR003M + 4.425%) due 07/10/2031 ~ | 1000 | 1108 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/03/2031 ~µ | $322 | 328 |
| TBD% due 01/05/2032 **«**µ | 322 | 323 |
| TBD% (TSFR1M + 4.500%) due 01/03/2031 ~ | 1456 | 1481 |
| **Dorchester LLC**<br>4.349% - 9.672% (EUR003M + 2.300%) due 01/04/2027 «~(l) | 1400 | 1645 |
| **JetBlue Airways Corp.**<br>8.445% (TSFR3M + 4.750%) due 08/27/2029 ~ | $3950 | 3801 |
| **Live Nation Entertainment, Inc.**<br>5.734% - 9.340% (TSFR1M + 2.000%) due 10/21/2032 ~ | 3100 | 3108 |
| **Newfold Digital Holdings Grp Inc.**<br>9.488% (TSFR3M + 5.750%) due 04/30/2029 ~ | 39 | 37 |
| **Oi SA**<br>TBD% - 19.000% due 12/30/2050 «~ | 1480 | 15 |
| **Panama Government International Bonds**<br>3.837% - 9.716% (EUR006M + 1.750%) due 03/05/2027 «~ | 12000 | 14131 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(l) | $1100 | 1100 |
| **Project Alpha Investindustrial**<br>4.150% - 9.695% (EUR003M + 2.100%) due 02/27/2026 «~(l) | 756 | 888 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | $1600 | 1615 |
| **Stonepeak Nile Parent LLC**<br>6.162% - 8.445% (TSFR3M + 2.250%) due 04/09/2032 ~ | 1300 | 1302 |
| **Westmoreland Coal Co.**<br>8.000% due 03/15/2029 «~ | 924 | 393 |
| Total Loan Participations and Assignments (Cost $34,108) |  | 33498 |
| **CORPORATE BONDS & NOTES 62.4%**  |  |  |
| **BANKING & FINANCE 21.9%**  |  |  |
| **Aircastle Ltd.** <br>5.950% due 02/15/2029 | 1400 | 1459 |
| **Alfa Bank AO Via Alfa Bond Issuance PLC** <br>5.950% due 04/15/2030 ^«(c)(j) | 1200 | 72 |
| **American Assets Trust LP** <br>6.150% due 10/01/2034 | 6900 | 7018 |
| **American Financial Group, Inc.** <br>4.500% due 06/15/2047 | 7700 | 6486 |
| **American Homes 4 Rent LP**  |  |  |
| 3.375% due 07/15/2051  | 2000 | 1355 |
| 3.625% due 04/15/2032  | 3700 | 3499 |
| **American Tower Corp.**  |  |  |
| 2.950% due 01/15/2051  | 8300 | 5307 |
| 3.100% due 06/15/2050  | 10900 | 7170 |
| 3.700% due 10/15/2049  | 10000 | 7442 |
| 4.050% due 03/15/2032  | 7800 | 7595 |
| **Antares Holdings LP**  |  |  |
| 3.750% due 07/15/2027  | 3750 | 3669 |
| 6.350% due 10/23/2029  | 6500 | 6638 |
| 7.950% due 08/11/2028  | 1600 | 1694 |
| **Aon North America, Inc.** <br>5.750% due 03/01/2054 | 1700 | 1693 |
| **Apollo Debt Solutions BDC**  |  |  |
| 6.700% due 07/29/2031  | 2300 | 2428 |
| 6.900% due 04/13/2029  | 1200 | 1260 |
| **Arch Capital Group Ltd.** <br>3.635% due 06/30/2050 | 2465 | 1833 |
| **ARES Finance Co. II LLC** <br>3.250% due 06/15/2030 | 1100 | 1044 |
| **ARES Finance Co. IV LLC** <br>3.650% due 02/01/2052 | 1900 | 1330 |
| **ARES Management Corp.** <br>5.600% due 10/11/2054 | 5700 | 5403 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ARES Strategic Income Fund** <br>6.200% due 03/21/2032 | 1400 | 1437 |
| **Assured Guaranty U.S. Holdings, Inc.** <br>3.600% due 09/15/2051 | 1200 | 848 |
| **Athene Global Funding**  |  |  |
| 5.322% due 11/13/2031  | 1500 | 1522 |
| 5.526% due 07/11/2031  | 3350 | 3436 |
| **Aviation Capital Group LLC** <br>6.750% due 10/25/2028 | 4097 | 4351 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 4.700% due 01/30/2031  | 700 | 696 |
| 4.950% due 10/15/2032  | 6500 | 6442 |
| 5.375% due 05/30/2030  | 1300 | 1336 |
| **AXIS Specialty Finance LLC** <br>3.900% due 07/15/2029 | 3000 | 2971 |
| **Banca Monte dei Paschi di Siena SpA** <br>1.875% due 01/09/2026 | 2120 | 2491 |
| **Banco Bilbao Vizcaya Argentaria SA**  |  |  |
| 7.750% due 01/14/2032 •(i)(j)  | $2300 | 2470 |
| 7.883% due 11/15/2034 •  | 1800 | 2098 |
| 8.375% due 06/21/2028 •(i)(j)  | 2000 | 2583 |
| **Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa** <br>4.375% due 04/11/2027 | $200 | 200 |
| **Banco Santander SA** <br>9.625% due 11/21/2028 •(i)(j) | 1000 | 1109 |
| **Bank of America Corp.**  |  |  |
| 2.572% due 10/20/2032 •  | 6000 | 5413 |
| 2.676% due 06/19/2041 •  | 19400 | 14323 |
| 2.972% due 07/21/2052 •  | 800 | 526 |
| 3.311% due 04/22/2042 •  | 12200 | 9630 |
| 4.083% due 03/20/2051 •  | 300 | 241 |
| 5.468% due 01/23/2035 •  | 6800 | 7086 |
| 5.511% due 01/24/2036 •  | 1700 | 1773 |
| 5.872% due 09/15/2034 •  | 8500 | 9074 |
| **Bank of America NA** <br>6.000% due 10/15/2036 | 1200 | 1303 |
| **Barclays PLC**  |  |  |
| 5.335% due 09/10/2035 •  | 1000 | 1017 |
| 5.851% due 03/21/2035 •  | 5100 | 7073 |
| 6.224% due 05/09/2034 •  | $4400 | 4734 |
| 9.250% due 09/15/2028 •(i)(j)  | 1000 | 1456 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico**  |  |  |
| 5.875% due 09/13/2034 •(j)  | $1000 | 999 |
| 8.450% due 06/29/2038 •(j)  | 1300 | 1439 |
| **BGC Group, Inc.**  |  |  |
| 6.150% due 04/02/2030  | 4200 | 4355 |
| 6.600% due 06/10/2029  | 500 | 522 |
| 8.000% due 05/25/2028  | 2100 | 2245 |
| **Blackstone Holdings Finance Co. LLC**  |  |  |
| 2.800% due 09/30/2050  | 350 | 217 |
| 3.200% due 01/30/2052  | 10000 | 6728 |
| 3.500% due 09/10/2049  | 1900 | 1367 |
| **Blue Owl Finance LLC** <br>4.375% due 02/15/2032 | 3700 | 3524 |
| **BNP Paribas SA** <br>3.132% due 01/20/2033 •  | 3200 | 2920 |
| **BPCE SA**  |  |  |
| 6.293% due 01/14/2036 •  | 1100 | 1175 |
| 7.003% due 10/19/2034 •  | 4800 | 5347 |
| **Broadstone Net Lease LLC** <br>5.000% due 11/01/2032 | 800 | 803 |
| **Brookfield Capital Finance LLC** <br>6.087% due 06/14/2033 | 1200 | 1286 |
| **Brookfield Finance LLC/Brookfield Finance, Inc.** <br>3.450% due 04/15/2050 | 2000 | 1385 |
| **Brookfield Finance, Inc.**  |  |  |
| 3.500% due 03/30/2051  | 8700 | 6055 |
| 3.625% due 02/15/2052  | 1900 | 1345 |
| 5.968% due 03/04/2054  | 7075 | 7159 |
| **Brown & Brown, Inc.** <br>6.250% due 06/23/2055 | 3100 | 3228 |
| **CaixaBank SA** <br>3.625% due 09/14/2028 •(i)(j) | 1400 | 1597 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | $3000 | 3190 |
| **Carlyle Finance LLC** <br>5.650% due 09/15/2048 | 3100 | 3039 |
| **CBRE Services, Inc.** <br>5.950% due 08/15/2034 | 3100 | 3319 |
| **CI Financial Corp.**  |  |  |
| 4.100% due 06/15/2051  | 1200 | 823 |
| 7.500% due 05/30/2029  | 3200 | 3405 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | 2200 | 2247 |
| **Citadel LP** <br>6.375% due 01/23/2032 | 3700 | 3929 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Commonwealth Bank of Australia** <br>3.784% due 03/14/2032 (j) | 1800 | 1717 |
| **Constellation Global Funding** <br>4.850% due 10/22/2030 | 700 | 695 |
| **Cooperatieve Rabobank UA** <br>4.375% due 06/29/2027 •(i)(j) | 1600 | 1892 |
| **COPT Defense Properties LP** <br>4.500% due 10/15/2030 | $700 | 698 |
| **Corebridge Financial, Inc.** <br>6.375% due 09/15/2054 •  | 4000 | 4033 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 800 | 734 |
| **Credit Agricole SA** <br>7.250% due 09/23/2028 •(i)(j) | 6100 | 7684 |
| **Credit Opportunities Partners LLC**  |  |  |
| 6.520% due 03/20/2028 «(l)  | $900 | 911 |
| 6.740% due 03/20/2030 «(l)  | 1000 | 1019 |
| **Credit Suisse AG AT1 Claim** | 9666 | 2852 |
| **Crown Castle, Inc.**  |  |  |
| 2.100% due 04/01/2031  | 5800 | 5122 |
| 5.200% due 09/01/2034  | 6300 | 6367 |
| **Dai-ichi Life Insurance Co. Ltd.** <br>6.200% due 01/16/2035 •(i) | 1600 | 1678 |
| **Deutsche Bank AG** <br>3.729% due 01/14/2032 •  | 2900 | 2742 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 4600 | 4140 |
| **EPR Properties** <br>3.750% due 08/15/2029 | 2450 | 2377 |
| **Equinix, Inc.**  |  |  |
| 3.000% due 07/15/2050  | 3200 | 2051 |
| 3.400% due 02/15/2052  | 2500 | 1718 |
| **Equitable Holdings, Inc.**  |  |  |
| 5.594% due 01/11/2033  | 1000 | 1044 |
| 6.700% due 03/28/2055 •  | 800 | 837 |
| **Erste Group Bank AG** <br>4.250% due 10/15/2027 •(i)(j) | 1200 | 1409 |
| **Essential Properties LP** <br>5.400% due 12/01/2035 | $1000 | 1002 |
| **Essex Portfolio LP** <br>5.500% due 04/01/2034 | 1200 | 1246 |
| **Extra Space Storage LP** <br>4.950% due 01/15/2033 | 400 | 405 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 6.000% due 12/07/2033  | 2700 | 2869 |
| 6.100% due 03/15/2055  | 3500 | 3527 |
| 6.350% due 03/22/2054  | 1000 | 1040 |
| **Farmers Insurance Exchange** <br>4.747% due 11/01/2057 •  | 5000 | 4301 |
| **Fidelity National Financial, Inc.** <br>3.200% due 09/17/2051 | 8100 | 5150 |
| **First American Financial Corp.** <br>5.450% due 09/30/2034 | 1800 | 1801 |
| **FMR LLC** <br>6.450% due 11/15/2039 | 4500 | 4986 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 3.815% due 11/02/2027  | 2262 | 2229 |
| 5.113% due 05/03/2029  | 268 | 268 |
| 5.850% due 05/17/2027  | 3680 | 3738 |
| 6.798% due 11/07/2028  | 970 | 1018 |
| 7.350% due 11/04/2027  | 520 | 543 |
| **Franklin Resources, Inc.** <br>2.950% due 08/12/2051 | 900 | 571 |
| **FS KKR Capital Corp.**  |  |  |
| 3.125% due 10/12/2028  | 2100 | 1939 |
| 6.125% due 01/15/2030  | 1900 | 1871 |
| 7.875% due 01/15/2029  | 1000 | 1036 |
| **FTAI Aviation Investors LLC** <br>7.875% due 12/01/2030 | 1200 | 1281 |
| **GA Global Funding Trust**  |  |  |
| 5.200% due 12/09/2031  | 650 | 660 |
| 5.500% due 01/08/2029  | 3700 | 3805 |
| 5.900% due 01/13/2035  | 1500 | 1539 |
| **GGAM Finance Ltd.** <br>8.000% due 02/15/2027 | 1400 | 1434 |
| **Global Atlantic Fin Co.** <br>6.750% due 03/15/2054 | 6100 | 6237 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 4.000% due 01/15/2030  | 5000 | 4876 |
| 5.625% due 09/15/2034  | 4500 | 4569 |
| 5.750% due 11/01/2037  | 8000 | 7986 |
| 6.250% due 09/15/2054  | 1500 | 1493 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.615% due 04/22/2032 •  | 8700 | 7936 |
| 4.017% due 10/31/2038 •  | 5100 | 4588 |
| 5.016% due 10/23/2035 •  | 7900 | 7945 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.330% due 07/23/2035 •  | 6700 | 6886 |
| **Goodman U.S. Finance Five LLC** <br>4.625% due 05/04/2032 | 2000 | 1976 |
| **Goodman U.S. Finance Four LLC** <br>4.500% due 10/15/2037 | 3600 | 3366 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 3700 | 3665 |
| **HA Sustainable Infrastructure Capital, Inc.**  |  |  |
| 6.375% due 07/01/2034  | 2000 | 2038 |
| 6.750% due 07/15/2035  | 3100 | 3246 |
| **Highwoods Realty LP** <br>3.050% due 02/15/2030 | 2600 | 2424 |
| **HSBC Holdings PLC**  |  |  |
| 5.133% due 11/06/2036 •  | 3800 | 3812 |
| 5.875% due 09/28/2026 •(i)(j)  | 5178 | 7004 |
| **Hudson Pacific Properties LP** <br>5.950% due 02/15/2028 | $800 | 789 |
| **Intesa Sanpaolo SpA**  |  |  |
| 4.950% due 06/01/2042 •  | 1750 | 1494 |
| 7.750% due 01/11/2027 •(i)(j)  | 4610 | 5648 |
| 7.778% due 06/20/2054 •  | $1700 | 2021 |
| 7.800% due 11/28/2053  | 3000 | 3669 |
| **Invitation Homes Operating Partnership LP**  |  |  |
| 2.700% due 01/15/2034  | 3500 | 2993 |
| 4.875% due 02/01/2035  | 600 | 594 |
| 4.950% due 01/15/2033  | 1400 | 1421 |
| **Itau Unibanco Holding SA** <br>6.000% due 02/27/2030 | 6400 | 6644 |
| **JAB Holdings BV**  |  |  |
| 2.200% due 11/23/2030  | 585 | 521 |
| 3.750% due 05/28/2051  | 750 | 515 |
| 4.500% due 04/08/2052  | 2100 | 1642 |
| **Jefferies Financial Group, Inc.** <br>6.500% due 01/20/2043 | 2100 | 2187 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.109% due 04/22/2051 •  | 6300 | 4292 |
| 3.328% due 04/22/2052 •  | 14200 | 10075 |
| 4.810% due 10/22/2036 •  | 1000 | 993 |
| 5.294% due 07/22/2035 •  | 3000 | 3096 |
| 5.350% due 06/01/2034 •  | 7100 | 7379 |
| 5.502% due 01/24/2036 •  | 6500 | 6797 |
| 6.254% due 10/23/2034 •  | 3200 | 3519 |
| 8.750% due 09/01/2030  | 275 | 324 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 101 | 9 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (b) | 192 | 4 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (b) | 321 | 6 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (b) | 387 | 6 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (b) | 583 | 10 |
| **Kaisa Group Holdings Ltd. (6.250% Cash or 7.250% PIK)** <br>6.250% due 12/28/2032 (b) | 545 | 8 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2028 (b) | 131 | 3 |
| **KBC Group NV** <br>8.000% due 09/05/2028 •(i)(j) | 1000 | 1294 |
| **Kilroy Realty LP**  |  |  |
| 2.500% due 11/15/2032  | $3400 | 2841 |
| 2.650% due 11/15/2033  | 1000 | 821 |
| 5.875% due 10/15/2035  | 900 | 905 |
| 6.250% due 01/15/2036  | 1600 | 1655 |
| **KKR Group Finance Co. VIII LLC** <br>3.500% due 08/25/2050 | 4700 | 3321 |
| **KKR Group Finance Co. XII LLC** <br>4.850% due 05/17/2032 | 1526 | 1536 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>5.500% due 08/01/2030 | 600 | 614 |
| **Lazard Group LLC** <br>6.000% due 03/15/2031 | 900 | 954 |
| **Legg Mason, Inc.** <br>5.625% due 01/15/2044 | 1400 | 1404 |
| **Liberty Mutual Group, Inc.** <br>3.951% due 10/15/2050 | 900 | 668 |
| **Lloyds Bank PLC** <br>0.000% due 04/02/2032 þ | 1000 | 751 |
| **Lloyds Banking Group PLC**  |  |  |
| 5.679% due 01/05/2035 •  | 5600 | 5898 |
| 7.875% due 06/27/2029 •(i)(j)  | 200 | 285 |
| 8.500% due 09/27/2027 •(i)(j)  | 1000 | 1414 |
| **Marex Group PLC** <br>5.829% due 05/08/2028 | $300 | 305 |
| **Marsh & McLennan Cos., Inc.**  |  |  |
| 2.900% due 12/15/2051  | 1300 | 828 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.350% due 01/30/2047  | 200 | 170 |
| 5.400% due 03/15/2055  | 5300 | 5106 |
| **Massachusetts Mutual Life Insurance Co.**  |  |  |
| 5.077% due 02/15/2069 •  | 2500 | 2223 |
| 5.672% due 12/01/2052  | 2000 | 1933 |
| **Meiji Yasuda Life Insurance Co.** <br>6.100% due 06/11/2055 •  | 3300 | 3425 |
| **Mercury General Corp.** <br>4.400% due 03/15/2027 | 610 | 610 |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 5.133% due 07/20/2033 •  | 2800 | 2877 |
| 5.188% due 09/12/2036 •  | 1000 | 1016 |
| **Mizuho Financial Group, Inc.** <br>2.201% due 07/10/2031 •  | 3200 | 2916 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(l)  | 11300 | 8289 |
| 2.943% due 01/21/2033 •  | 4800 | 4382 |
| 4.892% due 10/22/2036 •  | 4500 | 4462 |
| 5.320% due 07/19/2035 •  | 5000 | 5149 |
| 5.587% due 01/18/2036 •  | 2100 | 2195 |
| 5.831% due 04/19/2035 •  | 7400 | 7867 |
| **Nasdaq, Inc.** <br>6.100% due 06/28/2063 | 800 | 840 |
| **National Health Investors, Inc.** <br>5.350% due 02/01/2033 | 400 | 400 |
| **Nationwide Building Society** <br>7.875% due 12/20/2031 •(i)(j) | 1000 | 1426 |
| **Nationwide Mutual Insurance Co.** <br>9.375% due 08/15/2039 | $2500 | 3348 |
| **NatWest Group PLC**  |  |  |
| 4.600% due 06/28/2031 •(i)(j)  | 1300 | 1210 |
| 5.125% due 05/12/2027 •(i)(j)  | 2500 | 3352 |
| 7.625% due 09/30/2035 •(i)(j)(n)  | 3300 | 4638 |
| **Neuberger Berman Group LLC/Neuberger Berman Finance Corp.**  |  |  |
| 4.500% due 03/15/2027  | $400 | 401 |
| 4.875% due 04/15/2045  | 2700 | 2358 |
| **New Immo Holding SA** <br>2.750% due 11/26/2026 | 2200 | 2579 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | $3000 | 3221 |
| **Nippon Life Insurance Co.** <br>6.250% due 09/13/2053 •  | 4500 | 4772 |
| **Nomura Holdings, Inc.**  |  |  |
| 5.605% due 07/06/2029  | 6500 | 6766 |
| 7.000% due 07/15/2030 •(i)(j)  | 2000 | 2062 |
| **Nordea Bank Abp** <br>3.750% due 03/01/2029 •(i)(j) | 400 | 381 |
| **Northwestern Mutual Life Insurance Co.** <br>6.170% due 05/29/2055 | 4000 | 4249 |
| **Omega Healthcare Investors, Inc.** <br>4.750% due 01/15/2028 | 1400 | 1412 |
| **OneMain Finance Corp.** <br>7.875% due 03/15/2030 | 2500 | 2645 |
| **Pacific Life Insurance Co.**  |  |  |
| 5.950% due 09/15/2055  | 5500 | 5517 |
| 9.250% due 06/15/2039  | 8800 | 11979 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 2400 | 1853 |
| **Penn Mutual Life Insurance Co.** <br>7.625% due 06/15/2040 | 1000 | 1165 |
| **Phillips Edison Grocery Center Operating Partnership I LP** <br>5.750% due 07/15/2034 | 1600 | 1678 |
| **Piedmont Operating Partnership LP** <br>6.875% due 07/15/2029 | 3190 | 3390 |
| **Pine Street Trust III** <br>6.223% due 05/15/2054 | 5000 | 5075 |
| **Progressive Corp.** <br>4.125% due 04/15/2047 | 500 | 415 |
| **Protective Life Global Funding** <br>5.432% due 01/14/2032 | 3500 | 3647 |
| **Regency Centers LP** <br>4.650% due 03/15/2049 | 500 | 437 |
| **Rexford Industrial Realty LP** <br>2.125% due 12/01/2030 | 1800 | 1612 |
| **RGA Global Funding**  |  |  |
| 5.250% due 01/09/2030  | 1800 | 1862 |
| 5.500% due 01/11/2031  | 2900 | 3018 |
| **Royal Bank of Scotland International Ltd.** <br>4.660% due 12/16/2028 «(l) | 5000 | 4996 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.896% due 03/15/2032 •  | 1700 | 1562 |
| 5.694% due 04/15/2031 •  | 2500 | 2608 |
| **SBA Tower Trust** <br>2.328% due 07/15/2052 | 200 | 192 |
| **SBL Holdings, Inc.** <br>7.200% due 10/30/2034 | 500 | 484 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Selective Insurance Group, Inc.** <br>5.375% due 03/01/2049 | 1700 | 1575 |
| **Sixth Street Lending Partners** <br>5.750% due 01/15/2030 | 1600 | 1622 |
| **Stifel Financial Corp.** <br>4.000% due 05/15/2030 | 1100 | 1078 |
| **Store Capital LLC**  |  |  |
| 2.750% due 11/18/2030  | 1400 | 1277 |
| 5.400% due 04/30/2030  | 800 | 816 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 5.558% due 07/09/2034  | 1700 | 1791 |
| 5.632% due 01/15/2035  | 1000 | 1060 |
| **Teachers Insurance & Annuity Association of America**  |  |  |
| 4.270% due 05/15/2047  | 400 | 329 |
| 6.850% due 12/16/2039  | 371 | 426 |
| **Tesco Property Finance 3 PLC** <br>5.744% due 04/13/2040 | 86 | 116 |
| **Tesco Property Finance 5 PLC** <br>5.661% due 10/13/2041 | 45 | 61 |
| **Tesco Property Finance 6 PLC** <br>5.411% due 07/13/2044 | 680 | 892 |
| **Trust 2401**  |  |  |
| 6.390% due 01/15/2050  | $596 | 575 |
| 6.950% due 01/30/2044  | 4158 | 4348 |
| 7.375% due 02/13/2034  | 712 | 791 |
| **Trust Fibra Uno**  |  |  |
| 6.390% due 01/15/2050  | 304 | 288 |
| 6.950% due 01/30/2044  | 1142 | 1158 |
| 7.375% due 02/13/2034  | 288 | 316 |
| **UBS Group AG**  |  |  |
| 3.179% due 02/11/2043 •  | 1400 | 1063 |
| 4.194% due 04/01/2031 •  | 600 | 594 |
| 4.875% due 02/12/2027 •(i)(j)  | 4800 | 4774 |
| 5.379% due 09/06/2045 •  | 1000 | 982 |
| 5.959% due 01/12/2034 •  | 6200 | 6609 |
| 6.850% due 09/10/2029 •(i)(j)  | 3500 | 3593 |
| 7.000% due 02/05/2035 •(i)(j)  | 2000 | 2050 |
| 7.125% due 08/10/2034 •(i)(j)  | 3000 | 3076 |
| **UDR, Inc.** <br>5.125% due 09/01/2034 | 1500 | 1521 |
| **UniCredit SpA**  |  |  |
| 7.296% due 04/02/2034 •  | 1400 | 1502 |
| 7.500% due 06/03/2026 •(i)(j)  | 2000 | 2397 |
| **Unigel Netherlands Holding Corp. BV (15.000% Cash or 15.000% PIK)** <br>15.000% due 12/31/2044 ^(b)(c) | $1445 | 47 |
| **Unum Group** <br>4.500% due 12/15/2049 | 3100 | 2507 |
| **VICI Properties LP**  |  |  |
| 5.625% due 04/01/2035  | 1000 | 1022 |
| 5.625% due 05/15/2052  | 3000 | 2808 |
| **VICI Properties LP/VICI Note Co., Inc.** <br>3.875% due 02/15/2029 | 2800 | 2749 |
| **Voya Financial, Inc.**  |  |  |
| 4.700% due 01/23/2048 •  | 500 | 475 |
| 5.000% due 09/20/2034  | 600 | 597 |
| 5.700% due 07/15/2043  | 630 | 628 |
| **Wells Fargo & Co.**  |  |  |
| 3.350% due 03/02/2033 •  | 6600 | 6162 |
| 4.611% due 04/25/2053 •  | 11300 | 9731 |
| 4.892% due 09/15/2036 •  | 1500 | 1496 |
| 5.211% due 12/03/2035 •  | 300 | 307 |
| 5.499% due 01/23/2035 •  | 5000 | 5220 |
| 5.557% due 07/25/2034 •  | 19000 | 19930 |
| 6.491% due 10/23/2034 •  | 2200 | 2437 |
| **Welltower OP LLC**  |  |  |
| 5.125% due 03/15/2043  | 800 | 755 |
| 6.500% due 03/15/2041  | 925 | 1034 |
| **Weyerhaeuser Co.**  |  |  |
| 4.000% due 03/09/2052  | 5000 | 3884 |
| 7.375% due 03/15/2032  | 681 | 776 |
| **Willis North America, Inc.** <br>3.875% due 09/15/2049 | 725 | 540 |
|  |  | 777816 |
| **INDUSTRIALS 25.9%**  |  |  |
| **7-Eleven, Inc.** <br>2.800% due 02/10/2051 | 1000 | 610 |
| **AbbVie, Inc.**  |  |  |
| 4.250% due 11/21/2049  | 21000 | 17308 |
| 4.400% due 11/06/2042  | 2970 | 2644 |
| 4.450% due 05/14/2046  | 7000 | 6093 |
| 4.700% due 05/14/2045  | 900 | 814 |
| 4.750% due 03/15/2045  | 3000 | 2735 |
| 4.850% due 06/15/2044  | 3300 | 3058 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Abu Dhabi Crude Oil Pipeline LLC** <br>4.600% due 11/02/2047 | 1400 | 1303 |
| **Adani Electricity Mumbai Ltd.** <br>3.949% due 02/12/2030 | 1570 | 1464 |
| **Adani Transmission Step-One Ltd.** <br>4.250% due 05/21/2036 | 599 | 541 |
| **Adnoc Murban Rsc Ltd.** <br>5.125% due 09/11/2054 | 2000 | 1883 |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | 1219 | 1167 |
| **Aker BP ASA** <br>5.800% due 10/01/2054 | 5000 | 4551 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 1216 | 1224 |
| **Alcon Finance Corp.** <br>3.800% due 09/23/2049 | 2200 | 1689 |
| **Amazon.com, Inc.**  |  |  |
| 2.700% due 06/03/2060  | 6400 | 3626 |
| 4.100% due 04/13/2062  | 1200 | 928 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.200% due 12/15/2029  | 1695 | 1659 |
| 3.375% due 11/01/2028  | 2370 | 2341 |
| 3.575% due 07/15/2029  | 572 | 566 |
| 3.650% due 08/15/2030  | 2392 | 2353 |
| 4.900% due 11/11/2039  | 900 | 896 |
| **Amgen, Inc.**  |  |  |
| 3.375% due 02/21/2050  | 6400 | 4572 |
| 4.563% due 06/15/2048  | 2610 | 2234 |
| 4.663% due 06/15/2051  | 5053 | 4328 |
| 4.875% due 03/01/2053  | 5400 | 4757 |
| 5.650% due 03/02/2053  | 9600 | 9407 |
| 5.750% due 03/02/2063  | 4800 | 4687 |
| **Amrize Finance U.S. LLC** <br>4.750% due 09/22/2046 | 1421 | 1255 |
| **AngloGold Ashanti Holdings PLC** <br>3.750% due 10/01/2030 | 600 | 575 |
| **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.**  |  |  |
| 4.700% due 02/01/2036  | 6100 | 6040 |
| 4.900% due 02/01/2046  | 3148 | 2913 |
| **Anheuser-Busch InBev Worldwide, Inc.**  |  |  |
| 4.439% due 10/06/2048  | 4100 | 3530 |
| 4.950% due 01/15/2042  | 5600 | 5359 |
| **Ashtead Capital, Inc.** <br>5.800% due 04/15/2034 | 1600 | 1679 |
| **Bacardi Ltd.** <br>5.300% due 05/15/2048 | 3600 | 3208 |
| **Baptist Healthcare System Obligated Group** <br>3.540% due 08/15/2050 | 300 | 214 |
| **Bayer U.S. Finance II LLC**  |  |  |
| 4.400% due 07/15/2044  | 6000 | 4859 |
| 4.625% due 06/25/2038  | 2600 | 2382 |
| 4.875% due 06/25/2048  | 3400 | 2896 |
| **Bayer U.S. Finance LLC** <br>6.875% due 11/21/2053 | 2300 | 2492 |
| **Becton Dickinson & Co.** <br>5.110% due 02/08/2034 | 3600 | 3682 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 32525 | 34392 |
| **Berry Global, Inc.** <br>5.650% due 01/15/2034 | 2000 | 2085 |
| **BMW U.S. Capital LLC** <br>4.645% (SOFRINDX + 0.920%) due 03/21/2028 ~ | 5000 | 5025 |
| **Boeing Co.**  |  |  |
| 3.625% due 02/01/2031  | 4200 | 4037 |
| 3.650% due 03/01/2047  | 700 | 512 |
| 3.950% due 08/01/2059  | 4300 | 3056 |
| 5.705% due 05/01/2040  | 4700 | 4802 |
| 5.805% due 05/01/2050  | 11600 | 11427 |
| 5.930% due 05/01/2060  | 12460 | 12234 |
| 7.008% due 05/01/2064  | 1000 | 1141 |
| **Booz Allen Hamilton, Inc.** <br>5.950% due 04/15/2035 | 1500 | 1555 |
| **Bristol-Myers Squibb Co.** <br>4.250% due 10/26/2049 | 630 | 515 |
| **British Airways Pass-Through Trust**  |  |  |
| 3.300% due 06/15/2034  | 2584 | 2445 |
| 4.125% due 03/20/2033  | 1470 | 1426 |
| **Broadcom, Inc.**  |  |  |
| 3.137% due 11/15/2035  | 1728 | 1489 |
| 3.419% due 04/15/2033  | 2949 | 2731 |
| 3.469% due 04/15/2034  | 5300 | 4834 |
| 3.500% due 02/15/2041  | 5300 | 4316 |
| 4.926% due 05/15/2037  | 5843 | 5770 |
| **Cameron LNG LLC** <br>3.701% due 01/15/2039 | 2600 | 2223 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Canadian Pacific Railway Co.**  |  |  |
| 3.500% due 05/01/2050  | 4234 | 3069 |
| 6.125% due 09/15/2115  | 6470 | 6459 |
| **Carnival Corp.**  |  |  |
| 5.125% due 05/01/2029  | 600 | 607 |
| 5.750% due 03/15/2030  | 1200 | 1235 |
| 5.750% due 08/01/2032  | 900 | 925 |
| **CDW LLC/CDW Finance Corp.**  |  |  |
| 3.569% due 12/01/2031  | 1900 | 1771 |
| 5.550% due 08/22/2034  | 1000 | 1020 |
| **Cellnex Finance Co. SA** <br>3.875% due 07/07/2041 | 600 | 477 |
| **Centene Corp.** <br>4.625% due 12/15/2029 | 1900 | 1844 |
| **CF Industries, Inc.**  |  |  |
| 5.150% due 03/15/2034  | 3200 | 3216 |
| 5.375% due 03/15/2044  | 1800 | 1688 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital**  |  |  |
| 3.500% due 06/01/2041  | 2500 | 1780 |
| 3.700% due 04/01/2051  | 11000 | 6951 |
| 3.850% due 04/01/2061  | 9600 | 5729 |
| 3.900% due 06/01/2052  | 3400 | 2197 |
| 3.950% due 06/30/2062  | 1700 | 1024 |
| 4.400% due 12/01/2061  | 2374 | 1554 |
| 4.800% due 03/01/2050  | 4900 | 3684 |
| 5.375% due 05/01/2047  | 5100 | 4204 |
| **Cheniere Corpus Christi Holdings LLC**  |  |  |
| 2.742% due 12/31/2039  | 1300 | 1112 |
| 3.700% due 11/15/2029  | 6500 | 6352 |
| **Cheniere Energy Partners LP**  |  |  |
| 3.250% due 01/31/2032  | 2100 | 1935 |
| 5.750% due 08/15/2034  | 2900 | 3029 |
| **Cheniere Energy, Inc.** <br>5.650% due 04/15/2034 | 2000 | 2076 |
| **Choice Hotels International, Inc.** <br>5.850% due 08/01/2034 | 800 | 816 |
| **Chord Energy Corp.** <br>6.750% due 03/15/2033 | 300 | 310 |
| **Cigna Group**  |  |  |
| 5.250% due 01/15/2036  | 2200 | 2241 |
| 5.600% due 02/15/2054  | 1500 | 1456 |
| **Cleveland Clinic Foundation** <br>4.858% due 01/01/2114 | 45 | 38 |
| **Comcast Corp.**  |  |  |
| 2.937% due 11/01/2056  | 12149 | 6834 |
| 5.500% due 05/15/2064  | 3800 | 3405 |
| 6.050% due 05/15/2055 (n)  | 900 | 890 |
| **CommonSpirit Health**  |  |  |
| 4.975% due 09/01/2035  | 2500 | 2472 |
| 5.580% due 09/01/2045  | 800 | 783 |
| 5.662% due 09/01/2055  | 800 | 774 |
| **Constellation Brands, Inc.**  |  |  |
| 4.500% due 05/09/2047  | 1200 | 1004 |
| 5.250% due 11/15/2048  | 3500 | 3241 |
| **Constellation Pharmaceutical, Inc.** <br>5.550% due 07/01/2033 «(l) | 1248 | 1297 |
| **CSL Finance PLC** <br>4.625% due 04/27/2042 | 900 | 816 |
| **CVS Health Corp.**  |  |  |
| 5.125% due 07/20/2045  | 7400 | 6699 |
| 5.300% due 12/05/2043  | 6700 | 6264 |
| 5.625% due 02/21/2053  | 3500 | 3289 |
| 6.000% due 06/01/2044  | 5600 | 5633 |
| **CVS Pass-Through Trust**  |  |  |
| 7.507% due 01/10/2032  | 8114 | 8614 |
| 8.353% due 07/10/2031  | 173 | 189 |
| **Delta Air Lines, Inc./SkyMiles IP Ltd.** <br>4.750% due 10/20/2028 | 2600 | 2616 |
| **Devon Energy Corp.** <br>5.750% due 09/15/2054 | 4400 | 4046 |
| **Diamondback Energy, Inc.**  |  |  |
| 5.550% due 04/01/2035  | 1400 | 1440 |
| 5.750% due 04/18/2054  | 4100 | 3879 |
| **DT Midstream, Inc.** <br>4.300% due 04/15/2032 | 2900 | 2805 |
| **Ecopetrol SA** <br>7.375% due 09/18/2043 (n) | 3750 | 3441 |
| **Elevance Health, Inc.**  |  |  |
| 4.550% due 03/01/2048  | 1400 | 1195 |
| 4.650% due 01/15/2043  | 1435 | 1290 |
| 5.100% due 01/15/2044  | 500 | 473 |
| 5.125% due 02/15/2053  | 8100 | 7341 |
| 5.650% due 06/15/2054  | 2500 | 2443 |
| 5.850% due 11/01/2064  | 2000 | 1965 |
| **Eli Lilly & Co.**  |  |  |
| 4.950% due 02/27/2063  | 3100 | 2798 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.100% due 02/09/2064  | 2000 | 1843 |
| 5.200% due 08/14/2064  | 2600 | 2458 |
| **Enbridge, Inc.** <br>6.700% due 11/15/2053 | 4400 | 4834 |
| **Energy Transfer LP**  |  |  |
| 5.000% due 05/15/2044  | 4857 | 4229 |
| 5.150% due 03/15/2045  | 11100 | 9822 |
| 5.350% due 05/15/2045  | 2465 | 2231 |
| **Eni SpA** <br>5.950% due 05/15/2054 | 2747 | 2727 |
| **Entergy Louisiana LLC**  |  |  |
| 4.200% due 09/01/2048  | 5000 | 4045 |
| 4.200% due 04/01/2050  | 4200 | 3373 |
| **Enterprise Products Operating LLC**  |  |  |
| 4.450% due 02/15/2043  | 5697 | 5016 |
| 4.850% due 03/15/2044  | 3579 | 3270 |
| 4.950% due 10/15/2054  | 830 | 739 |
| 5.200% due 01/15/2036  | 6600 | 6723 |
| 5.550% due 02/16/2055  | 6700 | 6498 |
| 7.099% (TSFR3M + 3.248%) due 08/16/2077 ~  | 1450 | 1450 |
| **EQT Corp.** <br>5.750% due 02/01/2034 | 1600 | 1672 |
| **Essent Group Ltd.** <br>6.250% due 07/01/2029 | 1000 | 1044 |
| **Ferguson Enterprises, Inc.** <br>5.000% due 10/03/2034 | 1800 | 1817 |
| **Ferguson Finance PLC** <br>3.250% due 06/02/2030 | 700 | 669 |
| **Fiserv, Inc.** <br>4.400% due 07/01/2049 | 1355 | 1065 |
| **Flex Intermediate Holdco LLC** <br>3.363% due 06/30/2031 | 7300 | 6728 |
| **Gartner, Inc.** <br>5.600% due 11/20/2035 | 2000 | 1996 |
| **GATX Corp.** <br>4.500% due 03/30/2045 | 1038 | 872 |
| **Global Payments, Inc.**  |  |  |
| 4.150% due 08/15/2049  | 3700 | 2764 |
| 5.550% due 11/15/2035  | 2400 | 2386 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 6.103% due 08/23/2042  | 3200 | 3339 |
| 6.510% due 02/23/2042  | 1900 | 2077 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 3500 | 3546 |
| **HCA, Inc.**  |  |  |
| 3.500% due 07/15/2051  | 4900 | 3334 |
| 4.375% due 03/15/2042  | 2040 | 1748 |
| 4.625% due 03/15/2052  | 3100 | 2533 |
| 5.125% due 06/15/2039  | 2400 | 2320 |
| 5.250% due 06/15/2049  | 2600 | 2352 |
| 5.900% due 06/01/2053  | 800 | 784 |
| 5.950% due 09/15/2054  | 1400 | 1386 |
| **Hoag Memorial Hospital Presbyterian** <br>3.803% due 07/15/2052 | 1100 | 838 |
| **Hyatt Hotels Corp.** <br>5.375% due 12/15/2031 | 800 | 824 |
| **Hyundai Capital America** <br>5.400% due 06/23/2032 | 4700 | 4874 |
| **Imperial Brands Finance PLC** <br>6.125% due 07/27/2027 | 1500 | 1545 |
| **Integris Baptist Medical Center, Inc.** <br>3.875% due 08/15/2050 | 1700 | 1236 |
| **Intel Corp.**  |  |  |
| 3.200% due 08/12/2061  | 3000 | 1714 |
| 5.700% due 02/10/2053  | 7000 | 6524 |
| **IRB Infrastructure Developers Ltd.** <br>7.110% due 03/11/2032 | 1600 | 1653 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 (n) | 1600 | 1613 |
| **JetBlue Pass-Through Trust** <br>2.750% due 11/15/2033 | 1007 | 906 |
| **Johnson Controls, Inc.** <br>4.950% due 07/02/2064 | 20 | 16 |
| **Kinder Morgan, Inc.**  |  |  |
| 5.550% due 06/01/2045  | 4000 | 3875 |
| 6.950% due 06/01/2028  | 3795 | 4035 |
| 7.420% due 02/15/2037  | 2980 | 3462 |
| 8.050% due 10/15/2030  | 3825 | 4422 |
| **Kraft Heinz Foods Co.** <br>4.875% due 10/01/2049 | 1200 | 1033 |
| **L3Harris Technologies, Inc.** <br>5.500% due 08/15/2054 | 1800 | 1766 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 6800 | 6772 |
| 3.900% due 08/08/2029  | 5800 | 5667 |
| 6.200% due 08/15/2034  | 4500 | 4743 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Lockheed Martin Corp.** <br>4.300% due 06/15/2062 | 5000 | 3949 |
| **Marathon Petroleum Corp.** <br>6.500% due 03/01/2041 | 1800 | 1918 |
| **Marriott International, Inc.** <br>5.250% due 10/15/2035 | 400 | 406 |
| **Mars, Inc.**  |  |  |
| 5.700% due 05/01/2055  | 1900 | 1894 |
| 5.800% due 05/01/2065  | 2100 | 2111 |
| **Marvell Technology, Inc.** <br>2.950% due 04/15/2031 | 4000 | 3707 |
| **Meta Platforms, Inc.**  |  |  |
| 5.400% due 08/15/2054  | 9100 | 8473 |
| 5.550% due 08/15/2064  | 1000 | 928 |
| **Micron Technology, Inc.** <br>3.477% due 11/01/2051 | 7300 | 5146 |
| **Moody's Corp.** <br>3.100% due 11/29/2061 | 4000 | 2485 |
| **MPLX LP**  |  |  |
| 4.900% due 04/15/2058  | 1900 | 1564 |
| 4.950% due 03/14/2052  | 700 | 589 |
| 5.200% due 03/01/2047  | 900 | 805 |
| 5.950% due 04/01/2055  | 6600 | 6372 |
| **MSCI, Inc.** <br>3.625% due 11/01/2031 | 1800 | 1691 |
| **National Football League**  |  |  |
| 5.250% due 10/05/2034 «(l)  | 4900 | 4997 |
| 5.420% due 10/05/2037 «(l)  | 1800 | 1820 |
| **NetApp, Inc.** <br>5.700% due 03/17/2035 | 1600 | 1679 |
| **New York & Presbyterian Hospital** <br>4.063% due 08/01/2056 | 45 | 35 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 04/30/2029 | 776 | 717 |
| **Northern Natural Gas Co.** <br>4.300% due 01/15/2049 | 5000 | 4026 |
| **Northwell Healthcare, Inc.**  |  |  |
| 3.809% due 11/01/2049  | 2500 | 1842 |
| 4.260% due 11/01/2047  | 30 | 25 |
| **NTT Finance Corp.** <br>5.171% due 07/16/2032 | 2000 | 2053 |
| **Occidental Petroleum Corp.** <br>4.400% due 04/15/2046 | 3900 | 3101 |
| **ONEOK Partners LP** <br>6.125% due 02/01/2041 | 1475 | 1514 |
| **Oracle Corp.**  |  |  |
| 3.650% due 03/25/2041  | 5700 | 4162 |
| 3.850% due 04/01/2060  | 6615 | 4046 |
| 3.950% due 03/25/2051  | 15900 | 10472 |
| 4.100% due 03/25/2061  | 6400 | 4128 |
| 5.500% due 09/27/2064  | 6000 | 4794 |
| 5.875% due 09/26/2045  | 6100 | 5512 |
| 5.950% due 09/26/2055 (n)  | 600 | 532 |
| 6.100% due 09/26/2065  | 4100 | 3619 |
| **Petroleos Mexicanos**  |  |  |
| 6.700% due 02/16/2032  | 900 | 898 |
| 6.840% due 01/23/2030  | 4000 | 4065 |
| **Philip Morris International, Inc.**  |  |  |
| 3.875% due 08/21/2042  | 2600 | 2151 |
| 4.625% due 10/29/2035  | 2000 | 1958 |
| **Quanta Services, Inc.** <br>3.050% due 10/01/2041 | 4000 | 2976 |
| **Rogers Communications, Inc.**  |  |  |
| 3.800% due 03/15/2032  | 5400 | 5090 |
| 4.550% due 03/15/2052  | 1800 | 1434 |
| **Rolls-Royce PLC** <br>5.750% due 10/15/2027 | 100 | 138 |
| **Royal Caribbean Cruises Ltd.**  |  |  |
| 5.375% due 01/15/2036  | $200 | 201 |
| 5.500% due 04/01/2028  | 2000 | 2037 |
| 5.625% due 09/30/2031  | 1200 | 1227 |
| 6.000% due 02/01/2033  | 1100 | 1131 |
| **Royalty Pharma PLC** <br>3.550% due 09/02/2050 | 4300 | 2972 |
| **RTX Corp.**  |  |  |
| 4.050% due 05/04/2047  | 2705 | 2193 |
| 4.350% due 04/15/2047  | 700 | 594 |
| 4.450% due 11/16/2038  | 800 | 753 |
| 6.100% due 03/15/2034  | 1800 | 1970 |
| 6.400% due 03/15/2054  | 1600 | 1762 |
| **Sabine Pass Liquefaction LLC** <br>4.500% due 05/15/2030 | 3600 | 3616 |
| **Santos Finance Ltd.**  |  |  |
| 3.649% due 04/29/2031  | 4500 | 4220 |
| 5.750% due 11/13/2035  | 1200 | 1194 |
| 6.875% due 09/19/2033  | 2500 | 2740 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Saudi Arabian Oil Co.**  |  |  |
| 3.500% due 11/24/2070  | 5000 | 3167 |
| 5.875% due 07/17/2064  | 1200 | 1167 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 400 | 416 |
| **Snam SpA** <br>6.500% due 05/28/2055 | 3000 | 3227 |
| **South Bow USA Infrastructure Holdings LLC** <br>6.176% due 10/01/2054 | 2000 | 1923 |
| **Southern Co.**  |  |  |
| 3.750% due 09/15/2051 •  | 5000 | 4948 |
| 4.250% due 07/01/2036  | 1000 | 938 |
| **Southern Natural Gas Co. LLC** <br>7.350% due 02/15/2031 | 1400 | 1550 |
| **Spectra Energy Partners LP** <br>4.500% due 03/15/2045 | 1675 | 1417 |
| **Spirit AeroSystems, Inc.** <br>4.600% due 06/15/2028 | 8800 | 8817 |
| **Spirit Airlines Pass-Through Trust** <br>4.100% due 10/01/2029 | 747 | 717 |
| **Stryker Corp.**  |  |  |
| 4.625% due 03/15/2046  | 2200 | 1966 |
| 5.200% due 02/10/2035  | 2800 | 2876 |
| **Sutter Health** <br>3.161% due 08/15/2040 | 350 | 277 |
| **Synopsys, Inc.** <br>5.700% due 04/01/2055 | 6800 | 6753 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.700% due 03/15/2032  | 1100 | 989 |
| 3.300% due 02/15/2051  | 4700 | 3145 |
| 3.400% due 10/15/2052  | 10900 | 7335 |
| 3.500% due 04/15/2031  | 200 | 191 |
| 3.600% due 11/15/2060  | 11300 | 7513 |
| 3.875% due 04/15/2030  | 2495 | 2454 |
| 5.650% due 01/15/2053  | 4200 | 4066 |
| **Tapestry, Inc.** <br>5.500% due 03/11/2035 | 2000 | 2046 |
| **Targa Resources Corp.**  |  |  |
| 4.950% due 04/15/2052  | 500 | 428 |
| 5.500% due 02/15/2035  | 1500 | 1537 |
| **TD SYNNEX Corp.** <br>2.650% due 08/09/2031 | 1500 | 1351 |
| **Telefonica Emisiones SA** <br>4.895% due 03/06/2048 | 3500 | 2951 |
| **Tennessee Gas Pipeline Co. LLC**  |  |  |
| 2.900% due 03/01/2030  | 2100 | 1982 |
| 8.375% due 06/15/2032  | 1275 | 1506 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 351 | 545 |
| **Time Warner Cable LLC**  |  |  |
| 4.500% due 09/15/2042  | $820 | 633 |
| 5.250% due 07/15/2042  | 800 | 908 |
| 5.500% due 09/01/2041  | $6225 | 5474 |
| 5.875% due 11/15/2040  | 4520 | 4186 |
| 6.750% due 06/15/2039  | 3500 | 3544 |
| 7.300% due 07/01/2038  | 5000 | 5360 |
| **TopBuild Corp.** <br>4.125% due 02/15/2032 | 1600 | 1521 |
| **TotalEnergies Capital SA** <br>5.638% due 04/05/2064 | 1500 | 1450 |
| **Transcontinental Gas Pipe Line Co. LLC**  |  |  |
| 4.600% due 03/15/2048  | 4440 | 3876 |
| 5.400% due 08/15/2041  | 1400 | 1385 |
| **Trustees of the University of Pennsylvania** <br>4.674% due 09/01/2112 | 700 | 576 |
| **Unigel Luxembourg SA (11.000% Cash or 12.000% PIK)** <br>11.000% due 12/31/2028 ^(b)(c) | 1778 | 124 |
| **Unigel Luxembourg SA (13.500% Cash or 15.000% PIK)** <br>13.500% due 12/31/2027 ^(b)(c) | 817 | 168 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 4973 | 4576 |
| 3.100% due 01/07/2030  | 347 | 338 |
| 3.450% due 01/07/2030  | 2832 | 2763 |
| 4.000% due 10/11/2027  | 343 | 343 |
| 4.150% due 02/25/2033  | 1586 | 1561 |
| 4.550% due 02/25/2033  | 2800 | 2729 |
| 5.450% due 08/15/2038  | 966 | 996 |
| 5.875% due 04/15/2029  | 1224 | 1256 |
| **UnitedHealth Group, Inc.**  |  |  |
| 3.875% due 08/15/2059  | 7100 | 5104 |
| 5.050% due 04/15/2053  | 15400 | 13900 |
| 5.200% due 04/15/2063  | 8800 | 7886 |
| 6.050% due 02/15/2063  | 300 | 308 |
| **University of Southern California** <br>5.250% due 10/01/2111 | 40 | 37 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **UPMC** <br>5.035% due 05/15/2033 | 1100 | 1124 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 3500 | 3575 |
| **Var Energi ASA** <br>8.000% due 11/15/2032 | 1200 | 1375 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 2570 | 2411 |
| 3.875% due 11/01/2033  | 5500 | 4719 |
| 4.125% due 08/15/2031  | 1200 | 1093 |
| 6.250% due 01/15/2030  | 2500 | 2533 |
| **Venture Global LNG, Inc.** <br>7.000% due 01/15/2030 | 4900 | 4719 |
| **Venture Global Plaquemines LNG LLC** <br>7.750% due 05/01/2035 | 600 | 657 |
| **Viking Cruises Ltd.** <br>5.875% due 10/15/2033 | 600 | 610 |
| **Viper Energy Partners LLC** <br>5.700% due 08/01/2035 | 1400 | 1430 |
| **Virgin Media Secured Finance PLC** <br>4.250% due 01/15/2030 | 2100 | 2608 |
| **Vmed O2 U.K. Financing I PLC** <br>5.625% due 04/15/2032 | 5800 | 6876 |
| **VMware LLC**  |  |  |
| 2.200% due 08/15/2031  | $5900 | 5245 |
| 4.700% due 05/15/2030  | 2100 | 2134 |
| **Volkswagen Group of America Finance LLC** <br>5.050% due 03/27/2028 | 3000 | 3047 |
| **Warnermedia Holdings, Inc.** <br>5.141% due 03/15/2052 | 741 | 490 |
| **Waste Connections, Inc.** <br>4.200% due 01/15/2033 | 2200 | 2159 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 600 | 615 |
| **West Virginia United Health System Obligated Group** <br>3.129% due 06/01/2050 | 800 | 505 |
| **Western Midstream Operating LP** <br>5.300% due 03/01/2048 | 2900 | 2503 |
| **Williams Cos., Inc.**  |  |  |
| 3.500% due 10/15/2051  | 3500 | 2444 |
| 5.800% due 11/15/2054  | 2400 | 2374 |
| **Woodside Finance Ltd.**  |  |  |
| 3.700% due 09/15/2026  | 1300 | 1296 |
| 5.700% due 09/12/2054  | 6000 | 5651 |
| 6.000% due 05/19/2035  | 1000 | 1042 |
| **Workday, Inc.** <br>3.800% due 04/01/2032 | 4500 | 4307 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** <br>6.250% due 03/15/2033 | 1500 | 1535 |
| **Yellowstone Energy LP** <br>5.750% due 12/31/2026 | 365 | 361 |
| **Zimmer Biomet Holdings, Inc.**  |  |  |
| 4.250% due 08/15/2035  | 205 | 191 |
| 4.450% due 08/15/2045  | 2397 | 2099 |
|  |  | 921840 |
| **UTILITIES 14.6%**  |  |  |
| **AEP Texas, Inc.** <br>4.150% due 05/01/2049 | 1600 | 1237 |
| **AES Corp.**  |  |  |
| 6.950% due 07/15/2055 •  | 700 | 694 |
| 7.600% due 01/15/2055 •  | 3475 | 3541 |
| **Alabama Power Co.** <br>3.450% due 10/01/2049 | 2100 | 1496 |
| **Ameren Illinois Co.** <br>3.250% due 03/15/2050 | 1000 | 690 |
| **Anglian Water Services Financing PLC** <br>6.000% due 06/20/2039 | 400 | 528 |
| **Appalachian Power Co.** <br>4.500% due 08/01/2032 | $2600 | 2579 |
| **Arizona Public Service Co.**  |  |  |
| 3.350% due 05/15/2050  | 1500 | 1035 |
| 3.500% due 12/01/2049  | 1400 | 983 |
| 4.500% due 04/01/2042  | 700 | 618 |
| **AT&T, Inc.**  |  |  |
| 3.550% due 09/15/2055  | 8889 | 5923 |
| 3.650% due 06/01/2051  | 1200 | 844 |
| 3.650% due 09/15/2059  | 32908 | 21719 |
| 3.800% due 12/01/2057  | 24217 | 16670 |
| 4.300% due 12/15/2042  | 2700 | 2286 |
| 5.700% due 11/01/2054  | 4100 | 3935 |
| **Basin Electric Power Cooperative** <br>5.850% due 10/15/2055 | 1500 | 1471 |
| **Berkshire Hathaway Energy Co.** <br>4.600% due 05/01/2053 | 1000 | 843 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Black Hills Corp.** <br>6.000% due 01/15/2035 | 2050 | 2189 |
| **Brooklyn Union Gas Co.** <br>4.487% due 03/04/2049 | 1200 | 975 |
| **CenterPoint Energy Houston Electric LLC** <br>3.350% due 04/01/2051 | 2500 | 1766 |
| **Columbia Pipelines Operating Co. LLC**  |  |  |
| 6.497% due 08/15/2043  | 1500 | 1592 |
| 6.544% due 11/15/2053  | 2000 | 2140 |
| 6.714% due 08/15/2063  | 1200 | 1301 |
| **Comision Federal de Electricidad** <br>5.750% due 02/14/2042 | 55 | 52 |
| **Commonwealth Edison Co.** <br>4.000% due 03/01/2048 | 700 | 558 |
| **Consolidated Edison Co. of New York, Inc.**  |  |  |
| 3.600% due 06/15/2061  | 9880 | 6761 |
| 3.700% due 11/15/2059  | 1700 | 1193 |
| 4.500% due 05/15/2058  | 5800 | 4763 |
| 4.650% due 12/01/2048  | 3000 | 2607 |
| **Constellation Energy Generation LLC**  |  |  |
| 5.600% due 06/15/2042  | 2195 | 2205 |
| 5.750% due 03/15/2054  | 2000 | 1986 |
| 5.800% due 03/01/2033  | 3800 | 4058 |
| **Consumers Energy Co.**  |  |  |
| 4.050% due 05/15/2048  | 2500 | 2021 |
| 4.200% due 09/01/2052  | 3100 | 2492 |
| **DTE Electric Co.**  |  |  |
| 4.050% due 05/15/2048  | 1600 | 1304 |
| 5.400% due 04/01/2053  | 3000 | 2927 |
| **Duke Energy Carolinas LLC**  |  |  |
| 3.950% due 03/15/2048  | 6000 | 4771 |
| 5.350% due 01/15/2053  | 6800 | 6550 |
| 5.400% due 01/15/2054  | 9200 | 8955 |
| **Duke Energy Corp.**  |  |  |
| 3.300% due 06/15/2041  | 1900 | 1469 |
| 3.500% due 06/15/2051  | 11400 | 7907 |
| 3.950% due 08/15/2047  | 2300 | 1774 |
| **Duke Energy Ohio, Inc.** <br>5.650% due 04/01/2053 | 1300 | 1291 |
| **Duke Energy Progress LLC**  |  |  |
| 2.900% due 08/15/2051  | 1100 | 695 |
| 3.600% due 09/15/2047  | 900 | 672 |
| **Duquesne Light Holdings, Inc.** <br>2.532% due 10/01/2030 | 700 | 636 |
| **Electricite de France SA**  |  |  |
| 4.875% due 09/21/2038  | 2300 | 2148 |
| 4.950% due 10/13/2045  | 2150 | 1904 |
| 6.000% due 04/22/2064  | 8100 | 7982 |
| 6.900% due 05/23/2053  | 1400 | 1544 |
| **Emera U.S. Finance LP** <br>4.750% due 06/15/2046 | 2100 | 1794 |
| **Empresa Electrica Cochrane SpA** <br>5.500% due 05/14/2027 | 928 | 922 |
| **Enel Finance America LLC** <br>2.875% due 07/12/2041 | 9750 | 7051 |
| **Enel Finance International NV**  |  |  |
| 4.750% due 05/25/2047  | 1500 | 1300 |
| 5.500% due 06/26/2034  | 2900 | 3009 |
| **Entergy Corp.**  |  |  |
| 3.750% due 06/15/2050  | 4000 | 2910 |
| 7.125% due 12/01/2054 •  | 1000 | 1051 |
| **Entergy Texas, Inc.** <br>5.550% due 09/15/2054 | 2000 | 1944 |
| **Evergy, Inc.** <br>6.650% due 06/01/2055 •  | 1000 | 1027 |
| **Eversource Energy** <br>4.450% due 12/15/2030 | 1100 | 1094 |
| **FirstEnergy Corp.** <br>4.850% due 07/15/2047 | 2200 | 1939 |
| **FirstEnergy Transmission LLC** <br>5.450% due 07/15/2044 | 6330 | 6121 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 659 | 650 |
| **Georgia Power Co.** <br>4.750% due 09/01/2040 | 1000 | 951 |
| **Indiana Michigan Power Co.** <br>4.550% due 03/15/2046 | 400 | 347 |
| **Interstate Power & Light Co.** <br>5.450% due 09/30/2054 | 2600 | 2473 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 1600 | 1566 |
| **ITC Holdings Corp.** <br>5.400% due 06/01/2033 | 2300 | 2376 |
| **Kentucky Utilities Co.** <br>4.375% due 10/01/2045 | 2300 | 1948 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **KeySpan Gas East Corp.** <br>3.586% due 01/18/2052 | 3000 | 2010 |
| **Liberty Utilities Co.** <br>5.869% due 01/31/2034 | 2000 | 2105 |
| **MidAmerican Energy Co.**  |  |  |
| 3.650% due 08/01/2048  | 3575 | 2681 |
| 4.250% due 05/01/2046  | 3450 | 2892 |
| 4.250% due 07/15/2049  | 14325 | 11770 |
| 5.500% due 11/15/2056  | 4000 | 3932 |
| 5.850% due 09/15/2054  | 2100 | 2170 |
| **Mississippi Power Co.** <br>4.250% due 03/15/2042 | 1700 | 1462 |
| **Monongahela Power Co.** <br>5.400% due 12/15/2043 | 4224 | 4130 |
| **Nevada Power Co.** <br>3.125% due 08/01/2050 | 5300 | 3472 |
| **New England Power Co.** <br>3.800% due 12/05/2047 | 3300 | 2534 |
| **New York State Electric & Gas Corp.** <br>3.300% due 09/15/2049 | 900 | 612 |
| **Niagara Mohawk Power Corp.**  |  |  |
| 2.759% due 01/10/2032  | 2500 | 2244 |
| 5.783% due 09/16/2052  | 1050 | 1044 |
| **NiSource, Inc.**  |  |  |
| 3.950% due 03/30/2048  | 1245 | 975 |
| 4.375% due 05/15/2047  | 1800 | 1498 |
| 5.800% due 02/01/2042  | 300 | 303 |
| **Northern States Power Co.** <br>5.100% due 05/15/2053 | 11600 | 10811 |
| **NSTAR Electric Co.** <br>4.950% due 09/15/2052 | 1300 | 1174 |
| **Oglethorpe Power Corp.**  |  |  |
| 4.500% due 04/01/2047  | 1000 | 840 |
| 6.200% due 12/01/2053  | 2700 | 2782 |
| **Ohio Power Co.** <br>2.900% due 10/01/2051 | 2700 | 1670 |
| **ONEOK, Inc.**  |  |  |
| 5.050% due 04/01/2045  | 2200 | 1932 |
| 5.200% due 07/15/2048  | 6562 | 5920 |
| 5.850% due 11/01/2064  | 17000 | 15969 |
| 6.250% due 10/15/2055  | 1900 | 1905 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 2400 | 2163 |
| 3.250% due 06/01/2031  | 1500 | 1398 |
| 3.300% due 08/01/2040  | 2700 | 2051 |
| 3.500% due 08/01/2050  | 7850 | 5304 |
| 3.750% due 07/01/2028  | 2400 | 2371 |
| 3.950% due 12/01/2047  | 4800 | 3587 |
| 4.300% due 03/15/2045  | 1600 | 1275 |
| 4.500% due 07/01/2040  | 4200 | 3663 |
| 4.500% due 12/15/2041  | 2900 | 2420 |
| 4.550% due 07/01/2030  | 5700 | 5678 |
| 4.750% due 02/15/2044  | 1200 | 1018 |
| 4.950% due 07/01/2050  | 4200 | 3555 |
| 5.250% due 03/01/2052  | 2700 | 2357 |
| 6.000% due 08/15/2035  | 1500 | 1578 |
| 6.100% due 10/15/2055  | 1300 | 1277 |
| 6.700% due 04/01/2053  | 5500 | 5812 |
| **PacifiCorp**  |  |  |
| 2.900% due 06/15/2052  | 3300 | 1935 |
| 4.150% due 02/15/2050  | 200 | 149 |
| 5.350% due 12/01/2053  | 3500 | 3077 |
| 5.450% due 02/15/2034  | 2800 | 2842 |
| 5.800% due 01/15/2055  | 3300 | 3082 |
| 7.375% due 09/15/2055 •  | 2600 | 2652 |
| **PECO Energy Co.** <br>4.375% due 08/15/2052 | 5700 | 4722 |
| **Perusahaan Perseroan Persero PT Perusahaan Listrik Negara** <br>4.000% due 06/30/2050 | 4000 | 2971 |
| **Petrobras Global Finance BV** <br>6.250% due 01/10/2036 | 8700 | 8547 |
| **PG&E Corp.** <br>7.375% due 03/15/2055 •  | 2500 | 2605 |
| **Piedmont Natural Gas Co., Inc.**  |  |  |
| 3.350% due 06/01/2050  | 2900 | 2001 |
| 3.640% due 11/01/2046  | 1000 | 749 |
| 5.400% due 06/15/2033  | 700 | 729 |
| **Plains All American Pipeline LP/PAA Finance Corp.** <br>4.700% due 06/15/2044 | 2400 | 2044 |
| **Public Service Co. of Colorado** <br>5.850% due 05/15/2055 | 2400 | 2434 |
| **Puget Energy, Inc.** <br>4.100% due 06/15/2030 | 500 | 490 |
| **RWE Finance U.S. LLC** <br>5.125% due 09/18/2035 | 2600 | 2586 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **San Diego Gas & Electric Co.**  |  |  |
| 3.700% due 03/15/2052  | 2200 | 1598 |
| 3.750% due 06/01/2047  | 1895 | 1452 |
| 4.100% due 06/15/2049  | 1578 | 1255 |
| 4.150% due 05/15/2048  | 2795 | 2259 |
| 4.500% due 08/15/2040  | 4050 | 3699 |
| **Sempra**  |  |  |
| 3.800% due 02/01/2038  | 1800 | 1548 |
| 4.000% due 02/01/2048  | 925 | 707 |
| 6.000% due 10/15/2039  | 3635 | 3796 |
| 6.375% due 04/01/2056 •  | 2600 | 2658 |
| **Southern California Edison Co.**  |  |  |
| 2.950% due 02/01/2051  | 900 | 550 |
| 3.600% due 02/01/2045  | 1400 | 1012 |
| 3.900% due 12/01/2041  | 3800 | 2991 |
| 3.900% due 03/15/2043  | 8500 | 6565 |
| 4.000% due 04/01/2047  | 8938 | 6712 |
| 4.050% due 03/15/2042  | 2000 | 1598 |
| 4.125% due 03/01/2048  | 1800 | 1372 |
| 4.650% due 10/01/2043  | 2950 | 2515 |
| 4.875% due 03/01/2049  | 1100 | 925 |
| 5.450% due 06/01/2052  | 3100 | 2798 |
| 5.625% due 02/01/2036  | 2879 | 2914 |
| 5.900% due 03/01/2055  | 2200 | 2127 |
| 5.950% due 02/01/2038  | 1500 | 1536 |
| 6.050% due 03/15/2039  | 4500 | 4612 |
| 6.200% due 09/15/2055  | 2600 | 2621 |
| **Southern California Gas Co.**  |  |  |
| 3.750% due 09/15/2042  | 1600 | 1284 |
| 3.950% due 02/15/2050  | 3500 | 2698 |
| 5.125% due 11/15/2040  | 300 | 296 |
| **Southern Power Co.** <br>5.250% due 07/15/2043 | 500 | 479 |
| **Southwestern Electric Power Co.**  |  |  |
| 3.250% due 11/01/2051  | 6760 | 4471 |
| 6.200% due 03/15/2040  | 8200 | 8739 |
| **Southwestern Public Service Co.**  |  |  |
| 3.750% due 06/15/2049  | 1600 | 1186 |
| 6.000% due 06/01/2054  | 5850 | 6003 |
| **SW Finance I PLC** <br>7.000% due 04/16/2040 | 2300 | 3119 |
| **System Energy Resources, Inc.** <br>5.300% due 12/15/2034 | $1200 | 1214 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** <br>4.000% due 01/15/2032 | 4575 | 4367 |
| **Union Electric Co.**  |  |  |
| 5.125% due 03/15/2055  | 1800 | 1653 |
| 5.250% due 01/15/2054  | 5000 | 4691 |
| 5.450% due 03/15/2053  | 2800 | 2701 |
| **Verizon Communications, Inc.**  |  |  |
| 2.850% due 09/03/2041  | 6000 | 4328 |
| 2.987% due 10/30/2056  | 3887 | 2315 |
| 3.000% due 11/20/2060  | 21700 | 12705 |
| 5.875% due 11/30/2055  | 3000 | 2966 |
| 6.000% due 11/30/2065  | 1100 | 1087 |
| **Virginia Electric & Power Co.** <br>2.950% due 11/15/2051 | 9900 | 6258 |
| **Vistra Operations Co. LLC** <br>5.700% due 12/30/2034 | 300 | 310 |
| **Vodafone Group PLC**  |  |  |
| 5.125% due 06/04/2081 •  | 3900 | 3063 |
| 5.875% due 06/28/2064  | 6600 | 6417 |
|  |  | 518882 |
| Total Corporate Bonds & Notes (Cost $2,449,235) |  | 2218538 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (e)  | 114 | 2 |
| 0.000% due 12/31/2027 (e)  | 142 | 1 |
| 0.000% due 12/31/2028 (e)  | 228 | 2 |
| 0.000% due 12/31/2029 (e)  | 228 | 1 |
| 0.000% due 12/31/2030 (e)  | 285 | 1 |
| 0.000% due 12/31/2031 (e)  | 285 | 1 |
| 0.000% due 12/31/2032 (e)  | 535 | 5 |
| **Sunac China Holdings Ltd.**  |  |  |
| 0.000% due 06/23/2026 «(e)  | 1343 | 215 |
| 0.000% due 06/23/2028 «(e)  | 160 | 34 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Convertible Bonds & Notes (Cost $370) |  | 262 |
| **MUNICIPAL BONDS & NOTES 1.5%**  |  |  |
| **CALIFORNIA 0.2%**  |  |  |
| **California Infrastructure & Economic Development Bank Revenue Bonds, (BABs), Series 2010** <br>6.486% due 05/15/2049 | 2300 | 2405 |
| **California State Public Works Board Revenue Bonds, (BABs), Series 2010** <br>7.804% due 03/01/2035 | 2600 | 2906 |
| **California State University Revenue Bonds, (BABs), Series 2010** <br>6.484% due 11/01/2041 | 700 | 750 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>4.214% due 06/01/2050 | 600 | 439 |
| **University of California Revenue Bonds, Series 2012** <br>4.858% due 05/15/2112 | 440 | 366 |
| **University of California Revenue Bonds, Series 2015** <br>4.767% due 05/15/2115 | 835 | 680 |
|  |  | 7546 |
| **GEORGIA 0.3%**  |  |  |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010** <br>6.655% due 04/01/2057 | 9420 | 10277 |
| **ILLINOIS 0.0%**  |  |  |
| **Chicago, Illinois General Obligation Bonds, Series 2009** <br>6.050% due 01/01/2029 | 250 | 254 |
| **Illinois Municipal Electric Agency Revenue Bonds, (BABs), Series 2009** <br>6.832% due 02/01/2035 | 775 | 816 |
|  |  | 1070 |
| **INDIANA 0.0%**  |  |  |
| **Indiana Finance Authority Revenue Bonds, (BABs), Series 2009** <br>6.596% due 02/01/2039 | 800 | 891 |
| **OHIO 0.3%**  |  |  |
| **American Municipal Power, Inc., Ohio Revenue Bonds, (BABs),Series 2010** <br>6.270% due 02/15/2050 | 4520 | 4673 |
| **American Municipal Power, Inc., Ohio Revenue Bonds, Series 2010**  |  |  |
| 7.834% due 02/15/2041  | 4990 | 5891 |
| 8.084% due 02/15/2050  | 1000 | 1259 |
|  |  | 11823 |
| **PENNSYLVANIA 0.4%**  |  |  |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010** <br>6.532% due 06/15/2039 | 11500 | 12595 |
| **TEXAS 0.3%**  |  |  |
| **Dallas Convention Center Hotel Development Corp. Texas Revenue Bonds, (BABs), Series 2009** <br>7.088% due 01/01/2042 | 4000 | 4442 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.169% due 04/01/2041 | 5400 | 5513 |
| **University of Texas System Revenue Bonds, Series 2017** <br>3.354% due 08/15/2047 | 45 | 34 |
|  |  | 9989 |
| **WASHINGTON 0.0%**  |  |  |
| **Washington State Convention Center Public Facilities District Revenue Bonds, (BABs), Series 2010** <br>6.790% due 07/01/2040 | 930 | 999 |
| Total Municipal Bonds & Notes (Cost $54,564) |  | 55190 |
| **U.S. GOVERNMENT AGENCIES 7.7%**  |  |  |
| **Federal Home Loan Mortgage Corp.**<br>5.500% due 08/01/2054 - 01/01/2055 | 15345 | 15573 |
| **Government National Mortgage Association, TBA**  |  |  |
| 4.000% due 01/01/2056 - 02/01/2056 | 65300 | 61675 |
| 4.500% due 02/01/2056 | 2300 | 2239 |
| 5.000% due 01/01/2056 | 15300 | 15267 |
| 6.000% due 02/01/2056 | 5900 | 6009 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 20 | 18 |
| 4.000% due 02/01/2056 | 95290 | 90338 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 02/01/2056 | 84800 | 84492 |
| Total U.S. Government Agencies (Cost $274,616) |  | 275611 |
| **U.S. TREASURY OBLIGATIONS 22.5%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 02/15/2051 | 46200 | 25831 |
| 1.875% due 11/15/2051 (p)(r) | 39900 | 22068 |
| 2.250% due 02/15/2052 | 25700 | 15602 |
| 2.500% due 02/15/2045 (p)(r) | 38400 | 27207 |
| 2.750% due 08/15/2047 (p)(r) | 25300 | 18084 |
| 2.750% due 11/15/2047 (p) | 5200 | 3706 |
| 2.875% due 05/15/2052 | 23900 | 16707 |
| 3.000% due 05/15/2047 (p) | 32300 | 24265 |
| 3.000% due 02/15/2048 (p)(r) | 5700 | 4243 |
| 3.000% due 08/15/2048 (p) | 170300 | 126142 |
| 3.125% due 05/15/2048 (p) | 6000 | 4559 |
| 3.750% due 08/15/2041 | 44435 | 40061 |
| 3.875% due 05/15/2043 (p) | 92642 | 83135 |
| 4.000% due 11/15/2042 | 25171 | 23079 |
| 4.250% due 02/15/2054 | 26300 | 23785 |
| 4.250% due 08/15/2054 | 55600 | 50287 |
| 4.375% due 05/15/2041 (p) | 55758 | 54347 |
| 4.375% due 08/15/2043 (p) | 14172 | 13542 |
| 4.625% due 05/15/2054 (p) | 102500 | 98744 |
| 4.625% due 11/15/2055 (r) | 7600 | 7323 |
| 4.750% due 11/15/2053 (p) | 101220 | 99397 |
| 4.875% due 08/15/2045 (p)(r) | 3562 | 3598 |
| **U.S. Treasury Inflation Protected Securities (h)** |  |  |
| 1.000% due 02/15/2046  | 1924 | 1452 |
| 2.125% due 02/15/2054  | 6058 | 5449 |
| 2.375% due 02/15/2055  | 4499 | 4273 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (p)(r) | 3170 | 3193 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 02/15/2042 (a) | 1500 | 680 |
| Total U.S. Treasury Obligations (Cost $891,540) |  | 800759 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%**  |  |  |
| **Banc of America Funding Trust**  |  |  |
| 5.500% due 01/25/2036  | 15 | 15 |
| 5.750% due 03/25/2036  | 41 | 34 |
| **Bear Stearns ALT-A Trust** <br>6.001% due 11/25/2034 ~ | 16 | 15 |
| **Bear Stearns ARM Trust** <br>5.507% due 11/25/2034 ~ | 259 | 241 |
| **BX Commercial Mortgage Trust** <br>4.763% due 02/15/2039 •  | 444 | 443 |
| **Chase Mortgage Finance Trust** <br>4.746% due 12/25/2037 ~ | 109 | 95 |
| **Countrywide Alternative Loan Trust** <br>4.506% due 09/25/2035 •  | 78 | 57 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.126% due 07/25/2047 •  | 107 | 102 |
| **GSMPS Mortgage Loan Trust** <br>4.196% due 03/25/2035 •  | 467 | 437 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.446% due 07/25/2035 •  | 205 | 166 |
| **JP Morgan Mortgage Trust** <br>5.869% due 11/25/2033 ~ | 2 | 2 |
| **Merrill Lynch Mortgage Investors Trust** <br>5.840% due 05/25/2033 ~ | 3 | 3 |
| **NAAC Reperforming Loan REMICS Trust Certificates** <br>4.296% due 02/25/2035 •  | 617 | 507 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 11/25/2059 ~ | 3515 | 3399 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>4.916% due 02/25/2035 •  | 100 | 99 |
| **PMT Loan Trust** <br>5.224% due 08/25/2056 •  | 628 | 628 |
| **RALI Trust** <br>4.893% due 02/25/2035 ~ | 354 | 313 |
| **RFMSI Trust** <br>5.484% due 02/25/2036 ~ | 135 | 129 |
| **Sequoia Mortgage Trust** <br>4.678% due 05/20/2034 •  | 205 | 195 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>5.201% due 03/25/2034 ~ | 5 | 5 |
| **Towd Point Mortgage Trust** <br>4.846% due 05/25/2058 •  | 140 | 143 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 2.423% due 11/25/2041 ~  | 113 | 105 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.726% due 07/25/2044 •  | 95 | 93 |
| Total Non-Agency Mortgage-Backed Securities (Cost $7,377) |  | 7226 |
| **ASSET-BACKED SECURITIES 0.4%**  |  |  |
| **CMBS OTHER 0.1%**  |  |  |
| **MF1 LLC** <br>5.468% due 03/19/2039 •  | 1000 | 1003 |
| **MF1 Ltd.** <br>5.081% due 02/19/2037 •  | 1948 | 1948 |
|  |  | 2951 |
| **HOME EQUITY OTHER 0.0%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.641% due 01/25/2035 •  | 549 | 530 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.716% due 07/25/2034 •  | 9 | 9 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.586% due 01/25/2034 •  | 3 | 4 |
| **RAAC Trust** <br>4.606% due 10/25/2046 •  | 53 | 53 |
| **Saxon Asset Securities Trust** <br>1.432% due 03/25/2035 •  | 46 | 40 |
|  |  | 636 |
| **OTHER ABS 0.3%**  |  |  |
| **AIM Aviation Finance Ltd.** <br>6.213% due 02/15/2040 þ | 820 | 804 |
| **Dryden 54 Senior Loan Fund** <br>5.034% due 10/19/2029 •  | 517 | 518 |
| **ECAF I Ltd.** <br>4.947% due 06/15/2040 | 882 | 818 |
| **KDAC Aviation Finance Ltd.** <br>4.212% due 12/15/2042 | 281 | 281 |
| **Labrador Aviation Finance Ltd.** <br>4.300% due 01/15/2042 | 1131 | 1133 |
| **METAL LLC** <br>4.581% due 10/15/2042 | 1530 | 1071 |
| **Octagon Investment Partners 39 Ltd.** <br>5.034% due 10/20/2030 •  | 510 | 510 |
| **Pikes Peak CLO 2** <br>5.104% due 10/11/2034 •  | 3000 | 3003 |
| **Pikes Peak CLO 4** <br>5.115% due 07/15/2034 •  | 3000 | 3003 |
| **Start II Ltd.** <br>4.089% due 03/15/2044 | 391 | 390 |
| **Venture XIX CLO Ltd.** <br>5.426% due 01/15/2032 •  | 351 | 351 |
|  |  | 11882 |
| Total Asset-Backed Securities (Cost $15,848) |  | 15469 |
| **SOVEREIGN ISSUES 5.2%**  |  |  |
| **Abu Dhabi Government International Bonds**  |  |  |
| 2.700% due 09/02/2070  | 2900 | 1631 |
| 3.125% due 09/30/2049  | 1400 | 1001 |
| 3.875% due 04/16/2050  | 3400 | 2739 |
| **Brazil Government International Bonds**  |  |  |
| 7.125% due 05/13/2054  | 1100 | 1091 |
| 7.250% due 01/12/2056  | 1398 | 1388 |
| **Brazil Notas do Tesouro Nacional** <br>6.000% due 08/15/2060 | 16482 | 2587 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $3000 | 3166 |
| **Chile Government International Bonds**  |  |  |
| 4.000% due 01/31/2052  | 600 | 477 |
| 5.330% due 01/05/2054  | 33 | 32 |
| **Colombia Government International Bonds** <br>7.500% due 02/02/2034 | 2600 | 2717 |
| **Colombia TES**  |  |  |
| 11.000% due 08/22/2029  | 23006300 | 5758 |
| 11.750% due 01/24/2035  | 21891000 | 5398 |
| 12.750% due 11/28/2040  | 23200300 | 6024 |
| 13.250% due 02/09/2033  | 20082900 | 5388 |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 02/19/2030  | $1500 | 1553 |
| 5.500% due 03/12/2034  | 9300 | 9646 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 626000 | 2909 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.300% due 12/20/2054  | 1130000 | 5794 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.400% due 03/20/2055  | 590000 | 3095 |
| 3.200% due 09/20/2055  | 880000 | 5448 |
| **Japan Government Twenty Year Bonds** <br>2.400% due 03/20/2045 | 318000 | 1879 |
| **Mexico Government International Bonds**  |  |  |
| 4.500% due 03/19/2034  | 4500 | 5272 |
| 5.625% due 09/22/2035  | $9300 | 9184 |
| **Panama Government International Bonds** <br>4.500% due 05/15/2047 | 35 | 28 |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 20900 | 7096 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 51100 | 15172 |
| 6.150% due 08/12/2032  | 9064 | 2910 |
| 6.950% due 08/12/2031  | 8350 | 2762 |
| **Philippines Government International Bonds** <br>5.500% due 01/17/2048 | $400 | 401 |
| **Queensland Treasury Corp.** <br>1.500% due 08/20/2032 | 5700 | 3072 |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.500% due 01/31/2037  | 184000 | 11046 |
| 8.875% due 02/28/2035 (n)  | 302300 | 19051 |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 1100 | 1169 |
| 2.875% due 04/13/2042  | 1100 | 854 |
| 3.750% due 02/07/2034  | 400 | 424 |
| 5.625% due 02/22/2036  | 1000 | 1164 |
| 5.625% due 05/30/2037  | 6000 | 6871 |
| **Saudi Government International Bonds**  |  |  |
| 3.450% due 02/02/2061  | $12000 | 7674 |
| 5.125% due 01/13/2028  | 7300 | 7462 |
| 5.750% due 01/16/2054  | 6300 | 6237 |
| **U.K. Gilts** <br>4.375% due 07/31/2054 | 4686 | 5545 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(g)  | $26 | 15 |
| 0.000% due 02/01/2034 þ(g)  | 97 | 46 |
| 0.000% due 02/01/2035 þ(g)  | 82 | 47 |
| 0.000% due 02/01/2036 þ(g)  | 68 | 39 |
| 4.500% due 02/01/2034 þ  | 95 | 58 |
| 4.500% due 02/01/2035 þ  | 166 | 100 |
| 4.500% due 02/01/2036 þ  | 213 | 126 |
| Total Sovereign Issues (Cost $181,053) |  | 183546 |
|  | SHARES |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **FINANCIALS 0.0%**  |  |  |
| **Stichting Administratiekantoor «(d)** | 6729 | 0 |
| **INDUSTRIALS 0.1%**  |  |  |
| **Foresea Holdings SA «** | 63984 | 1444 |
| **Westmoreland Mining Holdings «(d)(l)** | 32131 | 18 |
| **Westmoreland Mining LLC «(d)(l)** | 32414 | 91 |
|  |  | 1553 |
| **REAL ESTATE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (d)** | 6996889 | 87 |
| **MNSN Holdings, Inc. «(d)(l)** | 2831 | 141 |
|  |  | 228 |
| Total Common Stocks (Cost $2,492) |  | 1781 |
| **PREFERRED SECURITIES 3.1%**  |  |  |
| **BANKING & FINANCE 3.0%**  |  |  |
| **American AgCredit Corp.**<br>5.250% due 06/15/2026 (i) | 11000000 | 10812 |
| **Banco Bilbao Vizcaya Argentaria SA**<br>6.000% due 01/15/2026 (i)(j) | 1000000 | 1178 |
| **Capital Farm Credit ACA**<br>5.000% due 03/15/2026 (i) | 6400000 | 6405 |
| **Charles Schwab Corp.**  |  |  |
| 4.000% due 12/01/2030 (i) | 9000000 | 8413 |
| 5.000% due 12/01/2027 (i) | 2000000 | 1963 |
| **Citigroup, Inc.**  |  |  |
| 6.875% due 12/31/2099 | 3600000 | 3685 |
| 6.950% due 02/15/2030 (i) | 3800000 | 3916 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Citizens Financial Group, Inc.**<br>4.000% due 10/06/2026 (i) | 1100000 | 1095 |
| **CoBank ACB**  |  |  |
| 4.250% due 01/01/2027 (i) | 3500000 | 3436 |
| 6.250% due 10/01/2026 (i) | 3700000 | 3720 |
| 7.125% due 01/01/2030 (i) | 2000000 | 2077 |
| **Cooperatieve Rabobank UA**<br>6.500% due 12/29/2049 þ(i) | 1822950 | 2412 |
| **Depository Trust & Clearing Corp.**<br>3.375% due 06/20/2026 (i) | 4500000 | 4440 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.650% due 08/10/2026 (i) | 4400000 | 4341 |
| 6.125% due 11/10/2034 (i)(n) | 3600000 | 3669 |
| 6.850% due 02/10/2030 (i) | 4900000 | 5099 |
| 7.500% due 02/10/2029 (i) | 2200000 | 2335 |
| 7.500% due 05/10/2029 (i) | 3000000 | 3177 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.650% due 06/01/2026 (i) | 4000000 | 3980 |
| 4.200% due 09/01/2026 (i) | 75000 | 1370 |
| 4.625% due 06/01/2026 (i) | 111000 | 2180 |
| 6.406% (TSFR3M + 2.745%) due 04/01/2026 (i) | 5800000 | 5812 |
| 6.500% due 04/01/2030 (i) | 5300000 | 5505 |
| 6.875% due 06/01/2029 (i) | 4400000 | 4648 |
| **State Street Corp.**<br>6.700% due 03/15/2029 (i) | 5200000 | 5408 |
| **Wells Fargo & Co.**  |  |  |
| 4.750% due 03/15/2026 (i) | 98700 | 1924 |
| 6.850% due 09/15/2029 (i) | 3700000 | 3870 |
| 7.625% due 09/15/2028 (i) | 500000 | 534 |
|  |  | 107404 |
| **INDUSTRIALS 0.1%**  |  |  |
| **SVB Financial Trust**<br>11.000% due 11/07/2032 | 3227 | 1538 |
| Total Preferred Securities (Cost $110,942) |  | 108942 |
| **SHORT-TERM INSTRUMENTS 1.1%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.850% (k) | 1164357 | 1164 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (m) 1.1%** |  | 37997 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.931% due 01/27/2026 (e)(f)(r) | 53 | 53 |
| Total Short-Term Instruments (Cost $38,367) |  | 39214 |
| Total Investments in Securities (Cost $4,060,511) |  | 3740036 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 1.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 1.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.9%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 6768548 | 65932 |
| Total Short-Term Instruments (Cost $65,923) |  | 65932 |
| Total Investments in Affiliates (Cost $65,923) |  | 65932 |
| Total Investments 107.0% (Cost $4,126,435) |  | $3805968 |
| **Financial Derivative Instruments (o)(q) (0.0)**%(Cost or Premiums, net $94,502) |  | (1527) |
| Other Assets and Liabilities, net (7.0)% |  | (249067) |
| Net Assets 100.0% |  | $3555374 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 23 | 45 | 128 | 140 | 164 | 185 | 203 | 210 | 216 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(g)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(h)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(i)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(j)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(k)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | 10/27/2025 | 863 | 863 | 863 | 863 | 0.02 | % |
| Constellation Pharmaceutical, Inc.5.550% due 07/01/2033 | Constellation Pharmaceutical, Inc.5.550% due 07/01/2033 | Constellation Pharmaceutical, Inc.5.550% due 07/01/2033 | 01/16/2025 | 1248 | 1248 | 1297 | 1297 | 0.04 |  |
| Credit Opportunities Partners LLC 6.520% due 03/20/2028 | Credit Opportunities Partners LLC 6.520% due 03/20/2028 | Credit Opportunities Partners LLC 6.520% due 03/20/2028 | 02/20/2025 | 900 | 900 | 911 | 911 | 0.03 |  |
| Credit Opportunities Partners LLC6.740% due 03/20/2030 | Credit Opportunities Partners LLC6.740% due 03/20/2030 | Credit Opportunities Partners LLC6.740% due 03/20/2030 | 03/20/2025 | 1000 | 1000 | 1019 | 1019 | 0.03 |  |
| Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 | 12/10/2025 | 1637 | 1637 | 1645 | 1645 | 0.05 |  |
| Morgan Stanley 0.000% due 04/02/2032 | Morgan Stanley 0.000% due 04/02/2032 | Morgan Stanley 0.000% due 04/02/2032 | 02/11/2020 | 10182 | 10182 | 8289 | 8289 | 0.23 |  |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. | 04/26/2022 | 55 | 55 | 141 | 141 | 0.00 |  |
| National Football League 5.250% due 10/05/2034 | National Football League 5.250% due 10/05/2034 | National Football League 5.250% due 10/05/2034 | 6/27/2025 | 4900 | 4900 | 4997 | 4997 | 0.14 |  |
| National Football League 5.420% due 10/05/2037 | National Football League 5.420% due 10/05/2037 | National Football League 5.420% due 10/05/2037 | 6/27/2025 | 1800 | 1800 | 1820 | 1820 | 0.05 |  |
| Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | 03/18/2025 | 1100 | 1100 | 1100 | 1100 | 0.03 |  |
| Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | 02/28/2025 | 784 | 784 | 888 | 888 | 0.03 |  |
| Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | 11/18/2025 | 5000 | 5000 | 4996 | 4996 | 0.14 |  |
| Westmoreland Mining Holdings | Westmoreland Mining Holdings | Westmoreland Mining Holdings | 12/08/2014 | 936 | 936 | 18 | 18 | 0.00 |  |
| Westmoreland Mining LLC | Westmoreland Mining LLC | Westmoreland Mining LLC | 06/30/2023 | 215 | 215 | 91 | 91 | 0.00 |  |
|  |  |  | $ | 30620 | $ | 28075 | 0.79%  | 0.79%  | 0.79%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(m)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
|  | 01/09/2026 | 320576 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (28594) | $19358 | $ | $19459 | 19459 |
| BRC | TBD<sup>(2)</sup> | 308661 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (28594) | 18639 |  | 18639 | 18639 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(57188)** | $**37997** | **$** | $**38098** | **38098** |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 38 | 40 | 58 | 76 | 77 | 90 | 97 | 113 | 127 | 140 | 144 | 157 | 168 | 190 | 208 |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Settlement Date | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | BPS | 3.600%  | 3.600%  | 3.600%  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | $ | (1355) | (1355) | $ | (1357) |
| BRC | BRC | BRC | 2.650  | 2.650  | 2.650  | 12/19/2025 | 12/19/2025 | 12/19/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | GBP | (211) | (211) |  | (285) |
|  |  |  | 6.700  | 6.700  | 6.700  | 12/05/2025 | 12/05/2025 | 12/05/2025 | 01/09/2026 | 01/09/2026 | 01/09/2026 | ZAR | (320576) | (320576) |  | (19457) |
|  |  |  | 6.700  | 6.700  | 6.700  | 01/09/2026 | 01/09/2026 | 01/09/2026 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (311231) | (311231) |  | (18794) |
| JPS | JPS | JPS | 3.650  | 3.650  | 3.650  | 12/19/2025 | 12/19/2025 | 12/19/2025 | 01/30/2026 | 01/30/2026 | 01/30/2026 | $ | (510) | (510) |  | (511) |
| MSC | MSC | MSC | 3.250  | 3.250  | 3.250  | 12/12/2025 | 12/12/2025 | 12/12/2025 | 01/30/2026 | 01/30/2026 | 01/30/2026 |  | (2746) | (2746) |  | (2751) |
| MYI | MYI | MYI | 3.500  | 3.500  | 3.500  | 12/18/2025 | 12/18/2025 | 12/18/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (890) | (890) |  | (891) |
| NOM | NOM | NOM | 3.550  | 3.550  | 3.550  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (660) | (660) |  | (661) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  |  | **$** | **(44707)** |
| **(n)** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $26,724 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(168097) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Cost | Cost | Market<br>Value |
| Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | $97.500 | 97.500 | 97.500 | 06/12/2026 | 06/12/2026 | 819 | $2048 | 2048 | 2048 | 641 | 641 | 76 |
| Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | 98.000 | 98.000 | 98.000 | 06/12/2026 | 06/12/2026 | 854 | 2135 | 2135 | 2135 | 416 | 416 | 49 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **1057** | **1057** | **125** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 206 | $206 | 206 | 206 | (34) | (34) | (32) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 80 | 80 | 80 | 80 | (14) | (14) | (25) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 286 | 286 | 286 | 286 | (55) | (55) | (22) |
| Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | Call - CME 3-Month SOFR Active Contract June 2026 Futures  | 98.500 | 98.500 | 98.500 | 06/12/2026 | 06/12/2026 | 819 | 2048 | 2048 | 2048 | (224) | (224) | (27) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 127.500 | 127.500 | 01/23/2026 | 01/23/2026 | 22 | 22 | 22 | 22 | (11) | (11) | (16) |
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 130.500 | 130.500 | 01/23/2026 | 01/23/2026 | 22 | 22 | 22 | 22 | (12) | (12) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(350)** | **(350)** | **(123)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2027 | 03/2027 | 689 | 689 | 689 | $166893 | 166893 | 166893 | $1491 | 1491 | 1491 | 1491 | $0 | 0 | $(43) |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2028 | 03/2028 | 351 | 351 | 351 | 84894 | 84894 | 84894 | 648 | 648 | 648 | 648 | 0 | 0 | (26) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2026 | 12/2026 | 632 | 632 | 632 | 153015 | 153015 | 153015 | 1340 | 1340 | 1340 | 1340 | 0 | 0 | (32) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 12/2027 | 1049 | 1049 | 1049 | 253871 | 253871 | 253871 | 1973 | 1973 | 1973 | 1973 | 0 | 0 | (79) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 160 | 160 | 160 | 11690 | 11690 | 11690 | 23 | 23 | 23 | 23 | 13 | 13 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 17 | 17 | 17 | 2321 | 2321 | 2321 | (17) | (17) | (17) | (17) | 0 | 0 | (2) |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 59 | 59 | 59 | 8845 | 8845 | 8845 | (123) | (123) | (123) | (123) | 0 | 0 | (16) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 1557 | 1557 | 1557 | 175065 | 175065 | 175065 | (883) | (883) | (883) | (883) | 0 | 0 | (316) |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 101 | 101 | 101 | 11675 | 11675 | 11675 | (129) | (129) | (129) | (129) | 0 | 0 | (22) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 4756 | 4756 | 4756 | 561208 | 561208 | 561208 | (11037) | (11037) | (11037) | (11037) | 0 | 0 | (1784) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 280 | 280 | 280 | 32204 | 32204 | 32204 | (30) | (30) | (30) | (30) | 0 | 0 | (52) |
|  |  |  |  |  |  |  |  |  |  | (6744) | (6744) | (6744) | $ | 13 | 13 | (2372) |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 13 | 15 | 22 | 38 | 53 | 56 | 65 | 79 | 94 | 109 | 127 | 148 | 157 | 171 | 181 | 193 | 211 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 137 | $ | (28604) | (28604) | $(24) | (24) | (24) | 10 | 10 | 10 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1880 |  | (205493) | (205493) | 301 | 301 | 301 | 220 | 220 | 220 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 277 | 277 | $ | 230 | 230 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(6467)** | **(6467)** | **$** | **243** | **243** | **$** | **(2372)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Ford Motor Co.  | (5.000)% | (5.000)% | Quarterly | 06/20/2030 | 1.431 | % | $ | $4600 | 4600 | (521) | $ | (147) | (668) | (668) | (668) | 0 | 0 | 0 |
| General Motors Co.  | (5.000) | (5.000) | Quarterly | 06/20/2030 | 0.914 |  |  | 13600 | 13600 | (2144) |  | (153) | (2297) | (2297) | (2297) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $(2665) | (2665) | (300) | $(2965) | (2965) | (2965) | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| AES Corp.  | 5.000% | 5.000% | Quarterly | 12/20/2028 | 0.648 | % | $ | $1500 | 1500 | 186 | $ | 1 | 187 | 187 | 187 | 0 | 0 | 0 |
| American International Group, Inc.  | 1.000 | 1.000 | Quarterly | 12/20/2027 | 0.197 |  |  | 2000 | 2000 | (12) |  | 43 | 31 | 31 | 31 | 1 | 1 | 0 |
| AT&T, Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 0.246 |  |  | 4200 | 4200 | 64 |  | (48) | 16 | 16 | 16 | 0 | 0 | 0 |
| AT&T, Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2028 | 0.414 |  |  | 1100 | 1100 | (6) |  | 22 | 16 | 16 | 16 | 0 | 0 | 0 |
| Bank of America Corp.  | 1.000 | 1.000 | Quarterly | 12/20/2026 | 0.299 |  |  | 4100 | 4100 | 53 |  | (24) | 29 | 29 | 29 | 0 | 0 | 0 |
| Comcast Corp.  | 1.000 | 1.000 | Quarterly | 12/20/2026 | 0.205 |  |  | 4500 | 4500 | 119 |  | (83) | 36 | 36 | 36 | 0 | 0 | 0 |
| Deutsche Bank  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 0.620 |  | EUR | 1100 | 1100 | 19 |  | 4 | 23 | 23 | 23 | 1 | 1 | 0 |
| Enbridge, Inc.  | 1.000 | 1.000 | Quarterly | 12/20/2026 | 0.229 |  | $ | $3700 | 3700 | 36 |  | (7) | 29 | 29 | 29 | 0 | 0 | 0 |
| General Electric Co.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 0.051 |  |  | 1900 | 1900 | 22 |  | (13) | 9 | 9 | 9 | 0 | 0 | 0 |
| Glencore Finance  | 5.000 | 5.000 | Quarterly | 06/20/2031 | 0.920 |  | EUR | 2000 | 2000 | 461 |  | 29 | 490 | 490 | 490 | 0 | 0 | (1) |
| Goldman Sachs Group, Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 0.252 |  | $ | $700 | 700 | 4 |  | (1) | 3 | 3 | 3 | 0 | 0 | 0 |
| MGM Resorts International  | 5.000 | 5.000 | Quarterly | 12/20/2029 | 1.389 |  |  | 3400 | 3400 | 465 |  | (14) | 451 | 451 | 451 | 3 | 3 | 0 |
| Morgan Stanley  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 0.226 |  |  | 3600 | 3600 | 14 |  | 0 | 14 | 14 | 14 | 0 | 0 | 0 |
| Oracle Corp.  | 1.000 | 1.000 | Quarterly | 06/20/2030 | 1.367 |  |  | 4700 | 4700 | 103 |  | (171) | (68) | (68) | (68) | 0 | 0 | (1) |
| Teck Resources Ltd.  | 5.000 | 5.000 | Quarterly | 06/20/2026 | 0.095 |  |  | 3600 | 3600 | 611 |  | (523) | 88 | 88 | 88 | 1 | 1 | 0 |
| Tesco PLC  | 1.000 | 1.000 | Quarterly | 06/20/2028 | 0.235 |  | EUR | 1100 | 1100 | 11 |  | 13 | 24 | 24 | 24 | 0 | 0 | (1) |
| Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | 12/20/2026 | 0.287 |  | $ | $3300 | 3300 | 80 |  | (56) | 24 | 24 | 24 | 0 | 0 | 0 |
| Volkswagen International Finance NV  | 1.000 | 1.000 | Quarterly | 06/20/2028 | 0.455 |  | EUR | 1500 | 1500 | 12 |  | 12 | 24 | 24 | 24 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $2242 | 2242 | (816) | $1426 | 1426 | 1426 | $6 | 6 | $(3) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | (5.000)% | (5.000)% | Quarterly | 06/20/2030 | $ | $ | 4700 | 4700 | (111) | $ | (269) | (380) | (380) | (380) | 0 | 0 | 0 |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | (5.000) | (5.000) | Quarterly | 12/20/2030 |  |  | 20300 | 20300 | (1550) |  | (28) | (1578) | (1578) | (1578) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | (1661) | $ | (297) | (1958) | (1958) | (1958) | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 13 | 19 | 24 | 32 | 35 | 63 | 95 | 121 | 149 | 171 | 182 | 212 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 2116 | (78) | 91 | 13 | 13 | 0 | 0 |
| CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 700 | (33) | 37 | 4 | 4 | 0 | 0 |
| CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 200 | (8) | 9 | 1 | 1 | 0 | 0 |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 400 | (12) | 12 | 0 | 0 | 0 | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 300 | (6) | 3 | (3) | (3) | 0 | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 584900 | 12625 | 671 | 13296 | 13296 | 5 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 3052975 | 68630 | 1434 | 70064 | 70064 | 44 | 0 |
|  |  |  |  |  |  |  |  | 81118 | 2257 | 83375 | 83375 | 49 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | Annual | 09/17/2030 | 92000 | $(440) | $950 | $510 | 510 | $104 | $0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | Annual | 06/15/2027 | $120700 | 3989 | 2189 | 6178 | 6178 | 56 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | Annual | 05/31/2028 | 72200 | 0 | (301) | (301) | (301) | 53 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 59200 | 74 | (856) | (782) | (782) | 77 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | Annual | 03/04/2030 | 4400 | (9) | (48) | (57) | (57) | 6 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | Annual | 05/31/2030 | 77547 | (9) | 339 | 330 | 330 | 111 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | Annual | 05/31/2030 | 102733 | 101 | 0 | 101 | 101 | 147 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2031 | 88300 | 250 | (1145) | (895) | (895) | 151 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.901 | Annual | Annual | 02/15/2035 | 2900 | (2) | (25) | (27) | (27) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | Annual | 03/04/2035 | 1490 | (5) | (9) | (14) | (14) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | Annual | 03/05/2035 | 2600 | (9) | (8) | (17) | (17) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | Annual | 03/11/2035 | 2600 | (9) | (14) | (23) | (23) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | Annual | 03/21/2035 | 3000 | (9) | (37) | (46) | (46) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | Annual | 03/24/2035 | 5000 | (15) | (43) | (58) | (58) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | Annual | 03/25/2035 | 2600 | (7) | (13) | (20) | (20) | 6 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | Annual | 08/15/2035 | 5900 | 12 | 48 | 60 | 60 | 13 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | Annual | 08/15/2035 | 5900 | (5) | 38 | 33 | 33 | 13 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | Annual | 08/15/2035 | 10062 | 26 | 18 | 44 | 44 | 23 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | Annual | 09/17/2035 | 2300 | (7) | 53 | 46 | 46 | 5 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | Annual | 11/15/2053 | 7200 | 151 | 102 | 253 | 253 | 25 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | Annual | 11/15/2053 | 20376 | 36 | 314 | 350 | 350 | 70 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 06/20/2054 | 75575 | 6693 | 2129 | 8822 | 8822 | 242 | 0 |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 12.030 | Maturity | Maturity | 01/04/2027 | 205800 | 0 | (1013) | (1013) | (1013) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.927 | Maturity | Maturity | 01/04/2027 | 234100 | 0 | (197) | (197) | (197) | 0 | (37) |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.359 | Maturity | Maturity | 01/02/2029 | 110600 | 0 | (5) | (5) | (5) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.402 | Maturity | Maturity | 01/02/2029 | 166400 | 0 | (1) | (1) | (1) | 0 | (1) |
| Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/19/2030 | 115200 | 947 | (1313) | (366) | (366) | 0 | (59) |
| Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | Semi-Annual | 12/17/2035 | 33300 | (379) | (1024) | (1403) | (1403) | 0 | (40) |
| Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.000 | Annual | Annual | 05/13/2027 | 5500 | (20) | (62) | (82) | (82) | 0 | (1) |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 03/18/2031 | 48600 | 173 | (474) | (301) | (301) | 0 | (37) |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 | 22640 | (323) | 1673 | 1350 | 1350 | 76 | 0 |
|  |  |  |  |  |  |  |  | 11204 | 1265 | 12469 | 12469 | 1218 | (176) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **90238** | **2109** | **92347** | **92347** | **1273** | **(179)** |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **(p)** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $143,277 and cash of $16,859 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(q)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | $855 | 132870 | 132870 | $0 | $(6) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 628068 | $165 | 165 | 0 | 0 |
|  |  | 01/2026  | 1826 | 20 | 20 | 0 | 0 |
|  |  | 01/2026  | 453500 | 2935 | 2935 | 37 | 0 |
|  |  | 01/2026  | $179 | 5647 | 5647 | 1 | 0 |
|  |  | 01/2026  | 710 | 11835 | 11835 | 4 | 0 |
|  |  | 02/2026  | 143923 | $38 | 38 | 0 | 0 |
|  |  | 02/2026  | 2899 | 910 | 910 | 0 | (1) |
|  |  | 03/2026  | 5146487 | 1340 | 1340 | 13 | 0 |
|  |  | 03/2026  | 11271 | 3343 | 3343 | 0 | (1) |
|  |  | 04/2026  | $251 | 4633 | 4633 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 9593 | $6321 | 6321 | 0 | (81) |
|  |  | 01/2026  | 117309 | 21320 | 21320 | 0 | (88) |
|  |  | 01/2026  | 324 | 411 | 411 | 2 | 0 |
|  |  | 01/2026  | 38586 | 5476 | 5476 | 0 | (61) |
|  |  | 01/2026  | 1950 | 605 | 605 | 0 | (7) |
|  |  | 01/2026  | 81305 | 902 | 902 | 0 | (2) |
|  |  | 01/2026  | 1759000 | 11250 | 11250 | 41 | (29) |
|  |  | 01/2026  | 7520 | 240 | 240 | 1 | 0 |
|  |  | 01/2026  | $21650 | 117309 | 117309 | 0 | (242) |
|  |  | 01/2026  | 3798 | 26604 | 26604 | 17 | 0 |
|  |  | 01/2026  | 410 | 37040 | 37040 | 1 | 0 |
|  |  | 01/2026  | 1542 | 5550 | 5550 | 4 | 0 |
|  |  | 01/2026  | 9471 | 417279 | 417279 | 185 | 0 |
|  |  | 01/2026  | 5588 | 175618 | 175618 | 11 | (7) |
|  |  | 01/2026  | 1559 | 25987 | 25987 | 8 | 0 |
|  |  | 01/2026  | 10763 | $643 | 643 | 0 | (6) |
|  |  | 02/2026  | 849743 | 222 | 222 | 1 | 0 |
|  |  | 02/2026  | $888 | 80014 | 80014 | 0 | 0 |
|  |  | 02/2026  | 2238 | 70254 | 70254 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 1224 | $382 | 382 | 0 | (3) |
|  |  | 01/2026  | 64900 | 421 | 421 | 6 | 0 |
|  |  | 01/2026  | 48986 | 2833 | 2833 | 0 | (121) |
|  |  | 02/2026  | 1223 | 380 | 380 | 0 | (4) |
|  |  | 02/2026  | $3820 | 172686 | 172686 | 114 | 0 |
|  |  | 03/2026  | 6869 | 312289 | 312289 | 89 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 7851 | $2194 | 2194 | 0 | (140) |
|  |  | 01/2026  | $11144 | 8428 | 8428 | 217 | 0 |
|  |  | 01/2026  | 343 | 53406 | 53406 | 0 | (2) |
|  |  | 02/2026  | 38 | $0 | 0 | 0 | 0 |
|  |  | 02/2026  | 6357 | 1818 | 1818 | 0 | (70) |
|  |  | 03/2026  | 8225 | 2355 | 2355 | 0 | (86) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 11425 | 7582 | 7582 | 0 | (43) |
|  |  | 01/2026  | 20303 | 14433 | 14433 | 0 | (368) |
|  |  | 01/2026  | 14257452 | 3757 | 3757 | 20 | (3) |
|  |  | 01/2026  | 2346 | 2753 | 2753 | 2 | (7) |
|  |  | 01/2026  | 1610 | 929 | 929 | 2 | 0 |
|  |  | 01/2026  | 533542 | 17090 | 17090 | 102 | 0 |
|  |  | 01/2026  | $2448 | 17090 | 17090 | 4 | 0 |
|  |  | 01/2026  | 714 | 2691665 | 2691665 | 0 | (2) |
|  |  | 01/2026  | 20774 | 1886603 | 1886603 | 166 | 0 |
|  |  | 01/2026  | 8164 | 14106 | 14106 | 0 | (40) |
|  |  | 01/2026  | 260 | 933 | 933 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 207 | 6533 |  | 1 |  | 0 |
|  | 01/2026  | 604 | 10346 |  | 20 |  | 0 |
|  | 02/2026  | 6391303 | $1670 |  | 9 |  | 0 |
|  | 02/2026  | 2308 | 726 |  | 1 |  | 0 |
|  | 02/2026  | 37679 | 11093 |  | 0 |  | (96) |
|  | 02/2026  | $56 | 1740 |  | 0 |  | 0 |
|  | 03/2026  | 4477370 | $1182 |  | 21 |  | 0 |
|  | 03/2026  | 11750 | 3304 |  | 0 |  | (185) |
|  | 04/2026  | 1091735 | 286 |  | 6 |  | 0 |
|  | 07/2026  | 10413 | 3025 |  | 0 |  | (50) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 2047 | 636 |  | 0 |  | (6) |
|  | 01/2026  | $1224 | 3904 |  | 2 |  | 0 |
|  | 01/2026  | 639 | 10743 |  | 9 |  | 0 |
|  | 01/2026  | 76928 | $4415 |  | 0 |  | (224) |
|  | 02/2026  | 3903 | 1224 |  | 0 |  | (2) |
|  | 02/2026  | $75 | 2349 |  | 0 |  | 0 |
|  | 03/2026  | 38 | 1218 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 37608 | $24573 |  | 0 |  | (526) |
|  | 01/2026  | 19233 | 2733 |  | 0 |  | (27) |
|  | 01/2026  | 32360 | 42564 |  | 0 |  | (1055) |
|  | 01/2026  | 5586 | 3201 |  | 0 |  | (17) |
|  | 01/2026  | $648 | 2077 |  | 4 |  | 0 |
|  | 01/2026  | 117 | 2174 |  | 3 |  | 0 |
|  | 01/2026  | 2334 | 7862 |  | 4 |  | 0 |
|  | 01/2026  | 641 | 10752 |  | 8 |  | 0 |
|  | 01/2026  | 53343 | $3102 |  | 0 |  | (114) |
|  | 02/2026  | 2077 | 648 |  | 0 |  | (4) |
|  | 06/2026  | 7906 | 2334 |  | 0 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 117752 | 21020 |  | 0 |  | (469) |
|  | 01/2026  | $21400 | 117752 |  | 89 |  | 0 |
|  | 01/2026  | 1795 | 12651 |  | 21 |  | 0 |
|  | 01/2026  | 8329 | 373506 |  | 354 |  | 0 |
|  | 01/2026  | 39666 | $2301 |  | 0 |  | (91) |
|  | 02/2026  | 2236365 | 584 |  | 2 |  | 0 |
|  | 03/2026  | 88 | 16 |  | 0 |  | 0 |
|  | 03/2026  | $15469 | 85327 |  | 0 |  | (100) |
|  | 03/2026  | 15705 | 291337 |  | 385 |  | 0 |
|  | 04/2026  | 21020 | 120355 |  | 493 |  | 0 |
|  | 04/2026  | 2127 | 39224 |  | 30 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 80065 | $11368 |  | 0 |  | (120) |
|  | 01/2026  | 17198 | 5263 |  | 0 |  | (137) |
|  | 01/2026  | 2186 | 118 |  | 0 |  | (4) |
|  | 01/2026  | 2400 | 1393 |  | 10 |  | 0 |
|  | 01/2026  | 1342 | 369 |  | 0 |  | (5) |
|  | 01/2026  | $2152 | 15119 |  | 17 |  | 0 |
|  | 01/2026  | 14539 | $847 |  | 0 |  | (30) |
|  | 02/2026  | 47 | 1 |  | 0 |  | 0 |
|  | 03/2026  | $1375 | 25206 |  | 16 |  | 0 |
|  | 04/2026  | 792 | 14597 |  | 11 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 1075 | $711 |  | 0 |  | (7) |
|  | 01/2026  | 8844 | 6284 |  | 0 |  | (163) |
|  | 01/2026  | 493 | 621 |  | 0 |  | (2) |
|  | 01/2026  | 2823 | 3792 |  | 0 |  | (13) |
|  | 01/2026  | 338300 | 2179 |  | 17 |  | 0 |
|  | 01/2026  | 1589 | 918 |  | 3 |  | 0 |
|  | 01/2026  | $6143 | 5205 |  | 0 |  | (23) |
|  | 01/2026  | 2479 | 1853 |  | 19 |  | 0 |
|  | 01/2026  | 4617 | 718620 |  | 0 |  | (26) |
|  | 01/2026  | 7830 | 13639 |  | 26 |  | 0 |
|  | 01/2026  | 9749 | 35665 |  | 185 |  | 0 |
|  | 01/2026  | 276 | 8709 |  | 2 |  | 0 |
|  | 03/2026  | 573 | 10552 |  | 9 |  | 0 |
|  | 04/2026  | 637 | 11750 |  | 10 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 4 | $1 |  | 0 |  | 0 |
|  | 01/2026  | 28059 | 21686 |  | 0 |  | (157) |
|  | 01/2026  | $5 | 734 |  | 0 |  | 0 |
|  | 02/2026  | 4411 | $1370 |  | 0 |  | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 38349 | 5443 |  | 0 |  | (60) |
|  | 01/2026  | 11828 | 130 |  | 0 |  | (1) |
|  | 01/2026  | 215000 | 1384 |  | 10 |  | 0 |
|  | 01/2026  | $1067 | 917 |  | 12 |  | 0 |
|  | 01/2026  | 266 | 41428 |  | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 70328 | $81422 |  | 0 |  | (1262) |
|  | 01/2026  | $991 | 154976 |  | 0 |  | (1) |
|  | 03/2026  | 10 | 3 |  | 0 |  | 0 |
|  | 03/2026  | $1 | 11 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 1569 | $1960 |  | 0 |  | (22) |
|  | 01/2026  | $1222 | 4387 |  | 0 |  | 0 |
|  | 01/2026  | 75356 | $4333 |  | 0 |  | (211) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**2860** | **2860** | $**(6656)** | **(6656)** |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 29 | 60 | 80 | 91 | 101 | 105 | 132 | 161 | 201 |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1415.000 | 1415.000 | 02/19/2026 | 6084 | $41 | $35 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1410.000 | 1410.000 | 02/27/2026 | 23868 | 170 | 133 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1413.000 | 1413.000 | 02/27/2026 | 11662 | 79 | 71 |
| BPS | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1412.000 | 1412.000 | 02/24/2026 | 383 | 3 | 2 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1412.000 | 1412.000 | 02/24/2026 | 4007 | 27 | 22 |
|  |  |  |  |  |  |  |  |  | $320 | $263 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| BPS | Call - OTC 2-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 2.500% | 04/29/2026 | 04/29/2026 | 129200 | $608 | $45 |
| FAR | Call - OTC 2-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 2.000 | 04/29/2026 | 04/29/2026 | 150500 | 414 | 11 |
|  |  |  |  |  |  |  |  |  | $1022 | $56 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**1342** | $**319** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1375.000 | 1375.000 | 02/19/2026 | 6084 | $(14) | $(9) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1375.000 | 1375.000 | 02/27/2026 | 35530 | (94) | (64) |
| BPS | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1372.000 | 1372.000 | 02/24/2026 | 383 | (1) | (1) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1372.000 | 1372.000 | 02/24/2026 | 4007 | (9) | (6) |
|  |  |  |  |  |  |  |  |  | $(118) | $(80) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BPS | Call - OTC 2-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 1.500% | 04/29/2026 | 04/29/2026 | 129200 | $(194) | $(2) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.551 | 01/05/2026 | 01/05/2026 | 4500 | (10) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.831 | 01/05/2026 | 01/05/2026 | 4500 | (10) | (3) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 2300 | (6) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 2300 | (6) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.622 | 01/29/2026 | 01/29/2026 | 4600 | (10) | (6) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.882 | 01/29/2026 | 01/29/2026 | 4600 | (10) | (14) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.580 | 01/05/2026 | 01/05/2026 | 4900 | (11) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.860 | 01/05/2026 | 01/05/2026 | 4900 | (11) | (1) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.548 | 01/02/2026 | 01/02/2026 | 4400 | (11) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.848 | 01/02/2026 | 01/02/2026 | 4400 | (11) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.578 | 01/12/2026 | 01/12/2026 | 4400 | (10) | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.878 | 01/12/2026 | 01/12/2026 | 4400 | (10) | (4) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.648 | 01/15/2026 | 01/15/2026 | 4400 | (12) | (3) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.928 | 01/15/2026 | 01/15/2026 | 4400 | (12) | (4) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 4800 | (12) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 4800 | (12) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 4700 | (11) | (2) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 4700 | (11) | (2) |

---

------

<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 8 | 29 | 31 | 43 | 47 | 64 | 70 | 81 | 87 | 101 | 103 | 114 | 130 | 138 | 152 | 163 | 169 | 189 | 201 | 205 | 215 |
| NGF | NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 5900 |  | (13) | (13) | (13) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 01/05/2026 |  | 5900 |  | (14) | (14) | (14) | (9) | (9) | (9) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 5900 |  | (14) | (14) | (14) | (2) | (2) | (2) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 5900 |  | (14) | (14) | (14) | (3) | (3) | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (435) | (435) | (435) | $(57) | (57) | (57) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(553)** | **(553)** | **(553)** | $**(137)** | **(137)** | **(137)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| GST | GST | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000% | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.534% | 0.534% | 0.534% | $900 | 900 | $(10) | (10) | $22 | 22 | $12 | 12 | 12 | $0 |
|  |  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.288 | 0.288 | 0.288 | 900 | 900 | 21 | 21 | (15) | (15) | 6 | 6 | 6 | 0 |
|  |  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.706 | 1.706 | 1.706 | 1100 | 1100 | (9) | (9) | 6 | 6 | 0 | 0 | 0 | (3) |
| JPM | JPM | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.221 | 0.221 | 0.221 | 1600 | 1600 | (12) | (12) | 18 | 18 | 6 | 6 | 6 | 0 |
| MYC | MYC | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.290 | 0.290 | 0.290 | 4000 | 4000 | 11 | 11 | 18 | 18 | 29 | 29 | 29 | 0 |
|  |  | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.362 | 0.362 | 0.362 | 2900 | 2900 | (10) | (10) | 38 | 38 | 28 | 28 | 28 | 0 |
|  |  | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 0.480 | 0.480 | 0.480 | 1300 | 1300 | (25) | (25) | 41 | 41 | 16 | 16 | 16 | 0 |
|  |  | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.534 | 0.534 | 0.534 | 5400 | 5400 | (57) | (57) | 130 | 130 | 73 | 73 | 73 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(91) | (91) | $258 | 258 | $170 | 170 | 170 | $(3) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| BOA | BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | 5300 | $ | 1208 | 1208 | 41 | 41 | 1249 | 1249 | $ | 0 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 2600 |  | 599 | 599 | 14 | 14 | 613 | 613 |  | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 900 |  | 204 | 204 | 8 | 8 | 212 | 212 |  | 0 |
|  |  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | JPY | 12800 |  | 2 | 2 | 0 | 0 | 2 | 2 |  | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | 3700 |  | 841 | 841 | 31 | 31 | 872 | 872 |  | 0 |
|  |  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | iTraxx Japan 44 5 Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | JPY | 36200 |  | 5 | 5 | 0 | 0 | 5 | 5 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $2859 | 2859 | $94 | 94 | $2953 | 2953 | 2953 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**2768** | **2768** | $**352** | **352** | $**3123** | **3123** | **3123** | $**(3)** |
| **(r)** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $4,126 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 12 | 26 | 44 | 69 | 77 | 92 | 100 | 113 | 133 | 145 | 156 | 169 | 187 | 213 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $12525 | 12525 | $20973 | 20973 | $ | 33498 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 770818 | 770818 | 6998 | 6998 |  | 777816 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 913726 | 913726 | 8114 | 8114 |  | 921840 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 518882 | 518882 | 0 | 0 |  | 518882 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 13 | 13 | 249 | 249 |  | 262 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | California | California | 0 | 0 | 0 | 7546 | 7546 | 0 | 0 |  | 7546 |  |
| Georgia | Georgia | Georgia | Georgia | Georgia | 0 | 0 | 0 | 10277 | 10277 | 0 | 0 |  | 10277 |  |
| Illinois | Illinois | Illinois | Illinois | Illinois | 0 | 0 | 0 | 1070 | 1070 | 0 | 0 |  | 1070 |  |
| Indiana | Indiana | Indiana | Indiana | Indiana | 0 | 0 | 0 | 891 | 891 | 0 | 0 |  | 891 |  |
| Ohio | Ohio | Ohio | Ohio | Ohio | 0 | 0 | 0 | 11823 | 11823 | 0 | 0 |  | 11823 |  |
| Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | 0 | 0 | 0 | 12595 | 12595 | 0 | 0 |  | 12595 |  |
| Texas | Texas | Texas | Texas | Texas | 0 | 0 | 0 | 9989 | 9989 | 0 | 0 |  | 9989 |  |
| Washington | Washington | Washington | Washington | Washington | 0 | 0 | 0 | 999 | 999 | 0 | 0 |  | 999 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 275611 | 275611 | 0 | 0 |  | 275611 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 800759 | 800759 | 0 | 0 |  | 800759 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 7226 | 7226 | 0 | 0 |  | 7226 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 2951 | 2951 | 0 | 0 |  | 2951 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 636 | 636 | 0 | 0 |  | 636 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 11882 | 11882 | 0 | 0 |  | 11882 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 183546 | 183546 | 0 | 0 |  | 183546 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 0 | 1553 | 1553 |  | 1553 |  |
| Real Estate | Real Estate | Real Estate | Real Estate | Real Estate | 0 | 0 | 0 | 87 | 87 | 141 | 141 |  | 228 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 5474 | 5474 | 5474 | 101930 | 101930 | 0 | 0 |  | 107404 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 1538 | 1538 | 0 | 0 |  | 1538 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 1164 | 1164 | 0 | 0 |  | 1164 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 37997 | 37997 | 0 | 0 |  | 37997 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 53 | 53 | 0 | 0 |  | 53 |  |
|  |  |  |  |  | $5474 | 5474 | 5474 | $3696534 | 3696534 | $38028 | 38028 | $ | 3740036 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $65932 | 65932 | 65932 | $0 | 0 | $0 | 0 | $ | 65932 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $71406 | 71406 | 71406 | $3696534 | 3696534 | $38028 | 38028 | $ | 3805968 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 13 | 13 | 13 | 1628 | 1628 | 0 | 0 |  | 1641 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 6302 | 6302 | 0 | 0 |  | 6302 |  |
|  |  |  |  |  | $13 | 13 | 13 | $7930 | 7930 | $0 | 0 | $ | 7943 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (35) | (35) | (35) | (2639) | (2639) | 0 | 0 |  | (2674) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (6796) | (6796) | 0 | 0 |  | (6796) |  |
|  |  |  |  |  | $(35) | (35) | (35) | $(9435) | (9435) | $0 | 0 | $ | (9470) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(22) | (22) | (22) | $(1505) | (1505) | $0 | 0 | $ | (1527) |  |
| Totals | Totals | Totals | Totals | Totals | $71384 | 71384 | 71384 | $3695029 | 3695029 | $38028 | 38028 | $ | 3804441 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases  | Net<br>Sales/Settlement<sup>S</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | 18661 | $2918 | $(146) | $ | 15 | $0 | $ | 1302 | $0 | 0 | $(1777) | (1777) | $20973 | $1287 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 1998 | 6900 | (1900) |  | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 6998 | 27 |
| Industrials | 2374 | 6700 | (908) |  | 0 | 0 |  | 309 | 0 | 0 | (361) | (361) | 8114 | 164 |
| Convertible Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 0 | 236 | 0 |  | 63 | 0 |  | (50) | 0 | 0 | 0 | 0 | 249 | (50) |
| Asset-Backed Securities | 0 | 0 | 0 |  | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financials | 7 | 0 | 0 |  | 0 | 0 |  | (7) | 0 | 0 | 0 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Long-Term Credit Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 12 | 28 | 38 | 41 | 92 | 107 | 156 | 170 | 179 | 187 | 209 | 213 |
| Industrials | Industrials |  | 1752 | 0 |  |  | 0 | (199) | 0 | 0 |  | 1553 |  | (199) |
| Real Estate | Real Estate |  | 13 | 0 |  |  | 0 | 128 | 0 | 0 |  | 141 |  | 128 |
| Totals | Totals | $24805 | 24805 | 16754 | $ | $ | $0 | $1483 | $(2138) | (2138) | $ | 38028 | $ | 1357 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $18598 | 18598 | 18598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.939 - 5.690 | 3.939 - 5.690 | 3.939 - 5.690 | 4.193 | 4.193 |
|  |  |  |  | 15 | 15 | 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | - | - | - |  |  |
|  |  |  |  | 1645 | 1645 | 1645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
|  |  |  |  | 715 | 715 | 715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 42.500 - 100.250 | 42.500 - 100.250 | 42.500 - 100.250 | 68.564 | 68.564 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 6926 | 6926 | 6926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.690 - 6.230 | 4.690 - 6.230 | 4.690 - 6.230 | 5.080 | 5.080 |
|  |  |  |  | 72 | 72 | 72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | &nbsp;&nbsp;&nbsp;&nbsp; Expected Recovery | 6.000 | 6.000 | 6.000 |  |  |
| Industrials | Industrials | Industrials | Industrials | 8114 | 8114 | 8114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.990 - 5.350 | 4.990 - 5.350 | 4.990 - 5.350 | 5.096 | 5.096 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 249 | 249 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 16.000 - 21.500 | 16.000 - 21.500 | 16.000 - 21.500 | 16.757 | 16.757 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Industrials | Industrials | Industrials | Industrials | 1553 | 1553 | 1553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $0.563 - 22.563 | 0.563 - 22.563 | 0.563 - 22.563 | 22.197 | 22.197 |
| Real Estate | Real Estate | Real Estate | Real Estate | 141 | 141 | 141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | - | - | - |  |  |
| Total | Total | Total | Total | $38028 | 38028 | 38028 |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(2)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

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<br> Schedule of Investments PIMCO Long-Term Real Return Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 145.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | $6 | $6 |
|  |  | 6 |
| **INDUSTRIALS 0.6%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 1800 | 1903 |
| Total Corporate Bonds & Notes (Cost $1,806) |  | 1909 |
| **U.S. GOVERNMENT AGENCIES 19.8%**  |  |  |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.920% due 01/25/2026 | 823 | 821 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.229% due 05/15/2035 •  | 21 | 21 |
| 4.448% due 01/15/2047 •  | 753 | 738 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>4.269% due 09/25/2031 •  | 5 | 5 |
| **Federal National Mortgage Association**  |  |  |
| 4.000% due 07/01/2049 | 280 | 271 |
| 6.000% due 03/01/2054 | 3126 | 3212 |
| **Government National Mortgage Association**<br>3.500% due 12/20/2052 - 10/20/2054 | 10875 | 9971 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.818% due 01/20/2073 •  | 6650 | 6711 |
| 4.927% due 08/20/2068 •  | 1203 | 1212 |
| 5.078% due 11/20/2072 •  | 973 | 992 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 02/01/2056 | 16100 | 15705 |
| 5.500% due 02/01/2056 | 7375 | 7472 |
| 6.000% due 02/01/2056 | 9500 | 9750 |
| 6.500% due 02/01/2056 | 9300 | 9667 |
| Total U.S. Government Agencies (Cost $66,323) |  | 66548 |
| **U.S. TREASURY OBLIGATIONS 106.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (g) | 40 | 40 |
| **U.S. Treasury Inflation Protected Securities (a)** |  |  |
| 0.125% due 02/15/2051  | 28527 | 15429 |
| 0.125% due 02/15/2052  | 27136 | 14375 |
| 0.250% due 02/15/2050  | 28040 | 16162 |
| 0.625% due 02/15/2043  | 25988 | 19364 |
| 0.750% due 02/15/2042  | 32321 | 25191 |
| 0.750% due 02/15/2045  | 42643 | 31128 |
| 0.875% due 02/15/2047  | 26559 | 19172 |
| 1.000% due 02/15/2046  | 21780 | 16440 |
| 1.000% due 02/15/2048  | 19988 | 14617 |
| 1.000% due 02/15/2049  | 18878 | 13596 |
| 1.375% due 02/15/2044  | 38126 | 31958 |
| 1.500% due 02/15/2053  | 36476 | 28472 |
| 2.125% due 02/15/2040  | 15953 | 15808 |
| 2.125% due 02/15/2041  | 22193 | 21748 |
| 2.125% due 02/15/2054  | 32189 | 28953 |
| 2.375% due 02/15/2055  | 23939 | 22734 |
| 0.250% due 07/15/2029 (g) | 230 | 222 |
| 0.625% due 07/15/2032  | 3250 | 3050 |
| 1.375% due 07/15/2033  | 1179 | 1150 |
| 1.625% due 10/15/2029 (e) | 7761 | 7839 |
| 1.625% due 04/15/2030  | 307 | 309 |
| 1.750% due 01/15/2034  | 2648 | 2634 |
| 1.875% due 07/15/2034  | 311 | 313 |
| 1.875% due 07/15/2035  | 6997 | 6980 |
| 2.125% due 01/15/2035  | 619 | 630 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (g) | 64 | 65 |

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<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total U.S. Treasury Obligations (Cost $405,155) |  | 358379 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.7%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>3.885% due 01/25/2036 ~ | 7 | 6 |
| **Alliance Bancorp Trust** <br>4.326% due 07/25/2037 •  | 102 | 91 |
| **Banc of America Funding Trust**  |  |  |
| 2.372% due 03/20/2036 ~  | 28 | 27 |
| 4.390% due 01/20/2047 ~  | 1279 | 1105 |
| 4.426% due 07/25/2037 •  | 533 | 514 |
| **Banc of America Mortgage Trust** <br>5.105% due 11/25/2035 ~ | 4 | 4 |
| **BCAP LLC Trust** <br>4.286% due 05/25/2047 •  | 118 | 110 |
| **Bear Stearns ALT-A Trust** <br>4.791% due 09/25/2035 ~ | 120 | 64 |
| **Bear Stearns ALT-A Trust II** <br>4.192% due 09/25/2047 ~ | 1587 | 744 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.214% due 07/25/2036 ~  | 9 | 8 |
| 4.422% due 02/25/2036 ~  | 4 | 4 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 6.000% due 03/25/2037  | 790 | 342 |
| 6.449% due 02/20/2036 •  | 26 | 25 |
| **CIM Trust** <br>4.989% due 02/25/2049 •  | 11 | 10 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.159% due 12/25/2035 ~  | 126 | 77 |
| 4.607% due 03/25/2037 ~  | 100 | 87 |
| 5.840% due 09/25/2035 •  | 1 | 1 |
| 6.490% due 05/25/2035 •  | 1 | 1 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.735% due 02/25/2037 ~  | 44 | 40 |
| 5.029% due 12/25/2035 •  | 74 | 64 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ | 471 | 270 |
| **DSLA Mortgage Loan Trust** <br>4.366% due 08/19/2045 •  | 37 | 34 |
| **First Horizon Alternative Mortgage Securities Trust** <br>6.000% due 02/25/2037 | 24 | 9 |
| **GMACM Mortgage Loan Trust** <br>3.724% due 11/19/2035 ~ | 24 | 21 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.941% due 12/25/2036 ~ | 399 | 304 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.248% due 12/15/2031 •  | 221 | 220 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.506% due 09/25/2029 •  | 5 | 5 |
| **MortgageIT Securities Corp. Mortgage Loan Trust** <br>4.346% due 09/25/2037 •  | 278 | 213 |
| **New Residential Mortgage Loan Trust** <br>4.500% due 05/25/2058 ~ | 121 | 119 |
| **RALI Trust**  |  |  |
| 4.206% due 06/25/2046 •  | 149 | 30 |
| 5.007% due 10/25/2037 ~  | 148 | 118 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.246% due 05/25/2035 •  | 152 | 90 |
| 5.750% due 02/25/2036  | 781 | 538 |
| 5.750% due 03/25/2037  | 106 | 31 |
| 6.500% due 06/25/2037  | 3332 | 616 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>4.600% due 07/25/2035 ~ | 33 | 29 |
| **Structured Asset Mortgage Investments II Trust** <br>4.266% due 04/25/2036 •  | 2 | 2 |
| **Thornburg Mortgage Securities Trust** <br>4.586% due 09/25/2034 •  | 40 | 38 |
| **Towd Point Mortgage Trust** <br>4.846% due 05/25/2058 •  | 32 | 33 |
| **Wachovia Mortgage Loan Trust LLC** <br>6.708% due 10/20/2035 ~ | 10 | 9 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.167% due 11/25/2036 ~  | 368 | 321 |
| 4.325% due 08/25/2036 ~  | 23 | 21 |
| 4.386% due 12/25/2045 •  | 30 | 28 |
| 5.450% due 09/25/2033 ~  | 15 | 15 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 6.000% due 06/25/2037  | 2305 | 1806 |
| 6.500% due 08/25/2035  | 9 | 7 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 5.851% due 11/25/2037 ~  | 24 | 22 |

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<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.064% due 04/25/2036 ~  | 614 | 609 |
| Total Non-Agency Mortgage-Backed Securities (Cost $12,147) |  | 8882 |
| **ASSET-BACKED SECURITIES 8.0%**  |  |  |
| **CMBS OTHER 2.1%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.215% due 11/15/2036 •  | 1532 | 1542 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 2399 | 2400 |
| **MF1 Ltd.** <br>4.929% due 10/16/2036 •  | 1795 | 1793 |
| **Starwood Ltd.** <br>5.049% due 04/18/2038 •  | 1425 | 1426 |
|  |  | 7161 |
| **HOME EQUITY OTHER 3.1%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>3.966% due 10/25/2036 •  | 21 | 8 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>2.804% due 06/25/2033 •  | 700 | 685 |
| **C-BASS Trust** <br>3.966% due 11/25/2036 •  | 15 | 7 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 1786 | 1815 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.306% due 12/25/2036 •  | 65 | 46 |
| **Countrywide Asset-Backed Certificates** <br>4.346% due 03/25/2037 •  | 66 | 65 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.036% due 11/25/2037 •  | 677 | 654 |
| 4.096% due 02/25/2036 •  | 1098 | 1073 |
| 4.126% due 05/25/2035 •  | 9 | 8 |
| 4.126% due 07/25/2037 •  | 10 | 9 |
| 4.586% due 08/25/2047 •  | 92 | 91 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>4.326% due 07/25/2037 •  | 390 | 262 |
| **Ellington Loan Acquisition Trust** <br>4.946% due 05/25/2037 •  | 427 | 420 |
| **Fremont Home Loan Trust** <br>4.116% due 10/25/2036 •  | 35 | 32 |
| **GSAA Trust** <br>6.720% due 03/25/2046 þ | 169 | 88 |
| **GSAMP Trust** <br>4.821% due 03/25/2035 •  | 178 | 173 |
| **Home Equity Asset Trust**  |  |  |
| 4.521% due 02/25/2036 •  | 939 | 928 |
| 4.701% due 08/25/2034 •  | 6 | 6 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.066% due 04/25/2037 •  | 65 | 52 |
| **JP Morgan Mortgage Acquisition Corp.** <br>4.356% due 02/25/2036 •  | 403 | 401 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.266% due 10/25/2036 •  | 6 | 6 |
| **Long Beach Mortgage Loan Trust** <br>4.086% due 08/25/2036 •  | 81 | 32 |
| **MASTR Specialized Loan Trust** <br>5.646% due 07/25/2035 •  | 491 | 632 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>3.976% due 10/25/2036 •  | 71 | 64 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.380% due 11/25/2036 •  | 587 | 228 |
| **Option One Mortgage Loan Trust** <br>4.626% due 02/25/2035 •  | 180 | 173 |
| **Renaissance Home Equity Loan Trust** <br>4.946% due 09/25/2037 •  | 376 | 150 |
| **Saxon Asset Securities Trust** <br>4.281% due 09/25/2036 •  | 2032 | 1960 |
| **Soundview Home Loan Trust**  |  |  |
| 3.966% due 11/25/2036 •  | 251 | 68 |
| 4.026% due 07/25/2037 •  | 121 | 112 |
| 4.046% due 06/25/2037 •  | 288 | 200 |
| 4.406% due 05/25/2036 •  | 51 | 50 |
|  |  | 10498 |
| **WHOLE LOAN COLLATERAL 0.3%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.341% due 10/25/2036 •  | 300 | 297 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.986% due 07/25/2036 •  | 88 | 28 |
| **Lehman XS Trust**  |  |  |
| 4.377% due 06/25/2036 þ  | 34 | 33 |

---

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<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.146% due 12/25/2037 •  | 475 | 481 |
|  |  | 839 |
| **OTHER ABS 2.5%**  |  |  |
| **Avoca Static CLO I DAC** <br>2.996% due 01/15/2035 •  | 1301 | 1529 |
| **LCM Loan Income Fund I Ltd.** <br>5.176% due 04/20/2031 •  | $114 | 114 |
| **Man GLG Euro CLO V DAC** <br>2.790% due 12/15/2031 •  | 173 | 203 |
| **PPM CLO 5 Ltd.** <br>4.998% due 10/18/2034 •  | $1800 | 1800 |
| **Symphony CLO XXV Ltd.** <br>4.874% due 04/19/2034 •  | 1800 | 1800 |
| **TIAA CLO IV Ltd.** <br>5.024% due 01/20/2032 •  | 598 | 598 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 1850 | 2176 |
|  |  | 8220 |
| Total Asset-Backed Securities (Cost $26,864) |  | 26718 |
| **SOVEREIGN ISSUES 6.8%**  |  |  |
| **Canada Government Real Return Bonds** <br>4.250% due 12/01/2026 (a) | 941 | 708 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (a)  | 249 | 285 |
| 0.650% due 05/15/2026 (a)  | 4915 | 5745 |
| 1.300% due 05/15/2028 (a)  | 5403 | 6408 |
| 1.800% due 05/15/2036 (a)  | 104 | 122 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.005% due 03/10/2034 (a)  | 147232 | 922 |
| 0.100% due 03/10/2028 (a)  | 196486 | 1277 |
| 0.100% due 03/10/2029 (a)  | 1148223 | 7451 |
| Total Sovereign Issues (Cost $24,639) |  | 22918 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 (b) | 160000 | 162 |
| Total Preferred Securities (Cost $160) |  | 162 |
| **SHORT-TERM INSTRUMENTS 0.2%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (c) | 552067 | 552 |
| Total Short-Term Instruments (Cost $552) |  | 552 |
| Total Investments in Securities (Cost $537,646) |  | 486068 |
| **INVESTMENTS IN AFFILIATES 0.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 45396 | 442 |
| Total Short-Term Instruments (Cost $442) |  | 442 |
| Total Investments in Affiliates (Cost $442) |  | 442 |
| Total Investments 145.1% (Cost $538,088) |  | $486510 |
| **Financial Derivative Instruments (d)(e) (0.1)**%(Cost or Premiums, net $(66)) |  | (322) |
| Other Assets and Liabilities, net (45.0)% |  | (150820) |
| Net Assets 100.0% |  | $335368 |

---

------

<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(b)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(c)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOO | BOO | BOO | 3.950%  | 3.950%  | 12/31/2025 | 12/31/2025 | 01/02/2026 | 01/02/2026 | (1126) | (1126) | $ | (1126) |
| BSN | BSN | BSN | 3.810  | 3.810  | 01/02/2026 | 01/02/2026 | 01/16/2026 | 01/16/2026 | (114296) | (114296) |  | (114296) |
|  |  |  | 3.930  | 3.930  | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | (42853) | (42853) |  | (42924) |
| DEU | DEU | DEU | 3.920  | 3.920  | 12/19/2025 | 12/19/2025 | 01/02/2026 | 01/02/2026 | (172) | (172) |  | (172) |
| STR | STR | STR | 3.930  | 3.930  | 12/31/2025 | 12/31/2025 | 01/02/2026 | 01/02/2026 | (67196) | (67196) |  | (67211) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | **$** | **(225729)** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(136177) at a weighted average interest rate of 4.434%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(114296) is outstanding at period end. |
| **(d)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Brent Crude September Futures  | Brent Crude September Futures  | 07/2026 | 07/2026 | 1 | 1 | $60 | 60 | $(1) | (1) | $0 | 0 | $(1) |
| California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | 12/2026 | 12/2026 | 42 | 42 | 1382 | 1382 | 26 | 26 | 6 | 6 | 0 |
| Carbon Emissions December Futures  | Carbon Emissions December Futures  | 12/2026 | 12/2026 | 1 | 1 | 103 | 103 | 5 | 5 | 0 | 0 | 0 |
| Cocoa July Futures  | Cocoa July Futures  | 07/2026 | 07/2026 | 1 | 1 | 61 | 61 | 2 | 2 | 0 | 0 | 0 |
| Cocoa March Futures  | Cocoa March Futures  | 03/2026 | 03/2026 | 1 | 1 | 61 | 61 | 2 | 2 | 0 | 0 | 0 |
| Copper March Futures  | Copper March Futures  | 03/2026 | 03/2026 | 1 | 1 | 142 | 142 | 12 | 12 | 0 | 0 | (2) |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 20 | 20 | 2730 | 2730 | (19) | (19) | 0 | 0 | (2) |
| Euro-BTP Future March Futures  | Euro-BTP Future March Futures  | 03/2026 | 03/2026 | 25 | 25 | 3531 | 3531 | (8) | (8) | 0 | 0 | (11) |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 9 | 9 | 1165 | 1165 | (19) | (19) | 0 | 0 | (4) |
| Gas Oil June Futures  | Gas Oil June Futures  | 06/2026 | 06/2026 | 2 | 2 | 120 | 120 | (5) | (5) | 0 | 0 | (1) |
| Iron Ore March Futures  | Iron Ore March Futures  | 03/2026 | 03/2026 | 6 | 6 | 63 | 63 | 3 | 3 | 0 | 0 | 0 |
| Live Cattle April Futures  | Live Cattle April Futures  | 04/2026 | 04/2026 | 4 | 4 | 372 | 372 | 6 | 6 | 2 | 2 | 0 |
| LME Aluminum January Futures  | LME Aluminum January Futures  | 01/2026 | 01/2026 | 7 | 7 | 521 | 521 | 35 | 35 | 0 | 0 | 0 |
| LME Aluminum March Futures  | LME Aluminum March Futures  | 03/2026 | 03/2026 | 3 | 3 | 225 | 225 | 6 | 6 | 0 | 0 | (13) |
| LME Lead January Futures  | LME Lead January Futures  | 01/2026 | 01/2026 | 6 | 6 | 297 | 297 | (8) | (8) | 0 | 0 | 0 |
| LME Lead March Futures  | LME Lead March Futures  | 03/2026 | 03/2026 | 1 | 1 | 50 | 50 | 0 | 0 | 4 | 4 | (1) |
| LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 01/2026 | 2 | 2 | 199 | 199 | 20 | 20 | 0 | 0 | 0 |
| LME Nickel March Futures  | LME Nickel March Futures  | 03/2026 | 03/2026 | 1 | 1 | 100 | 100 | 13 | 13 | 0 | 0 | 0 |
| LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 01/2026 | 4 | 4 | 309 | 309 | 14 | 14 | 0 | 0 | 0 |
| LME Zinc March Futures  | LME Zinc March Futures  | 03/2026 | 03/2026 | 3 | 3 | 234 | 234 | 8 | 8 | 8 | 8 | 0 |
| New York Harbor June Futures  | New York Harbor June Futures  | 05/2026 | 05/2026 | 1 | 1 | 85 | 85 | (4) | (4) | 0 | 0 | (1) |
| RBOB Gasoline June Futures  | RBOB Gasoline June Futures  | 05/2026 | 05/2026 | 2 | 2 | 164 | 164 | (2) | (2) | 0 | 0 | (1) |
| Soybean March Futures  | Soybean March Futures  | 03/2026 | 03/2026 | 2 | 2 | 105 | 105 | (9) | (9) | 0 | 0 | (1) |
| Soybean Meal March Futures  | Soybean Meal March Futures  | 03/2026 | 03/2026 | 16 | 16 | 479 | 479 | (43) | (43) | 0 | 0 | (5) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 16 | 16 | 1749 | 1749 | (1) | (1) | 0 | 0 | (2) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 138 | 138 | 16284 | 16284 | (202) | (202) | 0 | 0 | (52) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 67 | 67 | 7706 | 7706 | (32) | (32) | 0 | 0 | (12) |
|  |  |  |  |  |  |  |  | (201) | $ | 20 | $ | (109) |

---

------

<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Arabica Coffee March Futures  | Arabica Coffee March Futures  | Arabica Coffee March Futures  | Arabica Coffee March Futures  | Arabica Coffee March Futures  | 03/2026 | 03/2026 | 1 | $ | (131) | $1 | 1 | 1 | 1 | 1 | 0 |
| Corn July Futures  | Corn July Futures  | Corn July Futures  | Corn July Futures  | Corn July Futures  | 07/2026 | 07/2026 | 11 |  | (250) | 2 | 2 | 0 | 0 | 0 | 0 |
| Corn March Futures  | Corn March Futures  | Corn March Futures  | Corn March Futures  | Corn March Futures  | 03/2026 | 03/2026 | 23 |  | (506) | (5) | (5) | 0 | 0 | 0 | 0 |
| Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | 07/2026 | 07/2026 | 6 |  | (200) | (2) | (2) | 0 | 0 | 0 | 0 |
| Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | 03/2026 | 03/2026 | 3 |  | (96) | 3 | 3 | 0 | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 32 |  | (4797) | 66 | 66 | 9 | 9 | 9 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 106 |  | (15022) | 139 | 139 | 36 | 36 | 36 | 0 |
| Gold 100 oz. February Futures  | Gold 100 oz. February Futures  | Gold 100 oz. February Futures  | Gold 100 oz. February Futures  | Gold 100 oz. February Futures  | 02/2026 | 02/2026 | 3 |  | (1302) | (50) | (50) | 13 | 13 | 13 | 0 |
| Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | 03/2026 | 03/2026 | 5 |  | (129) | 2 | 2 | 2 | 2 | 2 | 0 |
| Lean Hogs April Futures  | Lean Hogs April Futures  | Lean Hogs April Futures  | Lean Hogs April Futures  | Lean Hogs April Futures  | 04/2026 | 04/2026 | 5 |  | (180) | (4) | (4) | 1 | 1 | 1 | 0 |
| LME Aluminum January Futures  | LME Aluminum January Futures  | LME Aluminum January Futures  | LME Aluminum January Futures  | LME Aluminum January Futures  | 01/2026 | 01/2026 | 7 |  | (521) | (45) | (45) | 0 | 0 | 0 | 0 |
| LME Aluminum March Futures  | LME Aluminum March Futures  | LME Aluminum March Futures  | LME Aluminum March Futures  | LME Aluminum March Futures  | 03/2026 | 03/2026 | 6 |  | (449) | (27) | (27) | 0 | 0 | 0 | 0 |
| LME Lead January Futures  | LME Lead January Futures  | LME Lead January Futures  | LME Lead January Futures  | LME Lead January Futures  | 01/2026 | 01/2026 | 6 |  | (297) | 2 | 2 | 0 | 0 | 0 | 0 |
| LME Lead March Futures  | LME Lead March Futures  | LME Lead March Futures  | LME Lead March Futures  | LME Lead March Futures  | 03/2026 | 03/2026 | 6 |  | (301) | 3 | 3 | 0 | 0 | 0 | 0 |
| LME Nickel January Futures  | LME Nickel January Futures  | LME Nickel January Futures  | LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 01/2026 | 2 |  | (199) | (16) | (16) | 0 | 0 | 0 | 0 |
| LME Nickel March Futures  | LME Nickel March Futures  | LME Nickel March Futures  | LME Nickel March Futures  | LME Nickel March Futures  | 03/2026 | 03/2026 | 1 |  | (100) | (9) | (9) | 0 | 0 | 0 | 0 |
| LME Zinc January Futures  | LME Zinc January Futures  | LME Zinc January Futures  | LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 01/2026 | 4 |  | (309) | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 17 |  | (2094) | (17) | (17) | 2 | 2 | 2 | (4) |
| Natural Gas July Futures  | Natural Gas July Futures  | Natural Gas July Futures  | Natural Gas July Futures  | Natural Gas July Futures  | 06/2026 | 06/2026 | 1 |  | (37) | 4 | 4 | 1 | 1 | 1 | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 02/2026 | 3 |  | (94) | 19 | 19 | 6 | 6 | 6 | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 02/2026 | 5 |  | (121) | (2) | (2) | 0 | 0 | 0 | (2) |
| Soybean July Futures  | Soybean July Futures  | Soybean July Futures  | Soybean July Futures  | Soybean July Futures  | 07/2026 | 07/2026 | 2 |  | (107) | 1 | 1 | 1 | 1 | 1 | 0 |
| Soybean Oil July Futures  | Soybean Oil July Futures  | Soybean Oil July Futures  | Soybean Oil July Futures  | Soybean Oil July Futures  | 07/2026 | 07/2026 | 2 |  | (59) | 0 | 0 | 1 | 1 | 1 | 0 |
| Soybean Oil March Futures  | Soybean Oil March Futures  | Soybean Oil March Futures  | Soybean Oil March Futures  | Soybean Oil March Futures  | 03/2026 | 03/2026 | 3 |  | (87) | 5 | 5 | 2 | 2 | 2 | 0 |
| Sugar No. 11 July Futures  | Sugar No. 11 July Futures  | Sugar No. 11 July Futures  | Sugar No. 11 July Futures  | Sugar No. 11 July Futures  | 06/2026 | 06/2026 | 12 |  | (198) | (3) | (3) | 0 | 0 | 0 | (1) |
| Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | 02/2026 | 02/2026 | 1 |  | (17) | 1 | 1 | 0 | 0 | 0 | 0 |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 223 |  | (46560) | (58) | (58) | 16 | 16 | 16 | 0 |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 41 |  | (4610) | 8 | 8 | 8 | 8 | 8 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 181 |  | (20922) | 130 | 130 | 40 | 40 | 40 | 0 |
| Wheat July Futures  | Wheat July Futures  | Wheat July Futures  | Wheat July Futures  | Wheat July Futures  | 07/2026 | 07/2026 | 2 |  | (53) | 0 | 0 | 0 | 0 | 0 | 0 |
| Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | 03/2026 | 03/2026 | 9 |  | (228) | 9 | 9 | 2 | 2 | 2 | 0 |
| Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | 03/2026 | 03/2026 | 1 |  | (11) | 0 | 0 | 0 | 0 | 0 | 0 |
| White Sugar May Futures  | White Sugar May Futures  | White Sugar May Futures  | White Sugar May Futures  | White Sugar May Futures  | 04/2026 | 04/2026 | 1 |  | (21) | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | 157 | $ | 141 | 141 | $ | (7) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(44)** | **$** | **161** | **161** | **$** | **(116)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 09/17/2030 | 09/17/2030 | GBP | 18100 | 18100 | $(94) | 194 | 100 | 100 | $20 | 20 | $0 |
| Pay<sup>(1)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.750 | Annual | 03/18/2031 | 03/18/2031 |  | 6200 | 6200 | 27 | 6 | 33 | 33 | 8 | 8 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 09/20/2027 | 09/20/2027 | JPY | 64000 | 64000 | (1) | 7 | 6 | 6 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 03/20/2028 | 03/20/2028 |  | 60000 | 60000 | (1) | 9 | 8 | 8 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | 09/14/2028 | 09/14/2028 |  | 590000 | 590000 | (7) | 78 | 71 | 71 | 3 | 3 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | Semi-Annual | 03/20/2029 | 03/20/2029 |  | 274770 | 274770 | (15) | 68 | 53 | 53 | 2 | 2 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 12/15/2031 |  | 420000 | 420000 | 8 | 156 | 164 | 164 | 5 | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.300 | Semi-Annual | 11/15/2028 | 11/15/2028 | $ | $1240 | 1240 | (16) | (32) | (48) | (48) | 0 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 11/21/2028 |  | 9100 | 9100 | (115) | (224) | (339) | (339) | 0 | 0 | (10) |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 05/31/2030 |  | 2754 | 2754 | 0 | 12 | 12 | 12 | 4 | 4 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 05/31/2030 |  | 3619 | 3619 | 4 | 0 | 4 | 4 | 5 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 |  | 11692 | 11692 | (12) | (105) | (117) | (117) | 21 | 21 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.085 | Annual | 02/13/2034 | 02/13/2034 |  | 2700 | 2700 | (25) | (117) | (142) | (142) | 0 | 0 | (6) |

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------

<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 03/19/2035 | 2000 |  | 139 |  | (45) |  | 94 |  | 4 | 4 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.285 | Semi-Annual | Semi-Annual | 11/15/2053 | 1000 |  | 63 |  | 299 |  | 362 |  | 3 | 3 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | Annual | 11/15/2053 | 2900 |  | 41 |  | 40 |  | 81 |  | 10 | 10 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | Annual | 11/15/2053 | 2508 |  | 19 |  | 24 |  | 43 |  | 9 | 9 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | Semi-Annual | 11/21/2053 | 1130 |  | 70 |  | 348 |  | 418 |  | 3 | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | Annual | 02/13/2054 | 9500 |  | 182 |  | 2014 |  | 2196 |  | 28 | 28 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 06/20/2054 | 2300 |  | 61 |  | 211 |  | 272 |  | 7 | 7 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.112 | Annual | Annual | 09/02/2027 | 3500 |  | 0 |  | 8 |  | 8 |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.120 | Annual | Annual | 09/03/2027 | 5500 |  | 0 |  | 12 |  | 12 |  | 1 | 1 |  | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 | 21900 |  | (5) |  | (458) |  | (463) |  | 0 | 0 |  | (30) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.190 | Annual | Annual | 11/04/2052 | 2100 |  | 130 |  | 1263 |  | 1393 |  | 5 | 5 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.195 | Annual | Annual | 11/04/2052 | 2200 |  | 1 |  | 1456 |  | 1457 |  | 5 | 5 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.197 | Annual | Annual | 11/08/2052 | 3860 |  | 241 |  | 2312 |  | 2553 |  | 9 | 9 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 | 2180 |  | (33) |  | 163 |  | 130 |  | 7 | 7 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.975 | Maturity | Maturity | 08/15/2027 | 2100 |  | 8 |  | (36) |  | (28) |  | 0 | 0 |  | (1) |
| Pay | Pay | CPTFEMU | CPTFEMU | 1.380 | Maturity | Maturity | 03/15/2031 | 540 |  | (5) |  | (107) |  | (112) |  | 1 | 1 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.600 | Maturity | Maturity | 05/15/2032 | 340 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.049 | Maturity | Maturity | 08/15/2034 | 2600 |  | (1) |  | (46) |  | (47) |  | 0 | 0 |  | (2) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.034 | Maturity | Maturity | 09/15/2034 | 1800 |  | (6) |  | (23) |  | (29) |  | 0 | 0 |  | (1) |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.487 | Maturity | Maturity | 05/15/2037 | 40 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.580 | Maturity | Maturity | 03/15/2052 | 300 |  | 0 |  | 17 |  | 17 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 03/15/2052 | 900 |  | (7) |  | 61 |  | 54 |  | 3 | 3 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.421 | Maturity | Maturity | 05/15/2052 | 80 |  | 0 |  | 2 |  | 2 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 12/15/2052 | 900 |  | 0 |  | 106 |  | 106 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.700 | Maturity | Maturity | 04/15/2053 | 800 |  | 5 |  | 124 |  | 129 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.763 | Maturity | Maturity | 09/15/2053 | 600 |  | 3 |  | 107 |  | 110 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.682 | Maturity | Maturity | 10/15/2053 | 300 |  | 0 |  | 47 |  | 47 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.736 | Maturity | Maturity | 10/15/2053 | 400 |  | 4 |  | 65 |  | 69 |  | 1 | 1 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.703 | Maturity | Maturity | 05/25/2026 | 4110 |  | 1 |  | 399 |  | 400 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.997 | Maturity | Maturity | 07/25/2029 | 2300 |  | 2 |  | (339) |  | (337) |  | 0 | 0 |  | (4) |
| Pay | Pay | CPURNSA | CPURNSA | 1.882 | Maturity | Maturity | 11/20/2029 | 9400 |  | 10 |  | (1523) |  | (1513) |  | 0 | 0 |  | (14) |
| Receive | Receive | CPURNSA | CPURNSA | 2.311 | Maturity | Maturity | 02/24/2031 | 3700 |  | 3 |  | 444 |  | 447 |  | 7 | 7 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.668 | Maturity | Maturity | 05/14/2031 | 5000 |  | 0 |  | 394 |  | 394 |  | 9 | 9 |  | 0 |
| Receive | Receive | UKRPI | UKRPI | 3.365 | Maturity | Maturity | 09/15/2027 | 1700 |  | 0 |  | (23) |  | (23) |  | 0 | 0 |  | (1) |
| Pay | Pay | UKRPI | UKRPI | 3.500 | Maturity | Maturity | 08/15/2034 | 1900 |  | 11 |  | 85 |  | 96 |  | 2 | 2 |  | 0 |
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 800 |  | 0 |  | 36 |  | 36 |  | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $690 | 690 | $7488 | 7488 | $8178 | 8178 | $189 | 189 | 189 | $(70) | (70) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**690** | **690** | $**7488** | **7488** | $**8178** | **8178** | $**189** | **189** | **189** | $**(70)** | **(70)** |
| **(e)** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $2,462 and cash of $1,158 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(2)</sup> | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. | Unsettled variation margin liability of $(8) for closed futures is outstanding at period end. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $532 | 532 | JPY | 82660 | 82660 | 82660 | 0 | 0 | 0 | 0 | $(4) | (4) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | KRW | 150154 | 150154 | $ | $103 | 103 | 103 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 622 | 622 |  | 170 | 170 | 170 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 1948 | 1948 |  | 60 | 60 | 60 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 10059 | 10059 |  | 330 | 330 | 330 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $205 | 205 | EUR | 174 | 174 | 174 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 760 | 760 | PLN | 2781 | 2781 | 2781 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 34 | 34 | TWD | 1076 | 1076 | 1076 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 130 | 130 | ZAR | 2167 | 2167 | 2167 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 531 | 531 | $ | $167 | 167 | 167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $48 | 48 | MXN | 885 | 885 | 885 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 1427 | 1427 | $ | $928 | 928 | 928 | 0 | 0 | 0 | 0 | (25) | (25) | (25) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 64 | 64 |  | 81 | 81 | 81 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 5027 | 5027 |  | 713 | 713 | 713 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | IDR | 555676 | 555676 |  | 33 | 33 | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 1476 | 1476 |  | 455 | 455 | 455 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 44613 | 44613 |  | 495 | 495 | 495 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 54500 | 54500 |  | 353 | 353 | 353 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 803 | 456 | 0 | (6) |
|  | 01/2026  | 830 | 227 | 0 | (4) |
|  | 01/2026  | 34085 | 1122 | 36 | 0 |
|  | 01/2026  | $238 | 326 | 0 | 0 |
|  | 01/2026  | 1031 | 7212 | 3 | 0 |
|  | 01/2026  | 70 | 6324 | 0 | 0 |
|  | 01/2026  | 712 | 2594 | 11 | 0 |
|  | 01/2026  | 1193 | 37451 | 2 | (2) |
|  | 01/2026  | 289 | 4811 | 2 | 0 |
|  | 01/2026  | 2020 | $121 | 0 | (1) |
|  | 02/2026  | $159 | 14309 | 0 | 0 |
|  | 02/2026  | 404 | 12673 | 0 | (1) |
|  | 03/2026  | 6641 | $214 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 167 | 194 | 0 | (3) |
|  | 01/2026  | 226 | 70 | 0 | (1) |
|  | 01/2026  | $19 | 69 | 0 | 0 |
|  | 01/2026  | 23 | 391 | 1 | 0 |
|  | 02/2026  | 236 | $73 | 0 | (1) |
|  | 03/2026  | $417 | 7718 | 9 | 0 |
|  | 03/2026  | 1828 | 84099 | 16 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 272636 | $1752 | 10 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 396 | 461 | 0 | (4) |
|  | 01/2026  | 311 | 179 | 0 | 0 |
|  | 01/2026  | 51732 | 1702 | 55 | 0 |
|  | 01/2026  | $437 | 3051 | 1 | 0 |
|  | 01/2026  | 2971 | 265520 | 2 | (27) |
|  | 01/2026  | 50 | 179 | 0 | 0 |
|  | 01/2026  | 0 | 3 | 0 | 0 |
|  | 01/2026  | 361 | 11279 | 0 | (2) |
|  | 02/2026  | 417 | $131 | 0 | 0 |
|  | 02/2026  | $10 | 324 | 0 | 0 |
|  | 03/2026  | 7218 | $232 | 2 | 0 |
|  | 03/2026  | $257 | 8078 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 395 | $123 | 0 | (1) |
|  | 01/2026  | 320955 | 219 | 0 | (3) |
|  | 01/2026  | 260 | 150 | 1 | 0 |
|  | 01/2026  | $259 | 827 | 0 | 0 |
|  | 01/2026  | 912 | 81206 | 0 | (11) |
|  | 01/2026  | 458 | 672674 | 9 | 0 |
|  | 01/2026  | 160 | 2713 | 4 | 0 |
|  | 02/2026  | 826 | $259 | 0 | 0 |
|  | 02/2026  | $14 | 437 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 2909 | $1890 | 0 | (52) |
|  | 01/2026  | 72 | 90 | 0 | (1) |
|  | 01/2026  | 2506 | 356 | 0 | (4) |
|  | 01/2026  | 754 | 432 | 0 | (2) |
|  | 01/2026  | $137 | 440 | 1 | 0 |
|  | 01/2026  | 1346 | 24960 | 37 | 0 |
|  | 01/2026  | 680 | 2498 | 16 | 0 |
|  | 01/2026  | 207 | 3485 | 3 | 0 |
|  | 02/2026  | 440 | $137 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 277 | 86 | 0 | (1) |
|  | 01/2026  | $280 | 225 | 4 | 0 |
|  | 01/2026  | 351 | 2474 | 4 | 0 |
|  | 01/2026  | 194 | 708 | 3 | 0 |
|  | 01/2026  | 70 | 2237 | 1 | 0 |
|  | 01/2026  | 21 | 359 | 1 | 0 |
|  | 02/2026  | 1100 | $199 | 0 | 0 |
|  | 02/2026  | $263 | 4874 | 7 | 0 |
|  | 03/2026  | 123 | $22 | 0 | 0 |
|  | 03/2026  | $4066 | 22531 | 0 | (8) |
|  | 03/2026  | 197 | 3659 | 5 | 0 |
|  | 04/2026  | 407 | 7512 | 6 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 10432 | $1481 | 0 | (16) |
|  | 01/2026  | 2337 | 716 | 0 | (18) |
|  | 01/2026  | 15029 | 169 | 2 | 0 |
|  | 01/2026  | 126709 | 88 | 0 | 0 |
|  | 01/2026  | 483 | 47 | 0 | (1) |
|  | 01/2026  | 449 | 260 | 2 | 0 |
|  | 01/2026  | 1503 | 410 | 0 | (9) |
|  | 01/2026  | $410 | 2883 | 3 | 0 |
|  | 01/2026  | 367 | 32658 | 0 | (4) |
|  | 01/2026  | 617 | 2267 | 15 | 0 |
|  | 02/2026  | 88 | 126543 | 0 | (1) |
|  | 02/2026  | 453 | 8400 | 11 | 0 |
|  | 03/2026  | 267 | 4890 | 3 | 0 |
|  | 04/2026  | 153 | 2821 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 4887 | $3472 | 0 | (90) |
|  | 01/2026  | 95 | 120 | 0 | 0 |
|  | 01/2026  | 253 | 340 | 0 | (1) |
|  | 01/2026  | 80130 | 516 | 4 | 0 |
|  | 01/2026  | 311 | 180 | 1 | 0 |
|  | 01/2026  | 5440 | 4193 | 0 | (42) |
|  | 01/2026  | $56 | 5034 | 0 | 0 |
|  | 01/2026  | 137 | 503 | 3 | 0 |
|  | 01/2026  | 121 | 3908 | 3 | 0 |

---

------

<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 01/2026  | 01/2026  |  |  | 53 | TWD | 1659 | 1659 | 1659 |  | 0 | 0 | 0 |  | 0 |
|  |  |  | 02/2026  | 02/2026  |  |  | 121 | MXN | 2236 | 2236 | 2236 |  | 3 | 3 | 3 |  | 0 |
|  |  |  | 03/2026  | 03/2026  |  |  | 111 |  | 2047 | 2047 | 2047 |  | 2 | 2 | 2 |  | 0 |
|  |  |  | 04/2026  | 04/2026  |  |  | 121 |  | 2238 | 2238 | 2238 |  | 2 | 2 | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  |  |  | 3 | JPY | 457 | 457 | 457 |  | 0 | 0 | 0 |  | 0 |
|  |  |  | 02/2026  | 02/2026  | ILS | ILS | 837 | $ | 260 | 260 | 260 |  | 0 | 0 | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | KRW | KRW | 526134 |  | 360 | 360 | 360 |  | 0 | 0 | 0 |  | (5) |
|  |  |  | 01/2026  | 01/2026  | $ | $ | 307 | KRW | 451208 | 451208 | 451208 |  | 6 | 6 | 6 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | CNH | CNH | 4997 | $ | 709 | 709 | 709 |  | 0 | 0 | 0 |  | (8) |
|  |  |  | 01/2026  | 01/2026  | IDR | IDR | 924242 |  | 55 | 55 | 55 |  | 0 | 0 | 0 |  | 0 |
|  |  |  | 01/2026  | 01/2026  | INR | INR | 2728 |  | 30 | 30 | 30 |  | 0 | 0 | 0 |  | 0 |
|  |  |  | 01/2026  | 01/2026  | JPY | JPY | 370690 |  | 2379 | 2379 | 2379 |  | 11 | 11 | 11 |  | 0 |
|  |  |  | 01/2026  | 01/2026  | TWD | TWD | 10905 |  | 358 | 358 | 358 |  | 11 | 11 | 11 |  | 0 |
|  |  |  | 01/2026  | 01/2026  | $ | $ | 49 | INR | 4449 | 4449 | 4449 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | EUR | EUR | 14514 | $ | 16804 | 16804 | 16804 |  | 0 | 0 | 0 |  | (260) |
|  |  |  | 01/2026  | 01/2026  | JPY | JPY | 791153 |  | 5059 | 5059 | 5059 |  | 4 | 4 | 4 |  | 0 |
|  |  |  | 01/2026  | 01/2026  | $ | $ | 1981 | GBP | 1513 | 1513 | 1513 |  | 58 | 58 | 58 |  | 0 |
|  |  |  | 02/2026  | 02/2026  |  |  | 121 | MXN | 2238 | 2238 | 2238 |  | 3 | 3 | 3 |  | 0 |
|  |  |  | 03/2026  | 03/2026  | MXN | MXN | 86 | $ | 5 | 5 | 5 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | CHF | CHF | 377 | $ | 471 | 471 | 471 |  | 0 | 0 | 0 |  | (6) |
|  |  |  | 01/2026  | 01/2026  | PLN | PLN | 622 |  | 170 | 170 | 170 |  | 0 | 0 | 0 |  | (3) |
|  |  |  | 01/2026  | 01/2026  | $ | $ | 293 | PLN | 1057 | 1057 | 1057 |  | 1 | 1 | 1 |  | 0 |
|  |  |  | 01/2026  | 01/2026  |  |  | 39 | ZAR | 683 | 683 | 683 |  | 2 | 2 | 2 |  | 0 |
|  |  |  | 02/2026  | 02/2026  |  |  | 111 | MXN | 2057 | 2057 | 2057 |  | 3 | 3 | 3 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | $**441** | **441** | **441** | **$** | $**(654)** | **(654)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Counterparty | Description | Description | Initial<br>Index | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | GLM | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | 100.151 | 100.151 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 9000 | 9000 | 9000 | $(409) | (409) | $ | $(93) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BRC | BRC | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.440% | 2.440% | 2.440% | 01/25/2027 | 1400 | 1400 | 1400 | $(13) | (13) | $ | $(6) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.440 | 2.440 | 2.440 | 01/25/2027 | 1400 | 1400 | 1400 | (12) | (12) |  | (8) |
| GLM | GLM | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.350 | 2.350 | 2.350 | 01/07/2027 | 12600 | 12600 | 12600 | (114) | (114) |  | (39) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.350 | 2.350 | 2.350 | 01/07/2027 | 12600 | 12600 | 12600 | (114) | (114) |  | (80) |
|  |  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | 2.500 | 01/14/2027 | 5100 | 5100 | 5100 | (47) | (47) |  | (24) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | 2.500 | 01/14/2027 | 5100 | 5100 | 5100 | (47) | (47) |  | (23) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(347) | (347) | $ | $(180) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(756)** | **(756)** | **$** | $**(273)** |
| **(g)** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $267 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |

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<br> Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $6 | $0 | $6 |
| Industrials | 0 | 1903 | 0 | 1903 |
| U.S. Government Agencies | 0 | 66548 | 0 | 66548 |
| U.S. Treasury Obligations | 0 | 358379 | 0 | 358379 |
| Non-Agency Mortgage-Backed Securities | 0 | 8882 | 0 | 8882 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| CMBS Other | 0 | 7161 | 0 | 7161 |
| Home Equity Other | 0 | 10498 | 0 | 10498 |
| Whole Loan Collateral | 0 | 839 | 0 | 839 |
| Other ABS | 0 | 8220 | 0 | 8220 |
| Sovereign Issues | 0 | 22918 | 0 | 22918 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | 0 | 162 | 0 | 162 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 552 | 0 | 552 |
|  | $0 | $486068 | $0 | $486068 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $442 | $0 | $0 | $442 |
| Total Investments | $442 | $486068 | $0 | $486510 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 97 | 253 | 0 | 350 |
| Over the counter | 0 | 441 | 0 | 441 |
|  | $97 | $694 | $0 | $791 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (50) | (136) | 0 | (186) |
| Over the counter | 0 | (927) | 0 | (927) |
|  | $(50) | $(1063) | $0 | $(1113) |
| Total Financial Derivative Instruments | $47 | $(369) | $0 | $(322) |
| Totals | $489 | $485699 | $0 | $486188 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 185.2% ¤** |  |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **INDUSTRIALS 1.4%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $7970 | $8428 |
| **Vessel Management Services, Inc.** <br>3.432% due 08/15/2036 | 3023 | 2710 |
| Total Corporate Bonds & Notes (Cost $10,993) |  | 11138 |
| **U.S. GOVERNMENT AGENCIES 22.3%**  |  |  |
| **Federal Farm Credit Banks Funding Corp.**<br>5.125% due 07/09/2029 | 675 | 707 |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 5.762% due 01/01/2028 •  | 2 | 2 |
| 5.771% due 01/01/2028 •  | 2 | 2 |
| 6.500% due 01/01/2035 | 1 | 1 |
| **Federal Home Loan Mortgage Corp. Military Housing Bonds Resecuritization Trust Certificates**<br>4.304% due 10/25/2052 ~ | 6286 | 5471 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 2152 | 2094 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 0.962% due 12/15/2042 •  | 1671 | 1479 |
| 3.500% due 05/15/2042 - 01/15/2048 | 16364 | 15038 |
| 4.000% due 07/15/2042 | 5009 | 4872 |
| 4.288% due 10/15/2043 •  | 1067 | 1046 |
| 4.498% due 01/15/2033 •  | 9 | 9 |
| 4.500% due 02/15/2035 - 07/15/2035 | 338 | 338 |
| 4.598% due 04/15/2029 - 12/15/2032 •  | 7 | 7 |
| 4.648% due 06/15/2031 •  | 3 | 3 |
| 5.500% due 06/15/2035 | 7372 | 7663 |
| 6.000% due 05/15/2028 | 4 | 4 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.229% due 10/25/2044 •  | 602 | 556 |
| 5.429% due 07/25/2044 •  | 149 | 145 |
| 6.500% due 10/25/2043 | 25 | 26 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 11/01/2046 | 100 | 87 |
| 5.276% due 06/01/2043 •  | 32 | 33 |
| 5.277% due 03/01/2044 •  | 39 | 39 |
| 6.305% due 07/01/2035 •  | 6 | 6 |
| 6.349% due 11/01/2034 •  | 15 | 15 |
| 6.395% due 04/01/2028 •  | 1 | 1 |
| 6.500% due 01/01/2032 - 08/01/2037 | 19 | 20 |
| 6.848% due 12/01/2027 •  | 4 | 4 |
| 7.000% due 02/01/2038 | 5 | 5 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 3.500% due 06/25/2044 | 3566 | 3312 |
| 4.000% due 09/25/2044 - 10/25/2044 | 5671 | 5497 |
| 4.109% due 07/25/2037 •  | 29 | 29 |
| 4.250% due 04/25/2037 | 94 | 94 |
| 4.439% due 10/25/2030 •  | 1 | 1 |
| 4.889% due 04/25/2032 •  | 1 | 1 |
| 6.500% due 07/25/2031 | 83 | 85 |
| 7.000% due 05/18/2027 | 1 | 1 |
| **Federal National Mortgage Association REMICS Trust**<br>6.750% due 06/25/2032 | 231 | 243 |
| **Government National Mortgage Association**  |  |  |
| 4.750% due 10/20/2027 - 11/20/2027 •  | 4 | 4 |
| 5.375% (H15T1Y + 1.500%) due 08/20/2026 - 09/20/2026 ~ | 1 | 1 |
| 5.625% due 01/20/2027 - 05/20/2030 •  | 23 | 23 |
| 6.500% due 08/20/2034 - 09/20/2034 | 3 | 3 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.000% due 08/20/2044 - 09/20/2044 | 5917 | 5637 |
| 6.000% due 08/20/2033 | 399 | 398 |
| **Government National Mortgage Association, TBA**  |  |  |
| 4.000% due 02/01/2056 | 8000 | 7556 |
| 4.500% due 02/01/2056 | 2500 | 2434 |
| **Resolution Funding Corp. Interest STRIPS**<br>0.000% due 10/15/2028 (a) | 6371 | 5764 |
| **Tennessee Valley Authority Principal STRIPS**<br>0.000% due 05/01/2030 (b) | 7400 | 6267 |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 02/01/2056 | 14200 | 13851 |
| 5.000% due 02/01/2056 | 19200 | 19130 |
| 5.500% due 02/01/2056 | 700 | 709 |
| 6.000% due 02/01/2056 - 03/01/2056 | 60800 | 62403 |
| 6.500% due 02/01/2056 | 6300 | 6549 |
| Total U.S. Government Agencies (Cost $181,722) |  | 179665 |
| **U.S. TREASURY OBLIGATIONS 157.6%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.125% due 05/15/2040 | 10470 | 6647 |
| 1.125% due 08/15/2040  | 99760 | 62701 |
| 1.375% due 11/15/2040 (f) | 9060 | 5884 |
| 1.750% due 08/15/2041  | 60400 | 40776 |
| 1.875% due 02/15/2051 | 19100 | 10679 |
| 2.000% due 11/15/2041 | 45200 | 31562 |
| 2.000% due 02/15/2050 | 310 | 182 |
| 2.250% due 08/15/2049 | 55590 | 34878 |
| 2.250% due 02/15/2052 | 4500 | 2732 |
| 2.375% due 02/15/2042 | 28000 | 20620 |
| 2.375% due 05/15/2051 | 2400 | 1513 |
| 2.500% due 05/15/2046 | 2028 | 1407 |
| 2.750% due 08/15/2047 | 150 | 107 |
| 2.875% due 05/15/2052 | 20400 | 14261 |
| 3.000% due 11/15/2045 | 680 | 520 |
| 3.000% due 02/15/2048 | 150 | 112 |
| 3.000% due 08/15/2048 | 47000 | 34813 |
| 3.000% due 02/15/2049  | 64144 | 47269 |
| 3.000% due 08/15/2052  | 60000 | 42995 |
| 3.125% due 02/15/2043  | 59600 | 48222 |
| 3.250% due 05/15/2042 | 22800 | 19022 |
| 3.375% due 11/15/2048  | 111700 | 88409 |
| 3.625% due 08/15/2043 | 15300 | 13212 |
| 3.625% due 02/15/2053  | 51800 | 41954 |
| 3.625% due 05/15/2053 | 19400 | 15700 |
| 3.875% due 02/15/2043 | 33100 | 29788 |
| 3.875% due 05/15/2043  | 60400 | 54202 |
| 4.000% due 11/15/2042  | 65000 | 59598 |
| 4.000% due 11/15/2052  | 51650 | 44813 |
| 4.125% due 08/15/2053 | 13000 | 11512 |
| 4.250% due 02/15/2054 | 18300 | 16550 |
| 4.375% due 05/15/2041 | 29580 | 28831 |
| 4.375% due 08/15/2043 | 39300 | 37552 |
| 4.500% due 02/15/2044  | 48100 | 46550 |
| 4.500% due 11/15/2054 | 5800 | 5472 |
| 4.625% due 05/15/2044 | 2800 | 2750 |
| 4.625% due 11/15/2044  | 10500 | 10293 |
| 4.625% due 11/15/2045 | 2400 | 2346 |
| 4.625% due 05/15/2054 | 4600 | 4431 |
| 4.625% due 02/15/2055  | 8900 | 8575 |
| 4.750% due 02/15/2041 | 10750 | 10945 |
| 4.750% due 02/15/2045  | 18500 | 18412 |
| 4.750% due 08/15/2055  | 25500 | 25078 |
| 4.875% due 08/15/2045  | 3040 | 3070 |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.625% due 07/15/2032  | 1569 | 1472 |
| 1.125% due 01/15/2033  | 23239 | 22306 |
| 1.750% due 01/15/2034  | 20444 | 20336 |
| 1.875% due 07/15/2034  | 1038 | 1042 |
| 2.125% due 01/15/2035  | 1857 | 1891 |
| **U.S. Treasury Notes**  |  |  |
| 1.500% due 11/30/2028 | 20700 | 19540 |
| 2.375% due 03/31/2029 | 24500 | 23609 |
| 2.625% due 05/31/2027 (f) | 2200 | 2174 |
| 3.250% due 06/30/2029 | 20800 | 20566 |
| 3.625% due 03/31/2030 (f) | 3900 | 3893 |
| 3.750% due 05/31/2030 (f) | 3900 | 3910 |
| 3.750% due 06/30/2030 (f) | 6600 | 6617 |
| 3.875% due 09/30/2029  | 53200 | 53667 |
| 4.000% due 06/30/2032 | 26200 | 26355 |
| 4.000% due 02/15/2034 | 38100 | 37990 |
| 4.125% due 11/15/2027 | 200 | 202 |
| 4.125% due 10/31/2029 | 500 | 509 |
| 4.125% due 08/31/2030 (f) | 6200 | 6310 |
| 4.250% due 08/15/2035  | 5100 | 5137 |
| 4.375% due 11/30/2030 | 400 | 412 |
| 4.625% due 09/30/2030 | 2700 | 2806 |
| 4.875% due 10/31/2030 | 2700 | 2837 |
| Total U.S. Treasury Obligations (Cost $1,420,246) |  | 1270526 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.6%**  |  |  |
| **Ashford Hospitality Trust** <br>4.823% due 04/15/2035 •  | 84 | 84 |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Atrium Hotel Portfolio Trust** <br>4.978% due 12/15/2036 •  | 617 | 609 |
| **Bank** <br>4.046% due 03/15/2061 ~ | 800 | 798 |
| **BBCMS Mortgage Trust** <br>5.015% due 09/15/2058 | 1800 | 1843 |
| **Bear Stearns ALT-A Trust** <br>4.791% due 09/25/2035 ~ | 157 | 84 |
| **Bear Stearns ARM Trust** <br>6.125% due 04/25/2033 ~ | 2 | 2 |
| **Benchmark Mortgage Trust**  |  |  |
| 4.016% due 03/15/2052  | 3700 | 3645 |
| 5.926% due 03/15/2057  | 2000 | 2091 |
| **BMO Mortgage Trust** <br>7.055% due 11/15/2056 ~ | 1800 | 1924 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.426% due 04/25/2035 •  | 4 | 4 |
| 4.486% due 03/25/2035 •  | 229 | 213 |
| **COMM Mortgage Trust** <br>3.140% due 10/10/2036 | 2800 | 2677 |
| **Countrywide Alternative Loan Trust** <br>4.266% due 05/25/2035 •  | 118 | 115 |
| **HarborView Mortgage Loan Trust** <br>4.286% due 05/19/2035 •  | 114 | 111 |
| **Hilton USA Trust** <br>3.719% due 11/05/2038 | 2130 | 2116 |
| **Impac CMB Trust** <br>4.346% due 10/25/2035 •  | 595 | 551 |
| **JP Morgan Mortgage Trust** <br>6.033% due 07/25/2035 ~ | 20 | 20 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 81 | 79 |
| 2.750% due 11/25/2059 ~  | 557 | 538 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>4.343% due 10/25/2035 ~ | 407 | 367 |
| **RALI Trust**  |  |  |
| 4.146% due 08/25/2035 •  | 126 | 87 |
| 6.000% due 06/25/2036  | 251 | 206 |
| **Sequoia Mortgage Trust** <br>4.548% due 07/20/2033 •  | 42 | 42 |
| **Sequoia Mortgage Trust 5** <br>4.546% due 10/19/2026 •  | 2 | 2 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>4.286% due 05/25/2037 •  | 335 | 315 |
| **Structured Asset Mortgage Investments II Trust** <br>4.286% due 05/25/2036 •  | 53 | 44 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.506% due 09/19/2032 •  | 1 | 1 |
| 4.686% due 10/19/2033 •  | 30 | 28 |
| **Towd Point Mortgage Trust** <br>3.100% due 01/25/2060 ~ | 900 | 829 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.366% due 11/25/2045 •  | 9 | 8 |
| 5.029% due 02/25/2046 •  | 277 | 257 |
| 5.077% due 08/25/2046 •  | 154 | 135 |
| 5.429% due 06/25/2042 •  | 3 | 3 |
| **Worldwide Plaza Trust** <br>3.526% due 11/10/2036 | 1600 | 1287 |
| Total Non-Agency Mortgage-Backed Securities (Cost $22,131) |  | 21115 |
| **ASSET-BACKED SECURITIES 1.2%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.3%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>6.020% due 02/20/2030 | 1700 | 1784 |
| **Hertz Vehicle Financing LLC** <br>2.330% due 06/26/2028 | 1200 | 1173 |
|  |  | 2957 |
| **HOME EQUITY OTHER 0.3%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.846% due 11/25/2042 •  | 73 | 74 |
| **C-BASS Trust** <br>3.966% due 11/25/2036 •  | 9 | 4 |
| **MASTR Asset-Backed Securities Trust** <br>4.671% due 10/25/2034 •  | 589 | 578 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.776% due 07/25/2035 •  | 381 | 382 |
| **Soundview Home Loan Trust** <br>3.966% due 11/25/2036 •  | 126 | 34 |
| **Towd Point Mortgage Trust** <br>5.348% due 07/25/2065 þ | 1254 | 1263 |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Washington Mutual Asset-Backed Certificates Trust** <br>3.851% due 10/25/2036 •  | 69 | 24 |
|  |  | 2359 |
| **OTHER ABS 0.6%**  |  |  |
| **ECMC Group Student Loan Trust** <br>4.739% due 02/27/2068 •  | 406 | 404 |
| **Invitation Homes Trust** <br>4.000% due 09/17/2041 | 3195 | 3148 |
| **Massachusetts Educational Financing Authority** <br>5.525% due 04/25/2038 •  | 29 | 29 |
| **Pagaya AI Debt Trust** <br>6.258% due 10/15/2031 | 349 | 351 |
| **Slam Ltd.** <br>5.807% due 05/15/2050 | 965 | 991 |
|  |  | 4923 |
| Total Asset-Backed Securities (Cost $10,245) |  | 10239 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (d) | 473500 | 473 |
| Total Short-Term Instruments (Cost $473) |  | 473 |
| Total Investments in Securities (Cost $1,645,810) |  | 1493156 |
| **INVESTMENTS IN AFFILIATES 0.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 66744 | 650 |
| Total Short-Term Instruments (Cost $650) |  | 650 |
| Total Investments in Affiliates (Cost $650) |  | 650 |
| Total Investments 185.3% (Cost $1,646,460) |  | $1493806 |
| **Financial Derivative Instruments (e)(g) 0.1**%(Cost or Premiums, net $(527)) |  | 880 |
| Other Assets and Liabilities, net (85.4)% |  | (688555) |
| Net Assets 100.0% |  | $806131 |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(d)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BSN | BSN | 3.810%  | 01/02/2026 | 01/02/2026 | 01/16/2026 | 01/16/2026 | $(50201) | (50201) | $(50201) | (50201) |
|  |  | 3.930  | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | (68817) | (68817) | (68930) | (68930) |
| CIB | CIB | 3.930  | 12/17/2025 | 12/17/2025 | 01/07/2026 | 01/07/2026 | (6769) | (6769) | (6781) | (6781) |
| JPS | JPS | 3.810  | 01/02/2026 | 01/02/2026 | 01/07/2026 | 01/07/2026 | (5234) | (5234) | (5234) | (5234) |
|  |  | 3.890  | 12/22/2025 | 12/22/2025 | 01/05/2026 | 01/05/2026 | (25595) | (25595) | (25626) | (25626) |
|  |  | 3.930  | 12/22/2025 | 12/22/2025 | 01/05/2026 | 01/05/2026 | (25151) | (25151) | (25181) | (25181) |
|  |  | 3.930  | 12/31/2025 | 12/31/2025 | 01/05/2026 | 01/05/2026 | (34056) | (34056) | (34063) | (34063) |
|  |  | 4.010  | 12/30/2025 | 12/30/2025 | 01/06/2026 | 01/06/2026 | (375566) | (375566) | (375691) | (375691) |
| NXN | NXN | 3.820  | 01/02/2026 | 01/02/2026 | 01/09/2026 | 01/09/2026 | (63760) | (63760) | (63760) | (63760) |
|  |  | 3.930  | 12/18/2025 | 12/18/2025 | 01/02/2026 | 01/02/2026 | (63461) | (63461) | (63565) | (63565) |
| STR | STR | 3.840  | 01/02/2026 | 01/02/2026 | 01/05/2026 | 01/05/2026 | (15915) | (15915) | (15915) | (15915) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | $**(734947)** | **(734947)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% | U.S. Government Agencies 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | $ | 100 | $(85) | (85) | $(85) |
| **Total Short Sales 0.0%** | **Total Short Sales 0.0%** | **Total Short Sales 0.0%** | **Total Short Sales 0.0%** | **Total Short Sales 0.0%** |  |  |  | $**(85)** | **(85)** | $**(85)** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(606035) at a weighted average interest rate of 4.418%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. | Unsettled reverse repurchase agreements liability of $(135110) is outstanding at period end. |
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 116 | 116 | 116 | (19) | $ | (18) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 33 | 33 | 33 | (6) |  | (10) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 149 | 149 | 149 | (28) |  | (12) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(53)** | **$** | **(40)** |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 214 | 51817 | $(39) | (39) | (39) | 0 | 0 | (13) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 214 | 51833 | (25) | (25) | (25) | 0 | 0 | (13) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 214 | 51791 | (39) | (39) | (39) | 0 | 0 | (16) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 53 | 11066 | 9 | 9 | 9 | 0 | 0 | (4) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 26 | 2923 | (6) | (6) | (6) | 0 | 0 | (4) |
|  |  |  |  |  |  |  |  | (100) | (100) | $ | 0 | $ | (50) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 186 | (20331) | $51 | 51 | 51 | 22 | 22 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 900 | (104034) | 1138 | 1138 | 1138 | 197 | 197 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 519 | (61242) | 1205 | 1205 | 1205 | 194 | 194 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 1487 | (171028) | 910 | 910 | 910 | 279 | 279 | 0 |
|  |  |  |  |  |  |  |  | 3304 | 3304 | $ | 692 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **3204** | **3204** | **$** | **692** | **$** | **(50)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Liability |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.400% | Semi-Annual | 03/30/2026 | 03/30/2026 | $17040 | $30 | 290 | $320 | 320 | 320 | 4 | $0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.638 | Annual | 05/31/2028 | 05/31/2028 | 2900 | 0 | (11) | (11) | (11) | (11) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 05/31/2028 | 5900 | 0 | (25) | (25) | (25) | (25) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.662 | Annual | 05/31/2028 | 05/31/2028 | 28800 | 0 | (126) | (126) | (126) | (126) | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 05/31/2028 | 05/31/2028 | 54100 | 0 | (263) | (263) | (263) | (263) | 40 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 05/31/2028 | 05/31/2028 | 28800 | 0 | (150) | (150) | (150) | (150) | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.694 | Annual | 05/31/2028 | 05/31/2028 | 28800 | 0 | (152) | (152) | (152) | (152) | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | 05/31/2028 | 05/31/2028 | 2300 | 0 | (20) | (20) | (20) | (20) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.395 | Semi-Annual | 10/25/2028 | 10/25/2028 | 15300 | (190) | (363) | (553) | (553) | (553) | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 12/18/2029 | 13600 | (267) | 87 | (180) | (180) | (180) | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 03/04/2030 | 1900 | (4) | (21) | (25) | (25) | (25) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 02/28/2031 | 02/28/2031 | 22340 | 131 | (380) | (249) | (249) | (249) | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 03/30/2031 | 03/30/2031 | 9590 | 76 | 1389 | 1465 | 1465 | 1465 | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | 04/30/2031 | 04/30/2031 | 1600 | 0 | 13 | 13 | 13 | 13 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.441 | Semi-Annual | 07/21/2031 | 07/21/2031 | 6800 | (23) | 836 | 813 | 813 | 813 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 | 8295 | (8) | (75) | (83) | (83) | (83) | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.610 | Annual | 12/12/2032 | 12/12/2032 | 2500 | (12) | 10 | (2) | (2) | (2) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 12/26/2033 | 12/26/2033 | 400 | (2) | (3) | (5) | (5) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.854 | Annual | 12/29/2033 | 12/29/2033 | 1200 | (5) | (11) | (16) | (16) | (16) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 01/17/2034 | 500 | (2) | 8 | 6 | 6 | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/07/2034 | 08/07/2034 | 790 | (4) | 5 | 1 | 1 | 1 | 2 | 0 |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | Annual | 08/20/2034 | 1100 | 1100 | (4) | (4) |  | 21 | 21 |  | 17 | 17 |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | Annual | 08/28/2034 | 1200 | 1200 | (4) | (4) |  | 16 | 16 |  | 12 | 12 |  | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | Annual | 08/28/2034 | 300 | 300 | (1) | (1) |  | 4 | 4 |  | 3 | 3 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | Annual | 08/28/2034 | 400 | 400 | (1) | (1) |  | 4 | 4 |  | 3 | 3 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | Annual | 09/10/2034 | 1400 | 1400 | (7) | (7) |  | 61 | 61 |  | 54 | 54 |  | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | Annual | 09/16/2034 | 500 | 500 | (2) | (2) |  | 21 | 21 |  | 19 | 19 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | Annual | 09/16/2034 | 1100 | 1100 | (5) | (5) |  | 43 | 43 |  | 38 | 38 |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | Annual | 09/16/2034 | 1200 | 1200 | (5) | (5) |  | 47 | 47 |  | 42 | 42 |  | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | Annual | 02/26/2035 | 100 | 100 | 0 | 0 |  | (2) | (2) |  | (2) | (2) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | Annual | 03/03/2035 | 1200 | 1200 | (5) | (5) |  | (5) | (5) |  | (10) | (10) |  | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | Annual | 03/04/2035 | 500 | 500 | (2) | (2) |  | (3) | (3) |  | (5) | (5) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | Annual | 03/05/2035 | 800 | 800 | (3) | (3) |  | (2) | (2) |  | (5) | (5) |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | Annual | 03/12/2035 | 1100 | 1100 | (3) | (3) |  | (7) | (7) |  | (10) | (10) |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | Annual | 09/17/2035 | 700 | 700 | (2) | (2) |  | 16 | 16 |  | 14 | 14 |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | Annual | 11/15/2049 | 1800 | 1800 | 0 | 0 |  | 228 | 228 |  | 228 | 228 |  | 5 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.464 | Annual | Annual | 11/15/2049 | 4100 | 4100 | 0 | 0 |  | 459 | 459 |  | 459 | 459 |  | 13 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.527 | Annual | Annual | 11/15/2049 | 900 | 900 | 0 | 0 |  | 92 | 92 |  | 92 | 92 |  | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | Annual | 10/23/2053 | 5700 | 5700 | (99) | (99) |  | 2422 | 2422 |  | 2323 | 2323 |  | 14 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | Annual | 11/15/2053 | 4300 | 4300 | (20) | (20) |  | 654 | 654 |  | 634 | 634 |  | 13 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | Annual | 11/15/2053 | 2600 | 2600 | 54 | 54 |  | 37 | 37 |  | 91 | 91 |  | 9 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.992 | Annual | Annual | 11/15/2053 | 6200 | 6200 | 0 | 0 |  | (188) | (188) |  | (188) | (188) |  | 0 |  | (21) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | Annual | 11/15/2053 | 7355 | 7355 | 13 | 13 |  | 113 | 113 |  | 126 | 126 |  | 25 |  | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(376)** | **(376)** | $**5069** | **5069** | **5069** | $**4693** | **4693** | **4693** | $**338** | **338** | $**(37)** | **(37)** |
| **(f)** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $16,029 and cash of $2,654 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(2)</sup> | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BPS | BPS | BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.551% | 3.551% | 01/05/2026 | 01/05/2026 | 01/05/2026 | 1500 | 1500 | 1500 | $(4) | (4) | (4) | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.831 | 3.831 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 1500 | 1500 | 1500 | (4) | (4) | (4) | (1) | (1) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.622 | 3.622 | 01/29/2026 | 01/29/2026 | 01/29/2026 | 2000 | 2000 | 2000 | (4) | (4) | (4) | (3) | (3) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 01/29/2026 | 2000 | 2000 | 2000 | (4) | (4) | (4) | (6) | (6) |
| FAR | FAR | FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 2100 | 2100 | 2100 | (5) | (5) | (5) | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 2100 | 2100 | 2100 | (5) | (5) | (5) | 0 | 0 |
| GLM | GLM | GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.548 | 3.548 | 01/02/2026 | 01/02/2026 | 01/02/2026 | 3000 | 3000 | 3000 | (7) | (7) | (7) | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.848 | 3.848 | 01/02/2026 | 01/02/2026 | 01/02/2026 | 3000 | 3000 | 3000 | (7) | (7) | (7) | 0 | 0 |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.578 | 3.578 | 01/12/2026 | 01/12/2026 | 01/12/2026 | 1500 | 1500 | 1500 | (3) | (3) | (3) | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.878 | 3.878 | 01/12/2026 | 01/12/2026 | 01/12/2026 | 1500 | 1500 | 1500 | (3) | (3) | (3) | (2) | (2) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.648 | 3.648 | 01/15/2026 | 01/15/2026 | 01/15/2026 | 2000 | 2000 | 2000 | (6) | (6) | (6) | (1) | (1) |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.928 | 01/15/2026 | 01/15/2026 | 2000 | 2000 | (6) | (6) | (2) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 1900 | 1900 | (5) | (5) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 1900 | 1900 | (5) | (5) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 3000 | 3000 | (7) | (7) | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 3000 | 3000 | (7) | (7) | (2) |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.498 | 01/05/2026 | 01/05/2026 | 3600 | 3600 | (8) | (8) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.798 | 01/05/2026 | 01/05/2026 | 3600 | 3600 | (8) | (8) | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(98)** | **(98)** | $**(23)** |
| Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Industrials | Industrials | Industrials | Industrials | $0 | 0 | 0 | $11138 | 11138 | $0 | 0 | $11138 | 11138 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 179665 | 179665 | 0 | 0 | 179665 | 179665 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 1270526 | 1270526 | 0 | 0 | 1270526 | 1270526 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 21115 | 21115 | 0 | 0 | 21115 | 21115 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 2957 | 2957 | 0 | 0 | 2957 | 2957 |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 2359 | 2359 | 0 | 0 | 2359 | 2359 |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 4923 | 4923 | 0 | 0 | 4923 | 4923 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 473 | 473 | 0 | 0 | 473 | 473 |
|  |  |  |  | $0 | 0 | 0 | $1493156 | 1493156 | $0 | 0 | $1493156 | 1493156 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $650 | 650 | 650 | $0 | 0 | $0 | 0 | $650 | 650 |
| Total Investments | Total Investments | Total Investments | Total Investments | $650 | 650 | 650 | $1493156 | 1493156 | $0 | 0 | $1493806 | 1493806 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | $(85) | (85) | $0 | 0 | $(85) | (85) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | $0 | 0 | 0 | $1030 | 1030 | $0 | 0 | $1030 | 1030 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | (127) | (127) | 0 | 0 | (127) | (127) |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (23) | (23) | 0 | 0 | (23) | (23) |
|  |  |  |  | $0 | 0 | 0 | $(150) | (150) | $0 | 0 | $(150) | (150) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | $880 | 880 | $0 | 0 | $880 | 880 |
| Totals | Totals | Totals | Totals | $650 | 650 | 650 | $1493951 | 1493951 | $0 | 0 | $1494601 | 1494601 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Low Duration Credit Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 88.9% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 49.8%**  |  |  |
| **Action Environmental Group, Inc.**<br>6.922% - 7.422% (TSFR3M + 3.250%) due 10/24/2030 ~ | $547 | $549 |
| **Ahead DB Holdings LLC**<br>6.172% - 8.338% (TSFR3M + 2.500%) due 02/03/2031 ~ | 292 | 292 |
| **AI Aqua Merger Sub, Inc.**<br>6.854% - 7.500% (TSFR3M + 3.000%) due 07/31/2028 ~ | 588 | 590 |
| **AL GCX Holdings LLC**<br>6.868% due 12/17/2032 | 125 | 125 |
| **Alliant Holdings Intermediate LLC**<br>6.216% - 8.247% (TSFR1M + 2.500%) due 09/19/2031 ~ | 950 | 954 |
| **Allied Universal Holdco LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 08/20/2032 ~ | 299 | 301 |
| **Altice France SA**<br>10.860% (TSFR3M + 6.875%) due 05/31/2031 ~ | 374 | 374 |
| **American Axle & Manufacturing, Inc.**<br>TBD% due 02/24/2032 | 350 | 351 |
| **AP Core Holdings II LLC**<br>9.331% (TSFR1M + 5.500%) due 09/01/2027 ~ | 43 | 43 |
| **Armor Holding II LLC**<br>7.422% (TSFR3M + 3.750%) due 12/10/2031 ~ | 454 | 456 |
| **Ascend Learning LLC**<br>6.716% - 7.590% (TSFR1M + 3.000%) due 12/11/2028 ~ | 292 | 294 |
| **Aspire Bakeries Holdings LLC**<br>7.221% (TSFR1M + 3.500%) due 12/23/2030 ~ | 595 | 600 |
| **Asurion LLC**<br>7.966% (TSFR1M + 4.250%) due 09/19/2030 ~ | 593 | 594 |
| **AthenaHealth Group, Inc.**<br>6.466% - 7.831% (TSFR1M + 2.750%) due 02/15/2029 ~ | 347 | 348 |
| **Avalara, Inc.**  |  |  |
| TBD% - 7.905% (TSFR3M + 2.750%) due 03/26/2032 ~ | 299 | 300 |
| **Avis Budget Car Rental LLC**<br>6.216% - 8.247% (TSFR1M + 2.500%) due 07/16/2032 ~ | 323 | 323 |
| **B&G Foods, Inc.**<br>7.216% (TSFR1M + 3.500%) due 10/10/2029 ~ | 323 | 313 |
| **Barnes Group, Inc.**<br>6.466% - 7.831% (TSFR1M + 2.750%) due 01/27/2032 ~ | 408 | 410 |
| **Bausch & Lomb Corp.**  |  |  |
| 7.716% (TSFR1M + 4.000%) due 09/29/2028 ~ | 683 | 685 |
| 7.966% (TSFR1M + 4.250%) due 01/15/2031 ~ | 323 | 327 |
| **BCPE Empire Holdings, Inc.**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 12/11/2030 ~ | 720 | 713 |
| **Beach Acquisition Bidco LLC**<br>6.922% - 7.422% (TSFR3M + 3.250%) due 09/12/2032 ~ | 50 | 50 |
| **Belron Finance LLC**<br>6.120% - 8.639% (TSFR3M + 2.250%) due 10/16/2031 ~ | 469 | 472 |
| **Blackfin Pipeline LLC**<br>6.750% - 7.566% (TSFR1M + 3.000%) due 09/29/2032 ~ | 325 | 326 |
| **Blackhawk Network Holdings, Inc.**<br>7.672% (TSFR3M + 4.000%) due 03/12/2029 ~ | 394 | 396 |
| **Boxer Parent Co., Inc.**<br>6.822% - 7.566% (TSFR3M + 3.000%) due 07/30/2031 ~ | 278 | 277 |
| **BroadStreet Partners, Inc.**<br>6.466% - 7.816% (TSFR1M + 2.750%) due 06/13/2031 ~ | 148 | 148 |
| **Cengage Learning, Inc.**<br>7.227% (TSFR1M + 3.500%) due 03/24/2031 ~ | 420 | 422 |
| **Central Parent, Inc.**<br>6.922% - 7.466% (TSFR3M + 3.250%) due 07/06/2029 ~ | 511 | 434 |
| **Century De Buyer LLC**<br>6.840% - 7.517% (TSFR3M + 3.000%) due 10/30/2030 ~ | 123 | 123 |
| **Charter NEX U.S., Inc.**<br>6.500% - 7.730% (TSFR1M + 2.750%) due 11/29/2030 ~ | 486 | 488 |
| **Chobani LLC**<br>5.966% - 8.891% (TSFR1M + 2.250%) due 10/28/2032 ~ | 725 | 730 |
| **Clarios Global LP**<br>6.466% - 7.772% (TSFR1M + 2.750%) due 01/28/2032 ~ | 399 | 402 |
| **Cloud Software Group, Inc.**  |  |  |
| 6.922% - 7.422% (TSFR3M + 3.250%) due 03/21/2031 ~ | 342 | 343 |
| 6.922% - 7.422% (TSFR3M + 3.250%) due 08/13/2032 ~ | 698 | 700 |
| **Clover Holdings 2 LLC**  |  |  |
| TBD% - 10.448% due 12/10/2029 ~µ | 32 | 31 |
| 7.522% (TSFR1M + 3.750%) due 12/09/2031 ~ | 373 | 374 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| TBD% - 9.859% (TSFR1M + 3.250%) due 04/01/2032 ~µ | 5 | 5 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.891% - 7.480% (TSFR1M + 3.175%) due 04/13/2029 ~ | 1017 | 1019 |
| **CommScope, Inc.**<br>8.466% (TSFR1M + 4.750%) due 12/17/2029 ~ | 670 | 672 |
| **Cotiviti Corp.**<br>6.623% - 7.716% (TSFR1M + 2.750%) due 05/01/2031 ~ | 805 | 776 |
| **Covia Holdings Corp.**  |  |  |
| TBD% - 7.672% (TSFR3M + 2.750%) due 02/26/2032 ~ | 398 | 396 |
| **CP Atlas Buyer, Inc.**<br>8.966% (TSFR1M + 5.250%) due 07/08/2030 ~ | 399 | 387 |
| **CPPIB OVM Member U.S. LLC**<br>6.172% - 8.338% (TSFR3M + 2.500%) due 08/20/2031 ~ | 568 | 572 |
| **Crown Subsea Communications Holding, Inc.**<br>7.216% (TSFR1M + 3.500%) due 01/30/2031 ~ | 297 | 300 |
| **CSC Holdings LLC**<br>8.250% (PRIME + 1.500%) due 04/15/2027 ~ | 148 | 130 |
| **Cyberswift U.S. Finco LLC**<br>7.905% (TSFR3M + 4.000%) due 10/08/2032 ~ | 325 | 325 |
| **Darktrace PLC**<br>7.185% - 7.198% (TSFR3M + 3.250%) due 10/09/2031 ~ | 372 | 374 |
| **Dayforce, Inc.**<br>TBD% due 08/20/2032 | 225 | 225 |
| **Delta TopCo, Inc.**<br>6.439% - 7.852% (TSFR3M + 2.750%) due 11/30/2029 ~ | 394 | 393 |
| **DG Investment Intermediate Holdings 2, Inc.**<br>7.466% (TSFR1M + 3.750%) due 07/09/2032 ~ | 100 | 100 |
| **Disco Parent, Inc.**<br>7.072% (TSFR3M + 3.250%) due 08/06/2032 «~ | 50 | 50 |
| **Ellucian Holdings, Inc.**<br>6.466% - 7.769% (TSFR1M + 2.750%) due 10/08/2029 ~ | 298 | 301 |
| **EMG Utica LLC**<br>7.672% (TSFR3M + 4.000%) due 04/01/2030 «~ | 99 | 101 |
| **Envision Healthcare Corp.**  |  |  |
| 11.862% (TSFR3M + 7.875%) due 07/20/2026 «~ | 206 | 206 |
| 11.862% (TSFR3M + 7.875%) due 11/03/2028 «~ | 838 | 863 |
| **EOC Borrower LLC**<br>6.716% - 7.590% (TSFR1M + 3.000%) due 03/24/2032 ~ | 124 | 125 |
| **Fertitta Entertainment LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 01/27/2029 ~ | 292 | 292 |
| **Fiesta Purchaser, Inc.**<br>6.466% - 7.769% (TSFR1M + 2.750%) due 02/12/2031 ~ | 443 | 444 |
| **Finastra USA, Inc.**<br>7.723% (TSFR3M + 4.000%) due 09/15/2032 ~ | 625 | 613 |
| **First Advantage Holdings LLC**<br>6.466% - 7.769% (TSFR1M + 2.750%) due 10/31/2031 ~ | 460 | 456 |
| **First Student Bidco, Inc.**<br>6.172% - 8.338% (TSFR3M + 2.500%) due 08/15/2030 ~ | 1095 | 1100 |
| **Fortress Intermediate 3, Inc.**<br>6.784% - 7.566% (TSFR1M + 3.000%) due 06/27/2031 ~ | 569 | 570 |
| **Gainwell Acquisition Corp.**<br>7.772% (TSFR3M + 4.000%) due 10/01/2027 ~ | 299 | 294 |
| **GEN II Fund Services LLC**<br>6.422% - 7.905% (TSFR3M + 2.750%) due 11/26/2031 ~ | 298 | 298 |
| **GFL Environmental, Inc.**<br>6.273% - 8.172% (TSFR3M + 2.500%) due 03/03/2032 ~ | 349 | 351 |
| **Global Medical Response, Inc.**<br>7.384% (TSFR3M + 3.500%) due 10/01/2032 ~ | 150 | 151 |
| **Golden State Foods LLC**<br>7.672% (TSFR3M + 4.000%) due 12/04/2031 ~ | 569 | 573 |
| **Gray Television, Inc.**<br>6.987% - 7.335% (TSFR1M + 3.000%) due 12/01/2028 ~ | 150 | 150 |
| **Green Infrastructure Partners, Inc.**<br>6.422% (TSFR3M + 2.750%) due 09/24/2032 ~ | 325 | 326 |
| **Gryphon Acquire NewCo LLC**<br>6.854% - 7.499% (TSFR6M + 3.000%) due 09/13/2032 ~ | 450 | 454 |
| **Gulfside Supply, Inc.**<br>6.672% - 7.690% (TSFR3M + 3.000%) due 06/17/2031 ~ | 23 | 23 |
| **GVC Holdings (Gibraltar) Ltd.**<br>5.922% (TSFR3M + 2.250%) due 10/31/2029 ~ | 244 | 243 |
| **Hanger, Inc.**  |  |  |
| 3.500% - 9.738% (TSFR1M + 3.500%) due 10/23/2031 ~µ | 40 | 40 |
| 3.500% - 9.738% (TSFR1M + 3.500%) due 10/23/2031 ~ | 308 | 309 |
| **Heartland Dental LLC**<br>7.466% (TSFR1M + 3.750%) due 08/25/2032 ~ | 597 | 600 |
| **HUB International Ltd.**<br>6.120% - 8.639% (TSFR3M + 2.250%) due 06/20/2030 ~ | 366 | 368 |
| **Hudson River Trading LLC**<br>6.486% - 7.735% (TSFR1M + 2.750%) due 03/18/2030 ~ | 444 | 447 |
| **Hunter Douglas, Inc.**<br>6.672% - 7.690% (TSFR3M + 3.000%) due 01/20/2032 ~ | 140 | 141 |
| **IMC Financing LLC**<br>7.234% (TSFR1M + 3.500%) due 06/18/2032 ~ | 299 | 301 |
| **IMC Global Holdings LLC**<br>TBD% due 06/18/2032 | 125 | 126 |
| **INEOS U.S. Finance LLC**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 02/07/2031 ~ | 313 | 252 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Instructure Holdings, Inc.**<br>6.445% (TSFR3M + 2.750%) due 11/13/2031 ~ | 448 | 449 |
| **ION Platform Finance U.S., Inc.**<br>7.422% (TSFR3M + 3.750%) due 10/07/2032 ~ | 500 | 471 |
| **iSolved, Inc.**<br>6.466% - 7.769% (TSFR1M + 2.750%) due 10/15/2030 ~ | 418 | 420 |
| **JetBlue Airways Corp.**<br>8.445% (TSFR3M + 4.750%) due 08/27/2029 ~ | 522 | 503 |
| **Jump Financial LLC**<br>7.172% - 7.216% (TSFR3M + 3.500%) due 02/26/2032 «~ | 498 | 493 |
| **June Purchaser LLC**  |  |  |
| TBD% - 9.860% (TSFR3M + 2.750%) due 11/28/2031 ~ | 510 | 515 |
| TBD% - 9.860% due 11/28/2031 ~µ | 86 | 86 |
| **Kaseya, Inc.**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 03/20/2032 ~ | 571 | 572 |
| **Kohler Energy Co. LLC**<br>7.422% (TSFR3M + 3.750%) due 05/01/2031 ~ | 504 | 508 |
| **LC AHAB U.S. Bidco LLC**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 05/01/2031 ~ | 643 | 645 |
| **M6 ETX Holdings II Midco LLC**<br>6.200% - 8.272% (TSFR1M + 2.500%) due 04/01/2032 ~ | 421 | 424 |
| **Madison IAQ LLC**<br>6.702% - 7.672% (TSFR6M + 2.500%) due 06/21/2028 ~ | 382 | 384 |
| **Mauser Packaging Solutions Holding Co.**<br>7.232% (TSFR1M + 3.500%) due 04/15/2030 ~ | 230 | 226 |
| **Mavis Tire Express Services Corp.**<br>6.716% - 7.590% (TSFR1M + 3.000%) due 05/04/2028 ~ | 590 | 592 |
| **McAfee LLC**<br>6.716% - 7.672% (TSFR1M + 3.000%) due 03/01/2029 ~ | 1108 | 1026 |
| **Meade Pipeline Co. LLC**<br>5.695% - 9.340% (TSFR3M + 2.000%) due 09/22/2032 ~ | 225 | 227 |
| **MH Sub I LLC**<br>7.966% (TSFR1M + 4.250%) due 05/03/2028 ~ | 363 | 338 |
| **MI Windows & Doors LLC**<br>6.466% - 7.831% (TSFR1M + 2.750%) due 03/28/2031 ~ | 296 | 296 |
| **Mitchell International, Inc.**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 06/17/2031 ~ | 147 | 148 |
| **Modena Buyer LLC**<br>8.090% (TSFR3M + 4.250%) due 07/01/2031 ~ | 396 | 395 |
| **National Mentor Holdings, Inc.**  |  |  |
| 6.000% - 8.831% due 12/12/2030 ~µ | 78 | 78 |
| 6.000% - 8.831% (TSFR1M + 6.000%) due 12/12/2030 ~ | 181 | 182 |
| **NEP Group, Inc.**<br>8.216% (TSFR1M + 4.500%) due 10/17/2031 ~ | 300 | 276 |
| **Newfold Digital Holdings Grp Inc.**  |  |  |
| 7.384% (TSFR1M + 3.500%) due 04/30/2029 ~ | 366 | 296 |
| 9.488% (TSFR3M + 5.750%) due 04/30/2029 ~ | 28 | 27 |
| **Nielsen Consumer, Inc.**<br>5.966% - 8.891% (TSFR1M + 2.250%) due 10/31/2030 ~ | 322 | 323 |
| **Nuvei Technologies Corp.**  |  |  |
| TBD% - 8.247% (TSFR1M + 2.500%) due 11/17/2031 ~ | 744 | 746 |
| **Olympus Water U.S. Holding Corp.**<br>6.922% - 7.422% (TSFR3M + 3.250%) due 11/03/2032 ~ | 650 | 647 |
| **Onex TSG Intermediate Corp.**<br>7.590% (TSFR3M + 3.750%) due 08/06/2032 ~ | 575 | 580 |
| **Ontario Gaming GTA LP**<br>7.922% (TSFR3M + 4.250%) due 08/01/2030 ~ | 270 | 251 |
| **Oregon Tool, Inc.**<br>8.140% (TSFR3M + 4.000%) due 10/15/2029 ~ | 167 | 120 |
| **Padagis LLC**<br>8.949% (TSFR3M + 4.750%) due 07/06/2028 «~ | 297 | 281 |
| **Paradigm Parent LLC**<br>8.172% (TSFR3M + 4.500%) due 04/16/2032 ~ | 299 | 264 |
| **Peer Holding III BV**<br>6.172% - 8.338% (TSFR3M + 2.500%) due 07/01/2031 ~ | 223 | 224 |
| **Pegasus BidCo BV**<br>6.602% - 7.716% (TSFR3M + 2.750%) due 07/12/2029 ~ | 319 | 320 |
| **Peraton Corp.**<br>7.690% (TSFR3M + 3.750%) due 02/01/2028 ~ | 144 | 134 |
| **PetSmart, Inc.**<br>7.734% (TSFR1M + 4.000%) due 08/18/2032 ~ | 300 | 299 |
| **PG Investment Co. 59 SARL**<br>5.922% - 9.048% (TSFR3M + 2.250%) due 03/26/2031 ~ | 371 | 373 |
| **Phoenix Aviation Capital LLC**<br>7.108% (TSFR3M + 3.250%) due 10/28/2030 ~ | 550 | 546 |
| **Phoenix Guarantor, Inc.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 02/21/2031 ~ | 107 | 107 |
| **Pinnacle Buyer LLC**  |  |  |
| 1.250% - 9.868% due 10/01/2032 ~µ | 56 | 57 |
| 1.250% - 9.868% (TSFR3M + 2.500%) due 10/01/2032 ~ | 294 | 295 |
| **Planet U.S. Buyer LLC**<br>6.822% - 7.566% (TSFR3M + 3.000%) due 02/07/2031 ~ | 296 | 298 |
| **Polaris Newco LLC**<br>7.852% (TSFR3M + 3.750%) due 06/02/2028 ~ | 651 | 630 |
| **Project Alpha Intermediate Holding, Inc.**<br>6.922% - 7.437% (TSFR3M + 3.250%) due 10/26/2030 ~ | 543 | 543 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Proofpoint, Inc.**<br>6.672% - 7.690% (TSFR3M + 3.000%) due 08/31/2028 ~ | 610 | 614 |
| **Pye-Barker Fire & Safety LLC**  |  |  |
| 1.250% - 9.868% due 12/16/2032 ~µ | 49 | 49 |
| 1.250% - 9.868% (TSFR3M + 2.500%) due 12/16/2032 ~ | 326 | 329 |
| **Qnity Electronics, Inc.**<br>5.804% - 9.234% (TSFR6M + 2.000%) due 11/01/2032 ~ | 425 | 427 |
| **QuidelOrtho Corp.**<br>7.716% (TSFR1M + 4.000%) due 08/20/2032 ~ | 698 | 699 |
| **Radiate Holdco LLC**<br>7.081% - 7.227% (TSFR1M + 3.250%) due 09/25/2026 «~ | 247 | 194 |
| **Rand Parent LLC**<br>6.672% - 7.690% (TSFR3M + 3.000%) due 03/18/2030 ~ | 274 | 275 |
| **Raven Acquisition Holdings LLC**  |  |  |
| TBD% - 9.859% (TSFR1M + 3.000%) due 11/19/2031 ~ | 186 | 187 |
| TBD% - 9.859% due 11/19/2031 ~µ | 13 | 13 |
| **RealPage, Inc.**<br>6.934% - 7.398% (TSFR3M + 3.000%) due 04/24/2028 ~ | 214 | 214 |
| **Renaissance Holdings Corp.**<br>7.716% (TSFR1M + 4.000%) due 04/05/2030 ~ | 392 | 343 |
| **Rockpoint Gas Storage Partners LP**<br>6.172% (TSFR3M + 2.500%) due 09/18/2031 ~ | 372 | 375 |
| **SCIH Salt Holdings, Inc.**<br>6.522% - 7.730% (TSFR3M + 2.750%) due 01/31/2029 ~ | 147 | 147 |
| **Sedgwick Claims Management Services, Inc.**<br>6.216% - 8.247% (TSFR1M + 2.500%) due 07/31/2031 ~ | 293 | 294 |
| **Smyrna Ready Mix Concrete LLC**<br>6.716% - 7.590% (TSFR1M + 3.000%) due 04/02/2029 ~ | 124 | 125 |
| **Sotera Health Holdings LLC**<br>6.340% - 8.000% (TSFR3M + 2.500%) due 05/30/2031 ~ | 68 | 68 |
| **Specialty Building Products Holdings LLC**<br>7.566% (TSFR1M + 3.750%) due 10/16/2028 ~ | 122 | 114 |
| **Star Parent, Inc.**<br>7.672% (TSFR3M + 4.000%) due 09/27/2030 ~ | 191 | 191 |
| **Starwood Property Trust, Inc.**<br>5.716% - 9.340% (TSFR1M + 2.000%) due 01/02/2030 «~ | 199 | 199 |
| **Stonepeak Nile Parent LLC**<br>6.162% - 8.445% (TSFR3M + 2.250%) due 04/09/2032 ~ | 700 | 701 |
| **Student Transportation of America Holdings, Inc.**  |  |  |
| TBD% - 7.398% due 06/24/2032 µ | 61 | 61 |
| TBD% - 7.398% due 06/24/2032 | 81 | 81 |
| TBD% - 7.398% (TSFR3M + 3.250%) due 06/24/2032 ~ | 1 | 1 |
| **Syniverse Holdings, Inc.**<br>10.672% (TSFR3M + 7.000%) due 05/13/2027 ~ | 538 | 521 |
| **Tacala LLC**<br>6.716% - 7.590% (TSFR1M + 3.000%) due 01/31/2031 ~ | 517 | 521 |
| **team.blue Finco SARL**<br>TBD% due 07/12/2032 | 398 | 401 |
| **Third Coast Infrastructure LLC**<br>7.466% (TSFR1M + 3.750%) due 09/25/2030 ~ | 321 | 324 |
| **Tidal Waste & Recycling Holdings LLC**<br>6.422% - 7.922% (TSFR3M + 2.750%) due 10/24/2031 ~ | 447 | 451 |
| **TK Elevator Midco GmbH**<br>6.947% - 7.384% (TSFR6M + 2.750%) due 04/30/2030 ~ | 289 | 291 |
| **TransDigm, Inc.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 02/28/2031 ~ | 635 | 638 |
| **Trident TPI Holdings, Inc.**<br>7.422% (TSFR3M + 3.750%) due 09/15/2028 ~ | 393 | 378 |
| **Truist Insurance Holdings LLC**<br>6.422% - 7.905% (TSFR3M + 2.750%) due 05/06/2031 ~ | 460 | 461 |
| **Turquoise Topco Ltd.**<br>TBD% due 12/30/2032 « | 650 | 643 |
| **U.S. Renal Care, Inc.**<br>8.831% (TSFR1M + 5.000%) due 06/28/2028 ~ | 1240 | 1171 |
| **UKG, Inc.**<br>6.338% - 8.000% (TSFR3M + 2.500%) due 02/10/2031 ~ | 594 | 595 |
| **United Talent Agency LLC**<br>6.750% - 7.566% (TSFR1M + 3.000%) due 06/10/2032 «~ | 1023 | 1032 |
| **Van Pool Transportation LLC**  |  |  |
| 3.500% - 9.738% (TSFR3M + 3.250%) due 08/06/2030 ~µ | 54 | 55 |
| 3.500% - 9.738% (TSFR3M + 3.250%) due 08/06/2030 ~ | 396 | 398 |
| **Varsity Brands, Inc.**<br>6.672% - 7.690% (TSFR3M + 3.000%) due 08/26/2031 ~ | 398 | 400 |
| **Veritiv Corp.**<br>7.672% (TSFR3M + 4.000%) due 12/02/2030 ~ | 397 | 397 |
| **Versant Media Group, Inc.**<br>TBD% due 01/30/2031 | 450 | 451 |
| **VFS Global**<br>6.288% - 8.110% (TSFR6M + 2.500%) due 10/07/2032 ~ | 441 | 443 |
| **Virgin Media Bristol LLC**<br>7.115% - 7.221% (TSFR1M + 3.250%) due 01/31/2029 ~ | 425 | 427 |
| **Vista Management Holding, Inc.**<br>7.735% (TSFR3M + 3.750%) due 04/01/2031 ~ | 248 | 250 |
| **Wasserman Media Group LLC**<br>6.716% - 7.590% (TSFR1M + 3.000%) due 06/23/2032 «~ | 374 | 376 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **WCG Intermediate Corp.**<br>6.716% - 7.655% (TSFR1M + 3.000%) due 02/25/2032 ~ | 49 | 49 |
| **White Cap Buyer LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 10/19/2029 ~ | 173 | 174 |
| **X Corp.**<br>10.448% (TSFR3M + 6.500%) due 10/26/2029 ~ | 1163 | 1145 |
| **Xplor T1 LLC**<br>7.292% (TSFR3M + 3.500%) due 12/01/2032 «~ | 421 | 422 |
| **Zayo Group Holdings, Inc. (6.830% Cash and 0.500% PIK)**<br>6.831% (TSFR1M + 0.500%) due 03/11/2030 ~(a) | 128 | 122 |
| Total Loan Participations and Assignments (Cost $65,880) |  | 65752 |
| **CORPORATE BONDS & NOTES 31.5%**  |  |  |
| **BANKING & FINANCE 5.4%**  |  |  |
| **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer** <br>6.750% due 10/15/2027 | 300 | 303 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp.** <br>6.875% due 06/15/2030 | 175 | 182 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL** <br>4.625% due 06/01/2028 | 325 | 321 |
| **Asurion LLC & Asurion Co-Issuer, Inc.** <br>8.000% due 12/31/2032 | 130 | 135 |
| **Bread Financial Holdings, Inc.** <br>6.750% due 05/15/2031 | 100 | 104 |
| **Burford Capital Global Finance LLC** <br>9.250% due 07/01/2031 | 500 | 515 |
| **CrossCountry Intermediate HoldCo LLC** <br>6.500% due 10/01/2030 | 50 | 51 |
| **Encore Capital Group, Inc.** <br>8.500% due 05/15/2030 | 675 | 726 |
| **Freedom Mortgage Holdings LLC** <br>8.375% due 04/01/2032 | 100 | 105 |
| **Hudson Pacific Properties LP** <br>5.950% due 02/15/2028 | 200 | 197 |
| **Icahn Enterprises LP/Icahn Enterprises Finance Corp.**  |  |  |
| 6.250% due 05/15/2026  | 60 | 60 |
| 9.000% due 06/15/2030  | 125 | 120 |
| 9.750% due 01/15/2029  | 200 | 200 |
| **ION Platform Finance U.S., Inc.** <br>7.875% due 09/30/2032 | 200 | 190 |
| **Jane Street Group/JSG Finance, Inc.** <br>6.750% due 05/01/2033 | 300 | 313 |
| **Jefferson Capital Holdings LLC** <br>9.500% due 02/15/2029 | 350 | 369 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>7.000% due 07/15/2031 | 225 | 239 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 600 | 644 |
| **Nissan Motor Acceptance Co. LLC** <br>5.625% due 09/29/2028 | 300 | 301 |
| **OneMain Finance Corp.**  |  |  |
| 6.625% due 05/15/2029  | 300 | 311 |
| 6.750% due 09/15/2033  | 200 | 203 |
| **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** <br>6.375% due 02/01/2027 | 200 | 201 |
| **PRA Group, Inc.** <br>8.875% due 01/31/2030 | 200 | 208 |
| **Rocket Cos., Inc.** <br>7.125% due 02/01/2032 | 125 | 131 |
| **Starwood Property Trust, Inc.**  |  |  |
| 5.750% due 01/15/2031  | 300 | 304 |
| 6.500% due 07/01/2030  | 250 | 262 |
| **USI, Inc.** <br>7.500% due 01/15/2032 | 200 | 210 |
| **UWM Holdings LLC** <br>6.250% due 03/15/2031 | 150 | 150 |
| **XHR LP** <br>6.625% due 05/15/2030 | 100 | 103 |
|  |  | 7158 |
| **INDUSTRIALS 24.8%**  |  |  |
| **1011778 BC ULC/New Red Finance, Inc.** <br>3.500% due 02/15/2029 | 100 | 97 |
| **Ahead DB Holdings LLC** <br>6.625% due 05/01/2028 | 300 | 302 |
| **Albion Financing 1 SARL/Aggreko Holdings, Inc.** <br>7.000% due 05/21/2030 | 400 | 419 |
| **Altice France SA** <br>9.500% due 11/01/2029 | 558 | 577 |
| **American Axle & Manufacturing, Inc.** <br>6.375% due 10/15/2032 | 100 | 102 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ams-OSRAM AG** <br>12.250% due 03/30/2029 | 625 | 667 |
| **Ascent Resources Utica Holdings LLC/ARU Finance Corp.**  |  |  |
| 6.625% due 10/15/2032  | 125 | 130 |
| 9.000% due 11/01/2027  | 100 | 128 |
| **Aston Martin Capital Holdings Ltd.** <br>10.000% due 03/31/2029 | 200 | 186 |
| **Axon Enterprise, Inc.** <br>6.125% due 03/15/2030 | 150 | 155 |
| **B&G Foods, Inc.** <br>8.000% due 09/15/2028 | 400 | 394 |
| **Bausch Health Cos., Inc.** <br>4.875% due 06/01/2028 | 100 | 90 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 1375 | 1454 |
| **Block, Inc.**  |  |  |
| 5.625% due 08/15/2030  | 150 | 153 |
| 6.500% due 05/15/2032  | 390 | 406 |
| **Builders FirstSource, Inc.** <br>5.000% due 03/01/2030 | 150 | 150 |
| **Carnival Corp.** <br>5.750% due 08/01/2032 | 775 | 796 |
| **CCO Holdings LLC/CCO Holdings Capital Corp.** <br>4.750% due 02/01/2032 | 700 | 640 |
| **Century Communities, Inc.** <br>6.625% due 09/15/2033 | 100 | 101 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 175 | 182 |
| **Chord Energy Corp.** <br>6.750% due 03/15/2033 | 350 | 362 |
| **CHS/Community Health Systems, Inc.**  |  |  |
| 6.000% due 01/15/2029  | 25 | 25 |
| 6.875% due 04/15/2029  | 150 | 134 |
| 9.750% due 01/15/2034  | 150 | 158 |
| **Churchill Downs, Inc.** <br>4.750% due 01/15/2028 | 200 | 200 |
| **Civitas Resources, Inc.** <br>9.625% due 06/15/2033 | 75 | 81 |
| **Clarivate Science Holdings Corp.** <br>4.875% due 07/01/2029 | 150 | 142 |
| **Clear Channel Outdoor Holdings, Inc.** <br>7.750% due 04/15/2028 | 225 | 225 |
| **Clydesdale Acquisition Holdings, Inc.** <br>6.750% due 04/15/2032 | 100 | 103 |
| **Comstock Resources, Inc.**  |  |  |
| 5.875% due 01/15/2030  | 50 | 49 |
| 6.750% due 03/01/2029  | 175 | 175 |
| **CoreWeave, Inc.** <br>9.000% due 02/01/2031 | 150 | 138 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | 100 | 96 |
| **CSC Holdings LLC**  |  |  |
| 5.375% due 02/01/2028  | 50 | 36 |
| 5.500% due 04/15/2027  | 225 | 193 |
| 6.500% due 02/01/2029  | 225 | 149 |
| 7.500% due 04/01/2028  | 100 | 58 |
| 11.250% due 05/15/2028  | 100 | 80 |
| 11.750% due 01/31/2029  | 225 | 167 |
| **DaVita, Inc.**  |  |  |
| 6.750% due 07/15/2033  | 125 | 130 |
| 6.875% due 09/01/2032  | 125 | 130 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 150 | 154 |
| **Discovery Communications LLC** <br>3.625% due 05/15/2030 | 50 | 46 |
| **Dream Finders Homes, Inc.** <br>6.875% due 09/15/2030 | 125 | 126 |
| **DT Midstream, Inc.** <br>4.125% due 06/15/2029 | 150 | 148 |
| **EQT Corp.** <br>7.500% due 06/01/2030 | 100 | 110 |
| **EW Scripps Co.** <br>9.875% due 08/15/2030 | 450 | 450 |
| **Frontier Communications Holdings LLC** <br>6.750% due 05/01/2029 | 100 | 101 |
| **Gap, Inc.** <br>3.625% due 10/01/2029 | 125 | 119 |
| **GFL Environmental, Inc.** <br>4.375% due 08/15/2029 | 200 | 197 |
| **Goat Holdco LLC** <br>6.750% due 02/01/2032 | 200 | 206 |
| **goeasy Ltd.**  |  |  |
| 6.875% due 05/15/2030  | 150 | 143 |
| 7.625% due 07/01/2029  | 175 | 173 |
| 9.250% due 12/01/2028  | 500 | 514 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Gray Media, Inc.**  |  |  |
| 4.750% due 10/15/2030  | 575 | 446 |
| 9.625% due 07/15/2032  | 250 | 260 |
| **Griffon Corp.** <br>5.750% due 03/01/2028 | 250 | 251 |
| **Gulfport Energy Operating Corp.** <br>6.750% due 09/01/2029 | 150 | 155 |
| **Herc Holdings, Inc.** <br>5.750% due 03/15/2031 | 50 | 51 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.750% due 05/01/2029  | 100 | 97 |
| 5.750% due 09/15/2033  | 140 | 143 |
| **Hologic, Inc.** <br>3.250% due 02/15/2029 | 250 | 247 |
| **Howard Midstream Energy Partners LLC** <br>6.625% due 01/15/2034 | 325 | 334 |
| **Hughes Satellite Systems Corp.**  |  |  |
| 5.250% due 08/01/2026  | 50 | 48 |
| 6.625% due 08/01/2026  | 50 | 46 |
| **K Hovnanian Enterprises, Inc.** <br>8.000% due 04/01/2031 | 50 | 51 |
| **KBR, Inc.** <br>4.750% due 09/30/2028 | 400 | 394 |
| **Kioxia Holdings Corp.** <br>0.000% due 07/24/2033 ~ | 75 | 78 |
| **Kodiak Gas Services LLC**  |  |  |
| 6.500% due 10/01/2033  | 75 | 77 |
| 7.250% due 02/15/2029  | 125 | 130 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 325 | 322 |
| **LBM Acquisition LLC** <br>6.250% due 01/15/2029 | 200 | 180 |
| **Level 3 Financing, Inc.** <br>7.000% due 03/31/2034 | 105 | 108 |
| **LifePoint Health, Inc.** <br>8.375% due 02/15/2032 | 200 | 217 |
| **Lithia Motors, Inc.** <br>5.500% due 10/01/2030 | 100 | 101 |
| **Live Nation Entertainment, Inc.** <br>3.750% due 01/15/2028 | 100 | 99 |
| **Matador Resources Co.**  |  |  |
| 6.250% due 04/15/2033  | 200 | 201 |
| 6.500% due 04/15/2032  | 100 | 101 |
| **Mauser Packaging Solutions Holding Co.**  |  |  |
| 7.875% due 04/15/2030  | 200 | 199 |
| 9.250% due 04/15/2030  | 300 | 289 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** <br>7.375% due 02/15/2031 | 600 | 535 |
| **MGM Resorts International** <br>5.500% due 04/15/2027 | 125 | 126 |
| **Molina Healthcare, Inc.** <br>4.375% due 06/15/2028 | 200 | 197 |
| **Nabors Industries, Inc.**  |  |  |
| 7.625% due 11/15/2032  | 150 | 147 |
| 9.125% due 01/31/2030  | 200 | 210 |
| **NCR Atleos Corp.** <br>9.500% due 04/01/2029 | 150 | 163 |
| **Neptune Bidco U.S., Inc.** <br>9.290% due 04/15/2029 | 250 | 251 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 04/30/2029 | 194 | 179 |
| **Nexstar Media, Inc.** <br>4.750% due 11/01/2028 | 150 | 149 |
| **Nissan Motor Co. Ltd.** <br>7.500% due 07/17/2030 | 125 | 131 |
| **Novelis Corp.**  |  |  |
| 4.750% due 01/30/2030  | 300 | 290 |
| 6.875% due 01/30/2030  | 50 | 52 |
| **NuStar Logistics LP** <br>6.000% due 06/01/2026 | 100 | 101 |
| **ON Semiconductor Corp.** <br>3.875% due 09/01/2028 | 200 | 196 |
| **Open Text Corp.** <br>3.875% due 02/15/2028 | 275 | 270 |
| **Organon & Co./Organon Foreign Debt Co-Issuer BV** <br>4.125% due 04/30/2028 | 400 | 391 |
| **Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.** <br>8.750% due 04/17/2032 | 100 | 91 |
| **Park River Holdings, Inc.** <br>8.000% due 03/15/2031 | 50 | 52 |
| **Performance Food Group, Inc.** <br>4.250% due 08/01/2029 | 250 | 245 |
| **Permian Resources Operating LLC** <br>5.875% due 07/01/2029 | 200 | 202 |
| **Post Holdings, Inc.**  |  |  |
| 6.250% due 10/15/2034  | 175 | 176 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 03/15/2036  | 250 | 250 |
| **Prime Healthcare Services, Inc.** <br>9.375% due 09/01/2029 | 125 | 131 |
| **Prime Security Services Borrower LLC/Prime Finance, Inc.** <br>3.375% due 08/31/2027 | 100 | 98 |
| **Primo Water Holdings, Inc./Triton Water Holdings, Inc.** <br>4.375% due 04/30/2029 | 200 | 195 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 400 | 418 |
| **Radiology Partners, Inc.** <br>8.500% due 07/15/2032 | 125 | 131 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 175 | 180 |
| **Sable International Finance Ltd.** <br>7.125% due 10/15/2032 | 400 | 406 |
| **Science Applications International Corp.** <br>5.875% due 11/01/2033 | 250 | 254 |
| **SCIH Salt Holdings, Inc.** <br>4.875% due 05/01/2028 | 225 | 226 |
| **Seagate Data Storage Technology Pte. Ltd.**  |  |  |
| 4.091% due 06/01/2029  | 125 | 123 |
| 5.875% due 07/15/2030  | 300 | 310 |
| 8.250% due 12/15/2029  | 100 | 106 |
| **Sirius XM Radio LLC**  |  |  |
| 3.875% due 09/01/2031  | 100 | 92 |
| 4.125% due 07/01/2030  | 250 | 238 |
| **SM Energy Co.**  |  |  |
| 6.750% due 08/01/2029  | 100 | 101 |
| 7.000% due 08/01/2032  | 100 | 98 |
| **Snap, Inc.** <br>6.875% due 03/01/2033 | 150 | 156 |
| **Specialty Building Products Holdings LLC/SBP Finance Corp.** <br>7.750% due 10/15/2029 | 400 | 391 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 475 | 464 |
| **Standard Industries, Inc.** <br>4.750% due 01/15/2028 | 200 | 200 |
| **Station Casinos LLC** <br>4.500% due 02/15/2028 | 275 | 273 |
| **Sunoco LP** <br>5.625% due 03/15/2031 | 200 | 202 |
| **Surgery Center Holdings, Inc.** <br>7.250% due 04/15/2032 | 250 | 253 |
| **Synergy Infrastructure Holdings LLC** <br>7.875% due 12/01/2030 | 50 | 52 |
| **Taylor Morrison Communities, Inc.** <br>5.750% due 11/15/2032 | 50 | 51 |
| **TEGNA, Inc.** <br>5.000% due 09/15/2029 | 100 | 99 |
| **Tenet Healthcare Corp.** <br>4.375% due 01/15/2030 | 250 | 245 |
| **Tidewater, Inc.** <br>9.125% due 07/15/2030 | 53 | 57 |
| **Transocean Aquila Ltd.** <br>8.000% due 09/30/2028 | 108 | 112 |
| **Transocean International Ltd.**  |  |  |
| 8.250% due 05/15/2029  | 50 | 50 |
| 8.500% due 05/15/2031  | 400 | 396 |
| **TreeHouse Foods, Inc.** <br>4.000% due 09/01/2028 | 150 | 150 |
| **Twilio, Inc.** <br>3.625% due 03/15/2029 | 100 | 97 |
| **United Rentals North America, Inc.** <br>4.000% due 07/15/2030 | 150 | 145 |
| **Univision Communications, Inc.**  |  |  |
| 4.500% due 05/01/2029  | 175 | 168 |
| 8.500% due 07/31/2031  | 175 | 183 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 275 | 286 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 250 | 241 |
| 9.500% due 02/01/2029  | 125 | 130 |
| 9.875% due 02/01/2032  | 650 | 672 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 200 | 204 |
| 6.500% due 01/15/2034  | 75 | 77 |
| 6.750% due 01/15/2036  | 75 | 77 |
| **Vertiv Group Corp.** <br>4.125% due 11/15/2028 | 100 | 99 |
| **Virgin Media Secured Finance PLC** <br>4.500% due 08/15/2030 | 475 | 441 |
| **Virgin Media Vendor Financing Notes IV DAC** <br>5.000% due 07/15/2028 | 175 | 172 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 100 | 100 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Warnermedia Holdings, Inc.**  |  |  |
| 3.755% due 03/15/2027  | 50 | 50 |
| 4.279% due 03/15/2032  | 100 | 88 |
| 5.050% due 03/15/2042  | 125 | 88 |
| **Wayfair LLC**  |  |  |
| 6.750% due 11/15/2032  | 150 | 154 |
| 7.750% due 09/15/2030  | 75 | 80 |
| **WBI Operating LLC**  |  |  |
| 6.250% due 10/15/2030  | 100 | 101 |
| 6.500% due 10/15/2033  | 125 | 125 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 575 | 589 |
| **Wildfire Intermediate Holdings LLC** <br>7.500% due 10/15/2029 | 50 | 51 |
| **WR Grace Holdings LLC** <br>6.625% due 08/15/2032 | 150 | 152 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.** <br>6.250% due 03/15/2033 | 100 | 102 |
| **Zayo Group Holdings, Inc. (5.750% Cash and 0.500% PIK)** <br>6.250% due 03/09/2030 (a) | 129 | 122 |
| **ZoomInfo Technologies LLC/ZoomInfo Finance Corp.** <br>3.875% due 02/01/2029 | 200 | 189 |
|  |  | 32717 |
| **UTILITIES 1.3%**  |  |  |
| **Aethon United BR LP/Aethon United Finance Corp.** <br>7.500% due 10/01/2029 | 250 | 262 |
| **Calpine Corp.**  |  |  |
| 4.500% due 02/15/2028  | 175 | 175 |
| 5.125% due 03/15/2028  | 250 | 250 |
| **ContourGlobal Power Holdings SA** <br>6.750% due 02/28/2030 | 325 | 335 |
| **Edison International** <br>8.125% due 06/15/2053 •  | 75 | 78 |
| **Genesis Energy LP/Genesis Energy Finance Corp.** <br>8.000% due 05/15/2033 | 100 | 104 |
| **Hawaiian Electric Co., Inc.** <br>6.000% due 10/01/2033 | 50 | 51 |
| **NRG Energy, Inc.**  |  |  |
| 3.375% due 02/15/2029  | 150 | 144 |
| 6.250% due 11/01/2034  | 150 | 154 |
| **Vistra Operations Co. LLC** <br>6.875% due 04/15/2032 | 200 | 211 |
|  |  | 1764 |
| Total Corporate Bonds & Notes (Cost $40,755) |  | 41639 |
| **U.S. TREASURY OBLIGATIONS 4.5%**  |  |  |
| **U.S. Treasury Floating Rate Notes**  |  |  |
| 3.761% due 07/31/2027 •  | 4700 | 4703 |
| **U.S. Treasury Notes**  |  |  |
| 3.625% due 10/31/2030 | 1175 | 1170 |
| 4.125% due 10/31/2031 | 100 | 102 |
| Total U.S. Treasury Obligations (Cost $5,970) |  | 5975 |
|  | SHARES |  |
| **COMMON STOCKS 0.4%**  |  |  |
| **HEALTH CARE 0.4%**  |  |  |
| **AmSurg Corp. «(b)(f)** | 11642 | 523 |
| Total Common Stocks (Cost $486) |  | 523 |
| **SHORT-TERM INSTRUMENTS 2.7%**  |  |  |
| **MUTUAL FUNDS 1.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (e) | 1642748 | 1643 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 1.5%**  |  |  |
| 3.833% due 01/29/2026 - 02/05/2026 (c)(d) | 2000 | 1994 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $3,637) |  | 3637 |
| Total Investments in Securities (Cost $116,728) |  | 117526 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 9.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1242866 | 12107 |
| Total Short-Term Instruments (Cost $12,104) |  | 12107 |
| Total Investments in Affiliates (Cost $12,104) |  | 12107 |
| Total Investments 98.1% (Cost $128,832) |  | $129633 |
| **Financial Derivative Instruments (g) (0.0)**%(Cost or Premiums, net $1,170) |  | (4) |
| Other Assets and Liabilities, net 1.9% |  | 2506 |
| Net Assets 100.0% |  | $132135 |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(f)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description |  |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| AmSurg Corp. | AmSurg Corp. | AmSurg Corp. | AmSurg Corp. |  |  | 11/02/2023 - 11/06/2023 | 11/02/2023 - 11/06/2023 | $486 | 486 | 486 | $ | 523 | 0.40% |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 48 | 10022 | $9 | 9 | 9 | 9 | 0 | 0 | (3) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 48 | 5247 | (8) | (8) | (8) | (8) | 0 | 0 | (6) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 3 | 345 | (1) | (1) | (1) | (1) | 0 | 0 | (1) |
|  |  |  |  |  |  |  | 0 | 0 | 0 | $ | 0 | $ | (10) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 5 | (578) | $1 | 1 | 1 | 1 | 1 | 1 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **1** | **1** | **1** | **$** | **1** | **$** | **(10)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| Bombardier, Inc.  | 06/20/2029 | 0.761 | 0.761 | % | $400 | 54 | 2 | 2 | $56 | 56 | 56 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| CDX.HY-45 5-Year Index  | Quarterly | 12/20/2030 | 12/20/2030 | $ | 14900 | 1088 | 70 | 70 | $1158 | 1158 | 1158 | 0 | $(7) |

---

------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | 3.750% | 12/17/2030 | 2275 | 2275 | 2275 | (33) | (33) | 3 | 3 | (30) | (30) | 3 | 3 | $0 |
| Receive | 3.250 | 06/18/2032 | 2775 | 2775 | 2775 | 65 | 65 | 0 | 0 | 65 | 65 | 5 | 5 | 0 |
| Receive | 3.750 | 12/17/2035 | 1250 | 1250 | 1250 | (4) | (4) | 8 | 8 | 4 | 4 | 3 | 3 | 0 |
|  |  |  |  |  | $ | 28 | $ | 11 | $ | 39 | $ | 11 | $ | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **1170** | **$** | **83** | **$** | **1253** | **$** | **11** | **$** | **(7)** |
| **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,888 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. | Unsettled variation margin asset of $1 for closed futures is outstanding at period end. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $ | 60892 | $ | 4860 | $ | $65752 | 65752 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 |  | 7158 |  | 0 |  | 7158 | 7158 |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 |  | 32717 |  | 0 |  | 32717 | 32717 |  |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 |  | 1764 |  | 0 |  | 1764 | 1764 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 |  | 5975 |  | 0 |  | 5975 | 5975 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Health Care | Health Care | Health Care | Health Care | 0 | 0 | 0 |  | 0 |  | 523 |  | 523 | 523 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 |  | 1643 |  | 0 |  | 1643 | 1643 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 |  | 1994 |  | 0 |  | 1994 | 1994 |  |
|  |  |  |  | $0 | 0 | 0 | $ | 112143 | $ | 5383 | $ | $117526 | 117526 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $12107 | 12107 | 12107 | $ | 0 | $ | 0 | $ | $12107 | 12107 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $12107 | 12107 | 12107 | $ | 112143 | $ | 5383 | $ | $129633 | 129633 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | $0 | 0 | 0 | $ | 12 | $ | 0 | $ | $12 | 12 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | $0 | 0 | 0 | $ | (17) | $ | 0 | $ | $(17) | (17) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | $ | (5) | $ | 0 | $ | $(5) | (5) |  |
| Totals | Totals | Totals | Totals | $12107 | 12107 | 12107 | $ | 112138 | $ | 5383 | $ | $129628 | 129628 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Net<br>Purchases  | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |

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------

<br> Schedule of Investments PIMCO Low Duration Credit Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $5427 | 5427 | 2996 | $ | $(4131) | $4 | $30 | $85 | $1122 | $(673) | (673) | (673) | 4860 | $ | 13 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials |  | 164 | 0 |  | (200) | 0 | 0 | 36 | 0 | 0 | 0 | 0 | 0 |  | 0 |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Health Care |  | 544 | 0 |  | 0 | 0 | 0 | (21) | 0 | 0 | 0 | 0 | 523 |  | (21) |
| Energy |  | 33 | 0 |  | (14) | 0 | 14 | (33) | 0 | 0 | 0 | 0 | 0 |  | 0 |
| Totals | $6168 | 6168 | 2996 | $ | $(4345) | $4 | $44 | $67 | $1122 | $(673) | (673) | (673) | 5383 | $ | (8) |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs |  | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $1069 | 1069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | X | 16.360 | 16.360 |  |  |
|  |  |  | 3791 | 3791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 78.500 - 101.500 | 78.500 - 101.500 | 98.371 | 98.371 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Health Care | Health Care | Health Care | 523 | 523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | X | 16.360 | 16.360 |  |  |
| Total | Total | Total | $5383 | 5383 |  |  |  |  |  |  |  |  |  |  |  |
| Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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------

<br> Schedule of Investments PIMCO Low Duration ESG Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 132.2% ¤** |  |  |
| **CORPORATE BONDS & NOTES 11.6%**  |  |  |
| **BANKING & FINANCE 8.8%**  |  |  |
| **American Express Co.** <br>5.645% due 04/23/2027 •  | $1000 | $1005 |
| **Asian Development Bank** <br>6.000% due 02/05/2026 | 11000 | 2004 |
| **Athene Global Funding** <br>3.054% (EUR003M + 1.000%) due 02/23/2027 ~ | 600 | 709 |
| **Bank of America Corp.** <br>4.623% due 05/09/2029 •  | $700 | 709 |
| **Banque Federative du Credit Mutuel SA** <br>5.194% due 02/16/2028 | 400 | 409 |
| **BPCE SA**  |  |  |
| 5.975% due 01/18/2027 •  | 400 | 400 |
| 6.612% due 10/19/2027 •  | 800 | 815 |
| **Citibank NA** <br>4.876% due 11/19/2027 •  | 600 | 604 |
| **Cooperatieve Rabobank UA** <br>4.395% (SOFRINDX + 0.620%) due 08/28/2026 ~ | 500 | 501 |
| **CTP NV** <br>0.625% due 09/27/2026 | 1100 | 1276 |
| **Deutsche Bank AG** <br>4.999% due 09/11/2030 •  | $600 | 609 |
| **Equitable Financial Life Global Funding** <br>1.300% due 07/12/2026 | 1700 | 1676 |
| **Goldman Sachs Bank USA** <br>4.539% (SOFRRATE + 0.750%) due 05/21/2027 ~ | 800 | 801 |
| **Goldman Sachs Group, Inc.** <br>4.937% due 04/23/2028 •  | 800 | 809 |
| **HAT Holdings I LLC/HAT Holdings II LLC** <br>3.375% due 06/15/2026 | 183 | 182 |
| **International Bank for Reconstruction & Development** <br>5.310% due 02/05/2026 | 26000 | 1570 |
| **JPMorgan Chase & Co.**  |  |  |
| 5.571% due 04/22/2028 •  | $1300 | 1326 |
| 6.070% due 10/22/2027 •  | 1000 | 1016 |
| **KEB Hana Bank** <br>5.375% due 04/23/2027 | 1500 | 1529 |
| **Morgan Stanley** <br>4.968% (SOFRRATE + 1.020%) due 04/13/2028 ~ | 800 | 804 |
| **Morgan Stanley Bank NA** <br>5.016% due 01/12/2029 •  | 800 | 815 |
| **Norinchukin Bank**  |  |  |
| 1.284% due 09/22/2026  | 2200 | 2156 |
| 5.094% due 10/16/2029  | 500 | 510 |
| 5.430% due 03/09/2028  | 600 | 615 |
| **Pacific Life Global Funding II** <br>1.375% due 04/14/2026 | 1900 | 1886 |
| **Santander U.K. Group Holdings PLC** <br>4.795% (SOFRINDX + 1.070%) due 09/22/2029 ~ | 300 | 300 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.464% due 01/13/2026 | 1200 | 1201 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>5.500% due 03/09/2028 | 400 | 413 |
| **Toronto-Dominion Bank** <br>5.264% due 12/11/2026 | 1200 | 1215 |
| **Toyota Motor Credit Corp.** <br>4.550% due 08/07/2026 | 200 | 201 |
| **UBS Group AG** <br>5.711% due 01/12/2027 •  | 1300 | 1301 |
|  |  | 29367 |
| **INDUSTRIALS 2.0%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 530 | 560 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.750% due 03/21/2028  | 430 | 436 |
| 5.050% due 08/11/2028  | 670 | 687 |
| **Denso Corp.** <br>4.420% due 09/11/2029 | 500 | 504 |

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<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Global Payments, Inc.** <br>4.500% due 11/15/2028 | 300 | 301 |
| **JSW Hydro Energy Ltd.** <br>4.125% due 05/18/2031 | 765 | 712 |
| **NTT Finance Corp.** <br>4.567% due 07/16/2027 | 200 | 202 |
| **Snam SpA** <br>5.000% due 05/28/2030 | 700 | 714 |
| **Weir Group PLC** <br>2.200% due 05/13/2026 | 2500 | 2478 |
|  |  | 6594 |
| **UTILITIES 0.8%**  |  |  |
| **AES Corp.** <br>5.450% due 06/01/2028 | 1000 | 1024 |
| **Enel Finance International NV** <br>1.625% due 07/12/2026 | 1500 | 1481 |
| **NBN Co. Ltd.** <br>4.000% due 10/01/2027 | 300 | 300 |
|  |  | 2805 |
| Total Corporate Bonds & Notes (Cost $38,687) |  | 38766 |
| **MUNICIPAL BONDS & NOTES 0.6%**  |  |  |
| **CALIFORNIA 0.3%**  |  |  |
| **California Health Facilities Financing Authority Revenue Notes, Series 2020** <br>1.168% due 06/01/2026 | 1000 | 990 |
| **NEW YORK 0.3%**  |  |  |
| **New York City, New York Housing Development Corp. Revenue Notes, Series 2021**  |  |  |
| 1.023% due 05/01/2026  | 650 | 644 |
| 1.123% due 11/01/2026  | 250 | 245 |
|  |  | 889 |
| Total Municipal Bonds & Notes (Cost $1,900) |  | 1879 |
| **U.S. GOVERNMENT AGENCIES 26.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 0.800% due 10/28/2026 | 1700 | 1662 |
| 2.500% due 07/01/2050 | 1420 | 1216 |
| 3.000% due 01/01/2027 | 3 | 3 |
| 4.000% due 06/01/2048 - 10/01/2053 | 4279 | 4076 |
| 4.500% due 07/01/2053 - 10/01/2053 | 9558 | 9348 |
| 5.000% due 10/01/2033 - 10/01/2053 | 8023 | 8040 |
| 5.500% due 08/01/2053 | 744 | 757 |
| 6.365% due 08/01/2035 •  | 3 | 3 |
| 6.505% due 06/01/2035 •  | 7 | 7 |
| 6.797% due 07/01/2035 •  | 2 | 2 |
| **Federal Home Loan Mortgage Corp. Multiclass Certificates**<br>0.826% due 02/25/2031 | 2099 | 1915 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 1.136% due 09/25/2030 ~(a) | 13618 | 574 |
| 2.875% due 04/25/2026 | 756 | 752 |
| 2.939% due 04/25/2029 | 1900 | 1838 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.723% due 12/15/2042 •  | 266 | 263 |
| 4.808% due 10/15/2037 •  | 17 | 17 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>3.123% due 08/15/2044 •  | 89 | 94 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.229% due 02/25/2045 •  | 9 | 9 |
| 6.500% due 07/25/2043 | 27 | 28 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 12/01/2026 - 04/01/2052 | 12284 | 10975 |
| 4.000% due 08/01/2047 - 07/01/2053 | 1884 | 1804 |
| 4.437% due 08/01/2029 •  | 1 | 1 |
| 4.500% due 07/01/2053 | 5410 | 5297 |
| 5.000% due 04/01/2053 - 11/01/2053 | 17424 | 17439 |
| 5.277% due 07/01/2042 •  | 3 | 3 |
| 5.327% due 09/01/2041 •  | 8 | 8 |
| 5.802% due 11/01/2035 •  | 2 | 2 |
| 5.864% due 11/01/2034 •  | 1 | 2 |
| 5.895% due 02/01/2031 •  | 1 | 1 |
| 6.315% due 05/01/2035 •  | 1 | 1 |
| 6.375% due 11/01/2035 •  | 2 | 2 |
| 6.472% due 08/01/2035 •  | 12 | 13 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 1.000% due 01/25/2043 | 3 | 3 |
| 3.500% due 02/25/2043 (a) | 100 | 3 |
| 5.000% due 01/25/2040 - 07/25/2040 | 71 | 73 |
| 5.750% due 10/25/2035 | 2 | 2 |

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<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Federal National Mortgage Association REMICS Trust**<br>4.698% due 12/25/2042 ~ | 2 | 2 |
| **Federal National Mortgage Association Trust**<br>4.536% due 09/25/2042 •  | 19 | 19 |
| **Government National Mortgage Association**  |  |  |
| 3.500% due 05/20/2049 - 08/20/2049 | 1403 | 1291 |
| 4.000% due 06/20/2048 | 480 | 456 |
| 5.625% due 06/20/2027 - 02/20/2032 •  | 6 | 6 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.287% due 10/20/2043 •  | 203 | 197 |
| 4.574% due 02/20/2067 •  | 71 | 71 |
| 4.614% due 07/20/2067 •  | 97 | 97 |
| 4.670% due 04/20/2065 •  | 17 | 17 |
| 4.680% due 06/20/2065 •  | 19 | 19 |
| 4.694% due 05/20/2066 •  | 2 | 2 |
| 4.714% due 04/20/2065 •  | 129 | 129 |
| 4.744% due 03/20/2065 •  | 203 | 203 |
| 4.764% due 11/20/2065 •  | 18 | 18 |
| 4.834% due 02/20/2066 •  | 17 | 17 |
| 4.878% due 08/20/2073 •  | 640 | 648 |
| 4.884% due 10/20/2066 •  | 131 | 131 |
| 5.078% due 11/20/2072 •  | 3602 | 3671 |
| 5.088% due 11/20/2072 •  | 4104 | 4187 |
| 5.227% due 06/20/2067 •  | 359 | 364 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 4100 | 3887 |
| 5.500% due 02/01/2056 | 1800 | 1824 |
| 6.000% due 02/01/2056 | 4500 | 4618 |
| Total U.S. Government Agencies (Cost $87,871) |  | 88107 |
| **U.S. TREASURY OBLIGATIONS 12.4%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.625% due 07/15/2032  | 2353 | 2209 |
| 1.125% due 01/15/2033  | 2186 | 2098 |
| 1.625% due 04/15/2030  | 716 | 720 |
| **U.S. Treasury Notes**  |  |  |
| 3.625% due 05/15/2026 | 36200 | 36213 |
| Total U.S. Treasury Obligations (Cost $41,195) |  | 41240 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.6%**  |  |  |
| **Banc of America Funding Trust** <br>5.301% due 05/25/2035 ~ | 36 | 34 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.631% due 08/25/2034 ~  | 9 | 9 |
| 5.692% due 03/25/2033 ~  | 53 | 50 |
| **BBCCRE Trust** <br>3.966% due 08/10/2033 | 2200 | 2053 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.791% due 09/25/2035 ~  | 5 | 3 |
| 5.406% due 05/25/2035 ~  | 10 | 10 |
| **Bear Stearns ARM Trust**  |  |  |
| 5.734% due 01/25/2034 ~  | 3 | 2 |
| **Beast Mortgage Trust** <br>4.915% due 03/15/2036 •  | 700 | 586 |
| **BSREP Commercial Mortgage Trust** <br>4.815% due 08/15/2038 •  | 3153 | 2992 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.796% due 11/25/2034 ~  | 8 | 7 |
| 5.087% due 02/20/2035 ~  | 1 | 1 |
| 6.148% due 02/20/2036 •  | 23 | 22 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.916% due 01/25/2037 •  | 17 | 15 |
| 6.480% due 10/25/2035 •  | 1 | 1 |
| 6.490% due 05/25/2035 •  | 0 | 1 |
| **DROP Mortgage Trust** <br>5.014% due 10/15/2043 •  | 2200 | 2147 |
| **Eurosail-U.K. PLC** <br>4.851% (BP0003M + 0.950%) due 06/13/2045 ~ | 197 | 266 |
| **First Horizon Alternative Mortgage Securities Trust** <br>5.336% due 01/25/2035 ~ | $41 | 41 |
| **GMACM Mortgage Loan Trust** <br>3.693% due 11/19/2035 ~ | 3 | 3 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.125% due 11/25/2035 ~  | 12 | 11 |
| 4.410% due 06/25/2034 ~  | 4 | 4 |
| 4.951% due 09/25/2035 ~  | 10 | 10 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>4.875% due 06/15/2038 •  | 2200 | 2142 |
| **JP Morgan Mortgage Trust** <br>5.750% due 01/25/2036 | 21 | 9 |
| **Morgan Stanley Capital I Trust** <br>5.034% due 12/15/2038 •  | 1100 | 1061 |
| **One New York Plaza Trust** <br>4.815% due 01/15/2036 •  | 2200 | 2158 |

---

------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 5100 | 3404 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 5.429% due 01/25/2035 •  | $20 | 18 |
| 6.298% due 02/25/2034 ~  | 7 | 7 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.106% due 03/25/2037 •  | 34 | 13 |
| 4.346% due 07/19/2035 •  | 2 | 2 |
| 4.406% due 02/25/2036 •  | 6 | 5 |
| **SUMIT Mortgage Trust**  |  |  |
| 2.789% due 02/12/2041  | 1800 | 1636 |
| 2.850% due 02/12/2041  | 300 | 261 |
| **VASA Trust** <br>4.765% due 07/15/2039 •  | 2900 | 2864 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.386% due 12/25/2045 •  | 4 | 4 |
| 4.426% due 10/25/2045 •  | 22 | 21 |
| 4.586% due 11/25/2034 •  | 14 | 14 |
| 5.429% due 06/25/2042 •  | 2 | 2 |
| Total Non-Agency Mortgage-Backed Securities (Cost $22,856) |  | 21889 |
| **ASSET-BACKED SECURITIES 9.4%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.8%**  |  |  |
| **FHF Issuer Trust** <br>5.690% due 02/15/2030 | 362 | 365 |
| **FHF Trust** <br>6.570% due 06/15/2028 | 158 | 159 |
| **Hertz Vehicle Financing III LLC**  |  |  |
| 5.490% due 06/25/2027  | 1000 | 1003 |
| 5.570% due 09/25/2029  | 1000 | 1031 |
|  |  | 2558 |
| **CMBS OTHER 0.3%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.215% due 11/15/2036 •  | 656 | 661 |
| **MF1 Ltd.** <br>4.929% due 10/16/2036 •  | 430 | 430 |
|  |  | 1091 |
| **HOME EQUITY OTHER 0.4%**  |  |  |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.956% due 03/25/2035 •  | 598 | 593 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.586% due 12/25/2034 •  | 649 | 639 |
| **GE-WMC Mortgage Securities Trust** <br>3.926% due 08/25/2036 •  | 2 | 1 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>3.946% due 07/25/2036 •  | 8 | 3 |
| **NovaStar Mortgage Funding Trust** <br>4.166% due 05/25/2036 •  | 30 | 29 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>3.966% due 12/25/2036 •  | 39 | 8 |
| **Structured Asset Investment Loan Trust** <br>4.551% due 03/25/2034 •  | 31 | 33 |
|  |  | 1306 |
| **WHOLE LOAN COLLATERAL 0.0%**  |  |  |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.406% due 12/25/2035 •  | 15 | 15 |
| **OTHER ABS 7.9%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 1000 | 1002 |
| **37 Capital CLO 4 Ltd.** <br>4.995% due 04/15/2035 •  | 1000 | 1000 |
| **37 Capital CLO II Ltd.** <br>5.195% due 07/15/2034 •  | 1500 | 1503 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 700 | 700 |
| **Anchorage Capital CLO 20 Ltd.** <br>4.984% due 01/20/2035 •  | 1000 | 1000 |
| **Arbour CLO VII DAC** <br>3.280% due 12/15/2038 •  | 900 | 1060 |
| **ARES European CLO XIV DAC** <br>3.040% due 10/21/2034 •  | 280 | 330 |
| **Avoca Static CLO I DAC** <br>2.996% due 01/15/2035 •  | 361 | 424 |
| **College Avenue Student Loans LLC** <br>5.046% due 12/26/2047 •  | $1321 | 1323 |

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------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CVC Cordatus Loan Fund XXX DAC** <br>3.297% due 05/15/2037 •  | 500 | 588 |
| **GoodLeap Sustainable Home Solutions Trust** <br>2.100% due 05/20/2048 | $1485 | 1210 |
| **GreatAmerica Leasing Receivables Funding LLC** <br>4.520% due 10/15/2027 | 1098 | 1102 |
| **Greywolf CLO III Ltd.** <br>5.087% due 04/22/2033 •  | 436 | 436 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 900 | 1058 |
| **Guggenheim CLO Ltd.** <br>5.055% due 01/15/2035 •  | $700 | 699 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 1000 | 1175 |
| **Loanpal Solar Loan Ltd.** <br>2.220% due 03/20/2048 | $693 | 566 |
| **Massachusetts Educational Financing Authority** <br>5.525% due 04/25/2038 •  | 4 | 4 |
| **Mosaic Solar Loan Trust** <br>2.640% due 01/20/2053 | 1393 | 1214 |
| **Ocean Trails CLO X** <br>5.205% due 10/15/2034 •  | 1000 | 1002 |
| **Palmer Square European Loan Funding DAC** <br>3.034% due 08/15/2033 •  | 568 | 666 |
| **Regatta XVI Funding Ltd.** <br>5.105% due 01/15/2033 •  | $865 | 865 |
| **Riserva CLO Ltd.** <br>4.934% due 01/18/2034 •  | 1300 | 1300 |
| **Service Experts Issuer LLC** <br>2.670% due 02/02/2032 | 309 | 305 |
| **Sunnova Sol IV Issuer LLC** <br>2.790% due 02/22/2049 | 1944 | 1642 |
| **Sunnova Sol V Issuer LLC** <br>5.400% due 04/30/2058 | 468 | 458 |
| **Sunrun Demeter Issuer LLC** <br>2.270% due 01/30/2057 | 2452 | 2238 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 713 | 717 |
| **Trinitas CLO XIX Ltd.** <br>4.994% due 10/20/2033 •  | 940 | 941 |
|  |  | 26528 |
| Total Asset-Backed Securities (Cost $32,153) |  | 31498 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | 1000 | 1055 |
| **Korea Housing Finance Corp.** <br>4.875% due 08/27/2027 | 400 | 407 |
| Total Sovereign Issues (Cost $1,394) |  | 1462 |
| **SHORT-TERM INSTRUMENTS 64.7%**  |  |  |
| **REPURCHASE AGREEMENTS (d) 64.7%** |  | 215400 |
| Total Short-Term Instruments (Cost $215,400) |  | 215400 |
| Total Investments in Securities (Cost $441,456) |  | 440241 |
| Total Investments 132.2% (Cost $441,456) |  | $440241 |
| **Financial Derivative Instruments (e)(f) (0.0)**%(Cost or Premiums, net $890) |  | (163) |
| Other Assets and Liabilities, net (32.2)% |  | (107148) |
| Net Assets 100.0% |  | $332930 |

---

------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(d)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/05/2026 | 99100 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | $(101075) | (101075) | (101075) | 99100 | $99100 |
|  | 01/02/2026 | 99300 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | (101153) | (101153) | (101153) | 99300 | 99321 |
| SAL | 01/02/2026 | 17000 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | (17353) | (17353) | (17353) | 17000 | 17004 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  |  |  | $**(219581)** | **(219581)** | **(219581)** | **215400** | $**215425** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% | U.S. Government Agencies (4.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500% | 01/01/2056 | 01/01/2056 | $600 | 600 | 600 | $ | (509) | $(507) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 02/01/2056 | 02/01/2056 | 14200 | 14200 | 14200 |  | (12564) | (12552) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.000 | 02/01/2056 | 02/01/2056 | 700 | 700 | 700 |  | (696) | (698) |
| **Total Short Sales (4.1)%** | **Total Short Sales (4.1)%** | **Total Short Sales (4.1)%** | **Total Short Sales (4.1)%** | **Total Short Sales (4.1)%** | **Total Short Sales (4.1)%** |  |  |  |  |  |  | **$** | **(13769)** | $**(13757)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(51) at a weighted average interest rate of 4.346%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 11 | 11 | 11 | (1) | (1) | (1) | (2) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 4 | 4 | 4 | (1) | (1) | (1) | (1) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 15 | 15 | 15 | (3) | (3) | (3) | (1) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 127.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 1 | 1 | 1 | (1) | (1) | (1) | (1) |
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 130.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 1 | 1 | 1 | (1) | (1) | (1) | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(7)** | **(7)** | **(7)** | **(5)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | 2 | 2 | $273 | 273 | 273 | 273 | $(2) | (2) | (2) | $ | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | 2 | 2 | 300 | 300 | 300 | 300 | (4) | (4) | (4) |  | 0 | 0 | (1) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 1283 | 1283 | 267876 | 267876 | 267876 | 267876 | (14) | (14) | (14) |  | 0 | 0 | (90) |

---

------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 511 |  | 55855 | 55855 | (146) | (146) | (146) | (146) | 0 | 0 | 0 | (57) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (166) | (166) | (166) | $ | 0 | 0 | $ | (148) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 150 | $ | (16866) | (16866) | $114 | 114 | 114 | 114 | 31 | 31 | 31 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 272 |  | (31284) | (31284) | 164 | 164 | 164 | 164 | 51 | 51 | 51 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 278 | 278 | 278 | $ | 82 | 82 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **112** | **112** | **112** | **$** | **82** | **82** | **$** | **(148)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000% | Quarterly | 06/20/2026 | 06/20/2026 | 0.252 | 0.252 | 0.252 | % | % | $100 | 100 | 1 | $ | 0 | $ | 1 | 1 | 1 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 | 0.226 |  |  | 800 | 800 | 3 |  | 0 |  | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 4 | $ | 0 | $ | 4 | 4 | 4 | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | $ | $ | 100 | 100 | 2 | $ | 0 | $ | 2 | 2 | 2 | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | Annual | 09/17/2030 | 09/17/2030 | 09/17/2030 | GBP | 5500 | 5500 | $(25) | (25) | 56 | 56 | $31 | 31 | 31 | $6 | 6 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.930 | Annual | Annual | 01/06/2035 | 01/06/2035 | 01/06/2035 |  | 100 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 | JPY | 1320000 | 1320000 | 27 | 27 | 13 | 13 | 40 | 40 | 40 | 5 | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.150 | Annual | Annual | 06/15/2027 | 06/15/2027 | 06/15/2027 | $ | 7100 | 7100 | (27) | (27) | (176) | (176) | (203) | (203) | (203) | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | 12/18/2029 |  | 3700 | 3700 | 8 | 8 | (57) | (57) | (49) | (49) | (49) | 5 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | Annual | 03/04/2030 | 03/04/2030 | 03/04/2030 |  | 400 | 400 | (1) | (1) | (4) | (4) | (5) | (5) | (5) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 300 | 300 | 0 | 0 | (2) | (2) | (2) | (2) | (2) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 200 | 200 | 0 | 0 | (2) | (2) | (2) | (2) | (2) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 100 | 100 | 0 | 0 | (1) | (1) | (1) | (1) | (1) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 800 | 800 | 0 | 0 | (8) | (8) | (8) | (8) | (8) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 300 | 300 | 0 | 0 | (3) | (3) | (3) | (3) | (3) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 740 | 740 | 0 | 0 | (9) | (9) | (9) | (9) | (9) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 400 | 400 | 0 | 0 | (5) | (5) | (5) | (5) | (5) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 200 | 200 | 0 | 0 | (2) | (2) | (2) | (2) | (2) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 05/15/2032 | 05/15/2032 | 05/15/2032 |  | 13400 | 13400 | (3) | (3) | (131) | (131) | (134) | (134) | (134) | 24 | 24 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | Annual | 12/21/2032 | 12/21/2032 | 12/21/2032 |  | 7140 | 7140 | 737 | 737 | (26) | (26) | 711 | 711 | 711 | 14 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | Annual | 08/05/2034 | 08/05/2034 | 08/05/2034 |  | 100 | 100 | 0 | 0 | (1) | (1) | (1) | (1) | (1) | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | 08/07/2034 |  | 200 |  | (1) |  | 2 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 |  | 140 |  | (1) |  | 3 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 |  | 120 |  | (1) |  | 2 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 |  | 100 |  | 0 |  | 1 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 |  | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 |  | 100 |  | 0 |  | 3 |  | 3 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 |  | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 |  | 200 |  | (1) |  | 8 |  | 7 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 |  | 100 |  | 0 |  | 4 |  | 4 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 |  | 200 |  | (1) |  | 8 |  | 7 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 |  | 50 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 200 |  | (1) |  | (1) |  | (2) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 |  | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 300 |  | (1) |  | (1) |  | (2) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 200 |  | (1) |  | (1) |  | (2) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 300 |  | (1) |  | (4) |  | (5) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 300 |  | (1) |  | (2) |  | (3) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 200 |  | (1) |  | 0 |  | (1) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 325 |  | (2) |  | 3 |  | 1 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 |  | 175 |  | 6 |  | 4 |  | 10 |  | 1 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | AUD | 9600 |  | 162 |  | (291) |  | (129) |  | 0 |  | (13) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.700 | Annual | 08/13/2029 | EUR | 200 |  | 0 |  | (3) |  | (3) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 |  | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.300 | Annual | 09/25/2029 |  | 100 |  | 0 |  | 1 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 |  | 200 |  | (1) |  | (1) |  | (2) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.680 | Annual | 08/07/2034 |  | 100 |  | 0 |  | 1 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 02/12/2035 |  | 90 |  | 0 |  | 3 |  | 3 |  | 0 |  | 0 |
|  |  |  |  |  |  |  |  | $870 | 870 | $(619) | (619) | $251 | 251 | $69 | 69 | $(16) | (16) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**876** | **876** | $**(619)** | **(619)** | $**257** | **257** | $**69** | **69** | $**(16)** | **(16)** |
| **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,588 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |

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<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | $12 | 12 | PLN | 43 | 43 | 43 | $0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 145 | 145 | $ | 94 | 94 | 94 | 0 | 0 | 0 | (3) |
|  | 01/2026  | 01/2026  | 37 | 37 |  | 5 | 5 | 5 | 0 | 0 | 0 | 0 |
|  | 01/2026  | 01/2026  | 550 | 550 |  | 313 | 313 | 313 | 0 | 0 | 0 | (4) |
|  | 01/2026  | 01/2026  | 5600 | 5600 |  | 337 | 337 | 337 | 0 | 0 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 2301 | 2301 |  | 133 | 133 | 133 | 0 | 0 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | $153 | 153 | JPY | 23773 | 23773 | 23773 | 0 | 0 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 461 | 461 | $ | 304 | 304 | 304 | 0 | 0 | 0 | (4) |
|  | 01/2026  | 01/2026  | $421 | 421 | AUD | 636 | 636 | 636 | 3 | 3 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 01/2026  | 48379 | 48379 | $ | 33 | 33 | 33 | 0 | 0 | 0 | (1) |
|  | 01/2026  | 01/2026  | 4101 | 4101 |  | 235 | 235 | 235 | 0 | 0 | 0 | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 01/2026  | 162 | 162 |  | 105 | 105 | 105 | 0 | 0 | 0 | (3) |
|  | 01/2026  | 01/2026  | 389 | 389 |  | 511 | 511 | 511 | 0 | 0 | 0 | (13) |
|  | 01/2026  | 01/2026  | 1808 | 1808 |  | 98 | 98 | 98 | 0 | 0 | 0 | (3) |
|  | 01/2026  | 01/2026  | $59 | 59 | PLN | 217 | 217 | 217 | 1 | 1 | 1 | 0 |
|  | 01/2026  | 01/2026  | 89 | 89 | SGD | 115 | 115 | 115 | 1 | 1 | 1 | 0 |
|  | 01/2026  | 01/2026  | 2843 | 2843 | $ | 165 | 165 | 165 | 0 | 0 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  | 62 | 62 |  | 77 | 77 | 77 | 0 | 0 | 0 | (1) |
|  | 01/2026  | 01/2026  | $42 | 42 | PLN | 154 | 154 | 154 | 1 | 1 | 1 | 0 |
|  | 01/2026  | 01/2026  | 2114 | 2114 | $ | 123 | 123 | 123 | 0 | 0 | 0 | (5) |
|  | 03/2026  | 03/2026  | 12093 | 12093 |  | 2182 | 2182 | 2182 | 4 | 4 | 4 | 0 |
|  | 03/2026  | 03/2026  | $12 | 12 | BRL | 66 | 66 | 66 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 01/2026  | 96 | 96 | $ | 14 | 14 | 14 | 0 | 0 | 0 | 0 |
|  | 01/2026  | 01/2026  | $89 | 89 | KRW | 127759 | 127759 | 127759 | 0 | 0 | 0 | 0 |
|  | 01/2026  | 01/2026  | 42 | 42 | PLN | 156 | 156 | 156 | 1 | 1 | 1 | 0 |
|  | 01/2026  | 01/2026  | 775 | 775 | $ | 45 | 45 | 45 | 0 | 0 | 0 | (2) |
|  | 02/2026  | 02/2026  | 127592 | 127592 |  | 89 | 89 | 89 | 1 | 1 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 560 | 560 |  | 398 | 398 | 398 | 0 | 0 | 0 | (10) |
|  | 01/2026  | 01/2026  | 1893 | 1893 |  | 2222 | 2222 | 2222 | 0 | 0 | 0 | (4) |
|  | 01/2026  | 01/2026  | $944 | 944 | EUR | 808 | 808 | 808 | 6 | 6 | 6 | 0 |
|  | 01/2026  | 01/2026  | 7 | 7 | JPY | 1019 | 1019 | 1019 | 0 | 0 | 0 | 0 |
|  | 01/2026  | 01/2026  | 64 | 64 | THB | 2065 | 2065 | 2065 | 2 | 2 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | 79309 | 79309 | $ | 54 | 54 | 54 | 0 | 0 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 37 | 37 |  | 5 | 5 | 5 | 0 | 0 | 0 | 0 |
|  | 01/2026  | 01/2026  | $119 | 119 | JPY | 18441 | 18441 | 18441 | 0 | 0 | 0 | (1) |
|  | 01/2026  | 01/2026  | 192 | 192 | TWD | 6004 | 6004 | 6004 | 0 | 0 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 5137 | 5137 | $ | 5948 | 5948 | 5948 | 0 | 0 | 0 | (92) |
|  | 01/2026  | 01/2026  | $441 | 441 | JPY | 68985 | 68985 | 68985 | 0 | 0 | 0 | 0 |
|  | 03/2026  | 03/2026  | 0 | 0 | MXN | 6 | 6 | 6 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 29 | 29 | PLN | 105 | 105 | 105 | 1 | 1 | 1 | 0 |
|  | 01/2026  | 01/2026  | 4017 | 4017 | $ | 231 | 231 | 231 | 0 | 0 | 0 | (11) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **21** | **21** | **$** | **(185)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Market<br>Value |
| Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.757% | 3.757% | 3.757% | 22000 | 22000 | 22000 | $18 | 18 | $11 |
| Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.757 | 3.757 | 3.757 | 18800 | 18800 | 18800 | 15 | 15 | 10 |
| Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.757 | 3.757 | 3.757 | 100 | 100 | 100 | 0 | 0 | 0 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**33** | **33** | $**21** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.551% | 3.551% | 3.551% | 100 | 100 | 100 | $0 | 0 | $0 |
| Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.831 | 3.831 | 3.831 | 100 | 100 | 100 | 0 | 0 | 0 |
| Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.625 | 3.625 | 3.625 | 100 | 100 | 100 | 0 | 0 | 0 |
| Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.925 | 3.925 | 3.925 | 100 | 100 | 100 | 0 | 0 | 0 |
| Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.580 | 3.580 | 3.580 | 300 | 300 | 300 | (1) | (1) | 0 |
| Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.860 | 3.860 | 3.860 | 300 | 300 | 300 | (1) | (1) | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.548 | 01/02/2026 | 01/02/2026 | 200 | 200 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.848 | 01/02/2026 | 01/02/2026 | 200 | 200 | (1) | (1) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.578 | 01/12/2026 | 01/12/2026 | 200 | 200 | 0 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.878 | 01/12/2026 | 01/12/2026 | 200 | 200 | 0 | 0 | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.648 | 01/15/2026 | 01/15/2026 | 100 | 100 | 0 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.928 | 01/15/2026 | 01/15/2026 | 100 | 100 | 0 | 0 | 0 |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 300 | 300 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 300 | 300 | (1) | (1) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 300 | 300 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 300 | 300 | (1) | (1) | 0 |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.498 | 01/05/2026 | 01/05/2026 | 500 | 500 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.798 | 01/05/2026 | 01/05/2026 | 500 | 500 | (1) | (1) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 400 | 400 | (1) | (1) | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(12)** | **(12)** | $**(2)** |
| Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | $29367 | 29367 | $0 | 0 | $29367 | 29367 |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 6594 | 6594 | 0 | 0 | 6594 | 6594 |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 2805 | 2805 | 0 | 0 | 2805 | 2805 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | California | California | California | 0 | 0 | 0 | 990 | 990 | 0 | 0 | 990 | 990 |
| New York | New York | New York | New York | 0 | 0 | 0 | 889 | 889 | 0 | 0 | 889 | 889 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 88107 | 88107 | 0 | 0 | 88107 | 88107 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 41240 | 41240 | 0 | 0 | 41240 | 41240 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 18485 | 18485 | 3404 | 3404 | 21889 | 21889 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 2558 | 2558 | 0 | 0 | 2558 | 2558 |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 1091 | 1091 | 0 | 0 | 1091 | 1091 |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 1306 | 1306 | 0 | 0 | 1306 | 1306 |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 15 | 15 | 0 | 0 | 15 | 15 |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 26528 | 26528 | 0 | 0 | 26528 | 26528 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 1462 | 1462 | 0 | 0 | 1462 | 1462 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 215400 | 215400 | 0 | 0 | 215400 | 215400 |
| Total Investments | Total Investments | Total Investments | Total Investments | $0 | 0 | 0 | $436837 | 436837 | $3404 | 3404 | $440241 | 440241 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | $(13757) | (13757) | $0 | 0 | $(13757) | (13757) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 151 | 151 | 0 | 0 | 151 | 151 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 42 | 42 | 0 | 0 | 42 | 42 |
|  |  |  |  | $0 | 0 | 0 | $193 | 193 | $0 | 0 | $193 | 193 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (2) | (2) | (2) | (167) | (167) | 0 | 0 | (169) | (169) |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (187) | (187) | 0 | 0 | (187) | (187) |
|  |  |  |  | $(2) | (2) | (2) | $(354) | (354) | $0 | 0 | $(356) | (356) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(2) | (2) | (2) | $(161) | (161) | $0 | 0 | $(163) | (163) |
| Totals | Totals | Totals | Totals | $(2) | (2) | (2) | $422919 | 422919 | $3404 | 3404 | $426321 | 426321 |

---

------

<br> Schedule of Investments PIMCO Low Duration ESG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases  | Net<br>Purchases  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $0 | $ | 3335 | $ | $ | $0 | $0 | $0 | $ | $69 | $0 | $0 | 0 | $ | 3404 | $ | $ | 69 |
| Asset-Backed Securities | Asset-Backed Securities | 1081 |  | 0 |  |  | (501) | 0 | 36 |  | 51 | 0 | (667) | (667) |  | 0 |  |  | 0 |
| Totals | Totals | $1081 | $ | 3335 | $ | $ | $(501) | $0 | $36 | $ | $120 | $0 | $(667) | (667) | $ | 3404 | $ | $ | 69 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $3404 | 3404 | 3404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000  | 100.000  | 100.000  | 100.000  |  |  |
| Total | Total | Total | Total | $3404 | 3404 | 3404 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 114.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.0%**  |  |  |
| **Project Nova**<br>7.080% - 7.284% due 08/31/2026 «~ | $1400 | $1400 |
| Total Loan Participations and Assignments (Cost $1,400) |  | 1400 |
| **CORPORATE BONDS & NOTES 11.9%**  |  |  |
| **BANKING & FINANCE 7.4%**  |  |  |
| **ABN AMRO Bank NV** <br>4.718% due 01/22/2027 | 17900 | 18059 |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>5.375% due 05/08/2029 | 3900 | 4046 |
| **American Honda Finance Corp.** <br>4.544% due 08/13/2027 •  | 14300 | 14333 |
| **Athene Global Funding**  |  |  |
| 3.054% (EUR003M + 1.000%) due 02/23/2027 ~  | 8200 | 9684 |
| 4.696% due 07/16/2026 •  | $16500 | 16526 |
| **Bank of America Corp.** <br>4.623% due 05/09/2029 •  | 15000 | 15201 |
| **Banque Federative du Credit Mutuel SA** <br>5.194% due 02/16/2028 | 5150 | 5268 |
| **BGC Group, Inc.** <br>6.150% due 04/02/2030 | 3200 | 3318 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 20200 | 20587 |
| **Citibank NA**  |  |  |
| 4.876% due 11/19/2027 •  | 6550 | 6598 |
| 4.929% due 08/06/2026  | 12900 | 12969 |
| 5.438% due 04/30/2026  | 14050 | 14105 |
| **Cooperatieve Rabobank UA** <br>4.395% (SOFRINDX + 0.620%) due 08/28/2026 ~ | 6800 | 6818 |
| **Danske Bank AS** <br>5.427% due 03/01/2028 •  | 8000 | 8126 |
| **Deutsche Bank AG** <br>5.026% (SOFRRATE + 1.219%) due 11/16/2027 ~ | 19000 | 19086 |
| **Extra Space Storage LP** <br>3.500% due 07/01/2026 | 7000 | 6980 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 5.125% due 11/05/2026  | 2000 | 2011 |
| 5.800% due 03/05/2027  | 6200 | 6280 |
| 5.918% due 03/20/2028  | 3500 | 3583 |
| 6.800% due 05/12/2028  | 200 | 209 |
| 7.350% due 11/04/2027  | 300 | 313 |
| **General Motors Financial Co., Inc.**  |  |  |
| 2.400% due 04/10/2028  | 350 | 337 |
| 5.050% due 04/04/2028  | 1550 | 1580 |
| 5.400% due 05/08/2027  | 14700 | 14946 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 4.153% due 10/21/2029 •  | 3600 | 3600 |
| 4.937% due 04/23/2028 •  | 11900 | 12038 |
| **Hardwood Funding LLC** <br>4.840% due 06/07/2028 «(g) | 1500 | 1516 |
| **HSBC Holdings PLC** <br>5.391% (SOFRRATE + 1.570%) due 08/14/2027 ~ | 3200 | 3220 |
| **JPMorgan Chase & Co.**  |  |  |
| 1.470% due 09/22/2027 •  | 2700 | 2651 |
| 4.490% (SOFRRATE + 0.765%) due 09/22/2027 ~  | 19100 | 19150 |
| 4.832% (SOFRRATE + 0.920%) due 04/22/2028 ~  | 5000 | 5025 |
| 5.571% due 04/22/2028 •  | 2800 | 2857 |
| 6.070% due 10/22/2027 •  | 8300 | 8433 |
| **Morgan Stanley** <br>4.968% (SOFRRATE + 1.020%) due 04/13/2028 ~ | 7500 | 7533 |
| **Morgan Stanley Bank NA**  |  |  |
| 4.968% due 07/14/2028 •  | 800 | 811 |
| 5.016% due 01/12/2029 •  | 1600 | 1630 |
| **Morgan Stanley Private Bank NA** <br>4.204% due 11/17/2028 •  | 9500 | 9531 |
| **NatWest Group PLC**  |  |  |
| 5.034% (SOFRRATE + 1.250%) due 03/01/2028 ~  | 2400 | 2416 |
| 5.583% due 03/01/2028 •  | 2800 | 2851 |
| **Protective Life Global Funding** <br>4.412% (SOFRRATE + 0.500%) due 07/22/2026 ~ | 9000 | 9014 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Royal Bank of Canada** <br>4.314% (SOFRINDX + 0.460%) due 08/03/2026 ~ | 4800 | 4807 |
| **Santander Holdings USA, Inc.** <br>3.244% due 10/05/2026 | 3100 | 3082 |
| **Santander U.K. Group Holdings PLC** <br>4.795% (SOFRINDX + 1.070%) due 09/22/2029 ~ | 7500 | 7501 |
| **Stellantis Finance U.S., Inc.** <br>5.350% due 03/17/2028 | 2000 | 2040 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.464% due 01/13/2026 | 12600 | 12606 |
| **Swedbank AB** <br>5.337% due 09/20/2027 | 20000 | 20465 |
| **Toyota Motor Credit Corp.** <br>4.550% due 08/07/2026 | 4900 | 4921 |
| **UBS Group AG**  |  |  |
| 4.550% due 04/17/2026  | 2100 | 2104 |
| 4.703% due 08/05/2027 •  | 5000 | 5018 |
| 6.327% due 12/22/2027 •  | 700 | 715 |
| **Wells Fargo & Co.**  |  |  |
| 4.682% (SOFRRATE + 0.780%) due 01/24/2028 ~  | 15000 | 15037 |
| 4.970% due 04/23/2029 •  | 16300 | 16606 |
| 5.707% due 04/22/2028 •  | 3400 | 3471 |
|  |  | 401612 |
| **INDUSTRIALS 3.7%**  |  |  |
| **AbbVie, Inc.** <br>4.800% due 03/15/2027 | 16100 | 16274 |
| **Adnoc Murban Rsc Ltd.** <br>4.250% due 09/11/2029 | 14700 | 14804 |
| **Bayer U.S. Finance LLC** <br>6.125% due 11/21/2026 | 600 | 609 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 9100 | 9622 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.750% due 03/21/2028  | 11790 | 11963 |
| 5.050% due 08/11/2028  | 9996 | 10251 |
| **Campbell's Co.** <br>5.300% due 03/20/2026 | 11300 | 11327 |
| **Continental Resources, Inc.** <br>2.268% due 11/15/2026 | 1200 | 1176 |
| **Global Payments, Inc.** <br>1.200% due 03/01/2026 | 3300 | 3285 |
| **Hyundai Capital America**  |  |  |
| 1.800% due 01/10/2028  | 200 | 191 |
| 4.875% due 06/23/2027  | 3300 | 3337 |
| 4.900% due 06/23/2028  | 3300 | 3353 |
| 5.487% (SOFRRATE + 1.500%) due 01/08/2027 ~  | 17300 | 17438 |
| **International Business Machines Corp.** <br>4.650% due 02/10/2028 | 13300 | 13502 |
| **Las Vegas Sands Corp.** <br>5.625% due 06/15/2028 | 9300 | 9537 |
| **Mercedes-Benz Finance North America LLC**  |  |  |
| 4.750% due 03/31/2028  | 11850 | 12044 |
| 4.900% due 11/15/2027  | 3350 | 3414 |
| **National Football League** <br>5.480% due 10/05/2028 «(g) | 2400 | 2455 |
| **NTT Finance Corp.**  |  |  |
| 4.620% due 07/16/2028  | 500 | 507 |
| 5.059% (SOFRRATE + 1.080%) due 07/16/2028 ~  | 1100 | 1112 |
| **Oracle Corp.** <br>4.614% (SOFRRATE + 0.760%) due 08/03/2028 ~ | 3400 | 3356 |
| **Penske Truck Leasing Co. LP/PTL Finance Corp.** <br>1.700% due 06/15/2026 | 11100 | 10975 |
| **Philip Morris International, Inc.** <br>4.125% due 04/28/2028 | 15000 | 15070 |
| **Volkswagen Group of America Finance LLC** <br>5.050% due 03/27/2028 | 23145 | 23510 |
|  |  | 199112 |
| **UTILITIES 0.8%**  |  |  |
| **AES Corp.** <br>1.375% due 01/15/2026 | 22500 | 22475 |
| **Enel Finance International NV** <br>1.625% due 07/12/2026 | 3200 | 3160 |
| **FirstEnergy Corp.** <br>3.900% due 07/15/2027 | 300 | 299 |
| **NextEra Energy Capital Holdings, Inc.** <br>4.648% (SOFRINDX + 0.800%) due 02/04/2028 ~ | 5750 | 5772 |
| **Southern California Edison Co.**  |  |  |
| 3.650% due 03/01/2028  | 700 | 692 |
| 4.700% due 06/01/2027  | 1100 | 1109 |
| 5.350% due 03/01/2026  | 4900 | 4909 |
| 5.650% due 10/01/2028  | 100 | 104 |
| 5.850% due 11/01/2027  | 600 | 617 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Spire, Inc.** <br>5.300% due 03/01/2026 | 1500 | 1502 |
|  |  | 40639 |
| Total Corporate Bonds & Notes (Cost $634,509) |  | 641363 |
| **U.S. GOVERNMENT AGENCIES 43.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 0.800% due 10/28/2026 (j) | 83100 | 81234 |
| 2.500% due 12/01/2032 | 1402 | 1362 |
| 3.000% due 01/01/2027 - 04/01/2052 | 23265 | 20636 |
| 3.500% due 02/01/2047 - 06/01/2047 | 5601 | 5299 |
| 4.000% due 12/01/2047 | 2304 | 2229 |
| 4.500% due 04/01/2053 - 09/01/2053 | 5623 | 5505 |
| 5.000% due 12/01/2049 - 08/01/2054 | 19073 | 19111 |
| 5.500% due 08/01/2053 - 12/01/2053 | 28572 | 29048 |
| 6.000% due 01/01/2053 - 04/01/2055 | 23855 | 24937 |
| 6.375% due 10/01/2035 •  | 87 | 89 |
| 6.500% due 08/01/2035 •  | 104 | 107 |
| 6.552% due 04/01/2035 •  | 143 | 147 |
| 6.738% due 03/01/2035 •  | 68 | 70 |
| 6.797% due 07/01/2035 •  | 2 | 2 |
| 6.835% due 05/01/2037 •  | 6 | 7 |
| 6.988% due 02/01/2037 •  | 1 | 1 |
| 7.000% due 01/01/2030 - 04/01/2032 | 3 | 3 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 2.903% due 07/25/2054 ~ | 9193 | 8949 |
| 2.920% due 01/25/2026 | 1682 | 1677 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.250% due 10/15/2027 | 3402 | 3340 |
| 1.375% due 11/15/2027 | 2557 | 2512 |
| 2.372% due 07/15/2036 •(a) | 624 | 64 |
| 2.500% due 10/25/2049 | 94 | 83 |
| 3.000% due 03/15/2027 - 05/15/2027 (a) | 917 | 11 |
| 3.052% due 08/15/2036 •(a) | 1571 | 185 |
| 4.428% due 02/15/2037 •  | 16 | 16 |
| 4.438% due 02/15/2037 •  | 24 | 24 |
| 4.448% due 07/15/2043 •  | 3216 | 3170 |
| 4.548% due 11/15/2030 - 06/15/2042 •  | 3939 | 3900 |
| 4.618% due 05/15/2036 •  | 12 | 12 |
| 4.648% due 01/15/2042 •  | 9 | 9 |
| 4.814% due 11/25/2054 •  | 15451 | 15517 |
| 4.824% due 02/25/2055 •  | 3894 | 3913 |
| 4.844% due 08/25/2054 •  | 7480 | 7516 |
| 4.854% due 08/25/2055 •  | 46251 | 46538 |
| 4.874% due 02/25/2055 - 06/25/2055 •  | 17135 | 17239 |
| 4.953% due 01/15/2038 •  | 1123 | 1131 |
| 5.009% due 02/15/2051 •  | 26047 | 25629 |
| 5.024% due 03/25/2055 - 08/25/2055 •  | 7877 | 7906 |
| 5.074% due 02/25/2055 - 08/25/2055 •  | 100371 | 100817 |
| 5.224% due 02/25/2054 •  | 32565 | 32794 |
| 5.500% due 07/15/2034 | 165 | 169 |
| 6.000% due 12/15/2028 - 07/15/2029 | 6 | 6 |
| 6.500% due 03/15/2029 - 06/15/2032 | 300 | 312 |
| 7.500% due 07/15/2030 | 12 | 12 |
| **Federal Home Loan Mortgage Corp. STRIPS**  |  |  |
| 1.852% due 08/15/2043 •(a) | 14538 | 1519 |
| 3.123% due 08/15/2044 •  | 3853 | 4036 |
| 4.498% due 05/15/2037 •  | 4 | 4 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.106% due 08/25/2031 •  | 213 | 213 |
| 4.269% due 09/25/2031 •  | 278 | 278 |
| 4.576% due 08/15/2032 ~ | 2 | 2 |
| 5.429% due 07/25/2044 •  | 785 | 765 |
| 6.500% due 07/25/2043 | 4986 | 5208 |
| **Federal National Mortgage Association**  |  |  |
| 2.080% due 10/01/2026 | 3780 | 3724 |
| 2.500% due 02/01/2035 | 1181 | 1148 |
| 2.770% due 04/01/2026 | 1977 | 1967 |
| 3.000% due 12/01/2026 - 04/01/2052 | 336487 | 299462 |
| 3.150% due 03/01/2026 | 11350 | 11307 |
| 3.500% due 02/01/2047 - 12/01/2047 | 133043 | 124327 |
| 4.000% due 01/01/2046 - 06/01/2053 | 51449 | 49809 |
| 4.384% due 01/01/2028 •  | 1 | 1 |
| 4.473% due 03/01/2035 •  | 35 | 34 |
| 4.500% due 05/01/2026 - 06/01/2053 | 5900 | 5795 |
| 4.855% due 12/01/2036 •  | 1 | 1 |
| 5.000% due 05/01/2027 - 08/01/2054 | 71940 | 72069 |
| 5.277% due 07/01/2042 - 07/01/2044 •  | 84 | 84 |
| 5.327% due 09/01/2041 •  | 9 | 9 |
| 5.477% due 10/01/2030 - 11/01/2039 •  | 32 | 33 |
| 5.500% due 07/01/2053 | 4902 | 4988 |
| 5.591% due 09/01/2034 •  | 1 | 1 |
| 5.864% due 11/01/2034 •  | 51 | 52 |
| 6.000% due 03/01/2032 - 01/01/2039 | 1286 | 1359 |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.048% due 03/01/2035 •  | 454 | 463 |
| 6.095% due 11/01/2027 •  | 1 | 1 |
| 6.125% due 08/01/2029 •  | 25 | 25 |
| 6.149% due 12/01/2033 •  | 29 | 29 |
| 6.209% due 07/01/2035 •  | 39 | 40 |
| 6.216% due 07/01/2035 •  | 73 | 75 |
| 6.220% due 10/01/2035 •  | 108 | 111 |
| 6.287% due 11/01/2035 •  | 6 | 6 |
| 6.315% due 05/01/2035 •  | 19 | 20 |
| 6.375% due 01/01/2035 - 08/01/2035 •  | 653 | 670 |
| 6.390% due 09/01/2035 •  | 78 | 80 |
| 6.425% due 03/01/2035 •  | 41 | 42 |
| 6.455% due 09/01/2035 •  | 5 | 5 |
| 6.472% due 08/01/2035 •  | 80 | 83 |
| 6.500% due 09/01/2033 - 03/01/2038 | 166 | 176 |
| 6.504% due 09/01/2032 •  | 85 | 88 |
| 6.508% due 06/01/2035 •  | 73 | 75 |
| 6.587% due 04/01/2034 •  | 72 | 74 |
| 6.810% due 06/01/2035 •  | 22 | 22 |
| 7.000% due 04/01/2034 | 5 | 5 |
| 8.000% due 04/01/2030 - 11/01/2031 | 83 | 87 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 1.000% due 01/25/2043 | 225 | 197 |
| 2.000% due 11/25/2046 | 11309 | 10640 |
| 2.061% due 10/25/2042 •(a) | 7518 | 831 |
| 2.161% due 11/25/2042 •(a) | 6613 | 572 |
| 2.500% due 05/25/2028 (a) | 1011 | 21 |
| 2.661% due 01/25/2042 •(a) | 724 | 108 |
| 4.167% due 06/25/2034 •  | 23 | 22 |
| 4.174% due 11/25/2050 •  | 930 | 895 |
| 4.239% due 01/25/2037 •  | 2 | 2 |
| 4.246% due 12/25/2036 •  | 159 | 155 |
| 4.250% due 05/25/2033 | 72 | 71 |
| 4.289% due 03/25/2037 •  | 266 | 263 |
| 4.339% due 03/25/2037 - 07/25/2037 •  | 232 | 230 |
| 4.349% due 03/25/2037 •  | 13 | 13 |
| 4.369% due 07/25/2037 •  | 309 | 306 |
| 4.389% due 06/25/2032 - 10/25/2040 •  | 45 | 46 |
| 4.439% due 12/25/2040 •  | 6 | 6 |
| 4.459% due 07/25/2037 •  | 421 | 419 |
| 4.489% due 08/25/2037 •  | 15 | 14 |
| 4.659% due 03/25/2038 •  | 13 | 13 |
| 4.739% due 03/25/2038 - 01/25/2040 •  | 155 | 155 |
| 4.773% due 09/25/2046 •  | 1769 | 1758 |
| 4.774% due 03/25/2055 •  | 8043 | 8074 |
| 4.824% due 11/25/2053 •  | 2638 | 2650 |
| 4.839% due 02/25/2040 •  | 98 | 99 |
| 4.924% due 01/25/2055 •  | 3271 | 3280 |
| 5.009% due 01/25/2051 •  | 859 | 860 |
| 5.024% due 03/25/2055 •  | 10859 | 10898 |
| 5.034% due 03/25/2055 •  | 12799 | 12852 |
| 5.074% due 07/25/2055 - 08/25/2055 •  | 117976 | 118531 |
| 5.374% due 12/25/2054 •  | 13908 | 14039 |
| 5.500% due 08/25/2034 | 235 | 240 |
| 6.500% due 07/25/2031 - 04/25/2032 | 313 | 326 |
| **Federal National Mortgage Association REMICS Trust**<br>4.698% due 12/25/2042 ~ | 448 | 452 |
| **Federal National Mortgage Association Trust**<br>4.339% due 03/25/2044 •  | 14 | 14 |
| **Government National Mortgage Association**  |  |  |
| 4.500% due 08/20/2048 | 666 | 661 |
| 5.000% due 12/20/2027 •  | 14 | 14 |
| 5.375% (H15T1Y + 1.500%) due 07/20/2026 - 09/20/2026 ~ | 1 | 2 |
| 5.375% due 07/20/2027 - 07/20/2034 •  | 24 | 24 |
| 5.625% (H15T1Y + 1.500%) due 01/20/2026 - 05/20/2026 ~ | 1 | 0 |
| 5.625% due 01/20/2027 - 02/20/2032 •  | 289 | 290 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.218% due 09/20/2071 - 09/20/2073 •  | 2483 | 2470 |
| 4.414% due 05/20/2068 •  | 157 | 156 |
| 4.464% due 12/20/2062 •  | 51 | 51 |
| 4.514% due 12/20/2060 •  | 168 | 168 |
| 4.614% due 08/20/2069 •  | 10619 | 10625 |
| 4.678% due 11/20/2074 •  | 936 | 939 |
| 4.710% due 02/20/2060 •  | 281 | 282 |
| 4.714% due 03/20/2065 - 07/20/2065 •  | 2658 | 2662 |
| 4.718% due 04/20/2072 •  | 9409 | 9429 |
| 4.727% due 12/20/2066 •  | 2685 | 2706 |
| 4.764% due 10/20/2064 •  | 2389 | 2393 |
| 4.768% due 05/20/2074 •  | 483 | 487 |
| 4.818% due 08/20/2073 •  | 4232 | 4273 |
| 4.868% due 09/20/2073 •  | 12886 | 13045 |
| 4.878% due 08/20/2073 •  | 11993 | 12139 |
| 4.884% due 10/20/2066 •  | 131 | 131 |
| 4.898% due 09/20/2073 •  | 4294 | 4345 |
| 4.914% due 05/20/2066 •  | 677 | 680 |
| 5.014% due 04/20/2066 •  | 929 | 934 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.018% due 05/20/2073 •  | 3550 | 3590 |
| 5.078% due 11/20/2072 •  | 73303 | 74713 |
| 5.088% due 11/20/2072 •  | 85709 | 87434 |
| 5.364% due 08/20/2070 •  | 16834 | 17140 |
| 5.418% due 08/20/2071 •  | 8342 | 8560 |
| 5.777% due 05/20/2041 ~ | 115 | 114 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 02/01/2056 | 51315 | 48648 |
| 4.500% due 01/01/2041 | 50 | 50 |
| 5.000% due 02/01/2056 | 320200 | 319037 |
| 5.500% due 02/01/2056 | 5000 | 5066 |
| 6.000% due 02/01/2056 - 03/01/2056 | 474400 | 486905 |
| **Vendee Mortgage Trust**<br>6.500% due 05/15/2029 | 1343 | 1370 |
| Total U.S. Government Agencies (Cost $2,415,425) |  | 2374195 |
| **U.S. TREASURY OBLIGATIONS 13.6%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 | 261 | 264 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.625% due 07/15/2032  | 24990 | 23453 |
| 1.125% due 01/15/2033  | 54545 | 52355 |
| **U.S. Treasury Notes**  |  |  |
| 3.625% due 05/15/2026 | 590900 | 591114 |
| 4.375% due 11/30/2028 (j)(l) | 31200 | 31913 |
| 4.875% due 04/30/2026 | 36100 | 36250 |
| Total U.S. Treasury Obligations (Cost $733,545) |  | 735349 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.0%**  |  |  |
| **1211 Avenue of the Americas Trust** <br>3.901% due 08/10/2035 | 6950 | 6730 |
| **280 Park Avenue Mortgage Trust** <br>4.958% due 09/15/2034 •  | 10200 | 10169 |
| **ABN AMRO Mortgage Corp.** <br>5.500% due 01/25/2034 | 14 | 14 |
| **American Home Mortgage Assets Trust** <br>4.386% due 11/25/2035 •  | 184 | 177 |
| **Angel Oak Mortgage Trust**  |  |  |
| 1.820% due 11/25/2066 ~  | 6413 | 5785 |
| 5.338% due 05/27/2069 þ  | 768 | 772 |
| **Ashford Hospitality Trust** <br>4.823% due 04/15/2035 •  | 349 | 349 |
| **Atrium Hotel Portfolio Trust** <br>4.978% due 12/15/2036 •  | 8766 | 8660 |
| **BAMLL Commercial Mortgage Securities Trust** <br>4.915% due 09/15/2038 •  | 4100 | 3957 |
| **Banc of America Alternative Loan Trust** <br>5.500% due 10/25/2033 | 1392 | 1408 |
| **Banc of America Funding Trust**  |  |  |
| 5.301% due 05/25/2035 ~  | 41 | 39 |
| 5.500% due 09/25/2035  | 152 | 154 |
| 5.798% due 02/20/2036 ~  | 151 | 144 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.066% due 09/25/2035 ~  | 767 | 686 |
| 5.103% due 02/25/2035 ~  | 33 | 33 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.246% due 04/25/2035 ~  | 702 | 685 |
| 4.791% due 09/25/2035 ~  | 819 | 438 |
| 5.406% due 05/25/2035 ~  | 141 | 135 |
| 6.300% due 09/25/2034 ~  | 78 | 77 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.813% due 11/25/2030 ~  | 4 | 4 |
| 4.852% due 08/25/2035 ~  | 385 | 334 |
| 4.905% due 08/25/2035 ~  | 2375 | 2223 |
| 5.031% due 01/25/2035 ~  | 136 | 133 |
| 5.125% due 01/25/2035 ~  | 1 | 1 |
| 5.734% due 01/25/2034 ~  | 4 | 4 |
| 5.860% due 08/25/2033 ~  | 19 | 19 |
| 6.125% due 02/25/2033 ~  | 2 | 2 |
| 6.162% due 10/25/2036 ~  | 39 | 39 |
| 6.373% due 04/25/2033 ~  | 97 | 97 |
| 6.375% due 08/25/2033 ~  | 85 | 84 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 1207 | 853 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.126% due 01/25/2035 •  | 44 | 43 |
| **CHL Mortgage Pass-Through Trust** <br>6.148% due 02/20/2036 •  | 3411 | 3219 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.367% due 03/25/2036 ~  | 427 | 419 |
| 5.750% due 09/25/2035 •  | 4 | 5 |
| 6.746% due 03/25/2034 ~  | 148 | 138 |
| **CLNY Trust** <br>5.278% due 11/15/2038 •  | 4464 | 4402 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **COMM Mortgage Trust**  |  |  |
| 4.798% due 06/15/2034 •  | 3400 | 3309 |
| 5.165% due 12/15/2038 •  | 19379 | 19153 |
| **Countrywide Alternative Loan Trust** <br>4.246% due 06/25/2036 •  | 327 | 131 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.868% due 03/25/2032 ~ | 156 | 152 |
| **CRSNT Trust** <br>4.694% due 04/15/2036 •  | 25400 | 25236 |
| **CSFB Mortgage-Backed Pass-Through Certificates** <br>6.978% due 10/25/2033 ~ | 10 | 9 |
| **CSMC Trust** <br>6.778% due 06/01/2050 ~ | 14102 | 14062 |
| **DBGS Mortgage Trust** <br>5.410% due 10/15/2039 •  | 1220 | 1220 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.246% due 06/25/2037 •  | 5368 | 4819 |
| **DROP Mortgage Trust** <br>5.014% due 10/15/2043 •  | 23100 | 22548 |
| **EMF-NL Prime BV** <br>2.866% due 04/17/2041 •  | 3000 | 3336 |
| **Eurosail-U.K. PLC** <br>4.851% (BP0003M + 0.950%) due 06/13/2045 ~ | 1215 | 1637 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 5.040% due 09/25/2034 ~  | $15 | 15 |
| 5.192% due 09/25/2035 ~  | 86 | 76 |
| **Government National Mortgage Association REMICS** <br>4.698% due 10/20/2075 •  | 14963 | 15030 |
| **GS Mortgage Securities Corp. Trust**  |  |  |
| 5.047% due 11/15/2032 •  | 2514 | 2499 |
| 5.120% due 12/15/2036 •  | 232 | 232 |
| **GS Mortgage-Backed Securities Trust** <br>3.000% due 09/25/2052 ~ | 20507 | 17984 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.951% due 09/25/2035 ~  | 107 | 103 |
| 5.109% due 09/25/2035 ~  | 8 | 8 |
| 6.000% due 03/25/2032  | 13 | 13 |
| 6.117% due 09/25/2035 ~  | 35 | 35 |
| 6.290% due 07/25/2035 ~  | 471 | 238 |
| **HarborView Mortgage Loan Trust** <br>4.742% due 07/19/2035 ~ | 1181 | 879 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.266% due 05/25/2046 •  | 759 | 705 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.214% due 12/15/2036 •  | 7000 | 3462 |
| **JP Morgan Mortgage Trust**  |  |  |
| 0.000% due 04/25/2037 ~  | 96 | 50 |
| 5.099% due 08/25/2035 ~  | 758 | 673 |
| 6.186% due 07/25/2035 ~  | 9 | 9 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.633% due 11/21/2034 ~ | 29 | 29 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 4.815% due 12/15/2036 •  | 100 | 77 |
| 4.898% due 11/15/2034 •  | 2398 | 2384 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.100% due 08/25/2034 ~  | 39 | 36 |
| 4.106% due 04/25/2035 •  | 522 | 522 |
| 4.166% due 01/25/2035 •  | 133 | 127 |
| 5.500% due 11/25/2035  | 824 | 723 |
| **MortgageIT Trust** <br>4.486% due 02/25/2035 •  | 67 | 68 |
| **Natixis Commercial Mortgage Securities Trust** <br>4.965% due 08/15/2038 •  | 4826 | 4691 |
| **New Orleans Hotel Trust** <br>4.787% due 04/15/2032 •  | 1400 | 1392 |
| **Newgate Funding PLC** <br>2.700% due 12/15/2050 •  | 522 | 607 |
| **NYO Commercial Mortgage Trust** <br>4.960% due 11/15/2038 •  | $4700 | 4696 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 18794 | 16447 |
| 4.774% due 10/25/2051 •  | 4913 | 4604 |
| **One Market Plaza Trust** <br>3.614% due 02/10/2032 | 6282 | 6007 |
| **ONE Mortgage Trust** <br>4.564% due 03/15/2036 •  | 2450 | 2444 |
| **Prime Mortgage Trust** <br>4.246% due 02/25/2034 •  | 78 | 74 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 88700 | 59194 |
| **SFO Commercial Mortgage Trust** <br>5.014% due 05/15/2038 •  | $3500 | 3495 |
| **STARM Mortgage Loan Trust** <br>6.674% due 01/25/2037 ~ | 399 | 230 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>6.298% due 02/25/2034 ~ | 8 | 8 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.106% due 03/25/2037 •  | 34 | 13 |
| 4.406% due 02/25/2036 •  | 635 | 545 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 3.905% due 06/25/2029 ~  | 31 | 30 |
| 4.506% due 09/19/2032 •  | 79 | 75 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>6.253% due 06/25/2033 ~ | 6 | 5 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 2.901% due 12/25/2045 •  | 383 | 349 |
| 6.111% due 10/25/2045 •  | 501 | 549 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.900% due 10/25/2059 ~  | 1585 | 1531 |
| 4.846% due 05/25/2058 •  | 2158 | 2199 |
| **UWM Mortgage Trust** <br>4.824% due 12/25/2051 •  | 16966 | 15856 |
| **VASA Trust** <br>4.765% due 07/15/2039 •  | 5000 | 4938 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.426% due 10/25/2045 •  | 17 | 16 |
| 4.586% due 11/25/2034 •  | 942 | 926 |
| 4.774% due 01/25/2036 ~  | 52 | 50 |
| 5.029% due 08/25/2046 •  | 18 | 17 |
| 5.429% due 06/25/2042 •  | 123 | 116 |
| 6.000% due 06/25/2034  | 308 | 317 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust** <br>6.350% due 02/25/2033 ~ | 2 | 2 |
| Total Non-Agency Mortgage-Backed Securities (Cost $334,583) |  | 325443 |
| **ASSET-BACKED SECURITIES 5.6%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.4%**  |  |  |
| **Chase Auto Owner Trust** <br>5.680% due 01/25/2029 | 1372 | 1387 |
| **Chesapeake Funding II LLC** <br>5.520% due 05/15/2036 | 617 | 624 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 345 | 347 |
| **GLS Auto Receivables Issuer Trust** <br>4.750% due 03/15/2028 | 947 | 949 |
| **Oscar U.S. Funding XIV LLC** <br>2.820% due 04/10/2029 | 11730 | 11635 |
| **Oscar U.S. Funding XVII LLC** <br>4.630% due 12/10/2027 | 354 | 354 |
| **Research-Driven Pagaya Motor Asset Trust** <br>7.130% due 01/26/2032 | 157 | 158 |
| **SFS Auto Receivables Securitization Trust** <br>5.470% due 10/20/2028 | 1124 | 1131 |
| **Stellantis Financial Underwritten Enhanced Lease Trust** <br>4.630% due 07/20/2027 | 6600 | 6624 |
|  |  | 23209 |
| **CMBS OTHER 1.5%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 2222 | 2235 |
| **AREIT Trust** <br>5.187% due 01/20/2037 •  | 10710 | 10697 |
| **BDS Ltd.** <br>5.199% due 12/16/2036 •  | 6511 | 6517 |
| **GPMT Ltd.**  |  |  |
| 5.198% due 12/15/2036 •  | 12896 | 12916 |
| 5.349% due 07/16/2035 •  | 1446 | 1446 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 18615 | 18625 |
| **MF1 Ltd.** <br>5.081% due 02/19/2037 •  | 14934 | 14938 |
| **Ready Capital Mortgage Financing LLC** <br>5.046% due 11/25/2036 •  | 273 | 273 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 13622 | 13598 |
|  |  | 81245 |
| **CREDIT CARD OTHER 0.3%**  |  |  |
| **Synchrony Card Funding LLC** <br>5.740% due 10/15/2029 | 17600 | 17858 |
| **HOME EQUITY OTHER 0.2%**  |  |  |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.385% due 06/15/2031 •  | 4 | 4 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.846% due 11/25/2042 •  | 97 | 98 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.646% due 03/25/2043 •  | 613 | 609 |
| **Centex Home Equity Loan Trust** <br>4.776% due 09/25/2034 •  | 804 | 797 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.566% due 07/25/2034 •  | 23 | 26 |
| 4.596% due 03/25/2034 •  | 216 | 224 |
| **EquiFirst Mortgage Loan Trust** <br>4.326% due 01/25/2034 •  | 122 | 121 |
| **Fremont Home Loan Trust** <br>3.966% due 01/25/2037 •  | 159 | 74 |
| **GSAMP Trust** <br>3.916% due 12/25/2036 •  | 1232 | 612 |
| **Home Equity Asset Trust** <br>4.406% due 08/25/2036 •  | 2888 | 2877 |
| **HSI Asset Securitization Corp. Trust** <br>3.946% due 10/25/2036 •  | 28 | 10 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.096% due 05/25/2037 •  | 2613 | 2397 |
| 4.551% due 12/25/2034 •  | 311 | 310 |
| **Morgan Stanley IXIS Real Estate Capital Trust** <br>3.896% due 11/25/2036 •  | 13 | 4 |
| **New Century Home Equity Loan Trust** <br>4.566% due 03/25/2035 •  | 1482 | 1495 |
| **NovaStar Mortgage Funding Trust** <br>4.166% due 05/25/2036 •  | 460 | 458 |
| **RAAC Trust** <br>4.546% due 03/25/2034 •  | 39 | 39 |
| **Renaissance Home Equity Loan Trust** <br>4.546% due 08/25/2032 •  | 40 | 38 |
| **Saxon Asset Securities Trust** <br>1.432% due 03/25/2035 •  | 128 | 110 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.966% due 12/25/2036 •  | 2724 | 572 |
| 4.106% due 05/25/2037 •  | 305 | 240 |
| **Soundview Home Loan Trust** <br>3.966% due 11/25/2036 •  | 1062 | 285 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.551% due 03/25/2034 •  | 1339 | 1423 |
| 4.746% due 09/25/2034 •  | 58 | 56 |
|  |  | 12879 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Mid-State Trust XI** <br>4.864% due 07/15/2038 | 25 | 25 |
| **WHOLE LOAN COLLATERAL 0.1%**  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.671% due 05/25/2034 •  | 653 | 639 |
| **GSAMP Trust** <br>3.401% due 11/25/2034 •  | 728 | 709 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.406% due 12/25/2035 •  | 1275 | 1268 |
|  |  | 2616 |
| **OTHER ABS 3.1%**  |  |  |
| **AGL CLO 14 Ltd.** <br>5.000% due 12/02/2034 •  | 1000 | 1000 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 1300 | 1300 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.934% due 10/20/2034 •  | 1100 | 1099 |
| **Apidos CLO XI** <br>5.122% due 04/17/2034 •  | 1000 | 1001 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | 1900 | 1900 |
| **ARES LXV CLO Ltd.** <br>4.978% due 07/25/2034 •  | 500 | 500 |
| **ARES XLIV CLO Ltd.** <br>5.035% due 04/15/2034 •  | 2600 | 2601 |
| **ARES XXVII CLO Ltd.** <br>5.009% due 10/28/2034 •  | 3900 | 3901 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 1100 | 1100 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 1800 | 1800 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.850% due 04/23/2035 •  | 2100 | 2099 |
| 5.042% due 07/17/2035 •  | 1700 | 1701 |
| **BNPP AM Euro CLO DAC** <br>2.626% due 04/15/2031 •  | 295 | 346 |
| **Canyon Capital CLO Ltd.** <br>4.915% due 10/15/2034 •  | $1000 | 999 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 1000 | 1176 |
| **Capital Street Master Trust** <br>5.074% due 08/16/2029 •  | $1000 | 999 |
| **Carlyle Euro CLO DAC** <br>2.954% due 08/15/2032 •  | 5311 | 6249 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>4.974% due 07/20/2034 •  | $2800 | 2802 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.814% due 11/15/2031 •  | 31 | 36 |
| **CIFC Funding Ltd.** <br>5.077% due 10/24/2030 •  | $3268 | 3272 |
| **DataBank Issuer II LLC** <br>5.180% due 09/27/2055 | 4800 | 4737 |
| **Dryden 95 CLO Ltd.** <br>4.929% due 08/20/2034 •  | 1100 | 1100 |
| **Elevation CLO Ltd.** <br>4.988% due 07/25/2034 •  | 3300 | 3297 |
| **Flatiron CLO 19 Ltd.** <br>5.032% due 11/16/2034 •  | 713 | 713 |
| **Golub Capital Partners CLO 50B-R Ltd.** <br>4.994% due 04/20/2035 •  | 1500 | 1500 |
| **Guggenheim CLO Ltd.** <br>5.055% due 01/15/2035 •  | 1000 | 999 |
| **Hayfin Emerald CLO VI DAC** <br>3.259% due 10/15/2038 •  | 900 | 1059 |
| **ICG U.S. CLO Ltd.** <br>5.034% due 10/20/2034 •  | $3100 | 3102 |
| **Indigo Credit Management I DAC** <br>0.000% due 10/15/2037 •  | 1000 | 1175 |
| **Invesco CLO Ltd.** <br>5.034% due 07/20/2035 •  | $1400 | 1400 |
| **Jamestown CLO XVI Ltd.** <br>4.978% due 07/25/2034 •  | 1200 | 1200 |
| **KKR CLO 36 Ltd.** <br>5.055% due 10/15/2034 •  | 1300 | 1300 |
| **KKR CLO 42 Ltd.** <br>5.034% due 07/20/2034 •  | 1100 | 1101 |
| **LCM 35 Ltd.** <br>4.985% due 10/15/2034 •  | 1000 | 1000 |
| **Madison Park Euro Funding XIV DAC** <br>2.826% due 07/15/2032 •  | 4951 | 5823 |
| **Madison Park Funding XLIX Ltd.** <br>4.934% due 10/19/2034 •  | $1000 | 1000 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 2100 | 2099 |
| **Marble Point CLO XXII Ltd.** <br>5.078% due 07/25/2034 •  | 3500 | 3504 |
| **Massachusetts Educational Financing Authority** <br>5.525% due 04/25/2038 •  | 473 | 474 |
| **Navesink CLO 2 Ltd.** <br>0.000% due 01/15/2036 •(b) | 700 | 700 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.972% due 10/14/2036 •  | 1700 | 1699 |
| **Northwoods Capital 25 Ltd.** <br>5.004% due 07/20/2034 •  | 800 | 799 |
| **Ocean Trails CLO XI** <br>4.914% due 07/20/2034 •  | 3400 | 3391 |
| **Octagon Investment Partners 40 Ltd.** <br>4.924% due 01/20/2035 •  | 1700 | 1700 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 5.065% due 03/15/2032  | 182 | 183 |
| 5.108% due 03/15/2033  | 500 | 503 |
| **Pagaya AI Debt Trust** <br>6.660% due 07/15/2031 | 58 | 58 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 2.859% due 10/15/2034 •  | 993 | 1168 |
| 3.034% due 08/15/2033 •  | 568 | 667 |
| 3.047% due 07/15/2035 •  | 600 | 705 |
| 3.214% due 02/15/2035 •  | 2082 | 2449 |
| **Parallel Ltd.** <br>5.015% due 07/15/2034 •  | $1200 | 1198 |
| **Park Avenue Institutional Advisers CLO Ltd.** <br>4.994% due 01/20/2034 •  | 700 | 701 |
| **PK ALIFT Loan Funding 6 LP** <br>5.365% due 11/15/2042 | 1408 | 1420 |
| **Rockford Tower CLO Ltd.** <br>5.084% due 07/20/2035 •  | 1200 | 1201 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  | 1200 | 1201 |
| **Romark CLO V Ltd.** <br>5.095% due 01/15/2035 •  | 1500 | 1501 |
| **Sculptor CLO XXVII Ltd.** <br>4.944% due 07/20/2034 •  | 800 | 800 |
| **Silver Rock CLO II Ltd.** <br>4.924% due 01/20/2035 •  | 1200 | 1200 |

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------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SLM Student Loan Trust** <br>2.650% due 12/15/2033 •  | 373 | 413 |
| **SMB Private Education Loan Trust**  |  |  |
| 3.940% due 02/16/2055  | $10789 | 10574 |
| 5.380% due 07/15/2053  | 2062 | 2106 |
| 5.434% due 02/16/2055 •  | 10789 | 10899 |
| 5.670% due 11/15/2052  | 7920 | 8141 |
| **Symphony CLO 36 Ltd.** <br>0.000% due 01/20/2036 •(b) | 1300 | 1300 |
| **Symphony CLO XXIV Ltd.** <br>5.261% due 10/23/2035 •  | 1200 | 1200 |
| **Symphony CLO XXXII Ltd.** <br>5.419% due 10/23/2035 | 2400 | 2400 |
| **THL Credit Wind River CLO Ltd.** <br>5.105% due 04/15/2035 •  | 2400 | 2402 |
| **Tikehau CLO IX DAC** <br>3.224% due 01/20/2037 •  | 4900 | 5763 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 2500 | 2940 |
| **Trinitas CLO XVII Ltd.** <br>5.034% due 10/20/2034 •  | $1900 | 1901 |
| **Trinitas CLO XX Ltd.** <br>4.924% due 07/20/2035 •  | 2000 | 1995 |
| **Trysail CLO Ltd.** <br>5.123% due 10/20/2033 •  | 1000 | 1001 |
| **Venture 36 CLO Ltd.** <br>5.276% due 04/20/2032 •  | 9994 | 10001 |
| **Venture XXVII CLO Ltd.** <br>5.196% due 07/20/2030 •  | 165 | 165 |
| **Voya CLO Ltd.** <br>4.944% due 04/20/2034 •  | 2300 | 2300 |
| **Wellfleet CLO Ltd.**  |  |  |
| 5.055% due 07/15/2034 •  | 900 | 900 |
| 5.064% due 04/20/2034 •  | 700 | 701 |
| **Wind River CLO Ltd.** <br>4.994% due 07/20/2034 •  | 1700 | 1700 |
|  |  | 164510 |
| Total Asset-Backed Securities (Cost $303,394) |  | 302342 |
| **SOVEREIGN ISSUES 3.3%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | 801500 | 141489 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $11300 | 11923 |
| **Israel Government International Bonds** <br>5.375% due 02/19/2030 | 6300 | 6524 |
| **Saudi Government International Bonds** <br>5.125% due 01/13/2028 | 16100 | 16457 |
| Total Sovereign Issues (Cost $177,106) |  | 176393 |
| **SHORT-TERM INSTRUMENTS 30.4%**  |  |  |
| **COMMERCIAL PAPER 1.5%**  |  |  |
| **Air Lease Corp.**  |  |  |
| 4.000% due 01/14/2026  | 750 | 749 |
| 4.220% due 01/12/2026  | 5000 | 4993 |
| 4.300% due 01/08/2026  | 2100 | 2098 |
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 3.990% due 01/21/2026  | 350 | 349 |
| 4.110% due 01/08/2026  | 1300 | 1299 |
| **AMETEK, Inc.**  |  |  |
| 4.020% due 01/12/2026  | 3300 | 3296 |
| 4.150% due 01/06/2026  | 650 | 650 |
| **Bacardi-Martini BV**  |  |  |
| 4.350% due 01/29/2026  | 700 | 698 |
| 4.350% due 02/05/2026  | 450 | 448 |
| **Becton Dickinson & Co.** <br>4.030% due 01/14/2026 | 900 | 899 |
| **Conagra Brands, Inc.**  |  |  |
| 4.050% due 01/05/2026  | 250 | 250 |
| 4.050% due 01/12/2026  | 600 | 599 |
| 4.100% due 01/13/2026  | 1050 | 1048 |
| **Crown Castle, Inc.**  |  |  |
| 4.140% due 01/22/2026  | 1250 | 1247 |
| 4.150% due 01/20/2026  | 9750 | 9727 |
| 4.150% due 01/21/2026  | 1250 | 1247 |
| 4.150% due 01/22/2026  | 2100 | 2095 |
| **Edison International**  |  |  |
| 4.250% due 01/02/2026  | 1100 | 1100 |
| 4.550% due 01/05/2026  | 1450 | 1449 |
| 4.550% due 01/06/2026  | 700 | 699 |
| 4.550% due 01/07/2026  | 650 | 649 |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Enbridge U.S., Inc.**  |  |  |
| 4.040% due 01/02/2026  | 1300 | 1300 |
| 4.040% due 01/07/2026  | 1500 | 1499 |
| **Equifax, Inc.** <br>4.060% due 01/09/2026 | 350 | 350 |
| **ERAC USA Finance LLC** <br>4.200% due 01/12/2026 | 800 | 799 |
| **Fidelity National Information Services, Inc.**  |  |  |
| 3.950% due 01/07/2026  | 350 | 350 |
| 3.950% due 01/14/2026  | 300 | 300 |
| 3.950% due 01/23/2026  | 750 | 748 |
| **HA Sustainable Infrastructure Capital, Inc.**  |  |  |
| 4.150% due 01/08/2026  | 1450 | 1449 |
| 4.550% due 01/13/2026  | 300 | 299 |
| **HCA, Inc.**  |  |  |
| 4.100% due 01/20/2026  | 2850 | 2844 |
| 4.100% due 01/21/2026  | 900 | 898 |
| 4.100% due 01/26/2026  | 1150 | 1147 |
| 4.120% due 01/20/2026  | 750 | 748 |
| 4.120% due 02/02/2026  | 1550 | 1544 |
| 4.120% due 02/04/2026  | 900 | 896 |
| 4.120% due 02/12/2026  | 850 | 846 |
| 4.300% due 01/05/2026  | 600 | 600 |
| 4.300% due 01/13/2026  | 1550 | 1548 |
| **International Flavors & Fragrances, Inc.** <br>4.100% due 01/30/2026 | 300 | 299 |
| **Jabil, Inc.**  |  |  |
| 4.130% due 01/07/2026  | 1700 | 1699 |
| 4.130% due 01/12/2026  | 1600 | 1598 |
| 4.130% due 01/14/2026  | 3700 | 3694 |
| 4.150% due 01/07/2026  | 600 | 599 |
| 4.150% due 01/12/2026  | 400 | 399 |
| 4.150% due 01/13/2026  | 650 | 649 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 4.000% due 01/07/2026  | 300 | 300 |
| 4.240% due 01/09/2026  | 2850 | 2847 |
| **Marriott International, Inc.** <br>4.020% due 01/02/2026 | 1000 | 1000 |
| **Oracle Corp.** <br>4.220% due 01/16/2026 | 3400 | 3394 |
| **San Diego Gas & Electric Co.** <br>3.940% due 01/20/2026 | 700 | 698 |
| **Southern California Edison Co.**  |  |  |
| 4.550% due 01/05/2026  | 5150 | 5147 |
| 4.550% due 01/06/2026  | 750 | 749 |
| 4.550% due 01/08/2026  | 1150 | 1149 |
| 4.550% due 01/15/2026  | 350 | 349 |
| **VW Credit, Inc.** <br>4.220% due 01/13/2026 | 1150 | 1148 |
|  |  | 79472 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.850% (f) | 1096137 | 1096 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (h) 27.0%** |  | 1461600 |
| **U.S. TREASURY BILLS 1.9%**  |  |  |
| 3.647% due 01/27/2026 - 02/26/2026 (c)(d)(l) | 103261 | 102740 |
| Total Short-Term Instruments (Cost $1,644,922) |  | 1644908 |
| Total Investments in Securities (Cost $6,244,884) |  | 6201393 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 14.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 14.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 14.0%**  |  |  |
| **PIMCO Short Asset Portfolio** | 77353678 | 759381 |

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------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $755,601) | 759381 |
| Total Investments in Affiliates (Cost $755,601) | 759381 |
| Total Investments 128.7% (Cost $7,000,485) | $6960774 |
| **Financial Derivative Instruments (i)(k) (0.0)**%(Cost or Premiums, net $2,338) | (1976) |
| Other Assets and Liabilities, net (28.7)% | (1549331) |
| Net Assets 100.0% | $5409467 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 22 | 48 | 65 | 70 | 86 | 87 | 116 | 131 | 140 | 149 | 156 | 172 | 196 | 201 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(g)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Hardwood Funding LLC | Hardwood Funding LLC | Hardwood Funding LLC | 4.840 | 06/07/2028 | 06/07/2028 | 03/11/2025 | 03/11/2025 | 03/11/2025 | 1500 | 1500 | 1500 | $ | 1516 | 0.03 | % |
| National Football League | National Football League | National Football League | 5.480 | 10/05/2028 | 10/05/2028 | 03/14/2024 | 03/14/2024 | 03/14/2024 | 2400 | 2400 | 2400 |  | 2455 | 0.04 |  |
|  |  |  |  |  |  |  |  | $ | 3900 | 3900 | $ | $ | 3971 | 0.07%  | 0.07%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(h)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.770%  | 01/06/2026 | 100000 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 01/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 01/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 01/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 01/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 01/15/2028 | (102301) | (102301) | (102301) | 100000 | $100178 | 100178 |
|  | 3.790  | 01/05/2026 | 628500 | 628500 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.125% due 11/30/2027 - 03/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.125% due 11/30/2027 - 03/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.125% due 11/30/2027 - 03/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.125% due 11/30/2027 - 03/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.125% due 11/30/2027 - 03/31/2031 | (641142) | (641142) | (641142) | 628500 | 628500 | 628500 |
|  | 3.870  | 01/02/2026 | 626300 | 626300 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 04/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 04/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 04/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 04/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 04/30/2030 | (649326) | (649326) | (649326) | 626300 | 626435 | 626435 |
| SAL | 3.930  | 01/02/2026 | 106800 | 106800 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 12/24/2026 | (108983) | (108983) | (108983) | 106800 | 106823 | 106823 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  | **(1501752)** | **(1501752)** | **(1501752)** | **1461600** | $**1461936** | **1461936** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% | U.S. Government Agencies (9.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 02/01/2056 | $418700 | 418700 | 418700 | $ | (370467) | $(370108) | (370108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 02/01/2056 | 176500 | 176500 | 176500 |  | (162628) | (162635) | (162635) |
| **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** | **Total Short Sales (9.8)%** |  |  |  |  | **$** | **(533095)** | $**(532743)** | **(532743)** |
| **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Cash of $87 has been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 158 | 158 | 158 | (28) | (28) | (28) | (25) | (25) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 83 | 83 | 83 | (14) | (14) | (14) | (26) | (26) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 241 | 241 | 241 | (48) | (48) | (48) | (18) | (18) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 127.500 | 01/23/2026 | 14 | 14 | 14 | (7) | (7) | (7) | (10) | (10) |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 130.500 | 01/23/2026 | 14 | 14 | 14 | 14 | (7) | (7) |  | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(104)** | **(104)** | **$** | **(80)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 03/2026 | 36 | 36 | 4914 | 4914 |  | (35) | (35) | (35) | 0 | 0 | 0 | (5) |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 35 | 35 | 5247 | 5247 |  | (73) | (73) | (73) | 0 | 0 | 0 | (9) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 21512 | 21512 | 4491470 | 4491470 |  | (456) | (456) | (456) | 0 | 0 | 0 | (1513) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 8424 | 8424 | 920783 | 920783 |  | (898) | (898) | (898) | 0 | 0 | 0 | (966) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1462) | (1462) | $ | 0 | 0 | $ | (2493) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 227 | 227 | (25523) | (25523) |  | 172 | 172 | 172 | 46 | 46 | 46 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 4363 | 4363 | (501813) | (501813) |  | 3370 | 3370 | 3370 | 818 | 818 | 818 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3542 | 3542 | $ | 864 | 864 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **2080** | **2080** | **$** | **864** | **864** | **$** | **(2493)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | Quarterly | 06/20/2026 | 06/20/2026 | 0.252 | 0.252 | % | % | $2350 | 2350 | 15 | 15 | $ | (6) | 9 | 9 | 9 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 |  |  | 15900 | 15900 | 82 | 82 |  | (19) | 63 | 63 | 63 | 1 | 1 | 0 |
| Oracle Corp.  | Oracle Corp.  | Quarterly | 06/20/2030 | 06/20/2030 | 1.367 | 1.367 |  |  | 4900 | 4900 | 107 | 107 |  | (178) | (71) | (71) | (71) | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  |  |  | 204 | 204 | $ | (203) | 1 | 1 | 1 | 1 | 1 | (1) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | $ | $ | 2200 | 2200 | 49 | 49 | $ | 1 | 50 | 50 | 50 | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 09/17/2030 | 09/17/2030 | 09/17/2030 | GBP | 82800 | 82800 | $(341) | (341) | $ | 800 | $459 | 459 | 459 | $93 | 93 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.930 | Annual | 01/06/2035 | 01/06/2035 | 01/06/2035 |  | 1400 | 1400 | (4) | (4) |  | (3) | (7) | (7) | (7) | 2 | 2 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 | JPY | 22380000 | 22380000 | 465 | 465 |  | 215 | 680 | 680 | 680 | 90 | 90 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.150 | Annual | 06/15/2027 | 06/15/2027 | 06/15/2027 | $ | 150400 | 150400 | (572) | (572) |  | (3728) | (4300) | (4300) | (4300) | 0 | 0 | (66) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 12/18/2029 | 12/18/2029 |  | 64400 | 64400 | 143 | 143 |  | (988) | (845) | (845) | (845) | 88 | 88 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 03/04/2030 | 03/04/2030 |  | 9900 | 9900 | (19) | (19) |  | (110) | (129) | (129) | (129) | 14 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.547 | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 24690 | 24690 | 0 | 0 |  | (90) | (90) | (90) | (90) | 39 | 39 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  | 18500 | 18500 | 0 | 0 |  | (70) | (70) | (70) | (70) | 29 | 29 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 |  | 12900 | 0 | (93) | (93) | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 |  | 8500 | 0 | (77) | (77) | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 |  | 6900 | 0 | (67) | (67) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.687 | Annual | 10/31/2030 |  | 2200 | 0 | (22) | (22) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 |  | 26300 | 0 | (269) | (269) | 42 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 |  | 19400 | 0 | (200) | (200) | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.727 | Annual | 10/31/2030 |  | 25400 | 0 | (304) | (304) | 40 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 |  | 2900 | 0 | (36) | (36) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 |  | 9300 | 0 | (117) | (117) | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.749 | Annual | 10/31/2030 |  | 13700 | 0 | (178) | (178) | 22 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 |  | 283600 | 27 | (2855) | (2828) | 509 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 |  | 34710 | 3582 | (127) | 3455 | 68 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 |  | 1160 | (4) | (9) | (13) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 08/05/2034 |  | 2200 | (8) | (12) | (20) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 |  | 700 | (2) | 11 | 9 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 |  | 2700 | (10) | 46 | 36 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 |  | 2700 | (10) | 44 | 34 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 |  | 500 | (2) | 7 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 |  | 2500 | (9) | 51 | 42 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 |  | 200 | (1) | 4 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 |  | 2200 | (9) | 64 | 55 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 |  | 2500 | (10) | 72 | 62 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 |  | 300 | (1) | 13 | 12 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 |  | 1500 | (7) | 64 | 57 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 |  | 2500 | (11) | 98 | 87 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | 09/16/2034 |  | 1000 | (4) | 39 | 35 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 |  | 1000 | (4) | 42 | 38 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 |  | 1390 | (5) | 57 | 52 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 |  | 500 | (2) | (7) | (9) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 1250 | (5) | (5) | (10) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 3700 | (13) | (22) | (35) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 |  | 1300 | (5) | (3) | (8) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 5600 | (20) | (17) | (37) | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 3500 | (12) | (19) | (31) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 2500 | (7) | (16) | (23) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 5400 | (15) | (68) | (83) | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 5700 | (17) | (49) | (66) | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 3700 | (11) | (17) | (28) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 |  | 57100 | 1217 | 1461 | 2678 | 136 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 5375 | (35) | 57 | 22 | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 |  | 3675 | 121 | 92 | 213 | 11 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | AUD | 151550 | 2584 | (4618) | (2034) | 0 | (194) |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 | EUR | 2400 | (3) | (22) | (25) | 1 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

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| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.360 | Annual | Annual | 10/07/2029 | 3500 |  | (7) |  | 20 |  | 13 |  | 2 | 2 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.400 | Annual | Annual | 04/09/2030 | 1700 |  | (3) |  | (13) |  | (16) |  | 1 | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.580 | Annual | Annual | 08/29/2034 | 1030 |  | (3) |  | 26 |  | 23 |  | 1 | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.400 | Annual | Annual | 02/12/2035 | 800 |  | (2) |  | 26 |  | 24 |  | 1 | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.520 | Annual | Annual | 04/09/2035 | 1100 |  | (4) |  | 25 |  | 21 |  | 2 | 2 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.450 | Annual | Annual | 05/05/2035 | 700 |  | (2) |  | 21 |  | 19 |  | 1 | 1 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $6940 | 6940 | $(10876) | (10876) | $(3936) | (3936) | $1434 | 1434 | 1434 | $(260) | (260) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**7193** | **7193** | $**(11078)** | **(11078)** | $**(3885)** | **(3885)** | $**1435** | **1435** | **1435** | $**(261)** | **(261)** |
| **(j)** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $51,407 and cash of $17,552 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | TWD | 2678 | 2678 | $ | $88 | 88 | 88 | 3 | 3 | 3 | 3 | $0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $150 | 150 | PLN | 551 | 551 | 551 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | CNH | 97 | 97 | $ | $14 | 14 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | IDR | 3742300 | 3742300 |  | 224 | 224 | 224 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 3676 | 3676 |  | 2089 | 2089 | 2089 | 0 | 0 | 0 | 0 | (28) | (28) | (28) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 11142 | 11142 |  | 365 | 365 | 365 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $94 | 94 | PLN | 347 | 347 | 347 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 2469 | 2469 | $ | $79 | 79 | 79 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 110200 | 110200 |  | 19292 | 19292 | 19292 | 0 | 0 | 0 | 0 | (406) | (406) | (406) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | $ | $112 | 112 | PLN | 407 | 407 | 407 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1004 | 1004 | ZAR | 17386 | 17386 | 17386 | 45 | 45 | 45 | 45 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | 01/2026  |  | 2947 | 2947 | JPY | 458683 | 458683 | 458683 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 209300 | 209300 | $ | $36851 | 36851 | 36851 | 33 | 33 | 33 | 33 | (593) | (593) | (593) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | AUD | 3271 | 3271 |  | 2174 | 2174 | 2174 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NOK | 2007 | 2007 |  | 197 | 197 | 197 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 11960 | 11960 |  | 393 | 393 | 393 | 12 | 12 | 12 | 12 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $989 | 989 | DKK | 6340 | 6340 | 6340 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 461 | 461 | INR | 41075 | 41075 | 41075 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 2684 | 2684 | $ | $86 | 86 | 86 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 01/2026  | 01/2026  | ILS | 929 | 929 |  | 291 | 291 | 291 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 540991 | 540991 |  | 370 | 370 | 370 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $174 | 174 | INR | 15468 | 15468 | 15468 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1778 | 1778 | ZAR | 30983 | 30983 | 30983 | 90 | 90 | 90 | 90 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 291 | 291 | ILS | 929 | 929 | 929 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 01/2026  | 01/2026  | AUD | 6749 | 6749 | $ | $4396 | 4396 | 4396 | 0 | 0 | 0 | 0 | (108) | (108) | (108) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 2852 | 2852 |  | 3745 | 3745 | 3745 | 0 | 0 | 0 | 0 | (99) | (99) | (99) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 494 | 494 |  | 154 | 154 | 154 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | MXN | 8689 | 8689 |  | 468 | 468 | 468 | 0 | 0 | 0 | 0 | (13) | (13) | (13) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $765 | 765 | PLN | 2795 | 2795 | 2795 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 186 | 186 | SGD | 241 | 241 | 241 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1249 | 1249 | ZAR | 21484 | 21484 | 21484 | 46 | 46 | 46 | 46 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 154 | 154 | ILS | 494 | 494 | 494 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  | 01/2026  | CHF | 1718 | 1718 | $ | $2142 | 2142 | 2142 | 0 | 0 | 0 | 0 | (28) | (28) | (28) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $570 | 570 | ILS | 1842 | 1842 | 1842 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 542 | 542 | PLN | 1980 | 1980 | 1980 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 0 | 0 | THB | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 927 | 927 | ZAR | 15975 | 15975 | 15975 | 37 | 37 | 37 | 37 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | BRL | 46436 | 46436 | $ | $8381 | 8381 | 8381 | 17 | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | $ | $46 | 46 | BRL | 253 | 253 | 253 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 04/2026  | 04/2026  | 430000 | 430000 | $ | 75810 | 75810 | 75810 |  | 208 | 208 | 208 |  | (1256) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 01/2026  | 250 | 250 |  | 35 | 35 | 35 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | $922 | 922 | ILS | 3007 | 3007 | 3007 |  | 22 | 22 | 22 |  | 0 |
|  |  | 01/2026  | 01/2026  | 73 | 73 | INR | 6538 | 6538 | 6538 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 996 | 996 | KRW | 1428621 | 1428621 | 1428621 |  | 0 | 0 | 0 |  | (5) |
|  |  | 01/2026  | 01/2026  | 544 | 544 | PLN | 2005 | 2005 | 2005 |  | 15 | 15 | 15 |  | 0 |
|  |  | 01/2026  | 01/2026  | 341 | 341 | ZAR | 5856 | 5856 | 5856 |  | 12 | 12 | 12 |  | 0 |
|  |  | 02/2026  | 02/2026  | 1426747 | 1426747 | $ | 996 | 996 | 996 |  | 6 | 6 | 6 |  | 0 |
|  |  | 04/2026  | 04/2026  | 52000 | 52000 |  | 8822 | 8822 | 8822 |  | 0 | 0 | 0 |  | (473) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 3282 | 3282 |  | 2332 | 2332 | 2332 |  | 0 | 0 | 0 |  | (61) |
|  |  | 01/2026  | 01/2026  | 966 | 966 |  | 1134 | 1134 | 1134 |  | 0 | 0 | 0 |  | (2) |
|  |  | 01/2026  | 01/2026  | 1503 | 1503 |  | 863 | 863 | 863 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 01/2026  | $745 | 745 | AUD | 1117 | 1117 | 1117 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 161 | 161 | JPY | 25118 | 25118 | 25118 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 501 | 501 | THB | 16235 | 16235 | 16235 |  | 15 | 15 | 15 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 99 | 99 | $ | 115 | 115 | 115 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | 886834 | 886834 |  | 606 | 606 | 606 |  | 0 | 0 | 0 |  | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 96 | 96 |  | 14 | 14 | 14 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 6224698 | 6224698 |  | 372 | 372 | 372 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 152300 | 152300 |  | 975 | 975 | 975 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 01/2026  | 2904 | 2904 |  | 95 | 95 | 95 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | 01/2026  | $2288 | 2288 | JPY | 355811 | 355811 | 355811 |  | 0 | 0 | 0 |  | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 44109 | 44109 | $ | 51068 | 51068 | 51068 |  | 0 | 0 | 0 |  | (791) |
|  |  | 01/2026  | 01/2026  | $8511 | 8511 | JPY | 1331033 | 1331033 | 1331033 |  | 0 | 0 | 0 |  | (7) |
|  |  | 03/2026  | 03/2026  | $2 | 2 | MXN | 30 | 30 | 30 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 10250 | 10250 | EUR | 8765 | 8765 | 8765 |  | 55 | 55 | 55 |  | 0 |
|  |  | 01/2026  | 01/2026  | 371 | 371 | PLN | 1358 | 1358 | 1358 |  | 8 | 8 | 8 |  | 0 |
|  |  | 01/2026  | 01/2026  | 1745 | 1745 | ZAR | 30349 | 30349 | 30349 |  | 85 | 85 | 85 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**775** | **775** | **775** | **$** | $**(3944)** | **(3944)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| DUB | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.757% | 3.757% | 3.757% | 09/18/2026 | 383000 | 383000 | 383000 | $313 | 313 | $ | $199 |
| MYC | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.757 | 3.757 | 3.757 | 09/18/2026 | 328500 | 328500 | 328500 | 253 | 253 |  | 171 |
| NGF | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.757 | 3.757 | 3.757 | 09/18/2026 | 1800 | 1800 | 1800 | 2 | 2 |  | 1 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**568** | **568** | **$** | $**371** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.551% | 3.551% | 3.551% | 01/05/2026 | 1600 | 1600 | 1600 | $(4) | (4) | $ | $0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.831 | 3.831 | 3.831 | 01/05/2026 | 1600 | 1600 | 1600 | (4) | (4) |  | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.625 | 3.625 | 3.625 | 01/08/2026 | 1100 | 1100 | 1100 | (3) | (3) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.925 | 3.925 | 3.925 | 01/08/2026 | 1100 | 1100 | 1100 | (3) | (3) |  | 0 |
| FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.580 | 3.580 | 3.580 | 01/05/2026 | 5500 | 5500 | 5500 | (13) | (13) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.860 | 3.860 | 3.860 | 01/05/2026 | 5500 | 5500 | 5500 | (13) | (13) |  | (1) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.548 | 3.548 | 3.548 | 01/02/2026 | 2500 | 2500 | 2500 | (6) | (6) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.848 | 3.848 | 3.848 | 01/02/2026 | 2500 | 2500 | 2500 | (6) | (6) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.578 | 3.578 | 3.578 | 01/12/2026 | 3300 | 3300 | 3300 | (7) | (7) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.878 | 3.878 | 3.878 | 01/12/2026 | 3300 | 3300 | 3300 | (7) | (7) |  | (3) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.648 | 3.648 | 3.648 | 01/15/2026 | 1300 | 1300 | 1300 | (3) | (3) |  | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.928 | 3.928 | 3.928 | 01/15/2026 | 1300 | 1300 | 1300 | (3) | (3) |  | (1) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.625 | 3.625 | 3.625 | 01/08/2026 | 4800 | 4800 | 4800 | (12) | (12) |  | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.925 | 3.925 | 3.925 | 01/08/2026 | 4800 | 4800 | 4800 | (12) | (12) |  | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.639 | 3.639 | 3.639 | 01/12/2026 | 4600 | 4600 | 4600 | (11) | (11) |  | (2) |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 8 | 28 | 30 | 41 | 55 | 64 | 74 | 75 | 93 | 103 | 125 | 139 | 148 | 155 | 175 | 188 | 200 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 4600 |  | (11) | (11) | (11) | (2) | (2) |
| NGF | NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 8100 |  | (19) | (19) | (19) | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 8100 |  | (19) | (19) | (19) | (12) | (12) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 7600 |  | (18) | (18) | (18) | (2) | (2) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 7600 |  | (18) | (18) | (18) | (4) | (4) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(192)** | **(192)** | **(192)** | $**(31)** | **(31)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | BOA | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266% | 0.266% | $38000 | $(1834) | (1834) | $2114 | 2114 | $280 | 280 | $0 |
| BPS | BPS | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 3000 | (144) | (144) | 142 | 142 | 0 | 0 | (2) |
|  |  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 | 600 | (53) | (53) | 51 | 51 | 0 | 0 | (2) |
| BRC | BRC | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.897 | 0.897 | 1800 | (88) | (88) | 90 | 90 | 2 | 2 | 0 |
| CBK | CBK | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.897 | 0.897 | 7200 | (352) | (352) | 361 | 361 | 9 | 9 | 0 |
|  |  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 1800 | (65) | (65) | 64 | 64 | 0 | 0 | (1) |
|  |  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 | 9200 | (444) | (444) | 512 | 512 | 68 | 68 | 0 |
| GST | GST | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 1100 | (40) | (40) | 39 | 39 | 0 | 0 | (1) |
|  |  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 | 600 | (53) | (53) | 51 | 51 | 0 | 0 | (2) |
|  |  | Equinix, Inc.  | Equinix, Inc.  | Equinix, Inc.  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.620 | 0.620 | 11400 | 1594 | 1594 | (859) | (859) | 735 | 735 | 0 |
|  |  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.706 | 1.706 | 1600 | (14) | (14) | 9 | 9 | 0 | 0 | (5) |
| MYC | MYC | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 9400 | (424) | (424) | 417 | 417 | 0 | 0 | (7) |
|  |  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 | 10800 | (963) | (963) | 933 | 933 | 0 | 0 | (30) |
|  |  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 | 46800 | (2247) | (2247) | 2591 | 2591 | 344 | 344 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(5127)** | **(5127)** | $**6515** | **6515** | $**1438** | **1438** | $**(50)** |
| **(l)** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $2,276 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | | |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | 0 | $0 | 0 | $1400 | 1400 | $ | 1400 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 400096 | 400096 | 1516 | 1516 |  | 401612 |  |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 196657 | 196657 | 2455 | 2455 |  | 199112 |  |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 | 40639 | 40639 | 0 | 0 |  | 40639 |  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 2374195 | 2374195 | 0 | 0 |  | 2374195 |  |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 735349 | 735349 | 0 | 0 |  | 735349 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 266249 | 266249 | 59194 | 59194 |  | 325443 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 0 | 23209 | 23209 | 0 | 0 |  | 23209 |  |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 0 | 81245 | 81245 | 0 | 0 |  | 81245 |  |  |
| Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 | 0 | 0 | 17858 | 17858 | 0 | 0 |  | 17858 |  |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 0 | 12879 | 12879 | 0 | 0 |  | 12879 |  |  |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 0 | 0 | 25 | 25 | 0 | 0 |  | 25 |  |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 0 | 2616 | 2616 | 0 | 0 |  | 2616 |  |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 0 | 164510 | 164510 | 0 | 0 |  | 164510 |  |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 176393 | 176393 | 0 | 0 |  | 176393 |  |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 0 | 79472 | 79472 | 0 | 0 |  | 79472 |  |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 0 | 1096 | 1096 | 0 | 0 |  | 1096 |  |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 0 | 1461600 | 1461600 | 0 | 0 |  | 1461600 |  |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 | 102740 | 102740 | 0 | 0 |  | 102740 |  |  |
|  |  |  |  |  | $0 | 0 | 0 | 0 | $6136828 | 6136828 | $64565 | 64565 | $ | 6201393 |  |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $759381 | 759381 | 759381 | 759381 | $0 | 0 | $0 | 0 | $ | 759381 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $759381 | 759381 | 759381 | 759381 | $6136828 | 6136828 | $64565 | 64565 | $ | 6960774 |  |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | 0 | $(532743) | (532743) | $0 | 0 | $ | (532743) |  |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 0 | 2299 | 2299 | 0 | 0 |  | 2299 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 2584 | 2584 | 0 | 0 |  | 2584 |  |  |
|  |  |  |  |  | $0 | 0 | 0 | 0 | $4883 | 4883 | $0 | 0 | $ | 4883 |  |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (25) | (25) | (25) | (25) | (2809) | (2809) | 0 | 0 |  | (2834) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (4025) | (4025) | 0 | 0 |  | (4025) |  |  |
|  |  |  |  |  | $(25) | (25) | (25) | (25) | $(6834) | (6834) | $0 | 0 | $ | (6859) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(25) | (25) | (25) | (25) | $(1951) | (1951) | $0 | 0 | $ | (1976) |  |  |
| Totals | Totals | Totals | Totals | Totals | $759356 | 759356 | 759356 | 759356 | $5602134 | 5602134 | $64565 | 64565 | $ | 6426055 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases  | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | 0 | 1400 | $0 | $ | 0 | $ | $0 | $ | 0 | $0 | 0 | $0 | 0 | 1400 | $ | 0 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 1506 | 1500 | (1500) |  | 0 |  | 0 |  | 10 | 0 | 0 | 0 | 0 | 1516 |  | 16 |
| Industrials | 2426 | 0 | 0 |  | 0 |  | 0 |  | 29 | 0 | 0 | 0 | 0 | 2455 |  | 29 |
| Non-Agency Mortgage-Backed Securities | 0 | 57996 | 0 |  | 0 |  | 0 |  | 1198 | 0 | 0 | 0 | 0 | 59194 |  | 1198 |
| Asset-Backed Securities | 1081 | 0 | (501) |  | 0 |  | 36 |  | 50 | 0 | 0 | (666) | (666) | 0 |  | 0 |
| Totals | 5013 | 60896 | $(2001) | $ | 0 | $ | $36 | $ | 1287 | $0 | 0 | $(666) | (666) | 64565 | $ | 1243 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.670  | 6.670  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |

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<br> Schedule of Investments PIMCO Low Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Banking & Finance | Banking & Finance | 1516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.360 |  |
| Industrials | Industrials | 2455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.500 - 4.640 | 4.570 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 59194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 |  |
| Total | Total | $64565 |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Low Duration Fund II December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 119.7% ¤** |  |  |
| **CORPORATE BONDS & NOTES 6.7%**  |  |  |
| **BANKING & FINANCE 3.2%**  |  |  |
| **American Honda Finance Corp.** <br>4.544% due 08/13/2027 •  | $600 | $601 |
| **Athene Global Funding** <br>4.696% due 07/16/2026 •  | 700 | 701 |
| **Bank of America Corp.** <br>4.623% due 05/09/2029 •  | 600 | 608 |
| **Citibank NA**  |  |  |
| 4.876% due 11/19/2027 •  | 300 | 302 |
| 5.438% due 04/30/2026  | 900 | 904 |
| **Goldman Sachs Group, Inc.** <br>4.153% due 10/21/2029 •  | 600 | 600 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.490% (SOFRRATE + 0.765%) due 09/22/2027 ~  | 1000 | 1003 |
| 4.842% (SOFRRATE + 0.930%) due 07/22/2028 ~  | 600 | 604 |
| **Morgan Stanley Bank NA** <br>4.968% due 07/14/2028 •  | 300 | 304 |
| **Morgan Stanley Private Bank NA** <br>4.204% due 11/17/2028 •  | 700 | 702 |
| **Protective Life Global Funding** <br>4.412% (SOFRRATE + 0.500%) due 07/22/2026 ~ | 400 | 401 |
| **RGA Global Funding** <br>4.600% due 11/25/2030 | 200 | 200 |
| **Toyota Motor Credit Corp.** <br>4.550% due 08/07/2026 | 300 | 301 |
| **Wells Fargo & Co.**  |  |  |
| 4.970% due 04/23/2029 •  | 200 | 204 |
| 5.707% due 04/22/2028 •  | 800 | 817 |
| **Wells Fargo Bank NA** <br>5.254% due 12/11/2026 | 800 | 810 |
|  |  | 9062 |
| **INDUSTRIALS 2.7%**  |  |  |
| **AbbVie, Inc.** <br>4.800% due 03/15/2027 | 1000 | 1011 |
| **American Airlines Pass-Through Trust** <br>3.575% due 07/15/2029 | 858 | 850 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 450 | 476 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.750% due 03/21/2028  | 500 | 507 |
| 5.050% due 08/11/2028  | 400 | 410 |
| **Hyundai Capital America**  |  |  |
| 1.800% due 01/10/2028  | 100 | 95 |
| 4.875% due 06/23/2027  | 300 | 303 |
| 5.300% due 03/19/2027  | 1000 | 1015 |
| **International Business Machines Corp.** <br>4.650% due 02/10/2028 | 600 | 609 |
| **Mars, Inc.** <br>4.450% due 03/01/2027 | 200 | 202 |
| **Mercedes-Benz Finance North America LLC**  |  |  |
| 4.750% due 03/31/2028  | 450 | 457 |
| 4.900% due 11/15/2027  | 150 | 153 |
| **Philip Morris International, Inc.** <br>4.125% due 04/28/2028 | 600 | 603 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 4.950% due 03/25/2027  | 500 | 504 |
| 5.050% due 03/27/2028  | 400 | 406 |
|  |  | 7601 |
| **UTILITIES 0.8%**  |  |  |
| **NextEra Energy Capital Holdings, Inc.** <br>4.648% (SOFRINDX + 0.800%) due 02/04/2028 ~ | 200 | 201 |
| **Niagara Mohawk Power Corp.** <br>4.278% due 12/15/2028 | 1100 | 1102 |

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<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Southern California Edison Co.** <br>5.350% due 03/01/2026 | 900 | 902 |
|  |  | 2205 |
| Total Corporate Bonds & Notes (Cost $18,790) |  | 18868 |
| **U.S. GOVERNMENT AGENCIES 36.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 0.800% due 10/28/2026 | 2600 | 2542 |
| 2.500% due 12/01/2032 | 350 | 341 |
| 3.000% due 01/01/2027 - 05/01/2029 | 26 | 25 |
| 3.500% due 05/01/2032 | 181 | 178 |
| 4.000% due 08/01/2048 - 08/01/2052 | 8401 | 8034 |
| 5.000% due 07/01/2053 - 08/01/2053 | 3453 | 3457 |
| 6.000% due 04/01/2055 | 749 | 783 |
| 6.797% due 07/01/2035 •  | 9 | 9 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 2.920% due 01/25/2026 | 59 | 59 |
| 4.559% due 08/25/2027 •  | 264 | 264 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 0.000% due 05/15/2037 (b)(d) | 30 | 28 |
| 2.352% due 04/15/2037 •(a) | 432 | 47 |
| 4.648% due 07/15/2041 •  | 210 | 209 |
| 4.673% due 07/15/2044 •  | 176 | 172 |
| 4.723% due 12/15/2042 •  | 231 | 228 |
| 4.774% due 11/25/2055 •  | 494 | 496 |
| 4.814% due 11/25/2054 •  | 406 | 407 |
| 4.818% due 05/15/2037 •  | 90 | 90 |
| 4.824% due 03/25/2055 •  | 397 | 401 |
| 4.844% due 08/25/2054 •  | 509 | 512 |
| 4.854% due 08/25/2055 •  | 1859 | 1871 |
| 4.974% due 07/25/2055 •  | 455 | 456 |
| 5.009% due 03/15/2050 •  | 393 | 389 |
| 5.024% due 03/25/2055 - 08/25/2055 •  | 818 | 822 |
| 5.074% due 08/25/2055 •  | 5717 | 5743 |
| 5.109% due 12/15/2050 •  | 278 | 278 |
| 5.274% due 03/25/2055 •  | 357 | 360 |
| 5.500% due 01/25/2047 | 192 | 192 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>3.123% due 08/15/2044 •  | 190 | 199 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.229% due 02/25/2045 •  | 151 | 148 |
| 6.500% due 07/25/2043 | 221 | 231 |
| **Federal National Mortgage Association**  |  |  |
| 2.080% due 10/01/2026 | 200 | 197 |
| 2.500% due 11/01/2027 - 06/01/2028 | 335 | 330 |
| 3.000% due 12/01/2026 - 04/01/2052 | 13590 | 12124 |
| 3.150% due 03/01/2026 | 600 | 598 |
| 3.500% due 09/01/2035 - 11/01/2047 | 4598 | 4335 |
| 4.000% due 08/01/2048 | 277 | 269 |
| 4.430% due 08/01/2028 | 500 | 507 |
| 4.449% due 09/01/2028 •  | 2 | 2 |
| 4.500% due 08/01/2033 - 01/01/2036 | 765 | 765 |
| 5.000% due 06/01/2053 | 383 | 383 |
| 5.277% due 07/01/2042 •  | 14 | 14 |
| 5.327% due 09/01/2041 •  | 45 | 46 |
| 5.477% due 08/01/2030 •  | 21 | 21 |
| 6.209% due 07/01/2035 •  | 2 | 2 |
| 6.346% due 11/01/2034 •  | 43 | 45 |
| 6.375% due 01/01/2035 •  | 12 | 12 |
| 6.497% due 05/01/2038 •  | 69 | 72 |
| 6.810% due 06/01/2035 •  | 45 | 46 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 2.000% due 06/25/2042 - 11/25/2046 | 1142 | 1084 |
| 2.261% due 01/25/2040 •(a) | 492 | 49 |
| 4.000% due 01/25/2033 | 1 | 1 |
| 4.439% due 10/25/2030 •  | 5 | 5 |
| 4.723% due 03/25/2049 •  | 394 | 391 |
| 4.774% due 03/25/2055 •  | 435 | 436 |
| 5.009% due 01/25/2051 •  | 343 | 344 |
| 5.034% due 03/25/2055 •  | 434 | 436 |
| 5.074% due 08/25/2055 •  | 2655 | 2668 |
| 5.374% due 12/25/2054 •  | 639 | 645 |
| **Federal National Mortgage Association REMICS Trust**<br>4.698% due 12/25/2042 ~ | 23 | 23 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 03/20/2030 - 06/20/2030 | 104 | 103 |
| 4.500% due 08/20/2048 | 785 | 779 |
| 5.375% due 07/20/2030 •  | 8 | 8 |
| 5.625% due 04/20/2027 - 05/20/2027 •  | 4 | 5 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.568% due 02/20/2074 •  | 298 | 298 |
| 4.614% due 07/20/2067 •  | 206 | 206 |
| 4.680% due 06/20/2065 •  | 38 | 38 |
| 4.714% due 03/20/2065 •  | 383 | 383 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.718% due 04/20/2072 •  | 495 | 496 |
| 4.744% due 03/20/2065 •  | 212 | 212 |
| 4.818% due 01/20/2073 - 08/20/2073 •  | 1535 | 1549 |
| 4.884% due 10/20/2066 •  | 170 | 171 |
| 4.914% due 05/20/2066 - 07/20/2066 •  | 181 | 182 |
| 4.918% due 05/20/2073 •  | 915 | 927 |
| 4.964% due 04/20/2066 •  | 237 | 238 |
| 5.014% due 04/20/2066 - 09/20/2069 •  | 676 | 680 |
| 5.018% due 05/20/2073 •  | 1021 | 1041 |
| 5.068% due 05/20/2073 •  | 750 | 762 |
| 5.078% due 11/20/2072 •  | 487 | 496 |
| 5.088% due 11/20/2072 •  | 591 | 603 |
| 5.364% due 08/20/2070 •  | 1124 | 1144 |
| 5.418% due 08/20/2071 •  | 491 | 504 |
| 5.577% due 09/20/2067 •  | 746 | 756 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 01/01/2056 | 900 | 761 |
| 5.000% due 02/01/2056 | 19900 | 19828 |
| 5.500% due 02/01/2056 | 2000 | 2026 |
| 6.000% due 02/01/2056 | 13600 | 13958 |
| Total U.S. Government Agencies (Cost $104,257) |  | 102975 |
| **U.S. TREASURY OBLIGATIONS 16.5%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.625% due 07/15/2032  | 1569 | 1472 |
| 1.125% due 01/15/2033  | 2733 | 2623 |
| **U.S. Treasury Notes**  |  |  |
| 3.625% due 05/15/2026 | 40200 | 40215 |
| 4.875% due 04/30/2026 | 1900 | 1908 |
| Total U.S. Treasury Obligations (Cost $46,155) |  | 46218 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 7.7%**  |  |  |
| **280 Park Avenue Mortgage Trust** <br>4.958% due 09/15/2034 •  | 900 | 897 |
| **Atrium Hotel Portfolio Trust** <br>4.978% due 12/15/2036 •  | 793 | 784 |
| **BAMLL Commercial Mortgage Securities Trust** <br>4.915% due 09/15/2038 •  | 900 | 869 |
| **Banc of America Funding Trust** <br>5.301% due 05/25/2035 ~ | 82 | 77 |
| **BBCMS Mortgage Trust** <br>3.662% due 04/15/2055 ~ | 1700 | 1587 |
| **BBCMS Trust** <br>5.048% due 07/15/2037 •  | 900 | 880 |
| **Bear Stearns ALT-A Trust** <br>5.406% due 05/25/2035 ~ | 58 | 56 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.594% due 02/25/2036 ~  | 1 | 1 |
| 5.734% due 01/25/2034 ~  | 17 | 16 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.796% due 11/25/2034 ~  | 20 | 19 |
| 5.087% due 02/20/2035 ~  | 3 | 3 |
| 6.148% due 02/20/2036 •  | 145 | 137 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.750% due 09/25/2035 •  | 8 | 9 |
| 6.190% due 09/25/2035 •  | 5 | 4 |
| **CLNY Trust** <br>5.278% due 11/15/2038 •  | 386 | 381 |
| **COMM Mortgage Trust**  |  |  |
| 4.798% due 06/15/2034 •  | 900 | 876 |
| 5.165% due 12/15/2038 •  | 740 | 731 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.868% due 03/25/2032 ~ | 9 | 9 |
| **CRSNT Trust** <br>4.694% due 04/15/2036 •  | 1300 | 1292 |
| **CSMC Trust** <br>5.265% due 07/15/2038 •  | 100 | 90 |
| **DROP Mortgage Trust** <br>5.014% due 10/15/2043 •  | 1100 | 1074 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.618% due 10/20/2075 •  | 754 | 753 |
| 4.688% due 09/20/2075 •  | 1753 | 1759 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 2.500% due 04/25/2052 ~  | 721 | 603 |
| 3.000% due 09/25/2052 ~  | 807 | 708 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.410% due 06/25/2034 ~  | 104 | 100 |
| 4.951% due 09/25/2035 ~  | 67 | 64 |
| **Impac CMB Trust** <br>4.546% due 02/25/2036 •  | 159 | 153 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.214% due 12/15/2036 •  | 900 | 445 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.633% due 11/21/2034 ~ | 112 | 111 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.725% due 08/15/2032 •  | 195 | 195 |
| **Merrill Lynch Mortgage Investors Trust** <br>5.451% due 02/25/2035 ~ | 37 | 36 |
| **New Orleans Hotel Trust** <br>4.787% due 04/15/2032 •  | 900 | 895 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 677 | 592 |
| 4.774% due 10/25/2051 •  | 763 | 715 |
| **One Market Plaza Trust** <br>3.614% due 02/10/2032 | 1315 | 1257 |
| **Prime Mortgage Trust** <br>4.246% due 02/25/2034 •  | 4 | 4 |
| **SFO Commercial Mortgage Trust** <br>5.014% due 05/15/2038 •  | 1900 | 1897 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.106% due 03/25/2037 •  | 94 | 36 |
| 4.346% due 07/19/2035 •  | 15 | 14 |
| 4.606% due 05/19/2035 •  | 210 | 208 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 3.905% due 06/25/2029 ~  | 19 | 19 |
| 4.506% due 09/19/2032 •  | 4 | 4 |
| **UWM Mortgage Trust** <br>4.824% due 12/25/2051 •  | 761 | 711 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.386% due 07/25/2045 •  | 22 | 21 |
| 4.386% due 12/25/2045 •  | 20 | 20 |
| 4.426% due 10/25/2045 •  | 13 | 12 |
| 5.099% due 01/25/2046 •  | 114 | 110 |
| 5.429% due 06/25/2042 •  | 5 | 5 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>3.917% due 11/25/2048 ~ | 473 | 451 |
| Total Non-Agency Mortgage-Backed Securities (Cost $22,758) |  | 21690 |
| **ASSET-BACKED SECURITIES 2.5%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.1%**  |  |  |
| **Chesapeake Funding II LLC** <br>4.754% due 05/15/2036 •  | 411 | 412 |
| **AUTOMOBILE SEQUENTIAL 0.5%**  |  |  |
| **Carvana Auto Receivables Trust** <br>5.420% due 04/10/2028 | 295 | 296 |
| **Chesapeake Funding II LLC** <br>5.520% due 05/15/2036 | 411 | 416 |
| **FCCU Auto Receivables Trust** <br>5.760% due 11/15/2027 | 41 | 42 |
| **Ford Credit Auto Owner Trust** <br>4.850% due 08/15/2035 | 500 | 510 |
|  |  | 1264 |
| **CMBS OTHER 0.6%**  |  |  |
| **BDS LLC** <br>5.531% due 03/19/2039 •  | 839 | 841 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 745 | 745 |
| **Ready Capital Mortgage Financing LLC** <br>5.046% due 11/25/2036 •  | 98 | 98 |
|  |  | 1684 |
| **CREDIT CARD OTHER 0.4%**  |  |  |
| **Synchrony Card Funding LLC** <br>5.740% due 10/15/2029 | 1000 | 1015 |
| **HOME EQUITY OTHER 0.0%**  |  |  |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>5.515% due 03/15/2032 •  | 10 | 11 |
| **C-BASS Trust** <br>3.966% due 11/25/2036 •  | 10 | 5 |
| **Fremont Home Loan Trust** <br>3.966% due 01/25/2037 •  | 6 | 3 |
| **GSAMP Trust** <br>3.916% due 12/25/2036 •  | 39 | 19 |
| **HSI Asset Loan Obligation Trust** <br>3.966% due 12/25/2036 •  | 68 | 19 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Securitized Asset-Backed Receivables LLC Trust** <br>3.966% due 12/25/2036 •  | 77 | 16 |
|  |  | 73 |
| **OTHER ABS 0.9%**  |  |  |
| **Mosaic Solar Loan Trust** <br>2.640% due 01/20/2053 | 570 | 497 |
| **Navient Private Education Loan Trust** <br>5.315% due 07/16/2040 •  | 227 | 227 |
| **Pagaya AI Debt Trust** <br>6.258% due 10/15/2031 | 163 | 163 |
| **SMB Private Education Loan Trust**  |  |  |
| 3.940% due 02/16/2055  | 435 | 427 |
| 5.434% due 02/16/2055 •  | 435 | 440 |
| 5.670% due 11/15/2052  | 464 | 477 |
| **Stonepeak ABS** <br>2.301% due 02/28/2033 | 286 | 280 |
|  |  | 2511 |
| Total Asset-Backed Securities (Cost $7,109) |  | 6959 |
| **SHORT-TERM INSTRUMENTS 49.5%**  |  |  |
| **COMMERCIAL PAPER 0.4%**  |  |  |
| **ERAC USA Finance LLC** <br>4.200% due 01/12/2026 | 1150 | 1149 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (f) | 575353 | 575 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (g) 47.3%** |  | 132400 |
| **U.S. TREASURY BILLS 1.6%**  |  |  |
| 3.655% due 01/08/2026 - 02/12/2026 (c)(d) | $4600 | 4589 |
| Total Short-Term Instruments (Cost $138,713) |  | 138713 |
| Total Investments in Securities (Cost $337,782) |  | 335423 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 13.8%**  |  |  |
| **SHORT-TERM INSTRUMENTS 13.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 13.8%**  |  |  |
| **PIMCO Short Asset Portfolio** | 3918679 | 38470 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 2918 | 28 |
| Total Short-Term Instruments (Cost $38,004) |  | 38498 |
| Total Investments in Affiliates (Cost $38,004) |  | 38498 |
| Total Investments 133.5% (Cost $375,786) |  | $373921 |
| **Financial Derivative Instruments (h)(i) (0.0)**%(Cost or Premiums, net $528) |  | (20) |
| Other Assets and Liabilities, net (33.5)% |  | (93854) |
| Net Assets 100.0% |  | $280047 |

---

------

<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(g)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/05/2026 | 61100 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | $(62318) | (62318) | (62318) | 61100 | $61100 |
|  | 01/02/2026 | 60900 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | (62036) | (62036) | (62036) | 60900 | 60913 |
| SAL | 01/02/2026 | 10400 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | (10616) | (10616) | (10616) | 10400 | 10402 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  |  |  | $**(134970)** | **(134970)** | **(134970)** | **132400** | $**132415** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% | U.S. Government Agencies (7.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000% | 02/01/2056 | 02/01/2056 | $15100 | 15100 | 15100 | $ | (13361) | $(13348) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 02/01/2056 | 02/01/2056 | 5200 | 5200 | 5200 |  | (4791) | (4791) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 02/01/2056 | 02/01/2056 | 3900 | 3900 | 3900 |  | (3702) | (3697) |
| **Total Short Sales (7.8)%** | **Total Short Sales (7.8)%** | **Total Short Sales (7.8)%** | **Total Short Sales (7.8)%** | **Total Short Sales (7.8)%** | **Total Short Sales (7.8)%** |  |  |  |  |  |  | **$** | **(21854)** | $**(21836)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(5) at a weighted average interest rate of 4.300%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 9 | 9 | 9 | (1) | (1) | (1) | (1) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 5 | 5 | 5 | (1) | (1) | (1) | (2) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 01/23/2026 | 01/23/2026 | 14 | 14 | 14 | (3) | (3) | (3) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(5)** | **(5)** | **(5)** | **(4)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 1142 | 1142 | $238437 | 238437 | 238437 | 238437 | $(12) | (12) | (12) | $ | 0 | 0 | (80) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 395 | 395 | 43175 | 43175 | 43175 | 43175 | (5) | (5) | (5) |  | 0 | 0 | (45) |

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------

<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 29 |  | 3261 | 3261 | (6) | (6) | (6) | (6) | 0 | 0 | 0 | (6) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (23) | (23) | (23) | $ | 0 | 0 | $ | (131) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 220 | $ | (25303) | (25303) | $91 | 91 | 91 | 91 | 41 | 41 | 41 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **68** | **68** | **68** | **$** | **41** | **41** | **$** | **(131)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000% | Quarterly | 06/20/2026 | 06/20/2026 | 0.252 | 0.252 | 0.252 | % | $100 | 100 | 1 | $ | (1) | $ | 0 | 0 | 0 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 | 0.226 |  | 750 | 750 | 3 |  | 0 |  | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 4 | $ | (1) | $ | 3 | 3 | 3 | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 5.000% | Annual | Annual | 07/10/2026 | 07/10/2026 | $ | 19000 | 19000 | $355 | 355 | (148) | (148) | $207 | 207 | 207 | $0 | 0 | $0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.150 | Annual | Annual | 06/15/2027 | 06/15/2027 |  | 6100 | 6100 | (187) | (187) | 13 | 13 | (174) | (174) | (174) | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | Annual | 03/04/2030 | 03/04/2030 |  | 500 | 500 | (1) | (1) | (5) | (5) | (6) | (6) | (6) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 1690 | 1690 | (30) | (30) | 21 | 21 | (9) | (9) | (9) | 3 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 500 | 500 | (10) | (10) | 6 | 6 | (4) | (4) | (4) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 300 | 300 | (7) | (7) | 4 | 4 | (3) | (3) | (3) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 300 | 300 | (7) | (7) | 4 | 4 | (3) | (3) | (3) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 1200 | 1200 | (28) | (28) | 16 | 16 | (12) | (12) | (12) | 2 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 500 | 500 | (12) | (12) | 7 | 7 | (5) | (5) | (5) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 1100 | 1100 | (28) | (28) | 15 | 15 | (13) | (13) | (13) | 2 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 800 | 800 | (21) | (21) | 11 | 11 | (10) | (10) | (10) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 400 | 400 | (10) | (10) | 5 | 5 | (5) | (5) | (5) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 05/15/2032 | 05/15/2032 |  | 11600 | 11600 | (2) | (2) | (114) | (114) | (116) | (116) | (116) | 21 | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | Annual | 12/21/2032 | 12/21/2032 |  | 4380 | 4380 | 408 | 408 | 28 | 28 | 436 | 436 | 436 | 9 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.885 | Annual | Annual | 07/12/2034 | 07/12/2034 |  | 100 | 100 | (5) | (5) | 4 | 4 | (1) | (1) | (1) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | Annual | 08/05/2034 | 08/05/2034 |  | 100 | 100 | (4) | (4) | 3 | 3 | (1) | (1) | (1) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.795 | Annual | Annual | 08/06/2034 | 08/06/2034 |  | 100 | 100 | (4) | (4) | 3 | 3 | (1) | (1) | (1) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | Annual | 08/20/2034 | 08/20/2034 |  | 70 | 70 | (1) | (1) | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 100 | 100 | (2) | (2) | 3 | 3 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 100 | 100 | (2) | (2) | 3 | 3 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | Annual | 09/04/2034 | 09/04/2034 |  | 100 | 100 | (2) | (2) | 4 | 4 | 2 | 2 | 2 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | Annual | 09/05/2034 | 09/05/2034 |  | 100 | 100 | (1) | (1) | 3 | 3 | 2 | 2 | 2 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | Annual | 09/10/2034 | 09/10/2034 |  | 50 | 50 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | Annual | 09/16/2034 | 100 | 100 | 1 | 1 |  | 3 | 3 |  | 4 | 4 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | Annual | 09/16/2034 | 100 | 100 | 0 | 0 |  | 4 | 4 |  | 4 | 4 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | Annual | 09/18/2034 | 200 | 200 | 2 | 2 |  | 6 | 6 |  | 8 | 8 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | Annual | 09/18/2034 | 100 | 100 | 1 | 1 |  | 3 | 3 |  | 4 | 4 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | Annual | 02/26/2035 | 50 | 50 | 0 | 0 |  | (1) | (1) |  | (1) | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | Annual | 03/05/2035 | 100 | 100 | 0 | 0 |  | (1) | (1) |  | (1) | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | Annual | 03/05/2035 | 200 | 200 | (1) | (1) |  | 0 | 0 |  | (1) | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | Annual | 03/11/2035 | 200 | 200 | (1) | (1) |  | (1) | (1) |  | (2) | (2) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | Annual | 03/12/2035 | 200 | 200 | (1) | (1) |  | (1) | (1) |  | (2) | (2) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | Annual | 03/21/2035 | 300 | 300 | (1) | (1) |  | (4) | (4) |  | (5) | (5) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | Annual | 03/24/2035 | 200 | 200 | (1) | (1) |  | (1) | (1) |  | (2) | (2) |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | Annual | 03/25/2035 | 100 | 100 | 0 | 0 |  | (1) | (1) |  | (1) | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2035 | 5000 | 5000 | 107 | 107 |  | 128 | 128 |  | 235 | 235 |  | 12 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | Annual | 09/17/2035 | 100 | 100 | 0 | 0 |  | 2 | 2 |  | 2 | 2 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2035 | 225 | 225 | (1) | (1) |  | 2 | 2 |  | 1 | 1 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2045 | 175 | 175 | 6 | 6 |  | 4 | 4 |  | 10 | 10 |  | 1 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | 510 | 510 | $32 | 32 | 32 | $542 | 542 | 542 | $60 | 60 | $(3) | (3) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **514** | **514** | $**31** | **31** | **31** | $**545** | **545** | **545** | $**60** | **60** | $**(3)** | **(3)** |
| **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $3,269 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Cost | Market<br>Value | Market<br>Value |
| DUB | DUB | DUB | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757% | 3.757% | 09/18/2026 | 09/18/2026 | 09/18/2026 | 18700 | 18700 | 18700 | $15 | 15 | 15 | 10 | 10 |
| MYC | MYC | MYC | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 09/18/2026 | 16100 | 16100 | 16100 | 13 | 13 | 13 | 8 | 8 |
| NGF | NGF | NGF | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 09/18/2026 | 100 | 100 | 100 | 0 | 0 | 0 | 0 | 0 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**28** | **28** | **28** | **18** | **18** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BPS | BPS | BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.551% | 3.551% | 01/05/2026 | 01/05/2026 | 01/05/2026 | 100 | 100 | 100 | $0 | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.831 | 3.831 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 100 | 100 | 100 | 0 | 0 | 0 | 0 | 0 |
| FAR | FAR | FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 01/05/2026 | 300 | 300 | 300 | (1) | (1) | (1) | 0 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Fund II (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.860 | 01/05/2026 | 01/05/2026 | 300 | 300 | (1) | (1) | 0 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.578 | 01/12/2026 | 01/12/2026 | 200 | 200 | 0 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.878 | 01/12/2026 | 01/12/2026 | 200 | 200 | 0 | 0 | 0 |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 01/08/2026 | 01/08/2026 | 300 | 300 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 01/08/2026 | 01/08/2026 | 300 | 300 | (1) | (1) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 200 | 200 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 200 | 200 | 0 | 0 | 0 |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.498 | 01/05/2026 | 01/05/2026 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.798 | 01/05/2026 | 01/05/2026 | 400 | 400 | (1) | (1) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 01/12/2026 | 01/12/2026 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 01/12/2026 | 01/12/2026 | 400 | 400 | (1) | (1) | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(9)** | **(9)** | $**(1)** |
| Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | $9062 | 9062 | $0 | 0 | $9062 | 9062 |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 7601 | 7601 | 0 | 0 | 7601 | 7601 |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 2205 | 2205 | 0 | 0 | 2205 | 2205 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 102975 | 102975 | 0 | 0 | 102975 | 102975 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 46218 | 46218 | 0 | 0 | 46218 | 46218 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 21690 | 21690 | 0 | 0 | 21690 | 21690 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 | 412 | 412 | 0 | 0 | 412 | 412 |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 1264 | 1264 | 0 | 0 | 1264 | 1264 |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 1684 | 1684 | 0 | 0 | 1684 | 1684 |
| Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 | 0 | 1015 | 1015 | 0 | 0 | 1015 | 1015 |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 73 | 73 | 0 | 0 | 73 | 73 |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 2511 | 2511 | 0 | 0 | 2511 | 2511 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 1149 | 1149 | 0 | 0 | 1149 | 1149 |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 575 | 575 | 0 | 0 | 575 | 575 |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 132400 | 132400 | 0 | 0 | 132400 | 132400 |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 4589 | 4589 | 0 | 0 | 4589 | 4589 |
|  |  |  |  | $0 | 0 | 0 | $335423 | 335423 | $0 | 0 | $335423 | 335423 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $38498 | 38498 | 38498 | $0 | 0 | $0 | 0 | $38498 | 38498 |
| Total Investments | Total Investments | Total Investments | Total Investments | $38498 | 38498 | 38498 | $335423 | 335423 | $0 | 0 | $373921 | 373921 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | $(21836) | (21836) | $0 | 0 | $(21836) | (21836) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 101 | 101 | 0 | 0 | 101 | 101 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 18 | 18 | 0 | 0 | 18 | 18 |
|  |  |  |  | $0 | 0 | 0 | $119 | 119 | $0 | 0 | $119 | 119 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | (138) | (138) | 0 | 0 | (138) | (138) |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (1) | (1) | 0 | 0 | (1) | (1) |
|  |  |  |  | $0 | 0 | 0 | $(139) | (139) | $0 | 0 | $(139) | (139) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | $(20) | (20) | $0 | 0 | $(20) | (20) |
| Totals | Totals | Totals | Totals | $38498 | 38498 | 38498 | $313567 | 313567 | $0 | 0 | $352065 | 352065 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO Low Duration Income Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 138.0% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 2.6%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% - 8.066% due 10/21/2026 «~(k) | $2481 | $2481 |
| **Aligned Data Centers International LP**<br>7.223% due 12/18/2029 «~ | 28800 | 29008 |
| **Altice France SA**  |  |  |
| 8.891% - 5.966% (EUR003M + 6.875%) due 05/31/2031 ~ | 381 | 449 |
| 8.891% - 5.966% (TSFR3M + 6.875%) due 05/31/2031 ~ | $17577 | 17595 |
| **Avolon TLB Borrower 1 U.S. LLC**<br>5.484% - 9.485% (TSFR1M + 1.750%) due 06/24/2030 ~ | 2500 | 2518 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/03/2031 ~µ | 4621 | 4702 |
| TBD% due 01/05/2032 «µ | 4621 | 4633 |
| TBD% (TSFR1M + 4.500%) due 01/03/2031 ~ | 20879 | 21244 |
| **Dorchester LLC**<br>4.349% - 9.672% (EUR003M + 2.300%) due 01/04/2027 «~(k) | 6000 | 7051 |
| **Envalior Finance GmbH**  |  |  |
| 7.566% (EUR003M + 5.500%) due 03/29/2030 ~ | 9100 | 10467 |
| 9.340% (TSFR3M + 5.500%) due 04/01/2030 ~ | $16246 | 15179 |
| **Envision Healthcare Corp.**  |  |  |
| 11.862% (TSFR3M + 7.875%) due 07/20/2026 «~ | 9595 | 9595 |
| 11.862% (TSFR3M + 7.875%) due 11/03/2028 «~ | 37021 | 38131 |
| **Finastra USA, Inc.**<br>10.973% (TSFR3M + 7.250%) due 09/13/2029 ~ | 669 | 674 |
| **iHeartCommunications, Inc.**<br>9.606% (TSFR1M + 5.775%) due 05/01/2029 ~ | 2654 | 2437 |
| **Lealand Finance Co. BV**<br>6.831% - 7.566% (TSFR1M + 3.000%) due 06/30/2027 «~ | 156 | 131 |
| **Lealand Finance Co. BV (7.830% Cash)**<br>7.831% (TSFR1M + 4.000%) due 12/31/2027 ~ | 679 | 531 |
| **Mercury Aggregator LP (19.000% PIK)**<br>19.000% due 04/03/2026 «~(c) | 3277 | 172 |
| **OCS Group Holdings Ltd.**<br>9.719% due 11/28/2031 ~ | 2700 | 3647 |
| **Panama Government International Bonds**<br>4.546% - 9.606% (EUR006M + 2.450%) due 04/01/2027 «~ | 27900 | 33115 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(k) | $3800 | 3800 |
| **Poseidon Bidco SASU**<br>7.018% - 7.322% (EUR003M + 5.000%) due 03/13/2030 ~ | 16300 | 6923 |
| **Project Alpha Investindustrial**<br>4.150% - 9.695% (EUR003M + 2.100%) due 02/27/2026 «~(k) | 2174 | 2554 |
| **Project Flash**  |  |  |
| TBD% - 9.912% (TSFR1M + 2.500%) due 01/09/2028 «~µ | $6590 | 6538 |
| TBD% - 9.966% (TSFR1M + 2.250%) due 04/30/2030 «~µ | 97000 | 97000 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 5000 | 5045 |
| **Project Nova**<br>7.080% - 7.284% due 08/31/2026 «~ | 3100 | 3100 |
| **Softbank Vision Fund II**<br>7.322% (TSFR3M + 3.650%) due 04/25/2029 «~ | 24566 | 24676 |
| **Subcalidora 2**<br>7.769% (EUR003M + 5.750%) due 08/14/2029 «~ | 7900 | 9331 |
| **Syniverse Holdings, Inc.**<br>10.672% (TSFR3M + 7.000%) due 05/13/2027 ~ | $6589 | 6381 |
| **TransDigm, Inc.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 02/28/2031 ~ | 60742 | 61038 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.100% - 9.488% (EUR003M + 3.000%) due 12/15/2028 «~ | 8000 | 9451 |
| **U.S. Renal Care, Inc.**<br>8.831% (TSFR1M + 5.000%) due 06/28/2028 ~ | $2068 | 1953 |
| **Westmoreland Coal Co.**<br>8.000% due 03/15/2029 «~ | 84 | 36 |
| Total Loan Participations and Assignments (Cost $445,646) |  | 441586 |
| **CORPORATE BONDS & NOTES 12.0%**  |  |  |
| **BANKING & FINANCE 5.2%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 700 | 723 |
| **Alamo Re Ltd.**  |  |  |
| 12.014% (FHMMUSTF + 8.434%) due 06/07/2027 ~  | 3000 | 3193 |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 15.460% (FHMMUSTF + 11.880%) due 06/08/2026 ~  | 3200 | 3342 |
| **Armor RE II Ltd.**  |  |  |
| 12.110% (BRMMUSDF + 8.500%) due 01/07/2032 ~  | 250 | 264 |
| 13.810% (BRMMUSDF + 10.200%) due 05/07/2031 ~  | 1200 | 1291 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 2735 | 2654 |
| **Banca Monte dei Paschi di Siena SpA** <br>1.875% due 01/09/2026 | 26441 | 31074 |
| **Banco Santander SA**  |  |  |
| 5.552% due 03/14/2028 •  | $16000 | 16276 |
| 5.565% due 01/17/2030  | 12400 | 12923 |
| 6.527% due 11/07/2027 •  | 9200 | 9393 |
| 6.607% due 11/07/2028  | 7200 | 7688 |
| **Bank of Nova Scotia** <br>4.740% (SOFRRATE + 1.000%) due 09/08/2028 ~ | 4100 | 4122 |
| **Barclays PLC**  |  |  |
| 4.476% due 11/11/2029 •  | 8600 | 8649 |
| 4.837% due 09/10/2028 •  | 5300 | 5366 |
| 5.215% (SOFRRATE + 1.490%) due 03/12/2028 ~  | 4500 | 4547 |
| 5.674% due 03/12/2028 •  | 1900 | 1934 |
| 6.496% due 09/13/2027 •  | 18300 | 18589 |
| **Bayou Re Ltd.**  |  |  |
| 11.962% (BNMMDTSC + 8.332%) due 04/30/2031 ~  | 500 | 530 |
| 22.130% (BNMMDTSC + 18.500%) due 04/30/2031 ~  | 600 | 666 |
| **Blue Ridge Re Ltd.** <br>7.080% (FHMMUSTF + 3.500%) due 01/08/2029 ~ | 450 | 450 |
| **BNP Paribas SA** <br>5.497% due 05/20/2030 •  | 1900 | 1967 |
| **Bonanza RE Ltd.**  |  |  |
| 3.542% (T-BILL 3MO + 0.000%) due 01/08/2027 ~  | 900 | 756 |
| 3.620% (MSMMUSTF + 0.000%) due 01/08/2026 ~  | 250 | 250 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 26300 | 26804 |
| **Brown & Brown, Inc.** <br>4.700% due 06/23/2028 | 1400 | 1417 |
| **CaixaBank SA** <br>6.684% due 09/13/2027 •  | 12400 | 12618 |
| **Cape Lookout Re Ltd.**  |  |  |
| 10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~  | 3700 | 3922 |
| 12.287% (GSMMUSTF + 8.702%) due 04/05/2027 ~  | 600 | 622 |
| **Charles River Re Ltd.** <br>11.262% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 250 | 262 |
| **Citadel Securities Global Holdings LLC** <br>5.500% due 06/18/2030 | 3500 | 3594 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 6420 | 5888 |
| **Country Garden Holdings Co. Ltd. (1.000% Cash or 2.500% PIK)** <br>1.000% due 12/31/2032 «(c) | 1754 | 105 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>10.100% due 12/15/2043 | 2500 | 809 |
| **Credit Agricole SA**  |  |  |
| 4.631% due 09/11/2028 •  | $3200 | 3226 |
| 4.938% (SOFRRATE + 1.210%) due 09/11/2028 ~  | 6200 | 6234 |
| **Credit Suisse AG AT1 Claim** | 37150 | 10958 |
| **Danske Bank AS** <br>5.427% due 03/01/2028 •  | 4500 | 4571 |
| **Deutsche Bank AG**  |  |  |
| 3.547% due 09/18/2031 •  | 1332 | 1272 |
| 6.720% due 01/18/2029 •  | 1568 | 1642 |
| 7.146% due 07/13/2027 •  | 3500 | 3554 |
| **East Lane Re VII Ltd.**  |  |  |
| 12.042% (T-BILL 3MO + 8.500%) due 03/31/2032 ~  | 1500 | 1500 |
| 12.550% (JMMMUSTF + 8.890%) due 03/31/2026 ~  | 2800 | 2852 |
| **EPR Properties**  |  |  |
| 4.750% due 12/15/2026  | 627 | 629 |
| 4.950% due 04/15/2028  | 316 | 319 |
| **Equitable America Global Funding** <br>4.650% due 06/09/2028 | 6100 | 6166 |
| **Equitable Financial Life Global Funding** <br>4.875% due 11/19/2027 | 10000 | 10168 |
| **Everglades Re II Ltd.**  |  |  |
| 14.121% (GSMMUSTI + 10.500%) due 05/13/2031 ~  | 2660 | 2804 |
| 15.121% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 2660 | 2805 |
| 16.371% (GSMMUSTI + 12.750%) due 05/13/2031 ~  | 2660 | 2824 |
| **F&G Global Funding**  |  |  |
| 2.000% due 09/20/2028  | 2800 | 2626 |
| 5.875% due 06/10/2027  | 4900 | 5006 |
| **Ford Credit Canada Co.** <br>7.000% due 02/10/2026 | 9800 | 7168 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | $12400 | 12283 |
| 2.900% due 02/16/2028  | 2200 | 2119 |
| 2.900% due 02/10/2029  | 200 | 188 |
| 3.815% due 11/02/2027  | 6404 | 6309 |
| 4.542% due 08/01/2026  | 1300 | 1299 |
| 4.950% due 05/28/2027  | 12205 | 12257 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.113% due 05/03/2029  | 500 | 501 |
| 5.125% due 11/05/2026  | 7400 | 7442 |
| 5.284% (SOFRRATE + 1.450%) due 11/05/2026 ~  | 11000 | 11041 |
| 5.303% due 09/06/2029  | 900 | 907 |
| 5.800% due 03/05/2027  | 22200 | 22486 |
| 5.850% due 05/17/2027  | 2000 | 2032 |
| 5.918% due 03/20/2028  | 900 | 921 |
| 6.798% due 11/07/2028  | 2110 | 2214 |
| 6.950% due 03/06/2026  | 500 | 501 |
| 6.950% due 06/10/2026  | 900 | 908 |
| 7.350% due 11/04/2027  | 14070 | 14696 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 4.000% due 01/15/2031  | 1000 | 961 |
| 5.300% due 01/15/2029  | 902 | 918 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 3350 | 3353 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 1000 | 1040 |
| **Handshake Re Ltd.** <br>4.160% (JMMMUSTF + 4.500%) due 01/08/2030 ~ | 400 | 400 |
| **Hardwood Funding LLC**  |  |  |
| 4.840% due 06/07/2028 «(k)  | 3100 | 3134 |
| 4.980% due 06/07/2030 «(k)  | 2000 | 2034 |
| **Hestia Re Ltd.**  |  |  |
| 10.380% (BNMMDTSC + 6.750%) due 03/13/2032 ~  | 400 | 413 |
| 11.880% (BNMMDTSC + 8.250%) due 03/13/2032 ~  | 400 | 416 |
| **Hexagon IV RE Ltd.** <br>10.432% (EUR003M + 8.428%) due 01/07/2031 ~ | 1962 | 2401 |
| **HSBC Holdings PLC**  |  |  |
| 4.041% due 03/13/2028 •  | $3070 | 3067 |
| 4.583% due 06/19/2029 •  | 1000 | 1010 |
| 5.887% due 08/14/2027 •  | 13700 | 13847 |
| **Integrity RE III Ltd.**  |  |  |
| 15.792% (T-BILL 1MO + 12.250%) due 06/06/2028 ~  | 400 | 422 |
| 29.042% (T-BILL 1MO + 25.500%) due 06/06/2027 ~  | 400 | 461 |
| **Integrity Re Ltd.**  |  |  |
| 20.814% (FHMMUSTF + 17.234%) due 06/08/2026 ~  | 1100 | 1179 |
| 26.376% (FHMMUSTF + 22.796%) due 06/08/2026 ~  | 500 | 548 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | 4200 | 4799 |
| **Jackson National Life Global Funding** <br>5.550% due 07/02/2027 | 8800 | 8988 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.509% due 01/23/2029 •  | 900 | 892 |
| 4.005% due 04/23/2029 •  | 1763 | 1762 |
| 4.323% due 04/26/2028 •  | 600 | 603 |
| **KAF Kaerntner Ausgleichszahlungs-Fonds** <br>0.000% due 04/03/2049 « | 8781 | 748 |
| **Kizuna RE III Pte. Ltd.** <br>6.292% (T-BILL 3MO + 2.750%) due 04/09/2029 ~ | $600 | 614 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 2200 | 2595 |
| **Lehman Brothers Holdings, Inc.**  |  |  |
| 0.000% due 04/05/2049 ^(d)  | 1816 | 8 |
| 0.000% due 05/27/2049 ^(d)  | $900 | 0 |
| **Lineage OP LP** <br>5.250% due 07/15/2030 | 1600 | 1616 |
| **Lloyds Banking Group PLC** <br>5.462% due 01/05/2028 •  | 11000 | 11150 |
| **Longleaf Pine Re Ltd.** <br>21.553% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 1700 | 1869 |
| **LPL Holdings, Inc.**  |  |  |
| 4.000% due 03/15/2029  | 5000 | 4919 |
| 4.900% due 04/03/2028  | 5700 | 5785 |
| 5.200% due 03/15/2030  | 10400 | 10648 |
| **Luca RE Ltd.** <br>10.910% (JMMMUSTF + 7.250%) due 07/22/2031 ~ | 2000 | 2067 |
| **MMIFS Re Ltd.** <br>5.208% (CAONINDX + 2.900%) due 01/10/2033 ~ | 700 | 511 |
| **Morgan Stanley** <br>5.123% due 02/01/2029 •  | $1100 | 1123 |
| **Morgan Stanley Bank NA** <br>4.886% (SOFRRATE + 0.940%) due 07/14/2028 ~ | 41400 | 41621 |
| **Nationwide Building Society**  |  |  |
| 3.960% due 07/18/2030 •  | 2390 | 2358 |
| 4.302% due 03/08/2029 •  | 3900 | 3908 |
| 6.557% due 10/18/2027 •  | 17800 | 18139 |
| **Nature Coast Re Ltd.** <br>13.621% (GSMMUSTI + 10.000%) due 12/07/2030 ~ | 2066 | 2130 |
| **NatWest Group PLC**  |  |  |
| 4.445% due 05/08/2030 •  | 7400 | 7432 |
| 5.034% (SOFRRATE + 1.250%) due 03/01/2028 ~  | 7000 | 7048 |
| 5.076% due 01/27/2030 •  | 6400 | 6544 |
| 5.120% (SOFRRATE + 1.300%) due 11/15/2028 ~  | 16100 | 16254 |
| 5.583% due 03/01/2028 •  | 12200 | 12421 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NatWest Markets PLC**  |  |  |
| 4.675% (SOFRRATE + 0.950%) due 03/21/2028 ~  | 12300 | 12375 |
| 4.789% due 03/21/2028  | 9400 | 9561 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 2.000% due 03/09/2026  | 2000 | 1992 |
| 2.450% due 09/15/2028  | 900 | 837 |
| 5.300% due 09/13/2027  | 2200 | 2205 |
| 5.625% due 09/29/2028  | 31300 | 31408 |
| **Nomura Holdings, Inc.**  |  |  |
| 4.904% due 07/01/2030  | 4700 | 4772 |
| 5.035% (SOFRRATE + 1.250%) due 07/02/2027 ~  | 8400 | 8468 |
| **Norinchukin Bank** <br>5.094% due 10/16/2029 | 3240 | 3304 |
| **Northwestern Mutual Global Funding** <br>5.160% due 05/28/2031 | 1100 | 1144 |
| **Omega Healthcare Investors, Inc.** <br>5.200% due 07/01/2030 | 11300 | 11504 |
| **Orange Capital RE DAC** <br>9.836% (EUR003M + 8.330%) due 01/08/2027 ~ | 1800 | 2174 |
| **Palm RE Ltd.** <br>11.380% (BNMMDTSC + 7.750%) due 06/07/2032 ~ | $1000 | 1046 |
| **Polestar Re Ltd.**  |  |  |
| 10.542% (T-BILL 3MO + 7.000%) due 01/08/2029 ~  | 400 | 400 |
| 12.542% (T-BILL 3MO + 9.000%) due 01/08/2029 ~  | 400 | 400 |
| 14.110% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 1500 | 1578 |
| 16.860% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 4900 | 5113 |
| **Purple Re Ltd.** <br>12.786% (JMMMUSTF + 9.126%) due 06/06/2031 ~ | 1800 | 1896 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 1400 | 1645 |
| **Quercus Re DAC** <br>10.050% (EUR003M + 8.000%) due 01/06/2031 ~ | 300 | 361 |
| **Royal Bank of Canada** <br>4.510% due 10/18/2027 •  | $9700 | 9740 |
| **Sabine Re Ltd.** <br>12.150% (BNMMDTSC + 8.520%) due 04/07/2031 ~ | 600 | 628 |
| **Sammons Financial Group Global Funding** <br>5.050% due 01/10/2028 | 3700 | 3761 |
| **Santander Holdings USA, Inc.**  |  |  |
| 5.335% (SOFRRATE + 1.610%) due 03/20/2029 ~  | 6900 | 6970 |
| 5.473% due 03/20/2029 •  | 7500 | 7666 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.469% due 01/11/2028 •  | 2200 | 2163 |
| 3.823% due 11/03/2028 •  | 1700 | 1689 |
| 4.320% due 09/22/2029 •  | 11300 | 11312 |
| **SBA Tower Trust**  |  |  |
| 1.840% due 04/15/2027  | 8500 | 8237 |
| 4.831% due 10/15/2029  | 10700 | 10777 |
| **Societe Generale SA** <br>6.447% due 01/12/2027 •  | 29000 | 29016 |
| **Stellantis Financial Services U.S. Corp.** <br>4.950% due 09/15/2028 | 7700 | 7808 |
| **Synchrony Financial** <br>3.950% due 12/01/2027 | 5000 | 4981 |
| **Taranis Reinsurance DAC**  |  |  |
| 8.320% (EUR003M + 6.310%) due 01/07/2031 ~  | 1200 | 1420 |
| 11.000% (EUR003M + 8.990%) due 01/08/2031 ~  | 1700 | 2101 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.696% (JMMMUSTF + 6.036%) due 06/07/2032 ~  | $1300 | 1361 |
| 10.766% (JMMMUSTF + 7.106%) due 06/07/2032 ~  | 800 | 835 |
| 12.988% (BRMMUSDF + 9.378%) due 06/05/2031 ~  | 500 | 509 |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | 2500 | 2322 |
| 4.194% due 04/01/2031 •  | 2850 | 2824 |
| 5.428% due 02/08/2030 •  | 4800 | 4966 |
| 5.959% due 01/12/2034 •  | 3605 | 3843 |
| 6.327% due 12/22/2027 •  | 11500 | 11742 |
| **Ursa Re II Ltd.**  |  |  |
| 8.542% (T-BILL 3MO + 5.000%) due 12/07/2029 ~  | 300 | 300 |
| 11.292% (T-BILL 3MO + 7.750%) due 06/07/2028 ~  | 1900 | 1900 |
| **Ursa Re Ltd.**  |  |  |
| 9.130% (BNMMDTSC + 5.500%) due 12/07/2026 ~  | 3600 | 3704 |
| 11.121% (GSMMUSTI + 7.500%) due 02/22/2028 ~  | 1000 | 1020 |
| 12.380% (BNMMDTSC + 8.750%) due 12/07/2026 ~  | 4600 | 4780 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(k) | 20000 | 21485 |
| **Veraison Re Ltd.** <br>8.621% (GSMMUSTI + 5.000%) due 03/08/2033 ~ | 250 | 258 |
| **VICI Properties LP/VICI Note Co., Inc.**  |  |  |
| 3.750% due 02/15/2027  | 8000 | 7951 |
| 3.875% due 02/15/2029  | 3700 | 3633 |
| 4.125% due 08/15/2030  | 7500 | 7276 |
| 4.500% due 09/01/2026  | 4600 | 4605 |
| 4.500% due 01/15/2028  | 3219 | 3228 |
| 5.750% due 02/01/2027  | 200 | 202 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Vitality Re XVI Ltd.**  |  |  |
| 5.370% (MSMMUSTF + 1.750%) due 01/08/2030 ~  | 500 | 501 |
| 7.370% (MSMMUSTF + 3.750%) due 01/08/2030 ~  | 300 | 301 |
| **Voyager Aviation Holdings LLC** <br>8.500% due 05/09/2026 ^«(d) | 3059 | 0 |
| **Wells Fargo & Co.**  |  |  |
| 3.526% due 03/24/2028 •  | 300 | 298 |
| 5.707% due 04/22/2028 •  | 1200 | 1225 |
| **Winston RE Ltd.** <br>15.320% (BNMMDTSC + 11.690%) due 02/26/2031 ~ | 400 | 424 |
|  |  | 883217 |
| **INDUSTRIALS 5.5%**  |  |  |
| **Air Canada Pass-Through Trust**  |  |  |
| 3.300% due 07/15/2031  | 385 | 369 |
| 3.600% due 09/15/2028  | 210 | 208 |
| **Altice France SA**  |  |  |
| 4.750% due 10/15/2030  | 308 | 341 |
| 6.500% due 10/15/2031  | $308 | 293 |
| 6.500% due 04/15/2032  | 629 | 603 |
| 6.875% due 10/15/2030  | 2695 | 2617 |
| 6.875% due 07/15/2032  | 1189 | 1141 |
| 7.250% due 11/01/2029  | 231 | 271 |
| 9.500% due 11/01/2029  | $2156 | 2228 |
| **Altria Group, Inc.** <br>4.500% due 08/06/2030 | 1500 | 1512 |
| **Amdocs Ltd.** <br>2.538% due 06/15/2030 | 3300 | 3033 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | 755 | 692 |
| 3.000% due 04/15/2030  | 172 | 167 |
| 3.200% due 12/15/2029  | 643 | 629 |
| 3.350% due 04/15/2031  | 517 | 502 |
| 3.375% due 11/01/2028  | 13753 | 13585 |
| 3.575% due 07/15/2029  | 858 | 850 |
| 3.600% due 03/22/2029  | 715 | 708 |
| 3.650% due 08/15/2030  | 710 | 698 |
| 3.700% due 04/01/2028  | 483 | 481 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 200 | 200 |
| **Bayer U.S. Finance LLC** <br>6.125% due 11/21/2026 | 1900 | 1928 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 223920 | 236775 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.505% (SOFRINDX + 0.780%) due 03/19/2027 ~  | 5600 | 5623 |
| 4.645% (SOFRINDX + 0.920%) due 03/21/2028 ~  | 14800 | 14875 |
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 7600 | 7586 |
| 5.040% due 05/01/2027  | 6700 | 6771 |
| 6.259% due 05/01/2027  | 27300 | 28022 |
| 6.298% due 05/01/2029  | 3570 | 3791 |
| 6.388% due 05/01/2031  | 4400 | 4777 |
| **British Airways Pass-Through Trust**  |  |  |
| 2.900% due 09/15/2036  | 6070 | 5562 |
| 3.300% due 06/15/2034  | 646 | 611 |
| **Carvana Co.**  |  |  |
| 9.000% due 06/01/2030  | 12844 | 13478 |
| 9.000% due 06/01/2031  | 19453 | 21964 |
| **CDW LLC/CDW Finance Corp.**  |  |  |
| 2.670% due 12/01/2026  | 15100 | 14905 |
| 4.250% due 04/01/2028  | 15000 | 14967 |
| **Centene Corp.**  |  |  |
| 3.375% due 02/15/2030  | 1100 | 1014 |
| 4.625% due 12/15/2029  | 51471 | 49960 |
| **CLN Magnetto Group** <br>7.800% due 10/25/2031 « | 9000 | 9049 |
| **CommonSpirit Health** <br>4.352% due 09/01/2030 | 8800 | 8766 |
| **Conagra Brands, Inc.** <br>5.000% due 08/01/2030 | 3500 | 3544 |
| **CVS Pass-Through Trust** <br>7.507% due 01/10/2032 | 47 | 50 |
| **Delta Air Lines Pass-Through Trust** <br>2.000% due 12/10/2029 | 403 | 385 |
| **Discovery Communications LLC** <br>3.950% due 03/20/2028 | 8200 | 8061 |
| **DISH DBS Corp.**  |  |  |
| 5.250% due 12/01/2026  | 21040 | 20419 |
| 5.750% due 12/01/2028  | 14310 | 14058 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 7100 | 8304 |
| **Gazprom PJSC Via Gaz Capital SA**  |  |  |
| 2.500% due 03/21/2026  | 16200 | 17896 |
| 8.625% due 04/28/2034  | $300 | 247 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Global Payments, Inc.** <br>4.500% due 11/15/2028 | 8200 | 8217 |
| **Greene King Finance PLC**  |  |  |
| 4.064% due 03/15/2035  | 1883 | 2412 |
| 5.106% due 03/15/2034  | 3512 | 4716 |
| **HCA, Inc.** <br>4.300% due 11/15/2030 | $3300 | 3288 |
| **Hyatt Hotels Corp.** <br>5.050% due 03/30/2028 | 2600 | 2649 |
| **Imperial Brands Finance Netherlands BV** <br>5.250% due 02/15/2031 | 4165 | 5284 |
| **Imperial Brands Finance PLC**  |  |  |
| 3.500% due 07/26/2026  | $4747 | 4727 |
| 4.500% due 06/30/2028  | 5800 | 5848 |
| **JetBlue Pass-Through Trust** <br>4.000% due 05/15/2034 | 2288 | 2183 |
| **Mitchells & Butlers Finance PLC**  |  |  |
| 4.435% (US0003M + 0.450%) due 12/15/2030 ~  | 2585 | 2495 |
| 6.013% due 12/15/2030  | 173 | 236 |
| **MPLX LP** <br>4.800% due 02/15/2031 | $9000 | 9108 |
| **National Football League**  |  |  |
| 4.780% due 10/05/2030 «(k)  | 10600 | 10780 |
| 5.480% due 10/05/2028 «(k)  | 18600 | 19027 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 3.201% due 09/17/2028  | 7000 | 8104 |
| 4.345% due 09/17/2027  | $32870 | 32448 |
| 4.810% due 09/17/2030  | 5600 | 5283 |
| 7.750% due 07/17/2032  | 10675 | 11349 |
| **NPC Ukrenergo** <br>6.875% due 11/09/2028 | 800 | 688 |
| **Occidental Petroleum Corp.** <br>5.200% due 08/01/2029 | 17800 | 18254 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(d)  | 3300 | 774 |
| 5.500% due 04/12/2037 ^(d)  | 4350 | 1018 |
| 6.000% due 11/15/2026 ^(d)  | 3434 | 824 |
| 9.000% due 04/03/2049 ^(d)  | 100 | 26 |
| 9.750% due 05/17/2035 ^(d)  | 840 | 218 |
| **Petroleos Mexicanos**  |  |  |
| 6.700% due 02/16/2032  | 25103 | 25052 |
| 6.950% due 01/28/2060  | 3028 | 2467 |
| **Prime Property Fund LLC** <br>5.250% due 09/30/2029 «(k) | 12400 | 12451 |
| **Prosus NV** <br>1.288% due 07/13/2029 | 5000 | 5498 |
| **Repsol E&P Capital Markets U.S. LLC**  |  |  |
| 4.805% due 09/16/2028  | $3100 | 3130 |
| 5.204% due 09/16/2030  | 10000 | 10146 |
| **Rolls-Royce PLC**  |  |  |
| 4.625% due 02/16/2026  | 889 | 1048 |
| 5.750% due 10/15/2027  | $14288 | 14657 |
| 5.750% due 10/15/2027  | 2079 | 2865 |
| **Saudi Arabian Oil Co.** <br>4.750% due 06/02/2030 | $13000 | 13183 |
| **Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC** <br>5.152% due 09/20/2029 | 1434 | 1447 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 350 | 544 |
| **Times Square Hotel Trust** <br>8.528% due 08/01/2026 | $26 | 26 |
| **Topaz Solar Farms LLC**  |  |  |
| 4.875% due 09/30/2039  | 386 | 346 |
| 5.750% due 09/30/2039  | 3099 | 3120 |
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 187 | 160 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 1024 | 942 |
| 5.875% due 04/15/2029  | 13364 | 13713 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 160 | 167 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 1800 | 1689 |
| 3.875% due 11/01/2033  | 2000 | 1716 |
| **Venture Global LNG, Inc.**  |  |  |
| 8.125% due 06/01/2028  | 23500 | 23816 |
| 8.375% due 06/01/2031  | 7000 | 6965 |
| 9.500% due 02/01/2029  | 10300 | 10682 |
| 9.875% due 02/01/2032  | 21800 | 22535 |
| **Venture Global Plaquemines LNG LLC** <br>6.500% due 01/15/2034 | 9030 | 9253 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 4.750% due 11/13/2028  | 3400 | 3436 |
| 5.050% due 03/27/2028  | 7800 | 7923 |
| 5.250% due 03/22/2029  | 14100 | 14420 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Warnermedia Holdings, Inc.** <br>3.755% due 03/15/2027 | 20277 | 20178 |
| **Yellowstone Energy LP** <br>5.750% due 12/31/2026 | 576 | 569 |
|  |  | 948616 |
| **UTILITIES 1.3%**  |  |  |
| **Edison International** <br>6.250% due 03/15/2030 | 3000 | 3139 |
| **Emera U.S. Finance LP** <br>2.639% due 06/15/2031 | 1800 | 1630 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 326 | 323 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 29695 | 28806 |
| 2.500% due 02/01/2031  | 200 | 180 |
| 3.150% due 01/01/2026  | 25470 | 25470 |
| 3.250% due 06/01/2031  | 28900 | 26937 |
| 3.300% due 03/15/2027  | 1510 | 1494 |
| 3.300% due 12/01/2027  | 20076 | 19780 |
| 3.750% due 07/01/2028  | 5599 | 5532 |
| 4.550% due 07/01/2030  | 11197 | 11154 |
| 4.650% due 08/01/2028  | 800 | 806 |
| 5.000% due 06/04/2028  | 27000 | 27488 |
| 5.450% due 06/15/2027  | 30454 | 30980 |
| 5.900% due 06/15/2032  | 1580 | 1658 |
| **Rio Oil Finance Trust**  |  |  |
| 8.200% due 04/06/2028  | 6852 | 7101 |
| 9.750% due 01/06/2027  | 1717 | 1771 |
| **Southern California Edison Co.**  |  |  |
| 2.250% due 06/01/2030  | 700 | 636 |
| 5.250% due 03/15/2030  | 12100 | 12416 |
| **Southern Gas Corridor CJSC** <br>6.875% due 03/24/2026 | 1900 | 1916 |
| **Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC** <br>6.500% due 02/15/2029 | 14653 | 14087 |
|  |  | 223304 |
| Total Corporate Bonds & Notes (Cost $2,008,365) |  | 2055137 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **CIFI Holdings Group Co. Ltd.** <br>0.000% due 06/30/2029 «(g)(k) | 1483 | 107 |
| **Country Garden Holdings Co. Ltd.** <br>0.000% due 12/31/2031 « | 3561 | 463 |
| Total Convertible Bonds & Notes (Cost $571) |  | 570 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **ILLINOIS 0.0%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010** <br>7.350% due 07/01/2035 | 14 | 15 |
| Total Municipal Bonds & Notes (Cost $15) |  | 15 |
| **U.S. GOVERNMENT AGENCIES 64.6%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 10/01/2040 - 02/01/2051 | 218702 | 187469 |
| 3.000% due 02/01/2052 - 12/01/2052 | 26169 | 23194 |
| 3.500% due 11/01/2046 - 11/01/2047 | 558 | 530 |
| 4.000% due 08/01/2042 - 09/01/2050 | 11299 | 10997 |
| 4.500% due 02/01/2048 - 07/01/2053 | 11055 | 10849 |
| 5.000% due 08/01/2052 - 01/01/2055 | 95831 | 95868 |
| 5.500% due 02/01/2053 - 05/01/2054 | 98047 | 99714 |
| 6.000% due 01/01/2029 - 07/01/2054 | 22662 | 23283 |
| 6.500% due 09/01/2053 - 04/01/2055 | 49969 | 51963 |
| 7.000% due 04/01/2055 - 08/01/2055 | 35838 | 37718 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 0.601% due 01/25/2031 ~(a) | 109844 | 1274 |
| 3.919% due 10/25/2046 ~ | 442 | 439 |
| 6.627% due 12/25/2047 ~ | 147 | 147 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 09/01/2040 - 02/01/2051 | 173079 | 149773 |
| 3.000% due 03/01/2030 - 06/01/2052 | 41833 | 38883 |
| 3.500% due 08/01/2047 - 03/01/2050 | 20094 | 18863 |
| 4.000% due 06/01/2038 - 07/01/2051 | 40057 | 38728 |
| 4.500% due 12/01/2047 - 08/01/2053 | 11734 | 11517 |
| 5.000% due 08/01/2052 - 12/01/2054 | 79548 | 79724 |
| 5.500% due 01/01/2053 - 07/01/2053 | 29820 | 30344 |
| 6.000% due 12/01/2052 - 07/01/2054 | 80997 | 83487 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.411% due 09/01/2037 •  | 1332 | 1348 |
| 6.500% due 02/01/2026 - 03/01/2055 | 246226 | 256004 |
| 7.000% due 03/01/2045 - 05/01/2055 | 78731 | 82864 |
| **Federal National Mortgage Association REMICS**<br>6.000% due 04/25/2043 | 3 | 3 |
| **Federal National Mortgage Association Trust**<br>4.536% due 09/25/2042 •  | 3 | 3 |
| **First Foundation Bank Multifamily Housing Mortgage Loan Trust**<br>2.749% due 06/25/2054 ~ | 8200 | 7997 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 01/20/2052 - 03/20/2052 | 10072 | 9068 |
| 3.500% due 12/20/2051 - 07/20/2055 | 85112 | 77775 |
| 4.625% due 12/20/2045 •  | 438 | 449 |
| 5.000% due 01/20/2049 | 7 | 7 |
| 5.375% due 07/20/2045 - 09/20/2045 •  | 841 | 861 |
| **Government National Mortgage Association REMICS**<br>4.864% due 10/20/2066 •  | 355 | 356 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 01/01/2056 - 02/01/2056 | 18900 | 16303 |
| 3.000% due 01/01/2056 - 02/01/2056 | 54000 | 48515 |
| 3.500% due 02/01/2056 | 17300 | 15744 |
| 4.000% due 01/01/2056 - 02/01/2056 | 47600 | 44969 |
| 4.500% due 02/01/2056 | 197900 | 192651 |
| 5.000% due 02/01/2056 | 78400 | 78135 |
| 5.500% due 01/01/2056 | 24250 | 24489 |
| 6.000% due 02/01/2056 | 318000 | 323876 |
| 6.500% due 01/01/2056 - 02/01/2056 | 317100 | 327491 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 195682 | 172972 |
| 3.500% due 02/01/2056 | 160900 | 148261 |
| 4.000% due 02/01/2056 | 641436 | 608103 |
| 4.500% due 01/01/2056 - 02/01/2056 | 298900 | 291583 |
| 5.000% due 01/01/2056 - 02/01/2056 | 1589800 | 1584226 |
| 5.500% due 02/01/2056 | 798632 | 809113 |
| 6.000% due 01/01/2056 - 03/01/2056 | 2965840 | 3044127 |
| 6.500% due 02/01/2056 - 03/01/2056 | 1856850 | 1930797 |
| Total U.S. Government Agencies (Cost $11,126,014) |  | 11092854 |
| **U.S. TREASURY OBLIGATIONS 6.4%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 2.750% due 08/15/2047 | 1000 | 715 |
| 3.000% due 08/15/2048 | 80 | 59 |
| 3.000% due 02/15/2049 (q) | 10 | 7 |
| 4.625% due 05/15/2054 (q) | 149800 | 144311 |
| 4.875% due 08/15/2045 | 6161 | 6223 |
| **U.S. Treasury Inflation Protected Securities (i)** |  |  |
| 0.250% due 02/15/2050  | 6358 | 3665 |
| 0.625% due 02/15/2043  | 1133 | 844 |
| 0.750% due 02/15/2042  | 1153 | 898 |
| 0.750% due 02/15/2045 (q) | 5946 | 4340 |
| 0.875% due 02/15/2047 (q) | 6609 | 4771 |
| 1.000% due 02/15/2046  | 3435 | 2593 |
| 1.000% due 02/15/2048 (q) | 7658 | 5601 |
| 1.000% due 02/15/2049  | 24339 | 17529 |
| 1.375% due 02/15/2044  | 1118 | 937 |
| 1.500% due 02/15/2053  | 22784 | 17784 |
| 2.125% due 02/15/2040  | 603 | 597 |
| 2.125% due 02/15/2041  | 595 | 583 |
| 0.125% due 07/15/2026 (o) | 57459 | 57126 |
| 0.125% due 10/15/2026 (o) | 39679 | 39313 |
| 0.125% due 01/15/2031 (o) | 2126 | 1983 |
| 0.125% due 07/15/2031 (o) | 76463 | 70869 |
| 0.250% due 07/15/2029 (o)(q) | 68099 | 65629 |
| 0.375% due 01/15/2027 (o) | 3719 | 3673 |
| 0.375% due 07/15/2027 (o) | 1012 | 1000 |
| 0.625% due 07/15/2032 (o) | 95816 | 89921 |
| 0.750% due 07/15/2028 (o) | 12264 | 12120 |
| 0.875% due 01/15/2029 (o) | 39888 | 39282 |
| 1.375% due 07/15/2033 (q) | 94130 | 91786 |
| 1.625% due 04/15/2030 (o) | 40300 | 40514 |
| 1.750% due 01/15/2034 (o) | 29871 | 29713 |
| 1.875% due 07/15/2034  | 203487 | 204376 |
| **U.S. Treasury Notes**  |  |  |
| 4.000% due 07/31/2032 (q) | 136200 | 136937 |
| 4.250% due 08/15/2035 (q) | 9635 | 9706 |
| Total U.S. Treasury Obligations (Cost $1,165,675) |  | 1105405 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 12.8%**  |  |  |
| **225 Liberty Street Trust**  |  |  |
| 4.501% due 02/10/2036  | 12990 | 12577 |
| 4.649% due 02/10/2036 ~  | 30350 | 28347 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.346% due 03/25/2036 •  | 4149 | 969 |
| 4.752% due 10/25/2035 ~  | 22 | 20 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.768% due 11/25/2035 ~  | 53 | 37 |
| 5.200% due 06/25/2035 ~  | 3530 | 3434 |
| 6.907% due 08/25/2035 ~  | 31 | 30 |
| **American Home Mortgage Assets Trust**  |  |  |
| 3.971% due 03/25/2047 •  | 1722 | 1566 |
| 4.036% due 12/25/2046 •  | 3400 | 2972 |
| 4.969% due 10/25/2046 •  | 3022 | 2013 |
| **American Home Mortgage Investment Trust**  |  |  |
| 4.746% due 09/25/2035 •  | 315 | 328 |
| 5.880% due 12/25/2035 •  | 11032 | 1983 |
| 6.700% due 06/25/2036 þ  | 8911 | 1217 |
| 7.100% due 06/25/2036 þ  | 3816 | 520 |
| **Angel Oak Mortgage Trust** <br>5.985% due 01/25/2069 þ | 707 | 714 |
| **Ashford Hospitality Trust**  |  |  |
| 5.173% due 04/15/2035 •  | 10000 | 10031 |
| 6.023% due 04/15/2035 •  | 23253 | 23141 |
| **Atrium Hotel Portfolio Trust**  |  |  |
| 5.698% due 12/15/2036 •  | 8450 | 8224 |
| 5.998% due 12/15/2036 •  | 7242 | 6907 |
| **BAMLL Commercial Mortgage Securities Trust**  |  |  |
| 2.847% due 04/20/2042  | 9400 | 7773 |
| 5.865% due 09/15/2038 •  | 6000 | 5694 |
| 6.615% due 09/15/2038 •  | 16700 | 15529 |
| **BAMLL Re-REMICS Trust** <br>5.881% due 06/17/2050 ~ | 100 | 19 |
| **Banc of America Alternative Loan Trust** <br>5.913% due 10/25/2036 ~ | 2227 | 580 |
| **Banc of America Funding Trust**  |  |  |
| 4.228% due 10/20/2036 •  | 5838 | 4586 |
| 4.228% due 12/20/2046 •  | 3459 | 3128 |
| 5.138% due 09/20/2035 ~  | 17 | 14 |
| 5.255% due 05/20/2036 ~  | 36 | 31 |
| 6.388% due 04/25/2037 þ  | 76 | 65 |
| **Banc of America Mortgage Trust**  |  |  |
| 4.701% due 01/25/2036 ~  | 16 | 14 |
| 4.951% due 11/20/2046 ~  | 130 | 116 |
| **BBCCRE Trust** <br>4.563% due 08/10/2033 ~ | 8800 | 7098 |
| **BBCMS Trust** <br>6.439% due 07/15/2037 •  | 5576 | 4928 |
| **BCAP LLC Trust**  |  |  |
| 3.729% due 03/27/2036 ~  | 517 | 352 |
| 4.206% due 03/25/2037 •  | 5919 | 5441 |
| 4.335% due 11/26/2036 ~  | 1289 | 1068 |
| 6.500% due 06/26/2037 ~  | 7422 | 1711 |
| **Bear Stearns ALT-A Trust** <br>4.375% due 11/25/2035 ~ | 229 | 210 |
| **Bear Stearns ALT-A Trust II** <br>4.520% due 09/25/2047 ~ | 10882 | 5804 |
| **Bear Stearns ARM Trust** <br>5.031% due 01/25/2035 ~ | 2 | 2 |
| **Bear Stearns Mortgage Funding Trust** <br>4.006% due 01/25/2037 •  | 7173 | 6364 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 169 | 119 |
| **Benchmark Mortgage Trust** <br>3.294% due 12/15/2062 ~ | 11595 | 1187 |
| **BINOM Securitization Trust** <br>4.441% due 08/25/2057 ~ | 8008 | 7858 |
| **BWAY Mortgage Trust**  |  |  |
| 6.065% due 09/15/2036 •  | 7124 | 6460 |
| 6.715% due 09/15/2036 •  | 8195 | 7172 |
| **Cascade Funding Mortgage Trust** <br>4.000% due 10/25/2054 ~ | 12718 | 12485 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2064 ~  | 10927 | 9801 |
| 3.250% due 09/25/2064 ~  | 8920 | 7984 |
| 3.375% due 04/25/2065 ~  | 7594 | 6878 |
| **Chase Mortgage Finance Trust**  |  |  |
| 6.000% due 05/25/2036  | 10583 | 4191 |
| 6.010% due 02/25/2037 ~  | 386 | 376 |
| **ChaseFlex Trust** <br>6.000% due 02/25/2035 | 1938 | 1349 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.319% due 06/25/2036 •  | 135 | 132 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 3.647% due 04/25/2035 ~  | 83 | 59 |
| 4.103% due 09/20/2036 ~  | 597 | 531 |
| 4.116% due 04/25/2035 •  | 83 | 79 |
| 4.147% due 11/25/2037 ~  | 11557 | 10572 |
| 4.446% due 05/25/2035 •  | 639 | 573 |
| 4.486% due 03/25/2035 •  | 51 | 45 |
| 5.500% due 11/25/2035  | 27 | 13 |
| 6.000% due 02/25/2037  | 5997 | 2119 |
| 6.589% due 10/20/2034 ~  | 48 | 48 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CHL Reperforming Loan Trust REMICS** <br>4.206% due 03/25/2035 •  | 1145 | 1110 |
| **CIM Trust** <br>4.500% due 03/25/2062 ~ | 41489 | 41105 |
| **Citicorp Mortgage Securities Trust** <br>6.000% due 05/25/2037 | 858 | 754 |
| **Citigroup Mortgage Loan Trust** <br>3.375% due 10/25/2062 þ | 19124 | 18073 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>0.000% due 05/01/2060 ~ | 272827 | 242991 |
| **CitiMortgage Alternative Loan Trust**  |  |  |
| 6.000% due 05/25/2037  | 3884 | 3622 |
| 6.500% due 06/25/2037  | 34 | 32 |
| **CLNY Trust**  |  |  |
| 5.627% due 11/15/2038 •  | 7850 | 7659 |
| 6.870% due 11/15/2038 •  | 8000 | 7088 |
| **COLT Mortgage Loan Trust**  |  |  |
| 5.903% due 12/25/2068 þ  | 2883 | 2905 |
| 6.393% due 06/25/2069 þ  | 5132 | 5203 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.206% due 04/25/2046 •  | 829 | 791 |
| 4.246% due 02/25/2036 •  | 101 | 61 |
| 4.248% due 07/20/2046 •  | 57 | 50 |
| 4.408% due 09/20/2046 •  | 925 | 840 |
| 4.868% due 11/20/2035 •  | 14 | 14 |
| 4.989% due 08/25/2046 •  | 1482 | 1372 |
| 5.000% due 08/25/2035  | 2302 | 1334 |
| 5.409% due 11/25/2047 •  | 2176 | 1965 |
| 5.500% due 04/25/2035  | 840 | 576 |
| 5.500% due 12/25/2035  | 139 | 124 |
| 5.500% due 03/25/2036  | 38 | 16 |
| 6.000% due 12/25/2034  | 1661 | 1492 |
| 6.000% due 03/25/2036  | 368 | 164 |
| 6.000% due 08/25/2036 •  | 354 | 340 |
| 6.000% due 03/25/2037  | 918 | 339 |
| 6.000% due 05/25/2037  | 7990 | 3233 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 4.868% due 03/25/2032 ~  | 32 | 31 |
| 6.000% due 01/25/2036  | 188 | 111 |
| **Cross Mortgage Trust**  |  |  |
| 5.003% due 11/25/2070 ~  | 2799 | 2806 |
| 5.036% due 11/25/2070 ~  | 10745 | 10779 |
| 5.549% due 12/25/2069 ~  | 2388 | 2407 |
| **CRSNT Trust**  |  |  |
| 5.074% due 04/15/2036 •  | 16000 | 15827 |
| 5.424% due 04/15/2036 •  | 9000 | 8883 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ | 27970 | 16019 |
| **CSMC Trust**  |  |  |
| 3.944% due 09/25/2057 ~  | 5700 | 5429 |
| 4.215% due 07/27/2061 ~  | 20259 | 20191 |
| 5.549% due 01/15/2049 ~  | 15000 | 9225 |
| 5.594% due 07/15/2032 •  | 2798 | 2784 |
| 5.665% due 07/15/2038 •  | 4460 | 3442 |
| 6.165% due 07/15/2038 •  | 7000 | 3369 |
| 6.778% due 06/01/2050 ~  | 4074 | 4063 |
| **DBGS Mortgage Trust** <br>6.665% due 10/15/2039 •  | 19393 | 18125 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 4300 | 4431 |
| **Deephaven Residential Mortgage Trust** <br>5.087% due 11/25/2060 þ | 2365 | 2372 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.146% due 03/25/2037 •  | 163 | 157 |
| 4.266% due 08/25/2047 •  | 11569 | 11179 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust**  |  |  |
| 6.369% due 10/25/2036 þ  | 44 | 39 |
| 6.386% due 10/25/2036 þ  | 44 | 39 |
| **Deutsche Mortgage Securities, Inc. Re-REMICS Trust Certificates** <br>4.173% due 06/27/2037 ~ | 7616 | 6738 |
| **DROP Mortgage Trust** <br>6.114% due 10/15/2043 •  | 15648 | 13871 |
| **DSLA Mortgage Loan Trust** <br>4.156% due 10/19/2036 •  | 257 | 157 |
| **Ellington Financial Mortgage Trust**  |  |  |
| 5.100% due 10/25/2070 þ  | 5593 | 5613 |
| 5.655% due 02/25/2060 þ  | 4790 | 4849 |
| 5.726% due 01/25/2060 þ  | 2875 | 2909 |
| **Eurosail-U.K. PLC** <br>4.601% due 09/13/2045 •  | 740 | 993 |
| **Finance of America HECM Buyout** <br>4.500% due 11/25/2028 ~ | $13287 | 13249 |
| **Finance of America Structured Securities Trust** <br>3.500% due 09/25/2055 þ | 110434 | 107787 |
| **First Horizon Asset Securities, Inc.** <br>5.194% due 02/25/2036 ~ | 9 | 9 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **First Horizon Mortgage Pass-Through Trust** <br>5.750% due 05/25/2037 | 66 | 19 |
| **GCAT Trust**  |  |  |
| 4.250% due 05/25/2067 ~  | 3564 | 3410 |
| 6.007% due 01/25/2059 þ  | 2489 | 2511 |
| 6.085% due 06/25/2059 þ  | 3384 | 3422 |
| **GS Mortgage Securities Corp. Trust**  |  |  |
| 5.670% due 12/15/2036 •  | 2639 | 2609 |
| 5.920% due 12/15/2036 •  | 2998 | 2934 |
| 6.520% due 12/15/2036 •  | 829 | 796 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>1.750% due 12/25/2060 ~ | 10925 | 10283 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 0.000% due 01/25/2061 ~  | 1134 | 975 |
| 0.000% due 01/25/2061 ~(a)  | 163506 | 9445 |
| 0.000% due 12/25/2061 ~(a)  | 338 | 320 |
| 0.140% due 01/25/2061 ~(a)  | 159287 | 822 |
| 2.750% due 01/25/2061 ~  | 104462 | 100612 |
| 3.149% due 12/25/2061 ~  | 211149 | 184204 |
| 3.250% due 01/25/2061 ~  | 12636 | 11723 |
| 3.500% due 01/25/2061 ~  | 8832 | 8125 |
| 3.875% due 01/25/2061 ~  | 7473 | 6944 |
| 4.100% due 07/25/2065 þ  | 12514 | 12251 |
| 4.250% due 01/25/2061 ~  | 4076 | 3823 |
| 4.750% due 01/25/2061 ~  | 3533 | 3383 |
| 5.013% due 07/25/2065 þ  | 5551 | 5561 |
| 5.510% due 01/25/2061 ~  | 3303 | 2997 |
| **GSMPS Mortgage Loan Trust** <br>4.151% due 06/25/2034 ~ | 1133 | 1072 |
| **GSR Mortgage Loan Trust** <br>4.970% due 11/25/2035 ~ | 3 | 3 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.806% due 06/19/2045 •  | 696 | 308 |
| 4.879% due 12/19/2036 •  | 4132 | 3850 |
| **HomeBanc Mortgage Trust** <br>4.656% due 10/25/2035 •  | 7184 | 7020 |
| **HSI Asset Securitization Corp. Trust** <br>4.836% due 07/25/2035 •  | 3228 | 3046 |
| **Impac Secured Assets Corp.** <br>4.486% due 03/25/2036 •  | 865 | 767 |
| **IndyMac INDA Mortgage Loan Trust** <br>4.443% due 08/25/2037 ~ | 82 | 77 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.334% due 05/25/2037 ~  | 7466 | 6015 |
| 3.867% due 05/25/2037 ~  | 1176 | 775 |
| 3.983% due 09/25/2035 ~  | 41 | 33 |
| 4.206% due 01/25/2037 •  | 6678 | 6014 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.023% due 10/25/2036 ~  | 6710 | 6025 |
| 4.210% due 05/25/2036 ~  | 86 | 46 |
| 4.622% due 12/25/2036 ~  | 17 | 17 |
| 5.358% due 12/25/2035 ~  | 346 | 234 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 0.360% due 10/05/2040 ~(a)  | 51900 | 506 |
| 5.864% due 12/15/2036 •  | 3810 | 60 |
| 5.965% due 09/15/2029 •  | 7700 | 6646 |
| 6.215% due 09/15/2029 •  | 8698 | 6929 |
| 7.235% due 10/05/2040  | 5500 | 5798 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.512% due 05/25/2036 ~  | 181 | 148 |
| 4.750% due 01/25/2063 ~  | 13125 | 12975 |
| 4.823% due 08/25/2036 ~  | 445 | 343 |
| 4.954% due 03/25/2066 ~  | 16214 | 16238 |
| 5.021% due 06/25/2037 ~  | 179 | 136 |
| 5.561% due 09/25/2055 þ  | 8349 | 8388 |
| 5.567% due 09/25/2065 ~  | 4572 | 4616 |
| 6.000% due 09/25/2035  | 4841 | 3297 |
| 6.500% due 09/25/2035  | 91 | 55 |
| **JP Morgan Seasoned Mortgage Trust** <br>3.688% due 01/25/2063 ~ | 9933 | 9366 |
| **Lavender Trust** <br>6.250% due 10/26/2036 | 984 | 425 |
| **Legacy Mortgage Asset Trust** <br>5.892% due 10/25/2066 þ | 4314 | 4318 |
| **Lehman Mortgage Trust**  |  |  |
| 6.000% due 08/25/2036  | 338 | 254 |
| 6.000% due 09/25/2037  | 66 | 65 |
| **Lehman XS Trust**  |  |  |
| 4.206% due 12/25/2036 •  | 4562 | 4583 |
| 4.226% due 09/25/2046 •  | 138 | 127 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.056% due 04/25/2046 •  | 168 | 158 |
| **MASTR Alternative Loan Trust** <br>6.750% due 07/25/2036 | 395 | 146 |
| **MASTR Reperforming Loan Trust** <br>8.000% due 08/25/2034 | 1251 | 947 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Merrill Lynch Alternative Note Asset Trust** <br>4.446% due 03/25/2037 •  | 564 | 132 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.566% due 08/25/2035 •  | 1822 | 1710 |
| 5.286% due 11/25/2035 •  | 26 | 25 |
| **MFA Trust**  |  |  |
| 5.570% due 09/25/2067 þ  | 12346 | 12315 |
| 6.105% due 12/25/2068 þ  | 3313 | 3342 |
| **MFT Mortgage Trust**  |  |  |
| 3.358% due 02/10/2042  | 5000 | 4030 |
| 3.477% due 02/10/2042 ~  | 6815 | 5129 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 5.448% due 11/15/2034 •  | 5400 | 5260 |
| 6.109% due 12/15/2036 •  | 9000 | 99 |
| 6.248% due 11/15/2034 •  | 20993 | 20403 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 4.000% due 06/25/2064 þ  | 5002 | 4906 |
| 4.963% due 09/25/2070 ~  | 4939 | 4946 |
| 5.016% due 09/25/2070 ~  | 7550 | 7569 |
| 5.021% due 11/25/2070 þ  | 9200 | 9231 |
| 5.530% due 05/25/2070 ~  | 2219 | 2236 |
| **MRCD Mortgage Trust** <br>2.718% due 12/15/2036 | 19530 | 14880 |
| **MSSG Trust** <br>3.740% due 09/13/2039 ~ | 2681 | 2424 |
| **Natixis Commercial Mortgage Securities Trust**  |  |  |
| 4.058% due 04/10/2037 ~  | 21999 | 15888 |
| 4.773% due 06/17/2038 ~  | 11706 | 11240 |
| **New Orleans Hotel Trust**  |  |  |
| 4.787% due 04/15/2032 •  | 3300 | 3280 |
| 5.387% due 04/15/2032 •  | 12440 | 12328 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 3162 | 3070 |
| 3.500% due 10/25/2059 ~  | 1424 | 1347 |
| 5.085% due 10/25/2065 ~  | 1355 | 1360 |
| **NLT Trust** <br>3.200% due 10/25/2062 ~ | 2877 | 2656 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust**  |  |  |
| 4.036% due 06/25/2037 •  | 2880 | 2410 |
| 4.513% due 04/25/2036 ~  | 1800 | 1613 |
| **Nomura Resecuritization Trust** <br>4.746% due 01/25/2037 •  | 16484 | 15845 |
| **NYMT Loan Trust**  |  |  |
| 3.750% due 02/25/2068 ~  | 1557 | 1456 |
| 3.750% due 11/25/2069 ~  | 10479 | 10130 |
| **OBX Trust**  |  |  |
| 4.940% due 09/25/2062 þ  | 14541 | 14530 |
| 5.928% due 11/25/2063 þ  | 3833 | 3861 |
| 6.030% due 01/25/2064 þ  | 4536 | 4599 |
| 6.233% due 05/25/2064 þ  | 3643 | 3689 |
| 6.465% due 10/25/2063 þ  | 5822 | 5881 |
| 6.844% due 04/25/2063 þ  | 2755 | 2781 |
| 7.159% due 10/25/2063 þ  | 7519 | 7617 |
| **Oceanview Mortgage Trust** <br>4.674% due 11/25/2054 •  | 2944 | 2948 |
| **PRET Trust**  |  |  |
| 4.000% due 08/25/2064 þ  | 2041 | 1998 |
| 4.000% due 03/25/2065 þ  | 20259 | 19904 |
| 4.000% due 07/25/2069 þ  | 916 | 898 |
| 4.075% due 06/25/2064 ~  | 3399 | 3279 |
| **PRKCM Trust**  |  |  |
| 5.101% due 10/25/2060 þ  | 2166 | 2172 |
| 6.431% due 05/25/2059 þ  | 637 | 645 |
| 7.225% due 11/25/2058 þ  | 3212 | 3252 |
| **Project Cashmere**  |  |  |
| 4.543% due 12/30/2057 «(b)  | 109100 | 72808 |
| 5.713% due 12/30/2057 «(b)  | 15100 | 10077 |
| 5.863% due 12/30/2057 «(b)  | 9500 | 6340 |
| 6.163% due 12/30/2057 «(b)  | 6400 | 4271 |
| 6.563% due 12/30/2057 «(b)  | 5200 | 3470 |
| **PRPM LLC**  |  |  |
| 3.750% due 03/25/2054 þ  | $751 | 740 |
| 3.750% due 04/25/2055 þ  | 4225 | 4134 |
| 4.000% due 11/25/2053 þ  | 793 | 787 |
| 4.000% due 01/25/2054 þ  | 729 | 721 |
| 4.000% due 05/25/2054 þ  | 647 | 641 |
| 4.000% due 11/25/2054 þ  | 5246 | 5152 |
| 4.000% due 10/25/2064 þ  | 816 | 804 |
| 4.200% due 12/25/2064 þ  | 1943 | 1924 |
| 4.500% due 06/25/2065 «þ  | 28600 | 28184 |
| 4.839% due 10/25/2055 þ  | 1723 | 1725 |
| 4.990% due 12/25/2055 þ  | 7800 | 7799 |
| 5.250% due 07/25/2055 þ  | 2385 | 2408 |
| 5.699% due 11/25/2029 þ  | 1390 | 1391 |
| 5.774% due 08/25/2028 þ  | 7116 | 7133 |
| 5.870% due 11/25/2029 þ  | 5812 | 5820 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **PRPM Trust**  |  |  |
| 5.228% due 08/25/2069 þ  | 6749 | 6755 |
| 5.802% due 11/25/2069 þ  | 6977 | 7040 |
| 6.221% due 11/25/2068 þ  | 1096 | 1107 |
| **RALI Trust**  |  |  |
| 4.166% due 01/25/2037 •  | 9236 | 8456 |
| 4.226% due 07/25/2036 •  | 107 | 101 |
| 4.879% due 09/25/2046 •  | 4608 | 4264 |
| 5.389% due 09/25/2045 •  | 124 | 108 |
| 6.000% due 09/25/2036  | 308 | 112 |
| **RBSSP Resecuritization Trust** <br>4.698% due 01/26/2036 ~ | 1688 | 1549 |
| **RCKT Mortgage Trust** <br>6.808% due 09/25/2043 ~ | 1462 | 1476 |
| **Santander Mortgage Asset Receivable Trust** <br>5.545% due 01/25/2065 þ | 866 | 873 |
| **SFO Commercial Mortgage Trust**  |  |  |
| 6.264% due 05/15/2038 •  | 23560 | 23454 |
| 6.764% due 05/15/2038 •  | 5000 | 4967 |
| **SRT Issuer I LLC** <br>0.000% due 10/01/2031 «•  | 20000 | 20042 |
| **SRT Issuer II LLC** <br>0.000% due 12/02/2031 «•(k) | 20000 | 20018 |
| **Starwood Mortgage Trust** <br>6.265% due 04/15/2034 •  | 2213 | 2212 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.146% due 02/25/2037 •  | 1792 | 1817 |
| 4.780% due 09/25/2035 ~  | 83 | 73 |
| 6.088% due 04/25/2034 ~  | 1 | 1 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.106% due 03/25/2037 •  | 830 | 319 |
| 4.386% due 08/25/2035 •  | 208 | 202 |
| **Structured Asset Securities Corp.**  |  |  |
| 4.096% due 07/25/2035 •  | 10359 | 9740 |
| 4.106% due 05/25/2043 •  | 5630 | 5329 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.096% due 05/25/2036 •  | 11513 | 9396 |
| **TBW Mortgage-Backed Trust**  |  |  |
| 4.206% due 01/25/2037 •  | 14174 | 3120 |
| 6.470% due 09/25/2036 þ  | 473 | 12 |
| 6.620% due 03/25/2037 þ  | 8635 | 1656 |
| **Thornburg Mortgage Securities Trust** <br>4.486% due 09/25/2043 •  | 7 | 7 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.856% due 07/20/2053 •  | 23121 | 31195 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.710% due 01/25/2060 ~  | $2789 | 2700 |
| 3.000% due 10/25/2057 ~  | 1774 | 1714 |
| 3.250% due 07/25/2056 ~  | 335 | 333 |
| 3.750% due 07/25/2062 ~  | 6404 | 6162 |
| 3.750% due 09/25/2062  | 70746 | 68265 |
| 4.606% due 10/25/2064 ~  | 29746 | 29872 |
| **Tower Bridge Funding PLC** <br>5.031% due 01/20/2066 •  | 7051 | 9516 |
| **Uropa Securities PLC** <br>4.422% due 10/10/2040 •  | 2541 | 3264 |
| **VASA Trust**  |  |  |
| 5.115% due 07/15/2039 •  | $10800 | 10502 |
| 5.615% due 07/15/2039 •  | 10000 | 9480 |
| **Verus Securitization Trust**  |  |  |
| 4.858% due 12/25/2070 þ  | 12500 | 12526 |
| 5.086% due 07/25/2067 ~  | 10200 | 10233 |
| 5.402% due 05/25/2065 þ  | 6825 | 6877 |
| 5.799% due 07/25/2069 þ  | 1842 | 1858 |
| 6.192% due 06/25/2069 þ  | 6052 | 6129 |
| 6.259% due 12/25/2068 þ  | 2238 | 2261 |
| 6.876% due 11/25/2068 ~  | 2569 | 2607 |
| **WaMu Commercial Mortgage Securities Trust** <br>6.369% due 03/23/2045 ~ | 5878 | 5770 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.878% due 12/25/2046 •  | 95 | 85 |
| 4.372% due 02/25/2037 ~  | 145 | 129 |
| 4.406% due 11/25/2045 •  | 5443 | 5133 |
| 4.426% due 12/25/2045 •  | 1160 | 1156 |
| 4.509% due 10/25/2035 ~  | 2429 | 2229 |
| 4.826% due 11/25/2034 •  | 143 | 141 |
| 5.229% due 11/25/2042 •  | 26 | 25 |
| 5.696% due 09/25/2033 ~  | 11 | 11 |
| **Warwick Finance Residential Mortgages Number Three PLC** <br>4.712% due 12/21/2049 •  | 4520 | 6099 |
| **Wells Fargo Alternative Loan Trust** <br>4.276% due 06/25/2037 •  | $1602 | 1415 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 5.851% due 11/25/2037 ~  | 86 | 79 |
| 6.190% due 10/25/2037 ~  | 9416 | 8135 |
| 6.389% due 09/25/2033 ~  | 13 | 13 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.673% due 04/25/2036 ~  | 306 | 303 |
| Total Non-Agency Mortgage-Backed Securities (Cost $2,360,415) |  | 2201785 |
| **ASSET-BACKED SECURITIES 16.5%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.2%**  |  |  |
| **CarMax Select Receivables Trust**  |  |  |
| 4.664% due 05/15/2028 •  | 5006 | 5009 |
| 4.714% due 09/15/2027 •  | 257 | 257 |
| **Carvana Auto Receivables Trust** <br>2.900% due 03/10/2028 | 415 | 407 |
| **GLS Auto Receivables Issuer Trust** <br>5.690% due 03/15/2029 | 11168 | 11218 |
| **M&T Bank Auto Receivables Trust** <br>4.484% due 05/15/2028 •  | 4902 | 4905 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.930% due 09/17/2029  | 8900 | 8971 |
| 4.960% due 11/15/2028  | 6079 | 6091 |
|  |  | 36858 |
| **AUTOMOBILE SEQUENTIAL 4.0%**  |  |  |
| **AmeriCredit Automobile Receivables Trust** <br>4.220% due 03/19/2029 | 4300 | 4308 |
| **Arivo Acceptance Auto Loan Receivables Trust** <br>4.920% due 05/15/2029 | 1100 | 1100 |
| **Avis Budget Rental Car Funding AESOP LLC**  |  |  |
| 5.130% due 10/20/2028  | 5500 | 5589 |
| 5.440% due 02/22/2028  | 1070 | 1083 |
| 5.780% due 04/20/2028  | 2250 | 2290 |
| 6.120% due 04/20/2027  | 1853 | 1860 |
| **Bayview Opportunity Master Fund VII Trust** <br>5.660% due 03/15/2028 | 2194 | 2201 |
| **BofA Auto Trust** <br>5.350% due 11/15/2028 | 3696 | 3734 |
| **Bridgecrest Lending Auto Securitization Trust**  |  |  |
| 4.730% due 02/15/2028  | 2726 | 2731 |
| 5.340% due 04/17/2028  | 1434 | 1436 |
| **CarMax Select Receivables Trust**  |  |  |
| 4.190% due 03/15/2029  | 11900 | 11917 |
| 4.760% due 05/15/2028  | 6207 | 6222 |
| 5.780% due 09/15/2027  | 462 | 463 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.070% due 02/12/2029  | 11000 | 11004 |
| 4.260% due 10/10/2029  | 10464 | 10489 |
| 4.310% due 09/10/2030  | 6225 | 6271 |
| 4.500% due 06/12/2028  | 1625 | 1627 |
| 4.560% due 08/10/2028  | 19079 | 19112 |
| 4.780% due 05/10/2028  | 1041 | 1042 |
| 4.910% due 08/10/2029  | 3100 | 3125 |
| 5.050% due 04/10/2029  | 3847 | 3866 |
| 5.080% due 03/11/2030  | 5691 | 5784 |
| 5.620% due 01/10/2029  | 1488 | 1500 |
| 5.710% due 07/10/2028  | 3477 | 3490 |
| 5.710% due 07/10/2029  | 3000 | 3073 |
| 5.740% due 11/13/2029  | 1873 | 1929 |
| 5.980% due 12/10/2027  | 541 | 542 |
| 6.160% due 10/10/2028  | 2553 | 2577 |
| 6.160% due 09/10/2029  | 5319 | 5506 |
| **Chase Auto Owner Trust**  |  |  |
| 5.220% due 07/25/2029  | 13000 | 13156 |
| 5.250% due 09/27/2027  | 1265 | 1266 |
| 5.520% due 06/25/2029  | 15558 | 15780 |
| 5.530% due 09/27/2027  | 441 | 441 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.710% due 03/15/2029  | 2837 | 2845 |
| 5.880% due 02/15/2028  | 955 | 956 |
| **Drive Auto Receivables Trust**  |  |  |
| 4.140% due 09/15/2032  | 12200 | 12234 |
| 4.290% due 10/16/2028  | 29700 | 29725 |
| **Ent Auto Receivables Trust**  |  |  |
| 6.240% due 01/16/2029  | 1209 | 1216 |
| 6.260% due 11/15/2029  | 1000 | 1023 |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.650% due 10/20/2027  | 3821 | 3837 |
| 4.820% due 02/20/2029  | 3900 | 3969 |
| 4.980% due 08/21/2028  | 3300 | 3348 |
| 5.310% due 04/20/2027  | 1763 | 1770 |
| **Exeter Automobile Receivables Trust**  |  |  |
| 4.530% due 03/15/2028  | 10223 | 10239 |
| 4.780% due 06/15/2027  | 1507 | 1507 |
| 5.280% due 08/15/2030  | 1195 | 1196 |
| **Exeter Select Automobile Receivables Trust** <br>4.540% due 06/15/2029 | 2625 | 2635 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **FCCU Auto Receivables Trust**  |  |  |
| 5.460% due 04/15/2030  | 1100 | 1126 |
| 5.540% due 04/16/2029  | 3700 | 3737 |
| 5.760% due 11/15/2027  | 480 | 481 |
| **FHF Issuer Trust**  |  |  |
| 4.920% due 02/15/2031  | 7758 | 7741 |
| 5.690% due 02/15/2030  | 3215 | 3235 |
| 6.790% due 10/15/2029  | 2118 | 2134 |
| **First Investors Auto Owner Trust** <br>6.440% due 10/16/2028 | 1718 | 1731 |
| **Ford Auto Securitization Trust** <br>5.053% due 07/15/2028 | 4660 | 3439 |
| **Ford Credit Auto Owner Trust** <br>5.090% due 12/15/2028 | $4886 | 4929 |
| **Foursight Capital Automobile Receivables Trust** <br>5.490% due 01/16/2029 | 1814 | 1820 |
| **GLS Auto Receivables Issuer Trust** <br>4.520% due 07/17/2028 | 14700 | 14727 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 4.460% due 10/15/2030  | 2764 | 2782 |
| 5.580% due 06/17/2030  | 3921 | 3967 |
| 6.370% due 06/15/2028  | 1430 | 1437 |
| **GM Financial Consumer Automobile Receivables Trust** <br>5.130% due 04/16/2029 | 20400 | 20621 |
| **GreenState Auto Receivables Trust** <br>5.530% due 08/16/2027 | 359 | 359 |
| **Harley-Davidson Motorcycle Trust**  |  |  |
| 4.310% due 07/16/2029  | 15700 | 15768 |
| 4.620% due 08/16/2027  | 4652 | 4654 |
| **Hyundai Auto Lease Securitization Trust** <br>5.800% due 12/15/2026 | 1797 | 1799 |
| **Hyundai Auto Receivables Trust** <br>4.840% due 03/15/2029 | 6000 | 6069 |
| **LAD Auto Receivables Trust** <br>4.600% due 12/15/2027 | 3277 | 3281 |
| **Lendbuzz Securitization Trust** <br>5.100% due 10/15/2030 | 2007 | 2008 |
| **M&T Bank Auto Receivables Trust** <br>5.220% due 02/17/2032 | 10117 | 10231 |
| **Mercedes-Benz Auto Receivables Trust** <br>5.950% due 11/15/2028 | 2141 | 2170 |
| **PenFed Auto Receivables Owner Trust**  |  |  |
| 4.700% due 06/15/2029  | 6700 | 6731 |
| 5.040% due 09/15/2027  | 1112 | 1112 |
| **Porsche Innovative Lease Owner Trust**  |  |  |
| 4.670% due 11/22/2027  | 9200 | 9238 |
| 4.840% due 01/20/2027  | 1271 | 1272 |
| **Research-Driven Pagaya Motor Asset Trust** <br>4.811% due 07/27/2026 | 5595 | 5601 |
| **Research-Driven Pagaya Motor Asset Trust V** <br>5.320% due 09/25/2030 | 862 | 867 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.280% due 01/15/2029  | 11000 | 11027 |
| 4.630% due 10/16/2028  | 15723 | 15773 |
| 4.710% due 06/15/2028  | 16052 | 16077 |
| 4.850% due 01/16/2029  | 15286 | 15328 |
| 5.250% due 04/17/2028  | 270 | 270 |
| 5.630% due 01/16/2029  | 5235 | 5257 |
| **SBNA Auto Lease Trust**  |  |  |
| 4.560% due 02/22/2028  | 29212 | 29285 |
| 4.680% due 04/20/2027  | 2552 | 2554 |
| 4.830% due 04/20/2028  | 7800 | 7851 |
| 5.560% due 11/22/2027  | 13032 | 13102 |
| 6.520% due 04/20/2028  | 4500 | 4529 |
| **SCCU Auto Receivables Trust**  |  |  |
| 5.450% due 12/15/2027  | 1586 | 1587 |
| 5.700% due 10/16/2028  | 3487 | 3512 |
| 5.700% due 08/15/2029  | 2700 | 2764 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.520% due 11/20/2028  | 52528 | 52642 |
| 4.650% due 05/22/2028  | 5313 | 5322 |
| 4.940% due 01/21/2031  | 700 | 711 |
| 4.950% due 05/21/2029  | 2886 | 2904 |
| 5.470% due 10/20/2028  | 1659 | 1670 |
| **Tesla Electric Vehicle Trust**  |  |  |
| 5.380% due 06/20/2028  | 10159 | 10238 |
| 5.380% due 02/20/2029  | 3500 | 3563 |
| **Toyota Auto Receivables Owner Trust** <br>5.330% due 01/16/2029 | 7455 | 7534 |
| **USB Auto Owner Trust** <br>4.510% due 06/15/2028 | 17100 | 17138 |
| **Volkswagen Auto Loan Enhanced Trust** <br>5.480% due 12/20/2028 | 6586 | 6669 |
| **Westlake Automobile Receivables Trust**  |  |  |
| 4.660% due 09/15/2028  | 24200 | 24280 |
| 5.440% due 05/17/2027  | 673 | 673 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.750% due 08/16/2027  | 1749 | 1751 |
| **World Omni Auto Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 16400 | 16504 |
| 5.270% due 09/17/2029  | 5742 | 5797 |
| **World Omni Select Auto Trust**  |  |  |
| 4.140% due 05/15/2030  | 7200 | 7216 |
| 4.980% due 02/15/2030  | 5800 | 5830 |
| 5.370% due 02/15/2028  | 530 | 531 |
|  |  | 677970 |
| **CMBS OTHER 0.1%**  |  |  |
| **MF1 LLC**  |  |  |
| 5.881% due 06/19/2037 •  | 18284 | 18294 |
| 6.366% due 09/17/2037 •  | 2345 | 2348 |
|  |  | 20642 |
| **HOME EQUITY OTHER 5.0%**  |  |  |
| **Aames Mortgage Trust**  |  |  |
| 6.950% due 11/25/2031 þ  | 298 | 335 |
| 7.150% due 01/25/2032 þ  | 160 | 169 |
| **ABFC Trust** <br>4.596% due 06/25/2037 •  | 3782 | 3243 |
| **Accredited Mortgage Loan Trust** <br>4.106% due 09/25/2036 •  | 384 | 383 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.286% due 05/25/2037 •  | 13005 | 1975 |
| 5.796% due 11/25/2034 •  | 2267 | 2276 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 2.804% due 06/25/2033 •  | 484 | 440 |
| 4.596% due 01/25/2036 •  | 231 | 229 |
| 4.791% due 07/25/2035 •  | 2638 | 2618 |
| 5.196% due 03/25/2033 •  | 109 | 105 |
| **Argent Securities Trust**  |  |  |
| 4.146% due 06/25/2036 •  | 2953 | 1537 |
| 4.226% due 03/25/2036 •  | 4783 | 4488 |
| 4.326% due 07/25/2036 •  | 1023 | 277 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.796% due 05/25/2034 •  | 793 | 677 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.567% due 01/25/2036 •  | 8121 | 7558 |
| 4.821% due 06/25/2035 •  | 2000 | 1789 |
| **Bayview Financial Mortgage Pass-Through Trust** <br>4.712% due 04/28/2036 •  | 231 | 232 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.196% due 06/25/2047 •  | 25753 | 24594 |
| 4.746% due 08/25/2034 •  | 7106 | 7013 |
| 5.446% due 10/25/2037 •  | 26453 | 26586 |
| 5.796% due 08/25/2035 •  | 15608 | 16033 |
| **Bear Stearns Structured Products Trust** <br>5.846% due 03/25/2037 •  | 7000 | 6872 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 4.036% due 06/25/2037 •  | 1619 | 1610 |
| 4.836% due 06/25/2035 •  | 13142 | 13229 |
| 5.646% due 05/25/2035 •  | 15328 | 13642 |
| **Centex Home Equity Loan Trust**  |  |  |
| 4.496% due 03/25/2033 •  | 292 | 289 |
| 4.738% due 06/25/2034 þ  | 4278 | 4197 |
| 4.896% due 10/25/2035 •  | 1910 | 1908 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 25553 | 25968 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.506% due 02/25/2035 •  | 287 | 272 |
| 4.536% due 10/25/2035 •  | 800 | 757 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.326% due 04/25/2037 •  | 31 | 28 |
| 4.346% due 01/25/2046 •  | 4493 | 4299 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.861% due 12/25/2034 •  | 849 | 805 |
| 4.096% due 06/25/2047 •  | 139 | 136 |
| 4.106% due 04/25/2046 •  | 1392 | 1315 |
| 4.126% due 06/25/2047 •  | 6434 | 5907 |
| 4.251% due 09/25/2046 •  | 1661 | 1384 |
| 4.286% due 05/25/2037 •  | 12621 | 12292 |
| 4.286% due 05/25/2047 •  | 3108 | 3004 |
| 4.326% due 03/25/2047 •  | 8320 | 8002 |
| 4.546% due 03/25/2036 •  | 4141 | 3792 |
| 4.586% due 08/25/2047 •  | 17497 | 17317 |
| 4.746% due 10/25/2047 •  | 7 | 7 |
| 5.499% due 02/25/2035 ~  | 4460 | 4141 |
| **Credit-Based Asset Servicing & Securitization LLC** <br>4.626% due 03/25/2034 •  | 81 | 92 |
| **Ellington Loan Acquisition Trust** <br>4.946% due 05/25/2037 •  | 6970 | 6852 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **EMC Mortgage Loan Trust** <br>6.846% due 11/25/2030 •  | 3410 | 3404 |
| **Finance of America Structured Securities RMF Trust** <br>3.000% due 09/25/2061 þ | 11361 | 11340 |
| **Finance of America Structured Securities Trust**  |  |  |
| 3.500% due 07/25/2075 þ  | 70819 | 69264 |
| 6.500% due 04/25/2073 þ  | 3798 | 3827 |
| **First NLC Trust** <br>2.954% due 05/25/2035 •  | 8026 | 7300 |
| **Fremont Home Loan Trust** <br>4.126% due 11/25/2036 •  | 3346 | 1999 |
| **GSAA Home Equity Trust**  |  |  |
| 4.086% due 05/25/2047 •  | 1332 | 782 |
| 4.746% due 08/25/2037 •  | 9 | 9 |
| 6.741% due 03/25/2036 þ  | 3545 | 955 |
| **GSAA Trust** <br>4.286% due 03/25/2047 •  | 4884 | 1650 |
| **GSAMP Trust**  |  |  |
| 4.126% due 03/25/2047 •  | 10639 | 9811 |
| 4.186% due 01/25/2037 •  | 584 | 576 |
| 4.326% due 09/25/2036 •  | 8228 | 2855 |
| 4.566% due 11/25/2035 •  | 1300 | 1138 |
| **Home Equity Asset Trust** <br>4.446% due 07/25/2036 •  | 2258 | 2168 |
| **Home Equity Loan Trust**  |  |  |
| 4.036% due 04/25/2037 •  | 8151 | 7806 |
| 4.076% due 04/25/2037 •  | 311 | 305 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.036% due 04/25/2037 •  | 13916 | 9531 |
| 5.091% due 03/25/2035 •  | 1410 | 1400 |
| **HSI Asset Loan Obligation Trust** <br>3.966% due 12/25/2036 •  | 54 | 15 |
| **JP Morgan Mortgage Acquisition Corp.**  |  |  |
| 4.431% due 01/25/2036 •  | 6172 | 6284 |
| 4.746% due 09/25/2035 •  | 7419 | 6883 |
| 4.806% due 06/25/2035 •  | 7474 | 6770 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.266% due 10/25/2036 •  | 102 | 102 |
| 4.296% due 07/25/2036 •  | 5000 | 4616 |
| **JP Morgan Mortgage Trust** <br>0.000% due 10/25/2055 ~ | 123297 | 133665 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.146% due 06/25/2036 •  | 7788 | 3688 |
| 4.146% due 09/25/2036 •  | 9626 | 6268 |
| 4.306% due 10/25/2036 •  | 33272 | 10374 |
| 4.446% due 02/25/2036 •  | 6350 | 5688 |
| 4.476% due 01/25/2046 •  | 2462 | 2407 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 3.946% due 01/25/2037 •  | 263 | 74 |
| 4.266% due 05/25/2037 •  | 53 | 52 |
| 5.571% due 06/25/2035 •  | 470 | 476 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.026% due 06/25/2037 •  | 2710 | 566 |
| 4.066% due 08/25/2037 •  | 1028 | 506 |
| 4.136% due 08/25/2037 •  | 335 | 310 |
| 4.366% due 03/25/2037 •  | 696 | 662 |
| 4.366% due 04/25/2037 •  | 522 | 250 |
| 4.596% due 09/25/2035 •  | 3344 | 3303 |
| 4.646% due 08/25/2035 •  | 1152 | 1131 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.096% due 07/25/2036 •  | 48 | 43 |
| 4.326% due 09/25/2036 •  | 6475 | 2242 |
| 4.386% due 03/25/2036 •  | 1988 | 1947 |
| 4.551% due 12/25/2034 •  | 67 | 66 |
| 4.586% due 01/25/2034 •  | 1805 | 1823 |
| 4.776% due 02/25/2035 •  | 1075 | 1013 |
| 4.796% due 07/25/2037 •  | 33976 | 32741 |
| 4.866% due 01/25/2035 •  | 1158 | 1160 |
| **New Century Home Equity Loan Trust**  |  |  |
| 4.491% due 12/25/2035 •  | 4538 | 4413 |
| 4.611% due 02/25/2035 •  | 1790 | 1764 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**  |  |  |
| 4.146% due 07/25/2036 •  | 8650 | 8268 |
| 4.506% due 11/25/2035 •  | 3861 | 3771 |
| 4.506% due 10/25/2036 •  | 1987 | 359 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.086% due 11/25/2036 •  | 17598 | 5354 |
| 4.166% due 05/25/2036 •  | 316 | 314 |
| 4.761% due 10/25/2035 •  | 7218 | 7072 |
| 5.946% due 12/25/2034 •  | 74 | 69 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.536% due 11/25/2035 •  | 1216 | 1185 |
| **Ownit Mortgage Loan Trust**  |  |  |
| 4.166% due 10/25/2037 •  | 7754 | 8310 |
| 4.266% due 01/25/2037 •  | 487 | 478 |
| 4.306% due 10/25/2037 •  | 4226 | 4555 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Park Place Securities, Inc.** <br>4.581% due 09/25/2035 •  | 14159 | 13988 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 3.144% due 06/25/2035 •  | 10980 | 9748 |
| 4.581% due 09/25/2035 •  | 3056 | 3016 |
| 4.881% due 05/25/2035 •  | 7804 | 6528 |
| 5.571% due 09/25/2034 •  | 1621 | 1608 |
| **People's Choice Home Loan Securities Trust** <br>4.791% due 05/25/2035 •  | 384 | 368 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.311% due 11/25/2036 •  | 6334 | 5690 |
| **Quest Trust** <br>4.426% due 08/25/2036 •  | 5923 | 5743 |
| **RCKT Mortgage Trust**  |  |  |
| 4.894% due 11/25/2055 þ  | 33976 | 34035 |
| 4.966% due 11/25/2055 þ  | 13085 | 13117 |
| **Residential Asset Mortgage Products Trust** <br>4.526% due 12/25/2035 •  | 975 | 883 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.386% due 07/25/2036 •  | 988 | 883 |
| 4.476% due 02/25/2036 •  | 1500 | 1472 |
| 4.806% due 01/25/2036 •  | 2608 | 2519 |
| 4.821% due 09/25/2035 •  | 2297 | 2302 |
| **Saxon Asset Securities Trust**  |  |  |
| 4.086% due 01/25/2047 •  | 4474 | 4318 |
| 4.156% due 09/25/2037 •  | 2805 | 2727 |
| 5.596% due 12/25/2037 •  | 1753 | 1694 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.286% due 01/25/2037 •  | 4020 | 3085 |
| 4.461% due 01/25/2035 •  | 2027 | 1967 |
| **Soundview Home Loan Trust**  |  |  |
| 4.016% due 07/25/2037 •  | 3935 | 3578 |
| 4.046% due 06/25/2037 •  | 37467 | 26034 |
| 4.066% due 01/25/2037 •  | 6649 | 4881 |
| 4.086% due 11/25/2036 •  | 5569 | 1497 |
| 4.146% due 03/25/2037 •  | 1508 | 1436 |
| 4.186% due 11/25/2036 •  | 3218 | 865 |
| 4.796% due 09/25/2037 •  | 632 | 541 |
| 4.821% due 03/25/2036 •  | 1000 | 971 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.566% due 07/25/2035 •  | 1056 | 1022 |
| 4.671% due 05/25/2034 •  | 1004 | 975 |
| 4.786% due 09/25/2034 •  | 2475 | 2624 |
| 5.046% due 08/25/2034 •  | 10053 | 10811 |
| **Structured Asset Securities Corp.** <br>5.046% due 02/25/2035 •  | 542 | 544 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.001% due 09/25/2036 •  | 642 | 400 |
| 4.226% due 12/25/2035 •  | 1080 | 1072 |
| 4.551% due 02/25/2035 •  | 4740 | 4553 |
| **Towd Point Mortgage Trust**  |  |  |
| 5.278% due 08/25/2065 þ  | 15343 | 15418 |
| 6.125% due 02/25/2064 ~  | 3760 | 3795 |
|  |  | 854539 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Saxon Asset Securities Trust** <br>4.326% due 10/25/2046 •  | 9050 | 8119 |
| **MANUFACTURING HOUSE ABS OTHER 0.1%**  |  |  |
| **Conseco Finance Securitizations Corp.** <br>5.564% due 09/01/2033 •  | 755 | 757 |
| **Towd Point Mortgage Trust**  |  |  |
| 3.750% due 11/25/2058 ~  | 5000 | 4967 |
| 4.000% due 11/25/2058 ~  | 5000 | 4935 |
|  |  | 10659 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Conseco Finance Corp.** <br>7.500% due 03/01/2030 ~ | 2706 | 681 |
| **WHOLE LOAN COLLATERAL 0.4%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.281% due 11/25/2036 •  | 343 | 343 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.566% due 11/25/2035 •  | 223 | 221 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 3.966% due 11/25/2036 •  | 1471 | 1371 |
| 4.146% due 05/25/2036 •  | 1860 | 1840 |
| 4.156% due 07/25/2036 •  | 166 | 162 |
| 4.326% due 04/25/2036 •  | 7800 | 7263 |
| 4.346% due 06/25/2036 •  | 11075 | 10422 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GSAMP Trust**  |  |  |
| 4.596% due 01/25/2034 •  | 1691 | 1752 |
| 4.821% due 06/25/2034 •  | 314 | 347 |
| **Lehman XS Trust**  |  |  |
| 4.086% due 02/25/2037 •  | 2263 | 2215 |
| 4.166% due 02/25/2037 •  | 922 | 902 |
| **PRET LLC** <br>5.744% due 06/25/2055 þ | 6655 | 6686 |
| **RAAC Trust** <br>4.446% due 06/25/2044 •  | 908 | 843 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.341% due 05/25/2036 •  | 939 | 930 |
| 4.431% due 03/25/2036 •  | 18400 | 17615 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.426% due 12/25/2035 •  | 181 | 179 |
| 4.896% due 03/25/2035 •  | 141 | 142 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.602% due 12/25/2036 •  | 5795 | 5766 |
| **VCAT LLC** <br>5.889% due 02/25/2055 þ | 10059 | 10090 |
|  |  | 69089 |
| **OTHER ABS 6.7%**  |  |  |
| **AccessLex Institute** <br>4.523% due 09/26/2033 •  | 935 | 926 |
| **ACHV ABS Trust**  |  |  |
| 4.760% due 04/26/2032  | 788 | 791 |
| 5.040% due 04/26/2032  | 1020 | 1025 |
| 5.900% due 04/25/2031  | 105 | 105 |
| **Affirm Master Trust**  |  |  |
| 4.450% due 10/16/2034  | 5300 | 5322 |
| 4.670% due 07/15/2033  | 10300 | 10375 |
| 4.990% due 02/15/2033  | 19900 | 20107 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.934% due 10/20/2034 •  | 16600 | 16588 |
| **Anchorage Credit Funding 10 Ltd.** <br>3.619% due 04/25/2038 | 948 | 933 |
| **Anchorage Credit Funding 19 Ltd.** <br>5.036% due 10/25/2040 | 12500 | 12503 |
| **Aqua Finance Issuer Trust** <br>4.790% due 05/17/2051 | 8126 | 8189 |
| **Arcano Euro CLO II DAC** <br>0.000% due 07/25/2039 •  | 15100 | 17760 |
| **Ayresome CDO I Ltd.** <br>7.330% due 12/08/2045 •  | $2515 | 593 |
| **Bain Capital Credit CLO Ltd.** <br>5.007% due 04/22/2035 •  | 24800 | 24804 |
| **BHG Securitization Trust** <br>4.840% due 09/17/2036 | 3491 | 3529 |
| **BlueMountain CLO XXII Ltd.** <br>5.246% due 07/15/2031 •  | 3017 | 3019 |
| **BlueMountain Fuji EUR CLO V DAC** <br>2.919% due 01/15/2033 •  | 8202 | 9648 |
| **C-BASS CBO XII Ltd.** <br>7.090% due 12/15/2034 •  | $10528 | 713 |
| **C-BASS CBO XV Ltd.** <br>7.270% due 02/16/2041 ^•  | 128899 | 2020 |
| **Capital Four U.S. CLO II Ltd.** <br>5.784% due 01/20/2037 •  | 8700 | 8764 |
| **Capital Street Master Trust**  |  |  |
| 5.324% due 10/16/2028 •  | 14300 | 14306 |
| 5.574% due 10/16/2028 •  | 1100 | 1101 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.126% due 07/20/2031 •  | 2055 | 2058 |
| **Castlelake Aircraft Securitization Trust** <br>4.125% due 06/15/2043 | 797 | 789 |
| **College Avenue Student Loans LLC**  |  |  |
| 4.130% due 12/26/2047  | 892 | 882 |
| 5.046% due 12/26/2047 •  | 660 | 661 |
| 5.496% due 11/26/2046 •  | 260 | 262 |
| **Consumer Loan Finance**  |  |  |
| 0.000% due 11/25/2054 «  | 1590 | 813 |
| 5.150% due 11/25/2054  | 2157 | 2172 |
| 5.350% due 11/25/2054  | 6275 | 6398 |
| 5.450% due 11/25/2054  | 1541 | 1566 |
| 5.750% due 11/25/2054  | 771 | 780 |
| 6.600% due 11/25/2054  | 1017 | 1026 |
| 8.750% due 11/25/2054  | 575 | 582 |
| **Consumer Loan Finance Issuer Trust**  |  |  |
| 0.000% due 11/25/2054 «  | 906 | 476 |
| 5.150% due 11/25/2054  | 570 | 571 |
| 5.350% due 11/25/2054  | 3143 | 3208 |
| 5.450% due 11/25/2054  | 783 | 796 |
| 5.750% due 11/25/2054  | 391 | 397 |
| 6.600% due 11/25/2054  | 493 | 499 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.750% due 11/25/2054  | 295 | 299 |
| **Crossroads Asset Trust** <br>4.910% due 02/20/2032 | 1864 | 1879 |
| **DLLMT LLC** <br>5.080% due 02/22/2027 | 3345 | 3352 |
| **Elmwood CLO 15 Ltd.** <br>5.007% due 04/22/2035 •  | 7300 | 7301 |
| **Foundation Finance Trust** <br>4.670% due 04/15/2052 | 3256 | 3276 |
| **GoodLeap Home Improvement Solutions Trust** <br>5.320% due 06/20/2049 | 10561 | 10684 |
| **GreenSky Home Improvement Issuer Trust**  |  |  |
| 4.520% due 12/27/2060  | 9500 | 9529 |
| 4.590% due 12/27/2060  | 4200 | 4219 |
| 4.890% due 06/25/2060  | 5018 | 5059 |
| 4.930% due 06/25/2060  | 4055 | 4071 |
| 5.020% due 06/25/2060  | 3000 | 3047 |
| 5.250% due 10/27/2059  | 332 | 332 |
| **GreenSky Home Improvement Trust**  |  |  |
| 5.550% due 06/25/2059  | 400 | 411 |
| 5.880% due 06/25/2059  | 252 | 253 |
| **Guggenheim CLO Ltd.** <br>5.055% due 01/15/2035 •  | 12200 | 12185 |
| **Henley CLO VII DAC** <br>3.055% due 04/25/2034 •  | 10519 | 12373 |
| **Hildene TruPS Securitization Ltd.** <br>5.899% due 05/22/2039 •  | $31877 | 31877 |
| **Invesco Euro CLO III DAC** <br>3.184% due 10/30/2038 •  | 11800 | 13872 |
| **John Deere Owner Trust** <br>4.360% due 08/16/2027 | $18708 | 18726 |
| **KKR CLO 21 Ltd.** <br>5.166% due 04/15/2031 •  | 316 | 316 |
| **LCM 31 Ltd.** <br>5.164% due 07/20/2034 •  | 2500 | 2504 |
| **LCM Loan Income Fund I Ltd.** <br>5.176% due 04/20/2031 •  | 1393 | 1394 |
| **LendingPoint Pass-Through Trust** <br>5.700% due 07/15/2029 | 294 | 293 |
| **M&T Equipment Notes** <br>4.990% due 08/18/2031 | 5542 | 5561 |
| **Marlette Funding Trust** <br>7.130% due 12/15/2033 | 1986 | 2005 |
| **METAL LLC** <br>4.581% due 10/15/2042 | 2286 | 1600 |
| **Navient Education Loan Trust** <br>5.020% due 07/15/2055 | 7053 | 7137 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.170% due 09/16/2069  | 1516 | 1431 |
| 1.330% due 04/15/2069  | 2286 | 2141 |
| 2.600% due 08/15/2068  | 1386 | 1343 |
| **Navient Refinance Loan Trust** <br>5.150% due 02/16/2055 | 3954 | 4013 |
| **Navient Student Loan Trust**  |  |  |
| 4.889% due 08/26/2069 •  | 2695 | 2721 |
| 5.684% due 03/15/2072 •  | 6326 | 6387 |
| 7.230% due 03/15/2072  | 6300 | 6834 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.670% due 06/22/2065  | 42335 | 42225 |
| 4.840% due 05/17/2055  | 37428 | 37589 |
| 6.640% due 02/20/2041  | 2505 | 2610 |
| **Newark BSL CLO 2 Ltd.** <br>5.090% due 07/25/2030 •  | 362 | 363 |
| **OCP Euro CLO DAC** <br>3.244% due 07/20/2036 •  | 14700 | 17290 |
| **Octagon Investment Partners 18-R Ltd.** <br>5.115% due 04/16/2031 •  | $1027 | 1027 |
| **OneMain Financial Issuance Trust**  |  |  |
| 1.750% due 09/14/2035  | 1919 | 1890 |
| 4.890% due 10/14/2034  | 4888 | 4892 |
| 5.484% due 09/15/2036 •  | 4400 | 4441 |
| **Oportun Issuance Trust** <br>5.010% due 02/08/2033 | 4300 | 4300 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 4.865% due 10/15/2032  | 11155 | 11197 |
| 5.108% due 03/15/2033  | 2300 | 2315 |
| **Pagaya AI Debt Grantor Trust & Pagaya AI Debt Trust** <br>6.093% due 11/15/2031 | 972 | 977 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 5500 | 5549 |
| 6.258% due 10/15/2031  | 2468 | 2476 |
| 6.319% due 08/15/2031  | 1078 | 1082 |
| **Project Panama SPV LLC** <br>7.819% due 01/03/2029 « | 10236 | 10300 |
| **RCKT Trust**  |  |  |
| 4.480% due 11/27/2034  | 2279 | 2282 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.900% due 07/25/2034  | 1226 | 1229 |
| **Reach ABS Trust**  |  |  |
| 4.930% due 08/18/2032  | 11780 | 11830 |
| 4.960% due 08/16/2032  | 2617 | 2625 |
| **Regional Management Issuance Trust** <br>5.830% due 07/15/2036 | 2400 | 2448 |
| **Romark Credit Funding III Ltd.** <br>5.539% due 09/15/2042 | 6750 | 6774 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 22000 | 22138 |
| **SLM Student Loan Trust** <br>4.789% due 01/25/2075 •  | 29760 | 29804 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 02/16/2055 «  | 3 | 3087 |
| 0.000% due 03/15/2055 «  | 3 | 44 |
| 3.940% due 02/16/2055  | 12509 | 12260 |
| 4.550% due 02/16/2055  | 6066 | 5959 |
| 4.780% due 03/15/2055  | 2600 | 2576 |
| 4.950% due 02/16/2055  | 1839 | 1816 |
| 4.960% due 03/15/2055  | 53185 | 53618 |
| 5.020% due 03/17/2053  | 17203 | 17358 |
| 5.074% due 07/15/2053 •  | 21357 | 21216 |
| 5.090% due 10/16/2056  | 3529 | 3588 |
| 5.100% due 03/15/2055  | 2600 | 2621 |
| 5.184% due 03/15/2055 •  | 5888 | 5899 |
| 5.240% due 03/15/2056  | 10461 | 10655 |
| 5.260% due 03/15/2055  | 5200 | 5049 |
| 5.380% due 07/15/2053  | 5195 | 5308 |
| 5.434% due 02/16/2055 •  | 12509 | 12636 |
| 5.500% due 06/17/2052  | 11493 | 11807 |
| 5.784% due 10/16/2056 •  | 2695 | 2753 |
| 5.950% due 02/16/2055  | 1846 | 1873 |
| **SoFi Consumer Loan Program Trust**  |  |  |
| 0.000% due 03/27/2034 «  | 4824 | 6331 |
| 0.010% due 06/15/2034 «  | 13552 | 16890 |
| 0.010% due 10/25/2034 «  | 4364 | 6191 |
| 4.190% due 10/25/2034  | 31235 | 31266 |
| 4.470% due 08/15/2034  | 6910 | 6932 |
| 4.530% due 10/25/2034  | 3787 | 3780 |
| 4.620% due 06/15/2034  | 68895 | 69181 |
| 4.800% due 02/27/2034  | 3530 | 3544 |
| 4.820% due 06/25/2034  | 26221 | 26379 |
| 4.900% due 10/25/2034  | 2942 | 2939 |
| 4.910% due 03/27/2034  | 20780 | 20889 |
| 4.970% due 06/15/2034  | 9700 | 9789 |
| 5.190% due 06/15/2034  | 7600 | 7669 |
| 5.200% due 10/25/2034  | 2170 | 2175 |
| 5.250% due 03/27/2034  | 3796 | 3843 |
| 5.590% due 06/15/2034  | 5600 | 5665 |
| 5.770% due 03/27/2034  | 2944 | 2988 |
| 6.260% due 03/27/2034  | 2177 | 2212 |
| **TIAA CLO IV Ltd.** <br>5.024% due 01/20/2032 •  | 2181 | 2182 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 13000 | 15289 |
| **Upstart Pass-Through Trust**  |  |  |
| 4.300% due 05/20/2030  | $366 | 366 |
| 7.900% due 10/20/2028  | 893 | 903 |
| **Upstart Securitization Trust**  |  |  |
| 4.600% due 09/20/2035  | 6000 | 6015 |
| 5.020% due 09/20/2035  | 1100 | 1097 |
| **UPX HIL Issuer Trust** <br>5.160% due 01/25/2047 | 1736 | 1751 |
| **Venture XIX CLO Ltd.** <br>5.426% due 01/15/2032 •  | 596 | 597 |
| **Volvo Financial Equipment LLC** <br>4.560% due 05/17/2027 | 8127 | 8140 |
| **WATR I Issuer Trust**  |  |  |
| 0.010% due 06/17/2050 «  | 3617 | 6463 |
| 0.010% due 09/16/2050 «  | 4148 | 7574 |
| 4.790% due 09/16/2050 «  | 26185 | 26205 |
| 5.040% due 09/16/2050 «  | 7399 | 7410 |
| 5.240% due 09/16/2050 «  | 4900 | 4907 |
| 5.250% due 06/17/2050 «  | 22732 | 23014 |
| 5.560% due 06/17/2050 «  | 5300 | 5389 |
| 5.810% due 06/17/2050 «  | 3300 | 3360 |
| 6.160% due 09/16/2050 «  | 5100 | 5104 |
| 6.770% due 06/17/2050 «  | 5800 | 5910 |
|  |  | 1145597 |
| Total Asset-Backed Securities (Cost $2,830,270) |  | 2824154 |
| **SOVEREIGN ISSUES 7.7%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 2096 | 1356 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.125% due 07/09/2035 þ  | 2486 | 1766 |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 6206 | 5303 |
| 1.000% due 07/09/2029  | 892 | 797 |
| 3.500% due 07/09/2041 þ  | 9847 | 6834 |
| 4.125% due 07/09/2035 þ  | 38297 | 28570 |
| 4.125% due 07/09/2046 þ  | 110 | 78 |
| 5.000% due 01/09/2038 þ  | 10711 | 8344 |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 5.000% due 03/01/2035  | 505000 | 547 |
| 6.000% due 04/01/2033  | 1450000 | 1674 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 04/01/2026 (g)  | 1055300 | 186293 |
| 0.000% due 07/01/2026 (g)  | 1285300 | 219704 |
| **Colombia Government International Bonds** <br>3.750% due 09/19/2028 | 16500 | 19250 |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 13250 | 15967 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $75700 | 77202 |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 1479900 | 31069 |
| **Hungary Government International Bonds** <br>5.375% due 09/26/2030 | $12000 | 12333 |
| **Israel Government International Bonds** <br>5.375% due 02/19/2030 | 57300 | 59338 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.100% due 09/20/2054  | 760900 | 3726 |
| 2.300% due 12/20/2054  | 868000 | 4451 |
| 2.400% due 03/20/2055  | 317000 | 1663 |
| 3.200% due 09/20/2055  | 4692800 | 29052 |
| **Japan Government Twenty Year Bonds** <br>2.400% due 03/20/2045 | 1222000 | 7222 |
| **Kuwait International Government Bonds** <br>4.016% due 10/09/2028 | $75200 | 75395 |
| **Mexico Bonos**  |  |  |
| 7.500% due 05/26/2033  | 27000 | 1395 |
| 7.750% due 05/29/2031  | 382500 | 20489 |
| 7.750% due 11/23/2034  | 249500 | 12870 |
| 8.500% due 03/01/2029  | 617200 | 34608 |
| 8.500% due 05/31/2029  | 163300 | 9156 |
| **Mexico Government International Bonds** <br>3.500% due 09/19/2029 | 25300 | 29664 |
| **Mexico Udibonos**  |  |  |
| 3.000% due 12/03/2026 (i)  | 2167 | 120 |
| 4.000% due 11/30/2028 (i)  | 8406 | 465 |
| 4.000% due 08/24/2034 (i)  | 329 | 17 |
| **Peru Government Bonds**  |  |  |
| 7.300% due 08/12/2033  | 134100 | 45528 |
| 7.600% due 08/12/2039  | 44900 | 14609 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 10974 | 3258 |
| 6.150% due 08/12/2032  | 125800 | 40390 |
| 6.900% due 08/12/2037  | 41525 | 12932 |
| 6.950% due 08/12/2031  | 90402 | 29902 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 572900 | 33846 |
| 8.000% due 01/31/2030  | 80800 | 4990 |
| 8.500% due 01/31/2037  | 246200 | 14780 |
| 8.875% due 02/28/2035 (m)  | 686600 | 43269 |
| 9.000% due 01/31/2040  | 55000 | 3334 |
| **Romania Government International Bonds**  |  |  |
| 2.000% due 04/14/2033  | 3800 | 3634 |
| 3.750% due 02/07/2034  | 6330 | 6708 |
| 5.250% due 03/10/2030  | 31300 | 38494 |
| 5.250% due 05/30/2032  | 10700 | 12864 |
| 5.375% due 03/22/2031  | 8760 | 10724 |
| 5.375% due 06/07/2033  | 11800 | 14018 |
| 5.500% due 09/18/2028  | 1700 | 2115 |
| 5.875% due 07/11/2032  | 25900 | 31767 |
| **Russia Foreign Bonds - Eurobond**  |  |  |
| 5.250% due 06/23/2047 «  | $12400 | 0 |
| 5.625% due 04/04/2042  | 3400 | 2380 |
| 5.875% due 09/16/2043  | 1800 | 1232 |
| **Turkiye Government Bonds**  |  |  |
| 38.324% (BISTREFI + 0.000%) due 09/06/2028 ~  | 50100 | 1166 |
| 39.431% (BISTREFI + 0.000%) due 05/20/2026 ~  | 4600 | 108 |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 3400 | 80 |
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 778800 | 18129 |
| **Turkiye Government International Bonds**  |  |  |
| 5.250% due 03/13/2030  | $12600 | 12548 |
| 6.125% due 10/24/2028  | 2500 | 2587 |
| 7.625% due 04/26/2029  | 7700 | 8297 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(h)  | 45 | 27 |
| 0.000% due 02/01/2034 þ(h)  | 167 | 80 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.000% due 02/01/2035 þ(h)  | 141 | 81 |
| 0.000% due 02/01/2036 þ(h)  | 118 | 67 |
| 4.500% due 02/01/2034 þ  | 246 | 151 |
| 4.500% due 02/01/2035 þ  | 328 | 197 |
| 4.500% due 02/01/2036 þ  | 246 | 145 |
| **Venezuela Government International Bonds**  |  |  |
| 6.000% due 06/25/2035 ^(d)  | 408 | 109 |
| 7.000% due 03/31/2038 ^(d)  | 124 | 37 |
| 7.650% due 04/21/2035 ^(d)  | 3123 | 887 |
| 9.250% due 09/15/2027 ^(d)  | 729 | 243 |
| 9.250% due 05/07/2028 ^(d)  | 2886 | 921 |
| 11.750% due 10/21/2026 ^(d)  | 130 | 43 |
| 11.950% due 08/05/2031 ^(d)  | 6600 | 2171 |
| 12.750% due 08/23/2032 ^(d)  | 930 | 294 |
| Total Sovereign Issues (Cost $1,252,670) |  | 1325860 |
|  | SHARES |  |
| **COMMON STOCKS 0.2%**  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |
| **Clear Channel Outdoor Holdings, Inc. (e)** | 2065869 | 4566 |
| **iHeartMedia, Inc. Class A (e)** | 487321 | 2027 |
| **iHeartMedia, Inc. Class B «(e)** | 378169 | 1384 |
| **SES SA «(e)** | 372608 | 5791 |
| **Uniti Group, Inc. (e)** | 2270 | 16 |
|  |  | 13784 |
| **FINANCIALS 0.0%**  |  |  |
| **Hipotecaria Su Casita SA «(e)** | 345787 | 0 |
| **UBS Group AG** | 17485 | 807 |
| **Unity Bancorp, Inc. «(e)** | 6582 | 44 |
| **XBP Global Holdings, Inc. (e)** | 704 | 5 |
|  |  | 856 |
| **HEALTH CARE 0.1%**  |  |  |
| **AmSurg Corp. «(e)(k)** | 317945 | 14280 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Drillco Holdings Luxembourg SA «(k)** | 23705 | 535 |
| **Foresea Holdings SA «** | 7901 | 178 |
| **Luxco Co. Ltd. «(e)(k)** | 75646 | 1335 |
| **Westmoreland Mining Holdings «(e)(k)** | 2910 | 2 |
| **Westmoreland Mining LLC «(e)(k)** | 2936 | 8 |
|  |  | 2058 |
| **REAL ESTATE 0.0%**  |  |  |
| **Country Garden Holdings Co. Ltd.** | 15000 | 0 |
| Total Common Stocks (Cost $45,791) |  | 30978 |
| **WARRANTS 0.0%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **Windstream Holdings II LLC - Exp. 08/01/2035 «** | 1282 | 9 |
| Total Warrants (Cost $8) |  | 9 |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Windstream Holdings II LLC** « | 42 | 42 |
| Total Preferred Securities (Cost $42) |  | 42 |
| **SHORT-TERM INSTRUMENTS 15.2%**  |  |  |
| **COMMERCIAL PAPER 0.5%**  |  |  |
| **Crown Castle, Inc.**  |  |  |
| 4.150% due 01/20/2026  | $47300 | 47190 |
| 4.150% due 01/21/2026  | 9700 | 9676 |
| **HCA, Inc.**  |  |  |
| 4.300% due 01/07/2026  | 17800 | 17786 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.300% due 01/13/2026  | 10700 | 10685 |
|  |  | 85337 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (j) | 1036599 | 1037 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (l) 13.7%** |  | 2360799 |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **Pagaya AI Debt Trust**<br>4.858% due 06/15/2026 | $2481 | 2482 |
| **Westlake Automobile Receivables Trust**<br>4.642% due 07/15/2026 | 7193 | 7196 |
|  |  | 9678 |
| **NIGERIA TREASURY BILLS 0.3%**  |  |  |
| 31.842% due 06/11/2026 - 06/29/2026 (f)(g) | 65314142 | 41153 |
| **SOUTH AFRICA TREASURY BILLS 0.6%**  |  |  |
| 7.341% due 04/22/2026 - 11/18/2026 (f)(g) | 1854030 | 108211 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.702% due 01/27/2026 - 04/21/2026 (f)(g)(q) | $4970 | 4927 |
| Total Short-Term Instruments (Cost $2,598,885) |  | 2611142 |
| Total Investments in Securities (Cost $23,834,367) |  | 23689537 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 21.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 21.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 21.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 381006437 | 3711384 |
| Total Short-Term Instruments (Cost $3,709,998) |  | 3711384 |
| Total Investments in Affiliates (Cost $3,709,998) |  | 3711384 |
| Total Investments 159.6% (Cost $27,544,365) |  | $27400921 |
| **Financial Derivative Instruments (n)(p) 0.2**%(Cost or Premiums, net $91,397) |  | 34879 |
| Other Assets and Liabilities, net (59.8)% |  | (10265234) |
| Net Assets 100.0% |  | $17170566 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 7 | 26 | 53 | 101 | 141 | 157 | 188 | 212 |
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(d)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(e)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(f)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(g)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(h)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(i)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(j)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(k)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | Alfa-Bank CJSC 6.330% due 10/21/2026 | 10/27/2025 | 2481 | 2481 | 2481 | 0.01% |
| AmSurg Corp. | AmSurg Corp. | AmSurg Corp. | AmSurg Corp. | 11/02/2023 - 11/06/2023 | 13286 | 13286 | 14280 | 0.08 |
| CIFI Holdings Group Co. Ltd.0.000% due 06/30/2029 | CIFI Holdings Group Co. Ltd.0.000% due 06/30/2029 | CIFI Holdings Group Co. Ltd.0.000% due 06/30/2029 | CIFI Holdings Group Co. Ltd.0.000% due 06/30/2029 | 12/29/2025 | 108 | 108 | 107 | 0.00 |
| Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 | Dorchester LLC 4.349% due 01/04/2027 | 12/10/2025 | 7016 | 7016 | 7051 | 0.04 |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | 06/08/2023 | 474 | 474 | 535 | 0.00 |
| Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | 03/11/2025 | 3100 | 3100 | 3134 | 0.02 |
| Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | 03/11/2025 | 2000 | 2000 | 2034 | 0.01 |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | 10/01/2025 | 1332 | 1332 | 1335 | 0.01 |
| National Football League 4.780% due 10/05/2030 | National Football League 4.780% due 10/05/2030 | National Football League 4.780% due 10/05/2030 | National Football League 4.780% due 10/05/2030 | 03/14/2024 | 10600 | 10600 | 10780 | 0.06 |
| National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | 03/14/2024 | 18600 | 18600 | 19027 | 0.11 |
| Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | Pantheon Senior Debt Secondaries III 6.026% due 03/26/2026 | 03/18/2025 | 3800 | 3800 | 3800 | 0.02 |
| Prime Property Fund LLC 5.250% due 09/30/2029 | Prime Property Fund LLC 5.250% due 09/30/2029 | Prime Property Fund LLC 5.250% due 09/30/2029 | Prime Property Fund LLC 5.250% due 09/30/2029 | 09/17/2024 | 12400 | 12400 | 12451 | 0.07 |
| Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | Project Alpha Investindustrial 4.150% due 02/27/2026 | 02/28/2025 | 2255 | 2255 | 2554 | 0.01 |
| SRT Issuer II LLC 0.000% due 12/02/2031 | SRT Issuer II LLC 0.000% due 12/02/2031 | SRT Issuer II LLC 0.000% due 12/02/2031 | SRT Issuer II LLC 0.000% due 12/02/2031 | 02/28/2025 | 20018 | 20018 | 20018 | 0.12 |
| VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 | VB DPR Finance Co.6.833% due 03/15/2035 | 01/31/2025 | 20000 | 20000 | 21485 | 0.13 |
| Westmoreland Mining Holdings | Westmoreland Mining Holdings | Westmoreland Mining Holdings | Westmoreland Mining Holdings | 03/26/2019 | 9 | 9 | 2 | 0.00 |
| Westmoreland Mining LLC | Westmoreland Mining LLC | Westmoreland Mining LLC | Westmoreland Mining LLC | 06/30/2023 | 19 | 19 | 8 | 0.00 |
|  |  |  |  |  | 117498 | 117498 | 121082 | 0.71%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(l)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.750%  | 01/02/2026 | $15200 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% due 08/15/2030 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% due 08/15/2030 | $(15492) | $15200 | $15203 |
|  | 3.790  | 01/05/2026 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 02/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 02/15/2031 | (102001) | 100000 | 100000 |
|  | 3.870  | 01/02/2026 | 223800 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 06/30/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 06/30/2028 | (228189) | 223800 | 223848 |
| BRC | 6.800  | 01/09/2026 | 728110 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (64944) | 43968 | 44198 |
|  | 6.800  | TBD<sup>(2)</sup> | 701047 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (64944) | 42334 | 42334 |
| FICC STR | 3.820  | 01/02/2026 | $48500 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.375% due 12/31/2029 - 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.375% due 12/31/2029 - 09/30/2032 | (49470) | 48500 | 48510 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 7 | 14 | 26 | 43 | 46 | 48 | 67 | 84 | 96 | 117 | 119 | 131 | 143 | 147 | 156 | 161 | 173 | 182 | 188 | 196 | 202 | 212 |
| TOR | TOR | 2.200  | 12/29/2025 | 01/02/2026 | CAD | CAD | CAD | 140000 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 | &nbsp;&nbsp; Province of Alberta 2.850% - 4.200% due 12/01/2048 - 12/01/2057 |  | (103784) | (103784) |  | 102000 | 102000 | 102000 | 102024 |
|  |  | 2.200  | 12/31/2025 | 01/02/2026 |  |  |  | 30000 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Alberta 4.400% due 12/01/2055 |  | (22310) | (22310) |  | 21857 | 21857 | 21857 | 21860 |
|  |  | 2.200  | 12/17/2025 | 01/14/2026 |  |  |  | 1000000 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 | &nbsp;&nbsp; Province of British Columbia Canada 4.250% due 12/18/2053 |  | (21787) | (21787) |  | 743142 | 743142 | 743142 | 743845 |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 | &nbsp;&nbsp; Province of Nova Scotia 2.704% due 05/09/2029 |  | (14906) | (14906) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 |  | (317056) | (317056) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.500% - 4.450% due 09/01/2034 - 12/01/2057 |  | (391374) | (391374) |  |  |  |  |  |
|  |  | 2.210  | 12/24/2025 | 01/13/2026 |  |  |  | 500000 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 | &nbsp;&nbsp; Province of Alberta 2.050% due 06/01/2030 |  | (70673) | (70673) |  | 364285 | 364285 | 364285 | 364484 |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 | &nbsp;&nbsp; Province of British Columbia 4.600% - 5.620% due 08/17/2028 - 06/18/2057 |  | (59698) | (59698) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 | &nbsp;&nbsp; Province of Manitoba 3.400% due 09/05/2048 |  | (22438) | (22438) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 | &nbsp;&nbsp; Province of Quebec 3.100% - 4.200% due 09/01/2034 - 12/01/2057 |  | (219971) | (219971) |  |  |  |  |  |
|  |  | 2.210 | 01/02/2026 | 01/30/2026 |  |  |  | 400000 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 | &nbsp;&nbsp; Province of British Columbia Canada 4.300% due 06/18/2042 |  | (48268) | (48268) |  | 291428 | 291428 | 291428 | 291428 |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 5.750% due 12/01/2036 - 12/01/2053 |  | (222317) | (222317) |  |  |  |  |  |
|  |  | 2.220  | 12/22/2025 | 01/20/2026 |  |  |  | 500000 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.050% - 4.150% due 06/01/2033 - 06/01/2050 |  | (359357) | (359357) |  | 364285 | 364285 | 364285 | 364529 |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 | &nbsp;&nbsp; Province of Manitoba 4.600% due 09/05/2057 |  | (7541) | (7541) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 | &nbsp;&nbsp; Province of Saskatchewan 4.050% due 08/14/2034 |  | (7506) | (7506) |  |  |  |  |  |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  |  | **$** | **(2414026)** | **(2414026)** | **(2414026)** | **$** | **2360799** | **2360799** | **$** | **2362263** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Counterparty | Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BRC | BRC | BRC | BRC | BRC | BRC | BRC | 6.700%  | 6.700%  | 12/05/2025 | 12/05/2025 | 01/09/2026 | 01/09/2026 | 01/09/2026 | 01/09/2026 | ZAR | (728110) | (728110) | (728110) | (728110) | (728110) | $(44191) | (44191) | (44191) |
|  |  |  |  |  |  |  | 6.700  | 6.700  | 01/09/2026 | 01/09/2026 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> |  | (706885) | (706885) | (706885) | (706885) | (706885) | (42686) | (42686) | (42686) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $**(86877)** | **(86877)** | **(86877)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Proceeds |  | Payable for<br>Short Sales |
| U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% | U.S. Government Agencies (3.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 6.500% | 01/01/2056 | 01/01/2056 | $ | 1300 | 1300 | 1300 | $ | $(1337) | (1337) | (1337) | $ | $(1344) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 1.500 | 01/01/2056 | 01/01/2056 |  | 3650 | 3650 | 3650 |  | (2817) | (2817) | (2817) |  | (2816) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2041 | 01/01/2041 |  | 17200 | 17200 | 17200 |  | (15866) | (15866) | (15866) |  | (15929) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2056 | 01/01/2056 |  | 1200 | 1200 | 1200 |  | (974) | (974) | (974) |  | (970) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 01/01/2056 | 01/01/2056 |  | 34320 | 34320 | 34320 |  | (29143) | (29143) | (29143) |  | (29019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 02/01/2056 | 02/01/2056 |  | 358680 | 358680 | 358680 |  | (303491) | (303491) | (303491) |  | (303225) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 6.000 | 01/01/2056 | 01/01/2056 |  | 239700 | 239700 | 239700 |  | (245412) | (245412) | (245412) |  | (246144) |
| **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** | **Total Short Sales (3.5)%** |  |  |  |  |  |  |  | **$** | $**(599040)** | **(599040)** | **(599040)** | **$** | $**(599447)** |
| **(m)** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $43,269 and cash of $2,820 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(1987) at a weighted average interest rate of 1.632%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  |  | Liability |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 1497 | 1497 | $109377 | 109377 | 109377 | $178 | 178 | 178 | 178 | 178 | 124 | 124 | 124 | $ | $ | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 3119 | 3119 | 384143 | 384143 | 384143 | 2823 | 2823 | 2823 | 2823 | 2823 | 673 | 673 | 673 |  |  | (294) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 13842 | 13842 | 1512995 | 1512995 | 1512995 | (1646) | (1646) | (1646) | (1646) | (1646) | 0 | 0 | 0 |  |  | (1622) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 14216 | 14216 | 1598412 | 1598412 | 1598412 | (2501) | (2501) | (2501) | (2501) | (2501) | 0 | 0 | 0 |  |  | (2888) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 762 | 762 | 89916 | 89916 | 89916 | (750) | (750) | (750) | (750) | (750) | 0 | 0 | 0 |  |  | (286) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (1896) | (1896) | (1896) | (1896) | $ | 797 | 797 | 797 | $ | $ | (5090) |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 15 | 25 | 41 | 46 | 61 | 65 | 75 | 86 | 99 | 131 | 150 | 161 | 175 | 184 | 194 | 212 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 03/2026 | 03/2026 | 227 | $ | (54657) | $870 | 870 | 870 | 0 | 0 | 0 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 06/2026 | 06/2026 | 214 |  | (51619) | 714 | 714 | 714 | 6 | 6 | 6 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 03/2026 | 577 |  | (78767) | 584 | 584 | 584 | 54 | 54 | 54 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 1717 |  | (257413) | 3434 | 3434 | 3434 | 464 | 464 | 464 | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 4 |  | (518) | 8 | 8 | 8 | 2 | 2 | 2 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 03/2026 | 4 |  | (502) | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 3075 |  | (355451) | 2755 | 2755 | 2755 | 673 | 673 | 673 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 1319 |  | (151706) | 453 | 453 | 453 | 247 | 247 | 247 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 8819 | 8819 | $ | 1446 | 1446 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**6923** | **6923** | **6923** | **2243** | **2243** | **2243** | **(5090)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Ford Motor Co.  | (5.000)% | Quarterly | 06/20/2026 | 0.432 | 0.432 | % | $ | $700 | 700 | $(39) | 23 | $(16) | (16) | (16) | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Airbus Finance BV  | 1.000% | Quarterly | 06/20/2026 | 0.079 | 0.079 | % | EUR | 43900 | 43900 | $1199 | (959) | $240 | 240 | 240 | $3 | 3 | $0 |
| AT&T, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.246 | 0.246 |  | $ | $4600 | 4600 | 76 | (58) | 18 | 18 | 18 | 0 | 0 | 0 |
| AT&T, Inc.  | 1.000 | Quarterly | 06/20/2028 | 0.414 | 0.414 |  |  | 7100 | 7100 | (37) | 138 | 101 | 101 | 101 | 0 | 0 | (2) |
| Boeing Co.  | 1.000 | Quarterly | 12/20/2030 | 0.651 | 0.651 |  |  | 2600 | 2600 | 43 | (1) | 42 | 42 | 42 | 1 | 1 | 0 |
| Ford Motor Co.  | 5.000 | Quarterly | 12/20/2028 | 1.093 | 1.093 |  |  | 800 | 800 | 114 | (25) | 89 | 89 | 89 | 0 | 0 | 0 |
| Ford Motor Credit Co. LLC  | 5.000 | Quarterly | 06/20/2027 | 0.778 | 0.778 |  |  | 7200 | 7200 | 306 | 141 | 447 | 447 | 447 | 0 | 0 | (1) |
| General Electric Co.  | 1.000 | Quarterly | 06/20/2026 | 0.051 | 0.051 |  |  | 16000 | 16000 | 100 | (24) | 76 | 76 | 76 | 1 | 1 | 0 |
| General Electric Co.  | 1.000 | Quarterly | 12/20/2026 | 0.064 | 0.064 |  |  | 3300 | 3300 | 37 | (6) | 31 | 31 | 31 | 0 | 0 | 0 |
| Goldman Sachs Group, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.252 | 0.252 |  |  | 16500 | 16500 | 103 | (40) | 63 | 63 | 63 | 1 | 1 | 0 |
| Morgan Stanley  | 1.000 | Quarterly | 06/20/2026 | 0.226 | 0.226 |  |  | 21800 | 21800 | 85 | 1 | 86 | 86 | 86 | 1 | 1 | 0 |
| Oracle Corp.  | 1.000 | Quarterly | 06/20/2030 | 1.367 | 1.367 |  |  | 9900 | 9900 | 217 | (360) | (143) | (143) | (143) | 0 | 0 | (1) |
| Rolls-Royce PLC  | 1.000 | Quarterly | 06/20/2026 | 0.088 | 0.088 |  | EUR | 4600 | 4600 | (439) | 464 | 25 | 25 | 25 | 0 | 0 | 0 |
| Rolls-Royce PLC  | 1.000 | Quarterly | 12/20/2026 | 0.109 | 0.109 |  |  | 12500 | 12500 | (581) | 712 | 131 | 131 | 131 | 1 | 1 | 0 |
| Rolls-Royce PLC  | 1.000 | Quarterly | 06/20/2027 | 0.142 | 0.142 |  |  | 3500 | 3500 | (255) | 308 | 53 | 53 | 53 | 0 | 0 | (1) |
| Verizon Communications, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.226 | 0.226 |  | $ | $2100 | 2100 | 48 | (40) | 8 | 8 | 8 | 0 | 0 | 0 |
| Verizon Communications, Inc.  | 1.000 | Quarterly | 12/20/2026 | 0.287 | 0.287 |  |  | 20900 | 20900 | 492 | (343) | 149 | 149 | 149 | 1 | 1 | 0 |
| Verizon Communications, Inc.  | 1.000 | Quarterly | 06/20/2028 | 0.392 | 0.392 |  |  | 7600 | 7600 | (5) | 117 | 112 | 112 | 112 | 0 | 0 | 0 |
| Verizon Communications, Inc.  | 1.000 | Quarterly | 12/20/2028 | 0.425 | 0.425 |  |  | 1900 | 1900 | (5) | 36 | 31 | 31 | 31 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $1498 | 61 | $1559 | 1559 | 1559 | $9 | 9 | $(5) |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 13 | 18 | 21 | 27 | 38 | 42 | 90 | 113 | 142 | 151 | 175 | 199 | 213 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 92 | (3) | 3 | 0 | 0 | 0 | 0 |
| CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 73416 | (2805) | 3251 | 446 | 446 | 0 | (4) |
| CDX.EM-37 5-Year Index  | CDX.EM-37 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 980 | (81) | 88 | 7 | 7 | 0 | (1) |
| CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 9400 | (766) | 843 | 77 | 77 | 0 | (4) |
| CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 1400 | (95) | 106 | 11 | 11 | 0 | 0 |
| CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 22600 | (1028) | 1165 | 137 | 137 | 0 | (5) |
| CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 7200 | (247) | 272 | 25 | 25 | 0 | 0 |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 10300 | (299) | 307 | 8 | 8 | 1 | 0 |
| CDX.EM-43 5-Year Index  | CDX.EM-43 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 800 | (29) | 25 | (4) | (4) | 0 | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 6400 | (139) | 72 | (67) | (67) | 2 | 0 |
| CDX.HY-36 5-Year Index  | CDX.HY-36 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 36672 | 3202 | (2602) | 600 | 600 | 4 | 0 |
| CDX.HY-37 5-Year Index  | CDX.HY-37 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 2592 | 147 | (60) | 87 | 87 | 0 | (2) |
| CDX.HY-39 5-Year Index  | CDX.HY-39 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 970 | 0 | 57 | 57 | 57 | 0 | (1) |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 4900 | 230 | 166 | 396 | 396 | 0 | (2) |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 106200 | 8103 | 152 | 8255 | 8255 | 0 | (44) |
| CDX.IG-37 5-Year Index  | CDX.IG-37 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 300 | 7 | (4) | 3 | 3 | 0 | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 30000 | 386 | 296 | 682 | 682 | 0 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 139890 | 3149 | 61 | 3210 | 3210 | 2 | 0 |
|  |  |  |  |  |  |  |  | $ | $ | $ | 13930 | $ | $ | (63) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | Annual | Annual | 09/17/2030 | 333900 | (1439) | 3291 | $1852 | 1852 | 376 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.700 | 3.700 | Annual | Annual | 03/28/2034 | 6400 | (27) | 166 | 139 | 139 | 0 | (8) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 09/17/2035 | 2700 | 56 | (63) | (7) | (7) | 0 | (4) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | 09/17/2055 | 12350 | 584 | (726) | (142) | (142) | 0 | (33) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.176 | 0.176 | Annual | Annual | 04/27/2027 | 3740000 | 0 | (301) | (301) | (301) | 0 | (4) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.020 | 0.020 | Semi-Annual | Semi-Annual | 09/20/2028 | 19770000 | 361 | 4400 | 4761 | 4761 | 112 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 5.890 | 5.890 | Semi-Annual | Semi-Annual | 03/15/2029 | 52610000 | 5324 | 9899 | 15223 | 15223 | 355 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.700 | 0.700 | Annual | Annual | 09/18/2029 | 15440000 | 200 | 2209 | 2409 | 2409 | 113 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | 0.400 | Annual | Annual | 06/15/2032 | 6157600 | (19) | 2966 | 2947 | 2947 | 73 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 09/18/2034 | 7950000 | 453 | 2683 | 3136 | 3136 | 109 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | 06/18/2035 | 2576000 | (535) | 1308 | 773 | 773 | 35 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | 0.500 | Annual | Annual | 03/15/2042 | 3007000 | 873 | 3945 | 4818 | 4818 | 34 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.711 | 0.711 | Annual | Annual | 04/27/2042 | 908000 | 0 | 1291 | 1291 | 1291 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.600 | 1.600 | Annual | Annual | 01/16/2026 | 168200 | 2140 | 2490 | 4630 | 4630 | 24 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.300 | 2.300 | Annual | Annual | 01/17/2026 | 120800 | 26 | 2452 | 2478 | 2478 | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 06/20/2026 | 261800 | (1267) | 1178 | (89) | (89) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.590 | 2.590 | Annual | Annual | 07/23/2026 | 110700 | 1522 | (101) | 1421 | 1421 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.645 | 2.645 | Annual | Annual | 07/24/2026 | 169300 | 2421 | (345) | 2076 | 2076 | 23 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.243 | 2.243 | Annual | Annual | 08/07/2026 | 51400 | 694 | 120 | 814 | 814 | 9 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.425 | 1.425 | Semi-Annual | Semi-Annual | 01/18/2027 | 20500 | (35) | (490) | (525) | (525) | 0 | (8) |

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------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 72 | 100 | 126 | 151 | 185 | 213 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.418 | Semi-Annual | 01/20/2027 | 11000 | (11) | (274) | (285) | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.550 | Semi-Annual | 01/20/2027 | 41000 | (96) | (886) | (982) | 0 | (15) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.300 | Annual | 03/21/2027 | 337420 | (430) | 4087 | 3657 | 0 | (85) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.350 | Semi-Annual | 05/18/2027 | 1172300 | (2877) | 42869 | 39992 | 583 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2027 | 45790 | 1407 | 937 | 2344 | 23 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.850 | Annual | 08/30/2027 | 24500 | (123) | (177) | (300) | 0 | (12) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/07/2027 | 12600 | (65) | (35) | (100) | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/13/2027 | 2600 | (6) | (15) | (21) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2027 | 33150 | 2389 | (1541) | 848 | 20 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 03/10/2028 | 33200 | (71) | 272 | 201 | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.500 | Semi-Annual | 06/16/2028 | 38548 | (1416) | (1449) | (2865) | 0 | (34) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 36150 | 824 | (573) | 251 | 27 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.700 | Annual | 07/21/2028 | 14300 | (333) | 18 | (315) | 0 | (12) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.675 | Annual | 07/24/2028 | 14500 | (337) | 8 | (329) | 0 | (12) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.748 | Annual | 07/25/2028 | 21900 | (518) | 68 | (450) | 0 | (18) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.468 | Annual | 07/27/2028 | 14200 | (339) | (66) | (405) | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.510 | Annual | 11/30/2028 | 6860 | 0 | (31) | (31) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/30/2028 | 10170 | 0 | (47) | (47) | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 75380 | 1212 | (2086) | (874) | 70 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.100 | Semi-Annual | 02/01/2029 | 50700 | (216) | 4071 | 3855 | 60 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 02/22/2029 | 41600 | (100) | 699 | 599 | 0 | (42) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 02/27/2029 | 14200 | (33) | 255 | 222 | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 02/28/2029 | 29400 | (39) | 337 | 298 | 33 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2029 | 27740 | (899) | 154 | (745) | 30 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2029 | 106480 | 5107 | 4996 | 10103 | 134 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2029 | 33998 | 1916 | 341 | 2257 | 44 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 528460 | (3503) | (1702) | (5205) | 607 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/08/2029 | 12600 | (79) | (107) | (186) | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.100 | Annual | 09/09/2029 | 12500 | (78) | (82) | (160) | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.258 | Annual | 09/30/2029 | 892900 | (350) | 6090 | 5740 | 1179 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 885520 | (10562) | (1124) | (11686) | 1158 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2029 | 156890 | 14254 | (6046) | 8208 | 223 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 02/22/2030 | 34200 | (120) | (43) | (163) | 0 | (47) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.340 | Annual | 02/23/2030 | 28400 | (98) | (212) | (310) | 0 | (40) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 03/02/2030 | 12100 | (34) | 10 | (24) | 0 | (17) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.290 | Annual | 05/31/2030 | 69653 | 19 | 277 | 296 | 100 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 05/31/2030 | 169821 | 167 | 0 | 167 | 243 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 12040 | 70 | 83 | 153 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 140470 | 2384 | 1019 | 3403 | 212 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 08/22/2030 | 6900 | (22) | 120 | 98 | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 360180 | (5084) | 602 | (4482) | 561 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | 10/31/2030 | 11700 | 0 | (42) | (42) | 19 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.547 | Annual | 10/31/2030 | 25500 | 0 | (93) | (93) | 41 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 72 | 100 | 126 | 151 | 185 | 213 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 10/31/2030 | 23500 | 0 | (89) | (89) | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.572 | Annual | 10/31/2030 | 23400 | 0 | (113) | (113) | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 10/31/2030 | 42300 | 0 | (222) | (222) | 67 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 | 29400 | 0 | (173) | (173) | 47 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 | 52800 | 0 | (325) | (325) | 84 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.602 | Annual | 10/31/2030 | 52900 | 0 | (329) | (329) | 84 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.606 | Annual | 10/31/2030 | 23500 | 0 | (150) | (150) | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 | 23500 | 0 | (169) | (169) | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 | 15600 | 0 | (141) | (141) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 | 12500 | 0 | (121) | (121) | 20 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.687 | Annual | 10/31/2030 | 19700 | 0 | (199) | (199) | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 | 33000 | 0 | (337) | (337) | 52 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 | 25000 | 0 | (258) | (258) | 40 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.721 | Annual | 10/31/2030 | 15500 | 0 | (181) | (181) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 | 15600 | 0 | (183) | (183) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.727 | Annual | 10/31/2030 | 15600 | 0 | (187) | (187) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.732 | Annual | 10/31/2030 | 10400 | 0 | (127) | (127) | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 15600 | 0 | (193) | (193) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 15600 | 0 | (195) | (195) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.749 | Annual | 10/31/2030 | 15600 | 0 | (203) | (203) | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 156740 | (2254) | 182 | (2072) | 254 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 | 140650 | 4757 | (5015) | (258) | 228 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 23330 | (72) | 32 | (40) | 38 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2031 | 30940 | (1420) | 298 | (1122) | 52 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | 04/30/2031 | 6820 | 0 | 97 | 97 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | 04/30/2031 | 11400 | 0 | 95 | 95 | 19 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 93822 | (6926) | (7266) | (14192) | 0 | (166) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 297960 | (3074) | 69 | (3005) | 511 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/30/2031 | 20980 | 2 | 308 | 310 | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.470 | Semi-Annual | 07/15/2031 | 13400 | (54) | 1641 | 1587 | 24 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.405 | Semi-Annual | 09/07/2031 | 16700 | (72) | 2093 | 2021 | 30 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 10/05/2031 | 10800 | (24) | (1341) | (1365) | 0 | (20) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/15/2031 | 10900 | (19) | (1336) | (1355) | 0 | (20) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/22/2031 | 8000 | (17) | (976) | (993) | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 141710 | (237) | (1468) | (1705) | 249 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.735 | Semi-Annual | 01/12/2032 | 8900 | (23) | (993) | (1016) | 0 | (17) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.655 | Semi-Annual | 01/24/2032 | 2700 | (8) | (313) | (321) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.350 | Semi-Annual | 02/01/2032 | 18800 | (108) | 2670 | 2562 | 35 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.988 | Semi-Annual | 02/09/2032 | 14500 | 77 | 1353 | 1430 | 26 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.008 | Semi-Annual | 02/09/2032 | 24400 | 95 | 2291 | 2386 | 46 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 20720 | 598 | (84) | 514 | 37 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/21/2032 | 282250 | 140 | 6363 | 6503 | 0 | (505) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 234042 | (233) | (2101) | (2334) | 420 | 0 |

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------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 72 | 100 | 126 | 151 | 185 | 213 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.900 | Semi-Annual | 05/18/2032 | 636600 | (15389) | 87340 | 71951 | 1162 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2032 | 18270 | 235 | 193 | 428 | 33 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.680 | Annual | 07/11/2032 | 22000 | (304) | (995) | (1299) | 0 | (40) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.690 | Annual | 07/11/2032 | 22000 | (308) | (977) | (1285) | 0 | (40) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/06/2032 | 3100 | (26) | (82) | (108) | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2032 | 320620 | (4673) | 1700 | (2973) | 586 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.542 | Annual | 11/15/2032 | 39800 | 0 | 92 | 92 | 72 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.570 | Annual | 11/15/2032 | 31820 | 0 | 21 | 21 | 57 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 11/15/2032 | 23880 | 0 | 0 | 0 | 43 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.592 | Annual | 11/15/2032 | 63850 | 0 | (39) | (39) | 115 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 366130 | (5418) | 1959 | (3459) | 686 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 | 255860 | 29654 | (4188) | 25466 | 501 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.430 | Annual | 02/27/2033 | 18800 | (75) | (280) | (355) | 0 | (35) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.370 | Annual | 03/01/2033 | 18000 | (79) | (336) | (415) | 0 | (34) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.405 | Annual | 03/01/2033 | 17600 | (76) | (286) | (362) | 0 | (33) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 03/06/2033 | 17600 | (60) | (434) | (494) | 0 | (33) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 03/07/2033 | 33400 | (119) | (459) | (578) | 0 | (63) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 03/18/2033 | 53640 | (521) | 53 | (468) | 99 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 05/22/2033 | 208310 | 4554 | (1873) | 2681 | 397 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.420 | Annual | 05/24/2033 | 50500 | (204) | (727) | (931) | 0 | (96) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 06/06/2033 | 472330 | (2441) | 1730 | (711) | 906 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 77455 | 955 | 2796 | 3751 | 159 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.730 | Annual | 08/03/2033 | 8300 | (30) | 65 | 35 | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 08/07/2033 | 9500 | (38) | 81 | 43 | 0 | (18) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.760 | Annual | 08/23/2033 | 27800 | (108) | 289 | 181 | 0 | (54) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 08/30/2033 | 14000 | (53) | 183 | 130 | 0 | (27) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 08/30/2033 | 28100 | (99) | 559 | 460 | 0 | (55) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 10/04/2033 | 27000 | (93) | 788 | 695 | 0 | (53) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.175 | Annual | 10/10/2033 | 13100 | (47) | 517 | 470 | 0 | (26) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 10/12/2033 | 13100 | (52) | 499 | 447 | 0 | (26) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 10/18/2033 | 11200 | (38) | 460 | 422 | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.220 | Annual | 10/20/2033 | 13300 | (46) | 565 | 519 | 0 | (26) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.230 | Annual | 10/23/2033 | 7000 | (25) | 303 | 278 | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.255 | Annual | 10/23/2033 | 7000 | (25) | 316 | 291 | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.393 | Annual | 10/25/2033 | 6600 | (23) | 361 | 338 | 0 | (13) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.450 | Annual | 10/31/2033 | 8200 | (30) | 482 | 452 | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.435 | Annual | 11/01/2033 | 7000 | (29) | 408 | 379 | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.450 | Annual | 11/01/2033 | 13600 | (57) | 807 | 750 | 0 | (27) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 11/22/2033 | 13900 | (63) | (507) | (570) | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 12/15/2033 | 14200 | (62) | (301) | (363) | 29 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 12/19/2033 | 15100 | (63) | (238) | (301) | 30 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 120910 | (4054) | 2668 | (1386) | 0 | (244) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 12/26/2033 | 7500 | (32) | (60) | (92) | 15 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 72 | 100 | 126 | 151 | 185 | 213 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.854 | Annual | 12/29/2033 | 14200 | (61) | (125) | (186) | 29 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 7100 | (31) | 31 | 0 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 7100 | (31) | (3) | (34) | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 7100 | (32) | 70 | 38 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 14300 | (65) | 182 | 117 | 29 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.670 | Annual | 01/08/2034 | 15500 | (73) | 172 | 99 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.594 | Annual | 01/09/2034 | 14500 | 0 | 180 | 180 | 29 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 14200 | (65) | 234 | 169 | 29 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 01/23/2034 | 7000 | (29) | 21 | (8) | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.738 | Annual | 01/23/2034 | 4200 | (18) | 15 | (3) | 0 | (9) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 01/24/2034 | 8100 | (33) | (27) | (60) | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.665 | Annual | 01/24/2034 | 14200 | (58) | (36) | (94) | 0 | (29) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.685 | Annual | 01/24/2034 | 14200 | (58) | (14) | (72) | 0 | (29) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 01/31/2034 | 7500 | (32) | (44) | (76) | 0 | (15) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.725 | Annual | 02/07/2034 | 6900 | (35) | 23 | (12) | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.783 | Annual | 02/07/2034 | 5900 | (30) | 47 | 17 | 0 | (12) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 02/21/2034 | 28000 | (125) | 379 | 254 | 0 | (58) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 03/05/2034 | 15100 | (64) | (49) | (113) | 0 | (31) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 03/05/2034 | 7700 | (29) | 2 | (27) | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.710 | Annual | 03/05/2034 | 15000 | (56) | 15 | (41) | 0 | (31) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/10/2034 | 14600 | (55) | 239 | 184 | 0 | (30) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/15/2034 | 7600 | (29) | 125 | 96 | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 04/16/2034 | 15600 | (54) | 312 | 258 | 0 | (33) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 04/17/2034 | 14400 | (49) | 435 | 386 | 0 | (30) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 04/22/2034 | 14400 | (57) | 449 | 392 | 0 | (30) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.078 | Annual | 04/29/2034 | 15200 | (44) | 450 | 406 | 0 | (32) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 04/30/2034 | 80300 | (226) | 2448 | 2222 | 0 | (169) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 05/03/2034 | 14200 | (38) | 476 | 438 | 0 | (30) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 05/06/2034 | 39200 | (127) | 1552 | 1425 | 0 | (83) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 06/05/2034 | 16900 | (68) | (389) | (457) | 36 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 92440 | (2481) | 2577 | 96 | 0 | (200) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.994 | Annual | 07/02/2034 | 21400 | (65) | (371) | (436) | 46 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 15000 | (49) | (334) | (383) | 32 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.795 | Annual | 08/06/2034 | 25200 | (100) | (27) | (127) | 54 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | 08/07/2034 | 25200 | (86) | 253 | 167 | 54 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 25300 | (93) | 193 | 100 | 54 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.569 | Annual | 08/14/2034 | 28000 | (92) | 442 | 350 | 60 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.586 | Annual | 08/19/2034 | 39800 | (139) | 584 | 445 | 85 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 27900 | (99) | 391 | 292 | 60 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 25200 | (89) | 476 | 387 | 54 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 | 28800 | (98) | 481 | 383 | 62 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 | 25100 | (90) | 317 | 227 | 54 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 | 19300 | (69) | 314 | 245 | 41 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 72 | 100 | 126 | 151 | 185 | 213 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 17400 | (66) | 415 | 349 | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 | 14600 | (55) | 298 | 243 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 | 17900 | (67) | 349 | 282 | 39 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 | 16200 | (64) | 464 | 400 | 35 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 14400 | (69) | 623 | 554 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 | 8200 | (38) | 348 | 310 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 | 32800 | (144) | 1289 | 1145 | 70 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 | 25400 | (90) | 1066 | 976 | 55 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 | 25300 | (91) | 1030 | 939 | 54 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 10/11/2034 | 26500 | (96) | (468) | (564) | 0 | (57) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 10/15/2034 | 26500 | (94) | (626) | (720) | 0 | (57) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.385 | Annual | 10/17/2034 | 16800 | (57) | (386) | (443) | 0 | (36) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.446 | Annual | 10/23/2034 | 16200 | (45) | (305) | (350) | 0 | (35) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.463 | Annual | 10/23/2034 | 28900 | (86) | (501) | (587) | 0 | (63) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.481 | Annual | 10/29/2034 | 28700 | (90) | (452) | (542) | 0 | (62) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.465 | Annual | 10/30/2034 | 58200 | (188) | (982) | (1170) | 0 | (127) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/06/2034 | 52400 | (186) | (665) | (851) | 0 | (114) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 3570 | 42 | (36) | 6 | 0 | (8) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 | 14400 | (38) | 87 | 49 | 0 | (32) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 | 9800 | (26) | 68 | 42 | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 | 14300 | (38) | 162 | 124 | 0 | (32) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 01/13/2035 | 14400 | (39) | 138 | 99 | 0 | (32) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.013 | Annual | 01/15/2035 | 42300 | (117) | 897 | 780 | 0 | (95) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 15500 | (56) | (92) | (148) | 35 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 8200 | (29) | (23) | (52) | 19 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 16400 | (57) | (52) | (109) | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 | 32100 | (108) | (175) | (283) | 73 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 19100 | (55) | (90) | (145) | 43 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 | 31900 | (156) | 38 | (118) | 0 | (73) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 11400 | 287 | 241 | 528 | 26 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 | 19100 | (56) | 437 | 381 | 44 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 34520 | (582) | 701 | 119 | 80 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | 11/15/2049 | 3300 | 0 | 418 | 418 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.464 | Annual | 11/15/2049 | 4490 | 0 | 503 | 503 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.527 | Annual | 11/15/2049 | 1760 | 0 | 180 | 180 | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.485 | Semi-Annual | 01/13/2051 | 6800 | (45) | (3146) | (3191) | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.580 | Semi-Annual | 01/13/2051 | 61800 | (268) | (27792) | (28060) | 0 | (152) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.491 | Semi-Annual | 01/21/2051 | 7300 | (75) | (3341) | (3416) | 0 | (18) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.438 | Semi-Annual | 01/22/2051 | 17700 | (185) | (8250) | (8435) | 0 | (42) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 04/07/2051 | 42600 | (18) | 20483 | 20465 | 105 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.785 | Semi-Annual | 08/12/2051 | 8400 | (112) | 3674 | 3562 | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.700 | Semi-Annual | 02/01/2052 | 186000 | (1621) | 83912 | 82291 | 458 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 291500 | 31444 | 87110 | 118554 | 751 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 64 | 72 | 100 | 126 | 151 | 185 | 213 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 02/23/2053 |  | 9600 | (88) | (1741) | (1829) | 0 | (29) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.550 | Annual | 07/21/2053 |  | 3600 | (260) | (733) | (993) | 0 | (10) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.537 | Annual | 07/24/2053 |  | 3600 | (262) | (739) | (1001) | 0 | (10) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.508 | Annual | 07/25/2053 |  | 5600 | (419) | (1165) | (1584) | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.830 | Annual | 10/12/2053 |  | 4200 | (24) | (218) | (242) | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 10/16/2053 |  | 4200 | (22) | (185) | (207) | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 |  | 4400 | (23) | (201) | (224) | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 11/15/2053 |  | 7340 | (40) | 1121 | 1081 | 23 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 11/15/2053 |  | 20300 | 424 | 289 | 713 | 69 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 11/15/2053 |  | 57706 | 100 | 890 | 990 | 199 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.141 | Annual | 11/15/2053 |  | 14150 | 0 | 93 | 93 | 49 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.143 | Annual | 11/15/2053 |  | 5710 | 0 | 36 | 36 | 20 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.161 | Annual | 11/15/2053 |  | 14220 | 0 | 47 | 47 | 49 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 03/05/2054 |  | 6000 | (51) | (606) | (657) | 0 | (19) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 |  | 78300 | 6259 | 2990 | 9249 | 252 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 95600 | 13708 | 2123 | 15831 | 297 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 57500 | 5720 | 914 | 6634 | 183 | 0 |
| Pay | 1-Year BRL-CDI | 9.874 | Maturity | 01/02/2026 | BRL | 58300 | 0 | (637) | (637) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.899 | Maturity | 01/02/2026 |  | 29400 | 0 | (318) | (318) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 9.939 | Maturity | 01/02/2026 |  | 44500 | 0 | (472) | (472) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.052 | Maturity | 01/02/2026 |  | 112800 | 0 | (1151) | (1151) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.085 | Maturity | 01/02/2026 |  | 112000 | 0 | (1130) | (1130) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.105 | Maturity | 01/02/2026 |  | 110900 | 0 | (1115) | (1115) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 9.998 | Maturity | 01/04/2027 |  | 85700 | 0 | (1293) | (1293) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.037 | Maturity | 01/04/2027 |  | 19800 | 0 | (294) | (294) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.041 | Maturity | 01/04/2027 |  | 91600 | 0 | (1364) | (1364) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.072 | Maturity | 01/04/2027 |  | 28800 | 0 | (364) | (364) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.090 | Maturity | 01/04/2027 |  | 172800 | 0 | (2534) | (2534) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.098 | Maturity | 01/04/2027 |  | 87080 | 0 | (1090) | (1090) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.138 | Maturity | 01/04/2027 |  | 43000 | 0 | (620) | (620) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.165 | Maturity | 01/04/2027 |  | 44160 | 0 | (540) | (540) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.170 | Maturity | 01/04/2027 |  | 73690 | 0 | (899) | (899) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.183 | Maturity | 01/04/2027 |  | 132360 | 0 | (1607) | (1607) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.203 | Maturity | 01/04/2027 |  | 103130 | 0 | (1243) | (1243) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.210 | Maturity | 01/04/2027 |  | 14860 | 0 | (179) | (179) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.256 | Maturity | 01/04/2027 |  | 103030 | 0 | (1218) | (1218) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 10.328 | Maturity | 01/04/2027 |  | 93690 | 0 | (1079) | (1079) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 11.250 | Maturity | 01/04/2027 |  | 6500 | 0 | (83) | (83) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.275 | Maturity | 01/04/2027 |  | 3300 | 0 | (42) | (42) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.290 | Maturity | 01/04/2027 |  | 3300 | 0 | (41) | (41) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.731 | Maturity | 01/04/2027 |  | 1700 | 0 | (16) | (16) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.746 | Maturity | 01/04/2027 |  | 7300 | 0 | (67) | (67) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.901 | Maturity | 01/04/2027 |  | 17500 | 0 | (140) | (140) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 235700 | 12 | (210) | (198) | 0 | (38) |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 167700 | 0 | (80) | (80) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 154400 | (9) | (137) | (146) | 0 | (54) |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 308000 | 24 | (125) | (101) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 12.800 | Maturity | 01/02/2031 |  | 311400 | (18) | (745) | (763) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 12.841 | Maturity | 01/02/2031 |  | 112200 | 0 | (255) | (255) | 0 | 0 |
| Pay | 3-Month NZD-BBR | 4.750 | Semi-Annual | 06/19/2029 | NZD | 61900 | 363 | 1370 | 1733 | 84 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 07/31/2028 | ZAR | 37800 | 0 | 117 | 117 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.415 | Quarterly | 07/31/2028 |  | 30200 | 0 | 93 | 93 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.420 | Quarterly | 07/31/2028 |  | 112900 | 0 | 350 | 350 | 4 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.428 | Quarterly | 07/31/2028 |  | 75100 | 0 | 234 | 234 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.426 | Quarterly | 08/01/2028 |  | 45600 | 0 | 141 | 141 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.460 | Quarterly | 08/01/2028 |  | 77000 | 0 | 243 | 243 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.460 | Quarterly | 08/02/2028 |  | 78000 | 0 | 246 | 246 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.464 | Quarterly | 08/02/2028 |  | 78200 | 0 | 247 | 247 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.550 | Quarterly | 08/03/2028 |  | 79600 | 0 | 262 | 262 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.380 | Quarterly | 08/04/2028 |  | 39500 | 0 | 120 | 120 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 08/04/2028 |  | 95000 | 0 | 293 | 293 | 4 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.415 | Quarterly | 08/04/2028 |  | 39500 | 0 | 122 | 122 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.421 | Quarterly | 08/04/2028 |  | 40300 | 0 | 125 | 125 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.543 | Quarterly | 08/04/2028 |  | 40200 | 0 | 132 | 132 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.360 | Quarterly | 08/07/2028 |  | 77500 | 0 | 233 | 233 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.400 | Quarterly | 08/07/2028 |  | 77500 | 0 | 238 | 238 | 3 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 08/07/2028 |  | 23000 | 0 | 71 | 71 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.000 | Quarterly | 01/03/2031 |  | 33700 | 0 | 124 | 124 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.001 | Quarterly | 01/06/2031 |  | 33700 | 0 | 124 | 124 | 2 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 18 | 27 | 42 | 64 | 72 | 99 | 100 | 125 | 126 | 150 | 151 | 184 | 185 | 212 | 213 |
| Pay | 3-Month ZAR-JIBAR | 8.010 | Quarterly | 01/07/2031 |  | 32900 |  | 0 |  | 122 |  | 122 |  | 2 |  | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.030 | Quarterly | 01/07/2031 |  | 32900 |  | 0 |  | 124 |  | 124 |  | 2 |  | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.053 | Quarterly | 01/07/2031 |  | 32900 |  | 0 |  | 126 |  | 126 |  | 2 |  | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.058 | Quarterly | 01/07/2031 |  | 32900 |  | 0 |  | 126 |  | 126 |  | 2 |  | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.063 | Quarterly | 01/08/2031 |  | 100300 |  | 0 |  | 386 |  | 386 |  | 6 |  | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.080 | Quarterly | 01/08/2031 |  | 46700 |  | 0 |  | 182 |  | 182 |  | 3 |  | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.203 | Quarterly | 01/10/2031 |  | 169100 |  | 0 |  | 715 |  | 715 |  | 11 |  | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 2.750 | Semi-Annual | 06/17/2026 | AUD | 12500 |  | 86 |  | (141) |  | (55) |  | 0 |  | (1) |
| Pay | 6-Month AUD-BBR-BBSW | 3.000 | Semi-Annual | 03/21/2027 |  | 80900 |  | 1624 |  | (2460) |  | (836) |  | 0 |  | (6) |
| Pay | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | 09/18/2029 |  | 36400 |  | 375 |  | (672) |  | (297) |  | 0 |  | (15) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 |  | 32900 |  | (48) |  | (108) |  | (156) |  | 0 |  | (21) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 |  | 84600 |  | (316) |  | (239) |  | (555) |  | 0 |  | (69) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 |  | 22500 |  | 297 |  | (490) |  | (193) |  | 0 |  | (25) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 336500 |  | 4925 |  | (9441) |  | (4516) |  | 0 |  | (430) |
| Pay | 6-Month EUR-EURIBOR | 3.370 | Annual | 10/09/2028 | EUR | 17400 |  | (41) |  | 651 |  | 610 |  | 0 |  | (4) |
| Pay | 6-Month EUR-EURIBOR | 3.450 | Annual | 10/20/2028 |  | 16300 |  | (31) |  | 643 |  | 612 |  | 0 |  | (4) |
| Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/16/2029 |  | 15100 |  | (25) |  | 493 |  | 468 |  | 0 |  | (6) |
| Pay | 6-Month EUR-EURIBOR | 2.780 | Annual | 05/02/2029 |  | 15200 |  | (22) |  | 495 |  | 473 |  | 0 |  | (7) |
| Pay | 6-Month EUR-EURIBOR | 2.950 | Annual | 06/12/2029 |  | 11900 |  | (21) |  | 469 |  | 448 |  | 0 |  | (5) |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 |  | 14500 |  | (20) |  | (132) |  | (152) |  | 7 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 |  | 16700 |  | (34) |  | (126) |  | (160) |  | 10 |  | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 698700 |  | 3589 |  | (7914) |  | (4325) |  | 0 |  | (543) |
| Pay | 6-Month EUR-EURIBOR | 2.547 | Annual | 03/09/2033 |  | 44600 |  | (996) |  | 1051 |  | 55 |  | 0 |  | (52) |
| Pay | 6-Month EUR-EURIBOR | 3.270 | Annual | 08/21/2033 |  | 9400 |  | (37) |  | 457 |  | 420 |  | 0 |  | (12) |
| Pay | 6-Month EUR-EURIBOR | 2.760 | Annual | 03/04/2034 |  | 9700 |  | (30) |  | 166 |  | 136 |  | 0 |  | (13) |
| Pay | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/05/2034 |  | 9800 |  | (31) |  | 158 |  | 127 |  | 0 |  | (13) |
| Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/29/2034 |  | 9800 |  | (28) |  | 152 |  | 124 |  | 0 |  | (13) |
| Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 |  | 16100 |  | (42) |  | 384 |  | 342 |  | 23 |  | 0 |
| Pay | 6-Month EUR-EURIBOR | 2.220 | Annual | 01/08/2035 |  | 8900 |  | (21) |  | (400) |  | (421) |  | 0 |  | (13) |
| Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 |  | 9400 |  | (24) |  | (243) |  | (267) |  | 0 |  | (14) |
| Pay | 6-Month EUR-EURIBOR | 2.520 | Annual | 03/27/2035 |  | 9500 |  | (25) |  | (151) |  | (176) |  | 0 |  | (14) |
| Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 04/01/2035 |  | 10000 |  | (25) |  | (228) |  | (253) |  | 0 |  | (15) |
| Receive | 6-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 |  | 9500 |  | (33) |  | 226 |  | 193 |  | 14 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 |  | 10000 |  | (38) |  | 230 |  | 192 |  | 15 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.530 | Annual | 04/23/2035 |  | 26000 |  | (102) |  | 588 |  | 486 |  | 38 |  | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 17100 |  | 0 |  | (361) |  | (361) |  | 0 |  | (24) |
| Receive | 6-Month EUR-EURIBOR | 0.250 | Annual | 03/18/2050 |  | 17400 |  | 966 |  | 9651 |  | 10617 |  | 35 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.500 | Annual | 06/17/2050 |  | 4000 |  | (129) |  | 2357 |  | 2228 |  | 8 |  | 0 |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 0.830 | Annual | 12/09/2052 |  | 296100 |  | 3985 |  | 40955 |  | 44940 |  | 184 |  | 0 |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 |  | 72830 |  | (862) |  | 5205 |  | 4343 |  | 243 |  | 0 |
| Pay | 28-Day MXN-TIIE | 9.020 | Lunar | 12/17/2029 | MXN | 68000 |  | 0 |  | 189 |  | 189 |  | 4 |  | 0 |
| Pay | 28-Day MXN-TIIE | 8.990 | Lunar | 12/18/2029 |  | 50400 |  | 0 |  | 137 |  | 137 |  | 3 |  | 0 |
| Pay | 28-Day MXN-TIIE | 9.135 | Lunar | 12/27/2029 |  | 97800 |  | 0 |  | 299 |  | 299 |  | 5 |  | 0 |
| Pay | 28-Day MXN-TIIE | 9.150 | Lunar | 12/31/2029 |  | 95100 |  | 0 |  | 293 |  | 293 |  | 5 |  | 0 |
| Pay | 28-Day MXN-TIIE | 9.108 | Lunar | 03/13/2030 |  | 266600 |  | 0 |  | 804 |  | 804 |  | 16 |  | 0 |
| Pay | UKRPI | 4.000 | Maturity | 09/15/2031 | GBP | 7300 |  | (6) |  | (805) |  | (811) |  | 0 |  | (3) |
| Pay | UKRPI | 4.055 | Maturity | 09/15/2031 |  | 6800 |  | 28 |  | (725) |  | (697) |  | 0 |  | (3) |
| Pay | UKRPI | 4.066 | Maturity | 09/15/2031 |  | 13200 |  | (162) |  | (1169) |  | (1331) |  | 0 |  | (6) |
| Pay | UKRPI | 4.020 | Maturity | 10/15/2031 |  | 9600 |  | (43) |  | (969) |  | (1012) |  | 3 |  | 0 |
| Pay | UKRPI | 4.140 | Maturity | 10/15/2031 |  | 18500 |  | (70) |  | (1533) |  | (1603) |  | 5 |  | 0 |
|  |  |  |  |  |  |  | $64359 | 64359 | $369465 | 369465 | $433824 | 433824 | $19301 | 19301 | $(5848) | (5848) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**75550** | **75550** | $**373747** | **373747** | $**449297** | **449297** | $**19319** | **19319** | $**(5916)** | **(5916)** |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **(o)** | **Securities with an aggregate market value of $323,593 and cash of $15,983have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $323,593 and cash of $15,983have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $323,593 and cash of $15,983have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $323,593 and cash of $15,983have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $323,593 and cash of $15,983have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $323,593 and cash of $15,983have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(p)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | $6030 | 937276 | $0 | $(42) |
|  |  | 01/2026  | 2383 | 4244 | 61 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 3798 | $4456 | 0 | (9) |
|  |  | 01/2026  | 13695 | 150 | 0 | (2) |
|  |  | 01/2026  | 3914087 | 2690 | 0 | (25) |
|  |  | 01/2026  | 55516 | 1714 | 0 | (50) |
|  |  | 01/2026  | 167208 | 5484 | 160 | 0 |
|  |  | 01/2026  | $11811 | 43209 | 224 | 0 |
|  |  | 01/2026  | 1050 | 33128 | 5 | 0 |
|  |  | 01/2026  | 4555 | 75925 | 24 | 0 |
|  |  | 02/2026  | 16636 | $5221 | 0 | (3) |
|  |  | 03/2026  | 94132 | 27920 | 0 | (10) |
|  |  | 04/2026  | 8691 | 478 | 0 | 0 |
|  |  | 04/2026  | $1369 | 25230 | 19 | 0 |
|  |  | 04/2026  | 37312 | $2126 | 0 | (110) |
|  |  | 05/2026  | 161757 | 9357 | 0 | (315) |
|  |  | 07/2026  | 12000 | 2074 | 0 | (25) |
|  |  | 08/2026  | 232343 | 13294 | 0 | (506) |
|  |  | 11/2026  | 6331 | 353 | 0 | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 43077 | 28001 | 0 | (749) |
|  |  | 01/2026  | 1001688 | 729941 | 0 | (262) |
|  |  | 01/2026  | 1880 | 2387 | 12 | 0 |
|  |  | 01/2026  | 113338 | 16083 | 0 | (179) |
|  |  | 01/2026  | 22021170 | 1316 | 0 | (2) |
|  |  | 01/2026  | 26677 | 8205 | 0 | (172) |
|  |  | 01/2026  | 431836 | 4790 | 0 | (11) |
|  |  | 01/2026  | 1627500 | 10532 | 135 | 0 |
|  |  | 01/2026  | 22324 | 6119 | 0 | (99) |
|  |  | 01/2026  | 574011 | 18874 | 598 | 0 |
|  |  | 01/2026  | $21532 | 150826 | 96 | 0 |
|  |  | 01/2026  | 23290 | 2099204 | 11 | (1) |
|  |  | 01/2026  | 2487 | 4377 | 34 | 0 |
|  |  | 01/2026  | 14869 | 53953 | 159 | 0 |
|  |  | 01/2026  | 41489 | 1301979 | 66 | (96) |
|  |  | 01/2026  | 39103 | 654570 | 370 | 0 |
|  |  | 01/2026  | 424873 | $25396 | 0 | (231) |
|  |  | 02/2026  | $5138 | 462974 | 1 | (1) |
|  |  | 02/2026  | 15486 | 55298 | 0 | (87) |
|  |  | 02/2026  | 12828 | 402625 | 0 | (25) |
|  |  | 03/2026  | 847278 | $26841 | 43 | (133) |
|  |  | 04/2026  | 132900 | 23266 | 0 | (489) |
|  |  | 05/2026  | $2862 | 872 | 0 | (20) |
|  |  | 05/2026  | 146877 | $8303 | 0 | (489) |
|  |  | 06/2026  | $2070 | 632 | 0 | (8) |
|  |  | 07/2026  | 365000 | $63434 | 174 | (571) |
|  |  | 07/2026  | $1287 | 393 | 0 | (5) |
|  |  | 10/2026  | 24231 | $1349 | 0 | (82) |
|  |  | 06/2027  | $1003 | 304 | 0 | (7) |
|  |  | 05/2029  | 4290 | $14750 | 583 | 0 |
|  |  | 07/2029  | 573 | 1970 | 77 | 0 |
|  |  | 05/2030  | 3223 | 11100 | 391 | 0 |
|  |  | 08/2030  | 1339 | 4514 | 58 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 3216 | 3734 | 0 | (47) |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 7280 | 2270 | 0 | (16) |
|  | 01/2026  | 2747600 | 17744 | 190 | 0 |
|  | 01/2026  | 12 | 3 | 0 | 0 |
|  | 01/2026  | 25120 | 19599 | 45 | 0 |
|  | 01/2026  | $2993 | 4479 | 0 | (4) |
|  | 01/2026  | 1495 | 5448 | 22 | 0 |
|  | 01/2026  | 60165 | 2713592 | 2434 | 0 |
|  | 01/2026  | 11683 | 196828 | 186 | 0 |
|  | 01/2026  | 55866 | $3237 | 0 | (132) |
|  | 02/2026  | 7183 | 2230 | 0 | (26) |
|  | 02/2026  | $3661 | 67880 | 90 | 0 |
|  | 02/2026  | 27448 | 1248842 | 722 | 0 |
|  | 03/2026  | 11500 | 212962 | 242 | 0 |
|  | 03/2026  | 29558 | 1353172 | 342 | 0 |
|  | 04/2026  | 229318 | $13057 | 0 | (685) |
|  | 07/2026  | 345961 | 19554 | 0 | (1033) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 127571 | 37522 | 0 | (427) |
|  | 01/2026  | $29700 | 4622706 | 0 | (167) |
|  | 01/2026  | 4350 | 7763 | 121 | 0 |
|  | 01/2026  | 29546 | 99450 | 43 | 0 |
|  | 03/2026  | 45582 | $13146 | 0 | (375) |
|  | 04/2026  | 252600 | 44475 | 40 | (716) |
|  | 06/2026  | 100050 | 29546 | 0 | (34) |
|  | 07/2026  | 96000 | 16465 | 0 | (324) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 52 | 37 | 0 | (1) |
|  | 01/2026  | 4665 | 5493 | 8 | 0 |
|  | 01/2026  | 11 | 3 | 0 | 0 |
|  | 01/2026  | 5379 | 527 | 0 | (6) |
|  | 01/2026  | 10310 | 5947 | 12 | (3) |
|  | 01/2026  | 130617 | 37704 | 0 | (1151) |
|  | 01/2026  | 114 | 31 | 0 | (1) |
|  | 01/2026  | 1753428 | 57766 | 1939 | 0 |
|  | 01/2026  | $1521 | 2294 | 10 | 0 |
|  | 01/2026  | 14035 | 97978 | 24 | 0 |
|  | 01/2026  | 1078 | 918 | 1 | 0 |
|  | 01/2026  | 1182 | 894 | 22 | 0 |
|  | 01/2026  | 1125 | 3598 | 5 | 0 |
|  | 01/2026  | 71108 | 6357022 | 60 | (609) |
|  | 01/2026  | 29546 | 99354 | 14 | 0 |
|  | 01/2026  | 1519 | 5458 | 1 | 0 |
|  | 01/2026  | 3 | 90 | 0 | 0 |
|  | 01/2026  | 9872 | 308634 | 7 | (52) |
|  | 01/2026  | 2186 | 37332 | 65 | 0 |
|  | 02/2026  | 13173 | $4144 | 7 | 0 |
|  | 02/2026  | 30542 | 8620 | 0 | (453) |
|  | 02/2026  | $321 | 10037 | 0 | (1) |
|  | 03/2026  | 960163 | $1031 | 0 | (37) |
|  | 03/2026  | 59605 | 17009 | 0 | (678) |
|  | 03/2026  | 112817 | 3625 | 39 | 0 |
|  | 08/2026  | 43654 | 12111 | 0 | (761) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 12018 | 3736 | 0 | (38) |
|  | 01/2026  | 8172407 | 5583 | 0 | (85) |
|  | 01/2026  | 7055 | 4079 | 15 | 0 |
|  | 01/2026  | $6267 | 19993 | 11 | 0 |
|  | 01/2026  | 21081 | 1877365 | 0 | (243) |
|  | 01/2026  | 12351 | 18146429 | 234 | 0 |
|  | 01/2026  | 25223 | 424055 | 354 | 0 |
|  | 01/2026  | 75991 | $4361 | 0 | (221) |
|  | 02/2026  | 19988 | 6267 | 0 | (10) |
|  | 02/2026  | 5034 | 110 | 0 | (3) |
|  | 02/2026  | $433 | 13549 | 0 | (2) |
|  | 03/2026  | 617 | $19 | 0 | 0 |
|  | 07/2026  | 962 | 54 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 87799 | 57026 | 0 | (1570) |
|  | 01/2026  | 500882 | 363915 | 0 | (1312) |
|  | 01/2026  | 1987 | 2477 | 0 | (33) |
|  | 01/2026  | 56494 | 8027 | 0 | (79) |
|  | 01/2026  | 11894 | 15619 | 0 | (413) |
|  | 01/2026  | 9729 | 5574 | 0 | (29) |
|  | 01/2026  | 41 | 31 | 0 | 0 |
|  | 01/2026  | $3318 | 10638 | 23 | 0 |
|  | 01/2026  | 5095 | 9044 | 113 | 0 |
|  | 01/2026  | 14740 | 53955 | 288 | 0 |
|  | 01/2026  | 22415 | 376081 | 263 | 0 |
|  | 01/2026  | 189024 | $11204 | 0 | (198) |
|  | 02/2026  | 10635 | 3318 | 0 | (22) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 1846 | 2302 | 0 | (30) |
|  | 01/2026  | 3221 | 997 | 0 | (14) |
|  | 01/2026  | 15822 | 11 | 0 | 0 |
|  | 01/2026  | 704160 | 480 | 0 | (7) |
|  | 01/2026  | $9745 | 68693 | 112 | 0 |
|  | 01/2026  | 489 | 704160 | 0 | (2) |
|  | 01/2026  | 9866 | 36040 | 172 | 0 |
|  | 01/2026  | 1598 | 50875 | 19 | 0 |
|  | 01/2026  | 39183 | $2273 | 0 | (90) |
|  | 02/2026  | $193411 | 1063004 | 0 | (886) |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 02/2026  | 7069 | 131112 | 177 | 0 |
|  | 02/2026  | 2247 | 102468 | 61 | 0 |
|  | 03/2026  | 434 | $79 | 1 | 0 |
|  | 03/2026  | 4392 | 1298 | 0 | (5) |
|  | 03/2026  | $21668 | 393931 | 133 | (71) |
|  | 04/2026  | 669800 | $118184 | 251 | (1788) |
|  | 04/2026  | $11651 | 214850 | 164 | 0 |
|  | 07/2026  | 688300 | $120054 | 586 | (904) |
|  | 08/2026  | 212222 | 11905 | 0 | (710) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 1992 | 2488 | 0 | (29) |
|  | 01/2026  | 235175 | 33392 | 0 | (352) |
|  | 01/2026  | 70742 | 21741 | 0 | (472) |
|  | 01/2026  | 389880 | 4379 | 52 | 0 |
|  | 01/2026  | 4822063 | 3361 | 16 | 0 |
|  | 01/2026  | 13541 | 7857 | 58 | 0 |
|  | 01/2026  | 40956 | 11175 | 0 | (233) |
|  | 01/2026  | $12638 | 88777 | 100 | 0 |
|  | 01/2026  | 8426 | 750353 | 0 | (97) |
|  | 01/2026  | 29665 | 551749 | 901 | 0 |
|  | 01/2026  | 11569 | 42605 | 298 | 0 |
|  | 01/2026  | 12550 | $731 | 0 | (25) |
|  | 02/2026  | $3361 | 4815736 | 0 | (21) |
|  | 02/2026  | 4994 | 92650 | 126 | 0 |
|  | 02/2026  | 0 | 1 | 0 | 0 |
|  | 03/2026  | 35 | $2 | 0 | 0 |
|  | 03/2026  | $9223 | 169323 | 120 | 0 |
|  | 04/2026  | 4297 | 79177 | 58 | 0 |
|  | 07/2026  | 124000 | $21565 | 0 | (120) |
|  | 11/2026  | 315731 | 18014 | 0 | (603) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 6828 | 4470 | 0 | (87) |
|  | 01/2026  | 122748 | 87214 | 0 | (2266) |
|  | 01/2026  | 2928 | 3686 | 0 | (13) |
|  | 01/2026  | 13517 | 15688 | 0 | (204) |
|  | 01/2026  | 8832 | 11865 | 0 | (40) |
|  | 01/2026  | 3155900 | 20315 | 152 | 0 |
|  | 01/2026  | 9343 | 5400 | 19 | 0 |
|  | 01/2026  | 17244 | 4714 | 0 | (89) |
|  | 01/2026  | 132539 | 102148 | 0 | (1028) |
|  | 01/2026  | $3466 | 2599 | 38 | 0 |
|  | 01/2026  | 1512 | 136953 | 8 | 0 |
|  | 01/2026  | 21502 | 3347668 | 0 | (115) |
|  | 01/2026  | 3516 | 12890 | 74 | 0 |
|  | 01/2026  | 2064 | 66858 | 60 | 0 |
|  | 01/2026  | 1619 | 51095 | 8 | 0 |
|  | 01/2026  | 16094 | 270691 | 228 | 0 |
|  | 02/2026  | 3250 | 60162 | 75 | 0 |
|  | 03/2026  | 3090 | 56879 | 49 | 0 |
|  | 04/2026  | 3531 | 65179 | 52 | 0 |
|  | 05/2026  | 64209 | $3693 | 0 | (149) |
|  | 10/2026  | 22228 | 1249 | 0 | (66) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 9312 | 2924 | 0 | 0 |
|  | 01/2026  | 21 | 6 | 0 | 0 |
|  | 01/2026  | $2000 | 311380 | 0 | (11) |
|  | 01/2026  | 15 | 54 | 0 | 0 |
|  | 01/2026  | 14428 | 242716 | 208 | 0 |
|  | 01/2026  | 243 | $15 | 0 | 0 |
|  | 02/2026  | 26112 | 8110 | 0 | (90) |
|  | 02/2026  | 59050 | 17568 | 22 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 13396805 | 9155 | 0 | (137) |
|  | 01/2026  | $8292 | 12172067 | 150 | 0 |
|  | 01/2026  | 6214 | 280539 | 267 | 0 |
|  | 02/2026  | 6639 | 300800 | 201 | 0 |
|  | 03/2026  | 12707 | 581269 | 147 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 01/2026  | 1000605 | $730442 | 1044 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 01/2026  | $1333 | 1825 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 170041 | $124337 | 450 | 0 |
|  | 01/2026  | 112643 | 15987 | 0 | (176) |
|  | 01/2026  | 36628805 | 2190 | 0 | (3) |
|  | 01/2026  | 66424 | 730 | 0 | (8) |
|  | 01/2026  | 2272800 | 14603 | 83 | 0 |
|  | 01/2026  | 178944 | 5873 | 176 | 0 |
|  | 01/2026  | $1360 | 122796 | 3 | 0 |
|  | 01/2026  | 34442 | 5360825 | 0 | (193) |
|  | 04/2026  | 28175 | $8261 | 0 | (88) |
|  | 11/2026  | 810367 | 501 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 280641 | 324915 | 0 | (5035) |
|  | 01/2026  | $365936 | 499994 | 0 | (1453) |
|  | 01/2026  | 85771 | 13414451 | 0 | (69) |
|  | 01/2026  | 4635 | 15606 | 6 | 0 |
|  | 02/2026  | 3253 | 60194 | 74 | 0 |
|  | 03/2026  | 2874 | $153 | 0 | (5) |
|  | 03/2026  | 7976 | 2361 | 0 | (6) |
|  | 03/2026  | $0 | 8 | 0 | 0 |
|  | 07/2026  | 7781 | $2298 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 400678 | 292453 | 160 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 8439 | 10544 | 0 | (119) |

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------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 14 | 33 | 36 | 40 | 51 | 56 | 69 | 74 | 87 | 89 | 95 | 103 | 105 | 121 | 135 | 148 | 163 | 165 | 187 | 190 | 203 | 204 | 215 |
|  |  | 01/2026  | 01/2026  | 01/2026  | PLN | PLN | 17313 | 17313 | 17313 | 17313 | 17313 |  | 4745 | 4745 | 4745 | 4745 | 0 | 0 | 0 | 0 |  | (78) | (78) | (78) |
|  |  | 01/2026  | 01/2026  | 01/2026  | $ | $ | $12157 | 12157 | 12157 | 12157 | 12157 | PLN | 44009 | 44009 | 44009 | 44009 | 102 | 102 | 102 | 102 |  | (1) | (1) | (1) |
|  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | ZAR | 74439 | 74439 | 74439 | 74439 | 74439 | $ | 4280 | 4280 | 4280 | 4280 | 0 | 0 | 0 | 0 |  | (208) | (208) | (208) |
|  |  | 02/2026  | 02/2026  | 02/2026  | $ | $ | $6711 | 6711 | 6711 | 6711 | 6711 | MXN | 124328 | 124328 | 124328 | 124328 | 159 | 159 | 159 | 159 |  | 0 | 0 | 0 |
|  |  | 03/2026  | 03/2026  | 03/2026  | CLP | CLP | 1037138 | 1037138 | 1037138 | 1037138 | 1037138 | $ | 1115 | 1115 | 1115 | 1115 | 0 | 0 | 0 | 0 |  | (38) | (38) | (38) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**18713** | **18713** | **18713** | **18713** | **$** | **(35076)** | **(35076)** | **(35076)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value |
| DUB | DUB | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.180% | 2.180% | 2.180% | 2.180% | 07/21/2032 | 07/21/2032 | 15100 | 15100 | $2422 | 2422 | 2422 | 2422 | $703 | 703 | 703 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.180 | 2.180 | 2.180 | 2.180 | 07/21/2032 | 07/21/2032 | 24700 | 24700 | 3962 | 3962 | 3962 | 3962 | 8097 | 8097 | 8097 |
| GLM | GLM | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.110 | 2.110 | 2.110 | 2.110 | 07/26/2032 | 07/26/2032 | 10500 | 10500 | 1701 | 1701 | 1701 | 1701 | 482 | 482 | 482 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.110 | 2.110 | 2.110 | 2.110 | 07/26/2032 | 07/26/2032 | 15300 | 15300 | 2478 | 2478 | 2478 | 2478 | 5144 | 5144 | 5144 |
| MYC | MYC | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.400 | 2.400 | 2.400 | 2.400 | 07/20/2027 | 07/20/2027 | 12200 | 12200 | 1610 | 1610 | 1610 | 1610 | 106 | 106 | 106 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.400 | 2.400 | 2.400 | 2.400 | 07/20/2027 | 07/20/2027 | 13800 | 13800 | 1821 | 1821 | 1821 | 1821 | 4183 | 4183 | 4183 |
|  |  | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.170 | 2.170 | 2.170 | 2.170 | 07/19/2032 | 07/19/2032 | 12200 | 12200 | 1935 | 1935 | 1935 | 1935 | 561 | 561 | 561 |
|  |  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 2.170 | 2.170 | 2.170 | 2.170 | 07/19/2032 | 07/19/2032 | 13800 | 13800 | 2189 | 2189 | 2189 | 2189 | 4535 | 4535 | 4535 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**18118** | **18118** | **18118** | **18118** | $**23811** | **23811** | **23811** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** |
| Counterparty | Counterparty | Description | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| FAR | FAR | Call - OTC 2-Year Interest Rate Cap  | 0.022% | 0.022% | 0.022% | 0.022% | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 08/08/2026 | 08/08/2026 | 51400 | 51400 | $(886) | (886) | (886) | (886) | $(530) | (530) | (530) |
| MYC | MYC | Call - OTC 2-Year Interest Rate Cap  | 0.026 | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/23/2026 | 07/23/2026 | 110700 | 110700 | (1958) | (1958) | (1958) | (1958) | (922) | (922) | (922) |
| NGF | NGF | Call - OTC 2-Year Interest Rate Cap  | 0.026 | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/25/2026 | 07/25/2026 | 169300 | 169300 | (3107) | (3107) | (3107) | (3107) | (1307) | (1307) | (1307) |
| FAR | FAR | Put - OTC 2-Year Interest Rate Floor  | 0.022 | 0.022 | 0.022 | 0.022 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 08/08/2026 | 08/08/2026 | 51400 | 51400 | (886) | (886) | (886) | (886) | (1) | (1) | (1) |
| MYC | MYC | Put - OTC 2-Year Interest Rate Floor  | 0.026 | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/23/2026 | 07/23/2026 | 110700 | 110700 | (1958) | (1958) | (1958) | (1958) | (3) | (3) | (3) |
| NGF | NGF | Put - OTC 2-Year Interest Rate Floor  | 0.026 | 0.026 | 0.026 | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 07/25/2026 | 07/25/2026 | 169300 | 169300 | (3107) | (3107) | (3107) | (3107) | (6) | (6) | (6) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(11902)** | **(11902)** | **(11902)** | **(11902)** | $**(2769)** | **(2769)** | **(2769)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Liability |
| BOA | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525% | 0.525% | 0.525% | 0.525% | $600 | $ | (6) | $ | $16 | $ | $10 | 10 | 10 | $0 |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.266 | 0.266 | 0.266 | 0.266 | 3100 |  | (136) |  | 159 |  | 23 | 23 | 23 | 0 |
| BPS | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 1.075 | 1.075 | 1000 |  | (48) |  | 47 |  | 0 | 0 | 0 | (1) |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.164 | 1.164 | 1.164 | 1.164 | 200 |  | (18) |  | 17 |  | 0 | 0 | 0 | (1) |
| BRC | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.897 | 0.897 | 0.897 | 0.897 | 2300 |  | (106) |  | 109 |  | 3 | 3 | 3 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 0.525 | 0.525 | 0.525 | 0.525 | 900 |  | (14) |  | 28 |  | 14 | 14 | 14 | 0 |
|  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 2.030 | 2.030 | 2.030 | 2.030 | 380 |  | (25) |  | 8 |  | 0 | 0 | 0 | (17) |
| CBK | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.075 | 1.075 | 1.075 | 1.075 | 600 |  | (22) |  | 22 |  | 0 | 0 | 0 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.312 | 0.312 | 0.312 | 0.312 | 9400 |  | (47) |  | 143 |  | 96 | 96 | 96 | 0 |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | 4.750 | Monthly | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | —◆ | —◆ | 7495 |  | 0 |  | 65 |  | 65 | 65 | 65 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 17 | 40 | 51 | 53 | 55 | 74 | 76 | 81 | 97 | 118 | 121 | 140 | 158 | 166 | 186 | 191 | 207 | 216 |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.266 |  | 400 | (18) |  | 21 |  | 3 |  | 0 |
| GST | Brazil Government International Bonds  | Brazil Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.488 |  | 4300 | (145) |  | 157 |  | 12 |  | 0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 1.075 |  | 1100 | (40) |  | 39 |  | 0 |  | (1) |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 1.164 |  | 500 | (45) |  | 44 |  | 0 |  | (1) |
|  | Equinix, Inc.  | Equinix, Inc.  | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.620 |  | 3700 | 517 |  | (278) |  | 239 |  | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.246 |  | 500 | 2 |  | 2 |  | 4 |  | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 0.525 |  | 1500 | (20) |  | 44 |  | 24 |  | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.575 |  | 4800 | (131) |  | 208 |  | 77 |  | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.534 |  | 600 | (6) |  | 14 |  | 8 |  | 0 |
|  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.706 |  | 8400 | (71) |  | 46 |  | 0 |  | (25) |
| JPM | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.897 |  | 100 | (5) |  | 5 |  | 0 |  | 0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 1.075 |  | 200 | (8) |  | 8 |  | 0 |  | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 0.525 |  | 4500 | (54) |  | 125 |  | 71 |  | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.575 |  | 1000 | (29) |  | 45 |  | 16 |  | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.221 |  | 900 | (7) |  | 11 |  | 4 |  | 0 |
|  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 2.030 |  | 2400 | (153) |  | 45 |  | 0 |  | (108) |
| MYC | Brazil Government International Bonds  | Brazil Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.603 |  | 38300 | (2372) |  | 2602 |  | 230 |  | 0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 1.075 |  | 2800 | (123) |  | 121 |  | 0 |  | (2) |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 1.164 |  | 3100 | (276) |  | 267 |  | 0 |  | (9) |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 0.525 |  | 900 | (15) |  | 29 |  | 14 |  | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.575 |  | 2600 | (67) |  | 109 |  | 42 |  | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.290 |  | 2900 | 8 |  | 13 |  | 21 |  | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.362 |  | 1300 | (4) |  | 16 |  | 12 |  | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 0.480 |  | 900 | (17) |  | 28 |  | 11 |  | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.534 |  | 3700 | (39) |  | 89 |  | 50 |  | 0 |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.266 |  | 28400 | (1243) |  | 1452 |  | 209 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (4783) | $ | 5876 | $ | 1258 | $ | (165) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | 12/20/2030 | 24130 | 24130 | 5485 | $ | 202 | $ | 5687 | $ | 0 |
| BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 17490 | 17490 | 4021 |  | 101 |  | 4122 |  | 0 |
| CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 4360 | 4360 | 987 |  | 41 |  | 1028 |  | 0 |
| GST | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | Monthly | Monthly | 12/16/2072 | 214500 | 214500 | 171 |  | 958 |  | 1129 |  | 0 |
|  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | 0.500 | 0.500 | Monthly | Monthly | 11/18/2064 | 106173 | 106173 | (1021) |  | 1077 |  | 56 |  | 0 |
| JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | 21610 | 21610 | 4948 |  | 145 |  | 5093 |  | 0 |
| MEI | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | Monthly | 08/17/2061 | 3400 | 3400 | (25) |  | 46 |  | 21 |  | 0 |
| MYC | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | Monthly | 08/17/2061 | 72100 | 72100 | (253) |  | 701 |  | 448 |  | 0 |
|  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | Monthly | Monthly | 12/16/2072 | 187700 | 187700 | 206 |  | 782 |  | 988 |  | 0 |
|  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | CMBX.NA.AAA.15 Index  | 0.500 | 0.500 | Monthly | Monthly | 11/18/2064 | 12397 | 12397 | (105) |  | 112 |  | 7 |  | 0 |
| SAL | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | Monthly | 08/17/2061 | 1300 | 1300 | 0 |  | 8 |  | 8 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 14414 | $ | 4173 | $ | 18587 | $ | 0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | IBXXLLTR Index  | 34348 | 34348 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 03/20/2026 | $7900 | 7900 | $0 | 0 | $(16) | (16) | $0 | 0 | $(16) |
|  |  | IBXXLLTR Index  | 13807 | 13807 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 06/22/2026 | 3170 | 3170 | 0 | 0 | (8) | (8) | 0 | 0 | (8) |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 3 | 7 | 16 | 39 | 53 | 84 | 97 | 116 | 133 | 158 | 166 | 172 | 207 | 216 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | IBXXLLTR Index  | 19806 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 06/22/2026 |  | 4550 | 0 | (10) | (10) | 0 | (10) |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Receive | IBXXLLTR Index  | 68823 | &nbsp;&nbsp; 1.225% (SOFR plus a specified spread) | Maturity | 03/20/2026 |  | 15840 | 0 | (2) | (2) | 14 | (16) |
|  |  |  |  |  |  |  |  |  |  | 0 | $(36) | (36) | 14 | $(50) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **10013** | **10013** | **$** | **(215)** |
| **(q)** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $18,934 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| ◆ | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $155738 | 155738 | 285848 | 285848 | $ | 441586 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 851471 | 851471 | 31746 | 31746 |  | 883217 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 897309 | 897309 | 51307 | 51307 |  | 948616 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 223304 | 223304 | 0 | 0 |  | 223304 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 570 | 570 |  | 570 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Illinois | Illinois | Illinois | Illinois | Illinois | Illinois | 0 | 0 | 15 | 15 | 0 | 0 |  | 15 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 11092854 | 11092854 | 0 | 0 |  | 11092854 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 1105405 | 1105405 | 0 | 0 |  | 1105405 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 2036575 | 2036575 | 165210 | 165210 |  | 2201785 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 36858 | 36858 | 0 | 0 |  | 36858 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 677970 | 677970 | 0 | 0 |  | 677970 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 20642 | 20642 | 0 | 0 |  | 20642 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 854539 | 854539 | 0 | 0 |  | 854539 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 8119 | 8119 | 0 | 0 |  | 8119 |  |
| Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | 0 | 0 | 10659 | 10659 | 0 | 0 |  | 10659 |  |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 681 | 681 | 0 | 0 |  | 681 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 69089 | 69089 | 0 | 0 |  | 69089 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 1006129 | 1006129 | 139468 | 139468 |  | 1145597 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 1325860 | 1325860 | 0 | 0 |  | 1325860 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Communication Services | Communication Services | Communication Services | Communication Services | Communication Services | Communication Services | 6609 | 6609 | 0 | 0 | 7175 | 7175 |  | 13784 |  |
| Financials | Financials | Financials | Financials | Financials | Financials | 5 | 5 | 807 | 807 | 44 | 44 |  | 856 |  |
| Health Care | Health Care | Health Care | Health Care | Health Care | Health Care | 0 | 0 | 0 | 0 | 14280 | 14280 |  | 14280 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 2058 | 2058 |  | 2058 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |  |
| Communication Services | Communication Services | Communication Services | Communication Services | Communication Services | Communication Services | 0 | 0 | 0 | 0 | 9 | 9 |  | 9 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 42 | 42 |  | 42 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 85337 | 85337 | 0 | 0 |  | 85337 |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 1037 | 1037 | 0 | 0 |  | 1037 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 2360799 | 2360799 | 0 | 0 |  | 2360799 |  |
| Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | 0 | 0 | 9678 | 9678 | 0 | 0 |  | 9678 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 41153 | 41153 | 0 | 0 |  | 41153 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 108211 | 108211 | 0 | 0 |  | 108211 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 4927 | 4927 | 0 | 0 |  | 4927 |  |
|  |  |  |  |  |  | $6614 | 6614 | $22985166 | 22985166 | 697757 | 697757 | $ | 23689537 |  |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 11 | 12 | 29 | 32 | 52 | 84 | 98 | 106 | 116 | 136 | 147 | 160 | 168 | 174 | 189 | 210 | 214 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | | |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $3711384 | 3711384 | $ | $0 | 0 | $0 | 0 | 0 | $ | 3711384 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $3717998 | 3717998 | $ | $22985166 | 22985166 | $697757 | 697757 | 697757 | $ | 27400921 |  |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | $ | $(599447) | (599447) | $0 | 0 | 0 | $ | (599447) |  |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 1317 | 1317 |  | 20245 | 20245 | 0 | 0 | 0 |  | 21562 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 |  | 62318 | 62318 | 65 | 65 | 65 |  | 62383 |  |  |
|  |  |  |  |  |  | $1317 | 1317 | $ | $82563 | 82563 | $65 | 65 | 65 | $ | 83945 |  |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (294) | (294) |  | (10712) | (10712) | 0 | 0 | 0 |  | (11006) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 |  | (38060) | (38060) | 0 | 0 | 0 |  | (38060) |  |  |
|  |  |  |  |  |  | $(294) | (294) | $ | $(48772) | (48772) | $0 | 0 | 0 | $ | (49066) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $1023 | 1023 | $ | $33791 | 33791 | $65 | 65 | 65 | $ | 34879 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $3719021 | 3719021 | $ | $22419510 | 22419510 | $697822 | 697822 | 697822 | $ | 26836353 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $192980 | 192980 | $144558 | 144558 | $(28292) | 318 | $24 | $ | 2283 | $131 | 131 | $(26154) | (26154) | (26154) | 285848 | $ | 2314 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 25527 |  | 9424 | (5133) | 0 | 1 |  | 1927 | 0 | 0 | 0 | 0 | 0 | 31746 |  | 1916 |
| Industrials |  | 40597 |  | 10600 | (89) | (1) | 0 |  | 769 | 0 | 0 | (569) | (569) | (569) | 51307 |  | 768 |
| Convertible Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 0 |  | 107 | 0 | 0 | 0 |  | 0 | 463 | 463 | 0 | 0 | 0 | 570 |  | 0 |
| Non-Agency Mortgage-Backed Securities | 12668 | 12668 | 163220 | 163220 | (710) | 53 | 0 |  | 2601 | 0 | 0 | (12622) | (12622) | (12622) | 165210 |  | 2008 |
| Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other ABS |  | 65792 |  | 124620 | (57171) | 5 | (542) |  | 6764 | 0 | 0 | 0 | 0 | 0 | 139468 |  | 6809 |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services |  | 672 |  | 0 | (97) | 0 | 56 |  | 6544 | 0 | 0 | 0 | 0 | 0 | 7175 |  | 6626 |
| Financials |  | 12551 |  | 40 | (13171) | 0 | (12257) |  | 12881 | 0 | 0 | 0 | 0 | 0 | 44 |  | 4 |
| Health Care |  | 14865 |  | 0 | 0 | 0 | 0 |  | (585) | 0 | 0 | 0 | 0 | 0 | 14280 |  | (585) |
| Industrials |  | 809 |  | 1332 | 0 | 0 | 0 |  | (83) | 0 | 0 | 0 | 0 | 0 | 2058 |  | (83) |
| Warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services |  | 0 |  | 8 | 0 | 0 | 0 |  | 1 | 0 | 0 | 0 | 0 | 0 | 9 |  | 1 |
| Financials |  | 9 |  | 0 | (53) | 0 | (6212) |  | 6256 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 |
| Preferred Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 0 |  | 42 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 42 |  | 0 |
|  | $366470 | 366470 | $453951 | 453951 | $(104716) | 375 | $(18930) | $ | 39358 | $594 | 594 | $(39345) | (39345) | (39345) | 697757 | $ | 19778 |
| **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** | **Financial Derivative Instruments – Assets** |
| Over the counter | $117 | 117 | $0 | 0 | $(33) | 0 | $0 | $ | (19) | $0 | 0 | $0 | 0 | 0 | 65 | $ | (19) |
| Totals | $366587 | 366587 | $453951 | 453951 | $(104749) | 375 | $(18930) | $ | 39339 | $594 | 594 | $(39345) | (39345) | (39345) | 697822 | $ | 19759 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs |  | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $ | $47726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | X | 16.360  | 16.360  |  |  |
|  |  |  |  | 216940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 3.940 - 75.000  | 3.940 - 75.000  | 5.693 | 5.693 |
|  |  |  |  | 7051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price |  | 100.000  | 100.000  |  |  |
|  |  |  |  | 14131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 42.500 - 100.500  | 42.500 - 100.500  | 100.119 | 100.119 |

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<br> Schedule of Investments PIMCO Low Duration Income Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 32 | 49 | 110 | 174 | 210 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 29248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.360 - 5.429 | 5.202 |
|  |  | 1645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 |  |
|  |  | 748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 7.250 |  |
|  |  | 105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 6.000 |  |
| Industrials | Industrials | 51307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.500 - 6.700 | 5.069 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | 570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 7.250 - 13.000 | 11.916 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 28184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 98.444 |  |
|  |  | 20018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.092 |  |
|  |  | 117008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 - 100.212 | 100.044 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Other ABS | Other ABS | 139468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.925 - 25.000 | 6.951 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | 5791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $15.542 |  |
|  |  | 1384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount | 12.000 |  |
| Financials | Financials | 44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount | 4.130 |  |
| Health Care | Health Care | 14280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 16.360 |  |
| Industrials | Industrials | 723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $0.563 - 22.563 | 22.197 |
|  |  | 1335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 15.012 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Communication Services | Communication Services | 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Option Pricing Model | &nbsp;&nbsp;&nbsp;&nbsp; Volatility | 65.000 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 11.780 |  |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | 65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.497 |  |
| Total | Total | $697822 |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Low Duration Opportunities Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 132.0% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%**  |  |  |
| **INEOS U.S. Finance LLC**<br>6.966% - 7.384% (TSFR1M + 3.250%) due 02/18/2030 ~ | $100 | $81 |
| **IRB Holding Corp.**<br>6.216% - 8.272% (TSFR1M + 2.500%) due 12/16/2030 ~ | 192 | 193 |
| **LifePoint Health, Inc.**<br>7.335% (TSFR1M + 3.500%) due 05/19/2031 ~ | 99 | 99 |
| Total Loan Participations and Assignments (Cost $372) |  | 373 |
| **CORPORATE BONDS & NOTES 19.8%**  |  |  |
| **BANKING & FINANCE 10.7%**  |  |  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** <br>2.450% due 10/29/2026 | 200 | 197 |
| **Ally Financial, Inc.** <br>5.737% due 05/15/2029 •  | 100 | 103 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 200 | 182 |
| **American Express Co.** <br>3.433% due 05/20/2032 •  | 100 | 118 |
| **American Honda Finance Corp.** <br>4.544% due 08/13/2027 •  | $200 | 200 |
| **American Tower Corp.** <br>2.300% due 09/15/2031 | 200 | 178 |
| **Athene Global Funding** <br>3.054% (EUR003M + 1.000%) due 02/23/2027 ~ | 100 | 118 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | $3 | 3 |
| 4.950% due 01/15/2028  | 100 | 101 |
| 5.375% due 05/30/2030  | 100 | 103 |
| **Bank of America Corp.** <br>4.623% due 05/09/2029 •  | 200 | 203 |
| **Barclays PLC** <br>4.972% due 05/16/2029 •  | 700 | 712 |
| **BGC Group, Inc.** <br>6.150% due 04/02/2030 | 100 | 104 |
| **BNP Paribas SA**  |  |  |
| 1.904% due 09/30/2028 •  | 300 | 289 |
| 7.000% due 08/16/2028 •(d)(e)  | 300 | 308 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 550 | 561 |
| **Brixmor Operating Partnership LP** <br>2.250% due 04/01/2028 | 200 | 192 |
| **CI Financial Corp.** <br>4.625% due 12/12/2031 | 100 | 118 |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | $127 | 120 |
| **Corebridge Financial, Inc.** <br>3.900% due 04/05/2032 | 200 | 190 |
| **Credit Suisse AG AT1 Claim**  | 500 | 148 |
| **Crown Castle, Inc.** <br>3.100% due 11/15/2029 | 200 | 191 |
| **Deutsche Bank AG** <br>3.729% due 01/14/2032 •  | 200 | 189 |
| **Equinix, Inc.** <br>3.900% due 04/15/2032 | 200 | 192 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.615% due 03/15/2028 •  | 300 | 298 |
| 4.369% due 10/21/2031 •  | 200 | 200 |
| **HSBC Holdings PLC** <br>5.210% due 08/11/2028 •  | 100 | 102 |
| **ING Groep NV** <br>4.017% due 03/28/2028 •  | 200 | 200 |
| **Intesa Sanpaolo SpA** <br>7.750% due 01/11/2027 •(d)(e) | 200 | 245 |
| **Jane Street Group/JSG Finance, Inc.** <br>6.750% due 05/01/2033 | $100 | 104 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.947% due 02/24/2028 •  | 200 | 198 |
| 2.963% due 01/25/2033 •  | 200 | 184 |
| 6.070% due 10/22/2027 •  | 200 | 203 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Lazard Group LLC** <br>4.500% due 09/19/2028 | 800 | 806 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.750% due 03/18/2028 •  | 200 | 199 |
| 5.462% due 01/05/2028 •  | 300 | 304 |
| **LPL Holdings, Inc.** <br>5.200% due 03/15/2030 | 100 | 102 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 3.261% due 05/22/2030 •  | 200 | 194 |
| 5.098% due 05/13/2031 •  | 200 | 206 |
| **National Health Investors, Inc.** <br>3.000% due 02/01/2031 | 200 | 182 |
| **NatWest Group PLC** <br>4.800% due 04/05/2026 | 500 | 501 |
| **Nissan Motor Acceptance Co. LLC** <br>2.000% due 03/09/2026 | 100 | 100 |
| **Prologis Euro Finance LLC** <br>3.250% due 09/22/2032 | 100 | 116 |
| **Santander U.K. Group Holdings PLC** <br>3.823% due 11/03/2028 •  | $650 | 646 |
| **Starwood Property Trust, Inc.** <br>6.500% due 10/15/2030 | 50 | 52 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>2.222% due 09/17/2031 | 200 | 178 |
| **UBS Group AG** <br>4.550% due 04/17/2026 | 500 | 501 |
| **VICI Properties LP**  |  |  |
| 4.750% due 04/01/2028  | 100 | 101 |
| 5.125% due 11/15/2031  | 100 | 101 |
| **Wells Fargo & Co.** <br>3.526% due 03/24/2028 •  | 400 | 397 |
|  |  | 11240 |
| **INDUSTRIALS 7.2%**  |  |  |
| **AbbVie, Inc.** <br>4.800% due 03/15/2029 | 200 | 205 |
| **Air Canada** <br>4.625% due 08/15/2029 | 200 | 146 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.250% due 04/15/2030  | $57 | 55 |
| 3.375% due 11/01/2028  | 142 | 140 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.**  |  |  |
| 5.500% due 04/20/2026  | 33 | 33 |
| 5.750% due 04/20/2029  | 100 | 102 |
| **Amgen, Inc.** <br>2.450% due 02/21/2030 | 200 | 187 |
| **Ashtead Capital, Inc.** <br>5.950% due 10/15/2033 | 200 | 212 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 950 | 1005 |
| **BMW U.S. Capital LLC** <br>4.750% due 03/21/2028 | 100 | 101 |
| **Centene Corp.** <br>3.000% due 10/15/2030 | 200 | 179 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital** <br>3.500% due 06/01/2041 | 100 | 71 |
| **Constellation Brands, Inc.** <br>4.750% due 05/09/2032 | 300 | 301 |
| **Embraer Netherlands Finance BV** <br>5.980% due 02/11/2035 | 100 | 106 |
| **FactSet Research Systems, Inc.** <br>3.450% due 03/01/2032 | 200 | 186 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 200 | 234 |
| **Flutter Treasury DAC** <br>4.000% due 06/04/2031 | 100 | 118 |
| **Frontier Communications Holdings LLC** <br>8.750% due 05/15/2030 | $200 | 209 |
| **Grifols SA** <br>3.875% due 10/15/2028 | 200 | 233 |
| **Haleon U.S. Capital LLC** <br>3.375% due 03/24/2027 | $250 | 248 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 100 | 101 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.625% due 02/15/2032  | 100 | 93 |
| 3.750% due 05/01/2029  | 200 | 195 |
| **Hyatt Hotels Corp.** <br>5.050% due 03/30/2028 | 150 | 153 |
| **Hyundai Capital America** <br>4.900% due 06/23/2028 | 200 | 203 |
| **Las Vegas Sands Corp.** <br>5.625% due 06/15/2028 | 100 | 103 |
| **Marriott International, Inc.** <br>2.850% due 04/15/2031 | 200 | 186 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mitchells & Butlers Finance PLC** <br>6.013% due 12/15/2030 | 87 | 118 |
| **National Fuel Gas Co.** <br>5.500% due 03/15/2030 | $100 | 103 |
| **Nissan Motor Co. Ltd.** <br>4.810% due 09/17/2030 | 200 | 189 |
| **Petroleos Mexicanos** <br>6.700% due 02/16/2032 | 199 | 199 |
| **Sands China Ltd.** <br>2.850% due 03/08/2029 | 200 | 190 |
| **T-Mobile USA, Inc.** <br>3.875% due 04/15/2030 | 200 | 197 |
| **TEGNA, Inc.** <br>4.625% due 03/15/2028 | 200 | 198 |
| **United Airlines Pass-Through Trust** <br>5.875% due 04/15/2029 | 68 | 70 |
| **United Airlines, Inc.**  |  |  |
| 4.375% due 04/15/2026  | 100 | 100 |
| 4.625% due 04/15/2029  | 300 | 299 |
| **Viper Energy Partners LLC**  |  |  |
| 4.900% due 08/01/2030  | 100 | 101 |
| 5.700% due 08/01/2035  | 100 | 102 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 6.750% due 01/15/2033  | 200 | 198 |
| 7.750% due 04/15/2032  | 200 | 209 |
| **Volkswagen Group of America Finance LLC** <br>5.650% due 03/25/2032 | 200 | 208 |
|  |  | 7586 |
| **UTILITIES 1.9%**  |  |  |
| **Boston Gas Co.** <br>3.757% due 03/16/2032 | 100 | 95 |
| **Dominion Energy, Inc.** <br>3.375% due 04/01/2030 | 200 | 193 |
| **Edison International** <br>6.250% due 03/15/2030 | 100 | 105 |
| **Enel Finance International NV** <br>5.125% due 06/26/2029 | 300 | 308 |
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 100 | 127 |
| **Georgia Power Co.** <br>4.700% due 05/15/2032 | $300 | 305 |
| **Northumbrian Water Finance PLC** <br>1.625% due 10/11/2026 | 100 | 132 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.250% due 06/01/2031  | $200 | 187 |
| 4.400% due 03/01/2032  | 200 | 195 |
| **Public Service Enterprise Group, Inc.** <br>4.900% due 03/15/2030 | 100 | 102 |
| **Southern California Gas Co.** <br>2.950% due 04/15/2027 | 200 | 198 |
|  |  | 1947 |
| Total Corporate Bonds & Notes (Cost $20,629) |  | 20773 |
| **MUNICIPAL BONDS & NOTES 0.2%**  |  |  |
| **CALIFORNIA 0.2%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.587% due 06/01/2029 | 200 | 188 |
| Total Municipal Bonds & Notes (Cost $200) |  | 188 |
| **U.S. GOVERNMENT AGENCIES 45.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**<br>6.000% due 04/01/2055 | 604 | 631 |
| **Federal National Mortgage Association**<br>4.000% due 04/01/2048 | 333 | 322 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.306% due 03/25/2034 •  | 1 | 1 |
| 4.889% due 04/25/2032 •  | 1 | 1 |
| **Government National Mortgage Association, TBA**  |  |  |
| 5.000% due 01/01/2056 | 3800 | 3792 |
| 6.000% due 01/01/2056 | 4000 | 4077 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 01/01/2056 | 100 | 84 |
| 3.000% due 02/01/2056 | 4300 | 3801 |
| 3.500% due 02/01/2056 | 5900 | 5436 |
| 4.000% due 02/01/2056 | 600 | 569 |
| 4.500% due 02/01/2056 | 2900 | 2829 |
| 5.000% due 02/01/2056 | 10700 | 10661 |
| 5.500% due 02/01/2056 | 3900 | 3951 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.000% due 02/01/2056 | 11400 | 11700 |
| Total U.S. Government Agencies (Cost $47,824) |  | 47855 |
| **U.S. TREASURY OBLIGATIONS 10.3%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.625% due 07/15/2032  | 2690 | 2524 |
| 1.125% due 01/15/2033 (j) | 1858 | 1784 |
| 1.750% due 01/15/2034 (j) | 106 | 105 |
| 1.875% due 07/15/2034  | 2127 | 2137 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 11/15/2034 | 3600 | 3639 |
| 4.875% due 04/30/2026 (j) | 600 | 602 |
| Total U.S. Treasury Obligations (Cost $10,631) |  | 10791 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.2%**  |  |  |
| **American Home Mortgage Investment Trust** <br>6.500% due 03/25/2047 þ | 87 | 51 |
| **Banc of America Funding Trust** <br>6.695% due 06/20/2032 ~ | 9 | 8 |
| **Bear Stearns ALT-A Trust** <br>4.714% due 05/25/2036 ~ | 495 | 234 |
| **Bear Stearns ARM Trust** <br>5.613% due 02/25/2034 ~ | 12 | 11 |
| **Countrywide Alternative Loan Trust** <br>6.000% due 01/25/2036 | 252 | 170 |
| **CSAB Mortgage-Backed Trust** <br>3.986% due 11/25/2036 •  | 835 | 111 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ | 190 | 109 |
| **EMF-NL Prime BV** <br>2.816% due 04/17/2041 •  | 4 | 5 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.410% due 06/25/2034 ~  | $6 | 6 |
| 5.750% due 01/25/2037  | 9 | 5 |
| **HarborView Mortgage Loan Trust** <br>4.302% due 06/19/2036 ~ | 98 | 39 |
| **MASTR Adjustable Rate Mortgages Trust** <br>6.266% due 05/25/2034 ~ | 22 | 21 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.725% due 08/15/2032 •  | 24 | 24 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(a) | 1500 | 1001 |
| **RALI Trust** <br>6.163% due 09/25/2037 ~ | $323 | 213 |
| **Residential Asset Securitization Trust** <br>6.000% due 07/25/2037 | 194 | 70 |
| **Structured Asset Mortgage Investments II Trust** <br>4.346% due 07/19/2035 •  | 12 | 12 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.979% due 03/25/2037 ~  | 270 | 235 |
| 5.429% due 08/25/2042 •  | 5 | 5 |
| Total Non-Agency Mortgage-Backed Securities (Cost $3,149) |  | 2330 |
| **ASSET-BACKED SECURITIES 10.2%**  |  |  |
| **CMBS OTHER 0.6%**  |  |  |
| **AREIT Trust** <br>5.978% due 06/17/2039 •  | 295 | 295 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 296 | 296 |
|  |  | 591 |
| **HOME EQUITY OTHER 4.1%**  |  |  |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.551% due 11/25/2035 •  | 64 | 64 |
| 4.866% due 09/25/2034 •  | 20 | 20 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.306% due 02/25/2037 •  | 499 | 488 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 255 | 259 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.046% due 06/25/2047 •  | 325 | 293 |
| 4.586% due 08/25/2047 •  | 81 | 80 |
| **Fremont Home Loan Trust** <br>4.126% due 01/25/2037 •  | 446 | 231 |
| **HSI Asset Securitization Corp. Trust** <br>4.626% due 01/25/2036 •  | 400 | 356 |
| **IXIS Real Estate Capital Trust** <br>4.306% due 01/25/2037 •  | 108 | 35 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.146% due 09/25/2036 •  | 618 | 214 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.386% due 12/25/2034 •  | 231 | 223 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.366% due 07/25/2036 •  | 886 | 806 |
| 4.446% due 02/25/2036 •  | 12 | 12 |
| **Saxon Asset Securities Trust** <br>4.156% due 09/25/2037 •  | 151 | 147 |
| **SG Mortgage Securities Trust** <br>4.266% due 10/25/2036 •  | 700 | 561 |
| **Soundview Home Loan Trust** <br>4.046% due 06/25/2037 •  | 444 | 308 |
| **WaMu Asset-Backed Certificates WaMu Trust** <br>4.071% due 05/25/2037 •  | 247 | 236 |
|  |  | 4333 |
| **OTHER ABS 5.5%**  |  |  |
| **Aurium CLO IV DAC** <br>2.751% due 01/16/2031 •  | 209 | 246 |
| **Benefit Street Partners CLO XXII Ltd.** <br>5.034% due 04/20/2035 •  | $500 | 500 |
| **BlackRock European CLO VII DAC** <br>2.629% due 10/15/2031 •  | 166 | 196 |
| **Carlyle Euro CLO DAC** <br>3.221% due 08/15/2038 •  | 500 | 588 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(a) | 500 | 588 |
| **Harvest CLO XXII DAC** <br>2.859% due 01/15/2032 •  | 393 | 462 |
| **Jubilee CLO DAC** <br>2.659% due 04/15/2031 •  | 343 | 404 |
| **KKR CLO 12 Ltd.** <br>5.301% due 10/15/2030 •  | $20 | 20 |
| **Northwoods Capital 25 Ltd.** <br>5.004% due 07/20/2034 •  | 500 | 499 |
| **Rockford Tower CLO Ltd.** <br>5.084% due 07/20/2035 •  | 500 | 501 |
| **Romark CLO - IV Ltd.** <br>5.067% due 07/10/2034 •  | 500 | 500 |
| **Shackleton CLO Ltd.** <br>5.084% due 07/20/2034 •  | 500 | 500 |
| **Sierra Madre Funding Ltd.** <br>4.298% due 09/07/2039 •  | 594 | 328 |
| **Venture XXVII CLO Ltd.** <br>5.196% due 07/20/2030 •  | 15 | 15 |
| **Whetstone Park CLO Ltd.** <br>4.954% due 01/20/2035 •  | 500 | 500 |
|  |  | 5847 |
| Total Asset-Backed Securities (Cost $10,814) |  | 10771 |
| **SOVEREIGN ISSUES 14.7%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (b) | 18300 | 3230 |
| **Colombia TES**  |  |  |
| 1.000% due 09/18/2030  | 2292600 | 498 |
| 1.000% due 01/24/2035  | 2570300 | 633 |
| 6.500% due 01/22/2031 (c)  | 2501930 | 660 |
| 11.000% due 08/22/2029  | 718000 | 180 |
| 11.500% due 07/25/2046  | 265500 | 63 |
| 11.750% due 01/24/2035  | 2823800 | 696 |
| 12.750% due 11/28/2040  | 724000 | 188 |
| 13.250% due 02/09/2033  | 626000 | 168 |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 03/12/2029  | $200 | 206 |
| 5.625% due 02/19/2035  | 200 | 209 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 49000 | 228 |
| **Japan Government Thirty Year Bonds** <br>2.300% due 12/20/2054 | 80000 | 410 |
| **Japan Government Twenty Year Bonds** <br>2.000% due 12/20/2044 | 110000 | 611 |
| **Korea Housing Finance Corp.** <br>4.547% (SONIO/N + 0.600%) due 10/14/2028 ~ | 100 | 135 |
| **Mexico Government International Bonds** <br>5.400% due 02/09/2028 | $200 | 205 |
| **Peru Government Bonds**  |  |  |
| 5.940% due 02/12/2029  | 300 | 93 |
| 6.850% due 08/12/2035  | 400 | 128 |
| 7.300% due 08/12/2033  | 2600 | 883 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 1100 | 326 |
| 6.150% due 08/12/2032  | 2600 | 835 |
| 6.900% due 08/12/2037  | 500 | 156 |
| 6.950% due 08/12/2031  | 2481 | 821 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Republic of Poland Government International Bonds** <br>4.625% due 03/18/2029 | $200 | 204 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 29400 | 1737 |
| 8.000% due 01/31/2030  | 10100 | 624 |
| 8.250% due 03/31/2032  | 2200 | 136 |
| 8.500% due 01/31/2037  | 7900 | 474 |
| 9.000% due 01/31/2040  | 2600 | 158 |
| **Republic of South Africa Government International Bonds** <br>4.850% due 09/30/2029 | $400 | 401 |
| **Romania Government International Bonds** <br>1.750% due 07/13/2030 | 200 | 213 |
| Total Sovereign Issues (Cost $14,671) |  | 15509 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **AGFC Capital Trust I**<br>5.916% (US0003M + 1.750%) due 01/15/2067 | 100000 | 67 |
| **Nationwide Building Society**<br>10.250% due 12/31/2049 (d) | 250 | 44 |
| Total Preferred Securities (Cost $107) |  | 111 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 28.6%**  |  |  |
| **COMMERCIAL PAPER 1.4%**  |  |  |
| **Air Lease Corp.** <br>4.180% due 01/09/2026 | $250 | 250 |
| **AMETEK, Inc.** <br>4.020% due 01/12/2026 | 250 | 250 |
| **Conagra Brands, Inc.** <br>4.100% due 01/13/2026 | 250 | 249 |
| **HCA, Inc.**  |  |  |
| 4.120% due 02/12/2026  | 250 | 249 |
| 4.300% due 01/13/2026  | 250 | 250 |
| **Oracle Corp.** <br>4.220% due 01/16/2026 | 250 | 249 |
|  |  | 1497 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (f) | 232224 | 232 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (g) 27.0%** |  | 28400 |
| Total Short-Term Instruments (Cost $30,129) |  | 30129 |
| Total Investments in Securities (Cost $138,526) |  | 138830 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 12.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 12.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 12.2%**  |  |  |
| **PIMCO Short Asset Portfolio** | 463658 | 4552 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 847696 | 8257 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $12,786) | 12809 |
| Total Investments in Affiliates (Cost $12,786) | 12809 |
| Total Investments 144.2% (Cost $151,312) | $151639 |
| **Financial Derivative Instruments (h)(i) (0.3)**%(Cost or Premiums, net $74) | (291) |
| Other Assets and Liabilities, net (43.9)% | (46173) |
| Net Assets 100.0% | $105175 |

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<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(d)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(e)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(g)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| DEU | DEU | 3.870%  | 01/05/2026 | 100 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 07/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 07/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 07/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 07/15/2030 | $(102) | (102) | 100 | $100 |
| FICC STR | FICC STR | 3.820  | 01/02/2026 | 4100 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% due 05/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% due 05/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% due 05/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% due 05/15/2033 | (4182) | (4182) | 4100 | 4101 |
| JPS | JPS | 3.900  | 01/02/2026 | 24200 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 0.125% due 04/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 0.125% due 04/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 0.125% due 04/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 0.125% due 04/15/2026 | (24672) | (24672) | 24200 | 24205 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | $**(28956)** | **(28956)** | **28400** | $**28406** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% | U.S. Government Agencies (3.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | $4400 | 4400 | $ | (3572) | $(3558) |
| **Total Short Sales (3.4)%** | **Total Short Sales (3.4)%** | **Total Short Sales (3.4)%** | **Total Short Sales (3.4)%** | **Total Short Sales (3.4)%** | **Total Short Sales (3.4)%** | **Total Short Sales (3.4)%** |  |  |  | **$** | **(3572)** | $**(3558)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 01/23/2026 | 7 | 7 | 7 | (1) | (1) | (1) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 01/23/2026 | 2 | 2 | 2 | 0 | 0 | (1) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 01/23/2026 | 9 | 9 | 9 | (1) | (1) | (1) |
| Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | Put - EUREX Euro-Bund January 2026 Futures  | 127.500 | 01/23/2026 | 1 | 1 | 1 | (1) | (1) | (1) |
| Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | Call - EUREX Euro-Bund January 2026 Futures  | 130.500 | 01/23/2026 | 1 | 1 | 1 | (1) | (1) | 1 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(4)** | **(4)** | **(3)** |

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<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 03/2026 | 03/2026 | 11 | 2649 | $(9) | (9) | (9) | 0 | 0 | 0 | 0 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2026 | 09/2026 | 09/2026 | 11 | 2659 | (2) | (2) | (2) | 0 | 0 | 0 | (1) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 06/2026 | 06/2026 | 11 | 2653 | (6) | (6) | (6) | 0 | 0 | 0 | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 03/2026 | 03/2026 | 7 | 862 | 5 | 5 | 5 | 1 | 1 | 1 | (1) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 116 | 24220 | 5 | 5 | 5 | 0 | 0 | 0 | (8) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 28 | 3148 | (5) | (5) | (5) | 0 | 0 | 0 | (5) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 8 | 944 | (13) | (13) | (13) | 0 | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  | (25) | (25) | $ | 1 | 1 | $ | (18) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 03/2026 | 3 | (410) | $3 | 3 | 3 | 0 | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 22 | (3298) | 46 | 46 | 46 | 6 | 6 | 6 | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 03/2026 | 7 | (878) | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 5 | (4227) | 29 | 29 | 29 | 9 | 9 | 9 | 0 |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 50 | (5465) | 8 | 8 | 8 | 6 | 6 | 6 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 9 | (1040) | 5 | 5 | 5 | 2 | 2 | 2 | 0 |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 119 | (13687) | 34 | 34 | 34 | 23 | 23 | 23 | 0 |
|  |  |  |  |  |  |  |  |  |  | 126 | 126 | $ | 46 | 46 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **101** | **101** | **$** | **47** | **47** | **$** | **(18)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Boeing Co.  | 1.000% | Quarterly | 12/20/2026 | 0.273 | 0.273 | % | $ | $300 | (1) | 3 | 2 | 2 | 2 | 0 | 0 | 0 |
| Deutsche Bank  | 1.000 | Quarterly | 12/20/2030 | 0.722 | 0.722 |  | EUR | 300 | 4 | 0 | 4 | 4 | 4 | 0 | 0 | 0 |
| Goldman Sachs Group, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.252 | 0.252 |  | $ | $50 | 1 | (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Oracle Corp.  | 1.000 | Quarterly | 06/20/2030 | 1.367 | 1.367 |  |  | 100 | 2 | (3) | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | $6 | (1) | $5 | 5 | 5 | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | (5.000)% | Quarterly | 12/20/2028 | 12/20/2028 | $ | $ | 792 | (47) | (13) | (60) | (60) | (60) | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | 1.000% | Quarterly | 12/20/2028 | 12/20/2028 | $ | $ | 200 | (5) | 6 | 1 | 1 | 1 | 0 | 0 | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 200 | (5) | 3 | (2) | (2) | (2) | 0 | 0 | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 300 | 7 | 0 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | (3) | 9 | 6 | 6 | 6 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 09/17/2030 | 1800 | $(8) | $18 | $10 | 10 | $2 | $0 |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/18/2028 | 810000 | 17 | 8 | 25 | 25 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 02/10/2026 | $2940 | 3 | 2 | 5 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 3200 | 7 | (49) | (42) | (42) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | 10/31/2030 | 100 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 10/31/2030 | 1200 | 0 | (6) | (6) | (6) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 | 800 | 0 | (5) | (5) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 | 700 | 0 | (4) | (4) | (4) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 | 200 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 | 100 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 | 100 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 | 500 | 0 | (5) | (5) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 | 200 | 0 | (2) | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 | 500 | 0 | (6) | (6) | (6) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 300 | 0 | (4) | (4) | (4) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 200 | 0 | (3) | (3) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 03/30/2031 | 1260 | 9 | 183 | 192 | 192 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 1600 | (2) | (17) | (19) | (19) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 4200 | (1) | (41) | (42) | (42) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 2030 | 35 | (36) | (1) | (1) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 3900 | (58) | 54 | (4) | (4) | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 50 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 100 | (1) | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 100 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 100 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 100 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 100 | 0 | (1) | (1) | (1) | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 07/14/2044 | 110 | 0 | 6 | 6 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 300 | 10 | 7 | 17 | 17 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 | 2900 | 605 | 549 | 1154 | 1154 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.999 | Annual | 07/03/2053 | 580 | 31 | 184 | 215 | 215 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.842 | Annual | 09/19/2053 | 500 | 165 | 31 | 196 | 196 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.874 | Annual | 09/19/2053 | 300 | 97 | 20 | 117 | 117 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.060 | Semi-Annual | 10/27/2053 | 300 | 17 | 103 | 120 | 120 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 | 600 | 85 | 13 | 98 | 98 | 2 | 0 |
| Pay | 1-Year BRL-CDI | 11.566 | Maturity | 01/04/2027 | 8700 | 0 | (57) | (57) | (57) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.175 | Maturity | 01/02/2029 | 3200 | 0 | (3) | (3) | (3) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.268 | Maturity | 01/02/2029 | 5800 | 0 | 3 | 3 | 3 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 | 18100 | 4 | (10) | (6) | (6) | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.500 | Quarterly | 04/28/2028 | 2833600 | 0 | 37 | 37 | 37 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 8.750 | Quarterly | Quarterly | 09/18/2030 |  | 1788200 |  | 0 |  | 35 |  | 35 |  | 0 | 0 |  | (1) |
| Pay | Pay | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 9.655 | Quarterly | Quarterly | 01/24/2035 |  | 90000 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | 0 |
| Pay | Pay | 3-Month COP-IBR Compounded-OIS | 3-Month COP-IBR Compounded-OIS | 9.820 | Quarterly | Quarterly | 01/24/2035 |  | 426700 |  | 0 |  | (7) |  | (7) |  | 0 | 0 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 3-Month PLN-WIBOR | 4.723 | Annual | Annual | 12/01/2035 | PLN | 470 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 3-Month PLN-WIBOR | 4.685 | Annual | Annual | 12/02/2035 |  | 100 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 09/18/2034 | AUD | 4400 |  | 1 |  | (39) |  | (38) |  | 0 | 0 |  | (5) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 06/18/2035 |  | 3900 |  | 67 |  | (119) |  | (52) |  | 0 | 0 |  | (5) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.523 | Annual | Annual | 12/01/2035 | CZK | 2620 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.485 | Annual | Annual | 12/02/2035 |  | 500 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.950 | Annual | Annual | 06/12/2029 | EUR | 160 |  | 0 |  | 6 |  | 6 |  | 0 | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 03/18/2031 |  | 400 |  | 2 |  | (4) |  | (2) |  | 0 | 0 |  | (1) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.415 | Annual | Annual | 07/09/2035 |  | 1800 |  | 0 |  | (38) |  | (38) |  | 0 | 0 |  | (2) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 |  | 700 |  | 0 |  | (15) |  | (15) |  | 0 | 0 |  | (1) |
|  |  |  |  |  |  |  |  |  | $ | $1085 | 1085 | $780 | 780 | $1865 | 1865 | $60 | 60 | 60 | $(15) | (15) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**1041** | **1041** | $**775** | **775** | $**1816** | **1816** | $**60** | **60** | **60** | $**(15)** | **(15)** |
| **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $1,794 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $19 | 19 | 19 | JPY | 2980 | 2980 | 2980 | 0 | 0 | 0 | 0 | $0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | BRL | 842 | 842 | 842 | $ | $153 | 153 | 153 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 81593 | 81593 | 81593 |  | 21 | 21 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | EUR | 86 | 86 | 86 |  | 101 | 101 | 101 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 31238 | 31238 | 31238 |  | 22 | 22 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 220 | 220 | 220 |  | 60 | 60 | 60 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 649 | 649 | 649 |  | 20 | 20 | 20 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 576 | 576 | 576 |  | 19 | 19 | 19 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $155 | 155 | 155 | BRL | 842 | 842 | 842 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 203 | 203 | 203 | INR | 18553 | 18553 | 18553 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 140 | 140 | 140 | PLN | 511 | 511 | 511 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 14 | 14 | 14 | TWD | 430 | 430 | 430 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | COP | 1451 | 1451 | 1451 | $ | $0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 203 | 203 | 203 |  | 64 | 64 | 64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 966 | 966 | 966 |  | 287 | 287 | 287 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | $ | $41 | 41 | 41 | ZAR | 744 | 744 | 744 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 386 | 386 | 386 | $ | $252 | 252 | 252 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 24 | 24 | 24 |  | 30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 1567 | 1567 | 1567 |  | 222 | 222 | 222 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 37 | 37 | 37 |  | 50 | 50 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 527 | 527 | 527 |  | 163 | 163 | 163 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 6311 | 6311 | 6311 |  | 70 | 70 | 70 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 8400 | 8400 | 8400 |  | 54 | 54 | 54 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 376 | 376 | 376 |  | 214 | 214 | 214 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 292 | 292 | 292 |  | 80 | 80 | 80 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 2490 | 2490 | 2490 |  | 81 | 81 | 81 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $284 | 284 | 284 | CNH | 1986 | 1986 | 1986 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 30 | 2710 | 0 | 0 |
|  | 01/2026  | 181 | 655 | 2 | 0 |
|  | 01/2026  | 614 | 19249 | 1 | (2) |
|  | 01/2026  | 205 | 3418 | 1 | 0 |
|  | 01/2026  | 1514 | $91 | 0 | (1) |
|  | 02/2026  | 39535 | 10 | 0 | 0 |
|  | 02/2026  | $66 | 5936 | 0 | 0 |
|  | 02/2026  | 169 | 5298 | 0 | 0 |
|  | 04/2026  | 2700 | $473 | 0 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 97 | 113 | 0 | (1) |
|  | 01/2026  | 97 | 30 | 0 | 0 |
|  | 01/2026  | $34 | 123 | 1 | 0 |
|  | 01/2026  | 215 | 9701 | 8 | 0 |
|  | 01/2026  | 5780 | $334 | 0 | (15) |
|  | 02/2026  | 87 | 27 | 0 | 0 |
|  | 02/2026  | $512 | 23368 | 12 | 0 |
|  | 03/2026  | 229 | $11 | 0 | 0 |
|  | 03/2026  | $219 | 4063 | 5 | 0 |
|  | 03/2026  | 576 | 26254 | 8 | 0 |
|  | 08/2026  | 20 | 352 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 838 | $151 | 0 | (2) |
|  | 01/2026  | 7347 | 47 | 0 | 0 |
|  | 01/2026  | 1200 | 335 | 0 | (21) |
|  | 01/2026  | $152 | 838 | 1 | 0 |
|  | 02/2026  | 4 | $0 | 0 | 0 |
|  | 02/2026  | $151 | 844 | 2 | 0 |
|  | 03/2026  | 2788 | $798 | 0 | (29) |
|  | 04/2026  | 5100 | 898 | 1 | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 321 | 46 | 0 | 0 |
|  | 01/2026  | 1205805 | 312 | 1 | (4) |
|  | 01/2026  | 34 | 45 | 0 | (1) |
|  | 01/2026  | 8900 | 57 | 1 | 0 |
|  | 01/2026  | 121 | 70 | 0 | 0 |
|  | 01/2026  | 1752 | 490 | 0 | (31) |
|  | 01/2026  | 11823 | 390 | 13 | 0 |
|  | 01/2026  | $152 | 230 | 1 | 0 |
|  | 01/2026  | 80 | 560 | 0 | 0 |
|  | 01/2026  | 28 | 104024 | 0 | 0 |
|  | 01/2026  | 19 | 62 | 0 | 0 |
|  | 01/2026  | 961 | 85881 | 1 | (8) |
|  | 01/2026  | 45 | 153 | 0 | 0 |
|  | 01/2026  | 20 | 71 | 0 | 0 |
|  | 01/2026  | 7 | 219 | 0 | 0 |
|  | 01/2026  | 116 | 3634 | 0 | (1) |
|  | 01/2026  | 157 | 2666 | 3 | 0 |
|  | 02/2026  | 4676633 | $1202 | 0 | (14) |
|  | 02/2026  | 160 | 50 | 0 | 0 |
|  | 02/2026  | 786 | 214 | 0 | (20) |
|  | 02/2026  | $4 | 121 | 0 | 0 |
|  | 03/2026  | 198564 | $52 | 1 | 0 |
|  | 03/2026  | 2874 | 822 | 0 | (31) |
|  | 03/2026  | $63 | 221 | 3 | 0 |
|  | 04/2026  | 89558 | $23 | 0 | 0 |
|  | 05/2026  | 637 | 180 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 146 | 45 | 0 | (1) |
|  | 01/2026  | 29695 | 20 | 0 | 0 |
|  | 01/2026  | 86 | 50 | 0 | 0 |
|  | 01/2026  | $72 | 231 | 0 | 0 |
|  | 01/2026  | 290 | 25830 | 0 | (3) |
|  | 01/2026  | 160 | 234734 | 3 | 0 |
|  | 01/2026  | 90 | 1512 | 1 | 0 |
|  | 01/2026  | 10301 | $591 | 0 | (30) |
|  | 02/2026  | 230 | 72 | 0 | 0 |
|  | 02/2026  | $5 | 164 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 583 | $378 | 0 | (10) |
|  | 01/2026  | 24 | 30 | 0 | 0 |
|  | 01/2026  | 781 | 111 | 0 | (1) |
|  | 01/2026  | 296 | 169 | 0 | (1) |
|  | 01/2026  | 206 | 61 | 0 | (1) |
|  | 01/2026  | $38 | 123 | 0 | 0 |
|  | 01/2026  | 1148 | 21290 | 32 | 0 |
|  | 01/2026  | 357 | 1202 | 1 | 0 |
|  | 01/2026  | 244 | 893 | 4 | 0 |
|  | 01/2026  | 9395 | $546 | 0 | (20) |
|  | 02/2026  | 123 | 38 | 0 | 0 |
|  | 03/2026  | 303 | 89 | 0 | (1) |
|  | 06/2026  | 1208 | 357 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | $12 | 10 | 0 | 0 |
|  | 01/2026  | 130 | 919 | 2 | 0 |
|  | 01/2026  | 197 | 719 | 4 | 0 |
|  | 01/2026  | 24 | 756 | 0 | 0 |
|  | 01/2026  | 5312 | $308 | 0 | (12) |
|  | 02/2026  | $93 | 1720 | 2 | 0 |
|  | 02/2026  | 59 | 2702 | 2 | 0 |
|  | 03/2026  | 59 | $11 | 0 | 0 |
|  | 03/2026  | 33563 | 9 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 03/2026  | 03/2026  | $1947 | 1947 | 1947 | BRL | 10790 |  | 0 | 0 | 0 |  | (4) |
|  |  | 04/2026  | 04/2026  | 10500 | 10500 | 10500 | $ | 1851 |  | 5 | 5 | 5 |  | (31) |
|  |  | 04/2026  | 04/2026  | $299 | 299 | 299 | MXN | 5489 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 01/2026  | 3251 | 3251 | 3251 | $ | 462 |  | 0 | 0 | 0 |  | (5) |
|  |  | 01/2026  | 01/2026  | 642 | 642 | 642 |  | 197 |  | 0 | 0 | 0 |  | (5) |
|  |  | 01/2026  | 01/2026  | 5304 | 5304 | 5304 |  | 60 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 282733 | 282733 | 282733 |  | 197 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 173 | 173 | 173 |  | 100 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 551 | 551 | 551 |  | 150 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 01/2026  | $160 | 160 | 160 | CNH | 1125 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 117 | 117 | 117 | INR | 10382 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 177 | 177 | 177 | PLN | 653 |  | 5 | 5 | 5 |  | 0 |
|  |  | 01/2026  | 01/2026  | 2561 | 2561 | 2561 | $ | 149 |  | 0 | 0 | 0 |  | (5) |
|  |  | 02/2026  | 02/2026  | 32974 | 32974 | 32974 |  | 9 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | $197 | 197 | 197 | KRW | 282362 |  | 0 | 0 | 0 |  | (1) |
|  |  | 02/2026  | 02/2026  | 160 | 160 | 160 | MXN | 2973 |  | 4 | 4 | 4 |  | 0 |
|  |  | 03/2026  | 03/2026  | 12 | 12 | 12 | $ | 0 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | $91 | 91 | 91 | MXN | 1686 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 1543 | 1543 | 1543 | $ | 1097 |  | 0 | 0 | 0 |  | (29) |
|  |  | 01/2026  | 01/2026  | 40 | 40 | 40 |  | 50 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 70 | 70 | 70 |  | 94 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 25100 | 25100 | 25100 |  | 162 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 121 | 121 | 121 |  | 70 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 1907 | 1907 | 1907 |  | 1470 |  | 0 | 0 | 0 |  | (15) |
|  |  | 01/2026  | 01/2026  | $247 | 247 | 247 | GBP | 185 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 01/2026  | 20 | 20 | 20 | INR | 1786 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 103 | 103 | 103 | JPY | 16064 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 44 | 44 | 44 | PLN | 162 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 54 | 54 | 54 | SEK | 519 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 01/2026  | 15 | 15 | 15 | THB | 492 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 21 | 21 | 21 | TWD | 664 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 43 | 43 | 43 | MXN | 789 |  | 1 | 1 | 1 |  | 0 |
|  |  | 03/2026  | 03/2026  | 40 | 40 | 40 |  | 731 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 73 | 73 | 73 |  | 1358 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 0 | 0 | 0 | JPY | 17 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 323 | 323 | 323 | $ | 100 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | $73 | 73 | 73 | MXN | 1340 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | 48679 | 48679 | 48679 | $ | 33 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | $107 | 107 | 107 | KRW | 157452 |  | 2 | 2 | 2 |  | 0 |
|  |  | 03/2026  | 03/2026  | 84 | 84 | 84 | TRY | 3846 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 2598 | 2598 | 2598 | $ | 370 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 01/2026  | 196366 | 196366 | 196366 |  | 12 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 907 | 907 | 907 |  | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 5369 | 5369 | 5369 |  | 35 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 28245 | 28245 | 28245 |  | 934 |  | 35 | 35 | 35 |  | 0 |
|  |  | 01/2026  | 01/2026  | $20 | 20 | 20 | INR | 1780 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 2654 | 2654 | 2654 | $ | 3072 |  | 0 | 0 | 0 |  | (48) |
|  |  | 01/2026  | 01/2026  | 21320 | 21320 | 21320 |  | 136 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | $475 | 475 | 475 | PEN | 1600 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | 02/2026  | 43 | 43 | 43 | MXN | 790 |  | 1 | 1 | 1 |  | 0 |
|  |  | 03/2026  | 03/2026  | 74 | 74 | 74 | $ | 4 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 03/2026  | 1605 | 1605 | 1605 |  | 475 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 03/2026  | 03/2026  | 5513 | 5513 | 5513 | $ | 176 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 136 | 136 | 136 |  | 170 |  | 0 | 0 | 0 |  | (2) |
|  |  | 01/2026  | 01/2026  | 219 | 219 | 219 |  | 60 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | $202 | 202 | 202 | PLN | 734 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 01/2026  | 10091 | 10091 | 10091 | $ | 580 |  | 0 | 0 | 0 |  | (28) |
|  |  | 02/2026  | 02/2026  | $40 | 40 | 40 | MXN | 734 |  | 1 | 1 | 1 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**207** | **207** | **207** | **$** | $**(500)** | **(500)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | 5.350 | 273 | 273 | 273 | $4 | 4 | $ | $1 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1419.000 | 200 | 200 | 200 | 1 | 1 |  | 1 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | 18.000 | 410 | 410 | 410 | 20 | 20 |  | 33 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1423.000 | 100 | 100 | 100 | 1 | 1 |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  | $26 | 26 | $ | $36 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.470% | 4.470% | 300 | 300 | 300 | $27 | 27 | $ | $22 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.470 | 4.470 | 300 | 300 | 300 | 27 | 27 |  | 26 |
| DUB | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757 | 3.757 | 12000 | 12000 | 12000 | 9 | 9 |  | 6 |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| JPM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.808 | 3.808 | 07/31/2034 | 07/31/2034 | 500 | 44 | 26 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.808 | 3.808 | 07/31/2034 | 07/31/2034 | 500 | 44 | 52 |
| MYC | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 10300 | 8 | 5 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.800 | 3.800 | 07/12/2034 | 07/12/2034 | 1100 | 95 | 56 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.800 | 3.800 | 07/12/2034 | 07/12/2034 | 1100 | 95 | 114 |
| NGF | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 100 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $349 | $307 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**375** | $**343** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | 5.120 | 5.120 | 02/04/2026 | 273 | $(1) | $0 |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  | 5.640 | 5.640 | 02/04/2026 | 273 | (2) | (3) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1383.000 | 1383.000 | 02/12/2026 | 200 | 0 | 0 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | 17.000 | 17.000 | 08/19/2026 | 820 | (20) | (31) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1385.000 | 1385.000 | 02/12/2026 | 100 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $(23) | $(34) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BPS | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625% | 3.625% | 01/08/2026 | 01/08/2026 | 100 | $0 | $0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 100 | 0 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.622 | 3.622 | 01/29/2026 | 01/29/2026 | 200 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 200 | 0 | (1) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 200 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 | 200 | 0 | 0 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.548 | 3.548 | 01/02/2026 | 01/02/2026 | 400 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.848 | 3.848 | 01/02/2026 | 01/02/2026 | 400 | (1) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.578 | 3.578 | 01/12/2026 | 01/12/2026 | 100 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.878 | 3.878 | 01/12/2026 | 01/12/2026 | 100 | 0 | 0 |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 200 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 200 | (1) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 200 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 200 | (1) | 0 |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.498 | 3.498 | 01/05/2026 | 01/05/2026 | 300 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.798 | 3.798 | 01/05/2026 | 01/05/2026 | 300 | (1) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 200 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 200 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | $(9) | $(2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(32)** | $**(36)** |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BRC | BRC | ABX.HE.AAA.7-1 Index « | (0.090)% | Monthly | Monthly | 08/25/2037 | 45 | $ | 32 | (26) | (26) | 6 | 0 |
| GST | GST | ABX.HE.AAA.7-1 Index « | (0.090) | Monthly | Monthly | 08/25/2037 | 133 |  | 97 | (78) | (78) | 19 | 0 |
| MYC | MYC | ABX.HE.AAA.7-1 Index « | (0.090) | Monthly | Monthly | 08/25/2037 | 222 |  | 161 | (129) | (129) | 32 | 0 |
|  |  |  |  |  |  |  |  |  | 290 | $(233) | (233) | $57 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| JPM | JPM | ABX.HE.AAA.6-2 Index « | 0.110% | Monthly | Monthly | 05/25/2046 | 5565 | $ | (1549) | 1112 | 1112 | 0 | (437) |
| MYC | MYC | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 | 600 |  | (21) | 23 | 23 | 2 | 0 |
| SAL | SAL | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 | 400 |  | (12) | 13 | 13 | 1 | 0 |
| UAG | UAG | CMBX.NA.AAA.10 Index  | 0.500 | Monthly | Monthly | 11/17/2059 | 400 |  | (14) | 15 | 15 | 1 | 0 |
|  |  |  |  |  |  |  |  |  | (1596) | $1163 | 1163 | $4 | $(437) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(1306)** | $**930** | **930** | $**61** | $**(437)** |
| **(j)** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $565 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $373 | 373 | $0 | 0 | $ | 373 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 11240 | 11240 | 0 | 0 |  | 11240 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 7586 | 7586 | 0 | 0 |  | 7586 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 1947 | 1947 | 0 | 0 |  | 1947 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | California | California | 0 | 0 | 188 | 188 | 0 | 0 |  | 188 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 47855 | 47855 | 0 | 0 |  | 47855 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 10791 | 10791 | 0 | 0 |  | 10791 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 1329 | 1329 | 1001 | 1001 |  | 2330 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 591 | 591 | 0 | 0 |  | 591 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 4333 | 4333 | 0 | 0 |  | 4333 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 5847 | 5847 | 0 | 0 |  | 5847 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 15509 | 15509 | 0 | 0 |  | 15509 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 44 | 44 | 67 | 67 | 0 | 0 |  | 111 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 1497 | 1497 | 0 | 0 |  | 1497 |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 232 | 232 | 0 | 0 |  | 232 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 28400 | 28400 | 0 | 0 |  | 28400 |  |
|  |  |  |  |  | $44 | 44 | $137785 | 137785 | $1001 | 1001 | $ | 138830 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $12809 | 12809 | $0 | 0 | $0 | 0 | $ | 12809 |  |

---

------

<br> Schedule of Investments PIMCO Low Duration Opportunities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Total Investments | $12853 | $137785 | $1001 | $151639 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(3558) | $0 | $(3558) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 16 | 91 | 0 | 107 |
| Over the counter | 0 | 554 | 57 | 611 |
|  | $16 | $645 | $57 | $718 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (1) | (35) | 0 | (36) |
| Over the counter | 0 | (536) | (437) | (973) |
|  | $(1) | $(571) | $(437) | $(1009) |
| Total Financial Derivative Instruments | $15 | $74 | $(380) | $(291) |
| Totals | $12868 | $134301 | $621 | $147790 |
| **There were no significant transfers into or out of Level 3 during the period ended 12/31/2025.** | **There were no significant transfers into or out of Level 3 during the period ended 12/31/2025.** | **There were no significant transfers into or out of Level 3 during the period ended 12/31/2025.** | **There were no significant transfers into or out of Level 3 during the period ended 12/31/2025.** | **There were no significant transfers into or out of Level 3 during the period ended 12/31/2025.** |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 109.0% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%**  |  |  |
| **Alfa-Bank CJSC**<br>6.330% - 8.066% due 10/21/2026 «~(i) | $324 | $324 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/03/2031 ~µ | 295 | 300 |
| TBD% due 01/05/2032 «µ | 312 | 313 |
| TBD% (TSFR1M + 4.500%) due 01/03/2031 ~ | 1334 | 1357 |
| **Jane Street Group LLC**<br>5.822% - 9.234% (TSFR3M + 2.000%) due 12/15/2031 ~ | 1691 | 1686 |
| **Pantheon Senior Debt Secondaries III**<br>6.026% - 8.831% due 03/26/2026 «~(i) | 500 | 500 |
| **Project Alpha Investindustrial**<br>4.150% - 9.695% (EUR003M + 2.100%) due 02/27/2026 «~(i) | 284 | 333 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | $700 | 706 |
| **Quikrete Holdings, Inc.**<br>5.966% - 8.949% (TSFR1M + 2.250%) due 02/10/2032 ~ | 993 | 997 |
| Total Loan Participations and Assignments (Cost $6,424) |  | 6516 |
| **CORPORATE BONDS & NOTES 13.4%**  |  |  |
| **BANKING & FINANCE 6.6%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 250 | 258 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** <br>4.375% due 11/15/2030 | 3000 | 2992 |
| **Aircastle Ltd./Aircastle Ireland DAC** <br>5.000% due 09/15/2030 | 800 | 809 |
| **American Express Co.** <br>3.433% due 05/20/2032 •  | 1200 | 1419 |
| **American Tower Corp.** <br>5.800% due 11/15/2028 | $4300 | 4490 |
| **ARES Strategic Income Fund**  |  |  |
| 4.850% due 01/15/2029  | 900 | 890 |
| 5.450% due 09/09/2028  | 1600 | 1615 |
| **Athene Global Funding** <br>3.054% (EUR003M + 1.000%) due 02/23/2027 ~ | 2600 | 3070 |
| **Avilease Capital Ltd.** <br>4.750% due 11/12/2030 | $600 | 596 |
| **Avolon Holdings Funding Ltd.** <br>4.950% due 10/15/2032 | 1500 | 1487 |
| **Bank of America Corp.**  |  |  |
| 4.948% due 07/22/2028 •  | 700 | 710 |
| 5.162% due 01/24/2031 •  | 1400 | 1446 |
| 5.819% due 09/15/2029 •  | 2400 | 2505 |
| **Blackstone Reg Finance Co. LLC** <br>4.300% due 11/03/2030 | 1900 | 1900 |
| **Broadstone Net Lease LLC** <br>5.000% due 11/01/2032 | 300 | 301 |
| **Cape Lookout Re Ltd.** <br>10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~ | 850 | 901 |
| **CFE Fibra E** <br>5.875% due 09/23/2040 | 893 | 893 |
| **COPT Defense Properties LP** <br>4.500% due 10/15/2030 | 400 | 399 |
| **Corp0hrg0** <br>5.330% due 06/07/2035 «(i) | 600 | 617 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 1100 | 347 |
| 10.100% due 12/15/2043  | 4900 | 1585 |
| **DAE Sukuk Difc Ltd.** <br>4.500% due 10/16/2030 | $1800 | 1779 |
| **Dai-ichi Life Insurance Co. Ltd.** <br>6.200% due 01/16/2035 •(f) | 1800 | 1888 |
| **East Lane Re VII Ltd.** <br>12.550% (JMMMUSTF + 8.890%) due 03/31/2026 ~ | 1000 | 1018 |
| **Equinix Europe 2 Financing Corp. LLC** <br>4.600% due 11/15/2030 | 2200 | 2207 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 1000 | 1039 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.900% due 02/16/2028  | 400 | 385 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.815% due 11/02/2027  | 900 | 887 |
| 4.125% due 08/17/2027  | 1800 | 1786 |
| 4.271% due 01/09/2027  | 600 | 597 |
| 4.950% due 05/28/2027  | 400 | 402 |
| 5.800% due 03/08/2029  | 1000 | 1022 |
| 5.918% due 03/20/2028  | 900 | 921 |
| 6.800% due 05/12/2028  | 2600 | 2714 |
| **GA Global Funding Trust**  |  |  |
| 4.500% due 09/18/2030  | 150 | 149 |
| 5.200% due 12/09/2031  | 1250 | 1269 |
| 5.500% due 04/01/2032  | 550 | 563 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 500 | 500 |
| **Goldman Sachs Group, Inc.** <br>5.218% due 04/23/2031 •  | 1000 | 1033 |
| **HPS Corporate Lending Fund**  |  |  |
| 4.900% due 09/11/2028  | 200 | 199 |
| 5.300% due 06/05/2027  | 2100 | 2114 |
| **Integrity RE III Ltd.**  |  |  |
| 13.292% (T-BILL 1MO + 9.750%) due 06/06/2027 ~  | 250 | 261 |
| 15.792% (T-BILL 1MO + 12.250%) due 06/06/2028 ~  | 250 | 264 |
| 29.042% (T-BILL 1MO + 25.500%) due 06/06/2027 ~  | 250 | 288 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | 400 | 457 |
| **Jackson National Life Global Funding** <br>4.933% (SOFRRATE + 0.970%) due 01/14/2028 ~ | 500 | 502 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.960% due 01/29/2027 •  | 458 | 458 |
| 5.103% due 04/22/2031 •  | 5950 | 6146 |
| 5.140% due 01/24/2031 •  | 2000 | 2068 |
| **Kizuna RE III Pte. Ltd.** <br>6.292% (T-BILL 3MO + 2.750%) due 04/09/2029 ~ | 250 | 256 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>5.500% due 08/01/2030 | 200 | 205 |
| **Lloyds Banking Group PLC**  |  |  |
| 4.425% due 11/04/2031 •  | 900 | 897 |
| 4.849% (SOFRINDX + 1.060%) due 11/26/2028 ~  | 800 | 804 |
| **Met Tower Global Funding** <br>4.200% due 09/16/2030 | 1200 | 1196 |
| **Morgan Stanley**  |  |  |
| 4.210% due 04/20/2028 •  | 941 | 943 |
| 5.123% due 02/01/2029 •  | 2648 | 2703 |
| 5.664% due 04/17/2036 •  | 1580 | 1659 |
| **Morgan Stanley Private Bank NA**  |  |  |
| 4.465% due 11/19/2031 •  | 5000 | 5014 |
| 4.734% due 07/18/2031 •  | 2000 | 2028 |
| **National Health Investors, Inc.** <br>5.350% due 02/01/2033 | 300 | 300 |
| **NatWest Group PLC** <br>3.073% due 05/22/2028 •  | 200 | 198 |
| **NatWest Markets PLC**  |  |  |
| 4.789% due 03/21/2028  | 1800 | 1831 |
| 4.915% (SOFRRATE + 1.190%) due 03/21/2030 ~  | 500 | 506 |
| **Nissan Motor Acceptance Co. LLC** <br>1.850% due 09/16/2026 | 3800 | 3719 |
| **Nomura Holdings, Inc.** <br>4.904% due 07/01/2030 | 400 | 406 |
| **Norinchukin Bank**  |  |  |
| 4.674% due 09/09/2030  | 500 | 504 |
| 5.359% due 09/09/2035  | 400 | 406 |
| **OneMain Finance Corp.** <br>6.750% due 09/15/2033 | 700 | 710 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 250 | 306 |
| **Polestar Re Ltd.**  |  |  |
| 14.110% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | $400 | 421 |
| 16.860% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 900 | 939 |
| **Prologis Targeted U.S. Logistics Fund LP** <br>4.250% due 01/15/2031 | 700 | 695 |
| **Protective Life Corp.** <br>4.700% due 01/15/2031 | 300 | 301 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 250 | 294 |
| **Quercus Re DAC** <br>10.050% (EUR003M + 8.000%) due 01/06/2031 ~ | 250 | 301 |
| **RGA Global Funding** <br>4.600% due 11/25/2030 | $1300 | 1301 |
| **Sammons Financial Group Global Funding** <br>4.800% due 12/12/2030 | 2400 | 2407 |
| **Sanders Re III Ltd.** <br>15.930% (BRMMUSDF + 12.320%) due 04/09/2029 ~ | 2600 | 1534 |
| **Santander Holdings USA, Inc.**  |  |  |
| 5.353% due 09/06/2030 •  | 300 | 307 |
| 5.473% due 03/20/2029 •  | 2600 | 2658 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 4.320% due 09/22/2029 •  | 2000 | 2002 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.534% due 01/10/2029 •  | 400 | 418 |
| **Sixth Street Lending Partners** <br>6.500% due 03/11/2029 | 600 | 622 |
| **State Street Corp.** <br>4.784% due 10/23/2036 •  | 1600 | 1592 |
| **Torrey Pines Re Ltd.** <br>9.696% (JMMMUSTF + 6.036%) due 06/07/2032 ~ | 300 | 314 |
| **U.S. Bancorp** <br>5.046% due 02/12/2031 •  | 3000 | 3083 |
| **UBS Group AG**  |  |  |
| 3.126% due 08/13/2030 •  | 400 | 383 |
| 3.869% due 01/12/2029 •  | 1600 | 1592 |
| 5.428% due 02/08/2030 •  | 700 | 724 |
| 5.617% due 09/13/2030 •  | 1100 | 1149 |
| **Ursa Re Ltd.** <br>9.130% (BNMMDTSC + 5.500%) due 12/07/2026 ~ | 1100 | 1132 |
| **VICI Properties LP**  |  |  |
| 5.125% due 11/15/2031  | 900 | 912 |
| 5.625% due 04/01/2035  | 1100 | 1124 |
| **Vitality Re XVI Ltd.**  |  |  |
| 5.370% (MSMMUSTF + 1.750%) due 01/08/2030 ~  | 250 | 250 |
| 7.370% (MSMMUSTF + 3.750%) due 01/08/2030 ~  | 250 | 251 |
| **Wells Fargo & Co.** <br>3.526% due 03/24/2028 •  | 3500 | 3478 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 250 | 302 |
| **Winston RE Ltd.** <br>15.320% (BNMMDTSC + 11.690%) due 02/26/2031 ~ | $700 | 742 |
|  |  | 117965 |
| **INDUSTRIALS 4.6%**  |  |  |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | 192 | 184 |
| **Alphabet, Inc.** <br>3.500% due 11/06/2038 | 500 | 569 |
| **Amcor Flexibles North America, Inc.** <br>4.800% due 03/17/2028 | $1600 | 1624 |
| **American Airlines Pass-Through Trust** <br>3.375% due 11/01/2028 | 190 | 187 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 17850 | 18875 |
| **Berry Global, Inc.** <br>1.570% due 01/15/2026 | 3600 | 3596 |
| **BMW U.S. Capital LLC** <br>4.650% due 03/19/2027 | 2000 | 2017 |
| **Broadcom, Inc.**  |  |  |
| 2.450% due 02/15/2031  | 1368 | 1252 |
| 3.137% due 11/15/2035  | 831 | 716 |
| 3.419% due 04/15/2033  | 3759 | 3481 |
| **Canadian Natural Resources Ltd.** <br>5.000% due 12/15/2029 | 800 | 821 |
| **Carnival Corp.** <br>5.125% due 05/01/2029 | 800 | 809 |
| **Cencora, Inc.** <br>3.625% due 05/22/2032 | 700 | 829 |
| **Cenovus Energy, Inc.** <br>4.650% due 03/20/2031 | $700 | 698 |
| **Centene Corp.** <br>2.625% due 08/01/2031 | 100 | 86 |
| **Clydesdale Acquisition Holdings, Inc.** <br>6.750% due 04/15/2032 | 550 | 566 |
| **CommonSpirit Health** <br>4.352% due 09/01/2030 | 1500 | 1494 |
| **Constellation Brands, Inc.** <br>4.800% due 05/01/2030 | 1000 | 1017 |
| **Corp. Nacional del Cobre de Chile** <br>6.330% due 01/13/2035 | 500 | 535 |
| **Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC** <br>5.600% due 01/15/2031 | 700 | 707 |
| **Embraer Netherlands Finance BV** <br>5.980% due 02/11/2035 | 750 | 797 |
| **Eni SpA** <br>5.750% due 05/19/2035 | 800 | 838 |
| **Global Payments, Inc.** <br>4.500% due 11/15/2028 | 1200 | 1202 |
| **HCA, Inc.**  |  |  |
| 4.600% due 11/15/2032  | 2400 | 2379 |
| 5.450% due 04/01/2031  | 1400 | 1462 |
| 5.450% due 09/15/2034  | 800 | 824 |
| **Heathrow Funding Ltd.** <br>6.450% due 12/10/2033 | 100 | 145 |
| **Imperial Brands Finance Netherlands BV** <br>5.250% due 02/15/2031 | 2400 | 3045 |
| **Intralot Capital Luxembourg SA** <br>6.500% due 10/15/2031 •  | 1300 | 1513 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kinder Morgan, Inc.** <br>5.850% due 06/01/2035 | $2800 | 2963 |
| **Las Vegas Sands Corp.** <br>5.625% due 06/15/2028 | 5900 | 6050 |
| **Mattel, Inc.** <br>5.000% due 11/17/2030 | 350 | 353 |
| **Medtronic, Inc.**  |  |  |
| 2.950% due 10/15/2030  | 200 | 235 |
| 4.200% due 10/15/2045  | 300 | 344 |
| **Miller Homes Group Finco PLC** <br>6.314% due 10/15/2030 •  | 1000 | 1195 |
| **National Football League**  |  |  |
| 4.780% due 10/05/2030 «(i)  | $2000 | 2035 |
| 5.250% due 10/05/2034 «(i)  | 1700 | 1734 |
| **PeaceHealth Obligated Group** <br>4.335% due 11/15/2028 | 700 | 704 |
| **Philip Morris International, Inc.**  |  |  |
| 3.250% due 06/06/2032  | 1700 | 1977 |
| 4.250% due 10/29/2032  | $300 | 295 |
| **Post Holdings, Inc.** <br>6.500% due 03/15/2036 | 1200 | 1203 |
| **Santos Finance Ltd.** <br>5.750% due 11/13/2035 | 500 | 498 |
| **TD SYNNEX Corp.** <br>4.300% due 01/17/2029 | 1100 | 1098 |
| **Teva Pharmaceutical Finance Netherlands IV BV** <br>5.750% due 12/01/2030 | 640 | 664 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 293 | 269 |
| 3.500% due 09/01/2031  | 130 | 126 |
| **Var Energi ASA** <br>5.875% due 05/22/2030 | 1900 | 1980 |
| **Venture Global Plaquemines LNG LLC** <br>6.750% due 01/15/2036 | 500 | 512 |
| **Viper Energy Partners LLC** <br>5.700% due 08/01/2035 | 1000 | 1021 |
| **Vmed O2 U.K. Financing I PLC** <br>6.750% due 01/15/2033 | 1000 | 992 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 4.450% due 09/11/2027  | 700 | 703 |
| 5.050% due 03/27/2028  | 300 | 305 |
| **Woodside Finance Ltd.**  |  |  |
| 5.100% due 09/12/2034  | 1000 | 988 |
| 5.700% due 05/19/2032  | 900 | 937 |
|  |  | 81449 |
| **UTILITIES 2.2%**  |  |  |
| **AEP Texas, Inc.** <br>3.950% due 06/01/2028 | 1800 | 1794 |
| **AES Corp.** <br>5.450% due 06/01/2028 | 1250 | 1279 |
| **Chile Electricity Lux MPC II SARL** <br>5.672% due 10/20/2035 | 1068 | 1112 |
| **Cleco Power LLC** <br>5.300% due 01/15/2036 | 500 | 505 |
| **Duke Energy Florida LLC** <br>2.400% due 12/15/2031 | 530 | 480 |
| **Edison International**  |  |  |
| 5.250% due 03/15/2032  | 300 | 300 |
| 6.250% due 03/15/2030  | 4600 | 4813 |
| **Enel Finance International NV** <br>1.625% due 07/12/2026 | 1506 | 1487 |
| **Eversource Energy** <br>4.450% due 12/15/2030 | 800 | 796 |
| **NBN Co. Ltd.** <br>4.150% due 09/16/2030 | 600 | 597 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 3.830% due 06/12/2030  | 2000 | 1470 |
| 4.670% due 06/12/2035  | 2000 | 1484 |
| **NRG Energy, Inc.** <br>4.734% due 10/15/2030 | $1900 | 1904 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.150% due 01/01/2026  | 1400 | 1400 |
| 6.000% due 08/15/2035  | 500 | 526 |
| 6.400% due 06/15/2033  | 5900 | 6374 |
| **PacifiCorp** <br>7.375% due 09/15/2055 •  | 900 | 918 |
| **Pinnacle West Capital Corp.** <br>4.900% due 05/15/2028 | 1000 | 1019 |
| **Public Service Co. of Colorado** <br>5.150% due 09/15/2035 | 3700 | 3753 |
| **RWE Finance U.S. LLC** <br>5.125% due 09/18/2035 | 300 | 298 |
| **SCE Recovery Funding LLC** <br>5.341% due 03/15/2047 | 1600 | 1604 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Southern California Edison Co.**  |  |  |
| 4.900% due 06/01/2026  | 1200 | 1202 |
| 5.250% due 03/15/2030  | 1200 | 1231 |
| **Trans-Allegheny Interstate Line Co.** <br>5.000% due 01/15/2031 | 2000 | 2056 |
|  |  | 38402 |
| Total Corporate Bonds & Notes (Cost $233,249) |  | 237816 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **CALIFORNIA 0.0%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>4.214% due 06/01/2050 | 200 | 146 |
| Total Municipal Bonds & Notes (Cost $148) |  | 146 |
| **U.S. GOVERNMENT AGENCIES 20.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.500% due 08/01/2049 | 280 | 261 |
| 4.000% due 10/01/2047 - 04/01/2053 | 4454 | 4250 |
| 4.500% due 11/01/2029 - 07/01/2033 | 353 | 355 |
| 5.000% due 10/01/2033 - 06/01/2053 | 11424 | 11442 |
| 5.500% due 12/01/2033 - 12/01/2053 | 16452 | 16725 |
| 6.000% due 02/01/2033 - 11/01/2037 | 32 | 33 |
| 6.500% due 10/01/2036 - 02/01/2054 | 1363 | 1417 |
| 6.660% due 05/01/2035 •  | 3 | 3 |
| 6.835% due 05/01/2037 •  | 3 | 4 |
| 7.000% due 01/01/2033 | 1 | 1 |
| **Federal Home Loan Mortgage Corp. Multiclass Certificates**<br>4.615% due 09/25/2033 ~ | 2600 | 2628 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 3130 | 3047 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.598% due 10/15/2040 •  | 624 | 619 |
| 4.698% due 12/15/2037 •  | 27 | 27 |
| 4.824% due 04/25/2055 •  | 1952 | 1961 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>6.500% due 07/25/2043 | 1 | 1 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 04/01/2052 | 57 | 51 |
| 3.500% due 05/01/2049 - 07/01/2053 | 712 | 662 |
| 4.000% due 03/01/2029 - 04/01/2053 | 9546 | 9127 |
| 4.500% due 01/01/2027 - 01/01/2053 | 1760 | 1727 |
| 5.000% due 07/01/2029 - 05/01/2053 | 17696 | 17731 |
| 5.277% due 10/01/2044 •  | 6 | 6 |
| 5.500% due 12/01/2032 - 10/01/2053 | 3089 | 3193 |
| 6.000% due 12/01/2028 - 10/01/2040 | 113 | 119 |
| 6.008% due 03/01/2034 •  | 3 | 3 |
| 6.190% due 10/01/2037 •  | 1 | 1 |
| 6.265% due 05/01/2037 •  | 4 | 4 |
| 6.405% due 06/01/2035 •  | 138 | 142 |
| 6.417% due 02/01/2035 •  | 2 | 2 |
| 6.497% due 05/01/2038 •  | 322 | 336 |
| 6.500% due 03/01/2029 - 02/01/2054 | 1665 | 1731 |
| 6.575% due 02/01/2037 •  | 2 | 2 |
| 6.618% due 06/01/2036 •  | 3 | 3 |
| 7.000% due 09/01/2031 | 1 | 1 |
| 7.500% due 01/01/2031 - 08/01/2032 | 1 | 0 |
| 8.000% due 08/01/2031 | 1 | 1 |
| **Federal National Mortgage Association Grantor Trust**<br>7.500% due 07/25/2041 | 2 | 2 |
| **Federal National Mortgage Association REMICS**<br>4.109% due 07/25/2037 •  | 50 | 50 |
| **Federal National Mortgage Association REMICS Trust**  |  |  |
| 4.698% due 12/25/2042 ~ | 44 | 44 |
| 6.500% due 07/25/2034 | 6579 | 6968 |
| **Federal National Mortgage Association Trust**<br>6.500% due 06/25/2044 | 11 | 11 |
| **Federal National Mortgage Association-ACES**<br>2.242% due 01/25/2031 ~(a) | 20251 | 1027 |
| **Government National Mortgage Association**  |  |  |
| 3.500% due 10/15/2047 | 398 | 366 |
| 4.000% due 06/20/2048 | 1240 | 1178 |
| 4.500% due 08/20/2048 - 12/20/2053 | 10491 | 10273 |
| 5.000% due 11/20/2049 | 228 | 232 |
| 5.250% due 11/20/2034 •  | 1 | 1 |
| 5.375% due 07/20/2034 •  | 5 | 6 |
| 5.625% due 03/20/2028 - 06/20/2032 •  | 7 | 6 |
| 6.500% due 01/20/2034 - 08/20/2034 | 4 | 4 |
| 7.000% due 07/15/2031 - 12/15/2032 | 3 | 3 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.670% due 04/20/2065 •  | 243 | 243 |
| 4.714% due 08/20/2065 •  | 672 | 673 |
| 5.227% due 06/20/2067 •  | 430 | 435 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.750% due 08/20/2037 | 11 | 11 |
| **Government National Mortgage Association, TBA**  |  |  |
| 3.000% due 01/01/2056 | 30500 | 27411 |
| 4.000% due 01/01/2056 | 39000 | 36847 |
| 5.000% due 01/01/2056 | 4300 | 4291 |
| **Tennessee Valley Authority**  |  |  |
| 4.375% due 08/01/2034 | 5400 | 5455 |
| 4.875% due 05/15/2035 | 9900 | 10254 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 02/01/2056 | 21500 | 20972 |
| 5.000% due 02/01/2056 | 26500 | 26404 |
| 6.000% due 02/01/2056 - 03/01/2056 | 77000 | 79030 |
| 6.500% due 02/01/2056 - 03/01/2056 | 56800 | 59073 |
| Total U.S. Government Agencies (Cost $365,118) |  | 368886 |
| **U.S. TREASURY OBLIGATIONS 51.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 | 14600 | 9483 |
| 1.875% due 02/15/2041 | 4000 | 2796 |
| 2.250% due 08/15/2049 | 56700 | 35575 |
| 3.000% due 08/15/2048 | 14600 | 10814 |
| 3.250% due 05/15/2042 | 12000 | 10012 |
| 3.375% due 08/15/2042 | 78200 | 66122 |
| 3.375% due 11/15/2048 | 73700 | 58332 |
| 4.000% due 11/15/2042 | 4900 | 4493 |
| 4.125% due 08/15/2044 | 32300 | 29654 |
| 4.375% due 08/15/2043 | 22700 | 21690 |
| 4.500% due 02/15/2044 | 5100 | 4936 |
| 4.625% due 05/15/2044 | 31700 | 31134 |
| 4.625% due 11/15/2044 (k) | 23200 | 22741 |
| 4.625% due 02/15/2055 | 31700 | 30543 |
| 4.875% due 08/15/2045 (k) | 3400 | 3434 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.125% due 01/15/2032 (m) | 15975 | 14602 |
| 0.625% due 07/15/2032  | 19387 | 18195 |
| 1.125% due 01/15/2033  | 21435 | 20575 |
| 1.750% due 01/15/2034  | 35273 | 35087 |
| 1.875% due 07/15/2034  | 2283 | 2293 |
| 2.125% due 01/15/2035  | 4127 | 4201 |
| **U.S. Treasury Notes**  |  |  |
| 1.250% due 04/30/2028 | 19200 | 18243 |
| 1.250% due 09/30/2028 | 19200 | 18064 |
| 1.500% due 11/30/2028 | 31400 | 29641 |
| 2.375% due 03/31/2029 | 37200 | 35847 |
| 2.875% due 08/15/2028 | 19700 | 19387 |
| 3.250% due 06/30/2029 | 31400 | 31046 |
| 3.500% due 04/30/2028 | 32700 | 32699 |
| 3.625% due 03/31/2030 (m)(o) | 10400 | 10382 |
| 3.750% due 05/31/2030 | 10400 | 10427 |
| 3.750% due 06/30/2030 | 23100 | 23160 |
| 3.875% due 09/30/2029 | 81000 | 81710 |
| 4.000% due 06/30/2028 | 14000 | 14166 |
| 4.000% due 02/15/2034 | 7800 | 7777 |
| 4.125% due 07/31/2028 (m)(o) | 13900 | 14109 |
| 4.125% due 08/31/2030 | 24300 | 24732 |
| 4.375% due 11/30/2030 | 29600 | 30456 |
| 4.625% due 09/30/2028 | 32600 | 33526 |
| 4.625% due 09/30/2030 | 14700 | 15278 |
| 4.875% due 10/31/2028 | 18600 | 19261 |
| 4.875% due 10/31/2030 (o) | 14700 | 15445 |
| Total U.S. Treasury Obligations (Cost $930,523) |  | 922068 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 4.6%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>4.752% due 10/25/2035 ~ | 2 | 2 |
| **Angel Oak Mortgage Trust** <br>1.820% due 11/25/2066 ~ | 2069 | 1866 |
| **BAMLL Commercial Mortgage Securities Trust**  |  |  |
| 2.627% due 01/15/2032  | 1600 | 1418 |
| 2.848% due 08/14/2034  | 2000 | 1672 |
| **Banc of America Funding Trust**  |  |  |
| 5.301% due 05/25/2035 ~  | 551 | 518 |
| 5.798% due 02/20/2036 ~  | 32 | 31 |
| **Banc of America Mortgage Trust** <br>5.732% due 02/25/2034 ~ | 9 | 9 |
| **Bank**  |  |  |
| 3.071% due 08/15/2061  | 2190 | 2152 |
| 5.635% due 03/15/2058  | 763 | 806 |
| **BBCMS Mortgage Trust** <br>4.534% due 09/15/2058 | 5000 | 5026 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.791% due 09/25/2035 ~  | 146 | 78 |
| 5.190% due 10/25/2035 ~  | 555 | 457 |
| 5.406% due 05/25/2035 ~  | 199 | 191 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bear Stearns ARM Trust**  |  |  |
| 4.829% due 07/25/2034 ~  | 9 | 9 |
| 5.031% due 01/25/2035 ~  | 8 | 7 |
| 5.613% due 02/25/2034 ~  | 7 | 7 |
| 6.162% due 10/25/2036 ~  | 36 | 36 |
| 6.373% due 04/25/2033 ~  | 2 | 2 |
| **BMO Mortgage Trust** <br>5.187% due 07/15/2058 | 3600 | 3701 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.613% due 03/25/2037 ~  | 177 | 164 |
| 6.010% due 02/25/2037 ~  | 40 | 39 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.426% due 04/25/2035 •  | 3 | 3 |
| 4.796% due 11/25/2034 ~  | 108 | 104 |
| 5.087% due 02/20/2035 ~  | 16 | 16 |
| 6.866% due 03/25/2034 ~  | 231 | 231 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.750% due 09/25/2035 •  | 214 | 218 |
| 6.746% due 03/25/2034 ~  | 8 | 7 |
| **CitiMortgage Alternative Loan Trust** <br>4.496% due 12/25/2036 •  | 761 | 627 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.386% due 08/25/2035 •  | 1747 | 896 |
| 5.029% due 12/25/2035 •  | 17 | 15 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.868% due 03/25/2032 ~ | 5 | 4 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.246% due 06/25/2037 •  | 2473 | 2220 |
| **Eurohome U.K. Mortgages PLC** <br>4.050% due 06/15/2044 •  | 87 | 117 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>2.500% due 09/25/2052 ~ | $2832 | 2369 |
| **GS Mortgage-Backed Securities Trust** <br>3.000% due 09/25/2052 ~ | 3229 | 2832 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.951% due 09/25/2035 ~  | 113 | 108 |
| **IndyMac ARM Trust** <br>5.717% due 01/25/2032 ~ | 8 | 8 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.346% due 02/25/2037 •  | 4214 | 2788 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 3.916% due 06/10/2042 ~  | 3500 | 3263 |
| 4.848% due 02/15/2035 •  | 2493 | 2473 |
| 5.248% due 12/15/2031 •  | 1268 | 1265 |
| **JP Morgan Mortgage Trust** <br>5.253% due 02/25/2034 ~ | 7 | 6 |
| **MASTR Reperforming Loan Trust** <br>8.000% due 07/25/2035 | 70 | 48 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.725% due 08/15/2032 •  | 13 | 13 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.782% due 06/25/2036 ~ | 25 | 25 |
| **MortgageIT Trust** <br>4.406% due 10/25/2035 •  | 55 | 55 |
| **OBX Trust** <br>3.000% due 01/25/2052 ~ | 3007 | 2632 |
| **One New York Plaza Trust** <br>4.815% due 01/15/2036 •  | 3000 | 2943 |
| **Prime Mortgage Trust** <br>4.246% due 02/25/2034 •  | 8 | 8 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 26500 | 17685 |
| **Resloc U.K. PLC** <br>4.060% due 12/15/2043 •  | 502 | 658 |
| **RFMSI Trust**  |  |  |
| 4.745% due 09/25/2035 ~  | $204 | 165 |
| 5.532% due 09/25/2035 ~  | 127 | 79 |
| **SFO Commercial Mortgage Trust** <br>5.014% due 05/15/2038 •  | 4200 | 4194 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.136% due 02/25/2037 ~  | 807 | 526 |
| 5.659% due 07/25/2034 ~  | 34 | 33 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.346% due 07/19/2035 •  | 59 | 59 |
| 4.696% due 05/25/2047 •  | 3803 | 3162 |
| **Structured Asset Mortgage Investments Trust** <br>4.686% due 10/19/2033 •  | 8 | 7 |
| **UWM Mortgage Trust**  |  |  |
| 2.500% due 11/25/2051 ~  | 3027 | 2536 |
| 3.000% due 01/25/2052 ~  | 3097 | 2709 |
| **Verus Securitization Trust** <br>5.811% due 05/25/2068 þ | 364 | 364 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.127% due 12/25/2036 ~  | 517 | 458 |
| 4.176% due 02/25/2037 ~  | 539 | 503 |
| 4.426% due 10/25/2045 •  | 57 | 55 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells Fargo Alternative Loan Trust** <br>6.000% due 06/25/2037 | 1320 | 1215 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 3.749% due 06/15/2036 ~  | 3500 | 3292 |
| 5.343% due 10/15/2042 •  | 1100 | 1103 |
| Total Non-Agency Mortgage-Backed Securities (Cost $84,083) |  | 82288 |
| **ASSET-BACKED SECURITIES 7.6%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 1.9%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC**  |  |  |
| 5.440% due 02/22/2028  | 2700 | 2734 |
| 5.780% due 04/20/2028  | 2600 | 2647 |
| 6.020% due 02/20/2030  | 5300 | 5562 |
| **BMW Canada Auto Trust** <br>4.844% due 07/20/2027 | 395 | 289 |
| **CarMax Auto Owner Trust** <br>4.750% due 10/15/2027 | $242 | 243 |
| **Citizens Auto Receivables Trust**  |  |  |
| 5.830% due 02/15/2028  | 1926 | 1939 |
| 5.840% due 01/18/2028  | 1955 | 1966 |
| **Ent Auto Receivables Trust** <br>6.240% due 01/16/2029 | 1451 | 1459 |
| **Enterprise Fleet Financing LLC** <br>4.380% due 07/20/2029 | 146 | 146 |
| **Ford Auto Securitization Trust II Asset-Backed Notes** <br>6.027% due 07/15/2028 | 1793 | 1329 |
| **GM Financial Revolving Receivables Trust** <br>5.120% due 04/11/2035 | $2600 | 2673 |
| **GMF Floorplan Owner Revolving Trust** <br>5.340% due 06/15/2030 | 5100 | 5268 |
| **Honda Auto Receivables Owner Trust** <br>4.930% due 11/15/2027 | 1564 | 1571 |
| **Hyundai Auto Lease Securitization Trust**  |  |  |
| 5.800% due 12/15/2026  | 324 | 325 |
| 5.840% due 09/15/2027  | 1000 | 1003 |
| **SBNA Auto Lease Trust** <br>5.390% due 11/20/2026 | 276 | 276 |
| **Tesla Auto Lease Trust** <br>6.220% due 03/22/2027 | 1671 | 1672 |
| **Volkswagen Auto Lease Trust** <br>5.800% due 04/20/2028 | 3400 | 3406 |
|  |  | 34508 |
| **CMBS OTHER 0.8%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.215% due 11/15/2036 •  | 1969 | 1982 |
| **AREIT Trust** <br>5.847% due 08/17/2041 •  | 1054 | 1054 |
| **BDS LLC** <br>5.531% due 03/19/2039 •  | 1728 | 1731 |
| **GPMT Ltd.** <br>5.198% due 12/15/2036 •  | 2267 | 2271 |
| **LRECS LLC** <br>5.500% due 08/19/2043 •  | 2200 | 2204 |
| **MF1 LLC** <br>5.881% due 06/19/2037 •  | 2896 | 2897 |
| **MF1 Ltd.** <br>4.929% due 10/16/2036 •  | 934 | 933 |
| **PFP Ltd.** <br>5.610% due 09/17/2039 •  | 478 | 480 |
| **Starwood Ltd.** <br>5.334% due 11/15/2038 •  | 1378 | 1381 |
|  |  | 14933 |
| **HOME EQUITY OTHER 0.8%**  |  |  |
| **Citigroup Mortgage Loan Trust Asset-Backed Pass-Through Certificates** <br>4.791% due 10/25/2034 •  | 646 | 636 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.166% due 12/25/2036 •  | 273 | 155 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.126% due 06/25/2035 •  | 214 | 198 |
| 4.126% due 03/25/2037 •  | 51 | 50 |
| 4.366% due 12/25/2036 •  | 552 | 533 |
| **Fremont Home Loan Trust**  |  |  |
| 4.386% due 02/25/2036 •  | 1000 | 935 |
| 4.636% due 12/25/2029 •  | 15 | 15 |
| **GSAMP Trust** <br>5.496% due 10/25/2034 •  | 15 | 15 |
| **MASTR Specialized Loan Trust**  |  |  |
| 4.366% due 02/25/2036 •  | 106 | 104 |
| 4.366% due 06/25/2046 •  | 175 | 171 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.586% due 01/25/2037 •  | 212 | 83 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.776% due 11/25/2034 •  | 22 | 22 |
| **Morgan Stanley Capital I, Inc. Trust** <br>4.206% due 03/25/2036 •  | 26 | 22 |
| **Ownit Mortgage Loan Trust** <br>4.746% due 10/25/2036 •  | 2391 | 2394 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.646% due 12/25/2034 •  | 854 | 857 |
| **Renaissance Home Equity Loan Trust** <br>5.612% due 04/25/2037 þ | 927 | 232 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.286% due 12/25/2035 •  | 273 | 253 |
| 4.386% due 02/25/2036 •  | 733 | 712 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.086% due 10/25/2036 •  | 847 | 834 |
| 4.461% due 03/25/2036 •  | 3900 | 3862 |
| **Soundview Home Loan Trust** <br>4.521% due 06/25/2035 •  | 3 | 3 |
| **Structured Asset Investment Loan Trust** <br>4.746% due 05/25/2035 •  | 687 | 680 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.266% due 02/25/2037 •  | 576 | 568 |
| 4.851% due 11/25/2035 •  | 202 | 202 |
|  |  | 13536 |
| **WHOLE LOAN COLLATERAL 0.3%**  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.156% due 10/25/2036 •  | 5755 | 4853 |
| **GSAMP Trust** <br>4.596% due 01/25/2034 •  | 1154 | 1195 |
|  |  | 6048 |
| **OTHER ABS 3.8%**  |  |  |
| **Anchorage Credit Funding 19 Ltd.** <br>5.036% due 10/25/2040 | 1600 | 1600 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.994% due 01/18/2035 •  | 1000 | 1000 |
| **Bain Capital Euro CLO DAC** <br>3.265% due 01/22/2038 •  | 1700 | 2000 |
| **Barings Euro CLO DAC**  |  |  |
| 0.000% due 08/15/2039 •(b)  | 1000 | 1175 |
| 3.250% due 10/21/2038 •  | 1500 | 1761 |
| **Bayfront Iabs VII Pte. Ltd.** <br>0.000% due 04/11/2048 «•  | $1500 | 1500 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 1300 | 1529 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 400 | 470 |
| **Capital Street Master Trust**  |  |  |
| 5.074% due 08/16/2029 •  | $1000 | 999 |
| 5.324% due 10/16/2028 •  | 1600 | 1601 |
| **CBAMR Ltd.** <br>5.535% due 07/15/2037 •  | 4000 | 4004 |
| **College Avenue Student Loans LLC** <br>5.524% due 06/25/2054 •  | 3227 | 3250 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.904% due 08/15/2033 •  | 3254 | 3820 |
| **Dryden 95 CLO Ltd.** <br>4.929% due 08/20/2034 •  | $1100 | 1100 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 1700 | 1998 |
| **Hayfin Emerald CLO VI DAC** <br>3.259% due 10/15/2038 •  | 1400 | 1647 |
| **Invesco Euro CLO XI DAC** <br>3.283% due 10/22/2036 •  | 1100 | 1294 |
| **Invitation Homes Trust** <br>4.000% due 09/17/2041 | $3993 | 3935 |
| **LCM 35 Ltd.** <br>4.985% due 10/15/2034 •  | 1000 | 1000 |
| **Lendmark Funding Trust** <br>1.900% due 11/20/2031 | 3800 | 3705 |
| **Man GLG Euro CLO V DAC** <br>2.790% due 12/15/2031 •  | 371 | 436 |
| **Mariner Finance Issuance Trust** <br>1.860% due 03/20/2036 | $4000 | 3939 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 3.034% due 08/15/2033 •  | 1022 | 1200 |
| 3.047% due 07/15/2035 •  | 1000 | 1175 |
| **PK ALIFT Loan Funding 6 LP** <br>5.365% due 11/15/2042 | $1689 | 1704 |
| **Providus CLO V DAC** <br>3.314% due 11/15/2039 •  | 1100 | 1294 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rockford Tower Europe CLO DAC** <br>3.326% due 08/29/2036 •  | 1000 | 1176 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | $1300 | 1308 |
| **Stonepeak ABS** <br>2.301% due 02/28/2033 | 1146 | 1119 |
| **Sunrun Demeter Issuer LLC** <br>2.270% due 01/30/2057 | 3084 | 2816 |
| **Switch ABS Issuer LLC** <br>5.121% due 10/25/2055 | 6000 | 6001 |
| **Symphony CLO 36 Ltd.** <br>5.305% due 01/16/2031 •  | 84 | 84 |
| **Tralee CLO V Ltd.** <br>4.964% due 10/20/2034 •  | 1000 | 1000 |
| **Venture 33 CLO Ltd.** <br>5.226% due 07/15/2031 •  | 853 | 853 |
| **Venture XXVII CLO Ltd.** <br>5.196% due 07/20/2030 •  | 77 | 77 |
| **Vibrant CLO XII Ltd.** <br>5.034% due 04/20/2034 •  | 1400 | 1400 |
| **Voya CLO Ltd.** <br>4.944% due 04/20/2034 •  | 2100 | 2100 |
|  |  | 67070 |
| Total Asset-Backed Securities (Cost $134,348) |  | 136095 |
| **SOVEREIGN ISSUES 9.6%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | 249800 | 44097 |
| **Canada Government Bonds**  |  |  |
| 3.000% due 06/01/2034  | 6500 | 4629 |
| 3.250% due 12/01/2034  | 5100 | 3688 |
| **Cassa Depositi e Prestiti SpA**  |  |  |
| 4.375% due 10/01/2030  | $1900 | 1910 |
| 5.750% due 05/05/2026  | 1600 | 1609 |
| **CPPIB Capital, Inc.** <br>4.300% due 06/02/2034 | 500 | 380 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $5700 | 5813 |
| **Hungary Government International Bonds** <br>4.500% due 06/16/2034 | 2200 | 2611 |
| **Israel Government International Bonds**  |  |  |
| 2.750% due 07/03/2030  | $4100 | 3826 |
| 5.375% due 02/19/2030  | 1400 | 1450 |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 4800 | 5476 |
| 5.250% due 03/22/2030  | 2600 | 3068 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.300% due 12/20/2054  | 1040000 | 5332 |
| 2.400% due 03/20/2055  | 204000 | 1070 |
| 2.800% due 06/20/2055  | 520000 | 2972 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.000% due 12/20/2044  | 1340000 | 7444 |
| 2.400% due 03/20/2045  | 326000 | 1926 |
| **Mexico Udibonos** <br>4.000% due 11/30/2028 (e) | 520 | 29 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 4500 | 1336 |
| 6.150% due 08/12/2032  | 56200 | 18044 |
| 6.950% due 08/12/2031  | 6801 | 2249 |
| **Province of British Columbia** <br>4.150% due 06/18/2034 | 600 | 451 |
| **Province of Ontario** <br>3.800% due 12/02/2034 | 1700 | 1244 |
| **Province of Quebec** <br>4.450% due 09/01/2034 | 10100 | 7730 |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.500% due 01/31/2037  | 25900 | 1555 |
| 8.750% due 02/28/2048  | 3000 | 175 |
| 8.875% due 02/28/2035  | 450300 | 28378 |
| 9.000% due 01/31/2040  | 2600 | 158 |
| **Romania Government International Bonds**  |  |  |
| 2.000% due 01/28/2032  | 4000 | 4022 |
| 5.250% due 03/10/2030  | 1300 | 1599 |
| 5.375% due 06/07/2033  | 1000 | 1188 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U.K. Gilts** <br>4.375% due 07/31/2054 | 4000 | 4733 |
| Total Sovereign Issues (Cost $163,786) |  | 170192 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.7%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (h) | 2068072 | 2068 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (j) 0.5%** |  | 9100 |
| **U.S. TREASURY BILLS 0.1%**  |  |  |
| 3.719% due 01/02/2026 - 04/21/2026 (c)(d)(o) | $1690 | 1678 |
| Total Short-Term Instruments (Cost $12,847) |  | 12846 |
| Total Investments in Securities (Cost $1,930,526) |  | 1936853 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 5.1%**  |  |  |
| **MUTUAL FUNDS (g) 4.8%**  |  |  |
| **PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund**  | 1716442 | 85299 |
| Total Mutual Funds (Cost $84,585) |  | 85299 |
| **SHORT-TERM INSTRUMENTS 0.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.3%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 488038 | 4754 |
| Total Short-Term Instruments (Cost $4,753) |  | 4754 |
| Total Investments in Affiliates (Cost $89,338) |  | 90053 |
| Total Investments 114.1% (Cost $2,019,864) |  | $2026906 |
| **Financial Derivative Instruments (l)(n) (0.1)**%(Cost or Premiums, net $5,562) |  | (2156) |
| Other Assets and Liabilities, net (14.0)% |  | (249087) |
| Net Assets 100.0% |  | $1775663 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(h)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(i)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value | <br>Market Value<br>as Percentage<br>of Net Assets | <br>Market Value<br>as Percentage<br>of Net Assets |
| Alfa-Bank CJSC | Alfa-Bank CJSC | Alfa-Bank CJSC | 6.330 | 10/21/2026 | 10/27/2025 | 10/27/2025 | 324 | 324 | 324 | 324 | 324 | 0.02 | % |
| Corp0hrg0 | Corp0hrg0 | Corp0hrg0 | 5.330 | 06/07/2035 | 03/11/2025 | 03/11/2025 | 600 | 600 | 617 | 617 | 617 | 0.03 |  |
| National Football League | National Football League | National Football League | 4.780 | 10/05/2030 | 06/27/2025 | 06/27/2025 | 2000 | 2000 | 2035 | 2035 | 2035 | 0.11 |  |
| National Football League | National Football League | National Football League | 5.250 | 10/05/2034 | 06/27/2025 | 06/27/2025 | 1700 | 1700 | 1734 | 1734 | 1734 | 0.10 |  |
| Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | Pantheon Senior Debt Secondaries III | 6.026 | 03/26/2026 | 03/18/2025 | 03/18/2025 | 500 | 500 | 500 | 500 | 500 | 0.03 |  |
| Project Alpha Investindustrial | Project Alpha Investindustrial | Project Alpha Investindustrial | 4.150 | 02/27/2026 | 02/28/2025 | 02/28/2025 | 294 | 294 | 333 | 333 | 333 | 0.02 |  |
|  |  |  |  |  |  | $ | 5418 | $ | 5543 | 5543 | 0.31%  | 0.31%  | 0.31%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(j)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/02/2026 | 9100 | 9100 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (9267) | 9100 | 9100 | $ | $9102 | 9102 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(9267)** | **9100** | **9100** | **$** | $**9102** | **9102** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BSN | BSN | 3.810%  | 3.810%  | 3.810%  | 01/02/2026 | 01/16/2026 | 01/16/2026 | (3510) | (3510) | (3511) | (3511) | (3511) | (3511) |
|  |  | 3.930  | 3.930  | 3.930  | 12/18/2025 | 01/02/2026 | 01/02/2026 | (19254) | (19254) | (19285) | (19285) | (19285) | (19285) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | **(22796)** | **(22796)** | **(22796)** | **(22796)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% | U.S. Government Agencies (2.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 01/01/2056 | $ | 5100 | (4140) | (4140) | $ | $(4124) | (4124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 02/01/2056 |  | 43300 | (36637) | (36637) |  | (36605) | (36605) |
| **Total Short Sales (2.3)%** | **Total Short Sales (2.3)%** | **Total Short Sales (2.3)%** | **Total Short Sales (2.3)%** | **Total Short Sales (2.3)%** | **Total Short Sales (2.3)%** |  |  |  | **(40777)** | **(40777)** | **$** | $**(40729)** | **(40729)** |
| **(k)** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $19,175 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |

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<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(104028) at a weighted average interest rate of 4.391%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | $111.500 | 111.500 | 01/23/2026 | $104 | 104 | (17) | (17) | $ | (16) |
| Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | Put - CBOE U.S. Treasury 10-Year Note February Futures  | 112.000 | 112.000 | 01/23/2026 | 47 | 47 | (8) | (8) |  | (15) |
| Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | Call - CBOE U.S. Treasury 10-Year Note February Futures  | 113.500 | 113.500 | 01/23/2026 | 151 | 151 | (29) | (29) |  | (12) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(54)** | **(54)** | **$** | **(43)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 1604 | 1604 | 388389 | 388389 | (551) | (551) | 0 | 0 | 0 | (100) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 469 | 469 | 113598 | 113598 | (45) | (45) | 0 | 0 | 0 | (30) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 469 | 469 | 113504 | 113504 | (71) | (71) | 0 | 0 | 0 | (35) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 298 | 298 | 21773 | 21773 | 37 | 37 | 25 | 25 | 25 | 0 |
| Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 33 | 33 | 4064 | 4064 | 27 | 27 | 7 | 7 | 7 | (3) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 667 | 667 | 139262 | 139262 | 124 | 124 | 0 | 0 | 0 | (47) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 2578 | 2578 | 281787 | 281787 | (300) | (300) | 0 | 0 | 0 | (302) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 1797 | 1797 | 202050 | 202050 | (383) | (383) | 0 | 0 | 0 | (365) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 179 | 179 | 20588 | 20588 | (113) | (113) | 0 | 0 | 0 | (34) |
|  |  |  |  |  |  |  |  |  |  | (1275) | $ | 32 | 32 | 32 | (916) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | Canada Government 10-Year Bond March Futures  | 03/2026 | 52 | 52 | (4581) | (4581) | 1 | 1 | 3 | 3 | 3 | (2) |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 45 | 45 | (6746) | (6746) | 93 | 93 | 12 | 12 | 12 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 159 | 159 | (22533) | (22533) | 209 | 209 | 54 | 54 | 54 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 43 | 43 | (36349) | (36349) | 242 | 242 | 79 | 79 | 79 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 899 | 899 | (103919) | (103919) | 784 | 784 | 197 | 197 | 197 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 1722 | 1722 | (203196) | (203196) | 3416 | 3416 | 646 | 646 | 646 | 0 |
|  |  |  |  |  |  |  |  |  |  | 4745 | $ | 991 | 991 | 991 | (2) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **3470** | **$** | **1023** | **1023** | **1023** | **(918)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Boeing Co.  | Boeing Co.  | 1.000% | 06/20/2027 | 0.328 | 0.328 | $3500 | 3500 | $(149) | (149) | 184 | 35 | 35 | $0 | 0 | $0 |
| General Electric Co.  | General Electric Co.  | 1.000 | 06/20/2026 | 0.051 | 0.051 | 2700 | 2700 | 23 | 23 | (10) | 13 | 13 | 0 | 0 | 0 |
| General Electric Co.  | General Electric Co.  | 1.000 | 12/20/2026 | 0.064 | 0.064 | 3200 | 3200 | 43 | 43 | (13) | 30 | 30 | 1 | 1 | 0 |
| General Motors Co.  | General Motors Co.  | 5.000 | 12/20/2026 | 0.281 | 0.281 | 550 | 550 | 105 | 105 | (79) | 26 | 26 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | 06/20/2026 | 0.226 | 0.226 | 1000 | 1000 | 4 | 4 | 0 | 4 | 4 | 0 | 0 | 0 |
| Oracle Corp.  | Oracle Corp.  | 1.000 | 06/20/2030 | 1.367 | 1.367 | 3500 | 3500 | 77 | 77 | (128) | (51) | (51) | 0 | 0 | (1) |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 12/20/2027 | 0.343 | 0.343 | 200 | 200 | (4) | (4) | 7 | 3 | 3 | 0 | 0 | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 06/20/2028 | 0.392 | 0.392 | 2200 | 2200 | 1 | 1 | 31 | 32 | 32 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.425 | 0.425 |  | 500 | (1) |  | 9 |  | 8 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 99 | $ | 1 | $ | 100 | 1 | $ | (1) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | Annual | Annual | 09/17/2030 | 49100 | 49100 | $(184) | (184) | $456 | 456 | 272 | $55 | 55 | $0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/18/2028 | 6980000 | 6980000 | 138 | 138 | 74 | 74 | 212 | 28 | 28 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.380 | 0.380 | Semi-Annual | Semi-Annual | 06/18/2028 | 2460000 | 2460000 | 107 | 107 | (456) | (456) | (349) | 0 | 0 | (12) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | 0.750 | Semi-Annual | Semi-Annual | 03/20/2038 | 85900 | 85900 | 9 | 9 | 72 | 72 | 81 | 1 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.800 | 0.800 | Semi-Annual | Semi-Annual | 10/22/2038 | 150000 | 150000 | 0 | 0 | 146 | 146 | 146 | 3 | 3 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.785 | 0.785 | Semi-Annual | Semi-Annual | 11/12/2038 | 230000 | 230000 | 1 | 1 | 228 | 228 | 229 | 4 | 4 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | 0.750 | Semi-Annual | Semi-Annual | 12/20/2038 | 80500 | 80500 | 4 | 4 | 79 | 79 | 83 | 1 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | 0.500 | Annual | Annual | 03/15/2042 | 312000 | 312000 | 97 | 97 | 403 | 403 | 500 | 4 | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.788 | 1.788 | Annual | Annual | 05/03/2027 | $12100 | 12100 | (42) | (42) | (408) | (408) | (450) | 0 | 0 | (5) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.150 | 2.150 | Annual | Annual | 06/15/2027 | 25300 | 25300 | (96) | (96) | (627) | (627) | (723) | 0 | 0 | (11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.900 | 3.900 | Annual | Annual | 06/24/2027 | 73900 | 73900 | 50 | 50 | 400 | 400 | 450 | 0 | 0 | (23) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.850 | 2.850 | Annual | Annual | 08/29/2027 | 7300 | 7300 | (38) | (38) | (51) | (51) | (89) | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | Annual | Annual | 03/04/2030 | 2700 | 2700 | (5) | (5) | (30) | (30) | (35) | 4 | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | 3.700 | Annual | Annual | 06/24/2030 | 38300 | 38300 | 20 | 20 | 299 | 299 | 319 | 0 | 0 | (58) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.800 | 3.800 | Annual | Annual | 02/28/2031 | 20260 | 20260 | 119 | 119 | (345) | (345) | (226) | 34 | 34 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 03/19/2032 | 27700 | 27700 | 1250 | 1250 | (563) | (563) | 687 | 50 | 50 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.608 | 3.608 | Annual | Annual | 08/15/2033 | 3340 | 3340 | 0 | 0 | 14 | 14 | 14 | 7 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.609 | 3.609 | Annual | Annual | 08/15/2033 | 8200 | 8200 | 0 | 0 | 35 | 35 | 35 | 16 | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.619 | 3.619 | Annual | Annual | 08/15/2033 | 3800 | 3800 | 0 | 0 | 14 | 14 | 14 | 7 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | Annual | Annual | 12/26/2033 | 1100 | 1100 | (5) | (5) | (9) | (9) | (14) | 2 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.854 | 3.854 | Annual | Annual | 12/29/2033 | 3400 | 3400 | (14) | (14) | (31) | (31) | (45) | 7 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.670 | 3.670 | Annual | Annual | 01/08/2034 | 3400 | 3400 | (16) | (16) | 38 | 38 | 22 | 7 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.600 | 3.600 | Annual | Annual | 01/17/2034 | 600 | 600 | (3) | (3) | 10 | 10 | 7 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.080 | 4.080 | Annual | Annual | 06/05/2034 | 2400 | 2400 | (10) | (10) | (55) | (55) | (65) | 5 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.060 | 4.060 | Annual | Annual | 07/02/2034 | 6800 | 6800 | (22) | (22) | (152) | (152) | (174) | 15 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.880 | 3.880 | Annual | Annual | 07/10/2034 | 3100 | 3100 | (9) | (9) | (27) | (27) | (36) | 7 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.885 | 3.885 | Annual | Annual | 07/12/2034 | 3100 | 3100 | (11) | (11) | (26) | (26) | (37) | 7 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.850 | 3.850 | Annual | Annual | 08/05/2034 | 1200 | 1200 | (5) | (5) | (6) | (6) | (11) | 3 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.795 | 3.795 | Annual | Annual | 08/06/2034 | 800 | 800 | (3) | (3) | (1) | (1) | (4) | 2 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.645 | 3.645 | Annual | Annual | 08/07/2034 | 2300 | 2300 | (8) | (8) | 23 | 23 | 15 | 5 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | 3.715 | Annual | Annual | 08/07/2034 | 2990 | 2990 | (13) | (13) | 17 | 17 | 4 | 6 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.569 | 3.569 | Annual | Annual | 08/14/2034 | 7300 | 7300 | (24) | (24) | 115 | 115 | 91 | 16 | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.586 | 3.586 | Annual | Annual | 08/19/2034 | 4600 | 4600 | (16) | (16) | 67 | 67 | 51 | 10 | 10 | 0 |

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<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 |  | 2000 | (7) | 38 | 31 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 08/21/2034 |  | 2000 | (7) | 35 | 28 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 |  | 3400 | (12) | 43 | 31 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 |  | 1000 | (4) | 18 | 14 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 |  | 1000 | (4) | 17 | 13 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 |  | 2700 | (10) | 37 | 27 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 08/28/2034 |  | 1000 | (4) | 14 | 10 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 |  | 500 | (2) | 7 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | 08/28/2034 |  | 2500 | (10) | 33 | 23 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 |  | 2400 | (9) | 25 | 16 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 |  | 2600 | (10) | 62 | 52 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 |  | 3900 | (15) | 77 | 62 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 |  | 2400 | (9) | 69 | 60 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 |  | 1000 | (5) | 43 | 38 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 |  | 1400 | (6) | 59 | 53 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 |  | 200 | (1) | 8 | 7 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | 09/16/2034 |  | 3200 | (14) | 125 | 111 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 |  | 200 | (1) | 9 | 8 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 100 | (1) | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 1150 | (4) | (5) | (9) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 2400 | (9) | (14) | (23) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 7300 | (25) | (24) | (49) | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 500 | (1) | (4) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 6700 | (19) | (84) | (103) | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 3200 | (9) | (28) | (37) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 3400 | (10) | (16) | (26) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 06/24/2035 |  | 16800 | 1 | 141 | 142 | 41 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 |  | 4000 | (12) | 92 | 80 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.617 | Annual | 02/15/2048 |  | 13530 | 0 | 3294 | 3294 | 37 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 |  | 27500 | 5367 | 5579 | 10946 | 70 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.956 | Annual | 11/15/2054 |  | 10100 | 0 | 364 | 364 | 34 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.803 | Annual | 02/15/2055 |  | 10900 | 0 | 719 | 719 | 36 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.814 | Annual | 02/15/2055 |  | 2900 | 0 | 186 | 186 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.846 | Annual | 02/15/2055 |  | 2000 | 0 | 116 | 116 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.872 | Annual | 02/15/2055 |  | 7400 | 0 | 395 | 395 | 25 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/24/2055 |  | 9300 | 18 | 1088 | 1106 | 30 | 0 |
| Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 4.750 | Semi-Annual | 12/20/2033 | AUD | 54000 | 239 | (441) | (202) | 0 | (29) |
| Receive | 6-Month EUR-EURIBOR | 2.700 | Annual | 08/13/2029 | EUR | 2200 | (3) | (25) | (28) | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 |  | 2100 | (3) | (19) | (22) | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.300 | Annual | 09/25/2029 |  | 1800 | (3) | 14 | 11 | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.050 | Annual | 10/05/2029 |  | 4400 | 0 | 28 | 28 | 3 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.360 | Annual | 10/07/2029 |  | 2800 | (5) | 15 | 10 | 1 | 0 |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 |  | 9700 | (37) | (168) | (205) | 0 | (13) |

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<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 |  | 10690 |  | (138) |  | 775 |  | 637 |  | 36 | 36 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.750 | Lunar | Lunar | 04/01/2030 | MXN | 29900 |  | 1 |  | 7 |  | 8 |  | 2 | 2 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.775 | Lunar | Lunar | 04/01/2030 |  | 2700 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.790 | Lunar | Lunar | 04/01/2030 |  | 38600 |  | 0 |  | 13 |  | 13 |  | 2 | 2 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.582 | Lunar | Lunar | 04/02/2030 |  | 31500 |  | 0 |  | (3) |  | (3) |  | 2 | 2 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.910 | Lunar | Lunar | 03/29/2032 |  | 4400 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.100 | Lunar | Lunar | 03/26/2035 |  | 3500 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 2.900 | Semi-Annual | Semi-Annual | 06/01/2033 | CAD | 300 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2033 |  | 2000 |  | 7 |  | (9) |  | (2) |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2034 |  | 12400 |  | 9 |  | 26 |  | 35 |  | 10 | 10 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $6504 | 6504 | $12438 | 12438 | $18942 | 18942 | $790 | 790 | 790 | $(155) | (155) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**6603** | **6603** | $**12439** | **12439** | $**19042** | **19042** | $**791** | **791** | **791** | $**(156)** | **(156)** |
| **(m)** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $12,863 and cash of $27,029 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $271 | 271 | 271 | JPY | 42169 | 42169 | 42169 | 0 | 0 | 0 | 0 | $(2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | INR | 2739 | 2739 | 2739 | $ | $30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 736370 | 736370 | 736370 |  | 506 | 506 | 506 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 3150 | 3150 | 3150 |  | 861 | 861 | 861 | 0 | 0 | 0 | 0 | (16) | (16) | (16) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 10389 | 10389 | 10389 |  | 321 | 321 | 321 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 31693 | 31693 | 31693 |  | 1039 | 1039 | 1039 | 30 | 30 | 30 | 30 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $1325 | 1325 | 1325 | PLN | 4842 | 4842 | 4842 | 24 | 24 | 24 | 24 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 182 | 182 | 182 | TWD | 5728 | 5728 | 5728 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 710 | 710 | 710 | ZAR | 11836 | 11836 | 11836 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 2868 | 2868 | 2868 | $ | $900 | 900 | 900 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | PEN | 10532 | 10532 | 10532 |  | 3124 | 3124 | 3124 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $246 | 246 | 246 | MXN | 4529 | 4529 | 4529 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 10482 | 10482 | 10482 | $ | $6843 | 6843 | 6843 | 0 | 0 | 0 | 0 | (153) | (153) | (153) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 324 | 324 | 324 |  | 411 | 411 | 411 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 17257 | 17257 | 17257 |  | 2449 | 2449 | 2449 | 0 | 0 | 0 | 0 | (27) | (27) | (27) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | GBP | 890 | 890 | 890 |  | 1204 | 1204 | 1204 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | IDR | 1884797 | 1884797 | 1884797 |  | 113 | 113 | 113 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 4794 | 4794 | 4794 |  | 1474 | 1474 | 1474 | 0 | 0 | 0 | 0 | (31) | (31) | (31) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 76630 | 76630 | 76630 |  | 850 | 850 | 850 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 311200 | 311200 | 311200 |  | 2014 | 2014 | 2014 | 26 | 26 | 26 | 26 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 5323 | 5323 | 5323 |  | 3025 | 3025 | 3025 | 0 | 0 | 0 | 0 | (41) | (41) | (41) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 4066 | 4066 | 4066 |  | 1114 | 1114 | 1114 | 0 | 0 | 0 | 0 | (18) | (18) | (18) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 136703 | 136703 | 136703 |  | 4481 | 4481 | 4481 | 129 | 129 | 129 | 129 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $3744 | 3744 | 3744 | CNH | 26224 | 26224 | 26224 | 17 | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 400 | 400 | 400 | INR | 36136 | 36136 | 36136 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 2098 | 2098 | 2098 | PLN | 7587 | 7587 | 7587 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 7597 | 7597 | 7597 | TWD | 238320 | 238320 | 238320 | 11 | 11 | 11 | 11 | (19) | (19) | (19) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 1564 | 1564 | 1564 | ZAR | 26073 | 26073 | 26073 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 11099 | 11099 | 11099 | $ | $663 | 663 | 663 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $888 | 888 | 888 | INR | 80014 | 80014 | 80014 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 02/2026  | 02/2026  | 02/2026  |  | 2219 | 2219 | 2219 | TWD | 69651 | 69651 | 69651 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 03/2026  | 03/2026  | 03/2026  | TWD | 14090 | 14090 | 14090 | $ | $454 | 454 | 454 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 36700 | 36700 | 36700 |  | 6425 | 6425 | 6425 | 0 | 0 | 0 | 0 | (135) | (135) | (135) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 01/2026  | 01/2026  | EUR | 918 | 918 | 918 |  | 1065 | 1065 | 1065 | 0 | 0 | 0 | 0 | (14) | (14) | (14) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 1257 | 1257 | 1257 |  | 392 | 392 | 392 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $557 | 557 | 557 | PLN | 2029 | 2029 | 2029 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 689 | 689 | 689 | TRY | 30948 | 30948 | 30948 | 30 | 30 | 30 | 30 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | ZAR | 44241 | 44241 | 44241 | $ | $2554 | 2554 | 2554 | 0 | 0 | 0 | 0 | (114) | (114) | (114) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | ILS | 1241 | 1241 | 1241 |  | 385 | 385 | 385 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 02/2026  | 02/2026  | 02/2026  | $ | $9618 | 9618 | 9618 | TRY | 434909 | 434909 | 434909 | 285 | 285 | 285 | 285 | 0 | 0 | 0 |
|  |  |  | 03/2026  | 03/2026  | 03/2026  |  | 2094 | 2094 | 2094 | MXN | 38769 | 38769 | 38769 | 44 | 44 | 44 | 44 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 01/2026  | 01/2026  | JPY | 50030 | 50030 | 50030 | $ | $321 | 321 | 321 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PEN | 3532 | 3532 | 3532 |  | 1021 | 1021 | 1021 | 0 | 0 | 0 | 0 | (29) | (29) | (29) |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 02/2026  | 16113 | 4608 | 0 | (178) |
|  | 04/2026  | 69800 | 12290 | 11 | (198) |
|  | 05/2026  | 18606 | 5454 | 0 | (52) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 8850 | 5873 | 0 | (33) |
|  | 01/2026  | 21 | 15 | 0 | 0 |
|  | 01/2026  | 5297 | 519 | 0 | (6) |
|  | 01/2026  | 1645 | 950 | 2 | 0 |
|  | 01/2026  | 20 | 6 | 0 | 0 |
|  | 01/2026  | 165298 | 5439 | 177 | 0 |
|  | 01/2026  | $2434 | 16992 | 4 | 0 |
|  | 01/2026  | 211 | 675 | 1 | 0 |
|  | 01/2026  | 14625 | 1306928 | 11 | (130) |
|  | 01/2026  | 6713 | 11599 | 0 | (33) |
|  | 01/2026  | 260 | 933 | 0 | 0 |
|  | 01/2026  | 0 | 14 | 0 | 0 |
|  | 01/2026  | 1797 | 56172 | 1 | (10) |
|  | 01/2026  | 250 | 4244 | 6 | 0 |
|  | 02/2026  | 2276 | $716 | 1 | 0 |
|  | 02/2026  | 22243 | 6461 | 0 | (150) |
|  | 02/2026  | $56 | 1740 | 0 | 0 |
|  | 03/2026  | 15314 | $492 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 2076 | 645 | 0 | (7) |
|  | 01/2026  | 415 | 240 | 1 | 0 |
|  | 01/2026  | $1118 | 3567 | 2 | 0 |
|  | 01/2026  | 4189 | 373049 | 0 | (49) |
|  | 01/2026  | 2480 | 3642484 | 46 | 0 |
|  | 01/2026  | 659 | 11077 | 9 | 0 |
|  | 01/2026  | 78841 | $4525 | 0 | (229) |
|  | 02/2026  | 3566 | 1118 | 0 | (2) |
|  | 02/2026  | $75 | 2349 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 14583 | $9472 | 0 | (261) |
|  | 01/2026  | 360 | 449 | 0 | (6) |
|  | 01/2026  | 8602 | 1222 | 0 | (12) |
|  | 01/2026  | 4270 | 2447 | 0 | (13) |
|  | 01/2026  | 5420 | 1592 | 0 | (19) |
|  | 01/2026  | 15 | 12 | 0 | 0 |
|  | 01/2026  | $592 | 1898 | 4 | 0 |
|  | 01/2026  | 7907 | 146663 | 219 | 0 |
|  | 01/2026  | 3312 | 12079 | 52 | 0 |
|  | 01/2026  | 651 | 10921 | 8 | 0 |
|  | 01/2026  | 54670 | $3179 | 0 | (117) |
|  | 02/2026  | 1897 | 592 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 520 | 161 | 0 | (2) |
|  | 01/2026  | $1154 | 925 | 15 | 0 |
|  | 01/2026  | 1744 | 12297 | 20 | 0 |
|  | 01/2026  | 3185 | 11635 | 56 | 0 |
|  | 01/2026  | 333 | 10590 | 4 | 0 |
|  | 01/2026  | 40652 | $2358 | 0 | (93) |
|  | 02/2026  | $3084 | 16991 | 0 | (7) |
|  | 02/2026  | 1288 | 23891 | 32 | 0 |
|  | 03/2026  | 101 | $18 | 0 | 0 |
|  | 03/2026  | $17740 | 97852 | 0 | (115) |
|  | 03/2026  | 991 | 18384 | 24 | 0 |
|  | 04/2026  | 143300 | $25264 | 69 | (419) |
|  | 04/2026  | $2074 | 38244 | 29 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 35809 | $5084 | 0 | (54) |
|  | 01/2026  | 12716 | 3908 | 0 | (85) |
|  | 01/2026  | 71610 | 804 | 10 | 0 |
|  | 01/2026  | 5675462 | 3955 | 19 | 0 |
|  | 01/2026  | 506 | 27 | 0 | (1) |
|  | 01/2026  | 2347 | 1362 | 10 | 0 |
|  | 01/2026  | 7454 | 2034 | 0 | (42) |
|  | 01/2026  | $2183 | 15336 | 17 | 0 |
|  | 01/2026  | 1801 | 160360 | 0 | (21) |
|  | 01/2026  | 2232 | 8237 | 62 | 0 |
|  | 01/2026  | 14901 | $868 | 0 | (30) |
|  | 02/2026  | $3955 | 5668015 | 0 | (25) |
|  | 02/2026  | 2241 | 41561 | 55 | 0 |
|  | 02/2026  | 0 | 11 | 0 | 0 |
|  | 03/2026  | 1344 | 24641 | 16 | 0 |
|  | 04/2026  | 772 | 14232 | 11 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 756 | $500 | 0 | (5) |
|  | 01/2026  | 49885 | 35444 | 0 | (921) |
|  | 01/2026  | 509 | 641 | 0 | (2) |
|  | 01/2026  | 1102 | 1293 | 0 | (2) |
|  | 01/2026  | 667 | 896 | 0 | (3) |
|  | 01/2026  | 345644 | 2226 | 18 | 0 |
|  | 01/2026  | 1607 | 929 | 3 | 0 |
|  | 01/2026  | 48273 | 37204 | 0 | (374) |
|  | 01/2026  | 139238 | 4595 | 162 | 0 |
|  | 01/2026  | $1091 | 1501 | 3 | 0 |
|  | 01/2026  | 3057 | 2599 | 0 | (2) |
|  | 01/2026  | 276 | 24955 | 1 | 0 |
|  | 01/2026  | 2573 | 400143 | 0 | (16) |
|  | 01/2026  | 1744 | 3029 | 1 | 0 |
|  | 01/2026  | 653 | 2394 | 14 | 0 |

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<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 01/2026  | 01/2026  | 465 | 465 | THB | 15049 | 15049 | 15049 |  | 14 | 14 | 14 |  | 0 |
|  |  | 01/2026  | 01/2026  | 280 | 280 | TWD | 8834 | 8834 | 8834 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | 02/2026  | 592 | 592 | MXN | 10963 | 10963 | 10963 |  | 14 | 14 | 14 |  | 0 |
|  |  | 03/2026  | 03/2026  | 560 | 560 |  | 10309 | 10309 | 10309 |  | 9 | 9 | 9 |  | 0 |
|  |  | 04/2026  | 04/2026  | 619 | 619 |  | 11432 | 11432 | 11432 |  | 9 | 9 | 9 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 4 | 4 | $ | 1 | 1 | 1 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | $1 | 1 | JPY | 233 | 233 | 233 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 4507 | 4507 | $ | 1400 | 1400 | 1400 |  | 0 | 0 | 0 |  | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | $1886 | 1886 | KRW | 2766184 | 2766184 | 2766184 |  | 33 | 33 | 33 |  | 0 |
|  |  | 02/2026  | 02/2026  | 7442 | 7442 | TRY | 338210 | 338210 | 338210 |  | 211 | 211 | 211 |  | 0 |
|  |  | 03/2026  | 03/2026  | 143 | 143 |  | 6568 | 6568 | 6568 |  | 2 | 2 | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 362 | 362 | $ | 451 | 451 | 451 |  | 0 | 0 | 0 |  | (6) |
|  |  | 01/2026  | 01/2026  | 17151 | 17151 |  | 2434 | 2434 | 2434 |  | 0 | 0 | 0 |  | (27) |
|  |  | 01/2026  | 01/2026  | 3135041 | 3135041 |  | 188 | 188 | 188 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 11828 | 11828 |  | 130 | 130 | 130 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 117409 | 117409 |  | 753 | 753 | 753 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | 01/2026  | 34360 | 34360 |  | 1128 | 1128 | 1128 |  | 34 | 34 | 34 |  | 0 |
|  |  | 01/2026  | 01/2026  | $246 | 246 | INR | 22246 | 22246 | 22246 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 868 | 868 | TWD | 27146 | 27146 | 27146 |  | 0 | 0 | 0 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 27851 | 27851 | $ | 32245 | 32245 | 32245 |  | 0 | 0 | 0 |  | (500) |
|  |  | 01/2026  | 01/2026  | 145180 | 145180 |  | 928 | 928 | 928 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | $5165 | 5165 | GBP | 3944 | 3944 | 3944 |  | 151 | 151 | 151 |  | 0 |
|  |  | 01/2026  | 01/2026  | 1050 | 1050 | PEN | 3530 | 3530 | 3530 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 593 | 593 | MXN | 10969 | 10969 | 10969 |  | 13 | 13 | 13 |  | 0 |
|  |  | 03/2026  | 03/2026  | 9 | 9 | $ | 3 | 3 | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 03/2026  | $0 | 0 | MXN | 3 | 3 | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2026  | 07/2026  | 3554 | 3554 | $ | 1050 | 1050 | 1050 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 1530 | 1530 |  | 1912 | 1912 | 1912 |  | 0 | 0 | 0 |  | (22) |
|  |  | 01/2026  | 01/2026  | 3147 | 3147 |  | 863 | 863 | 863 |  | 0 | 0 | 0 |  | (14) |
|  |  | 01/2026  | 01/2026  | $3088 | 3088 | PLN | 11221 | 11221 | 11221 |  | 38 | 38 | 38 |  | 0 |
|  |  | 01/2026  | 01/2026  | 77230 | 77230 | $ | 4441 | 4441 | 4441 |  | 0 | 0 | 0 |  | (216) |
|  |  | 02/2026  | 02/2026  | $557 | 557 | MXN | 10332 | 10332 | 10332 |  | 14 | 14 | 14 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**2410** | **2410** | **2410** | **$** | $**(5169)** | **(5169)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BPS | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.622% | 3.622% | 3.622% | 01/29/2026 | 2000 | 2000 | 2000 | $(4) | (4) | $ | $(3) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.882 | 3.882 | 3.882 | 01/29/2026 | 2000 | 2000 | 2000 | (4) | (4) |  | (6) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.580 | 3.580 | 3.580 | 01/05/2026 | 3900 | 3900 | 3900 | (9) | (9) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.860 | 3.860 | 3.860 | 01/05/2026 | 3900 | 3900 | 3900 | (9) | (9) |  | (1) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.548 | 3.548 | 3.548 | 01/02/2026 | 5000 | 5000 | 5000 | (12) | (12) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.848 | 3.848 | 3.848 | 01/02/2026 | 5000 | 5000 | 5000 | (12) | (12) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.578 | 3.578 | 3.578 | 01/12/2026 | 1300 | 1300 | 1300 | (3) | (3) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.878 | 3.878 | 3.878 | 01/12/2026 | 1300 | 1300 | 1300 | (3) | (3) |  | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.648 | 3.648 | 3.648 | 01/15/2026 | 5200 | 5200 | 5200 | (14) | (14) |  | (4) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.928 | 3.928 | 3.928 | 01/15/2026 | 5200 | 5200 | 5200 | (14) | (14) |  | (4) |
| MYC | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.625 | 3.625 | 3.625 | 01/08/2026 | 4500 | 4500 | 4500 | (12) | (12) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.925 | 3.925 | 3.925 | 01/08/2026 | 4500 | 4500 | 4500 | (12) | (12) |  | (1) |
| NGF | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.498 | 3.498 | 3.498 | 01/05/2026 | 6000 | 6000 | 6000 | (14) | (14) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.798 | 3.798 | 3.798 | 01/05/2026 | 6000 | 6000 | 6000 | (14) | (14) |  | (9) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.639 | 3.639 | 3.639 | 01/12/2026 | 5600 | 5600 | 5600 | (13) | (13) |  | (2) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.919 | 3.919 | 3.919 | 01/12/2026 | 5600 | 5600 | 5600 | (13) | (13) |  | (3) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(162)** | **(162)** | **$** | $**(34)** |

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<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BRC | Turkiye Government International Bonds  | 06/20/2030 | 06/20/2030 | 1.878% | $2400 | (169) | $85 | 85 | $0 | $(84) |
| GST | Soft Bank Group,Inc.  | 06/20/2026 | 06/20/2026 | 1.706 | 800 | (7) | 5 | 5 | 0 | (2) |
| MYC | Colombia Government International Bonds  | 06/20/2027 | 06/20/2027 | 1.075 | 2700 | (153) | 151 | 151 | 0 | (2) |
|  | Colombia Government International Bonds  | 12/20/2027 | 12/20/2027 | 1.164 | 3000 | (267) | 258 | 258 | 0 | (9) |
|  | South Africa Government International Bonds  | 12/20/2026 | 12/20/2026 | 0.266 | 5100 | (229) | 266 | 266 | 37 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(825)** | $**765** | **765** | $**37** | $**(97)** |
| **(o)** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,332 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 4340 | $2176 | 2176 | $ | 6516 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 117054 | 911 | 911 |  | 117965 |  |
| Industrials | Industrials | Industrials | 0 | 0 | 77680 | 3769 | 3769 |  | 81449 |  |
| Utilities | Utilities | Utilities | 0 | 0 | 38402 | 0 | 0 |  | 38402 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | 0 | 0 | 146 | 0 | 0 |  | 146 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 368886 | 0 | 0 |  | 368886 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 922068 | 0 | 0 |  | 922068 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 64603 | 17685 | 17685 |  | 82288 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 34508 | 0 | 0 |  | 34508 |  |
| CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 14933 | 0 | 0 |  | 14933 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 13536 | 0 | 0 |  | 13536 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 6048 | 0 | 0 |  | 6048 |  |
| Other ABS | Other ABS | Other ABS | 0 | 0 | 65570 | 1500 | 1500 |  | 67070 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 170192 | 0 | 0 |  | 170192 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 2068 | 0 | 0 |  | 2068 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 9100 | 0 | 0 |  | 9100 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 1678 | 0 | 0 |  | 1678 |  |
|  |  |  | $0 | 0 | 1910812 | $26041 | 26041 | $ | 1936853 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Mutual Funds | Mutual Funds | Mutual Funds | 85299 | 85299 | 0 | 0 | 0 |  | 85299 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | 4754 | 4754 | 0 | 0 | 0 |  | 4754 |  |
|  |  |  | $90053 | 90053 | 0 | $0 | 0 | $ | 90053 |  |
| Total Investments | Total Investments | Total Investments | $90052 | 90052 | 1910813 | $26041 | 26041 | $ | 2026906 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | 0 | $(40729) | (40729) | $0 | 0 | $ | (40729) |  |  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 180 | 180 | 180 | 180 | 1634 | 1634 | 0 | 0 |  | 1814 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 2447 | 2447 | 0 | 0 |  | 2447 |  |  |
|  |  |  |  |  |  | $180 | 180 | 180 | 180 | $4081 | 4081 | $0 | 0 | $ | 4261 |  |  |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (5) | (5) | (5) | (5) | (1112) | (1112) | 0 | 0 |  | (1117) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (5300) | (5300) | 0 | 0 |  | (5300) |  |  |
|  |  |  |  |  |  | $(5) | (5) | (5) | (5) | $(6412) | (6412) | $0 | 0 | $ | (6417) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $175 | 175 | 175 | 175 | $(2331) | (2331) | $0 | 0 | $ | (2156) |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $90227 | 90227 | 90227 | 90227 | $1867753 | 1867753 | $26041 | 26041 | $ | 1984021 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases | Net<br>Sales/Settlements | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | 3158 | 671 | $ | $(36) | $ | 0 | $ | $0 | $ | 10 | $0 | 0 | $(1627) | (1627) | 2176 | $ | 25 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 603 | 894 |  | (600) |  | 0 |  | 0 |  | 14 | 0 | 0 | 0 | 0 | 911 |  | 17 |
| Industrials | 0 | 3700 |  | 0 |  | 0 |  | 0 |  | 69 | 0 | 0 | 0 | 0 | 3769 |  | 69 |
| Non-Agency Mortgage-Backed Securities | 0 | 17327 |  | 0 |  | 0 |  | 0 |  | 358 | 0 | 0 | 0 | 0 | 17685 |  | 358 |
| Asset-Backed Securities | 6163 | 1500 |  | (1652) |  | 0 |  | 114 |  | 395 | 0 | 0 | (5020) | (5020) | 1500 |  | 0 |
| Totals | 9924 | 24092 | $ | $(2288) | $ | 0 | $ | $114 | $ | 846 | $0 | 0 | $(6647) | (6647) | 26041 | $ | 469 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $1863 | 1863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.940 - 5.690 | 3.940 - 5.690 | 5.066 | 5.066 |
|  |  | 313 | 313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250 | 100.250 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 617 | 617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.960 | 4.960 |  |  |
|  |  | 294 | 294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 |  |  |
| Industrials | Industrials | 3769 | 3769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.500 - 5.000 | 4.500 - 5.000 | 4.733 | 4.733 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 17685 | 17685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | 1500 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | 100.000 | 100.000 |  |  |
| Total | Total | $26041 | 26041 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 209.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Project Flash**<br>TBD% - 9.912% (TSFR1M + 2.500%) due 01/09/2028 «~µ | $6870 | $6816 |
| **Project Nova**<br>7.080% - 7.284% due 08/31/2026 «~ | 2800 | 2800 |
| Total Loan Participations and Assignments (Cost $9,646) |  | 9616 |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **Preferred Term Securities XVI Ltd./Preferred Term Securities XVI, Inc.** <br>4.565% (US0003M + 0.580%) due 03/23/2035 ~ | 2495 | 2371 |
| **Preferred Term Securities XXI Ltd./Preferred Term Securities XXI, Inc.** <br>4.073% (US0003M + 0.350%) due 03/22/2038 ~ | 1143 | 1097 |
| **Preferred Term Securities XXIV Ltd./Preferred Term Securities XXIV, Inc.** <br>4.285% (US0003M + 0.300%) due 03/22/2037 ~ | 193 | 183 |
| **Preferred Term Securities XXVI Ltd./Preferred Term Securities XXVI, Inc.** <br>4.285% (US0003M + 0.300%) due 09/22/2037 ~ | 1696 | 1585 |
| **SBA Tower Trust** <br>1.840% due 04/15/2027 | 17600 | 17055 |
|  |  | 22291 |
| **INDUSTRIALS 0.9%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 114820 | 121412 |
| **Crown Castle Towers LLC** <br>4.241% due 07/15/2048 | 500 | 498 |
| **Times Square Hotel Trust** <br>8.528% due 08/01/2026 | 346 | 347 |
|  |  | 122257 |
| Total Corporate Bonds & Notes (Cost $136,953) |  | 144548 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **MICHIGAN 0.0%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | 4574 | 3586 |
| Total Municipal Bonds & Notes (Cost $3,508) |  | 3586 |
| **U.S. GOVERNMENT AGENCIES 151.6%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 02/01/2040 - 06/01/2050 (g) | 62164 | 56906 |
| 3.000% due 11/01/2049 - 10/01/2051 | 8951 | 8054 |
| 3.500% due 01/01/2038 - 10/01/2049 | 1673 | 1580 |
| 3.500% due 02/01/2047 - 02/01/2051 (g) | 50702 | 47444 |
| 4.000% due 06/01/2039 - 07/01/2049 | 12175 | 11878 |
| 4.000% due 05/01/2045 - 05/01/2049 (g) | 65739 | 63623 |
| 4.190% due 05/01/2030 (g) | 20500 | 20396 |
| 4.500% due 08/01/2030 - 11/01/2054 | 2938 | 2916 |
| 4.500% due 12/01/2041 - 12/01/2054 (g) | 10729 | 10614 |
| 4.950% due 01/01/2030 (g) | 10710 | 10922 |
| 5.000% due 03/01/2049 - 01/01/2055 (g) | 41818 | 42322 |
| 5.000% due 10/01/2052 - 09/01/2053 | 7104 | 7167 |
| 5.500% due 09/01/2035 - 09/01/2055 | 23546 | 24110 |
| 5.500% due 01/01/2039 - 09/01/2055 (g) | 797150 | 817239 |
| 6.000% due 03/01/2045 - 05/01/2055 | 31275 | 32558 |
| 6.000% due 05/01/2045 - 09/01/2055 (g) | 655788 | 684929 |
| 6.500% due 05/01/2045 - 09/01/2055 (g) | 738511 | 772502 |
| 6.500% due 09/01/2053 - 08/01/2055 | 10128 | 10658 |
| 7.000% due 03/01/2039 - 07/01/2054 | 161 | 171 |
| 7.000% due 06/01/2054 (g) | 1806 | 1916 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 0.902% due 04/25/2034 ~(a) | 131883 | 6643 |
| 2.903% due 07/25/2054 ~ | 33251 | 32369 |
| 3.919% due 10/25/2046 ~ | 957 | 952 |
| 4.228% due 10/25/2034 ~ | 69498 | 69159 |
| 4.660% due 01/25/2031 | 27615 | 28207 |
| 5.007% due 09/25/2030 ~ | 12825 | 13181 |

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<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.430% due 06/25/2031 ~ | 9387 | 9793 |
| 6.627% due 12/25/2047 ~ | 92 | 92 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 0.000% due 10/15/2026 - 08/15/2057 (b)(e) | 11481 | 8855 |
| 0.000% due 01/15/2033 - 08/15/2045 •  | 21237 | 18001 |
| 0.000% due 07/15/2047 - 03/25/2052 •(a) | 29319 | 716 |
| 0.266% due 11/15/2048 •(a) | 103781 | 4259 |
| 0.402% due 08/15/2040 •(a) | 813 | 35 |
| 0.422% due 10/15/2042 •  | 963 | 640 |
| 0.433% due 11/15/2042 •  | 297 | 162 |
| 0.482% due 01/15/2043 •  | 1889 | 1021 |
| 0.528% due 07/15/2043 •  | 12 | 7 |
| 0.662% due 03/15/2045 •  | 202 | 134 |
| 0.703% due 12/15/2042 •  | 1145 | 928 |
| 0.902% due 04/15/2042 •(a) | 1216 | 67 |
| 1.229% due 05/15/2035 •  | 195 | 199 |
| 1.250% due 01/15/2028 | 2229 | 2184 |
| 1.294% due 03/15/2050 ~(a) | 23701 | 1069 |
| 1.321% due 08/15/2048 ~(a) | 39206 | 1543 |
| 1.335% due 12/15/2050 ~(a) | 38927 | 1736 |
| 1.375% due 12/15/2027 | 1405 | 1377 |
| 1.422% due 09/15/2041 •  | 478 | 338 |
| 1.426% due 09/25/2054 •(a) | 46426 | 3368 |
| 1.455% due 10/15/2042 •  | 339 | 281 |
| 1.500% due 02/15/2028 | 3803 | 3729 |
| 1.526% due 11/25/2054 •(a) | 72427 | 3478 |
| 1.551% due 10/15/2037 ~(a) | 174 | 8 |
| 1.561% due 10/15/2037 ~(a) | 144 | 7 |
| 1.703% due 10/15/2038 ~(a) | 2021 | 113 |
| 1.703% due 01/15/2041 •  | 508 | 476 |
| 1.709% due 05/15/2037 ~(a) | 119 | 7 |
| 1.733% due 01/15/2038 ~(a) | 1420 | 72 |
| 1.741% due 03/15/2037 ~(a) | 168 | 9 |
| 1.750% due 10/15/2032 | 1472 | 1389 |
| 1.770% due 11/15/2036 - 11/15/2038 ~(a) | 927 | 53 |
| 1.859% due 08/15/2041 ~(a) | 145 | 8 |
| 1.862% due 06/15/2038 ~(a) | 376 | 23 |
| 1.902% due 10/15/2036 - 08/15/2042 •(a) | 15766 | 1698 |
| 1.921% due 10/15/2041 ~(a) | 306 | 18 |
| 1.952% due 08/15/2041 - 11/15/2043 •(a) | 3501 | 444 |
| 1.964% due 02/15/2038 ~(a) | 292 | 16 |
| 2.000% due 04/25/2031 - 04/25/2051 (a) | 339018 | 40619 |
| 2.000% due 07/15/2041 | 545 | 521 |
| 2.001% due 04/15/2047 •(a) | 5711 | 496 |
| 2.002% due 12/15/2042 - 02/15/2044 •(a) | 6821 | 1001 |
| 2.011% due 04/25/2048 - 11/25/2049 •(a) | 20183 | 2595 |
| 2.030% due 08/15/2047 ~(a) | 7683 | 818 |
| 2.052% due 11/15/2042 - 10/15/2048 •(a) | 21264 | 2645 |
| 2.061% due 04/25/2049 - 06/25/2050 •(a) | 58306 | 7680 |
| 2.084% due 08/15/2036 ~(a) | 188 | 13 |
| 2.097% due 12/15/2046 ~(a) | 34482 | 2991 |
| 2.102% due 01/15/2033 - 06/15/2048 •(a) | 13491 | 1551 |
| 2.111% due 06/25/2050 - 08/25/2050 •(a) | 33160 | 4251 |
| 2.126% due 10/25/2054 •(a) | 87515 | 8167 |
| 2.161% due 05/25/2050 - 06/25/2050 •(a) | 20289 | 2489 |
| 2.165% due 02/15/2041 •  | 77 | 66 |
| 2.211% due 07/25/2050 •(a) | 22159 | 3126 |
| 2.250% due 05/15/2040 | 4266 | 4160 |
| 2.332% due 02/15/2037 •(a) | 263 | 24 |
| 2.352% due 04/15/2032 •(a) | 566 | 29 |
| 2.426% due 12/25/2050 •(a) | 6547 | 1037 |
| 2.500% due 09/15/2027 - 12/25/2051 (a) | 342642 | 50195 |
| 2.502% due 01/15/2041 •(a) | 207 | 21 |
| 2.552% due 02/15/2032 - 03/15/2035 •(a) | 110 | 7 |
| 2.602% due 09/15/2035 - 07/15/2042 •(a) | 1046 | 159 |
| 2.652% due 03/15/2037 •(a) | 318 | 30 |
| 3.000% due 05/15/2027 - 02/25/2052 (a) | 587108 | 97770 |
| 3.500% due 02/15/2041 - 04/15/2054 | 10770 | 8697 |
| 3.500% due 02/25/2041 - 03/25/2052 (a) | 312631 | 55135 |
| 3.902% due 06/15/2031 •(a) | 41 | 4 |
| 4.000% due 02/15/2031 - 08/15/2042 | 2205 | 2057 |
| 4.000% due 03/15/2042 - 06/25/2051 (a) | 102318 | 22873 |
| 4.000% due 03/25/2052 •  | 6520 | 6111 |
| 4.398% due 08/15/2047 •  | 1522 | 1483 |
| 4.498% due 09/15/2042 - 08/15/2057 •  | 23707 | 23086 |
| 4.500% due 12/15/2033 - 11/15/2040 | 465 | 469 |
| 4.500% due 07/15/2042 - 10/25/2051 (a) | 148429 | 34820 |
| 4.598% due 03/15/2044 •  | 1266 | 1255 |
| 4.648% due 11/15/2040 •  | 1347 | 1339 |
| 4.673% due 10/15/2038 •  | 1514 | 1494 |
| 4.674% due 10/25/2052 •  | 57008 | 56481 |
| 4.803% due 05/15/2033 •  | 2 | 2 |
| 4.844% due 08/25/2054 •  | 20771 | 20872 |
| 4.854% due 02/25/2055 •  | 16359 | 16442 |
| 4.874% due 09/25/2054 - 02/25/2055 •  | 70363 | 70760 |
| 4.924% due 08/25/2055 - 11/25/2055 •  | 14434 | 14488 |

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<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 4.974% due 10/25/2054 - 11/25/2054 •  | 105136 | 105384 |
| 5.000% due 05/25/2048 - 10/25/2054 (a) | 75425 | 15976 |
| 5.024% due 12/25/2054 •  | 7110 | 7135 |
| 5.074% due 12/25/2054 - 08/25/2055 •  | 11594 | 11646 |
| 5.109% due 04/15/2049 - 12/15/2050 •  | 5769 | 5769 |
| 5.124% due 11/25/2052 •  | 47388 | 47508 |
| 5.174% due 11/25/2054 •  | 128610 | 129144 |
| 5.209% due 08/15/2048 •  | 11721 | 11815 |
| 5.268% due 05/15/2033 •  | 5 | 5 |
| 5.324% due 02/25/2055 •  | 23204 | 23419 |
| 5.500% due 02/15/2033 - 05/15/2036 | 190 | 198 |
| 5.500% due 05/15/2041 •  | 19 | 19 |
| 5.889% due 10/15/2033 •  | 90 | 96 |
| 6.000% due 07/15/2035 | 679 | 735 |
| 6.000% due 03/15/2044 (a) | 344 | 60 |
| 6.763% due 06/15/2042 •  | 564 | 545 |
| 6.964% due 11/15/2034 •  | 4 | 5 |
| **Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust**  |  |  |
| 4.250% due 08/25/2059 - 11/25/2059 ~ | 11204 | 10908 |
| 4.500% due 02/25/2059 ~ | 27851 | 26822 |
| **Federal Home Loan Mortgage Corp. STACR REMICS Trust**  |  |  |
| 5.524% due 01/25/2034 •  | 527 | 529 |
| 6.774% due 04/25/2042 •  | 10900 | 11177 |
| **Federal Home Loan Mortgage Corp. STRIPS**  |  |  |
| 0.000% due 06/01/2026 - 12/15/2036 (b)(e) | 693 | 625 |
| 1.792% due 09/15/2043 •(a) | 6934 | 714 |
| 1.952% due 09/15/2044 •(a) | 2124 | 222 |
| 1.974% due 02/15/2038 ~(a) | 7267 | 391 |
| 2.000% due 06/25/2051 - 06/25/2052 (a) | 570103 | 73345 |
| 2.500% due 01/25/2051 - 10/15/2052 (a) | 238033 | 35705 |
| 3.000% due 12/15/2032 - 10/15/2052 (a) | 155149 | 25646 |
| 3.000% due 05/15/2034 ~(a) | 226 | 11 |
| 3.076% due 12/15/2027 ~(a) | 79 | 2 |
| 3.500% due 01/15/2043 - 10/15/2052 (a) | 100678 | 17948 |
| 3.500% due 10/15/2047 ~(a) | 598 | 104 |
| 4.000% due 12/15/2043 - 06/15/2050 (a) | 24500 | 4330 |
| 4.000% due 05/15/2049 ~(a) | 356 | 50 |
| 5.000% due 09/15/2046 ~(a) | 480 | 73 |
| 5.000% due 11/15/2052 - 05/25/2054 (a) | 267724 | 58365 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>2.811% due 12/25/2036 •  | 17472 | 14752 |
| **Federal Home Loan Mortgage Corp. Whole Loan Securities Trust**  |  |  |
| 3.000% due 09/25/2045 - 12/25/2046 | 2223 | 1942 |
| 3.500% due 12/25/2046 | 1635 | 1456 |
| **Federal National Mortgage Association**  |  |  |
| 2.100% due 01/01/2047 •  | 99 | 99 |
| 2.500% due 01/01/2033 (g) | 3710 | 3554 |
| 2.500% due 01/01/2033 | 787 | 753 |
| 3.000% due 01/01/2038 - 07/01/2060 (g) | 336604 | 301429 |
| 3.000% due 04/01/2038 - 06/01/2051 | 7265 | 6615 |
| 3.020% due 03/01/2028 (g) | 6617 | 6513 |
| 3.280% due 05/01/2047 •  | 500 | 509 |
| 3.290% due 04/01/2027 - 03/01/2028 (g) | 70774 | 70200 |
| 3.430% due 05/01/2028 (g) | 9728 | 9642 |
| 3.430% due 03/01/2033 | 954 | 897 |
| 3.500% due 10/01/2034 - 06/01/2051 (g) | 94653 | 89582 |
| 3.500% due 03/01/2038 - 04/01/2050 | 4347 | 4119 |
| 3.575% due 02/01/2026 (g) | 12198 | 12164 |
| 3.725% due 06/01/2048 •  | 128 | 127 |
| 3.975% due 06/01/2048 •  | 107 | 107 |
| 4.000% due 06/01/2033 - 07/01/2053 | 70425 | 68537 |
| 4.000% due 04/01/2037 - 05/01/2049 (g) | 154567 | 150520 |
| 4.140% due 04/01/2028 (g) | 10505 | 10569 |
| 4.270% due 11/01/2032 (g) | 14270 | 14188 |
| 4.280% due 11/01/2032 (g) | 26301 | 26165 |
| 4.300% due 12/01/2029 (g) | 10022 | 10109 |
| 4.300% due 12/01/2032 | 378000 | 377011 |
| 4.320% due 06/01/2028 (g) | 3148 | 3182 |
| 4.320% due 06/01/2028 | 2319 | 2344 |
| 4.350% due 12/01/2032 (g) | 6018 | 6003 |
| 4.374% due 02/01/2028 ~(g) | 24958 | 25028 |
| 4.385% due 07/01/2030 - 04/01/2033 (g) | 13956 | 13959 |
| 4.400% due 12/01/2029 (g) | 24771 | 25102 |
| 4.440% due 06/01/2033 (g) | 12320 | 12334 |
| 4.470% due 12/01/2032 (g) | 2849 | 2861 |
| 4.490% due 10/01/2030 | 1745 | 1769 |
| 4.490% due 04/01/2033 - 05/01/2033 (g) | 11905 | 11937 |
| 4.500% due 06/01/2030 - 01/01/2055 | 8604 | 8588 |
| 4.500% due 11/01/2032 - 04/01/2059 (g) | 88507 | 88178 |
| 4.530% due 06/01/2033 (g) | 3157 | 3184 |
| 4.550% due 05/01/2028 | 1272 | 1292 |
| 4.560% due 12/01/2029 (g) | 4986 | 5074 |
| 4.580% due 08/01/2033 (g) | 7368 | 7466 |
| 4.590% due 06/01/2033 (g) | 24223 | 24496 |
| 4.640% due 09/01/2028 (g) | 4884 | 4972 |
| 4.700% due 04/01/2033 (g) | 17842 | 18072 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.740% due 05/01/2033 | 2126 | 2164 |
| 4.815% due 09/01/2028 (g) | 14232 | 14539 |
| 4.840% due 07/01/2033 | 1500 | 1540 |
| 4.880% due 09/01/2028 (g) | 23455 | 24018 |
| 4.900% due 10/01/2028 (g) | 3047 | 3120 |
| 4.990% due 03/01/2031 (g) | 7843 | 8060 |
| 5.000% due 11/01/2033 - 02/01/2055 | 11998 | 12143 |
| 5.000% due 04/01/2043 - 12/01/2054 (g) | 18099 | 18379 |
| 5.110% due 08/01/2033 | 1070 | 1112 |
| 5.170% due 05/01/2031 (g) | 2820 | 2939 |
| 5.200% due 10/01/2030 (g) | 3962 | 4126 |
| 5.230% due 10/01/2028 (g) | 8806 | 9089 |
| 5.500% due 11/01/2036 - 08/01/2055 | 14638 | 15024 |
| 5.500% due 11/01/2039 - 01/01/2055 (g) | 410296 | 421066 |
| 5.570% due 10/01/2028 (g) | 3694 | 3736 |
| 5.590% due 10/01/2031 | 2210 | 2347 |
| 5.610% due 10/01/2028 | 4067 | 4114 |
| 5.810% due 06/01/2031 (g) | 65600 | 68207 |
| 5.910% due 10/01/2028 | 907 | 949 |
| 5.987% due 12/01/2034 •(g) | 90 | 92 |
| 6.000% due 04/01/2044 - 05/01/2055 | 33498 | 34768 |
| 6.000% due 12/01/2052 - 06/01/2055 (g) | 586948 | 611063 |
| 6.175% due 06/01/2035 •  | 7 | 7 |
| 6.218% due 12/01/2048 •(g) | 368 | 384 |
| 6.280% due 09/01/2043 •(g) | 512 | 534 |
| 6.337% due 08/01/2049 •(g) | 1354 | 1411 |
| 6.442% due 01/01/2035 •(g) | 141 | 146 |
| 6.492% due 01/01/2035 •  | 76 | 78 |
| 6.500% due 05/01/2045 - 09/01/2055 (g) | 481270 | 504828 |
| 6.500% due 09/01/2053 - 08/01/2055 | 20742 | 21752 |
| 7.000% due 06/01/2054 - 07/01/2054 | 1645 | 1742 |
| **Federal National Mortgage Association Connecticut Avenue Securities Trust**<br>6.974% due 03/25/2042 •  | 3750 | 3843 |
| **Federal National Mortgage Association Grantor Trust**<br>5.422% due 08/25/2043 ~ | 12 | 12 |
| **Federal National Mortgage Association Interest STRIPS**  |  |  |
| 0.000% due 01/25/2033 - 10/25/2040 (b)(e) | 603 | 512 |
| 1.500% due 04/25/2037 - 01/25/2052 (a) | 50511 | 3127 |
| 2.000% due 07/25/2037 - 08/25/2052 (a) | 389397 | 46162 |
| 2.500% due 06/25/2052 - 08/25/2052 (a) | 80278 | 12278 |
| 3.000% due 02/25/2028 - 08/25/2052 (a) | 107948 | 17525 |
| 3.500% due 08/25/2043 - 11/25/2048 (a) | 40114 | 7118 |
| 4.000% due 10/25/2053 (a) | 43197 | 8970 |
| 5.000% due 08/25/2053 - 05/25/2055 (a) | 399565 | 85607 |
| 5.500% due 02/25/2029 - 05/25/2055 (a) | 92235 | 20783 |
| 5.500% due 01/25/2032 ~(a) | 51 | 4 |
| 6.000% due 04/25/2032 - 05/25/2055 (a) | 86440 | 19128 |
| 6.500% due 04/25/2038 (a) | 157 | 35 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 0.000% due 10/25/2033 - 05/25/2048 (b)(e) | 11188 | 8524 |
| 0.000% due 11/25/2042 - 05/25/2051 •  | 10326 | 4962 |
| 0.000% due 06/25/2043 - 02/25/2052 •(a) | 551391 | 1620 |
| 0.011% due 01/25/2033 •  | 3217 | 2915 |
| 0.017% due 07/25/2043 •  | 347 | 214 |
| 0.161% due 02/25/2033 •  | 1308 | 1154 |
| 0.200% due 02/25/2043 •(a) | 2871 | 18 |
| 0.282% due 01/25/2044 ~(a) | 952 | 7 |
| 0.614% due 03/25/2043 •  | 8723 | 7436 |
| 0.632% due 12/25/2042 - 10/25/2043 •  | 2644 | 2149 |
| 0.861% due 03/25/2047 •  | 256 | 173 |
| 0.914% due 03/25/2033 •  | 9586 | 8935 |
| 1.011% due 06/25/2050 •(a) | 7813 | 607 |
| 1.307% due 12/25/2050 ~(a) | 45411 | 2369 |
| 1.376% due 09/25/2054 •(a) | 85948 | 5943 |
| 1.400% due 06/25/2028 | 3183 | 3109 |
| 1.401% due 01/25/2051 ~(a) | 86323 | 4004 |
| 1.430% due 10/25/2046 ~(a) | 178 | 8 |
| 1.497% due 07/25/2044 ~(a) | 500 | 21 |
| 1.500% due 02/25/2028 - 04/25/2028 | 6091 | 5974 |
| 1.500% due 11/25/2035 - 08/25/2037 (a) | 328171 | 16880 |
| 1.522% due 11/25/2041 •  | 751 | 544 |
| 1.542% due 04/25/2046 ~(a) | 485 | 24 |
| 1.558% due 07/25/2052 ~(a) | 512 | 26 |
| 1.611% due 06/25/2044 •(a) | 2198 | 120 |
| 1.637% due 04/25/2055 ~(a) | 807 | 40 |
| 1.643% due 07/25/2045 ~(a) | 11262 | 649 |
| 1.679% due 09/25/2045 ~(a) | 358 | 15 |
| 1.683% due 07/25/2044 - 03/25/2060 ~(a) | 10465 | 748 |
| 1.740% due 01/25/2045 ~(a) | 408 | 23 |
| 1.747% due 08/25/2054 ~(a) | 349 | 19 |
| 1.770% due 03/25/2045 ~(a) | 1103 | 63 |
| 1.875% due 06/25/2052 ~(a) | 10766 | 791 |
| 1.937% due 08/25/2055 ~(a) | 496 | 28 |
| 1.948% due 08/25/2033 •  | 271 | 257 |
| 1.949% due 08/25/2044 ~(a) | 414 | 30 |
| 1.961% due 10/25/2043 - 01/25/2050 •(a) | 10351 | 1651 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.966% due 02/25/2062 ~(a) | 15180 | 1270 |
| 1.971% due 12/25/2036 •(a) | 260 | 20 |
| 2.000% due 07/25/2041 - 12/25/2042 | 240 | 197 |
| 2.000% due 10/25/2050 - 07/25/2052 (a) | 309979 | 39820 |
| 2.011% due 05/25/2046 - 11/25/2049 •(a) | 64727 | 8100 |
| 2.011% due 09/25/2061 ~(a) | 5842 | 502 |
| 2.014% due 06/25/2048 ~ | 1711 | 204 |
| 2.031% due 09/25/2049 •(a) | 3632 | 460 |
| 2.061% due 10/25/2042 - 07/25/2059 •(a) | 55017 | 6231 |
| 2.111% due 06/25/2037 - 07/25/2050 •(a) | 49022 | 6279 |
| 2.123% due 06/25/2043 •  | 1953 | 1637 |
| 2.161% due 09/25/2041 - 01/25/2049 •(a) | 17800 | 2020 |
| 2.211% due 11/25/2044 - 05/25/2048 •(a) | 22408 | 2927 |
| 2.211% due 05/25/2048 •  | 4569 | 3737 |
| 2.226% due 10/25/2054 •(a) | 37520 | 3999 |
| 2.261% due 08/25/2041 - 02/25/2043 •(a) | 9679 | 814 |
| 2.441% due 03/25/2042 •(a) | 703 | 113 |
| 2.500% due 12/25/2027 - 10/25/2052 (a) | 903617 | 134296 |
| 2.500% due 01/25/2034 | 2380 | 2349 |
| 2.611% due 09/25/2040 - 09/25/2042 •(a) | 3326 | 525 |
| 2.661% due 05/25/2036 •(a) | 587 | 73 |
| 2.711% due 10/25/2026 - 08/25/2040 •(a) | 21 | 0 |
| 2.761% due 09/25/2039 •(a) | 44 | 4 |
| 2.811% due 12/25/2032 - 11/25/2036 •(a) | 1070 | 129 |
| 2.911% due 04/25/2038 •(a) | 239 | 21 |
| 3.000% due 11/25/2027 - 10/25/2052 (a) | 540858 | 86694 |
| 3.000% due 06/25/2033 - 05/25/2048 | 3953 | 3607 |
| 3.111% due 10/25/2034 •(a) | 305 | 13 |
| 3.226% due 09/25/2054 •(a) | 78983 | 5874 |
| 3.400% due 01/25/2041 •  | 1678 | 1734 |
| 3.500% due 10/25/2027 - 04/25/2053 (a) | 258770 | 46041 |
| 3.500% due 05/25/2039 - 10/25/2042 | 1312 | 1243 |
| 3.625% due 05/25/2039 | 2246 | 2241 |
| 3.711% due 08/25/2034 •(a) | 103 | 6 |
| 3.750% due 05/25/2033 - 01/25/2044 | 18 | 17 |
| 4.000% due 01/25/2033 - 03/25/2053 (a) | 175938 | 36103 |
| 4.000% due 11/25/2040 - 05/25/2050 | 9077 | 7715 |
| 4.174% due 11/25/2050 •  | 2529 | 2433 |
| 4.289% due 12/25/2047 - 09/25/2050 •  | 38195 | 37078 |
| 4.339% due 09/25/2044 •  | 3075 | 3023 |
| 4.389% due 03/25/2042 - 05/25/2045 •  | 2706 | 2658 |
| 4.434% due 02/25/2037 •  | 132 | 131 |
| 4.439% due 09/25/2049 - 07/25/2059 •  | 5234 | 5138 |
| 4.459% due 07/25/2049 •  | 3288 | 3231 |
| 4.500% due 03/25/2040 | 13 | 13 |
| 4.500% due 11/25/2044 - 09/25/2053 (a) | 130471 | 29757 |
| 4.539% due 12/25/2040 •  | 526 | 523 |
| 4.673% due 08/25/2044 •  | 1237 | 1224 |
| 4.674% due 06/25/2055 •  | 37622 | 37393 |
| 4.683% due 03/25/2040 •  | 55 | 55 |
| 4.723% due 03/25/2049 •  | 394 | 391 |
| 4.763% due 12/25/2046 •  | 762 | 756 |
| 4.773% due 09/25/2046 - 11/25/2059 •  | 2496 | 2472 |
| 4.829% due 04/25/2048 •  | 926 | 934 |
| 4.839% due 07/25/2038 •  | 73 | 73 |
| 4.844% due 08/25/2054 •  | 4122 | 4142 |
| 4.874% due 01/25/2054 •  | 59698 | 60021 |
| 4.973% due 05/25/2050 •  | 1723 | 1717 |
| 4.974% due 11/25/2054 •  | 128663 | 128958 |
| 4.989% due 12/25/2047 •  | 2063 | 2064 |
| 5.000% due 04/25/2035 - 07/25/2040 | 129 | 128 |
| 5.000% due 10/25/2054 (a) | 39732 | 8517 |
| 5.009% due 01/25/2051 •  | 7893 | 7907 |
| 5.074% due 12/25/2054 •  | 4474 | 4491 |
| 5.109% due 12/25/2050 •  | 1690 | 1689 |
| 5.124% due 11/25/2052 •  | 76455 | 76648 |
| 5.274% due 02/25/2055 •  | 2170 | 2188 |
| 5.424% due 06/25/2055 •  | 16512 | 16691 |
| 5.500% due 12/25/2034 - 06/25/2036 | 807 | 835 |
| 6.000% due 02/25/2034 | 46 | 48 |
| 7.000% due 11/25/2039 - 03/25/2049 | 69 | 72 |
| 9.565% due 12/25/2036 •  | 22 | 25 |
| **Federal National Mortgage Association REMICS Trust**  |  |  |
| 0.000% due 07/25/2044 ~(a) | 14276 | 168 |
| 1.792% due 10/25/2046 ~(a) | 3394 | 128 |
| 2.461% due 09/25/2037 •(a) | 1332 | 87 |
| 5.175% due 05/25/2042 ~ | 12 | 12 |
| **Federal National Mortgage Association-ACES**  |  |  |
| 2.242% due 01/25/2031 ~(a) | 9721 | 493 |
| 6.300% due 06/25/2031 ~ | 10 | 10 |
| **First Foundation Bank Multifamily Housing Mortgage Loan Trust**<br>2.749% due 06/25/2054 ~ | 3900 | 3804 |
| **Government National Mortgage Association**  |  |  |
| 0.000% due 04/16/2053 ~(a) | 202 | 0 |
| 0.022% due 08/16/2048 ~(a) | 1700 | 0 |
| 0.300% due 05/16/2050 ~(a) | 610 | 1 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.814% due 05/16/2053 ~(a) | 43 | 1 |
| 3.000% due 09/20/2046 - 10/20/2051 | 2465 | 2234 |
| 3.000% due 11/20/2046 - 02/20/2053 (g) | 48624 | 44063 |
| 3.500% due 03/20/2042 - 02/20/2053 | 17240 | 15877 |
| 3.500% due 10/20/2047 - 12/20/2052 (g) | 214075 | 196809 |
| 4.000% due 07/20/2039 - 04/20/2055 | 3765 | 3623 |
| 4.000% due 01/20/2045 - 07/15/2048 (g) | 4409 | 4292 |
| 4.500% due 09/15/2038 - 08/20/2048 (g) | 56073 | 56150 |
| 4.500% due 07/20/2039 - 09/20/2048 | 3726 | 3687 |
| 4.750% due 10/20/2044 •(g) | 485 | 500 |
| 5.000% due 08/20/2034 - 01/20/2049 | 674 | 677 |
| 5.000% due 06/20/2049 (g) | 6265 | 6401 |
| 5.375% due 08/20/2045 •(g) | 376 | 385 |
| 5.500% due 02/20/2034 - 04/20/2040 | 32 | 32 |
| 5.500% due 12/20/2038 - 01/20/2039 (g) | 51 | 52 |
| 6.000% due 07/20/2038 - 06/20/2041 | 174 | 183 |
| 6.500% due 03/15/2035 (g) | 212 | 221 |
| 6.500% due 01/20/2055 - 03/20/2055 | 621 | 643 |
| **Government National Mortgage Association REMICS**  |  |  |
| 0.000% due 03/20/2035 - 06/16/2043 (b)(e) | 3196 | 2796 |
| 0.000% due 10/20/2047 - 02/20/2049 •(a) | 33452 | 615 |
| 0.030% due 09/20/2045 •  | 323 | 217 |
| 0.064% due 06/20/2045 •  | 981 | 660 |
| 0.077% due 08/20/2045 •  | 774 | 701 |
| 0.141% due 12/20/2042 ~ | 276 | 229 |
| 0.790% due 11/20/2045 ~(a) | 712 | 31 |
| 0.802% due 06/20/2046 ~(a) | 1713 | 68 |
| 0.818% due 11/20/2046 ~(a) | 3114 | 197 |
| 0.828% due 09/20/2045 ~(a) | 1027 | 46 |
| 0.830% due 12/20/2045 ~(a) | 621 | 31 |
| 0.833% due 06/20/2043 ~(a) | 1958 | 104 |
| 0.863% due 01/20/2047 ~(a) | 3166 | 194 |
| 0.874% due 08/20/2045 ~(a) | 446 | 19 |
| 0.895% due 08/20/2047 ~(a) | 2656 | 135 |
| 0.896% due 05/20/2047 ~(a) | 4658 | 248 |
| 0.920% due 07/20/2046 ~(a) | 2986 | 186 |
| 0.928% due 10/20/2046 ~(a) | 2820 | 157 |
| 0.946% due 11/20/2046 ~(a) | 244 | 20 |
| 1.013% due 04/20/2043 ~(a) | 4512 | 292 |
| 1.025% due 05/20/2040 ~(a) | 2871 | 136 |
| 1.057% due 07/20/2041 ~(a) | 895 | 53 |
| 1.177% due 06/20/2042 ~(a) | 711 | 39 |
| 1.227% due 06/20/2042 ~(a) | 671 | 30 |
| 1.692% due 05/20/2049 •(a) | 3859 | 322 |
| 1.702% due 09/20/2043 •(a) | 699 | 15 |
| 1.702% due 01/20/2044 •  | 967 | 490 |
| 1.903% due 12/20/2040 •  | 772 | 744 |
| 2.000% due 01/20/2051 (a) | 18737 | 2144 |
| 2.026% due 11/20/2046 •  | 25 | 23 |
| 2.201% due 06/16/2039 •(a) | 579 | 35 |
| 2.202% due 04/20/2046 - 09/20/2049 •(a) | 33350 | 3931 |
| 2.251% due 11/16/2034 •(a) | 192 | 1 |
| 2.252% due 01/20/2035 - 12/20/2048 •(a) | 5290 | 435 |
| 2.272% due 12/20/2035 •(a) | 7481 | 208 |
| 2.351% due 03/16/2035 •(a) | 676 | 2 |
| 2.352% due 09/20/2048 •(a) | 1168 | 181 |
| 2.402% due 04/20/2048 •  | 4368 | 4271 |
| 2.500% due 09/20/2050 (a) | 3074 | 88 |
| 2.601% due 02/16/2040 •(a) | 1148 | 89 |
| 2.852% due 05/20/2041 •(a) | 589 | 48 |
| 3.000% due 02/20/2043 - 06/20/2046 (a) | 2042 | 113 |
| 3.000% due 08/20/2051 - 11/20/2067 | 11504 | 9079 |
| 3.500% due 11/20/2042 - 09/20/2046 (a) | 5689 | 897 |
| 3.500% due 02/20/2043 - 12/20/2068 | 34718 | 25516 |
| 3.500% due 01/20/2069 ~ | 1081 | 1054 |
| 4.000% due 10/16/2044 (a) | 668 | 77 |
| 4.098% due 03/20/2041 •  | 309 | 304 |
| 4.218% due 09/20/2073 •  | 2771 | 2758 |
| 4.298% due 02/20/2049 •  | 1024 | 1006 |
| 4.414% due 05/20/2068 •  | 223 | 223 |
| 4.418% due 03/20/2073 •  | 32805 | 32497 |
| 4.500% due 12/16/2041 - 05/20/2043 (a) | 728 | 103 |
| 4.514% due 11/20/2070 •  | 4499 | 4461 |
| 4.564% due 11/20/2060 - 11/20/2070 •  | 12505 | 12455 |
| 4.568% due 02/20/2074 - 05/20/2074 •  | 3260 | 3261 |
| 4.608% due 02/20/2053 •  | 56461 | 56242 |
| 4.614% due 03/20/2061 - 07/20/2067 •  | 93 | 93 |
| 4.618% due 02/20/2053 - 02/20/2074 •  | 16555 | 16497 |
| 4.629% due 10/20/2062 •  | 25 | 26 |
| 4.634% due 08/20/2062 •  | 75 | 75 |
| 4.654% due 07/20/2063 •  | 65 | 65 |
| 4.668% due 02/20/2053 - 03/20/2071 •  | 31545 | 31451 |
| 4.678% due 11/20/2074 •  | 936 | 939 |
| 4.708% due 02/20/2073 - 04/20/2074 •  | 23615 | 23667 |
| 4.712% due 10/20/2067 •  | 453 | 456 |
| 4.714% due 08/20/2065 - 01/20/2073 •  | 26153 | 26141 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.718% due 09/20/2055 - 04/20/2073 •  | 61024 | 61179 |
| 4.738% due 12/20/2071 •  | 2265 | 2271 |
| 4.768% due 05/20/2074 - 07/20/2074 •  | 22833 | 23004 |
| 4.774% due 12/20/2065 •  | 151 | 151 |
| 4.778% due 03/20/2073 •  | 32421 | 32661 |
| 4.788% due 01/20/2073 •  | 1535 | 1547 |
| 4.798% due 02/20/2073 - 03/20/2073 •  | 20321 | 20448 |
| 4.814% due 04/20/2062 •  | 493 | 495 |
| 4.818% due 01/20/2073 - 07/20/2074 •  | 286623 | 289423 |
| 4.827% due 08/20/2067 •  | 117 | 117 |
| 4.836% due 04/20/2054 •  | 110500 | 110521 |
| 4.848% due 01/20/2074 - 08/20/2074 •  | 35008 | 35431 |
| 4.864% due 11/20/2065 - 02/20/2067 •  | 2901 | 2912 |
| 4.868% due 11/20/2055 - 10/20/2073 •  | 53120 | 53727 |
| 4.878% due 08/20/2073 •  | 13765 | 13931 |
| 4.888% due 08/20/2073 •  | 22985 | 23251 |
| 4.898% due 09/20/2073 •  | 10142 | 10262 |
| 4.914% due 07/20/2066 - 03/20/2068 •  | 300 | 300 |
| 4.918% due 08/20/2054 - 12/20/2073 •  | 139409 | 140453 |
| 4.927% due 08/20/2068 •  | 3169 | 3191 |
| 4.944% due 02/20/2068 •  | 576 | 577 |
| 5.000% due 05/16/2043 (a) | 421 | 56 |
| 5.014% due 09/20/2069 •  | 480 | 484 |
| 5.018% due 03/20/2073 - 06/20/2073 •  | 176000 | 178729 |
| 5.038% due 08/20/2073 •  | 7135 | 7245 |
| 5.068% due 05/20/2073 •  | 4226 | 4292 |
| 5.161% due 07/20/2066 •  | 81 | 81 |
| 5.164% due 03/20/2069 •  | 248 | 249 |
| 5.264% due 05/20/2070 •  | 438 | 446 |
| 5.298% due 02/20/2069 •  | 883 | 889 |
| 5.418% due 03/20/2071 - 08/20/2071 •  | 13053 | 13367 |
| 5.585% due 10/20/2045 •  | 342 | 364 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.000% due 01/01/2056 - 02/01/2056 | 67100 | 55584 |
| 2.500% due 02/01/2056 | 66200 | 57100 |
| 3.000% due 01/01/2056 - 02/01/2056 | 473665 | 425454 |
| 3.500% due 02/01/2056 | 826846 | 752494 |
| 4.000% due 01/01/2056 - 02/01/2056 | 693400 | 654936 |
| 4.500% due 02/01/2056 | 753816 | 733822 |
| 5.000% due 02/01/2056 | 438500 | 437018 |
| 5.500% due 02/01/2056 | 57000 | 57517 |
| 6.000% due 01/01/2056 - 02/01/2056 | 58500 | 59594 |
| 6.500% due 01/01/2056 - 02/01/2056 | 407555 | 420911 |
| **Seasoned Loans Structured Transaction Trust**<br>4.844% due 05/25/2034 •  | 39229 | 39293 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.500% due 01/01/2041 | 15100 | 14681 |
| 4.000% due 01/01/2041 | 71600 | 70674 |
| 4.500% due 01/01/2041 - 02/01/2056 | 616450 | 602232 |
| 5.000% due 02/01/2041 - 03/01/2056 | 2669777 | 2661287 |
| 6.000% due 02/01/2056 - 03/01/2056 | 1738436 | 1784240 |
| 6.500% due 02/01/2056 - 03/01/2056 | 308138 | 320403 |
| 7.000% due 01/01/2056 - 02/01/2056 | 405600 | 426936 |
| Total U.S. Government Agencies (Cost $19,812,523) |  | 19658444 |
| **U.S. TREASURY OBLIGATIONS 0.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 | 7037 | 7108 |
| **U.S. Treasury Notes**  |  |  |
| 2.250% due 08/15/2027 (i)(k) | 21700 | 21281 |
| 4.250% due 08/15/2035 (i)(k) | 11170 | 11252 |
| Total U.S. Treasury Obligations (Cost $40,755) |  | 39641 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 27.7%**  |  |  |
| **ACRA Trust** <br>5.608% due 10/25/2064 þ | 3497 | 3515 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.796% due 09/25/2035 •  | 1765 | 1682 |
| 4.996% due 02/25/2035 •  | 6060 | 5861 |
| **AG Trust** <br>5.766% due 08/15/2041 •  | 1521 | 1531 |
| **American Home Mortgage Assets Trust**  |  |  |
| 3.243% due 01/25/2036 ~  | 840 | 524 |
| 4.306% due 06/25/2037 •  | 4210 | 4096 |
| 4.426% due 08/25/2037 •  | 5051 | 4631 |
| 4.999% due 10/25/2046 •  | 6428 | 5292 |
| **American Home Mortgage Investment Trust**  |  |  |
| 4.246% due 03/25/2046 •  | 3413 | 3098 |
| 4.924% due 06/25/2045 •  | 5304 | 5047 |
| **Angel Oak Mortgage Trust**  |  |  |
| 3.290% due 11/25/2066 ~  | 15681 | 11926 |
| 4.800% due 11/25/2067 þ  | 6865 | 6851 |
| 5.338% due 05/27/2069 þ  | 2766 | 2780 |
| 5.985% due 01/25/2069 þ  | 707 | 714 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.197% due 01/25/2069 þ  | 6590 | 6673 |
| 6.500% due 12/25/2067 þ  | 2653 | 2675 |
| **Anthracite Investments Cayman Ltd.** <br>5.678% due 06/20/2041 | 5912 | 0 |
| **Ashford Hospitality Trust**  |  |  |
| 5.173% due 04/15/2035 •  | 8335 | 8361 |
| 5.323% due 04/15/2035 •  | 15035 | 15054 |
| 6.023% due 04/15/2035 •  | 13939 | 13872 |
| **ATLX Trust**  |  |  |
| 3.850% due 04/25/2063 þ  | 3975 | 3887 |
| 3.850% due 04/25/2064 þ  | 177 | 173 |
| **Atrium Hotel Portfolio Trust** <br>5.698% due 12/15/2036 •  | 8800 | 8565 |
| **Avon Finance** <br>4.642% due 12/28/2049 •  | 13173 | 17780 |
| **BAMLL Commercial Mortgage Pass-Through Certificates**  |  |  |
| 3.110% due 04/25/2050 «  | $28409 | 27776 |
| 3.110% due 08/25/2052 «  | 10000 | 8982 |
| **BAMLL Commercial Mortgage Securities Trust**  |  |  |
| 5.865% due 09/15/2038 •  | 4000 | 3796 |
| 6.615% due 09/15/2038 •  | 5000 | 4649 |
| **Banc of America Alternative Loan Trust**  |  |  |
| 2.794% due 06/25/2037 •(a)  | 244 | 30 |
| 4.206% due 06/25/2037 •  | 227 | 166 |
| 6.000% due 06/25/2046  | 1070 | 844 |
| **Banc of America Commercial Mortgage Trust** <br>5.754% due 07/10/2046 ~ | 271 | 269 |
| **Banc of America Funding Trust**  |  |  |
| 0.796% due 01/27/2035 •  | 3179 | 751 |
| 4.052% due 05/26/2037 •  | 22916 | 20535 |
| 4.627% due 02/20/2036 ~  | 478 | 431 |
| 4.787% due 01/20/2047 ~  | 100 | 86 |
| 6.000% due 09/25/2036  | 11 | 11 |
| **Banc of America Mortgage Trust**  |  |  |
| 4.951% due 11/20/2046 ~  | 42 | 37 |
| 5.876% due 04/25/2035 ~  | 862 | 853 |
| 6.036% due 06/25/2034 ~  | 22 | 22 |
| 6.449% due 05/25/2034 ~  | 12 | 11 |
| **Bayview MSR Opportunity Master Fund Trust** <br>3.000% due 12/25/2051 ~ | 3652 | 3193 |
| **Bayview Opportunity Master Fund VI Trust** <br>4.774% due 10/25/2051 •  | 1055 | 982 |
| **BBCMS Trust**  |  |  |
| 5.239% due 07/15/2037 •  | 3300 | 3160 |
| 5.939% due 07/15/2037 •  | 7000 | 6563 |
| 6.439% due 07/15/2037 •  | 9060 | 8008 |
| **BCAP LLC Trust**  |  |  |
| 3.122% due 01/26/2037 ~  | 1883 | 1710 |
| 4.627% due 02/26/2036 ~  | 2441 | 2253 |
| 5.500% due 04/25/2037  | 966 | 381 |
| **BCP Trust**  |  |  |
| 5.461% due 06/15/2038 •  | 5000 | 1577 |
| 6.357% due 06/15/2038 •  | 12750 | 1479 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.084% due 08/25/2036 ~  | 4654 | 3073 |
| 4.166% due 02/25/2034 •  | 13 | 12 |
| 4.166% due 08/25/2036 •  | 3774 | 3292 |
| 4.346% due 01/25/2036 •  | 462 | 443 |
| 4.668% due 11/25/2035 ~  | 466 | 354 |
| 4.791% due 09/25/2035 ~  | 1023 | 546 |
| 5.449% due 04/25/2035 ~  | 9 | 9 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.095% due 10/25/2036 ~  | 113 | 95 |
| 4.783% due 03/25/2035 ~  | 109 | 100 |
| 4.829% due 07/25/2034 ~  | 27 | 26 |
| 5.702% due 05/25/2037 ~  | 1729 | 1520 |
| 6.273% due 12/25/2046 •  | 246 | 210 |
| 6.298% due 12/25/2046 •  | 1424 | 1279 |
| **Bear Stearns Commercial Mortgage Securities Trust** <br>5.657% due 10/12/2041 ~ | 54 | 53 |
| **Bear Stearns Mortgage Funding Trust** <br>4.306% due 09/25/2046 •  | 74 | 71 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 1164 | 822 |
| **Beast Mortgage Trust**  |  |  |
| 5.315% due 03/15/2036 •  | 3000 | 1885 |
| 5.815% due 03/15/2036 •  | 5590 | 2227 |
| 6.365% due 03/15/2036 •  | 32020 | 9526 |
| **BINOM Securitization Trust** <br>4.441% due 08/25/2057 ~ | 20480 | 20096 |
| **BWAY Mortgage Trust**  |  |  |
| 6.065% due 09/15/2036 •  | 6000 | 5441 |
| 6.715% due 09/15/2036 •  | 7000 | 6126 |
| **BX Commercial Mortgage Trust**  |  |  |
| 4.785% due 12/15/2038 •  | 12948 | 12953 |
| 5.064% due 04/15/2034 •  | 2900 | 2824 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.514% due 04/15/2034 •  | 11733 | 11350 |
| **BX Trust**  |  |  |
| 4.370% due 10/15/2036 •  | 5000 | 4990 |
| 5.056% due 10/15/2026 •  | 1074 | 1073 |
| 5.695% due 10/15/2026 •  | 2865 | 2862 |
| **Cascade Funding Mortgage Trust**  |  |  |
| 3.000% due 03/25/2035 ~  | 8835 | 8686 |
| 4.000% due 10/25/2054 ~  | 12718 | 12485 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2064 ~  | 12265 | 11002 |
| 3.250% due 08/25/2064 ~  | 9097 | 8130 |
| 3.250% due 09/25/2064 ~  | 11507 | 10300 |
| 3.375% due 12/25/2064 ~  | 7477 | 6705 |
| 3.375% due 04/25/2065 ~  | 8459 | 7662 |
| 5.124% due 05/25/2055 •  | 5696 | 5712 |
| 5.124% due 09/25/2055 •  | 9520 | 9509 |
| 5.174% due 06/25/2055 •  | 16693 | 16753 |
| 5.374% due 04/25/2056 •  | 30953 | 31210 |
| **Chase Mortgage Finance Trust** <br>6.868% due 02/25/2037 ~ | 3 | 3 |
| **ChaseFlex Trust**  |  |  |
| 4.196% due 02/25/2037 •  | 4697 | 1080 |
| 4.446% due 05/25/2037 •  | 8700 | 7908 |
| 4.526% due 05/25/2037 •  | 700 | 673 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates** <br>4.146% due 08/25/2037 •  | 1820 | 1635 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.166% due 03/25/2037 ~  | 235 | 202 |
| 4.284% due 02/25/2047 ~  | 359 | 329 |
| 4.340% due 11/25/2037 ~  | 802 | 754 |
| 4.453% due 01/25/2036 ~  | 33 | 30 |
| 4.500% due 05/01/2034  | 151 | 147 |
| 4.506% due 02/25/2035 •  | 251 | 240 |
| 4.860% due 01/25/2036 ~  | 813 | 774 |
| 5.500% due 01/25/2035  | 136 | 139 |
| 5.750% due 05/25/2037  | 23 | 9 |
| 5.750% due 06/25/2037  | 4081 | 1827 |
| 5.750% due 07/25/2037  | 1235 | 552 |
| 6.000% due 02/25/2037  | 5449 | 2368 |
| 6.000% due 01/25/2038  | 256 | 105 |
| 6.250% due 09/25/2037  | 57 | 33 |
| 6.500% due 10/25/2037  | 9616 | 2743 |
| 6.500% due 11/25/2037  | 4064 | 1349 |
| **CHL Reperforming Loan Trust REMICS**  |  |  |
| 4.186% due 01/25/2036 •  | 72 | 68 |
| 4.739% due 01/25/2034 ~  | 2280 | 2083 |
| 7.500% due 06/25/2035  | 101 | 105 |
| **CIM Trust**  |  |  |
| 0.500% due 07/01/2051 ~(a)  | 78308 | 2417 |
| 3.250% due 10/25/2058 ~  | 2685 | 2479 |
| 4.500% due 01/25/2063 ~  | 11719 | 11428 |
| 4.750% due 06/25/2064 ~  | 6265 | 6239 |
| 5.000% due 05/25/2062 ~  | 2121 | 2122 |
| 5.000% due 02/25/2099 þ  | 2309 | 2303 |
| 6.639% due 12/25/2067 þ  | 2744 | 2757 |
| **Citigroup Commercial Mortgage Trust** <br>4.242% due 11/10/2051 | 14775 | 14764 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 0.000% due 10/25/2054 ~  | 76424 | 80838 |
| 0.000% due 09/25/2064 ~  | 83216 | 70978 |
| 0.000% due 02/25/2065 ~  | 119936 | 105925 |
| 0.250% due 09/25/2051 ~(a)  | 47068 | 701 |
| 4.173% due 06/27/2037 ~  | 5755 | 5193 |
| 4.662% due 02/20/2036 ~  | 2248 | 2073 |
| 4.829% due 08/25/2035 ~  | 247 | 229 |
| 5.224% due 07/25/2054 •  | 7829 | 7872 |
| 5.374% due 06/25/2055 •  | 17252 | 17361 |
| 6.000% due 08/25/2037 ~  | 1704 | 585 |
| 6.050% due 03/25/2036 •  | 9 | 9 |
| 6.490% due 05/25/2035 •  | 1 | 1 |
| **CLNY Trust** <br>5.627% due 11/15/2038 •  | 5000 | 4879 |
| **COLT Mortgage Loan Trust** <br>6.393% due 06/25/2069 þ | 5405 | 5481 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 1.754% due 06/25/2036 •(a)  | 1335 | 157 |
| 3.104% due 10/25/2037 •(a)  | 5731 | 743 |
| 4.086% due 06/25/2036 •  | 1372 | 1325 |
| 4.126% due 04/25/2047 •  | 223 | 204 |
| 4.206% due 11/25/2036 •  | 777 | 1082 |
| 4.226% due 09/25/2046 •  | 1387 | 1371 |
| 4.246% due 06/25/2036 •  | 1349 | 539 |
| 4.406% due 08/25/2047 •  | 2532 | 2163 |
| 4.488% due 11/20/2035 •  | 122 | 117 |
| 4.488% due 12/20/2035 •  | 1682 | 1606 |
| 4.546% due 05/25/2036 •  | 165 | 67 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.654% due 03/25/2047 •  | 45 | 36 |
| 5.335% due 05/25/2036 ~  | 885 | 851 |
| 5.429% due 08/25/2035 •  | 2266 | 2186 |
| 5.500% due 07/25/2035  | 3885 | 2777 |
| 5.529% due 09/25/2035 •  | 445 | 411 |
| 5.750% due 03/25/2034  | 2411 | 2467 |
| 6.000% due 10/25/2034  | 6991 | 7119 |
| 6.000% due 12/25/2034  | 2470 | 2155 |
| 6.000% due 07/25/2036  | 15706 | 6020 |
| 6.000% due 08/25/2036  | 1007 | 966 |
| 6.000% due 08/25/2036 •  | 813 | 780 |
| 6.000% due 02/25/2037  | 3868 | 1440 |
| 6.000% due 04/25/2037  | 12183 | 5388 |
| 6.000% due 07/25/2037  | 12165 | 6241 |
| 6.079% due 10/20/2035 •  | 890 | 641 |
| 6.500% due 12/25/2036  | 8003 | 3322 |
| **Countrywide Alternative Loan Trust Resecuritization** <br>6.000% due 05/25/2036 | 35 | 19 |
| **Cross Mortgage Trust**  |  |  |
| 5.129% due 09/25/2069 ~  | 3246 | 3253 |
| 5.549% due 12/25/2069 ~  | 4605 | 4642 |
| 6.093% due 04/25/2069 þ  | 5075 | 5127 |
| 6.147% due 07/25/2069 þ  | 4592 | 4648 |
| 6.272% due 06/25/2069 þ  | 6993 | 7078 |
| 6.615% due 03/25/2068 þ  | 3553 | 3571 |
| **CRSNT Trust**  |  |  |
| 5.074% due 04/15/2036 •  | 24753 | 24486 |
| 5.424% due 04/15/2036 •  | 10913 | 10772 |
| 5.874% due 04/15/2036 •  | 17000 | 16762 |
| **CSAB Mortgage-Backed Trust** <br>6.500% due 11/25/2036 þ | 57 | 7 |
| **CSMC Trust**  |  |  |
| 0.938% due 05/25/2066 ~  | 932 | 797 |
| 2.000% due 01/25/2060  | 14722 | 13103 |
| 2.000% due 01/25/2060 ~  | 1169 | 1045 |
| 2.000% due 10/25/2060 ~  | 472 | 432 |
| 2.500% due 07/25/2056 ~  | 1758 | 1475 |
| 2.974% due 07/25/2057 ~  | 6580 | 6223 |
| 3.000% due 11/25/2056 ~  | 5508 | 4827 |
| 3.375% due 01/25/2060  | 1000 | 829 |
| 3.874% due 02/25/2061 ~  | 652 | 650 |
| 3.904% due 04/25/2062 ~  | 2698 | 2601 |
| 4.129% due 10/26/2036 ~  | 418 | 380 |
| 4.150% due 12/27/2060 ~  | 18562 | 18504 |
| 4.215% due 07/27/2061 ~  | 19628 | 19562 |
| 4.699% due 05/27/2053 ~  | 1960 | 1790 |
| 4.727% due 01/26/2047 ~  | 2505 | 1245 |
| 5.549% due 01/15/2049 ~  | 2500 | 131 |
| 5.665% due 07/15/2038 •  | 4000 | 3087 |
| 6.165% due 07/15/2038 •  | 5000 | 2407 |
| 6.250% due 05/26/2048  | 5758 | 4869 |
| 6.765% due 07/15/2038 •  | 10000 | 3314 |
| 6.778% due 06/01/2050 ~  | 1855 | 1850 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 4300 | 4431 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.146% due 03/25/2037 •  | 785 | 753 |
| 4.146% due 09/25/2047 •  | 12978 | 11381 |
| 4.326% due 01/25/2047 •  | 5429 | 4887 |
| **DOLP Trust** <br>3.704% due 05/10/2041 ~ | 46540 | 39210 |
| **DROP Mortgage Trust**  |  |  |
| 5.564% due 10/15/2043 •  | 5500 | 5114 |
| 6.114% due 10/15/2043 •  | 7200 | 6382 |
| **Ellington Financial Mortgage Trust**  |  |  |
| 2.296% due 06/25/2066 ~  | 2200 | 1570 |
| 5.522% due 01/26/2060 þ  | 1314 | 1325 |
| 5.655% due 02/25/2060 þ  | 4529 | 4585 |
| **Eurosail-U.K. PLC** <br>4.671% due 09/13/2045 •  | 604 | 795 |
| **Finance of America HECM Buyout** <br>4.500% due 11/25/2028 ~ | $5053 | 5038 |
| **First Horizon Alternative Mortgage Securities Trust** <br>4.094% due 07/25/2036 ~ | 72 | 64 |
| **First Horizon Mortgage Pass-Through Trust**  |  |  |
| 5.704% due 11/25/2035 ~  | 8 | 6 |
| 5.998% due 08/25/2035 ~  | 59 | 39 |
| **GCAT Trust**  |  |  |
| 2.565% due 05/25/2066  | 9952 | 7520 |
| 4.250% due 05/25/2067 ~  | 3564 | 3410 |
| 5.500% due 08/25/2055 ~  | 45657 | 46036 |
| 6.007% due 01/25/2059 þ  | 2489 | 2511 |
| 6.085% due 06/25/2059 þ  | 3551 | 3590 |
| 6.500% due 01/25/2054 ~  | 5508 | 5666 |
| **Global Mortgage Securitization Ltd.** <br>4.116% due 04/25/2032 •  | 333 | 324 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GMACM Mortgage Loan Trust** <br>0.000% due 05/25/2035 ~ | 7 | 7 |
| **GreenPoint Mortgage Funding Trust** <br>4.306% due 02/25/2037 •  | 6796 | 6658 |
| **Grifonas Finance No. 1 PLC** <br>2.344% due 08/28/2039 •  | 4483 | 5178 |
| **GS Mortgage Securities Corp. Trust**  |  |  |
| 5.248% due 07/15/2031 •  | $11605 | 3656 |
| 5.498% due 07/15/2031 •  | 3293 | 692 |
| 5.670% due 12/15/2036 •  | 3413 | 3374 |
| **GS Mortgage-Backed Securities Corp. Trust**  |  |  |
| 0.250% due 05/25/2051 ~(a)  | 15074 | 202 |
| 2.000% due 12/25/2060 ~  | 2770 | 2387 |
| 2.300% due 07/25/2061 ~  | 17128 | 14032 |
| 3.207% due 07/25/2061 ~  | 5664 | 4542 |
| 4.211% due 07/25/2061 ~  | 2039 | 1677 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 0.000% due 01/25/2064 (b)  | 48 | 47 |
| 0.000% due 07/25/2064 (b)  | 157 | 154 |
| 0.000% due 08/25/2065 (b)  | 536 | 518 |
| 0.000% due 08/25/2071 ~  | 871 | 726 |
| 0.500% due 01/25/2053 ~(a)  | 33082 | 1081 |
| 3.011% due 01/25/2064 ~  | 97771 | 83116 |
| 3.161% due 07/25/2064 ~  | 102448 | 88893 |
| 3.177% due 08/25/2071 ~  | 87695 | 82993 |
| 3.298% due 08/25/2065 ~  | 128306 | 116227 |
| 3.625% due 01/25/2059 ~  | 18306 | 18019 |
| 3.702% due 07/25/2064 ~  | 101546 | 91873 |
| 3.750% due 10/25/2057  | 944 | 932 |
| 3.900% due 09/25/2061 þ  | 6586 | 6499 |
| 4.100% due 07/25/2065 þ  | 10492 | 10272 |
| 5.215% due 11/25/2054 •  | 3891 | 3902 |
| 5.658% due 04/25/2065 ~  | 85715 | 88145 |
| **GSMPS Mortgage Loan Trust**  |  |  |
| 4.190% due 03/25/2035 ~  | 2134 | 2077 |
| 4.196% due 01/25/2036 •  | 410 | 332 |
| 4.246% due 04/25/2036 •  | 3908 | 3390 |
| 4.310% due 01/25/2036 ~  | 1770 | 1587 |
| **GSMSC Resecuritization Trust** <br>3.976% due 06/26/2037 ~ | 3133 | 2828 |
| **GSR Mortgage Loan Trust** <br>6.250% due 08/25/2036 | 668 | 184 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.226% due 01/19/2038 •  | 10354 | 9276 |
| 4.256% due 12/19/2036 •  | 3719 | 3035 |
| 4.266% due 11/19/2036 •  | 1580 | 1500 |
| 4.466% due 08/19/2045 •  | 17 | 16 |
| 5.831% due 04/19/2034 ~  | 53 | 50 |
| 5.929% due 09/19/2035 •  | 1967 | 1476 |
| 6.029% due 10/19/2035 •  | 16791 | 7853 |
| **Hilton USA Trust** <br>2.828% due 11/05/2035 | 1000 | 867 |
| **Homestar Mortgage Acceptance Corp.** <br>4.641% due 03/25/2034 •  | 834 | 855 |
| **HSI Asset Loan Obligation Trust**  |  |  |
| 2.784% due 12/25/2036 •(a)  | 726 | 70 |
| 4.216% due 12/25/2036 •  | 742 | 138 |
| **Hundred Acre Wood Trust** <br>4.972% due 12/25/2051 •  | 6392 | 5971 |
| **Impac Secured Assets Trust**  |  |  |
| 4.406% due 08/25/2036 •  | 1139 | 1029 |
| 4.546% due 05/25/2036 •  | 7 | 7 |
| **IMS Ecuadorian Mortgage Trust** <br>3.400% due 08/18/2043 | 1010 | 992 |
| **IndyMac IMSC Mortgage Loan Trust** <br>3.792% due 06/25/2037 ~ | 9841 | 5856 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.640% due 09/25/2036 ~  | 110 | 85 |
| 4.026% due 09/25/2036 ~  | 1711 | 1463 |
| 4.206% due 02/25/2037 •  | 1698 | 1548 |
| 4.246% due 10/25/2036 •  | 5 | 5 |
| 4.306% due 08/25/2035 ~  | 27 | 24 |
| 4.626% due 12/25/2034 •  | 181 | 140 |
| **Jefferies Resecuritization Trust** <br>8.472% due 06/25/2047 ~ | 420 | 353 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.166% due 11/25/2036 •  | 2303 | 1996 |
| 4.406% due 04/25/2047 •  | 659 | 636 |
| 6.000% due 12/27/2036  | 2480 | 1178 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 2.854% due 09/06/2038 ~  | 10000 | 9891 |
| 4.875% due 06/15/2038 •  | 1520 | 1480 |
| 5.348% due 02/15/2035 •  | 1021 | 996 |
| 5.615% due 03/15/2036 •  | 1900 | 1550 |
| 6.165% due 03/15/2036 •  | 29900 | 20965 |
| 6.965% due 03/15/2036 •  | 4000 | 2045 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **JP Morgan Mortgage Trust**  |  |  |
| 0.000% due 02/25/2055 ~  | 82370 | 89898 |
| 0.150% due 03/25/2052 ~(a)  | 27432 | 246 |
| 0.188% due 11/25/2051 ~(a)  | 40300 | 441 |
| 0.450% due 07/25/2052 ~(a)  | 60548 | 1517 |
| 0.485% due 02/25/2052 ~(a)  | 43719 | 1255 |
| 0.500% due 12/25/2051 ~(a)  | 61387 | 1828 |
| 0.500% due 04/25/2052 ~(a)  | 8496 | 156 |
| 0.500% due 05/25/2052 ~(a)  | 70999 | 2140 |
| 0.500% due 06/25/2052 ~(a)  | 35914 | 1082 |
| 2.500% due 12/25/2051 ~(a)  | 9135 | 1247 |
| 2.500% due 04/25/2052 ~(a)  | 7032 | 968 |
| 3.500% due 09/25/2052 ~  | 9929 | 9121 |
| 4.397% due 01/25/2037 ~  | 1469 | 1180 |
| 4.467% due 06/25/2036 ~  | 2569 | 1722 |
| 4.625% due 07/25/2063 ~  | 3739 | 3699 |
| 5.000% due 12/25/2051 ~  | 2469 | 2431 |
| 5.000% due 05/25/2052 •  | 19629 | 18348 |
| 5.124% due 11/25/2054 •  | 37169 | 37130 |
| 5.124% due 12/25/2054 •  | 47421 | 47360 |
| 5.124% due 03/25/2055 •  | 11033 | 11018 |
| 5.174% due 03/25/2056 •  | 38162 | 38197 |
| 5.190% due 11/25/2035 ~  | 1957 | 1584 |
| 5.224% due 02/25/2055 •  | 7523 | 7542 |
| 5.250% due 11/25/2063 ~  | 1109 | 1114 |
| 5.561% due 09/25/2055 þ  | 9200 | 9243 |
| 5.569% due 04/25/2035 ~  | 8 | 8 |
| 6.186% due 07/25/2035 ~  | 1 | 1 |
| 6.230% due 07/25/2035 ~  | 2 | 2 |
| 7.000% due 08/25/2037  | 957 | 454 |
| 7.355% due 12/25/2055 ~  | 94296 | 96253 |
| **JP Morgan Resecuritization Trust**  |  |  |
| 6.000% due 08/26/2036 ~  | 1718 | 1635 |
| 6.000% due 09/26/2036 ~  | 2887 | 2313 |
| **JP Morgan Seasoned Mortgage Trust**  |  |  |
| 3.688% due 01/25/2063 ~  | 11233 | 10591 |
| 4.377% due 01/25/2063 ~  | 2691 | 2592 |
| **KREST Commercial Mortgage Securities Trust** <br>2.927% due 11/05/2044 ~ | 17515 | 11806 |
| **La Hipotecaria El Salvadorian Mortgage Trust**  |  |  |
| 3.358% due 01/15/2046 «  | 3872 | 3582 |
| 4.250% due 09/29/2046 «  | 21339 | 19550 |
| **La Hipotecaria Panamanian Mortgage Trust** <br>3.508% due 11/24/2042 «•  | 6921 | 6668 |
| **Legacy Mortgage Asset Trust**  |  |  |
| 5.650% due 11/25/2060 þ  | 4520 | 4526 |
| 5.750% due 07/25/2061 þ  | 6286 | 6291 |
| 5.892% due 10/25/2066 þ  | 4314 | 4318 |
| 6.250% due 07/25/2067 þ  | 9043 | 9057 |
| **Lehman Mortgage Trust**  |  |  |
| 2.704% due 11/25/2036 •(a)  | 16528 | 1979 |
| 4.166% due 08/25/2036 •  | 68 | 43 |
| 4.296% due 11/25/2036 •  | 25607 | 5585 |
| 5.750% due 02/25/2037  | 3634 | 2364 |
| **Lehman XS Trust**  |  |  |
| 4.086% due 08/25/2036 •  | 62 | 73 |
| 4.206% due 12/25/2036 •  | 4781 | 4802 |
| 4.346% due 08/25/2037 •  | 1187 | 1176 |
| 4.746% due 08/25/2047 •  | 1586 | 1458 |
| **Luminent Mortgage Trust** <br>4.306% due 05/25/2037 •  | 20 | 18 |
| **LUX** <br>6.441% due 08/15/2040 •  | 8300 | 8398 |
| **MASTR Asset Securitization Trust** <br>6.250% due 01/25/2038 | 417 | 210 |
| **MASTR Reperforming Loan Trust**  |  |  |
| 6.000% due 08/25/2034  | 722 | 434 |
| 7.000% due 07/25/2035  | 1915 | 1202 |
| **Merrill Lynch Alternative Note Asset Trust** <br>3.336% due 10/25/2047 ~ | 4443 | 1100 |
| **Merrill Lynch Mortgage Investors Trust** <br>5.623% due 02/25/2036 ~ | 261 | 170 |
| **MF1 Trust** <br>4.820% due 12/15/2034 •  | 5270 | 5269 |
| **MFA Trust**  |  |  |
| 2.306% due 04/25/2065 ~  | 8966 | 7756 |
| 2.500% due 10/25/2051 ~(a)  | 27127 | 4192 |
| 2.855% due 07/25/2060 ~  | 1372 | 1156 |
| 4.250% due 02/25/2066 ~  | 847 | 815 |
| 6.105% due 12/25/2068 þ  | 3313 | 3342 |
| 6.775% due 10/25/2058 þ  | 3955 | 3997 |
| **Mill City Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 1068 | 1051 |
| 2.750% due 08/25/2059 ~  | 2920 | 2853 |
| 3.000% due 08/25/2059 ~  | 5000 | 4691 |
| 3.500% due 04/25/2066 ~  | 6489 | 6401 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Morgan Stanley Capital I Trust**  |  |  |
| 2.428% due 04/05/2042 ~  | 10000 | 8879 |
| 4.865% due 05/15/2036 •  | 2671 | 381 |
| 5.298% due 11/15/2034 •  | 2500 | 2459 |
| 5.448% due 11/15/2034 •  | 4000 | 3896 |
| 5.663% due 12/15/2038 •  | 8896 | 8167 |
| 6.242% due 12/15/2038 •  | 24544 | 21940 |
| 6.941% due 12/15/2038 •  | 8200 | 7253 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.274% due 09/25/2035 ~  | 38 | 24 |
| 4.746% due 02/25/2036 •  | 96 | 91 |
| 5.003% due 12/25/2035 ~  | 1507 | 1403 |
| 5.500% due 10/25/2037  | 267 | 262 |
| 6.201% due 02/25/2047 þ  | 1952 | 656 |
| **Morgan Stanley Re-REMICS Trust** <br>3.531% due 02/26/2037 •  | 8172 | 7789 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 4.000% due 06/25/2064 þ  | 3598 | 3529 |
| 5.044% due 07/25/2069 ~  | 9777 | 9778 |
| **Mortgage Equity Conversion Asset Trust** <br>4.020% due 05/25/2042 •  | 2565 | 2382 |
| **MortgageIT Securities Corp. Mortgage Loan Trust** <br>4.306% due 06/25/2047 •  | 1752 | 1544 |
| **MortgageIT Trust** <br>4.626% due 11/25/2034 •  | 75 | 73 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.000% due 09/25/2051 ~(a)  | 9741 | 1059 |
| 2.201% due 10/25/2058 ~  | 10000 | 9283 |
| 2.750% due 07/25/2059 ~  | 17533 | 17019 |
| 2.750% due 11/25/2059 ~  | 117 | 113 |
| 3.000% due 07/25/2059 ~  | 1837 | 1714 |
| 3.008% due 10/25/2058 ~  | 5500 | 5046 |
| 3.500% due 12/25/2058 ~  | 538 | 507 |
| 3.500% due 10/25/2059 ~  | 1602 | 1515 |
| 3.963% due 10/25/2058 ~  | 2500 | 2318 |
| 5.000% due 09/25/2051 •  | 12794 | 11997 |
| **New York Mortgage Trust** <br>4.506% due 08/25/2035 •  | 1017 | 950 |
| **NLT Trust** <br>3.200% due 10/25/2062 ~ | 2910 | 2687 |
| **NYMT Loan Trust**  |  |  |
| 3.215% due 07/25/2061  | 800 | 701 |
| 3.750% due 02/25/2068 ~  | 1639 | 1533 |
| 3.750% due 11/25/2069 ~  | 7907 | 7644 |
| 5.379% due 06/25/2069 ~  | 4298 | 4327 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 4398 | 3849 |
| 3.637% due 03/25/2053 ~  | 8989 | 8972 |
| 3.695% due 04/25/2053 ~  | 13428 | 13326 |
| 4.940% due 09/25/2062 þ  | 15622 | 15610 |
| 5.110% due 08/25/2062 þ  | 5016 | 5015 |
| 5.610% due 11/25/2064 ~  | 4211 | 4253 |
| 6.030% due 01/25/2064 þ  | 6179 | 6265 |
| 6.233% due 05/25/2064 þ  | 4446 | 4502 |
| 6.465% due 10/25/2063 þ  | 5878 | 5937 |
| 6.520% due 07/25/2063 þ  | 8874 | 8922 |
| 6.567% due 06/25/2063 þ  | 4726 | 4754 |
| 6.844% due 04/25/2063 þ  | 2782 | 2809 |
| 7.045% due 09/25/2063 þ  | 5074 | 5129 |
| 7.159% due 10/25/2063 þ  | 7793 | 7895 |
| **Oceanview Mortgage Trust** <br>4.815% due 05/25/2055 •  | 14811 | 14851 |
| **One Bryant Park Trust** <br>2.516% due 09/15/2054 | 40000 | 37162 |
| **Preferred Residential Securities PLC** <br>4.900% due 12/15/2043 •  | 4656 | 6158 |
| **PRET LLC** <br>5.249% due 10/25/2055 | $3761 | 3763 |
| **PRET Trust**  |  |  |
| 3.900% due 10/25/2063 ~  | 3500 | 3397 |
| 4.000% due 08/25/2064 þ  | 4175 | 4086 |
| 4.000% due 03/25/2065 þ  | 27013 | 26539 |
| 4.000% due 07/25/2069 þ  | 1831 | 1796 |
| 4.075% due 06/25/2064 ~  | 3399 | 3279 |
| 4.150% due 04/25/2065 þ  | 5587 | 5476 |
| **PRKCM Trust**  |  |  |
| 6.333% due 03/25/2059 þ  | 3461 | 3497 |
| 6.431% due 05/25/2059 þ  | 637 | 645 |
| 6.584% due 09/25/2058 þ  | 5354 | 5387 |
| 7.225% due 11/25/2058 þ  | 3270 | 3311 |
| **PRPM LLC**  |  |  |
| 3.750% due 03/25/2054 þ  | 1576 | 1554 |
| 3.750% due 04/25/2055 þ  | 1878 | 1838 |
| 4.000% due 11/25/2053 þ  | 793 | 787 |
| 4.000% due 01/25/2054 þ  | 729 | 721 |
| 4.000% due 05/25/2054 þ  | 647 | 641 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 07/25/2054 þ  | 677 | 671 |
| 4.000% due 08/25/2054 þ  | 651 | 644 |
| 4.000% due 11/25/2054 þ  | 4983 | 4894 |
| 4.000% due 10/25/2064 þ  | 1967 | 1941 |
| 4.200% due 12/25/2064 þ  | 2024 | 2004 |
| 4.500% due 02/25/2055 þ  | 1690 | 1684 |
| 4.500% due 08/25/2055 þ  | 3768 | 3742 |
| 4.500% due 06/25/2065 «þ  | 24900 | 24538 |
| 4.990% due 12/25/2055 þ  | 8400 | 8399 |
| 5.250% due 07/25/2055 þ  | 2726 | 2752 |
| 5.385% due 10/25/2030 þ  | 1492 | 1495 |
| 5.774% due 08/25/2028 þ  | 7948 | 7967 |
| 5.870% due 11/25/2029 þ  | 4117 | 4122 |
| 5.897% due 12/25/2029 þ  | 6397 | 6408 |
| 6.179% due 06/25/2030 þ  | 4903 | 4916 |
| 6.255% due 05/25/2030 þ  | 1890 | 1895 |
| 6.469% due 05/25/2030 þ  | 2887 | 2894 |
| **PRPM Trust**  |  |  |
| 5.228% due 08/25/2069 þ  | 3600 | 3603 |
| 5.674% due 12/26/2069 þ  | 4573 | 4609 |
| 5.802% due 11/25/2069 þ  | 9555 | 9642 |
| 6.221% due 11/25/2068 þ  | 7075 | 7149 |
| 6.250% due 08/25/2068 þ  | 5327 | 5356 |
| 6.265% due 12/25/2068 þ  | 1602 | 1622 |
| 6.327% due 06/25/2069 þ  | 3873 | 3925 |
| **RALI Trust**  |  |  |
| 2.754% due 06/25/2037 •(a)  | 2103 | 248 |
| 4.146% due 08/25/2035 •  | 98 | 68 |
| 4.196% due 08/25/2035 •  | 454 | 367 |
| 4.226% due 05/25/2037 •  | 2692 | 2567 |
| 4.246% due 06/25/2037 •  | 2103 | 1560 |
| 4.246% due 10/25/2046 •  | 480 | 470 |
| 4.396% due 01/25/2037 •  | 2840 | 2120 |
| 4.646% due 10/25/2045 •  | 82 | 57 |
| 5.007% due 10/25/2037 ~  | 4534 | 3609 |
| 5.389% due 09/25/2045 •  | 1236 | 1075 |
| 5.683% due 12/25/2035 ~  | 3716 | 1380 |
| 6.500% due 02/25/2037  | 2460 | 2088 |
| 6.837% due 05/25/2035 ~  | 51 | 26 |
| 8.000% due 04/25/2036 •  | 107 | 90 |
| **RBSGC Mortgage Loan Trust** <br>4.146% due 01/25/2037 •  | 20235 | 3444 |
| **RBSSP Resecuritization Trust**  |  |  |
| 4.209% due 12/25/2035 ~  | 1765 | 1673 |
| 6.000% due 06/26/2037 ~  | 75 | 69 |
| **RCKT Mortgage Trust**  |  |  |
| 5.158% due 10/25/2044 þ  | 7270 | 7299 |
| 5.472% due 06/25/2055 þ  | 17951 | 18136 |
| 5.553% due 03/25/2055 þ  | 8211 | 8300 |
| 5.582% due 12/25/2044 þ  | 9690 | 9797 |
| 5.653% due 01/25/2045 þ  | 7483 | 7563 |
| 5.846% due 08/25/2044 þ  | 9670 | 9772 |
| **RCO X Mortgage LLC** <br>5.418% due 10/25/2030 þ | 4691 | 4647 |
| **Real Estate Asset Liquidity Trust** <br>3.650% due 08/12/2053 | 3429 | 2509 |
| **Residential Asset Securitization Trust** <br>6.250% due 08/25/2036 | $451 | 316 |
| **RFMSI Trust** <br>6.004% due 04/25/2037 ~ | 76 | 66 |
| **Riverview HECM Pass-Through Certificates Trust** <br>4.116% due 05/25/2047 •  | 717 | 642 |
| **Saluda Grade Alternative Mortgage Trust** <br>5.582% due 08/25/2059 þ | 8013 | 8110 |
| **Santander Mortgage Asset Receivable Trust** <br>5.545% due 01/25/2065 þ | 2599 | 2619 |
| **Seasoned Credit Risk Transfer Trust** <br>5.000% due 11/25/2064 ~ | 385 | 330 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.224% due 07/20/2037 ~  | 48 | 38 |
| 4.228% due 06/20/2036 •  | 33 | 31 |
| 4.507% due 11/25/2063 ~  | 6608 | 6632 |
| 5.061% due 10/25/2055 ~  | 5014 | 5033 |
| **SFO Commercial Mortgage Trust**  |  |  |
| 5.364% due 05/15/2038 •  | 8750 | 8717 |
| 5.664% due 05/15/2038 •  | 15140 | 15068 |
| 6.264% due 05/15/2038 •  | 5500 | 5475 |
| **SMRT Commercial Mortgage Trust** <br>4.751% due 01/15/2039 •  | 30128 | 30136 |
| **Starwood Mortgage Residential Trust**  |  |  |
| 2.175% due 05/25/2065 ~  | 6564 | 6086 |
| 3.386% due 11/25/2066 ~  | 9324 | 6972 |
| **Starwood Mortgage Trust** <br>6.265% due 04/15/2034 •  | 2036 | 2035 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.146% due 02/25/2037 •  | 1795 | 1820 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.206% due 10/25/2035 •  | 2993 | 2866 |
| 4.473% due 08/25/2035 ~  | 191 | 165 |
| 4.737% due 05/25/2035 ~  | 766 | 641 |
| 4.821% due 08/25/2035 •  | 4494 | 4082 |
| 6.146% due 12/25/2037 •  | 1839 | 1592 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.206% due 07/25/2046 •  | 35 | 31 |
| 4.226% due 07/25/2046 •  | 2315 | 1885 |
| 4.286% due 05/25/2036 •  | 285 | 239 |
| **Structured Asset Securities Corp.**  |  |  |
| 0.209% due 11/25/2035 ~(a)  | 4246 | 104 |
| 4.096% due 07/25/2035 •  | 466 | 439 |
| 4.106% due 11/25/2035 •  | 4246 | 3814 |
| 4.819% due 01/25/2036 ~  | 1138 | 1022 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.136% due 10/25/2036 •  | 738 | 622 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>5.508% due 09/25/2033 ~ | 22 | 21 |
| **Thornburg Mortgage Securities Trust** <br>5.463% due 03/25/2037 •  | 2713 | 1927 |
| **Towd Point Mortgage Trust**  |  |  |
| 3.000% due 06/25/2058 ~  | 1909 | 1823 |
| 3.250% due 07/25/2056 ~  | 335 | 333 |
| 3.750% due 10/25/2056 ~  | 6020 | 5852 |
| 3.750% due 05/25/2058 ~  | 11033 | 10890 |
| 4.578% due 10/27/2064 ~  | 20212 | 20289 |
| 4.606% due 10/25/2064 ~  | 40206 | 40376 |
| 4.846% due 05/25/2058 •  | 1606 | 1637 |
| 4.846% due 10/25/2059 •  | 2245 | 2249 |
| 5.033% due 07/25/2065 ~  | 13001 | 13136 |
| 5.725% due 11/25/2064 þ  | 7599 | 7675 |
| **UWM Mortgage Trust**  |  |  |
| 0.500% due 12/25/2051 ~(a)  | 19975 | 605 |
| 2.500% due 11/25/2051 ~(a)  | 5889 | 810 |
| 4.824% due 12/25/2051 •  | 13086 | 12230 |
| 5.000% due 09/25/2051 •  | 7071 | 6580 |
| **Valley Funding PLC**  |  |  |
| 0.000% due 05/16/2066  | 8179 | 9744 |
| 4.857% due 05/16/2066 •  | 43078 | 58057 |
| 5.357% due 05/16/2066 •  | 4995 | 6738 |
| 5.857% due 05/16/2066 •  | 5212 | 7020 |
| 6.857% due 05/16/2066 •  | 2693 | 3629 |
| 7.857% due 05/16/2066 •  | 1737 | 2342 |
| 9.357% due 05/16/2066 •  | 956 | 1294 |
| **VASA Trust**  |  |  |
| 5.115% due 07/15/2039 •  | $14850 | 14440 |
| 5.615% due 07/15/2039 •  | 16314 | 15466 |
| 5.965% due 07/15/2039 •  | 11635 | 10860 |
| **Verus Securitization Trust**  |  |  |
| 4.260% due 02/25/2067 þ  | 4457 | 4296 |
| 5.218% due 09/25/2069 ~  | 7529 | 7543 |
| 5.402% due 05/25/2065 þ  | 7562 | 7621 |
| 5.799% due 07/25/2069 þ  | 7980 | 8053 |
| 5.999% due 02/25/2068 þ  | 2555 | 2551 |
| 6.192% due 06/25/2069 þ  | 6455 | 6537 |
| 6.193% due 03/25/2068 þ  | 3923 | 3923 |
| 6.218% due 06/25/2069 þ  | 5524 | 5599 |
| 6.259% due 12/25/2068 þ  | 2785 | 2813 |
| 6.338% due 04/25/2069 þ  | 4629 | 4685 |
| 6.443% due 08/25/2068 þ  | 3391 | 3409 |
| 6.665% due 09/25/2068 þ  | 10222 | 10313 |
| 6.876% due 11/25/2068 ~  | 2569 | 2607 |
| 7.070% due 10/25/2068 þ  | 8271 | 8382 |
| **Visio Trust** <br>6.598% due 10/25/2058 þ | 3210 | 3226 |
| **WaMu Commercial Mortgage Securities Trust** <br>6.481% due 12/27/2049 ~ | 4930 | 4925 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.664% due 01/25/2037 ~  | 2964 | 2578 |
| 3.898% due 07/25/2037 ~  | 48 | 43 |
| 4.041% due 03/25/2037 ~  | 3064 | 2742 |
| 4.140% due 12/25/2036 ~  | 545 | 491 |
| 4.543% due 12/25/2035 ~  | 129 | 119 |
| 4.586% due 11/25/2034 •  | 331 | 325 |
| 4.626% due 10/25/2044 •  | 1331 | 1313 |
| 4.651% due 07/25/2037 ~  | 27 | 24 |
| 4.799% due 04/25/2047 •  | 448 | 396 |
| 4.839% due 07/25/2047 •  | 381 | 327 |
| 4.966% due 01/25/2035 ~  | 2129 | 2073 |
| 5.279% due 01/25/2047 •  | 3710 | 3353 |
| **Warwick Finance Residential Mortgages Number Three PLC**  |  |  |
| 0.000% due 12/21/2049  | 0 | 2076 |
| 4.712% due 12/21/2049 •  | 4772 | 6438 |
| 5.412% due 12/21/2049 •  | 2387 | 3228 |
| 5.912% due 12/21/2049 •  | 1193 | 1604 |
| 6.412% due 12/21/2049 •  | 682 | 915 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.912% due 12/21/2049 •  | 682 | 908 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.911% due 09/25/2036 þ  | $4923 | 1291 |
| 4.346% due 02/25/2036 •  | 170 | 146 |
| 4.729% due 01/25/2047 •  | 1168 | 1025 |
| 5.750% due 11/25/2035  | 533 | 507 |
| 6.500% due 03/25/2036  | 5845 | 4470 |
| **Wells Fargo Alternative Loan Trust** <br>4.386% due 03/25/2037 •  | 251 | 205 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 5.343% due 10/15/2042 •  | 10300 | 10330 |
| 5.393% due 07/15/2037 •  | 9100 | 9126 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 4.346% due 06/25/2037 •  | 26 | 22 |
| 5.851% due 11/25/2037 ~  | 1805 | 1658 |
| **WSTN Trust** <br>6.297% due 07/05/2037 ~ | 16100 | 16402 |
| Total Non-Agency Mortgage-Backed Securities (Cost $3,763,080) |  | 3583957 |
| **ASSET-BACKED SECURITIES 28.6%**  |  |  |
| **AUTOMOBILE ABS OTHER 1.4%**  |  |  |
| **Ally Bank Auto Credit-Linked Notes**  |  |  |
| 4.648% due 06/15/2033  | 11126 | 11189 |
| 5.117% due 09/15/2032  | 1104 | 1115 |
| 5.215% due 09/15/2032  | 639 | 645 |
| 5.410% due 09/15/2032  | 3050 | 3074 |
| 6.315% due 05/17/2032  | 237 | 241 |
| 6.678% due 09/15/2032  | 1627 | 1643 |
| 8.036% due 09/15/2032  | 697 | 709 |
| 11.395% due 09/15/2032  | 3021 | 3106 |
| **CarMax Select Receivables Trust**  |  |  |
| 4.664% due 05/15/2028 •  | 5874 | 5877 |
| 4.714% due 09/15/2027 •  | 274 | 274 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.670% due 12/10/2030  | 19760 | 19851 |
| 4.900% due 12/10/2030  | 8558 | 8629 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.650% due 03/15/2029  | 6500 | 6510 |
| 4.760% due 01/15/2031  | 8700 | 8722 |
| **Drive Auto Receivables Trust**  |  |  |
| 4.520% due 07/16/2029  | 20000 | 20087 |
| 4.670% due 05/17/2032  | 20000 | 20138 |
| **Exeter Automobile Receivables Trust**  |  |  |
| 4.480% due 04/16/2029  | 10000 | 10009 |
| 4.640% due 01/15/2030  | 10000 | 10047 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.890% due 04/16/2029  | 6100 | 6141 |
| 5.080% due 01/16/2029  | 3200 | 3221 |
| 5.210% due 02/18/2031  | 8200 | 8303 |
| 6.440% due 05/15/2029  | 3690 | 3783 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 5.640% due 08/15/2030  | 500 | 512 |
| 5.920% due 08/15/2030  | 500 | 516 |
| **Santander Drive Auto Receivables Trust** <br>4.930% due 09/17/2029 | 9500 | 9575 |
| **SBNA Auto Receivables Trust**  |  |  |
| 5.120% due 03/17/2031  | 813 | 813 |
| 5.140% due 04/15/2031  | 7900 | 7926 |
| 5.340% due 09/15/2031  | 7250 | 7289 |
|  |  | 179945 |
| **AUTOMOBILE SEQUENTIAL 2.0%**  |  |  |
| **Ally Bank Auto Credit-Linked Notes**  |  |  |
| 4.452% due 06/15/2033  | 12455 | 12522 |
| 4.970% due 09/15/2032  | 2092 | 2113 |
| **Arivo Acceptance Auto Loan Receivables Trust** <br>4.920% due 05/15/2029 | 1200 | 1200 |
| **Bridgecrest Lending Auto Securitization Trust** <br>4.720% due 09/15/2028 | 6400 | 6413 |
| **CarMax Select Receivables Trust**  |  |  |
| 4.760% due 05/15/2028  | 7209 | 7225 |
| 5.400% due 11/15/2028  | 1700 | 1716 |
| 5.780% due 09/15/2027  | 496 | 497 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.310% due 09/10/2030  | 2875 | 2896 |
| 4.500% due 06/12/2028  | 3251 | 3254 |
| 4.530% due 01/10/2029  | 13060 | 13087 |
| 4.620% due 02/10/2028  | 1243 | 1244 |
| 4.640% due 01/10/2030  | 7400 | 7448 |
| 4.740% due 12/10/2030  | 3700 | 3764 |
| 4.840% due 12/10/2027  | 497 | 498 |
| 4.850% due 06/12/2028  | 2000 | 2013 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.710% due 07/10/2028  | 3732 | 3745 |
| 5.710% due 07/10/2029  | 4270 | 4374 |
| 5.820% due 08/10/2028  | 2908 | 2928 |
| 5.980% due 12/10/2027  | 577 | 578 |
| 6.160% due 10/10/2028  | 832 | 840 |
| **Chase Auto Owner Trust** <br>5.220% due 07/25/2029 | 13600 | 13763 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.910% due 06/15/2028  | 1794 | 1796 |
| 5.880% due 02/15/2028  | 947 | 948 |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.980% due 08/21/2028  | 3500 | 3551 |
| 5.310% due 04/20/2027  | 1851 | 1858 |
| **Exeter Automobile Receivables Trust**  |  |  |
| 4.780% due 06/15/2027  | 1766 | 1767 |
| 5.280% due 08/15/2030  | 1255 | 1256 |
| **FCCU Auto Receivables Trust**  |  |  |
| 5.460% due 04/15/2030  | 1200 | 1228 |
| 5.540% due 04/16/2029  | 3900 | 3939 |
| 5.760% due 11/15/2027  | 474 | 475 |
| **FHF Issuer Trust**  |  |  |
| 4.920% due 02/15/2031  | 9104 | 9084 |
| 4.940% due 11/15/2030  | 4588 | 4580 |
| 5.690% due 02/15/2030  | 3305 | 3326 |
| 5.890% due 06/15/2030  | 2427 | 2443 |
| 6.790% due 10/15/2029  | 2174 | 2190 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.750% due 07/17/2028  | 3600 | 3610 |
| 4.760% due 10/15/2027  | 1477 | 1478 |
| 5.020% due 04/17/2028  | 1926 | 1929 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 5445 | 5466 |
| 5.240% due 03/15/2030  | 1966 | 1979 |
| 5.590% due 10/15/2029  | 1052 | 1064 |
| **GMF Canada Leasing Trust**  |  |  |
| 4.827% due 08/20/2029  | 5000 | 3671 |
| 4.883% due 12/21/2026  | 138 | 100 |
| **LAD Auto Receivables Trust** <br>5.460% due 07/16/2029 | $1200 | 1219 |
| **Lendbuzz Securitization Trust**  |  |  |
| 4.970% due 10/15/2029  | 3302 | 3303 |
| 5.100% due 10/15/2030  | 2393 | 2394 |
| **Octane Receivables Trust** <br>4.940% due 05/20/2030 | 3351 | 3371 |
| **Oscar U.S. Funding XVII LLC**  |  |  |
| 4.470% due 03/12/2029  | 2200 | 2210 |
| 4.630% due 12/10/2027  | 3591 | 3594 |
| **PenFed Auto Receivables Owner Trust** <br>4.700% due 06/15/2029 | 7200 | 7234 |
| **Research-Driven Pagaya Motor Asset Trust**  |  |  |
| 5.124% due 04/25/2034  | 7800 | 7833 |
| 7.130% due 01/26/2032  | 3585 | 3591 |
| **Research-Driven Pagaya Motor Asset Trust IV** <br>2.650% due 03/25/2030 | 5585 | 5530 |
| **Research-Driven Pagaya Motor Asset Trust V** <br>5.320% due 09/25/2030 | 2655 | 2670 |
| **Research-Driven Pagaya Motor Trust** <br>7.090% due 06/25/2032 | 971 | 976 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.620% due 11/15/2028  | 4745 | 4753 |
| 4.710% due 06/15/2028  | 18618 | 18647 |
| 4.850% due 01/16/2029  | 7643 | 7664 |
| **SBNA Auto Lease Trust** <br>6.520% due 04/20/2028 | 3400 | 3422 |
| **SCCU Auto Receivables Trust**  |  |  |
| 5.110% due 06/15/2029  | 10900 | 10976 |
| 5.160% due 05/15/2030  | 9100 | 9271 |
| 5.450% due 12/15/2027  | 1680 | 1681 |
| 5.700% due 10/16/2028  | 3556 | 3582 |
| 5.700% due 08/15/2029  | 2800 | 2867 |
| **Tricolor Auto Securitization Trust** <br>6.360% due 12/15/2027 | 358 | 345 |
| **Veros Auto Receivables Trust** <br>6.280% due 11/15/2027 | 370 | 371 |
|  |  | 257360 |
| **CMBS OTHER 1.3%**  |  |  |
| **ACRES LLC** <br>5.353% due 08/18/2040 •  | 26900 | 26955 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.215% due 11/15/2036 •  | 1619 | 1630 |
| **AREIT Trust** <br>5.847% due 08/17/2041 •  | 3835 | 3837 |
| **GPMT Ltd.**  |  |  |
| 5.699% due 07/16/2035 •  | 15000 | 15000 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.299% due 07/16/2035 •  | 5000 | 5002 |
| 6.749% due 07/16/2035 •  | 10000 | 10003 |
| **LoanCore Issuer Ltd.** <br>5.493% due 01/17/2037 •  | 1995 | 1997 |
| **MF1 LLC**  |  |  |
| 5.184% due 02/18/2043 •  | 5900 | 5915 |
| 5.468% due 03/19/2039 •  | 9500 | 9528 |
| **MF1 Ltd.** <br>5.599% due 10/16/2036 •  | 10000 | 9957 |
| **PFP Ltd.** <br>5.610% due 09/17/2039 •  | 6641 | 6662 |
| **Starwood LLC** <br>5.181% due 11/19/2042 •  | 46600 | 46684 |
| **Starwood Ltd.**  |  |  |
| 5.649% due 04/18/2038 •  | 5000 | 5002 |
| 5.949% due 04/18/2038 •  | 7825 | 7846 |
| **VMC Finance LLC**  |  |  |
| 5.649% due 06/16/2036 •  | 4265 | 4232 |
| 6.099% due 06/16/2036 •  | 3000 | 2900 |
|  |  | 163150 |
| **HOME EQUITY OTHER 7.3%**  |  |  |
| **ABFC Trust** <br>5.096% due 06/25/2034 •  | 5235 | 5370 |
| **Accredited Mortgage Loan Trust** <br>4.106% due 09/25/2036 •  | 899 | 896 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.086% due 02/25/2037 •  | 3012 | 1251 |
| 4.106% due 10/25/2036 •  | 4982 | 1670 |
| 4.286% due 01/25/2037 •  | 4663 | 1001 |
| 4.446% due 02/25/2036 •  | 65 | 65 |
| 4.446% due 12/25/2036 •  | 3331 | 1774 |
| 4.461% due 12/25/2035 •  | 3903 | 3798 |
| 4.526% due 07/25/2033 •  | 3969 | 3872 |
| 4.821% due 11/25/2033 •  | 1611 | 1654 |
| 5.016% due 02/25/2035 •  | 7068 | 6878 |
| **Aegis Asset-Backed Securities Trust**  |  |  |
| 4.546% due 03/25/2035 •  | 375 | 372 |
| 4.791% due 06/25/2035 •  | 15500 | 12387 |
| **Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates** <br>5.676% due 12/25/2034 •  | 4475 | 4117 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.026% due 06/25/2034 •  | 335 | 319 |
| 4.416% due 04/25/2036 •  | 12700 | 11920 |
| 4.761% due 01/25/2035 •  | 798 | 826 |
| 4.866% due 01/25/2036 •  | 5000 | 4490 |
| 4.971% due 11/25/2034 •  | 933 | 914 |
| **Argent Securities Trust** <br>4.146% due 07/25/2036 •  | 10594 | 9690 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 3.311% due 02/25/2034 •  | 240 | 259 |
| 4.606% due 02/25/2036 •  | 5160 | 4257 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.227% due 03/25/2036 •  | 1474 | 1376 |
| 3.569% due 12/25/2036 •  | 9200 | 8642 |
| 3.926% due 05/25/2037 •  | 288 | 208 |
| 4.806% due 11/25/2033 •  | 2384 | 2418 |
| **Bayview Financial Asset Trust** <br>4.296% due 03/25/2037 •  | 2949 | 2980 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.146% due 11/25/2036 •  | 934 | 912 |
| 4.296% due 06/25/2036 •  | 10057 | 9953 |
| 4.926% due 12/25/2035 •  | 5095 | 5089 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.701% due 07/25/2034 •  | 5187 | 5161 |
| **BNC Mortgage Loan Trust**  |  |  |
| 4.066% due 03/25/2037 •  | 29581 | 25391 |
| 4.136% due 05/25/2037 •  | 10000 | 8717 |
| **C-BASS Trust** <br>3.966% due 11/25/2036 •  | 1802 | 824 |
| **Carrington Mortgage Loan Trust** <br>4.066% due 10/25/2036 •  | 11809 | 10898 |
| **Centex Home Equity Loan Trust** <br>4.806% due 03/25/2035 •  | 1653 | 1651 |
| **CIT Mortgage Loan Trust** <br>5.346% due 10/25/2037 •  | 3687 | 3747 |
| **Citicorp Residential Mortgage Trust** <br>4.449% due 06/25/2037 þ | 8907 | 7992 |
| **Citigroup Mortgage Loan Trust Asset-Backed Pass-Through Certificates** <br>4.791% due 10/25/2034 •  | 797 | 784 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.106% due 07/25/2045 •  | 4687 | 3327 |
| 4.146% due 12/25/2036 •  | 2709 | 1021 |
| 4.166% due 09/25/2036 •  | 1944 | 1515 |
| 4.206% due 01/25/2037 •  | 2185 | 1632 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.446% due 10/25/2036 •  | 5168 | 3046 |
| 4.521% due 10/25/2035 •  | 673 | 667 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.286% due 07/25/2034 •  | 2032 | 2002 |
| 4.546% due 07/25/2034 •  | 5236 | 5194 |
| 4.791% due 02/25/2036 •  | 95 | 95 |
| 4.866% due 10/25/2032 •  | 1451 | 1433 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.065% due 01/25/2037 •  | 16600 | 15905 |
| 4.096% due 02/25/2036 •  | 733 | 717 |
| 4.106% due 12/25/2036 •  | 8933 | 8393 |
| 4.119% due 02/25/2035 ~  | 5174 | 4477 |
| 4.126% due 06/25/2037 •  | 5270 | 4945 |
| 4.126% due 06/25/2047 •  | 16726 | 15416 |
| 4.246% due 09/25/2047 •  | 567 | 539 |
| 4.286% due 09/25/2037 •  | 205 | 219 |
| 4.286% due 09/25/2047 •  | 727 | 748 |
| 4.326% due 03/25/2037 •  | 9226 | 8909 |
| 4.326% due 10/25/2046 •  | 5691 | 5617 |
| 4.346% due 04/25/2046 •  | 1482 | 1453 |
| 4.366% due 09/25/2046 •  | 3717 | 3594 |
| 4.371% due 07/25/2036 •  | 3179 | 3170 |
| 4.401% due 07/25/2036 •  | 14425 | 13844 |
| 4.586% due 08/25/2047 •  | 752 | 745 |
| 4.746% due 10/25/2034 •  | 352 | 350 |
| 4.746% due 05/25/2036 •  | 461 | 456 |
| 4.791% due 11/25/2034 •  | 818 | 813 |
| 4.926% due 01/25/2036 •  | 197 | 198 |
| 5.346% due 02/25/2035 •  | 634 | 634 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 2.886% due 05/25/2036 •  | 7556 | 5244 |
| 3.345% due 12/25/2035 •  | 158 | 157 |
| 4.226% due 07/25/2037 •  | 85 | 57 |
| **Ellington Loan Acquisition Trust**  |  |  |
| 4.896% due 05/25/2037 •  | 1587 | 1577 |
| 4.946% due 05/25/2037 •  | 2547 | 2504 |
| 5.346% due 05/25/2037 •  | 5361 | 5313 |
| **EMC Mortgage Loan Trust** <br>4.946% due 08/25/2040 •  | 487 | 496 |
| **Encore Credit Receivables Trust** <br>4.881% due 10/25/2035 •  | 3552 | 3356 |
| **EquiFirst Loan Securitization Trust** <br>4.226% due 04/25/2037 •  | 18345 | 17250 |
| **Finance of America HECM Buyout** <br>4.000% due 10/01/2034 ~ | 681 | 681 |
| **Fremont Home Loan Trust**  |  |  |
| 4.126% due 01/25/2037 •  | 15043 | 7795 |
| 4.166% due 05/25/2036 •  | 14369 | 9448 |
| 4.166% due 08/25/2036 •  | 24047 | 7472 |
| 4.776% due 04/25/2035 •  | 3864 | 3802 |
| **GE-WMC Mortgage Securities Trust** <br>4.146% due 08/25/2036 •  | 12061 | 5128 |
| **GSAA Home Equity Trust**  |  |  |
| 4.306% due 04/25/2047 •  | 5183 | 2260 |
| 4.326% due 12/25/2036 •  | 5912 | 2012 |
| 4.446% due 05/25/2047 •  | 248 | 154 |
| 4.566% due 06/25/2035 •  | 2827 | 2818 |
| 5.721% due 02/25/2035 •  | 663 | 671 |
| 5.825% due 06/25/2036 ~  | 13828 | 3039 |
| 5.985% due 06/25/2036 ~  | 603 | 133 |
| 6.000% due 10/25/2037  | 12 | 11 |
| 6.032% due 05/25/2037 þ  | 7400 | 3239 |
| **GSAMP Trust**  |  |  |
| 3.966% due 12/25/2036 •  | 696 | 346 |
| 3.986% due 12/25/2036 •  | 4923 | 2651 |
| 4.146% due 08/25/2036 •  | 9168 | 7965 |
| 4.731% due 07/25/2045 •  | 4400 | 4175 |
| **Home Equity Asset Trust** <br>4.551% due 01/25/2036 •  | 10112 | 9788 |
| **Home Equity Loan Trust** <br>4.186% due 04/25/2037 •  | 600 | 543 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.086% due 04/25/2037 •  | 5118 | 3505 |
| 4.326% due 08/25/2036 •  | 8505 | 7907 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 3.996% due 12/25/2036 •  | 3249 | 2927 |
| 4.036% due 01/25/2037 •  | 2081 | 1502 |
| 4.046% due 07/25/2036 •  | 6411 | 2740 |
| 4.626% due 11/25/2035 •  | 541 | 511 |
| **JP Morgan Mortgage Acquisition Corp.**  |  |  |
| 4.356% due 02/25/2036 •  | 1944 | 1933 |
| 4.776% due 12/25/2035 •  | 448 | 444 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.266% due 10/25/2036 •  | 222 | 222 |
| 4.482% due 11/25/2036 •  | 3331 | 3624 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **JP Morgan Mortgage Trust** <br>0.000% due 10/25/2055 ~ | 111605 | 120989 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.136% due 07/25/2036 •  | 8052 | 5614 |
| 4.146% due 05/25/2036 •  | 1463 | 775 |
| 4.166% due 09/25/2036 •  | 22502 | 5671 |
| 4.166% due 10/25/2036 •  | 18005 | 5610 |
| 4.286% due 06/25/2034 •  | 808 | 789 |
| 4.551% due 11/25/2035 •  | 6987 | 6897 |
| 4.641% due 06/25/2034 •  | 22 | 22 |
| 4.761% due 08/25/2035 •  | 3000 | 2790 |
| 5.121% due 02/25/2035 •  | 1704 | 1689 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.146% due 06/25/2036 •  | 8937 | 3007 |
| 4.166% due 10/25/2036 •  | 1928 | 931 |
| 4.206% due 02/25/2036 •  | 4561 | 1652 |
| 4.306% due 01/25/2037 •  | 9912 | 2812 |
| 4.326% due 10/25/2036 •  | 6646 | 6028 |
| 4.596% due 10/25/2035 •  | 3870 | 3837 |
| 4.626% due 02/25/2034 •  | 723 | 768 |
| 4.896% due 05/25/2035 •  | 3080 | 3096 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 1.631% due 04/25/2047 •  | 14164 | 5461 |
| 4.066% due 08/25/2037 •  | 2410 | 1188 |
| 4.136% due 08/25/2037 •  | 7605 | 7047 |
| 4.146% due 08/25/2037 •  | 22217 | 10944 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.537% due 01/25/2035 •  | 6527 | 6078 |
| 3.906% due 05/25/2037 •  | 3327 | 2600 |
| 3.946% due 10/25/2036 •  | 6153 | 2712 |
| 4.056% due 01/25/2037 •  | 3576 | 1656 |
| 4.306% due 09/25/2036 •  | 4735 | 2033 |
| 4.731% due 11/25/2034 •  | 1570 | 1522 |
| 4.776% due 07/25/2034 •  | 75 | 80 |
| 4.821% due 02/25/2035 •  | 6058 | 5120 |
| 4.896% due 04/25/2035 •  | 127 | 120 |
| 7.646% due 02/25/2047 •  | 3525 | 2907 |
| **Morgan Stanley IXIS Real Estate Capital Trust**  |  |  |
| 3.916% due 11/25/2036 •  | 8991 | 2958 |
| 3.996% due 11/25/2036 •  | 13813 | 4545 |
| 4.146% due 07/25/2036 •  | 15527 | 6072 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.226% due 10/25/2036 þ | 2191 | 578 |
| **New Century Home Equity Loan Trust** <br>4.791% due 06/25/2035 •  | 2440 | 2621 |
| **NovaStar Mortgage Funding Trust** <br>5.946% due 12/25/2034 •  | 120 | 112 |
| **Option One Mortgage Loan Trust**  |  |  |
| 3.976% due 07/25/2037 •  | 1967 | 1309 |
| 4.026% due 04/25/2037 •  | 149 | 86 |
| 4.581% due 05/25/2035 •  | 1506 | 1471 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.536% due 11/25/2035 •  | 4899 | 4772 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.971% due 10/25/2034 •  | 9283 | 9351 |
| 5.721% due 09/25/2034 •  | 133 | 131 |
| 5.946% due 09/25/2034 •  | 9202 | 8163 |
| **People's Choice Home Loan Securities Trust** <br>4.731% due 06/25/2034 •  | 2083 | 1979 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.341% due 07/25/2036 •  | 3552 | 3407 |
| **RAAC Trust** <br>4.546% due 03/25/2034 •  | 30 | 30 |
| **RCKT Mortgage Trust**  |  |  |
| 4.795% due 09/25/2055 þ  | 21713 | 21687 |
| 4.966% due 11/25/2055 þ  | 13977 | 14011 |
| 5.344% due 09/25/2044 þ  | 4720 | 4744 |
| 6.025% due 02/25/2044 ~  | 2029 | 2047 |
| 6.141% due 04/25/2044 ~  | 10592 | 10710 |
| 6.147% due 06/25/2044 þ  | 11542 | 11689 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.473% due 01/25/2037 þ  | 9077 | 2833 |
| 5.608% due 05/25/2036 þ  | 6712 | 2853 |
| 5.746% due 05/25/2036 þ  | 2134 | 929 |
| 5.951% due 05/25/2035 þ  | 5261 | 5290 |
| 6.011% due 05/25/2036 þ  | 3091 | 1406 |
| 6.166% due 05/25/2036 þ  | 3374 | 1573 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.526% due 12/25/2035 •  | 6003 | 5437 |
| 4.536% due 10/25/2035 •  | 1 | 1 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.306% due 06/25/2036 •  | 6206 | 6163 |
| 4.791% due 04/25/2035 •  | 109 | 109 |
| 4.851% due 05/25/2035 •  | 2471 | 2467 |
| 4.881% due 08/25/2035 •  | 11600 | 11462 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Saxon Asset Securities Trust**  |  |  |
| 1.215% due 11/25/2035 •  | 65 | 64 |
| 4.156% due 09/25/2037 •  | 808 | 786 |
| 4.281% due 09/25/2036 •  | 2032 | 1960 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.026% due 07/25/2036 •  | 2965 | 969 |
| 4.226% due 05/25/2037 •  | 6082 | 5430 |
| 4.461% due 01/25/2035 •  | 7302 | 7084 |
| **Soundview Home Loan Trust**  |  |  |
| 4.016% due 07/25/2037 •  | 212 | 193 |
| 4.066% due 01/25/2037 •  | 2146 | 1575 |
| 4.346% due 06/25/2036 •  | 1424 | 1419 |
| 4.406% due 05/25/2036 •  | 6659 | 6539 |
| 4.836% due 06/25/2035 •  | 3045 | 3268 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.191% due 07/25/2036 •  | 5664 | 3309 |
| 4.446% due 04/25/2036 •  | 32079 | 15359 |
| 4.611% due 08/25/2035 •  | 2124 | 2091 |
| 4.646% due 04/25/2034 •  | 2395 | 2365 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.116% due 02/25/2037 •  | 8934 | 8700 |
| 4.166% due 12/25/2036 •  | 15471 | 15060 |
| 4.266% due 02/25/2037 •  | 3328 | 3279 |
| 4.851% due 11/25/2035 •  | 202 | 202 |
| **Terwin Mortgage Trust** <br>4.346% due 05/25/2038 •  | 4241 | 2207 |
| **Towd Point Mortgage Trust**  |  |  |
| 5.091% due 10/25/2065 þ  | 14641 | 14705 |
| 5.278% due 08/25/2065 þ  | 17131 | 17215 |
| 5.348% due 07/25/2065 þ  | 6809 | 6857 |
| 6.290% due 05/25/2064 ~  | 9792 | 9915 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>5.946% due 11/25/2035 •  | 12824 | 12811 |
|  |  | 939800 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Morgan Stanley Mortgage Loan Trust** <br>4.326% due 04/25/2037 •  | 1394 | 372 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Cascade MH Asset Trust** <br>5.695% due 11/25/2056 ~ | 1351 | 1392 |
| **Conseco Finance Securitizations Corp.** <br>8.310% due 05/01/2032 ~ | 19650 | 2497 |
|  |  | 3889 |
| **WHOLE LOAN COLLATERAL 1.2%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust** <br>6.000% due 03/25/2036 | 3470 | 1320 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 5.046% due 06/25/2036 •  | 745 | 746 |
| 6.146% due 09/25/2033 •  | 83 | 51 |
| 6.500% due 09/25/2046  | 16151 | 2628 |
| **Countrywide Asset-Backed Certificates** <br>4.326% due 04/25/2036 •  | 159 | 147 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.006% due 11/25/2036 •  | 170 | 179 |
| 4.066% due 12/25/2037 •  | 827 | 804 |
| 4.166% due 04/25/2036 •  | 1752 | 1733 |
| 4.416% due 02/25/2036 •  | 5308 | 5070 |
| 4.596% due 12/25/2035 •  | 6849 | 6753 |
| 4.656% due 10/25/2035 •  | 5088 | 6155 |
| 4.791% due 06/25/2034 •  | 2234 | 2214 |
| 5.496% due 01/25/2035 •  | 5671 | 5652 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.986% due 07/25/2036 •  | 10286 | 3240 |
| **Lehman XS Trust**  |  |  |
| 4.086% due 02/25/2037 •  | 3338 | 3267 |
| 4.166% due 02/25/2037 •  | 1240 | 1212 |
| **PRET LLC**  |  |  |
| 5.184% due 11/25/2055 þ  | 3534 | 3545 |
| 5.193% due 10/25/2055 þ  | 1577 | 1581 |
| 5.265% due 12/25/2055 «þ  | 6100 | 6108 |
| 5.342% due 12/25/2055 þ  | 8605 | 8635 |
| 5.657% due 08/25/2055 þ  | 3448 | 3460 |
| 5.732% due 08/25/2055 þ  | 962 | 965 |
| 5.851% due 12/25/2054 þ  | 9742 | 9754 |
| 5.925% due 10/25/2054 þ  | 14426 | 14445 |
| 5.926% due 10/25/2054 þ  | 6378 | 6386 |
| 6.244% due 05/25/2055 þ  | 11163 | 11233 |
| 6.368% due 04/25/2055 þ  | 12606 | 12677 |
| **RAAC Trust**  |  |  |
| 4.446% due 06/25/2044 •  | 16 | 15 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.346% due 09/25/2047 •  | 3837 | 3870 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.896% due 07/25/2035 •  | 2500 | 2303 |
| 5.096% due 10/25/2034 •  | 8538 | 8192 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.966% due 09/25/2036 •  | 2231 | 1606 |
| 4.166% due 09/25/2036 •  | 19494 | 14030 |
| 4.326% due 09/25/2036 •  | 3566 | 2566 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.146% due 09/25/2037 •  | 824 | 579 |
| 4.546% due 03/25/2037 •  | 251 | 130 |
| **VCAT LLC**  |  |  |
| 5.877% due 01/25/2055 þ  | 3321 | 3336 |
| 5.977% due 01/25/2055 þ  | 4784 | 4802 |
|  |  | 161389 |
| **OTHER ABS 15.4%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 9400 | 9417 |
| **37 Capital CLO 4 Ltd.** <br>4.995% due 04/15/2035 •  | 2100 | 2100 |
| **522 Funding CLO Ltd.** <br>5.060% due 10/23/2034 •  | 4600 | 4604 |
| **ACHV ABS Trust**  |  |  |
| 4.760% due 04/26/2032  | 953 | 956 |
| 5.010% due 12/26/2031  | 423 | 427 |
| 5.040% due 04/26/2032  | 1205 | 1211 |
| 5.070% due 10/27/2031  | 1096 | 1103 |
| **Affirm Asset Securitization Trust** <br>5.220% due 12/17/2029 | 571 | 571 |
| **Affirm Master Trust**  |  |  |
| 4.450% due 10/16/2034  | 2600 | 2611 |
| 4.990% due 02/15/2033  | 25800 | 26068 |
| **AMMC CLO 24 Ltd.** <br>5.084% due 01/20/2035 •  | 5500 | 5501 |
| **AMSR Trust** <br>1.953% due 06/17/2038 | 4000 | 3794 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.934% due 10/20/2034 •  | 19500 | 19485 |
| **Anchorage Capital CLO 28 Ltd.** <br>5.584% due 04/20/2037 •  | 34000 | 34196 |
| **Anchorage Credit Funding 1 Ltd.** <br>3.900% due 07/28/2037 | 16446 | 16324 |
| **Anchorage Credit Funding 10 Ltd.**  |  |  |
| 3.619% due 04/25/2038  | 6729 | 6624 |
| 4.169% due 04/25/2038  | 1000 | 965 |
| **Anchorage Credit Funding 11 Ltd.** <br>3.400% due 04/25/2038 | 23637 | 23167 |
| **Anchorage Credit Funding 12 Ltd.** <br>3.177% due 10/25/2038 | 1000 | 981 |
| **Anchorage Credit Funding 13 Ltd.** <br>2.875% due 07/27/2039 | 1000 | 964 |
| **Anchorage Credit Funding 14 Ltd.** <br>3.000% due 01/21/2040 | 1000 | 961 |
| **Anchorage Credit Funding 18 Ltd.**  |  |  |
| 5.327% due 10/22/2040  | 25000 | 25116 |
| 5.702% due 10/22/2040  | 5000 | 5024 |
| **Anchorage Credit Funding 3 Ltd.** <br>2.871% due 01/28/2039 | 5300 | 5136 |
| **Anchorage Credit Funding 7 Ltd.** <br>4.620% due 04/25/2037 | 1576 | 1575 |
| **Anchorage Credit Funding 8 Ltd.** <br>4.430% due 07/25/2037 | 5238 | 5227 |
| **Anchorage Credit Funding 9 Ltd.** <br>3.793% due 10/25/2037 | 6216 | 6158 |
| **Apidos CLO XI** <br>5.122% due 04/17/2034 •  | 2400 | 2403 |
| **Arbour CLO VI DAC** <br>3.214% due 11/15/2037 •  | 2000 | 2355 |
| **ARES LXII CLO Ltd.** <br>4.928% due 01/25/2034 •  | $25200 | 25200 |
| **ARES XLIV CLO Ltd.** <br>5.035% due 04/15/2034 •  | 3800 | 3801 |
| **ARES XXVII CLO Ltd.** <br>5.009% due 10/28/2034 •  | 19100 | 19106 |
| **Ascent Education Funding Trust** <br>6.140% due 10/25/2050 | 2355 | 2421 |
| **Atlantic Avenue Ltd.** <br>5.144% due 01/20/2035 •  | 21900 | 21921 |
| **Atlas Senior Loan Fund XII Ltd.** <br>5.307% due 10/24/2031 •  | 848 | 848 |
| **Atlas Senior Loan Fund XVII Ltd.** <br>4.944% due 10/20/2034 •  | 1000 | 998 |
| **Ayresome CDO I Ltd.** <br>7.330% due 12/08/2045 •  | 2266 | 535 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.850% due 04/23/2035 •  | 31000 | 30989 |
| 4.925% due 07/24/2034 •  | 11600 | 11582 |
| 5.010% due 10/23/2034 •  | 1800 | 1801 |
| 5.084% due 10/20/2034 •  | 12000 | 12011 |
| 5.124% due 07/16/2034 •  | 13200 | 13214 |
| 5.124% due 07/19/2034 •  | 13300 | 13307 |
| 5.374% due 07/16/2034 •  | 1800 | 1809 |
| 5.544% due 07/16/2034 •  | 5100 | 5109 |
| **BHG Securitization Trust**  |  |  |
| 4.820% due 04/17/2036  | 3720 | 3759 |
| 4.840% due 09/17/2036  | 11100 | 11221 |
| 5.260% due 04/17/2036  | 6107 | 6175 |
| **BlackRock European CLO VII DAC** <br>2.629% due 10/15/2031 •  | 2295 | 2701 |
| **BNPP AM Euro CLO DAC** <br>2.676% due 10/15/2031 •  | 239 | 281 |
| **C-BASS CBO XII Ltd.** <br>7.090% due 12/15/2034 •  | $15662 | 1061 |
| **C-BASS CBO XV Ltd.** <br>7.270% due 02/16/2041 ^•  | 248640 | 3897 |
| **Cairn CLO X DAC** <br>2.789% due 10/15/2031 •  | 2473 | 2909 |
| **Canyon CLO Ltd.** <br>4.985% due 07/15/2034 •  | $800 | 799 |
| **Capital Four CLO X DAC** <br>3.279% due 10/25/2038 •  | 2500 | 2940 |
| **Capital Street Master Trust** <br>5.074% due 08/16/2029 •  | $13000 | 12985 |
| **Carlyle Euro CLO DAC** <br>2.709% due 01/15/2031 •  | 2377 | 2795 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>4.974% due 07/20/2034 •  | $28500 | 28516 |
| **CarVal CLO III Ltd.** <br>4.874% due 07/20/2032 •  | 17180 | 17191 |
| **Centerbridge Credit Funding 1 Ltd.** <br>3.164% due 07/25/2039 | 3800 | 3697 |
| **College Avenue Student Loans LLC**  |  |  |
| 1.600% due 07/25/2051  | 8529 | 7843 |
| 1.760% due 06/25/2052  | 6893 | 6250 |
| 2.320% due 07/26/2055  | 3910 | 3582 |
| 4.130% due 12/26/2047  | 1066 | 1054 |
| 5.046% due 12/26/2047 •  | 776 | 777 |
| 5.496% due 11/26/2046 •  | 1422 | 1436 |
| **Cologix Canadian Issuer LP** <br>4.940% due 01/25/2052 | 30000 | 21712 |
| **Commonbond Student Loan Trust** <br>1.980% due 08/25/2050 | $3594 | 3240 |
| **Consumer Loan Finance**  |  |  |
| 0.000% due 11/25/2054 «  | 1604 | 820 |
| 5.150% due 11/25/2054  | 2176 | 2190 |
| 5.350% due 11/25/2054  | 6327 | 6451 |
| 5.450% due 11/25/2054  | 1554 | 1579 |
| 5.750% due 11/25/2054  | 777 | 786 |
| 6.600% due 11/25/2054  | 1017 | 1026 |
| 8.750% due 11/25/2054  | 584 | 591 |
| **Consumer Loan Finance Issuer Trust**  |  |  |
| 0.000% due 11/25/2054 «  | 1134 | 597 |
| 5.150% due 11/25/2054  | 714 | 715 |
| 5.350% due 11/25/2054  | 3937 | 4019 |
| 5.450% due 11/25/2054  | 981 | 997 |
| 5.750% due 11/25/2054  | 490 | 497 |
| 6.600% due 11/25/2054  | 617 | 625 |
| 8.750% due 11/25/2054  | 370 | 375 |
| **CQS U.S. CLO Ltd.** <br>5.084% due 01/20/2035 •  | 9000 | 9009 |
| **Crossroads Asset Trust** <br>4.910% due 02/20/2032 | 2060 | 2076 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(c) | 2500 | 2938 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>3.604% due 08/15/2033 •  | 2800 | 3303 |
| **Diameter Capital CLO 4 Ltd.** <br>5.735% due 01/15/2037 •  | $22600 | 22747 |
| **Dryden 27 R Euro CLO DAC**  |  |  |
| 1.650% due 04/15/2033  | 5600 | 6351 |
| 2.686% due 04/15/2033 •  | 3566 | 4193 |
| **Dryden 43 Senior Loan Fund** <br>4.954% due 04/20/2034 •  | $1000 | 1000 |
| **Elevation CLO Ltd.**  |  |  |
| 4.988% due 07/25/2034 •  | 18700 | 18685 |
| 5.158% due 01/25/2035 •  | 19700 | 19728 |
| 5.458% due 01/25/2035 •  | 2200 | 2210 |
| 5.708% due 01/25/2035 •  | 3500 | 3508 |
| **Euro-Galaxy III CLO DAC**  |  |  |
| 1.600% due 04/24/2034  | 2800 | 3151 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.686% due 04/24/2034 •  | 4280 | 5035 |
| 3.466% due 04/24/2034 •  | 2200 | 2592 |
| **Fortress Credit BSL VII Ltd.** <br>4.950% due 07/23/2032 •  | $3284 | 3288 |
| **Fortress Credit BSL X Ltd.** <br>5.014% due 04/20/2033 •  | 7100 | 7108 |
| **Goodgreen Trust** <br>3.930% due 10/15/2053 ~ | 3974 | 3698 |
| **GoodLeap Home Improvement Solutions Trust** <br>5.320% due 06/20/2049 | 8949 | 9053 |
| **GreenSky Home Improvement Issuer Trust**  |  |  |
| 4.890% due 06/25/2060  | 5528 | 5574 |
| 4.930% due 06/25/2060  | 4580 | 4598 |
| 5.020% due 06/25/2060  | 3300 | 3352 |
| 5.120% due 03/25/2060  | 4484 | 4506 |
| 5.150% due 10/27/2059  | 2106 | 2145 |
| 5.220% due 03/25/2060  | 3344 | 3396 |
| 5.250% due 10/27/2059  | 373 | 374 |
| 5.260% due 10/27/2059  | 3769 | 3820 |
| 5.320% due 03/25/2060  | 7100 | 7275 |
| 5.550% due 10/27/2059  | 1401 | 1417 |
| 6.430% due 10/27/2059  | 628 | 641 |
| **GreenSky Home Improvement Trust**  |  |  |
| 5.550% due 06/25/2059  | 1800 | 1849 |
| 5.870% due 06/25/2059  | 4135 | 4230 |
| 5.880% due 06/25/2059  | 1065 | 1070 |
| 6.360% due 06/25/2059  | 1241 | 1271 |
| 7.330% due 06/25/2059  | 4135 | 4284 |
| **Greywolf CLO III Ltd.**  |  |  |
| 5.087% due 04/22/2033 •  | 16468 | 16479 |
| 5.707% due 04/22/2033 •  | 7700 | 7732 |
| **Guggenheim CLO Ltd.** <br>5.055% due 01/15/2035 •  | 14000 | 13982 |
| **Hildene TruPS Financials Note Securitization Ltd.** <br>5.549% due 10/10/2038 •  | 13478 | 13478 |
| **Home Partners of America Trust**  |  |  |
| 1.901% due 12/17/2026  | 6701 | 6562 |
| 2.200% due 01/17/2041  | 2262 | 2133 |
| **ICG U.S. CLO Ltd.**  |  |  |
| 4.884% due 01/16/2033 •  | 5472 | 5478 |
| 5.034% due 10/20/2034 •  | 17300 | 17309 |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | 28800 | 28799 |
| **Indigo Credit Management II DAC** <br>4.109% due 07/15/2038 •  | 2000 | 2360 |
| **Jamestown CLO XVI Ltd.** <br>4.978% due 07/25/2034 •  | $21200 | 21204 |
| **Jamestown CLO XVIII Ltd.** <br>5.128% due 07/25/2035 •  | 20100 | 20130 |
| **Jubilee CLO DAC**  |  |  |
| 1.650% due 04/15/2031  | 1700 | 1937 |
| 2.659% due 04/15/2031 •  | 3159 | 3714 |
| **KKR CLO 21 Ltd.** <br>5.566% due 04/15/2031 •  | $11700 | 11735 |
| **LCM 31 Ltd.** <br>5.164% due 07/20/2034 •  | 6750 | 6761 |
| **LCM 36 Ltd.** <br>4.975% due 01/15/2034 •  | 1000 | 999 |
| **LendingPoint Pass-Through Trust** <br>5.700% due 07/15/2029 | 294 | 293 |
| **Lendmark Funding Trust**  |  |  |
| 4.470% due 02/21/2034  | 700 | 702 |
| 5.530% due 06/21/2032  | 5400 | 5475 |
| **Lyra Music Assets Delaware LP** <br>5.760% due 12/22/2064 | 25895 | 26230 |
| **Madison Park Funding XLIX Ltd.** <br>4.934% due 10/19/2034 •  | 20000 | 20000 |
| **Madison Park Funding XLVI Ltd.** <br>4.905% due 10/15/2034 •  | 31900 | 31878 |
| **Madison Park Funding XXXIX Ltd.** <br>5.107% due 10/22/2034 •  | 2600 | 2603 |
| **Madison Park Funding XXXVI Ltd.** <br>4.965% due 04/15/2035 •  | 1000 | 1000 |
| **Marlette Funding Trust** <br>7.130% due 12/15/2033 | 2187 | 2208 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 17100 | 17106 |
| **Nassau Ltd.** <br>5.316% due 07/15/2031 •  | 296 | 296 |
| **Navesink CLO 2 Ltd.** <br>5.175% due 04/15/2036 •  | 2000 | 2000 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.690% due 05/15/2069  | 3377 | 3228 |
| 4.000% due 12/15/2059  | 1460 | 1454 |
| 4.915% due 12/15/2059 •  | 900 | 899 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Navient Refinance Loan Trust** <br>5.150% due 02/16/2055 | 4531 | 4598 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.840% due 05/17/2055  | 23393 | 23493 |
| 5.334% due 05/17/2055 •  | 23393 | 23583 |
| 6.118% due 02/20/2041 •  | 8257 | 8439 |
| 6.640% due 02/20/2041  | 7712 | 8034 |
| **Northwoods Capital XII-B Ltd.** <br>4.913% due 06/15/2031 •  | 5743 | 5750 |
| **Ocean Trails CLO X** <br>5.605% due 10/15/2034 •  | 1400 | 1403 |
| **Octagon Investment Partners 40 Ltd.** <br>4.924% due 01/20/2035 •  | 26200 | 26193 |
| **OFSI BSL X Ltd.** <br>5.154% due 04/20/2034 •  | 13000 | 13018 |
| **OneMain Financial Issuance Trust** <br>5.484% due 09/15/2036 •  | 2600 | 2624 |
| **Oportun Funding Trust** <br>4.960% due 08/16/2032 | 2195 | 2198 |
| **Oportun Issuance Trust**  |  |  |
| 5.010% due 02/08/2033  | 5100 | 5100 |
| 5.860% due 02/09/2032  | 216 | 216 |
| **Oxford Finance Funding LLC** <br>3.602% due 02/15/2030 | 7018 | 6945 |
| **OZLM XXIV Ltd.** <br>5.846% due 07/20/2032 •  | 9750 | 9794 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 0.000% due 04/15/2032 «~  | 2230 | 1042 |
| 5.065% due 03/15/2032  | 1899 | 1905 |
| 5.092% due 07/15/2032  | 2390 | 2401 |
| 5.108% due 03/15/2033  | 2600 | 2617 |
| 5.156% due 07/15/2032  | 2288 | 2308 |
| 5.183% due 06/15/2032  | 3114 | 3130 |
| 5.329% due 10/15/2032  | 18898 | 18998 |
| 5.331% due 01/15/2032  | 1607 | 1614 |
| 5.617% due 04/15/2032 «  | 2027 | 2031 |
| 5.628% due 07/15/2032  | 17299 | 17448 |
| 5.637% due 07/15/2032  | 1031 | 1039 |
| 5.639% due 10/15/2032  | 6999 | 7032 |
| 5.750% due 06/15/2032  | 2295 | 2310 |
| 5.823% due 04/15/2032 «  | 1429 | 1433 |
| 5.871% due 07/15/2032  | 1090 | 1098 |
| 6.261% due 04/15/2032 «  | 1499 | 1505 |
| 6.278% due 10/15/2031  | 1078 | 1085 |
| 10.273% due 04/15/2032 «  | 1849 | 1815 |
| **Pagaya AI Debt Grantor Trust & Pagaya AI Debt Trust** <br>6.093% due 11/15/2031 | 1029 | 1035 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 1316 | 1325 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 6200 | 6255 |
| 6.258% due 10/15/2031  | 2561 | 2570 |
| 6.319% due 08/15/2031  | 1120 | 1124 |
| 6.660% due 07/15/2031  | 193 | 193 |
| 8.798% due 07/15/2031  | 3779 | 3789 |
| 9.538% due 06/16/2031  | 2682 | 2740 |
| **Pagaya Point of Sale Holdings Grantor Trust** <br>5.715% due 01/20/2034 | 5500 | 5545 |
| **Palmer Square European Loan Funding DAC** <br>2.989% due 01/15/2033 •  | 385 | 452 |
| **Parallel Ltd.** <br>5.015% due 07/15/2034 •  | $19600 | 19564 |
| **Pikes Peak CLO 2** <br>5.104% due 10/11/2034 •  | 7900 | 7909 |
| **Pikes Peak CLO 4** <br>5.115% due 07/15/2034 •  | 8300 | 8307 |
| **PK ALIFT Loan Funding 4 LP** <br>5.052% due 10/15/2039 | 5844 | 5870 |
| **Providus CLO II DAC** <br>3.169% due 10/15/2038 •  | 1750 | 2060 |
| **RCKT Trust** <br>4.900% due 07/25/2034 | $1440 | 1444 |
| **Reach ABS Trust**  |  |  |
| 4.930% due 08/18/2032  | 11558 | 11607 |
| 4.960% due 08/16/2032  | 3096 | 3106 |
| 5.340% due 08/16/2032  | 3400 | 3452 |
| 5.880% due 07/15/2031  | 872 | 876 |
| 5.990% due 08/16/2032  | 800 | 815 |
| **Regatta XVI Funding Ltd.** <br>5.105% due 01/15/2033 •  | 9601 | 9608 |
| **Regional Management Issuance Trust**  |  |  |
| 5.110% due 12/15/2033  | 5400 | 5444 |
| 5.830% due 07/15/2036  | 2500 | 2550 |
| **Rockford Tower CLO Ltd.** <br>5.014% due 07/20/2034 •  | 800 | 800 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Romark Credit Funding II Ltd.** <br>2.625% due 10/25/2039 | 1500 | 1424 |
| **Romark Credit Funding III Ltd.** <br>5.539% due 09/15/2042 | 7400 | 7426 |
| **Sandstone Peak Ltd.** <br>5.185% due 10/15/2034 •  | 18500 | 18534 |
| **Sculptor CLO XXVII Ltd.** <br>4.944% due 07/20/2034 •  | 15700 | 15700 |
| **Silver Rock CLO II Ltd.** <br>4.924% due 01/20/2035 •  | 15300 | 15300 |
| **SLM Student Loan Trust**  |  |  |
| 2.615% due 07/25/2039 •  | 582 | 644 |
| 2.650% due 12/15/2033 •  | 487 | 539 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 03/15/2055 «  | $3 | 39 |
| 1.290% due 07/15/2053  | 2112 | 2020 |
| 2.310% due 01/15/2053  | 2660 | 2605 |
| 4.000% due 09/15/2042  | 9208 | 9170 |
| 4.500% due 10/15/2048  | 3000 | 3000 |
| 4.550% due 02/16/2055  | 20433 | 20075 |
| 4.595% due 01/15/2053 •  | 516 | 511 |
| 4.780% due 03/15/2055  | 2300 | 2279 |
| 4.950% due 02/16/2055  | 10197 | 10064 |
| 4.960% due 03/15/2055  | 47201 | 47585 |
| 5.020% due 03/17/2053  | 19103 | 19276 |
| 5.060% due 03/16/2054  | 9079 | 9200 |
| 5.074% due 06/17/2052 •  | 2394 | 2393 |
| 5.074% due 07/15/2053 •  | 16492 | 16383 |
| 5.090% due 10/16/2056  | 2052 | 2086 |
| 5.100% due 03/15/2055  | 2300 | 2318 |
| 5.184% due 03/15/2055 •  | 5212 | 5222 |
| 5.240% due 03/15/2056  | 2935 | 2990 |
| 5.260% due 03/15/2055  | 4600 | 4466 |
| 5.334% due 10/16/2056 •  | 2790 | 2797 |
| 5.380% due 07/15/2053  | 24244 | 24771 |
| 5.434% due 03/15/2056 •  | 7063 | 7139 |
| 5.500% due 06/17/2052  | 11892 | 12217 |
| 5.784% due 10/16/2056 •  | 1386 | 1416 |
| 5.834% due 05/16/2050 •  | 1712 | 1739 |
| **SoFi Consumer Loan Program Trust**  |  |  |
| 0.000% due 03/27/2034 «  | 4019 | 5275 |
| 0.010% due 10/25/2034 «  | 4364 | 6191 |
| 4.190% due 10/25/2034  | 31235 | 31266 |
| 4.530% due 10/25/2034  | 3787 | 3779 |
| 4.800% due 02/27/2034  | 4074 | 4090 |
| 4.900% due 10/25/2034  | 2942 | 2939 |
| 4.910% due 03/27/2034  | 20780 | 20889 |
| 5.200% due 10/25/2034  | 2170 | 2175 |
| 5.250% due 03/27/2034  | 3796 | 3843 |
| 5.770% due 03/27/2034  | 2944 | 2988 |
| 6.260% due 03/27/2034  | 2177 | 2212 |
| **SoFi Professional Loan Program LLC** <br>1.030% due 08/17/2043 | 6911 | 6129 |
| **Sound Point CLO XXVII Ltd.** <br>5.300% due 10/25/2034 •  | 10400 | 10435 |
| **Start II Ltd.** <br>4.089% due 03/15/2044 | 2165 | 2160 |
| **Store Master Funding I-VII** <br>4.290% due 10/20/2048 | 3991 | 3974 |
| **Stream Innovations Issuer Trust** <br>6.270% due 07/15/2044 | 2362 | 2457 |
| **Sunbit Asset Securitization Trust** <br>5.360% due 07/15/2030 | 8400 | 8461 |
| **Sycamore Tree CLO Ltd.** <br>5.564% due 01/20/2037 •  | 19900 | 20005 |
| **Symphony CLO XXII Ltd.** <br>5.064% due 04/18/2033 •  | 7124 | 7128 |
| **T-Mobile U.S. Trust** <br>4.250% due 05/21/2029 | 7700 | 7741 |
| **Taberna Preferred Funding II Ltd.** <br>4.592% due 11/05/2035 •  | 1163 | 1117 |
| **Taberna Preferred Funding VI Ltd.** <br>4.522% due 12/05/2036 •  | 19033 | 17510 |
| **TCI-Symphony CLO Ltd.** <br>5.723% due 10/13/2032 •  | 18530 | 18599 |
| **Tesla Sustainable Energy Trust**  |  |  |
| 5.080% due 06/21/2050  | 2457 | 2469 |
| 5.290% due 06/20/2050  | 2100 | 2111 |
| **THL Credit Wind River CLO Ltd.** <br>5.105% due 04/15/2035 •  | 4100 | 4103 |
| **Thunderbolt II Aircraft Lease Ltd.** <br>5.960% due 09/15/2038 þ | 3836 | 3838 |
| **Trinitas CLO VII Ltd.** <br>4.918% due 01/25/2035 •  | 16000 | 16000 |
| **Tropic CDO V Ltd.** <br>4.486% due 07/15/2036 •  | 8839 | 8552 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Trysail CLO Ltd.** <br>5.123% due 10/20/2033 •  | 5500 | 5506 |
| **U.S. Capital Funding V Ltd.** <br>4.469% due 10/10/2040 •  | 507 | 482 |
| **Upstart Pass-Through Trust**  |  |  |
| 4.300% due 05/20/2030  | 376 | 376 |
| 7.900% due 10/20/2028  | 903 | 913 |
| **Upstart Securitization Trust**  |  |  |
| 4.600% due 09/20/2035  | 6600 | 6617 |
| 5.020% due 09/20/2035  | 1200 | 1196 |
| **Upstart Structured Pass-Through Trust** <br>4.250% due 06/17/2030 | 451 | 450 |
| **UPX HIL Issuer Trust** <br>5.160% due 01/25/2047 | 2083 | 2101 |
| **Venture 33 CLO Ltd.** <br>5.226% due 07/15/2031 •  | 1104 | 1105 |
| **Venture 44 CLO Ltd.** <br>5.024% due 10/20/2034 •  | 5575 | 5577 |
| **Venture XXIX CLO Ltd.** <br>5.103% due 09/07/2030 •  | 586 | 586 |
| **Vibrant CLO XI Ltd.** <br>5.846% due 07/20/2032 •  | 12125 | 12179 |
| **Voya Ltd.** <br>5.616% due 10/15/2030 •  | 4000 | 4013 |
| **WATR I Issuer Trust**  |  |  |
| 0.010% due 06/17/2050 «  | 3617 | 6463 |
| 0.010% due 09/16/2050 «  | 4148 | 7574 |
| 4.790% due 09/16/2050 «  | 26185 | 26205 |
| 5.040% due 09/16/2050 «  | 7399 | 7410 |
| 5.240% due 09/16/2050 «  | 4900 | 4907 |
| 5.250% due 06/17/2050 «  | 22732 | 23014 |
| 5.560% due 06/17/2050 «  | 5300 | 5389 |
| 5.810% due 06/17/2050 «  | 3300 | 3360 |
| 6.160% due 09/16/2050 «  | 5100 | 5104 |
| 6.770% due 06/17/2050 «  | 5800 | 5910 |
| **Wellfleet CLO Ltd.** <br>5.055% due 07/15/2034 •  | 5000 | 5002 |
| **Wind River CLO Ltd.** <br>4.965% due 10/15/2034 •  | 17008 | 16968 |
|  |  | 2002214 |
| Total Asset-Backed Securities (Cost $3,800,432) |  | 3708119 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.3%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.850% (f) | 1262707 | 1263 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM NOTES 0.0%**  |  |  |
| **Pagaya AI Debt Trust**<br>4.858% due 06/15/2026 | $2791 | 2792 |
| **U.S. TREASURY BILLS 0.3%**  |  |  |
| 3.719% due 01/13/2026 - 04/28/2026 (d)(e)(i)(k) | 36866 | 36552 |
| Total Short-Term Instruments (Cost $40,597) |  | 40607 |
| Total Investments in Securities (Cost $27,607,494) |  | 27188518 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 3.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 3.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 41560846 | 404844 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $404,794) | 404844 |
| Total Investments in Affiliates (Cost $404,794) | 404844 |
| Total Investments 212.8% (Cost $28,012,288) | $27593362 |
| **Financial Derivative Instruments (h)(j) 1.9**%(Cost or Premiums, net $498,107) | 249041 |
| Other Assets and Liabilities, net (114.7)% | (14876038) |
| Net Assets 100.0% | $12966365 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| CIB | CIB | 4.130%  | 12/11/2025 | 01/07/2026 | 01/07/2026 | (46478) | (46478) | (46596) | (46596) |
| GSC | GSC | 3.970  | 12/11/2025 | 01/07/2026 | 01/07/2026 | (733101) | (733101) | (734879) | (734879) |
| IND | IND | 3.960  | 12/11/2025 | 01/07/2026 | 01/07/2026 | (118109) | (118109) | (118395) | (118395) |
|  |  | 3.970  | 12/22/2025 | 01/07/2026 | 01/07/2026 | (399426) | (399426) | (399910) | (399910) |
| SBI | SBI | 3.970  | 12/11/2025 | 01/07/2026 | 01/07/2026 | (2144057) | (2144057) | (2149259) | (2149259) |
| WFS | WFS | 3.970  | 12/11/2025 | 01/07/2026 | 01/07/2026 | (1817387) | (1817387) | (1821796) | (1821796) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(5270835)** | **(5270835)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Coupon | Maturity<br>Date | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% | U.S. Government Agencies (32.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000% | 02/01/2056 | 58000 | $(52073) | (52073) | $(52057) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 4.000 | 01/01/2056 | 86200 | (81042) | (81042) | (81442) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 6.000 | 01/01/2056 | 20000 | (20389) | (20389) | (20384) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 6.500 | 01/01/2056 | 33855 | (34783) | (34783) | (35000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 1.500 | 01/01/2041 | 9500 | (8574) | (8574) | (8598) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 01/01/2041 | 107900 | (99816) | (99816) | (99926) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 02/01/2056 | 122550 | (99352) | (99352) | (99069) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 01/01/2056 | 38235 | (32467) | (32467) | (32329) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 02/01/2056 | 333000 | (281762) | (281762) | (281515) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 01/01/2041 | 26025 | (25009) | (25009) | (25040) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.000 | 02/01/2056 | 1214905 | (1074951) | (1074951) | (1073910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 02/01/2056 | 233510 | (215158) | (215158) | (215167) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 01/01/2041 | 1000 | (985) | (985) | (987) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 02/01/2056 | 511800 | (485770) | (485770) | (485204) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 01/01/2041 | 1000 | (998) | (998) | (1000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.000 | 01/01/2056 | 85597 | (85169) | (85169) | (85376) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 01/01/2041 | 308000 | (315495) | (315495) | (315800) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 02/01/2041 | 428000 | (438750) | (438750) | (438738) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 02/01/2056 | 850900 | (859820) | (859820) | (862067) |
| **Total Short Sales (32.5)%** | **Total Short Sales (32.5)%** | **Total Short Sales (32.5)%** | **Total Short Sales (32.5)%** |  |  |  | $**(4212363)** | **(4212363)** | $**(4213609)** |
| **(g)** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $5,483,657 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(4190626) at a weighted average interest rate of 4.465%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 2450 | 589914 | $(2774) | (2774) | (2774) | 0 | 0 | 0 |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2027 | 13878 | 3361599 | 4082 | 4082 | 4082 | 0 | 0 | (867) |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2026 | 2312 | 558868 | 75 | 75 | 75 | 0 | 0 | (116) |
| 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 05/2026 | 2398 | 964873 | (1795) | (1795) | (1795) | 0 | 0 | (100) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 1823 | 199262 | (214) | (214) | (214) | 0 | 0 | (214) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 4597 | 516875 | (1390) | (1390) | (1390) | 0 | 0 | (934) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 2242 | 257865 | (1404) | (1404) | (1404) | 0 | 0 | (420) |
|  |  |  |  |  |  |  |  | (3420) | (3420) | $ | 0 | $ | (2651) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 11696 | (2821221) | $7593 | 7593 | 7593 | 292 | 292 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 101 | (11918) | 218 | 218 | 218 | 38 | 38 | 0 |
|  |  |  |  |  |  |  |  | 7811 | 7811 | $ | 330 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **4391** | **4391** | **$** | **330** | **$** | **(2651)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Liability |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500% | Annual | 06/21/2026 | 06/21/2026 | $126500 | $(93) | 677 | $584 | 584 | 584 | 8 | $0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2026 | 09/17/2026 | 351700 | (71) | 240 | 169 | 169 | 169 | 0 | (35) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.500 | Semi-Annual | 12/20/2027 | 12/20/2027 | 7400 | 22 | (180) | (158) | (158) | (158) | 0 | (5) |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 03/18/2028 | 511300 | 2856 | (577) | 2279 | 2279 | 2279 | 0 | (306) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.638 | Annual | 05/31/2028 | 05/31/2028 | 2800 | 0 | (10) | (10) | (10) | (10) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 05/31/2028 | 5500 | 0 | (23) | (23) | (23) | (23) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | 05/31/2028 | 05/31/2028 | 1900 | 0 | (16) | (16) | (16) | (16) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2028 | 06/20/2028 | 700 | (2) | (3) | (5) | (5) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.858 | Annual | 03/08/2029 | 03/08/2029 | 41300 | 155 | (633) | (478) | (478) | (478) | 42 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2029 | 03/18/2029 | 23800 | 167 | (49) | 118 | 118 | 118 | 0 | (26) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2029 | 03/20/2029 | 187800 | (6091) | 1046 | (5045) | (5045) | (5045) | 206 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 04/23/2029 | 04/23/2029 | 183400 | 3998 | (859) | 3139 | 3139 | 3139 | 204 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.790 | Annual | 05/07/2029 | 05/07/2029 | 164400 | 3576 | 998 | 4574 | 4574 | 4574 | 187 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | 10/31/2030 | 10/31/2030 | 1500 | 0 | (5) | (5) | (5) | (5) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.547 | Annual | 10/31/2030 | 10/31/2030 | 3700 | 0 | (14) | (14) | (14) | (14) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 10/31/2030 | 10/31/2030 | 3200 | 0 | (12) | (12) | (12) | (12) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.572 | Annual | 10/31/2030 | 10/31/2030 | 3200 | 0 | (15) | (15) | (15) | (15) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 10/31/2030 | 10/31/2030 | 5600 | 0 | (29) | (29) | (29) | (29) | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 | 10/31/2030 | 3900 | 0 | (23) | (23) | (23) | (23) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 | 10/31/2030 | 7100 | 0 | (44) | (44) | (44) | (44) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.602 | Annual | 10/31/2030 | 10/31/2030 | 7100 | 0 | (44) | (44) | (44) | (44) | 11 | 0 |

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------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.606 | Annual | 10/31/2030 | 3200 | 0 | (21) | (21) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 | 3200 | 0 | (23) | (23) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 | 2100 | 0 | (19) | (19) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 | 1600 | 0 | (15) | (15) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.687 | Annual | 10/31/2030 | 2600 | 0 | (26) | (26) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 | 4500 | 0 | (46) | (46) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 | 3400 | 0 | (35) | (35) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.721 | Annual | 10/31/2030 | 2100 | 0 | (25) | (25) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 | 2100 | 0 | (25) | (25) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.727 | Annual | 10/31/2030 | 2100 | 0 | (25) | (25) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.732 | Annual | 10/31/2030 | 1400 | 0 | (17) | (17) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 2100 | 0 | (26) | (26) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 2200 | 0 | (28) | (28) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.749 | Annual | 10/31/2030 | 2100 | 0 | (27) | (27) | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.710 | Annual | 03/12/2031 | 71700 | 1506 | (1962) | (456) | 120 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 3585100 | 14250 | (8910) | 5340 | 0 | (5947) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.013 | Annual | 04/09/2031 | 142000 | 3053 | 1477 | 4530 | 241 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.170 | Annual | 04/15/2031 | 143500 | 3003 | 303 | 3306 | 243 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 04/26/2031 | 112100 | 2479 | (309) | 2170 | 191 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.170 | Annual | 05/01/2031 | 27100 | 573 | 43 | 616 | 46 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 679300 | (2657) | (4037) | (6694) | 1177 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.480 | Annual | 02/07/2032 | 179200 | 2079 | (150) | 1929 | 319 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 1496600 | 140696 | 36871 | 177567 | 2827 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 10/16/2032 | 110000 | (587) | 1888 | 1301 | 201 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.476 | Annual | 10/21/2032 | 115600 | 0 | 882 | 882 | 212 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 391400 | (8578) | 5030 | (3548) | 776 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 | 258700 | 22630 | 3119 | 25749 | 507 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 03/18/2033 | 1313600 | 16978 | (6171) | 10807 | 0 | (2654) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 02/07/2034 | 267500 | 1792 | 3452 | 5244 | 546 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 02/09/2034 | 264500 | 1891 | 3281 | 5172 | 540 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 02/13/2034 | 91900 | 666 | 1129 | 1795 | 188 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 02/14/2034 | 46100 | 410 | 490 | 900 | 94 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 02/22/2034 | 211000 | 1834 | 2258 | 4092 | 432 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/01/2034 | 122500 | 992 | 1375 | 2367 | 251 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/06/2034 | 122500 | 894 | 1473 | 2367 | 252 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.330 | Annual | 09/30/2034 | 99250 | (55) | 3100 | 3045 | 214 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 909400 | (10779) | 9827 | (952) | 2110 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 121100 | 7947 | (2168) | 5779 | 284 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 281300 | 9682 | 3511 | 13193 | 671 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 104260 | (870) | 478 | (392) | 0 | (255) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 341400 | (5850) | 6911 | 1061 | 791 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.660 | Annual | 09/30/2035 | 190000 | 3624 | (1594) | 2030 | 440 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 286600 | (5607) | 6784 | 1177 | 706 | 0 |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | Annual | 12/17/2055 |  | 35250 | 35250 |  | 702 | 702 | 702 |  | 1845 | 1845 |  | 2547 | 2547 |  | 115 | 115 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.150 | Annual | Annual | Annual | 03/18/2030 | EUR | 4900 | 4900 |  | 90 | 90 | 90 |  | 561 | 561 |  | 651 | 651 |  | 3 | 3 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | Annual | 03/18/2036 |  | 18660 | 18660 |  | (34) | (34) | (34) |  | 428 | 428 |  | 394 | 394 |  | 26 | 26 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.250 | Annual | Annual | Annual | 03/18/2050 |  | 2000 | 2000 |  | 111 | 111 | 111 |  | 1109 | 1109 |  | 1220 | 1220 |  | 4 | 4 |  | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **207382** | **207382** | **207382** | $**72391** | **72391** | **72391** | $**279773** | **279773** | **279773** | $**15290** | **15290** | **15290** | $**(9228)** | **(9228)** |
| **(i)** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $22,157 and cash of $147,890 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 01/2026  | 01/2026  | 01/2026  | CAD | 10032 | 10032 | 10032 | 10032 | $ | $ | 7177 | 7177 | 7177 | 7177 | 7177 | 0 | 0 | 0 | 0 | 0 | $(136) | (136) | (136) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | GBP | 5516 | 5516 | 5516 | 5516 |  |  | 7404 | 7404 | 7404 | 7404 | 7404 | 0 | 0 | 0 | 0 | 0 | (31) | (31) | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $1306 | 1306 | 1306 | 1306 | CAD | CAD | 1781 | 1781 | 1781 | 1781 | 1781 | 0 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 01/2026  | 01/2026  | 01/2026  | CAD | 30195 | 30195 | 30195 | 30195 | $ | $ | 21454 | 21454 | 21454 | 21454 | 21454 | 0 | 0 | 0 | 0 | 0 | (557) | (557) | (557) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $1019 | 1019 | 1019 | 1019 | GBP | GBP | 754 | 754 | 754 | 754 | 754 | 0 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 01/2026  | 01/2026  | EUR | 5816 | 5816 | 5816 | 5816 | $ | $ | 6764 | 6764 | 6764 | 6764 | 6764 | 0 | 0 | 0 | 0 | 0 | (74) | (74) | (74) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | $ | $1368 | 1368 | 1368 | 1368 | GBP | GBP | 1012 | 1012 | 1012 | 1012 | 1012 | 0 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 01/2026  | 01/2026  | EUR | 42586 | 42586 | 42586 | 42586 | $ | $ | 49304 | 49304 | 49304 | 49304 | 49304 | 0 | 0 | 0 | 0 | 0 | (764) | (764) | (764) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | 01/2026  | GBP | 92199 | 92199 | 92199 | 92199 |  |  | 121492 | 121492 | 121492 | 121492 | 121492 | 0 | 0 | 0 | 0 | 0 | (2787) | (2787) | (2787) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **0** | **0** | **0** | **0** | **$** | **(4363)** | **(4363)** | **(4363)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Cost |  | Market<br>Value | Market<br>Value |
| BOA | BOA | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.000% | 5.000% | 5.000% | 5.000% | 03/20/2026 | 03/20/2026 | 03/20/2026 | 112100 | 112100 | 112100 | $410 | 410 | 410 | $ | 1 | 1 |
|  |  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.700 | 2.700 | 2.700 | 2.700 | 03/23/2026 | 03/23/2026 | 03/23/2026 | 114300 | 114300 | 114300 | 274 | 274 | 274 |  | 20 | 20 |
|  |  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.000 | 5.000 | 5.000 | 5.000 | 03/30/2026 | 03/30/2026 | 03/30/2026 | 79800 | 79800 | 79800 | 22 | 22 | 22 |  | 1 | 1 |
|  |  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.750 | 4.750 | 4.750 | 4.750 | 04/09/2026 | 04/09/2026 | 04/09/2026 | 58300 | 58300 | 58300 | 33 | 33 | 33 |  | 3 | 3 |
|  |  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.132 | 3.132 | 3.132 | 3.132 | 04/14/2026 | 04/14/2026 | 04/14/2026 | 92400 | 92400 | 92400 | 770 | 770 | 770 |  | 161 | 161 |
|  |  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.500 | 4.500 | 4.500 | 4.500 | 04/17/2026 | 04/17/2026 | 04/17/2026 | 1183100 | 1183100 | 1183100 | 916 | 916 | 916 |  | 312 | 312 |
|  |  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.750 | 4.750 | 4.750 | 4.750 | 05/15/2026 | 05/15/2026 | 05/15/2026 | 1146100 | 1146100 | 1146100 | 791 | 791 | 791 |  | 246 | 246 |
|  |  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.500 | 2.500 | 2.500 | 2.500 | 06/16/2026 | 06/16/2026 | 06/16/2026 | 305000 | 305000 | 305000 | 907 | 907 | 907 |  | 158 | 158 |
|  |  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.600 | 2.600 | 2.600 | 2.600 | 06/17/2026 | 06/17/2026 | 06/17/2026 | 266900 | 266900 | 266900 | 881 | 881 | 881 |  | 189 | 189 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.500 | 5.500 | 5.500 | 5.500 | 01/30/2026 | 01/30/2026 | 01/30/2026 | 166800 | 166800 | 166800 | 700 | 700 | 700 |  | 0 | 0 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.098 | 4.098 | 4.098 | 4.098 | 02/06/2035 | 02/06/2035 | 02/06/2035 | 35100 | 35100 | 35100 | 3117 | 3117 | 3117 |  | 2120 | 2120 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.098 | 4.098 | 4.098 | 4.098 | 02/06/2035 | 02/06/2035 | 02/06/2035 | 35100 | 35100 | 35100 | 3117 | 3117 | 3117 |  | 3357 | 3357 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.260 | 4.260 | 4.260 | 4.260 | 02/13/2035 | 02/13/2035 | 02/13/2035 | 57700 | 57700 | 57700 | 5040 | 5040 | 5040 |  | 3708 | 3708 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.260 | 4.260 | 4.260 | 4.260 | 02/13/2035 | 02/13/2035 | 02/13/2035 | 57700 | 57700 | 57700 | 5040 | 5040 | 5040 |  | 5215 | 5215 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.245 | 4.245 | 4.245 | 4.245 | 02/20/2035 | 02/20/2035 | 02/20/2035 | 57700 | 57700 | 57700 | 4974 | 4974 | 4974 |  | 3668 | 3668 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.245 | 4.245 | 4.245 | 4.245 | 02/20/2035 | 02/20/2035 | 02/20/2035 | 57700 | 57700 | 57700 | 4974 | 4974 | 4974 |  | 5224 | 5224 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.265 | 4.265 | 4.265 | 4.265 | 05/01/2035 | 05/01/2035 | 05/01/2035 | 32400 | 32400 | 32400 | 2869 | 2869 | 2869 |  | 2115 | 2115 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.265 | 4.265 | 4.265 | 4.265 | 05/01/2035 | 05/01/2035 | 05/01/2035 | 32400 | 32400 | 32400 | 2869 | 2869 | 2869 |  | 2953 | 2953 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.470 | 4.470 | 4.470 | 4.470 | 06/04/2035 | 06/04/2035 | 06/04/2035 | 32600 | 32600 | 32600 | 2923 | 2923 | 2923 |  | 2335 | 2335 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.470 | 4.470 | 4.470 | 4.470 | 06/04/2035 | 06/04/2035 | 06/04/2035 | 32600 | 32600 | 32600 | 2923 | 2923 | 2923 |  | 2806 | 2806 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.400 | 4.400 | 4.400 | 4.400 | 06/25/2035 | 06/25/2035 | 06/25/2035 | 129000 | 129000 | 129000 | 11520 | 11520 | 11520 |  | 8984 | 8984 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.400 | 4.400 | 4.400 | 4.400 | 06/25/2035 | 06/25/2035 | 06/25/2035 | 64500 | 64500 | 64500 | 5827 | 5827 | 5827 |  | 5696 | 5696 |

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<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.640 | 07/23/2035 | 128800 | 11581 | 9940 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.640 | 07/23/2035 | 64400 | 5791 | 5297 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.427 | 08/06/2035 | 62200 | 5474 | 4374 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.427 | 08/06/2035 | 62200 | 5474 | 5424 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.656 | 08/20/2035 | 68700 | 5946 | 5279 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.656 | 08/20/2035 | 68700 | 5946 | 5571 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.693 | 08/27/2035 | 43200 | 3722 | 3367 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.693 | 08/27/2035 | 43200 | 3722 | 3462 |
| BRC | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 04/06/2026 | 162400 | 491 | 2 |
| CBK | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.400 | 05/19/2027 | 236100 | 1334 | 1012 |
| DUB | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.104 | 10/18/2027 | 552500 | 856 | 881 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 03/30/2026 | 2653500 | 775 | 23 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.750 | 04/09/2026 | 1135900 | 757 | 67 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.135 | 09/14/2026 | 97400 | 1252 | 502 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.635 | 09/14/2026 | 97400 | 1252 | 1593 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.308 | 05/02/2035 | 24900 | 2215 | 1658 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.308 | 05/02/2035 | 24900 | 2215 | 2243 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.630 | 05/22/2035 | 35800 | 3274 | 2754 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.630 | 05/22/2035 | 35800 | 3274 | 2951 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.520 | 05/29/2035 | 35700 | 3211 | 2612 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.520 | 05/29/2035 | 35700 | 3211 | 3028 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.440 | 06/18/2035 | 50900 | 4553 | 3604 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.440 | 06/18/2035 | 50900 | 4553 | 4424 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.559 | 07/09/2035 | 119800 | 10638 | 8895 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.559 | 07/09/2035 | 59900 | 5319 | 5020 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.460 | 08/06/2035 | 90600 | 7964 | 6455 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.460 | 08/06/2035 | 90600 | 7964 | 7818 |
| FAR | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.250 | 03/03/2026 | 485000 | 199 | 0 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.750 | 02/09/2026 | 132400 | 486 | 3 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 03/30/2026 | 84200 | 328 | 1 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 03/31/2026 | 93000 | 346 | 1 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 5.000 | 04/03/2026 | 150100 | 492 | 2 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.500 | 05/29/2026 | 192500 | 760 | 78 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.073 | 03/07/2035 | 51300 | 4463 | 3050 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.073 | 03/07/2035 | 51300 | 4463 | 4931 |
| GLM | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.104 | 10/18/2027 | 24500 | 38 | 39 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.310 | 04/24/2035 | 34800 | 3080 | 2313 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.310 | 04/24/2035 | 34800 | 3080 | 3125 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.430 | 05/16/2035 | 34900 | 3127 | 2454 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.430 | 05/16/2035 | 34900 | 3127 | 3036 |
| JPM | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.146 | 10/25/2027 | 472500 | 679 | 729 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.750 | 02/05/2026 | 136400 | 559 | 2 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.500 | 02/20/2026 | 201000 | 397 | 2 |

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<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 2.500 | 2.500 | 06/17/2026 | 563000 | 1686 | 296 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.285 | 4.285 | 05/07/2035 | 35400 | 3183 | 2346 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.285 | 4.285 | 05/07/2035 | 35400 | 3183 | 3222 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.458 | 4.458 | 08/01/2035 | 121400 | 10586 | 8613 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.458 | 4.458 | 08/01/2035 | 121400 | 10586 | 10453 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.693 | 4.693 | 08/27/2035 | 53400 | 4600 | 4162 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.693 | 4.693 | 08/27/2035 | 53400 | 4600 | 4280 |
| MYC | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.150 | 3.150 | 06/08/2026 | 173000 | 885 | 568 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.313 | 3.313 | 06/08/2026 | 173000 | 3553 | 905 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.313 | 4.313 | 06/08/2026 | 173000 | 3553 | 263 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.485 | 4.485 | 08/07/2035 | 57000 | 5022 | 4107 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.485 | 4.485 | 08/07/2035 | 57000 | 5022 | 4886 |
| NGF | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.242 | 4.242 | 10/29/2027 | 764700 | 1147 | 1130 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.400 | 4.400 | 06/25/2035 | 148400 | 13252 | 10335 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.400 | 4.400 | 06/25/2035 | 74200 | 6704 | 6552 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.520 | 4.520 | 08/13/2035 | 119400 | 10507 | 8727 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.520 | 4.520 | 08/13/2035 | 119400 | 10507 | 10129 |
|  |  |  |  |  |  |  |  |  | $297861 | $248268 |
| **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** |
| Counterparty | Description | Exercise<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| DUB | Put - OTC 2-Year Interest Rate Floor<sup>(2)</sup> | 0.033% | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 01/26/2027 | 2092000 | $25104 | $3280 |
| NGF | Put - OTC 2-Year Interest Rate Floor<sup>(2)</sup> | 0.033 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 10/01/2027 | 880000 | 21120 | 3815 |
|  |  |  |  |  |  |  |  |  | $46224 | $7095 |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| GSC | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | $97.375 | 97.375 | 02/05/2026 | 02/05/2026 | 95500 | $119 | $16 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | 98.906 | 98.906 | 02/05/2026 | 02/05/2026 | 303000 | 201 | 7 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | 98.922 | 98.922 | 02/05/2026 | 02/05/2026 | 272000 | 181 | 6 |
| JPM | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | 98.906 | 98.906 | 02/05/2026 | 02/05/2026 | 148000 | 93 | 3 |
|  |  |  |  |  |  |  |  |  | $594 | $32 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**344679** | $**255395** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.200% | 3.200% | 03/30/2026 | 3450 | $(23) | $(6) |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.260 | 3.260 | 04/09/2026 | 4700 | (33) | (13) |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.632 | 3.632 | 04/14/2026 | 96300 | (770) | (860) |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.110 | 3.110 | 04/17/2026 | 114500 | (916) | (196) |
| BPS | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.066 | 4.066 | 02/05/2026 | 65400 | (107) | (55) |
| DUB | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.200 | 3.200 | 03/30/2026 | 114650 | (775) | (201) |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.260 | 3.260 | 04/09/2026 | 91600 | (757) | (242) |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| GLM | GLM | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.180 | 4.180 | 02/05/2026 | 02/05/2026 |  | 146800 |  | (132) | (132) | (45) | (45) |
| NGF | NGF | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.186 | 4.186 | 02/05/2026 | 02/05/2026 |  | 163500 |  | (143) | (143) | (48) | (48) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3656) | (3656) | $(1666) | (1666) |
| **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** | **INTEREST RATE-CAPPED OPTIONS** |
| Counterparty | Counterparty | Description | Exercise<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating Rate<br>Index | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| DUB | DUB | Put - OTC 2-Year Interest Rate Floor<sup>(2)</sup> | 0.021% | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 01/26/2027 | 01/26/2027 |  | 2092000 | $ | (9498) | (9498) | $(263) | (263) |
|  |  | Put - OTC 2-Year Interest Rate Floor<sup>(2)</sup> | 0.027 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 01/26/2027 | 01/26/2027 |  | 2092000 |  | (15481) | (15481) | (966) | (966) |
| NGF | NGF | Put - OTC 2-Year Interest Rate Floor<sup>(2)</sup> | 0.019 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 10/01/2027 | 10/01/2027 |  | 880000 |  | (7040) | (7040) | (368) | (368) |
|  |  | Put - OTC 2-Year Interest Rate Floor<sup>(2)</sup> | 0.026 | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | &nbsp;&nbsp;&nbsp;&nbsp; 1-Day USD-SOFR Compounded-OIS | 10/01/2027 | 10/01/2027 |  | 880000 |  | (14080) | (14080) | (1238) | (1238) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (46099) | (46099) | $(2835) | (2835) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BOA | BOA | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | $ | 93.750 | 93.750 | 02/05/2026 | 02/05/2026 |  |  | 77500 | $ | (169) | (169) | $(145) | (145) |
| GSC | GSC | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  |  | 97.375 | 97.375 | 01/07/2026 | 01/07/2026 |  |  | 75500 |  | (208) | (208) | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 02/01/2056  |  | 93.781 | 93.781 | 02/05/2026 | 02/05/2026 |  |  | 80000 |  | (194) | (194) | (155) | (155) |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  |  | 102.250 | 102.250 | 02/05/2026 | 02/05/2026 |  |  | 40000 |  | (97) | (97) | (14) | (14) |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  |  | 102.133 | 102.133 | 03/05/2026 | 03/05/2026 |  |  | 158000 |  | (426) | (426) | (118) | (118) |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  |  | 102.141 | 102.141 | 03/05/2026 | 03/05/2026 |  |  | 237000 |  | (602) | (602) | (180) | (180) |
| JPM | JPM | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 02/01/2056  |  | 102.297 | 102.297 | 02/05/2026 | 02/05/2026 |  |  | 169000 |  | (330) | (330) | (71) | (71) |
| MSC | MSC | Put - OTC Uniform Mortgage-Backed Security, TBA 6.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.500% due 02/01/2056  |  | 103.664 | 103.664 | 02/05/2026 | 02/05/2026 |  |  | 220000 |  | (326) | (326) | (22) | (22) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2352) | (2352) | $(705) | (705) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(52107)** | **(52107)** | $**(5206)** | **(5206)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | ABX.HE.AA.6-1 Index « | ABX.HE.AA.6-1 Index « | ABX.HE.AA.6-1 Index « | ABX.HE.AA.6-1 Index « | 0.320% | 0.320% | Monthly | 07/25/2045 | 07/25/2045 | 07/25/2045 | $1300 | 1300 | (448) | (448) | 339 | 0 | 0 | (109) |
|  | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | 0.110 | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 | 3129 | 3129 | (856) | (856) | 610 | 0 | 0 | (246) |
| BRC | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | 0.110 | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 | 198 | 198 | (58) | (58) | 42 | 0 | 0 | (16) |
| SAL | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | 0.110 | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 | 1981 | 1981 | (485) | (485) | 330 | 0 | 0 | (155) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(1847)** | **(1847)** | **1321** | $**0** | **0** | $**(526)** |
| **(k)** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $27,466 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | 0 | $0 | 0 | $9616 | 9616 | $ | 9616 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 22291 | 22291 | 0 | 0 |  | 22291 |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 122257 | 122257 | 0 | 0 |  | 122257 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Michigan | Michigan | Michigan | Michigan | 0 | 0 | 0 | 0 | 3586 | 3586 | 0 | 0 |  | 3586 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 19643692 | 19643692 | 14752 | 14752 |  | 19658444 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 39641 | 39641 | 0 | 0 |  | 39641 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 3492861 | 3492861 | 91096 | 91096 |  | 3583957 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 | 0 | 179945 | 179945 | 0 | 0 |  | 179945 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 0 | 257360 | 257360 | 0 | 0 |  | 257360 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 0 | 163150 | 163150 | 0 | 0 |  | 163150 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 0 | 939800 | 939800 | 0 | 0 |  | 939800 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 0 | 0 | 372 | 372 | 0 | 0 |  | 372 |  |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 0 | 0 | 3889 | 3889 | 0 | 0 |  | 3889 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 0 | 155281 | 155281 | 6108 | 6108 |  | 161389 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 0 | 1886130 | 1886130 | 116084 | 116084 |  | 2002214 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 0 | 1263 | 1263 | 0 | 0 |  | 1263 |  |
| Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | 0 | 0 | 0 | 0 | 2792 | 2792 | 0 | 0 |  | 2792 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 | 36552 | 36552 | 0 | 0 |  | 36552 |  |
|  |  |  |  | $0 | 0 | 0 | 0 | $26950862 | 26950862 | $237656 | 237656 | $ | 27188518 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $404844 | 404844 | 404844 | 404844 | $0 | 0 | $0 | 0 | $ | 404844 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $404844 | 404844 | 404844 | 404844 | $26950862 | 26950862 | $237656 | 237656 | $ | 27593362 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | 0 | $(4213609) | (4213609) | $0 | 0 | $ | (4213609) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 0 | 15620 | 15620 | 0 | 0 |  | 15620 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 255395 | 255395 | 0 | 0 |  | 255395 |  |
|  |  |  |  | $0 | 0 | 0 | 0 | $271015 | 271015 | $0 | 0 | $ | 271015 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 0 | (11879) | (11879) | 0 | 0 |  | (11879) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (9569) | (9569) | (526) | (526) |  | (10095) |  |
|  |  |  |  | $0 | 0 | 0 | 0 | $(21448) | (21448) | $(526) | (526) | $ | (21974) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | 0 | $249567 | 249567 | $(526) | (526) | $ | 249041 |  |
| Totals | Totals | Totals | Totals | $404844 | 404844 | 404844 | 404844 | $22986820 | 22986820 | $237130 | 237130 | $ | 23628794 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Beginning<br>Balance<br>at 03/31/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| $6784 | $2800 | $0 | $ | 10 | $ | $0 | $ | 22 | $0 | 0 | $0 | 0 | $9616 | $64 |
| 0 | 2298 | 0 |  | 0 |  | 0 |  | (2298) | 14752 | 14752 | 0 | 0 | 14752 | (2298) |
| 304478 | 24513 | (131195) |  | 426 |  | 608 |  | (2258) | 0 | 0 | (105476) | (105476) | 91096 | (231) |
| 0 | 6100 | 0 |  | 0 |  | 0 |  | 8 | 0 | 0 | 0 | 0 | 6108 | 8 |
| 67653 | 111685 | (60355) |  | 40 |  | (555) |  | 654 | 0 | 0 | (3038) | (3038) | 116084 | 1366 |
| $378915 | $147396 | $(191550) | $ | 476 | $ | $53 | $ | (3872) | $14752 | 14752 | $(108514) | (108514) | $237656 | $(1091) |
| **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** | **Financial Derivative Instruments – Liabilities** |
| $(557) | $7 | $(10) | $ | 0 | $ | $136 | $ | (102) | $0 | 0 | $0 | 0 | $(526) | $(14) |

---

------

<br> Schedule of Investments PIMCO Mortgage Opportunities and Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Totals | Totals | $378358 | 147403 | $ | $(191560) | $476 | $189 | $(3974) | $14752 | $(108514) | (108514) | 237130 | $ | (1105) |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $9616 | 9616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.336 - 6.670  | 6.336 - 6.670  | 6.433 | 6.433 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 14752 | 14752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | —  | —  |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 66558 | 66558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.230 - 7.132  | 5.230 - 7.132  | 5.831 | 5.831 |
|  |  |  | 24538 | 24538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 98.444  | 98.444  |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Whole Loan Collateral | &nbsp;&nbsp;&nbsp;&nbsp;Whole Loan Collateral | &nbsp;&nbsp;&nbsp;&nbsp;Whole Loan Collateral | 6108 | 6108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.000  | 100.000  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | 116084 | 116084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.925 - 25.000  | 4.925 - 25.000  | 6.466 | 6.466 |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |
| Over the counter | Over the counter | Over the counter | (526) | (526) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 91.500 - 92.000  | 91.500 - 92.000  | 91.896 | 91.896 |
| Total | Total | Total | $237130 | 237130 |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

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<br> Schedule of Investments PIMCO Municipal Bond Fund December 31, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 89.1% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.7%**  |  |  |
| **Bonnie Brae**<br>7.095% due 06/02/2059 «~ | $31400 | $31846 |
| Total Loan Participations and Assignments (Cost $31,400) |  | 31846 |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Benloch Ranch Improvement Association No. 2** <br>10.000% due 12/01/2051 « | 4732 | 3517 |
| Total Corporate Bonds & Notes (Cost $4,623) |  | 3517 |
| **MUNICIPAL BONDS & NOTES 85.6%**  |  |  |
| **ALABAMA 4.3%**  |  |  |
| **Alabama Economic Settlement Authority Revenue Bonds, Series 2016** <br>4.000% due 09/15/2033 | 550 | 550 |
| **Alabama Housing Finances Authority, Revenue Notes, (HUD Insured), Series 2024** <br>5.000% due 11/01/2027 | 2750 | 2793 |
| **Baldwin County, Alabama Industrial Development Authority Revenue Bonds, Series 2025** <br>4.625% due 06/01/2055 | 4400 | 4422 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021** <br>3.670% (MUNIPSA) due 10/01/2052 ~ | 3500 | 3470 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | 9700 | 10665 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 03/01/2055 | 14000 | 14978 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 15450 | 16535 |
| **Black Belt Energy Gas District, Alabama Revenue Notes, Series 2025** <br>5.000% due 10/01/2035 | 21700 | 22996 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.750% due 04/01/2054 | 3000 | 3324 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.250% due 07/01/2054 | 8700 | 9472 |
| **Mobile County, Alabama Industrial Development Authority Revenue Bonds, Series 2024** <br>5.000% due 06/01/2054 | 14605 | 13965 |
| **Southeast Alabama Gas Supply District Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 8200 | 8803 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 10150 | 10258 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.000% due 01/01/2054 | 3000 | 3173 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 11/01/2035 | 16700 | 17746 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/01/2056  | 12700 | 13242 |
| 5.250% due 03/01/2055  | 26900 | 28400 |
| 5.250% due 11/01/2055  | 3700 | 4071 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Notes, Series 2025** <br>5.000% due 11/01/2035 | 7700 | 8267 |
|  |  | 197130 |
| **ALASKA 0.2%**  |  |  |
| **Municipality of Anchorage, Alaska Solid Waste Services Revenue Bonds, Series 2022** <br>5.250% due 11/01/2062 | 7575 | 7772 |
| **ARIZONA 1.0%**  |  |  |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2025** <br>5.125% due 01/01/2059 | 14675 | 13657 |
| **Chandler Industrial Development Authority, Arizona Revenue Bonds, Series 2019** <br>4.000% due 06/01/2049 | 14200 | 14402 |
| **Maricopa County, Arizona Industrial Development Authority Revenue Bonds, Series 2017** <br>4.000% due 01/01/2041 | 5000 | 4858 |
| **Maricopa County, Arizona Industrial Development Authority Revenue Bonds, Series 2019** <br>4.125% due 09/01/2042 | 2500 | 2400 |
| **Phoenix Civic Improvement Corp. Arizona Revenue Bonds, Series 2019** <br>4.000% due 07/01/2038 | 1250 | 1249 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Salt River Project Agricultural Improvement & Power District, Arizona Revenue Bonds, Series 2025** <br>5.000% due 01/01/2042 | 8000 | 8874 |
|  |  | 45440 |
| **ARKANSAS 0.2%**  |  |  |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2019** <br>4.500% due 09/01/2049 | 3200 | 3111 |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2023** <br>7.375% due 07/01/2048 | 5000 | 5420 |
|  |  | 8531 |
| **CALIFORNIA 5.2%**  |  |  |
| **Alameda Corridor Transportation Authority, California Revenue Bonds, Series 2022** <br>5.350% due 10/01/2048 (d) | 5000 | 2828 |
| **Anaheim Union High School District, California General Obligation Bonds, Series 2025** <br>4.375% due 08/01/2046 | 3000 | 3038 |
| **Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Bonds, (AGM Insured), Series 2024** <br>4.500% due 07/01/2054 | 5500 | 5298 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | 3455 | 3772 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024** <br>5.000% due 05/01/2054 | 11600 | 12439 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2055 | 10700 | 11102 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2002** <br>6.000% due 06/01/2035 | 250 | 250 |
| **California Health Facilities Financing Authority Revenue Bonds, (CM Insured), Series 2020** <br>4.000% due 11/01/2040 | 3500 | 3473 |
| **California Health Facilities Financing Authority Revenue Bonds, Series 2020** <br>4.000% due 04/01/2035 | 1750 | 1800 |
| **California Housing Finance Agency Revenue Bonds, (HUD Insured), Series 2024** <br>5.970% due 11/01/2053 | 9600 | 9673 |
| **California Housing Finance Revenue Bonds, Series 2024** <br>6.000% due 03/01/2053 | 20500 | 20839 |
| **California Housing Finance Revenue Notes, Series 2024** <br>5.870% due 04/01/2029 | 15000 | 15013 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 05/01/2051  | 5000 | 4553 |
| 5.000% due 01/01/2056  | 1250 | 1074 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.875% due 11/01/2043 | 2000 | 2103 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured),Series 2024** <br>4.450% due 12/01/2042 | 2100 | 2119 |
| **California Municipal Finance Authority Revenue Bonds, Series 2018** <br>5.000% due 12/31/2043 | 2000 | 2010 |
| **California Municipal Finance Authority Revenue Bonds, Series 2021** <br>4.000% due 11/01/2036 | 2125 | 2037 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025** <br>4.217% due 11/20/2040 | 9687 | 9707 |
| **California State General Obligation Bonds, Series 2015** <br>3.875% due 12/01/2030 | 3000 | 3000 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2006** <br>4.500% due 11/01/2033 | 6800 | 7145 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2019** <br>4.250% due 11/01/2059 | 5385 | 4768 |
| **CMFA Special Finance Agency, California Revenue Bonds, Series 2021** <br>4.000% due 08/01/2045 | 2725 | 2408 |
| **East Bay Municipal Utility District Water System, California Revenue Notes, Series 2025** <br>5.000% due 06/01/2027 | 5650 | 5884 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 3.714% due 06/01/2041  | 4000 | 3113 |
| 3.850% due 06/01/2050  | 2770 | 2533 |
| 4.214% due 06/01/2050  | 2320 | 1699 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022** <br>5.000% due 06/01/2051 | 1600 | 1581 |
| **Inland Empire Tobacco Securitization Corp. California Revenue Bonds, Series 2019** <br>3.678% due 06/01/2038 | 775 | 751 |
| **Irvine, California Special Tax Bonds, (AGM Insured),Series 2025** <br>5.000% due 09/01/2060 | 3500 | 3637 |
| **Long Beach, California Senior Airport Revenue Refunding Bonds, (AGM Insured), Series 2022** <br>5.250% due 06/01/2047 | 2000 | 2051 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2019** <br>4.000% due 05/15/2049 | 4430 | 3991 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2022** <br>5.500% due 05/15/2039 | 5000 | 5534 |
| **Los Angeles Department of Airports, California Revenue Notes, Series 2025**  |  |  |
| 5.000% due 05/15/2030  | 3425 | 3725 |
| 5.000% due 05/15/2035  | 1250 | 1433 |
| **Merced City School District, California General Obligation Bonds, Series 2025**  |  |  |
| 5.000% due 08/01/2050  | 2500 | 2649 |
| 5.000% due 08/01/2054  | 4740 | 5003 |
| **Rio Hondo Community College District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2046 (c) | 5000 | 1855 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Riverside Unified School District, California Special Tax Bonds, Series 2024** <br>5.000% due 09/01/2049 | 1050 | 1066 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2021** <br>5.000% due 07/01/2051 | 4500 | 4557 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2023** <br>5.250% due 07/01/2058 | 17810 | 18461 |
| **San Diego Unified School District, California General Obligation Bonds, Series 2024** <br>4.000% due 07/01/2054 | 3565 | 3359 |
| **San Francisco Unified School District, California General Obligation Bonds, Series 2025**  |  |  |
| 5.000% due 06/15/2042  | 2675 | 2927 |
| 5.000% due 06/15/2043  | 1855 | 2013 |
| 5.000% due 06/15/2044  | 1250 | 1345 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2024** <br>5.000% due 05/01/2035 | 5560 | 6252 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2025** <br>5.000% due 05/01/2034 | 7700 | 8709 |
| **University of California Revenue Bonds, Series 2022** <br>5.000% due 05/15/2052 | 13000 | 13548 |
|  |  | 238125 |
| **COLORADO 2.5%**  |  |  |
| **Board of Governors of Colorado State University System Revenue Bonds, Series 2017** <br>4.000% due 03/01/2045 | 2000 | 1864 |
| **Colorado Bridge & Tunnel Enterprise Revenue Bonds, (AGC Insured), Series 2025** <br>5.250% due 12/01/2050 | 5500 | 5832 |
| **Colorado Bridge & Tunnel Enterprise Revenue Bonds, (AGM Insured), Series 2024** <br>5.250% due 12/01/2049 | 3500 | 3725 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 11/15/2043  | 13000 | 12282 |
| 4.000% due 08/01/2044  | 4915 | 4464 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 11/01/2040  | 3925 | 4170 |
| 5.250% due 11/01/2039  | 2000 | 2179 |
| **Colorado Health Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 09/01/2035 | 6000 | 6846 |
| **Colorado Housing and Finance Authority Revenue Bonds, Series 2024** <br>6.350% due 06/01/2054 | 7500 | 7439 |
| **Colorado School of Mines Revenue Bonds, Series 2024** <br>5.000% due 12/01/2054 | 7000 | 7264 |
| **Colorado State Building Excellent School Certificates of Participation Bonds, Series 2018** <br>4.000% due 03/15/2043 | 5515 | 5424 |
| **Colorado State Certificates of Participation Bonds, Series 2017** <br>4.000% due 03/15/2042 | 15500 | 15465 |
| **Crowfoot Valley Ranch Metropolitan District No 2, Colorado General Obligation Bonds, (BAM Insured), Series 2024** <br>5.000% due 12/01/2044 | 1250 | 1293 |
| **Denver Health & Hospital Authority, Colorado Revenue Bonds, Series 2025**  |  |  |
| 5.125% due 12/01/2050  | 1000 | 1009 |
| 6.000% due 12/01/2055  | 2500 | 2692 |
| **Denver, Colorado City & County Revenue Bonds, (FNMA Insured), Series 2025** <br>4.700% due 10/01/2042 | 2000 | 2127 |
| **Denver, Colorado Pledged Excise Tax City & County Revenue Bonds, Series 2016** <br>4.000% due 08/01/2046 | 8435 | 8035 |
| **Dominion Water & Sanitation District, Colorado Revenue Bonds, Series 2022** <br>5.875% due 12/01/2052 | 9943 | 10166 |
| **E-470 Public Highway Authority, Colorado Revenue Bonds, Series 2020** <br>5.000% due 09/01/2035 | 1250 | 1361 |
| **Public Authority for Colorado Energy Revenue Bonds, Series 2008** <br>6.500% due 11/15/2038 | 6930 | 8376 |
| **Regional Transportation District, Colorado Revenue Bonds, Series 2020** <br>4.000% due 07/15/2040 | 1300 | 1267 |
|  |  | 113280 |
| **CONNECTICUT 0.2%**  |  |  |
| **Connecticut Special Tax Revenue State Special Tax Bonds, Series 2020** <br>5.000% due 05/01/2031 | 3500 | 3863 |
| **Connecticut State General Obligation Bonds, Series 2018** <br>4.000% due 06/15/2037 | 1875 | 1898 |
| **Connecticut State General Obligation Bonds, Series 2019** <br>4.000% due 04/15/2038 | 2000 | 2026 |
| **University of Connecticut Revenue Bonds, Series 2023** <br>5.250% due 11/15/2048 | 1710 | 1833 |
|  |  | 9620 |
| **DELAWARE 0.2%**  |  |  |
| **Affordable Housing Opportunities Trust, Delaware Revenue Bonds, Series 2022**  |  |  |
| 3.301% due 12/01/2039  | 1008 | 892 |
| 3.401% due 12/01/2039  | 8000 | 7085 |
| 7.120% due 12/01/2039  | 1415 | 1356 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.650% due 12/01/2039  | 180 | 180 |
|  |  | 9513 |
| **DISTRICT OF COLUMBIA 1.8%**  |  |  |
| **District of Columbia General Obligation Bonds, Series 2016** <br>4.000% due 06/01/2041 | 11665 | 11546 |
| **District of Columbia Income Tax Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 06/01/2041  | 5000 | 5566 |
| 5.000% due 06/01/2043  | 9000 | 9784 |
| 5.000% due 06/01/2045  | 10000 | 10678 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2018** <br>5.000% due 10/01/2048 | 4050 | 4080 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 10/01/2039  | 2500 | 2701 |
| 5.250% due 10/01/2041  | 2000 | 2169 |
| 5.250% due 10/01/2045  | 4375 | 4589 |
| 5.250% due 10/01/2046  | 2000 | 2089 |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2023** <br>4.125% due 07/15/2047 | 1790 | 1694 |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 07/15/2054  | 14900 | 15310 |
| 5.000% due 07/15/2056  | 10250 | 10510 |
|  |  | 80716 |
| **FLORIDA 3.4%**  |  |  |
| **Capital Trust Agency, Inc., Florida Revenue Bonds, Series 2020** <br>4.500% due 01/01/2035 | 1235 | 1215 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2023** <br>6.000% due 06/15/2043 | 1250 | 1284 |
| **Collier County, Florida Industrial Development Authority Revenue Bonds, (AGM Insured), Series 2024** <br>5.000% due 10/01/2049 | 1500 | 1541 |
| **Florida Department of Transportation Turnpike System State Revenue Bonds, Series 2024** <br>4.000% due 07/01/2051 | 2000 | 1872 |
| **Florida Development Finance Corp. Revenue Bonds, (AGM Insured), Series 2024**  |  |  |
| 5.000% due 07/01/2044  | 5000 | 4914 |
| 5.250% due 07/01/2047  | 6600 | 6498 |
| 5.250% due 07/01/2053  | 25650 | 25258 |
| **Florida Development Finance Corp. Revenue Bonds, Series 2021** <br>4.000% due 11/15/2035 | 1850 | 1895 |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2017** <br>5.000% due 10/01/2052 | 4275 | 4279 |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2022** <br>5.000% due 10/01/2033 | 2000 | 2190 |
| **Hernando County, Florida Revenue Bonds, Series 2022** <br>5.250% due 06/01/2052 | 2000 | 2077 |
| **Highlands County, Florida Health Facilities Authority Revenue Bonds, Series 2024** <br>5.000% due 11/15/2059 | 7000 | 7746 |
| **Hillsborough County, Florida Industrial Development Authority Revenue Bonds, Series 2024** <br>2.500% due 11/15/2054 | 10550 | 10550 |
| **Jacksonville, Florida Revenue Bonds, Series 2023** <br>5.000% due 10/01/2043 | 5000 | 5352 |
| **Lakes of Sarasota Community Development District, Florida Revenue Bonds, Series 2018** <br>5.000% due 07/01/2041 | 7000 | 7165 |
| **Lee County, Florida Airport Revenue Bonds, Series 2024** <br>5.250% due 10/01/2038 | 1000 | 1115 |
| **Miami World Center Community Development District, Florida Special Assessment Bonds, Series 2017** <br>4.750% due 11/01/2027 | 865 | 880 |
| **Miami-Dade County, Florida Housing Finance Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.880% due 03/01/2046 | 1900 | 1897 |
| **Miami-Dade County, Florida Transit System Revenue Bonds, Series 2022** <br>5.000% due 07/01/2051 | 2605 | 2661 |
| **Miami-Dade County, Florida Water & Sewer System Revenue Bonds, Series 2019** <br>4.000% due 10/01/2049 | 2500 | 2291 |
| **Miami-Dade County, Florida Water & Sewer System Revenue Bonds, Series 2024** <br>4.125% due 10/01/2050 | 1300 | 1213 |
| **Miami-Dade Seaport Department, Florida Revenue Bonds, Series 2023** <br>5.000% due 10/01/2035 | 1650 | 1790 |
| **Okaloosa County, Florida School Board Certificates of Participation Bonds, (AGC Insured), Series 2024** <br>5.000% due 10/01/2049 | 2800 | 2899 |
| **Orange County Health Facilities Authority, Florida Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 10/01/2041  | 1000 | 1076 |
| 5.000% due 10/01/2053  | 4000 | 4084 |
| **Orange County Health Facilities Authority, Florida Revenue Bonds, Series 2024** <br>5.000% due 08/01/2054 | 1650 | 1627 |
| **Orange County, Florida Health Facilities Authority Revenue Bonds, Series 2019** <br>4.000% due 10/01/2049 | 3300 | 2908 |
| **Orange County, Florida School Board Certificates of Participation Notes, Series 2024** <br>5.000% due 08/01/2034 | 9005 | 10437 |
| **Osceola County, Florida Transportation Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 10/01/2030 (c)  | 1200 | 1002 |
| 0.000% due 10/01/2033 (c)  | 1680 | 1231 |
| **School Board of Miami-Dade County, Florida General Obligation Bonds, (BAM Insured), Series 2022** <br>5.000% due 03/15/2052 | 5000 | 5112 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **School Board of Miami-Dade County, Florida General Obligation Bonds, Series 2017** <br>4.000% due 03/15/2042 | 24700 | 24731 |
| **South Miami Health Facilities Authority Inc, Florida Revenue Bonds, Series 2017** <br>4.000% due 08/15/2042 | 2040 | 1972 |
| **Tampa, Florida Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 09/01/2035 (c)  | 750 | 518 |
| 0.000% due 09/01/2036 (c)  | 800 | 524 |
| 0.000% due 09/01/2038 (c)  | 1000 | 586 |
| 0.000% due 09/01/2045 (c)  | 850 | 314 |
| 4.000% due 07/01/2039  | 1200 | 1196 |
| **Tampa-Hillsborough County, Florida Expressway Authority Revenue Bonds, Series 2017** <br>4.000% due 07/01/2042 | 2250 | 2253 |
|  |  | 158153 |
| **GEORGIA 2.0%**  |  |  |
| **Atlanta Department of Aviation, Georgia Revenue Bonds, Series 2023** <br>5.000% due 07/01/2053 | 1270 | 1289 |
| **Atlanta Urban Residential Finance Authority, Georgia Revenue Bonds, (FNMA Insured), Series 2024** <br>4.370% due 05/01/2044 | 6450 | 6343 |
| **Brookhaven Development Authority, Georgia Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 07/01/2034  | 1000 | 1076 |
| 5.000% due 07/01/2037  | 500 | 533 |
| **Burke County, Georgia Development Authority Revenue Bonds, Series 2017** <br>4.125% due 11/01/2045 | 1000 | 942 |
| **Columbia County Hospital Authority, Georgia Revenue Bonds, Series 2023** <br>5.125% due 04/01/2048 | 10000 | 10333 |
| **DeKalb County, Georgia Water & Sewerage Revenue Bonds, Series 2025** <br>5.000% due 10/01/2055 | 7800 | 8118 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023** <br>5.000% due 06/01/2053 | 5000 | 5273 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2054  | 3700 | 3977 |
| 5.000% due 12/01/2054  | 3600 | 3854 |
| 5.000% due 05/01/2055  | 1800 | 1921 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 17500 | 18648 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2015** <br>5.000% due 07/01/2060 | 6000 | 5925 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 01/01/2049  | 9060 | 9064 |
| 5.000% due 01/01/2063  | 3340 | 3297 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2020** <br>5.000% due 01/01/2045 | 2000 | 2045 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2022** <br>4.500% due 07/01/2063 | 5000 | 4827 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 01/01/2039  | 1000 | 1094 |
| 5.250% due 01/01/2049  | 5000 | 5221 |
|  |  | 93780 |
| **HAWAII 0.0%**  |  |  |
| **Hawaii Airports System State Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 1500 | 1510 |
| **IDAHO 0.0%**  |  |  |
| **Idaho Health Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 03/01/2040 | 2000 | 2222 |
| **ILLINOIS 5.7%**  |  |  |
| **Chicago Board of Education, Illinois General Obligation Bonds, (BAM Insured), Series 2022** <br>4.000% due 12/01/2036 | 2000 | 1959 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2025** <br>6.250% due 12/01/2050 | 22500 | 23525 |
| **Chicago Midway International Airport, Illinois Revenue Bonds, Series 2024** <br>5.000% due 01/01/2037 | 3500 | 3783 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2017** <br>5.000% due 01/01/2047 | 15000 | 15001 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2022** <br>5.250% due 01/01/2053 | 5000 | 5077 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 01/01/2048  | 4500 | 4647 |
| 5.250% due 01/01/2041  | 1000 | 1089 |
| 5.250% due 01/01/2042  | 1000 | 1076 |
| 5.250% due 01/01/2048  | 1470 | 1513 |
| **Chicago O'Hare International Airport, Illinois Revenue Notes, Series 2024** <br>5.000% due 01/01/2033 | 5405 | 5990 |
| **Chicago Transit Authority Sales Tax Receipts Fund, Illinois Revenue Bonds, Series 2024** <br>5.000% due 12/01/2049 | 8000 | 8295 |
| **Chicago, Illinois General Obligation Bonds, Series 2019** <br>5.500% due 01/01/2035 | 1610 | 1676 |
| **DeKalb County, Illinois Community Unit School District No 428, DeKalb General Obligation Debt Certificates Bonds, Series 2023** <br>5.000% due 01/01/2041 | 1530 | 1611 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Du Page & Will Counties Community School District No 204 Indian Prairie, Illinois General Obligation Bonds, Series 2025** <br>5.000% due 01/15/2040 | 6000 | 6649 |
| **Illinois Finance Authority Revenue Bonds, Series 2010** <br>4.800% due 12/01/2043 | 4800 | 4959 |
| **Illinois Finance Authority Revenue Bonds, Series 2014** <br>4.000% due 08/01/2038 | 3090 | 3005 |
| **Illinois Finance Authority Revenue Bonds, Series 2016**  |  |  |
| 4.000% due 02/15/2036  | 3290 | 3336 |
| 5.000% due 02/15/2029  | 4500 | 4607 |
| **Illinois Finance Authority Revenue Bonds, Series 2018** <br>5.000% due 05/15/2043 | 7600 | 7746 |
| **Illinois Finance Authority Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 11/01/2035 ^(b)  | 2800 | 1939 |
| 5.000% due 11/01/2049 ^(b)  | 2500 | 1731 |
| **Illinois Finance Authority Revenue Bonds, Series 2020** <br>4.000% due 08/15/2041 | 5000 | 4839 |
| **Illinois Finance Authority Revenue Bonds, Series 2021**  |  |  |
| 2.450% due 07/15/2055  | 10300 | 10300 |
| 4.000% due 05/01/2045  | 3830 | 3379 |
| **Illinois Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 08/15/2039  | 3000 | 3316 |
| 5.000% due 08/15/2040  | 2000 | 2184 |
| 5.000% due 08/15/2041  | 2500 | 2693 |
| 5.000% due 08/15/2043  | 6500 | 6974 |
| **Illinois Finance Authority Revenue Notes, Series 2024** <br>5.000% due 11/15/2034 | 4000 | 4468 |
| **Illinois Sales Tax State Revenue Bonds, Series 2016** <br>3.000% due 06/15/2033 | 1000 | 955 |
| **Illinois Sales Tax State Revenue Bonds, Series 2025** <br>5.000% due 06/15/2038 | 12500 | 13818 |
| **Illinois State General Obligation Bonds, Series 2016** <br>4.000% due 06/01/2037 | 3300 | 3293 |
| **Illinois State General Obligation Bonds, Series 2018**  |  |  |
| 4.625% due 05/01/2037  | 890 | 904 |
| 5.000% due 10/01/2033  | 1610 | 1685 |
| **Illinois State General Obligation Bonds, Series 2020**  |  |  |
| 4.000% due 10/01/2034  | 1350 | 1373 |
| 4.000% due 10/01/2035  | 8000 | 8047 |
| **Illinois State General Obligation Bonds, Series 2023** <br>5.000% due 12/01/2043 | 10450 | 10858 |
| **Illinois State General Obligation Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2037  | 2900 | 3196 |
| 5.000% due 02/01/2039  | 5000 | 5434 |
| 5.250% due 05/01/2042  | 12000 | 12877 |
| **Illinois State General Obligation Bonds, Series 2025** <br>5.000% due 09/01/2042 | 14800 | 15614 |
| **Illinois State Toll Highway Authority Revenue Bonds, Series 2015** <br>5.000% due 01/01/2040 | 4280 | 4284 |
| **Illinois State Toll Highway Authority Revenue Bonds, Series 2020** <br>5.000% due 01/01/2045 | 2340 | 2421 |
| **Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, (NPFGC Insured), Series 2002** <br>0.000% due 12/15/2037 (c) | 4500 | 2824 |
| **Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, Series 2020** <br>4.000% due 06/15/2050 | 15480 | 13476 |
| **Railsplitter Tobacco Settlement Authority, Illinois Revenue Notes, Series 2017** <br>5.000% due 06/01/2028 | 2250 | 2272 |
| **Regional Transportation Authority, Illinois Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 06/01/2039  | 3200 | 3594 |
| 5.000% due 06/01/2040  | 3885 | 4304 |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, Series 2018**  |  |  |
| 4.000% due 01/01/2048  | 4350 | 3871 |
| 5.000% due 01/01/2037  | 1150 | 1182 |
|  |  | 263649 |
| **INDIANA 1.5%**  |  |  |
| **Indiana Finance Authority Revenue Bonds, (AGC Insured), Series 2025** <br>6.028% due 07/01/2060 | 8150 | 7877 |
| **Indiana Finance Authority Revenue Bonds, Series 2010** <br>2.500% due 11/01/2030 | 2240 | 2148 |
| **Indiana Finance Authority Revenue Bonds, Series 2012**  |  |  |
| 3.000% due 11/01/2030  | 4385 | 4291 |
| 4.250% due 11/01/2030  | 15835 | 16276 |
| **Indiana Finance Authority Revenue Bonds, Series 2019** <br>7.000% due 03/01/2039 ^(b) | 5595 | 280 |
| **Indiana Finance Authority Revenue Bonds, Series 2023** <br>5.000% due 02/01/2036 | 2200 | 2501 |
| **Indiana Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 07/01/2049 | 1500 | 1510 |
| **Indiana Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2063 | 6500 | 7158 |
| **Indianapolis Local Public Improvement Bond Bank, Indiana Revenue Bonds, Series 2022** <br>5.250% due 01/01/2048 | 2150 | 2244 |
| **Indianapolis Local Public Improvement Bond Bank, Indiana Revenue Bonds, Series 2023**  |  |  |
| 5.500% due 03/01/2038  | 2150 | 2337 |
| 6.000% due 03/01/2053  | 5000 | 5216 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mount Vernon, Indiana Revenue Bonds, Series 2015** <br>4.250% due 09/01/2055 | 2000 | 2027 |
| **Warrick County, Indiana Revenue Bonds, Series 2015** <br>4.250% due 09/01/2055 | 2000 | 2027 |
| **Whiting, Indiana Revenue Bonds, Series 2008** <br>4.200% due 06/01/2044 | 3980 | 4187 |
| **Whiting, Indiana Revenue Bonds, Series 2016** <br>4.400% due 03/01/2046 | 10500 | 11024 |
|  |  | 71103 |
| **IOWA 0.2%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022**  |  |  |
| 4.000% due 12/01/2050  | 7000 | 7616 |
| 5.000% due 12/01/2050  | 1700 | 1957 |
|  |  | 9573 |
| **KENTUCKY 1.4%**  |  |  |
| **Kenton County, Kentucky Airport Board Revenue Bonds, Series 2024** <br>5.250% due 01/01/2049 | 5000 | 5170 |
| **Kentucky Bond Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 08/15/2055 | 8350 | 9294 |
| **Kentucky Economic Development Finance Authority Revenue Bonds, Series 2021** <br>5.000% due 07/01/2050 | 1670 | 1385 |
| **Kentucky Public Energy Authority Revenue Bonds, Series 2024** <br>5.000% due 01/01/2055 | 3600 | 3875 |
| **Kentucky Public Energy Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 05/01/2036  | 25950 | 27584 |
| 5.250% due 06/01/2055  | 3200 | 3386 |
| **Kentucky State Property & Building Commission Revenue Bonds, Series 2019** <br>4.000% due 11/01/2035 | 1000 | 1016 |
| **Louisville/Jefferson County Metropolitan Government, Kentucky Revenue Bonds, Series 2025** <br>5.000% due 05/15/2050 | 4610 | 4824 |
| **Trimble County, Kentucky Revenue Bonds, Series 2023** <br>4.700% due 06/01/2054 | 7000 | 7053 |
| **Warren County, Kentucky Revenue Bonds, Series 2024** <br>5.250% due 04/01/2054 | 2000 | 2075 |
|  |  | 65662 |
| **LOUISIANA 0.6%**  |  |  |
| **Louisiana Public Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 05/15/2030 | 9100 | 9850 |
| **Louisiana Stadium and Exposition District Revenue Bonds, Series 2023** <br>5.000% due 07/01/2041 | 1500 | 1612 |
| **New Orleans Aviation Board, Louisiana Revenue Bonds, Series 2024** <br>5.250% due 01/01/2042 | 17180 | 18382 |
|  |  | 29844 |
| **MAINE 0.2%**  |  |  |
| **Maine Finance Authority Revenue Bonds, (AGM Insured), Series 2023**  |  |  |
| 3.750% due 12/01/2033  | 1560 | 1542 |
| 4.000% due 12/01/2034  | 1580 | 1568 |
| 4.000% due 12/01/2035  | 1395 | 1372 |
| 4.000% due 12/01/2036  | 1460 | 1421 |
| 4.250% due 12/01/2037  | 1440 | 1437 |
| **Maine Finance Authority Revenue Notes, (AGM Insured), Series 2023** <br>5.000% due 12/01/2032 | 1670 | 1795 |
|  |  | 9135 |
| **MARYLAND 0.5%**  |  |  |
| **Maryland Department of Transportation State Revenue Bonds, (AGC/CR Insured), Series 2021** <br>4.000% due 08/01/2051 | 4580 | 4052 |
| **Maryland Economic Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2048 | 8000 | 8383 |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, (AGC Insured), Series 2025**  |  |  |
| 5.000% due 07/01/2043  | 2000 | 2155 |
| 5.000% due 07/01/2044  | 3500 | 3730 |
| 5.000% due 07/01/2045  | 2545 | 2688 |
|  |  | 21008 |
| **MASSACHUSETTS 1.9%**  |  |  |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2017** <br>4.000% due 02/01/2041 | 3435 | 3436 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2018** <br>4.000% due 05/01/2040 | 2000 | 2003 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2022**  |  |  |
| 5.000% due 10/01/2052  | 5000 | 5157 |
| 5.000% due 11/01/2052  | 4200 | 4333 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2025**  |  |  |
| 5.000% due 04/01/2046  | 2010 | 2145 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 04/01/2047  | 8000 | 8466 |
| 5.000% due 08/01/2048  | 12900 | 13625 |
| **Commonwealth of Massachusetts Transportation Fund Revenue Bonds, Series 2022** <br>5.000% due 06/01/2050 | 15000 | 15389 |
| **Massachusetts Development Finance Agency Revenue Bonds, (AGM Insured), Series 2025** <br>5.000% due 07/01/2050 | 11600 | 11968 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2016** <br>5.000% due 01/01/2047 | 2500 | 2433 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2019** <br>3.920% (MUNIPSA) due 07/01/2049 ~ | 1000 | 1000 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2024** <br>4.000% due 03/01/2054 | 4000 | 3757 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2025**  |  |  |
| 5.250% due 07/01/2055  | 4000 | 3943 |
| 5.500% due 07/01/2045  | 2250 | 2322 |
| **Massachusetts Port Authority Revenue Bonds, Series 2022** <br>5.000% due 07/01/2035 | 1350 | 1488 |
| **University of Massachusetts Building Authority Revenue Bonds, Series 2017** <br>5.000% due 11/01/2036 | 6300 | 6510 |
|  |  | 87975 |
| **MICHIGAN 1.6%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | 12628 | 9901 |
| **Detroit, Michigan General Obligation Notes, Series 2023** <br>5.250% due 05/01/2033 | 800 | 900 |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006** <br>3.445% (TSFR3M) due 07/01/2032 ~ | 3750 | 3739 |
| **Ferris State University, Michigan Revenue Bonds, Series 2016** <br>5.000% due 10/01/2041 | 1420 | 1434 |
| **Grand Rapids, Michigan General Obligation Bonds, Series 2025** <br>5.000% due 04/01/2050 | 3435 | 3602 |
| **Michigan Finance Authority Revenue Bonds, Series 2019** <br>4.000% due 02/15/2050 | 8125 | 7123 |
| **Michigan Finance Authority Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2065 (c)  | 26500 | 2679 |
| 5.000% due 06/01/2040  | 2500 | 2549 |
| **Michigan State Building Authority Revenue Bonds, Series 2022** <br>5.000% due 10/15/2047 | 3500 | 3636 |
| **Michigan State Building Authority Revenue Bonds, Series 2023** <br>4.000% due 10/15/2047 | 2185 | 2062 |
| **Michigan State Hospital Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 08/15/2055 | 17150 | 19225 |
| **Michigan Trunk Line State Revenue Bonds, Series 2021** <br>4.000% due 11/15/2046 | 5320 | 5050 |
| **Wayne County, Michigan Airport Authority Revenue Bonds, (AGM Insured), Series 2023**  |  |  |
| 5.250% due 12/01/2035  | 1625 | 1838 |
| 5.250% due 12/01/2036  | 1710 | 1919 |
| **Wayne County, Michigan Airport Authority Revenue Notes, (AGM Insured), Series 2023**  |  |  |
| 5.000% due 12/01/2029  | 1265 | 1355 |
| 5.000% due 12/01/2032  | 1405 | 1567 |
| **Western Michigan University Revenue Bonds, (AGC Insured), Series 2025**  |  |  |
| 5.250% due 11/15/2049  | 1000 | 1061 |
| 5.250% due 11/15/2054  | 3750 | 3952 |
|  |  | 73592 |
| **MINNESOTA 0.9%**  |  |  |
| **Duluth Economic Development Authority, Minnesota Revenue Bonds, Series 2018** <br>5.000% due 02/15/2048 | 4600 | 4640 |
| **Housing & Redevelopment Authority of The City of St Paul Minnesota Revenue Notes, Series 2025**  |  |  |
| 5.000% due 07/01/2029  | 4000 | 4279 |
| 5.000% due 07/01/2032  | 3000 | 3339 |
| **Minneapolis, Minnesota Revenue Bonds, Series 2018** <br>5.000% due 11/15/2049 | 5060 | 4933 |
| **Minneapolis-St Paul Metropolitan Airports Commission, Minnesota Revenue Bonds, Series 2022** <br>5.000% due 01/01/2035 | 1350 | 1470 |
| **Minneapolis-St Paul Metropolitan Airports Commission, Minnesota Revenue Notes, Series 2022** <br>5.000% due 01/01/2032 | 1075 | 1190 |
| **Minnesota Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.500% due 01/01/2055 | 9730 | 10943 |
| **Rochester, Minnesota Revenue Bonds, Series 2022** <br>4.000% due 11/15/2039 | 5440 | 5600 |
| **St Cloud, Minnesota Revenue Bonds, Series 2019** <br>5.000% due 05/01/2048 | 3700 | 3746 |
|  |  | 40140 |
| **MISSISSIPPI 0.1%**  |  |  |
| **Mississippi Development Bank Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 03/01/2041  | 1000 | 1071 |
| 5.000% due 03/01/2042  | 1000 | 1064 |
| 5.000% due 03/01/2043  | 1000 | 1055 |
| 5.000% due 03/01/2044  | 1000 | 1048 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 03/01/2045  | 1000 | 1042 |
|  |  | 5280 |
| **MISSOURI 0.7%**  |  |  |
| **Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2012** <br>4.000% due 11/15/2042 | 5500 | 5268 |
| **Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2019** <br>4.000% due 10/01/2033 | 2440 | 2500 |
| **Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/15/2041  | 800 | 862 |
| 5.000% due 11/15/2042  | 700 | 745 |
| 5.000% due 11/15/2043  | 820 | 863 |
| 5.000% due 11/15/2044  | 2850 | 2974 |
| **Kansas City Industrial Development Authority, Missouri Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 03/01/2032  | 4630 | 4883 |
| 5.000% due 03/01/2054  | 7000 | 6972 |
| **Missouri Development Finance Board Revenue Bonds, Series 2022** <br>5.750% due 05/01/2052 | 3000 | 3167 |
| **Missouri Housing Development Commission Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.250% due 05/01/2056 | 3500 | 3921 |
|  |  | 32155 |
| **MULTI-STATE 2.4%**  |  |  |
| **Douglas County, Georgia Housing Authority Multifamly Tax-Exempt Bonds, (FNMA Insured), Series 2024** <br>4.375% due 04/01/2043 | 3000 | 3051 |
| **FHLMC Multifamily VRD Certificates, New York Revenue Bonds, Series 2025** <br>4.604% due 06/25/2042 | 5296 | 5377 |
| **FHLMC Multifamily VRD Certificates, Revenue Bonds, Series 2025** <br>0.000% due 01/25/2043 | 19834 | 20208 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 3.996% due 12/25/2036  | 18410 | 18471 |
| 4.140% due 01/25/2040  | 9748 | 9514 |
| 4.415% due 08/25/2040  | 19021 | 19254 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024**  |  |  |
| 4.519% due 08/25/2041 ~  | 17975 | 18213 |
| 4.547% due 10/25/2040  | 11951 | 12221 |
| 4.564% due 04/25/2042 ~  | 6264 | 6323 |
|  |  | 112632 |
| **NEBRASKA 0.1%**  |  |  |
| **Nebraska Investment Finance Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>5.000% due 03/01/2049 | 2250 | 2311 |
| **NEVADA 0.1%**  |  |  |
| **Las Vegas Valley Water District, Nevada General Obligation Bonds, Series 2022** <br>4.000% due 06/01/2047 | 2000 | 1909 |
| **Reno, Nevada Revenue Bonds, (AGM Insured), Series 2018** <br>4.000% due 06/01/2048 | 1000 | 938 |
| **Washoe County, Nevada Revenue Bonds, Series 2016** <br>4.125% due 03/01/2036 | 2500 | 2556 |
|  |  | 5403 |
| **NEW HAMPSHIRE 2.1%**  |  |  |
| **New Hampshire Business Finance Authority Affordable Housing Bonds, (HUD Insured), Series 2024** <br>4.150% due 10/20/2040 | 9754 | 9764 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 3.787% due 09/20/2034  | 3819 | 3693 |
| 3.875% due 01/20/2038  | 9708 | 9386 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2024** <br>0.506% due 08/20/2039 (a) | 14733 | 573 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 4.086% due 01/20/2041 ~  | 18479 | 18329 |
| 4.086% due 11/20/2042  | 18038 | 17617 |
| 4.794% due 02/20/2041  | 15889 | 16666 |
| **New Hampshire Health and Education Facilities Authority Act Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 08/01/2036  | 3255 | 3715 |
| 5.000% due 08/01/2037  | 2500 | 2830 |
| 5.250% due 08/01/2055  | 5000 | 5189 |
| **New Hampshire Housing Finance Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.500% due 07/01/2055 | 9880 | 11125 |
|  |  | 98887 |
| **NEW JERSEY 0.7%**  |  |  |
| **Atlantic City, New Jersey General Obligation Bonds, (BAM Insured), Series 2017** <br>5.000% due 03/01/2037 | 1000 | 1019 |
| **New Jersey Economic Development Authority Revenue Bonds, Series 1998** <br>6.500% due 04/01/2031 | 300 | 302 |
| **New Jersey Economic Development Authority Revenue Bonds, Series 2021** <br>4.000% due 06/15/2041 | 1000 | 987 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New Jersey Housing & Mortgage Finance Agency Revenue Bonds, Series 2025** <br>6.500% due 04/01/2056 | 4600 | 5169 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2010** <br>0.000% due 12/15/2032 (c) | 4550 | 3653 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 06/15/2038  | 2000 | 2022 |
| 4.000% due 06/15/2050  | 1000 | 900 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2023** <br>5.000% due 06/15/2038 | 5000 | 5544 |
| **New Jersey Transportation Trust Fund Authority Revenue Notes, Series 2018** <br>5.000% due 12/15/2028 | 2155 | 2301 |
| **New Jersey Transportation Trust Fund Authority Revenue Notes, Series 2019** <br>5.000% due 12/15/2028 | 1100 | 1175 |
| **New Jersey Turnpike Authority Revenue Bonds, Series 2025** <br>5.000% due 01/01/2043 | 3000 | 3262 |
| **Tobacco Settlement Financing Corp. New Jersey Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 06/01/2031  | 4260 | 4452 |
| 5.000% due 06/01/2046  | 2000 | 1971 |
|  |  | 32757 |
| **NEW MEXICO 0.3%**  |  |  |
| **Farmington, New Mexico Revenue Bonds, Series 2005** <br>1.800% due 04/01/2029 | 8000 | 7586 |
| **Farmington, New Mexico Revenue Bonds, Series 2010** <br>3.875% due 06/01/2040 | 4350 | 4423 |
|  |  | 12009 |
| **NEW YORK 13.0%**  |  |  |
| **Battery Park City Authority, New York Revenue Bonds, Series 2019** <br>5.000% due 11/01/2038 | 3750 | 4017 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2018** <br>5.625% due 12/01/2050 | 3145 | 2699 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2024** <br>5.000% due 09/01/2037 | 1475 | 1581 |
| **Build NYC Resource Corp. New York Revenue Notes, Series 2024** <br>5.000% due 09/01/2034 | 1550 | 1689 |
| **Long Island Power Authority, New York Revenue Bonds, Series 2023** <br>5.000% due 09/01/2048 | 3700 | 3850 |
| **Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023** <br>4.720% due 01/01/2044 | 3600 | 3632 |
| **New York City, New York General Obligation Bonds, Series 2012** <br>2.550% due 04/01/2042 | 5000 | 5000 |
| **New York City, New York General Obligation Bonds, Series 2015** <br>2.500% due 06/01/2044 | 40 | 40 |
| **New York City, New York General Obligation Bonds, Series 2018** <br>2.500% due 12/01/2047 | 15000 | 15000 |
| **New York City, New York General Obligation Bonds, Series 2021** <br>4.000% due 08/01/2041 | 4000 | 3994 |
| **New York City, New York Housing Development Corp. Revenue Bonds, (HUD Insured), Series 2024** <br>4.750% due 11/01/2054 | 3700 | 3645 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2017** <br>3.700% due 11/01/2047 | 3500 | 3051 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2025** <br>4.600% due 11/01/2045 | 2425 | 2433 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2011** <br>2.500% due 06/15/2044 | 8000 | 8000 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2022**  |  |  |
| 2.450% due 06/15/2044  | 11800 | 11800 |
| 5.250% due 06/15/2052  | 1250 | 1311 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023** <br>5.250% due 06/15/2048 | 5425 | 5741 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2024** <br>5.250% due 06/15/2054 | 3500 | 3684 |
| **New York City, New York Transitional Finance Authority Building Aid Revenue Bonds, Series 2021** <br>4.000% due 07/15/2036 | 5000 | 5147 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2014**  |  |  |
| 2.480% due 02/01/2044  | 10000 | 10000 |
| 2.500% due 11/01/2042  | 12040 | 12040 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2018** <br>2.500% due 08/01/2045 | 13900 | 13900 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2019** <br>4.000% due 11/01/2039 | 8000 | 8028 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2020** <br>4.000% due 05/01/2045 | 8250 | 7749 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 02/01/2051  | 2435 | 2200 |
| 5.000% due 02/01/2040  | 5000 | 5355 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2023** <br>5.000% due 05/01/2053 | 11900 | 12188 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 05/01/2038  | 2400 | 2681 |
| 5.250% due 05/01/2048  | 4000 | 4204 |
| 5.250% due 05/01/2050  | 2000 | 2093 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 4.250% due 05/01/2054  | 6800 | 6456 |
| 5.000% due 05/01/2043  | 5185 | 5561 |
| 5.000% due 05/01/2044  | 3220 | 3415 |
| 5.000% due 05/01/2046  | 7125 | 7463 |
| 5.000% due 05/01/2047  | 5000 | 5188 |
| 5.250% due 05/01/2048  | 3910 | 4130 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2036  | 15000 | 17335 |
| 5.000% due 11/01/2041  | 5405 | 5918 |
| 5.000% due 11/01/2042  | 3000 | 3244 |
| **New York City,New York Industrial Development Agency Revenue Bonds, (FGIC Insured), Series 2006** <br>3.615% due 03/01/2026 | 2000 | 2001 |
| **New York Energy Finance Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2056 | 11400 | 12088 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014**  |  |  |
| 5.000% due 11/15/2044  | 16500 | 16496 |
| 5.375% due 11/15/2040  | 8005 | 8005 |
| **New York Power Authority Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 11/15/2048 | 7500 | 7860 |
| **New York Power Authority Revenue Bonds, Series 2020** <br>4.000% due 11/15/2045 | 6600 | 6261 |
| **New York State Dormitory Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 2895 | 2970 |
| **New York State Dormitory Authority Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 03/15/2034  | 1000 | 1040 |
| 4.000% due 02/15/2047  | 9085 | 8366 |
| 5.000% due 02/15/2048  | 3300 | 3378 |
| 5.000% due 07/01/2050  | 3500 | 3602 |
| **New York State Dormitory Authority Revenue Bonds, Series 2021** <br>5.000% due 07/01/2051 | 1440 | 1471 |
| **New York State Dormitory Authority Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 03/15/2039  | 2000 | 2022 |
| 4.000% due 05/01/2041  | 5350 | 5284 |
| **New York State Dormitory Authority Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 05/01/2038  | 3750 | 3821 |
| 5.000% due 03/15/2055  | 20950 | 21698 |
| **New York State Dormitory Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 07/01/2043  | 3190 | 3340 |
| 5.000% due 07/01/2044  | 3595 | 3731 |
| 5.000% due 07/01/2045  | 3000 | 3093 |
| 5.250% due 07/01/2054  | 3000 | 3211 |
| **New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020** <br>4.200% due 11/01/2054 (f) | 2600 | 2398 |
| **New York State Thruway Authority Revenue Bonds, Series 2022** <br>5.000% due 03/15/2053 | 5000 | 5132 |
| **New York State Thruway Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 03/15/2042  | 8400 | 9183 |
| 5.000% due 03/15/2059  | 30090 | 30982 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 03/15/2047  | 6100 | 5616 |
| 5.000% due 03/15/2039  | 2875 | 3006 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 03/15/2038  | 7300 | 7375 |
| 5.000% due 03/15/2044  | 2500 | 2601 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2023** <br>5.000% due 03/15/2043 | 10000 | 10682 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2024** <br>5.000% due 03/15/2048 | 4000 | 4158 |
| **New York Transportation Development Corp. Revenue Bonds, (AGC Insured) ,Series 2024** <br>5.250% due 12/31/2054 | 26400 | 26784 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2023** <br>5.500% due 06/30/2043 | 2250 | 2366 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2025** <br>5.500% due 06/30/2059 | 26410 | 27562 |
| **New York Transportation Development Corp. Revenue Bonds, (BAM Insured), Series 2024** <br>5.500% due 06/30/2060 | 5135 | 5327 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2016** <br>5.000% due 07/01/2046 | 5900 | 5900 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2018** <br>5.000% due 01/01/2031 | 800 | 824 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2020** <br>5.000% due 10/01/2040 | 3000 | 3043 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2022** <br>5.000% due 12/01/2033 | 8000 | 8698 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2023** <br>6.000% due 04/01/2035 | 12300 | 13562 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2024** <br>5.500% due 06/30/2060 | 2000 | 2017 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2025**  |  |  |
| 6.000% due 06/30/2042  | 1875 | 2080 |
| 6.000% due 06/30/2059  | 16500 | 17366 |
| **New York Transportation Development Corp. Revenue Notes, Series 2020** <br>4.000% due 10/01/2030 | 8495 | 8664 |
| **Niagara Tobacco Asset Securitization Corp. New York Revenue Bonds, Series 2014** <br>4.000% due 05/15/2029 | 730 | 720 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Onondaga Civic Development Corp. New York Revenue Bonds, Series 2025**  |  |  |
| 4.500% due 12/01/2050  | 11000 | 10800 |
| 5.250% due 12/01/2044  | 1325 | 1460 |
| 5.250% due 12/01/2045  | 1150 | 1258 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 07/15/2037  | 5000 | 5455 |
| 5.000% due 12/01/2038  | 1400 | 1522 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/15/2042  | 2500 | 2756 |
| 5.000% due 01/15/2043  | 2775 | 3024 |
| 5.000% due 01/15/2050  | 7000 | 7345 |
| **Town of Hempstead, New York General Obligation Bonds, Series 2024** <br>4.000% due 05/01/2047 | 3020 | 2981 |
| **Triborough Bridge & Tunnel Authority Sales Tax, New York Revenue Bonds, Series 2022** <br>5.250% due 05/15/2062 | 3750 | 3890 |
| **Triborough Bridge & Tunnel Authority Sales Tax, New York Revenue Bonds, Series 2024** <br>5.000% due 05/15/2049 | 1500 | 1557 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 12/01/2040  | 1550 | 1745 |
| 5.000% due 12/01/2041  | 1250 | 1390 |
| 5.000% due 12/01/2050  | 5000 | 5170 |
|  |  | 601599 |
| **NORTH CAROLINA 0.9%**  |  |  |
| **Charlotte-Mecklenburg Hospital Authority, North Carolina Revenue Bonds, Series 2007** <br>2.550% due 01/15/2037 | 10000 | 10000 |
| **Inlivian, North Carolina Revenue Bonds, (FNMA Insured), Series 2024** <br>4.450% due 06/01/2041 | 3612 | 3693 |
| **North Carolina Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 01/01/2055 | 3560 | 3965 |
| **North Carolina State Revenue Bonds, Series 2021** <br>4.000% due 03/01/2035 | 12230 | 12803 |
| **North Carolina State Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 03/01/2038  | 3000 | 3440 |
| 5.000% due 03/01/2039  | 3500 | 3979 |
| 5.000% due 03/01/2040  | 2980 | 3336 |
|  |  | 41216 |
| **NORTH DAKOTA 0.1%**  |  |  |
| **Grand Forks, North Dakota Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 12/01/2053 | 2250 | 2292 |
| **OHIO 3.6%**  |  |  |
| **Allen County, Ohio Hospital Facilities Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2040  | 16500 | 18303 |
| 5.000% due 11/01/2041  | 6250 | 6851 |
| **Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2057 (c)  | 63000 | 4675 |
| 4.000% due 06/01/2048  | 13560 | 11727 |
| 5.000% due 06/01/2036  | 2000 | 2098 |
| 5.000% due 06/01/2055  | 46195 | 37452 |
| **Columbus Regional Airport Authority, Ohio Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/01/2038  | 4400 | 4813 |
| 5.500% due 01/01/2055  | 4500 | 4736 |
| **Columbus-Franklin County, Ohio Finance Authority Revenue Bonds, (FNMA Insured), Series 2025** <br>4.820% due 11/01/2043 | 3000 | 3207 |
| **Cuyahoga County, Ohio Revenue Bonds, Series 2017** <br>5.000% due 02/15/2057 | 3300 | 2997 |
| **Geisinger Authority, Ohio Revenue Bonds, Series 2017** <br>4.000% due 02/15/2047 | 7500 | 6678 |
| **Montgomery County, Ohio Dayton Children's Hospital Revenue Bonds, Series 2021** <br>4.000% due 08/01/2046 | 5500 | 5136 |
| **Montgomery County, Ohio Revenue Bonds, Series 2019** <br>2.500% due 11/15/2045 | 15735 | 15735 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2014** <br>2.400% due 12/01/2038 | 4715 | 4495 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 14275 | 12869 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 03/01/2055 | 17995 | 19767 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>4.150% due 09/01/2040 | 2700 | 2706 |
| **Ohio State Hospital Revenue Bonds, Series 2020** <br>4.000% due 11/15/2036 | 1000 | 999 |
|  |  | 165244 |
| **OKLAHOMA 0.3%**  |  |  |
| **Oklahama Water Resources Board Revenue Bonds, Series 2025** <br>5.250% due 04/01/2050 | 3400 | 3626 |
| **Oklahoma Development Finance Authority Revenue Bonds, Series 2018** <br>5.500% due 08/15/2052 | 2605 | 2605 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Oklahoma Development Finance Authority Revenue Bonds, Series 2019** <br>4.000% due 08/01/2036 | 1750 | 1670 |
| **Oklahoma Development Finance Authority Revenue Notes, Series 2019**  |  |  |
| 5.000% due 08/01/2028  | 715 | 734 |
| 5.000% due 08/01/2029  | 755 | 782 |
| **Oklahoma Turnpike Authority Revenue Bonds, Series 2023** <br>5.500% due 01/01/2053 | 6300 | 6697 |
|  |  | 16114 |
| **OREGON 0.2%**  |  |  |
| **Clackamas County, Oregon Hospital Facility Authority Revenue Bonds, Series 2017** <br>5.000% due 11/15/2052 | 1500 | 1365 |
| **Medford Hospital Facilities Authority, Oregon Revenue Bonds, Series 2020** <br>4.000% due 08/15/2039 | 1000 | 996 |
| **Multnomah County School District 40, Oregon General Obligation Bonds, Series 2023** <br>0.000% due 06/15/2036 (c) | 1500 | 1002 |
| **Port of Portland, Oregon Airport Revenue Bonds, Series 2022** <br>4.000% due 07/01/2047 | 4290 | 3869 |
|  |  | 7232 |
| **PENNSYLVANIA 3.7%**  |  |  |
| **Allegheny County, Pennsylvania Sanitary Authority Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 12/01/2049  | 2500 | 2338 |
| 5.000% due 12/01/2043  | 1000 | 1068 |
| **Beaver Economic Development Authority Revenue Bonds, Series 2006** <br>4.750% due 01/01/2035 | 6000 | 6351 |
| **Blythe Township Solid Waste Authority, Pennsylvania Revenue Bonds, Series 2017** <br>7.750% due 12/01/2037 | 415 | 447 |
| **Bucks County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 07/01/2046  | 13335 | 11529 |
| 4.000% due 07/01/2051  | 4500 | 3778 |
| 5.000% due 07/01/2035  | 2605 | 2764 |
| 5.000% due 07/01/2039  | 2800 | 2917 |
| 5.000% due 07/01/2054  | 4400 | 4240 |
| **Commonwealth Financing Authority, Pennsylvania Revenue Bonds, (AGM Insured), Series 2018** <br>4.000% due 06/01/2039 | 11200 | 11043 |
| **Lancaster County Hospital Authority, Pennsylvania Revenue Bonds, Series 2021** <br>5.000% due 11/01/2046 | 11205 | 11276 |
| **Lehigh County, Pennsylvania Revenue Bonds, (AGC/CR Insured), Series 2019** <br>4.000% due 07/01/2049 | 2500 | 2239 |
| **Lehigh County, Pennsylvania Revenue Bonds, Series 2019** <br>4.420% (MUNIPSA) due 08/15/2038 ~(f) | 3045 | 3006 |
| **Luzerne County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2019** <br>2.450% due 12/01/2039 | 2250 | 2083 |
| **Montgomery County, Pennsylvania Higher Education & Health Authority Revenue Bonds, Series 2018** <br>4.000% due 09/01/2049 | 2000 | 1727 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 02/15/2041  | 3575 | 3436 |
| 5.250% due 06/30/2053  | 500 | 507 |
| 5.500% due 06/30/2037  | 1850 | 2032 |
| 5.500% due 06/30/2038  | 2000 | 2177 |
| 5.500% due 06/30/2039  | 5500 | 5924 |
| 6.000% due 06/30/2061  | 7000 | 7381 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 03/15/2060  | 13100 | 14462 |
| 5.450% due 01/01/2051  | 2225 | 2370 |
| **Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2021** <br>4.000% due 07/01/2026 | 1500 | 1502 |
| **Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2022** <br>5.000% due 12/31/2032 | 2500 | 2749 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2017** <br>4.000% due 08/15/2041 | 3000 | 3005 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2019** <br>4.000% due 08/15/2049 | 6900 | 6212 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2024**  |  |  |
| 5.250% due 11/01/2038  | 7000 | 7816 |
| 5.250% due 11/01/2041  | 5000 | 5427 |
| 5.250% due 11/01/2044  | 3000 | 3161 |
| **Pennsylvania Housing Finance Agency Revenue Bonds, Series 2024**  |  |  |
| 6.000% due 10/01/2054  | 3765 | 4088 |
| 6.250% due 10/01/2054  | 2155 | 2361 |
| **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 2500 | 2292 |
| **Pennsylvania Turnpike Commission Revenue Bonds, (AGM Insured), Series 2019** <br>4.000% due 12/01/2049 | 2500 | 2338 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2019** <br>5.000% due 12/01/2044 | 4365 | 4510 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2021** <br>5.000% due 12/01/2046 | 11000 | 11468 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2022** <br>5.250% due 12/01/2047 | 1275 | 1351 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2024** <br>5.000% due 12/01/2039 | 3350 | 3773 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Philadelphia, Pennsylvania Water & Wastewater Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 09/01/2042 | 3000 | 3248 |
| **Southeastern Pennsylvania Transportation Authority Revenue Bonds, Series 2022** <br>5.250% due 06/01/2042 | 1000 | 1082 |
| **Westmoreland County Industrial Development Authority, Pennsylvania Revenue Notes, Series 2020** <br>5.000% due 07/01/2030 | 700 | 739 |
|  |  | 172217 |
| **PUERTO RICO 2.4%**  |  |  |
| **Commonwealth of Puerto Rico Bonds, Series 2022** <br>0.000% due 11/01/2043 | 17696 | 11348 |
| **Commonwealth of Puerto Rico General Obligation Notes, Series 2021** <br>5.625% due 07/01/2027 | 1725 | 1762 |
| **GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018** <br>7.500% due 08/20/2040 | 9009 | 8771 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.359% (US0003M + 0.520%) due 07/01/2029 ~ | 5800 | 5622 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2046 (c)  | 71294 | 23957 |
| 0.000% due 07/01/2051 (c)  | 84762 | 21313 |
| 4.500% due 07/01/2034  | 2456 | 2456 |
| 4.750% due 07/01/2053  | 11570 | 10923 |
| 5.000% due 07/01/2058  | 8500 | 8197 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019**  |  |  |
| 4.329% due 07/01/2040  | 4400 | 4310 |
| 4.550% due 07/01/2040  | 10167 | 10174 |
|  |  | 108833 |
| **RHODE ISLAND 0.7%**  |  |  |
| **Rhode Island Health & Educational Building Corp. Revenue Bonds, Series 2024** <br>5.250% due 05/15/2054 | 5350 | 5412 |
| **Tobacco Settlement Financing Corp. Rhode Island Revenue Bonds, Series 2015**  |  |  |
| 5.000% due 06/01/2035  | 5000 | 5003 |
| 5.000% due 06/01/2040  | 6770 | 6771 |
| 5.000% due 06/01/2050  | 13800 | 13684 |
|  |  | 30870 |
| **SOUTH CAROLINA 0.9%**  |  |  |
| **Charleston County, South Carolina Airport District Revenue Bonds, Series 2024** <br>5.250% due 07/01/2054 | 3750 | 3873 |
| **Columbia, South Carolina Waterworks & Sewer System Revenue Bonds, Series 2022**  |  |  |
| 4.250% due 02/01/2042  | 650 | 662 |
| 4.250% due 02/01/2043  | 675 | 681 |
| **Patriots Energy Group Financing Agency, South Carolina Revenue Bonds, Series 2023** <br>5.250% due 02/01/2054 | 5500 | 5948 |
| **South Carolina Public Service Authority Revenue Bonds, (BAM Insured), Series 2013** <br>4.000% due 12/01/2049 | 1000 | 942 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2021** <br>5.000% due 12/01/2051 | 3500 | 3547 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2024** <br>5.000% due 12/01/2049 | 6500 | 6720 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 12/01/2044  | 4000 | 4232 |
| 5.000% due 12/01/2047  | 3500 | 3638 |
| **Spartanburg Regional Health Services District, South Carolina Revenue Bonds, Series 2017** <br>5.000% due 04/15/2048 | 11265 | 11368 |
|  |  | 41611 |
| **SOUTH DAKOTA 0.1%**  |  |  |
| **South Dakota Housing Development Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>4.500% due 11/01/2045 | 6600 | 6593 |
| **TENNESSEE 1.4%**  |  |  |
| **Chattanooga Health Educational & Housing Facility Board, Tennessee Revenue Bonds, Series 2024** <br>5.250% due 12/01/2049 | 7000 | 7266 |
| **Memphis-Shelby County, Tennessee Industrial Development Board Tax Allocation Notes, Series 2017** <br>4.750% due 07/01/2027 | 150 | 142 |
| **Metropolitan Government of Nashville & Davidson County Sports Auth, Tennessee Revenue Bonds, Series 2023** <br>5.000% due 07/01/2048 | 2000 | 2090 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee General Obligation Bonds, Series 2022** <br>4.000% due 01/01/2042 | 5000 | 5011 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, (FHLMC Insured), Series 2024** <br>5.150% due 08/01/2043 | 12500 | 13299 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, (HUD Insured), Series 2023** <br>4.875% due 10/01/2038 | 6705 | 6983 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, Series 2020** <br>4.000% due 11/01/2055 | 1000 | 787 |
| **Metropolitan Nashville Airport Authority, Tennessee Revenue Notes, Series 2022** <br>5.250% due 07/01/2032 | 1205 | 1358 |

---

------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rutherford County, Tennessee Health & Educational Facilities Board Revenue Bonds, Series 2025** <br>5.000% due 11/15/2048 | 10400 | 11377 |
| **Tennergy Corp. Tennessee Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 9065 | 9221 |
| **Tennergy Corp. Tennessee Revenue Bonds, Series 2022** <br>5.500% due 10/01/2053 | 6000 | 6438 |
| **Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021** <br>5.000% due 05/01/2052 | 1685 | 1801 |
|  |  | 65773 |
| **TEXAS 10.4%**  |  |  |
| **Angelina & Neches River Authority, Texas Revenue Bonds, Series 2021** <br>7.500% due 12/01/2045 ^(b) | 1000 | 13 |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2024**  |  |  |
| 4.000% due 08/15/2044  | 3420 | 3273 |
| 4.125% due 08/15/2054  | 2400 | 2186 |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025** <br>4.500% due 08/15/2050 | 2500 | 2508 |
| **Austin Housing Finance Corp. Texas Revenue Bonds, Series 2024** <br>3.400% due 11/01/2042 | 3200 | 3230 |
| **Austin, Texas Water & Wastewater System Revenue Bonds, Series 2024** <br>5.000% due 11/15/2049 | 5000 | 5281 |
| **Barbers Hill Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.250% due 02/15/2054 | 3900 | 3789 |
| **Bexar Management And Development Corp. Texas Revenue Bonds, Series 2024** <br>3.020% due 05/10/2045 | 4000 | 4005 |
| **Calhoun County, Texas Navigation Industrial Development Authority Revenue Notes, Series 2021** <br>3.625% due 07/01/2026 | 2000 | 1961 |
| **Central Texas Turnpike System Revenue Bonds, Series 2024** <br>5.000% due 08/15/2039 | 3500 | 3888 |
| **City of Kyle, Texas , General Obligation Bonds, (AGM Insured), Series 2025**  |  |  |
| 5.000% due 08/15/2050  | 2785 | 2881 |
| 5.000% due 08/15/2055  | 5170 | 5326 |
| **Clifton Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025**  |  |  |
| 4.375% due 02/15/2042  | 3675 | 3739 |
| 5.250% due 02/15/2043  | 3900 | 4191 |
| 5.250% due 02/15/2045  | 1925 | 2041 |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2021** <br>4.000% due 11/01/2045 | 8855 | 8385 |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2022** <br>5.000% due 11/01/2039 | 6000 | 6569 |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2025** <br>5.000% due 11/01/2050 | 10500 | 11499 |
| **Dallas Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/15/2055 | 7000 | 7726 |
| **Denton County, Texas Special Assessment Bonds, Series 2025** <br>6.697% due 01/01/2059 « | 22500 | 22500 |
| **Denton Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 08/15/2053 | 16500 | 17002 |
| **Ector County, Texas General Obligation Bonds, Series 2024**  |  |  |
| 5.000% due 02/15/2040  | 7450 | 8160 |
| 5.000% due 02/15/2042  | 8450 | 9090 |
| **Elysian Fields Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 02/15/2049 | 8000 | 7527 |
| **EP Essential Housing WF PFC, Texas Revenue Notes, Series 2024** <br>4.250% due 12/01/2034 | 7500 | 7605 |
| **Forney Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2022** <br>5.000% due 08/15/2038 | 5000 | 5441 |
| **Fort Worth, Texas Water & Sewer System Revenue Bonds, Series 2025** <br>5.000% due 02/15/2049 | 3395 | 3548 |
| **Garland Housing Finance Corp. Texas Revenue Bonds, (FNMA Insured), Series 2024** <br>4.610% due 01/01/2043 | 2193 | 2224 |
| **Goose Creek Consolidated Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2019** <br>4.500% due 10/01/2049 | 4000 | 4037 |
| **Grayson County Junior College District, Texas General Obligation Bonds, Series 2024** <br>4.000% due 02/15/2049 | 2000 | 1841 |
| **Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Notes, Series 2024** <br>5.000% due 07/01/2034 | 7890 | 9112 |
| **Harris County, Texas Hospital District General Obligation Bonds, Series 2025** <br>5.000% due 02/15/2042 | 9000 | 9646 |
| **Houston, Texas Airport System Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 07/01/2037 | 2000 | 2172 |
| **Houston, Texas Airport System Revenue Bonds, Series 2024** <br>5.500% due 07/15/2036 | 22500 | 24600 |
| **Houston, Texas Airport System Revenue Bonds, Series 2025** <br>5.500% due 07/01/2055 | 2500 | 2631 |
| **Houston, Texas Combined Utility System Revenue Bonds, Series 2019** <br>4.000% due 11/15/2044 | 1500 | 1438 |
| **Hurst-Euless-Bedford Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>4.000% due 08/15/2050 | 5000 | 4682 |
| **Jarrell Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 02/15/2053 | 5000 | 5154 |
| **Liberty Hill Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/01/2055 | 10000 | 10386 |

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<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Little Elm Independent School District, Texas General Obligation Bonds, Series 2023** <br>4.250% due 08/15/2053 | 1250 | 1167 |
| **Love Field Airport Modernization Corp. Texas Revenue Bonds, Series 2017** <br>5.000% due 11/01/2029 | 1250 | 1269 |
| **Lower Colorado River Authority, Texas Revenue Bonds, Series 2021** <br>5.000% due 05/15/2051 | 6000 | 6099 |
| **Lower Colorado River Authority, Texas Revenue Bonds, Series 2025** <br>5.000% due 05/15/2045 | 7900 | 8744 |
| **Manor Housing Public Facility Corp. Texas Revenue Bonds, Series 2024** <br>3.400% due 11/01/2042 | 5000 | 5036 |
| **Medina Valley Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>4.500% due 02/15/2047 | 8250 | 8297 |
| **Midland County, Texas Hospital District Revenue Bonds, (BAM Insured), Series 2024** <br>4.125% due 05/15/2049 | 3170 | 2928 |
| **Mission Economic Development Corp. Texas Revenue Bonds, Series 2024** <br>4.000% due 06/01/2054 | 8000 | 8055 |
| **Mission Economic Development Corp., Texas Revenue Bonds, Series 2020** <br>3.450% due 07/01/2040 | 19700 | 19701 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2017**  |  |  |
| 4.000% due 08/15/2040  | 3000 | 2927 |
| 5.000% due 01/01/2047  | 2000 | 1954 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2025** <br>5.250% due 08/15/2044 | 9190 | 9965 |
| **Newark Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025** <br>5.250% due 08/15/2060 | 3780 | 3961 |
| **North Texas Tollway Authority Revenue Bonds, Series 2025** <br>5.000% due 01/01/2039 | 11400 | 12847 |
| **Permanent University Fund - University of Texas System Revenue Bonds, Series 2024** <br>5.000% due 07/01/2038 | 7400 | 8412 |
| **Rowlett, Texas Special Assessment Bonds, Series 2016** <br>5.750% due 09/15/2036 | 100 | 100 |
| **Royse City Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>5.000% due 02/15/2054 | 5680 | 5852 |
| **San Antonio Municipal Facilities Corp. Texas Revenue Bonds, Series 2021** <br>4.000% due 08/01/2048 | 7700 | 7294 |
| **San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2024** <br>5.000% due 02/01/2044 | 8750 | 9317 |
| **San Jacinto College District, Texas General Obligation Bonds, Series 2019** <br>5.000% due 02/15/2044 | 1010 | 1040 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 11/15/2051  | 5000 | 5121 |
| 5.000% due 11/15/2052  | 2800 | 3047 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/15/2049  | 5000 | 5184 |
| 5.500% due 11/15/2052  | 4200 | 4540 |
| **Texas Department of Housing & Community Affairs Revenue Bonds, (GNMA Insured), Series 2025** <br>6.000% due 01/01/2056 | 13000 | 14539 |
| **Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006** <br>4.120% (TSFR3M) due 12/15/2026 ~ | 4000 | 4001 |
| **Texas Private Activity Bond Surface Transportation Corp. Revenue Bonds, Series 2019** <br>5.000% due 06/30/2058 | 7970 | 7786 |
| **Texas Private Activity Bond Surface Transportation Corp. Revenue Bonds, Series 2020** <br>4.000% due 12/31/2037 | 1875 | 1888 |
| **Texas Water Development Board Revenue Bonds, Series 2021** <br>4.000% due 10/15/2046 | 4975 | 4745 |
| **Texas Water Development Board Revenue Bonds, Series 2022** <br>4.800% due 10/15/2052 | 7200 | 7276 |
| **Texas Water Development Board Revenue Bonds, Series 2023**  |  |  |
| 4.875% due 10/15/2048  | 19825 | 20362 |
| 5.000% due 10/15/2058  | 4000 | 4136 |
| **Texas Water Development Board Revenue Bonds, Series 2024** <br>4.125% due 10/15/2047 | 13900 | 13401 |
| **Texas Water Development Board Revenue Bonds, Series 2025** <br>4.500% due 10/15/2043 | 9000 | 9291 |
| **Travis County, Texas Housing Finance Corp. Revenue Bonds, Series 2022** <br>4.125% due 06/01/2045 | 2000 | 2004 |
| **Waller Consolidated Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025**  |  |  |
| 5.000% due 02/15/2043  | 4335 | 4662 |
| 5.000% due 02/15/2044  | 2200 | 2352 |
|  |  | 480587 |
| **UTAH 1.0%**  |  |  |
| **Downtown Revitalization Public Infrastructure District, Utah Revenue Bonds, (AGC Insured), Series 2025** <br>5.250% due 06/01/2044 | 4000 | 4312 |
| **Salt Lake City, Utah Airport Revenue Bonds, (AGM/CR Insured), Series 2021** <br>4.000% due 07/01/2051 | 3500 | 3125 |
| **Salt Lake City, Utah Airport Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 07/01/2042  | 3000 | 3026 |
| 5.000% due 07/01/2047  | 6750 | 6757 |
| **Salt Lake City, Utah Airport Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 07/01/2043  | 1000 | 1056 |
| 5.250% due 07/01/2053  | 2000 | 2051 |
| **Utah County, Utah Revenue Bonds, Series 2016** <br>4.000% due 05/15/2047 | 2500 | 2238 |

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<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Utah County, Utah Revenue Bonds, Series 2020** <br>4.000% due 05/15/2043 | 2750 | 2636 |
| **Utah Housing Corp. Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.500% due 07/01/2055 | 7380 | 8424 |
| **Utah Transit Authority Revenue Bonds, Series 2023** <br>5.000% due 12/15/2041 | 11000 | 12076 |
|  |  | 45701 |
| **VIRGINIA 0.8%**  |  |  |
| **Isle of Wight County Economic Development Authority, Virginia Revenue Bonds, (AGM Insured), Series 2023** <br>5.250% due 07/01/2043 | 3500 | 3817 |
| **Lynchburg Economic Development Authority, Virginia Revenue Bonds, Series 2021** <br>4.000% due 01/01/2038 | 1100 | 1107 |
| **Roanoke Economic Development Authority, Virginia Revenue Bonds, Series 2020** <br>4.000% due 07/01/2051 | 10725 | 9900 |
| **Virginia Housing Development Authority Revenue Bonds, Series 2023** <br>5.150% due 10/01/2053 | 2345 | 2403 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2019**  |  |  |
| 5.500% due 07/01/2044  | 7375 | 6184 |
| 5.500% due 07/01/2049  | 2500 | 2014 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2020** <br>4.000% due 12/01/2049 | 3250 | 2848 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2025** <br>5.250% due 06/15/2050 | 7000 | 7268 |
|  |  | 35541 |
| **WASHINGTON 1.8%**  |  |  |
| **Energy Northwest, Washington Revenue Bonds, Series 2025** <br>5.000% due 07/01/2043 | 6250 | 6835 |
| **Seattle, Washington Drainage & Wastewater Revenue Bonds, Series 2021** <br>4.000% due 09/01/2051 | 2000 | 1858 |
| **Washington Health Care Facilities Authority Revenue Bonds, Series 2017** <br>5.000% due 01/01/2047 | 2000 | 2043 |
| **Washington Health Care Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 10/01/2035 | 13300 | 15084 |
| **Washington State General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2048 | 10000 | 10444 |
| **Washington State General Obligation Bonds, Series 2024**  |  |  |
| 5.000% due 07/01/2035  | 1360 | 1595 |
| 5.000% due 07/01/2036  | 2995 | 3482 |
| **Washington State Housing Finance Commission Revenue Bonds, (BAM Insured), Series 2025**  |  |  |
| 5.000% due 07/01/2038  | 1500 | 1604 |
| 5.000% due 07/01/2039  | 1500 | 1596 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2023** <br>3.375% due 04/20/2037 | 6850 | 6487 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024** <br>4.084% due 03/01/2050 | 8828 | 8664 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2025** <br>3.947% due 11/20/2041 | 20136 | 19389 |
| **Washington State Housing Finance Commission Revenue Notes, (BAM Insured), Series 2025**  |  |  |
| 5.000% due 07/01/2033  | 1000 | 1093 |
| 5.000% due 07/01/2034  | 1000 | 1092 |
|  |  | 81266 |
| **WEST VIRGINIA 0.4%**  |  |  |
| **West Virginia Economic Development Authority Revenue Bonds, Series 2025** <br>5.450% due 01/01/2055 | 8525 | 9081 |
| **West Virginia Hospital Finance Authority Revenue Bonds, Series 2023** <br>6.000% due 09/01/2048 | 6300 | 6852 |
| **West Virginia Housing Development Fund Revenue Notes, (HUD Insured), Series 2024** <br>5.000% due 08/01/2027 | 3000 | 3073 |
|  |  | 19006 |
| **WISCONSIN 1.9%**  |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2020**  |  |  |
| 4.500% due 01/01/2035  | 2195 | 2157 |
| 5.250% due 03/01/2045  | 1825 | 1729 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2021**  |  |  |
| 4.000% due 09/30/2051  | 1040 | 862 |
| 4.000% due 03/31/2056  | 4690 | 3796 |
| 4.500% due 06/01/2056  | 2500 | 1750 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2022** <br>5.000% due 10/01/2052 | 9000 | 9105 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/15/2040  | 500 | 529 |
| 5.000% due 11/15/2041  | 715 | 746 |
| 5.000% due 11/15/2045  | 1150 | 1159 |
| 5.250% due 06/15/2045  | 1000 | 1037 |
| 5.250% due 06/15/2050  | 500 | 512 |
| 5.250% due 11/15/2055  | 1700 | 1716 |
| 5.750% due 12/31/2065  | 34600 | 35654 |

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<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Public Finance Authority, Wisconsin Revenue Bonds,(BAM Insured), Series 2025** <br>5.000% due 07/01/2050 | 3000 | 3049 |
| **Wisconsin Center District Revenue Bonds, (AGM Insured), Series 2020**  |  |  |
| 0.000% due 12/15/2037 (c)  | 3200 | 2041 |
| 0.000% due 12/15/2039 (c)  | 3250 | 1859 |
| 0.000% due 12/15/2050 (c)  | 15000 | 4444 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, (BAM Insured), Series 2024**  |  |  |
| 4.500% due 02/15/2054  | 5000 | 4878 |
| 5.250% due 02/15/2054  | 2500 | 2615 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2016** <br>4.000% due 11/15/2046 | 585 | 538 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2021**  |  |  |
| 2.600% due 04/01/2048  | 5100 | 5100 |
| 4.000% due 10/15/2036  | 2375 | 2428 |
|  |  | 87704 |
| Total Municipal Bonds & Notes (Cost $3,856,933) |  | 3948306 |
| **U.S. GOVERNMENT AGENCIES 2.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.600% due 06/01/2043 | 5486 | 4959 |
| 3.660% due 01/01/2039 | 3347 | 3126 |
| 3.720% due 01/01/2041 | 8192 | 7600 |
| 3.790% due 07/01/2040 | 3891 | 3642 |
| 3.800% due 01/01/2040 | 9823 | 9231 |
| 3.850% due 02/01/2038 - 07/01/2039 | 5899 | 5597 |
| 4.000% due 01/01/2039 | 2000 | 1945 |
| 4.250% due 08/01/2038 - 06/01/2041 | 15932 | 15556 |
| 4.300% due 10/01/2038 | 10072 | 10030 |
| 4.370% due 03/01/2040 | 3806 | 3789 |
| 4.400% due 11/01/2040 | 4789 | 4758 |
| 4.600% due 03/01/2041 | 4700 | 4747 |
| 4.900% due 02/01/2040 | 4057 | 4236 |
| 5.210% due 08/01/2040 | 11921 | 12797 |
| 5.360% due 06/01/2039 | 7399 | 8062 |
| **Federal Home Loan Mortgage Corp. Multifamily ML Certificates**<br>2.990% due 04/25/2043 ~ | 8528 | 7372 |
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.625% due 07/15/2040 •  | 6846 | 7046 |
| Total U.S. Government Agencies (Cost $110,987) |  | 114493 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%**  |  |  |
| **Indiana Housing & Community Development Authority** <br>4.600% due 01/01/2042 | 4770 | 4876 |
| **Multifamily Tax-Exempt Mortgage-backed Securities**  |  |  |
| 4.500% due 08/01/2041  | 2478 | 2510 |
| 4.800% due 07/01/2045  | 4200 | 4337 |
| Total Non-Agency Mortgage-Backed Securities (Cost $11,448) |  | 11723 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% **(e)** | 963731 | 964 |
| Total Short-Term Instruments (Cost $964) |  | 964 |
| Total Investments in Securities (Cost $4,016,355) |  | 4110849 |
| **INVESTMENTS IN AFFILIATES 9.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 45323023 | 441492 |
| Total Short-Term Instruments (Cost $441,326) |  | 441492 |
| Total Investments in Affiliates (Cost $441,326) |  | 441492 |
| Total Investments 98.7% (Cost $4,457,681) |  | $4552341 |
| **Financial Derivative Instruments (g) 0.0**%(Cost or Premiums, net $6,248) |  | 524 |
| Other Assets and Liabilities, net 1.3% |  | 60118 |
| Net Assets 100.0% |  | $4612983 |

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<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(e)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(f)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Coupon | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Lehigh County, Pennsylvania Revenue Bonds, Series 2019 | Lehigh County, Pennsylvania Revenue Bonds, Series 2019 | 4.420 | 4.420 | 08/15/2038 | 08/15/2038 | 09/14/2021 | 09/14/2021 | 3082 | 3006 | 3006 | 0.07 |
| New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020 | New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020 | 4.200 | 4.200 | 11/01/2054 | 11/01/2054 | 12/12/2023 | 12/12/2023 | 2413 | 2398 | 2398 | 0.05 |
|  |  |  |  |  |  |  | $ | $ | 5404 | 0.12%  | 0.12%  |
| **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended December 31, 2025 was $(0) at a weighted average interest rate of X.XXX. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 1601 | 1601 | (180012) | (180012) | 765 | $ | 325 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **765** | **$** | **$** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset |  | Liability |
| Receive | Annual | 09/17/2055 | $62400 | 62400 | $6248 | 6248 | 1040 | 7288 | 199 | $ | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **6248** | **$** | **1040** | **7288** | **199** | **$** | **0** |
| **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $22,936 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |

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<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $0 | 0 | $0 | 0 | $31846 | 31846 | $31846 | 31846 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | 0 | 0 | 0 | 0 | 3517 | 3517 | 3517 | 3517 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Alabama | 0 | 0 | 197130 | 197130 | 0 | 0 | 197130 | 197130 |
| Alaska | 0 | 0 | 7772 | 7772 | 0 | 0 | 7772 | 7772 |
| Arizona | 0 | 0 | 45440 | 45440 | 0 | 0 | 45440 | 45440 |
| Arkansas | 0 | 0 | 8531 | 8531 | 0 | 0 | 8531 | 8531 |
| California | 0 | 0 | 238125 | 238125 | 0 | 0 | 238125 | 238125 |
| Colorado | 0 | 0 | 113280 | 113280 | 0 | 0 | 113280 | 113280 |
| Connecticut | 0 | 0 | 9620 | 9620 | 0 | 0 | 9620 | 9620 |
| Delaware | 0 | 0 | 9513 | 9513 | 0 | 0 | 9513 | 9513 |
| District of Columbia | 0 | 0 | 80716 | 80716 | 0 | 0 | 80716 | 80716 |
| Florida | 0 | 0 | 158153 | 158153 | 0 | 0 | 158153 | 158153 |
| Georgia | 0 | 0 | 93780 | 93780 | 0 | 0 | 93780 | 93780 |
| Hawaii | 0 | 0 | 1510 | 1510 | 0 | 0 | 1510 | 1510 |
| Idaho | 0 | 0 | 2222 | 2222 | 0 | 0 | 2222 | 2222 |
| Illinois | 0 | 0 | 263649 | 263649 | 0 | 0 | 263649 | 263649 |
| Indiana | 0 | 0 | 71103 | 71103 | 0 | 0 | 71103 | 71103 |
| Iowa | 0 | 0 | 9573 | 9573 | 0 | 0 | 9573 | 9573 |
| Kentucky | 0 | 0 | 65662 | 65662 | 0 | 0 | 65662 | 65662 |
| Louisiana | 0 | 0 | 29844 | 29844 | 0 | 0 | 29844 | 29844 |
| Maine | 0 | 0 | 9135 | 9135 | 0 | 0 | 9135 | 9135 |
| Maryland | 0 | 0 | 21008 | 21008 | 0 | 0 | 21008 | 21008 |
| Massachusetts | 0 | 0 | 87975 | 87975 | 0 | 0 | 87975 | 87975 |
| Michigan | 0 | 0 | 73592 | 73592 | 0 | 0 | 73592 | 73592 |
| Minnesota | 0 | 0 | 40140 | 40140 | 0 | 0 | 40140 | 40140 |
| Mississippi | 0 | 0 | 5280 | 5280 | 0 | 0 | 5280 | 5280 |
| Missouri | 0 | 0 | 32155 | 32155 | 0 | 0 | 32155 | 32155 |
| Multi-State | 0 | 0 | 112632 | 112632 | 0 | 0 | 112632 | 112632 |
| Nebraska | 0 | 0 | 2311 | 2311 | 0 | 0 | 2311 | 2311 |
| Nevada | 0 | 0 | 5403 | 5403 | 0 | 0 | 5403 | 5403 |
| New Hampshire | 0 | 0 | 98887 | 98887 | 0 | 0 | 98887 | 98887 |
| New Jersey | 0 | 0 | 32757 | 32757 | 0 | 0 | 32757 | 32757 |
| New Mexico | 0 | 0 | 12009 | 12009 | 0 | 0 | 12009 | 12009 |
| New York | 0 | 0 | 601599 | 601599 | 0 | 0 | 601599 | 601599 |
| North Carolina | 0 | 0 | 41216 | 41216 | 0 | 0 | 41216 | 41216 |
| North Dakota | 0 | 0 | 2292 | 2292 | 0 | 0 | 2292 | 2292 |
| Ohio | 0 | 0 | 165244 | 165244 | 0 | 0 | 165244 | 165244 |
| Oklahoma | 0 | 0 | 16114 | 16114 | 0 | 0 | 16114 | 16114 |
| Oregon | 0 | 0 | 7232 | 7232 | 0 | 0 | 7232 | 7232 |
| Pennsylvania | 0 | 0 | 172217 | 172217 | 0 | 0 | 172217 | 172217 |
| Puerto Rico | 0 | 0 | 108833 | 108833 | 0 | 0 | 108833 | 108833 |
| Rhode Island | 0 | 0 | 30870 | 30870 | 0 | 0 | 30870 | 30870 |
| South Carolina | 0 | 0 | 41611 | 41611 | 0 | 0 | 41611 | 41611 |
| South Dakota | 0 | 0 | 6593 | 6593 | 0 | 0 | 6593 | 6593 |
| Tennessee | 0 | 0 | 65773 | 65773 | 0 | 0 | 65773 | 65773 |
| Texas | 0 | 0 | 458087 | 458087 | 22500 | 22500 | 480587 | 480587 |
| Utah | 0 | 0 | 45701 | 45701 | 0 | 0 | 45701 | 45701 |
| Virginia | 0 | 0 | 35541 | 35541 | 0 | 0 | 35541 | 35541 |
| Washington | 0 | 0 | 81266 | 81266 | 0 | 0 | 81267 | 81267 |
| West Virginia | 0 | 0 | 19006 | 19006 | 0 | 0 | 19006 | 19006 |
| Wisconsin | 0 | 0 | 87704 | 87704 | 0 | 0 | 87704 | 87704 |
| U.S. Government Agencies | 0 | 0 | 114493 | 114493 | 0 | 0 | 114493 | 114493 |
| Non-Agency Mortgage-Backed Securities | 0 | 0 | 11723 | 11723 | 0 | 0 | 11723 | 11723 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 0 | 964 | 964 | 0 | 0 | 964 | 964 |
|  | $0 | 0 | $4052986 | 4052986 | $57863 | 57863 | $4110849 | 4110849 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $441492 | 441492 | $0 | 0 | $0 | 0 | $441492 | 441492 |
| Total Investments | $441492 | 441492 | $4052986 | 4052986 | $57863 | 57863 | $4552341 | 4552341 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | $0 | 0 | $524 | 524 | $0 | 0 | $524 | 524 |
| Total Financial Derivative Instruments | $0 | 0 | $524 | 524 | $0 | 0 | $524 | 524 |
| Totals | $441492 | 441492 | $4053510 | 4053510 | $57863 | 57863 | $4552865 | 4552865 |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended December 31, 2025:** |
| Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 12/31/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>12/31/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |

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------

<br> Schedule of Investments PIMCO Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Loan Participations and Assignments | $0 | 0 | 31400 | $ | $0 | $0 | $446 | $0 | 0 | 31846 | $ | 446 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 3852 | 0 |  | (68) | 2 | (270) | 0 | 0 | 3517 |  | (281) |
| Municipal Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |
| Texas |  | 0 | 22500 |  | 0 | 0 | 0 | 0 | 0 | 22500 |  | 0 |
| Totals | $3852 | 3852 | 53900 | $ | $(68) | $2 | $176 | $0 | 0 | 57863 | $ | 165 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $31846 | 31846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.650 | 6.650 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | 3517 | 3517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 23.405 | 23.405 |  |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Texas | Texas | Texas | 22500 | 22500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 |  |  |
| Total | Total | Total | $57863 | 57863 |  |  |  |  |  |  |  |  |
| Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at December 31, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 88.5% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 83.2%**  |  |  |
| **ALABAMA 4.4%**  |  |  |
| **Alabama Corrections Institution Finance Authority Revenue Notes, Series 2022** <br>5.000% due 07/01/2028 | $1500 | $1585 |
| **Baldwin County, Alabama Industrial Development Authority Revenue Bonds, Series 2025** <br>4.625% due 06/01/2055 | 1200 | 1206 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 06/01/2051 | 2000 | 2047 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023**  |  |  |
| 5.500% due 06/01/2049  | 1440 | 1520 |
| 5.500% due 10/01/2054  | 3400 | 3738 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 03/01/2055  | 3500 | 3745 |
| 5.000% due 10/01/2055  | 2300 | 2475 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 1700 | 1819 |
| **Black Belt Energy Gas District, Alabama Revenue Notes, Series 2025** <br>5.000% due 10/01/2035 | 13000 | 13776 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.750% due 04/01/2054 | 800 | 886 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.250% due 07/01/2054 | 2100 | 2286 |
| **Marshall County, Alabama Board of Education Special Tax Notes, (BAM Insured), Series 2024** <br>5.000% due 03/01/2034 | 500 | 566 |
| **Selma Industrial Development Board, Alabama Revenue Bonds, Series 2019** <br>3.450% due 11/01/2033 | 900 | 903 |
| **Southeast Alabama Gas Supply District Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 1900 | 2040 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2022** <br>5.500% due 01/01/2053 | 2500 | 2681 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2023** <br>5.000% due 01/01/2054 | 3050 | 3226 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 11/01/2035 | 4100 | 4357 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 05/01/2055  | 1200 | 1285 |
| 5.000% due 01/01/2056  | 3200 | 3337 |
| 5.250% due 11/01/2055  | 1000 | 1100 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Notes, Series 2025** <br>5.000% due 11/01/2035 | 2100 | 2255 |
| **West Jefferson Industrial Development Board, Alabama Revenue Bonds, Series 1998** <br>3.650% due 06/01/2028 | 1800 | 1825 |
|  |  | 58658 |
| **ALASKA 0.1%**  |  |  |
| **Alaska Housing Finance Corp. Revenue Notes, Series 2024** <br>5.000% due 12/01/2032 | 1500 | 1704 |
| **ARIZONA 1.8%**  |  |  |
| **Chandler Industrial Development Authority, Arizona Revenue Bonds, Series 2007** <br>4.100% due 12/01/2037 | 1000 | 1008 |
| **Chandler Industrial Development Authority, Arizona Revenue Bonds, Series 2019** <br>4.000% due 06/01/2049 | 5000 | 5071 |
| **Coconino County, Arizona Pollution Control Corp. Revenue Bonds, Series 2017** <br>4.125% due 09/01/2032 | 2500 | 2504 |
| **Industrial Development Authority of the City of Phoenix, Arizona Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 07/01/2029  | 300 | 310 |
| 5.000% due 07/01/2030  | 350 | 361 |
| **Maricopa County, Arizona & Phoenix Industrial Development Authorities Revenue Bonds, (GNMA Insured), Series 2025** <br>5.750% due 03/01/2056 | 1395 | 1541 |
| **Maricopa County, Arizona Industrial Development Authority Revenue Bonds, Series 2023** <br>5.000% due 01/01/2053 | 4500 | 4701 |
| **Maricopa County, Arizona Industrial Development Authority Revenue Notes, Series 2022** <br>5.000% due 01/01/2031 | 2505 | 2778 |
| **Phoenix Civic Improvement Corp. Arizona Revenue Bonds, Series 2019** <br>4.000% due 07/01/2039 | 2500 | 2478 |

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------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Salt River Project Agricultural Improvement & Power District, Arizona Revenue Bonds, Series 2025** <br>5.000% due 01/01/2041 | 2400 | 2692 |
|  |  | 23444 |
| **ARKANSAS 0.2%**  |  |  |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2025** <br>3.875% due 10/15/2065 | 2800 | 2805 |
| **CALIFORNIA 5.2%**  |  |  |
| **Antelope Valley Community College District, California General Obligation Bonds, Series 2022** <br>0.000% due 08/01/2036 (a) | 945 | 618 |
| **Bay Area Toll Authority, California Revenue Bonds, Series 2021** <br>3.770% (MUNIPSA) due 04/01/2056 ~ | 1000 | 999 |
| **Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Bonds, (AGM Insured), Series 2024** <br>4.000% due 07/01/2039 | 4250 | 4294 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023** <br>5.000% due 02/01/2054 | 2400 | 2555 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2054  | 2900 | 3110 |
| 5.000% due 02/01/2055  | 3900 | 4219 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2055 | 2800 | 2905 |
| **California Health Facilities Financing Authority Revenue Notes, Series 2025** <br>5.000% due 12/01/2035 | 3800 | 4317 |
| **California Housing Finance Revenue Bonds, Series 2024** <br>6.000% due 03/01/2053 | 5500 | 5591 |
| **California Housing Finance Revenue Notes, Series 2024** <br>5.870% due 04/01/2029 | 3500 | 3503 |
| **California Municipal Finance Authority Revenue Bonds, (FNMA Insured),Series 2024** <br>4.450% due 12/01/2042 | 500 | 504 |
| **California Municipal Finance Authority Revenue Bonds, Series 2023** <br>4.375% due 09/01/2053 | 1250 | 1301 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 12/01/2035  | 730 | 836 |
| 5.000% due 12/01/2036  | 380 | 432 |
| 6.000% due 01/01/2039  | 4000 | 4174 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025** <br>4.217% due 11/20/2040 | 2596 | 2602 |
| **California State University Revenue Bonds, Series 2016** <br>0.550% due 11/01/2049 | 1625 | 1592 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2006** <br>4.500% due 11/01/2033 | 1700 | 1786 |
| **Fremont Unified School District/Alameda County, California General Obligation Notes, Series 2021** <br>1.313% due 08/01/2028 | 4000 | 3762 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.850% due 06/01/2050 | 1785 | 1632 |
| **Los Angeles County, California Metropolitan Transportation Authority Sales Tax Revenue Bonds, Series 2020** <br>4.000% due 06/01/2036 | 1700 | 1776 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2018** <br>5.000% due 05/15/2037 | 3520 | 3638 |
| **Los Angeles Department of Airports, California Revenue Notes, Series 2025**  |  |  |
| 5.000% due 05/15/2033  | 3000 | 3390 |
| 5.000% due 05/15/2034  | 1000 | 1139 |
| **Los Angeles Unified School District, California General Obligation Bonds, Series 2025** <br>5.000% due 07/01/2042 | 3000 | 3369 |
| **San Diego County, California Regional Airport Authority Revenue Notes, Series 2023** <br>5.000% due 07/01/2033 | 1000 | 1135 |
| **San Joaquin Valley Clean Energy Authority, California Revenue Bonds, Series 2025** <br>5.500% due 01/01/2056 | 1600 | 1808 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019** <br>5.000% due 06/01/2034 | 1250 | 1324 |
| **Washington Township Health Care District, California General Obligation Bonds, Series 2013** <br>5.500% due 08/01/2038 | 1120 | 1127 |
|  |  | 69438 |
| **COLORADO 2.7%**  |  |  |
| **Board of Governors of Colorado State University System Revenue Bonds, Series 2025** <br>2.420% due 03/01/2055 | 10000 | 10000 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2018** <br>4.000% due 11/15/2048 | 2000 | 1803 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2019** <br>4.000% due 08/01/2049 | 1385 | 1199 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2022**  |  |  |
| 5.250% due 11/01/2034  | 1000 | 1123 |
| 5.250% due 11/01/2036  | 1000 | 1109 |
| **Colorado Health Facilities Authority Revenue Notes, Series 2024** <br>5.000% due 05/15/2033 | 2060 | 2326 |
| **Colorado Health Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 12/01/2034 | 2800 | 3068 |
| **Colorado State Certificates of Participation Bonds, Series 2017** <br>4.000% due 03/15/2042 | 2000 | 1996 |
| **Colorado State Certificates of Participation Bonds, Series 2018** <br>4.000% due 12/15/2036 | 1700 | 1728 |

---

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<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Denver Convention Center Hotel Authority, Colorado Revenue Bonds, Series 2016** <br>5.000% due 12/01/2027 | 1000 | 1013 |
| **Denver, Colorado Airport System City & County Revenue Bonds, Series 2018** <br>5.000% due 12/01/2032 | 2000 | 2098 |
| **Denver, Colorado Airport System City & County Revenue Notes, Series 2023** <br>5.000% due 11/15/2030 | 1500 | 1638 |
| **Denver, Colorado City & County Revenue Bonds, Series 2017** <br>5.000% due 10/01/2032 | 1000 | 1001 |
| **E-470 Public Highway Authority, Colorado Revenue Bonds, Series 2024** <br>3.276% (SOFRRATE) due 09/01/2039 ~ | 1600 | 1597 |
| **Elbert County, Colorado Independence Water & Sanitation District Revenue Notes, Series 2024** <br>5.125% due 12/01/2033 | 1495 | 1550 |
| **Regional Transportation District, Colorado Revenue Notes, Series 2020** <br>5.000% due 01/15/2031 | 1140 | 1231 |
| **University of Colorado Hospital Authority Revenue Notes, Series 2024** <br>5.000% due 11/15/2031 | 1600 | 1807 |
|  |  | 36287 |
| **CONNECTICUT 0.1%**  |  |  |
| **Bridgeport, Connecticut General Obligation Notes, Series 2017** <br>5.000% due 08/15/2027 | 895 | 928 |
| **Connecticut State General Obligation Bonds, Series 2018** <br>5.000% due 09/15/2030 | 1000 | 1067 |
|  |  | 1995 |
| **DISTRICT OF COLUMBIA 1.7%**  |  |  |
| **District of Columbia General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2040 | 5000 | 5562 |
| **District of Columbia Revenue Bonds, Series 2025** <br>5.000% due 04/01/2060 | 7000 | 7912 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2018** <br>5.000% due 10/01/2038 | 2730 | 2815 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2024** <br>5.000% due 10/01/2037 | 2500 | 2734 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Notes, Series 2021** <br>5.000% due 10/01/2029 | 3000 | 3223 |
|  |  | 22246 |
| **FLORIDA 4.6%**  |  |  |
| **Antillia Community Development District, Florida Special Assessment Notes, Series 2024** <br>5.000% due 05/01/2031 | 195 | 199 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Notes, Series 2021** <br>2.875% due 05/01/2031 | 1000 | 951 |
| **Bella Collina Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.250% due 05/01/2031 | 590 | 599 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2023** <br>6.000% due 06/15/2043 | 1350 | 1387 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2025** <br>4.750% due 07/01/2040 | 1250 | 1250 |
| **Florida Development Finance Corp. Revenue Bonds, (AGM Insured), Series 2024**  |  |  |
| 5.000% due 07/01/2044  | 5000 | 4913 |
| 5.250% due 07/01/2047  | 1300 | 1280 |
| **Florida Development Finance Corp. Revenue Bonds, Series 2025** <br>3.400% due 09/01/2050 | 9000 | 9040 |
| **Florida Development Finance Corp. Revenue Notes, Series 2023** <br>5.000% due 09/01/2026 | 1450 | 1455 |
| **Florida Housing Finance Corp. Revenue Bonds, Series 2024** <br>3.500% due 11/01/2042 | 1000 | 1010 |
| **Florida's Turnpike Enterprise Revenue Bonds, Series 2018** <br>4.000% due 07/01/2048 | 2500 | 2380 |
| **Gainesville, Florida Utilities System Revenue Bonds, Series 2012** <br>2.550% due 10/01/2042 | 7495 | 7495 |
| **Golden Gem Community Development District, Florida Special Assessment Notes, Series 2024** <br>5.150% due 05/01/2031 | 535 | 550 |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2015** <br>5.000% due 10/01/2040 | 665 | 665 |
| **Greater Orlando Aviation Authority, Florida Revenue Bonds, Series 2022** <br>5.000% due 10/01/2034 | 2400 | 2618 |
| **Hammock Oaks Community Development District, Florida Special Assessment Notes, Series 2024** <br>5.000% due 05/01/2031 | 275 | 280 |
| **Hobe-St Lucie Conservancy District, Florida Special Assessment Notes, Series 2024** <br>4.750% due 05/01/2031 | 885 | 921 |
| **Jacksonville Housing Authority, Florida Revenue Notes, Series 2024** <br>5.000% due 02/01/2034 | 2500 | 2676 |
| **JEA Electric System, Florida Revenue Bonds, Series 2024** <br>5.000% due 10/01/2035 | 2000 | 2331 |
| **Miami World Center Community Development District, Florida Special Assessment Bonds, Series 2017** <br>4.750% due 11/01/2027 | 785 | 799 |
| **Miami-Dade County, Florida Aviation Revenue Notes, Series 2024** <br>5.000% due 10/01/2034 | 2400 | 2693 |
| **Miami-Dade County, Florida Educational Facilities Authority Revenue Bonds, Series 2025** <br>5.250% due 04/01/2038 | 3000 | 3452 |

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<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Miami-Dade Seaport Department, Florida Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 10/01/2034  | 3400 | 3707 |
| 5.000% due 10/01/2036  | 1300 | 1402 |
| **Midtown Miami Community Development District, Florida Special Assessment Bonds, Series 2014** <br>5.000% due 05/01/2029 | 610 | 610 |
| **North AR-1 Pasco Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.875% due 05/01/2031 | 270 | 276 |
| **Orlando Utilities Commission, Florida Revenue Bonds, Series 2021** <br>1.250% due 10/01/2046 | 1000 | 919 |
| **Osceola County, Florida Transportation Revenue Bonds, Series 2020** <br>0.000% due 10/01/2032 (a) | 1000 | 767 |
| **Osceola County, Florida Transportation Revenue Notes, Series 2020** <br>0.000% due 10/01/2026 (a) | 275 | 267 |
| **Pioneer Ranch Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.200% due 05/01/2031 | 355 | 358 |
| **Rookery Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.250% due 05/01/2031 | 300 | 303 |
| **Two Rivers West Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.800% due 05/01/2031 | 220 | 224 |
| **University of Florida Department of Housing & Residence Education Hsg Sys Rev, Florida Revenue Bonds, Series 2021** <br>4.000% due 07/01/2035 | 2000 | 2072 |
| **Village Community Development District No. 15, Florida Special Assessment Bonds, Series 2023** <br>4.850% due 05/01/2038 | 980 | 1017 |
| **Village Community Development District No. 15, Florida Special Assessment Notes, Series 2024** <br>4.000% due 05/01/2034 | 700 | 711 |
| **Westside Haines City Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.875% due 05/01/2031 | 440 | 451 |
|  |  | 62028 |
| **GEORGIA 2.0%**  |  |  |
| **Atlanta, Georgia Airport Passenger Facility Charge Revenue Bonds, Series 2019** <br>4.000% due 07/01/2035 | 4000 | 4050 |
| **Burke County, Georgia Development Authority Revenue Bonds, Series 2017** <br>4.125% due 11/01/2045 | 1000 | 941 |
| **Cobb County, Georgia Kennestone Hospital Authority Revenue Bonds, Series 2023** <br>5.000% due 04/01/2041 | 3125 | 3355 |
| **Griffin-Spalding County Hospital Authority, Georgia Revenue Bonds, Series 2017** <br>5.000% due 04/01/2033 | 1500 | 1538 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2021** <br>4.000% due 07/01/2052 | 250 | 252 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023** <br>5.000% due 12/01/2053 | 2400 | 2570 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 12/01/2054  | 900 | 964 |
| 5.000% due 05/01/2055  | 1600 | 1708 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 8200 | 8738 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2019** <br>5.000% due 01/01/2034 | 500 | 523 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2022** <br>4.500% due 07/01/2063 | 1000 | 965 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2024** <br>5.000% due 01/01/2037 | 1340 | 1492 |
| **Municipal Electric Authority of Georgia Revenue Notes, Series 2021** <br>5.000% due 01/01/2028 | 175 | 181 |
|  |  | 27277 |
| **IDAHO 0.5%**  |  |  |
| **Idaho Health Facilities Authority Revenue Bonds, Series 2013** <br>2.950% due 12/01/2048 | 4400 | 4400 |
| **Idaho Health Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 03/01/2060 | 1800 | 1989 |
| **Spring Valley Community Infrastructure District No 1, Idaho Special Assessment Bonds, Series 2021** <br>3.750% due 09/01/2051 | 860 | 820 |
|  |  | 7209 |
| **ILLINOIS 4.2%**  |  |  |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2017** <br>5.000% due 12/01/2036 | 4100 | 4060 |
| **Chicago Board of Education, Illinois General Obligation Notes, Series 2025**  |  |  |
| 5.250% due 12/01/2027  | 325 | 332 |
| 5.250% due 12/01/2028  | 425 | 438 |
| 5.250% due 12/01/2029  | 525 | 544 |
| 5.250% due 12/01/2030  | 350 | 364 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, (BAM Insured), Series 2023** <br>5.250% due 01/01/2041 | 1945 | 2103 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2018** <br>5.000% due 07/01/2038 | 1900 | 1933 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2022** <br>5.000% due 01/01/2035 | 715 | 774 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2024** <br>5.000% due 01/01/2036 | 1800 | 1997 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Chicago Park District, Illinois General Obligation Bonds, Series 2024** <br>5.000% due 11/15/2035 | 2005 | 2246 |
| **Chicago Transit Authority Capital Grant Receipts, Illinois Revenue Notes, Series 2021**  |  |  |
| 5.000% due 06/01/2027  | 2640 | 2704 |
| 5.000% due 06/01/2028  | 1875 | 1962 |
| **Cook County, Illinois School District No 111, Burbank General Obligation Bonds, (AGM Insured), Series 2016**  |  |  |
| 4.000% due 12/01/2029  | 725 | 734 |
| 4.000% due 12/01/2030  | 1020 | 1032 |
| **Cook County, Illinois School District No 26, River Trails General Obligation Notes, Series 2024** <br>5.000% due 12/15/2032 | 430 | 480 |
| **Illinois Finance Authority Revenue Bonds, Series 2010** <br>4.800% due 12/01/2043 | 1200 | 1240 |
| **Illinois Finance Authority Revenue Bonds, Series 2016** <br>5.000% due 02/15/2041 | 1250 | 1274 |
| **Illinois Finance Authority Revenue Bonds, Series 2020** <br>5.000% due 08/15/2033 | 1750 | 1908 |
| **Illinois Finance Authority Revenue Bonds, Series 2022** <br>2.450% due 08/15/2057 | 1000 | 1000 |
| **Illinois Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 08/15/2038 | 1000 | 1114 |
| **Illinois Finance Authority Revenue Notes, Series 2025** <br>5.000% due 08/15/2032 | 5000 | 5578 |
| **Illinois State General Obligation Bonds, Series 2016** <br>4.000% due 06/01/2033 | 750 | 751 |
| **Illinois State General Obligation Bonds, Series 2021** <br>5.000% due 03/01/2035 | 2470 | 2667 |
| **Illinois State General Obligation Bonds, Series 2023** <br>5.000% due 12/01/2043 | 3055 | 3174 |
| **Illinois State General Obligation Bonds, Series 2025** <br>5.000% due 09/01/2042 | 3900 | 4114 |
| **Illinois State General Obligation Notes, Series 2022** <br>5.000% due 03/01/2026 | 1000 | 1004 |
| **Illinois State General Obligation Notes, Series 2024** <br>5.000% due 02/01/2033 | 1100 | 1232 |
| **Illinois State Toll Highway Authority Revenue Bonds, Series 2019** <br>5.000% due 01/01/2030 | 1000 | 1069 |
| **Jefferson & Franklin Etc Counties Community College District, Illinois General Obligation Notes, (AGM Insured), Series 2023** <br>5.000% due 12/01/2031 | 1275 | 1405 |
| **Kendall Kane & Will Counties Community Unit School District, Illinois General Obligation Notes, (BAM Insured), Series 2023** <br>4.000% due 10/01/2030 | 1000 | 1052 |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, (BAM Insured), Series 2020** <br>5.000% due 01/01/2037 | 3350 | 3527 |
| **Village of Arlington Heights, Illinois General Obligation Bonds, Series 2016** <br>4.000% due 12/01/2036 | 1000 | 1000 |
| **Village of Bolingbrook, Illinois General Obligation Bonds, Series 2019** <br>4.000% due 01/01/2033 | 1445 | 1439 |
|  |  | 56251 |
| **INDIANA 1.5%**  |  |  |
| **Fort Wayne Redevelopment Authority, Indiana Revenue Notes, Series 2022** <br>5.000% due 12/15/2029 | 360 | 389 |
| **Indiana Finance Authority Revenue Bonds, Series 2010** <br>3.000% due 11/01/2030 | 3000 | 2943 |
| **Indiana Finance Authority Revenue Bonds, Series 2012**  |  |  |
| 3.000% due 11/01/2030  | 1900 | 1859 |
| 4.250% due 11/01/2030  | 1000 | 1028 |
| **Indiana Finance Authority Revenue Bonds, Series 2023** <br>5.000% due 02/01/2037 | 1225 | 1384 |
| **Indiana Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2057 | 1500 | 1700 |
| **Indianapolis Local Public Improvement Bond Bank, Indiana Revenue Notes, Series 2023** <br>5.000% due 03/01/2033 | 1100 | 1179 |
| **Mount Vernon, Indiana Revenue Bonds, Series 2015** <br>4.250% due 09/01/2055 | 2500 | 2534 |
| **Warrick County, Indiana Revenue Bonds, Series 2015** <br>4.250% due 09/01/2055 | 2500 | 2534 |
| **Whiting, Indiana Revenue Bonds, Series 2008** <br>4.200% due 06/01/2044 | 1900 | 1999 |
| **Whiting, Indiana Revenue Bonds, Series 2016** <br>4.400% due 03/01/2046 | 2000 | 2100 |
|  |  | 19649 |
| **IOWA 0.2%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022**  |  |  |
| 4.000% due 12/01/2050  | 900 | 979 |
| 5.000% due 12/01/2050  | 400 | 461 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Iowa Tobacco Settlement Authority Revenue Bonds, Series 2021** <br>4.000% due 06/01/2038 | 1000 | 984 |
|  |  | 2424 |
| **KENTUCKY 1.9%**  |  |  |
| **Kentucky Bond Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 08/15/2055 | 2300 | 2560 |
| **Kentucky Public Energy Authority Revenue Bonds, Series 2024** <br>5.000% due 01/01/2055 | 900 | 969 |
| **Kentucky Public Energy Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 05/01/2036  | 12250 | 13021 |
| 5.250% due 06/01/2055  | 800 | 847 |
| **Kentucky State Property & Building Commission Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 06/01/2035  | 3000 | 3373 |
| 5.250% due 06/01/2039  | 1250 | 1383 |
| **Louisville/Jefferson County Metropolitan Government, Kentucky Revenue Bonds, Series 2023** <br>5.000% due 10/01/2039 | 1000 | 1092 |
| **Trimble County, Kentucky Revenue Bonds, Series 2023** <br>4.700% due 06/01/2054 | 1600 | 1612 |
|  |  | 24857 |
| **LOUISIANA 0.7%**  |  |  |
| **Louisiana Public Facilities Authority Revenue Bonds, (AGM Insured), Series 2025** <br>5.000% due 01/01/2038 | 1000 | 1130 |
| **Louisiana Public Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 05/15/2030 | 2200 | 2381 |
| **New Orleans Aviation Board, Louisiana Revenue Bonds, Series 2024** <br>5.000% due 01/01/2036 | 2000 | 2193 |
| **New Orleans Aviation Board, Louisiana Revenue Notes, Series 2024** <br>5.000% due 01/01/2035 | 3200 | 3534 |
|  |  | 9238 |
| **MAINE 0.3%**  |  |  |
| **Finance Authority of Maine Revenue Bonds, Series 2015** <br>5.000% due 08/01/2035 | 2000 | 2066 |
| **Maine Finance Authority Revenue Notes, (AGM Insured), Series 2023** <br>5.000% due 12/01/2030 | 1065 | 1133 |
| **Maine Municipal Bond Bank, Revenue Bonds, Series 2023** <br>5.000% due 11/01/2037 | 310 | 351 |
|  |  | 3550 |
| **MARYLAND 0.3%**  |  |  |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2021** <br>5.000% due 06/01/2033 | 445 | 472 |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 07/01/2045 | 1100 | 1198 |
| **Maryland State General Obligation Bonds, Series 2022** <br>5.000% due 06/01/2037 | 1510 | 1683 |
|  |  | 3353 |
| **MASSACHUSETTS 0.8%**  |  |  |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2025**  |  |  |
| 5.000% due 07/01/2037  | 1500 | 1740 |
| 5.000% due 04/01/2041  | 5000 | 5566 |
| **Massachusetts Development Finance Agency Revenue Bonds, (AGM Insured), Series 2025** <br>5.000% due 07/01/2050 | 3000 | 3095 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2018** <br>5.000% due 07/01/2030 | 500 | 528 |
|  |  | 10929 |
| **MICHIGAN 3.6%**  |  |  |
| **Detroit, Michigan General Obligation Notes, Series 2023**  |  |  |
| 5.250% due 05/01/2028  | 300 | 314 |
| 5.250% due 05/01/2029  | 500 | 534 |
| 5.250% due 05/01/2030  | 700 | 760 |
| 5.250% due 05/01/2031  | 600 | 661 |
| 5.250% due 05/01/2032  | 600 | 669 |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006** <br>3.445% (TSFR3M) due 07/01/2032 ~ | 1000 | 997 |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (NPFGC Insured), Series 2001** <br>5.500% due 07/01/2029 | 1360 | 1417 |
| **Michigan Finance Authority Revenue Bonds, Series 2017** <br>5.000% due 12/01/2035 | 720 | 747 |
| **Michigan Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 08/31/2035  | 1190 | 1337 |
| 5.000% due 02/28/2037  | 1935 | 2141 |
| **Michigan Finance Authority Revenue Notes, Series 2024**  |  |  |
| 5.000% due 02/29/2032  | 1205 | 1338 |
| 5.000% due 08/31/2033  | 1950 | 2195 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Michigan State Hospital Finance Authority Revenue Notes, Series 2025** <br>5.000% due 08/15/2035 | 2400 | 2772 |
| **Michigan State Housing Development Authority Revenue Bonds, Series 2024** <br>6.250% due 06/01/2055 | 885 | 973 |
| **Michigan State Housing Development Authority Revenue Bonds, Series 2025** <br>6.000% due 06/01/2056 | 10100 | 11195 |
| **Michigan Strategic Fund Revenue Bonds, Series 2001** <br>4.125% due 08/01/2027 | 3500 | 3509 |
| **Michigan Trunk Line State Revenue Bonds, Series 2023** <br>5.000% due 11/15/2038 | 1000 | 1129 |
| **Northern Michigan University Revenue Bonds, Series 2025** <br>5.250% due 06/01/2045 | 850 | 919 |
| **Wayne County, Michigan Airport Authority Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 12/01/2034 | 1640 | 1839 |
| **Wayne County, Michigan Airport Authority Revenue Notes, (AGM Insured), Series 2023**  |  |  |
| 5.000% due 12/01/2028  | 7210 | 7605 |
| 5.000% due 12/01/2032  | 1470 | 1640 |
| **Western Michigan University Revenue Bonds, (AGC Insured), Series 2025** <br>5.000% due 11/15/2035 | 800 | 925 |
| **Western Michigan University Revenue Notes, (AGC Insured), Series 2025** <br>5.000% due 11/15/2032 | 1600 | 1818 |
| **Zeeland Public School, Michigan General Obligation Bonds, (BAM Insured), Series 2023** <br>5.000% due 05/01/2037 | 500 | 554 |
|  |  | 47988 |
| **MINNESOTA 0.8%**  |  |  |
| **Housing & Redevelopment Authority of The City of St Paul Minnesota Revenue Notes, Series 2025**  |  |  |
| 5.000% due 07/01/2029  | 3300 | 3530 |
| 5.000% due 07/01/2031  | 2000 | 2204 |
| **Minneapolis, Minnesota Revenue Bonds, Series 2018** <br>5.000% due 11/15/2036 | 2000 | 2062 |
| **Minneapolis, Minnesota Revenue Bonds, Series 2023** <br>5.000% due 11/15/2052 | 1000 | 1054 |
| **Minnesota Housing Finance Agency Revenue Bonds, Series 2015** <br>5.000% due 08/01/2036 | 1000 | 1001 |
| **St Cloud, Minnesota Revenue Bonds, Series 2019** <br>5.000% due 05/01/2048 | 1000 | 1013 |
|  |  | 10864 |
| **MISSISSIPPI 0.3%**  |  |  |
| **Mississippi Business Finance Corp. Revenue Bonds, Series 2002** <br>3.200% due 09/01/2028 | 750 | 750 |
| **Mississippi Development Bank Revenue Bonds, Series 2025** <br>5.000% due 03/01/2038 | 1000 | 1098 |
| **Mississippi Development Bank Revenue Notes, (BAM Insured), Series 2023** <br>5.000% due 04/01/2031 | 1485 | 1643 |
|  |  | 3491 |
| **MISSOURI 0.5%**  |  |  |
| **Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2012** <br>4.000% due 11/15/2042 | 1300 | 1245 |
| **Marshall School District, Missouri Certificates of Participation Bonds, (BAM Insured), Series 2023** <br>5.000% due 03/01/2037 | 560 | 617 |
| **Missouri Development Finance Board Revenue Bonds, Series 2022**  |  |  |
| 5.250% due 05/01/2035  | 485 | 542 |
| 5.250% due 05/01/2037  | 300 | 330 |
| **Missouri Development Finance Board Revenue Notes, Series 2022** <br>5.000% due 05/01/2031 | 1190 | 1316 |
| **Missouri Housing Development Commission Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.250% due 05/01/2056 | 900 | 1008 |
| **St Louis County, Missouri Industrial Development Authority Revenue Bonds, (FNMA Insured), Series 2023** <br>4.910% due 01/01/2042 | 1935 | 2066 |
|  |  | 7124 |
| **MULTI-STATE 2.8%**  |  |  |
| **FHLMC Multifamily VRD Certificates, New York Revenue Bonds, Series 2025** <br>4.604% due 06/25/2042 | 1398 | 1420 |
| **FHLMC Multifamily VRD Certificates, Revenue Bonds, Series 2025** <br>0.000% due 01/25/2043 | 10359 | 10554 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2019** <br>3.400% due 01/25/2036 | 2678 | 2549 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 3.996% due 12/25/2036  | 5040 | 5057 |
| 4.415% due 08/25/2040  | 4435 | 4489 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024**  |  |  |
| 4.519% due 08/25/2041 ~  | 9931 | 10062 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.547% due 10/25/2040  | 2963 | 3030 |
|  |  | 37161 |
| **NEVADA 0.3%**  |  |  |
| **Las Vegas, Nevada Revenue Bonds, Series 2016** <br>4.375% due 06/15/2035 | 965 | 960 |
| **Reno, Nevada Revenue Bonds, Series 2018** <br>0.000% due 07/01/2058 (a) | 1500 | 237 |
| **Washoe County, Nevada Revenue Bonds, Series 2016** <br>4.125% due 03/01/2036 | 2500 | 2556 |
|  |  | 3753 |
| **NEW HAMPSHIRE 1.5%**  |  |  |
| **New Hampshire Business Finance Authority Affordable Housing Bonds, (HUD Insured), Series 2024** <br>4.150% due 10/20/2040 | 2390 | 2392 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2023** <br>3.875% due 01/20/2038 | 2427 | 2347 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 4.086% due 01/20/2041 ~  | 3179 | 3153 |
| 4.086% due 11/20/2042  | 4784 | 4672 |
| 4.794% due 02/20/2041  | 4297 | 4507 |
| **New Hampshire Housing Finance Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.500% due 07/01/2055 | 2475 | 2787 |
|  |  | 19858 |
| **NEW JERSEY 1.6%**  |  |  |
| **New Jersey Economic Development Authority Revenue Notes, Series 2023** <br>5.185% due 03/01/2030 | 1000 | 1035 |
| **New Jersey Housing & Mortgage Finance Agency Revenue Bonds, Series 2025** <br>6.500% due 04/01/2056 | 1200 | 1348 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2008** <br>0.000% due 12/15/2037 (a) | 2250 | 1445 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2009** <br>0.000% due 12/15/2034 (a) | 1500 | 1114 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2010** <br>0.000% due 12/15/2037 (a) | 1560 | 1002 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 06/15/2036  | 3500 | 3937 |
| 5.000% due 06/15/2037  | 4000 | 4467 |
| **South Jersey Port Corp. New Jersey Revenue Bonds, Series 2016** <br>5.000% due 01/01/2035 | 290 | 290 |
| **Tobacco Settlement Financing Corp. New Jersey Revenue Bonds, Series 2018**  |  |  |
| 5.000% due 06/01/2031  | 4500 | 4703 |
| 5.000% due 06/01/2046  | 1760 | 1711 |
|  |  | 21052 |
| **NEW MEXICO 0.6%**  |  |  |
| **Farmington, New Mexico Revenue Bonds, Series 2005** <br>1.800% due 04/01/2029 | 3000 | 2845 |
| **Farmington, New Mexico Revenue Bonds, Series 2010** <br>3.875% due 06/01/2040 | 3000 | 3050 |
| **New Mexico Hospital Equipment Loan Council Revenue Bonds, Series 2017** <br>4.000% due 08/01/2039 | 1700 | 1680 |
|  |  | 7575 |
| **NEW YORK 6.6%**  |  |  |
| **Long Island Power Authority, New York Revenue Bonds, Series 2023** <br>5.000% due 09/01/2042 | 2375 | 2571 |
| **Long Island Power Authority, New York Revenue Notes, Series 2025** <br>5.000% due 09/01/2035 | 1460 | 1739 |
| **Metropolitan Transportation Authority, New York Revenue Bonds, Series 2015** <br>2.500% due 11/15/2050 | 1000 | 1000 |
| **Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023** <br>4.720% due 01/01/2044 | 700 | 706 |
| **New York City, New York General Obligation Bonds, Series 2019** <br>2.500% due 10/01/2046 | 3500 | 3500 |
| **New York City, New York General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2037 | 1750 | 1941 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2013** <br>2.350% due 06/15/2048 | 8000 | 8000 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2022** <br>2.500% due 06/15/2033 | 6440 | 6440 |
| **New York City, New York Transitional Finance Authority Building Aid Revenue Bonds, Series 2018** <br>5.000% due 07/15/2031 | 1000 | 1058 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2022** <br>5.000% due 02/01/2040 | 1000 | 1071 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2023** <br>5.000% due 05/01/2036 | 1750 | 1991 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 05/01/2046 | 1000 | 1048 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 11/01/2037 | 2250 | 2574 |
| **New York Energy Finance Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2056 | 3000 | 3181 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014**  |  |  |
| 5.000% due 11/15/2044  | 2000 | 2000 |
| 5.150% due 11/15/2034  | 2500 | 2502 |
| 5.375% due 11/15/2040  | 2400 | 2400 |
| **New York State Dormitory Authority Revenue Bonds, Series 2016** <br>5.000% due 03/15/2036 | 6000 | 6081 |
| **New York State Dormitory Authority Revenue Bonds, Series 2020** <br>4.000% due 03/15/2034 | 1500 | 1560 |
| **New York State Dormitory Authority Revenue Notes, Series 2024** <br>5.000% due 05/01/2034 | 2900 | 3314 |
| **New York State Energy Research & Development Authority Revenue Bonds, Series 1994** <br>3.500% due 10/01/2029 | 1000 | 1010 |
| **New York State Environmental Facilities Corp. Revenue Bonds, Series 2020** <br>5.125% due 09/01/2050 | 1150 | 1196 |
| **New York State Thruway Authority Revenue Bonds, Series 2025** <br>5.000% due 03/15/2042 | 2200 | 2405 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2023** <br>5.000% due 03/15/2037 | 2200 | 2494 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2016** <br>4.000% due 07/01/2035 | 3255 | 3251 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2023** <br>5.500% due 06/30/2042 | 2000 | 2116 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2024** <br>5.250% due 06/30/2039 | 1400 | 1523 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2025** <br>6.000% due 06/30/2043 | 3075 | 3431 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2023** <br>6.000% due 04/01/2035 | 2500 | 2756 |
| **New York Transportation Development Corp. Revenue Notes, Series 2018** <br>5.000% due 01/01/2027 | 2000 | 2033 |
| **New York Transportation Development Corp. Revenue Notes, Series 2020** <br>4.000% due 10/01/2030 | 5000 | 5100 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2022** <br>5.000% due 08/01/2039 | 1500 | 1596 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2023** <br>5.000% due 12/01/2036 | 1500 | 1651 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Notes, Series 2025** <br>5.000% due 12/01/2034 | 835 | 988 |
| **TSASC, Inc., New York Revenue Notes, Series 2017**  |  |  |
| 5.000% due 06/01/2026  | 750 | 756 |
| 5.000% due 06/01/2027  | 750 | 770 |
|  |  | 87753 |
| **NORTH CAROLINA 0.3%**  |  |  |
| **North Carolina Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 07/01/2055 | 1595 | 1751 |
| **North Carolina Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.500% due 01/01/2056 | 2000 | 2288 |
|  |  | 4039 |
| **NORTH DAKOTA 0.2%**  |  |  |
| **Grand Forks, North Dakota Revenue Bonds, (AGM Insured), Series 2023**  |  |  |
| 5.000% due 12/01/2035  | 300 | 333 |
| 5.000% due 12/01/2039  | 225 | 243 |
| **North Dakota Housing Finance Agency Revenue Bonds, Series 2025** <br>6.000% due 01/01/2056 | 1300 | 1433 |
|  |  | 2009 |
| **OHIO 2.4%**  |  |  |
| **American Municipal Power, Inc., Ohio Revenue Bonds, Series 2019** <br>5.000% due 02/15/2031 | 320 | 342 |
| **Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 06/01/2038  | 1000 | 980 |
| 5.000% due 06/01/2034  | 1000 | 1058 |
| **Columbus Regional Airport Authority, Ohio Revenue Notes, Series 2025** <br>5.000% due 01/01/2035 | 2500 | 2815 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2009**  |  |  |
| 3.375% due 08/01/2029  | 1200 | 1184 |
| 4.750% due 06/01/2033  | 4400 | 4622 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 2500 | 2254 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2022** <br>4.250% due 11/01/2039 | 5285 | 5368 |
| **Ohio Higher Educational Facility Commission Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 02/01/2040  | 1250 | 1372 |
| 5.000% due 02/01/2041  | 1400 | 1519 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 03/01/2055 | 3965 | 4356 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Ohio Water Development Authority Water Pollution Control Loan Fund Revenue Bonds, Series 2009** <br>4.750% due 06/01/2033 | 2500 | 2626 |
| **Piqua City School District, Ohio Certificates of Participation Bonds, (BAM insured), Series 2019** <br>4.000% due 03/01/2035 | 1225 | 1250 |
| **Port of Greater Cincinnati Development Authority, Ohio Revenue Bonds, (AGM Insured), Series 2024**  |  |  |
| 5.000% due 12/01/2037  | 375 | 419 |
| 5.000% due 12/01/2043  | 435 | 460 |
| **University of Cincinnati, Ohio Revenue Bonds, Series 2025** <br>5.000% due 06/01/2040 | 1150 | 1262 |
| **Worthington City School District, Ohio General Obligation Notes, Series 2023** <br>0.000% due 12/01/2030 (a) | 700 | 598 |
|  |  | 32485 |
| **OKLAHOMA 0.5%**  |  |  |
| **Grand River Dam Authority, Oklahoma Revenue Bonds, Series 2024** <br>5.000% due 06/01/2037 | 2090 | 2361 |
| **Oklahoma Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.500% due 09/01/2056 | 3495 | 3990 |
| **Tulsa County, Oklahoma Industrial Authority Revenue Notes, Series 2025** <br>5.000% due 09/01/2033 | 500 | 563 |
|  |  | 6914 |
| **OREGON 1.4%**  |  |  |
| **Clackamas & Washington Counties School District No 3, Oregon General Obligation Bonds, Series 2022** <br>0.000% due 06/15/2036 (a) | 1605 | 1050 |
| **Crook County, Oregon General Obligation Bonds, Series 2022** <br>0.000% due 06/01/2036 (b) | 1685 | 1721 |
| **Medford Hospital Facilities Authority, Oregon Revenue Bonds, Series 2020** <br>5.000% due 08/15/2038 | 5195 | 5505 |
| **Oregon Coast Community College District, Oregon General Obligation Bonds, Series 2024** <br>5.000% due 06/15/2037 | 300 | 344 |
| **Oregon State Facilities Authority Revenue Notes, Series 2020** <br>5.000% due 10/01/2030 | 600 | 640 |
| **Oregon State Lottery Revenue Bonds, Series 2025** <br>5.000% due 04/01/2037 | 1950 | 2267 |
| **Oregon State Lottery Revenue Notes, Series 2025** <br>5.000% due 04/01/2034 | 500 | 587 |
| **Port of Portland, Oregon Airport Revenue Bonds, Series 2023** <br>5.000% due 07/01/2036 | 4400 | 4860 |
| **Port of Portland, Oregon Airport Revenue Notes, Series 2024** <br>5.000% due 07/01/2033 | 1000 | 1124 |
|  |  | 18098 |
| **PENNSYLVANIA 3.0%**  |  |  |
| **Allegheny County, Pennsylvania Hospital Development Authority Revenue Bonds, Series 2017** <br>4.020% (MUNIPSA) due 11/15/2047 ~ | 4350 | 4312 |
| **Avon Grove School District Chester County, Pennsylvania General Obligation Bonds, Series 2022** <br>4.000% due 11/15/2036 | 1000 | 1023 |
| **Commonwealth Financing Authority, Pennsylvania Revenue Bonds, (AGM Insured), Series 2018** <br>4.000% due 06/01/2039 | 3850 | 3796 |
| **Commonwealth Financing Authority, Pennsylvania Revenue Notes, Series 2018** <br>5.000% due 06/01/2028 | 1095 | 1155 |
| **Delaware Valley Regional Finance Authority, Pennsylvania Revenue Bonds, Series 2007** <br>3.466% (TSFR3M) due 06/01/2037 ~ | 2000 | 1891 |
| **Doylestown Hospital Authority, Pennsylvania Revenue Notes, Series 2024** <br>5.000% due 07/01/2031 | 1475 | 1567 |
| **Geisinger Authority, Pennsylvania Revenue Bonds, Series 2020** <br>4.000% due 04/01/2050 | 2250 | 1962 |
| **Neshannock Township School District, Pennsylvania General Obligation Bonds, (AGM Insured), Series 2023**  |  |  |
| 5.000% due 09/01/2038  | 465 | 482 |
| 5.000% due 09/01/2039  | 595 | 614 |
| **Northampton County, Pennsylvania General Purpose Authority Revenue Bonds, Series 2024** <br>2.450% due 08/15/2054 | 8350 | 8350 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2009** <br>5.250% due 12/01/2037 | 1000 | 1007 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2015** <br>5.000% due 06/30/2028 | 850 | 855 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2019** <br>3.450% due 04/01/2049 | 1250 | 1250 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022** <br>5.500% due 06/30/2038 | 1350 | 1470 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 03/15/2060 | 3600 | 3974 |
| **Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2022** <br>5.000% due 06/30/2032 | 2770 | 3035 |
| **Pennsylvania Housing Finance Agency Revenue Bonds, Series 2024** <br>6.250% due 10/01/2054 | 490 | 537 |
| **Philadelphia Gas Works, Co., Pennsylvania Revenue Notes, Series 2016** <br>5.000% due 10/01/2026 | 660 | 671 |
| **Philadelphia, Pennsylvania General Obligation Bonds, Series 2021** <br>4.000% due 05/01/2037 | 1415 | 1455 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Westmoreland County Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2020** <br>4.000% due 07/01/2037 | 700 | 680 |
|  |  | 40086 |
| **PUERTO RICO 1.8%**  |  |  |
| **Commonwealth of Puerto Rico General Obligation Notes, Series 2021** <br>5.625% due 07/01/2027 | 2928 | 2991 |
| **GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018** <br>7.500% due 08/20/2040 | 1954 | 1902 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.359% (US0003M + 0.520%) due 07/01/2029 ~ | 250 | 242 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2031 (a)  | 1682 | 1384 |
| 0.000% due 07/01/2046 (a)  | 12700 | 4268 |
| 4.500% due 07/01/2034  | 1500 | 1500 |
| 5.000% due 07/01/2058  | 9327 | 8995 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019** <br>4.550% due 07/01/2040 | 3200 | 3202 |
|  |  | 24484 |
| **RHODE ISLAND 0.6%**  |  |  |
| **Rhode Island Health & Educational Building Corp. Revenue Bonds, Series 2024** <br>5.000% due 05/15/2036 | 1000 | 1102 |
| **Rhode Island Health & Educational Building Corp. Revenue Notes, Series 2024** <br>5.000% due 05/15/2034 | 3000 | 3341 |
| **Tobacco Settlement Financing Corp. Rhode Island Revenue Bonds, Series 2015**  |  |  |
| 5.000% due 06/01/2035  | 2950 | 2952 |
| 5.000% due 06/01/2040  | 1205 | 1205 |
|  |  | 8600 |
| **SOUTH CAROLINA 0.9%**  |  |  |
| **Charleston County, South Carolina Airport District Revenue Notes, Series 2024** <br>5.000% due 07/01/2034 | 810 | 944 |
| **Patriots Energy Group Financing Agency, South Carolina Revenue Bonds, Series 2023** <br>5.250% due 02/01/2054 | 1400 | 1514 |
| **South Carolina Jobs-Economic Development Authority Revenue Bonds, Series 2025** <br>5.000% due 11/01/2049 | 4000 | 4449 |
| **South Carolina Jobs-Economic Development Authority Revenue Notes, Series 2023** <br>4.000% due 04/01/2033 | 1000 | 1001 |
| **South Carolina Ports Authority Revenue Bonds, Series 2018** <br>5.000% due 07/01/2034 | 1025 | 1065 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 12/01/2041  | 1500 | 1635 |
| 5.000% due 12/01/2043  | 1500 | 1600 |
|  |  | 12208 |
| **SOUTH DAKOTA 0.3%**  |  |  |
| **South Dakota Board of Regents Revenue Bonds, Series 2017** <br>5.000% due 04/01/2032 | 1010 | 1043 |
| **South Dakota Housing Development Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>4.500% due 11/01/2045 | 1700 | 1698 |
| **South Dakota Housing Development Authority Revenue Notes, Series 2022** <br>5.000% due 05/01/2029 | 1005 | 1076 |
|  |  | 3817 |
| **TENNESSEE 1.2%**  |  |  |
| **Metropolitan Government of Nashville & Davidson County Sports Auth, Tennessee Revenue Bonds, Series 2023** <br>5.000% due 07/01/2037 | 715 | 807 |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Health & Educational Facs Bd Revenue Bonds, (HUD Insured), Series 2023** <br>4.875% due 10/01/2038 | 1780 | 1854 |
| **Rutherford County, Tennessee Health & Educational Facilities Board Revenue Bonds, Series 2025** <br>5.000% due 11/15/2048 | 2900 | 3172 |
| **Tennergy Corp. Tennessee Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 2000 | 2035 |
| **Tennergy Corp. Tennessee Revenue Bonds, Series 2022** <br>5.500% due 10/01/2053 | 2000 | 2146 |
| **Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021** <br>5.000% due 05/01/2052 | 5000 | 5344 |
|  |  | 15358 |
| **TEXAS 13.9%**  |  |  |
| **Aldine Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>5.000% due 02/15/2041 | 1200 | 1314 |
| **Austin Housing Finance Corp. Texas Revenue Bonds, Series 2024** <br>3.400% due 11/01/2042 | 800 | 808 |
| **Austin, Texas Airport System Revenue Bonds, Series 2022** <br>5.000% due 11/15/2037 | 2000 | 2153 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Board of Regents of the University of Texas System Revenue Bonds, Series 2025** <br>5.000% due 08/15/2036 | 2500 | 2923 |
| **Brownsville, Texas General Obligation Bonds, Series 2017** <br>5.000% due 02/15/2036 | 1225 | 1252 |
| **Central Texas Regional Mobility Authority Revenue Bonds, Series 2021** <br>4.000% due 01/01/2040 | 800 | 804 |
| **Central Texas Turnpike System Revenue Bonds, Series 2024** <br>5.000% due 08/15/2042 | 1750 | 1890 |
| **City of Odessa, Texas General Obligation Notes, Series 2019**  |  |  |
| 5.000% due 03/01/2026  | 545 | 547 |
| 5.000% due 03/01/2027  | 515 | 526 |
| **Clifton Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025** <br>5.250% due 02/15/2045 | 2300 | 2439 |
| **Cypress-Fairbanks Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 02/15/2038 | 3000 | 3345 |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2025** <br>5.000% due 11/01/2050 | 3000 | 3285 |
| **Dallas Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/15/2055 | 8000 | 8830 |
| **Ector County, Texas General Obligation Bonds, Series 2024** <br>5.000% due 02/15/2036 | 3000 | 3408 |
| **EP Cimarron Ventanas PFC, Texas Revenue Bonds, Series 2024** <br>4.125% due 12/01/2039 | 2000 | 2017 |
| **EP Essential Housing WF PFC, Texas Revenue Notes, Series 2024** <br>4.250% due 12/01/2034 | 7400 | 7503 |
| **Fort Bend Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>3.800% due 08/01/2055 | 12250 | 12530 |
| **Fort Worth, Texas Water & Sewer System Revenue Bonds, Series 2025** <br>5.000% due 02/15/2047 | 3095 | 3244 |
| **Garland Housing Finance Corp. Texas Revenue Bonds, (FNMA Insured), Series 2024** <br>4.610% due 01/01/2043 | 498 | 505 |
| **Grand Parkway Transportation Corp. Texas Revenue Bonds, Series 2018** <br>5.000% due 10/01/2043 | 5500 | 5634 |
| **Gulf Coast Industrial Development Authority, Texas Revenue Bonds, Series 2012** <br>2.550% due 11/01/2041 | 8000 | 8000 |
| **Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Notes, Series 2024** <br>5.000% due 07/01/2034 | 2200 | 2541 |
| **Harris County, Texas General Obligation Bonds, Series 2024**  |  |  |
| 5.000% due 09/15/2040  | 3500 | 3874 |
| 5.000% due 09/15/2041  | 3000 | 3285 |
| **Harris Montgomery Counties Municipal Utility District No 386, Texas General Obligation Notes, (BAM Insured), Series 2017** <br>3.000% due 09/01/2027 | 860 | 860 |
| **Hays Consolidated Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023**  |  |  |
| 5.000% due 02/15/2037  | 1100 | 1210 |
| 5.000% due 02/15/2038  | 1265 | 1384 |
| 5.000% due 02/15/2039  | 3000 | 3267 |
| **Houston, Texas Airport System Revenue Bonds, Series 2018** <br>5.000% due 07/01/2030 | 1000 | 1056 |
| **Houston, Texas Airport System Revenue Notes, Series 2024** <br>5.250% due 07/15/2034 | 6000 | 6457 |
| **Katy Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2020** <br>4.000% due 02/15/2039 | 1750 | 1782 |
| **Lamar Consolidated Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 02/15/2036 | 2545 | 2877 |
| **Las Varas Public Facility Corp. Texas Revenue Bonds, Series 2025** <br>4.000% due 05/01/2043 | 8500 | 8650 |
| **Love Field Airport Modernization Corp. Texas Revenue Bonds, (AGM Insured), Series 2021** <br>5.000% due 11/01/2032 | 2000 | 2187 |
| **Lower Colorado River Authority, Texas Revenue Bonds, (AGM Insured), Series 2024** <br>5.000% due 05/15/2040 | 1250 | 1354 |
| **Lower Colorado River Authority, Texas Revenue Bonds, Series 2025** <br>5.000% due 05/15/2045 | 2100 | 2325 |
| **Manor Housing Public Facility Corp. Texas Revenue Bonds, Series 2024** <br>3.400% due 11/01/2042 | 1300 | 1309 |
| **Midland County, Texas Hospital District Revenue Bonds, (BAM Insured), Series 2024**  |  |  |
| 4.000% due 05/15/2043  | 825 | 798 |
| 5.000% due 05/15/2037  | 950 | 1066 |
| **Midland Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>5.000% due 02/15/2050 | 145 | 152 |
| **Mission Economic Development Corp. Texas Revenue Bonds, Series 2024** <br>4.000% due 06/01/2054 | 3000 | 3021 |
| **Mission Economic Development Corp., Texas Revenue Bonds, Series 2020** <br>3.450% due 05/01/2046 | 4000 | 4000 |
| **Newark Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025** <br>5.000% due 08/15/2036 | 600 | 683 |
| **North Texas Tollway Authority Revenue Bonds, Series 2016** <br>5.000% due 01/01/2028 | 515 | 515 |
| **North Texas Tollway Authority Revenue Bonds, Series 2019** <br>4.000% due 01/01/2044 | 5000 | 4744 |
| **North Texas Tollway Authority Revenue Bonds, Series 2022** <br>5.000% due 01/01/2036 | 1250 | 1383 |
| **North Texas Tollway Authority Revenue Bonds, Series 2025** <br>5.000% due 01/01/2039 | 3100 | 3493 |
| **North Texas Tollway Authority Revenue Notes, Series 2023** <br>5.000% due 01/01/2031 | 2500 | 2775 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **San Antonio Water System, Texas Revenue Bonds, Series 2025** <br>5.000% due 05/15/2039 | 2050 | 2304 |
| **San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 02/01/2035  | 2250 | 2604 |
| 5.000% due 02/01/2040  | 3500 | 3871 |
| **San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2025** <br>3.080% due 02/01/2055 | 6000 | 6023 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 4965 | 5014 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2025** <br>5.000% due 11/15/2064 | 3300 | 3687 |
| **Texas Department of Housing & Community Affairs Revenue Bonds, (GNMA Insured), Series 2025** <br>6.000% due 01/01/2056 | 3000 | 3355 |
| **Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006** <br>4.120% (TSFR3M) due 12/15/2026 ~ | 750 | 750 |
| **Texas State General Obligation Bonds, Series 2024** <br>5.000% due 10/01/2044 | 3500 | 3776 |
| **Texas Water Development Board Revenue Bonds, Series 2022**  |  |  |
| 4.800% due 10/15/2052  | 1800 | 1819 |
| 5.000% due 10/15/2047  | 5860 | 6115 |
| **Town of Trophy Club, Texas Public Improvement District No 1 Special Assessment Notes, Series 2025** <br>5.000% due 09/01/2030 | 500 | 529 |
| **Waller Consolidated Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/15/2042 | 3000 | 3270 |
| **Waller County, Texas General Obligation Bonds, Series 2023** <br>4.000% due 02/15/2037 | 1615 | 1657 |
|  |  | 184779 |
| **UTAH 0.4%**  |  |  |
| **Mida Mountain Village Public Infrastructure District, Utah Special Assessment Notes, Series 2021** <br>4.000% due 08/01/2028 | 1120 | 1126 |
| **Utah Housing Corp. Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 07/01/2055 | 1450 | 1627 |
| **Utah Housing Corp. Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.500% due 07/01/2055 | 1895 | 2163 |
|  |  | 4916 |
| **VIRGINIA 0.7%**  |  |  |
| **Arlington County, Virginia Industrial Development Authority Revenue Bonds, Series 2023** <br>5.000% due 07/01/2053 | 1600 | 1731 |
| **Henrico County, Virginia Economic Development Authority Revenue Notes, Series 2025** <br>5.000% due 11/01/2035 | 2000 | 2310 |
| **Isle of Wight County Economic Development Authority, Virginia Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 07/01/2037 | 500 | 559 |
| **Virginia Public Building Authority Revenue Bonds, Series 2015** <br>4.000% due 08/01/2030 | 1420 | 1421 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 06/15/2060 | 3500 | 3937 |
|  |  | 9958 |
| **WASHINGTON 2.4%**  |  |  |
| **King County, Washington General Obligation Bonds, Series 2024** <br>5.000% due 12/01/2044 | 3190 | 3438 |
| **Pierce County, Washington School District No 403, Peninsula General Obligation Bonds, Series 2021** <br>4.000% due 12/01/2040 | 4000 | 4049 |
| **Port of Seattle, Washington Revenue Bonds, Series 2019** <br>4.000% due 04/01/2044 | 5000 | 4627 |
| **Washington Health Care Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 09/01/2042 | 1700 | 1823 |
| **Washington Health Care Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 10/01/2030 | 1600 | 1751 |
| **Washington Higher Education Facilities Authority Revenue Bonds, Series 2017** <br>4.000% due 05/01/2037 | 1500 | 1501 |
| **Washington State General Obligation Bonds, Series 2016** <br>5.000% due 07/01/2033 | 2000 | 2000 |
| **Washington State Housing Finance Commission Revenue Bonds, (BAM Insured), Series 2025** <br>5.000% due 07/01/2036 | 1160 | 1257 |
| **Washington State Housing Finance Commission Revenue Bonds, (FNMA Insured), Series 2024** <br>4.400% due 03/01/2043 | 2100 | 2085 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2023** <br>3.375% due 04/20/2037 | 2789 | 2641 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024** <br>4.084% due 03/01/2050 | 2182 | 2142 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2025** <br>3.947% due 11/20/2041 | 5283 | 5087 |
|  |  | 32401 |
| **WEST VIRGINIA 0.5%**  |  |  |
| **West Virginia Economic Development Authority Revenue Bonds, Series 2025** <br>5.450% due 01/01/2055 | 5190 | 5529 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **West Virginia Hospital Finance Authority Revenue Bonds, Series 2023** <br>5.750% due 09/01/2041 | 1100 | 1202 |
|  |  | 6731 |
| **WISCONSIN 0.9%**  |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2021** <br>4.000% due 10/01/2041 | 2500 | 2615 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2022** <br>4.000% due 10/01/2046 | 4250 | 4361 |
| **Public Finance Authority, Wisconsin Revenue Notes, Series 2024** <br>5.000% due 12/15/2034 | 790 | 822 |
| **Wisconsin Center District Revenue Notes, (AGM Insured), Series 2020** <br>0.000% due 12/15/2029 (a) | 2105 | 1868 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2016** <br>4.000% due 11/15/2046 | 2000 | 1924 |
| **Wisconsin Health & Educational Facilities Authority Revenue Notes, Series 2018** <br>5.000% due 04/01/2028 | 900 | 945 |
|  |  | 12535 |
| Total Municipal Bonds & Notes (Cost $1,081,198) |  | 1109379 |
| **U.S. GOVERNMENT AGENCIES 2.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.600% due 06/01/2043 | 1371 | 1240 |
| 3.720% due 01/01/2041 | 1766 | 1638 |
| 3.800% due 01/01/2040 | 5894 | 5538 |
| 3.850% due 01/01/2040 | 1300 | 1226 |
| 4.250% due 06/01/2041 | 2187 | 2107 |
| 4.300% due 10/01/2038 | 2967 | 2955 |
| 4.370% due 03/01/2040 | 980 | 976 |
| 4.400% due 11/01/2040 | 4935 | 4903 |
| 4.600% due 03/01/2041 | 1000 | 1010 |
| 4.850% due 08/01/2038 | 2218 | 2308 |
| 4.900% due 02/01/2040 | 986 | 1029 |
| 5.210% due 08/01/2040 | 2660 | 2856 |
| 5.360% due 06/01/2039 | 2466 | 2688 |
| **Federal Home Loan Mortgage Corp. Multifamily ML Certificates**<br>2.990% due 04/25/2043 ~ | 1470 | 1271 |
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.625% due 07/15/2040 •  | 1949 | 2006 |
| Total U.S. Government Agencies (Cost $32,993) |  | 33751 |
| **SHORT-TERM INSTRUMENTS 2.8%**  |  |  |
| **REPURCHASE AGREEMENTS (c) 2.5%** |  | 32700 |
| **MUNICIPAL BONDS & NOTES 0.3%**  |  |  |
| **Albany City School District, New York General Obligation Notes, Series 2025** <br>4.000% due 06/25/2026 | 2500 | 2514 |
| **Honeoye Falls-Lima Central School District, New York General Obligation Notes, Series 2025** <br>4.000% due 06/25/2026 | 1600 | 1610 |
| Total Municipal Bonds & Notes (Cost $4,117) |  | 4124 |
| Total Short-Term Instruments (Cost $36,817) |  | 36824 |
| Total Investments in Securities (Cost $1,151,008) |  | 1179954 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 9.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.9%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 13586673 | 132348 |
| Total Short-Term Instruments (Cost $132,305) |  | 132348 |
| Total Investments in Affiliates (Cost $132,305) |  | 132348 |
| Total Investments 98.4% (Cost $1,283,313) |  | $1312302 |
| Other Assets and Liabilities, net 1.6% |  | 21619 |
| Net Assets 100.0% |  | $1333921 |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(b)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(c)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By |  | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | $4400 | 4400 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 11/15/2033 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 11/15/2033 | $ | $(4481) | (4481) | $4400 | $4401 |
| DEU | 23800 | 23800 | &nbsp;&nbsp; U.S. Treasury Bonds 4.375% due 08/15/2043 | &nbsp;&nbsp; U.S. Treasury Bonds 4.375% due 08/15/2043 |  | (24161) | (24161) | 23800 | 23805 |
| FICC STR | 4500 | 4500 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 09/30/2032 |  | 4590 | 4590 | 4500 | 4501 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **$** | $**(33232)** | **(33232)** | $**32700** | $**32707** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Alabama | Alabama | $ | $0 | $58658 | $0 | 0 | $ | $58658 |  |
| Alaska | Alaska |  | 0 | 1704 | 0 | 0 |  | 1704 |  |
| Arizona | Arizona |  | 0 | 23444 | 0 | 0 |  | 23444 |  |
| Arkansas | Arkansas |  | 0 | 2805 | 0 | 0 |  | 2805 |  |
| California | California |  | 0 | 69438 | 0 | 0 |  | 69438 |  |
| Colorado | Colorado |  | 0 | 36287 | 0 | 0 |  | 36287 |  |
| Connecticut | Connecticut |  | 0 | 1995 | 0 | 0 |  | 1995 |  |
| District of Columbia | District of Columbia |  | 0 | 22246 | 0 | 0 |  | 22246 |  |
| Florida | Florida |  | 0 | 62028 | 0 | 0 |  | 62028 |  |
| Georgia | Georgia |  | 0 | 27277 | 0 | 0 |  | 27277 |  |
| Idaho | Idaho |  | 0 | 7209 | 0 | 0 |  | 7209 |  |
| Illinois | Illinois |  | 0 | 56251 | 0 | 0 |  | 56251 |  |
| Indiana | Indiana |  | 0 | 19649 | 0 | 0 |  | 19649 |  |
| Iowa | Iowa |  | 0 | 2424 | 0 | 0 |  | 2424 |  |
| Kentucky | Kentucky |  | 0 | 24857 | 0 | 0 |  | 24857 |  |
| Louisiana | Louisiana |  | 0 | 9238 | 0 | 0 |  | 9238 |  |
| Maine | Maine |  | 0 | 3550 | 0 | 0 |  | 3550 |  |
| Maryland | Maryland |  | 0 | 3353 | 0 | 0 |  | 3353 |  |
| Massachusetts | Massachusetts |  | 0 | 10929 | 0 | 0 |  | 10929 |  |
| Michigan | Michigan |  | 0 | 47988 | 0 | 0 |  | 47988 |  |
| Minnesota | Minnesota |  | 0 | 10864 | 0 | 0 |  | 10864 |  |
| Mississippi | Mississippi |  | 0 | 3491 | 0 | 0 |  | 3491 |  |
| Missouri | Missouri |  | 0 | 7124 | 0 | 0 |  | 7124 |  |
| Multi-State | Multi-State |  | 0 | 37161 | 0 | 0 |  | 37161 |  |
| Nevada | Nevada |  | 0 | 3753 | 0 | 0 |  | 3753 |  |
| New Hampshire | New Hampshire |  | 0 | 19858 | 0 | 0 |  | 19858 |  |
| New Jersey | New Jersey |  | 0 | 21052 | 0 | 0 |  | 21052 |  |
| New Mexico | New Mexico |  | 0 | 7575 | 0 | 0 |  | 7575 |  |
| New York | New York |  | 0 | 87753 | 0 | 0 |  | 87753 |  |
| North Carolina | North Carolina |  | 0 | 4039 | 0 | 0 |  | 4039 |  |
| North Dakota | North Dakota |  | 0 | 2009 | 0 | 0 |  | 2009 |  |
| Ohio | Ohio |  | 0 | 32485 | 0 | 0 |  | 32485 |  |
| Oklahoma | Oklahoma |  | 0 | 6914 | 0 | 0 |  | 6914 |  |
| Oregon | Oregon |  | 0 | 18098 | 0 | 0 |  | 18098 |  |
| Pennsylvania | Pennsylvania |  | 0 | 40086 | 0 | 0 |  | 40086 |  |
| Puerto Rico | Puerto Rico |  | 0 | 24484 | 0 | 0 |  | 24484 |  |
| Rhode Island | Rhode Island |  | 0 | 8600 | 0 | 0 |  | 8600 |  |
| South Carolina | South Carolina |  | 0 | 12208 | 0 | 0 |  | 12208 |  |
| South Dakota | South Dakota |  | 0 | 3817 | 0 | 0 |  | 3817 |  |
| Tennessee | Tennessee |  | 0 | 15358 | 0 | 0 |  | 15358 |  |
| Texas | Texas |  | 0 | 184779 | 0 | 0 |  | 184779 |  |

---

------

<br> Schedule of Investments PIMCO National Intermediate Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Utah | 0 | 4916 | 0 | 4916 |
| Virginia | 0 | 9958 | 0 | 9958 |
| Washington | 0 | 32401 | 0 | 32401 |
| West Virginia | 0 | 6731 | 0 | 6731 |
| Wisconsin | 0 | 12535 | 0 | 12535 |
| U.S. Government Agencies | 0 | 33751 | 0 | 33751 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 32700 | 0 | 32700 |
| Municipal Bonds & Notes | 0 | 4124 | 0 | 4124 |
|  | $0 | $1179954 | $0 | $1179954 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $132348 | $0 | $0 | $132348 |
| Total Investments | $132348 | $1179954 | $0 | $1312302 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO National Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 97.8% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 97.7%**  |  |  |
| **ALABAMA 2.8%**  |  |  |
| **Alabama Community College System Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 06/01/2053 | $500 | $514 |
| **Lower Alabama Gas District Revenue Bonds, Series 2016** <br>5.000% due 09/01/2046 | 2150 | 2281 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2021** <br>4.000% due 12/01/2051 | 2185 | 2208 |
| **Sylacauga, Alabama General Obligation Bonds, (BAM Insured), Series 2024** <br>4.250% due 04/01/2049 | 1000 | 950 |
|  |  | 5953 |
| **ARIZONA 1.0%**  |  |  |
| **Maricopa County, Arizona Industrial Development Authority Revenue Bonds, Series 2020** <br>5.000% due 07/01/2047 | 2000 | 2023 |
| **ARKANSAS 1.9%**  |  |  |
| **University of Arkansas Revenue Bonds, Series 2022** <br>5.000% due 04/01/2052 | 4000 | 4128 |
| **CALIFORNIA 0.5%**  |  |  |
| **California State General Obligation Bonds, (AMBAC Insured), Series 1997** <br>5.125% due 10/01/2027 | 65 | 65 |
| **Modesto Elementary School District, California General Obligation Bonds, Series 2023** <br>5.000% due 08/01/2047 | 1000 | 1057 |
|  |  | 1122 |
| **COLORADO 2.4%**  |  |  |
| **Board of Governors of Colorado State University System Revenue Bonds, Series 2023** <br>5.000% due 03/01/2051 | 235 | 240 |
| **Colorado Health Facilities Authority Revenue Bonds, Series 2019** <br>5.000% due 11/01/2039 | 2500 | 2617 |
| **Northern Colorado Water Conservancy District Certificates Of Participation Bonds, Series 2022** <br>5.250% due 07/01/2052 | 2100 | 2186 |
|  |  | 5043 |
| **DISTRICT OF COLUMBIA 1.6%**  |  |  |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2017** <br>5.000% due 10/01/2042 | 3475 | 3508 |
| **FLORIDA 8.0%**  |  |  |
| **Lee County, Florida Local Option Gas Tax Revenue Bonds, Series 2022** <br>5.250% due 08/01/2049 | 2000 | 2070 |
| **Miami-Dade County, Florida Aviation Revenue Bonds, Series 2015** <br>5.000% due 10/01/2038 | 5525 | 5533 |
| **Miami-Dade County, Florida Water & Sewer System Revenue Bonds, Series 2025** <br>4.500% due 10/01/2051 | 3000 | 2927 |
| **Pinellas Park, Florida Revenue Bonds, Series 2022** <br>5.000% due 09/01/2049 | 2200 | 2273 |
| **St Johns County, Florida School Board Certificates of Participation Bonds, (AGM Insured), Series 2023** <br>5.000% due 07/01/2048 | 2000 | 2061 |
| **Sumter County, Florida School Board Certificates of Participation Bonds, (AGM Insured), Series 2024** <br>5.250% due 01/01/2049 | 2100 | 2237 |
|  |  | 17101 |
| **GEORGIA 1.9%**  |  |  |
| **Bibb County, Georgia Development Authority Revenue Bonds, Series 2024** <br>4.375% due 07/01/2054 | 1000 | 993 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2022** <br>4.000% due 09/01/2052 | 2000 | 2049 |

---

------

<br> Schedule of Investments PIMCO National Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Valdosta & Lowndes County, Georgia Hospital Authority Revenue Bonds, (CNTY Insured), Series 2024** <br>4.125% due 10/01/2049 | 1000 | 962 |
|  |  | 4004 |
| **HAWAII 2.1%**  |  |  |
| **Hawaii Housing Finance & Development Corp. Revenue Bonds, Series 2011** <br>4.950% due 04/01/2029 | 4425 | 4525 |
| **ILLINOIS 8.5%**  |  |  |
| **Chicago Park District, Illinois General Obligation Bonds, Series 2024** <br>5.000% due 01/01/2046 | 1000 | 1029 |
| **Cook County, Illinois School District No 36, Winnetka General Obligation Bonds, Series 2022** <br>4.000% due 12/01/2042 | 1805 | 1819 |
| **Cook County, Illinois School District No 86 Harwood Heights General Obligation Bonds,(BAM Insured),Series 2024** <br>5.000% due 10/01/2049 | 1495 | 1531 |
| **DuPage County, Illinois School District No 13 Bloomingdale General Obligation Bonds, Series 2025** <br>4.250% due 11/01/2049 | 1645 | 1571 |
| **Illinois Finance Authority Revenue Bonds, Series 2022** <br>5.000% due 08/15/2047 | 1775 | 1795 |
| **Illinois State Toll Highway Authority Revenue Bonds, Series 2015** <br>5.000% due 01/01/2040 | 1805 | 1807 |
| **Illinois State Toll Highway Authority Revenue Bonds, Series 2016** <br>5.000% due 01/01/2041 | 2200 | 2212 |
| **Rock Island & Mercer Counties Community Unit School District No 300, Illinois General Obligation Bonds, (BAM Insured), Series 2025** <br>5.000% due 12/01/2050 | 2170 | 2252 |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, Series 2018**  |  |  |
| 5.250% due 01/01/2043  | 1120 | 1151 |
| 5.250% due 01/01/2048  | 2000 | 2030 |
| **Will County, Illinois School District No 86, Joliet General Obligation Bonds, (BAM Insured), Series 2024** <br>4.500% due 01/01/2049 | 1000 | 1001 |
|  |  | 18198 |
| **KANSAS 1.0%**  |  |  |
| **Leavenworth County, Kansas Unified School District No. 458 General Obligation Bonds, Series 2024** <br>5.000% due 09/01/2049 | 2000 | 2041 |
| **LOUISIANA 1.0%**  |  |  |
| **Lafayette, Louisiana Utilities Revenue Bonds, (AGC Insured), Series 2024** <br>5.000% due 11/01/2049 | 2000 | 2079 |
| **MAINE 2.5%**  |  |  |
| **Maine Health & Higher Educational Facilities Authority Revenue Bonds, (BAM Insured), Series 2022** <br>5.500% due 07/01/2050 | 5000 | 5276 |
| **MARYLAND 0.3%**  |  |  |
| **Montgomery County, Maryland Housing Opportunities Commission Revenue Bonds, Series 2005** <br>5.000% due 07/01/2031 | 625 | 634 |
| **MASSACHUSETTS 1.9%**  |  |  |
| **Massachusetts Bay Transportation Authority Revenue Bonds, Series 2020** <br>5.000% due 07/01/2050 | 3000 | 3037 |
| **Massachusetts Port Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2034 | 1000 | 1061 |
|  |  | 4098 |
| **MICHIGAN 4.7%**  |  |  |
| **Clarkston Community Schools, Michigan General Obligation Bonds, (Q-SBLF Insured), Series 2023** <br>5.000% due 05/01/2047 | 2500 | 2601 |
| **Jenison Public Schools, Michigan General Obligation Bonds, (Q-SBLF Insured), Series 2024** <br>5.000% due 05/01/2049 | 535 | 558 |
| **Lansing School District, Michigan General Obligation Bonds, (Q-SBLF Insured), Series 2022** <br>5.000% due 05/01/2046 | 3650 | 3766 |
| **Michigan State Hospital Finance Authority Revenue Notes, Series 2010** <br>5.000% due 11/15/2047 | 1730 | 1758 |
| **Saginaw City School District, Michigan General Obligation Bonds, (Q-SBLF Insured), Series 2021** <br>4.000% due 05/01/2050 | 750 | 694 |
| **Woodhaven-Brownstown School District, Michigan General Obligation Bonds, (Q-SBLF Insured), Series 2025** <br>5.000% due 11/01/2051 | 525 | 547 |
|  |  | 9924 |
| **MISSOURI 6.6%**  |  |  |
| **Andrew County Reorganized School District No 3, Missouri Certificates of Participation Bonds, (BAM Insured), Series 2023** <br>4.500% due 04/15/2048 | 2275 | 2295 |
| **Bi-State Development Agency of the Missouri-Illinois Metropolitan District Revenue Bonds, Series 2019** <br>5.000% due 10/01/2044 | 2225 | 2290 |
| **Blue Springs, Missouri Revenue Bonds, Series 2022** <br>5.000% due 08/01/2052 | 2500 | 2564 |

---

------

<br> Schedule of Investments PIMCO National Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kansas City Industrial Development Authority, Missouri Revenue Bonds, Series 2019** <br>5.000% due 03/01/2037 | 2930 | 3043 |
| **Marshall School District, Missouri Certificates of Participation Bonds, (BAM Insured), Series 2023** <br>5.000% due 03/01/2049 | 2000 | 2067 |
| **Orchard Farm, Missouri School Board Certificates of Participation Bonds, Series 2022** <br>5.500% due 04/01/2047 | 1780 | 1837 |
|  |  | 14096 |
| **MULTI-STATE 2.7%**  |  |  |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 3.996% due 12/25/2036  | 2907 | 2917 |
| 4.140% due 01/25/2040  | 2924 | 2854 |
|  |  | 5771 |
| **NEBRASKA 1.9%**  |  |  |
| **Fremont School District, Nebraska General Obligation Bonds, (AGM Insured), Series 2023** <br>5.000% due 12/15/2048 | 2925 | 3070 |
| **Southeast Community College Area, Nebraska Certificates of Participation Bonds, Series 2023** <br>4.500% due 12/15/2053 | 1000 | 996 |
|  |  | 4066 |
| **NEW HAMPSHIRE 2.3%**  |  |  |
| **New Hampshire Business Finance Authority Revenue Bonds, (BAM Insured), Series 2023** <br>5.250% due 12/01/2041 | 1450 | 1578 |
| **New Hampshire Housing Finance Authority Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.500% due 07/01/2055 | 2960 | 3333 |
|  |  | 4911 |
| **NEW JERSEY 0.5%**  |  |  |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2019** <br>5.000% due 06/15/2044 | 1000 | 1022 |
| **NEW YORK 5.3%**  |  |  |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2022** <br>5.000% due 02/01/2047 | 2535 | 2608 |
| **New York State Dormitory Authority Revenue Bonds, Series 2022** <br>5.000% due 05/01/2052 | 2500 | 2538 |
| **Schenectady County Capital Resource Corp. Union College Project, New York Revenue Bonds Series 2022** <br>5.250% due 07/01/2052 | 1000 | 1036 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2021** <br>5.000% due 05/15/2051 | 5000 | 5110 |
|  |  | 11292 |
| **NORTH CAROLINA 2.1%**  |  |  |
| **Charlotte-Mecklenburg Hospital Authority, North Carolina Revenue Bonds, Series 2013** <br>5.000% due 01/15/2039 | 4450 | 4460 |
| **OHIO 9.3%**  |  |  |
| **Akron City School District, Ohio Certificates of Participation Bonds, (AGM Insured), Series 2023** <br>5.000% due 08/01/2053 | 1000 | 1026 |
| **Amherst Exempted Village School District, Ohio Certificates of Participation Bonds, Series 2024** <br>5.000% due 12/01/2049 | 1000 | 1029 |
| **Columbus Regional Airport Authority, Ohio Revenue Bonds, Series 2025** <br>5.500% due 01/01/2050 | 3000 | 3171 |
| **Coshocton County, Ohio General Obligation Bonds, Series 2023** <br>5.000% due 12/01/2048 | 3405 | 3482 |
| **Lake County, Ohio General Obligation Bonds, Series 2024** <br>5.000% due 12/01/2050 | 2000 | 2044 |
| **Lake Local School District/Wood County, Ohio General Obligation Bonds, Series 2022** <br>4.000% due 12/01/2051 | 1500 | 1344 |
| **Princeton City School District, Ohio Certificates of Participation Bonds, Series 2024**  |  |  |
| 5.000% due 12/01/2049  | 500 | 512 |
| 5.000% due 12/01/2053  | 2465 | 2515 |
| **Toledo City School District, Ohio Certificates of Participation Bonds, (BAM Insured), Series 2024** <br>5.000% due 12/01/2048 | 1000 | 1046 |
| **Tolles Career & Technical Center, Ohio Certificates of Participation Bonds, Series 2024** <br>5.250% due 12/01/2049 | 2640 | 2737 |
| **Warren City School District, Ohio Certificates of Participation Bonds, Series 2023** <br>4.625% due 12/01/2052 | 1000 | 950 |
|  |  | 19856 |
| **OREGON 2.2%**  |  |  |
| **Crook County, Oregon General Obligation Bonds, Series 2022** <br>0.000% due 06/01/2042 (b) | 3775 | 3705 |

---

------

<br> Schedule of Investments PIMCO National Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Washington County, Oregon School District No 13 Banks General Obligation Bonds, Series 2024** <br>0.000% due 06/15/2044 (a) | 2500 | 1052 |
|  |  | 4757 |
| **PENNSYLVANIA 7.6%**  |  |  |
| **Commonwealth Financing Authority, Pennsylvania Revenue Bonds, (AGM Insured), Series 2018** <br>4.000% due 06/01/2039 | 1000 | 986 |
| **Commonwealth of Pennsylvania Certificates of Participation Bonds, Series 2018** <br>5.000% due 07/01/2043 | 3200 | 3273 |
| **Dallastown Area, Pennsylvania School District General Obligation Bonds, Series 2022** <br>5.000% due 03/15/2041 | 1750 | 1847 |
| **Keystone Central School District, Pennsylvania General Obligation Bonds, (BAM Insured), Series 2023** <br>4.375% due 02/15/2049 | 2000 | 1917 |
| **Lancaster County, Pennsylvania Convention Center Authority Revenue Bonds, (CNTY Insured), Series 2022** <br>4.000% due 05/01/2049 | 2000 | 1869 |
| **Mechanicsburg Area School District, Pennsylvania General Obligation Bonds, (AGM Insured), Series 2023** <br>5.000% due 05/15/2048 | 1770 | 1826 |
| **Middletown Area School District, Pennsylvania General Obligation Bonds,(BAM Insured), Series 2025** <br>5.000% due 03/01/2045 | 1000 | 1038 |
| **Muhlenberg School District, Pennsylvania General Obligation Bonds, Series 2024** <br>5.000% due 05/15/2049 | 1000 | 1031 |
| **Palmyra Area School District, Pennsylvania General Obligation Bonds, Series 2024** <br>5.000% due 06/01/2049 | 1375 | 1419 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2017** <br>5.000% due 12/01/2047 | 1000 | 1014 |
|  |  | 16220 |
| **TEXAS 9.7%**  |  |  |
| **Angleton Independent School District, Texas General Obligation Bonds, (BAM Insured), Series 2023** <br>4.000% due 02/15/2047 | 1000 | 944 |
| **Aubrey, Texas General Obligation Bonds, (AGC Insured), Series 2024** <br>4.000% due 02/15/2049 | 2000 | 1798 |
| **Austin, Texas Airport System Revenue Bonds, Series 2022** <br>5.250% due 11/15/2047 | 1725 | 1784 |
| **Bell County, Texas Water Control & Improvement District No 1 Revenue Bonds, (BAM Insured), Series 2024** <br>4.500% due 07/10/2046 | 1500 | 1479 |
| **Bexar County Texas Hospital District, General Obligation Bonds, Series 2023** <br>5.000% due 02/15/2048 | 1000 | 1038 |
| **Brownsville, Texas General Obligation Bonds, Series 2018** <br>5.000% due 02/15/2043 | 1000 | 1001 |
| **Goose Creek Consolidated Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2019** <br>4.500% due 10/01/2049 | 2000 | 2018 |
| **Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2022** <br>5.000% due 07/01/2052 | 2500 | 2560 |
| **Little Elm Independent School District, Texas General Obligation Bonds, Series 2023** <br>4.000% due 08/15/2048 | 1945 | 1787 |
| **Midland County, Texas Hospital District Revenue Bonds, (BAM Insured), Series 2024** <br>4.125% due 05/15/2049 | 1260 | 1164 |
| **Palacios Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2022** <br>4.000% due 02/15/2051 | 1190 | 1070 |
| **Tarrant County, Texas Hospital District General Obligation Bonds, Series 2023** <br>4.250% due 08/15/2048 | 2280 | 2174 |
| **Waller Consolidated Independent School District, Texas General Obligation Bonds,(BAM Insured), Series 2023** <br>4.000% due 02/15/2048 | 2000 | 1858 |
|  |  | 20675 |
| **UTAH 1.2%**  |  |  |
| **Salt Lake City, Utah Airport Revenue Bonds, Series 2021** <br>5.000% due 07/01/2037 | 1000 | 1067 |
| **South Utah Valley Solid Waste District Revenue Bonds, Series 2022** <br>5.000% due 04/15/2047 | 1450 | 1482 |
|  |  | 2549 |
| **VIRGINIA 1.3%**  |  |  |
| **Fairfax County, Virginia Redevelopment & Housing Authority Revenue Bonds, (FHA Insured), Series 2007** <br>4.750% due 04/01/2038 | 2775 | 2782 |
| **WASHINGTON 2.9%**  |  |  |
| **Central Puget Sound Regional Transit Authority, Washington Revenue Bonds, (NPFGC Insured), Series 1998** <br>4.750% due 02/01/2028 | 800 | 805 |
| **Port of Seattle, Washington Revenue Bonds, Series 2018** <br>5.000% due 05/01/2043 | 4000 | 4025 |

---

------

<br> Schedule of Investments PIMCO National Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Public Hospital District 1A of Whitman County, Washington General Obligation Bonds, Series 2023** <br>5.000% due 12/01/2053 | 1250 | 1286 |
|  |  | 6116 |
| Total Municipal Bonds & Notes (Cost $210,158) |  | 208230 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **Fidelity Investments Money Market Government Portfolio, Class I**<br> **3.850 (c)** | 242618 | 243 |
| Total Short-Term Instruments (Cost $243) |  | 243 |
| Total Investments in Securities (Cost $210,401) |  | 208473 |
| **INVESTMENTS IN AFFILIATES 1.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 1.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 268185 | 2612 |
| Total Short-Term Instruments (Cost $2,612) |  | 2612 |
| Total Investments in Affiliates (Cost $2,612) |  | 2612 |
| Total Investments 99.0% (Cost $213,013) |  | $211085 |
| Other Assets and Liabilities, net 1.0% |  | 2076 |
| Net Assets 100.0% |  | $213161 |

---

------

<br> Schedule of Investments PIMCO National Municipal Opportunistic Value Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Alabama | $0 | $5953 | $0 | $5953 |
| Arizona | 0 | 2023 | 0 | 2023 |
| Arkansas | 0 | 4128 | 0 | 4128 |
| California | 0 | 1122 | 0 | 1122 |
| Colorado | 0 | 5043 | 0 | 5043 |
| District of Columbia | 0 | 3508 | 0 | 3508 |
| Florida | 0 | 17101 | 0 | 17101 |
| Georgia | 0 | 4004 | 0 | 4004 |
| Hawaii | 0 | 4525 | 0 | 4525 |
| Illinois | 0 | 18198 | 0 | 18198 |
| Kansas | 0 | 2041 | 0 | 2041 |
| Louisiana | 0 | 2079 | 0 | 2079 |
| Maine | 0 | 5276 | 0 | 5276 |
| Maryland | 0 | 634 | 0 | 634 |
| Massachusetts | 0 | 4098 | 0 | 4098 |
| Michigan | 0 | 9924 | 0 | 9924 |
| Missouri | 0 | 14096 | 0 | 14096 |
| Multi-State | 0 | 5771 | 0 | 5771 |
| Nebraska | 0 | 4066 | 0 | 4066 |
| New Hampshire | 0 | 4911 | 0 | 4911 |
| New Jersey | 0 | 1022 | 0 | 1022 |
| New York | 0 | 11292 | 0 | 11292 |
| North Carolina | 0 | 4460 | 0 | 4460 |
| Ohio | 0 | 19856 | 0 | 19856 |
| Oregon | 0 | 4757 | 0 | 4757 |
| Pennsylvania | 0 | 16220 | 0 | 16220 |
| Texas | 0 | 20675 | 0 | 20675 |
| Utah | 0 | 2549 | 0 | 2549 |
| Virginia | 0 | 2782 | 0 | 2782 |
| Washington | 0 | 6116 | 0 | 6116 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 243 | 0 | 0 | 243 |
|  | $243 | $208230 | $0 | $208473 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $2612 | $0 | $0 | $2612 |
| Total Investments | $2855 | $208230 | $0 | $211085 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Schedule of Investments PIMCO New York Municipal Bond Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 91.6% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 86.7%**  |  |  |
| **ALABAMA 1.6%**  |  |  |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | $2400 | $2639 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 6800 | 7277 |
| **Southeast Alabama Gas Supply District Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 2000 | 2147 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2025** <br>5.000% due 01/01/2056 | 3100 | 3233 |
|  |  | 15296 |
| **CALIFORNIA 0.2%**  |  |  |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2055 | 2300 | 2386 |
| **CONNECTICUT 0.3%**  |  |  |
| **Norwalk, Connecticut Housing Authority Bonds, (FNMA Insured), Series 2024** <br>4.400% due 09/01/2042 | 2585 | 2605 |
| **GEORGIA 2.0%**  |  |  |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 06/01/2053  | 2000 | 2109 |
| 5.000% due 12/01/2053  | 3400 | 3640 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 12100 | 12894 |
|  |  | 18643 |
| **IOWA 0.1%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022** <br>4.000% due 12/01/2050 | 1400 | 1523 |
| **MICHIGAN 0.3%**  |  |  |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006** <br>3.445% (TSFR3M) due 07/01/2032 ~ | 2500 | 2493 |
| **MULTI-STATE 0.9%**  |  |  |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 3.996% due 12/25/2036  | 3973 | 3986 |
| 4.415% due 08/25/2040  | 4632 | 4689 |
|  |  | 8675 |
| **NEW HAMPSHIRE 0.3%**  |  |  |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2025** <br>4.086% due 01/20/2041 ~ | 3080 | 3055 |
| **NEW JERSEY 0.2%**  |  |  |
| **New Jersey Housing & Mortgage Finance Agency Revenue Bonds, (FNMA Insured), Series 2025** <br>4.550% due 05/01/2041 | 1740 | 1770 |
| **NEW YORK 74.8%**  |  |  |
| **Albany Capital Resource Corp. New York Revenue Bonds, Series 2024** <br>5.000% due 06/01/2064 | 2600 | 2482 |
| **Battery Park City Authority, New York Revenue Bonds, Series 2019** <br>5.000% due 11/01/2040 | 1000 | 1060 |
| **Brookhaven Local Development Corp. New York Revenue Bonds, Series 2020** <br>4.000% due 11/01/2055 | 4950 | 4116 |
| **Broome County, New York Local Development Corp. Revenue Bonds, (AGM Insured), Series 2020**  |  |  |
| 4.000% due 04/01/2034  | 1000 | 1029 |
| 4.000% due 04/01/2050  | 1000 | 894 |
| 5.000% due 04/01/2033  | 1100 | 1180 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2016** <br>5.000% due 07/01/2041 | 1500 | 1479 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 08/01/2035  | 400 | 403 |

---

------

<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 08/01/2036  | 500 | 504 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2018** <br>5.625% due 12/01/2050 | 4675 | 4012 |
| **Build NYC Resource Corp. New York Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 09/01/2040  | 1700 | 1680 |
| 5.000% due 09/01/2035  | 1200 | 1301 |
| 5.000% due 09/01/2036  | 1660 | 1789 |
| **Build NYC Resource Corp. New York Revenue Notes, Series 2024** <br>5.000% due 09/01/2033 | 1000 | 1095 |
| **Dutchess County, New York Local Development Corp. Revenue Bonds, Series 2017** <br>5.000% due 07/01/2035 | 1100 | 1129 |
| **Hempstead Town Local Development Corp. New York Revenue Bonds, Series 2017** <br>5.000% due 07/01/2047 | 1000 | 1004 |
| **Hudson Yards Infrastructure Corp. New York Revenue Bonds, Series 2017** <br>5.000% due 02/15/2042 | 2100 | 2129 |
| **Hudson Yards Infrastructure Corp. New York Revenue Bonds, Series 2021** <br>4.000% due 02/15/2039 | 3250 | 3334 |
| **Long Island Power Authority, New York Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 09/01/2053 | 3575 | 3708 |
| **Long Island Power Authority, New York Revenue Bonds, Series 2023** <br>5.000% due 09/01/2048 | 5500 | 5723 |
| **Madison County, New York Capital Resource Corp. Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 07/01/2040  | 750 | 849 |
| 5.000% due 07/01/2043  | 550 | 601 |
| **Metropolitan Transportation Authority Dedicated Tax Fund, New York Revenue Bonds, Series 2024**  |  |  |
| 4.000% due 11/15/2054  | 5000 | 4578 |
| 5.000% due 11/15/2045  | 4650 | 4936 |
| **Metropolitan Transportation Authority, New York Revenue Bonds, (AGM Insured), Series 2002** <br>3.326% (SOFRRATE) due 11/01/2032 ~ | 1500 | 1500 |
| **Metropolitan Transportation Authority, New York Revenue Bonds, (BAM Insured), Series 2016** <br>5.000% due 11/15/2056 | 3300 | 3309 |
| **Metropolitan Transportation Authority, New York Revenue Bonds, Series 2012** <br>2.500% due 11/01/2031 | 6000 | 6000 |
| **Metropolitan Transportation Authority, New York Revenue Bonds, Series 2022** <br>5.000% due 11/15/2046 | 2270 | 2359 |
| **Monroe County Industrial Development Corp. New York Revenue Bonds, Series 2017** <br>4.000% due 10/01/2047 | 2130 | 1796 |
| **Monroe County Industrial Development Corp. New York Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 12/01/2039  | 1300 | 1272 |
| 4.000% due 12/01/2046  | 5000 | 4344 |
| 4.000% due 07/01/2050  | 5000 | 4551 |
| **Monroe County Industrial Development Corp. New York Revenue Bonds, Series 2023** <br>5.000% due 07/01/2053 | 1000 | 1041 |
| **Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023** <br>4.720% due 01/01/2044 | 800 | 807 |
| **Nassau County, New York General Obligation Bonds, Series 2024** <br>5.000% due 04/01/2045 | 3195 | 3410 |
| **Nassau County, New York General Obligation Notes, Series 2017** <br>5.000% due 10/01/2027 | 2500 | 2614 |
| **New York City, New York General Obligation Bonds, Series 2016**  |  |  |
| 4.000% due 08/01/2031  | 2775 | 2787 |
| 4.000% due 12/01/2043  | 1000 | 951 |
| **New York City, New York General Obligation Bonds, Series 2022** <br>5.250% due 10/01/2043 | 2500 | 2670 |
| **New York City, New York General Obligation Bonds, Series 2024** <br>5.250% due 03/01/2053 | 10750 | 11230 |
| **New York City, New York General Obligation Bonds, Series 2025** <br>5.250% due 02/01/2046 | 5000 | 5325 |
| **New York City, New York Housing Development Corp. Revenue Bonds, (HUD Insured), Series 2024** <br>4.850% due 11/01/2059 | 2750 | 2738 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2015** <br>4.350% due 11/01/2048 | 1000 | 961 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2017** <br>3.750% due 11/01/2052 | 1000 | 862 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2024** <br>4.550% due 11/01/2054 | 5000 | 4861 |
| **New York City, New York Housing Development Corp. Revenue Bonds, Series 2025**  |  |  |
| 3.750% due 05/01/2065  | 4000 | 4063 |
| 4.750% due 11/01/2050  | 3365 | 3336 |
| 5.250% due 11/01/2055  | 750 | 764 |
| **New York City, New York Housing Development Corp. Revenue Notes, Series 2024**  |  |  |
| 4.000% due 12/15/2031  | 1250 | 1283 |
| 4.375% due 12/15/2031  | 2375 | 2432 |
| **New York City, New York Industrial Development Agency Revenue Bonds, (AGM Insured), Series 2020** <br>4.000% due 03/01/2045 | 1500 | 1409 |
| **New York City, New York Industrial Development Agency Revenue Bonds, Series 2020** <br>4.000% due 03/01/2045 | 5600 | 5178 |
| **New York City, New York Industrial Development Agency Revenue Notes, (AGM Insured), Series 2021**  |  |  |
| 5.000% due 01/01/2028  | 1150 | 1201 |
| 5.000% due 01/01/2029  | 1250 | 1330 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2013** <br>2.500% due 06/15/2050 | 10000 | 10000 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2016** <br>2.450% due 06/15/2049 | 525 | 525 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2019** <br>5.000% due 06/15/2049 | 4645 | 4760 |

---

------

<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 06/15/2050  | 155 | 141 |
| 5.000% due 06/15/2050  | 3135 | 3231 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 06/15/2048  | 1300 | 1376 |
| 5.250% due 06/15/2053  | 2400 | 2522 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 06/15/2048  | 5000 | 5221 |
| 5.000% due 06/15/2051  | 9000 | 9351 |
| 5.250% due 06/15/2053  | 6140 | 6487 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 06/15/2043  | 8000 | 8706 |
| 5.250% due 06/15/2055  | 1100 | 1163 |
| **New York City, New York Municipal Water Finance Authority Revenue Notes, Series 2022** <br>5.000% due 06/15/2030 | 3360 | 3739 |
| **New York City, New York Municipal Water Finance Authority, New York Revenue Bonds, (BABs), Series 2009** <br>2.450% due 06/15/2041 | 455 | 455 |
| **New York City, New York Transitional Finance Authority Building Aid Revenue Bonds, Series 2018**  |  |  |
| 4.000% due 07/15/2045  | 5000 | 4703 |
| 5.000% due 07/15/2035  | 2500 | 2626 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2010** <br>2.500% due 08/01/2039 | 700 | 700 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2014** <br>2.500% due 11/01/2042 | 10000 | 10000 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2016** <br>5.000% due 08/01/2032 | 1000 | 1012 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2017** <br>4.000% due 08/01/2042 | 2545 | 2475 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2018** <br>5.000% due 05/01/2037 | 2500 | 2594 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2019** <br>4.000% due 11/01/2039 | 7000 | 7025 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2021** <br>4.000% due 08/01/2039 | 3000 | 3031 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2022**  |  |  |
| 2.450% due 08/01/2052  | 320 | 320 |
| 5.250% due 08/01/2040  | 10000 | 10924 |
| 5.250% due 11/01/2048  | 9000 | 9423 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2023** <br>5.000% due 05/01/2053 | 2645 | 2709 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2026**  |  |  |
| 5.000% due 11/01/2045 (a)  | 1125 | 1194 |
| 5.000% due 11/01/2046 (a)  | 2000 | 2107 |
| 5.000% due 11/01/2047 (a)  | 7690 | 8035 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2023** <br>5.250% due 05/01/2050 | 2000 | 2093 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2039  | 14000 | 15707 |
| 5.000% due 11/01/2050  | 3200 | 3305 |
| **New York Convention Center Development Corp. Revenue Bonds, Series 2015**  |  |  |
| 4.000% due 11/15/2045  | 500 | 479 |
| 5.000% due 11/15/2029  | 1000 | 1001 |
| 5.000% due 11/15/2045  | 2000 | 2000 |
| **New York County, New York Tobacco Trust Revenue Bonds, Series 2005**  |  |  |
| 0.000% due 06/01/2050 (b)  | 5000 | 1074 |
| 0.000% due 06/01/2055 (b)  | 16875 | 1392 |
| **New York Energy Finance Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2056 | 2500 | 2651 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014**  |  |  |
| 5.000% due 11/15/2044  | 9250 | 9248 |
| 5.150% due 11/15/2034  | 2000 | 2002 |
| 5.375% due 11/15/2040  | 4000 | 4000 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2019**  |  |  |
| 2.625% due 09/15/2069  | 2100 | 1976 |
| 2.800% due 09/15/2069  | 2000 | 1869 |
| **New York Liberty Development Corp. Revenue Notes, Series 2021** <br>1.900% due 11/15/2031 | 2000 | 1791 |
| **New York Mortgage Agency Homeowner Mortgage State Revenue Bonds, Series 2015** <br>3.800% due 04/01/2028 | 2550 | 2550 |
| **New York Mortgage Agency Homeowner Mortgage State Revenue Bonds, Series 2025** <br>4.650% due 10/01/2050 | 3000 | 2990 |
| **New York Power Authority Revenue Bonds, Series 2020** <br>4.000% due 11/15/2045 | 10900 | 10340 |
| **New York Power Authority Revenue Bonds, Series 2024** <br>4.000% due 11/15/2049 | 3250 | 3001 |
| **New York State Dormitory Authority Revenue Bonds, (AGC Insured), Series 2025** <br>5.000% due 10/01/2038 | 6050 | 6888 |
| **New York State Dormitory Authority Revenue Bonds, (AGM Insured), Series 2024**  |  |  |
| 5.000% due 10/01/2038  | 2220 | 2435 |
| 5.000% due 10/01/2039  | 1000 | 1090 |
| **New York State Dormitory Authority Revenue Bonds, Series 2016**  |  |  |
| 4.000% due 07/01/2043  | 1380 | 1330 |
| 5.000% due 07/01/2046  | 6000 | 6005 |
| **New York State Dormitory Authority Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 12/01/2027  | 1100 | 1112 |
| 5.000% due 02/15/2038  | 1600 | 1631 |

---

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<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 07/01/2038  | 1000 | 1027 |
| **New York State Dormitory Authority Revenue Bonds, Series 2018**  |  |  |
| 4.000% due 07/01/2041  | 2000 | 2000 |
| 5.000% due 03/15/2044  | 2625 | 2683 |
| 5.000% due 07/01/2048  | 955 | 975 |
| 5.000% due 10/01/2048  | 1500 | 1685 |
| 5.250% due 03/15/2038  | 3500 | 3684 |
| **New York State Dormitory Authority Revenue Bonds, Series 2019**  |  |  |
| 5.000% due 03/15/2038  | 11450 | 12055 |
| 5.000% due 03/15/2043  | 3275 | 3377 |
| 5.000% due 03/15/2047  | 4500 | 4599 |
| 5.000% due 07/01/2049  | 4085 | 4164 |
| **New York State Dormitory Authority Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 03/15/2034  | 3000 | 3121 |
| 4.000% due 03/15/2035  | 5000 | 5179 |
| 4.000% due 02/15/2039  | 1635 | 1647 |
| 4.000% due 03/15/2044  | 1000 | 961 |
| 4.000% due 07/01/2050  | 3500 | 3138 |
| 4.000% due 07/01/2053  | 1670 | 1482 |
| 5.000% due 07/01/2050  | 5000 | 5146 |
| 5.000% due 07/01/2053  | 3000 | 3065 |
| **New York State Dormitory Authority Revenue Bonds, Series 2022**  |  |  |
| 4.000% due 05/01/2045  | 5000 | 4676 |
| 4.000% due 07/01/2049  | 1250 | 1111 |
| 4.000% due 07/01/2051  | 13000 | 11944 |
| 5.000% due 07/01/2042  | 750 | 804 |
| 5.000% due 07/15/2042  | 1000 | 1016 |
| **New York State Dormitory Authority Revenue Bonds, Series 2023** <br>5.000% due 03/15/2042 | 5000 | 5374 |
| **New York State Dormitory Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 03/15/2042  | 5050 | 5466 |
| 5.000% due 03/15/2043  | 4225 | 4531 |
| 5.000% due 03/15/2049  | 8000 | 8351 |
| 5.000% due 03/15/2054  | 4300 | 4454 |
| 5.000% due 03/15/2055  | 1300 | 1346 |
| 5.250% due 10/01/2049  | 4900 | 4967 |
| 5.250% due 05/01/2054  | 5000 | 5156 |
| **New York State Dormitory Authority Revenue Bonds, Series 2025**  |  |  |
| 4.250% due 07/01/2050  | 3000 | 2696 |
| 5.000% due 07/01/2037  | 1765 | 1968 |
| 5.000% due 03/15/2042  | 2500 | 2748 |
| 5.000% due 07/01/2042  | 1000 | 1101 |
| 5.000% due 03/15/2052  | 6000 | 6198 |
| **New York State Energy Research & Development Authority Revenue Bonds, Series 1994** <br>3.500% due 10/01/2029 | 4000 | 4039 |
| **New York State Environmental Facilities Corp. Revenue Bonds, Series 2012** <br>3.400% due 05/01/2030 | 1600 | 1600 |
| **New York State Environmental Facilities Corp. Revenue Bonds, Series 2018** <br>5.000% due 06/15/2043 | 2500 | 2575 |
| **New York State Environmental Facilities Corp. Revenue Bonds, Series 2020** <br>4.250% due 09/01/2050 | 3375 | 3392 |
| **New York State Environmental Facilities Corp. Revenue Bonds, Series 2023** <br>5.000% due 09/15/2048 | 3250 | 3421 |
| **New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020** <br>4.200% due 11/01/2054 (d) | 3000 | 2766 |
| **New York State Housing Finance Agency Revenue Bonds, Series 2025** <br>3.600% due 11/01/2064 | 4400 | 4431 |
| **New York State Thruway Authority Revenue Bonds, Series 2018** <br>4.000% due 01/01/2036 | 1000 | 1009 |
| **New York State Thruway Authority Revenue Bonds, Series 2019** <br>4.000% due 01/01/2041 | 5000 | 4918 |
| **New York State Thruway Authority Revenue Bonds, Series 2022** <br>5.000% due 03/15/2053 | 3000 | 3079 |
| **New York State Thruway Authority Revenue Bonds, Series 2025** <br>5.000% due 03/15/2055 | 13000 | 13437 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2019** <br>4.000% due 03/15/2045 | 3100 | 2919 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2020**  |  |  |
| 4.000% due 03/15/2049  | 2000 | 1820 |
| 5.000% due 03/15/2041  | 5000 | 5294 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 03/15/2047  | 1000 | 1040 |
| 5.000% due 03/15/2053  | 3000 | 3079 |
| **New York Transportation Development Corp. Revenue Bonds, (AGC Insured) ,Series 2024** <br>5.250% due 12/31/2054 | 10500 | 10653 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2023** <br>5.125% due 06/30/2060 | 5000 | 5023 |
| **New York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2025** <br>5.500% due 06/30/2059 | 4900 | 5114 |
| **New York Transportation Development Corp. Revenue Bonds, (BAM Insured), Series 2024** <br>5.500% due 06/30/2060 | 1100 | 1141 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2016** <br>5.000% due 07/01/2046 | 5010 | 5010 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2020**  |  |  |
| 5.000% due 12/01/2031  | 1385 | 1488 |
| 5.000% due 10/01/2035  | 2020 | 2108 |

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<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 10/01/2040  | 1885 | 1912 |
| 5.375% due 08/01/2036  | 1500 | 1566 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2021** <br>4.000% due 04/30/2053 | 3000 | 2553 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2022**  |  |  |
| 5.000% due 12/01/2032  | 4000 | 4371 |
| 5.000% due 12/01/2033  | 2000 | 2175 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2024** <br>5.250% due 06/30/2043 | 4000 | 4121 |
| **New York Transportation Development Corp. Revenue Notes, Series 2020** <br>4.000% due 10/01/2030 | 2500 | 2550 |
| **Niagara Tobacco Asset Securitization Corp. New York Revenue Bonds, Series 2014**  |  |  |
| 4.000% due 05/15/2029  | 410 | 404 |
| 5.250% due 05/15/2034  | 1000 | 1000 |
| **Oneida County, New York Local Development Corp. Revenue Bonds, (AGM Insured), Series 2019** <br>4.000% due 12/01/2049 | 2000 | 1818 |
| **Onondaga Civic Development Corp. New York Revenue Bonds, Series 2024**  |  |  |
| 5.125% due 08/01/2044  | 1000 | 890 |
| 5.375% due 08/01/2054  | 1000 | 870 |
| **Onondaga Civic Development Corp. New York Revenue Bonds, Series 2025** <br>5.500% due 12/01/2056 | 3250 | 3550 |
| **Onondaga County, New York Trust for Cultural Resources Revenue Bonds, Series 2019**  |  |  |
| 4.000% due 12/01/2047  | 2000 | 1823 |
| 4.000% due 12/01/2049  | 2015 | 1808 |
| 5.000% due 12/01/2043  | 1500 | 1561 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2016** <br>5.000% due 11/15/2041 | 1620 | 1635 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2018** <br>5.000% due 07/15/2038 | 4000 | 4186 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2019** <br>5.000% due 09/01/2033 | 3150 | 3403 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2022** <br>5.250% due 08/01/2047 | 4800 | 5014 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2023** <br>5.000% due 12/01/2037 | 2000 | 2182 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2024** <br>5.000% due 09/01/2040 | 2000 | 2155 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/15/2041  | 2290 | 2557 |
| 5.000% due 01/15/2044  | 3000 | 3236 |
| **Riverhead IDA Economic Job Development Corp. New York Revenue Bonds, (FNMA Insured), Series 2023** <br>4.500% due 02/01/2041 | 1379 | 1395 |
| **Schenectady County, New York Capital Resource Corp. Revenue Bonds, Series 2025** <br>5.000% due 01/01/2040 | 800 | 882 |
| **Suffolk County, New York Economic Development Corp. Revenue Bonds, Series 2021** <br>5.125% due 11/01/2041 | 1015 | 846 |
| **Suffolk Tobacco Asset Securitization Corp. New York Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 06/01/2066 (b)  | 27290 | 2427 |
| 4.000% due 06/01/2050  | 2500 | 2098 |
| **The Genesee County Funding Corporation Tax-Exempt, New York Revenue Bonds, Series 2022** <br>5.250% due 12/01/2052 | 3125 | 3154 |
| **Town of Hempstead, New York General Obligation Bonds, Series 2024** <br>4.000% due 05/01/2047 | 6000 | 5923 |
| **Triborough Bridge & Tunnel Authority Sales Tax, New York Revenue Bonds, Series 2022** <br>5.250% due 05/15/2062 | 6250 | 6484 |
| **Triborough Bridge & Tunnel Authority Sales Tax, New York Revenue Bonds, Series 2023**  |  |  |
| 5.000% due 05/15/2042  | 2545 | 2735 |
| 5.250% due 05/15/2058  | 4000 | 4162 |
| **Triborough Bridge & Tunnel Authority Sales Tax, New York Revenue Bonds, Series 2024** <br>5.250% due 05/15/2064 | 5000 | 5207 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2019** <br>5.000% due 11/15/2043 | 4000 | 4140 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2020** <br>5.000% due 11/15/2054 | 4000 | 4091 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2022** <br>5.250% due 05/15/2052 | 2500 | 2600 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2024** <br>5.250% due 05/15/2054 | 2000 | 2104 |
| **Triborough Bridge & Tunnel Authority, New York Revenue Notes, Series 2025** <br>5.000% due 03/01/2028 | 8000 | 8425 |
| **Troy Capital Resource Corp. New York Revenue Bonds, Series 2020** <br>5.000% due 09/01/2033 | 2500 | 2707 |
| **Troy Capital Resource Corp., New York Revenue Bonds, Series 2020** <br>5.000% due 09/01/2038 | 1500 | 1590 |
| **TSASC, Inc., New York Revenue Bonds, Series 2016** <br>5.000% due 06/01/2045 | 2000 | 1754 |
| **TSASC, Inc., New York Revenue Bonds, Series 2017** <br>5.000% due 06/01/2041 | 1940 | 1945 |
| **TSASC, Inc., New York Revenue Notes, Series 2017** <br>5.000% due 06/01/2027 | 3000 | 3079 |
| **Ulster County, New York Capital Resource Corp. Revenue Bonds, Series 2017** <br>5.250% due 09/15/2053 | 1000 | 909 |

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<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Utility Debt Securitization Authority, New York Revenue Bonds, Series 2023** <br>5.000% due 12/15/2041 | 5000 | 5550 |
|  |  | 708712 |
| **OHIO 0.6%**  |  |  |
| **Columbus Regional Airport Authority, Ohio Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 01/01/2036  | 2000 | 2225 |
| 5.000% due 01/01/2038  | 3400 | 3719 |
|  |  | 5944 |
| **PUERTO RICO 3.5%**  |  |  |
| **Commonwealth of Puerto Rico Bonds, Series 2022** <br>0.000% due 11/01/2043 | 5856 | 3755 |
| **Commonwealth of Puerto Rico General Obligation Bonds, Series 2021**  |  |  |
| 4.000% due 07/01/2037  | 5500 | 5337 |
| 4.000% due 07/01/2041  | 3400 | 3147 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.359% (US0003M + 0.520%) due 07/01/2029 ~ | 1430 | 1386 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2046 (b)  | 5400 | 1814 |
| 0.000% due 07/01/2051 (b)  | 30365 | 7635 |
| 4.550% due 07/01/2040  | 1000 | 1001 |
| 4.750% due 07/01/2053  | 9752 | 9207 |
|  |  | 33282 |
| **TENNESSEE 0.6%**  |  |  |
| **Tennergy Corp. Tennessee Revenue Bonds, Series 2022** <br>5.500% due 10/01/2053 | 2000 | 2146 |
| **Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021** <br>5.000% due 05/01/2052 | 3000 | 3207 |
|  |  | 5353 |
| **TEXAS 0.5%**  |  |  |
| **Austin Affordable PFC Inc., Texas Revenue Bonds, (FNMA Insured), Series 2024** <br>4.450% due 03/01/2043 | 1000 | 999 |
| **Fort Bend County, Texas Industrial Development Corp. Revenue Bonds, Series 2012** <br>4.750% due 05/01/2038 | 3500 | 3501 |
|  |  | 4500 |
| **WASHINGTON 0.2%**  |  |  |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024** <br>4.084% due 03/01/2050 | 1786 | 1752 |
| **WISCONSIN 0.6%**  |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2025** <br>5.750% due 12/31/2065 | 5200 | 5358 |
| Total Municipal Bonds & Notes (Cost $816,509) |  | 821347 |
| **U.S. GOVERNMENT AGENCIES 1.2%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.600% due 03/01/2041 | 1200 | 1212 |
| 5.210% due 08/01/2040 | 2660 | 2856 |
| **Federal Home Loan Mortgage Corp. Multifamily ML Certificates**<br>4.156% due 05/25/2041 ~ | 4931 | 4877 |
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.625% due 07/15/2040 •  | 1949 | 2006 |
| Total U.S. Government Agencies (Cost $10,686) |  | 10951 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 3.7%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (c) | 1627888 | 1628 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **MUNICIPAL BONDS & NOTES 3.5%**  |  |  |
| **Akron Central School District, New York General Obligation Notes, Series 2025** <br>4.000% due 07/07/2026 | $5000 | 5035 |

---

------

<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Albany City School District, New York General Obligation Notes, Series 2025** <br>4.000% due 06/25/2026 | 9000 | 9051 |
| **Chittenango Central School District, New York General Obligation Notes, Series 2025** <br>4.000% due 06/25/2026 | 9000 | 9047 |
| **Kingston City School District, New York General Obligation Notes, Series 2025** <br>4.000% due 06/30/2026 | 4100 | 4128 |
| **North Syracuse Central School District, New York General Obligation Notes, Series 2025** <br>4.000% due 07/31/2026 | 3000 | 3023 |
| **Starpoint Central School District, New York General Obligation Notes, Series 2025** <br>4.000% due 06/26/2026 | 3000 | 3016 |
| Total Municipal Bonds & Notes (Cost $33,243) |  | 33300 |
| Total Short-Term Instruments (Cost $34,871) |  | 34928 |
| Total Investments in Securities (Cost $862,066) |  | 867226 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 9.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 8766113 | 85391 |
| Total Short-Term Instruments (Cost $85,375) |  | 85391 |
| Total Investments in Affiliates (Cost $85,375) |  | 85391 |
| Total Investments 100.6% (Cost $947,441) |  | $952617 |
| **Financial Derivative Instruments (e) 0.0**%(Cost or Premiums, net $1,382) |  | 112 |
| Other Assets and Liabilities, net (0.6)% |  | (5566) |
| Net Assets 100.0% |  | $947163 |

---

------

<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security**. **Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(d)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Coupon | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020 | New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020 | 4.200 | % | 11/01/2054 | 11/01/2054 | 12/12/2023 | 12/12/2023 | 12/12/2023 | $ | 2766 | 0.29% |
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 337 | 337 | (37891) | (37891) | (37891) | $255 | $68 | 68 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **255** | **68** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Pay/<br>Receive<br>Floating Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Liability |
| Receive | Annual | 09/17/2055 | 13800 | 13800 | $1382 | 1382 | $ | 230 | 1612 | 44 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **1382** | **1382** | **$** | **230** | **1612** | **44** | **0** |
| **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $2,565 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Alabama | Alabama | Alabama | Alabama | $0 | 0 | 0 | $15296 | 15296 | 0 | 15296 |  |
| California | California | California | California | 0 | 0 | 0 | 2386 | 2386 | 0 | 2386 |  |
| Connecticut | Connecticut | Connecticut | Connecticut | 0 | 0 | 0 | 2605 | 2605 | 0 | 2605 |  |
| Georgia | Georgia | Georgia | Georgia | 0 | 0 | 0 | 18643 | 18643 | 0 | 18643 |  |
| Iowa | Iowa | Iowa | Iowa | 0 | 0 | 0 | 1523 | 1523 | 0 | 1523 |  |
| Michigan | Michigan | Michigan | Michigan | 0 | 0 | 0 | 2493 | 2493 | 0 | 2493 |  |
| Multi-State | Multi-State | Multi-State | Multi-State | 0 | 0 | 0 | 8675 | 8675 | 0 | 8675 |  |
| New Hampshire | New Hampshire | New Hampshire | New Hampshire | 0 | 0 | 0 | 3055 | 3055 | 0 | 3055 |  |
| New Jersey | New Jersey | New Jersey | New Jersey | 0 | 0 | 0 | 1770 | 1770 | 0 | 1770 |  |
| New York | New York | New York | New York | 0 | 0 | 0 | 708712 | 708712 | 0 | 708712 |  |
| Ohio | Ohio | Ohio | Ohio | 0 | 0 | 0 | 5944 | 5944 | 0 | 5944 |  |

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<br> Schedule of Investments PIMCO New York Municipal Bond Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Puerto Rico | 0 | 33282 | 0 | 33282 |
| Tennessee | 0 | 5353 | 0 | 5353 |
| Texas | 0 | 4500 | 0 | 4500 |
| Washington | 0 | 1752 | 0 | 1752 |
| Wisconsin | 0 | 5358 | 0 | 5358 |
| U.S. Government Agencies | 0 | 10951 | 0 | 10951 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 1628 | 0 | 1628 |
| Municipal Bonds & Notes | 0 | 33300 | 0 | 33300 |
|  | $0 | $867226 | $0 | $867226 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $85391 | $0 | $0 | $85391 |
| Total Investments | $85391 | $867226 | $0 | $952617 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | $0 | $112 | $0 | $112 |
| Total Financial Derivative Instruments | $0 | $112 | $0 | $112 |
| Totals | $85391 | $867338 | $0 | $952729 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 95.7% ¤** |  |  |
| **CORPORATE BONDS & NOTES 61.4%**  |  |  |
| **BANKING & FINANCE 51.6%**  |  |  |
| **ABN AMRO Bank NV**  |  |  |
| 5.750% due 09/22/2033 •(d)(e)  | 1100 | $1308 |
| 6.375% due 09/22/2034 •(d)(e)  | 1200 | 1507 |
| 6.875% due 09/22/2031 •(d)(e)  | 4300 | 5530 |
| **African Development Bank** <br>5.875% due 05/07/2035 •(d)(e) | $2000 | 2003 |
| **AIB Group PLC**  |  |  |
| 6.000% due 07/14/2031 •(d)(e)  | 2000 | 2410 |
| 7.125% due 10/30/2029 •(d)(e)  | 3200 | 4069 |
| **Alfa Bank AO Via Alfa Bond Issuance PLC** <br>5.950% due 04/15/2030 ^«(a)(e) | $5000 | 300 |
| **ASR Nederland NV** <br>6.500% due 04/02/2035 •(d)(e) | 3500 | 4342 |
| **Aviva PLC** <br>7.750% due 09/30/2032 •(d)(e) | 1300 | 1851 |
| **Banco Bilbao Vizcaya Argentaria SA**  |  |  |
| 6.875% due 12/13/2030 •(d)(e)  | 1800 | 2291 |
| 8.375% due 06/21/2028 •(d)(e)  | 3800 | 4908 |
| 9.375% due 03/19/2029 •(d)(e)  | $1200 | 1340 |
| **Banco Mercantil del Norte SA** <br>8.375% due 10/14/2030 •(d)(e) | 8600 | 9153 |
| **Banco Santander SA**  |  |  |
| 9.625% due 11/21/2028 •(d)(e)  | 2400 | 2662 |
| 9.625% due 05/21/2033 •(d)(e)  | 7000 | 8457 |
| **Bank of Ireland Group PLC** <br>6.375% due 03/10/2030 •(d)(e) | 2450 | 3015 |
| **Bank of Montreal** <br>7.300% due 11/26/2084 •(e) | $2100 | 2240 |
| **Bank of Nova Scotia**  |  |  |
| 6.875% due 10/27/2085 •(e)  | 2000 | 2052 |
| 7.350% due 04/27/2085 •(e)  | 5200 | 5411 |
| 8.000% due 01/27/2084 •(e)  | 2000 | 2150 |
| **Barclays PLC**  |  |  |
| 6.125% due 12/15/2035 •(d)(e)  | 2500 | 2939 |
| 8.375% due 09/15/2031 •(d)(e)  | 2600 | 3761 |
| 8.500% due 06/15/2030 •(d)(e)  | 6100 | 8843 |
| 9.625% due 12/15/2029 •(d)(e)  | $6500 | 7391 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico**  |  |  |
| 7.625% due 02/11/2035 •(e)  | 3500 | 3684 |
| 8.125% due 01/08/2039 •(e)  | 5600 | 6062 |
| **BNP Paribas Cardif SA** <br>6.000% due 11/07/2035 •(d)(e) | 7100 | 8415 |
| **BNP Paribas SA**  |  |  |
| 7.375% due 09/10/2034 •(d)(e)  | $2500 | 2618 |
| 8.000% due 08/22/2031 •(d)(e)  | 10200 | 11050 |
| **CaixaBank SA** <br>7.500% due 01/16/2030 •(d)(e) | 1800 | 2343 |
| **Canadian Imperial Bank of Commerce**  |  |  |
| 6.950% due 01/28/2085 •(e)  | $3200 | 3300 |
| 7.000% due 10/28/2085 •(e)  | 7300 | 7629 |
| **Commerzbank AG**  |  |  |
| 6.500% due 10/09/2029 •(d)(e)  | 400 | 500 |
| 6.625% due 10/09/2032 •(d)(e)  | 2800 | 3462 |
| 7.875% due 10/09/2031 •(d)(e)  | 2800 | 3715 |
| **Cooperatieve Rabobank UA**  |  |  |
| 3.100% due 06/29/2028 •(d)(e)  | 7200 | 8219 |
| 3.250% due 12/29/2026 •(d)(e)  | 1000 | 1168 |
| 4.875% due 06/29/2029 •(d)(e)  | 3000 | 3572 |
| **Corebridge Financial, Inc.**  |  |  |
| 6.375% due 09/15/2054 •(g)  | $2200 | 2218 |
| 6.875% due 12/15/2052 •(g)  | 6100 | 6250 |
| **Credit Agricole Assurances SA** <br>6.250% due 06/17/2035 •(d)(e) | 2200 | 2705 |
| **Credit Agricole SA**  |  |  |
| 5.875% due 03/23/2035 •(d)(e)  | 2500 | 3018 |
| 7.250% due 09/23/2028 •(d)(e)  | 800 | 1008 |
| **Credit Suisse AG AT1 Claim** <br>1.000% due 12/31/2060 | $58550 | 17272 |
| **Dai-ichi Life Insurance Co. Ltd.** <br>6.200% due 01/16/2035 •(d) | 4300 | 4509 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Deutsche Bank AG**  |  |  |
| 7.125% due 10/30/2030 •(d)(e)  | 2400 | 2988 |
| 7.375% due 10/30/2031 •(d)(e)  | 1600 | 2027 |
| 8.125% due 10/30/2029 •(d)(e)  | 3200 | 4092 |
| 10.000% due 12/01/2027 •(d)(e)  | 4200 | 5421 |
| **DNB Bank ASA** <br>7.375% due 05/30/2029 •(d)(e) | $5200 | 5465 |
| **Equitable Holdings, Inc.** <br>6.700% due 03/28/2055 •(g) | 2000 | 2093 |
| **Erste Group Bank AG**  |  |  |
| 4.250% due 10/15/2027 •(d)(e)  | 5400 | 6342 |
| 8.500% due 10/15/2028 •(d)(e)  | 2000 | 2614 |
| **Global Atlantic Fin Co.**  |  |  |
| 7.250% due 03/01/2056 •  | $2000 | 2010 |
| 7.950% due 10/15/2054 •(g)  | 3250 | 3374 |
| **Groupe des Assurances du Credit Mutuel SADIR** <br>5.000% due 10/30/2044 •  | 600 | 737 |
| **HSBC Holdings PLC**  |  |  |
| 6.875% due 09/11/2029 •(d)(e)  | $900 | 934 |
| 6.950% due 03/11/2034 •(d)(e)  | 2200 | 2316 |
| **ING Groep NV** <br>8.000% due 05/16/2030 •(d)(e) | 7700 | 8360 |
| **Intesa Sanpaolo SpA** <br>9.125% due 09/07/2029 •(d)(e) | 7800 | 10599 |
| **KBC Group NV**  |  |  |
| 6.250% due 09/17/2031 •(d)(e)  | 1600 | 1975 |
| 8.000% due 09/05/2028 •(d)(e)  | 6400 | 8284 |
| **La Mondiale SAM** <br>6.750% due 01/17/2034 •(d)(e) | 1900 | 2378 |
| **Legal & General Group PLC** <br>5.250% due 03/21/2047 •  | $3900 | 3926 |
| **Liberty Mutual Group, Inc.**  |  |  |
| 4.125% due 12/15/2051 •  | 5500 | 5424 |
| 4.300% due 02/01/2061  | 4300 | 2870 |
| **Lloyds Banking Group PLC**  |  |  |
| 7.875% due 06/27/2029 •(d)(e)  | 2400 | 3423 |
| 8.500% due 09/27/2027 •(d)(e)  | 700 | 990 |
| 8.500% due 03/27/2028 •(d)(e)  | 8100 | 11556 |
| **MetLife, Inc.** <br>6.350% due 03/15/2055 •  | $2000 | 2110 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>8.200% due 01/15/2029 •(d)(e) | 2000 | 2203 |
| **Mutuelle Assurance Travailleur Mutualiste SAM** <br>4.625% due 02/23/2036 | 1800 | 2180 |
| **Nationwide Building Society**  |  |  |
| 5.750% due 06/20/2027 •(d)(e)  | 700 | 944 |
| 7.500% due 12/20/2030 •(d)(e)  | 1100 | 1546 |
| 7.875% due 12/20/2031 •(d)(e)  | 1500 | 2139 |
| **NatWest Group PLC**  |  |  |
| 5.125% due 05/12/2027 •(d)(e)  | 2300 | 3084 |
| 7.500% due 02/28/2032 •(d)(e)  | 7000 | 9799 |
| 7.625% due 09/30/2035 •(d)(e)(g)  | 1500 | 2108 |
| 8.125% due 11/10/2033 •(d)(e)  | $4800 | 5414 |
| **Nippon Life Insurance Co.** <br>6.500% due 04/30/2055 •  | 7500 | 8081 |
| **NN Group NV** <br>5.750% due 09/11/2034 •(d)(e) | 3400 | 4074 |
| **Nomura Holdings, Inc.** <br>7.000% due 07/15/2030 •(d)(e) | $700 | 722 |
| **Prudential Financial, Inc.**  |  |  |
| 6.000% due 09/01/2052 •  | 8600 | 8889 |
| 6.500% due 03/15/2054 •(g)  | 2000 | 2115 |
| **Reinsurance Group of America, Inc.** <br>6.650% due 09/15/2055 •  | 2000 | 2074 |
| **RLGH Finance Bermuda Ltd.** <br>6.875% due 05/19/2032 •(d)(e) | 2400 | 2429 |
| **Royal Bank of Canada**  |  |  |
| 6.750% due 08/24/2085 •(e)  | 3900 | 4054 |
| 7.500% due 05/02/2084 •(e)  | 12300 | 13065 |
| **Societe Generale SA**  |  |  |
| 9.375% due 11/22/2027 •(d)(e)  | 900 | 962 |
| 10.000% due 11/14/2028 •(d)(e)  | 3400 | 3782 |
| **Standard Chartered PLC** <br>7.000% due 11/14/2035 •(d)(e) | 2000 | 2059 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>6.600% due 06/05/2034 •(d)(e) | 1500 | 1553 |
| **Svenska Handelsbanken AB** <br>4.375% due 03/01/2027 •(d)(e) | 2400 | 2379 |
| **Swiss RE Subordinated Finance PLC** <br>5.698% due 04/05/2035 •(g) | 1200 | 1249 |
| **Textron Financial Corp.** <br>5.848% (TSFR3M + 1.997%) due 02/15/2067 ~ | 6242 | 5642 |
| **Toronto-Dominion Bank**  |  |  |
| 7.250% due 07/31/2084 •(e)  | 2000 | 2109 |
| 8.125% due 10/31/2082 •(e)  | 9100 | 9603 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **UBS Group AG**  |  |  |
| 9.250% due 11/13/2028 •(d)(e)  | 800 | 880 |
| 9.250% due 11/13/2033 •(d)(e)  | 13200 | 15488 |
| **USB Realty Corp.** <br>5.313% (US0003M + 1.147%) due 01/15/2027 ~(d) | 6567 | 5253 |
|  |  | 420837 |
| **INDUSTRIALS 2.3%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 4370 | 4621 |
| **CVS Health Corp.** <br>7.000% due 03/10/2055 •  | 1500 | 1575 |
| **Enbridge, Inc.** <br>8.500% due 01/15/2084 •(g) | 1759 | 2018 |
| **Energy Transfer LP** <br>6.500% due 02/15/2056 •(g) | 1600 | 1595 |
| **Enterprise Products Operating LLC** <br>5.375% due 02/15/2078 •  | 3400 | 3390 |
| **South Jersey Industries, Inc.** <br>5.020% due 04/15/2031 | 6600 | 5728 |
|  |  | 18927 |
| **UTILITIES 7.5%**  |  |  |
| **AES Corp.** <br>6.950% due 07/15/2055 •  | 900 | 892 |
| **American Electric Power Co., Inc.**  |  |  |
| 6.050% due 03/15/2056 •  | 2800 | 2752 |
| 6.950% due 12/15/2054 •  | 2100 | 2259 |
| 7.050% due 12/15/2054 •  | 2100 | 2208 |
| **BP Capital Markets PLC** <br>6.450% due 12/01/2033 •(d)(g) | 3800 | 4049 |
| **CenterPoint Energy, Inc.** <br>6.850% due 02/15/2055 •  | 2600 | 2791 |
| **CMS Energy Corp.** <br>6.500% due 06/01/2055 •  | 2000 | 2058 |
| **Dominion Energy, Inc.**  |  |  |
| 6.625% due 05/15/2055 •  | 2100 | 2165 |
| 7.000% due 06/01/2054 •(g)  | 3800 | 4129 |
| **Electricite de France SA**  |  |  |
| 7.375% due 06/17/2035 •(d)  | 700 | 970 |
| 9.125% due 03/15/2033 •(d)  | $4200 | 4901 |
| **Entergy Corp.** <br>6.100% due 06/15/2056 •  | 1200 | 1199 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 4.496% due 05/15/2056 •  | 6000 | 7035 |
| 6.700% due 09/01/2054 •  | $4200 | 4367 |
| 6.750% due 06/15/2054 •  | 5400 | 5768 |
| **Sempra**  |  |  |
| 6.375% due 04/01/2056 •  | 3300 | 3374 |
| 6.400% due 10/01/2054 •(g)  | 1200 | 1221 |
| 6.625% due 04/01/2055 •  | 2900 | 2946 |
| **Sierra Pacific Power Co.** <br>6.200% due 12/15/2055 •  | 3200 | 3173 |
| **Verizon Communications, Inc.**  |  |  |
| 3.996% due 06/15/2056 •  | 1500 | 1755 |
| 5.742% due 06/15/2056 •  | 700 | 944 |
|  |  | 60956 |
| Total Corporate Bonds & Notes (Cost $457,846) |  | 500720 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Agence France Locale** <br>7.000% due 06/17/2031 •(d)(e) | 2000 | 2627 |
| Total Sovereign Issues (Cost $2,105) |  | 2627 |
|  | SHARES |  |
| **PREFERRED SECURITIES 33.5%**  |  |  |
| **BANKING & FINANCE 31.6%**  |  |  |
| **Ally Financial, Inc.**<br>4.700% due 05/15/2028 (d) | 2200000 | 2093 |
| **American AgCredit Corp.**<br>5.250% due 06/15/2026 (d) | 5000000 | 4915 |
| **American Express Co.**<br>3.550% due 09/15/2026 (d) | 5350000 | 5281 |
| **Banco Santander SA**<br>8.000% due 02/01/2034 (d)(e) | 4600000 | 5092 |
| **Bank of America Corp.**  |  |  |
| 5.875% due 03/15/2028 (d) | 23910000 | 24168 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.625% due 05/01/2030 (d) | 7200000 | 7503 |
| **Brighthouse Holdings LLC**<br>6.500% due 07/27/2037 þ(d) | 2000000 | 1693 |
| **CaixaBank SA**<br>8.250% due 03/13/2029 (d)(e) | 4200000 | 5496 |
| **Charles Schwab Corp.**  |  |  |
| 4.000% due 12/01/2030 (d) | 6100000 | 5702 |
| 5.000% due 12/01/2027 (d) | 4675000 | 4588 |
| **Citigroup, Inc.**  |  |  |
| 6.875% due 12/31/2099 | 2000000 | 2047 |
| 6.950% due 02/15/2030 (d) | 12700000 | 13088 |
| 7.000% due 08/15/2034 (d) | 750000 | 790 |
| 7.625% due 11/15/2028 (d) | 7200000 | 7546 |
| **CoBank ACB**<br>7.125% due 01/01/2030 (d) | 225000 | 234 |
| **Compeer Financial ACA**  |  |  |
| 4.875% due 08/15/2026 (d) | 5000000 | 4932 |
| 7.875% due 02/15/2031 •(d) | 4100000 | 4228 |
| **Cooperatieve Rabobank UA**<br>6.500% due 12/29/2049 þ(d) | 5939725 | 7860 |
| **Corebridge Financial, Inc.**<br>6.875% due 12/01/2030 •(d) | 4700000 | 4835 |
| **Depository Trust & Clearing Corp.**<br>3.375% due 06/20/2026 (d) | 10000000 | 9868 |
| **Farm Credit Bank of Texas**  |  |  |
| 6.200% due 06/15/2028 (d) | 7000000 | 6932 |
| 7.000% due 09/15/2030 (d) | 2400000 | 2476 |
| 7.750% due 06/15/2029 (d) | 4500000 | 4722 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 6.125% due 11/10/2034 (d) | 7200000 | 7338 |
| 6.850% due 02/10/2030 (d) | 1800000 | 1873 |
| 7.500% due 02/10/2029 (d) | 4200000 | 4457 |
| 7.500% due 05/10/2029 (d) | 7100000 | 7519 |
| **Huntington Bancshares, Inc.**<br>6.250% due 10/15/2030 (d) | 4100000 | 4107 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.200% due 09/01/2026 (d) | 62600 | 1144 |
| 4.625% due 06/01/2026 (d) | 171000 | 3358 |
| 6.500% due 04/01/2030 (d) | 15700000 | 16306 |
| 6.875% due 06/01/2029 (d) | 5800000 | 6127 |
| **MetLife Capital Trust IV**<br>7.875% due 12/15/2067 | 6100000 | 6769 |
| **MetLife, Inc.**<br>4.750% due 03/15/2026 (d) | 103400 | 2040 |
| **Morgan Stanley**  |  |  |
| 4.875% due 04/15/2026 (d) | 112700 | 2304 |
| 6.625% due 10/15/2029 (d) | 129200 | 3376 |
| 7.145% (TSFR3M + 3.422%) due 03/15/2026 (d) | 3600000 | 3611 |
| **Nationwide Building Society**<br>10.250% | 35604 | 6263 |
| **PNC Financial Services Group, Inc.**  |  |  |
| 3.400% due 09/15/2026 (d) | 10500000 | 10296 |
| 6.250% due 03/15/2030 (d) | 3300000 | 3409 |
| **State Street Corp.**<br>6.700% due 03/15/2029 (d) | 6200000 | 6447 |
| **Synchrony Financial**<br>8.250% (H15T5Y + 4.044%) due 05/15/2029 (d) | 82500 | 2169 |
| **Truist Financial Corp.**<br>5.100% due 03/01/2030 (d) | 2450000 | 2469 |
| **U.S. Bancorp**<br>5.300% due 04/15/2027 (d) | 4400000 | 4417 |
| **Wells Fargo & Co.**  |  |  |
| 4.250% due 09/15/2026 (d) | 129900 | 2308 |
| 4.750% due 03/15/2026 (d) | 63000 | 1228 |
| 6.850% due 09/15/2029 (d) | 9900000 | 10356 |
| 7.625% due 09/15/2028 (d) | 2300000 | 2455 |
|  |  | 258235 |
| **INDUSTRIALS 0.2%**  |  |  |
| **SVB Financial Trust**<br>0.000% due 11/07/2032 (c) | 1528000 | 199 |
| **Venture Global LNG, Inc.**<br>9.000% due 09/30/2029 (d) | 1500000 | 1189 |
|  |  | 1388 |
| **UTILITIES 1.7%**  |  |  |
| **Energy Transfer LP**<br>7.125% due 05/15/2030 (d) | 9200000 | 9438 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SCE Trust VII**<br>7.500% due 11/22/2028 (d) | 168700 | 4305 |
|  |  | 13743 |
| Total Preferred Securities (Cost $305,379) |  | 273366 |
| **SHORT-TERM INSTRUMENTS 0.5%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.850% (f) | 8813 | 9 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 3.693% due 01/13/2026 - 04/28/2026 (b)(c)(j) | $4210 | 4175 |
| Total Short-Term Instruments (Cost $4,184) |  | 4184 |
| Total Investments in Securities (Cost $769,514) |  | 780897 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 5.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 5.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 4364940 | 42519 |
| Total Short-Term Instruments (Cost $42,483) |  | 42519 |
| Total Investments in Affiliates (Cost $42,483) |  | 42519 |
| Total Investments 100.9% (Cost $811,997) |  | $823416 |
| **Financial Derivative Instruments (h)(i) (0.5)**%(Cost or Premiums, net $1,137) |  | (4103) |
| Other Assets and Liabilities, net (0.4)% |  | (3639) |
| Net Assets 100.0% |  | $815674 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(b)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(e)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | BOS | 4.110%  | 12/05/2025 | 12/05/2025 | 01/05/2026 | 01/05/2026 | (7511) | (7511) | $ | (7536) |
|  |  |  | 4.110  | 01/05/2026 | 01/05/2026 | 06/05/2026 | 06/05/2026 | (7532) | (7532) |  | (7532) |
| BRC | BRC | BRC | 2.650  | 12/19/2025 | 12/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (317) | (317) |  | (427) |
|  |  |  | 3.650  | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2145) | (2145) |  | (2149) |
| IND | IND | IND | 4.250  | 11/28/2025 | 11/28/2025 | 02/27/2026 | 02/27/2026 | (2857) | (2857) |  | (2868) |
|  |  |  | 4.400  | 12/18/2025 | 12/18/2025 | 03/16/2026 | 03/16/2026 | (3338) | (3338) |  | (3345) |
| JML | JML | JML | 2.750  | 12/19/2025 | 12/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (422) | (422) |  | (569) |
| SOG | SOG | SOG | 4.350  | 12/17/2025 | 12/17/2025 | 01/21/2026 | 01/21/2026 | (1175) | (1175) |  | (1177) |
|  |  |  | 4.370  | 10/08/2025 | 10/08/2025 | 01/08/2026 | 01/08/2026 | (8025) | (8025) |  | (8109) |
|  |  |  | 4.470  | 10/31/2025 | 10/31/2025 | 01/08/2026 | 01/08/2026 | (1756) | (1756) |  | (1770) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **$** | **(35482)** |
| **(g)** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $30,481 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(27766) at a weighted average interest rate of 4.694%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Long Guilt March Futures  | Long Guilt March Futures  | 03/2026 | 88 | 88 | $10838 | 10838 | $77 | 77 | $19 | 19 | $(8) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 79 | 79 | 16494 | 16494 | (17) | (17) | 0 | 0 | (6) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 948 | 948 | 103621 | 103621 | (343) | (343) | 0 | 0 | (112) |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 436 | 436 | 51448 | 51448 | (844) | (844) | 0 | 0 | (163) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 544 | 544 | 62569 | 62569 | (503) | (503) | 0 | 0 | (102) |
|  |  |  |  |  |  |  | (1630) | $ | 19 | $ | (391) |

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<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 61 | $ | (8327) | 65 | 65 | 6 | 6 | 6 | $ | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 167 |  | (25037) | 334 | 334 | 45 | 45 | 45 |  | 0 |
| Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | Euro-Buxl 30-Year Bond March Futures  | 03/2026 | 03/2026 | 41 |  | (5306) | 84 | 84 | 16 | 16 | 16 |  | 0 |
| Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | Euro-Schatz March Futures  | 03/2026 | 03/2026 | 228 |  | (28614) | 42 | 42 | 3 | 3 | 3 |  | 0 |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 59 |  | (6634) | 47 | 47 | 12 | 12 | 12 |  | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 13 |  | (1503) | 26 | 26 | 3 | 3 | 3 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 598 | $ | 85 | 85 | $ | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(1032)** | **$** | **104** | **104** | **$** | **$** | **(391)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Asset | Liability |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | 09/17/2027 | 09/17/2027 | GBP | 3500 | 3500 | 24 | (18) | 6 | 6 | $0 | 0 | 0 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750 | Annual | 09/17/2030 | 09/17/2030 |  | 28400 | 28400 | 85 | 73 | 158 | 158 | 32 | 32 | 32 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 09/17/2035 | 09/17/2035 |  | 12300 | 12300 | 259 | (289) | (30) | (30) | 0 | 0 | 0 | (17) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 09/17/2055 | 09/17/2055 |  | 4170 | 4170 | 197 | (245) | (48) | (48) | 0 | 0 | 0 | (11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 12/18/2026 | $ | $800 | 800 | 4 | (2) | 2 | 2 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 09/17/2027 |  | 100 | 100 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 12/18/2029 |  | 12700 | 12700 | (271) | 103 | (168) | (168) | 17 | 17 | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 03/19/2035 |  | 35800 | 35800 | 2483 | (797) | 1686 | 1686 | 80 | 80 | 80 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 06/15/2052 |  | 5400 | 5400 | (1285) | (910) | (2195) | (2195) | 0 | 0 | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 | 12/18/2054 |  | 1000 | 1000 | (43) | 156 | 113 | 113 | 3 | 3 | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 | 06/18/2055 |  | 2100 | 2100 | (284) | (55) | (339) | (339) | 0 | 0 | 0 | (7) |
| Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.000 | Annual | 03/18/2028 | 03/18/2028 | EUR | 10000 | 10000 | (38) | (32) | (70) | (70) | 0 | 0 | 0 | (1) |
| Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 | 03/18/2031 |  | 2610 | 2610 | 11 | (27) | (16) | (16) | 0 | 0 | 0 | (2) |
| Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/18/2036 | 03/18/2036 |  | 1500 | 1500 | (10) | 42 | 32 | 32 | 2 | 2 | 2 | 0 |
| Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/18/2056 | 03/18/2056 |  | 250 | 250 | 5 | (20) | (15) | (15) | 0 | 0 | 0 | (1) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **(2020)** | **(883)** | **$** | **134** | **134** | **$** | **(53)** |
| **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Cash of $8,468 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset |  | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $816 | 816 | 816 | 816 | 126901 | 126901 | 0 | 0 | 0 | $ | (6) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | INR | 2724 | 2724 | 2724 | 2724 | 30 | 30 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 1095 | 1095 | 1095 | 1095 | 299 | 299 | 0 | 0 | 0 |  | (6) | (6) |
|  |  | 01/2026  | 01/2026  | 01/2026  | $ | $301 | 301 | 301 | 301 | 27361 | 27361 | 3 | 3 | 3 |  | 0 | 0 |
|  |  | 01/2026  | 01/2026  | 01/2026  |  | 4834 | 4834 | 4834 | 4834 | 17659 | 17659 | 85 | 85 | 85 |  | 0 | 0 |
|  |  | 02/2026  | 02/2026  | 02/2026  |  | 873 | 873 | 873 | 873 | 16142 | 16142 | 19 | 19 | 19 |  | 0 | 0 |
|  |  | 03/2026  | 03/2026  | 03/2026  |  | 468 | 468 | 468 | 468 | 8573 | 8573 | 6 | 6 | 6 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 01/2026  | 01/2026  | AUD | 2447 | 2447 | 2447 | 2447 | 1590 | 1590 | 0 | 0 | 0 |  | (43) | (43) |
|  |  | 01/2026  | 01/2026  | 01/2026  | CHF | 111 | 111 | 111 | 111 | 141 | 141 | 1 | 1 | 1 |  | 0 | 0 |
|  |  | 01/2026  | 01/2026  | 01/2026  | CNH | 8327 | 8327 | 8327 | 8327 | 1182 | 1182 | 0 | 0 | 0 |  | (13) | (13) |
|  |  | 01/2026  | 01/2026  | 01/2026  | ILS | 2557 | 2557 | 2557 | 2557 | 790 | 790 | 0 | 0 | 0 |  | (13) | (13) |
|  |  | 01/2026  | 01/2026  | 01/2026  | JPY | 112900 | 112900 | 112900 | 112900 | 731 | 731 | 9 | 9 | 9 |  | 0 | 0 |
|  |  | 01/2026  | 01/2026  | 01/2026  | NZD | 1608 | 1608 | 1608 | 1608 | 914 | 914 | 0 | 0 | 0 |  | (12) | (12) |
|  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 1096 | 1096 | 1096 | 1096 | 300 | 300 | 0 | 0 | 0 |  | (5) | (5) |
|  |  | 01/2026  | 01/2026  | 01/2026  | $ | $536 | 536 | 536 | 536 | 3773 | 3773 | 5 | 5 | 5 |  | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 74 | 63 | 0 | 0 |
|  | 01/2026  | 1134 | 860 | 25 | 0 |
|  | 01/2026  | 548 | 1973 | 2 | 0 |
|  | 01/2026  | 2616 | 82197 | 7 | (6) |
|  | 01/2026  | 580 | 9647 | 1 | 0 |
|  | 02/2026  | 30 | 2703 | 0 | 0 |
|  | 02/2026  | 1095 | 34359 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 567 | $658 | 0 | (8) |
|  | 01/2026  | $360 | 2515 | 1 | 0 |
|  | 02/2026  | 431 | $134 | 0 | (2) |
|  | 02/2026  | $220 | 3700 | 3 | 0 |
|  | 03/2026  | 723 | 13388 | 15 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 195 | 30383 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 3536 | $4163 | 6 | 0 |
|  | 01/2026  | 418 | 130 | 0 | (1) |
|  | 01/2026  | 1880619 | 1287 | 0 | (18) |
|  | 01/2026  | 1021 | 590 | 2 | 0 |
|  | 01/2026  | 3602 | 981 | 0 | (22) |
|  | 01/2026  | 222344 | 7109 | 30 | 0 |
|  | 01/2026  | $877 | 6120 | 2 | 0 |
|  | 01/2026  | 2188 | 1876 | 17 | 0 |
|  | 01/2026  | 6795 | 609682 | 4 | (32) |
|  | 01/2026  | 4 | 701 | 0 | 0 |
|  | 01/2026  | 90 | 323 | 0 | 0 |
|  | 01/2026  | 542 | 16916 | 0 | (3) |
|  | 01/2026  | 100 | 1701 | 3 | 0 |
|  | 02/2026  | 801 | $252 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 4987 | 3239 | 0 | (89) |
|  | 01/2026  | 128 | 159 | 0 | (2) |
|  | 01/2026  | 4150 | 590 | 0 | (6) |
|  | 01/2026  | 43041 | 56522 | 0 | (1495) |
|  | 01/2026  | 1401 | 803 | 0 | (4) |
|  | 01/2026  | $12 | 10 | 0 | 0 |
|  | 01/2026  | 226 | 725 | 2 | 0 |
|  | 01/2026  | 2410 | 44708 | 67 | 0 |
|  | 01/2026  | 225 | 3781 | 3 | 0 |
|  | 02/2026  | 725 | $226 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 3303 | 1018 | 0 | (19) |
|  | 01/2026  | 29778 | 330 | 0 | (1) |
|  | 01/2026  | 398 | 231 | 1 | 0 |
|  | 01/2026  | 10414 | 333 | 1 | 0 |
|  | 01/2026  | $284 | 227 | 4 | 0 |
|  | 01/2026  | 572 | 4030 | 7 | 0 |
|  | 01/2026  | 140 | 12646 | 0 | 0 |
|  | 01/2026  | 462 | 679430 | 9 | 0 |
|  | 01/2026  | 590 | 18456 | 0 | (2) |
|  | 02/2026  | 2630 | $820 | 0 | (6) |
|  | 02/2026  | $7301 | 40225 | 0 | (15) |
|  | 02/2026  | 360 | 32441 | 0 | 0 |
|  | 03/2026  | 342 | 6349 | 8 | 0 |
|  | 04/2026  | 1147 | 21158 | 16 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 17277 | $2453 | 0 | (26) |
|  | 01/2026  | 1555 | 475 | 0 | (13) |
|  | 01/2026  | 45658 | 32 | 0 | 0 |
|  | 01/2026  | 432 | 251 | 2 | 0 |
|  | 01/2026  | 472 | 130 | 0 | (2) |
|  | 01/2026  | $831 | 5834 | 6 | 0 |
|  | 02/2026  | 30 | 2704 | 0 | 0 |
|  | 02/2026  | 32 | 45598 | 0 | 0 |
|  | 02/2026  | 194 | 3602 | 5 | 0 |
|  | 04/2026  | 134 | 2466 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 6757 | $4801 | 0 | (125) |
|  | 01/2026  | 174 | 219 | 0 | (1) |
|  | 01/2026  | 2498 | 2907 | 0 | (30) |
|  | 01/2026  | 147700 | 950 | 7 | 0 |
|  | 01/2026  | 570 | 329 | 1 | 0 |
|  | 01/2026  | 9390 | 7237 | 0 | (73) |
|  | 01/2026  | $304 | 258 | 0 | (1) |
|  | 01/2026  | 142 | 106 | 1 | 0 |
|  | 01/2026  | 97 | 8742 | 0 | 0 |
|  | 01/2026  | 8 | 1302 | 0 | 0 |
|  | 02/2026  | 582 | 10786 | 14 | 0 |
|  | 03/2026  | 195 | 3589 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 849 | 1246822 | 15 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 8275 | $1175 | 0 | (13) |
|  | 01/2026  | $89 | 8006 | 0 | 0 |
|  | 01/2026  | 152 | 23568 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 125268 | $145031 | 0 | (2247) |
|  | 01/2026  | $1866 | 1425 | 55 | 0 |
|  | 01/2026  | 564 | 88166 | 0 | (1) |
|  | 03/2026  | 155 | $8 | 0 | 0 |
|  | 03/2026  | $0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 676 | $390 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 659 | 823 | 0 | (10) |
|  | 01/2026  | $430 | 1542 | 0 | 0 |
|  | 02/2026  | 192 | 3569 | 5 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Preferred and Capital Securities Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; WST | 01/2026  | 590 | 590 | CNH | 4117 | 4117 | 4117 |  | 0 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | $**481** | **481** | $**(4378)** | **(4378)** |
| **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $3,680 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | $420537 | 420537 | $300 | 300 | 420837 | 420837 |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 18927 | 18927 | 0 | 0 | 18927 | 18927 |
| Utilities | Utilities | Utilities | 0 | 0 | 0 | 60956 | 60956 | 0 | 0 | 60956 | 60956 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 2627 | 2627 | 0 | 0 | 2627 | 2627 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | Banking & Finance | 24190 | 24190 | 24190 | 234045 | 234045 | 0 | 0 | 258235 | 258235 |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 1388 | 1388 | 0 | 0 | 1388 | 1388 |
| Utilities | Utilities | Utilities | 4305 | 4305 | 4305 | 9438 | 9438 | 0 | 0 | 13743 | 13743 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 9 | 9 | 0 | 0 | 9 | 9 |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 4175 | 4175 | 0 | 0 | 4175 | 4175 |
|  |  |  | $28495 | 28495 | 28495 | $752102 | 752102 | $300 | 300 | 780897 | 780897 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $42519 | 42519 | 42519 | $0 | 0 | $0 | 0 | 42519 | 42519 |
| Total Investments | Total Investments | Total Investments | $71014 | 71014 | 71014 | $752102 | 752102 | $300 | 300 | 823416 | 823416 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 89 | 89 | 89 | 149 | 149 | 0 | 0 | 238 | 238 |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 481 | 481 | 0 | 0 | 481 | 481 |
|  |  |  | $89 | 89 | 89 | $630 | 630 | $0 | 0 | 719 | 719 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (8) | (8) | (8) | (436) | (436) | 0 | 0 | (444) | (444) |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (4378) | (4378) | 0 | 0 | (4378) | (4378) |
|  |  |  | $(8) | (8) | (8) | $(4814) | (4814) | $0 | 0 | (4822) | (4822) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $81 | 81 | 81 | $(4184) | (4184) | $0 | 0 | (4103) | (4103) |
| Totals | Totals | Totals | $71095 | 71095 | 71095 | $747918 | 747918 | $300 | 300 | 819313 | 819313 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 192.1% ¤** |  |  |
| **CORPORATE BONDS & NOTES 5.0%**  |  |  |
| **BANKING & FINANCE 3.3%**  |  |  |
| **ARES Strategic Income Fund** <br>5.450% due 09/09/2028 | $1100 | $1110 |
| **Athene Global Funding** <br>5.033% due 07/17/2030 | 1800 | 1815 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 5 | 5 |
| **Credit Suisse AG AT1 Claim** <br>1.000% due 12/31/2060 | 1374 | 404 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.900% due 02/16/2028  | 200 | 193 |
| 4.389% due 01/08/2026  | 200 | 200 |
| 5.800% due 03/05/2027  | 800 | 810 |
| 5.800% due 03/08/2029  | 300 | 307 |
| **GLP Capital LP/GLP Financing II, Inc.** <br>5.625% due 09/15/2034 | 100 | 102 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 250 | 250 |
| **Greengrove RE Ltd.** <br>11.292% (T-BILL 1MO + 7.750%) due 04/08/2032 ~ | 250 | 260 |
| **GSPA Monetization Trust** <br>6.422% due 10/09/2029 | 18 | 18 |
| **Healthcare Realty Holdings LP** <br>2.400% due 03/15/2030 | 346 | 315 |
| **Hestia Re Ltd.** <br>10.380% (BNMMDTSC + 6.750%) due 03/13/2032 ~ | 250 | 258 |
| **HSBC Holdings PLC** <br>2.357% due 08/18/2031 •  | 1569 | 1428 |
| **Integrity RE III Ltd.** <br>15.792% (T-BILL 1MO + 12.250%) due 06/06/2028 ~ | 250 | 264 |
| **MMIFS Re Ltd.** <br>5.208% (CAONINDX + 2.900%) due 01/10/2033 ~ | 250 | 183 |
| **Nomura Holdings, Inc.** <br>2.679% due 07/16/2030 | $1491 | 1380 |
| **Quercus II Re DAC** <br>13.026% (EUR003M + 11.000%) due 01/07/2031 «~ | 300 | 353 |
| **Wells Fargo & Co.** <br>3.900% due 07/22/2032 •  | 2200 | 2649 |
|  |  | 12304 |
| **INDUSTRIALS 0.9%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $1700 | 1797 |
| **DAE Funding LLC** <br>3.375% due 03/20/2028 | 600 | 585 |
| **Petroleos del Peru SA** <br>5.625% due 06/19/2047 | 600 | 382 |
| **Petroleos Mexicanos** <br>6.350% due 02/12/2048 | 300 | 236 |
| **United Airlines Pass-Through Trust** <br>5.450% due 08/15/2038 | 193 | 199 |
|  |  | 3199 |
| **UTILITIES 0.8%**  |  |  |
| **Pacific Gas & Electric Co.** <br>2.500% due 02/01/2031 | 2118 | 1909 |
| **Southern California Edison Co.**  |  |  |
| 2.950% due 02/01/2051  | 400 | 244 |
| 5.150% due 06/01/2029  | 800 | 818 |
|  |  | 2971 |
| Total Corporate Bonds & Notes (Cost $18,384) |  | 18474 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **ILLINOIS 0.1%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010**  |  |  |
| 6.630% due 02/01/2035  | 65 | 69 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.725% due 04/01/2035  | 142 | 151 |
| Total Municipal Bonds & Notes (Cost $214) |  | 220 |
| **U.S. GOVERNMENT AGENCIES 97.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 09/01/2032 | 1065 | 1043 |
| 4.000% due 01/01/2048 - 03/01/2049 | 368 | 356 |
| 4.500% due 09/01/2053 - 12/01/2053 | 2576 | 2520 |
| 4.500% due 10/01/2053 (g) | 2323 | 2271 |
| 5.500% due 02/01/2055 - 09/01/2055 | 3407 | 3506 |
| 5.500% due 09/01/2055 (g) | 2048 | 2108 |
| 6.000% due 10/01/2055 | 396 | 408 |
| 6.500% due 05/01/2035 - 04/01/2055 | 625 | 650 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 1271 | 1238 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 3.500% due 07/15/2042 | 814 | 768 |
| 4.814% due 11/25/2054 •  | 1460 | 1466 |
| 4.824% due 09/25/2055 •  | 4702 | 4729 |
| 4.974% due 07/25/2055 - 09/25/2055 •  | 6905 | 6957 |
| 5.024% due 12/25/2054 •  | 2698 | 2707 |
| 5.074% due 08/25/2055 •  | 5487 | 5513 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 01/01/2027 | 96 | 95 |
| 3.500% due 02/01/2043 - 09/01/2048 | 2586 | 2429 |
| 4.202% due 10/01/2029 ~(g) | 2400 | 2419 |
| 4.300% due 12/01/2029 | 1604 | 1618 |
| 4.300% due 12/01/2032 (g) | 13900 | 13864 |
| 4.500% due 07/01/2052 | 1073 | 1056 |
| 4.705% due 09/01/2031 ~(g) | 4700 | 4800 |
| 4.720% due 10/01/2028 | 1200 | 1227 |
| 4.770% due 10/01/2028 | 1000 | 1022 |
| 4.860% due 08/01/2030 | 700 | 719 |
| 4.930% due 06/01/2029 | 1100 | 1132 |
| 5.300% due 11/01/2030 (g) | 2100 | 2199 |
| 5.500% due 08/01/2053 - 11/01/2054 | 4005 | 4100 |
| 6.000% due 08/01/2036 - 04/01/2041 | 181 | 189 |
| 6.199% due 03/01/2034 •  | 5 | 5 |
| 6.343% due 12/01/2034 •  | 21 | 22 |
| 6.500% due 09/01/2036 - 04/01/2054 | 1408 | 1476 |
| 6.500% due 03/01/2055 (g) | 20849 | 21672 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.500% due 09/25/2040 | 649 | 643 |
| 4.824% due 11/25/2054 - 01/25/2055 •  | 3382 | 3394 |
| **Federal National Mortgage Association-ACES**<br>2.242% due 01/25/2031 ~(a) | 389 | 20 |
| **Government National Mortgage Association**<br>4.750% due 11/20/2044 •  | 106 | 108 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.337% due 08/20/2047 •  | 54 | 53 |
| 4.977% due 04/20/2068 •  | 410 | 415 |
| 5.068% due 07/20/2055 •  | 2255 | 2268 |
| **Government National Mortgage Association, TBA**  |  |  |
| 3.500% due 02/01/2056 | 12200 | 11103 |
| 4.000% due 02/01/2056 | 14840 | 14016 |
| 4.500% due 02/01/2056 | 6410 | 6240 |
| 5.000% due 01/01/2056 | 13880 | 13850 |
| 5.500% due 02/01/2056 | 6140 | 6196 |
| 6.000% due 02/01/2056 | 6060 | 6172 |
| **U.S. Small Business Administration**  |  |  |
| 5.490% due 03/01/2028 | 3 | 3 |
| 6.020% due 08/01/2028 | 20 | 21 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 1680 | 1485 |
| 4.000% due 02/01/2056 | 11660 | 11054 |
| 4.500% due 02/01/2056 | 4120 | 4019 |
| 5.000% due 01/01/2056 | 27170 | 27100 |
| 5.500% due 02/01/2056 | 17600 | 17831 |
| 6.000% due 03/01/2056 | 71980 | 73879 |
| 6.500% due 02/01/2056 - 03/01/2056 | 63430 | 65954 |
| Total U.S. Government Agencies (Cost $360,530) |  | 362108 |
| **U.S. TREASURY OBLIGATIONS 3.8%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 3.875% due 05/15/2043 (k) | 1500 | 1346 |
| 4.125% due 08/15/2053 (k) | 1000 | 886 |
| 4.625% due 05/15/2044 (i)(k) | 5700 | 5598 |
| 4.875% due 08/15/2045 (k) | 110 | 111 |
| **U.S. Treasury Notes**  |  |  |
| 3.875% due 07/31/2030 (k) | 6000 | 6045 |
| 4.250% due 08/15/2035 (k) | 218 | 220 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total U.S. Treasury Obligations (Cost $14,493) |  | 14206 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 9.2%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>5.018% due 01/25/2036 ~ | 441 | 344 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.036% due 10/25/2046 •  | 110 | 55 |
| 6.750% due 11/25/2046 þ  | 100 | 91 |
| **Atrium Hotel Portfolio Trust** <br>5.548% due 12/15/2036 •  | 2300 | 2255 |
| **Avon Finance** <br>4.642% due 12/28/2049 •  | 1568 | 2117 |
| **Banc of America Funding Trust** <br>4.654% due 09/20/2046 ~ | $416 | 377 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.166% due 08/25/2036 •  | 67 | 60 |
| 5.406% due 05/25/2035 ~  | 12 | 11 |
| **Chase Mortgage Finance Trust** <br>4.461% due 09/25/2036 ~ | 103 | 88 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 6.000% due 01/25/2037  | 227 | 104 |
| 6.000% due 02/25/2037  | 222 | 96 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.457% due 09/25/2037 ~ | 8 | 8 |
| **CitiMortgage Alternative Loan Trust** <br>4.446% due 04/25/2037 •  | 144 | 120 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.086% due 12/25/2046 •  | 614 | 560 |
| 5.500% due 05/25/2035  | 293 | 233 |
| 5.500% due 06/25/2035  | 194 | 156 |
| 5.500% due 11/25/2035  | 79 | 43 |
| 6.000% due 12/25/2035  | 256 | 180 |
| 6.000% due 05/25/2036  | 45 | 22 |
| 6.250% due 08/25/2036  | 629 | 325 |
| 7.000% due 10/25/2037  | 100 | 32 |
| **CSAB Mortgage-Backed Trust** <br>6.184% due 12/25/2036 þ | 1789 | 248 |
| **CSMC Trust**  |  |  |
| 2.000% due 01/25/2060 ~  | 1216 | 1087 |
| 4.191% due 06/25/2050 ~  | 539 | 490 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.226% due 02/25/2037 •  | 466 | 411 |
| 4.346% due 02/25/2035 •  | 24 | 23 |
| **First Horizon Alternative Mortgage Securities Trust** <br>5.005% due 06/25/2036 ~ | 279 | 219 |
| **HarborView Mortgage Loan Trust** <br>4.256% due 12/19/2036 •  | 262 | 214 |
| **Impac CMB Trust** <br>4.486% due 03/25/2035 •  | 86 | 84 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.246% due 11/25/2046 •  | 573 | 556 |
| 4.326% due 07/25/2035 •  | 165 | 155 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.248% due 12/15/2031 •  | 191 | 190 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.051% due 07/27/2037 ~  | 59 | 56 |
| 5.750% due 01/25/2036  | 11 | 5 |
| **Lehman Mortgage Trust** <br>4.496% due 11/25/2036 •  | 169 | 76 |
| **Lehman XS Trust** <br>4.296% due 08/25/2046 •  | 270 | 283 |
| **Luminent Mortgage Trust** <br>4.467% due 04/25/2036 ~ | 3036 | 1985 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.633% due 11/21/2034 ~ | 385 | 383 |
| **MASTR Asset Securitization Trust** <br>6.000% due 06/25/2036 | 106 | 57 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 4.246% due 03/25/2037 •  | 2119 | 498 |
| 6.000% due 03/25/2037  | 53 | 16 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.011% due 04/25/2035 ~  | 6 | 6 |
| 5.348% due 02/25/2036 ~  | 1 | 1 |
| **MFA Trust** <br>6.775% due 10/25/2058 þ | 837 | 845 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.000% due 08/25/2036 | 83 | 33 |
| **MortgageIT Trust** <br>4.366% due 12/25/2035 •  | 128 | 128 |
| **New Residential Mortgage Loan Trust** <br>3.500% due 12/25/2057 ~ | 759 | 743 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>5.476% due 05/25/2035 þ | 23 | 11 |
| **Nomura Resecuritization Trust** <br>4.746% due 07/25/2036 •  | 1992 | 1940 |

---

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<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NovaStar Mortgage Funding Trust** <br>0.388% due 09/25/2046 •  | 615 | 227 |
| **OBX Trust** <br>7.159% due 10/25/2063 þ | 988 | 1001 |
| **RALI Trust**  |  |  |
| 4.166% due 01/25/2037 •  | 1270 | 1163 |
| 4.346% due 08/25/2037 •  | 10 | 10 |
| 5.007% due 10/25/2037 ~  | 265 | 211 |
| 6.000% due 01/25/2037  | 27 | 22 |
| 6.000% due 03/25/2037  | 63 | 52 |
| **RFMSI Trust** <br>5.672% due 04/25/2037 ~ | 132 | 114 |
| **Sequoia Mortgage Trust** <br>3.544% due 09/20/2046 ~ | 69 | 46 |
| **Starwood Mortgage Residential Trust** <br>1.486% due 04/25/2065 ~ | 128 | 125 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.728% due 08/25/2035 ~  | 25 | 12 |
| 5.005% due 03/25/2036 ~  | 25 | 20 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 3.010% due 03/25/2044 ~  | 29 | 29 |
| 5.285% due 12/25/2044 ~  | 47 | 47 |
| **Towd Point Mortgage Trust**  |  |  |
| 3.000% due 01/25/2058 ~  | 87 | 86 |
| 3.266% due 10/25/2057 ~  | 1479 | 1254 |
| **Verus Securitization Trust**  |  |  |
| 4.260% due 02/25/2067 þ  | 907 | 874 |
| 5.811% due 05/25/2068 þ  | 637 | 638 |
| 6.443% due 08/25/2068 þ  | 1034 | 1040 |
| 6.476% due 06/25/2068 þ  | 583 | 585 |
| 6.665% due 09/25/2068 þ  | 820 | 827 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.930% due 06/25/2037 ~  | 94 | 83 |
| 4.303% due 06/25/2037 ~  | 90 | 81 |
| 4.386% due 12/25/2045 •  | 10 | 10 |
| 4.486% due 08/25/2045 •  | 2278 | 2288 |
| 4.509% due 10/25/2035 ~  | 15 | 14 |
| 4.626% due 01/25/2045 •  | 441 | 429 |
| 4.686% due 12/25/2035 ~  | 134 | 127 |
| 4.966% due 01/25/2035 ~  | 32 | 32 |
| 5.029% due 02/25/2046 •  | 48 | 44 |
| 5.099% due 01/25/2046 •  | 3993 | 3626 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.911% due 09/25/2036 •  | 459 | 119 |
| 4.346% due 02/25/2036 •  | 429 | 367 |
| 4.779% due 02/25/2047 •  | 629 | 597 |
| 4.969% due 04/25/2046 •  | 52 | 48 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.194% due 09/25/2036 ~ | 3 | 3 |
| Total Non-Agency Mortgage-Backed Securities (Cost $37,941) |  | 34271 |
| **ASSET-BACKED SECURITIES 27.9%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.2%**  |  |  |
| **CPS Auto Receivables Trust** <br>5.190% due 08/15/2028 | 739 | 740 |
| **AUTOMOBILE SEQUENTIAL 2.1%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>5.900% due 08/21/2028 | 1300 | 1332 |
| **Foursight Capital Automobile Receivables Trust** <br>5.990% due 05/15/2028 | 180 | 180 |
| **GLS Auto Select Receivables Trust** <br>5.960% due 10/16/2028 | 716 | 722 |
| **Hertz Vehicle Financing III LLC**  |  |  |
| 5.440% due 01/25/2029  | 2200 | 2248 |
| 5.490% due 06/25/2027  | 500 | 502 |
| **Lendbuzz Securitization Trust** <br>7.500% due 12/15/2028 | 1394 | 1419 |
| **Research-Driven Pagaya Motor Asset Trust** <br>7.130% due 01/26/2032 | 157 | 158 |
| **Research-Driven Pagaya Motor Asset Trust IV** <br>2.650% due 03/25/2030 | 128 | 126 |
| **Research-Driven Pagaya Motor Asset Trust V** <br>5.320% due 09/25/2030 | 159 | 160 |
| **SCCU Auto Receivables Trust** <br>5.700% due 10/16/2028 | 907 | 913 |
|  |  | 7760 |
| **CMBS OTHER 3.0%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 1293 | 1300 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LRECS LLC** <br>5.500% due 08/19/2043 •  | 1500 | 1503 |
| **MF1 Ltd.** <br>5.481% due 02/19/2037 •  | 2700 | 2702 |
| **Starwood Ltd.** <br>5.784% due 11/15/2038 •  | 4300 | 4314 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 1125 | 1123 |
|  |  | 10942 |
| **HOME EQUITY OTHER 13.1%**  |  |  |
| **Aegis Asset-Backed Securities Trust** <br>4.581% due 08/25/2035 •  | 4370 | 3871 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.506% due 11/25/2035 •  | 899 | 883 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.656% due 06/25/2034 •  | 680 | 714 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.896% due 08/25/2037 •  | 479 | 437 |
| 5.446% due 08/25/2037 •  | 3000 | 2676 |
| **Centex Home Equity Loan Trust** <br>4.491% due 03/25/2034 •  | 61 | 60 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.036% due 05/25/2037 •  | 752 | 512 |
| 4.166% due 09/25/2036 •  | 2474 | 1927 |
| 4.326% due 08/25/2036 •  | 1000 | 949 |
| 4.366% due 03/25/2036 •  | 879 | 814 |
| 4.746% due 09/25/2035 •  | 1370 | 1334 |
| **Countrywide Asset-Backed Certificates** <br>4.246% due 02/25/2037 •  | 220 | 211 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.586% due 08/25/2047 •  | 206 | 204 |
| **Countrywide Partnership Trust** <br>4.746% due 02/25/2035 •  | 2940 | 2933 |
| **Ellington Loan Acquisition Trust** <br>4.946% due 05/25/2037 •  | 841 | 827 |
| **Fremont Home Loan Trust**  |  |  |
| 4.126% due 11/25/2036 •  | 279 | 167 |
| 4.146% due 10/25/2036 •  | 986 | 395 |
| 4.186% due 02/25/2037 •  | 906 | 274 |
| 4.581% due 01/25/2035 •  | 19 | 19 |
| **GSAA Home Equity Trust**  |  |  |
| 3.986% due 03/25/2036 •  | 184 | 59 |
| 4.486% due 04/25/2047 •  | 346 | 150 |
| 6.795% due 06/25/2036 þ  | 335 | 73 |
| **GSAMP Trust**  |  |  |
| 3.936% due 01/25/2037 •  | 1338 | 829 |
| 4.046% due 12/25/2046 •  | 130 | 65 |
| 4.106% due 12/25/2046 •  | 1272 | 681 |
| 4.306% due 01/25/2037 •  | 410 | 363 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.066% due 04/25/2037 •  | 247 | 195 |
| **HSI Asset Securitization Corp. Trust** <br>4.326% due 11/25/2035 •  | 1415 | 1346 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.266% due 10/25/2036 •  | 45 | 45 |
| 4.446% due 07/25/2036 •  | 6824 | 6685 |
| **Long Beach Mortgage Loan Trust** <br>4.286% due 02/25/2036 •  | 270 | 269 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.366% due 02/25/2037 •  | 2245 | 635 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.061% due 03/25/2037 •  | 757 | 298 |
| 4.776% due 07/25/2035 •  | 327 | 323 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>6.532% due 10/25/2036 þ | 239 | 41 |
| **NovaStar Mortgage Funding Trust** <br>4.046% due 09/25/2037 •  | 259 | 257 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.386% due 01/25/2036 •  | 1723 | 1643 |
| 4.626% due 02/25/2035 •  | 232 | 224 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.821% due 07/25/2035 •  | 1400 | 1261 |
| 5.571% due 02/25/2035 •  | 4155 | 3893 |
| **Renaissance Home Equity Loan Trust** <br>4.946% due 09/25/2037 •  | 225 | 90 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.426% due 06/25/2033 •  | 53 | 51 |
| 4.506% due 12/25/2035 •  | 1203 | 1193 |
| 4.806% due 01/25/2036 •  | 5075 | 4902 |
| **Saxon Asset Securities Trust** <br>4.296% due 09/25/2036 •  | 1700 | 1467 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.566% due 10/25/2035 •  | 1509 | 1344 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Soundview Home Loan Trust**  |  |  |
| 4.311% due 02/25/2036 •  | 652 | 621 |
| 5.146% due 10/25/2037 •  | 379 | 300 |
|  |  | 48510 |
| **WHOLE LOAN COLLATERAL 1.2%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.296% due 10/25/2036 •  | 7 | 7 |
| 4.326% due 11/25/2036 •  | 3100 | 2956 |
| 7.250% due 05/25/2036 þ  | 83 | 41 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.126% due 03/25/2037 •  | 1716 | 904 |
| 4.156% due 09/25/2036 •  | 91 | 86 |
| 4.566% due 11/25/2035 •  | 402 | 381 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.602% due 12/25/2036 •  | 205 | 200 |
|  |  | 4575 |
| **OTHER ABS 8.3%**  |  |  |
| **Anchorage Credit Funding 13 Ltd.** <br>2.875% due 07/27/2039 | 300 | 289 |
| **Arbour CLO VII DAC** <br>3.280% due 12/15/2038 •  | 1900 | 2238 |
| **Atlas Senior Loan Fund XIV** <br>6.096% due 07/20/2032 •  | $2500 | 2513 |
| **Atlas Senior Loan Fund XVI Ltd.** <br>5.019% due 01/20/2034 •  | 1100 | 1100 |
| **Barings Euro CLO DAC** <br>0.000% due 08/15/2039 •(b) | 1000 | 1175 |
| **BlueMountain CLO Ltd.** <br>5.048% due 10/25/2030 •  | $481 | 481 |
| **BNPP AM Euro CLO DAC** <br>2.676% due 10/15/2031 •  | 344 | 404 |
| **Cairn CLO VII DAC** <br>2.736% due 01/31/2030 •  | 607 | 714 |
| **Carlyle Euro CLO DAC** <br>2.954% due 08/15/2032 •  | 716 | 843 |
| **Carlyle U.S. CLO Ltd.** <br>4.938% due 01/25/2035 •  | $1350 | 1350 |
| **CVC Cordatus Loan Fund XII DAC** <br>0.000% due 01/23/2039 •(b) | 500 | 588 |
| **CVC Cordatus Loan Fund XXIV DAC** <br>3.266% due 10/23/2034 •  | 896 | 1056 |
| **Elmwood CLO 15 Ltd.** <br>5.007% due 04/22/2035 •  | $1450 | 1450 |
| **Gallatin CLO VIII Ltd.** <br>5.816% due 07/15/2031 •  | 1200 | 1205 |
| **GreenSky Home Improvement Trust** <br>5.550% due 06/25/2059 | 700 | 719 |
| **Grosvenor Place CLO DAC** <br>3.383% due 08/15/2039 •  | 500 | 588 |
| **Jubilee CLO DAC** <br>2.659% due 04/15/2031 •  | 618 | 727 |
| **KKR CLO 16 Ltd.** <br>4.988% due 10/20/2034 •  | $900 | 900 |
| **Navesink CLO 2 Ltd.** <br>0.000% due 01/15/2036 •(b) | 2000 | 2000 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.588% due 04/20/2062 •  | 812 | 810 |
| 6.118% due 02/20/2041 •  | 139 | 142 |
| 6.640% due 02/20/2041  | 139 | 145 |
| **Pagaya AI Debt Grantor Trust** <br>5.331% due 01/15/2032 | 600 | 602 |
| **PK ALIFT Loan Funding 4 LP** <br>5.052% due 10/15/2039 | 1748 | 1755 |
| **SLM Private Education Loan Trust** <br>8.615% due 10/15/2041 •  | 1457 | 1533 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.070% due 01/15/2053  | 1132 | 1040 |
| 4.595% due 01/15/2053 •  | 1203 | 1193 |
| 5.074% due 07/15/2053 •  | 825 | 819 |
| 5.524% due 11/15/2052 •  | 309 | 313 |
| **SoFi Professional Loan Program LLC** <br>2.540% due 05/15/2046 | 435 | 421 |
| **Symphony CLO 36 Ltd.** <br>0.000% due 01/20/2036 •(b) | 500 | 500 |
| **Upstart Structured Pass-Through Trust** <br>4.250% due 06/17/2030 | 63 | 63 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Whetstone Park CLO Ltd.** <br>4.954% due 01/20/2035 •  | 1100 | 1100 |
|  |  | 30776 |
| Total Asset-Backed Securities (Cost $105,221) |  | 103303 |
| **SOVEREIGN ISSUES 16.6%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 5.000% due 10/01/2028  | 2340000 | 2618 |
| 5.800% due 10/01/2029  | 390000 | 444 |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (d) | 51000 | 9003 |
| **Colombia Government International Bonds** <br>8.375% due 11/07/2054 | $800 | 851 |
| **Colombia TES**  |  |  |
| 11.000% due 08/22/2029  | 17875600 | 4474 |
| 11.750% due 01/24/2035  | 3642700 | 898 |
| 12.750% due 11/28/2040  | 3860500 | 1002 |
| 13.250% due 02/09/2033  | 3341700 | 897 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $2100 | 2142 |
| **Ecuador Government International Bonds** <br>0.000% due 07/31/2030 (d) | 600 | 514 |
| **Egypt Government Bonds** <br>21.954% due 03/04/2028 | 36400 | 764 |
| **Ivory Coast Government International Bonds** <br>6.625% due 03/22/2048 | 600 | 639 |
| **Japan Government Thirty Year Bonds** <br>2.400% due 03/20/2055 | 290000 | 1521 |
| **Mexico Bonos** <br>8.500% due 03/01/2029 | 82800 | 4643 |
| **Mexico Government International Bonds** <br>5.850% due 07/02/2032 | $500 | 514 |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | 7300 | 2478 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 8600 | 2553 |
| 6.150% due 08/12/2032  | 34600 | 11109 |
| 6.950% due 08/12/2031  | 1281 | 424 |
| **Republic of Poland Government Bonds** <br>4.750% due 07/25/2029 | 6640 | 1882 |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 63750 | 3292 |
| 7.000% due 02/28/2031  | 53350 | 3152 |
| 8.000% due 01/31/2030  | 14500 | 896 |
| 8.250% due 03/31/2032  | 7300 | 452 |
| 8.500% due 01/31/2037  | 9100 | 546 |
| 8.875% due 02/28/2035  | 35200 | 2218 |
| **Romania Government International Bonds** <br>6.750% due 07/11/2039 | 800 | 981 |
| **Turkiye Government Bonds**  |  |  |
| 39.431% (BISTREFI + 0.000%) due 05/20/2026 ~  | 200 | 5 |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 100 | 2 |
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 18700 | 435 |
| Total Sovereign Issues (Cost $56,929) |  | 61349 |
|  | SHARES |  |
| **EXCHANGE-TRADED FUNDS 12.9%**  |  |  |
| **iShares Core S&P 500 ETF** | 69585 | 47661 |
| Total Exchange-Traded Funds (Cost $47,349) |  | 47661 |
| **SHORT-TERM INSTRUMENTS 18.8%**  |  |  |
| **REPURCHASE AGREEMENTS (g) 16.5%** |  | 61000 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOUTH AFRICA TREASURY BILLS 0.0%**  |  |  |
| 7.505% due 06/17/2026 (d)(e) | 2500 | 147 |
| **U.S. TREASURY BILLS 2.3%**  |  |  |
| 3.744% due 01/02/2026 - 04/07/2026 (c)(d)(k) | $8520 | 8474 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $69,612) |  | 69621 |
| Total Investments in Securities (Cost $710,673) |  | 711213 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1661 | 16 |
| Total Short-Term Instruments (Cost $16) |  | 16 |
| Total Investments in Affiliates (Cost $16) |  | 16 |
| Total Investments 192.1% (Cost $710,689) |  | $711229 |
| **Financial Derivative Instruments (h)(j) 1.5**%(Cost or Premiums, net $19,118) |  | 5252 |
| Other Assets and Liabilities, net (93.6)% |  | (346311) |
| Net Assets 100.0% |  | $370170 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(f)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/05/2026 | 28600 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (29170) | (29170) | 28600 | 28600 | $28600 |
|  | 01/02/2026 | 28900 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 07/31/2030 | (29439) | (29439) | 28900 | 28900 | 28906 |
| SAL | 01/02/2026 | 3500 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | (3573) | (3573) | 3500 | 3500 | 3501 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  |  | **(62182)** | **(62182)** | **61000** | **61000** | $**61007** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | 3.970%  | 3.970%  | 12/30/2025 | 12/30/2025 | 01/06/2026 | 01/06/2026 | $ | (15609) | (15609) | (15609) | $(15614) | (15614) |
| DEU | DEU | 3.950  | 3.950  | 12/29/2025 | 12/29/2025 | 01/07/2026 | 01/07/2026 |  | (25368) | (25368) | (25368) | (25379) | (25379) |
| SBI | SBI | 3.970  | 3.970  | 12/11/2025 | 12/11/2025 | 01/07/2026 | 01/07/2026 |  | (7052) | (7052) | (7052) | (7069) | (7069) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | $**(48062)** | **(48062)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% | U.S. Government Agencies (14.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000% | 3.000% | 02/01/2056 | $12200 | 12200 | $ | (10914) | (10914) | $(10950) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2056 | 9060 | 9060 |  | (7354) | (7354) | (7326) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 2.500 | 02/01/2056 | 12840 | 12840 |  | (10864) | (10864) | (10855) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 3.500 | 02/01/2056 | 25370 | 25370 |  | (23376) | (23376) | (23377) |
| **Total Short Sales (14.2)%** | **Total Short Sales (14.2)%** | **Total Short Sales (14.2)%** | **Total Short Sales (14.2)%** | **Total Short Sales (14.2)%** |  |  |  |  |  | **$** | **(52508)** | **(52508)** | $**(52508)** |
| **(g)** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $49,333 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(448) at a weighted average interest rate of 1.917%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOT U.S. Treasury 10-Year Note March Futures  | Put - CBOT U.S. Treasury 10-Year Note March Futures  | Put - CBOT U.S. Treasury 10-Year Note March Futures  | $111.000 | 02/20/2026 | 02/20/2026 | 02/20/2026 | 55 | 55 | $(29) | (29) | (29) | $ | (14) |

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<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | 114.000 | 114.000 | 02/20/2026 | 55 | 55 | 55 | 55 | (36) | (36) |  | (11) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(65)** | **(65)** | **$** | **(25)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 02/2026 | 02/2026 | 92 | 92 | 36958 | 36958 |  | (14) | (14) | (14) | 0 | 0 | 0 | 0 |
| 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 05/2026 | 05/2026 | 36 | 36 | 14485 | 14485 |  | (27) | (27) | (27) | 0 | 0 | 0 | (1) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 63 | 63 | 4603 | 4603 |  | 8 | 8 | 8 | 5 | 5 | 5 | 0 |
| California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | 12/2026 | 12/2026 | 8 | 8 | 263 | 263 |  | 2 | 2 | 2 | 1 | 1 | 1 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 115 | 115 | 17241 | 17241 |  | (239) | (239) | (239) | 0 | 0 | 0 | (31) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 409 | 409 | 85395 | 85395 |  | 76 | 76 | 76 | 0 | 0 | 0 | (29) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 1143 | 1143 | 124935 | 124935 |  | (330) | (330) | (330) | 0 | 0 | 0 | (134) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 159 | 159 | 17878 | 17878 |  | (37) | (37) | (37) | 0 | 0 | 0 | (32) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 15 | 15 | 1725 | 1725 |  | (3) | (3) | (3) | 0 | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | (564) | (564) | $ | 6 | 6 | 6 | (230) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | 01/2026 | 01/2026 | 48 | 48 | (16087) | (16087) |  | 55 | 55 | 55 | 140 | 140 | 140 | 0 |
| Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | 03/2026 | 03/2026 | 77 | 77 | (25838) | (25838) |  | (212) | (212) | (212) | 225 | 225 | 225 | 0 |
| Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | Euro-Bobl March Futures  | 03/2026 | 03/2026 | 41 | 41 | (5597) | (5597) |  | 43 | 43 | 43 | 4 | 4 | 4 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 128 | 128 | (18140) | (18140) |  | 168 | 168 | 168 | 44 | 44 | 44 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 18 | 18 | (15216) | (15216) |  | 102 | 102 | 102 | 33 | 33 | 33 | 0 |
| U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | U.S. Treasury Long-Term Bond March Futures  | 03/2026 | 03/2026 | 3 | 3 | (347) | (347) |  | 2 | 2 | 2 | 1 | 1 | 1 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 44 | 44 | (5192) | (5192) |  | 18 | 18 | 18 | 16 | 16 | 16 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 176 | 176 | $ | 463 | 463 | 463 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **(388)** | **(388)** | **$** | **469** | **469** | **469** | **(230)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | (1.000)% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | $ | 15100 | 15100 | (334) | (334) | $ | (12) | (346) | (346) | (346) | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | $ | 644 | 644 | (24) | (24) | $ | 28 | 4 | 4 | 4 | 0 | 0 | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 560 | 560 | (13) | (13) |  | 7 | (6) | (6) | (6) | 0 | 0 | 0 |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 1200 | 1200 | 92 | 92 |  | 1 | 93 | 93 | 93 | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  |  | 55 | 55 | $ | 36 | 91 | 91 | 91 | 0 | 0 | (1) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.750% | 3.750% | Annual | 09/17/2030 | 09/17/2030 | GBP | 33000 | 33000 | $(171) | (171) | $ | 354 | $183 | 183 | 183 | $37 | 37 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 4.320 | 4.320 | Annual | 10/20/2033 | 10/20/2033 |  | 200 | 200 | (1) | (1) |  | 10 | 9 | 9 | 9 | 0 | 0 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 3.700 | 3.700 | Annual | 03/28/2034 | 03/28/2034 |  | 100 | 100 | 0 | 0 |  | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.930 | 3.930 | Annual | 01/06/2035 | 01/06/2035 |  | 200 | 200 | (1) | (1) |  | 0 | (1) | (1) | (1) | 0 | 0 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | 09/17/2035 | 09/17/2035 |  | 3800 | 3800 | (111) | (111) |  | 120 | 9 | 9 | 9 | 5 | 5 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | 09/17/2055 | 09/17/2055 |  | 1950 | 1950 | 92 | 92 |  | (114) | (22) | (22) | (22) | 0 | 0 | (5) |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 | 560000 | (10) | (236) | (246) | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | $38600 | (100) | 87 | (13) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.982 | Annual | 09/30/2026 | 26600 | 0 | 84 | 84 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 05/31/2028 | 5660 | 0 | (23) | (23) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.662 | Annual | 05/31/2028 | 8000 | 0 | (35) | (35) | 6 | 0 |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.150 | Annual | 08/25/2028 | 33300 | (46) | (4) | (50) | 0 | (13) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 800 | (1) | (9) | (10) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 18100 | 433 | 8 | 441 | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 4490 | (62) | 7 | (55) | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 18780 | (315) | 69 | (246) | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 | 20360 | 178 | (211) | (33) | 33 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 6300 | 18 | (94) | (76) | 11 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 45500 | 5418 | (20) | 5398 | 86 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2032 | 17400 | (490) | 75 | (415) | 0 | (33) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2032 | 2330 | (24) | 3 | (21) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 23840 | (582) | 366 | (216) | 47 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 9300 | 608 | (157) | 451 | 19 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 10590 | (50) | 43 | (7) | 24 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 1800 | (11) | 9 | (2) | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 12/30/2034 | 200 | (1) | 5 | 4 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.933 | Annual | 01/06/2035 | 300 | (1) | 4 | 3 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 | 200 | (1) | 2 | 1 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 | 200 | (1) | 2 | 1 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 01/08/2035 | 300 | (1) | 3 | 2 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.896 | Annual | 01/08/2035 | 300 | (1) | 4 | 3 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 | 200 | (1) | 3 | 2 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 01/13/2035 | 400 | (1) | 4 | 3 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 01/15/2035 | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.013 | Annual | 01/15/2035 | 400 | (1) | 8 | 7 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 | 200 | (1) | 6 | 5 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 | 200 | (1) | 6 | 5 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 | 300 | (1) | 9 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 150 | (1) | 0 | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 200 | (1) | (1) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 400 | (1) | (2) | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 | 200 | (1) | (1) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 300 | (1) | (2) | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 400 | (1) | (5) | (6) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 600 | (2) | (5) | (7) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 400 | (1) | (2) | (3) | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 |  | 500 | (2) | 0 | (2) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 |  | 48970 | 85 | 80 | 165 | 116 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 2120 | (37) | 46 | 9 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 |  | 4800 | 73 | 302 | 375 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 |  | 12850 | 2885 | 2351 | 5236 | 33 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.046 | Annual | 11/15/2052 |  | 3080 | 0 | (66) | (66) | 0 | (11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.054 | Annual | 11/15/2052 |  | 3200 | 0 | (65) | (65) | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 |  | 14650 | 228 | 1451 | 1679 | 47 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 15180 | (1301) | (450) | (1751) | 0 | (48) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 3190 | 81 | 150 | 231 | 11 | 0 |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.110 | Annual | 08/25/2057 |  | 300 | 0 | (6) | (6) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | BRL | 1900 | 0 | (2) | (2) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 20200 | 0 | (17) | (17) | 0 | (3) |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 3600 | 0 | (2) | (2) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.975 | Maturity | 01/02/2029 |  | 27000 | 0 | (16) | (16) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.245 | Maturity | 01/02/2029 |  | 33900 | 0 | (7) | (7) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 13200 | 0 | (12) | (12) | 0 | (5) |
| Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 1000 | 0 | (1) | (1) | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.590 | Quarterly | 08/22/2029 | COP | 6499300 | 0 | 114 | 114 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.933 | Quarterly | 08/22/2029 |  | 6717800 | 0 | 99 | 99 | 0 | (2) |
| Receive | 3-Month PLN-WIBOR | 4.136 | Annual | 07/25/2029 | PLN | 1590 | (3) | (4) | (7) | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.930 | Annual | 07/25/2029 |  | 5500 | 0 | (65) | (65) | 0 | (1) |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 |  | 1700 | 0 | (1) | (1) | 0 | 0 |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 200 | 0 | 0 | 0 | 0 | 0 |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.730 | Annual | 12/31/2035 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.205 | Quarterly | 02/28/2031 | ZAR | 37350 | (18) | (38) | (56) | 0 | (2) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 | AUD | 15100 | (64) | (8) | (72) | 0 | (10) |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 3400 | 63 | (109) | (46) | 0 | (4) |
| Receive | 6-Month CLP-CHILIBOR | 4.568 | Semi-Annual | 10/01/2028 | CLP | 1569600 | 0 | (1) | (1) | 0 | (1) |
| Receive | 6-Month CLP-CHILIBOR | 4.580 | Semi-Annual | 10/01/2028 |  | 667000 | 0 | (1) | (1) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.760 | Annual | 11/01/2034 | CZK | 500 | 0 | (1) | (1) | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 |  | 9460 | 0 | 1 | 1 | 1 | 0 |
| Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 |  | 1100 | 0 | 0 | 0 | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 4.530 | Annual | 12/31/2035 |  | 500 | 0 | 0 | 0 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.280 | Annual | 03/04/2030 | EUR | 300 | 0 | (1) | (1) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 |  | 200 | 0 | (2) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.350 | Annual | 04/29/2030 |  | 200 | 0 | (1) | (1) | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 03/18/2031 |  | 280 | 1 | (3) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.250 | Annual | 11/06/2033 |  | 300 | (1) | (11) | (12) | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.280 | Annual | 11/22/2033 |  | 200 | (1) | (7) | (8) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.305 | Annual | 11/27/2033 |  | 100 | 0 | (4) | (4) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.128 | Annual | 12/04/2033 |  | 200 | (1) | (5) | (6) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 3.063 | Annual | 12/06/2033 |  | 200 | (1) | (4) | (5) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.910 | Annual | 12/29/2033 |  | 200 | (1) | (1) | (2) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 01/08/2034 |  | 80 | 0 | 0 | 0 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.670 | Annual | 04/03/2034 |  | 200 | (1) | 0 | (1) | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.710 | Annual | 08/06/2034 |  | 300 | (1) | 4 | 3 | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.680 | Annual | 08/07/2034 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 |  | 300 | (1) | 7 | 6 | 1 | 0 |

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<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.580 | Annual | Annual | 08/29/2034 | 300 |  | (1) |  | 8 |  | 7 |  | 1 | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.390 | Annual | Annual | 10/01/2034 | 200 |  | (1) |  | 9 |  | 8 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.380 | Annual | Annual | 12/31/2034 | 200 |  | (1) |  | (8) |  | (9) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.220 | Annual | Annual | 01/08/2035 | 200 |  | 0 |  | (9) |  | (9) |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.400 | Annual | Annual | 02/12/2035 | 200 |  | (1) |  | 7 |  | 6 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.420 | Annual | Annual | 03/07/2035 | 100 |  | 0 |  | (3) |  | (3) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.460 | Annual | Annual | 03/13/2035 | 200 |  | (1) |  | (4) |  | (5) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.610 | Annual | Annual | 03/24/2035 | 200 |  | (1) |  | (1) |  | (2) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.520 | Annual | Annual | 03/27/2035 | 200 |  | (1) |  | (3) |  | (4) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.460 | Annual | Annual | 04/01/2035 | 200 |  | (1) |  | (4) |  | (5) |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.510 | Annual | Annual | 04/09/2035 | 200 |  | (1) |  | 5 |  | 4 |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.520 | Annual | Annual | 04/09/2035 | 200 |  | (1) |  | 5 |  | 4 |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.550 | Annual | Annual | 04/16/2035 | 200 |  | (1) |  | 4 |  | 3 |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.530 | Annual | Annual | 04/23/2035 | 200 |  | (1) |  | 5 |  | 4 |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.450 | Annual | Annual | 05/05/2035 | 200 |  | (1) |  | 7 |  | 6 |  | 0 | 0 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.000 | Lunar | Lunar | 03/01/2029 | 16200 |  | 0 |  | 12 |  | 12 |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.011 | Lunar | Lunar | 03/01/2029 | 35000 |  | 0 |  | 25 |  | 25 |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.000 | Lunar | Lunar | 03/01/2029 | 29800 |  | (61) |  | (13) |  | (74) |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.430 | Lunar | Lunar | 10/19/2034 | 10700 |  | 0 |  | (41) |  | (41) |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.390 | Lunar | Lunar | 11/03/2034 | 6100 |  | 0 |  | (23) |  | (23) |  | 0 | 0 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.270 | Lunar | Lunar | 03/07/2035 | 19000 |  | 17 |  | (7) |  | 10 |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.597 | Maturity | Maturity | 09/28/2032 | 700 |  | 2 |  | (4) |  | (2) |  | 1 | 1 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.482 | Maturity | Maturity | 11/30/2033 | 1400 |  | 5 |  | (9) |  | (4) |  | 3 | 3 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.466 | Maturity | Maturity | 06/17/2035 | 18300 |  | 0 |  | (50) |  | (50) |  | 30 | 30 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.452 | Maturity | Maturity | 07/20/2052 | 1600 |  | 24 |  | (3) |  | 21 |  | 4 | 4 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.423 | Maturity | Maturity | 10/30/2055 | 1000 |  | 0 |  | 1 |  | 1 |  | 3 | 3 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $6708 | 6708 | $3971 | 3971 | $10679 | 10679 | $631 | 631 | 631 | $(185) | (185) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**6429** | **6429** | $**3995** | **3995** | $**10424** | **10424** | $**631** | **631** | **631** | $**(186)** | **(186)** |
| **(i)** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $623 and cash of $9,355 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | 01/2026  | 01/2026  | $ | $625 | 625 | JPY | 97137 | 97137 | 97137 | 0 | 0 | 0 | 0 | $(4) | (4) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 01/2026  | 01/2026  | AUD | 294 | 294 | $ | $194 | 194 | 194 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | COP | 544543 | 544543 |  | 143 | 143 | 143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | INR | 913 | 913 |  | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | KRW | 170716 | 170716 |  | 117 | 117 | 117 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | PLN | 7676 | 7676 |  | 2080 | 2080 | 2080 | 0 | 0 | 0 | 0 | (58) | (58) | (58) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | THB | 7784 | 7784 |  | 240 | 240 | 240 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | TWD | 7163 | 7163 |  | 235 | 235 | 235 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  | $ | $370 | 370 | CAD | 508 | 508 | 508 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 299 | 299 | COP | 1128300 | 1128300 | 1128300 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 193 | 193 | KRW | 281739 | 281739 | 281739 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 567 | 567 | PLN | 2073 | 2073 | 2073 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 49 | 49 | TWD | 1533 | 1533 | 1533 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 01/2026  | 01/2026  | 01/2026  |  | 180 | 180 | ZAR | 3000 | 3000 | 3000 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 02/2026  | 189245 | $49 | 0 | 0 |
|  | 02/2026  | 736 | 231 | 0 | 0 |
|  | 03/2026  | 831028 | 216 | 2 | 0 |
|  | 03/2026  | 16439 | 4877 | 0 | (1) |
|  | 03/2026  | $227 | 4135 | 1 | 0 |
|  | 03/2026  | 150 | 506 | 0 | 0 |
|  | 04/2026  | 72 | 1334 | 1 | 0 |
|  | 06/2026  | 1054 | $312 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 2044 | 1328 | 0 | (36) |
|  | 01/2026  | 87 | 110 | 1 | 0 |
|  | 01/2026  | 6441 | 914 | 0 | (10) |
|  | 01/2026  | 826922 | 50 | 0 | 0 |
|  | 01/2026  | 1969 | 608 | 0 | (10) |
|  | 01/2026  | 20735 | 230 | 0 | (1) |
|  | 01/2026  | 76400 | 494 | 6 | 0 |
|  | 01/2026  | 103177 | 70 | 0 | (2) |
|  | 01/2026  | 1912 | 1087 | 0 | (15) |
|  | 01/2026  | 11986 | 203 | 0 | 0 |
|  | 01/2026  | 1906 | 522 | 0 | (9) |
|  | 01/2026  | 52458 | 1703 | 33 | 0 |
|  | 01/2026  | $60 | 54443 | 1 | 0 |
|  | 01/2026  | 985 | 6902 | 4 | 0 |
|  | 01/2026  | 175 | 663747 | 0 | (1) |
|  | 01/2026  | 344 | 5746695 | 0 | 0 |
|  | 01/2026  | 110 | 9937 | 0 | 0 |
|  | 01/2026  | 698 | 2532 | 8 | 0 |
|  | 01/2026  | 1747 | 54764 | 3 | (6) |
|  | 01/2026  | 413 | 6885 | 2 | 0 |
|  | 01/2026  | 3024 | $181 | 0 | (2) |
|  | 02/2026  | 131241 | 34 | 0 | 0 |
|  | 02/2026  | $225 | 20245 | 0 | 0 |
|  | 02/2026  | 583 | 18284 | 0 | (1) |
|  | 03/2026  | 2314 | $111 | 0 | (2) |
|  | 03/2026  | 20713 | 667 | 9 | 0 |
|  | 03/2026  | $99 | 3101 | 0 | (1) |
|  | 04/2026  | 1000 | $175 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 289 | 336 | 0 | (4) |
|  | 01/2026  | 166810 | 10 | 0 | 0 |
|  | 01/2026  | 5910 | 100 | 0 | 0 |
|  | 01/2026  | 1570 | 50 | 0 | 0 |
|  | 01/2026  | $379 | 1556 | 4 | 0 |
|  | 01/2026  | 109 | 397 | 2 | 0 |
|  | 01/2026  | 59 | 2655 | 3 | 0 |
|  | 01/2026  | 23806 | $1374 | 0 | (61) |
|  | 02/2026  | 332 | 103 | 0 | (1) |
|  | 02/2026  | 295 | 7 | 0 | 0 |
|  | 02/2026  | $1349 | 61169 | 39 | 0 |
|  | 03/2026  | 635 | 11765 | 13 | 0 |
|  | 03/2026  | 1576 | 72083 | 19 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 1116 | 1047902 | 49 | 0 |
|  | 01/2026  | 1241 | 193220 | 0 | (7) |
|  | 02/2026  | 131241 | $34 | 0 | 0 |
|  | 02/2026  | 2467 | 706 | 0 | (27) |
|  | 02/2026  | $152 | 589854 | 2 | 0 |
|  | 02/2026  | 327 | 1118 | 5 | 0 |
|  | 03/2026  | 685 | $202 | 0 | (1) |
|  | 04/2026  | 2200 | 387 | 0 | (6) |
|  | 05/2026  | 5762 | 1689 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 605 | 110 | 0 | (1) |
|  | 01/2026  | 356 | 255 | 0 | (4) |
|  | 01/2026  | 9253121 | 2385 | 4 | (39) |
|  | 01/2026  | 1839090 | 110 | 0 | 0 |
|  | 01/2026  | 512 | 295 | 0 | (1) |
|  | 01/2026  | 218 | 60 | 0 | 0 |
|  | 01/2026  | 239 | 7 | 0 | 0 |
|  | 01/2026  | 42900 | 1413 | 47 | 0 |
|  | 01/2026  | $777 | 1171 | 5 | 0 |
|  | 01/2026  | 110 | 605 | 0 | 0 |
|  | 01/2026  | 230 | 210656 | 4 | 0 |
|  | 01/2026  | 640 | 4470 | 1 | 0 |
|  | 01/2026  | 129 | 486657 | 0 | 0 |
|  | 01/2026  | 150 | 2501343 | 0 | 0 |
|  | 01/2026  | 5340 | 477211 | 5 | (48) |
|  | 01/2026  | 243 | 356903 | 4 | 0 |
|  | 01/2026  | 480 | 1619 | 1 | 0 |
|  | 01/2026  | 70 | 251 | 0 | 0 |
|  | 01/2026  | 0 | 11 | 0 | 0 |
|  | 01/2026  | 872 | 27299 | 0 | (4) |
|  | 01/2026  | 5206 | $303 | 0 | (11) |
|  | 02/2026  | 557607 | 146 | 2 | 0 |
|  | 02/2026  | 609 | 192 | 0 | 0 |
|  | 02/2026  | 16126 | 4754 | 0 | (36) |
|  | 02/2026  | $1433 | 5576739 | 17 | 0 |
|  | 02/2026  | 14 | 445 | 0 | 0 |
|  | 03/2026  | 930738 | $999 | 0 | (36) |
|  | 03/2026  | 873458 | 230 | 4 | 0 |

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<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 03/2026  | 5536 | 1612 | 0 | (31) |
|  | 03/2026  | 22512 | 723 | 8 | 0 |
|  | 03/2026  | $309 | 1042 | 0 | 0 |
|  | 03/2026  | 100 | 3108 | 0 | (1) |
|  | 04/2026  | 394509 | $103 | 2 | 0 |
|  | 08/2026  | $256 | 4559 | 15 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 01/2026  | 150 | 504 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 556 | $173 | 0 | (2) |
|  | 01/2026  | 310343 | 212 | 0 | (3) |
|  | 01/2026  | $429 | 1367 | 1 | 0 |
|  | 01/2026  | 1162 | 103517 | 0 | (13) |
|  | 01/2026  | 594 | 872376 | 11 | 0 |
|  | 01/2026  | 180 | 3018 | 3 | 0 |
|  | 01/2026  | 34071 | $1955 | 0 | (99) |
|  | 02/2026  | 1367 | 429 | 0 | (1) |
|  | 02/2026  | $355 | 116856 | 1 | 0 |
|  | 02/2026  | 19 | 601 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 4165 | $2705 | 0 | (75) |
|  | 01/2026  | 98 | 122 | 0 | (2) |
|  | 01/2026  | 3210 | 456 | 0 | (5) |
|  | 01/2026  | 808 | 1061 | 0 | (28) |
|  | 01/2026  | 34647 | 1868 | 0 | (52) |
|  | 01/2026  | 1155 | 662 | 0 | (4) |
|  | 01/2026  | $227 | 728 | 2 | 0 |
|  | 01/2026  | 895 | 3274 | 17 | 0 |
|  | 01/2026  | 206 | 3454 | 2 | 0 |
|  | 01/2026  | 29418 | $1711 | 0 | (63) |
|  | 02/2026  | 727 | 227 | 0 | (2) |
|  | 02/2026  | 5546 | 1584 | 0 | (63) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 1290 | 1609 | 0 | (21) |
|  | 01/2026  | 61461 | 16 | 0 | 0 |
|  | 01/2026  | 1038 | 321 | 0 | (5) |
|  | 01/2026  | 146951 | 100 | 0 | (2) |
|  | 01/2026  | 3595 | 113 | 0 | (1) |
|  | 01/2026  | $710 | 979 | 3 | 0 |
|  | 01/2026  | 461 | 3251 | 5 | 0 |
|  | 01/2026  | 201 | 3356313 | 0 | 0 |
|  | 01/2026  | 50 | 4501 | 0 | 0 |
|  | 01/2026  | 27 | 110 | 0 | 0 |
|  | 01/2026  | 654 | 2388 | 11 | 0 |
|  | 01/2026  | 21875 | $1269 | 0 | (50) |
|  | 02/2026  | 169927 | 44 | 0 | 0 |
|  | 02/2026  | 3322 | 177 | 0 | (7) |
|  | 02/2026  | $351 | 6510 | 9 | 0 |
|  | 02/2026  | 54 | 2474 | 2 | 0 |
|  | 03/2026  | 66048 | $17 | 0 | 0 |
|  | 03/2026  | 697 | 206 | 0 | (1) |
|  | 03/2026  | $5660 | 31353 | 0 | (13) |
|  | 03/2026  | 258 | 4793 | 6 | 0 |
|  | 04/2026  | 4800 | $846 | 2 | (14) |
|  | 04/2026  | $701 | 12903 | 8 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 13365 | $1898 | 0 | (20) |
|  | 01/2026  | 4129 | 1266 | 0 | (31) |
|  | 01/2026  | 37129 | 417 | 5 | 0 |
|  | 01/2026  | 2191992 | 1526 | 7 | (1) |
|  | 01/2026  | 122 | 71 | 0 | 0 |
|  | 01/2026  | 2020 | 551 | 0 | (12) |
|  | 01/2026  | $581 | 4080 | 5 | 0 |
|  | 01/2026  | 468 | 41641 | 0 | (5) |
|  | 01/2026  | 397 | 584767 | 8 | 0 |
|  | 01/2026  | 145 | 1478 | 2 | 0 |
|  | 01/2026  | 673 | 2479 | 18 | 0 |
|  | 01/2026  | 689 | 21309 | 0 | (10) |
|  | 01/2026  | 8018 | $467 | 0 | (16) |
|  | 02/2026  | 65706 | 17 | 0 | 0 |
|  | 02/2026  | $1467 | 2102055 | 0 | (9) |
|  | 02/2026  | 588 | 10904 | 15 | 0 |
|  | 03/2026  | 66134 | $17 | 0 | 0 |
|  | 03/2026  | $394 | 7224 | 5 | 0 |
|  | 04/2026  | 43000 | $7295 | 0 | (391) |
|  | 04/2026  | $206 | 3804 | 3 | 0 |
|  | 06/2026  | 2500 | $141 | 0 | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 1229 | 223 | 0 | (1) |
|  | 01/2026  | 7051 | 5010 | 0 | (130) |
|  | 01/2026  | 230 | 290 | 0 | (1) |
|  | 01/2026  | 507 | 595 | 0 | (1) |
|  | 01/2026  | 943800 | 6074 | 44 | 0 |
|  | 01/2026  | 705 | 70 | 0 | 0 |
|  | 01/2026  | 8253 | 6361 | 0 | (64) |
|  | 01/2026  | 539 | 17 | 0 | (1) |
|  | 01/2026  | $222 | 1229 | 2 | 0 |
|  | 01/2026  | 633 | 875 | 5 | 0 |
|  | 01/2026  | 211 | 167 | 0 | 0 |
|  | 01/2026  | 1121 | 962 | 10 | 0 |
|  | 01/2026  | 95 | 8622 | 1 | 0 |
|  | 01/2026  | 68 | 10581 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 01/2026  | 01/2026  | 169 | 169 | 169 | PLN | 620 | 620 | 620 | 620 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | 01/2026  | 75 | 75 | 75 | TWD | 2364 | 2364 | 2364 | 2364 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 80 | 80 | 80 | ZAR | 1344 | 1344 | 1344 | 1344 |  | 1 | 1 | 1 |  | 0 |
|  |  | 02/2026  | 02/2026  | 161 | 161 | 161 | MXN | 2987 | 2987 | 2987 | 2987 |  | 4 | 4 | 4 |  | 0 |
|  |  | 03/2026  | 03/2026  | 164 | 164 | 164 |  | 3024 | 3024 | 3024 | 3024 |  | 3 | 3 | 3 |  | 0 |
|  |  | 04/2026  | 04/2026  | 175 | 175 | 175 |  | 3231 | 3231 | 3231 | 3231 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 01/2026  | 706 | 706 | 706 | $ | 197 | 197 | 197 | 197 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | $300 | 300 | 300 | CAD | 417 | 417 | 417 | 417 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | 01/2026  | 197 | 197 | 197 | INR | 17800 | 17800 | 17800 | 17800 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 3 | 3 | 3 | JPY | 537 | 537 | 537 | 537 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 245 | 245 | 245 | KRW | 357532 | 357532 | 357532 | 357532 |  | 3 | 3 | 3 |  | 0 |
|  |  | 01/2026  | 01/2026  | 10 | 10 | 10 | MYR | 41 | 41 | 41 | 41 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 120 | 120 | 120 | PHP | 7039 | 7039 | 7039 | 7039 |  | 0 | 0 | 0 |  | (1) |
|  |  | 01/2026  | 01/2026  | 70 | 70 | 70 | TWD | 2182 | 2182 | 2182 | 2182 |  | 0 | 0 | 0 |  | (1) |
|  |  | 02/2026  | 02/2026  | 1224 | 1224 | 1224 | $ | 380 | 380 | 380 | 380 |  | 0 | 0 | 0 |  | (4) |
|  |  | 04/2026  | 04/2026  | $91 | 91 | 91 | MXN | 1649 | 1649 | 1649 | 1649 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 01/2026  | 508740 | 508740 | 508740 | $ | 348 | 348 | 348 | 348 |  | 0 | 0 | 0 |  | (5) |
|  |  | 01/2026  | 01/2026  | $399 | 399 | 399 | KRW | 585163 | 585163 | 585163 | 585163 |  | 7 | 7 | 7 |  | 0 |
|  |  | 03/2026  | 03/2026  | 50 | 50 | 50 | TRY | 2293 | 2293 | 2293 | 2293 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | 01/2026  | 01/2026  | 197 | 197 | 197 | KRW | 289089 | 289089 | 289089 | 289089 |  | 4 | 4 | 4 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 01/2026  | 6401 | 6401 | 6401 | $ | 909 | 909 | 909 | 909 |  | 0 | 0 | 0 |  | (10) |
|  |  | 01/2026  | 01/2026  | 2729 | 2729 | 2729 |  | 30 | 30 | 30 | 30 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 22300 | 22300 | 22300 |  | 143 | 143 | 143 | 143 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 7766 | 7766 | 7766 |  | 255 | 255 | 255 | 255 |  | 8 | 8 | 8 |  | 0 |
|  |  | 01/2026  | 01/2026  | $406 | 406 | 406 | IDR | 6797008 | 6797008 | 6797008 | 6797008 |  | 1 | 1 | 1 |  | 0 |
|  |  | 01/2026  | 01/2026  | 201 | 201 | 201 | INR | 18102 | 18102 | 18102 | 18102 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 964 | 964 | 964 | JPY | 149885 | 149885 | 149885 | 149885 |  | 0 | 0 | 0 |  | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 01/2026  | 12022 | 12022 | 12022 | $ | 13919 | 13919 | 13919 | 13919 |  | 0 | 0 | 0 |  | (216) |
|  |  | 01/2026  | 01/2026  | $3585 | 3585 | 3585 | JPY | 560697 | 560697 | 560697 | 560697 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 01/2026  | 150 | 150 | 150 | TWD | 4700 | 4700 | 4700 | 4700 |  | 0 | 0 | 0 |  | 0 |
|  |  | 02/2026  | 02/2026  | 162 | 162 | 162 | MXN | 2989 | 2989 | 2989 | 2989 |  | 4 | 4 | 4 |  | 0 |
|  |  | 03/2026  | 03/2026  | 1173351 | 1173351 | 1173351 | $ | 1211 | 1211 | 1211 | 1211 |  | 0 | 0 | 0 |  | (94) |
|  |  | 03/2026  | 03/2026  | 51180 | 51180 | 51180 |  | 2731 | 2731 | 2731 | 2731 |  | 0 | 0 | 0 |  | (91) |
|  |  | 03/2026  | 03/2026  | 15 | 15 | 15 |  | 4 | 4 | 4 | 4 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 03/2026  | $2073 | 2073 | 2073 | MXN | 38834 | 38834 | 38834 | 38834 |  | 68 | 68 | 68 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 505 | 505 | 505 | $ | 631 | 631 | 631 | 631 |  | 0 | 0 | 0 |  | (7) |
|  |  | 01/2026  | 01/2026  | 5798016 | 5798016 | 5798016 |  | 1475 | 1475 | 1475 | 1475 |  | 0 | 0 | 0 |  | (46) |
|  |  | 01/2026  | 01/2026  | 317 | 317 | 317 |  | 10 | 10 | 10 | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | $50 | 50 | 50 | CAD | 69 | 69 | 69 | 69 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 691 | 691 | 691 | PLN | 2508 | 2508 | 2508 | 2508 |  | 7 | 7 | 7 |  | 0 |
|  |  | 01/2026  | 01/2026  | 33374 | 33374 | 33374 | $ | 1919 | 1919 | 1919 | 1919 |  | 0 | 0 | 0 |  | (94) |
|  |  | 02/2026  | 02/2026  | $145 | 145 | 145 | MXN | 2693 | 2693 | 2693 | 2693 |  | 4 | 4 | 4 |  | 0 |
|  |  | 03/2026  | 03/2026  | 1005354 | 1005354 | 1005354 | $ | 1081 | 1081 | 1081 | 1081 |  | 0 | 0 | 0 |  | (37) |
|  |  | 03/2026  | 03/2026  | 7180521 | 7180521 | 7180521 |  | 1828 | 1828 | 1828 | 1828 |  | 0 | 0 | 0 |  | (33) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**689** | **689** | **689** | **$** | $**(2386)** | **(2386)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| GST | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Buy | 0.650% | 0.650% | 0.650% | 05/20/2026 | 05/20/2026 | 62300 | 62300 | 62300 | $123 | 123 | $ | $93 |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 7400 | 7400 | 7400 | $11 | 11 | $ | $4 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 10600 | 10600 | 10600 | 15 | 15 |  | 6 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1419.000 | 1419.000 | 1419.000 | 02/12/2026 | 850 | 850 | 850 | 5 | 5 |  | 5 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | 18.000 | 18.000 | 18.000 | 08/19/2026 | 2090 | 2090 | 2090 | 92 | 92 |  | 168 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1423.000 | 1423.000 | 1423.000 | 02/12/2026 | 280 | 280 | 280 | 2 | 2 |  | 2 |
| GLM | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | 5.390 | 5.390 | 5.390 | 02/04/2026 | 1240 | 1240 | 1240 | 18 | 18 |  | 7 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 1900 | 1900 | 1900 | 2 | 2 |  | 1 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  | 7.800 | 7.800 | 7.800 | 08/14/2026 | 3700 | 3700 | 3700 | 5 | 5 |  | 2 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 4000 | 4000 | 4000 | 6 | 6 |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $156 | 156 | $ | $197 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 4.093% | 4.093% | 4.093% | 01/04/2027 | 01/04/2027 | 43200 | 43200 | 43200 | $31 | 31 | $ | $19 |
|  | Call - OTC 5-Year Interest Rate Swap  | Call - OTC 5-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.230 | 3.230 | 3.230 | 03/30/2026 | 03/30/2026 | 4500 | 4500 | 4500 | 34 | 34 |  | 13 |
|  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.317 | 3.317 | 3.317 | 03/02/2026 | 03/02/2026 | 4900 | 4900 | 4900 | 29 | 29 |  | 8 |
|  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.194 | 3.194 | 3.194 | 03/04/2026 | 03/04/2026 | 1200 | 1200 | 1200 | 4 | 4 |  | 1 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.758 | 03/30/2026 | 2300 | 18 | 11 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.146 | 04/15/2026 | 2700 | 22 | 5 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.972 | 08/04/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.222 | 08/04/2026 | 200 | 3 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.965 | 08/05/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.215 | 08/05/2026 | 200 | 3 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.067 | 08/12/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.317 | 08/12/2026 | 200 | 2 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.075 | 08/14/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.325 | 08/14/2026 | 200 | 2 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.427 | 08/06/2035 | 1300 | 114 | 91 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.427 | 08/06/2035 | 1300 | 114 | 113 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.656 | 08/20/2035 | 1300 | 112 | 100 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.656 | 08/20/2035 | 1300 | 112 | 105 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.693 | 08/27/2035 | 2000 | 172 | 156 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.693 | 08/27/2035 | 2000 | 172 | 160 |
| BRC | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.110 | 08/23/2027 | 3800 | 307 | 217 |
|  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.110 | 08/23/2027 | 5000 | 403 | 380 |
| DUB | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.163 | 08/23/2027 | 284300 | 1428 | 995 |
|  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.163 | 08/23/2027 | 284300 | 1428 | 1394 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.189 | 01/02/2026 | 3700 | 16 | 0 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.442 | 03/24/2026 | 5500 | 27 | 24 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.174 | 04/27/2026 | 4300 | 32 | 10 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.628 | 08/20/2035 | 5600 | 485 | 426 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.628 | 08/21/2035 | 4400 | 380 | 334 |
| FAR | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.751 | 10/14/2026 | 36800 | 33 | 23 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.407 | 03/18/2026 | 7200 | 36 | 25 |
| GLM | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.110 | 08/23/2027 | 11000 | 888 | 627 |
|  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.110 | 08/23/2027 | 14300 | 1154 | 1086 |
| JPM | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.260 | 04/28/2026 | 5000 | 48 | 16 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.750 | 02/18/2026 | 12200 | 25 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.989 | 08/06/2026 | 700 | 6 | 2 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.239 | 08/06/2026 | 300 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.995 | 08/07/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.245 | 08/07/2026 | 200 | 3 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.038 | 08/11/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.288 | 08/11/2026 | 200 | 2 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.485 | 07/31/2035 | 8900 | 784 | 641 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.485 | 07/31/2035 | 8900 | 784 | 762 |
| MYC | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.857 | 10/07/2026 | 46000 | 36 | 21 |
|  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.141 | 12/30/2026 | 48000 | 36 | 19 |
|  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.082 | 01/04/2027 | 47900 | 36 | 22 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.421 | 03/30/2026 | 5300 | 27 | 22 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.174 | 3.174 | 3.174 | 04/27/2026 | 04/27/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.255 | 3.255 | 3.255 | 08/03/2026 | 08/03/2026 | 6000 | 78 | 26 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.505 | 3.505 | 3.505 | 08/03/2026 | 08/03/2026 | 5300 | 105 | 44 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.255 | 4.255 | 4.255 | 08/03/2026 | 08/03/2026 | 5300 | 78 | 38 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.048 | 3.048 | 3.048 | 08/10/2026 | 08/10/2026 | 500 | 4 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.298 | 3.298 | 3.298 | 08/10/2026 | 08/10/2026 | 200 | 2 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.485 | 4.485 | 4.485 | 08/07/2035 | 08/07/2035 | 1300 | 115 | 94 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.485 | 4.485 | 4.485 | 08/07/2035 | 08/07/2035 | 1300 | 115 | 112 |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.520 | 4.520 | 4.520 | 08/13/2035 | 08/13/2035 | 2700 | 238 | 197 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.520 | 4.520 | 4.520 | 08/13/2035 | 08/13/2035 | 2700 | 238 | 229 |
|  |  |  |  |  |  |  |  |  |  |  |  | $10353 | $8584 |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| GSC | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | $ | $97.375 | 97.375 | 97.375 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | $3000 | $4 | $1 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  |  | 98.906 | 98.906 | 98.906 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | 11300 | 7 | 0 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  |  | 98.922 | 98.922 | 98.922 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | 10900 | 7 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $18 | $1 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**10650** | $**8875** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| GST | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525% | 0.525% | 0.525% | 01/21/2026 | 01/21/2026 | 8700 | $(10) | $(11) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.550 | 0.550 | 0.550 | 01/21/2026 | 01/21/2026 | 25360 | (46) | (57) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.575 | 0.575 | 0.575 | 01/21/2026 | 01/21/2026 | 4200 | (10) | (14) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525 | 0.525 | 0.525 | 02/18/2026 | 02/18/2026 | 24200 | (36) | (36) |
|  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | Sell | Sell | 0.525 | 0.525 | 0.525 | 02/18/2026 | 02/18/2026 | 5700 | (9) | (6) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.500 | 0.500 | 0.500 | 05/20/2026 | 05/20/2026 | 13800 | (18) | (17) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525 | 0.525 | 0.525 | 05/20/2026 | 05/20/2026 | 56400 | (105) | (105) |
| RBC | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525 | 0.525 | 0.525 | 02/18/2026 | 02/18/2026 | 900 | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  | $(235) | $(247) |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 7400 | $(4) | $(2) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 | 10600 | (5) | (4) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1383.000 | 1383.000 | 02/12/2026 | 850 | (2) | (1) |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 17.000 | 17.000 | 08/19/2026 | 4180 | (88) | (158) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1385.000 | 1385.000 | 02/12/2026 | 280 | (1) | (1) |
| GLM | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 02/04/2026 | 1240 | (3) | 0 |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.680 | 5.680 | 02/04/2026 | 1240 | (15) | (10) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 1900 | (1) | (1) |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/14/2026 | 3700 | (2) | (1) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 | 4000 | (2) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  | $(123) | $(179) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.617% | 3.617% | 3.617% | 03/02/2026 | 03/02/2026 | 5400 | $(29) | $(35) |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.646 | 3.646 | 3.646 | 04/15/2026 | 04/15/2026 | 3300 | (25) | (28) |
| BPS | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.625 | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 100 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.925 | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 100 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.622 | 3.622 | 01/29/2026 | 01/29/2026 |  | 400 |  | (1) | (1) | (1) | (1) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 |  | 400 |  | (1) | (1) | (1) | (1) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 4.066 | 4.066 | 02/05/2026 | 02/05/2026 |  | 2100 |  | (4) | (4) | (2) | (2) |
| DUB | DUB | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.689 | 3.689 | 01/02/2026 | 01/02/2026 |  | 4100 |  | (16) | (16) | 0 | 0 |
|  |  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.742 | 3.742 | 03/24/2026 | 03/24/2026 |  | 5800 |  | (27) | (27) | (28) | (28) |
|  |  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.674 | 3.674 | 04/27/2026 | 04/27/2026 |  | 4500 |  | (32) | (32) | (38) | (38) |
| FAR | FAR | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.707 | 3.707 | 03/18/2026 | 03/18/2026 |  | 7500 |  | (36) | (36) | (39) | (39) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 |  | 600 |  | (2) | (2) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 |  | 600 |  | (2) | (2) | 0 | 0 |
| GLM | GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.578 | 3.578 | 01/12/2026 | 01/12/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.878 | 3.878 | 01/12/2026 | 01/12/2026 |  | 500 |  | (1) | (1) | (1) | (1) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.648 | 3.648 | 01/15/2026 | 01/15/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.928 | 3.928 | 01/15/2026 | 01/15/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 4.180 | 4.180 | 02/05/2026 | 02/05/2026 |  | 5900 |  | (5) | (5) | (2) | (2) |
| JPM | JPM | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.560 | 3.560 | 04/28/2026 | 04/28/2026 |  | 5100 |  | (48) | (48) | (62) | (62) |
| MYC | MYC | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.721 | 3.721 | 03/30/2026 | 03/30/2026 |  | 5700 |  | (28) | (28) | (32) | (32) |
|  |  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.674 | 3.674 | 04/27/2026 | 04/27/2026 |  | 600 |  | (4) | (4) | (5) | (5) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 |  | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 |  | 400 |  | (1) | (1) | 0 | 0 |
| NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 |  | 500 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 4.186 | 4.186 | 02/05/2026 | 02/05/2026 |  | 6100 |  | (5) | (5) | (2) | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (275) | (275) | $(276) | (276) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| GSC | GSC | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | $ | $ | $97.375 | 97.375 | 01/07/2026 | 01/07/2026 |  | $ | 1600 | $ | (4) | (4) | $0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  |  |  | 102.133 | 102.133 | 03/05/2026 | 03/05/2026 |  |  | 4400 |  | (12) | (12) | (3) | (3) |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  |  |  | 102.141 | 102.141 | 03/05/2026 | 03/05/2026 |  |  | 6600 |  | (17) | (17) | (5) | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (33) | (33) | $(8) | (8) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(666)** | **(666)** | $**(710)** | **(710)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000% | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.706% | 1.706% | 1.706% | $100 | 100 | $(1) | (1) | $1 | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | ABX.HE.AAA.6-2 Index | ABX.HE.AAA.6-2 Index | ABX.HE.AAA.6-2 Index | ABX.HE.AAA.6-2 Index | ABX.HE.AAA.6-2 Index | 0.110% | 0.110% | 0.110% | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 | 317 | 317 | (80) | (80) | 55 | 0 | 0 | (25) |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | EUR | 1470 |  | 330 |  | 17 | 17 |  | 347 | 0 |
| BPS | BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 3080 |  | 710 |  | 16 | 16 |  | 726 | 0 |
| CBK | CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 2240 |  | 510 |  | 18 | 18 |  | 528 | 0 |
| JPM | JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 4830 |  | 1117 |  | 21 | 21 |  | 1138 | 0 |
| MYC | MYC | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 790 |  | 184 |  | 2 | 2 |  | 186 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 2771 | $ | $129 | 129 | $ | $2925 | $(25) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | &nbsp;&nbsp; 4.600% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.600% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.600% (FEDL01 plus a specified spread) | Maturity | Maturity | 01/21/2026 | 01/21/2026 | $ | $111607 | $ | 0 | $ | $(12885) | (12885) | $ | $0 | $(12885) |
|  |  |  | &nbsp;&nbsp; 4.375% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.375% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.375% (SOFR plus a specified spread) | Monthly | Monthly | 02/04/2026 | 02/04/2026 |  | 2755 |  | 0 |  | 11 | 11 |  | 11 | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | &nbsp;&nbsp; 4.560% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.560% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.560% (SOFR plus a specified spread) | Monthly | Monthly | 02/04/2026 | 02/04/2026 |  | 197440 |  | 0 |  | 804 | 804 |  | 804 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | &nbsp;&nbsp; 4.590% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.590% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.590% (FEDL01 plus a specified spread) | Maturity | Maturity | 01/21/2026 | 01/21/2026 |  | 71355 |  | 0 |  | 8221 | 8221 |  | 8221 | 0 |
|  |  |  | &nbsp;&nbsp; 4.420% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.420% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.420% (FEDL01 plus a specified spread) | Monthly | Monthly | 02/04/2026 | 02/04/2026 |  | 35022 |  | 0 |  | 140 | 140 |  | 140 | 0 |
|  |  |  | &nbsp;&nbsp; 4.30% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.30% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.30% (SOFR plus a specified spread) | Monthly | Monthly | 08/05/2026 | 08/05/2026 |  | 101115 |  | 0 |  | (393) | (393) |  | 0 | (393) |
|  |  |  | &nbsp;&nbsp; 4.330% (SOFR less a specified spread) | &nbsp;&nbsp; 4.330% (SOFR less a specified spread) | &nbsp;&nbsp; 4.330% (SOFR less a specified spread) | Monthly | Monthly | 12/09/2026 | 12/09/2026 |  | 125434 |  | 0 |  | (446) | (446) |  | 0 | (446) |
| &nbsp;&nbsp; MYI | &nbsp;&nbsp; MYI | &nbsp;&nbsp; MYI | &nbsp;&nbsp; 4.470% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.470% (SOFR plus a specified spread) | &nbsp;&nbsp; 4.470% (SOFR plus a specified spread) | Monthly | Monthly | 02/04/2026 | 02/04/2026 |  | 56063 |  | 0 |  | (227) | (227) |  | 0 | (227) |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 0 | $ | $(4775) | (4775) | $ | $9176 | $(13951) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **2770** | **$** | $**(4645)** | **(4645)** | **$** | $**12101** | $**(13976)** |
| **(k)** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $16,418 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | 0 | $ | $11951 | 11951 | $353 | 353 | 353 | $ | $12304 | 12304 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 |  | 3199 | 3199 | 0 | 0 | 0 |  | 3199 | 3199 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 |  | 2971 | 2971 | 0 | 0 | 0 |  | 2971 | 2971 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Illinois | Illinois | Illinois | Illinois | Illinois | Illinois | 0 | 0 | 0 | 0 |  | 220 | 220 | 0 | 0 | 0 |  | 220 | 220 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 |  | 362108 | 362108 | 0 | 0 | 0 |  | 362108 | 362108 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 |  | 14206 | 14206 | 0 | 0 | 0 |  | 14206 | 14206 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 |  | 34271 | 34271 | 0 | 0 | 0 |  | 34271 | 34271 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 | 0 |  | 740 | 740 | 0 | 0 | 0 |  | 740 | 740 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 0 |  | 7760 | 7760 | 0 | 0 | 0 |  | 7760 | 7760 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 0 |  | 10942 | 10942 | 0 | 0 | 0 |  | 10942 | 10942 |  |

---

------

<br> Schedule of Investments PIMCO RAE Fundamental Advantage PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Home Equity Other | 0 | 48510 | 0 | 48510 |
| Whole Loan Collateral | 0 | 4575 | 0 | 4575 |
| Other ABS | 0 | 30776 | 0 | 30776 |
| Sovereign Issues | 0 | 61349 | 0 | 61349 |
| Exchange-Traded Funds | 47661 | 0 | 0 | 47661 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 61000 | 0 | 61000 |
| South Africa Treasury Bills | 0 | 147 | 0 | 147 |
| U.S. Treasury Bills | 0 | 8474 | 0 | 8474 |
|  | $47661 | $663199 | $353 | $711213 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $16 | $0 | $0 | $16 |
| Total Investments | $47677 | $663199 | $353 | $711229 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(52508) | $0 | $(52508) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 452 | 648 | 0 | 1100 |
| Over the counter | 0 | 21665 | 0 | 21665 |
|  | $452 | $22313 | $0 | $22765 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (31) | (410) | 0 | (441) |
| Over the counter | 0 | (17047) | (25) | (17072) |
|  | $(31) | $(17457) | $(25) | $(17513) |
| Total Financial Derivative Instruments | $421 | $4856 | $(25) | $5252 |
| Totals | $48098 | $615547 | $328 | $663973 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 181.1% ¤** |  |  |
| **CORPORATE BONDS & NOTES 2.6%**  |  |  |
| **BANKING & FINANCE 1.7%**  |  |  |
| **ARES Strategic Income Fund** <br>5.450% due 09/09/2028 | $500 | $504 |
| **Athene Global Funding** <br>5.033% due 07/17/2030 | 600 | 605 |
| **Bank of Nova Scotia** <br>5.450% due 08/01/2029 | 400 | 417 |
| **Barclays PLC** <br>6.224% due 05/09/2034 •  | 500 | 538 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 3.815% due 11/02/2027  | 200 | 197 |
| 5.800% due 03/05/2027  | 200 | 203 |
| 5.800% due 03/08/2029  | 200 | 204 |
| **GSPA Monetization Trust** <br>6.422% due 10/09/2029 | 402 | 407 |
| **Host Hotels & Resorts LP** <br>5.500% due 04/15/2035 | 100 | 101 |
| **Morgan Stanley** <br>5.320% due 07/19/2035 •  | 100 | 103 |
| **VICI Properties LP** <br>4.750% due 02/15/2028 | 200 | 202 |
|  |  | 3481 |
| **INDUSTRIALS 0.7%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 880 | 930 |
| **Petroleos del Peru SA** <br>5.625% due 06/19/2047 | 300 | 191 |
| **Petroleos Mexicanos** <br>6.350% due 02/12/2048 | 100 | 79 |
| **United Airlines Pass-Through Trust** <br>5.450% due 08/15/2038 | 97 | 100 |
|  |  | 1300 |
| **UTILITIES 0.2%**  |  |  |
| **Southern California Edison Co.**  |  |  |
| 4.650% due 10/01/2043  | 100 | 85 |
| 5.150% due 06/01/2029  | 400 | 409 |
|  |  | 494 |
| Total Corporate Bonds & Notes (Cost $5,130) |  | 5275 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **NEBRASKA 0.0%**  |  |  |
| **Public Power Generation Agency, Nebraska Revenue Bonds, (BABs), Series 2009** <br>7.242% due 01/01/2041 | 65 | 71 |
| Total Municipal Bonds & Notes (Cost $65) |  | 71 |
| **U.S. GOVERNMENT AGENCIES 100.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 09/01/2032 | 414 | 406 |
| 5.000% due 02/01/2053 - 12/01/2053 | 1934 | 1933 |
| 5.500% due 11/01/2054 (e) | 9215 | 9351 |
| 5.500% due 09/01/2055 | 1506 | 1550 |
| 6.000% due 10/01/2055 | 198 | 204 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 587 | 571 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.648% due 07/15/2041 •  | 69 | 68 |
| 4.798% due 08/15/2037 •  | 89 | 89 |
| 4.808% due 10/15/2037 •  | 13 | 13 |
| 4.814% due 11/25/2054 •  | 568 | 570 |
| 4.818% due 05/15/2037 - 09/15/2037 •  | 95 | 95 |
| 4.824% due 09/25/2055 •  | 9960 | 10028 |
| 4.974% due 11/25/2054 •  | 691 | 693 |
| 5.024% due 12/25/2054 •  | 793 | 796 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 01/01/2027 | 24 | 24 |
| 4.000% due 04/01/2043 - 08/01/2051 (e) | 3545 | 3469 |
| 4.202% due 10/01/2029 ~ | 1000 | 1008 |
| 4.300% due 12/01/2029 | 702 | 708 |
| 4.300% due 12/01/2032 (e) | 8200 | 8179 |
| 4.705% due 09/01/2031 ~(e) | 2000 | 2043 |
| 4.720% due 10/01/2028 | 500 | 511 |
| 4.770% due 10/01/2028 | 600 | 613 |
| 4.930% due 06/01/2029 | 400 | 412 |
| 5.300% due 11/01/2030 | 900 | 942 |
| 5.500% due 07/01/2054 | 922 | 935 |
| 5.500% due 11/01/2054 (e) | 891 | 919 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.339% due 07/25/2037 •  | 6 | 6 |
| 4.369% due 07/25/2037 •  | 13 | 13 |
| 4.389% due 09/25/2035 •  | 23 | 23 |
| 4.709% due 06/25/2037 •  | 93 | 93 |
| 4.824% due 11/25/2054 •  | 497 | 498 |
| **Federal National Mortgage Association-ACES**<br>2.242% due 01/25/2031 ~(a) | 2278 | 116 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.337% due 08/20/2047 •  | 337 | 329 |
| 5.068% due 07/20/2055 •  | 1301 | 1309 |
| 5.268% due 07/20/2055 •  | 4612 | 4655 |
| **Government National Mortgage Association, TBA**  |  |  |
| 3.500% due 02/01/2056 | 6400 | 5824 |
| 4.000% due 02/01/2056 | 7220 | 6819 |
| 4.500% due 02/01/2056 | 3150 | 3066 |
| 5.000% due 01/01/2056 | 5310 | 5299 |
| 5.500% due 02/01/2056 | 3010 | 3037 |
| 6.000% due 02/01/2056 | 2970 | 3025 |
| **U.S. Small Business Administration**<br>6.220% due 12/01/2028 | 2 | 2 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 370 | 327 |
| 4.000% due 02/01/2056 | 3450 | 3271 |
| 4.500% due 02/01/2056 | 5810 | 5667 |
| 5.000% due 02/01/2056 | 13840 | 13790 |
| 5.500% due 02/01/2056 | 1370 | 1388 |
| 6.000% due 02/01/2056 | 41820 | 42920 |
| 6.500% due 02/01/2056 | 52690 | 54772 |
| Total U.S. Government Agencies (Cost $201,609) |  | 202379 |
| **U.S. TREASURY OBLIGATIONS 2.5%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 05/15/2044 (i) | 2400 | 2357 |
| 4.875% due 08/15/2045 | 59 | 60 |
| **U.S. Treasury Notes**  |  |  |
| 3.875% due 07/31/2030 (g)(i) | 2400 | 2418 |
| 4.250% due 08/15/2035 (i) | 96 | 97 |
| Total U.S. Treasury Obligations (Cost $4,965) |  | 4932 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 9.6%**  |  |  |
| **American Home Mortgage Assets Trust** <br>6.750% due 11/25/2046 þ | 273 | 250 |
| **Avon Finance** <br>4.642% due 12/28/2049 •  | 502 | 677 |
| **Banc of America Funding Trust** <br>4.976% due 02/20/2035 ~ | $21 | 20 |
| **Banc of America Mortgage Trust** <br>5.316% due 06/25/2035 ~ | 9 | 8 |
| **Bear Stearns ALT-A Trust** <br>4.166% due 08/25/2036 •  | 876 | 793 |
| **BX Commercial Mortgage Trust** <br>5.590% due 01/17/2039 •  | 1000 | 1000 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 6.000% due 07/25/2036  | 811 | 380 |
| 6.148% due 02/20/2036 •  | 6 | 6 |
| 6.500% due 12/25/2037  | 1252 | 453 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>6.050% due 03/25/2036 •  | 42 | 43 |
| **CLNY Trust** <br>5.278% due 11/15/2038 •  | 429 | 423 |
| **Countrywide Alternative Loan Trust** <br>4.246% due 05/25/2036 •  | 195 | 171 |
| **CSMC Mortgage-Backed Trust** <br>6.421% due 10/25/2037 ~ | 684 | 392 |
| **DSLA Mortgage Loan Trust** <br>4.666% due 09/19/2044 •  | 61 | 56 |
| **First Horizon Mortgage Pass-Through Trust** <br>4.697% due 10/25/2035 ~ | 138 | 125 |
| **GCAT Trust** <br>6.007% due 01/25/2059 þ | 325 | 327 |

---

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GSR Mortgage Loan Trust** <br>6.117% due 09/25/2035 ~ | 1 | 1 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.346% due 01/19/2036 •  | 1437 | 928 |
| 4.528% due 06/20/2035 •  | 261 | 247 |
| **HomeBanc Mortgage Trust** <br>4.466% due 03/25/2035 •  | 304 | 249 |
| **Impac CMB Trust** <br>4.486% due 03/25/2035 •  | 217 | 213 |
| **IndyMac INDX Mortgage Loan Trust** <br>4.366% due 06/25/2035 •  | 85 | 68 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.099% due 08/25/2035 ~  | 48 | 43 |
| 5.750% due 01/25/2036  | 10 | 5 |
| **Lehman Mortgage Trust** <br>4.496% due 11/25/2036 •  | 1005 | 452 |
| **Lehman XS Trust** <br>4.296% due 08/25/2046 •  | 1133 | 1188 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.882% due 09/25/2035 ~ | 71 | 56 |
| **Merrion Square Residential DAC** <br>3.003% due 03/24/2081 •  | 691 | 814 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.550% due 07/25/2035 ~  | $181 | 162 |
| 6.815% due 06/25/2036 þ  | 2736 | 682 |
| **RALI Trust**  |  |  |
| 4.206% due 09/25/2036 •  | 717 | 674 |
| 4.346% due 08/25/2035 •  | 1255 | 856 |
| 5.225% due 12/25/2035 ~  | 1041 | 917 |
| **Residential Asset Securitization Trust** <br>6.000% due 03/25/2037 | 2835 | 867 |
| **Sequoia Mortgage Trust** <br>4.408% due 07/20/2034 •  | 176 | 176 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>6.146% due 12/25/2037 •  | 1165 | 1008 |
| **Verus Securitization Trust** <br>6.218% due 06/25/2069 þ | 321 | 326 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.485% due 01/25/2037 ~  | 126 | 108 |
| 4.140% due 12/25/2036 ~  | 72 | 65 |
| 4.176% due 02/25/2037 ~  | 333 | 311 |
| 4.303% due 06/25/2037 ~  | 617 | 553 |
| 5.529% due 10/25/2046 •  | 1479 | 1419 |
| 5.529% due 11/25/2046 •  | 1374 | 1244 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>3.911% due 09/25/2036 þ | 2145 | 561 |
| Total Non-Agency Mortgage-Backed Securities (Cost $23,103) |  | 19317 |
| **ASSET-BACKED SECURITIES 21.0%**  |  |  |
| **AUTOMOBILE ABS OTHER 1.6%**  |  |  |
| **Carvana Auto Receivables Trust** <br>5.050% due 05/12/2031 | 500 | 506 |
| **SBNA Auto Receivables Trust**  |  |  |
| 5.120% due 03/17/2031  | 232 | 232 |
| 5.140% due 04/15/2031  | 2350 | 2358 |
|  |  | 3096 |
| **AUTOMOBILE SEQUENTIAL 1.9%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>5.900% due 08/21/2028 | 400 | 410 |
| **FHF Trust** <br>6.570% due 06/15/2028 | 95 | 95 |
| **Foursight Capital Automobile Receivables Trust** <br>5.990% due 05/15/2028 | 56 | 56 |
| **GLS Auto Select Receivables Trust** <br>5.960% due 10/16/2028 | 215 | 217 |
| **Hertz Vehicle Financing III LLC**  |  |  |
| 5.440% due 01/25/2029  | 900 | 920 |
| 5.490% due 06/25/2027  | 700 | 702 |
| **Lendbuzz Securitization Trust** <br>7.500% due 12/15/2028 | 660 | 672 |
| **Research-Driven Pagaya Motor Asset Trust** <br>7.130% due 01/26/2032 | 157 | 158 |
| **Research-Driven Pagaya Motor Asset Trust V** <br>5.320% due 09/25/2030 | 113 | 114 |
| **Santander Drive Auto Receivables Trust** <br>5.930% due 07/17/2028 | 176 | 177 |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SCCU Auto Receivables Trust** <br>5.700% due 10/16/2028 | 349 | 351 |
|  |  | 3872 |
| **CMBS OTHER 3.1%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.434% due 01/15/2037 •  | 202 | 203 |
| **AREIT Trust** <br>5.187% due 01/20/2037 •  | 357 | 357 |
| **BDS LLC** <br>5.302% due 10/17/2042 •  | 900 | 900 |
| **LMNT CRE LLC** <br>5.550% due 07/21/2043 •  | 800 | 801 |
| **LoanCore Issuer Ltd.** <br>5.165% due 11/15/2038 •  | 112 | 113 |
| **LRECS LLC** <br>5.500% due 08/19/2043 •  | 800 | 802 |
| **MF1 LLC**  |  |  |
| 5.306% due 02/18/2040 •  | 1000 | 999 |
| 5.881% due 06/19/2037 •  | 1158 | 1159 |
| 6.366% due 09/17/2037 •  | 122 | 122 |
| **MF1 Ltd.** <br>4.929% due 10/16/2036 •  | 147 | 147 |
| **TRTX Issuer Ltd.** <br>5.386% due 02/15/2039 •  | 688 | 687 |
|  |  | 6290 |
| **HOME EQUITY OTHER 4.6%**  |  |  |
| **Countrywide Asset-Backed Certificates** <br>4.326% due 04/25/2037 •  | 593 | 534 |
| **Fremont Home Loan Trust** <br>4.126% due 01/25/2037 •  | 1809 | 938 |
| **GSAA Home Equity Trust** <br>4.246% due 03/25/2037 •  | 4509 | 1229 |
| **GSAA Trust** <br>5.995% due 03/25/2046 ~ | 4178 | 1453 |
| **IXIS Real Estate Capital Trust** <br>4.246% due 03/25/2036 •  | 562 | 294 |
| **MASTR Specialized Loan Trust** <br>4.971% due 11/25/2035 •  | 1407 | 1358 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.926% due 11/25/2036 •  | 1194 | 708 |
| 4.026% due 03/25/2037 •  | 2873 | 1229 |
| **Option One Mortgage Loan Trust** <br>4.066% due 05/25/2037 •  | 1244 | 757 |
| **RCKT Mortgage Trust** <br>6.147% due 06/25/2044 þ | 334 | 338 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.326% due 07/25/2036 •  | 936 | 357 |
|  |  | 9195 |
| **WHOLE LOAN COLLATERAL 2.3%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>7.250% due 05/25/2036 þ | 858 | 424 |
| **GSRPM Mortgage Loan Trust** <br>5.196% due 03/25/2035 •  | 3189 | 3560 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.146% due 09/25/2037 •  | 839 | 589 |
|  |  | 4573 |
| **OTHER ABS 7.5%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.185% due 10/15/2034 •  | 500 | 501 |
| **37 Capital CLO II Ltd.** <br>5.195% due 07/15/2034 •  | 1000 | 1002 |
| **Anchorage Credit Funding 14 Ltd.** <br>3.000% due 01/21/2040 | 300 | 288 |
| **Arbour CLO VI DAC** <br>3.214% due 11/15/2037 •  | 800 | 942 |
| **Bain Capital Credit CLO Ltd.** <br>5.124% due 07/16/2034 •  | $500 | 500 |
| **BHG Securitization Trust** <br>5.930% due 10/17/2035 | 311 | 312 |
| **BlueMountain CLO XXII Ltd.** <br>5.246% due 07/15/2031 •  | 124 | 124 |
| **Capital Four U.S. CLO II Ltd.** <br>5.784% due 01/20/2037 •  | 600 | 604 |
| **CarVal CLO I Ltd.** <br>5.124% due 07/16/2031 •  | 652 | 653 |
| **CQS U.S. CLO Ltd.** <br>5.084% due 01/20/2035 •  | 900 | 901 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Elmwood CLO 15 Ltd.** <br>5.007% due 04/22/2035 •  | 700 | 700 |
| **Henley CLO VII DAC** <br>3.055% due 04/25/2034 •  | 483 | 568 |
| **Invesco Euro CLO III DAC** <br>3.184% due 10/30/2038 •  | 500 | 588 |
| **Jamestown CLO XVIII Ltd.** <br>5.128% due 07/25/2035 •  | $500 | 501 |
| **KKR CLO 16 Ltd.** <br>4.988% due 10/20/2034 •  | 500 | 500 |
| **Nelnet Student Loan Trust**  |  |  |
| 6.118% due 02/20/2041 •  | 139 | 142 |
| 6.640% due 02/20/2041  | 139 | 145 |
| **Northwoods Capital XIV-B Ltd.** <br>5.091% due 11/13/2031 •  | 538 | 538 |
| **Octagon Investment Partners 40 Ltd.** <br>4.924% due 01/20/2035 •  | 500 | 500 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 3.064% due 05/15/2034 •  | 535 | 630 |
| 3.954% due 05/15/2034 •  | 1000 | 1179 |
| 4.064% due 02/15/2035 •  | 500 | 590 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | $1000 | 1006 |
| **Sandstone Peak Ltd.** <br>5.185% due 10/15/2034 •  | 600 | 601 |
| **TCW CLO AMR Ltd.** <br>5.151% due 08/16/2034 •  | 500 | 500 |
| **Upstart Structured Pass-Through Trust** <br>4.250% due 06/17/2030 | 18 | 18 |
| **Wellfleet CLO Ltd.** <br>5.064% due 04/20/2034 •  | 500 | 501 |
|  |  | 15034 |
| Total Asset-Backed Securities (Cost $46,766) |  | 42060 |
| **SOVEREIGN ISSUES 13.8%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos** <br>5.000% due 10/01/2028 | 1305000 | 1460 |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (b) | 24800 | 4378 |
| **Colombia Government International Bonds** <br>8.375% due 11/07/2054 | $400 | 425 |
| **Colombia TES** <br>11.000% due 08/22/2029 | 7673700 | 1921 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $1000 | 1020 |
| **Ecuador Government International Bonds** <br>0.000% due 07/31/2030 (b) | 300 | 257 |
| **Ivory Coast Government International Bonds** <br>6.625% due 03/22/2048 | 300 | 320 |
| **Japan Government Thirty Year Bonds** <br>2.400% due 03/20/2055 | 130000 | 682 |
| **Mexico Bonos** <br>8.500% due 03/01/2029 | 43000 | 2411 |
| **Mexico Government International Bonds** <br>5.850% due 07/02/2032 | $200 | 206 |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 1100 | 353 |
| 7.300% due 08/12/2033  | 3200 | 1086 |
| 7.600% due 08/12/2039  | 100 | 33 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 3300 | 980 |
| 6.150% due 08/12/2032  | 15300 | 4912 |
| 6.950% due 08/12/2031  | 561 | 186 |
| **Republic of Poland Government Bonds** <br>4.750% due 07/25/2029 | 3480 | 986 |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 31570 | 1630 |
| 7.000% due 02/28/2031  | 26360 | 1557 |
| 8.000% due 01/31/2030  | 8600 | 531 |
| 8.250% due 03/31/2032  | 3400 | 211 |
| 8.500% due 01/31/2037  | 4900 | 294 |
| 8.875% due 02/28/2035  | 17700 | 1116 |
| **Romania Government International Bonds** <br>6.750% due 07/11/2039 | 400 | 490 |
| **Turkiye Government Bonds**  |  |  |
| 39.431% (BISTREFI + 0.000%) due 08/19/2026 ~  | 100 | 2 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 39.431% (BISTREFI + 0.000%) due 05/17/2028 ~  | 9500 | 221 |
| Total Sovereign Issues (Cost $25,688) |  | 27668 |
|  | SHARES |  |
| **EXCHANGE-TRADED FUNDS 15.2%**  |  |  |
| **iShares Core S&P 500 ETF** | 44559 | 30520 |
| Total Exchange-Traded Funds (Cost $30,088) |  | 30520 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 15.5%**  |  |  |
| **COMMERCIAL PAPER 0.3%**  |  |  |
| **Southern California Edison Co.** <br>4.550% due 01/05/2026 | $600 | 600 |
| **REPURCHASE AGREEMENTS (d) 15.2%** |  | 30400 |
| **SOUTH AFRICA TREASURY BILLS 0.0%**  |  |  |
| 7.505% due 06/17/2026 (b)(c) | 1300 | 76 |
| Total Short-Term Instruments (Cost $31,073) |  | 31076 |
| Total Investments in Securities (Cost $368,487) |  | 363298 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 7.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 7.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 7.9%**  |  |  |
| **PIMCO Short Asset Portfolio** | 1614951 | 15854 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 3447 | 34 |
| Total Short-Term Instruments (Cost $15,846) |  | 15888 |
| Total Investments in Affiliates (Cost $15,846) |  | 15888 |
| Total Investments 189.0% (Cost $384,333) |  | $379186 |
| **Financial Derivative Instruments (f)(h) 8.9**%(Cost or Premiums, net $7,144) |  | 17828 |
| Other Assets and Liabilities, net (97.9)% |  | (196375) |
| Net Assets 100.0% |  | $200639 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(d)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 01/05/2026 | 14500 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 11/30/2030 | (14789) | (14789) | 14500 | 14500 | $14500 |
|  | 01/02/2026 | 13500 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 01/31/2031 | (13747) | (13747) | 13500 | 13500 | 13503 |
| SAL | 01/02/2026 | 2400 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/29/2026 | (2450) | (2450) | 2400 | 2400 | 2400 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  |  |  | **(30986)** | **(30986)** | **30400** | **30400** | $**30403** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | 3.970%  | 3.970%  | 12/30/2025 | 12/30/2025 | 01/06/2026 | 01/06/2026 | 01/06/2026 | $ | (7996) | (7996) | (7996) | $(7998) | (7998) |
| DEU | DEU | 3.950  | 3.950  | 12/29/2025 | 12/29/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 |  | (2430) | (2430) | (2430) | (2431) | (2431) |
| SAL | SAL | 3.970  | 3.970  | 12/11/2025 | 12/11/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 |  | (1955) | (1955) | (1955) | (1960) | (1960) |
| SBI | SBI | 3.970  | 3.970  | 12/11/2025 | 12/11/2025 | 01/07/2026 | 01/07/2026 | 01/07/2026 |  | (10140) | (10140) | (10140) | (10165) | (10165) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  | $**(22554)** | **(22554)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% | U.S. Government Agencies (13.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000% | 3.000% | 02/01/2056 | $ | $6400 | 6400 | $ | (5725) | (5725) | $(5744) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 2.000 | 01/01/2056 |  | 4490 | 4490 |  | (3645) | (3645) | (3631) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.500 | 2.500 | 01/01/2056 |  | 6050 | 6050 |  | (5137) | (5137) | (5115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 3.500 | 02/01/2056 |  | 12870 | 12870 |  | (11859) | (11859) | (11859) |
| **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** | **Total Short Sales (13.1)%** |  |  |  |  |  |  | **$** | **(26366)** | **(26366)** | $**(26349)** |
| **(e)** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $23,324 have been pledged as collateral under the terms of master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended December 31, 2025 was $(103) at a weighted average interest rate of 4.309%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOT U.S. Treasury 10-Year Note March Futures  | Put - CBOT U.S. Treasury 10-Year Note March Futures  | Put - CBOT U.S. Treasury 10-Year Note March Futures  | $111.000 | 02/20/2026 | 02/20/2026 | 02/20/2026 | 29 | 29 | 29 | $(15) | (15) | (15) | $ | (8) |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | Call - CBOT U.S. Treasury 10-Year Note March Futures  | 114.000 | 114.000 | 02/20/2026 | 29 | 29 | 29 | 29 | (19) | (19) |  | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(34)** | **(34)** | **$** | **(13)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 30-Day Federal Fund February Futures  | 02/2026 | 02/2026 | 02/2026 | 47 | 47 | 47 | 18881 | 18881 |  | (7) | (7) | (7) | 0 | 0 | 0 | 0 |
| 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 30-Day Federal Fund May Futures  | 05/2026 | 05/2026 | 05/2026 | 19 | 19 | 19 | 7645 | 7645 |  | (14) | (14) | (14) | 0 | 0 | 0 | (1) |
| Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | Australia Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 33 | 33 | 33 | 2411 | 2411 |  | 4 | 4 | 4 | 3 | 3 | 3 | 0 |
| California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | 12/2026 | 12/2026 | 12/2026 | 5 | 5 | 5 | 165 | 165 |  | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | Euro-Bund March Futures  | 03/2026 | 03/2026 | 03/2026 | 57 | 57 | 57 | 8545 | 8545 |  | (119) | (119) | (119) | 0 | 0 | 0 | (15) |
| U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | U.S. Treasury 2-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 151 | 151 | 151 | 31527 | 31527 |  | 7 | 7 | 7 | 0 | 0 | 0 | (11) |
| U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | U.S. Treasury 5-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 132 | 132 | 132 | 14428 | 14428 |  | (11) | (11) | (11) | 0 | 0 | 0 | (16) |
| U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | U.S. Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 305 | 305 | 305 | 34293 | 34293 |  | (72) | (72) | (72) | 0 | 0 | 0 | (62) |
| U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | U.S. Ultra Treasury 10-Year Note March Futures  | 03/2026 | 03/2026 | 03/2026 | 39 | 39 | 39 | 4486 | 4486 |  | (6) | (6) | (6) | 0 | 0 | 0 | (7) |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | (217) | (217) | $ | 3 | 3 | $ | (112) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | Adjusted Interest Rate S&P 500 Total Return January Futures  | 01/2026 | 01/2026 | 01/2026 | 20 | 20 | 20 | (6703) | (6703) |  | (21) | (21) | (21) | 58 | 58 | 58 | 0 |
| Adjusted Interest Rate S&P 500 Total Return June Futures  | Adjusted Interest Rate S&P 500 Total Return June Futures  | Adjusted Interest Rate S&P 500 Total Return June Futures  | Adjusted Interest Rate S&P 500 Total Return June Futures  | 06/2026 | 06/2026 | 06/2026 | 21 | 21 | 21 | (7059) | (7059) |  | (76) | (76) | (76) | 61 | 61 | 61 | 0 |
| Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | Adjusted Interest Rate S&P 500 Total Return March Futures  | 03/2026 | 03/2026 | 03/2026 | 39 | 39 | 39 | (13087) | (13087) |  | (157) | (157) | (157) | 114 | 114 | 114 | 0 |
| Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | Euro-Oat March Futures  | 03/2026 | 03/2026 | 03/2026 | 64 | 64 | 64 | (9070) | (9070) |  | 54 | 54 | 54 | 22 | 22 | 22 | 0 |
| Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | Japan Government 10-Year Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 9 | 9 | 9 | (7608) | (7608) |  | 51 | 51 | 51 | 17 | 17 | 17 | 0 |
| Mini MSCI Emerging Markets Index March Futures  | Mini MSCI Emerging Markets Index March Futures  | Mini MSCI Emerging Markets Index March Futures  | Mini MSCI Emerging Markets Index March Futures  | 03/2026 | 03/2026 | 03/2026 | 11 | 11 | 11 | (776) | (776) |  | (17) | (17) | (17) | 2 | 2 | 2 | 0 |
| U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | U.S. Treasury Ultra Long-Term Bond March Futures  | 03/2026 | 03/2026 | 03/2026 | 31 | 31 | 31 | (3658) | (3658) |  | 10 | 10 | 10 | 12 | 12 | 12 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | (156) | (156) | $ | 286 | 286 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **(373)** | **(373)** | **$** | **289** | **289** | **$** | **(112)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| General Electric Co.  | 12/20/2026 | 12/20/2026 | 0.064 | 0.064 | % | $ | $ | $400 | 400 | 4 | 4 | $ | 0 | 4 | 4 | 4 | 0 | 0 | 0 |
| Morgan Stanley  | 06/20/2026 | 06/20/2026 | 0.226 | 0.226 |  |  |  | 600 | 600 | 4 | 4 |  | (2) | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | 8 | 8 | $ | (2) | 6 | 6 | 6 | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.IG-44 5-Year Index  | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | $ | $ | $7000 | 7000 | 7000 | (156) | (156) | $ | (3) | (159) | (159) | (159) | 0 | 0 | 0 |
| CDX.IG-45 5-Year Index  | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 12820 | 12820 | 12820 | (281) | (281) |  | (13) | (294) | (294) | (294) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  | (437) | (437) | $ | (16) | (453) | (453) | (453) | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 3.750% | Annual | 09/17/2030 | 09/17/2030 | 09/17/2030 | GBP | GBP | 15800 | 15800 | $(82) | (82) | $ | 170 | $88 | 88 | 88 | $18 | 18 | $0 |
| Pay | 4.320 | Annual | 10/20/2033 | 10/20/2033 | 10/20/2033 |  |  | 100 | 100 | (1) | (1) |  | 5 | 4 | 4 | 4 | 0 | 0 | 0 |
| Pay | 3.930 | Annual | 01/06/2035 | 01/06/2035 | 01/06/2035 |  |  | 100 | 100 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 09/17/2035 | 1900 | (56) | 61 | 5 | 3 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 09/17/2055 | 980 | 46 | (57) | (11) | 0 | (3) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 | 290000 | (11) | (117) | (128) | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | $8400 | 103 | (45) | 58 | 6 | 0 |
| Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.150 | Annual | 08/25/2028 | 17700 | (24) | (3) | (27) | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 02/28/2029 | 11260 | 0 | 121 | 121 | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 800 | 8 | (16) | (8) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 200 | 0 | (3) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 5820 | 154 | (12) | 142 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 2210 | (31) | 4 | (27) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 8750 | (144) | 29 | (115) | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 3100 | 9 | (46) | (37) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 7300 | 934 | (68) | 866 | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2032 | 1150 | (12) | 2 | (10) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 7630 | (173) | 104 | (69) | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 13600 | 889 | (230) | 659 | 28 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 1800 | 135 | (113) | 22 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 12/26/2033 | 100 | (1) | 0 | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 100 | (1) | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 100 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 100 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.594 | Annual | 01/09/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 4140 | (17) | 14 | (3) | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.795 | Annual | 08/06/2034 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 08/28/2034 | 100 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 | 100 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 120 | (1) | 6 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 | 100 | (1) | 5 | 4 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 | 100 | (1) | 5 | 4 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 | 100 | 0 | 4 | 4 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 11/14/2034 | 200 | (1) | 3 | 2 | 0 | (1) |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.793 | Annual | 11/19/2034 |  | 200 | (1) | 2 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.855 | Annual | 11/19/2034 |  | 100 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 8250 | (52) | 43 | (9) | 19 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.933 | Annual | 01/06/2035 |  | 200 | (1) | 3 | 2 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 01/08/2035 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.896 | Annual | 01/08/2035 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 01/13/2035 |  | 200 | (1) | 2 | 1 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.013 | Annual | 01/15/2035 |  | 100 | 0 | 2 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 |  | 100 | 0 | 2 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 |  | 100 | 0 | 3 | 3 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 |  | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 |  | 50 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 50 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 200 | (1) | 0 | (1) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 200 | (1) | (2) | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 200 | (1) | (1) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 200 | (1) | (1) | (2) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 |  | 200 | (1) | 0 | (1) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 |  | 19870 | 43 | 25 | 68 | 48 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 1110 | (20) | 25 | 5 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 |  | 2000 | 30 | 126 | 156 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 |  | 300 | 70 | 52 | 122 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.046 | Annual | 11/15/2052 |  | 1400 | 0 | (30) | (30) | 0 | (5) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.054 | Annual | 11/15/2052 |  | 1460 | 0 | (30) | (30) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.750 | Annual | 06/21/2053 |  | 1970 | 106 | 375 | 481 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 |  | 200 | (5) | 29 | 24 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 |  | 6100 | 96 | 603 | 699 | 20 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 5210 | (447) | (154) | (601) | 0 | (17) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 1410 | 35 | 67 | 102 | 5 | 0 |
| Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.110 | Annual | 08/25/2057 |  | 200 | 0 | (4) | (4) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | BRL | 800 | 0 | (1) | (1) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 8900 | 0 | (7) | (7) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 1700 | 0 | (1) | (1) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.975 | Maturity | 01/02/2029 |  | 14100 | 0 | (8) | (8) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.245 | Maturity | 01/02/2029 |  | 16800 | 0 | (4) | (4) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 5800 | 0 | (5) | (5) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 500 | 0 | 0 | 0 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.590 | Quarterly | 08/22/2029 | COP | 3770900 | 0 | 66 | 66 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.933 | Quarterly | 08/22/2029 |  | 3450900 | 0 | 51 | 51 | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.136 | Annual | 07/25/2029 | PLN | 1360 | (3) | (3) | (6) | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.930 | Annual | 07/25/2029 |  | 2300 | 0 | (27) | (27) | 0 | (1) |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 |  | 900 | 0 | 0 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 | 100 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.730 | Annual | 12/31/2035 | 100 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Receive | Receive | 3-Month ZAR-JIBAR | 7.205 | Quarterly | 02/28/2031 | 19290 |  | (10) |  | (19) |  | (29) |  | 0 |  | (1) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 | 4900 |  | (21) |  | (2) |  | (23) |  | 0 |  | (3) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | 3100 |  | 61 |  | (103) |  | (42) |  | 0 |  | (4) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 4.568 | Semi-Annual | 10/01/2028 | 801600 |  | 0 |  | (1) |  | (1) |  | 0 |  | (1) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 4.580 | Semi-Annual | 10/01/2028 | 444700 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Pay | Pay | 6-Month CZK-PRIBOR | 3.760 | Annual | 11/01/2034 | 200 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 | 5000 |  | 0 |  | 1 |  | 1 |  | 1 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 | 600 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.530 | Annual | 12/31/2035 | 500 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.280 | Annual | 03/04/2030 | 200 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.350 | Annual | 04/29/2030 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.250 | Annual | 11/06/2033 | 100 |  | (1) |  | (3) |  | (4) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.148 | Annual | 11/20/2033 | 100 |  | (1) |  | (2) |  | (3) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.305 | Annual | 11/27/2033 | 90 |  | 0 |  | (4) |  | (4) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.128 | Annual | 12/04/2033 | 100 |  | (1) |  | (2) |  | (3) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.063 | Annual | 12/06/2033 | 100 |  | 0 |  | (2) |  | (2) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.990 | Annual | 12/08/2033 | 100 |  | 0 |  | (2) |  | (2) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.910 | Annual | 12/29/2033 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 01/08/2034 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.580 | Annual | 08/29/2034 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.390 | Annual | 10/01/2034 | 100 |  | 0 |  | 4 |  | 4 |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.380 | Annual | 12/31/2034 | 100 |  | 0 |  | (5) |  | (5) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.220 | Annual | 01/08/2035 | 100 |  | 0 |  | (5) |  | (5) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 02/12/2035 | 100 |  | 0 |  | 3 |  | 3 |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 | 100 |  | 0 |  | (3) |  | (3) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 03/13/2035 | 100 |  | 0 |  | (2) |  | (2) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.520 | Annual | 03/27/2035 | 100 |  | 0 |  | (2) |  | (2) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 04/01/2035 | 100 |  | 0 |  | (3) |  | (3) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.530 | Annual | 04/23/2035 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.450 | Annual | 05/05/2035 | 100 |  | 0 |  | 3 |  | 3 |  | 0 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 7.000 | Lunar | 03/01/2029 | 9250 |  | 0 |  | 7 |  | 7 |  | 0 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 7.011 | Lunar | 03/01/2029 | 18500 |  | 0 |  | 13 |  | 13 |  | 0 |  | (1) |
| Pay | Pay | 28-Day MXN-TIIE | 7.760 | Lunar | 03/01/2029 | 4800 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 9.000 | Lunar | 03/01/2029 | 19100 |  | (31) |  | (17) |  | (48) |  | 0 |  | (1) |
| Receive | Receive | CPURNSA | 2.519 | Maturity | 04/04/2029 | $1670 |  | 6 |  | (6) |  | 0 |  | 3 |  | 0 |
| Receive | Receive | CPURNSA | 2.502 | Maturity | 03/25/2030 | 2600 |  | 0 |  | (11) |  | (11) |  | 4 |  | 0 |
| Receive | Receive | CPURNSA | 2.520 | Maturity | 03/27/2030 | 3500 |  | 0 |  | (19) |  | (19) |  | 5 |  | 0 |
| Receive | Receive | CPURNSA | 2.650 | Maturity | 08/12/2034 | 5600 |  | 99 |  | (57) |  | 42 |  | 10 |  | 0 |
| Receive | Receive | CPURNSA | 2.487 | Maturity | 12/07/2051 | 1150 |  | 24 |  | 17 |  | 41 |  | 3 |  | 0 |
|  |  |  |  |  |  |  | $1687 | 1687 | $830 | 830 | $2517 | 2517 | $274 | 274 | $(78) | (78) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**1258** | **1258** | $**812** | **812** | $**2070** | **2070** | $**274** | **274** | $**(78)** | **(78)** |
| **(g)** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** | **Securities with an aggregate market value of $1,082 and cash of $10,336 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of December 31, 2025.** |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 01/2026  | $420 | 65359 | 65359 | $0 | $(3) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 01/2026  | 147 | $97 | 97 | 0 | (1) |
|  |  | 01/2026  | 46543 | 50 | 50 | 0 | (2) |
|  |  | 01/2026  | 62476 | 43 | 43 | 0 | 0 |
|  |  | 01/2026  | 5307 | 90 | 90 | 0 | 0 |
|  |  | 01/2026  | 4021 | 1090 | 1090 | 0 | (30) |
|  |  | 01/2026  | 2919 | 90 | 90 | 0 | (3) |
|  |  | 01/2026  | 4276 | 140 | 140 | 4 | 0 |
|  |  | 01/2026  | $220 | 302 | 302 | 0 | 0 |
|  |  | 01/2026  | 51 | 46544 | 46544 | 1 | 0 |
|  |  | 01/2026  | 100 | 376100 | 376100 | 0 | (1) |
|  |  | 01/2026  | 116 | 169043 | 169043 | 2 | 0 |
|  |  | 01/2026  | 277 | 1014 | 1014 | 5 | 0 |
|  |  | 01/2026  | 26 | 807 | 807 | 0 | 0 |
|  |  | 02/2026  | 408 | $128 | 128 | 0 | 0 |
|  |  | 03/2026  | 46544 | 51 | 51 | 0 | (1) |
|  |  | 03/2026  | 10402 | 3086 | 3086 | 0 | (1) |
|  |  | 03/2026  | $129 | 2342 | 2342 | 0 | 0 |
|  |  | 03/2026  | 50 | 169 | 169 | 0 | 0 |
|  |  | 04/2026  | 3201 | $176 | 176 | 0 | 0 |
|  |  | 04/2026  | $40 | 742 | 742 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 01/2026  | 1192 | $776 | 776 | 0 | (20) |
|  |  | 01/2026  | 48 | 61 | 61 | 0 | 0 |
|  |  | 01/2026  | 3478 | 494 | 494 | 0 | (6) |
|  |  | 01/2026  | 1054 | 325 | 325 | 0 | (5) |
|  |  | 01/2026  | 10818 | 120 | 120 | 0 | 0 |
|  |  | 01/2026  | 45200 | 293 | 293 | 4 | 0 |
|  |  | 01/2026  | 103177 | 70 | 70 | 0 | (2) |
|  |  | 01/2026  | 1112 | 632 | 632 | 0 | (9) |
|  |  | 01/2026  | 568 | 156 | 156 | 0 | (3) |
|  |  | 01/2026  | 26286 | 854 | 854 | 17 | 0 |
|  |  | 01/2026  | $60 | 54443 | 54443 | 1 | 0 |
|  |  | 01/2026  | 532 | 3724 | 3724 | 2 | 0 |
|  |  | 01/2026  | 55 | 210369 | 210369 | 0 | 0 |
|  |  | 01/2026  | 130 | 111 | 111 | 0 | 0 |
|  |  | 01/2026  | 173 | 2901893 | 2901893 | 0 | 0 |
|  |  | 01/2026  | 60 | 5420 | 5420 | 0 | 0 |
|  |  | 01/2026  | 48 | 2852 | 2852 | 0 | 0 |
|  |  | 01/2026  | 356 | 1291 | 1291 | 4 | 0 |
|  |  | 01/2026  | 894 | 28043 | 28043 | 2 | (3) |
|  |  | 01/2026  | 329 | 5485 | 5485 | 2 | 0 |
|  |  | 01/2026  | 1677 | $100 | 100 | 0 | (1) |
|  |  | 02/2026  | $128 | 11507 | 11507 | 0 | 0 |
|  |  | 02/2026  | 313 | 9824 | 9824 | 0 | (1) |
|  |  | 03/2026  | 1735 | $83 | 83 | 0 | (1) |
|  |  | 03/2026  | 10221 | 329 | 329 | 4 | 0 |
|  |  | 03/2026  | $1177 | 36804 | 36804 | 0 | (7) |
|  |  | 04/2026  | 1500 | $263 | 263 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 01/2026  | 158 | 183 | 183 | 0 | (2) |
|  |  | 01/2026  | 2955 | 50 | 50 | 0 | 0 |
|  |  | 01/2026  | 12327 | 392 | 392 | 0 | 0 |
|  |  | 01/2026  | $40 | 667160 | 667160 | 0 | 0 |
|  |  | 01/2026  | 75 | 242 | 242 | 1 | 0 |
|  |  | 01/2026  | 139 | 570 | 570 | 2 | 0 |
|  |  | 01/2026  | 55 | 200 | 200 | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 12282 | $709 | 0 | (32) |
|  | 02/2026  | 175 | 54 | 0 | (1) |
|  | 02/2026  | 576 | 13 | 0 | 0 |
|  | 02/2026  | $660 | 29929 | 19 | 0 |
|  | 03/2026  | 510 | 9446 | 11 | 0 |
|  | 03/2026  | 633 | 28974 | 7 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 01/2026  | 2208 | $401 | 0 | (2) |
|  | 01/2026  | 403 | 120 | 0 | 0 |
|  | 01/2026  | $398 | 2208 | 5 | 0 |
|  | 01/2026  | 586 | 550590 | 26 | 0 |
|  | 01/2026  | 678 | 105471 | 0 | (4) |
|  | 01/2026  | 114 | 403 | 6 | 0 |
|  | 02/2026  | 2224 | $398 | 0 | (5) |
|  | 02/2026  | $51 | 196618 | 1 | 0 |
|  | 03/2026  | 6037 | $1728 | 0 | (63) |
|  | 04/2026  | 3200 | 563 | 1 | (9) |
|  | 05/2026  | 1527 | 448 | 0 | (4) |
|  | 06/2026  | $120 | 405 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 01/2026  | 1740 | $317 | 0 | (1) |
|  | 01/2026  | 239 | 171 | 0 | (3) |
|  | 01/2026  | 3597729 | 920 | 0 | (20) |
|  | 01/2026  | 48 | 57 | 0 | 0 |
|  | 01/2026  | 835950 | 50 | 0 | 0 |
|  | 01/2026  | 161 | 50 | 0 | (1) |
|  | 01/2026  | 1063 | 12 | 0 | 0 |
|  | 01/2026  | 620 | 61 | 0 | (1) |
|  | 01/2026  | 158 | 91 | 0 | 0 |
|  | 01/2026  | 211 | 59 | 0 | 0 |
|  | 01/2026  | 50495 | 1640 | 33 | 0 |
|  | 01/2026  | $203 | 305 | 1 | 0 |
|  | 01/2026  | 320 | 1740 | 0 | (3) |
|  | 01/2026  | 110 | 100667 | 2 | 0 |
|  | 01/2026  | 411 | 2870 | 1 | 0 |
|  | 01/2026  | 70 | 267862 | 1 | 0 |
|  | 01/2026  | 50 | 833781 | 0 | 0 |
|  | 01/2026  | 2808 | 250891 | 2 | (26) |
|  | 01/2026  | 146 | 214141 | 3 | 0 |
|  | 01/2026  | 240 | 809 | 1 | 0 |
|  | 01/2026  | 40 | 142 | 0 | 0 |
|  | 01/2026  | 0 | 4 | 0 | 0 |
|  | 01/2026  | 497 | 15551 | 0 | (2) |
|  | 01/2026  | 100 | 1728 | 4 | 0 |
|  | 02/2026  | 321 | $101 | 0 | 0 |
|  | 02/2026  | 1721 | 509 | 0 | (2) |
|  | 02/2026  | $596 | 2318908 | 7 | 0 |
|  | 02/2026  | 8 | 243 | 0 | 0 |
|  | 03/2026  | 471976 | $507 | 0 | (18) |
|  | 03/2026  | 2105 | 613 | 0 | (12) |
|  | 03/2026  | 11109 | 357 | 4 | 0 |
|  | 03/2026  | $123 | 415 | 0 | 0 |
|  | 03/2026  | 50 | 1554 | 0 | 0 |
|  | 08/2026  | 124 | 2208 | 7 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 01/2026  | 50 | 168 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 01/2026  | 292 | $91 | 0 | (1) |
|  | 01/2026  | 169124 | 116 | 0 | (2) |
|  | 01/2026  | $50 | 189422 | 0 | (1) |
|  | 01/2026  | 225 | 719 | 0 | 0 |
|  | 01/2026  | 609 | 54212 | 0 | (7) |
|  | 01/2026  | 510 | 749146 | 9 | 0 |
|  | 01/2026  | 100 | 1674 | 1 | 0 |
|  | 01/2026  | 17541 | $1007 | 0 | (51) |
|  | 02/2026  | 718 | 225 | 0 | 0 |
|  | 02/2026  | $203 | 66718 | 1 | 0 |
|  | 02/2026  | 10 | 328 | 0 | 0 |
|  | 03/2026  | 3365 | $107 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 01/2026  | 2150 | 1397 | 0 | (38) |
|  | 01/2026  | 50 | 62 | 0 | (1) |
|  | 01/2026  | 1734 | 246 | 0 | (2) |
|  | 01/2026  | 50042 | 559 | 4 | 0 |
|  | 01/2026  | 18376 | 991 | 0 | (27) |
|  | 01/2026  | 648 | 372 | 0 | (2) |
|  | 01/2026  | 3354 | 108 | 1 | 0 |
|  | 01/2026  | $119 | 382 | 1 | 0 |
|  | 01/2026  | 741 | 67553 | 9 | 0 |
|  | 01/2026  | 446 | 1630 | 8 | 0 |
|  | 01/2026  | 16825 | $981 | 0 | (34) |
|  | 02/2026  | 382 | 119 | 0 | (1) |
|  | 02/2026  | 2773 | 792 | 0 | (32) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 01/2026  | 684 | 853 | 0 | (11) |
|  | 01/2026  | 573 | 177 | 0 | (3) |
|  | 01/2026  | 41 | 10 | 0 | 0 |
|  | 01/2026  | 1616 | 51 | 0 | (1) |
|  | 01/2026  | $308 | 422 | 0 | (1) |
|  | 01/2026  | 251 | 1767 | 3 | 0 |
|  | 01/2026  | 50 | 188456 | 0 | 0 |
|  | 01/2026  | 100 | 1678156 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 01/2026  | 50 | 4501 | 0 | 0 |
|  | 01/2026  | 9 | 35 | 0 | 0 |
|  | 01/2026  | 332 | 1213 | 6 | 0 |
|  | 01/2026  | 269 | 8569 | 3 | 0 |
|  | 01/2026  | 11286 | $655 | 0 | (26) |
|  | 02/2026  | $552 | 3040 | 0 | (1) |
|  | 02/2026  | 186 | 3453 | 5 | 0 |
|  | 02/2026  | 27 | 1250 | 1 | 0 |
|  | 03/2026  | 2503 | 13867 | 0 | (6) |
|  | 03/2026  | 137 | 2540 | 3 | 0 |
|  | 04/2026  | 6500 | $1146 | 3 | (19) |
|  | 04/2026  | $400 | 7364 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 01/2026  | 5686 | $1033 | 0 | (4) |
|  | 01/2026  | $1053 | 5686 | 0 | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 01/2026  | 1224 | $221 | 0 | (2) |
|  | 01/2026  | 7217 | 1025 | 0 | (11) |
|  | 01/2026  | 185 | 24 | 0 | 0 |
|  | 01/2026  | 2205 | 676 | 0 | (16) |
|  | 01/2026  | 17680 | 199 | 2 | 0 |
|  | 01/2026  | 1170924 | 816 | 4 | 0 |
|  | 01/2026  | 87 | 50 | 0 | 0 |
|  | 01/2026  | 1029 | 281 | 0 | (6) |
|  | 01/2026  | 3231 | 105 | 2 | 0 |
|  | 01/2026  | $222 | 1224 | 1 | 0 |
|  | 01/2026  | 301 | 2111 | 2 | 0 |
|  | 01/2026  | 245 | 21813 | 0 | (3) |
|  | 01/2026  | 199 | 292384 | 4 | 0 |
|  | 01/2026  | 26 | 268 | 0 | 0 |
|  | 01/2026  | 405 | 1493 | 11 | 0 |
|  | 01/2026  | 344 | 10660 | 0 | (5) |
|  | 01/2026  | 4137 | $241 | 0 | (8) |
|  | 02/2026  | $816 | 1169388 | 0 | (5) |
|  | 02/2026  | 326 | 6041 | 8 | 0 |
|  | 03/2026  | 229 | 4197 | 3 | 0 |
|  | 04/2026  | 13600 | $2307 | 0 | (124) |
|  | 04/2026  | $113 | 2087 | 2 | 0 |
|  | 06/2026  | 1300 | $73 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 01/2026  | 3070 | 2181 | 0 | (57) |
|  | 01/2026  | 112 | 141 | 0 | 0 |
|  | 01/2026  | 1595 | 205 | 0 | 0 |
|  | 01/2026  | 507900 | 3269 | 24 | 0 |
|  | 01/2026  | 1073 | 113 | 0 | (4) |
|  | 01/2026  | 4420 | 3406 | 0 | (34) |
|  | 01/2026  | $217 | 325 | 0 | 0 |
|  | 01/2026  | 141 | 112 | 0 | 0 |
|  | 01/2026  | 103 | 87 | 0 | 0 |
|  | 01/2026  | 39 | 3495 | 0 | 0 |
|  | 01/2026  | 29 | 4521 | 0 | 0 |
|  | 01/2026  | 89 | 326 | 2 | 0 |
|  | 01/2026  | 210 | 1975 | 4 | 0 |
|  | 01/2026  | 58 | 1894 | 2 | 0 |
|  | 01/2026  | 390 | 11910 | 0 | (11) |
|  | 01/2026  | 30 | 504 | 0 | 0 |
|  | 02/2026  | 86 | 1584 | 2 | 0 |
|  | 03/2026  | 95 | 1756 | 2 | 0 |
|  | 04/2026  | 97 | 1784 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 01/2026  | 150 | 209 | 2 | 0 |
|  | 01/2026  | 98 | 8900 | 1 | 0 |
|  | 01/2026  | 2 | 361 | 0 | 0 |
|  | 01/2026  | 98 | 143013 | 1 | 0 |
|  | 01/2026  | 30 | 123 | 0 | 0 |
|  | 01/2026  | 40 | 1247 | 0 | 0 |
|  | 02/2026  | 644 | $200 | 0 | (2) |
|  | 04/2026  | $60 | 1092 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 01/2026  | 356454 | $243 | 0 | (4) |
|  | 01/2026  | $209 | 306679 | 4 | 0 |
|  | 03/2026  | 331 | 15149 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 01/2026  | 212 | 292 | 1 | 0 |
|  | 01/2026  | 99 | 144545 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 01/2026  | 2576 | $331 | 0 | 0 |
|  | 01/2026  | $239 | 1860 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 01/2026  | 3457 | $491 | 0 | (5) |
|  | 01/2026  | 1821 | 20 | 0 | 0 |
|  | 01/2026  | 10200 | 65 | 0 | 0 |
|  | 01/2026  | 4636 | 152 | 5 | 0 |
|  | 01/2026  | $289 | 4826839 | 0 | 0 |
|  | 01/2026  | 39 | 3559 | 0 | 0 |
|  | 01/2026  | 526 | 81816 | 0 | (3) |
|  | 03/2026  | 1935 | $106 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 01/2026  | 6106 | 7069 | 0 | (110) |
|  | 01/2026  | 750 | 8 | 0 | 0 |
|  | 01/2026  | $1957 | 306062 | 0 | (2) |
|  | 01/2026  | 217 | 6706 | 0 | (3) |
|  | 02/2026  | 255 | 1422 | 3 | 0 |
|  | 02/2026  | 86 | 1585 | 2 | 0 |
|  | 03/2026  | 483708 | $499 | 0 | (39) |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 03/2026  | 03/2026  | 27581 | 27581 | 27581 | 27581 |  |  | 1472 | 1472 | 1472 | 1472 |  | 0 | 0 | 0 |  | (49) |
|  |  | 03/2026  | 03/2026  | 212 | 212 | 212 | 212 |  |  | 63 | 63 | 63 | 63 |  | 0 | 0 | 0 |  | 0 |
|  |  | 03/2026  | 03/2026  | $1012 | 1012 | 1012 | 1012 | MXN | MXN | 18958 | 18958 | 18958 | 18958 |  | 33 | 33 | 33 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 01/2026  | 01/2026  | 1732798 | 1732798 | 1732798 | 1732798 | $ | $ | 104 | 104 | 104 | 104 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 29393 | 29393 | 29393 | 29393 |  |  | 328 | 328 | 328 | 328 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 01/2026  | 260626 | 260626 | 260626 | 260626 |  |  | 178 | 178 | 178 | 178 |  | 0 | 0 | 0 |  | (3) |
|  |  | 01/2026  | 01/2026  | 15245 | 15245 | 15245 | 15245 |  |  | 493 | 493 | 493 | 493 |  | 8 | 8 | 8 |  | 0 |
|  |  | 01/2026  | 01/2026  | $301 | 301 | 301 | 301 | INR | INR | 26924 | 26924 | 26924 | 26924 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 01/2026  | 01/2026  | 7468 | 7468 | 7468 | 7468 | $ | $ | 1365 | 1365 | 1365 | 1365 |  | 2 | 2 | 2 |  | 0 |
|  |  | 01/2026  | 01/2026  | 264 | 264 | 264 | 264 |  |  | 330 | 330 | 330 | 330 |  | 0 | 0 | 0 |  | (4) |
|  |  | 01/2026  | 01/2026  | 2400110 | 2400110 | 2400110 | 2400110 |  |  | 611 | 611 | 611 | 611 |  | 0 | 0 | 0 |  | (19) |
|  |  | 01/2026  | 01/2026  | 439 | 439 | 439 | 439 |  |  | 120 | 120 | 120 | 120 |  | 0 | 0 | 0 |  | (2) |
|  |  | 01/2026  | 01/2026  | $1357 | 1357 | 1357 | 1357 | BRL | BRL | 7468 | 7468 | 7468 | 7468 |  | 6 | 6 | 6 |  | 0 |
|  |  | 01/2026  | 01/2026  | 60 | 60 | 60 | 60 | CAD | CAD | 83 | 83 | 83 | 83 |  | 0 | 0 | 0 |  | 0 |
|  |  | 01/2026  | 01/2026  | 352 | 352 | 352 | 352 | PLN | PLN | 1278 | 1278 | 1278 | 1278 |  | 4 | 4 | 4 |  | 0 |
|  |  | 01/2026  | 01/2026  | 17183 | 17183 | 17183 | 17183 | $ | $ | 988 | 988 | 988 | 988 |  | 0 | 0 | 0 |  | (48) |
|  |  | 02/2026  | 02/2026  | $77 | 77 | 77 | 77 | MXN | MXN | 1420 | 1420 | 1420 | 1420 |  | 2 | 2 | 2 |  | 0 |
|  |  | 03/2026  | 03/2026  | 509813 | 509813 | 509813 | 509813 | $ | $ | 548 | 548 | 548 | 548 |  | 0 | 0 | 0 |  | (19) |
|  |  | 03/2026  | 03/2026  | 4169112 | 4169112 | 4169112 | 4169112 |  |  | 1061 | 1061 | 1061 | 1061 |  | 0 | 0 | 0 |  | (19) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**416** | **416** | **416** | **$** | $**(1225)** | **(1225)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| GST | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Buy | Buy | 0.650% | 0.650% | 0.650% | 0.650% | 05/20/2026 | 05/20/2026 | 32300 | 32300 | 32300 | $63 | 63 | $ | $48 |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 3600 | 3600 | 3600 | $5 | 5 | $ | $2 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 5400 | 5400 | 5400 | 8 | 8 |  | 3 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1419.000 | 1419.000 | 1419.000 | 02/12/2026 | 460 | 460 | 460 | 3 | 3 |  | 3 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 18.000 | 18.000 | 18.000 | 08/19/2026 | 1040 | 1040 | 1040 | 46 | 46 |  | 84 |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1423.000 | 1423.000 | 1423.000 | 02/12/2026 | 160 | 160 | 160 | 1 | 1 |  | 1 |
| GLM | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.390 | 5.390 | 5.390 | 02/04/2026 | 610 | 610 | 610 | 9 | 9 |  | 3 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 1000 | 1000 | 1000 | 1 | 1 |  | 1 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/14/2026 | 1800 | 1800 | 1800 | 2 | 2 |  | 1 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 2000 | 2000 | 2000 | 3 | 3 |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $78 | 78 | $ | $99 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.093% | 4.093% | 4.093% | 4.093% | 01/04/2027 | 01/04/2027 | 22800 | 22800 | 22800 | $16 | 16 | $ | $10 |
|  | Call - OTC 5-Year Interest Rate Swap  | Call - OTC 5-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.230 | 3.230 | 3.230 | 3.230 | 03/30/2026 | 03/30/2026 | 2300 | 2300 | 2300 | 18 | 18 |  | 7 |
|  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.317 | 3.317 | 3.317 | 3.317 | 03/02/2026 | 03/02/2026 | 2600 | 2600 | 2600 | 15 | 15 |  | 4 |
|  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.194 | 3.194 | 3.194 | 3.194 | 03/04/2026 | 03/04/2026 | 600 | 600 | 600 | 2 | 2 |  | 1 |
|  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.758 | 3.758 | 3.758 | 3.758 | 03/30/2026 | 03/30/2026 | 1100 | 1100 | 1100 | 9 | 9 |  | 5 |
|  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.146 | 3.146 | 3.146 | 3.146 | 04/15/2026 | 04/15/2026 | 1400 | 1400 | 1400 | 11 | 11 |  | 3 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.972 | 2.972 | 2.972 | 2.972 | 08/04/2026 | 08/04/2026 | 200 | 200 | 200 | 2 | 2 |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.222 | 3.222 | 3.222 | 3.222 | 08/04/2026 | 08/04/2026 | 100 | 100 | 100 | 1 | 1 |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 2.965 | 2.965 | 2.965 | 2.965 | 08/05/2026 | 08/05/2026 | 200 | 200 | 200 | 2 | 2 |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.215 | 3.215 | 3.215 | 3.215 | 08/05/2026 | 08/05/2026 | 100 | 100 | 100 | 1 | 1 |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.067 | 3.067 | 3.067 | 3.067 | 08/12/2026 | 08/12/2026 | 300 | 300 | 300 | 2 | 2 |  | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.317 | 3.317 | 3.317 | 3.317 | 08/12/2026 | 08/12/2026 | 100 | 100 | 100 | 1 | 1 |  | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.075 | 3.075 | 3.075 | 3.075 | 08/14/2026 | 08/14/2026 | 200 | 200 | 200 | 2 | 2 |  | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.325 | 3.325 | 3.325 | 3.325 | 08/14/2026 | 08/14/2026 | 100 | 100 | 100 | 1 | 1 |  | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.427 | 4.427 | 4.427 | 4.427 | 08/06/2035 | 08/06/2035 | 700 | 700 | 700 | 62 | 62 |  | 49 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.427 | 4.427 | 4.427 | 4.427 | 08/06/2035 | 08/06/2035 | 700 | 700 | 700 | 62 | 62 |  | 61 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.656 | 4.656 | 4.656 | 4.656 | 08/20/2035 | 08/20/2035 | 600 | 600 | 600 | 52 | 52 |  | 46 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.656 | 08/20/2035 | 600 | 52 | 49 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.693 | 08/27/2035 | 1000 | 86 | 78 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.693 | 08/27/2035 | 1000 | 86 | 80 |
| BRC | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.110 | 08/23/2027 | 1900 | 153 | 108 |
|  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.110 | 08/23/2027 | 2500 | 202 | 190 |
| DUB | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.163 | 08/23/2027 | 141600 | 711 | 496 |
|  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.163 | 08/23/2027 | 141600 | 711 | 694 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.189 | 01/02/2026 | 1900 | 8 | 0 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.442 | 03/24/2026 | 2900 | 14 | 13 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.174 | 04/27/2026 | 2400 | 18 | 6 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.628 | 08/20/2035 | 2700 | 234 | 205 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.628 | 08/21/2035 | 2200 | 190 | 167 |
| FAR | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.751 | 10/14/2026 | 19100 | 17 | 12 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.407 | 03/18/2026 | 3700 | 19 | 13 |
| GLM | Call - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.110 | 08/23/2027 | 5500 | 444 | 313 |
|  | Put - OTC 30-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.110 | 08/23/2027 | 7200 | 581 | 547 |
| JPM | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.260 | 04/28/2026 | 2600 | 25 | 9 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.750 | 02/18/2026 | 6100 | 13 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.989 | 08/06/2026 | 300 | 3 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.239 | 08/06/2026 | 200 | 3 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 2.995 | 08/07/2026 | 200 | 2 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.245 | 08/07/2026 | 100 | 1 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.038 | 08/11/2026 | 300 | 3 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.288 | 08/11/2026 | 100 | 1 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.485 | 07/31/2035 | 4500 | 396 | 324 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.485 | 07/31/2035 | 4500 | 396 | 385 |
| MYC | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.857 | 10/07/2026 | 24100 | 19 | 11 |
|  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.141 | 12/30/2026 | 24600 | 18 | 10 |
|  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.082 | 01/04/2027 | 24500 | 18 | 11 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.421 | 03/30/2026 | 2900 | 15 | 12 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.174 | 04/27/2026 | 200 | 1 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.255 | 08/03/2026 | 3000 | 39 | 13 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.505 | 08/03/2026 | 2600 | 52 | 21 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.255 | 08/03/2026 | 2600 | 38 | 19 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.048 | 08/10/2026 | 300 | 2 | 1 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.298 | 08/10/2026 | 100 | 1 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.485 | 08/07/2035 | 700 | 62 | 50 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.485 | 08/07/2035 | 700 | 62 | 60 |
| NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.520 | 08/13/2035 | 1400 | 123 | 102 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 4.520 | 08/13/2035 | 1400 | 123 | 119 |
|  |  |  |  |  |  |  | $5201 | $4311 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Cost | Market<br>Value |
| GSC | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 02/01/2056  | $ | $97.375 | 97.375 | 97.375 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | $1600 | $2 | $1 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  |  | 98.906 | 98.906 | 98.906 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | 6100 | 4 | 0 |
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 02/01/2056  |  | 98.922 | 98.922 | 98.922 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | 5900 | 4 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $10 | $1 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**5352** | $**4459** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| GST | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525% | 0.525% | 0.525% | 01/21/2026 | 01/21/2026 | 4600 | $(6) | $(6) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.550 | 0.550 | 0.550 | 01/21/2026 | 01/21/2026 | 13440 | (25) | (30) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.575 | 0.575 | 0.575 | 01/21/2026 | 01/21/2026 | 2200 | (5) | (7) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525 | 0.525 | 0.525 | 02/18/2026 | 02/18/2026 | 12900 | (19) | (19) |
|  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | Sell | Sell | 0.525 | 0.525 | 0.525 | 02/18/2026 | 02/18/2026 | 2900 | (4) | (3) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.500 | 0.500 | 0.500 | 05/20/2026 | 05/20/2026 | 7300 | (9) | (9) |
|  | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525 | 0.525 | 0.525 | 05/20/2026 | 05/20/2026 | 29200 | (54) | (54) |
| RBC | Call - OTC CDX.IG-45 5-Year Index  | Call - OTC CDX.IG-45 5-Year Index  | Buy | Buy | Buy | 0.525 | 0.525 | 0.525 | 02/18/2026 | 02/18/2026 | 500 | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  | $(123) | $(129) |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 3600 | $(2) | $(1) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 | 5400 | (3) | (2) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1383.000 | 1383.000 | 02/12/2026 | 460 | (1) | (1) |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 17.000 | 17.000 | 08/19/2026 | 2070 | (44) | (78) |
| BRC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1385.000 | 1385.000 | 02/12/2026 | 160 | 0 | 0 |
| GLM | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.160 | 5.160 | 02/04/2026 | 610 | (2) | 0 |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.680 | 5.680 | 02/04/2026 | 610 | (7) | (5) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 1000 | 0 | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/14/2026 | 1800 | (1) | (1) |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 | 2000 | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  | $(61) | $(89) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.617% | 3.617% | 3.617% | 03/02/2026 | 03/02/2026 | 2900 | $(16) | $(19) |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.646 | 3.646 | 3.646 | 04/15/2026 | 04/15/2026 | 1600 | (12) | (14) |
| BPS | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.622 | 3.622 | 3.622 | 01/29/2026 | 01/29/2026 | 300 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.882 | 3.882 | 3.882 | 01/29/2026 | 01/29/2026 | 300 | (1) | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.066 | 4.066 | 4.066 | 02/05/2026 | 02/05/2026 | 1100 | (2) | (1) |
| DUB | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.689 | 3.689 | 3.689 | 01/02/2026 | 01/02/2026 | 2100 | (8) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.742 | 3.742 | 3.742 | 03/24/2026 | 03/24/2026 | 3100 | (14) | (15) |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.674 | 3.674 | 3.674 | 04/27/2026 | 04/27/2026 | 2500 | (17) | (21) |
| FAR | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.707 | 3.707 | 3.707 | 03/18/2026 | 03/18/2026 | 3800 | (18) | (20) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.580 | 3.580 | 3.580 | 01/05/2026 | 01/05/2026 | 400 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.860 | 3.860 | 3.860 | 01/05/2026 | 01/05/2026 | 400 | (1) | 0 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.578 | 3.578 | 3.578 | 01/12/2026 | 01/12/2026 | 200 | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.878 | 3.878 | 3.878 | 01/12/2026 | 01/12/2026 | 200 | 0 | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.648 | 3.648 | 3.648 | 01/15/2026 | 01/15/2026 | 200 | (1) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.928 | 3.928 | 3.928 | 01/15/2026 | 01/15/2026 | 200 | (1) | 0 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 4.180 | 4.180 | 4.180 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | 3200 |  | (3) | (3) | (3) | (1) | (1) | (1) |
| JPM | JPM | JPM | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.560 | 3.560 | 3.560 | 04/28/2026 | 04/28/2026 | 04/28/2026 |  | 2700 |  | (25) | (25) | (25) | (33) | (33) | (33) |
| MYC | MYC | MYC | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.721 | 3.721 | 3.721 | 03/30/2026 | 03/30/2026 | 03/30/2026 |  | 3100 |  | (15) | (15) | (15) | (17) | (17) | (17) |
|  |  |  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.674 | 3.674 | 3.674 | 04/27/2026 | 04/27/2026 | 04/27/2026 |  | 200 |  | (1) | (1) | (1) | (2) | (2) | (2) |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | Receive | 3.625 | 3.625 | 3.625 | 01/08/2026 | 01/08/2026 | 01/08/2026 |  | 300 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.925 | 3.925 | 3.925 | 01/08/2026 | 01/08/2026 | 01/08/2026 |  | 300 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | Receive | 3.639 | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 200 |  | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.919 | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 200 |  | 0 | 0 | 0 | 0 | 0 | 0 |
| NGF | NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | Receive | 3.639 | 3.639 | 3.639 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 300 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 3.919 | 3.919 | 3.919 | 01/12/2026 | 01/12/2026 | 01/12/2026 |  | 300 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | Pay | 4.186 | 4.186 | 4.186 | 02/05/2026 | 02/05/2026 | 02/05/2026 |  | 3300 |  | (3) | (3) | (3) | (1) | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (144) | (144) | (144) | $(145) | (145) | (145) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| GSC | GSC | GSC | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 01/01/2056  | $ | $ | 97.375 | 97.375 | 97.375 | 97.375 | 01/07/2026 | 01/07/2026 | 01/07/2026 |  | $ | 800 | $ | (2) | (2) | (2) | $0 | 0 | 0 |
|  |  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  |  |  | 102.133 | 102.133 | 102.133 | 102.133 | 03/05/2026 | 03/05/2026 | 03/05/2026 |  |  | 2400 |  | (7) | (7) | (7) | (2) | (2) | (2) |
|  |  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 03/01/2056  |  |  | 102.141 | 102.141 | 102.141 | 102.141 | 03/05/2026 | 03/05/2026 | 03/05/2026 |  |  | 3600 |  | (9) | (9) | (9) | (3) | (3) | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (18) | (18) | (18) | $(5) | (5) | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(346)** | **(346)** | **(346)** | $**(368)** | **(368)** | **(368)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>December 31, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| BRC | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | 12/20/2035 | 12/20/2035 | 1.056% | 1.056% | 1.056% | $ | $200 | 200 | $0 | 0 | $(1) | (1) | $0 | 0 | 0 | $(1) |
| GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.706 | 1.706 | 1.706 |  | 100 | 100 | (1) | (1) | 1 | 1 | 0 | 0 | 0 | 0 |
| JPM | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | Saudi Arabia Government International Bonds  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | Quarterly | 06/20/2035 | 06/20/2035 | 06/20/2035 | 06/20/2035 | 1.033 | 1.033 | 1.033 |  | 500 | 500 | 3 | 3 | (4) | (4) | 0 | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $2 | 2 | $(4) | (4) | $0 | 0 | 0 | $(2) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| BOA | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | 630 | 630 | 142 | 142 | 7 | $ | 149 | 149 | $ | 0 |
| BPS | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 1260 | 1260 | 291 | 291 | 6 |  | 297 | 297 |  | 0 |
| BRC | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110 | 0.110 | 0.110 | Monthly | Monthly | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 | $ | 832 | 832 | (232) | (232) | 167 |  | 0 | 0 |  | (65) |
| CBK | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | EUR | 840 | 840 | 191 | 191 | 7 |  | 198 | 198 |  | 0 |
| JPM | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 1960 | 1960 | 453 | 453 | 9 |  | 462 | 462 |  | 0 |
| MYC | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 |  | 290 | 290 | 67 | 67 | 1 |  | 68 | 68 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $912 | 912 | $197 | 197 | $1174 | 1174 | 1174 | $(65) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(6)</sup> | Underlying<br>Reference | Underlying<br>Reference | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | ERAEMLT Index  | ERAEMLT Index  | ERAEMLT Index  | 2680 | 2680 | &nbsp;&nbsp; 5.010% (SOFR plus a specified spread) | &nbsp;&nbsp; 5.010% (SOFR plus a specified spread) | &nbsp;&nbsp; 5.010% (SOFR plus a specified spread) | &nbsp;&nbsp; 5.010% (SOFR plus a specified spread) | &nbsp;&nbsp; 5.010% (SOFR plus a specified spread) | Maturity | Maturity | Maturity | 07/01/2026 | 07/01/2026 | 07/01/2026 | 14034 | 14034 | $0 | 0 | $2278 | 2278 | $2278 | 2278 | 2278 | $0 |
| &nbsp;&nbsp; MEI | &nbsp;&nbsp; MEI | Receive | ERAEMLT Index  | ERAEMLT Index  | ERAEMLT Index  | 10624 | 10624 | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | Maturity | Maturity | Maturity | 01/07/2026 | 01/07/2026 | 01/07/2026 | 52063 | 52063 | 0 | 0 | 11242 | 11242 | 11242 | 11242 | 11242 | 0 |

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<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Receive | ERAEMLT Index  | 2047 | &nbsp;&nbsp; 4.905% (SOFR plus a specified spread) | Monthly | 03/04/2026 | 12806 | 0 | (53) | (53) | 0 | (53) |
|  | Receive | ERAEMLN Index  | 5847 | &nbsp;&nbsp; 4.50% (SOFR less a specified spread) | Monthly | 05/06/2026 | 15704 | 0 | (60) | (60) | 0 | (60) |
|  | Receive | ERAEMLN Index  | 3339 | &nbsp;&nbsp; 4.330% (SOFR plus a specified spread) | Monthly | 07/08/2026 | 8968 | 0 | (33) | (33) | 0 | (33) |
|  | Receive | ERAEMLN Index  | 30195 | &nbsp;&nbsp; 4.290% (SOFR plus a specified spread) | Monthly | 08/05/2026 | 81098 | 0 | (295) | (295) | 0 | (295) |
|  |  |  |  |  |  |  |  | 0 | $13079 | 13079 | $13520 | $(441) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **914** | $**13272** | **13272** | $**14694** | $**(508)** |
| **(i)** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** | **Securities with an aggregate market value of $886 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of December 31, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of December 31, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 12/31/2025 | Fair Value<br>at 12/31/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | $3481 | $0 | 0 | $ | 3481 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 1300 | 0 | 0 |  | 1300 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 494 | 0 | 0 |  | 494 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Nebraska | Nebraska | Nebraska | Nebraska | Nebraska | 0 | 0 | 71 | 0 | 0 |  | 71 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 202379 | 0 | 0 |  | 202379 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 4932 | 0 | 0 |  | 4932 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 19317 | 0 | 0 |  | 19317 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 3096 | 0 | 0 |  | 3096 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 3872 | 0 | 0 |  | 3872 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 6290 | 0 | 0 |  | 6290 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 9195 | 0 | 0 |  | 9195 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 4573 | 0 | 0 |  | 4573 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 15034 | 0 | 0 |  | 15034 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 27668 | 0 | 0 |  | 27668 |  |
| Exchange-Traded Funds | Exchange-Traded Funds | Exchange-Traded Funds | Exchange-Traded Funds | Exchange-Traded Funds | 30520 | 30520 | 0 | 0 | 0 |  | 30520 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 600 | 0 | 0 |  | 600 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 30400 | 0 | 0 |  | 30400 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 76 | 0 | 0 |  | 76 |  |
|  |  |  |  |  | $30520 | 30520 | $332778 | $0 | 0 | $ | 363298 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $15888 | 15888 | $0 | $0 | 0 | $ | 15888 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $46408 | 46408 | $332778 | $0 | 0 | $ | 379186 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | $(26349) | $0 | 0 | $ | (26349) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 277 | 277 | 286 | 0 | 0 |  | 563 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 19569 | 0 | 0 |  | 19569 |  |
|  |  |  |  |  | $277 | 277 | $19855 | $0 | 0 | $ | 20132 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |

---

------

<br> Schedule of Investments PIMCO RAE PLUS EMG Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Exchange-traded or centrally cleared | (15) | (188) | 0 | (203) |
| Over the counter | 0 | (2036) | (65) | (2101) |
|  | $(15) | $(2224) | $(65) | $(2304) |
| Total Financial Derivative Instruments | $262 | $17631 | $(65) | $17828 |
| Totals | $46670 | $324060 | $(65) | $370665 |
| **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended December 31, 2025.** |

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------

<br> Schedule of Investments PIMCO RAE PLUS Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 164.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.1%**  |  |  |
| **Panama Government International Bonds**<br>4.546% - 9.606% (EUR006M + 2.450%) due 04/01/2027 «~ | 1000 | $1187 |
| Total Loan Participations and Assignments (Cost $1,082) |  | 1187 |
| **CORPORATE BONDS & NOTES 3.5%**  |  |  |
| **BANKING & FINANCE 2.4%**  |  |  |
| **123 Lights Re Ltd.** <br>14.580% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | $250 | 258 |
| **Armor RE II Ltd.** <br>12.110% (BRMMUSDF + 8.500%) due 01/07/2032 ~ | 250 | 264 |
| **Athene Global Funding** <br>5.033% due 07/17/2030 | 4700 | 4738 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 83 | 81 |
| **Bank of Nova Scotia** <br>5.450% due 08/01/2029 | 2000 | 2085 |
| **Barclays PLC** <br>7.437% due 11/02/2033 •  | 1500 | 1716 |
| **Cape Lookout Re Ltd.** <br>10.480% (FHMMUSTF + 6.900%) due 03/13/2032 ~ | 550 | 583 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 | 700 | 221 |
| **East Lane Re VII Ltd.** <br>12.042% (T-BILL 3MO + 8.500%) due 03/31/2032 ~ | $300 | 300 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 200 | 208 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.125% due 08/17/2027  | 400 | 397 |
| 5.800% due 03/05/2027  | 400 | 405 |
| 5.800% due 03/08/2029  | 600 | 613 |
| 7.350% due 11/04/2027  | 300 | 313 |
| **GA Global Funding Trust** <br>5.900% due 01/13/2035 | 350 | 359 |
| **GLP Capital LP/GLP Financing II, Inc.** <br>5.625% due 09/15/2034 | 200 | 203 |
| **Golden Bear Re Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 01/08/2029 ~ | 400 | 400 |
| **Handshake Re Ltd.** <br>4.160% (JMMMUSTF + 4.500%) due 01/08/2030 ~ | 250 | 250 |
| **HPS Corporate Lending Fund** <br>5.950% due 04/14/2032 | 800 | 812 |
| **HSBC Holdings PLC** <br>2.848% due 06/04/2031 •  | 300 | 281 |
| **Integrity RE III Ltd.** <br>13.292% (T-BILL 1MO + 9.750%) due 06/06/2027 ~ | 250 | 261 |
| **National Health Investors, Inc.** <br>5.350% due 02/01/2033 | 100 | 100 |
| **Nature Coast Re Ltd.** <br>13.371% (GSMMUSTI + 9.750%) due 04/10/2033 ~ | 250 | 260 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 250 | 306 |
| **Palm RE Ltd.** <br>11.380% (BNMMDTSC + 7.750%) due 06/07/2032 ~ | $250 | 261 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (d) | 1700 | 1313 |
| **Polestar Re Ltd.**  |  |  |
| 12.542% (T-BILL 3MO + 9.000%) due 01/08/2029 ~  | 250 | 250 |
| 14.110% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 250 | 263 |
| **Quercus Re DAC** <br>10.050% (EUR003M + 8.000%) due 01/06/2031 ~ | 250 | 301 |
| **SBA Tower Trust** <br>1.840% due 04/15/2027 | $700 | 678 |
| **Stellantis Finance U.S., Inc.** <br>2.691% due 09/15/2031 | 3800 | 3333 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.558% due 07/09/2034 | 300 | 316 |
| **UBS Group AG** <br>4.194% due 04/01/2031 •  | 250 | 248 |
| **Ursa Re Ltd.** <br>11.121% (GSMMUSTI + 7.500%) due 02/22/2028 ~ | 500 | 510 |

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<br> Schedule of Investments PIMCO RAE PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Veraison Re Ltd.** <br>8.621% (GSMMUSTI + 5.000%) due 03/08/2033 ~ | 250 | 258 |
| **VICI Properties LP** <br>4.750% due 02/15/2028 | 1800 | 1818 |
| **Wells Fargo & Co.** <br>3.900% due 07/22/2032 •  | 1100 | 1325 |
| **Winston RE Ltd.** <br>10.130% (BNMMDTSC + 6.500%) due 02/21/2028 ~ | $250 | 258 |
|  |  | 26546 |
| **INDUSTRIALS 0.8%**  |  |  |
| **Bayer U.S. Finance LLC**  |  |  |
| 6.375% due 11/21/2030  | 200 | 214 |
| 6.500% due 11/21/2033  | 200 | 217 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 5060 | 5351 |
| **Mars, Inc.** <br>5.200% due 03/01/2035 | 300 | 308 |
| **Petroleos del Peru SA** <br>5.625% due 06/19/2047 | 1500 | 955 |
| **Petroleos Mexicanos** <br>6.350% due 02/12/2048 | 700 | 550 |
| **United Airlines Pass-Through Trust** <br>5.450% due 08/15/2038 | 386 | 398 |
| **Viper Energy Partners LLC** <br>5.700% due 08/01/2035 | 800 | 817 |
|  |  | 8810 |
| **UTILITIES 0.3%**  |  |  |
| **Pacific Gas & Electric Co.** <br>3.000% due 06/15/2028 | 800 | 776 |
| **Southern California Edison Co.**  |  |  |
| 4.650% due 10/01/2043  | 800 | 682 |
| 5.150% due 06/01/2029  | 1500 | 1533 |
|  |  | 2991 |
| Total Corporate Bonds & Notes (Cost $37,801) |  | 38347 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **CALIFORNIA 0.1%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.000% due 06/01/2046 | 500 | 454 |
| Total Municipal Bonds & Notes (Cost $500) |  | 454 |
| **U.S. GOVERNMENT AGENCIES 98.3%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 09/01/2032 | 745 | 730 |
| 4.000% due 11/01/2047 - 03/01/2049 | 1048 | 1016 |
| 4.500% due 04/01/2041 | 72 | 72 |
| 5.000% due 03/01/2038 - 10/01/2053 | 2142 | 2162 |
| 5.500% due 06/01/2027 - 09/01/2055 | 25464 | 26153 |
| 5.500% due 11/01/2054 (f) | 47016 | 47710 |
| 6.000% due 02/01/2034 - 10/01/2055 | 1274 | 1322 |
| 6.500% due 05/01/2053 - 03/01/2055 | 33432 | 35003 |
| 6.500% due 01/01/2055 (f) | 1090 | 1158 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.903% due 07/25/2054 ~ | 3032 | 2951 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.372% due 07/15/2036 •(a) | 65 | 7 |
| 2.602% due 04/15/2036 •(a) | 5 | 0 |
| 4.428% due 02/15/2037 •  | 1 | 1 |
| 4.500% due 01/15/2041 | 68 | 69 |
| 4.648% due 07/15/2041 •  | 137 | 136 |
| 4.668% due 06/15/2041 •  | 126 | 126 |
| 4.768% due 08/15/2037 •  | 37 | 37 |
| 4.798% due 08/15/2037 •  | 51 | 51 |
| 4.814% due 11/25/2054 •  | 3731 | 3747 |
| 4.824% due 09/25/2055 •  | 5797 | 5852 |
| 4.953% due 01/15/2038 •  | 24 | 24 |
| 4.974% due 11/25/2054 - 09/25/2055 •  | 14212 | 14299 |
| 5.024% due 03/25/2055 •  | 6226 | 6260 |
| 5.074% due 02/25/2055 •  | 754 | 757 |
| 5.324% due 12/25/2054 •  | 1506 | 1519 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.106% due 08/25/2031 •  | 11 | 11 |
| 5.229% due 02/25/2045 •  | 7 | 7 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 01/01/2027 - 12/01/2032 | 1261 | 1228 |
| 3.500% due 06/01/2045 - 02/01/2049 | 9131 | 8587 |
| 4.000% due 02/01/2026 - 11/01/2028 | 36 | 34 |

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<br> Schedule of Investments PIMCO RAE PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.150% due 11/01/2030 | 23360 | 23368 |
| 4.202% due 10/01/2029 ~ | 5500 | 5544 |
| 4.300% due 12/01/2029 - 12/01/2032 | 33808 | 33763 |
| 4.500% due 04/01/2030 - 07/01/2052 | 3105 | 3068 |
| 4.560% due 08/01/2030 | 5275 | 5376 |
| 4.705% due 09/01/2031 ~(f) | 10000 | 10213 |
| 4.720% due 10/01/2028 - 08/01/2030 | 3583 | 3662 |
| 4.770% due 10/01/2028 | 1500 | 1533 |
| 4.860% due 08/01/2030 | 1700 | 1747 |
| 4.930% due 06/01/2029 | 2400 | 2470 |
| 5.276% due 06/01/2043 •  | 19 | 19 |
| 5.277% due 07/01/2044 •  | 4 | 4 |
| 5.300% due 11/01/2030 | 4900 | 5131 |
| 5.500% due 12/01/2028 - 11/01/2054 | 6249 | 6444 |
| 5.802% due 11/01/2035 •  | 10 | 10 |
| 5.864% due 11/01/2034 •  | 1 | 1 |
| 5.943% due 07/01/2035 •  | 3 | 3 |
| 6.000% due 05/01/2035 - 05/01/2041 | 191 | 201 |
| 6.040% due 10/01/2035 •  | 3 | 3 |
| 6.149% due 12/01/2033 •  | 28 | 28 |
| 6.187% due 01/01/2035 •  | 5 | 5 |
| 6.251% due 07/01/2036 •  | 16 | 17 |
| 6.275% due 09/01/2035 •  | 10 | 11 |
| 6.290% due 07/01/2034 •  | 47 | 48 |
| 6.301% due 09/01/2036 •  | 6 | 7 |
| 6.305% due 07/01/2035 •  | 8 | 8 |
| 6.311% due 05/01/2036 •  | 12 | 12 |
| 6.405% due 06/01/2035 •  | 18 | 19 |
| 6.425% due 03/01/2035 •  | 1 | 1 |
| 6.445% due 08/01/2036 •  | 9 | 9 |
| 6.455% due 08/01/2035 •  | 26 | 26 |
| 6.472% due 08/01/2035 •  | 35 | 37 |
| 6.487% due 09/01/2035 •  | 7 | 7 |
| 6.500% due 09/01/2034 - 03/01/2055 | 46035 | 48245 |
| 6.604% due 12/01/2033 •  | 7 | 7 |
| 6.810% due 06/01/2035 •  | 21 | 22 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 1.861% due 03/25/2041 •(a) | 112 | 12 |
| 2.711% due 03/25/2036 •(a) | 29 | 2 |
| 4.246% due 12/25/2036 •  | 16 | 16 |
| 4.339% due 03/25/2037 - 07/25/2037 •  | 8 | 8 |
| 4.369% due 07/25/2037 •  | 11 | 11 |
| 4.389% due 09/25/2035 •  | 21 | 20 |
| 4.709% due 06/25/2037 •  | 13 | 13 |
| 4.739% due 01/25/2040 •  | 4 | 4 |
| 4.809% due 12/25/2039 •  | 7 | 7 |
| 4.824% due 11/25/2054 •  | 2733 | 2737 |
| 4.889% due 07/25/2039 •  | 3 | 3 |
| 4.974% due 07/25/2055 •  | 456 | 458 |
| 5.024% due 08/25/2055 - 09/25/2055 •  | 19324 | 19417 |
| 5.274% due 09/25/2055 •  | 6803 | 6869 |
| 6.309% due 05/25/2035 ~ | 3 | 3 |
| 10.605% due 12/25/2036 •  | 1 | 2 |
| **Federal National Mortgage Association Trust**<br>4.536% due 09/25/2042 •  | 94 | 93 |
| **Government National Mortgage Association**  |  |  |
| 3.500% due 01/15/2042 - 07/15/2045 | 2502 | 2334 |
| 4.750% due 11/20/2044 •  | 25 | 25 |
| 5.000% due 06/15/2034 - 06/15/2041 | 694 | 712 |
| 6.000% due 05/15/2037 - 07/15/2037 | 36 | 38 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.768% due 09/20/2055 •  | 8250 | 8260 |
| 4.977% due 04/20/2068 •  | 76 | 77 |
| 5.068% due 07/20/2055 •  | 1734 | 1745 |
| 5.088% due 09/20/2055 •  | 8411 | 8448 |
| 5.168% due 04/20/2055 •  | 3195 | 3219 |
| **Government National Mortgage Association, TBA**  |  |  |
| 3.500% due 02/01/2056 | 36100 | 32854 |
| 4.000% due 01/01/2056 - 02/01/2056 | 36570 | 34546 |
| 4.500% due 02/01/2056 | 16170 | 15741 |
| 5.000% due 01/01/2056 | 32540 | 32471 |
| 5.500% due 02/01/2056 | 15470 | 15610 |
| 6.000% due 02/01/2056 | 15270 | 15552 |
| **U.S. Small Business Administration**  |  |  |
| 5.290% due 12/01/2027 | 10 | 10 |
| 5.600% due 09/01/2028 | 96 | 98 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 02/01/2056 | 1950 | 1724 |
| 4.000% due 02/01/2056 | 46300 | 43894 |
| 4.500% due 01/01/2056 - 02/01/2056 | 28110 | 27438 |
| 5.000% due 02/01/2056 | 85200 | 84890 |
| 6.000% due 02/01/2056 - 03/01/2056 | 229550 | 235602 |

---

------

<br> Schedule of Investments PIMCO RAE PLUS Fund (Cont.) December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 02/01/2056 | 177000 | 183994 |
| Total U.S. Government Agencies (Cost $1,087,955) |  | 1091055 |
| **U.S. TREASURY OBLIGATIONS 2.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 05/15/2044 (h)(j) | 13000 | 12768 |
| 4.875% due 08/15/2045 | 346 | 349 |
| **U.S. Treasury Notes**  |  |  |
| 3.875% due 07/31/2030 (h)(j) | 18700 | 18841 |
| 4.250% due 08/15/2035 (j) | 549 | 553 |
| Total U.S. Treasury Obligations (Cost $32,656) |  | 32511 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.7%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>5.018% due 01/25/2036 ~ | 91 | 71 |
| **American Home Mortgage Investment Trust** <br>6.500% due 03/25/2047 þ | 27 | 16 |
| **Angel Oak Mortgage Trust** <br>4.800% due 11/26/2068 þ | 1520 | 1518 |
| **APS Resecuritization Trust** <br>4.352% due 08/28/2054 ~ | 618 | 615 |
| **Avon Finance** <br>4.642% due 12/28/2049 •  | 2509 | 3387 |
| **Banc of America Funding Trust**  |  |  |
| 4.228% due 12/20/2046 •  | $62 | 56 |
| 4.268% due 04/20/2047 •  | 3 | 2 |
| 4.408% due 06/20/2047 •  | 165 | 138 |
| 6.412% due 10/25/2036 þ  | 1466 | 1334 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.346% due 01/25/2036 •  | 4 | 4 |
| 5.406% due 05/25/2035 ~  | 1 | 1 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.829% due 07/25/2034 ~  | 5 | 4 |
| 5.738% due 01/25/2033 ~  | 24 | 24 |
| 6.290% due 04/25/2033 ~  | 1 | 1 |
| 6.375% due 08/25/2033 ~  | 1 | 1 |
| **Bear Stearns Structured Products, Inc. Trust** <br>5.000% due 01/26/2036 ~ | 56 | 40 |
| **Bella Vista Mortgage Trust** <br>4.448% due 01/22/2045 •  | 451 | 434 |
| **BINOM Securitization Trust** <br>3.000% due 02/25/2061 ~ | 789 | 743 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 09/25/2063 ~  | 1937 | 1751 |
| 3.250% due 08/25/2064 ~  | 2586 | 2311 |
| 3.375% due 12/25/2064 ~  | 4906 | 4399 |
| 5.124% due 05/25/2055 •  | 1347 | 1351 |
| **Chase Mortgage Finance Trust** <br>6.868% due 02/25/2037 ~ | 18 | 18 |
| **ChaseFlex Trust** <br>4.446% due 07/25/2037 •  | 340 | 303 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates**  |  |  |
| 4.096% due 01/25/2036 •  | 86 | 83 |
| 4.319% due 06/25/2036 •  | 135 | 132 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.506% due 02/25/2035 •  | 1 | 1 |
| 4.646% due 09/25/2034 •  | 25 | 25 |
| 6.224% due 02/20/2036 •  | 4 | 4 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 6.480% due 10/25/2035 •  | 6 | 6 |
| 6.490% due 05/25/2035 •  | 2 | 2 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.126% due 05/25/2036 ~  | 104 | 92 |
| 4.206% due 05/25/2047 •  | 93 | 86 |
| 4.226% due 09/25/2046 •  | 288 | 284 |
| 4.246% due 08/25/2037 •  | 10 | 6 |
| 4.346% due 05/25/2035 •  | 2416 | 1790 |
| 4.406% due 02/25/2037 •  | 524 | 440 |
| 4.486% due 11/25/2035 •  | 196 | 182 |
| 4.488% due 12/20/2035 •  | 37 | 36 |
| 5.029% due 12/25/2035 •  | 5 | 5 |
| 5.500% due 11/25/2035  | 4 | 2 |
| 5.589% due 08/25/2035 •  | 1031 | 962 |
| 6.000% due 06/25/2047  | 3259 | 1630 |
| 6.250% due 08/25/2036  | 125 | 65 |
| **Cross Mortgage Trust** <br>5.129% due 09/25/2069 ~ | 3397 | 3404 |
| **CSMC Trust** <br>4.215% due 07/27/2061 ~ | 2386 | 2378 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.506% due 02/25/2036 •  | 865 | 868 |
| 5.346% due 10/25/2047 •  | 176 | 138 |
| **Eurohome U.K. Mortgages PLC** <br>4.050% due 06/15/2044 •  | 2 | 3 |

---

<PARSING HTML EXCEEDED 15 MINUTES - OUTPUT HAS BEEN TRUNCATED>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Funds

- **b. Investment Company Act file number:** 811-05028

- **c. CIK number of Registrant:** 0000810893

- **d. LEI of Registrant:** 5493003B5Y5GR0Y25Y76

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 877-4626

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

- **a. Name of Series:** PIMCO StocksPLUS Fund

- **b. EDGAR series identifier (if any):** S000009704

- **c. LEI of Series:** C0FSZ71JI1IAVNM4U731

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4787840103.84

**Total Liabilities:** $2182920527.46

**Net Assets:** $2604919576.38

**Cash Not Reported:** $38901742.21

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 151533.966000 | **1-Year:** 299272.837800 | **5-Year:** 117099.525100 | **10-Year:** 2280.002300 | **30-Year:** 0.000000

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

- **3-Month:** 3549.870700 | **1-Year:** 7541.147800 | **5-Year:** 15980.787300 | **10-Year:** 911.341800 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026632 | 2.40%                | 0.08%                | 0.13%                |
| Class ID C000026634 | 2.37%                | 0.09%                | 0.03%                |
| Class ID C000064152 | 2.46%                | 0.07%                | 0.14%                |
| Class ID C000200449 | 2.46%                | 0.07%                | 0.15%                |
| Class ID C000026636 | 2.33%                | 0.08%                | 0.13%                |
| Class ID C000026630 | 2.44%                | 0.14%                | 0.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1781945.77              | $6705517.86                                |
| Month 2  | $358257.00               | $-4407804.05                               |
| Month 3  | $1963608.90              | $-640670.85                                |

**Designated Index Information**

- **Index Name:** S&P 500 Index

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                                                                    | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-177527.12   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BMO 2024-5C7 MORTGAGE TRUST                                             | BMO MORTGAGE TRUST BMO 2024 5C7 A2                         | CUSIP: 09660WAT8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2600000 | PA      | $2657915.00   | 0.10%             | 2057-11-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 080060 G2 04/27 FLOATING VAR                  | CUSIP: 36225CB62<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       3638 | PA      | $3645.08      | 0.00%             | 2027-04-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5593                                                 | FREDDIE MAC FHR 5593 FB                                    | CUSIP: 3137HNV47<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2450235 | PA      | $2461312.95   | 0.09%             | 2055-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | GENERAL ELECTRIC COMPANY SNR S* ICE                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $9502.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                              | BMO 2022 C1 MORTGAGE TRUST BMO 2022 C1 111A 144A           | CUSIP: 05609MCJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5737000 | PA      | $5372838.19   | 0.21%             | 2055-02-17      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL C91015 FG 12/26 FIXED 5                  | CUSIP: 3128P7DU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        501 | PA      | $501.44       | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSON NATIONAL LIFE GLOBAL FUNDING                                    | JACKSON NATL LIFE GLOBAL SECURED 144A 09/28 VAR            | CUSIP: 46849CJS1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   13300000 | PA      | $13346274.96  | 0.51%             | 2028-09-12      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260219                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $902.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2018-B                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2018 B A2B 144A         | CUSIP: 78449LAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1471896 | PA      | $1471012.15   | 0.06%             | 2037-01-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD AUD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-56808.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 065579 FN 07/28 FLOATING VAR                     | CUSIP: 31362M2L1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        511 | PA      | $507.51       | 0.00%             | 2028-07-01      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CAD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $-310212.54   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD INR BOUGHT USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-1158.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                   | ATHENE GLOBAL FUNDING SECURED 144A 07/30 5.033             | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1108887.32   | 0.04%             | 2030-07-17      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                                 | FREDDIE MAC FHR 5500 QF                                    | CUSIP: 3137HJBW6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     550643 | PA      | $553659.71    | 0.02%             | 2054-09-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2024-4                    | BRIDGECREST LENDING AUTO SECUR BLAST 2024 4 A2             | CUSIP: 10806EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     235226 | PA      | $235273.02    | 0.01%             | 2027-09-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD AUD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-173815.31   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CAD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $-6583.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5510                                                 | FREDDIE MAC FHR 5510 FM                                    | CUSIP: 3137HJMT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   13718809 | PA      | $13766983.70  | 0.53%             | 2055-02-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                          | MORGAN STANLEY SR UNSECURED 04/28 VAR                      | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    7100000 | PA      | $7130923.27   | 0.27%             | 2028-04-13      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-2113.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                             | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                   | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |       1357 | PA      | $13223.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE 2007-63                                                      | FANNIE MAE FNR 2007 63 FC                                  | CUSIP: 31396WTU0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      14226 | PA      | $14085.24     | 0.00%             | 2037-07-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H07                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H07 FK             | CUSIP: 38376RRL2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     248171 | PA      | $249781.27    | 0.01%             | 2066-03-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-125613.74   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SECUR CORP 2004-23XS                                   | STRUCTURED ASSET SECURITIES CO SASC 2004 23XS M1           | CUSIP: 86359BU74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1021974 | PA      | $1067320.58   | 0.04%             | 2035-01-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2021-D                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2021 D A1A 144A         | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3959718 | PA      | $3751961.64   | 0.14%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                        | BERRY GLOBAL INC SR SECURED 144A 07/26 4.875               | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    1700000 | PA      | $1700367.49   | 0.07%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE                    | CUSIP: 01F050627<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -17200000 | PA      | $-17137515.50 | -0.66%            | 2056-02-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAIRN CLO X BV 18-10A                                                   | CAIRN CLO BV CRNCL 2018 10A AR 144A                        | CUSIP: ACI1YFN80<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     296772 | PA      | $349024.48    | 0.01%             | 2031-10-15      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD INR BOUGHT USD 20260112                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-1070.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD INR BOUGHT USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-480.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260227                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $10705.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CAN 5YR BOND FUT  MAR26 XMOD 20260320                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |        791 | NC      | $247808.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | SOLD GBP BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-240391.76   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | US 2YR NOTE (CBT) MAR26 XCBT 20260331                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         79 | NC      | $-2778.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 544860 FN 09/34 FLOATING VAR                     | CUSIP: 31385HJD5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       6693 | PA      | $6654.05      | 0.00%             | 2034-09-01      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4638                                                 | FREDDIE MAC FHR 4638 FA                                    | CUSIP: 3137BTH38<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     166860 | PA      | $165253.83    | 0.01%             | 2040-07-15      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| POST CLO 2021-1 LTD                                                     | POST CLO LTD POST 2021 1A AR 144A                          | CUSIP: 73742FAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1000000 | PA      | $1000087.24   | 0.04%             | 2034-10-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD INR BOUGHT USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-606.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2025-3                                          | CARMAX AUTO OWNER TRUST CARMX 2025 3 A3                    | CUSIP: 14290FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   10600000 | PA      | $10698864.08  | 0.41%             | 2030-07-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA3305 FN 03/48 FIXED 3.5                        | CUSIP: 31418CU77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5826542 | PA      | $5473410.59   | 0.21%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-19716.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD NZD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $1527.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-28729.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+96 GST                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-1446789.39  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CHASE FUNDING MORTGAGE LOAN AS 2002-4                                   | CHASE FUNDING MORTGAGE LOAN AS CFAB 2002 4 2A1             | CUSIP: 161546DQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      32064 | PA      | $32166.34     | 0.00%             | 2032-10-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE7                                   | MORGAN STANLEY CAPITAL INC MSAC 2006 HE7 A2FP              | CUSIP: 61750MAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      25609 | PA      | $11021.33     | 0.00%             | 2036-09-25      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-N3                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N3 A3 144A       | CUSIP: 14687WAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3800000 | PA      | $3807935.16   | 0.15%             | 2029-01-10      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2003-25                                                      | FANNIE MAE FNR 2003 25 KP                                  | CUSIP: 31393APU5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      53664 | PA      | $53805.26     | 0.00%             | 2033-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL C91175 FG 05/28 FIXED 5                  | CUSIP: 3128P7JU8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        972 | PA      | $979.02       | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2023-2A DAC                         | PALMER SQUARE EUROPEAN LOAN FU PSTET 2023 2A BR 144A       | CUSIP: ACI2QL8W8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1000000 | PA      | $1178218.49   | 0.05%             | 2033-01-15      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2010-109                                              | FANNIE MAE FNR 2010 109 N                                  | CUSIP: 31398NRZ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     353512 | PA      | $341285.40    | 0.01%             | 2040-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST 2025-1A                    | ARIVO ACCEPTANCE AUTO LOAN REC ARIVO 2025 1A A2 144A       | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2000000 | PA      | $1999293.00   | 0.08%             | 2029-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CHF BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-16421.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 534064 FN 03/30 FIXED 8                          | CUSIP: 31384UJH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1054 | PA      | $1065.66      | 0.00%             | 2030-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                         | AVOLON HOLDINGS FNDG LTD COMPANY GUAR 144A 02/26 2.125     | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     161000 | PA      | $160485.84    | 0.01%             | 2026-02-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-14                                                      | FANNIE MAE FNR 2007 14 FB                                  | CUSIP: 31396PZU8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       5117 | PA      | $5063.76      | 0.00%             | 2037-03-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| VENTURE 36 CLO LTD                                                      | VENTURE CDO LTD VENTR 2019 36A A1AR 144A                   | CUSIP: 92332LAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     431573 | PA      | $431864.87    | 0.02%             | 2032-04-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                    | GLENCORE FUNDING LLC COMPANY GUAR 144A 03/27 4             | CUSIP: 378272AN8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    3668000 | PA      | $3666032.23   | 0.14%             | 2027-03-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUTO ABS SPANISH LOANS 2022-1 FONDO TITULIZACION 22-1                   | AUTO ABS COMP 2022 1 A REGS                                | CUSIP: ACI25X1H5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | ES        |    1419945 | PA      | $1670087.87   | 0.06%             | 2032-02-28      | Floating      | 2.49%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                                    | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581           | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    5680000 | PA      | $6006081.08   | 0.23%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE                    | CUSIP: 01F060626<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  136835000 | PA      | $140433456.73 | 5.39%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.2* 07/21/21-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $177363.08    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA3414 FN 07/48 FIXED 3.5                        | CUSIP: 31418CYL2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     524412 | PA      | $493114.22    | 0.02%             | 2048-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 064730 FN 11/27 FLOATING VAR                     | CUSIP: 31362L4P2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        564 | PA      | $561.22       | 0.00%             | 2027-11-01      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $2483.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                            | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     177000 | NS      | $61259700.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-188.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 5 JUMBOS                                 | CUSIP: 21H050623<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   43664000 | PA      | $43516450.61  | 1.67%             | 2056-02-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | AMZN US TRS EQUITY SOFR+87 JPM                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $482121.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-2A                                                 | REACH FINANCIAL LLC REACH 2025 2A B 144A                   | CUSIP: 75525QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3400000 | PA      | $3435416.44   | 0.13%             | 2032-08-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 080092 G2 07/27 FLOATING VAR                  | CUSIP: 36225CC61<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       8852 | PA      | $8861.09      | 0.00%             | 2027-07-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-76706.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 09/17/25-5Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-282681.63   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD GBP BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-4998.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-2A                          | GREENSKY HOME IMPROVEMENT ISSU GSKY 2025 2A A2 144A        | CUSIP: 39571VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     825948 | PA      | $829200.07    | 0.03%             | 2060-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | NVDA US TRS EQUITY SOFR+106 GST                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-72178.58    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260105                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $344.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | 317UBAJA6 PIMCO SWAPTION 4.25 PUT USD 20261209             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |  674000000 | NC      | $176857.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CNH BOUGHT USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-19097.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-24772.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $15740.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-12294.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RT MTGE LN 2005-18                                | STRUCTURED ADJUSTABLE RATE MOR SARM 2005 18 6A1            | CUSIP: 863579XK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     176521 | PA      | $156100.14    | 0.01%             | 2035-09-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-89190.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST 2024-1PL                                                 | ACHV ABS TRUST ACHV 2024 1PL A 144A                        | CUSIP: 00092BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     232680 | PA      | $233879.79    | 0.01%             | 2031-04-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-11                                   | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 11 A1A            | CUSIP: 17307GW53<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       6606 | PA      | $6708.39      | 0.00%             | 2035-05-25      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-F                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 F A1A 144A         | CUSIP: 83207VAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1681266 | PA      | $1703725.25   | 0.07%             | 2054-03-16      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS MXN TIIE1/7.01100 10/20/25-3Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $161201.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT TRUST 2024-2                                  | GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 2 A2 144A         | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     207198 | PA      | $207763.91    | 0.01%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2002 AR2                                              | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR2 A             | CUSIP: 929227LE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      54733 | PA      | $53499.95     | 0.00%             | 2034-02-27      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5571                                                 | FREDDIE MAC FHR 5571 FB                                    | CUSIP: 3137HMEF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5256090 | PA      | $5280846.65   | 0.20%             | 2055-08-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA INC DISC COML PAPER 02/26 ZCP                          | CUSIP: 40412DBC2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     800000 | PA      | $796097.20    | 0.03%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR13                                             | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR13 A1A1         | CUSIP: 92922F4M7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      25718 | PA      | $25034.46     | 0.00%             | 2045-10-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                       | SOUTH AFRICA TREASURY BILL SOUTH AFRICAN T BILLS 0  19/08  | CUSIP: ACI2ZQHY3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    6200000 | PA      | $360091.54    | 0.01%             | 2026-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5569                                                 | FREDDIE MAC FHR 5569 FB                                    | CUSIP: 3137HMMD9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   37563883 | PA      | $37718428.48  | 1.45%             | 2055-08-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | REPO BANK AMERICA REPO                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |    4600000 | PA      | $4600000.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260302                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $18570.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2024-2 DESIGNATED ACTIVITY CO 24-2A | PALMER SQUARE EUROPEAN LOAN FU PSTET 2024 2A A 144A        | CUSIP: ACI2Q3MV4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1074443 | PA      | $1261416.10   | 0.05%             | 2034-05-15      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.00000 03/19/25-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $2001108.25   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-98                        | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 98 FX              | CUSIP: 38381NPX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   24544156 | PA      | $24676964.19  | 0.95%             | 2055-06-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGES TRUST 2006-OA2                          | MASTR ADJUSTABLE RATE MORTGAGE MARM 2006 OA2 1A1           | CUSIP: 55275NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3000326 | PA      | $2316869.22   | 0.09%             | 2046-12-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SERVICES US CORP                                   | STELLANTIS FINANCIAL SER SR UNSECURED 144A 09/28 VAR       | CUSIP: 85855FAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    6100000 | PA      | $6143262.85   | 0.24%             | 2028-09-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-87                                               | FANNIE MAE FNR 2025 87 FC                                  | CUSIP: 3136BXQD9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   15265849 | PA      | $15327416.42  | 0.59%             | 2055-10-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5499                                                 | FREDDIE MAC FHR 5499 FH                                    | CUSIP: 3137HJWY9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2143233 | PA      | $2151325.31   | 0.08%             | 2055-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5580                                                 | FREDDIE MAC FHR 5580 FA                                    | CUSIP: 3137HMXM7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   21352248 | PA      | $21553642.45  | 0.83%             | 2055-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 08/26 2.7            | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    4390000 | PA      | $4348509.14   | 0.17%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST 2005-5N                                                 | LEHMAN XS TRUST LXS 2005 5N 1A2                            | CUSIP: 86359DUM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1825523 | PA      | $1826524.52   | 0.07%             | 2035-11-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 6 JUMBOS                                 | CUSIP: 21H060622<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   39400000 | PA      | $40127976.46  | 1.54%             | 2056-02-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $33092.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5601                                                 | FREDDIE MAC FHR 5601 F                                     | CUSIP: 3137HNQX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5430271 | PA      | $5454260.95   | 0.21%             | 2055-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| ROMARK CLO V LTD                                                        | ROMARK CLO LTD RMRK 2021 5A AR 144A                        | CUSIP: 77588PAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    8900000 | PA      | $8906545.24   | 0.34%             | 2035-01-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA INC DISC COML PAPER 01/26 ZCP                          | CUSIP: 40412DAS8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     300000 | PA      | $299121.54    | 0.01%             | 2026-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD SGD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $-422116.36   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2023-P2                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P2 A3 144A       | CUSIP: 14686TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1447779 | PA      | $1452440.29   | 0.06%             | 2028-04-10      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| SPDR PORTFOLIO LARGE CAP ETF (AKA SPDR RUSSELL 1000 ETF)                | STATE STREET SPDR PORTFOLIO S+ STATE STREET SPDR PORTFOLIO | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Long             | EC               | CORP              | US        |    1967554 | NS      | $157837181.88 | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | BOUGHT CHF SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $18106.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-6                                                | FANNIE MAE FNR 2025 6 FA                                   | CUSIP: 3136BUTN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3183333 | PA      | $3198774.30   | 0.12%             | 2055-02-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                                   | CROWN CASTLE INC SR UNSECURED 03/27 2.9                    | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    8318000 | PA      | $8202888.45   | 0.31%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE                    | CUSIP: 01F060634<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  150000000 | PA      | $153956385.00 | 5.91%             | 2055-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | US LONG BOND(CBT) MAR26 XCBT 20260320                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         65 | NC      | $-11171.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RAMP TRUST 2006-RZ5                                                     | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2006 RZ5 M1            | CUSIP: 749239AF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4618722 | PA      | $4154055.18   | 0.16%             | 2046-08-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                                   | CROWN CASTLE                                               | CUSIP: 22823QA68<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    3200000 | PA      | $3197764.48   | 0.12%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-33496.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                             | MEX BONOS DESARR FIX RT BONDS 03/28 8.5                    | CUSIP: ACI2STC46<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  252000000 | PA      | $14162379.01  | 0.54%             | 2028-03-02      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | META US TRS EQUITY SOFR+87 JPM                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-759113.76   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260105                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-1253.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | US 10YR NOTE (CBT)MAR26 XCBT 20260320                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -2183 | NC      | $-119383.90   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                             | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 04/28 5.5        | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    6100000 | PA      | $6212505.59   | 0.24%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 317UA27A8 PIMCO SWAPTION 2.5 CALL USD 20260213             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 1114500000 | NC      | $16940.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | US ULTRA BOND CBT MAR26 XCBT 20260320                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -471 | NC      | $629644.46    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $5963.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT CORPORATION                                                         | EQT CORP SR UNSECURED 144A 05/26 3.125                     | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     865000 | PA      | $860217.35    | 0.03%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2023-1                                      | ALLY AUTO RECEIVABLES TRUST ALLYA 2023 1 A3                | CUSIP: 02007WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1743378 | PA      | $1756442.47   | 0.07%             | 2028-05-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2016-C                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2016 C B 144A           | CUSIP: 78449KAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3746122 | PA      | $3720312.43   | 0.14%             | 2040-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO 2022-1 LTD                                           | ROCKFORD TOWER CLO LTD ROCKT 2022 1A A1R 144A              | CUSIP: 77340JAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     850000 | PA      | $850790.43    | 0.03%             | 2035-07-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                            | BARCLAYS PLC SR UNSECURED 11/29 VAR                        | CUSIP: 06738EDF9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   14850000 | PA      | $14932215.09  | 0.57%             | 2029-11-11      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL BZ0937 FN 05/29 FIXED 4.73                       | CUSIP: 3140NVBF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2700000 | PA      | $2756078.41   | 0.11%             | 2029-05-01      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+53 BRC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-27781.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD AUD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-237751.68   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-4                                                | FANNIE MAE FNR 2025 4 FB                                   | CUSIP: 3136BUU65<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3197274 | PA      | $3209343.05   | 0.12%             | 2053-12-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                           | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 A1 144A      | CUSIP: 36261WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1588367 | PA      | $1495114.95   | 0.06%             | 2060-12-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDX ITRAXX XOV44 5Y 35-100% SP JPM                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $6801915.96   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST 2025-2A                                             | AFFIRM MASTER TRUST AFRMT 2025 2A A 144A                   | CUSIP: 00833BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    8600000 | PA      | $8662611.44   | 0.33%             | 2033-07-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2023-AA                                       | NELNET STUDENT LOAN TRUST NSLT 2023 AA AFL 144A            | CUSIP: 64032PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     510253 | PA      | $521494.83    | 0.02%             | 2041-02-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-96195.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL G04614 FG 02/34 FIXED 6                  | CUSIP: 3128M6N79<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      78533 | PA      | $81580.83     | 0.00%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                  | CS AT1 CLAIMS USH3698DBW32 CREDIT SUISSE GROUP AG          | CUSIP: 952NPG907<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |     400000 | PA      | $118000.00    | 0.00%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/0.50 9/16/23-3Y* CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1229541.41   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-13930.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCAN-2A                                                                | ARCANO EURO CLO ARCAN 2A B 144A                            | CUSIP: ACI2YDL36<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     500000 | PA      | $590405.14    | 0.02%             | 2039-07-25      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST 2020-RPL1                                   | LEGACY MORTGAGE ASSET TRUST LMAT 2020 RPL1 A1 144A         | CUSIP: 52474HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1333579 | PA      | $1287012.75   | 0.05%             | 2059-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-288.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260224                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $10180.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2020-2 LTD                                      | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2020 2A ARR 144A        | CUSIP: 05683EAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    5500000 | PA      | $5502760.78   | 0.21%             | 2034-07-19      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                  | CS AT1 CLAIMS US225401AJ72 CREDIT SUISSE GROUP AG          | CUSIP: 952NPG006<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |     400000 | PA      | $118000.00    | 0.00%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP GLOBAL FUNDING                                  | SAMMONS FINANCIAL GLOBAL SECURED 144A 06/30 4.95           | CUSIP: 79587J2C6<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |     200000 | PA      | $203018.71    | 0.01%             | 2030-06-12      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2015-H32                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2015 H32 FA             | CUSIP: 38376RMP8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     556222 | PA      | $558104.14    | 0.02%             | 2065-12-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TSY INFL IX N/B 04/30 1.625                                | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   46948815 | PA      | $47197318.36  | 1.81%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE ALT-A SECURITIES MORTGAGE LOAN TRUST SERIES 2006-AR2           | DEUTSCHE ALT A SECURITIES INC DBALT 2006 AR2 1A1           | CUSIP: 251508AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1913762 | PA      | $1835269.79   | 0.07%             | 2036-05-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-24                                   | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 24 1A              | CUSIP: 23243HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1062960 | PA      | $975777.96    | 0.04%             | 2047-06-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-96                                                      | FANNIE MAE FNR 2007 96 AF                                  | CUSIP: 31396XNT7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      72243 | PA      | $72427.79     | 0.00%             | 2037-06-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE                    | CUSIP: 01F040628<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -21600000 | PA      | $-20477532.89 | -0.79%            | 2056-02-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-100                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 100 FA             | CUSIP: 38385GQ77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   18671261 | PA      | $18756794.32  | 0.72%             | 2055-06-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-65                                               | FANNIE MAE FNR 2025 65 FH                                  | CUSIP: 3136BWW85<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    6964214 | PA      | $6988744.31   | 0.27%             | 2055-08-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-4                                                       | FANNIE MAE FNR 2007 4 DF                                   | CUSIP: 31396PMC2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      28951 | PA      | $28738.58     | 0.00%             | 2037-02-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-OC3                             | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OC3 1A1          | CUSIP: 021464AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1224963 | PA      | $1169940.47   | 0.04%             | 2046-04-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT IDR SOLD USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $836.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES EURO CLO 2014-2 LTD 14-2A              | CARLYLE GLOBAL MARKET STRATEGI CGMSE 2014 2A AR1 144A      | CUSIP: ACI1XGH29<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     190436 | PA      | $223940.42    | 0.01%             | 2031-11-15      | Floating      | 2.81%                 | No            |                  2 | On Loan: No      |
| M&T BANK AUTO RECEIVABLES TRUST 2025-1A                                 | M+T BANK AUTO RECEIVABLES TRUS MTBAT 2025 1A A3 144A       | CUSIP: 55287XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    9900000 | PA      | $10039853.34  | 0.39%             | 2030-06-17      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL AJ7522 FN 01/27 FIXED 3                          | CUSIP: 3138E0LC1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     113818 | PA      | $113065.59    | 0.00%             | 2027-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2023-1A                               | GLS AUTO SELECT RECEIVABLES TR GSAR 2023 1A A3 144A        | CUSIP: 36267FAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2435395 | PA      | $2454513.16   | 0.09%             | 2028-10-16      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY MORTGAGE TRUST 2021-FL2                               | STARWOOD COMMERCIAL MORTGAGE T STWD 2021 FL2 A 144A        | CUSIP: 78486BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    2597667 | PA      | $2600058.13   | 0.10%             | 2038-04-18      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 080156 G2 01/28 FLOATING VAR                  | CUSIP: 36225CE69<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       5278 | PA      | $5262.82      | 0.00%             | 2028-01-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                     | NATWEST MARKETS PLC SR UNSECURED 144A 05/29 VAR            | CUSIP: 63906YAL2<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   10730000 | PA      | $10826687.28  | 0.42%             | 2029-05-17      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+59 *BULLET* JPM                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-1009174.87  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                                   | AIR LEASE CORP SR UNSECURED 01/27 2.2                      | CUSIP: 00914AAR3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    6359000 | PA      | $6232126.50   | 0.24%             | 2027-01-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS HOTEL TRUST 2019-HNLA                                       | NEW ORLEANS HOTEL TRUST NOHT 2019 HNLA A 144A              | CUSIP: 647622AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1900000 | PA      | $1888753.14   | 0.07%             | 2032-04-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-2A                          | GREENSKY HOME IMPROVEMENT ISSU GSKY 2025 2A A3 144A        | CUSIP: 39571VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1300000 | PA      | $1320489.30   | 0.05%             | 2060-06-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| NORTHWOODS CAPITAL XII-B LTD 2018-12BA                                  | NORTHWOODS CAPITAL LTD WOODS 2018 12BA AR 144A             | CUSIP: 66858CAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1808956 | PA      | $1811175.05   | 0.07%             | 2031-06-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2025-1A                                   | LENDBUZZ SECURITIZATION TRUST LBZZ 2025 1A A2 144A         | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     772029 | PA      | $772296.04    | 0.03%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                     | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF A 144A            | CUSIP: 04410RAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6316751 | PA      | $6310571.86   | 0.24%             | 2035-04-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2021-B                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2021 B A 144A           | CUSIP: 78449YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1499026 | PA      | $1420803.90   | 0.05%             | 2051-07-17      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $8276.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260410                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $7974.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DRYDEN 52 EURO CLO 2017 17-52A                                          | DRYDEN EURO CLO DRYD 2017 52A AR 144A                      | CUSIP: ACI1YL2T4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    2071260 | PA      | $2436896.37   | 0.09%             | 2034-05-15      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2024-1                                | GLS AUTO SELECT RECEIVABLES TR GSAR 2024 1A A2 144A        | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     222513 | PA      | $224041.67    | 0.01%             | 2030-03-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260105                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $143.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2024-3                                       | FLAGSHIP CREDIT AUTO TRUST FCAT 2024 3 A 144A              | CUSIP: 33843YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     618601 | PA      | $618195.87    | 0.02%             | 2028-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-42                                                      | FANNIE MAE FNR 2007 42 AF                                  | CUSIP: 31396VN53<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      12039 | PA      | $11877.57     | 0.00%             | 2037-05-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-9595.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $10922.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS ZAR 8.82000 08/02/23-6Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $-1181103.93  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-10657.12    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | UNITED STATES TREASURY BILL 04/26 0                        | CUSIP: 912797TK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     824000 | PA      | $814673.20    | 0.03%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVS 2005-A10                                    | MERRILL LYNCH MORTGAGE INVESTO MLMI 2005 A10 A             | CUSIP: 59020UZ65<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      39436 | PA      | $39060.37     | 0.00%             | 2036-02-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                                                           | VW CR INC                                                  | CUSIP: 91842KAD8<br>LEI: 549300UUPJ2NXDB68M19 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2496483.00   | 0.10%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CVC CORDATUS LOAN FUND XII DAC 12A                                      | CORDATUS CLO PLC CORDA 12A A1R 144A                        | CUSIP: ACI1WQCG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    9492437 | PA      | $11155512.18  | 0.43%             | 2032-01-23      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CHF BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-4481.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-88                                               | FANNIE MAE FNR 2025 88 FM                                  | CUSIP: 3136BXZK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2074828 | PA      | $2084273.19   | 0.08%             | 2055-08-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD JPY BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $797.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                                 | FREDDIE MAC FHR 5517 MF                                    | CUSIP: 3137HKH72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1005566 | PA      | $1010425.88   | 0.04%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 03/30 VAR        | CUSIP: 44891ADT1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   12063000 | PA      | $12156939.41  | 0.47%             | 2030-03-27      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5589                                                 | FREDDIE MAC FHR 5589 FB                                    | CUSIP: 3137HNFP8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   11273336 | PA      | $11318623.25  | 0.43%             | 2055-10-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS PLN 5.01000 11/05/24-5Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-610243.76   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/27 3.815          | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     300000 | PA      | $295571.66    | 0.01%             | 2027-11-02      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5565                                                 | FREDDIE MAC FHR 5565 FA                                    | CUSIP: 3137HMGJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    4065223 | PA      | $4082895.69   | 0.16%             | 2055-08-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST 2024-6                                | CHASE MORTGAGE FINANCE CORPORA CHASE 2024 6 A11 144A       | CUSIP: 161931AP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3093930 | PA      | $3102385.40   | 0.12%             | 2055-05-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 08/27 4.125          | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     400000 | PA      | $396926.82    | 0.02%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST 2024-2PL                                                 | ACHV ABS TRUST ACHV 2024 2PL A 144A                        | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     469700 | PA      | $472514.69    | 0.02%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT THB SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $0.16         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT TRUST 2024-2                                  | GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 2 A3 144A         | CUSIP: 39571XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2000000 | PA      | $2039951.60   | 0.08%             | 2059-10-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND 2016-43A                                        | DRYDEN SENIOR LOAN FUND DRSLF 2016 43A AR3 144A            | CUSIP: 26245CBQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    3500000 | PA      | $3499867.98   | 0.13%             | 2034-04-20      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                        | PROJECT CASHMERE CLASS A1 144A                             | CUSIP: 990ABJRT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |   20900000 | PA      | $13947615.69  | 0.54%             | 2057-12-30      | Floating      | 4.54%                 | No            |                  3 | On Loan: No      |
| FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF7                             | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF7 2A4            | CUSIP: 320277AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   12141200 | PA      | $10806044.38  | 0.41%             | 2036-05-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-101062.95   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                        | BERRY GLOBAL INC SR SECURED 01/27 1.65                     | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     600000 | PA      | $584410.25    | 0.02%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                                 | FREDDIE MAC FHR 5500 FA                                    | CUSIP: 3137HJAP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1216692 | PA      | $1221490.54   | 0.05%             | 2055-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 008865 G2 05/26 FLOATING VAR                  | CUSIP: 36202KZ65<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        605 | PA      | $604.80       | 0.00%             | 2026-05-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL G04618 FG 07/33 FIXED 6                  | CUSIP: 3128M6PB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1120 | PA      | $1171.00      | 0.00%             | 2033-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                | LLOYDS BANKING GROUP PLC SR UNSECURED 08/28 4.55           | CUSIP: 539439AT6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     700000 | PA      | $709180.29    | 0.03%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                    | LAS VEGAS SANDS CORP SR UNSECURED 08/26 3.5                | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    4400000 | PA      | $4382070.88   | 0.17%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 317UBAKA4 PIMCO SWAPTION 4.25 PUT USD 20261209             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    6000000 | NC      | $1574.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/26 5.125          | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    6100000 | PA      | $6134915.73   | 0.24%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-5200.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ACRES COMMERCIAL REALTY LTD 2025-FL3                                    | ACRES PLC ACRES 2025 FL3 A 144A                            | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    7200000 | PA      | $7214803.56   | 0.28%             | 2040-08-18      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 08/26 4.542          | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1598214.86   | 0.06%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                       | HSBC HOLDINGS PLC SR UNSECURED 03/31 VAR                   | CUSIP: 404280EU9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    3900000 | PA      | $3930350.15   | 0.15%             | 2031-03-03      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL 847415 FH 06/35 FLOATING VAR             | CUSIP: 3128JRGY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      63376 | PA      | $65886.56     | 0.00%             | 2035-06-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                                   | AIR LEASE CORP SR UNSECURED 08/26 1.875                    | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    3676000 | PA      | $3622280.74   | 0.14%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                       | SOUTH AFRICAN T BILLS BILLS 05/26 0.00000                  | CUSIP: ACI2XB1Q2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    5400000 | PA      | $318547.25    | 0.01%             | 2026-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST 2025-1A                    | ARIVO ACCEPTANCE AUTO LOAN REC ARIVO 2025 1A A1 144A       | CUSIP: 039962AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     578340 | PA      | $578493.53    | 0.02%             | 2026-07-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY FEDL01+72 CIB                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-381358.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ILS SOLD USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $1566.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ZAR SOLD USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $6722.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                                 | FREDDIE MAC FHR 5500 UF                                    | CUSIP: 3137HJCB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1075093 | PA      | $1078883.34   | 0.04%             | 2054-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| TCW CLO AMR LTD 2019-1A                                                 | TCW CLO 2019 1 AMR, LTD. TCW 2019 1A ASNR 144A             | CUSIP: 87241EAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4000000 | PA      | $4003000.00   | 0.15%             | 2034-08-16      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA INC DISC COML PAPER 01/26 ZCP                          | CUSIP: 40412DAL3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1197320.28   | 0.05%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-133.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-4788.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP 2023-7A LLC                        | AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 7A A 144A        | CUSIP: 05377RHL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4500000 | PA      | $4611169.80   | 0.18%             | 2028-08-21      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-8                                         | ANGEL OAK MORTGAGE TRUST AOMT 2025 8 A1 144A               | CUSIP: 03466UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6211515 | PA      | $6263641.29   | 0.24%             | 2070-07-25      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE ISSUER TRUST 2025-B                                        | AQUA FINANCE TRUST AQFIT 2025 B A 144A                     | CUSIP: 03837GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5332457 | PA      | $5373963.72   | 0.21%             | 2051-05-17      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| SPECIALTY UNDERWRITING & RESID 2005-BC2                                 | SPECIALTY UNDERWRITING + RESID SURF 2005 BC2 M3            | CUSIP: 84751PFW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      33578 | PA      | $33516.54     | 0.00%             | 2035-12-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT KRW SOLD USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $21964.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $33450.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO EURO CLO I DAC 1A                                               | INVESCO EURO CLO INVSC 1A A1R 144A                         | CUSIP: ACI1VT7W8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     230407 | PA      | $270913.38    | 0.01%             | 2031-07-15      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-CA                                       | NELNET STUDENT LOAN TRUST NSLT 2025 CA A1A 144A            | CUSIP: 64035UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   12136793 | PA      | $12105209.61  | 0.46%             | 2065-06-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R3                                      | VERUS SECURITIZATION TRUST VERUS 2021 R3 A2 144A           | CUSIP: 92538EAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     129268 | PA      | $123473.24    | 0.00%             | 2064-04-25      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| CGMS-2021-9A                                                            | CARLYLE GLOBAL MARKET STRATEGI CGMS 2021 9A AR 144A        | CUSIP: 14317KAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1000000 | PA      | $1000563.52   | 0.04%             | 2034-10-20      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA INC DISC COML PAPER 02/26 ZCP                          | CUSIP: 40412DB24<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     700000 | PA      | $697381.37    | 0.03%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5565                                                 | FREDDIE MAC FHR 5565 FB                                    | CUSIP: 3137HMGK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   10337898 | PA      | $10432002.49  | 0.40%             | 2055-08-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT NZD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $28250.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $2501.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD NZD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $2424.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 06/20/24-4Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-58582.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                   | ATHENE GLOBAL FUNDING SECURED 144A 01/30 5.38              | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     600000 | PA      | $614401.04    | 0.02%             | 2030-01-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2021-RPL4                                                    | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL4 A1 144A        | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1537359 | PA      | $1532574.84   | 0.06%             | 2060-12-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/26 VAR            | CUSIP: 345397F99<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1405206.25   | 0.05%             | 2026-11-05      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                      | ENERGY TRANSFER LP SR UNSECURED 04/30 5.2                  | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     300000 | PA      | $309222.98    | 0.01%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT AUD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $1285.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-4265.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF INDUSTRY LIMITED                                                | BANK OF INDUSTRY LIMITED 2024 EUR TERM LOAN B1             | CUSIP: BA000BY62<br>LEI: 5493006N5JD4B34R6G14 | Long             | LON              | MUN               | NG        |    3500000 | PA      | $4101888.66   | 0.16%             | 2027-08-23      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| PROVIDUS CLO V DAC 5A                                                   | PROVIDUS CLO PRVD 5A AR 144A                               | CUSIP: ACI3128Y1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1000000 | PA      | $1176205.73   | 0.05%             | 2039-11-15      | Floating      | 3.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-5515.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-139001.85   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSI ASSET SEC CORP TRUST 2006-OPT3                                      | HSI ASSET SECURITIZATION CORPO HASC 2006 OPT3 M1           | CUSIP: 40430HFN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     329712 | PA      | $322299.29    | 0.01%             | 2036-02-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO 21 LTD                                            | ANCHORAGE CAPITAL CLO LTD ANCHC 2021 21A AR 144A           | CUSIP: 03331KAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    7500000 | PA      | $7494375.00   | 0.29%             | 2034-10-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-14761.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-227.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERIQUEST MTGE SECURITIES INC 2004-R12                                 | AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R12 M2            | CUSIP: 03072SXE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     184222 | PA      | $190647.74    | 0.01%             | 2035-01-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+55 RBC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-87892.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                       | SOUTH AFRICAN T BILLS SOUTH AFRICAN T BILLS                | CUSIP: ACI355B18<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   20100000 | PA      | $1150797.83   | 0.04%             | 2026-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                             | TRINITY SQUARE TRINI 2021 1A AR 144A                       | CUSIP: ACI2NNG08<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    1966574 | PA      | $2652568.09   | 0.10%             | 2059-07-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2021-SJ2                                      | TOWD POINT MORTGAGE TRUST TPMT 2021 SJ2 A1A 144A           | CUSIP: 89180LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1892251 | PA      | $1849449.76   | 0.07%             | 2061-12-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE                  | CUSIP: 01F052623<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -29475407 | PA      | $-29862219.25 | -1.15%            | 2056-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R3                                      | VERUS SECURITIZATION TRUST VERUS 2021 R3 A3 144A           | CUSIP: 92538EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     193902 | PA      | $184988.96    | 0.01%             | 2064-04-25      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-4                                        | TOWD POINT MORTGAGE TRUST TPMT 2019 4 A1 144A              | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1240841 | PA      | $1198558.20   | 0.05%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA (VMED O2 UK FINANCING I PLC)                               | VMED O2 UK FINANCING I SR SECURED 144A 04/32 7.75          | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     400000 | PA      | $417340.00    | 0.02%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $177973.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260105                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $1054.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CHF BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-4928.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ILS SOLD USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $4185.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD KRW BOUGHT USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $17127.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP (AKA: AMERICAN TOWER REIT INC)                      | AMERICAN TOWER CORP SR UNSECURED 01/27 2.75                | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    5786000 | PA      | $5712033.63   | 0.22%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CARVAL CLO III LTD                                                      | CARVAL CLO LTD CARVL 2019 2A AR2 144A                      | CUSIP: 14686WAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    7243307 | PA      | $7248270.06   | 0.28%             | 2032-07-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HOLDINGS PLC                                         | SANTANDER UK GROUP HLDGS SR UNSECURED 09/29 VAR            | CUSIP: 80281LAW5<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    3700000 | PA      | $3700478.52   | 0.14%             | 2029-09-22      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| SIRIUS REAL ESTATE LIMITED                                              | SIRIUS REAL ESTATE LTD SR UNSECURED REGS 11/28 1.75        | CUSIP: ACI21W3V8<br>LEI: 213800NURUF5W8QSK566 | Long             | DBT              | CORP              | GG        |     200000 | PA      | $226095.27    | 0.01%             | 2028-11-24      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD EUR BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1027578.59  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2024-1                   | FOURSIGHT CAPITAL AUTOMOBILE R FCRT 2024 1 A2 144A         | CUSIP: 35105AAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     496554 | PA      | $498217.31    | 0.02%             | 2029-01-16      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                       | REPUBLIC OF SOUTH AFRICA BONDS 01/30 8                     | CUSIP: ACI0725J7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  243600000 | PA      | $15044065.22  | 0.58%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD JPY BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $20345.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST 2024-3AL                                                 | ACHV ABS TRUST ACHV 2024 3AL A 144A                        | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     805927 | PA      | $814281.88    | 0.03%             | 2031-12-26      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2007-HE3                                   | MORGAN STANLEY CAPITAL INC MSAC 2007 HE3 A2B               | CUSIP: 617538AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3678222 | PA      | $1856269.91   | 0.07%             | 2036-12-25      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2004-W9                                           | ARGENT SECURITIES INC. ARSI 2004 W9 M1                     | CUSIP: 040104LB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     379173 | PA      | $398872.55    | 0.02%             | 2034-06-26      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2024-5                                     | PAGAYA AI DEBT SELECTION TRUST PAID 2024 5 A 144A          | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     490149 | PA      | $493067.97    | 0.02%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 4.5 JUMBOS                               | CUSIP: 21H042620<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   41700000 | PA      | $40593972.55  | 1.56%             | 2056-02-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR5                                     | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR5 1A1           | CUSIP: 39538WEA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      71941 | PA      | $69363.53     | 0.00%             | 2045-11-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| TOWD POINT ASSET TRUST 2021-SL1                                         | TOWD POINT ASSET TRUST TPAT 2021 SL1 A2 144A               | CUSIP: 89179XAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2278173 | PA      | $2273979.05   | 0.09%             | 2061-11-20      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2018-27                                               | FANNIE MAE FNR 2018 27 WF                                  | CUSIP: 3136B1M35<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     308792 | PA      | $303789.60    | 0.01%             | 2058-05-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ZAR SOLD USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $2696.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD KRW BOUGHT USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-3498.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DRYDEN 95 CLO LTD                                                       | DRYDEN SENIOR LOAN FUND DRSLF 2021 95A AR 144A             | CUSIP: 262487AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    3800000 | PA      | $3798719.06   | 0.15%             | 2034-08-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST 2021-A                                   | MARINER FINANCE ISSUANCE TRUST MFIT 2021 AA A 144A         | CUSIP: 56848DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    7800000 | PA      | $7681199.76   | 0.29%             | 2036-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-A                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 A APT 144A         | CUSIP: 78450FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3035167 | PA      | $2873300.25   | 0.11%             | 2054-11-16      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                            | ING GROEP NV SR UNSECURED 03/29 VAR                        | CUSIP: 456837BP7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   20800000 | PA      | $20900401.81  | 0.80%             | 2029-03-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-ADV TRUST                                                     | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 ADV A 144A          | CUSIP: 12660WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    7900000 | PA      | $7075169.69   | 0.27%             | 2038-07-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+62 RBC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-210245.13   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.79114 09/02/25-7Y* LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1178948.10   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2004-4                                       | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 4 1A1            | CUSIP: 542514HN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      41550 | PA      | $40680.04     | 0.00%             | 2034-10-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-4386.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+58 *BULLET* FAR                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-2340057.27  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 080143 G2 12/27 FLOATING VAR                  | CUSIP: 36225CER3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       3583 | PA      | $3612.33      | 0.00%             | 2027-12-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-DA                                       | NELNET STUDENT LOAN TRUST NSLT 2025 DA A1A 144A            | CUSIP: 639931AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5800000 | PA      | $5784655.52   | 0.22%             | 2054-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-AHL3                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AHL3 A3A          | CUSIP: 17312GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     299194 | PA      | $212652.77    | 0.01%             | 2045-07-25      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE-2005-75                                                      | FANNIE MAE FNR 2005 75 AF                                  | CUSIP: 31394FAF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      61526 | PA      | $61040.29     | 0.00%             | 2035-09-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS  STRUC PROD INC 2007-R6                                    | BEAR STEARNS STRUCTURED PRODUC BSSP 2007 R6 2A1            | CUSIP: 07402FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     115161 | PA      | $91569.46     | 0.00%             | 2046-12-26      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 31750RZR1 PIMCO FXVAN PUT USD KRW 1383.0000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |  -13700000 | NC      | $-22221.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $50833.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2025-1                                           | OPORTUN FUNDING LLC OPTN 2025 1 A 144A                     | CUSIP: 68377PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     995055 | PA      | $996411.21    | 0.04%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                     | GLOBAL PAYMENTS INC SR UNSECURED 01/27 2.15                | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2448606.68   | 0.09%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-4338.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2024-D OWNER TRUST                              | TOYOTA AUTO RECEIVABLES OWNER TAOT 2024 D A3               | CUSIP: 89239TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3800000 | PA      | $3827805.36   | 0.15%             | 2029-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCIETY                                             | NATIONWIDE BLDG SOCIETY 144A 07/29 VAR                     | CUSIP: 63861VAL1<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   10500000 | PA      | $10521616.04  | 0.40%             | 2029-07-14      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-2521.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CVC CORDATUS LOAN FUND XXX DAC 30A                                      | CORDATUS CLO PLC CORDA 30A AR 144A                         | CUSIP: ACI354435<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    7400000 | PA      | $8704022.38   | 0.33%             | 2037-05-15      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                            | ALPHABET INC CL C COMMON STOCK USD.001                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      60000 | NS      | $18828000.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST 2021-2A                     | AASET 2021 2 TRUST AASET 2021 2A A 144A                    | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3242840 | PA      | $3080258.12   | 0.12%             | 2047-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XLVI LTD 2020-46A                                  | MADISON PARK FUNDING LTD MDPK 2020 46A ARR 144A            | CUSIP: 55822AAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   11700000 | PA      | $11692036.04  | 0.45%             | 2034-10-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $819.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-35411.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5557                                                 | FREDDIE MAC FHR 5557 FM                                    | CUSIP: 3137HLZ21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1273274 | PA      | $1278028.59   | 0.05%             | 2055-07-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| M&T EQUIPMENT 2024-LEAF1 LLC                                            | M+T EQUIPMENT NOTES MTLRF 2024 1A A2 144A                  | CUSIP: 55376YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1346717 | PA      | $1351196.62   | 0.05%             | 2031-08-18      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS MXN TIIE1/7.55000 07/10/25-3Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $-91800.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2002-AR6                                              | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR6 A             | CUSIP: 929227QB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      25177 | PA      | $23855.84     | 0.00%             | 2042-06-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ILS SOLD USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $3180.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQ2R                           | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2021 NQ2R A3 144A       | CUSIP: 64831EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      71617 | PA      | $68726.02     | 0.00%             | 2058-10-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-59557.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-65                                                      | FANNIE MAE FNR 2007 65 KF                                  | CUSIP: 31396WLX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      30699 | PA      | $30422.44     | 0.00%             | 2037-07-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5573                                                 | FREDDIE MAC FHR 5573 FD                                    | CUSIP: 3137HMSJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5508130 | PA      | $5532313.33   | 0.21%             | 2055-09-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDX ITRAXX XOV44 5Y 35-100% SP MYC                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $51851.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $1080.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT BRL SOLD USD 20260203                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-65377.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                   | ATHENE GLOBAL FUNDING SECURED 144A 09/28 VAR               | CUSIP: 04685A4T5<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   23300000 | PA      | $23200448.65  | 0.89%             | 2028-09-18      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                                 | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 09/28 4.55      | CUSIP: 928668CW0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    4900000 | PA      | $4929099.83   | 0.19%             | 2028-09-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | GENERAL ELECTRIC COMPANY SNR S* ICE                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $2793.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PRPM 2024-NQM1 TRUST                                                    | PRESTON RIDGE PARTNERS MORTGAG PRPM 2024 NQM1 A1 144A      | CUSIP: 693977AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1089687 | PA      | $1102807.72   | 0.04%             | 2068-12-25      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3368                                                        | FREDDIE MAC FHR 3368 AF                                    | CUSIP: 31397KL82<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     312638 | PA      | $313438.84    | 0.01%             | 2037-09-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-B                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 B A1A 144A         | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1309336 | PA      | $1252219.98   | 0.05%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | MORGAN STANLEY SNR S* ICE                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $33029.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSMC 2018-RPL9 TRUST                                                    | CREDIT SUISSE MORTGAGE TRUST CSMC 2018 RPL9 A1 144A        | CUSIP: 12654PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1837881 | PA      | $1817273.66   | 0.07%             | 2057-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE                  | CUSIP: 01F062622<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  111511841 | PA      | $115918121.00 | 4.45%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MF1 MULTIFAMILY HOUSING MORTGAGE LOAN TRUST 2025-FL20 LLC               | MF1 MULTIFAMILY HOUSING MORTGA MF1 2025 FL20 A 144A        | CUSIP: 59319CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    1050000 | PA      | $1052622.28   | 0.04%             | 2043-02-18      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-1                                                | FANNIE MAE FNR 2025 1 FD                                   | CUSIP: 3136BUZM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1697427 | PA      | $1704673.88   | 0.07%             | 2055-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA INC DISC COML PAPER 01/26 ZCP                          | CUSIP: 40412DA74<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   22900000 | PA      | $22882277.69  | 0.88%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-4754.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                              | STRATTON MORTGAGE FUNDING PLC STRA 2024 1A A 144A          | CUSIP: ACI2MKRM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    1455184 | PA      | $1963545.66   | 0.08%             | 2060-06-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                                   | AIR LEASE CORP DISC COML 01/26 ZCP                         | CUSIP: 00913XAE3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   16300000 | PA      | $16274319.35  | 0.62%             | 2026-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ISHARES CORE S&P 500 ETF                                                | ISHARES CORE S+P 500 ETF ISHARES CORE S+P 500 ETF          | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | CORP              | US        |     209631 | NS      | $143584657.14 | 5.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | BOUGHT SGD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $10112.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 06/26 6.95           | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     200000 | PA      | $201777.20    | 0.01%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-R1                                      | VERUS SECURITIZATION TRUST VERUS 2025 R1 A1 144A           | CUSIP: 92541AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4334480 | PA      | $4367839.35   | 0.17%             | 2065-05-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-2179.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2006-HE4                                            | ACE SECURITIES CORP. ACE 2006 HE4 A2C                      | CUSIP: 00442BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2742806 | PA      | $1075218.74   | 0.04%             | 2036-10-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| AG TRUST 2024-NLP                                                       | AG TRUST AG 2024 NLP A 144A                                | CUSIP: 00792MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     760265 | PA      | $765366.92    | 0.03%             | 2041-08-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MTGE PROD 2005-EFC1                                   | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 EFC1 M6           | CUSIP: 76112BRR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2685822 | PA      | $2644172.01   | 0.10%             | 2035-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 5 JUMBOS                                 | CUSIP: 21H050615<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5936000 | PA      | $5923361.07   | 0.23%             | 2055-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3360                                                        | FREDDIE MAC FHR 3360 FB                                    | CUSIP: 31397KE23<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     258719 | PA      | $258937.89    | 0.01%             | 2037-08-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $1053.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD NZD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $2796.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.7340* 09/02/25-7Y* LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $587700.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SYMPHONY CLO XXIX LTD                                                   | SYMPHONY CLO LTD SYMP 2021 29A AR 144A                     | CUSIP: 87168GAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    7800000 | PA      | $7800203.97   | 0.30%             | 2035-10-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2A                           | WESTLAKE AUTOMOBILE RECEIVABLE WLAKE 2025 2A A1 144A       | CUSIP: 96041KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     709206 | PA      | $709458.86    | 0.03%             | 2026-07-15      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | DEUTSCHE BANK AKTIENGESELLSCH SLA SE ICE                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | DE        |          1 | NC      | $3674.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2006-AR1                                        | GSR MORTGAGE LOAN TRUST GSR 2006 AR1 2A1                   | CUSIP: 3623414A4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      12056 | PA      | $11381.50     | 0.00%             | 2036-01-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2007-FS1                                  | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 FS1 1A1 144A      | CUSIP: 17313EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     105567 | PA      | $102824.38    | 0.00%             | 2037-10-25      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD TWD BOUGHT USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $151156.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260112                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-5242.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | US 10YR ULTRA FUT MAR26 XCBT 20260320                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -810 | NC      | $343757.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+58 *BULLET* FAR                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-196511.32   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CHF BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $1484.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2009-99                                                      | FANNIE MAE FNR 2009 99 FC                                  | CUSIP: 31398F4R9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      39432 | PA      | $39702.50     | 0.00%             | 2039-12-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC-3891                                                        | FREDDIE MAC FHR 3891 BF                                    | CUSIP: 3137ADTZ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     391311 | PA      | $389618.37    | 0.01%             | 2041-07-15      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-4A LLC                                                        | RESEARCH DRIVEN PAGAYA MOTOR A RPM 2025 4A A1 144A         | CUSIP: 76089MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1498801 | PA      | $1499902.45   | 0.06%             | 2026-07-27      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $4659.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SA RL                                               | EAGLE FUNDING LUXCO SARL SR UNSECURED 144A 08/30 5.5       | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   15700000 | PA      | $16011488.00  | 0.61%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                       | NATWEST GROUP PLC SR UNSECURED 05/29 VAR                   | CUSIP: 639057AU2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    4900000 | PA      | $4923793.96   | 0.19%             | 2029-05-23      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2003-8                      | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 8 4A1            | CUSIP: 07384MZV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     112113 | PA      | $111519.95    | 0.00%             | 2034-01-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-1A                       | SFS AUTO RECEIVABLES SECURITIZ SFAST 2024 1A A3 144A       | CUSIP: 78435VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     370015 | PA      | $372369.33    | 0.01%             | 2029-05-21      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FOX CORPORATION                                                         | FOX CORP SR UNSECURED 01/29 4.709                          | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    4400000 | PA      | $4457378.77   | 0.17%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-HE9                     | BEAR STEARNS ASSET BACKED SECU BSABS 2006 HE9 1A3          | CUSIP: 07389MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     815000 | PA      | $774837.62    | 0.03%             | 2036-11-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3355                                                        | FREDDIE MAC FHR 3355 BF                                    | CUSIP: 31397KC90<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     563831 | PA      | $564906.04    | 0.02%             | 2037-08-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2024-10                                    | PAGAYA AI DEBT SELECTION TRUST PAID 2024 10 A 144A         | CUSIP: 69544MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1494285 | PA      | $1501944.58   | 0.06%             | 2032-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+58 JPM                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-943148.05   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+61 *BULLET* CIB                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $27169270.67  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-24690.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+58 *BULLET* TOR                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-3814634.73  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-188150.04   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD MXN BOUGHT USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-2281.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+58 FAR                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-613608.75   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                               | EXPAND ENERGY CORP COMPANY GUAR 144A 04/29 6.75            | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    3900000 | PA      | $3923202.19   | 0.15%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL C91161 FG 02/28 FIXED 5                  | CUSIP: 3128P7JE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       2080 | PA      | $2097.04      | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-54                                               | FANNIE MAE FNR 2025 54 FM                                  | CUSIP: 3136BWNW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1003408 | PA      | $1007181.15   | 0.04%             | 2055-07-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2024-4A                               | GLS AUTO RECEIVABLES TRUST GCAR 2024 4A A3 144A            | CUSIP: 36270YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2300000 | PA      | $2306604.68   | 0.09%             | 2028-07-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-19524.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2003-8                      | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 8 1A1            | CUSIP: 07384MZQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       3890 | PA      | $3838.32      | 0.00%             | 2034-01-25      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT TRUST 2024-1                                  | GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 1 A2 144A         | CUSIP: 39571MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     400779 | PA      | $402513.33    | 0.02%             | 2059-06-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD KRW BOUGHT USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-47923.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-99                                               | FANNIE MAE FNR 2025 99 KF                                  | CUSIP: 3136BXY40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5476689 | PA      | $5496581.12   | 0.21%             | 2055-11-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-10249.17    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 844532 FN 11/35 FLOATING VAR                     | CUSIP: 31407YHH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      24605 | PA      | $25021.75     | 0.00%             | 2035-11-01      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GCAT LLC 2019-RPL1                                                      | GCAT GCAT 2019 RPL1 A1 144A                                | CUSIP: 36167CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3218567 | PA      | $3149427.54   | 0.12%             | 2068-10-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                                 | FREDDIE MAC FHR 5508 DF                                    | CUSIP: 3137HJG84<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     776805 | PA      | $781307.19    | 0.03%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| ARES LX CLO LTD 60A                                                     | ARES CLO LTD ARES 2021 60A AR 144A                         | CUSIP: 04018FAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250076.54    | 0.01%             | 2034-07-18      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-43.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 062687 FN 04/28 FLOATING VAR                     | CUSIP: 31362JUL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        169 | PA      | $168.40       | 0.00%             | 2028-04-01      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-4A LLC                                                        | RESEARCH DRIVEN PAGAYA MOTOR A RPM 2025 4A A2 144A         | CUSIP: 76089MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3300000 | PA      | $3313844.16   | 0.13%             | 2034-04-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CHF BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-1234.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2004-2F                                         | GSR MORTGAGE LOAN TRUST GSR 2004 2F 7A1                    | CUSIP: 36229RLL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        716 | PA      | $711.29       | 0.00%             | 2034-01-25      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| TIKEHAU CLO V BV 5A                                                     | TIKEHAU TIKEH 5A AR 144A                                   | CUSIP: ACI2YQ816<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    6750000 | PA      | $7938539.07   | 0.30%             | 2038-10-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                                      | PRESTON RIDGE PARTNERS MORTGAG PRPM 2025 RCF3 A1 144A      | CUSIP: 69392PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2129642 | PA      | $2149631.98   | 0.08%             | 2055-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $874.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY FEDL01+68 CIB                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-23759.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSUMER PORTFOLIO SERVICES AUTO TRUST 2025-C                           | CPS AUTO TRUST CPS 2025 C B 144A                           | CUSIP: 12634SAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   12000000 | PA      | $12078093.60  | 0.46%             | 2029-12-17      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP 2002-P1A            | CREDIT SUISSE FIRST BOSTON MOR CSFB 2002 P1A A 144A        | CUSIP: 22540VK43<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      24327 | PA      | $23620.43     | 0.00%             | 2032-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-66.49       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RCKT TRUST 2025-1A                                                      | RCKT TRUST RCKTL 2025 1A A 144A                            | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1225827 | PA      | $1229352.48   | 0.05%             | 2034-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| EAR STEARNS ASSET BACKED SECURITIES I TRUST 2004-HE9                    | BEAR STEARNS ASSET BACKED SECU BSABS 2004 HE9 M1           | CUSIP: 073879KC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4071641 | PA      | $4106370.85   | 0.16%             | 2034-11-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-5 LLC                                                         | PRESTON RIDGE PARTNERS MORTGAG PRPM 2025 5 A1 144A         | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3841902 | PA      | $3847871.80   | 0.15%             | 2030-07-25      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3439                                                        | FREDDIE MAC FHR 3439 FN                                    | CUSIP: 31397TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       7599 | PA      | $7520.92      | 0.00%             | 2037-02-15      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS PLN 4.13600 09/30/25-4Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $206736.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT KRW SOLD USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $20426.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                                   | CROWN CASTLE 01/26 ZCP                                     | CUSIP: 22823QAN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   14800000 | PA      | $14762153.44  | 0.57%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SCCU AUTO RECEIVABLES TRUST 2024-1A                                     | SPACE COAST CREDIT UNION SCCU 2024 1A A2 144A              | CUSIP: 78436RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      37542 | PA      | $37571.86     | 0.00%             | 2027-12-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-24                                          | COUNTRYWIDE HOME LOANS CWHL 2005 24 A7                     | CUSIP: 126694JX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     678826 | PA      | $338767.80    | 0.01%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+61 RBC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-34454.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5584                                                 | FREDDIE MAC FHR 5584 DF                                    | CUSIP: 3137HNCM8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3367277 | PA      | $3381291.12   | 0.13%             | 2055-10-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-59                                     | FHLMC STRUCTURED PASS THROUGH FSPC T 59 1A1                | CUSIP: 31394PPQ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     276053 | PA      | $285005.81    | 0.01%             | 2043-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                      | FORD MOTOR COMPANY SR UNSECURED 12/26 4.346                | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1998243.96   | 0.08%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PRET 2025-NPL7 LLC                                                      | PRETIUM MORTGAGE CREDIT PARTNE PRET 2025 NPL7 A1 144A      | CUSIP: 740934AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2681966 | PA      | $2690933.98   | 0.10%             | 2055-07-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2024-7                                     | PAGAYA AI DEBT SELECTION TRUST PAID 2024 7 A 144A          | CUSIP: 69545AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     700205 | PA      | $705025.78    | 0.03%             | 2031-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $5963.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.29000 03/31/26-4Y* LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $659828.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                                 | FREDDIE MAC FHR 5500 AF                                    | CUSIP: 3137HJ7M3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2551959 | PA      | $2553638.42   | 0.10%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD EUR BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1743.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 12/18/24-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-65423.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | MSFT US TRS EQUITY SOFR+85 BOA                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $2708161.20   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL C91222 FG 12/28 FIXED 5                  | CUSIP: 3128P7LB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       3904 | PA      | $3930.62      | 0.00%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-18                                               | FANNIE MAE FNR 2025 18 FM                                  | CUSIP: 3136BVKH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3718739 | PA      | $3731849.46   | 0.14%             | 2054-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CNH BOUGHT USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-17971.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 086654 FN 08/29 FLOATING VAR                     | CUSIP: 31363EH73<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        188 | PA      | $188.82       | 0.00%             | 2029-08-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO 50B LTD                                      | GOLUB CAPITAL PARTNERS CLO, LT GCBSL 2020 50A A1R2 144A    | CUSIP: 38178DAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    1400000 | PA      | $1399967.04   | 0.05%             | 2035-04-20      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| SOFI PROFESSIONAL LOAN PROGRAM LLC 2020-A                               | SOCIAL PROFESSIONAL LOAN PROGR SOFI 2020 A A2FX 144A       | CUSIP: 83406TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1009531 | PA      | $977301.32    | 0.04%             | 2046-05-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2023-AA                                       | NELNET STUDENT LOAN TRUST NSLT 2023 AA AFX 144A            | CUSIP: 64032PAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     510253 | PA      | $531579.12    | 0.02%             | 2041-02-20      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-3402.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 09/28 VAR        | CUSIP: 44891AEB9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     500000 | PA      | $503933.43    | 0.02%             | 2028-09-18      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-E                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 E A1A 144A         | CUSIP: 78450XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1641373 | PA      | $1668958.95   | 0.06%             | 2056-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5495                                                 | FREDDIE MAC FHR 5495 AF                                    | CUSIP: 3137HJ2H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2376213 | PA      | $2384493.23   | 0.09%             | 2055-01-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $185694.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $0.99         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 04/26 0.00000                                | CUSIP: 912797TH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     284000 | PA      | $281170.75    | 0.01%             | 2026-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDX ITRAXX XOV44 5Y 35-100% SP CBK                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $1089178.59   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260303                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $472.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES XLIV CLO LTD 2017-44A                                              | ARES CLO LTD ARES 2017 44A A1RR 144A                       | CUSIP: 04016NBH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   11900000 | PA      | $11903770.99  | 0.46%             | 2034-04-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2004-WMC2                                  | MORGAN STANLEY CAPITAL INC MSAC 2004 WMC2 M1               | CUSIP: 61746RHS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     473121 | PA      | $482543.74    | 0.02%             | 2034-07-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ZAR SOLD USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $5707.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2005-AR5                                   | STRUCTURED ASSET MORTGAGE INVE SAMI 2005 AR5 A3            | CUSIP: 86359LPF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      60761 | PA      | $60241.49     | 0.00%             | 2035-07-19      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5410                                                 | FREDDIE MAC FHR 5410 FB                                    | CUSIP: 3137HCUC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5743145 | PA      | $5781173.14   | 0.22%             | 2054-05-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| ACRA TRUST 2024-NQM1                                                    | ACRA TRUST 2024 NQM1 ACRA 2024 NQM1 A1 144A                | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2066356 | PA      | $2076858.30   | 0.08%             | 2064-10-25      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| MF1 2024-FL14 LLC                                                       | MF1 MULTIFAMILY HOUSING MORTGA MF1 2024 FL14 A 144A        | CUSIP: 55416AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     900000 | PA      | $902696.07    | 0.03%             | 2039-03-19      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 4 JUMBOS                                 | CUSIP: 21H040624<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   43000000 | PA      | $40611484.59  | 1.56%             | 2056-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CNH BOUGHT USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-19561.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SERVICES US CORP                                   | STELLANTIS FINANCIAL SER SR UNSECURED 144A 09/28 4.95      | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    7100000 | PA      | $7199207.95   | 0.28%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 535439 FN 08/30 FIXED VAR                        | CUSIP: 31384VZC9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        127 | PA      | $129.90       | 0.00%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5510                                                 | FREDDIE MAC FHR 5510 FA                                    | CUSIP: 3137HJMM6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     654350 | PA      | $657670.79    | 0.03%             | 2055-02-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| SCCU AUTO RECEIVABLES TRUST 2025-1 2025-1A                              | SPACE COAST CREDIT UNION SCCU 2025 1A A3 144A              | CUSIP: 80620BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    8100000 | PA      | $8180761.86   | 0.31%             | 2031-01-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 03/26 5.35                | CUSIP: 842400JB0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    2300000 | PA      | $2304281.45   | 0.09%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-6343.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT KRW SOLD USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $20784.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-10520.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                | LLOYDS BANKING GROUP PLC SR UNSECURED 11/28 VAR            | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   25000000 | PA      | $25128116.75  | 0.96%             | 2028-11-26      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST REF MORT 03/28 3.65                | CUSIP: 842400GJ6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     400000 | PA      | $395572.60    | 0.02%             | 2028-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD AUD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-140550.01   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | 31750RZQ3 PIMCO FXVAN PUT USD KRW 1419.0000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   13700000 | NC      | $79254.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-90039.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HENLEY CLO VII DAC 7A                                                   | HENLEY FUNDING LTD. HNLY 7A AR 144A                        | CUSIP: ACI2QFVZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    2702025 | PA      | $3178300.41   | 0.12%             | 2034-04-25      | Floating      | 3.06%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 03/26 0.00000                                | CUSIP: 912797TB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      69000 | PA      | $68409.32     | 0.00%             | 2026-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1A                                                 | REACH FINANCIAL LLC REACH 2025 1A A 144A                   | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     218047 | PA      | $218736.56    | 0.01%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H07                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H07 FE             | CUSIP: 38376RRG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      82034 | PA      | $82705.03     | 0.00%             | 2066-03-20      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5505                                                 | FREDDIE MAC FHR 5505 AF                                    | CUSIP: 3137HJ6H5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1022714 | PA      | $1011368.34   | 0.04%             | 2050-03-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-3               | GM FINANCIAL SECURITIZED TERM GMCAR 2023 3 A3              | CUSIP: 36267KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1743105 | PA      | $1755849.89   | 0.07%             | 2028-06-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-2A                          | GREENSKY HOME IMPROVEMENT ISSU GSKY 2025 2A B 144A         | CUSIP: 39571VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4600000 | PA      | $4650694.76   | 0.18%             | 2060-06-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                                 | BAYER US FINANCE II LLC COMPANY GUAR 144A 12/28 4.375      | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    2600000 | PA      | $2603328.70   | 0.10%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC-3372                                                        | FREDDIE MAC FHR 3372 F                                     | CUSIP: 31397KQ61<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      33162 | PA      | $33123.68     | 0.00%             | 2037-10-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $2847.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5513                                                 | FREDDIE MAC FHR 5513 MF                                    | CUSIP: 3137HKEX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   15500423 | PA      | $15566737.37  | 0.60%             | 2054-11-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | US 5YR NOTE (CBT) MAR26 XCBT 20260331                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       3572 | NC      | $-983243.76   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                       | SOUTH AFRICAN T BILLS BILLS 06/26 0.00000                  | CUSIP: ACI30CS02<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   35100000 | PA      | $2060111.41   | 0.08%             | 2026-06-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2005-7                                         | BEAR STEARNS ALT A TRUST BALTA 2005 7 22A1                 | CUSIP: 07386HVS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      57412 | PA      | $30656.58     | 0.00%             | 2035-09-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| VENTURE XXVII CLO LTD 2017-27A                                          | VENTURE CDO LTD VENTR 2017 27A AR 144A                     | CUSIP: 92331LBC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      21935 | PA      | $21962.02     | 0.00%             | 2030-07-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-66                                               | FANNIE MAE FNR 2025 66 FK                                  | CUSIP: 3136BWYL4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    4942172 | PA      | $4961613.75   | 0.19%             | 2055-08-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $63563.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $155.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 067698 FN 11/28 FLOATING VAR                     | CUSIP: 31362QGF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        953 | PA      | $946.79       | 0.00%             | 2028-11-01      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2002-AR17                                             | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR17 1A           | CUSIP: 929227XB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10783 | PA      | $10460.86     | 0.00%             | 2042-11-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2023-C                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2023 C A1B 144A         | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     804410 | PA      | $813330.57    | 0.03%             | 2052-11-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-AMC1                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC1 A1 144A      | CUSIP: 17311BAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     733774 | PA      | $415687.24    | 0.02%             | 2036-12-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL BJ3996 FN 02/48 FIXED 3.5                        | CUSIP: 3140H5NN7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     101214 | PA      | $95248.52     | 0.00%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TR 2004-12                                           | BEAR STEARNS ALT A TRUST BALTA 2004 12 1M2                 | CUSIP: 07386HNV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2247699 | PA      | $2231801.92   | 0.09%             | 2035-01-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2007-9                                    | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 9 1A               | CUSIP: 12670FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     288626 | PA      | $260191.05    | 0.01%             | 2047-06-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CZK SOLD USD 20260311                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $919.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP 2021-NYAH           | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 NYAH C 144A      | CUSIP: 46654EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    7000000 | PA      | $6392127.00   | 0.25%             | 2038-06-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ARM 2003-1                                                 | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 1 6A1            | CUSIP: 07384MTN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       6390 | PA      | $6436.80      | 0.00%             | 2033-04-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                                 | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 09/27 4.45      | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    3900000 | PA      | $3913799.21   | 0.15%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | NVDA US TRS EQUITY SOFR+75 BOA                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-672230.55   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $6142.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.37500 03/31/26-4Y* LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $178018.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/27 7.35           | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     400000 | PA      | $417787.69    | 0.02%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2023-2A DAC                         | PALMER SQUARE EUROPEAN LOAN FU PSTET 2023 2A AR 144A       | CUSIP: ACI2QLH16<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     349583 | PA      | $411048.74    | 0.02%             | 2033-01-15      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | EURO-SCHATZ FUT   MAR26 XEUR 20260306                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |       -182 | NC      | $9087.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT-BASED ASSET SERVC SEC 2005-CB3                                   | CREDIT BASED ASSET SERVICING A CBASS 2005 CB3 M4           | CUSIP: 12489WLH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1539625 | PA      | $1510313.83   | 0.06%             | 2035-06-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 10/28 5.65                | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     100000 | PA      | $103604.28    | 0.00%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS  STRUC PROD INC 2007-R6                                    | BEAR STEARNS STRUCTURED PRODUC BSSP 2007 R6 1A1            | CUSIP: 07402FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     137335 | PA      | $97019.35     | 0.00%             | 2036-01-26      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H04                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H04 FB             | CUSIP: 38376RRA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      59203 | PA      | $59436.03     | 0.00%             | 2066-01-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5573                                                 | FREDDIE MAC FHR 5573 FB                                    | CUSIP: 3137HMSG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   12978711 | PA      | $13035988.32  | 0.50%             | 2055-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT BRL SOLD USD 20260105                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $10890.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260219                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-11576.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2009-111                                                     | FANNIE MAE FNR 2009 111 FC                                 | CUSIP: 31398GQS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      16153 | PA      | $16221.72     | 0.00%             | 2038-03-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2025-1                                             | PAGAYA AI DEBT SELECTION TRUST PAID 2025 1 A2 144A         | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     672843 | PA      | $678821.33    | 0.03%             | 2032-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| AVON FINANCE 4A                                                         | AVON FINANCE AVON 4A A 144A                                | CUSIP: ACI2JTXR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    5520019 | PA      | $7450757.40   | 0.29%             | 2049-12-28      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES Q034       | FHLMC MULTIFAMILY STRUCTURED P FHMS Q034 APT2              | CUSIP: 3137HLY30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    7530410 | PA      | $7330740.09   | 0.28%             | 2054-07-25      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD NZD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $3849.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-391.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5549                                                 | FREDDIE MAC FHR 5549 BF                                    | CUSIP: 3137HLS52<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1842183 | PA      | $1850353.67   | 0.07%             | 2055-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 008814 G2 02/26 FLOATING VAR                  | CUSIP: 36202KYK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |         36 | PA      | $35.91        | 0.00%             | 2026-02-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| TIAA CLO IV LTD 2018-1A                                                 | TIAA CLO LTD TIA 2018 1A A1AR 144A                         | CUSIP: 88631YAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1307242 | PA      | $1307879.13   | 0.05%             | 2032-01-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD INR BOUGHT USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-442.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 008949 G2 08/26 FLOATING VAR                  | CUSIP: 36202K5J0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        118 | PA      | $117.88       | 0.00%             | 2026-08-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                    | EDISON INTERNATIONAL 01/26 ZCP                             | CUSIP: 28103BA69<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    2400000 | PA      | $2398338.96   | 0.09%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD SGD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $-84.51       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-13831.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL AL5548 FN 05/38 FLOATING VAR                     | CUSIP: 3138ENEW5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      82123 | PA      | $85682.78     | 0.00%             | 2038-05-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA3238 FN 01/48 FIXED 3.5                        | CUSIP: 31418CS47<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     767638 | PA      | $721964.24    | 0.03%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 02/26 1.2                 | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     100000 | PA      | $99641.39     | 0.00%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $388.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260219                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-3078.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2025-A                                           | OPORTUN FUNDING LLC OPTN 2025 A A 144A                     | CUSIP: 68377TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2400000 | PA      | $2400072.00   | 0.09%             | 2033-02-08      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD 2017-4A                                                | CIFC FUNDING LTD CIFC 2017 4A A1R 144A                     | CUSIP: 12551JAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     264572 | PA      | $264897.95    | 0.01%             | 2030-10-24      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 03/26 0.00000                                | CUSIP: 912797SZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1112000 | PA      | $1104041.77   | 0.04%             | 2026-03-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R3                                      | VERUS SECURITIZATION TRUST VERUS 2021 R3 A1 144A           | CUSIP: 92538EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1017667 | PA      | $975756.13    | 0.04%             | 2064-04-25      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CHF BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-518.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-88                                               | FANNIE MAE FNR 2025 88 KF                                  | CUSIP: 3136BXZS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2085010 | PA      | $2093524.73   | 0.08%             | 2055-09-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL BJ4916 FN 03/48 FIXED 3.5                        | CUSIP: 3140H6PA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       8157 | PA      | $7662.30      | 0.00%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CREDIT FUNDING 25-18A LTD                                     | ANCHORAGE CREDIT FUNDING LTD. ANCHF 2025 18A A 144A        | CUSIP: 03331MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    5600000 | PA      | $5625904.93   | 0.22%             | 2040-10-22      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-3                                        | TOWD POINT MORTGAGE TRUST TPMT 2018 3 A1 144A              | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2842503 | PA      | $2805670.44   | 0.11%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 01/26 0.00000                                | CUSIP: 912797SH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       2000 | PA      | $1995.11      | 0.00%             | 2026-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SO. CALIF EDISON                                           | CUSIP: 8424C1A57<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   12400000 | PA      | $12393084.52  | 0.48%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | REVERSE REPO TORONTO DOMINIO                               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -1310625 | PA      | $-1310899.50  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| PRPM 2025-6 LLC                                                         | PRESTON RIDGE PARTNERS MORTGAG PRPM 2025 6 A1 144A         | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2680171 | PA      | $2686497.12   | 0.10%             | 2028-08-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $74233.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 01/27 4.271          | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     400000 | PA      | $398071.67    | 0.02%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2009-47                                                      | FANNIE MAE FNR 2009 47 FA                                  | CUSIP: 31396QFA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      19761 | PA      | $19949.35     | 0.00%             | 2039-07-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR GBP SONIO/3.75000 09/17/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $215655.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA3442 FN 08/48 FIXED 3.5                        | CUSIP: 31418CZG2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     247033 | PA      | $231373.74    | 0.01%             | 2048-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQ2R                           | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2021 NQ2R A1 144A       | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     700041 | PA      | $673841.50    | 0.03%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | HYUNDAI CAPITAL AMERICA SR UNSECURED REGS 03/30 VAR        | CUSIP: 44891CDT7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   10000000 | PA      | $10077874.00  | 0.39%             | 2030-03-27      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2019-NUGS                                | MORGAN STANLEY CAPITAL I TRUST MSC 2019 NUGS A 144A        | CUSIP: 61692AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1800000 | PA      | $1388414.16   | 0.05%             | 2036-12-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT NZD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $2150.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                                 | FREDDIE MAC FHR 5508 FC                                    | CUSIP: 3137HJGF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1813886 | PA      | $1824396.58   | 0.07%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                             | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/26 5.5        | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    7800000 | PA      | $7812629.53   | 0.30%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD JPY BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $3143.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC HOME EQTY LN 2004-HE2                                  | ASSET BACKED SECURITIES CORP H ABSHE 2004 HE2 M1           | CUSIP: 04541GHW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     886310 | PA      | $955172.69    | 0.04%             | 2034-04-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260224                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $24481.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-171.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2004-WF                                                     | GSAMP TRUST GSAMP 2004 WF M2                               | CUSIP: 36242DKL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      19475 | PA      | $19934.40     | 0.00%             | 2034-10-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-18                                               | FANNIE MAE FNR 2025 18 FA                                  | CUSIP: 3136BU7K0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2158392 | PA      | $2167993.43   | 0.08%             | 2053-11-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 008830 G2 03/26 FLOATING VAR                  | CUSIP: 36202KY33<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        459 | PA      | $458.62       | 0.00%             | 2026-03-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL BZ2582 FN 12/29 FIXED 4.3                        | CUSIP: 3140NW2Q7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    8820000 | PA      | $8896526.38   | 0.34%             | 2029-12-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $2372.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 303469 FN 11/28 FLOATING VAR                     | CUSIP: 31373UCE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        785 | PA      | $778.19       | 0.00%             | 2028-11-01      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-187.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CRNCL-2019-11A                                                          | CAIRN CLO BV CRNCL 2019 11A AR 144A                        | CUSIP: ACI34RX33<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    3600000 | PA      | $4235076.76   | 0.16%             | 2040-01-15      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-78                                               | FANNIE MAE FNR 2025 78 KF                                  | CUSIP: 3136BW7K6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    8120824 | PA      | $8156495.70   | 0.31%             | 2055-09-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2023-1                                  | CITIZENS AUTO RECEIVABLES TRUS CITZN 2023 1 A3 144A        | CUSIP: 17331KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3679095 | PA      | $3701217.99   | 0.14%             | 2028-01-18      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20261118                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-36742.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDX ITRAXX XOV44 5Y 35-100% SP BPS                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $4605316.62   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 03/26 0.00000                                | CUSIP: 912797SY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5164000 | PA      | $5130644.64   | 0.20%             | 2026-03-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-9052.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CITIGROUP REPO REPO                     5807               | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |  193900000 | PA      | $193900000.01 | 7.44%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | 317UADGA4 PIMCO SWAPTION 3.65 PUT USD 20260909             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |  462800000 | NC      | $313084.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-12                                               | FANNIE MAE FNR 2025 12 FG                                  | CUSIP: 3136BVFH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2141712 | PA      | $2152209.21   | 0.08%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 795297 FN 07/44 FLOATING VAR                     | CUSIP: 31405PRS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       7611 | PA      | $7647.91      | 0.00%             | 2044-07-01      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL BJ3935 FN 12/47 FIXED 3.5                        | CUSIP: 3140H5LR0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      17753 | PA      | $16631.20     | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2A                           | WESTLAKE AUTOMOBILE RECEIVABLE WLAKE 2025 2A B 144A        | CUSIP: 96041KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    8100000 | PA      | $8149743.72   | 0.31%             | 2031-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SEASONED MORTGAGE TRUST 2024-1                                | JP MORGAN SEASONED MORTGAGE TR JPSMT 2024 1 A3 144A        | CUSIP: 61777HAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3588636 | PA      | $3455930.95   | 0.13%             | 2063-01-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN ABS 2006-FF11                                   | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF11 2A3           | CUSIP: 32028PAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1527372 | PA      | $1457508.51   | 0.06%             | 2036-08-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2024-2A                               | GLS AUTO SELECT RECEIVABLES TR GSAR 2024 2A A2 144A        | CUSIP: 379924AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1464466 | PA      | $1481722.23   | 0.06%             | 2030-06-17      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| DRYDEN 86 CLO LTD 2020-86A                                              | DRYDEN SENIOR LOAN FUND DRSLF 2020 86A A1R2 144A           | CUSIP: 26245XAY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1000000 | PA      | $1000191.28   | 0.04%             | 2034-07-17      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| CIM TRUST 2020-R5                                                       | CIM TRUST CIM 2020 R5 M1 144A                              | CUSIP: 12559UAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    6300000 | PA      | $6036090.48   | 0.23%             | 2059-12-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-93305.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA3276 FN 02/48 FIXED 3.5                        | CUSIP: 31418CUA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     565214 | PA      | $531271.43    | 0.02%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 02/27 4.875               | CUSIP: 842400JA2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    2600000 | PA      | $2617718.30   | 0.10%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-156                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 156 JF             | CUSIP: 38383BBP6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   11874510 | PA      | $11888658.00  | 0.46%             | 2055-09-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTS 2005-AB4                                 | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 AB4 2A1            | CUSIP: 126670KK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     365889 | PA      | $336237.47    | 0.01%             | 2036-03-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 09/26 4.4                 | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3005820.78   | 0.12%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-70                                               | FANNIE MAE FNR 2025 70 CF                                  | CUSIP: 3136BXKF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    9102036 | PA      | $9190757.59   | 0.35%             | 2055-09-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $2504.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CNH BOUGHT USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-8457.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-8112.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 25-3A                                 | GLS AUTO SELECT RECEIVABLES TR GSAR 2025 3A A2 144A        | CUSIP: 36272GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1952648 | PA      | $1965686.30   | 0.08%             | 2030-10-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE OWNER TRUST 2023-A                                          | BMW VEHICLE OWNER TRUST BMWOT 2023 A A3                    | CUSIP: 05592XAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1273290 | PA      | $1281113.76   | 0.05%             | 2028-02-25      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-BA                                       | NELNET STUDENT LOAN TRUST NSLT 2025 BA A1A 144A            | CUSIP: 64032BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2058563 | PA      | $2067375.63   | 0.08%             | 2055-05-17      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT IDR SOLD USD 20260122                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $1150.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                                      | NVIDIA CORP COMMON STOCK USD.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      68098 | NS      | $12700277.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL G04629 FG 01/29 FIXED 6                  | CUSIP: 3128M6PN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |         24 | PA      | $24.16        | 0.00%             | 2029-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARROWMARK COLORADO HOLDINGS 2018-3A                                     | ELEVATION CLO LTD AWPT 2018 3A A1R2 144A                   | CUSIP: 28623VAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    7700000 | PA      | $7710800.64   | 0.30%             | 2035-01-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| NAVIENT EDUCATION LOAN TRUST 2025-A                                     | NAVIENT EDUCATION LOAN TRUST NAVEL 2025 A A 144A           | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3392352 | PA      | $3432937.43   | 0.13%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| PRIME MORTGAGE TRUST 2004-CL1                                           | PRIME MORTGAGE TRUST PRIME 2004 CL1 1A2                    | CUSIP: 74160MDL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       7824 | PA      | $7449.25      | 0.00%             | 2034-02-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | AUST 10Y BOND FUT MAR26 XSFE 20260316                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |        498 | NC      | $117960.10    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BMO 2025-5C11 MORTGAGE TRUST                                            | BMO MORTGAGE TRUST BMO 2025 5C11 A2                        | CUSIP: 096941AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   10800000 | PA      | $11103586.92  | 0.43%             | 2058-07-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE                  | CUSIP: 01F042616<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -41700000 | PA      | $-40714902.14 | -1.56%            | 2055-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/27 5.8            | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    4900000 | PA      | $4963074.47   | 0.19%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC-3271                                                        | FREDDIE MAC FHR 3271 FA                                    | CUSIP: 31397FFJ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      32547 | PA      | $32225.00     | 0.00%             | 2037-02-15      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT THB SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $595.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GE-WMC MORTGAGE SECURITIES LLC 2005-2                                   | GE WMC MORTGAGE SECURITIES LLC GEWMC 2005 2 A2D            | CUSIP: 367910AV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4013578 | PA      | $3925414.08   | 0.15%             | 2035-12-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| NAVIENT REFINANCE LOAN TRUST 2025-C                                     | NAVIENT REFINANCE LOAN TRUST NAVRL 2025 C A 144A           | CUSIP: 638973AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   13089310 | PA      | $13129057.02  | 0.50%             | 2055-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-113733.73   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 080086 G2 06/27 FLOATING VAR                  | CUSIP: 36225CCY0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        366 | PA      | $368.38       | 0.00%             | 2027-06-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260203                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-10731.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-69                                               | FANNIE MAE FNR 2025 69 FD                                  | CUSIP: 3136BWB54<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   22064156 | PA      | $22169715.09  | 0.85%             | 2055-08-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2A                           | WESTLAKE AUTOMOBILE RECEIVABLE WLAKE 2024 2A A2B 144A      | CUSIP: 96042YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     236367 | PA      | $236433.15    | 0.01%             | 2027-08-16      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3609                                                        | FREDDIE MAC FHR 3609 F                                     | CUSIP: 31398LN38<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      37317 | PA      | $37463.46     | 0.00%             | 2036-08-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL STREET MASTER TRUST 2025-1                                      | CAPITAL STREET MASTER TRUST CAPST 2025 1 A 144A            | CUSIP: 14051LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    6000000 | PA      | $5993133.00   | 0.23%             | 2029-08-16      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT NZD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $26556.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PARK AVENUE INSTITUTIONAL ADVI 2021-1A                                  | PARK AVENUE INSTITUTIONAL ADVI PAIA 2021 1A A1AR 144A      | CUSIP: 70015QAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     700000 | PA      | $700523.68    | 0.03%             | 2034-01-20      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260224                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $10386.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-42941.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL AJ7493 FN 12/26 FIXED 3                          | CUSIP: 3138E0KF5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     150545 | PA      | $149505.80    | 0.01%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2002-AR21                                 | CREDIT SUISSE FIRST BOSTON MOR CSFB 2002 AR21 1A1          | CUSIP: 22540V4R0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        466 | PA      | $394.40       | 0.00%             | 2032-06-25      | Floating      | 0.10%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                       | SOUTH AFRICA TREASURY BILL 7.93  13.05.2026                | CUSIP: ACI2X3D53<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   32600000 | PA      | $1925479.27   | 0.07%             | 2026-05-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                               | BANQUE FED CRED MUTUEL 144A 10/28 VAR                      | CUSIP: 06675DCQ3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    5300000 | PA      | $5328797.82   | 0.20%             | 2028-10-16      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 758900 FN 12/33 FLOATING VAR                     | CUSIP: 31403VDD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      30641 | PA      | $31486.18     | 0.00%             | 2033-12-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST 2019-BA                                      | NAVIENT STUDENT LOAN TRUST NAVSL 2019 BA A2B 144A          | CUSIP: 63941LAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1483460 | PA      | $1481885.33   | 0.06%             | 2059-12-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD MXN BOUGHT USD 20260129                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-754819.05   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260219                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-1424.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2024-6                                     | PAGAYA AI DEBT SELECTION TRUST PAID 2024 6 A 144A          | CUSIP: 69548KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     629139 | PA      | $632324.19    | 0.02%             | 2031-11-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD NZD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $4702.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL 849407 FH 09/37 FLOATING VAR             | CUSIP: 31300MNY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     186195 | PA      | $194587.97    | 0.01%             | 2037-09-01      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H02                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H02 FH             | CUSIP: 38376RPV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1001148 | PA      | $1007086.81   | 0.04%             | 2066-01-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST 2021-2                                   | HOME PARTNERS OF AMERICA TRUST HPA 2021 2 A 144A           | CUSIP: 43732VAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     609207 | PA      | $596521.67    | 0.02%             | 2026-12-17      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 06/20/24-9Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-35778.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT EUR SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2344.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | S+P500 EMINI FUT  MAR26 XCME 20260320                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |        728 | NC      | $490071.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-55558.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                 | GOLDMAN SACHS GROUP INC SR UNSECURED 10/30 VAR             | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     100000 | PA      | $101392.45    | 0.00%             | 2030-10-23      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-N1                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N1 A3 144A       | CUSIP: 14687QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1073544 | PA      | $1075565.54   | 0.04%             | 2028-03-10      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                             | MEX BONOS DESARR FIX RT BONDS 03/29 8.5                    | CUSIP: ACI2JBZ32<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  228800000 | PA      | $12829571.68  | 0.49%             | 2029-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA3218 FN 12/32 FIXED 3                          | CUSIP: 31418CSG0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    4298328 | PA      | $4176422.50   | 0.16%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260223                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $31566.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $2532.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CAD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $-8903.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+63 RBC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-17269.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2007-2                                    | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 2 1A               | CUSIP: 12668NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     220943 | PA      | $198832.12    | 0.01%             | 2037-08-25      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT KRW SOLD USD 20260213                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-22322.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD TWD BOUGHT USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $376.23       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2023-P2                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P2 A4 144A       | CUSIP: 14686TAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2700000 | PA      | $2743528.86   | 0.11%             | 2029-03-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 4559                                                        | FREDDIE MAC FHR 4559 AF                                    | CUSIP: 3137BNCR3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      66779 | PA      | $66973.24     | 0.00%             | 2042-03-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2025-5                                             | PAGAYA AI DEBT SELECTION TRUST PAID 2025 5 A2 144A         | CUSIP: 69548WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1099958 | PA      | $1107315.12   | 0.04%             | 2033-03-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD EUR BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-454.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES TRUST 2006-W5                                         | ARGENT SECURITIES INC. ARSI 2006 W5 A1A                    | CUSIP: 04012XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3391172 | PA      | $2278518.82   | 0.09%             | 2036-06-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2025-5                                             | PAGAYA AI DEBT SELECTION TRUST PAID 2025 5 A1 144A         | CUSIP: 69548WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4413653 | PA      | $4417628.34   | 0.17%             | 2026-08-17      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT NZD SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $14383.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2009-87                                                      | FANNIE MAE FNR 2009 87 FX                                  | CUSIP: 31398FM57<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      31613 | PA      | $31701.77     | 0.00%             | 2039-11-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/1.75000 06/15/22-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $688099.82    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-2017.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | DEUTSCHE BANK AKTIENGESELLSCH SLA SE ICE                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | DE        |          1 | NC      | $7873.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-H22                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 H22 F              | CUSIP: 38384LA58<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     982218 | PA      | $986589.82    | 0.04%             | 2075-10-20      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-6                                       | VERUS SECURITIZATION TRUST VERUS 2025 6 A1 144A            | CUSIP: 92540YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5286297 | PA      | $5334652.58   | 0.20%             | 2070-07-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-17832.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FCCU AUTO RECEIVABLES TRUST 2025-1A                                     | FCCU AUTO RECEIVABLES TRUST FCCU 2025 1A A2 144A           | CUSIP: 31424YAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5284596 | PA      | $5302148.75   | 0.20%             | 2029-01-16      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                            | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR A 144A          | CUSIP: 12564NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2352215 | PA      | $2319763.03   | 0.09%             | 2038-11-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES EURO CLO 17-3A                         | CARLYLE GLOBAL MARKET STRATEGI CGMSE 2017 3A A1R 144A      | CUSIP: ACI1YDTG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     266039 | PA      | $312825.40    | 0.01%             | 2031-01-15      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT THB SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $1347.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $6679.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD JPY BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $7328.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-20.77       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-1                                             | PAGAYA AI DEBT SELECTION TRUST PAID 2024 1 A 144A          | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2358444 | PA      | $2364589.24   | 0.09%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                       | HSBC HOLDINGS PLC SR UNSECURED 05/31 VAR                   | CUSIP: 404280EZ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    4600000 | PA      | $4695704.24   | 0.18%             | 2031-05-13      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2025-1 LLC                                  | POST ROAD EQUIPMENT FINANCE PREF 2025 1A A2 144A           | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3685130 | PA      | $3715610.70   | 0.14%             | 2031-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | LONG GILT FUTURE  MAR26 IFLL 20260327                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        207 | NC      | $53813.33     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-325.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                                    | ERAC USA FINANCE LLC                                       | CUSIP: 26882SAC0<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    2100000 | PA      | $2097277.56   | 0.08%             | 2026-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRAZIL GOVT                                                             | LETRA TESOURO NACIONAL BILLS 04/26 0.00000                 | CUSIP: ACI2MFC91<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  307600000 | PA      | $54300763.98  | 2.08%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA INC DISC COML PAPER 01/26 ZCP                          | CUSIP: 40412DAD1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   13800000 | PA      | $13780075.56  | 0.53%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                      | META PLATFORMS INC CLASS A COMMON STOCK USD.000006         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      93200 | NS      | $61520388.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC REMICS 3376                                                 | FREDDIE MAC FHR 3376 FD                                    | CUSIP: 31397KZG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      86234 | PA      | $86426.53     | 0.00%             | 2037-10-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LLC                                               | VIPER ENERGY PARTNERS LL COMPANY GUAR 08/30 4.9            | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    6700000 | PA      | $6781170.50   | 0.26%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-5                                        | TOWD POINT MORTGAGE TRUST TPMT 2024 5 A1A 144A             | CUSIP: 891944AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    8008559 | PA      | $8042417.15   | 0.31%             | 2064-10-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2001-HE17                                 | CREDIT SUISSE FIRST BOSTON MOR CSFB 2001 HE17 A1           | CUSIP: 22540A7A0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      34193 | PA      | $33977.37     | 0.00%             | 2032-01-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                      | F+G GLOBAL FUNDING SR SECURED 144A 09/28 2                 | CUSIP: 30321L2C5<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |     600000 | PA      | $562814.68    | 0.02%             | 2028-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOUTH KOREA GOVT AS BP MYC                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-238071.52   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORPORATION LTD                                         | ISRAEL ELECTRIC CORP LTD SR SECURED REGS 12/27 7.75        | CUSIP: 46507WAB6<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    1500000 | PA      | $1589308.50   | 0.06%             | 2027-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-16                                   | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 16 1A              | CUSIP: 23242FAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5822400 | PA      | $5490149.24   | 0.21%             | 2046-12-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP INC                                             | SAMMONS FINANCIAL GROUP SR UNSECURED 144A 04/31 3.35       | CUSIP: 79588TAD2<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1484675.60   | 0.06%             | 2031-04-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT KRW SOLD USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $35248.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                             | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 07/27 5.375      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    9600000 | PA      | $9675517.73   | 0.37%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2011-60                                               | FANNIE MAE FNR 2011 60 OA                                  | CUSIP: 31397U3F4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      25767 | PA      | $22559.38     | 0.00%             | 2039-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H07                       | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H07 FM             | CUSIP: 38376RRJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        199 | PA      | $200.17       | 0.00%             | 2066-02-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                | BAXTER INTERNATIONAL INC SR UNSECURED 12/30 4.9            | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |     200000 | PA      | $201640.87    | 0.01%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2005-OPT3                                 | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 OPT3 M1           | CUSIP: 83611MGU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      56441 | PA      | $56436.66     | 0.00%             | 2035-11-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL G08789 FG 11/47 FIXED 4                  | CUSIP: 3128MJ2X7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     299609 | PA      | $290893.66    | 0.01%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                                                         | DAE FUNDING LLC COMPANY GUAR 144A 03/28 3.375              | CUSIP: 23371DAG9<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |     500000 | PA      | $487374.91    | 0.02%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                                 | FREDDIE MAC FHR 5508 FB                                    | CUSIP: 3137HJGE1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1639940 | PA      | $1641047.02   | 0.06%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260227                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $10957.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES EUROPEAN CLO X BV 10A                                              | ARES EUROPEAN CLO ARESE 10A AR 144A                        | CUSIP: ACI1Y2RR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     314106 | PA      | $369380.25    | 0.01%             | 2031-10-15      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST 2025-1A                        | CASTLELAKE AIRCRAFT SECURITIZA CLAST 2025 1A A 144A        | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3458165 | PA      | $3518350.87   | 0.14%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.00000 06/21/23-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1317519.21   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 5.5 JUMBOS                               | CUSIP: 21H052629<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   18080000 | PA      | $18244010.73  | 0.70%             | 2056-02-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INV 2006-OPT1                                    | MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 OPT1 A2C          | CUSIP: 59022VAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     314846 | PA      | $303781.94    | 0.01%             | 2037-08-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3597                                                        | FREDDIE MAC FHR 3597 FC                                    | CUSIP: 31398L5U8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      12180 | PA      | $12275.74     | 0.00%             | 2039-11-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                    | BAYER US FINANCE LLC COMPANY GUAR 144A 11/26 6.125         | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |     607000 | PA      | $615891.47    | 0.02%             | 2026-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQ2R                           | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2021 NQ2R A2 144A       | CUSIP: 64831EAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100263 | PA      | $96313.77     | 0.00%             | 2058-10-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| BLACKBIRD CAPITAL AIRCRAFT LEASE SECURITIZATION LTD 2021-1A             | BLACKBIRD CAPITAL AIRCRAFT BBIRD 2021 1A A 144A            | CUSIP: 09229CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2081600 | PA      | $1978819.17   | 0.08%             | 2046-07-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD INR BOUGHT USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-286.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-161.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PRPM 2024-RCF3 LLC                                                      | PRESTON RIDGE PARTNERS MORTGAG PRPM 2024 RCF3 A1 144A      | CUSIP: 74390BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1617007 | PA      | $1602263.73   | 0.06%             | 2054-05-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                           | BOEING CO SR UNSECURED 02/27 2.7                           | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    8825000 | PA      | $8700340.17   | 0.33%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL C01615 FG 08/33 FIXED 6                  | CUSIP: 31292HYL2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       2431 | PA      | $2503.41      | 0.00%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2024-2                                      | ALLY AUTO RECEIVABLES TRUST ALLYA 2024 2 A3                | CUSIP: 02007NAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     994135 | PA      | $996007.80    | 0.04%             | 2029-07-16      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST 2023-3A LLC                    | RESEARCH DRIVEN PAGAYA MOTOR A RPM 2023 3A A 144A          | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     251568 | PA      | $251979.71    | 0.01%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-1123018.80  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD CNH BOUGHT USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-18757.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                                 | FREDDIE MAC FHR 5500 GF                                    | CUSIP: 3137HJB30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    4482198 | PA      | $4502813.25   | 0.17%             | 2054-10-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $716.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC-3271                                                        | FREDDIE MAC FHR 3271 FP                                    | CUSIP: 31397FFP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1068 | PA      | $1055.90      | 0.00%             | 2037-02-15      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260115                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-6599.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSUMER PORTFOLIO SERVICES AUTO TRUST 2025-C                           | CPS AUTO TRUST CPS 2025 C A 144A                           | CUSIP: 12634SAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     709302 | PA      | $711207.31    | 0.03%             | 2029-03-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2025-6                                             | PAGAYA AI DEBT SELECTION TRUST PAID 2025 6 A2 144A         | CUSIP: 69549BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3000000 | PA      | $3003028.20   | 0.12%             | 2033-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-76598.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 06/27 4.7                 | CUSIP: 842400HQ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     300000 | PA      | $302527.53    | 0.01%             | 2027-06-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CANYON CLO 2020-1 LTD                                                   | CANYON CAPITAL CLO LTD CANYC 2020 1A AR2 144A              | CUSIP: 13876LAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4000000 | PA      | $3996786.24   | 0.15%             | 2034-07-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ILS BOUGHT USD 20260219                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-3312.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-14                                                      | FANNIE MAE FNR 2007 14 F                                   | CUSIP: 31396PZS3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      13817 | PA      | $13677.05     | 0.00%             | 2037-03-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $1015.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $61005.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                                 | FREDDIE MAC FHR 5508 QF                                    | CUSIP: 3137HJVX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2250133 | PA      | $2260818.12   | 0.09%             | 2055-02-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2004-3                                    | COUNTRYWIDE ASSET BACKED CERTI CWL 2004 3 2A               | CUSIP: 1266714M5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     339422 | PA      | $332073.12    | 0.01%             | 2034-08-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD NZD BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $2109.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 544861 FN 12/36 FLOATING VAR                     | CUSIP: 31385HJE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       8294 | PA      | $8401.98      | 0.00%             | 2036-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD JPY BOUGHT USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $5781.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2024-CES6                                           | WOODWARD CAPITAL MANAGEMENT RCKT 2024 CES6 A1A 144A        | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1866881 | PA      | $1876410.52   | 0.07%             | 2044-09-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| AFC HOME EQUITY LOAN TR 1998-2                                          | AFC HOME EQUITY LOAN TRUST AFC 1998 2 2A                   | CUSIP: 00105HDN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      23776 | PA      | $23532.37     | 0.00%             | 2028-06-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-13.57       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-1                                        | TOWD POINT MORTGAGE TRUST TPMT 2018 1 A1 144A              | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      23759 | PA      | $23632.81     | 0.00%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $6999.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNPAM-2018-1A                                                           | BNPP IP EURO CLO BNPAM 2018 1A AR 144A                     | CUSIP: ACI1W1J88<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1129113 | PA      | $1327997.20   | 0.05%             | 2031-04-15      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                             | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 07/26 4.25       | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    2700000 | PA      | $2700301.32   | 0.10%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $10631.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT KRW SOLD USD 20260108                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $12043.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGES TRUST 2006-OA2                          | MASTR ADJUSTABLE RATE MORTGAGE MARM 2006 OA2 2A1           | CUSIP: 55275NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3099497 | PA      | $2814684.21   | 0.11%             | 2046-12-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | AUST 3YR BOND FUT MAR26 XSFE 20260316                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |       2062 | NC      | $73959.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BPCE SA                                                                 | BPCE SA 144A 10/27 3.5                                     | CUSIP: 05583JAC6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    2000000 | PA      | $1978964.16   | 0.08%             | 2027-10-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL FOUR CLO X DAC 10A                                              | CAPITAL FOUR CLO CFOUR 10A A 144A                          | CUSIP: ACI2ZN408<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1000000 | PA      | $1176148.49   | 0.05%             | 2038-10-25      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3360                                                        | FREDDIE MAC FHR 3360 FC                                    | CUSIP: 31397KE31<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     294464 | PA      | $295223.28    | 0.01%             | 2037-05-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| VOYA CLO 2017-3A                                                        | VOYA CLO LTD VOYA 2017 3A A1RR 144A                        | CUSIP: 92915QBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     900000 | PA      | $899895.69    | 0.03%             | 2034-04-20      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                    | FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE                  | CUSIP: 01F062630<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  144634672 | PA      | $150479713.45 | 5.78%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORTIS INC/CANADA                                                       | FORTIS INC SR UNSECURED 10/26 3.055                        | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    5641000 | PA      | $5595848.08   | 0.21%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H4 MORTGAGE TRUST                                            | CROSS MORTGAGE TRUST CROSS 2024 H4 A1 144A                 | CUSIP: 22758HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1180779 | PA      | $1195308.24   | 0.05%             | 2069-07-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT JPY SOLD USD 20260114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-125.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL C91238 FG 01/29 FIXED 5                  | CUSIP: 3128P7LT8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       9599 | PA      | $9605.21      | 0.00%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II TBA 30 YR 5.5 JUMBOS                               | CUSIP: 21H052611<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   21920000 | PA      | $22135969.87  | 0.85%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5564                                                 | FREDDIE MAC FHR 5564 FB                                    | CUSIP: 3137HMD23<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     771731 | PA      | $775362.31    | 0.03%             | 2055-08-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-RPL2 TRUST                                                    | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL2 A1A 144A       | CUSIP: 12656TAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1194899 | PA      | $1023198.47   | 0.04%             | 2060-01-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL MA5446 FN 08/54 FIXED 6.5                        | CUSIP: 31418FBQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     422521 | PA      | $439204.74    | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-HE4                                                    | GSAMP TRUST GSAMP 2006 HE4 A1                              | CUSIP: 362439AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      62098 | PA      | $61424.92     | 0.00%             | 2036-06-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $1728.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2024-9                                     | PAGAYA AI DEBT SELECTION TRUST PAID 2024 9 A 144A          | CUSIP: 69546QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     774053 | PA      | $776250.68    | 0.03%             | 2032-03-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                                   | MICROSOFT CORP COMMON STOCK USD.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     260000 | NS      | $125741200.00 | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                           | BOEING CO/THE SR UNSECURED 05/27 6.259                     | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     600000 | PA      | $615876.35    | 0.02%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD MXN BOUGHT USD 20260318                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-500.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260819                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-11821.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                       | HSBC HOLDINGS PLC SR UNSECURED 06/31 VAR                   | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     800000 | PA      | $748115.23    | 0.03%             | 2031-06-04      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-P2                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 P2 A3            | CUSIP: 14688PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1346742 | PA      | $1357177.68   | 0.05%             | 2029-07-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260520                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-10283.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQI CORP 2006-CH1                                   | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 CH1 M6           | CUSIP: 46629TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2200000 | PA      | $2102150.60   | 0.08%             | 2036-07-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                                                      | CONAGRA BRANDS INC SR UNSECURED 08/30 5                    | CUSIP: 205887CK6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     700000 | PA      | $708717.51    | 0.03%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | AVGO US TRS EQUITY SOFR+113 GST                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-720268.09   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CVC CORDATUS LOAN FUND XXIV DAC 24A                                     | CORDATUS CLO PLC CORDA 24A A 144A                          | CUSIP: ACI2N2L65<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    3777837 | PA      | $4448035.49   | 0.17%             | 2034-10-23      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                     | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF B 144A            | CUSIP: 04410RAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    7105000 | PA      | $7127016.26   | 0.27%             | 2035-04-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC2                | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 DSC2 A1 144A      | CUSIP: 61778XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5120001 | PA      | $5173408.43   | 0.20%             | 2070-07-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-HE5                                                    | GSAMP TRUST GSAMP 2005 HE5 M4                              | CUSIP: 362341ZE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     244577 | PA      | $241508.39    | 0.01%             | 2035-11-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| AREIT TRUST 2022-CRE6                                                   | AREIT CRE TRUST AREIT 2022 CRE6 A 144A                     | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    3926984 | PA      | $3922161.21   | 0.15%             | 2037-01-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE FUNDING 2024 - GRANITE 6 PLC 24-GR6A                | TOWD POINT MORTGAGE FUNDING TPMF 2024 GR6A A1 144A         | CUSIP: ACI2NQX93<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    4167166 | PA      | $5622416.38   | 0.22%             | 2053-07-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260409                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $3714.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $835.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BANK OF AMERICA CORPORATION SNR S* ICE                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $43633.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | 317UADSA1 PIMCO SWAPTION 3.65 PUT USD 20260909             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   44400000 | NC      | $30036.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL DJ9049 G2 06/55 FIXED 7                       | CUSIP: 3618KWBS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1272975 | PA      | $1293878.25   | 0.05%             | 2055-06-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2004-11                                                      | FANNIE MAE FNR 2004 11 A                                   | CUSIP: 31393T7H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      11838 | PA      | $11819.85     | 0.00%             | 2034-03-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 317UADDA7 PIMCO SWAPTION 3.65 PUT USD 20260909             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |  573000000 | NC      | $387634.50    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+62.5 RBC                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-34593.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP LLC 2022-5A                        | AVIS BUDGET RENTAL CAR FUNDING AESOP 2022 5A A 144A        | CUSIP: 05377RFV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    7200000 | PA      | $7225643.52   | 0.28%             | 2027-04-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 536234 FN 05/30 FIXED 8                          | CUSIP: 31384WV31<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1511 | PA      | $1533.74      | 0.00%             | 2030-05-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY2                                      | TOWD POINT MORTGAGE TRUST TPMT 2019 HY2 A1 144A            | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     853121 | PA      | $869491.59    | 0.03%             | 2058-05-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| GPMT LLC 2021-FL3                                                       | GPMT LTD. GPMT 2021 FL3 A 144A                             | CUSIP: 36264BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     124883 | PA      | $124872.63    | 0.00%             | 2035-07-16      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-2A                          | GREENSKY HOME IMPROVEMENT ISSU GSKY 2025 2A A4 144A        | CUSIP: 39571VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1530930 | PA      | $1543451.90   | 0.06%             | 2060-06-25      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTGE INV 1999-1                                        | STRUCTURED ASSET MORTGAGE INVE SAMI 1999 1 2A              | CUSIP: 86358HGW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      38761 | PA      | $37795.70     | 0.00%             | 2029-06-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                     | SYNCHRONY FINANCIAL SR UNSECURED 08/26 3.7                 | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    3200000 | PA      | $3189450.98   | 0.12%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MORTGAGE LOAD TR 2006-1                                      | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 1 1A             | CUSIP: 542514RH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     424032 | PA      | $421284.89    | 0.02%             | 2036-02-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2024-1                                  | CITIZENS AUTO RECEIVABLES TRUS CITZN 2024 1 A3 144A        | CUSIP: 17331QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     963562 | PA      | $968951.79    | 0.04%             | 2028-04-17      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260410                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $4238.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD ZAR BOUGHT USD 20260513                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-76693.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT BASED ASSET SRVC & SEC 2007-SP2                                  | CREDIT BASED ASSET SERVICING A CBASS 2007 SP2 M4 144A      | CUSIP: 1248MHAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1830661 | PA      | $1800832.32   | 0.07%             | 2046-03-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                    | EDISON INTERNATIONAL 01/26 ZCP                             | CUSIP: 28103BA51<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    2100000 | PA      | $2098790.82   | 0.08%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN FINANCIAL GLOBAL FUNDING                                        | LINCOLN FIN GLBL FUNDING SECURED 144A 01/30 5.3            | CUSIP: 53359KAA9<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |     400000 | PA      | $414297.07    | 0.02%             | 2030-01-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2005-AR8                                   | STRUCTURED ASSET MORTGAGE INVE SAMI 2005 AR8 A1A           | CUSIP: 86359LRW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      78657 | PA      | $67412.54     | 0.00%             | 2036-02-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT INR SOLD USD 20260202                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-2.01        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SPTR TRS EQUITY SOFR+53 RBC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $-163208.67   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| IMPAC CMB TR 2005-4                                                     | IMPAC CMB TRUST IMM 2005 4 1A1A                            | CUSIP: 45254NPA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2911391 | PA      | $2841636.41   | 0.11%             | 2035-05-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL QX4071 FR 01/55 FIXED 6                  | CUSIP: 31425YQZ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     290032 | PA      | $303341.29    | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/2.00 01/15/20-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $486259.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-2A                                                 | REACH FINANCIAL LLC REACH 2025 2A A 144A                   | CUSIP: 75525QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4371330 | PA      | $4389888.39   | 0.17%             | 2032-08-18      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| PARALLEL 2021-1 LTD                                                     | PARALLEL LTD PARL 2021 1A AR 144A                          | CUSIP: 69916HAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    8000000 | PA      | $7985275.84   | 0.31%             | 2034-07-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD PLN BOUGHT USD 20260116                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-82.67       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT TWD SOLD USD 20260120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $628.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LEHMAN MORTGAGE TRUST 2007-5                                            | LEHMAN MORTGAGE TRUST LMT 2007 5 4A2                       | CUSIP: 52521RBH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     496256 | PA      | $313127.70    | 0.01%             | 2036-08-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ZAR SOLD USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $6985.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2A                           | WESTLAKE AUTOMOBILE RECEIVABLE WLAKE 2024 2A A3 144A       | CUSIP: 96042YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1700000 | PA      | $1707549.36   | 0.07%             | 2028-02-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDX ITRAXX XOV44 5Y 35-100% SP BOA                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $3558868.01   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO MTGE BK SEC TR 2006-AR5                                     | WELLS FARGO MORTGAGE BACKED SE WFMBS 2006 AR5 1A1          | CUSIP: 94983RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     740959 | PA      | $747809.07    | 0.03%             | 2036-04-25      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                 | MPLX LP SR UNSECURED 03/27 4.125                           | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     800000 | PA      | $800671.25    | 0.03%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-104                                              | FANNIE MAE FNR 2024 104 FA                                 | CUSIP: 3136BUEQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3189281 | PA      | $3198422.36   | 0.12%             | 2055-01-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                    | GNMA II POOL 082793 G2 04/41 FLOATING VAR                  | CUSIP: 36225FC72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     525873 | PA      | $538109.15    | 0.02%             | 2041-04-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2023-B                                   | HYUNDAI AUTO RECEIVABLES TRUST HART 2023 B A3              | CUSIP: 44933XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1679817 | PA      | $1691797.34   | 0.06%             | 2028-04-17      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| INDYMAC RESIDENTIAL ASSET BACKED 2006-C                                 | INDYMAC RESIDENTIAL ASSET BACK INABS 2006 C 2A             | CUSIP: 43709BAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3019240 | PA      | $2884281.31   | 0.11%             | 2036-08-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL BJ4012 FN 02/48 FIXED 3.5                        | CUSIP: 3140H5N64<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      41993 | PA      | $39313.47     | 0.00%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT ZAR SOLD USD 20260126                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $4371.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                      | SOUTHERN CAL EDISON 1ST MORTGAGE 11/27 5.85                | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    1703000 | PA      | $1751248.78   | 0.07%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                                 | FREDDIE MAC FHR 5517 FE                                    | CUSIP: 3137HKGJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5798313 | PA      | $5848224.29   | 0.22%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE LP / PAA FINANCE CORP                      | PLAINS ALL AMER PIPELINE SR UNSECURED 01/31 4.7            | CUSIP: 72650RBR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2700000 | PA      | $2716293.77   | 0.10%             | 2031-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $8165.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | GOOG US TRS EQUITY SOFR+100 RBC                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |          1 | NC      | $460943.11    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                 | GOLDMAN SACHS GROUP INC SR UNSECURED 07/30 VAR             | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     800000 | PA      | $819871.38    | 0.03%             | 2030-07-23      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE8                                   | MORGAN STANLEY CAPITAL INC MSAC 2006 HE8 A1                | CUSIP: 61750SAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      70538 | PA      | $63764.44     | 0.00%             | 2036-10-25      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                  | CS AT1 CLAIMS US22546DAB29 CREDIT SUISSE GROUP AG          | CUSIP: 952NPKII9<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |    2300000 | PA      | $678500.00    | 0.03%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 12/18/24-2Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-391838.05   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KKR CLO 42A LTD                                                         | KKR FINANCIAL CLO LTD KKR 42A AR 144A                      | CUSIP: 48255EAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     350000 | PA      | $350262.50    | 0.01%             | 2034-07-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5607                                                 | FREDDIE MAC FHR 5607 FA                                    | CUSIP: 3137HNZB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2852907 | PA      | $2857867.28   | 0.11%             | 2055-12-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORPORATION                                         | RENESAS ELECTRONICS CORP SR UNSECURED 144A 11/26 2.17      | CUSIP: 75972BAB7<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |    2200000 | PA      | $2160628.78   | 0.08%             | 2026-11-25      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2022-3 LTD                                      | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2022 3A A1R 144A        | CUSIP: 05684NAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    6800000 | PA      | $6802642.89   | 0.26%             | 2035-07-17      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| SCCU AUTO RECEIVABLES TRUST 2025-1 2025-1A                              | SPACE COAST CREDIT UNION SCCU 2025 1A A4 144A              | CUSIP: 80620BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2300000 | PA      | $2337279.78   | 0.09%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3404                                                        | FREDDIE MAC FHR 3404 AF                                    | CUSIP: 31397PST8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     135795 | PA      | $136801.53    | 0.01%             | 2038-01-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260309                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $12025.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                    | FNMA POOL 041732 FN 02/27 FLOATING VAR                     | CUSIP: 31361ULM1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |         33 | PA      | $33.29        | 0.00%             | 2027-02-01      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT CNH SOLD USD 20260121                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $15208.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                      | RGA GLOBAL FUNDING SECURED 144A 01/30 5.25                 | CUSIP: 76209PAG8<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1861932.10   | 0.07%             | 2030-01-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-6                                         | BEAR STEARNS ALT A TRUST BALTA 2006 6 31A1                 | CUSIP: 073868AV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2726559 | PA      | $1499418.20   | 0.06%             | 2036-11-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-83                                               | FANNIE MAE FNR 2025 83 FA                                  | CUSIP: 3136BXVW1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   27651427 | PA      | $27756076.68  | 1.07%             | 2055-10-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA BANKEN AB                                        | SKANDINAVISKA ENSKILDA 144A 09/30 VAR                      | CUSIP: 830505BL6<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    4800000 | PA      | $4809954.91   | 0.18%             | 2030-09-03      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT PLN SOLD USD 20260123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $59370.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMAZONCOM INC                                                           | AMAZON.COM INC COMMON STOCK USD.01                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     300000 | NS      | $69246000.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR CLO 36A LTD                                                         | KKR FINANCIAL CLO LTD KKR 36A AR 144A                      | CUSIP: 48255AAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1550000 | PA      | $1550521.56   | 0.06%             | 2034-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOUGHT MXN SOLD USD 20260309                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $6738.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SYMPHONY CLO XXXII LTD                                                  | SYMPHONY CLO LTD SYMP 2022 32A AR 144A                     | CUSIP: 87168NAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    9700000 | PA      | $9699745.86   | 0.37%             | 2035-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2001-1                                       | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2001 1 A1             | CUSIP: 542514AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1955149 | PA      | $1928686.24   | 0.07%             | 2031-04-21      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2009-111                                                     | FANNIE MAE FNR 2009 111 FE                                 | CUSIP: 31398GRA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      21483 | PA      | $21575.05     | 0.00%             | 2040-01-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2005-15                                          | GSAA HOME EQUITY TRUST GSAA 2005 15 2A2                    | CUSIP: 362341D71<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     696540 | PA      | $221091.53    | 0.01%             | 2036-01-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ARM LOAN TRUST 2005-19XS                                     | STRUCTURED ADJUSTABLE RATE MOR SARM 2005 19XS 1A1          | CUSIP: 863579YR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1088346 | PA      | $1051558.78   | 0.04%             | 2035-10-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** PIMCO Funds

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer